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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.85 726.75 Td (Glossary and Selected ) Tj ET Q q 0 0 0 rg BT 323.68 726.75 Td (Abbr) Tj ET Q q 0 0 0 rg BT 346.29 726.75 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 700.82 Td (Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 700.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.28 700.82 Td (stock ) Tj ET Q q 0 0 0 rg BT 177.51 700.82 Td (tank ) Tj ET Q q 0 0 0 rg BT 196.85 700.82 Td (barrel, ) Tj ET Q q 0 0 0 rg BT 224.79 700.82 Td (of ) Tj ET Q q 0 0 0 rg BT 235.25 700.82 Td (42 ) Tj ET Q q 0 0 0 rg BT 247.37 700.82 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 267.28 700.82 Td (gallons ) Tj ET Q q 0 0 0 rg BT 298.29 700.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 323.74 700.82 Td (volume, ) Tj ET Q q 0 0 0 rg BT 358.36 700.82 Td (used ) Tj ET Q q 0 0 0 rg BT 378.81 700.82 Td (herein ) Tj ET Q q 0 0 0 rg BT 405.92 700.82 Td (in ) Tj ET Q q 0 0 0 rg BT 415.82 700.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 455.13 700.82 Td (to ) Tj ET Q q 0 0 0 rg BT 465.03 700.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 489.36 700.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.04 700.82 Td (or ) Tj ET Q q 0 0 0 rg BT 512.49 700.82 Td (other ) Tj ET Q q 0 0 0 rg BT 535.16 700.82 Td (liquid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 688.82 Td (hydrocarbons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 669.82 Td (Bbls/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 669.82 Td (Barrels ) Tj ET Q q 0 0 0 rg BT 166.88 669.82 Td (of ) Tj ET Q q 0 0 0 rg BT 177.71 669.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 190.76 669.82 Td (or ) Tj ET Q q 0 0 0 rg BT 201.59 669.82 Td (other ) Tj ET Q q 0 0 0 rg BT 224.64 669.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 250.48 669.82 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 307.40 669.82 Td (produced ) Tj ET Q q 0 0 0 rg BT 347.11 669.82 Td (per ) Tj ET Q q 0 0 0 rg BT 362.38 669.82 Td (day) Tj ET Q q 0 0 0 rg BT 376.17 669.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 650.82 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 650.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 650.82 Td (billion ) Tj ET Q q 0 0 0 rg BT 183.27 650.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 207.43 650.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 224.91 650.82 Td (of ) Tj ET Q q 0 0 0 rg BT 235.74 650.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.01 650.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 281.84 650.82 Td (or ) Tj ET Q q 0 0 0 rg BT 292.67 650.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 306.56 649.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.81 650.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.82 Td (BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 631.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.75 631.82 Td (barrel ) Tj ET Q q 0 0 0 rg BT 180.66 631.82 Td (of ) Tj ET Q q 0 0 0 rg BT 191.58 631.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 204.73 631.82 Td (equivalent, ) Tj ET Q q 0 0 0 rg BT 251.47 631.82 Td (using ) Tj ET Q q 0 0 0 rg BT 275.73 631.82 Td (the ) Tj ET Q q 0 0 0 rg BT 290.54 631.82 Td (ratio ) Tj ET Q q 0 0 0 rg BT 311.46 631.82 Td (of ) Tj ET Q q 0 0 0 rg BT 322.38 631.82 Td (one ) Tj ET Q q 0 0 0 rg BT 339.41 631.82 Td (barrel ) Tj ET Q q 0 0 0 rg BT 365.32 631.82 Td (of ) Tj ET Q q 0 0 0 rg BT 376.24 631.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 401.04 631.82 Td (oil, ) Tj ET Q q 0 0 0 rg BT 416.69 631.82 Td (condensate ) Tj ET Q q 0 0 0 rg BT 463.70 631.82 Td (or ) Tj ET Q q 0 0 0 rg BT 474.63 631.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 504.98 631.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 520.90 631.82 Td (liquids ) Tj ET Q q 0 0 0 rg BT 550.72 631.82 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 621.82 Td (6 ) Tj ET Q q 0 0 0 rg BT 143.00 621.82 Td (Mcf ) Tj ET Q q 0 0 0 rg BT 162.16 621.82 Td (of ) Tj ET Q q 0 0 0 rg BT 172.99 621.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 203.25 621.82 Td (gas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 602.82 Td (BOE/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 602.82 Td (BOEs ) Tj ET Q q 0 0 0 rg BT 161.89 602.82 Td (produced ) Tj ET Q q 0 0 0 rg BT 201.60 602.82 Td (per ) Tj ET Q q 0 0 0 rg BT 216.87 602.82 Td (day) Tj ET Q q 0 0 0 rg BT 230.98 602.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.82 Td (Btu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 583.82 Td (British ) Tj ET Q q 0 0 0 rg BT 165.05 583.82 Td (thermal ) Tj ET Q q 0 0 0 rg BT 197.91 583.82 Td (unit, ) Tj ET Q q 0 0 0 rg BT 218.28 583.82 Td (which ) Tj ET Q q 0 0 0 rg BT 245.04 583.82 Td (is ) Tj ET Q q 0 0 0 rg BT 254.03 583.82 Td (the ) Tj ET Q q 0 0 0 rg BT 268.57 583.82 Td (heat ) Tj ET Q q 0 0 0 rg BT 287.54 583.82 Td (required ) Tj ET Q q 0 0 0 rg BT 323.18 583.82 Td (to ) Tj ET Q q 0 0 0 rg BT 333.27 583.82 Td (raise ) Tj ET Q q 0 0 0 rg BT 354.47 583.82 Td (the ) Tj ET Q q 0 0 0 rg BT 369.01 583.82 Td (temperature ) Tj ET Q q 0 0 0 rg BT 419.07 583.82 Td (of ) Tj ET Q q 0 0 0 rg BT 429.72 583.82 Td (a ) Tj ET Q q 0 0 0 rg BT 436.48 583.82 Td (one-pound ) Tj ET Q q 0 0 0 rg BT 481.57 583.82 Td (mass ) Tj ET Q q 0 0 0 rg BT 503.89 583.82 Td (of ) Tj ET Q q 0 0 0 rg BT 514.54 583.82 Td (water ) Tj ET Q q 0 0 0 rg BT 539.06 583.82 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 573.82 Td (58.5 ) Tj ET Q q 0 0 0 rg BT 155.50 573.82 Td (to ) Tj ET Q q 0 0 0 rg BT 165.78 573.82 Td (59.5 ) Tj ET Q q 0 0 0 rg BT 185.78 573.82 Td (degrees ) Tj ET Q q 0 0 0 rg BT 218.82 573.82 Td (Fahrenheit ) Tj ET Q q 0 0 0 rg BT 264.08 573.82 Td (\(�F\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 66.39 553.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 554.82 Td (Carbon ) Tj ET Q q 0 0 0 rg BT 167.44 554.82 Td (dioxide.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 535.82 Td (EOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 535.82 Td (Enhanced ) Tj ET Q q 0 0 0 rg BT 177.81 535.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 191.25 535.82 Td (recovery) Tj ET Q q 0 0 0 rg BT 225.58 535.82 Td (. ) Tj ET Q q 0 0 0 rg BT 230.97 535.82 Td ( ) Tj ET Q q 0 0 0 rg BT 233.86 535.82 Td (In ) Tj ET Q q 0 0 0 rg BT 245.07 535.82 Td (the ) Tj ET Q q 0 0 0 rg BT 260.18 535.82 Td (context ) Tj ET Q q 0 0 0 rg BT 292.50 535.82 Td (of ) Tj ET Q q 0 0 0 rg BT 303.71 535.82 Td (our ) Tj ET Q q 0 0 0 rg BT 319.93 535.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 333.38 535.82 Td (production, ) Tj ET Q q 0 0 0 rg BT 382.09 535.82 Td (EOR ) Tj ET Q q 0 0 0 rg BT 404.98 535.82 Td (is ) Tj ET Q q 0 0 0 rg BT 414.53 535.82 Td (also ) Tj ET Q q 0 0 0 rg BT 433.53 535.82 Td (referred ) Tj ET Q q 0 0 0 rg BT 468.05 535.82 Td (to ) Tj ET Q q 0 0 0 rg BT 478.72 535.82 Td (as ) Tj ET Q q 0 0 0 rg BT 489.93 535.82 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 521.69 535.82 Td (recovery) Tj ET Q q 0 0 0 rg BT 556.02 535.82 Td (. ) Tj ET Q q 0 0 0 rg BT 561.02 535.82 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 525.82 Td (Primary ) Tj ET Q q 0 0 0 rg BT 170.33 525.82 Td (types ) Tj ET Q q 0 0 0 rg BT 194.05 525.82 Td (of ) Tj ET Q q 0 0 0 rg BT 205.00 525.82 Td (EOR ) Tj ET Q q 0 0 0 rg BT 227.61 525.82 Td (include ) Tj ET Q q 0 0 0 rg BT 259.66 525.82 Td (thermal, ) Tj ET Q q 0 0 0 rg BT 295.31 525.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 311.26 525.82 Td (injection ) Tj ET Q q 0 0 0 rg BT 348.86 525.82 Td (\(such ) Tj ET Q q 0 0 0 rg BT 373.14 525.82 Td (as ) Tj ET Q q 0 0 0 rg BT 384.08 525.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 414.46 525.82 Td (gas, ) Tj ET Q q 0 0 0 rg BT 432.90 525.82 Td (nitrogen, ) Tj ET Q q 0 0 0 rg BT 471.34 525.82 Td (or ) Tj ET Q q 0 0 0 rg BT 482.28 525.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 496.17 524.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.42 525.82 Td (\) ) Tj ET Q q 0 0 0 rg BT 505.37 525.82 Td (and ) Tj ET Q q 0 0 0 rg BT 522.42 525.82 Td (chemical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 515.82 Td (injection ) Tj ET Q q 0 0 0 rg BT 172.99 515.82 Td (\(such ) Tj ET Q q 0 0 0 rg BT 197.15 515.82 Td (as ) Tj ET Q q 0 0 0 rg BT 207.98 515.82 Td (the ) Tj ET Q q 0 0 0 rg BT 222.70 515.82 Td (use ) Tj ET Q q 0 0 0 rg BT 238.53 515.82 Td (of ) Tj ET Q q 0 0 0 rg BT 249.36 515.82 Td (polymers\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.82 Td (Finding and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 486.82 Td (development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 496.82 Td (The ) Tj ET Q q 0 0 0 rg BT 153.98 496.82 Td (average ) Tj ET Q q 0 0 0 rg BT 188.00 496.82 Td (cost ) Tj ET Q q 0 0 0 rg BT 207.05 496.82 Td (per ) Tj ET Q q 0 0 0 rg BT 222.76 496.82 Td (BOE ) Tj ET Q q 0 0 0 rg BT 245.69 496.82 Td (to ) Tj ET Q q 0 0 0 rg BT 256.41 496.82 Td (find ) Tj ET Q q 0 0 0 rg BT 275.45 496.82 Td (and ) Tj ET Q q 0 0 0 rg BT 292.83 496.82 Td (develop ) Tj ET Q q 0 0 0 rg BT 327.42 496.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 358.13 496.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 393.82 496.82 Td (during ) Tj ET Q q 0 0 0 rg BT 422.87 496.82 Td (a ) Tj ET Q q 0 0 0 rg BT 430.24 496.82 Td (given ) Tj ET Q q 0 0 0 rg BT 455.40 496.82 Td (period. ) Tj ET Q q 0 0 0 rg BT 486.38 496.82 Td (It ) Tj ET Q q 0 0 0 rg BT 495.43 496.82 Td (is ) Tj ET Q q 0 0 0 rg BT 505.03 496.82 Td (calculated ) Tj ET Q q 0 0 0 rg BT 548.50 496.82 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 486.82 Td (dividing ) Tj ET Q q 0 0 0 rg BT 172.00 486.82 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 186.27 486.82 Td (costs, ) Tj ET Q q 0 0 0 rg BT 211.94 486.82 Td (which ) Tj ET Q q 0 0 0 rg BT 239.55 486.82 Td (include ) Tj ET Q q 0 0 0 rg BT 272.15 486.82 Td (the ) Tj ET Q q 0 0 0 rg BT 287.54 486.82 Td (sum ) Tj ET Q q 0 0 0 rg BT 307.38 486.82 Td (of ) Tj ET Q q 0 0 0 rg BT 318.87 486.82 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 331.48 486.82 Td (the ) Tj ET Q q 0 0 0 rg BT 346.87 486.82 Td (total ) Tj ET Q q 0 0 0 rg BT 367.81 486.82 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 417.36 486.82 Td (exploration ) Tj ET Q q 0 0 0 rg BT 466.07 486.82 Td (and ) Tj ET Q q 0 0 0 rg BT 483.68 486.82 Td (development ) Tj ET Q q 0 0 0 rg BT 538.50 486.82 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 476.82 Td (incurred ) Tj ET Q q 0 0 0 rg BT 172.37 476.82 Td (during ) Tj ET Q q 0 0 0 rg BT 202.04 476.82 Td (the ) Tj ET Q q 0 0 0 rg BT 217.81 476.82 Td (period ) Tj ET Q q 0 0 0 rg BT 246.92 476.82 Td (plus ) Tj ET Q q 0 0 0 rg BT 267.14 476.82 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 282.92 476.82 Td (future ) Tj ET Q q 0 0 0 rg BT 310.35 476.82 Td (development ) Tj ET Q q 0 0 0 rg BT 365.56 476.82 Td (and ) Tj ET Q q 0 0 0 rg BT 383.55 476.82 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 440.98 476.82 Td (costs ) Tj ET Q q 0 0 0 rg BT 464.54 476.82 Td (related ) Tj ET Q q 0 0 0 rg BT 495.30 476.82 Td (to ) Tj ET Q q 0 0 0 rg BT 506.64 476.82 Td (the ) Tj ET Q q 0 0 0 rg BT 522.41 476.82 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 466.82 Td (property ) Tj ET Q q 0 0 0 rg BT 171.90 466.82 Td (or ) Tj ET Q q 0 0 0 rg BT 182.75 466.82 Td (group ) Tj ET Q q 0 0 0 rg BT 208.60 466.82 Td (of ) Tj ET Q q 0 0 0 rg BT 219.45 466.82 Td (properties, ) Tj ET Q q 0 0 0 rg BT 264.45 466.82 Td (by ) Tj ET Q q 0 0 0 rg BT 276.97 466.82 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 291.15 466.82 Td (the ) Tj ET Q q 0 0 0 rg BT 305.89 466.82 Td (sum ) Tj ET Q q 0 0 0 rg BT 325.08 466.82 Td (of ) Tj ET Q q 0 0 0 rg BT 335.92 466.82 Td (\(i\)�the ) Tj ET Q q 0 0 0 rg BT 362.60 466.82 Td (change ) Tj ET Q q 0 0 0 rg BT 393.43 466.82 Td (in ) Tj ET Q q 0 0 0 rg BT 403.73 466.82 Td (total ) Tj ET Q q 0 0 0 rg BT 424.03 466.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 454.31 466.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 489.59 466.82 Td (during ) Tj ET Q q 0 0 0 rg BT 518.22 466.82 Td (the ) Tj ET Q q 0 0 0 rg BT 532.96 466.82 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 456.82 Td (plus ) Tj ET Q q 0 0 0 rg BT 154.67 456.82 Td (\(ii\)�total ) Tj ET Q q 0 0 0 rg BT 189.66 456.82 Td (production ) Tj ET Q q 0 0 0 rg BT 235.49 456.82 Td (during ) Tj ET Q q 0 0 0 rg BT 264.09 456.82 Td (that ) Tj ET Q q 0 0 0 rg BT 281.59 456.82 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.82 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 437.82 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 184.66 437.82 Td (principles ) Tj ET Q q 0 0 0 rg BT 226.59 437.82 Td (generally ) Tj ET Q q 0 0 0 rg BT 266.29 437.82 Td (accepted ) Tj ET Q q 0 0 0 rg BT 303.76 437.82 Td (in ) Tj ET Q q 0 0 0 rg BT 314.04 437.82 Td (the ) Tj ET Q q 0 0 0 rg BT 328.76 437.82 Td (United ) Tj ET Q q 0 0 0 rg BT 358.47 437.82 Td (States ) Tj ET Q q 0 0 0 rg BT 384.86 437.82 Td (of ) Tj ET Q q 0 0 0 rg BT 395.41 437.82 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 418.82 Td (MBbls) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 418.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 418.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.27 418.82 Td (barrels ) Tj ET Q q 0 0 0 rg BT 222.98 418.82 Td (of ) Tj ET Q q 0 0 0 rg BT 233.81 418.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 258.51 418.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.57 418.82 Td (or ) Tj ET Q q 0 0 0 rg BT 282.40 418.82 Td (other ) Tj ET Q q 0 0 0 rg BT 305.45 418.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 331.28 418.82 Td (hydrocarbons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 399.82 Td (MBOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 399.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 399.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.27 399.82 Td (BOEs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 380.82 Td (Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 380.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.95 380.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.85 380.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 218.29 380.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 236.07 380.82 Td (of ) Tj ET Q q 0 0 0 rg BT 247.19 380.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 277.74 380.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 293.86 380.82 Td (or ) Tj ET Q q 0 0 0 rg BT 304.98 380.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 318.87 379.39 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.93 380.82 Td (at ) Tj ET Q q 0 0 0 rg BT 333.94 380.82 Td (a ) Tj ET Q q 0 0 0 rg BT 341.17 380.82 Td (temperature ) Tj ET Q q 0 0 0 rg BT 391.71 380.82 Td (base ) Tj ET Q q 0 0 0 rg BT 412.26 380.82 Td (of ) Tj ET Q q 0 0 0 rg BT 423.38 380.82 Td (60 ) Tj ET Q q 0 0 0 rg BT 436.17 380.82 Td (degrees ) Tj ET Q q 0 0 0 rg BT 469.50 380.82 Td (Fahrenheit ) Tj ET Q q 0 0 0 rg BT 515.05 380.82 Td (\(�F\) ) Tj ET Q q 0 0 0 rg BT 534.06 380.82 Td (and ) Tj ET Q q 0 0 0 rg BT 551.29 380.82 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 370.82 Td (the ) Tj ET Q q 0 0 0 rg BT 150.31 370.82 Td (legal ) Tj ET Q q 0 0 0 rg BT 172.33 370.82 Td (pressure ) Tj ET Q q 0 0 0 rg BT 208.25 370.82 Td (base ) Tj ET Q q 0 0 0 rg BT 228.61 370.82 Td (\(14.65 ) Tj ET Q q 0 0 0 rg BT 257.03 370.82 Td (to ) Tj ET Q q 0 0 0 rg BT 267.40 370.82 Td (15.025 ) Tj ET Q q 0 0 0 rg BT 297.49 370.82 Td (pounds ) Tj ET Q q 0 0 0 rg BT 328.97 370.82 Td (per ) Tj ET Q q 0 0 0 rg BT 344.33 370.82 Td (square ) Tj ET Q q 0 0 0 rg BT 373.02 370.82 Td (inch ) Tj ET Q q 0 0 0 rg BT 392.83 370.82 Td (absolute\) ) Tj ET Q q 0 0 0 rg BT 432.08 370.82 Td (of ) Tj ET Q q 0 0 0 rg BT 443.00 370.82 Td (the ) Tj ET Q q 0 0 0 rg BT 457.81 370.82 Td (state ) Tj ET Q q 0 0 0 rg BT 478.73 370.82 Td (or ) Tj ET Q q 0 0 0 rg BT 489.65 370.82 Td (area ) Tj ET Q q 0 0 0 rg BT 508.89 370.82 Td (in ) Tj ET Q q 0 0 0 rg BT 519.26 370.82 Td (which ) Tj ET Q q 0 0 0 rg BT 546.29 370.82 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 360.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 170.76 360.82 Td (are ) Tj ET Q q 0 0 0 rg BT 185.47 360.82 Td (located ) Tj ET Q q 0 0 0 rg BT 216.84 360.82 Td (or ) Tj ET Q q 0 0 0 rg BT 227.67 360.82 Td (sales ) Tj ET Q q 0 0 0 rg BT 249.61 360.82 Td (are ) Tj ET Q q 0 0 0 rg BT 264.31 360.82 Td (made.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 341.82 Td (Mcf/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 341.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 341.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.27 341.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 217.42 341.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 234.91 341.82 Td (of ) Tj ET Q q 0 0 0 rg BT 245.74 341.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 276.00 341.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.83 341.82 Td (or ) Tj ET Q q 0 0 0 rg BT 302.66 341.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 316.55 340.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 341.82 Td ( ) Tj ET Q q 0 0 0 rg BT 322.30 341.82 Td (per ) Tj ET Q q 0 0 0 rg BT 337.57 341.82 Td (day) Tj ET Q q 0 0 0 rg BT 351.36 341.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 322.82 Td (MMBbls) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 322.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 322.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 322.82 Td (barrels ) Tj ET Q q 0 0 0 rg BT 215.76 322.82 Td (of ) Tj ET Q q 0 0 0 rg BT 226.59 322.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 251.30 322.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 264.35 322.82 Td (or ) Tj ET Q q 0 0 0 rg BT 275.18 322.82 Td (other ) Tj ET Q q 0 0 0 rg BT 298.23 322.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 324.06 322.82 Td (hydrocarbons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 303.82 Td (MMBOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 303.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 303.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 303.82 Td (BOEs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 284.82 Td (MMBtu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 284.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 284.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 284.82 Td (Btus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 265.82 Td (MMcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 265.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 265.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 265.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 210.21 265.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 227.69 265.82 Td (of ) Tj ET Q q 0 0 0 rg BT 238.52 265.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 268.79 265.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 284.62 265.82 Td (or ) Tj ET Q q 0 0 0 rg BT 295.45 265.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 309.34 264.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.59 265.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 246.82 Td (MMcf/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 246.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 246.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 246.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 210.21 246.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 227.69 246.82 Td (of ) Tj ET Q q 0 0 0 rg BT 238.52 246.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 268.79 246.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 284.62 246.82 Td (or ) Tj ET Q q 0 0 0 rg BT 295.45 246.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 309.34 245.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.59 246.82 Td ( ) Tj ET Q q 0 0 0 rg BT 315.09 246.82 Td (produced ) Tj ET Q q 0 0 0 rg BT 354.79 246.82 Td (per ) Tj ET Q q 0 0 0 rg BT 370.06 246.82 Td (day) Tj ET Q q 0 0 0 rg BT 383.85 246.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 227.82 Td (Noncash fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 217.82 Td (gains \(losses\) on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 207.82 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 197.82 Td (derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 227.82 Td (The ) Tj ET Q q 0 0 0 rg BT 153.31 227.82 Td (net ) Tj ET Q q 0 0 0 rg BT 167.78 227.82 Td (change ) Tj ET Q q 0 0 0 rg BT 198.36 227.82 Td (during ) Tj ET Q q 0 0 0 rg BT 226.73 227.82 Td (the ) Tj ET Q q 0 0 0 rg BT 241.20 227.82 Td (period ) Tj ET Q q 0 0 0 rg BT 269.01 227.82 Td (in ) Tj ET Q q 0 0 0 rg BT 279.05 227.82 Td (the ) Tj ET Q q 0 0 0 rg BT 293.52 227.82 Td (fair ) Tj ET Q q 0 0 0 rg BT 309.66 227.82 Td (market ) Tj ET Q q 0 0 0 rg BT 339.68 227.82 Td (value ) Tj ET Q q 0 0 0 rg BT 363.60 227.82 Td (of ) Tj ET Q q 0 0 0 rg BT 374.19 227.82 Td (commodity ) Tj ET Q q 0 0 0 rg BT 422.00 227.82 Td (derivative ) Tj ET Q q 0 0 0 rg BT 464.24 227.82 Td (positions. ) Tj ET Q q 0 0 0 rg BT 505.12 227.82 Td ( ) Tj ET Q q 0 0 0 rg BT 507.38 227.82 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 544.63 227.82 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 217.82 Td (value ) Tj ET Q q 0 0 0 rg BT 160.36 217.82 Td (gains ) Tj ET Q q 0 0 0 rg BT 184.67 217.82 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 218.42 217.82 Td (on ) Tj ET Q q 0 0 0 rg BT 231.62 217.82 Td (commodity ) Tj ET Q q 0 0 0 rg BT 280.38 217.82 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 327.45 217.82 Td (is ) Tj ET Q q 0 0 0 rg BT 337.32 217.82 Td (a ) Tj ET Q q 0 0 0 rg BT 344.96 217.82 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 390.15 217.82 Td ( ) Tj ET Q q 0 0 0 rg BT 393.35 217.82 Td (measure ) Tj ET Q q 0 0 0 rg BT 429.87 217.82 Td (and ) Tj ET Q q 0 0 0 rg BT 447.51 217.82 Td (makes ) Tj ET Q q 0 0 0 rg BT 476.26 217.82 Td (up ) Tj ET Q q 0 0 0 rg BT 489.46 217.82 Td (only ) Tj ET Q q 0 0 0 rg BT 510.44 217.82 Td (a ) Tj ET Q q 0 0 0 rg BT 518.08 217.82 Td (portion ) Tj ET Q q 0 0 0 rg BT 550.17 217.82 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 207.82 Td (�Commodity ) Tj ET Q q 0 0 0 rg BT 191.56 207.82 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 239.28 207.82 Td (expense ) Tj ET Q q 0 0 0 rg BT 275.33 207.82 Td (\(income\)� ) Tj ET Q q 0 0 0 rg BT 319.70 207.82 Td (in ) Tj ET Q q 0 0 0 rg BT 331.32 207.82 Td (the ) Tj ET Q q 0 0 0 rg BT 347.38 207.82 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 404.00 207.82 Td (Statements ) Tj ET Q q 0 0 0 rg BT 451.72 207.82 Td (of ) Tj ET Q q 0 0 0 rg BT 463.89 207.82 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 514.11 207.82 Td (which ) Tj ET Q q 0 0 0 rg BT 542.39 207.82 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 197.82 Td (includes ) Tj ET Q q 0 0 0 rg BT 171.05 197.82 Td (the ) Tj ET Q q 0 0 0 rg BT 185.49 197.82 Td (impact ) Tj ET Q q 0 0 0 rg BT 214.93 197.82 Td (of ) Tj ET Q q 0 0 0 rg BT 225.49 197.82 Td (settlements ) Tj ET Q q 0 0 0 rg BT 272.70 197.82 Td (on ) Tj ET Q q 0 0 0 rg BT 284.93 197.82 Td (commodity ) Tj ET Q q 0 0 0 rg BT 332.71 197.82 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 378.80 197.82 Td (during ) Tj ET Q q 0 0 0 rg BT 407.14 197.82 Td (the ) Tj ET Q q 0 0 0 rg BT 421.58 197.82 Td (period. ) Tj ET Q q 0 0 0 rg BT 451.85 197.82 Td ( ) Tj ET Q q 0 0 0 rg BT 454.08 197.82 Td (Its ) Tj ET Q q 0 0 0 rg BT 466.30 197.82 Td (use ) Tj ET Q q 0 0 0 rg BT 481.86 197.82 Td (is ) Tj ET Q q 0 0 0 rg BT 490.75 197.82 Td (further ) Tj ET Q q 0 0 0 rg BT 520.19 197.82 Td (discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 187.82 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 146.10 187.82 Td (Management�) Tj ET Q q 0 0 0 rg BT 200.35 187.82 Td (s ) Tj ET Q q 0 0 0 rg BT 207.06 187.82 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 253.78 187.82 Td (and ) Tj ET Q q 0 0 0 rg BT 271.39 187.82 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 308.10 187.82 Td (of ) Tj ET Q q 0 0 0 rg BT 318.70 187.82 Td (Financial ) Tj ET Q q 0 0 0 rg BT 360.41 187.82 Td (Condition ) Tj ET Q q 0 0 0 rg BT 403.24 187.82 Td (and ) Tj ET Q q 0 0 0 rg BT 421.06 187.82 Td (Results ) Tj ET Q q 0 0 0 rg BT 452.77 187.82 Td (of ) Tj ET Q q 0 0 0 rg BT 463.37 187.82 Td (Operations ) Tj ET Q q 0 0 0 rg BT 511.19 187.82 Td (� ) Tj ET Q q 0 0 0 rg BT 519.01 187.82 Td (Results ) Tj ET Q q 0 0 0 rg BT 550.72 187.82 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 135.50 177.81 Td (Operations ) Tj ET Q q 0 0 0 rg BT 183.00 177.81 Td (� ) Tj ET Q q 0 0 0 rg BT 190.50 177.81 Td (Operating ) Tj ET Q q 0 0 0 rg BT 234.11 177.81 Td (Results ) Tj ET Q q 0 0 0 rg BT 265.50 177.81 Td (T) Tj ET Q q 0 0 0 rg BT 270.14 177.81 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.36 177.81 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 158.82 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 158.82 Td (The ) Tj ET Q q 0 0 0 rg BT 154.06 158.82 Td (New ) Tj ET Q q 0 0 0 rg BT 175.70 158.82 Td (Y) Tj ET Q q 0 0 0 rg BT 182.24 158.82 Td (ork ) Tj ET Q q 0 0 0 rg BT 198.08 158.82 Td (Mercantile ) Tj ET Q q 0 0 0 rg BT 244.41 158.82 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 289.35 158.82 Td ( ) Tj ET Q q 0 0 0 rg BT 292.37 158.82 Td (In ) Tj ET Q q 0 0 0 rg BT 303.71 158.82 Td (the ) Tj ET Q q 0 0 0 rg BT 318.95 158.82 Td (context ) Tj ET Q q 0 0 0 rg BT 351.40 158.82 Td (of ) Tj ET Q q 0 0 0 rg BT 362.74 158.82 Td (prices ) Tj ET Q q 0 0 0 rg BT 389.64 158.82 Td (received ) Tj ET Q q 0 0 0 rg BT 426.52 158.82 Td (for ) Tj ET Q q 0 0 0 rg BT 441.19 158.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 454.77 158.82 Td (and ) Tj ET Q q 0 0 0 rg BT 472.22 158.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 503.00 158.82 Td (gas, ) Tj ET Q q 0 0 0 rg BT 521.85 158.82 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 148.82 Td (prices ) Tj ET Q q 0 0 0 rg BT 161.19 148.82 Td (represent ) Tj ET Q q 0 0 0 rg BT 199.65 148.82 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 148.82 Td (W) Tj ET Q q 0 0 0 rg BT 222.58 148.82 Td (est ) Tj ET Q q 0 0 0 rg BT 235.06 148.82 Td (T) Tj ET Q q 0 0 0 rg BT 240.73 148.82 Td (exas ) Tj ET Q q 0 0 0 rg BT 259.97 148.82 Td (Intermediate ) Tj ET Q q 0 0 0 rg BT 312.31 148.82 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 358.54 148.82 Td (price ) Tj ET Q q 0 0 0 rg BT 380.34 148.82 Td (for ) Tj ET Q q 0 0 0 rg BT 393.81 148.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 417.83 148.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 430.20 148.82 Td (and ) Tj ET Q q 0 0 0 rg BT 446.46 148.82 Td (Henry ) Tj ET Q q 0 0 0 rg BT 473.26 148.82 Td (Hub ) Tj ET Q q 0 0 0 rg BT 492.29 148.82 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 538.53 148.82 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 138.82 Td (for ) Tj ET Q q 0 0 0 rg BT 149.66 138.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 179.92 138.82 Td (gas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 119.82 Td (Probable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 109.82 Td (Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 119.82 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 173.46 119.82 Td (that ) Tj ET Q q 0 0 0 rg BT 190.32 119.82 Td (are ) Tj ET Q q 0 0 0 rg BT 204.40 119.82 Td (less ) Tj ET Q q 0 0 0 rg BT 221.26 119.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.33 119.82 Td (to ) Tj ET Q q 0 0 0 rg BT 259.97 119.82 Td (be ) Tj ET Q q 0 0 0 rg BT 271.28 119.82 Td (recovered ) Tj ET Q q 0 0 0 rg BT 312.56 119.82 Td (than ) Tj ET Q q 0 0 0 rg BT 331.64 119.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 361.27 119.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 395.90 119.82 Td (but ) Tj ET Q q 0 0 0 rg BT 410.54 119.82 Td (which, ) Tj ET Q q 0 0 0 rg BT 439.34 119.82 Td (together ) Tj ET Q q 0 0 0 rg BT 473.97 119.82 Td (with ) Tj ET Q q 0 0 0 rg BT 493.62 119.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 523.25 119.82 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 109.82 Td (are ) Tj ET Q q 0 0 0 rg BT 150.21 109.82 Td (as ) Tj ET Q q 0 0 0 rg BT 161.04 109.82 Td (likely ) Tj ET Q q 0 0 0 rg BT 186.31 109.82 Td (as ) Tj ET Q q 0 0 0 rg BT 197.14 109.82 Td (not ) Tj ET Q q 0 0 0 rg BT 212.42 109.82 Td (to ) Tj ET Q q 0 0 0 rg BT 222.70 109.82 Td (be ) Tj ET Q q 0 0 0 rg BT 234.64 109.82 Td (recovered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 90.82 Td (Proved Developed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 80.82 Td (Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 90.82 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 173.51 90.82 Td (that ) Tj ET Q q 0 0 0 rg BT 190.42 90.82 Td (can ) Tj ET Q q 0 0 0 rg BT 206.21 90.82 Td (be ) Tj ET Q q 0 0 0 rg BT 217.56 90.82 Td (expected ) Tj ET Q q 0 0 0 rg BT 255.01 90.82 Td (to ) Tj ET Q q 0 0 0 rg BT 264.70 90.82 Td (be ) Tj ET Q q 0 0 0 rg BT 276.05 90.82 Td (recovered ) Tj ET Q q 0 0 0 rg BT 317.38 90.82 Td (through ) Tj ET Q q 0 0 0 rg BT 350.40 90.82 Td (existing ) Tj ET Q q 0 0 0 rg BT 383.98 90.82 Td (wells ) Tj ET Q q 0 0 0 rg BT 407.00 90.82 Td (with ) Tj ET Q q 0 0 0 rg BT 426.69 90.82 Td (existing ) Tj ET Q q 0 0 0 rg BT 460.27 90.82 Td (equipment ) Tj ET Q q 0 0 0 rg BT 504.39 90.82 Td (and ) Tj ET Q q 0 0 0 rg BT 520.74 90.82 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 80.82 Td (methods.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 722.57 Td (Proved Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 722.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 174.36 722.57 Td (that ) Tj ET Q q 0 0 0 rg BT 192.13 722.57 Td (geological ) Tj ET Q q 0 0 0 rg BT 236.54 722.57 Td (and ) Tj ET Q q 0 0 0 rg BT 253.75 722.57 Td (engineering ) Tj ET Q q 0 0 0 rg BT 303.72 722.57 Td (data ) Tj ET Q q 0 0 0 rg BT 323.14 722.57 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 374.77 722.57 Td (with ) Tj ET Q q 0 0 0 rg BT 395.32 722.57 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 440.84 722.57 Td (certainty ) Tj ET Q q 0 0 0 rg BT 478.59 722.57 Td (to ) Tj ET Q q 0 0 0 rg BT 489.13 722.57 Td (be ) Tj ET Q q 0 0 0 rg BT 501.33 722.57 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 550.73 722.57 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 712.57 Td (future ) Tj ET Q q 0 0 0 rg BT 161.88 712.57 Td (years ) Tj ET Q q 0 0 0 rg BT 185.48 712.57 Td (from ) Tj ET Q q 0 0 0 rg BT 207.41 712.57 Td (known ) Tj ET Q q 0 0 0 rg BT 237.14 712.57 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 279.06 712.57 Td (under ) Tj ET Q q 0 0 0 rg BT 304.33 712.57 Td (existing ) Tj ET Q q 0 0 0 rg BT 338.50 712.57 Td (economic ) Tj ET Q q 0 0 0 rg BT 379.87 712.57 Td (and ) Tj ET Q q 0 0 0 rg BT 396.81 712.57 Td (operating ) Tj ET Q q 0 0 0 rg BT 437.07 712.57 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 693.57 Td (Proved) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 683.57 Td (Undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 673.57 Td (Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 693.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 174.12 693.57 Td (that ) Tj ET Q q 0 0 0 rg BT 191.64 693.57 Td (are ) Tj ET Q q 0 0 0 rg BT 206.37 693.57 Td (expected ) Tj ET Q q 0 0 0 rg BT 244.43 693.57 Td (to ) Tj ET Q q 0 0 0 rg BT 254.73 693.57 Td (be ) Tj ET Q q 0 0 0 rg BT 266.69 693.57 Td (recovered ) Tj ET Q q 0 0 0 rg BT 308.63 693.57 Td (from ) Tj ET Q q 0 0 0 rg BT 330.59 693.57 Td (new ) Tj ET Q q 0 0 0 rg BT 349.77 693.57 Td (wells ) Tj ET Q q 0 0 0 rg BT 373.41 693.57 Td (on ) Tj ET Q q 0 0 0 rg BT 385.93 693.57 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 424.56 693.57 Td (acreage ) Tj ET Q q 0 0 0 rg BT 457.60 693.57 Td (or ) Tj ET Q q 0 0 0 rg BT 468.46 693.57 Td (from ) Tj ET Q q 0 0 0 rg BT 490.42 693.57 Td (existing ) Tj ET Q q 0 0 0 rg BT 524.61 693.57 Td (wells, ) Tj ET Q q 0 0 0 rg BT 550.74 693.57 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 683.57 Td (each ) Tj ET Q q 0 0 0 rg BT 156.32 683.57 Td (case ) Tj ET Q q 0 0 0 rg BT 176.02 683.57 Td (where ) Tj ET Q q 0 0 0 rg BT 202.95 683.57 Td (a ) Tj ET Q q 0 0 0 rg BT 209.89 683.57 Td (relatively ) Tj ET Q q 0 0 0 rg BT 250.15 683.57 Td (major ) Tj ET Q q 0 0 0 rg BT 275.97 683.57 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 325.68 683.57 Td (is ) Tj ET Q q 0 0 0 rg BT 334.85 683.57 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.57 Td (PV) Tj ET Q q 0 0 0 rg BT 64.82 654.57 Td (-10 ) Tj ET Q q 0 0 0 rg BT 80.10 654.57 Td (V) Tj ET Q q 0 0 0 rg BT 86.68 654.57 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 654.57 Td (The ) Tj ET Q q 0 0 0 rg BT 153.00 654.57 Td (estimated ) Tj ET Q q 0 0 0 rg BT 193.27 654.57 Td (future ) Tj ET Q q 0 0 0 rg BT 219.10 654.57 Td (gross ) Tj ET Q q 0 0 0 rg BT 242.16 654.57 Td (revenue ) Tj ET Q q 0 0 0 rg BT 275.76 654.57 Td (to ) Tj ET Q q 0 0 0 rg BT 285.49 654.57 Td (be ) Tj ET Q q 0 0 0 rg BT 296.87 654.57 Td (generated ) Tj ET Q q 0 0 0 rg BT 337.69 654.57 Td (from ) Tj ET Q q 0 0 0 rg BT 359.08 654.57 Td (the ) Tj ET Q q 0 0 0 rg BT 373.24 654.57 Td (production ) Tj ET Q q 0 0 0 rg BT 418.52 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 428.80 654.57 Td (proved ) Tj ET Q q 0 0 0 rg BT 458.52 654.57 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 495.73 654.57 Td (net ) Tj ET Q q 0 0 0 rg BT 509.90 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 520.18 654.57 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 644.57 Td (future ) Tj ET Q q 0 0 0 rg BT 161.99 644.57 Td (production, ) Tj ET Q q 0 0 0 rg BT 210.43 644.57 Td (development ) Tj ET Q q 0 0 0 rg BT 264.69 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 281.74 644.57 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 338.22 644.57 Td (costs, ) Tj ET Q q 0 0 0 rg BT 363.34 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 380.39 644.57 Td (before ) Tj ET Q q 0 0 0 rg BT 408.54 644.57 Td (income ) Tj ET Q q 0 0 0 rg BT 440.58 644.57 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 466.24 644.57 Td (discounted ) Tj ET Q q 0 0 0 rg BT 512.18 644.57 Td (to ) Tj ET Q q 0 0 0 rg BT 522.57 644.57 Td (a ) Tj ET Q q 0 0 0 rg BT 529.62 644.57 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 634.57 Td (value ) Tj ET Q q 0 0 0 rg BT 159.17 634.57 Td (using ) Tj ET Q q 0 0 0 rg BT 182.86 634.57 Td (an ) Tj ET Q q 0 0 0 rg BT 194.31 634.57 Td (annual ) Tj ET Q q 0 0 0 rg BT 222.99 634.57 Td (discount ) Tj ET Q q 0 0 0 rg BT 258.89 634.57 Td (rate ) Tj ET Q q 0 0 0 rg BT 275.89 634.57 Td (of ) Tj ET Q q 0 0 0 rg BT 286.24 634.57 Td (10%. ) Tj ET Q q 0 0 0 rg BT 309.08 634.57 Td ( ) Tj ET Q q 0 0 0 rg BT 311.10 634.57 Td (PV) Tj ET Q q 0 0 0 rg BT 322.97 634.57 Td (-10 ) Tj ET Q q 0 0 0 rg BT 338.17 634.57 Td (V) Tj ET Q q 0 0 0 rg BT 344.28 634.57 Td (alues ) Tj ET Q q 0 0 0 rg BT 366.84 634.57 Td (were ) Tj ET Q q 0 0 0 rg BT 388.29 634.57 Td (prepared ) Tj ET Q q 0 0 0 rg BT 425.28 634.57 Td (using ) Tj ET Q q 0 0 0 rg BT 448.97 634.57 Td (average ) Tj ET Q q 0 0 0 rg BT 482.07 634.57 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 534.62 634.57 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 624.57 Td (equal ) Tj ET Q q 0 0 0 rg BT 159.37 624.57 Td (to ) Tj ET Q q 0 0 0 rg BT 169.36 624.57 Td (the ) Tj ET Q q 0 0 0 rg BT 183.79 624.57 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 232.65 624.57 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 275.40 624.57 Td (average ) Tj ET Q q 0 0 0 rg BT 308.70 624.57 Td (of ) Tj ET Q q 0 0 0 rg BT 319.24 624.57 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 371.99 624.57 Td (prices ) Tj ET Q q 0 0 0 rg BT 398.08 624.57 Td (on ) Tj ET Q q 0 0 0 rg BT 410.29 624.57 Td (the ) Tj ET Q q 0 0 0 rg BT 424.72 624.57 Td (first ) Tj ET Q q 0 0 0 rg BT 443.04 624.57 Td (day ) Tj ET Q q 0 0 0 rg BT 459.69 624.57 Td (of ) Tj ET Q q 0 0 0 rg BT 470.23 624.57 Td (each ) Tj ET Q q 0 0 0 rg BT 490.76 624.57 Td (month ) Tj ET Q q 0 0 0 rg BT 518.53 624.57 Td (within ) Tj ET Q q 0 0 0 rg BT 546.30 624.57 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 614.57 Td (12-month ) Tj ET Q q 0 0 0 rg BT 176.80 614.57 Td (period ) Tj ET Q q 0 0 0 rg BT 204.75 614.57 Td (preceding ) Tj ET Q q 0 0 0 rg BT 246.59 614.57 Td (the ) Tj ET Q q 0 0 0 rg BT 261.21 614.57 Td (reporting ) Tj ET Q q 0 0 0 rg BT 300.28 614.57 Td (date.��PV) Tj ET Q q 0 0 0 rg BT 336.30 614.57 Td (-10 ) Tj ET Q q 0 0 0 rg BT 351.86 614.57 Td (V) Tj ET Q q 0 0 0 rg BT 357.98 614.57 Td (alue ) Tj ET Q q 0 0 0 rg BT 377.04 614.57 Td (is ) Tj ET Q q 0 0 0 rg BT 386.12 614.57 Td (a ) Tj ET Q q 0 0 0 rg BT 392.97 614.57 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 438.16 614.57 Td ( ) Tj ET Q q 0 0 0 rg BT 440.56 614.57 Td (measure ) Tj ET Q q 0 0 0 rg BT 476.29 614.57 Td (and ) Tj ET Q q 0 0 0 rg BT 493.14 614.57 Td (does ) Tj ET Q q 0 0 0 rg BT 513.88 614.57 Td (not ) Tj ET Q q 0 0 0 rg BT 529.07 614.57 Td (purport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 604.57 Td (to ) Tj ET Q q 0 0 0 rg BT 145.48 604.57 Td (represent ) Tj ET Q q 0 0 0 rg BT 184.32 604.57 Td (the ) Tj ET Q q 0 0 0 rg BT 198.74 604.57 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.81 604.57 Td (value ) Tj ET Q q 0 0 0 rg BT 238.67 604.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.20 604.57 Td (our ) Tj ET Q q 0 0 0 rg BT 264.72 604.57 Td (oil ) Tj ET Q q 0 0 0 rg BT 277.48 604.57 Td (and ) Tj ET Q q 0 0 0 rg BT 294.12 604.57 Td (natural ) Tj ET Q q 0 0 0 rg BT 324.08 604.57 Td (gas ) Tj ET Q q 0 0 0 rg BT 339.61 604.57 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 377.34 604.57 Td (its ) Tj ET Q q 0 0 0 rg BT 388.99 604.57 Td (use ) Tj ET Q q 0 0 0 rg BT 404.52 604.57 Td (is ) Tj ET Q q 0 0 0 rg BT 413.39 604.57 Td (further ) Tj ET Q q 0 0 0 rg BT 442.79 604.57 Td (discussed ) Tj ET Q q 0 0 0 rg BT 483.32 604.57 Td (in ) Tj ET Q q 0 0 0 rg BT 493.30 604.57 Td (Item ) Tj ET Q q 0 0 0 rg BT 513.82 604.57 Td (1, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 523.52 604.57 Td (Business ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 135.50 594.56 Td (and ) Tj ET Q q 0 0 0 rg BT 153.00 594.56 Td (Pr) Tj ET Q q 0 0 0 rg BT 162.63 594.56 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.85 594.56 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 197.35 594.56 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.35 594.56 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 204.85 594.56 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 250.21 594.56 Td ( ) Tj ET Q q 0 0 0 rg BT 252.71 594.56 Td (Financial ) Tj ET Q q 0 0 0 rg BT 294.09 594.56 Td (Measur) Tj ET Q q 0 0 0 rg BT 324.27 594.56 Td (es ) Tj ET Q q 0 0 0 rg BT 335.10 594.56 Td (and ) Tj ET Q q 0 0 0 rg BT 352.60 594.56 Td (Reconciliations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.81 594.56 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 575.57 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 575.57 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 575.57 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 575.57 Td (trillion ) Tj ET Q q 0 0 0 rg BT 184.38 575.57 Td (cubic ) Tj ET Q q 0 0 0 rg BT 208.54 575.57 Td (feet ) Tj ET Q q 0 0 0 rg BT 226.02 575.57 Td (of ) Tj ET Q q 0 0 0 rg BT 236.85 575.57 Td (natural ) Tj ET Q q 0 0 0 rg BT 267.12 575.57 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.95 575.57 Td (or ) Tj ET Q q 0 0 0 rg BT 293.78 575.57 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 307.67 574.14 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.92 575.57 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 556.57 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 556.57 Td (ertiary Recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 556.57 Td (A) Tj ET Q q 0 0 0 rg BT 142.17 556.57 Td ( ) Tj ET Q q 0 0 0 rg BT 144.80 556.57 Td (term ) Tj ET Q q 0 0 0 rg BT 165.76 556.57 Td (used ) Tj ET Q q 0 0 0 rg BT 186.73 556.57 Td (to ) Tj ET Q q 0 0 0 rg BT 197.14 556.57 Td (represent ) Tj ET Q q 0 0 0 rg BT 236.42 556.57 Td (techniques ) Tj ET Q q 0 0 0 rg BT 281.82 556.57 Td (for ) Tj ET Q q 0 0 0 rg BT 296.11 556.57 Td (extracting ) Tj ET Q q 0 0 0 rg BT 338.73 556.57 Td (incremental ) Tj ET Q q 0 0 0 rg BT 388.56 556.57 Td (oil ) Tj ET Q q 0 0 0 rg BT 401.75 556.57 Td (out ) Tj ET Q q 0 0 0 rg BT 417.16 556.57 Td (of ) Tj ET Q q 0 0 0 rg BT 428.13 556.57 Td (existing ) Tj ET Q q 0 0 0 rg BT 462.43 556.57 Td (oil ) Tj ET Q q 0 0 0 rg BT 475.62 556.57 Td (fields ) Tj ET Q q 0 0 0 rg BT 500.47 556.57 Td (\(as ) Tj ET Q q 0 0 0 rg BT 514.76 556.57 Td (opposed ) Tj ET Q q 0 0 0 rg BT 550.73 556.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 546.57 Td (primary ) Tj ET Q q 0 0 0 rg BT 169.66 546.57 Td (and ) Tj ET Q q 0 0 0 rg BT 186.59 546.57 Td (secondary ) Tj ET Q q 0 0 0 rg BT 229.63 546.57 Td (recovery ) Tj ET Q q 0 0 0 rg BT 267.11 546.57 Td (or ) Tj ET Q q 0 0 0 rg BT 277.94 546.57 Td (�non-tertiary� ) Tj ET Q q 0 0 0 rg BT 336.52 546.57 Td (recovery\). ) Tj ET Q q 0 0 0 rg BT 379.82 546.57 Td ( ) Tj ET Q q 0 0 0 rg BT 382.32 546.57 Td (See ) Tj ET Q q 0 0 0 rg BT 399.26 546.57 Td (also ) Tj ET Q q 0 0 0 rg BT 417.87 546.57 Td (�EOR.� ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.50 Td (* ) Tj ET Q q 0 0 0 rg BT 56.82 503.50 Td (This definition is an abbreviated version of the complete definition set forth in Rule�4-10\(a\) of Regulation S-X. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.50 Td (complete definition see: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.50 Td (http://www) Tj ET Q q 0 0 0 rg BT 94.41 479.50 Td (.ecfr) Tj ET Q q 0 0 0 rg BT 111.89 479.50 Td (.gov/cgi-bin/text-idx?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.50 Td (SID=2d916841db86d079fa060fa63b08d34e&mc=true&node=se17.3.210_14_610&r) Tj ET Q q 0 0 0 rg BT 389.52 467.50 Td (gn=div8.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 726.75 Td ( I) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 184.041015625 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item 1. Business and Pr) Tj ET Q q 0 0 0 rg BT 150.16 702.75 Td (operties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 105.77 654.75 Td (Resources ) Tj ET Q q 0 0 0 rg BT 150.14 654.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 171.19 654.75 Td (a ) Tj ET Q q 0 0 0 rg BT 178.90 654.75 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 220.48 654.75 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 272.35 654.75 Td (is ) Tj ET Q q 0 0 0 rg BT 282.30 654.75 Td (an ) Tj ET Q q 0 0 0 rg BT 295.01 654.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 347.16 654.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.00 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 378.71 654.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 409.75 654.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 426.36 654.75 Td (company ) Tj ET Q q 0 0 0 rg BT 466.29 654.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.34 654.75 Td (230.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.84 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 513.12 654.75 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 554.18 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.51 642.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 120.96 642.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 134.20 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 151.33 642.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 181.78 642.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 197.79 642.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 233.24 642.75 Td (as ) Tj ET Q q 0 0 0 rg BT 244.25 642.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.27 642.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 314.04 642.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.04 642.75 Td (, ) Tj ET Q q 0 0 0 rg BT 339.22 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 350.24 642.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.36 642.75 Td (98%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.69 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 398.38 642.75 Td (is ) Tj ET Q q 0 0 0 rg BT 407.73 642.75 Td (oil.��Our ) Tj ET Q q 0 0 0 rg BT 444.03 642.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.37 642.75 Td (are ) Tj ET Q q 0 0 0 rg BT 503.26 642.75 Td (focused ) Tj ET Q q 0 0 0 rg BT 537.04 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 547.51 642.75 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (key ) Tj ET Q q 0 0 0 rg BT 66.78 630.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 107.38 630.75 Td (areas: ) Tj ET Q q 0 0 0 rg BT 133.53 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.59 630.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 169.76 630.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 195.37 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 212.65 630.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 241.60 630.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 283.32 630.75 Td (regions.��Our ) Tj ET Q q 0 0 0 rg BT 338.65 630.75 Td (goal ) Tj ET Q q 0 0 0 rg BT 358.71 630.75 Td (is ) Tj ET Q q 0 0 0 rg BT 368.21 630.75 Td (to ) Tj ET Q q 0 0 0 rg BT 378.83 630.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 414.42 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 429.48 630.75 Td (value ) Tj ET Q q 0 0 0 rg BT 453.97 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 465.14 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 481.31 630.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 524.13 630.75 Td (through ) Tj ET Q q 0 0 0 rg BT 558.08 630.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (combination ) Tj ET Q q 0 0 0 rg BT 102.18 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.20 618.75 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 166.16 618.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 198.29 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 215.42 618.75 Td (proven ) Tj ET Q q 0 0 0 rg BT 245.88 618.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 295.77 618.75 Td (extraction ) Tj ET Q q 0 0 0 rg BT 338.45 618.75 Td (practices, ) Tj ET Q q 0 0 0 rg BT 379.17 618.75 Td (with ) Tj ET Q q 0 0 0 rg BT 399.64 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.54 618.75 Td (most ) Tj ET Q q 0 0 0 rg BT 436.68 618.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 481.58 618.75 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 521.49 618.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.72 618.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 605.32 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.27 606.75 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 108.52 606.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.58 606.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 159.05 606.75 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.75 Td (As ) Tj ET Q q 0 0 0 rg BT 80.90 582.75 Td (part ) Tj ET Q q 0 0 0 rg BT 98.72 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.34 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 124.95 582.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 164.98 582.75 Td (strategy) Tj ET Q q 0 0 0 rg BT 195.99 582.75 Td (, ) Tj ET Q q 0 0 0 rg BT 200.77 582.75 Td (we ) Tj ET Q q 0 0 0 rg BT 214.71 582.75 Td (are ) Tj ET Q q 0 0 0 rg BT 229.20 582.75 Td (committed ) Tj ET Q q 0 0 0 rg BT 274.25 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 284.31 582.75 Td (strong ) Tj ET Q q 0 0 0 rg BT 311.59 582.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.86 582.75 Td (discipline, ) Tj ET Q q 0 0 0 rg BT 392.52 582.75 Td (ef) Tj ET Q q 0 0 0 rg BT 400.11 582.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 427.93 582.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 471.87 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 488.59 582.75 Td (creating ) Tj ET Q q 0 0 0 rg BT 523.07 582.75 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 570.75 Td (for ) Tj ET Q q 0 0 0 rg BT 87.82 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 103.65 570.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 156.68 570.75 Td (through ) Tj ET Q q 0 0 0 rg BT 190.29 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.01 570.75 Td (following ) Tj ET Q q 0 0 0 rg BT 246.39 570.75 Td (key ) Tj ET Q q 0 0 0 rg BT 263.33 570.75 Td (principles:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 546.75 Td (tar) Tj ET Q q 0 0 0 rg BT 95.87 546.75 Td (get ) Tj ET Q q 0 0 0 rg BT 109.79 546.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 142.58 546.75 Td (regions ) Tj ET Q q 0 0 0 rg BT 173.73 546.75 Td (where ) Tj ET Q q 0 0 0 rg BT 199.86 546.75 Td (we ) Tj ET Q q 0 0 0 rg BT 213.22 546.75 Td (either ) Tj ET Q q 0 0 0 rg BT 237.69 546.75 Td (have, ) Tj ET Q q 0 0 0 rg BT 260.77 546.75 Td (or ) Tj ET Q q 0 0 0 rg BT 270.81 546.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 301.38 546.75 Td (we ) Tj ET Q q 0 0 0 rg BT 314.75 546.75 Td (can ) Tj ET Q q 0 0 0 rg BT 330.33 546.75 Td (create, ) Tj ET Q q 0 0 0 rg BT 358.40 546.75 Td (a ) Tj ET Q q 0 0 0 rg BT 364.54 546.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 413.45 546.75 Td (advantage ) Tj ET Q q 0 0 0 rg BT 455.69 546.75 Td (as ) Tj ET Q q 0 0 0 rg BT 465.72 546.75 Td (a ) Tj ET Q q 0 0 0 rg BT 471.86 546.75 Td (result ) Tj ET Q q 0 0 0 rg BT 495.78 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 505.82 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 520.85 546.75 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 534.75 Td (or ) Tj ET Q q 0 0 0 rg BT 96.33 534.75 Td (use ) Tj ET Q q 0 0 0 rg BT 112.16 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 122.99 534.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 136.88 533.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.13 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 142.63 534.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 180.39 534.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 193.45 534.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 218.16 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.10 534.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 248.99 533.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.24 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 254.74 534.75 Td (infrastructure;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 522.75 Td (secure ) Tj ET Q q 0 0 0 rg BT 112.74 522.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 154.43 522.75 Td (where ) Tj ET Q q 0 0 0 rg BT 180.56 522.75 Td (we ) Tj ET Q q 0 0 0 rg BT 193.92 522.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 224.49 522.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.18 522.75 Td (value ) Tj ET Q q 0 0 0 rg BT 289.54 522.75 Td (can ) Tj ET Q q 0 0 0 rg BT 305.12 522.75 Td (be ) Tj ET Q q 0 0 0 rg BT 316.26 522.75 Td (created ) Tj ET Q q 0 0 0 rg BT 346.82 522.75 Td (through ) Tj ET Q q 0 0 0 rg BT 379.63 522.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 410.21 522.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 446.88 522.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 490.24 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 506.38 522.75 Td (a ) Tj ET Q q 0 0 0 rg BT 512.52 522.75 Td (combination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.33 510.75 Td (other ) Tj ET Q q 0 0 0 rg BT 119.38 510.75 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 172.15 510.75 Td (development, ) Tj ET Q q 0 0 0 rg BT 228.80 510.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 276.84 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.78 510.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 336.82 510.75 Td (techniques;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 498.75 Td (acquire ) Tj ET Q q 0 0 0 rg BT 117.05 498.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 159.17 498.75 Td (that ) Tj ET Q q 0 0 0 rg BT 176.29 498.75 Td (give ) Tj ET Q q 0 0 0 rg BT 195.63 498.75 Td (us ) Tj ET Q q 0 0 0 rg BT 206.65 498.75 Td (a ) Tj ET Q q 0 0 0 rg BT 213.22 498.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 249.23 498.75 Td (working ) Tj ET Q q 0 0 0 rg BT 284.69 498.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 316.25 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.81 498.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 379.92 498.75 Td (control ) Tj ET Q q 0 0 0 rg BT 410.38 498.75 Td (or ) Tj ET Q q 0 0 0 rg BT 420.83 498.75 Td (where ) Tj ET Q q 0 0 0 rg BT 447.39 498.75 Td (we ) Tj ET Q q 0 0 0 rg BT 461.18 498.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 492.18 498.75 Td (we ) Tj ET Q q 0 0 0 rg BT 505.97 498.75 Td (can ) Tj ET Q q 0 0 0 rg BT 521.97 498.75 Td (ultimately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 486.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 113.00 486.75 Td (it;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.75 Td (maximize ) Tj ET Q q 0 0 0 rg BT 126.94 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 141.17 474.75 Td (value ) Tj ET Q q 0 0 0 rg BT 164.83 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 181.28 474.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.06 474.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 221.40 474.75 Td (generated ) Tj ET Q q 0 0 0 rg BT 262.28 474.75 Td (from ) Tj ET Q q 0 0 0 rg BT 283.72 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 299.07 474.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 342.73 474.75 Td (by ) Tj ET Q q 0 0 0 rg BT 354.74 474.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 397.85 474.75 Td (production ) Tj ET Q q 0 0 0 rg BT 443.18 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 459.63 474.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.40 474.75 Td (while ) Tj ET Q q 0 0 0 rg BT 518.63 474.75 Td (controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 462.75 Td (costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 450.75 Td (optimize ) Tj ET Q q 0 0 0 rg BT 122.92 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 137.57 450.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 166.12 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 182.99 450.75 Td (allocation ) Tj ET Q q 0 0 0 rg BT 224.85 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.62 450.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 264.70 450.75 Td (among ) Tj ET Q q 0 0 0 rg BT 294.35 450.75 Td (our ) Tj ET Q q 0 0 0 rg BT 310.11 450.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 356.43 450.75 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 411.63 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 421.85 450.75 Td (maximize ) Tj ET Q q 0 0 0 rg BT 463.71 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 478.36 450.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 499.67 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 510.43 450.75 Td (return ) Tj ET Q q 0 0 0 rg BT 536.74 450.75 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 450.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 438.75 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 426.75 Td (exercise ) Tj ET Q q 0 0 0 rg BT 121.32 426.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.38 426.75 Td (discipline ) Tj ET Q q 0 0 0 rg BT 201.33 426.75 Td (by ) Tj ET Q q 0 0 0 rg BT 214.40 426.75 Td (attempting ) Tj ET Q q 0 0 0 rg BT 260.24 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 271.08 426.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 304.69 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 321.09 426.75 Td (development ) Tj ET Q q 0 0 0 rg BT 375.81 426.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 405.53 426.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 459.69 426.75 Td (with ) Tj ET Q q 0 0 0 rg BT 480.54 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 496.94 426.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 517.78 426.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 543.07 426.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 414.75 Td (operations; ) Tj ET Q q 0 0 0 rg BT 132.43 414.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 402.75 Td (attract ) Tj ET Q q 0 0 0 rg BT 112.98 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 129.92 402.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 167.41 402.75 Td (a ) Tj ET Q q 0 0 0 rg BT 174.35 402.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 202.40 402.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 252.11 402.75 Td (team ) Tj ET Q q 0 0 0 rg BT 274.04 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 284.88 402.75 Td (experienced ) Tj ET Q q 0 0 0 rg BT 335.68 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 352.61 402.75 Td (incentivized ) Tj ET Q q 0 0 0 rg BT 403.98 402.75 Td (personnel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 105.51 378.75 Td (has ) Tj ET Q q 0 0 0 rg BT 121.87 378.75 Td (been ) Tj ET Q q 0 0 0 rg BT 143.77 378.75 Td (publicly ) Tj ET Q q 0 0 0 rg BT 179.57 378.75 Td (traded ) Tj ET Q q 0 0 0 rg BT 207.58 378.75 Td (on ) Tj ET Q q 0 0 0 rg BT 220.60 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 235.84 378.75 Td (New ) Tj ET Q q 0 0 0 rg BT 257.30 378.75 Td (Y) Tj ET Q q 0 0 0 rg BT 263.52 378.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 279.87 378.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 305.67 378.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 348.12 378.75 Td (since ) Tj ET Q q 0 0 0 rg BT 371.69 378.75 Td (1997. ) Tj ET Q q 0 0 0 rg BT 397.22 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 400.24 378.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 418.82 378.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 459.59 378.75 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 513.70 378.75 Td (is ) Tj ET Q q 0 0 0 rg BT 523.40 378.75 Td (located ) Tj ET Q q 0 0 0 rg BT 555.29 378.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (5320 ) Tj ET Q q 0 0 0 rg BT 71.58 366.75 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 103.07 366.75 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 130.42 366.75 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 157.62 366.75 Td (T) Tj ET Q q 0 0 0 rg BT 163.03 366.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 182.88 366.75 Td (75024, ) Tj ET Q q 0 0 0 rg BT 212.45 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.96 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 244.37 366.75 Td (phone ) Tj ET Q q 0 0 0 rg BT 270.88 366.75 Td (number ) Tj ET Q q 0 0 0 rg BT 303.51 366.75 Td (is ) Tj ET Q q 0 0 0 rg BT 312.25 366.75 Td (972-673-2000. ) Tj ET Q q 0 0 0 rg BT 373.49 366.75 Td ( ) Tj ET Q q 0 0 0 rg BT 375.10 366.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.18 366.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 445.34 366.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.34 366.75 Td (, ) Tj ET Q q 0 0 0 rg BT 469.91 366.75 Td (we ) Tj ET Q q 0 0 0 rg BT 483.65 366.75 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.16 366.75 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.16 366.75 Td ( ) Tj ET Q q 0 0 0 rg BT 517.24 366.75 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (451 ) Tj ET Q q 0 0 0 rg BT 66.37 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 76.58 354.75 Td (whom ) Tj ET Q q 0 0 0 rg BT 103.45 354.75 Td (were ) Tj ET Q q 0 0 0 rg BT 124.75 354.75 Td (employed ) Tj ET Q q 0 0 0 rg BT 166.06 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 175.71 354.75 Td (field ) Tj ET Q q 0 0 0 rg BT 195.90 354.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 239.43 354.75 Td (or ) Tj ET Q q 0 0 0 rg BT 249.63 354.75 Td (at ) Tj ET Q q 0 0 0 rg BT 258.72 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 273.93 354.75 Td (field ) Tj ET Q q 0 0 0 rg BT 294.12 354.75 Td (of) Tj ET Q q 0 0 0 rg BT 302.27 354.75 Td (fices.��) Tj ET Q q 0 0 0 rg BT 328.47 354.75 Td (W) Tj ET Q q 0 0 0 rg BT 337.11 354.75 Td (e ) Tj ET Q q 0 0 0 rg BT 343.42 354.75 Td (make ) Tj ET Q q 0 0 0 rg BT 366.95 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 382.15 354.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 410.68 354.75 Td (report ) Tj ET Q q 0 0 0 rg BT 436.43 354.75 Td (on ) Tj ET Q q 0 0 0 rg BT 448.30 354.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 471.84 354.75 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 496.77 354.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 534.73 354.75 Td (reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (on ) Tj ET Q q 0 0 0 rg BT 61.44 342.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 85.04 342.75 Td (10-Q, ) Tj ET Q q 0 0 0 rg BT 110.03 342.75 Td (current ) Tj ET Q q 0 0 0 rg BT 140.28 342.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 169.98 342.75 Td (on ) Tj ET Q q 0 0 0 rg BT 181.92 342.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 205.52 342.75 Td (8-K, ) Tj ET Q q 0 0 0 rg BT 225.51 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 241.88 342.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 294.36 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 304.07 342.75 Td (those ) Tj ET Q q 0 0 0 rg BT 327.12 342.75 Td (reports, ) Tj ET Q q 0 0 0 rg BT 359.32 342.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 379.58 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 389.84 342.75 Td (furnished ) Tj ET Q q 0 0 0 rg BT 429.55 342.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 465.92 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 475.63 342.75 Td (Section ) Tj ET Q q 0 0 0 rg BT 507.56 342.75 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 530.60 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 540.86 342.75 Td (15\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.32 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 73.02 330.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 113.94 330.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 154.52 330.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 170.44 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.26 330.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 204.25 330.75 Td (available ) Tj ET Q q 0 0 0 rg BT 241.82 330.75 Td (free ) Tj ET Q q 0 0 0 rg BT 258.84 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.66 330.75 Td (char) Tj ET Q q 0 0 0 rg BT 285.69 330.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 296.61 330.75 Td (on ) Tj ET Q q 0 0 0 rg BT 308.10 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 317.91 330.75 Td (through ) Tj ET Q q 0 0 0 rg BT 350.51 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 365.32 330.75 Td (website, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 399.8544921875 329.4169921875 m 475.2060546875 329.4169921875 l s q 0 0 0 rg BT 399.85 330.75 Td (www) Tj ET Q q 0 0 0 rg BT 420.87 330.75 Td (.denbury) Tj ET Q q 0 0 0 rg BT 455.49 330.75 Td (.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.21 330.75 Td (, ) Tj ET Q q 0 0 0 rg BT 479.19 330.75 Td (as ) Tj ET Q q 0 0 0 rg BT 489.01 330.75 Td (soon ) Tj ET Q q 0 0 0 rg BT 509.39 330.75 Td (as ) Tj ET Q q 0 0 0 rg BT 519.20 330.75 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (practicable ) Tj ET Q q 0 0 0 rg BT 96.49 318.75 Td (after ) Tj ET Q q 0 0 0 rg BT 117.93 318.75 Td (we ) Tj ET Q q 0 0 0 rg BT 132.72 318.75 Td (electronically ) Tj ET Q q 0 0 0 rg BT 190.26 318.75 Td (file ) Tj ET Q q 0 0 0 rg BT 206.72 318.75 Td (such ) Tj ET Q q 0 0 0 rg BT 228.18 318.75 Td (material ) Tj ET Q q 0 0 0 rg BT 264.06 318.75 Td (with, ) Tj ET Q q 0 0 0 rg BT 287.47 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 298.93 318.75 Td (furnish ) Tj ET Q q 0 0 0 rg BT 330.39 318.75 Td (it ) Tj ET Q q 0 0 0 rg BT 339.07 318.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 352.48 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 367.83 318.75 Td (SEC.��) Tj ET Q q 0 0 0 rg BT 393.49 318.75 Td (The ) Tj ET Q q 0 0 0 rg BT 412.16 318.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 433.63 318.75 Td (also ) Tj ET Q q 0 0 0 rg BT 452.87 318.75 Td (maintains ) Tj ET Q q 0 0 0 rg BT 494.88 318.75 Td (a ) Tj ET Q q 0 0 0 rg BT 502.45 318.75 Td (website, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 538.6220703125 317.4169921875 m 562.513671875 317.4169921875 l s q 0 0 0 rg BT 538.62 318.75 Td (http://) Tj ET Q BT /F1 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (Improved ) Tj ET Q q 0 0 0 rg BT 108.33 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 123.62 678.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 159.44 678.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 179.73 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.46 678.60 Td (3.7x ) Tj ET Q q 0 0 0 rg BT 208.92 678.60 Td (during ) Tj ET Q q 0 0 0 rg BT 236.99 678.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 258.95 678.60 Td (from ) Tj ET Q q 0 0 0 rg BT 280.34 678.60 Td (4.2x ) Tj ET Q q 0 0 0 rg BT 299.80 678.60 Td (during ) Tj ET Q q 0 0 0 rg BT 327.87 678.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 349.82 678.60 Td (\(ratio ) Tj ET Q q 0 0 0 rg BT 373.44 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 383.73 678.60 Td (net ) Tj ET Q q 0 0 0 rg BT 397.90 678.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 417.08 678.60 Td (\(debt ) Tj ET Q q 0 0 0 rg BT 439.58 678.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 477.08 678.60 Td (less ) Tj ET Q q 0 0 0 rg BT 494.04 678.60 Td (cash\) ) Tj ET Q q 0 0 0 rg BT 517.09 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.40 678.60 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 113.88 666.60 Td (\(a ) Tj ET Q q 0 0 0 rg BT 124.15 666.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 169.34 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.84 666.60 Td (measure\)\) ) Tj ET Q q 0 0 0 rg BT 214.31 666.60 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 232.91 666.60 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 278.28 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.78 666.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 322.16 666.60 Td (Measur) Tj ET Q q 0 0 0 rg BT 352.34 666.60 Td (es ) Tj ET Q q 0 0 0 rg BT 363.17 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.67 666.60 Td (Reconciliations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.88 666.60 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (Reduced ) Tj ET Q q 0 0 0 rg BT 104.48 642.60 Td (general ) Tj ET Q q 0 0 0 rg BT 135.90 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 152.33 642.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 211.53 642.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 249.62 642.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 294.38 642.60 Td ($18.6 ) Tj ET Q q 0 0 0 rg BT 318.87 642.60 Td (million ) Tj ET Q q 0 0 0 rg BT 349.76 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 360.08 642.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 401.49 642.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 435.69 642.60 Td (related ) Tj ET Q q 0 0 0 rg BT 464.89 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 474.66 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 481.09 642.60 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 521.41 642.60 Td (separation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (program\) ) Tj ET Q q 0 0 0 rg BT 107.21 630.60 Td (by ) Tj ET Q q 0 0 0 rg BT 119.71 630.60 Td ($7.1 ) Tj ET Q q 0 0 0 rg BT 139.71 630.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 173.60 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 180.54 630.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 201.37 630.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 241.63 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 263.57 630.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 286.07 630.60 Td (amounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (Continued ) Tj ET Q q 0 0 0 rg BT 111.02 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 120.66 606.60 Td (optimize ) Tj ET Q q 0 0 0 rg BT 157.51 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 172.70 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 185.11 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.41 606.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 231.03 606.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 246.22 606.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 267.51 606.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 304.37 606.60 Td (through ) Tj ET Q q 0 0 0 rg BT 337.33 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.41 606.60 Td (following: ) Tj ET Q q 0 0 0 rg BT 394.93 606.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 408.45 606.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 426.98 606.60 Td (Citronelle ) Tj ET Q q 0 0 0 rg BT 468.82 606.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 491.24 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 504.76 606.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td ($10 ) Tj ET Q q 0 0 0 rg BT 84.40 594.60 Td (million ) Tj ET Q q 0 0 0 rg BT 115.19 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 124.87 594.60 Td (July ) Tj ET Q q 0 0 0 rg BT 143.44 594.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 165.34 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.68 594.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 195.24 594.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 226.57 594.60 Td (into ) Tj ET Q q 0 0 0 rg BT 244.03 594.60 Td (an ) Tj ET Q q 0 0 0 rg BT 255.37 594.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 298.91 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 308.59 594.60 Td (December ) Tj ET Q q 0 0 0 rg BT 351.57 594.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 373.47 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.15 594.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 398.94 594.60 Td (half ) Tj ET Q q 0 0 0 rg BT 416.39 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.62 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 441.85 594.60 Td (nearly ) Tj ET Q q 0 0 0 rg BT 468.74 594.60 Td (100% ) Tj ET Q q 0 0 0 rg BT 493.97 594.60 Td (working ) Tj ET Q q 0 0 0 rg BT 529.20 594.60 Td (interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 77.90 582.60 Td (four ) Tj ET Q q 0 0 0 rg BT 97.18 582.60 Td (conventional ) Tj ET Q q 0 0 0 rg BT 151.46 582.60 Td (southeast ) Tj ET Q q 0 0 0 rg BT 191.10 582.60 Td (T) Tj ET Q q 0 0 0 rg BT 196.51 582.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 216.91 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.08 582.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 254.92 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 269.21 582.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 286.83 582.60 Td (million ) Tj ET Q q 0 0 0 rg BT 318.34 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.40 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 342.46 582.60 Td (carried ) Tj ET Q q 0 0 0 rg BT 372.84 582.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 404.89 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 415.29 582.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 430.13 582.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 453.86 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 464.26 582.60 Td (be ) Tj ET Q q 0 0 0 rg BT 476.32 582.60 Td (funded ) Tj ET Q q 0 0 0 rg BT 506.71 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 523.78 582.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 552.50 582.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 570.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 120.68 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 125.68 570.60 Td (which ) Tj ET Q q 0 0 0 rg BT 152.62 570.60 Td (is ) Tj ET Q q 0 0 0 rg BT 161.79 570.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 200.39 570.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 238.42 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 248.70 570.60 Td (occur ) Tj ET Q q 0 0 0 rg BT 273.40 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.68 570.60 Td (March ) Tj ET Q q 0 0 0 rg BT 312.28 570.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 334.78 570.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 352.83 570.60 Td (�Pending ) Tj ET Q q 0 0 0 rg BT 392.54 570.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 413.37 570.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 438.47 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 447.11 570.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 475.72 570.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 512.09 570.60 Td (Sale�\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (Continued ) Tj ET Q q 0 0 0 rg BT 112.20 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.45 546.60 Td (monetization ) Tj ET Q q 0 0 0 rg BT 182.70 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.06 546.60 Td (valuable ) Tj ET Q q 0 0 0 rg BT 230.97 546.60 Td (surface ) Tj ET Q q 0 0 0 rg BT 262.88 546.60 Td (land ) Tj ET Q q 0 0 0 rg BT 283.13 546.60 Td (with ) Tj ET Q q 0 0 0 rg BT 303.94 546.60 Td (no ) Tj ET Q q 0 0 0 rg BT 316.98 546.60 Td (active ) Tj ET Q q 0 0 0 rg BT 343.89 546.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 357.48 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.95 546.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 405.75 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 422.12 546.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 466.81 546.60 Td (around ) Tj ET Q q 0 0 0 rg BT 497.62 546.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 536.82 546.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 546.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (including ) Tj ET Q q 0 0 0 rg BT 108.12 534.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 122.63 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.70 534.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 156.09 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.27 534.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 203.45 534.60 Td (parcels ) Tj ET Q q 0 0 0 rg BT 234.62 534.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 274.68 534.60 Td (around ) Tj ET Q q 0 0 0 rg BT 305.30 534.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 344.33 534.60 Td (T) Tj ET Q q 0 0 0 rg BT 349.74 534.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 370.36 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 380.99 534.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 431.60 534.60 Td (totaling ) Tj ET Q q 0 0 0 rg BT 465.00 534.60 Td ($14 ) Tj ET Q q 0 0 0 rg BT 482.85 534.60 Td (million ) Tj ET Q q 0 0 0 rg BT 514.59 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.22 534.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 548.07 534.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 81.75 522.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 113.77 522.60 Td (into ) Tj ET Q q 0 0 0 rg BT 131.92 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 138.96 522.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 173.75 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 184.13 522.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 200.61 522.60 Td (acreage ) Tj ET Q q 0 0 0 rg BT 233.72 522.60 Td (around ) Tj ET Q q 0 0 0 rg BT 264.09 522.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 302.88 522.60 Td (T) Tj ET Q q 0 0 0 rg BT 308.29 522.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 328.66 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 342.91 522.60 Td ($32 ) Tj ET Q q 0 0 0 rg BT 360.51 522.60 Td (million ) Tj ET Q q 0 0 0 rg BT 391.99 522.60 Td (which ) Tj ET Q q 0 0 0 rg BT 419.02 522.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 456.06 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 470.31 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 477.34 522.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 522.71 522.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.19 522.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.71 510.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.48 510.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 142.01 510.60 Td (from ) Tj ET Q q 0 0 0 rg BT 164.45 510.60 Td (such ) Tj ET Q q 0 0 0 rg BT 185.78 510.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 204.32 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 215.10 510.60 Td (be ) Tj ET Q q 0 0 0 rg BT 227.53 510.60 Td (received ) Tj ET Q q 0 0 0 rg BT 264.39 510.60 Td (no ) Tj ET Q q 0 0 0 rg BT 277.39 510.60 Td (later ) Tj ET Q q 0 0 0 rg BT 298.15 510.60 Td (than ) Tj ET Q q 0 0 0 rg BT 318.36 510.60 Td (mid-2021 ) Tj ET Q q 0 0 0 rg BT 360.25 510.60 Td (with ) Tj ET Q q 0 0 0 rg BT 381.02 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.24 510.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 439.77 510.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 471.66 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 482.99 510.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 503.75 510.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 542.29 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 510.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (received ) Tj ET Q q 0 0 0 rg BT 104.52 498.60 Td (by ) Tj ET Q q 0 0 0 rg BT 117.69 498.60 Td (mid-2022, ) Tj ET Q q 0 0 0 rg BT 162.23 498.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 193.72 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 204.66 498.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 235.02 498.60 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 282.35 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 285.28 498.60 Td (W) Tj ET Q q 0 0 0 rg BT 293.92 498.60 Td (e ) Tj ET Q q 0 0 0 rg BT 301.52 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 316.89 498.60 Td (actively ) Tj ET Q q 0 0 0 rg BT 351.70 498.60 Td (working ) Tj ET Q q 0 0 0 rg BT 388.19 498.60 Td (with ) Tj ET Q q 0 0 0 rg BT 409.13 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.51 498.60 Td (buyer ) Tj ET Q q 0 0 0 rg BT 450.44 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 461.38 498.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 507.31 498.60 Td (close ) Tj ET Q q 0 0 0 rg BT 531.02 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.40 498.60 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 98.89 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.72 486.60 Td (this ) Tj ET Q q 0 0 0 rg BT 126.67 486.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 144.71 486.60 Td (before ) Tj ET Q q 0 0 0 rg BT 172.75 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.47 486.60 Td (end ) Tj ET Q q 0 0 0 rg BT 204.40 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.23 486.60 Td (2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 72.00 462.60 Td (BUSINESS ) Tj ET Q q 0 0 0 rg BT 122.86 462.60 Td (OUTLOOK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (Since ) Tj ET Q q 0 0 0 rg BT 91.93 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.37 438.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 148.58 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.12 438.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 183.84 438.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 222.72 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 235.49 438.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 261.58 438.60 Td (have ) Tj ET Q q 0 0 0 rg BT 282.68 438.60 Td (moved ) Tj ET Q q 0 0 0 rg BT 312.11 438.60 Td (downward ) Tj ET Q q 0 0 0 rg BT 356.54 438.60 Td (by ) Tj ET Q q 0 0 0 rg BT 368.75 438.60 Td (over ) Tj ET Q q 0 0 0 rg BT 388.74 438.60 Td ($10 ) Tj ET Q q 0 0 0 rg BT 405.95 438.60 Td (per ) Tj ET Q q 0 0 0 rg BT 420.94 438.60 Td (barrel ) Tj ET Q q 0 0 0 rg BT 446.47 438.60 Td (\(from ) Tj ET Q q 0 0 0 rg BT 471.45 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.89 438.60 Td (low ) Tj ET Q q 0 0 0 rg BT 503.10 438.60 Td ($60s ) Tj ET Q q 0 0 0 rg BT 524.21 438.60 Td (per ) Tj ET Q q 0 0 0 rg BT 539.19 438.60 Td (barrel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.53 426.60 Td (early ) Tj ET Q q 0 0 0 rg BT 81.77 426.60 Td (January ) Tj ET Q q 0 0 0 rg BT 115.12 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.15 426.60 Td (around ) Tj ET Q q 0 0 0 rg BT 155.18 426.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 172.43 426.60 Td (per ) Tj ET Q q 0 0 0 rg BT 187.45 426.60 Td (barrel ) Tj ET Q q 0 0 0 rg BT 213.02 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 223.05 426.60 Td (mid-February ) Tj ET Q q 0 0 0 rg BT 280.29 426.60 Td (2020\), ) Tj ET Q q 0 0 0 rg BT 308.37 426.60 Td (due ) Tj ET Q q 0 0 0 rg BT 325.07 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 335.10 426.60 Td (part ) Tj ET Q q 0 0 0 rg BT 352.90 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.93 426.60 Td (concerns ) Tj ET Q q 0 0 0 rg BT 400.72 426.60 Td (about ) Tj ET Q q 0 0 0 rg BT 425.19 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.66 426.60 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 486.91 426.60 Td (coronavirus ) Tj ET Q q 0 0 0 rg BT 536.37 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 553.06 426.60 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (real ) Tj ET Q q 0 0 0 rg BT 67.98 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 85.92 414.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 124.40 414.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 155.11 414.60 Td (on ) Tj ET Q q 0 0 0 rg BT 168.61 414.60 Td (near) Tj ET Q q 0 0 0 rg BT 185.61 414.60 Td (-term ) Tj ET Q q 0 0 0 rg BT 210.76 414.60 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 257.03 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.08 414.60 Td (demand. ) Tj ET Q q 0 0 0 rg BT 308.73 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 312.23 414.60 Td (In ) Tj ET Q q 0 0 0 rg BT 324.06 414.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 381.42 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.25 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 408.96 414.60 Td (current ) Tj ET Q q 0 0 0 rg BT 440.77 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 454.83 414.60 Td (price ) Tj ET Q q 0 0 0 rg BT 478.31 414.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 532.35 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.28 414.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 91.17 402.60 Td (s ) Tj ET Q q 0 0 0 rg BT 96.76 402.60 Td (desire ) Tj ET Q q 0 0 0 rg BT 122.34 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 131.82 402.60 Td (preserve ) Tj ET Q q 0 0 0 rg BT 167.39 402.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 201.87 402.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 235.11 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 239.31 402.60 Td (we ) Tj ET Q q 0 0 0 rg BT 252.67 402.60 Td (have ) Tj ET Q q 0 0 0 rg BT 273.25 402.60 Td (set ) Tj ET Q q 0 0 0 rg BT 286.06 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.09 402.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 322.79 402.60 Td (base ) Tj ET Q q 0 0 0 rg BT 342.26 402.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.62 402.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 399.53 402.60 Td (at ) Tj ET Q q 0 0 0 rg BT 408.45 402.60 Td (between ) Tj ET Q q 0 0 0 rg BT 443.47 402.60 Td ($175 ) Tj ET Q q 0 0 0 rg BT 465.17 402.60 Td (million ) Tj ET Q q 0 0 0 rg BT 495.76 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.90 402.60 Td ($185 ) Tj ET Q q 0 0 0 rg BT 533.61 402.60 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 93.77 390.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 138.58 390.60 Td (interest\), ) Tj ET Q q 0 0 0 rg BT 175.36 390.60 Td (which ) Tj ET Q q 0 0 0 rg BT 201.30 390.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 236.14 390.60 Td ($10 ) Tj ET Q q 0 0 0 rg BT 252.64 390.60 Td (million ) Tj ET Q q 0 0 0 rg BT 283.04 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 292.88 390.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 321.04 390.60 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 360.86 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 370.14 390.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 414.42 390.60 Td (near) Tj ET Q q 0 0 0 rg BT 431.43 390.60 Td (-term ) Tj ET Q q 0 0 0 rg BT 454.59 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 468.49 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.74 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 473.24 390.60 Td (development ) Tj ET Q q 0 0 0 rg BT 526.40 390.60 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (at ) Tj ET Q q 0 0 0 rg BT 58.17 378.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 78.18 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 79.63 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 89.41 378.60 Td (further ) Tj ET Q q 0 0 0 rg BT 118.07 378.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 157.85 378.60 Td (below) Tj ET Q q 0 0 0 rg BT 181.64 378.60 Td (. ) Tj ET Q q 0 0 0 rg BT 185.59 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.94 378.60 Td (This ) Tj ET Q q 0 0 0 rg BT 206.17 378.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 227.62 378.60 Td (base ) Tj ET Q q 0 0 0 rg BT 246.84 378.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 274.94 378.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 303.61 378.60 Td (is ) Tj ET Q q 0 0 0 rg BT 311.73 378.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.62 378.60 Td ($57 ) Tj ET Q q 0 0 0 rg BT 334.08 378.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.97 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 364.42 378.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.75 378.60 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.08 378.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 390.86 378.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 430.08 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 450.97 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 465.75 378.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 487.20 378.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 515.30 378.60 Td (expenditure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (level. ) Tj ET Q q 0 0 0 rg BT 74.16 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 76.69 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 85.33 366.60 Td (e ) Tj ET Q q 0 0 0 rg BT 92.49 366.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 131.31 366.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 172.90 366.60 Td (that ) Tj ET Q q 0 0 0 rg BT 190.63 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 206.68 366.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 229.41 366.60 Td (base ) Tj ET Q q 0 0 0 rg BT 249.90 366.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 279.28 366.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 309.22 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.28 366.60 Td ($175 ) Tj ET Q q 0 0 0 rg BT 343.00 366.60 Td (million ) Tj ET Q q 0 0 0 rg BT 374.62 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.13 366.60 Td ($185 ) Tj ET Q q 0 0 0 rg BT 407.85 366.60 Td (million ) Tj ET Q q 0 0 0 rg BT 439.47 366.60 Td (will ) Tj ET Q q 0 0 0 rg BT 457.75 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 469.92 366.60 Td (more ) Tj ET Q q 0 0 0 rg BT 493.19 366.60 Td (than ) Tj ET Q q 0 0 0 rg BT 513.13 366.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 534.75 366.60 Td (funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (with ) Tj ET Q q 0 0 0 rg BT 68.91 354.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 88.30 354.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 108.26 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 129.33 354.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 172.61 354.60 Td (\(assuming ) Tj ET Q q 0 0 0 rg BT 215.35 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 221.42 354.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 238.04 354.60 Td (per ) Tj ET Q q 0 0 0 rg BT 252.44 354.60 Td (barrel ) Tj ET Q q 0 0 0 rg BT 277.39 354.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 315.68 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 327.86 354.60 Td (price\) ) Tj ET Q q 0 0 0 rg BT 352.81 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.88 354.60 Td (should ) Tj ET Q q 0 0 0 rg BT 397.17 354.60 Td (result ) Tj ET Q q 0 0 0 rg BT 421.02 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 430.43 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.27 354.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 484.79 354.60 Td (generating ) Tj ET Q q 0 0 0 rg BT 528.62 354.60 Td (upwards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.60 342.60 Td ($100 ) Tj ET Q q 0 0 0 rg BT 81.38 342.60 Td (million ) Tj ET Q q 0 0 0 rg BT 112.04 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.14 342.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.68 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 151.23 342.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 179.10 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.21 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 204.31 342.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.73 342.60 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 288.10 342.60 Td (without ) Tj ET Q q 0 0 0 rg BT 320.43 342.60 Td (including ) Tj ET Q q 0 0 0 rg BT 359.97 342.60 Td (any ) Tj ET Q q 0 0 0 rg BT 376.18 342.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 413.49 342.60 Td (from ) Tj ET Q q 0 0 0 rg BT 434.71 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.69 342.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 483.25 342.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 503.35 342.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 527.77 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 536.41 342.60 Td (orking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 85.46 330.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 104.76 330.60 Td (\(from ) Tj ET Q q 0 0 0 rg BT 129.61 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 156.13 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 169.87 330.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 198.05 330.60 Td (net ) Tj ET Q q 0 0 0 rg BT 212.35 330.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 249.97 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.38 330.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 320.22 330.60 Td ($40 ) Tj ET Q q 0 0 0 rg BT 337.31 330.60 Td (million\) ) Tj ET Q q 0 0 0 rg BT 371.61 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 382.02 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.32 330.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 425.62 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.03 330.60 Td (any ) Tj ET Q q 0 0 0 rg BT 452.55 330.60 Td (other ) Tj ET Q q 0 0 0 rg BT 475.18 330.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 512.25 330.60 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (An ) Tj ET Q q 0 0 0 rg BT 81.63 306.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.54 306.60 Td ($140 ) Tj ET Q q 0 0 0 rg BT 145.45 306.60 Td (million ) Tj ET Q q 0 0 0 rg BT 176.25 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 185.94 306.60 Td ($150 ) Tj ET Q q 0 0 0 rg BT 207.85 306.60 Td (million ) Tj ET Q q 0 0 0 rg BT 238.65 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.90 306.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 277.46 306.60 Td (for ) Tj ET Q q 0 0 0 rg BT 291.03 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.16 306.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 325.17 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 327.08 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 340.97 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.22 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 346.13 306.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 376.92 306.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 399.94 306.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 456.00 306.60 Td (most ) Tj ET Q q 0 0 0 rg BT 477.36 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 487.60 306.60 Td (which ) Tj ET Q q 0 0 0 rg BT 513.95 306.60 Td (is ) Tj ET Q q 0 0 0 rg BT 522.53 306.60 Td (scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.40 294.60 Td (be ) Tj ET Q q 0 0 0 rg BT 70.95 294.60 Td (spent ) Tj ET Q q 0 0 0 rg BT 94.18 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.08 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.41 294.60 Td (second ) Tj ET Q q 0 0 0 rg BT 148.30 294.60 Td (half ) Tj ET Q q 0 0 0 rg BT 165.96 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.41 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.75 294.60 Td (year) Tj ET Q q 0 0 0 rg BT 207.55 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 212.17 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 220.96 294.60 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 270.29 294.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 292.41 294.60 Td (future ) Tj ET Q q 0 0 0 rg BT 318.40 294.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 344.96 294.60 Td (approval. ) Tj ET Q q 0 0 0 rg BT 384.56 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.53 294.60 Td (The ) Tj ET Q q 0 0 0 rg BT 404.19 294.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 445.17 294.60 Td ($155 ) Tj ET Q q 0 0 0 rg BT 467.29 294.60 Td (million ) Tj ET Q q 0 0 0 rg BT 498.30 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 508.75 294.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 542.52 294.60 Td (2020 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 69.51 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 282.60 Td (tertiary-related ) Tj ET Q q 0 0 0 rg BT 133.89 282.60 Td (development ) Tj ET Q q 0 0 0 rg BT 188.03 282.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.17 282.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 251.32 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.14 282.60 Td ($105 ) Tj ET Q q 0 0 0 rg BT 284.63 282.60 Td (million ) Tj ET Q q 0 0 0 rg BT 316.01 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 330.16 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 344.86 282.60 Td (105-mile ) Tj ET Q q 0 0 0 rg BT 383.45 282.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 424.27 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 435.08 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.79 282.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 493.91 282.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 529.17 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 539.44 282.60 Td (CCA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.16 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 83.26 270.60 Td (remainder ) Tj ET Q q 0 0 0 rg BT 125.67 270.60 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 165.86 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.52 270.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 214.33 270.60 Td (well ) Tj ET Q q 0 0 0 rg BT 233.43 270.60 Td (work ) Tj ET Q q 0 0 0 rg BT 255.86 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 272.18 270.60 Td (field ) Tj ET Q q 0 0 0 rg BT 292.39 270.60 Td (development. ) Tj ET Q q 0 0 0 rg BT 348.42 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 350.17 270.60 Td (The ) Tj ET Q q 0 0 0 rg BT 367.60 270.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 408.36 270.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 446.34 270.60 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 490.98 270.60 Td (finalizing ) Tj ET Q q 0 0 0 rg BT 531.18 270.60 Td (its ) Tj ET Q q 0 0 0 rg BT 542.51 270.60 Td (2020 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.65 258.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 102.26 258.60 Td (related ) Tj ET Q q 0 0 0 rg BT 131.96 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 142.24 258.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 162.25 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.75 258.60 Td (during ) Tj ET Q q 0 0 0 rg BT 193.36 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.07 258.60 Td (second ) Tj ET Q q 0 0 0 rg BT 238.34 258.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 266.11 258.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.15 234.60 Td (on ) Tj ET Q q 0 0 0 rg BT 106.37 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 121.92 234.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 150.78 234.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 189.11 234.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 214.93 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 228.81 234.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 267.12 234.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 308.20 234.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 330.42 234.60 Td (average ) Tj ET Q q 0 0 0 rg BT 363.71 234.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 385.93 234.60 Td (production ) Tj ET Q q 0 0 0 rg BT 431.47 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 441.46 234.60 Td (be ) Tj ET Q q 0 0 0 rg BT 453.12 234.60 Td (between ) Tj ET Q q 0 0 0 rg BT 488.65 234.60 Td (53,000 ) Tj ET Q q 0 0 0 rg BT 518.36 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.02 234.60 Td (56,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 81.59 222.60 Td (after ) Tj ET Q q 0 0 0 rg BT 101.71 222.60 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 140.18 222.60 Td (for ) Tj ET Q q 0 0 0 rg BT 153.65 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.68 222.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 202.26 222.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 222.40 222.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 246.86 222.60 Td (W) Tj ET Q q 0 0 0 rg BT 255.49 222.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 283.41 222.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 319.10 222.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 338.12 222.60 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 356.03 222.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 410.28 222.60 Td (s ) Tj ET Q q 0 0 0 rg BT 415.98 222.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 461.67 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 478.35 222.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 514.05 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 523.63 222.60 Td (Financial ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 92.23 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.96 210.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 141.58 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.09 210.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 199.82 210.60 Td (� ) Tj ET Q q 0 0 0 rg BT 207.55 210.60 Td (Overview ) Tj ET Q q 0 0 0 rg BT 248.59 210.60 Td (� ) Tj ET Q q 0 0 0 rg BT 256.32 210.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 292.38 210.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 312.32 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.83 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 330.24 210.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 359.08 210.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 378.15 210.60 Td (ests ) Tj ET Q q 0 0 0 rg BT 395.88 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.38 210.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 439.67 210.60 Td (T) Tj ET Q q 0 0 0 rg BT 444.31 210.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 464.81 210.60 Td (Fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.81 210.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 498.37 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 500.90 210.60 Td (The ) Tj ET Q q 0 0 0 rg BT 519.18 210.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.68 198.60 Td (with ) Tj ET Q q 0 0 0 rg BT 114.54 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.84 198.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 165.70 198.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 187.11 198.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 212.75 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 221.39 198.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 250.58 198.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 287.54 198.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 307.84 198.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 347.01 198.60 Td (1,170 ) Tj ET Q q 0 0 0 rg BT 372.60 198.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 403.46 198.60 Td (during ) Tj ET Q q 0 0 0 rg BT 432.65 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 447.95 198.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 475.47 198.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 506.87 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.28 198.60 Td (2019. ) Tj ET Q q 0 0 0 rg BT 543.87 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 198.60 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 96.45 186.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 119.52 186.60 Td (production ) Tj ET Q q 0 0 0 rg BT 165.93 186.60 Td (level ) Tj ET Q q 0 0 0 rg BT 188.44 186.60 Td (compares ) Tj ET Q q 0 0 0 rg BT 229.83 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.69 186.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 263.77 186.60 Td (average ) Tj ET Q q 0 0 0 rg BT 297.93 186.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 343.78 186.60 Td (production ) Tj ET Q q 0 0 0 rg BT 390.19 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 401.60 186.60 Td (56,914 ) Tj ET Q q 0 0 0 rg BT 432.18 186.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 465.53 186.60 Td (after ) Tj ET Q q 0 0 0 rg BT 486.93 186.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 527.77 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 542.51 186.60 Td (2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (property ) Tj ET Q q 0 0 0 rg BT 85.88 174.60 Td (divestitures ) Tj ET Q q 0 0 0 rg BT 134.48 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.42 174.60 Td (production ) Tj ET Q q 0 0 0 rg BT 197.24 174.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 240.84 174.60 Td (with ) Tj ET Q q 0 0 0 rg BT 261.12 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.83 174.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 311.11 174.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 331.94 174.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 357.04 174.60 Td (W) Tj ET Q q 0 0 0 rg BT 365.68 174.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 394.29 174.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 430.66 174.60 Td (Sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.00 150.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.83 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 137.45 150.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 176.49 150.60 Td (assessing ) Tj ET Q q 0 0 0 rg BT 216.67 150.60 Td (various ) Tj ET Q q 0 0 0 rg BT 249.05 150.60 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 298.09 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 308.82 150.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 345.09 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.26 150.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 401.92 150.60 Td (s ) Tj ET Q q 0 0 0 rg BT 408.76 150.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 442.25 150.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 465.74 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 483.13 150.60 Td (may ) Tj ET Q q 0 0 0 rg BT 503.30 150.60 Td (engage ) Tj ET Q q 0 0 0 rg BT 534.56 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 545.29 150.60 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 90.18 138.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 118.64 138.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 155.43 138.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 196.67 138.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 247.34 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.59 138.60 Td (various ) Tj ET Q q 0 0 0 rg BT 290.94 138.60 Td (types, ) Tj ET Q q 0 0 0 rg BT 317.46 138.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 357.58 138.60 Td (focusing ) Tj ET Q q 0 0 0 rg BT 394.93 138.60 Td (on ) Tj ET Q q 0 0 0 rg BT 407.85 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 424.09 138.60 Td (second ) Tj ET Q q 0 0 0 rg BT 454.77 138.60 Td (lien ) Tj ET Q q 0 0 0 rg BT 472.68 138.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 492.81 138.60 Td (maturing ) Tj ET Q q 0 0 0 rg BT 531.82 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 542.52 138.60 Td (2021 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.19 126.60 Td (2022, ) Tj ET Q q 0 0 0 rg BT 90.95 126.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 109.88 126.60 Td (accessing ) Tj ET Q q 0 0 0 rg BT 150.45 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.92 126.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 193.83 126.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 227.74 126.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 255.54 126.60 Td (generating ) Tj ET Q q 0 0 0 rg BT 300.00 126.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 328.90 126.60 Td (from ) Tj ET Q q 0 0 0 rg BT 350.60 126.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 371.19 126.60 Td (ventures ) Tj ET Q q 0 0 0 rg BT 407.32 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 417.91 126.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 439.60 126.60 Td (sales. ) Tj ET Q q 0 0 0 rg BT 463.80 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.05 126.60 Td (In ) Tj ET Q q 0 0 0 rg BT 476.64 126.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 514.17 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 528.08 126.60 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.11 114.60 Td (market ) Tj ET Q q 0 0 0 rg BT 88.70 114.60 Td (for ) Tj ET Q q 0 0 0 rg BT 102.19 114.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 119.57 114.60 Td (surface ) Tj ET Q q 0 0 0 rg BT 150.27 114.60 Td (land ) Tj ET Q q 0 0 0 rg BT 169.31 114.60 Td (with ) Tj ET Q q 0 0 0 rg BT 188.92 114.60 Td (no ) Tj ET Q q 0 0 0 rg BT 200.75 114.60 Td (active ) Tj ET Q q 0 0 0 rg BT 226.45 114.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 238.84 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.11 114.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 270.27 114.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 313.75 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 323.36 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.41 114.60 Td (Houston ) Tj ET Q q 0 0 0 rg BT 373.13 114.60 Td (area ) Tj ET Q q 0 0 0 rg BT 391.61 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.88 114.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 438.58 114.60 Td (future ) Tj ET Q q 0 0 0 rg BT 464.29 114.60 Td (land ) Tj ET Q q 0 0 0 rg BT 483.33 114.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 504.60 114.60 Td (could ) Tj ET Q q 0 0 0 rg BT 528.65 114.60 Td (generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (an ) Tj ET Q q 0 0 0 rg BT 61.28 102.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 103.61 102.60 Td ($30 ) Tj ET Q q 0 0 0 rg BT 120.95 102.60 Td (million ) Tj ET Q q 0 0 0 rg BT 152.18 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 162.30 102.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 179.64 102.60 Td (million ) Tj ET Q q 0 0 0 rg BT 210.87 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.54 102.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.65 102.60 Td (over ) Tj ET Q q 0 0 0 rg BT 261.76 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.32 102.60 Td (next ) Tj ET Q q 0 0 0 rg BT 295.88 102.60 Td (few ) Tj ET Q q 0 0 0 rg BT 313.21 102.60 Td (years ) Tj ET Q q 0 0 0 rg BT 336.64 102.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 368.42 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.98 102.60 Td ($52 ) Tj ET Q q 0 0 0 rg BT 400.32 102.60 Td (million ) Tj ET Q q 0 0 0 rg BT 431.55 102.60 Td (we ) Tj ET Q q 0 0 0 rg BT 445.55 102.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 483.99 102.60 Td (have ) Tj ET Q q 0 0 0 rg BT 505.20 102.60 Td (under ) Tj ET Q q 0 0 0 rg BT 530.31 102.60 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 90.60 Td (have ) Tj ET Q q 0 0 0 rg BT 81.71 90.60 Td (sold.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 88.21 726.75 Td (TED ) Tj ET Q q 0 0 0 rg BT 111.92 726.75 Td (NET) Tj ET Q q 0 0 0 rg BT 132.31 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 135.46 726.75 Td (QUANTITIES ) Tj ET Q q 0 0 0 rg BT 201.41 726.75 Td (OF) Tj ET Q q 0 0 0 rg BT 214.92 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 218.07 726.75 Td (PROVED ) Tj ET Q q 0 0 0 rg BT 263.45 726.75 Td (OIL) Tj ET Q q 0 0 0 rg BT 281.24 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 283.69 726.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 308.51 726.75 Td (NA) Tj ET Q q 0 0 0 rg BT 322.21 726.75 Td (TURAL) Tj ET Q q 0 0 0 rg BT 356.66 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 359.81 726.75 Td (GAS ) Tj ET Q q 0 0 0 rg BT 383.53 726.75 Td (RESER) Tj ET Q q 0 0 0 rg BT 416.52 726.75 Td (VES ) Tj ET Q q 0 0 0 rg BT 438.43 726.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 463.25 726.75 Td (PRESENT) Tj ET Q q 0 0 0 rg BT 509.19 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 512.11 726.75 Td (V) Tj ET Q q 0 0 0 rg BT 518.05 726.75 Td (ALUE ) Tj ET Q q 0 0 0 rg BT 548.98 726.75 Td (OF) Tj ET Q q 0 0 0 rg BT 562.50 726.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 714.75 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 88.21 714.75 Td (TED ) Tj ET Q q 0 0 0 rg BT 111.27 714.75 Td (FUTURE ) Tj ET Q q 0 0 0 rg BT 154.89 714.75 Td (NET) Tj ET Q q 0 0 0 rg BT 175.27 714.75 Td ( ) Tj ET Q q 0 0 0 rg BT 177.77 714.75 Td (REVENUES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 690.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 119.79 690.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 138.96 690.75 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 175.33 690.75 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.75 Td (DeGolyer ) Tj ET Q q 0 0 0 rg BT 109.23 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 125.96 666.75 Td (MacNaughton ) Tj ET Q q 0 0 0 rg BT 185.47 666.75 Td (\(�D&M�\) ) Tj ET Q q 0 0 0 rg BT 227.20 666.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 264.47 666.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 303.98 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 314.61 666.75 Td (our ) Tj ET Q q 0 0 0 rg BT 330.24 666.75 Td (net ) Tj ET Q q 0 0 0 rg BT 344.76 666.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.82 666.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 387.68 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 404.42 666.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 434.48 666.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 450.11 666.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 485.17 666.75 Td (as ) Tj ET Q q 0 0 0 rg BT 495.79 666.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 666.75 Td (December�31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 654.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.97 654.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.97 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 97.93 654.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.33 654.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.33 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 138.30 654.75 Td (\(see ) Tj ET Q q 0 0 0 rg BT 157.36 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.55 654.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 212.73 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.02 654.75 Td (D&M�) Tj ET Q q 0 0 0 rg BT 250.69 654.75 Td (s ) Tj ET Q q 0 0 0 rg BT 257.55 654.75 Td (report ) Tj ET Q q 0 0 0 rg BT 284.39 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 295.69 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.98 654.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 366.03 654.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.03 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 391.50 654.75 Td (included ) Tj ET Q q 0 0 0 rg BT 428.90 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 440.19 654.75 Td (an ) Tj ET Q q 0 0 0 rg BT 452.60 654.75 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 483.33 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 494.08 654.75 Td (this ) Tj ET Q q 0 0 0 rg BT 511.49 654.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 536.13 654.75 Td (10-K\). ) Tj ET Q q 0 0 0 rg BT 565.01 654.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (These ) Tj ET Q q 0 0 0 rg BT 75.13 642.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 114.10 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 124.18 642.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 158.70 642.75 Td (were ) Tj ET Q q 0 0 0 rg BT 179.88 642.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 216.61 642.75 Td (using ) Tj ET Q q 0 0 0 rg BT 240.03 642.75 Td (an ) Tj ET Q q 0 0 0 rg BT 251.23 642.75 Td (average ) Tj ET Q q 0 0 0 rg BT 284.06 642.75 Td (price ) Tj ET Q q 0 0 0 rg BT 305.80 642.75 Td (equal ) Tj ET Q q 0 0 0 rg BT 329.21 642.75 Td (to ) Tj ET Q q 0 0 0 rg BT 338.75 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.72 642.75 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 401.13 642.75 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 443.42 642.75 Td (average ) Tj ET Q q 0 0 0 rg BT 476.26 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.34 642.75 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 538.63 642.75 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 62.45 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 77.62 630.75 Td (first ) Tj ET Q q 0 0 0 rg BT 96.67 630.75 Td (day ) Tj ET Q q 0 0 0 rg BT 114.06 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 125.34 630.75 Td (each ) Tj ET Q q 0 0 0 rg BT 146.60 630.75 Td (month ) Tj ET Q q 0 0 0 rg BT 175.11 630.75 Td (within ) Tj ET Q q 0 0 0 rg BT 203.62 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.78 630.75 Td (12-month ) Tj ET Q q 0 0 0 rg BT 260.62 630.75 Td (period ) Tj ET Q q 0 0 0 rg BT 289.11 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 299.84 630.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 347.75 630.75 Td (with ) Tj ET Q q 0 0 0 rg BT 368.48 630.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 390.87 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 408.25 630.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 455.64 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 466.92 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 482.08 630.75 Td (SEC.��) Tj ET Q q 0 0 0 rg BT 507.74 630.75 Td (These ) Tj ET Q q 0 0 0 rg BT 534.57 630.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 630.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.07 618.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.21 618.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 127.89 618.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 167.91 618.75 Td (do ) Tj ET Q q 0 0 0 rg BT 180.72 618.75 Td (not ) Tj ET Q q 0 0 0 rg BT 196.31 618.75 Td (include ) Tj ET Q q 0 0 0 rg BT 228.55 618.75 Td (any ) Tj ET Q q 0 0 0 rg BT 245.80 618.75 Td (value ) Tj ET Q q 0 0 0 rg BT 270.26 618.75 Td (for ) Tj ET Q q 0 0 0 rg BT 284.73 618.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 322.52 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 333.66 618.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 369.25 618.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 404.82 618.75 Td (that ) Tj ET Q q 0 0 0 rg BT 422.62 618.75 Td (may ) Tj ET Q q 0 0 0 rg BT 442.65 618.75 Td (exist, ) Tj ET Q q 0 0 0 rg BT 466.84 618.75 Td (nor ) Tj ET Q q 0 0 0 rg BT 482.98 618.75 Td (do ) Tj ET Q q 0 0 0 rg BT 495.79 618.75 Td (they ) Tj ET Q q 0 0 0 rg BT 515.82 618.75 Td (include ) Tj ET Q q 0 0 0 rg BT 548.06 618.75 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 606.75 Td (for ) Tj ET Q q 0 0 0 rg BT 87.82 606.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 141.41 606.75 Td (acreage.��) Tj ET Q q 0 0 0 rg BT 179.25 606.75 Td (The ) Tj ET Q q 0 0 0 rg BT 197.30 606.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 228.67 606.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 268.38 606.75 Td (represent ) Tj ET Q q 0 0 0 rg BT 307.52 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 323.35 606.75 Td (net ) Tj ET Q q 0 0 0 rg BT 338.07 606.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 372.21 606.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 404.15 606.75 Td (in ) Tj ET Q q 0 0 0 rg BT 414.43 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 430.26 606.75 Td (properties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.92 582.75 Td (following ) Tj ET Q q 0 0 0 rg BT 127.68 582.75 Td (table ) Tj ET Q q 0 0 0 rg BT 149.99 582.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 187.30 582.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 228.49 582.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 259.14 582.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 290.88 582.75 Td (information ) Tj ET Q q 0 0 0 rg BT 340.96 582.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 378.81 582.75 Td (by ) Tj ET Q q 0 0 0 rg BT 391.68 582.75 Td (D&M ) Tj ET Q q 0 0 0 rg BT 418.45 582.75 Td (as ) Tj ET Q q 0 0 0 rg BT 429.65 582.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.86 582.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 499.81 582.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.81 582.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.19 582.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.19 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 582.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 570.75 Td (, ) Tj ET Q q 0 0 0 rg BT 73.78 570.75 Td (as ) Tj ET Q q 0 0 0 rg BT 83.89 570.75 Td (well ) Tj ET Q q 0 0 0 rg BT 102.88 570.75 Td (as ) Tj ET Q q 0 0 0 rg BT 112.99 570.75 Td (PV) Tj ET Q q 0 0 0 rg BT 124.86 570.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 139.84 570.75 Td (V) Tj ET Q q 0 0 0 rg BT 145.95 570.75 Td (alues ) Tj ET Q q 0 0 0 rg BT 168.28 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.49 570.75 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 238.47 570.75 Td (Measures ) Tj ET Q q 0 0 0 rg BT 278.57 570.75 Td (for ) Tj ET Q q 0 0 0 rg BT 292.01 570.75 Td (each ) Tj ET Q q 0 0 0 rg BT 312.11 570.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 341.93 570.75 Td ( ) Tj ET Q q 0 0 0 rg BT 343.58 570.75 Td (There ) Tj ET Q q 0 0 0 rg BT 368.68 570.75 Td (are ) Tj ET Q q 0 0 0 rg BT 382.66 570.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 423.88 570.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 476.75 570.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 511.29 570.75 Td (in ) Tj ET Q q 0 0 0 rg BT 520.85 570.75 Td (estimating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 91.21 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 102.37 558.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 132.96 558.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 146.35 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.61 558.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 194.20 558.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 210.36 558.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 245.95 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 263.21 558.75 Td (their ) Tj ET Q q 0 0 0 rg BT 284.36 558.75 Td (values, ) Tj ET Q q 0 0 0 rg BT 315.24 558.75 Td (including ) Tj ET Q q 0 0 0 rg BT 355.84 558.75 Td (many ) Tj ET Q q 0 0 0 rg BT 380.88 558.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 410.92 558.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 443.18 558.75 Td (our ) Tj ET Q q 0 0 0 rg BT 459.34 558.75 Td (control, ) Tj ET Q q 0 0 0 rg BT 492.99 558.75 Td (which ) Tj ET Q q 0 0 0 rg BT 520.26 558.75 Td (are ) Tj ET Q q 0 0 0 rg BT 535.29 558.75 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (discussed ) Tj ET Q q 0 0 0 rg BT 91.02 546.75 Td (in ) Tj ET Q q 0 0 0 rg BT 101.98 546.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 123.50 546.75 Td (1A, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 141.41 546.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 161.81 546.75 Td (Factors ) Tj ET Q q 0 0 0 rg BT 196.11 546.75 Td (� ) Tj ET Q q 0 0 0 rg BT 204.29 546.75 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 250.82 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 267.89 546.75 Td (r) Tj ET Q q 0 0 0 rg BT 271.42 546.75 Td (eserves, ) Tj ET Q q 0 0 0 rg BT 306.53 546.75 Td (pr) Tj ET Q q 0 0 0 rg BT 315.05 546.75 Td (oduction ) Tj ET Q q 0 0 0 rg BT 353.23 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.42 546.75 Td (futur) Tj ET Q q 0 0 0 rg BT 390.50 546.75 Td (e ) Tj ET Q q 0 0 0 rg BT 398.13 546.75 Td (net ) Tj ET Q q 0 0 0 rg BT 413.53 546.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.05 546.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 459.35 546.75 Td (is ) Tj ET Q q 0 0 0 rg BT 469.21 546.75 Td (difficult ) Tj ET Q q 0 0 0 rg BT 503.51 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 514.47 546.75 Td (do ) Tj ET Q q 0 0 0 rg BT 527.66 546.75 Td (with ) Tj ET Q q 0 0 0 rg BT 548.07 546.75 Td (any ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (certainty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.04 534.75 Td (.��See ) Tj ET Q q 0 0 0 rg BT 109.51 534.75 Td (also ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 128.14 534.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 143.45 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 160.97 534.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 194.62 534.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 213.26 534.75 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.26 534.75 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 260.79 534.75 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.79 534.75 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 268.31 534.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 291.94 534.75 Td (Summary ) Tj ET Q q 0 0 0 rg BT 332.24 534.75 Td (T) Tj ET Q q 0 0 0 rg BT 336.89 534.75 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 356.63 534.75 Td (and�) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 373.57 534.75 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 430.53 534.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 445.84 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.36 534.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 497.01 534.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 515.65 534.75 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 554.17 534.75 Td (es ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 522.75 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.38 522.75 Td ( ) Tj ET Q q 0 0 0 rg BT 100.88 522.75 Td (to ) Tj ET Q q 0 0 0 rg BT 111.16 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 125.87 522.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 181.15 522.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 220.86 522.75 Td (Statements ) Tj ET Q q 0 0 0 rg BT 267.24 522.75 Td (for ) Tj ET Q q 0 0 0 rg BT 281.40 522.75 Td (further ) Tj ET Q q 0 0 0 rg BT 311.11 522.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 355.28 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 366.11 522.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 397.47 522.75 Td (inputs ) Tj ET Q q 0 0 0 rg BT 424.42 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.36 522.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 476.07 522.75 Td (between ) Tj ET Q q 0 0 0 rg BT 511.88 522.75 Td (periods.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 482.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 482.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 482.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 482.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 482.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 482.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 452.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 452.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 452.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 452.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 452.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 452.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 422.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 422.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 422.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 422.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 422.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 422.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 392.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 392.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 392.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 392.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 392.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 392.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 362.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 362.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 362.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 362.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 362.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 362.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 332.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 332.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 332.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 332.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 332.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 332.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 302.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 302.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 302.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 302.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 302.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 302.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 272.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 272.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 272.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 272.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 272.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 272.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 242.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 242.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 242.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 242.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 242.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 242.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 212.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 212.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 212.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 212.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 182.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 182.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 182.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 182.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 152.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 152.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 152.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 152.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 122.25 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 122.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 122.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 122.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 82.25 309.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 82.25 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 82.25 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 82.25 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 82.25 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 82.25 65.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 497.25 m 424 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 497.25 m 428 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 497.25 m 493 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 497.25 m 497 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 497.25 m 562 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 497.25 m 424 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 482.25 m 424 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 497.25 m 493 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 482.25 m 493 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 497.25 m 562 497.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 482.25 m 562 482.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 501.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.95 501.92 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 486.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 486.92 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 486.92 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 486.92 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 471.93 Td (Estimated pr) Tj ET Q q 0 0 0 rg BT 108.24 471.93 Td (oved r) Tj ET Q q 0 0 0 rg BT 135.00 471.93 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 471.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 471.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 471.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 456.92 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 456.92 Td (226,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 456.92 Td (255,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 456.92 Td (252,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 441.92 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 441.92 Td (24,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 441.92 Td (43,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 441.92 Td (42,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 426.92 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 426.92 Td (230,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 426.92 Td (262,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 426.92 Td (259,745) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 411.93 Td (Reserve volumes categories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 411.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 411.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 411.92 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 396.93 Td (Pr) Tj ET Q q 0 0 0 rg BT 74.96 396.93 Td (oved developed pr) Tj ET Q q 0 0 0 rg BT 152.55 396.93 Td (oducing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 396.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 396.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 396.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 381.92 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 381.92 Td (178,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 381.92 Td (200,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 381.92 Td (189,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 366.92 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 366.92 Td (21,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 366.92 Td (39,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 366.92 Td (38,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 351.92 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 351.92 Td (182,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 351.92 Td (207,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 351.92 Td (195,530) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 336.93 Td (Pr) Tj ET Q q 0 0 0 rg BT 74.96 336.93 Td (oved developed non-pr) Tj ET Q q 0 0 0 rg BT 172.01 336.93 Td (oducing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 336.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 336.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 336.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 321.92 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 321.92 Td (24,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 321.92 Td (21,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 321.92 Td (33,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 306.92 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 306.92 Td (2,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 306.92 Td (3,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 306.92 Td (4,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 291.92 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 291.92 Td (24,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 291.92 Td (22,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 291.92 Td (34,073) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 276.93 Td (Pr) Tj ET Q q 0 0 0 rg BT 74.87 276.93 Td (oved undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 276.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 276.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 276.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 261.92 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 261.92 Td (23,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 261.92 Td (32,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 261.92 Td (30,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 246.92 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 246.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 246.92 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 246.92 Td (286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 231.92 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 231.92 Td (23,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 231.92 Td (32,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 231.92 Td (30,142) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 216.93 Td (Per) Tj ET Q q 0 0 0 rg BT 67.30 216.93 Td (centage of total MBOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 216.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 216.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 216.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 201.92 Td (Proved developed producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 201.92 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 201.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 201.92 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 201.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 201.92 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 201.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 186.92 Td (Proved developed non-producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 186.92 Td (1) Tj ET Q q 0 0 0 rg BT 410.15 186.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 186.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 186.92 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 186.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 186.92 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 186.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 171.92 Td (Proved undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 171.92 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 171.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 171.92 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 171.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 171.92 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 171.92 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 156.93 Td (Repr) Tj ET Q q 0 0 0 rg BT 73.98 156.93 Td (esentative oil and natural gas prices) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 226.47 161.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 156.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 156.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 156.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 141.92 Td (Oil \(NYMEX price per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 141.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 141.92 Td (55.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 141.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 141.92 Td (65.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 141.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 141.92 Td (51.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 126.92 Td (Natural gas \(Henry Hub price per MMBtu\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 126.92 Td (2.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 126.92 Td (3.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 126.92 Td (2.98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 111.93 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.87 111.93 Td (esent values \(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 177.06 116.46 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 111.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 111.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 111.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 96.92 Td (Discounted estimated future net cash flows before income taxes \(PV) Tj ET Q q 0 0 0 rg BT 337.66 96.92 Td (-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 86.92 Td (V) Tj ET Q q 0 0 0 rg BT 79.61 86.92 Td (alue\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 99.60 91.45 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 86.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 86.92 Td (2,615,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 86.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 86.92 Td (4,025,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 86.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 86.92 Td (2,533,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 71.92 Td (Standardized measure of discounted estimated future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 61.92 Td (after income taxes \(�Standardized Measure�\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 61.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 61.92 Td (2,261,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 61.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg 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(of ) Tj ET Q q 0 0 0 rg BT 394.34 666.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 436.82 666.60 Td (settlements.) 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0 rg BT 523.52 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.02 594.60 Td ($2.25 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (per ) Tj ET Q q 0 0 0 rg BT 82.77 582.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 99.72 582.60 Td (below ) Tj ET Q q 0 0 0 rg BT 126.66 582.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 165.82 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.88 582.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 205.25 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 216.08 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.91 582.60 Td (December ) Tj ET Q q 0 0 0 rg BT 270.50 582.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 582.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 582.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (PV) Tj ET Q q 0 0 0 rg BT 79.37 558.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 94.71 558.60 Td (V) Tj ET Q q 0 0 0 rg BT 100.82 558.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 119.65 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 128.49 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 135.10 558.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 180.28 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.45 558.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 217.94 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.55 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.39 558.60 Td (dif) Tj ET Q q 0 0 0 rg BT 254.32 558.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 279.80 558.60 Td (from ) Tj ET Q q 0 0 0 rg BT 301.41 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.80 558.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 370.17 558.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 406.77 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.72 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 433.88 558.60 Td (PV) Tj ET Q q 0 0 0 rg BT 445.75 558.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 461.09 558.60 Td (V) Tj ET Q q 0 0 0 rg BT 467.21 558.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 486.03 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.87 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 501.48 558.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 531.97 558.60 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.83 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.93 546.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 155.02 546.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 192.33 546.60 Td (is ) Tj ET Q q 0 0 0 rg BT 201.89 546.60 Td (an ) Tj ET Q q 0 0 0 rg BT 214.22 546.60 Td (after) Tj ET Q q 0 0 0 rg BT 232.33 546.60 Td (-tax ) Tj ET Q q 0 0 0 rg BT 250.77 546.60 Td (number) Tj ET Q q 0 0 0 rg BT 280.76 546.60 Td (. ) Tj ET Q q 0 0 0 rg BT 286.15 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 289.04 546.60 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 306.36 546.60 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 351.73 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.62 546.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 396.38 546.60 Td (Measur) Tj ET Q q 0 0 0 rg BT 426.57 546.60 Td (es ) Tj ET Q q 0 0 0 rg BT 437.78 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 455.67 546.60 Td (Reconciliations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.88 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 520.76 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 535.31 546.60 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.00 510.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 116.72 510.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 160.77 510.60 Td (non-producing ) Tj ET Q q 0 0 0 rg BT 222.59 510.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 258.30 510.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 298.47 510.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 329.19 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.48 510.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 355.09 510.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 390.80 510.60 Td (within ) Tj ET Q q 0 0 0 rg BT 419.30 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 426.69 510.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 457.41 510.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 489.23 510.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 513.29 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.02 510.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 547.51 510.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 69.91 498.60 Td (not ) Tj ET Q q 0 0 0 rg BT 84.22 498.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 97.97 498.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 147.80 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 153.77 498.60 Td (response ) Tj ET Q q 0 0 0 rg BT 190.29 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 211.27 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 225.16 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.41 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 229.94 498.60 Td (injection, ) Tj ET Q q 0 0 0 rg BT 268.96 498.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 282.15 498.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 316.44 498.60 Td (that ) Tj ET Q q 0 0 0 rg BT 332.97 498.60 Td (will ) Tj ET Q q 0 0 0 rg BT 350.06 498.60 Td (be ) Tj ET Q q 0 0 0 rg BT 361.03 498.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 401.98 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 422.95 498.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 460.57 498.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 504.87 498.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 529.17 498.60 Td (utilizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (minor ) Tj ET Q q 0 0 0 rg BT 76.58 486.60 Td (modifications ) Tj ET Q q 0 0 0 rg BT 134.77 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 145.74 486.60 Td (manage ) Tj ET Q q 0 0 0 rg BT 180.03 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.44 486.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 216.97 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.50 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 242.39 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.64 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 248.83 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 260.36 486.60 Td (water ) Tj ET Q q 0 0 0 rg BT 285.76 486.60 Td (within ) Tj ET Q q 0 0 0 rg BT 314.51 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.93 486.60 Td (reservoir) Tj ET Q q 0 0 0 rg BT 365.06 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 370.76 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.39 486.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 403.25 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 439.20 486.60 Td (that ) Tj ET Q q 0 0 0 rg BT 457.40 486.60 Td (will ) Tj ET Q q 0 0 0 rg BT 476.15 486.60 Td (be ) Tj ET Q q 0 0 0 rg BT 488.78 486.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 531.39 486.60 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (recompletions ) Tj ET Q q 0 0 0 rg BT 108.65 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 118.93 474.60 Td (other ) Tj ET Q q 0 0 0 rg BT 141.98 474.60 Td (intervals ) Tj ET Q q 0 0 0 rg BT 178.91 474.60 Td (above ) Tj ET Q q 0 0 0 rg BT 205.29 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 216.12 474.60 Td (below ) Tj ET Q q 0 0 0 rg BT 243.05 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.77 474.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 296.37 474.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 339.41 474.60 Td (interval.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.39 450.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 450.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 148.36 450.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.36 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.63 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.74 450.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 227.84 450.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 257.38 450.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 310.25 450.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 344.79 450.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 373.77 450.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.31 450.60 Td (23.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.81 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 452.59 450.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 494.65 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 504.75 450.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 70.49 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 81.49 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.48 438.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 138.46 438.60 Td (total ) Tj ET Q q 0 0 0 rg BT 158.90 438.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 189.33 438.60 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 229.04 438.60 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 292.24 438.60 Td (85% ) Tj ET Q q 0 0 0 rg BT 313.23 438.60 Td (\(19.8 ) Tj ET Q q 0 0 0 rg BT 336.73 438.60 Td (MMBOE\) ) Tj ET Q q 0 0 0 rg BT 380.50 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 391.49 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 407.49 438.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 437.92 438.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 491.67 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 504.89 438.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 540.31 438.60 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 58.82 426.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 92.01 426.60 Td (future ) Tj ET Q q 0 0 0 rg BT 117.42 426.60 Td (development ) Tj ET Q q 0 0 0 rg BT 170.61 426.60 Td (within ) Tj ET Q q 0 0 0 rg BT 197.70 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.57 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 226.46 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.71 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 231.25 426.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 261.66 426.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 300.96 426.60 Td (fields.��) Tj ET Q q 0 0 0 rg BT 330.49 426.60 Td (W) Tj ET Q q 0 0 0 rg BT 339.13 426.60 Td (e ) Tj ET Q q 0 0 0 rg BT 345.11 426.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 383.85 426.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 419.26 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.02 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 446.91 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.16 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 451.69 426.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 482.10 426.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 511.41 426.60 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.86 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.23 414.60 Td (be ) Tj ET Q q 0 0 0 rg BT 107.27 414.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 132.63 414.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 150.23 414.60 Td (than ) Tj ET Q q 0 0 0 rg BT 170.05 414.60 Td (other ) Tj ET Q q 0 0 0 rg BT 193.19 414.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 223.56 414.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 277.25 414.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 312.61 414.60 Td (that ) Tj ET Q q 0 0 0 rg BT 330.20 414.60 Td (require ) Tj ET Q q 0 0 0 rg BT 361.11 414.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 393.15 414.60 Td (at ) Tj ET Q q 0 0 0 rg BT 402.97 414.60 Td (locations ) Tj ET Q q 0 0 0 rg BT 441.67 414.60 Td (of) Tj ET Q q 0 0 0 rg BT 449.82 414.60 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 482.41 414.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 516.67 414.60 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (because ) Tj ET Q q 0 0 0 rg BT 84.41 402.60 Td (all ) Tj ET Q q 0 0 0 rg BT 97.66 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.25 402.60 Td (these ) Tj ET Q q 0 0 0 rg BT 133.06 402.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 164.09 402.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 218.44 402.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 254.46 402.60 Td (are ) Tj ET Q q 0 0 0 rg BT 269.93 402.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 314.29 402.60 Td (with ) Tj ET Q q 0 0 0 rg BT 335.33 402.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 367.46 402.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 405.69 402.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 450.61 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 461.65 402.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 487.13 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.83 402.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 547.52 402.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 96.87 390.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 136.45 390.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 181.60 390.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 217.87 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.58 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 241.51 390.60 Td (under ) Tj ET Q q 0 0 0 rg BT 266.66 390.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 300.69 390.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 348.89 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 350.75 390.60 Td (As ) Tj ET Q q 0 0 0 rg BT 364.24 390.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.95 390.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 433.41 390.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.41 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 458.29 390.60 Td (16.1 ) Tj ET Q q 0 0 0 rg BT 478.16 390.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 518.33 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 529.03 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 544.74 390.60 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.79 378.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 133.41 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 168.69 378.60 Td (are ) Tj ET Q q 0 0 0 rg BT 183.42 378.60 Td (not ) Tj ET Q q 0 0 0 rg BT 198.72 378.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 241.23 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 251.53 378.60 Td (be ) Tj ET Q q 0 0 0 rg BT 263.50 378.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 307.11 378.60 Td (within ) Tj ET Q q 0 0 0 rg BT 335.19 378.60 Td (five ) Tj ET Q q 0 0 0 rg BT 353.26 378.60 Td (years ) Tj ET Q q 0 0 0 rg BT 376.89 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.74 378.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 413.59 378.60 Td (booking, ) Tj ET Q q 0 0 0 rg BT 451.39 378.60 Td (all ) Tj ET Q q 0 0 0 rg BT 463.91 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 474.77 378.60 Td (which ) Tj ET Q q 0 0 0 rg BT 501.73 378.60 Td (are ) Tj ET Q q 0 0 0 rg BT 516.46 378.60 Td (part ) Tj ET Q q 0 0 0 rg BT 534.53 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 545.38 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.27 377.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 71.75 366.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 108.16 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.24 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 118.88 366.60 Td (e ) Tj ET Q q 0 0 0 rg BT 125.57 366.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 156.69 366.60 Td (these ) Tj ET Q q 0 0 0 rg BT 179.49 366.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 214.50 366.60 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 242.85 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.32 366.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 301.24 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 311.27 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 322.95 366.60 Td (included ) Tj ET Q q 0 0 0 rg BT 359.64 366.60 Td (as ) Tj ET Q q 0 0 0 rg BT 370.22 366.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 400.24 366.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 435.24 366.60 Td (because ) Tj ET Q q 0 0 0 rg BT 469.14 366.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 483.05 366.60 Td (we ) Tj ET Q q 0 0 0 rg BT 496.96 366.60 Td (have ) Tj ET Q q 0 0 0 rg BT 518.09 366.60 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.54 354.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 105.57 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 116.95 354.60 Td (follow ) Tj ET Q q 0 0 0 rg BT 146.66 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.48 354.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 208.30 354.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 243.56 354.60 Td (development ) Tj ET Q q 0 0 0 rg BT 298.81 354.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 319.62 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 334.89 354.60 Td (each ) Tj ET Q q 0 0 0 rg BT 356.80 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.73 354.60 Td (these ) Tj ET Q q 0 0 0 rg BT 392.88 354.60 Td (projects; ) Tj ET Q q 0 0 0 rg BT 430.92 354.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 446.18 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 461.44 354.60 Td (have ) Tj ET Q q 0 0 0 rg BT 483.92 354.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 529.73 354.60 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (development ) Tj ET Q q 0 0 0 rg BT 103.76 342.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 142.46 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 152.85 342.60 Td (each ) Tj ET Q q 0 0 0 rg BT 173.77 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.71 342.60 Td (these ) Tj ET Q q 0 0 0 rg BT 207.86 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 221.76 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.01 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 227.61 342.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 250.22 342.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 284.48 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.53 342.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 315.80 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 330.06 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 351.55 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 358.59 342.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 398.41 342.60 Td (record ) Tj ET Q q 0 0 0 rg BT 426.56 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 437.50 342.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 485.09 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.92 342.60 Td (development ) Tj ET Q q 0 0 0 rg BT 554.18 342.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 98.64 330.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 140.57 330.60 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.17 306.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 115.07 306.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 168.28 306.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 203.17 306.60 Td (at ) Tj ET Q q 0 0 0 rg BT 212.50 306.60 Td (December ) Tj ET Q q 0 0 0 rg BT 255.71 306.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 270.33 306.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 292.46 306.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.01 306.60 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.51 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 328.63 306.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 368.54 306.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.87 306.60 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.20 306.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 395.65 306.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 420.54 306.60 Td (than ) Tj ET Q q 0 0 0 rg BT 439.88 306.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.22 306.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 507.43 306.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.43 306.60 Td (. ) Tj ET Q q 0 0 0 rg BT 532.05 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 534.18 306.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 74.13 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 87.92 294.60 Td (spent ) Tj ET Q q 0 0 0 rg BT 111.16 294.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 171.04 294.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 188.17 294.60 Td (million ) Tj ET Q q 0 0 0 rg BT 219.19 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 229.10 294.60 Td (convert ) Tj ET Q q 0 0 0 rg BT 261.21 294.60 Td (9.5 ) Tj ET Q q 0 0 0 rg BT 275.84 294.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 315.75 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 326.21 294.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 356.11 294.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 409.33 294.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 444.22 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.13 294.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 484.03 294.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 527.25 294.60 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.26 282.60 Td (related ) Tj ET Q q 0 0 0 rg BT 119.01 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 129.34 282.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 171.32 282.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 202.74 282.60 Td (development ) Tj ET Q q 0 0 0 rg BT 256.94 282.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 295.58 282.60 Td (at ) Tj ET Q q 0 0 0 rg BT 305.35 282.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 324.56 282.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 350.98 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 367.97 282.60 Td (East ) Tj ET Q q 0 0 0 rg BT 387.74 282.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 426.98 282.60 Td (g ) Tj ET Q q 0 0 0 rg BT 434.53 282.60 Td (fields. ) Tj ET Q q 0 0 0 rg BT 461.79 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 464.34 282.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 489.66 282.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 524.41 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 534.74 282.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 102.46 270.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 137.09 270.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.06 270.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.06 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.93 270.60 Td (included ) Tj ET Q q 0 0 0 rg BT 223.23 270.60 Td (adding ) Tj ET Q q 0 0 0 rg BT 252.32 270.60 Td (an ) Tj ET Q q 0 0 0 rg BT 263.62 270.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 305.48 270.60 Td (2.7 ) Tj ET Q q 0 0 0 rg BT 319.85 270.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 359.50 270.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 398.58 270.60 Td (related ) Tj ET Q q 0 0 0 rg BT 427.65 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.30 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 452.49 270.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 483.23 270.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 526.76 270.60 Td (at ) Tj ET Q q 0 0 0 rg BT 535.84 270.60 Td (Oyster ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 79.03 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 96.90 258.60 Td (Brookhaven ) Tj ET Q q 0 0 0 rg BT 149.20 258.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 174.84 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.70 258.60 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 243.33 258.60 Td (net ) Tj ET Q q 0 0 0 rg BT 258.97 258.60 Td (downward ) Tj ET Q q 0 0 0 rg BT 304.60 258.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 344.14 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.89 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.65 258.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 403.84 258.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 458.36 258.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.54 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 506.29 258.60 Td (2.2 ) Tj ET Q q 0 0 0 rg BT 522.22 258.60 Td (MMBOE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.91 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.33 246.60 Td (result ) Tj ET Q q 0 0 0 rg BT 130.75 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.28 246.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 178.24 246.60 Td (that ) Tj ET Q q 0 0 0 rg BT 196.43 246.60 Td (were ) Tj ET Q q 0 0 0 rg BT 219.06 246.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 267.80 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.77 246.60 Td (unproved ) Tj ET Q q 0 0 0 rg BT 319.74 246.60 Td (based ) Tj ET Q q 0 0 0 rg BT 345.71 246.60 Td (on ) Tj ET Q q 0 0 0 rg BT 358.91 246.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 394.32 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 405.30 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 421.83 246.60 Td (waterflood ) Tj ET Q q 0 0 0 rg BT 468.35 246.60 Td (development ) Tj ET Q q 0 0 0 rg BT 523.20 246.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 547.51 246.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (would ) Tj ET Q q 0 0 0 rg BT 77.00 234.60 Td (now ) Tj ET Q q 0 0 0 rg BT 96.72 234.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 125.88 234.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 157.82 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.53 234.60 Td (five-year ) Tj ET Q q 0 0 0 rg BT 211.12 234.60 Td (development ) Tj ET Q q 0 0 0 rg BT 265.27 234.60 Td (timeframe.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 210.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.93 210.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.93 210.60 Td (, ) Tj ET Q q 0 0 0 rg BT 122.54 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 136.30 210.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 173.95 210.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 186.61 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.15 210.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.02 210.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 248.45 210.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 279.42 210.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 318.74 210.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 210.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.61 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 364.49 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 210.60 Td (United ) Tj ET Q q 0 0 0 rg BT 408.13 210.60 Td (States ) Tj ET Q q 0 0 0 rg BT 434.12 210.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 452.82 210.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 464.92 210.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 514.32 210.60 Td (Agency ) Tj ET Q q 0 0 0 rg BT 547.52 210.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 198.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 124.48 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.20 198.60 Td (same ) Tj ET Q q 0 0 0 rg BT 162.24 198.60 Td (as ) Tj ET Q q 0 0 0 rg BT 173.07 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.79 198.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 219.16 198.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 258.87 198.60 Td (included ) Tj ET Q q 0 0 0 rg BT 295.80 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.08 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 321.91 198.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 346.08 198.60 Td (10-K ) Tj ET Q q 0 0 0 rg BT 369.13 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 383.29 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.01 198.60 Td (year ) Tj ET Q q 0 0 0 rg BT 417.72 198.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.09 198.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 502.68 198.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.68 198.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 87.00 174.60 Td (Contr) Tj ET Q q 0 0 0 rg BT 112.37 174.60 Td (ols ) Tj ET Q q 0 0 0 rg BT 126.54 174.60 Td (Over) Tj ET Q q 0 0 0 rg BT 148.02 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.52 174.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 186.88 174.60 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 101.82 150.60 Td (information ) Tj ET Q q 0 0 0 rg BT 151.14 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.03 150.60 Td (this ) Tj ET Q q 0 0 0 rg BT 177.58 150.60 Td (report ) Tj ET Q q 0 0 0 rg BT 203.57 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 212.35 150.60 Td (based ) Tj ET Q q 0 0 0 rg BT 237.23 150.60 Td (on ) Tj ET Q q 0 0 0 rg BT 249.34 150.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 288.66 150.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 325.74 150.60 Td (by ) Tj ET Q q 0 0 0 rg BT 337.85 150.60 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 366.35 150.60 Td (an ) Tj ET Q q 0 0 0 rg BT 377.90 150.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 428.88 150.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 471.53 150.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 520.84 150.60 Td (consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 70.49 138.60 Td (located ) Tj ET Q q 0 0 0 rg BT 103.14 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 114.70 138.60 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 146.25 138.60 Td (T) Tj ET Q q 0 0 0 rg BT 151.66 138.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 175.71 138.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 212.82 138.60 Td (data ) Tj ET Q q 0 0 0 rg BT 233.25 138.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 272.57 138.60 Td (by ) Tj ET Q q 0 0 0 rg BT 286.35 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.46 138.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 337.78 138.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 377.10 138.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 428.08 138.60 Td (team ) Tj ET Q q 0 0 0 rg BT 451.29 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.50 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 479.95 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.95 138.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 554.17 138.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 105.85 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.42 126.60 Td (W) Tj ET Q q 0 0 0 rg BT 117.05 126.60 Td (e ) Tj ET Q q 0 0 0 rg BT 124.26 126.60 Td (rely ) Tj ET Q q 0 0 0 rg BT 142.57 126.60 Td (on ) Tj ET Q q 0 0 0 rg BT 155.33 126.60 Td (D&M�) Tj ET Q q 0 0 0 rg BT 182.00 126.60 Td (s ) Tj ET Q q 0 0 0 rg BT 188.66 126.60 Td (expertise ) Tj ET Q q 0 0 0 rg BT 227.51 126.60 Td (to�ensure ) Tj ET Q q 0 0 0 rg BT 266.65 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 284.41 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 300.51 126.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 332.14 126.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 372.11 126.60 Td (are ) Tj ET Q q 0 0 0 rg BT 387.08 126.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 424.82 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 435.36 126.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 484.22 126.60 Td (with ) Tj ET Q q 0 0 0 rg BT 504.76 126.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 525.86 126.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 548.06 126.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.22 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.95 114.60 Td (that ) Tj ET Q q 0 0 0 rg BT 127.23 114.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 174.05 114.60 Td (geologic, ) Tj ET Q q 0 0 0 rg BT 212.27 114.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 254.10 114.60 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 305.09 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.82 114.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 363.76 114.60 Td (principles ) Tj ET Q q 0 0 0 rg BT 404.48 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.21 114.60 Td (techniques ) Tj ET Q q 0 0 0 rg BT 464.26 114.60 Td (are ) Tj ET Q q 0 0 0 rg BT 477.75 114.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 508.48 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 517.54 114.60 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.03 102.60 Td (practices ) Tj ET Q q 0 0 0 rg BT 106.31 102.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.26 102.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 190.88 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 202.63 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.59 102.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 258.89 102.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 293.42 102.60 Td (as ) Tj ET Q q 0 0 0 rg BT 303.50 102.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 343.56 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.09 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.06 102.60 Td (publication ) Tj ET Q q 0 0 0 rg BT 413.80 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.88 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.85 102.60 Td (Society ) Tj ET Q q 0 0 0 rg BT 469.59 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.67 102.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 522.53 102.60 Td (Engineers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 82.06 90.60 Td (�Standards ) Tj ET Q q 0 0 0 rg BT 128.50 90.60 Td (Pertaining ) Tj ET Q q 0 0 0 rg BT 172.17 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.51 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.29 90.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 243.19 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.62 90.60 Td (Auditing ) Tj ET Q q 0 0 0 rg BT 297.74 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.64 90.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 323.98 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.99 90.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 359.10 90.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 397.77 90.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 448.09 90.60 Td (\(Revision ) Tj ET Q q 0 0 0 rg BT 489.55 90.60 Td (as ) Tj ET Q q 0 0 0 rg BT 500.44 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.34 90.60 Td (February ) Tj ET Q q 0 0 0 rg BT 550.00 90.60 Td (19, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (2007\)�.� ) Tj ET Q q 0 0 0 rg BT 84.93 78.60 Td (The ) Tj ET Q q 0 0 0 rg BT 103.35 78.60 Td (person ) Tj ET Q q 0 0 0 rg BT 132.88 78.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 181.30 78.60 Td (for ) Tj ET Q q 0 0 0 rg BT 195.83 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.92 78.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 259.32 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.52 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.61 78.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 317.35 78.60 Td (report ) Tj ET Q q 0 0 0 rg BT 344.10 78.60 Td (is ) Tj ET Q q 0 0 0 rg BT 353.64 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 360.95 78.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 389.72 78.60 Td (V) Tj ET Q q 0 0 0 rg BT 396.34 78.60 Td (ice ) Tj ET Q q 0 0 0 rg BT 410.87 78.60 Td (President ) Tj ET Q q 0 0 0 rg BT 450.96 78.60 Td (at ) Tj ET Q q 0 0 0 rg BT 461.04 78.60 Td (D&M; ) Tj ET Q q 0 0 0 rg BT 490.58 78.60 Td (he ) Tj ET Q q 0 0 0 rg BT 502.89 78.60 Td (is ) Tj ET Q q 0 0 0 rg BT 512.43 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 519.74 78.60 Td (Registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (Professional ) Tj ET Q q 0 0 0 rg BT 100.85 66.60 Td (Engineer ) Tj ET Q q 0 0 0 rg BT 138.85 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.54 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.66 66.60 Td (State ) Tj ET Q q 0 0 0 rg BT 184.57 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.67 66.60 Td (T) Tj ET Q q 0 0 0 rg BT 200.08 66.60 Td (exas. ) Tj ET Q q 0 0 0 rg BT 222.26 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.17 66.60 Td (He ) Tj ET Q q 0 0 0 rg BT 237.74 66.60 Td (received ) Tj ET Q q 0 0 0 rg BT 273.51 66.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.85 66.60 Td (Master ) Tj ET Q q 0 0 0 rg BT 309.53 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.77 66.60 Td (Science ) Tj ET Q q 0 0 0 rg BT 352.77 66.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 381.33 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.02 66.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 434.03 66.60 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 484.81 66.60 Td (from ) Tj ET 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(gas ) Tj ET Q q 0 0 0 rg BT 533.63 570.60 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (estimates.� ) Tj ET Q q 0 0 0 rg BT 94.35 558.60 Td (The ) Tj ET Q q 0 0 0 rg BT 112.74 558.60 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 155.01 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.18 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.24 558.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 220.18 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.46 558.60 Td (HSE ) Tj ET Q q 0 0 0 rg BT 259.20 558.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 306.48 558.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 330.99 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 338.27 558.60 Td (Ph.D. ) Tj ET Q q 0 0 0 rg BT 363.89 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 374.51 558.60 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 415.68 558.60 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 467.39 558.60 Td (from ) Tj ET Q q 0 0 0 rg BT 489.67 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.73 558.60 Td (Massachusetts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 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546.60 Td (more ) Tj ET Q q 0 0 0 rg BT 545.30 546.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (35 ) Tj ET Q q 0 0 0 rg BT 62.00 534.60 Td (years ) Tj ET Q q 0 0 0 rg BT 85.60 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.43 534.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 131.71 534.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 180.01 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.29 534.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 263.34 534.60 Td (including ) Tj ET Q q 0 0 0 rg BT 303.61 534.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 338.87 534.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 386.90 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.84 534.60 Td (approval.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (OIL) Tj ET Q q 0 0 0 rg BT 67.29 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.24 510.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 93.40 510.60 Td (NA) Tj ET Q q 0 0 0 rg BT 107.10 510.60 Td (TURAL) Tj ET Q q 0 0 0 rg BT 141.56 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 144.06 510.60 Td (GAS ) Tj ET Q q 0 0 0 rg BT 167.12 510.60 Td (OPERA) Tj ET Q q 0 0 0 rg BT 201.38 510.60 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (Summary) Tj ET Q q 0 0 0 rg BT 109.17 486.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.67 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.08 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.49 486.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 134.45 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.42 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.27 486.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 194.44 486.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 210.18 486.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 252.57 486.60 Td (are ) Tj ET Q q 0 0 0 rg BT 267.19 486.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 320.68 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.87 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.49 486.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 366.23 486.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 391.42 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.27 486.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 436.79 486.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 478.08 486.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 509.93 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.67 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 535.30 486.60 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (States.��Currently ) Tj ET Q q 0 0 0 rg BT 121.88 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.88 474.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 180.54 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.99 474.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 231.42 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.53 474.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 291.75 474.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 327.18 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.63 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.51 474.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 373.51 474.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 398.96 474.60 Td (region ) Tj ET Q q 0 0 0 rg BT 427.18 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 442.05 474.60 Td (situated ) Tj ET Q q 0 0 0 rg BT 475.83 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 486.28 474.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 536.82 474.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 474.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 462.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 111.74 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 129.11 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 139.82 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.97 462.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 184.02 462.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 225.84 462.60 Td (region ) Tj ET Q q 0 0 0 rg BT 254.32 462.60 Td (are ) Tj ET Q q 0 0 0 rg BT 269.46 462.60 Td (situated ) Tj ET Q q 0 0 0 rg BT 303.49 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.21 462.60 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 355.19 462.60 Td (North ) Tj ET Q q 0 0 0 rg BT 381.45 462.60 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 413.26 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 430.42 462.60 Td (W) Tj ET Q q 0 0 0 rg BT 439.26 462.60 Td (yoming. ) Tj ET Q q 0 0 0 rg BT 475.25 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 478.18 462.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 496.67 462.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 531.26 462.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 555.85 462.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 92.81 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.23 450.60 Td (value ) Tj ET Q q 0 0 0 rg BT 131.10 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 141.64 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 157.19 450.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 199.38 450.60 Td (through ) Tj ET Q q 0 0 0 rg BT 232.70 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 239.35 450.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 291.56 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 302.10 450.60 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 354.58 450.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 386.23 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.88 450.60 Td (proven ) Tj ET Q q 0 0 0 rg BT 432.86 450.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 482.28 450.60 Td (extraction ) Tj ET Q q 0 0 0 rg BT 524.47 450.60 Td (practices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (with ) Tj ET Q q 0 0 0 rg BT 70.77 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 86.49 438.60 Td (most ) Tj ET Q q 0 0 0 rg BT 109.43 438.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 155.14 438.60 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 195.85 438.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 229.89 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.17 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 255.06 437.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.58 438.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 284.07 438.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 331.73 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 335.22 438.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 354.27 438.60 Td (current ) Tj ET Q q 0 0 0 rg BT 386.08 438.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 424.57 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.40 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 450.29 437.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.54 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 457.04 438.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 480.53 438.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 515.68 438.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 553.62 438.60 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.37 426.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 109.59 426.60 Td (production ) Tj ET Q q 0 0 0 rg BT 156.57 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.67 426.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 207.20 426.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 239.19 426.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 277.84 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 289.28 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.15 426.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 335.19 426.60 Td (assuming ) Tj ET Q q 0 0 0 rg BT 376.63 426.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 402.49 426.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 416.71 426.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 444.25 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 460.11 426.60 Td (at ) Tj ET Q q 0 0 0 rg BT 470.99 426.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 497.97 426.60 Td (that ) Tj ET Q q 0 0 0 rg BT 516.63 426.60 Td (support ) Tj ET Q q 0 0 0 rg BT 550.29 426.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.48 414.60 Td (those ) Tj ET Q q 0 0 0 rg BT 138.09 414.60 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 390.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.13 390.60 Td (have ) Tj ET Q q 0 0 0 rg BT 104.57 390.60 Td (been ) Tj ET Q q 0 0 0 rg BT 126.00 390.60 Td (conducting ) Tj ET Q q 0 0 0 rg BT 172.99 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.99 390.60 Td (expanding ) Tj ET Q q 0 0 0 rg BT 234.20 390.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 256.76 390.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 300.97 390.60 Td (on ) Tj ET Q q 0 0 0 rg BT 313.53 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 329.42 390.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 355.31 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 365.64 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.42 390.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 401.30 390.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 426.64 390.60 Td (region ) Tj ET Q q 0 0 0 rg BT 454.75 390.60 Td (since ) Tj ET Q q 0 0 0 rg BT 477.85 390.60 Td (1999, ) Tj ET Q q 0 0 0 rg BT 502.91 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.90 390.60 Td (as ) Tj ET Q q 0 0 0 rg BT 530.79 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 390.60 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.81 378.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 102.56 378.60 Td (have ) Tj ET Q q 0 0 0 rg BT 124.09 378.60 Td (many ) Tj ET Q q 0 0 0 rg BT 148.96 378.60 Td (more ) Tj ET Q q 0 0 0 rg BT 172.16 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 186.06 377.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.30 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.96 378.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 214.61 378.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 248.92 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.35 378.60 Td (this ) Tj ET Q q 0 0 0 rg BT 276.46 378.60 Td (region ) Tj ET Q q 0 0 0 rg BT 304.66 378.60 Td (than ) Tj ET Q q 0 0 0 rg BT 324.53 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 334.96 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.83 378.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 378.59 378.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 420.13 378.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 450.83 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 453.29 378.60 Td (W) Tj ET Q q 0 0 0 rg BT 461.93 378.60 Td (e ) Tj ET Q q 0 0 0 rg BT 469.02 378.60 Td (began ) Tj ET Q q 0 0 0 rg BT 495.56 378.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 539.86 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 378.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.81 366.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 118.90 366.60 Td (region ) Tj ET Q q 0 0 0 rg BT 146.65 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 156.63 366.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 178.83 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.81 366.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 234.88 366.60 Td (with, ) Tj ET Q q 0 0 0 rg BT 257.36 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.00 366.60 Td (following, ) Tj ET Q q 0 0 0 rg BT 317.59 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 333.12 366.60 Td (mer) Tj ET Q q 0 0 0 rg BT 348.48 366.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 363.45 366.60 Td (with ) Tj ET Q q 0 0 0 rg BT 383.43 366.60 Td (Encore ) Tj ET Q q 0 0 0 rg BT 413.46 366.60 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 462.33 366.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.42 366.60 Td (\(�Encore�\). ) Tj ET Q q 0 0 0 rg BT 551.97 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 366.60 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 73.56 354.60 Td (as ) Tj ET Q q 0 0 0 rg BT 83.46 354.60 Td (part ) Tj ET Q q 0 0 0 rg BT 100.56 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.46 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.46 354.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 160.23 354.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 177.34 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.34 354.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 232.66 354.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 278.09 354.60 Td (with ) Tj ET Q q 0 0 0 rg BT 297.43 354.60 Td (Exxon ) Tj ET Q q 0 0 0 rg BT 325.11 354.60 Td (Mobil ) Tj ET Q q 0 0 0 rg BT 351.12 354.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 401.00 354.60 Td (\(�ExxonMobil�\), ) Tj ET Q q 0 0 0 rg BT 471.16 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 484.38 354.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 502.62 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.96 354.60 Td (ExxonMobil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.49 342.60 Td (Bakken ) Tj ET Q q 0 0 0 rg BT 98.70 342.60 Td (area ) Tj ET Q q 0 0 0 rg BT 118.01 342.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.01 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 154.45 342.60 Td (North ) Tj ET Q q 0 0 0 rg BT 180.44 342.60 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 211.98 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 229.08 342.60 Td (Montana ) Tj ET Q q 0 0 0 rg BT 267.30 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 277.74 342.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 318.15 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 332.48 342.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 346.80 342.60 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 366.97 342.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 395.74 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.18 342.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 429.12 342.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 443.44 342.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.87 342.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 519.86 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 530.30 342.60 Td (Hartzog ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 73.98 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.53 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 99.17 330.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 125.31 330.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 149.80 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 159.68 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 168.52 330.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 201.35 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 217.89 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 223.30 330.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 245.84 330.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 293.50 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 298.28 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 314.98 330.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 328.92 330.60 Td (an ) Tj ET Q q 0 0 0 rg BT 340.62 330.60 Td (overriding ) Tj ET Q q 0 0 0 rg BT 384.55 330.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 415.15 330.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 446.85 330.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 490.77 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 500.82 330.60 Td (an ) Tj ET Q q 0 0 0 rg BT 512.53 330.60 Td (approximate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (one-third ) Tj ET Q q 0 0 0 rg BT 88.41 318.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 132.33 318.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.02 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.06 318.60 Td (ExxonMobil�) Tj ET Q q 0 0 0 rg BT 227.39 318.60 Td (s ) Tj ET Q q 0 0 0 rg BT 233.54 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 247.43 317.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.68 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 252.94 318.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 287.96 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 297.99 318.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 322.80 318.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 334.49 318.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 357.31 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 367.18 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 376.02 318.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 408.83 318.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 426.63 318.60 Td (�Bakken ) Tj ET Q q 0 0 0 rg BT 463.88 318.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 505.39 318.60 Td (T) Tj ET Q q 0 0 0 rg BT 511.15 318.60 Td (ransaction�\). ) Tj ET Q q 0 0 0 rg BT 565.01 318.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (In ) Tj ET Q q 0 0 0 rg BT 60.29 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.96 306.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 95.74 306.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 120.98 306.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 151.48 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 165.59 306.60 Td (own ) Tj ET Q q 0 0 0 rg BT 185.27 306.60 Td (what ) Tj ET Q q 0 0 0 rg BT 207.16 306.60 Td (is, ) Tj ET Q q 0 0 0 rg BT 218.79 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 229.02 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 244.81 306.60 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 293.64 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.31 306.60 Td (region�) Tj ET Q q 0 0 0 rg BT 336.64 306.60 Td (s ) Tj ET Q q 0 0 0 rg BT 342.98 306.60 Td (only ) Tj ET Q q 0 0 0 rg BT 363.22 306.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 407.88 306.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 445.88 306.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 486.65 306.60 Td (source ) Tj ET Q q 0 0 0 rg BT 515.20 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.99 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 539.88 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.13 306.60 Td (, ) Tj ET Q q 0 0 0 rg BT 548.09 306.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (these ) Tj ET Q q 0 0 0 rg BT 71.89 294.60 Td (lar) Tj ET Q q 0 0 0 rg BT 82.26 294.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 93.54 294.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 129.27 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.44 294.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 176.83 294.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 216.99 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 230.88 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.13 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 235.97 294.60 Td (give ) Tj ET Q q 0 0 0 rg BT 255.03 294.60 Td (us ) Tj ET Q q 0 0 0 rg BT 265.76 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 272.05 294.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 316.10 294.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 365.15 294.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 407.53 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.15 294.60 Td (this ) Tj ET Q q 0 0 0 rg BT 433.44 294.60 Td (area. ) Tj ET Q q 0 0 0 rg BT 454.43 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 456.27 294.60 Td (In ) Tj ET Q q 0 0 0 rg BT 466.45 294.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 501.06 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 510.68 294.60 Td (this ) Tj ET Q q 0 0 0 rg BT 526.98 294.60 Td (naturally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 90.77 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.66 281.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.91 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.86 282.60 Td (source, ) Tj ET Q q 0 0 0 rg BT 142.41 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 157.03 282.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 184.97 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 198.86 281.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.03 282.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 241.41 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 263.80 282.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 304.53 282.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 337.47 282.60 Td (which ) Tj ET Q q 0 0 0 rg BT 364.86 282.60 Td (would ) Tj ET Q q 0 0 0 rg BT 392.81 282.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 434.65 282.60 Td (be ) Tj ET Q q 0 0 0 rg BT 447.04 282.60 Td (released ) Tj ET Q q 0 0 0 rg BT 482.74 282.60 Td (into ) Tj ET Q q 0 0 0 rg BT 501.25 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.42 282.60 Td (atmosphere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (\(sometimes ) Tj ET Q q 0 0 0 rg BT 98.14 270.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 132.31 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 142.62 270.60 Td (as ) Tj ET Q q 0 0 0 rg BT 153.48 270.60 Td (anthropogenic, ) Tj ET Q q 0 0 0 rg BT 215.72 270.60 Td (man-made ) Tj ET Q q 0 0 0 rg BT 260.46 270.60 Td (or ) Tj ET Q q 0 0 0 rg BT 271.32 270.60 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 341.06 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 354.95 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.20 270.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 364.06 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 374.38 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 390.24 270.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 421.65 270.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 468.34 270.60 Td (including ) Tj ET Q q 0 0 0 rg BT 508.64 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 522.53 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.78 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.32 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 270.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 74.30 258.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 87.43 258.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 111.67 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 122.86 258.60 Td (W) Tj ET Q q 0 0 0 rg BT 131.70 258.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 168.44 258.60 Td (which ) Tj ET Q q 0 0 0 rg BT 196.56 258.60 Td (is ) Tj ET Q q 0 0 0 rg BT 206.91 258.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 245.02 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 256.48 258.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 307.38 258.60 Td (with ) Tj ET Q q 0 0 0 rg BT 328.84 258.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 375.29 258.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 406.75 258.60 Td (from ) Tj ET Q q 0 0 0 rg BT 429.87 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.77 258.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 470.57 258.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 483.69 258.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 507.93 258.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 524.95 258.60 Td (stream ) Tj ET Q q 0 0 0 rg BT 555.29 258.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (ExxonMobil�) Tj ET Q q 0 0 0 rg BT 102.83 246.60 Td (s ) Tj ET Q q 0 0 0 rg BT 109.42 246.60 Td (Shute ) Tj ET Q q 0 0 0 rg BT 134.88 246.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 161.45 246.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 177.47 246.60 Td (plant. ) Tj ET Q q 0 0 0 rg BT 202.65 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 205.15 246.60 Td (These ) Tj ET Q q 0 0 0 rg BT 231.72 246.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 272.18 246.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 304.86 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 315.88 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 329.77 245.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.77 246.60 Td (help ) Tj ET Q q 0 0 0 rg BT 354.67 246.60 Td (us ) Tj ET Q q 0 0 0 rg BT 366.25 246.60 Td (recover ) Tj ET Q q 0 0 0 rg BT 398.92 246.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 441.60 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 454.84 246.60 Td (from ) Tj ET Q q 0 0 0 rg BT 476.97 246.60 Td (mature ) Tj ET Q q 0 0 0 rg BT 507.43 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 520.67 246.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 545.58 246.60 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.48 234.60 Td (believe, ) Tj ET Q q 0 0 0 rg BT 97.18 234.60 Td (also ) Tj ET Q q 0 0 0 rg BT 115.61 234.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 148.48 234.60 Td (an ) Tj ET Q q 0 0 0 rg BT 160.25 234.60 Td (economical ) Tj ET Q q 0 0 0 rg BT 208.66 234.60 Td (way ) Tj ET Q q 0 0 0 rg BT 227.64 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 237.75 234.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 266.72 234.60 Td (atmospheric ) Tj ET Q q 0 0 0 rg BT 317.91 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 331.80 233.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.56 234.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 378.34 234.60 Td (through ) Tj ET Q q 0 0 0 rg BT 411.77 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 426.31 234.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 469.73 234.60 Td (under) Tj ET Q q 0 0 0 rg BT 492.32 234.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 522.97 234.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 554.17 234.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 221.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.27 222.60 Td (which ) Tj ET Q q 0 0 0 rg BT 95.20 222.60 Td (incidentally ) Tj ET Q q 0 0 0 rg BT 144.91 222.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 173.51 222.60 Td (as ) Tj ET Q q 0 0 0 rg BT 184.34 222.60 Td (part ) Tj ET Q q 0 0 0 rg BT 202.39 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.22 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.05 222.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 285.98 222.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 308.48 222.60 Td (operations.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 726.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 91.81 726.75 Td (Summary ) Tj ET Q q 0 0 0 rg BT 136.48 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 142.23 726.75 Td (able.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.51 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 165.15 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 167.60 726.75 Td (The ) Tj ET Q q 0 0 0 rg BT 185.79 726.75 Td (following ) Tj ET Q q 0 0 0 rg BT 227.31 726.75 Td (table ) Tj ET Q q 0 0 0 rg BT 249.39 726.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 286.47 726.75 Td (a ) Tj ET Q q 0 0 0 rg BT 293.54 726.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 333.40 726.75 Td (by ) Tj ET Q q 0 0 0 rg BT 346.04 726.75 Td (field ) Tj ET Q q 0 0 0 rg BT 367.01 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 384.09 726.75 Td (region ) Tj ET Q q 0 0 0 rg BT 412.28 726.75 Td (of ) Tj ET Q q 0 0 0 rg BT 423.25 726.75 Td (selected ) Tj ET Q q 0 0 0 rg BT 458.09 726.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 488.50 726.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.70 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.77 726.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 726.75 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 81.19 714.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 133.72 714.75 Td (including ) Tj ET Q q 0 0 0 rg BT 174.31 714.75 Td (total ) Tj ET Q q 0 0 0 rg BT 194.91 714.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 225.49 714.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 257.18 714.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 298.88 714.75 Td (as ) Tj ET Q q 0 0 0 rg BT 310.03 714.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.18 714.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 380.09 714.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.09 714.75 Td (, ) Tj ET Q q 0 0 0 rg BT 405.41 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 422.66 714.75 Td (average ) Tj ET Q q 0 0 0 rg BT 456.57 714.75 Td (daily ) Tj ET Q q 0 0 0 rg BT 479.38 714.75 Td (production ) Tj ET Q q 0 0 0 rg BT 525.53 714.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 714.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 714.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (all ) Tj ET Q q 0 0 0 rg BT 63.20 702.75 Td (based ) Tj ET Q q 0 0 0 rg BT 89.68 702.75 Td (on ) Tj ET Q q 0 0 0 rg BT 103.38 702.75 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 141.15 702.75 Td (s ) Tj ET Q q 0 0 0 rg BT 148.75 702.75 Td (net ) Tj ET Q q 0 0 0 rg BT 164.67 702.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 200.02 702.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 233.16 702.75 Td (\(�NRI�\).��) Tj ET Q q 0 0 0 rg BT 273.24 702.75 Td (The ) Tj ET Q q 0 0 0 rg BT 292.49 702.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 325.07 702.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 365.98 702.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 408.01 702.75 Td (were ) Tj ET Q q 0 0 0 rg BT 431.14 702.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 469.82 702.75 Td (by ) Tj ET Q q 0 0 0 rg BT 483.53 702.75 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 513.63 702.75 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 92.87 690.75 Td (engineers ) Tj ET Q q 0 0 0 rg BT 134.01 690.75 Td (located ) Tj ET Q q 0 0 0 rg BT 165.71 690.75 Td (in ) Tj ET Q q 0 0 0 rg BT 176.31 690.75 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 206.98 690.75 Td (T) Tj ET Q q 0 0 0 rg BT 212.39 690.75 Td (exas.��) Tj ET Q q 0 0 0 rg BT 237.48 690.75 Td (W) Tj ET Q q 0 0 0 rg BT 246.12 690.75 Td (e ) Tj ET Q q 0 0 0 rg BT 253.38 690.75 Td (serve ) Tj ET Q q 0 0 0 rg BT 277.31 690.75 Td (as ) Tj ET Q q 0 0 0 rg BT 288.46 690.75 Td (operator ) Tj ET Q q 0 0 0 rg BT 324.60 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 335.76 690.75 Td (nearly ) Tj ET Q q 0 0 0 rg BT 363.57 690.75 Td (all ) Tj ET Q q 0 0 0 rg BT 376.39 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.55 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 403.71 690.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 448.74 690.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 494.06 690.75 Td (in ) Tj ET Q q 0 0 0 rg BT 504.66 690.75 Td (which ) Tj ET Q q 0 0 0 rg BT 531.92 690.75 Td (we ) Tj ET Q q 0 0 0 rg BT 546.41 690.75 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (own ) Tj ET Q q 0 0 0 rg BT 68.54 678.75 Td (most ) Tj ET Q q 0 0 0 rg BT 89.81 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 99.96 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 114.00 678.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 151.65 678.75 Td (although ) Tj ET Q q 0 0 0 rg BT 188.46 678.75 Td (typically ) Tj ET Q q 0 0 0 rg BT 225.28 678.75 Td (less ) Tj ET Q q 0 0 0 rg BT 242.10 678.75 Td (than ) Tj ET Q q 0 0 0 rg BT 261.14 678.75 Td (a ) Tj ET Q q 0 0 0 rg BT 267.40 678.75 Td (100% ) Tj ET Q q 0 0 0 rg BT 292.55 678.75 Td (working ) Tj ET Q q 0 0 0 rg BT 327.70 678.75 Td (interest, ) Tj ET Q q 0 0 0 rg BT 361.45 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.71 678.75 Td (a ) Tj ET Q q 0 0 0 rg BT 383.97 678.75 Td (lesser ) Tj ET Q q 0 0 0 rg BT 408.56 678.75 Td (NRI ) Tj ET Q q 0 0 0 rg BT 427.61 678.75 Td (due ) Tj ET Q q 0 0 0 rg BT 443.87 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.46 678.75 Td (royalties ) Tj ET Q q 0 0 0 rg BT 489.72 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 505.98 678.75 Td (other ) Tj ET Q q 0 0 0 rg BT 528.35 678.75 Td (burdens. ) Tj ET Q q 0 0 0 rg BT 565.01 678.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (For ) Tj ET Q q 0 0 0 rg BT 65.52 666.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 107.64 666.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 120.32 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.89 666.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.78 666.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.24 666.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 217.13 666.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 268.96 666.75 Td (see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 283.86 666.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 325.98 666.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 342.00 666.75 Td (Quantities ) Tj ET Q q 0 0 0 rg BT 385.79 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 395.70 666.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 405.33 666.75 Td (oved ) Tj ET Q q 0 0 0 rg BT 426.33 666.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 441.24 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 458.37 666.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 491.61 666.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 509.85 666.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 547.52 666.75 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 654.75 Td (esent ) Tj ET Q q 0 0 0 rg BT 82.67 654.75 Td (V) Tj ET Q q 0 0 0 rg BT 87.67 654.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 107.88 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.65 654.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 161.63 654.75 Td (Futur) Tj ET Q q 0 0 0 rg BT 184.04 654.75 Td (e ) Tj ET Q q 0 0 0 rg BT 191.47 654.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 208.35 654.75 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.11 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 249.10 654.75 Td (above ) Tj ET Q q 0 0 0 rg BT 275.97 654.75 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 293.40 654.75 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 350.82 654.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 366.59 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 384.59 654.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 418.70 654.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 437.80 654.75 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 476.32 654.75 Td (es ) Tj ET Q q 0 0 0 rg BT 487.64 654.75 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.52 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 539.51 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 654.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 642.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.49 642.75 Td (Statements.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 568.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 540.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 540.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 540.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 540.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 540.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 540.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 540.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 540.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 540.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 512.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 512.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 512.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 512.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 512.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 512.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 512.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 512.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 512.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 484.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 484.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 484.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 484.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 484.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 484.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 484.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 484.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 484.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 484.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 484.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 484.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 484.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 484.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 456.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 456.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 456.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 456.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 456.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 456.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 456.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 456.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 456.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 456.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 456.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 456.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 456.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 456.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 428.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 428.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 428.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 428.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 428.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 428.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 428.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 428.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 428.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 400.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 400.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 400.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 400.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 400.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 400.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 400.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 400.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 400.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 400.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 400.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 400.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 400.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 400.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 372.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 372.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 372.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 372.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 372.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 372.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 372.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 372.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 372.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 372.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 372.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 372.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 372.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 372.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 344.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 344.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 344.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 344.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 344.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 344.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 344.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 344.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 344.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 344.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 344.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 344.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 344.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 344.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 316.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 316.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 316.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 316.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 316.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 316.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 316.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 316.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 316.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 316.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 316.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 316.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 316.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 316.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 288.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 288.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 288.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 288.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 288.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 288.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 288.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 288.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 288.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 288.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 288.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 288.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 288.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 288.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 260.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 260.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 260.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 260.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 260.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 260.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 260.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 260.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 260.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 260.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 260.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 260.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 260.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 260.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 232.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 232.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 232.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 232.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 232.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 232.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 232.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 232.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 232.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 232.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 232.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 232.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 232.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 232.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 204.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 204.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 204.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 204.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 204.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 204.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 204.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 204.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 204.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 204.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 204.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 204.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 204.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 204.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 176.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 176.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 176.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 176.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 176.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 176.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 176.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 176.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 176.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 176.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 176.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 176.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 176.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 176.25 48.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 609.25 m 248 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 609.25 m 252 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 609.25 m 300 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 609.25 m 304 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 609.25 m 352 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 609.25 m 356 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 609.25 m 404 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 609.25 m 456 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 609.25 m 460 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 609.25 m 508 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 609.25 m 560 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 568.25 m 248 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 568.25 m 300 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 568.25 m 352 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 568.25 m 404 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 568.25 m 456 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 568.25 m 508 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 609.25 m 560 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 568.25 m 560 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 568.25 m 248 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 568.25 m 300 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 568.25 m 352 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 568.25 m 404 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 568.25 m 456 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 568.25 m 508 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 568.25 m 560 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 442.25 m 456 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 442.25 m 248 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 428.25 m 248 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 442.25 m 300 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 428.25 m 300 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 442.25 m 352 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 428.25 m 352 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 442.25 m 404 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 428.25 m 404 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 442.25 m 456 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 428.25 m 456 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 442.25 m 508 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 428.25 m 508 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 372.25 m 248 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 372.25 m 300 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 372.25 m 352 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 372.25 m 404 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 372.25 m 456 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 372.25 m 508 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 372.25 m 248 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 372.25 m 300 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 358.25 m 300 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 372.25 m 352 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 358.25 m 352 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 372.25 m 404 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 358.25 m 404 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 372.25 m 456 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 358.25 m 456 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 372.25 m 508 372.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 358.25 m 508 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 358.25 m 248 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 344.25 m 248 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 358.25 m 300 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 344.25 m 300 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 358.25 m 352 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 344.25 m 352 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 358.25 m 404 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 344.25 m 404 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 358.25 m 456 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 344.25 m 456 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 358.25 m 508 358.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 344.25 m 508 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 288.25 m 248 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 288.25 m 300 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 288.25 m 352 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 288.25 m 404 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 288.25 m 456 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 288.25 m 508 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 274.25 m 248 274.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 274.25 m 300 274.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 274.25 m 352 274.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 274.25 m 404 274.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 288.25 m 456 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 274.25 m 456 274.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 288.25 m 508 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 274.25 m 508 274.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 232.25 m 352 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 232.25 m 404 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 232.25 m 248 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 232.25 m 300 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 232.25 m 352 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 232.25 m 404 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 232.25 m 456 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 232.25 m 508 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 218.25 m 248 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 218.25 m 300 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 218.25 m 352 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 218.25 m 404 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 218.25 m 456 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 218.25 m 508 218.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 204.25 m 248 204.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 190.25 m 248 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 204.25 m 300 204.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 190.25 m 300 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 204.25 m 352 204.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 190.25 m 352 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 204.25 m 404 204.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 190.25 m 404 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 204.25 m 456 204.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 190.25 m 456 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 204.25 m 508 204.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 190.25 m 508 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 190.25 m 248 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 190.25 m 300 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 190.25 m 352 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 190.25 m 404 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 190.25 m 456 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 190.25 m 508 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 162.25 m 248 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 149.25 m 248 149.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 147.25 m 248 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 162.25 m 300 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 149.25 m 300 149.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 147.25 m 300 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 162.25 m 352 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 149.25 m 352 149.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 147.25 m 352 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 162.25 m 404 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 149.25 m 404 149.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 147.25 m 404 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 162.25 m 456 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 149.25 m 456 149.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 147.25 m 456 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 162.25 m 508 162.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 149.25 m 508 149.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 147.25 m 508 147.25 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.70 613.71 Td (Proved Reserves as of December 31, 2019) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 374.41 617.79 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.55 622.71 Td (2019 ) Tj ET Q q 0 0 0 rg BT 441.55 622.71 Td (A) Tj ET Q q 0 0 0 rg BT 447.47 622.71 Td (verage Daily) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 613.71 Td (Production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.70 581.71 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.20 572.71 Td (\(MBbls\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.00 590.71 Td (Natural ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.50 581.71 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.00 572.71 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.70 572.71 Td (MBOEs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.85 599.71 Td (% of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 590.71 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.30 581.71 Td (T) Tj ET Q q 0 0 0 rg BT 375.17 581.71 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.70 572.71 Td (MBOEs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.70 581.71 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.70 572.71 Td (\(Bbls/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 590.71 Td (Natural ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 581.71 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 572.71 Td (\(Mcf/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.55 581.71 Td (A) Tj ET Q q 0 0 0 rg BT 526.38 581.71 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.60 572.71 Td (2019 NRI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 558.70 Td (T) Tj ET Q q 0 0 0 rg BT 58.09 558.70 Td (ertiary oil and gas pr) Tj ET Q q 0 0 0 rg BT 138.59 558.70 Td (operties) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 544.70 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 530.71 Td (Delhi) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 530.71 Td (14,565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 530.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 530.71 Td (14,565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 530.71 Td (6.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 530.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 530.71 Td (4,324) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 530.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 530.71 Td (58.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 530.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 516.71 Td (Hastings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 516.71 Td (31,641) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 516.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 516.71 Td (31,641) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 516.71 Td (13.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 516.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 516.71 Td (5,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 516.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 516.71 Td (79.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 516.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 502.71 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 93.90 502.71 Td (g) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 502.71 Td (20,792) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 502.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 502.71 Td (20,792) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 502.71 Td (9.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 502.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 502.71 Td (4,195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 502.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 502.71 Td (81.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 502.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 488.71 Td (Oyster Bayou) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 488.71 Td (16,965) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 488.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 488.71 Td (16,965) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 488.71 Td (7.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 488.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 488.71 Td (4,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 488.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 488.71 Td (87.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 488.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 474.71 Td (T) Tj ET Q q 0 0 0 rg BT 63.84 474.71 Td (insley) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 474.71 Td (15,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 474.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 474.71 Td (15,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 474.71 Td (6.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 474.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 474.71 Td (4,608) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 474.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 474.71 Td (82.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 474.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 460.71 Td (W) Tj ET Q q 0 0 0 rg BT 66.63 460.71 Td (est ) Tj ET Q q 0 0 0 rg BT 78.35 460.71 Td (Y) Tj ET Q q 0 0 0 rg BT 84.24 460.71 Td (ellow Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 460.71 Td (1,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 460.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 460.71 Td (1,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 460.71 Td (0.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 460.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 460.71 Td (640) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 460.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 460.71 Td (42.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 460.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 446.71 Td (Mature properties) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 122.73 450.79 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 446.71 Td (16,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 446.82 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 446.71 Td (16,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 446.71 Td (7.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 446.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 446.71 Td (6,422) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 446.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 446.71 Td (80.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 446.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 432.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 432.71 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 432.71 Td (1) Tj ET Q q 0 0 0 rg BT 219.75 432.71 Td (17,579) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 432.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 432.71 Td (1) Tj ET Q q 0 0 0 rg BT 323.75 432.71 Td (17,579) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 432.71 Td (51.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 432.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 432.71 Td (29,937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 432.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 432.71 Td (76.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 432.71 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 418.70 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 404.71 Td (Bell Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 404.71 Td (13,523) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 404.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 404.71 Td (13,523) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 404.71 Td (5.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 404.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 404.71 Td (5,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 404.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 404.71 Td (84.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 404.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 390.71 Td (Salt Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 390.71 Td (6,158) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 390.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 390.71 Td (6,158) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 390.71 Td (2.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 390.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 390.71 Td (2,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 390.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 390.71 Td (19.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 390.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 376.71 Td (Grieve) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.00 376.71 Td (977) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 376.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 376.71 Td (977) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 376.71 Td (0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 376.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 376.71 Td (53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 376.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 376.71 Td (20.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 376.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 362.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 362.71 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 362.71 Td (20,658) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 362.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 362.71 Td (20,658) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 362.71 Td (9.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 362.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 362.71 Td (7,424) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 362.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 362.71 Td (42.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 362.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 348.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 348.71 Td (otal tertiary properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 348.71 Td (138,237) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 348.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 348.71 Td (138,237) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 348.71 Td (60.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 348.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 348.71 Td (37,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 348.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 348.71 Td (66.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 348.71 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 334.70 Td (Non-tertiary oil and gas pr) Tj ET Q q 0 0 0 rg BT 155.41 334.70 Td (operties) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 320.70 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 306.71 Td (T) Tj ET Q q 0 0 0 rg BT 63.37 306.71 Td (exas) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 79.36 310.79 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 306.71 Td (17,151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.90 306.71 Td (7,180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 306.71 Td (18,348) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 306.71 Td (8.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 306.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 306.71 Td (3,865) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 306.71 Td (2,672) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 306.71 Td (81.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 306.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 292.71 Td (Mississippi and other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 292.71 Td (1,733) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.90 292.71 Td (3,523) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 292.71 Td (2,320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 292.71 Td (1.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 292.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 292.71 Td (609) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 292.71 Td (2,203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 292.71 Td (13.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 292.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 278.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 278.71 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 278.71 Td (18,884) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 278.71 Td (10,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 278.71 Td (20,668) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 278.71 Td (9.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 278.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 278.71 Td (4,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 278.71 Td (4,875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 278.71 Td (47.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 278.71 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 264.70 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 250.71 Td (Cedar Creek ) Tj ET Q q 0 0 0 rg BT 105.48 250.71 Td (Anticline) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 138.97 254.79 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 250.71 Td (67,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 250.71 Td (10,077) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 250.71 Td (68,683) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 250.71 Td (29.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 250.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 250.71 Td (13,818) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 250.71 Td (1,632) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 250.71 Td (80.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 250.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 236.71 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 236.71 Td (2,009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.90 236.71 Td (3,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 236.71 Td (2,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 236.71 Td (1.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 236.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 236.71 Td (805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 236.71 Td (2,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 236.71 Td (62.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 236.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 222.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 222.71 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 222.71 Td (69,012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 222.71 Td (13,631) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 222.71 Td (71,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 222.71 Td (30.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 222.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 222.71 Td (14,623) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 222.71 Td (4,371) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 222.71 Td (78.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 222.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 208.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.37 208.71 Td (otal non-tertiary properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 208.71 Td (87,896) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 208.71 Td (24,334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 208.71 Td (91,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 208.71 Td (39.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 208.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 208.71 Td (19,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 208.71 Td (9,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 208.71 Td (67.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 208.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 194.71 Td (T) Tj ET Q q 0 0 0 rg BT 75.68 194.71 Td (otal continuing properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 194.71 Td (226,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 194.71 Td (24,334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 194.71 Td (230,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.75 194.71 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 194.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 194.71 Td (56,458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 194.71 Td (9,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 194.71 Td (66.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 194.71 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 180.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.83 180.70 Td (operty sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 166.71 Td (Property divestitures) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 133.24 170.79 Td (\(5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.50 166.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 166.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 166.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.00 166.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 166.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 166.71 Td (214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 166.71 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 166.71 Td (64.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 166.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 152.71 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.59 152.71 Td (T) Tj ET Q q 0 0 0 rg BT 112.45 152.71 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 152.71 Td (226,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 152.71 Td (24,334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 152.71 Td (230,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.75 152.71 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 152.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 152.71 Td (56,672) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 152.71 Td (9,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 152.71 Td (66.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 152.71 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 124.75 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 101.35 124.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 140.20 124.75 Td (were ) Tj ET Q q 0 0 0 rg BT 161.26 124.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 197.88 124.75 Td (in ) Tj ET Q q 0 0 0 rg BT 207.29 124.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 253.89 124.75 Td (with ) Tj ET Q q 0 0 0 rg BT 273.31 124.75 Td (F) Tj ET Q q 0 0 0 rg BT 278.13 124.75 Td (ASC ) Tj ET Q q 0 0 0 rg BT 299.10 124.75 Td (T) Tj ET Q q 0 0 0 rg BT 304.51 124.75 Td (opic ) Tj ET Q q 0 0 0 rg BT 323.37 124.75 Td (932, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 342.50 124.75 Td (Extractive ) Tj ET Q q 0 0 0 rg BT 385.23 124.75 Td (Industries ) Tj ET Q q 0 0 0 rg BT 426.87 124.75 Td (� ) Tj ET Q q 0 0 0 rg BT 433.51 124.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 447.92 124.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.56 124.75 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.68 124.75 Td (, ) Tj ET Q q 0 0 0 rg BT 484.81 124.75 Td (using ) Tj ET Q q 0 0 0 rg BT 508.12 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 521.98 124.75 Td (arithmetic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 112.75 Td (averages ) Tj ET Q q 0 0 0 rg BT 105.26 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 116.38 112.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.38 112.75 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 224.14 112.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 263.59 112.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 311.93 112.75 Td (price ) Tj ET Q q 0 0 0 rg BT 334.71 112.75 Td (for ) Tj ET Q q 0 0 0 rg BT 349.15 112.75 Td (each ) Tj ET Q q 0 0 0 rg BT 370.25 112.75 Td (month ) Tj ET Q q 0 0 0 rg BT 398.60 112.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.49 112.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.49 112.75 Td (, ) Tj ET Q q 0 0 0 rg BT 452.78 112.75 Td (which ) Tj ET Q q 0 0 0 rg BT 480.01 112.75 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.22 112.75 Td ($55.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.72 112.75 Td ( ) Tj ET Q q 0 0 0 rg BT 532.51 112.75 Td (per ) Tj ET Q q 0 0 0 rg BT 548.07 112.75 Td (Bbl ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 100.75 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 100.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 106.37 100.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 119.42 100.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.36 100.75 Td ($2.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.86 100.75 Td ( ) Tj ET Q q 0 0 0 rg BT 161.36 100.75 Td (per ) Tj ET Q q 0 0 0 rg BT 176.63 100.75 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 211.36 100.75 Td (for ) Tj ET Q q 0 0 0 rg BT 225.52 100.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 255.79 100.75 Td (gas. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 76.75 Td (Mature ) Tj ET Q q 0 0 0 rg BT 98.81 76.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 141.22 76.75 Td (include ) Tj ET Q q 0 0 0 rg BT 173.08 76.75 Td (Brookhaven, ) Tj ET Q q 0 0 0 rg BT 226.89 76.75 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 269.58 76.75 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 305.05 76.75 Td (Little ) Tj ET Q q 0 0 0 rg BT 329.14 76.75 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 357.95 76.75 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 401.20 76.75 Td (Martinville, ) Tj ET Q q 0 0 0 rg BT 451.12 76.75 Td (McComb ) Tj ET Q q 0 0 0 rg BT 491.33 76.75 Td (and ) Tj ET Q q 0 0 0 rg BT 508.19 76.75 Td (Soso ) Tj ET Q q 0 0 0 rg BT 530.08 76.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 554.72 76.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 64.75 Td (Mississippi.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 30.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 30.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 714.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 94.82 714.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 146.17 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 193.64 714.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 231.11 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 278.58 714.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 323.82 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 345.74 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.11 714.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 399.03 714.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 421.50 714.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 448.13 714.60 Td (W) Tj ET Q q 0 0 0 rg BT 456.77 714.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 487.02 714.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 525.04 714.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 546.40 714.60 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 121.75 702.60 Td (s ) Tj ET Q q 0 0 0 rg BT 129.04 702.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 176.33 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 194.48 702.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 231.77 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 242.94 702.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 285.22 702.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 328.63 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.02 702.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 379.31 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.49 702.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 438.89 702.60 Td (� ) Tj ET Q q 0 0 0 rg BT 447.28 702.60 Td (Overview ) Tj ET Q q 0 0 0 rg BT 489.00 702.60 Td (� ) Tj ET Q q 0 0 0 rg BT 497.40 702.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 534.12 702.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 554.73 702.60 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (W) Tj ET Q q 0 0 0 rg BT 74.91 690.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 103.52 690.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 122.59 690.60 Td (ests ) Tj ET Q q 0 0 0 rg BT 140.09 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 150.37 690.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 183.42 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 188.07 690.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 208.33 690.60 Td (Fields\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.66 690.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 666.60 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 111.92 666.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 137.75 666.60 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 177.46 666.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 211.63 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.46 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 229.40 666.60 Td (series ) Tj ET Q q 0 0 0 rg BT 254.67 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.50 666.60 Td (13 ) Tj ET Q q 0 0 0 rg BT 278.00 666.60 Td (dif) Tj ET Q q 0 0 0 rg BT 288.93 666.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 314.74 666.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.00 666.60 Td (areas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.88 642.60 Td (production ) Tj ET Q q 0 0 0 rg BT 149.70 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 171.64 642.60 Td (Citronelle ) Tj ET Q q 0 0 0 rg BT 214.13 642.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 237.19 642.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 256.36 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 266.64 642.60 Td (July ) Tj ET Q q 0 0 0 rg BT 285.81 642.60 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (Enhanced ) Tj ET Q q 0 0 0 rg BT 112.02 618.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 127.09 618.60 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 168.80 618.60 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.34 618.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.84 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.57 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.30 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 229.19 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.44 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.17 618.60 Td (used ) Tj ET Q q 0 0 0 rg BT 254.23 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 263.74 618.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 285.47 618.60 Td (is ) Tj ET Q q 0 0 0 rg BT 293.87 618.60 Td (one ) Tj ET Q q 0 0 0 rg BT 310.04 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.10 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.05 618.60 Td (most ) Tj ET Q q 0 0 0 rg BT 355.23 618.60 Td (ef) Tj ET Q q 0 0 0 rg BT 362.82 618.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 390.09 618.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 420.70 618.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 457.40 618.60 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 508.57 618.60 Td (for ) Tj ET Q q 0 0 0 rg BT 521.96 618.60 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 74.61 606.60 Td (oil.��) Tj ET Q q 0 0 0 rg BT 92.49 606.60 Td (When ) Tj ET Q q 0 0 0 rg BT 119.28 606.60 Td (injected ) Tj ET Q q 0 0 0 rg BT 153.83 606.60 Td (under ) Tj ET Q q 0 0 0 rg BT 179.51 606.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 215.74 606.60 Td (into ) Tj ET Q q 0 0 0 rg BT 234.20 606.60 Td (under) Tj ET Q q 0 0 0 rg BT 256.79 606.60 Td (ground, ) Tj ET Q q 0 0 0 rg BT 290.53 606.60 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 337.31 606.60 Td (rock ) Tj ET Q q 0 0 0 rg BT 357.98 606.60 Td (formations, ) Tj ET Q q 0 0 0 rg BT 406.72 606.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 420.61 605.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.86 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 426.77 606.60 Td (acts ) Tj ET Q q 0 0 0 rg BT 445.22 606.60 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 488.67 606.60 Td (like ) Tj ET Q q 0 0 0 rg BT 506.58 606.60 Td (a ) Tj ET Q q 0 0 0 rg BT 513.92 606.60 Td (solvent ) Tj ET Q q 0 0 0 rg BT 545.72 606.60 Td (as ) Tj ET Q q 0 0 0 rg BT 556.96 606.60 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (travels ) Tj ET Q q 0 0 0 rg BT 78.93 594.60 Td (through ) Tj ET Q q 0 0 0 rg BT 112.82 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.81 594.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 166.13 594.60 Td (rock, ) Tj ET Q q 0 0 0 rg BT 189.17 594.60 Td (mixing ) Tj ET Q q 0 0 0 rg BT 220.29 594.60 Td (with ) Tj ET Q q 0 0 0 rg BT 240.84 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.06 594.60 Td (modifying ) Tj ET Q q 0 0 0 rg BT 302.50 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.49 594.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 377.46 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.57 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.56 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 416.89 594.60 Td (so ) Tj ET Q q 0 0 0 rg BT 428.56 594.60 Td (it ) Tj ET Q q 0 0 0 rg BT 436.90 594.60 Td (can ) Tj ET Q q 0 0 0 rg BT 453.55 594.60 Td (be ) Tj ET Q q 0 0 0 rg BT 465.77 594.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 505.75 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 522.97 594.60 Td (sold.��) Tj ET Q q 0 0 0 rg BT 546.96 594.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.22 582.60 Td (�tertiary ) Tj ET Q q 0 0 0 rg BT 110.03 582.60 Td (flood,� ) Tj ET Q q 0 0 0 rg BT 140.57 582.60 Td (�CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.90 581.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.15 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.65 582.60 Td (flood� ) Tj ET Q q 0 0 0 rg BT 192.70 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.64 582.60 Td (�CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 227.97 581.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.22 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.72 582.60 Td (EOR� ) Tj ET Q q 0 0 0 rg BT 260.66 582.60 Td (are ) Tj ET Q q 0 0 0 rg BT 275.36 582.60 Td (used ) Tj ET Q q 0 0 0 rg BT 296.19 582.60 Td (interchangeably ) Tj ET Q q 0 0 0 rg BT 362.55 582.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 408.94 582.60 Td (this ) Tj ET Q q 0 0 0 rg BT 425.89 582.60 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (While ) Tj ET Q q 0 0 0 rg BT 94.20 558.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 134.23 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.05 558.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 184.30 558.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 218.22 558.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 253.82 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 267.71 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.96 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.23 558.60 Td (have ) Tj ET Q q 0 0 0 rg BT 294.38 558.60 Td (been ) Tj ET Q q 0 0 0 rg BT 315.53 558.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 366.67 558.60 Td (performed ) Tj ET Q q 0 0 0 rg BT 410.59 558.60 Td (by ) Tj ET Q q 0 0 0 rg BT 422.86 558.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 464.56 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 477.39 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 494.10 558.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 509.70 558.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 554.73 558.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 57.38 546.60 Td (wide ) Tj ET Q q 0 0 0 rg BT 80.26 546.60 Td (range ) Tj ET Q q 0 0 0 rg BT 105.90 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.67 546.60 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 164.99 546.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 207.85 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 219.07 546.60 Td (dif) Tj ET Q q 0 0 0 rg BT 230.00 546.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 256.76 546.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 314.63 546.60 Td (basins, ) Tj ET Q q 0 0 0 rg BT 345.57 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 360.67 546.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 392.98 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 409.75 546.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 463.46 546.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 510.21 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 528.08 546.60 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 95.98 534.60 Td (give ) Tj ET Q q 0 0 0 rg BT 115.80 534.60 Td (us ) Tj ET Q q 0 0 0 rg BT 127.29 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 134.33 534.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 170.81 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.85 534.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 237.66 534.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 280.79 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 291.17 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.99 534.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 329.13 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 534.60 Td (which ) Tj ET Q q 0 0 0 rg BT 366.56 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 380.82 534.60 Td (operate. ) Tj ET Q q 0 0 0 rg BT 415.34 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.76 534.60 Td (W) Tj ET Q q 0 0 0 rg BT 426.40 534.60 Td (e ) Tj ET Q q 0 0 0 rg BT 433.44 534.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 458.26 534.60 Td (what ) Tj ET Q q 0 0 0 rg BT 480.30 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 494.56 534.60 Td (have ) Tj ET Q q 0 0 0 rg BT 516.04 534.60 Td (learned ) Tj ET Q q 0 0 0 rg BT 548.07 534.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 93.09 522.60 Td (over ) Tj ET Q q 0 0 0 rg BT 113.36 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.08 522.60 Td (years ) Tj ET Q q 0 0 0 rg BT 151.68 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.96 522.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 197.78 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 214.72 522.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 249.97 522.60 Td (sweep ) Tj ET Q q 0 0 0 rg BT 277.46 522.60 Td (ef) Tj ET Q q 0 0 0 rg BT 285.05 522.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 319.75 522.60 Td (within ) Tj ET Q q 0 0 0 rg BT 347.81 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.53 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 376.42 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 382.17 522.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 404.67 522.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 438.82 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 452.98 522.60 Td (operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 498.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.11 498.60 Td (began ) Tj ET Q q 0 0 0 rg BT 109.53 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 125.40 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 139.29 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.54 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.08 498.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.27 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.03 498.60 Td (August ) Tj ET Q q 0 0 0 rg BT 230.46 498.60 Td (1999, ) Tj ET Q q 0 0 0 rg BT 255.49 498.60 Td (when ) Tj ET Q q 0 0 0 rg BT 279.69 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 293.89 498.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 330.85 498.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 355.05 498.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 381.47 498.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 407.06 498.60 Td (followed ) Tj ET Q q 0 0 0 rg BT 445.15 498.60 Td (by ) Tj ET Q q 0 0 0 rg BT 457.68 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.55 498.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 519.97 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.84 498.60 Td (Jackson ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 75.76 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 89.65 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.90 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 94.73 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 129.31 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.57 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.61 486.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 185.88 486.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 219.92 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 229.52 486.60 Td (2001.��Based ) Tj ET Q q 0 0 0 rg BT 283.28 486.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 305.10 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 320.26 486.60 Td (success ) Tj ET Q q 0 0 0 rg BT 352.07 486.60 Td (at ) Tj ET Q q 0 0 0 rg BT 361.11 486.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 384.60 486.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 410.30 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 426.56 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.60 486.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 484.08 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.24 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.28 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 522.17 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.42 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 527.24 486.60 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.25 474.60 Td (began ) Tj ET Q q 0 0 0 rg BT 89.21 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 99.07 474.60 Td (transition ) Tj ET Q q 0 0 0 rg BT 138.93 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.35 474.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 183.09 474.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 221.28 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.81 474.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 283.78 474.60 Td (ef) Tj ET Q q 0 0 0 rg BT 291.36 474.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 311.78 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.65 474.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 345.39 474.60 Td (more ) Tj ET Q q 0 0 0 rg BT 368.02 474.60 Td (heavily ) Tj ET Q q 0 0 0 rg BT 399.54 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 411.63 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 425.52 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.77 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.86 474.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 452.95 474.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 471.97 474.60 Td (over ) Tj ET Q q 0 0 0 rg BT 491.83 474.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 514.19 474.60 Td (transformed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.94 462.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 100.71 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.60 462.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 136.38 462.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 176.70 462.60 Td (on ) Tj ET Q q 0 0 0 rg BT 189.81 462.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 222.93 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.48 462.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 281.35 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 295.02 462.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 320.35 462.60 Td (that ) Tj ET Q q 0 0 0 rg BT 338.46 462.60 Td (are ) Tj ET Q q 0 0 0 rg BT 353.78 462.60 Td (well ) Tj ET Q q 0 0 0 rg BT 374.11 462.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 401.11 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 415.88 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 429.77 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.02 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 436.14 462.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 459.25 462.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 496.52 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.63 462.60 Td (Prior ) Tj ET Q q 0 0 0 rg BT 522.74 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 462.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (flooding, ) Tj ET Q q 0 0 0 rg BT 88.28 450.60 Td (we ) Tj ET Q q 0 0 0 rg BT 102.33 450.60 Td (strive ) Tj ET Q q 0 0 0 rg BT 126.94 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.11 450.60 Td (maximize ) Tj ET Q q 0 0 0 rg BT 178.93 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.54 450.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 232.03 450.60 Td (sizeable ) Tj ET Q q 0 0 0 rg BT 266.62 450.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 300.67 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.50 450.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 360.43 450.60 Td (production ) Tj ET Q q 0 0 0 rg BT 406.15 450.60 Td (from ) Tj ET Q q 0 0 0 rg BT 427.98 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 443.70 450.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 492.19 450.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 523.46 450.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 548.06 450.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.79 438.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 96.86 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.49 438.60 Td (which ) Tj ET Q q 0 0 0 rg BT 134.78 438.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 166.51 438.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 194.36 438.60 Td (have ) Tj ET Q q 0 0 0 rg BT 216.09 438.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 267.26 438.60 Td (but ) Tj ET Q q 0 0 0 rg BT 282.89 438.60 Td (still ) Tj ET Q q 0 0 0 rg BT 300.75 438.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 333.03 438.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 378.10 438.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 428.15 438.60 Td (production.��Our ) Tj ET Q q 0 0 0 rg BT 497.38 438.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 519.67 438.60 Td (base ) Tj ET Q q 0 0 0 rg BT 540.29 438.60 Td (today ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (almost ) Tj ET Q q 0 0 0 rg BT 78.60 426.60 Td (entirely ) Tj ET Q q 0 0 0 rg BT 111.58 426.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 145.69 426.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 158.95 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 169.72 426.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 211.03 426.60 Td (relates ) Tj ET Q q 0 0 0 rg BT 239.56 426.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 252.28 426.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 265.27 426.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 289.92 426.60 Td (that ) Tj ET Q q 0 0 0 rg BT 307.36 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 321.45 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 336.10 426.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 374.63 426.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 410.95 426.60 Td (with ) Tj ET Q q 0 0 0 rg BT 431.17 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 445.06 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.31 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 450.74 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 461.51 426.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 481.16 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 491.38 426.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 514.92 426.60 Td (with ) Tj ET Q q 0 0 0 rg BT 535.14 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 549.03 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.28 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.71 426.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 414.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 93.09 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 103.92 414.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 129.75 414.60 Td (that ) Tj ET Q q 0 0 0 rg BT 147.25 414.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 181.96 414.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.85 413.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.10 414.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.51 390.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 118.84 390.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.96 390.60 Td (have ) Tj ET Q q 0 0 0 rg BT 186.29 390.60 Td (grown ) Tj ET Q q 0 0 0 rg BT 215.31 390.60 Td (so ) Tj ET Q q 0 0 0 rg BT 227.66 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 246.11 390.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.23 390.60 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.56 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 283.02 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.81 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 311.60 390.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 342.83 390.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 379.05 390.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.72 390.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 449.27 390.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.27 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.72 390.60 Td (are ) Tj ET Q q 0 0 0 rg BT 488.39 390.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 519.62 390.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.95 390.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 87.78 378.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.19 378.60 Td (64%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.52 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.26 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 134.34 378.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.42 378.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.42 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 173.16 378.60 Td (total ) Tj ET Q q 0 0 0 rg BT 193.68 378.60 Td (production ) Tj ET Q q 0 0 0 rg BT 239.75 378.60 Td (was ) Tj ET Q q 0 0 0 rg BT 258.05 378.60 Td (related ) Tj ET Q q 0 0 0 rg BT 288.00 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.52 378.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 330.14 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 343.44 378.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 387.84 378.60 Td (\(on ) Tj ET Q q 0 0 0 rg BT 403.92 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 411.10 378.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 433.85 378.60 Td (basis\); ) Tj ET Q q 0 0 0 rg BT 462.70 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.88 378.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.29 378.60 Td (63%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.62 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 515.37 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.44 378.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.52 378.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.34 366.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 131.62 366.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 176.58 366.60 Td (acquisitions\) ) Tj ET Q q 0 0 0 rg BT 229.87 366.60 Td (were ) Tj ET Q q 0 0 0 rg BT 251.49 366.60 Td (related ) Tj ET Q q 0 0 0 rg BT 280.88 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.85 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 306.37 366.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 337.43 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 350.18 366.60 Td (operations.��) Tj ET Q q 0 0 0 rg BT 398.78 366.60 Td (At ) Tj ET Q q 0 0 0 rg BT 410.97 366.60 Td (year) Tj ET Q q 0 0 0 rg BT 427.98 366.60 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.94 366.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.94 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 472.63 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.03 366.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 516.99 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 529.74 366.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.34 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.73 354.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 105.67 354.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 142.71 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 155.33 354.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 179.61 354.60 Td (had ) Tj ET Q q 0 0 0 rg BT 196.11 354.60 Td (an ) Tj ET Q q 0 0 0 rg BT 207.61 354.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 247.99 354.60 Td (PV) Tj ET Q q 0 0 0 rg BT 259.86 354.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 275.10 354.60 Td (V) Tj ET Q q 0 0 0 rg BT 281.22 354.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 299.93 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.33 354.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 370.15 354.60 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 389.71 354.60 Td (billion, ) Tj ET Q q 0 0 0 rg BT 420.39 354.60 Td (or ) Tj ET Q q 0 0 0 rg BT 430.78 354.60 Td (69% ) Tj ET Q q 0 0 0 rg BT 451.17 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.57 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.96 354.60 Td (total ) Tj ET Q q 0 0 0 rg BT 496.80 354.60 Td (PV) Tj ET Q q 0 0 0 rg BT 508.66 354.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 523.91 354.60 Td (V) Tj ET Q q 0 0 0 rg BT 530.02 354.60 Td (alue.��In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.19 342.60 Td (there ) Tj ET Q q 0 0 0 rg BT 109.59 342.60 Td (are ) Tj ET Q q 0 0 0 rg BT 124.21 342.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 168.84 342.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 206.24 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.10 342.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 258.29 342.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 293.47 342.60 Td (at ) Tj ET Q q 0 0 0 rg BT 303.10 342.60 Td (several ) Tj ET Q q 0 0 0 rg BT 333.83 342.60 Td (other ) Tj ET Q q 0 0 0 rg BT 356.79 342.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 381.43 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 395.50 342.60 Td (which ) Tj ET Q q 0 0 0 rg BT 422.36 342.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 453.65 342.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 497.72 342.60 Td (are ) Tj ET Q q 0 0 0 rg BT 512.34 342.60 Td (underway ) Tj ET Q q 0 0 0 rg BT 554.18 342.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (planned.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 108.41 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.76 306.60 Td (up-front ) Tj ET Q q 0 0 0 rg BT 159.67 306.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 178.91 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.37 306.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 222.38 306.60 Td (production ) Tj ET Q q 0 0 0 rg BT 268.84 306.60 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 325.83 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.40 306.60 Td (time ) Tj ET Q q 0 0 0 rg BT 364.31 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.22 306.60 Td (construct ) Tj ET Q q 0 0 0 rg BT 415.01 306.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 454.25 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 471.82 306.60 Td (production ) Tj ET Q q 0 0 0 rg BT 518.28 306.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 555.84 306.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 78.96 294.60 Td (than ) Tj ET Q q 0 0 0 rg BT 97.87 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.35 294.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 140.71 294.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 152.97 294.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 189.65 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.13 294.60 Td (most ) Tj ET Q q 0 0 0 rg BT 220.28 294.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 281.12 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 294.48 294.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 325.05 294.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 355.63 294.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 392.31 294.60 Td (has ) Tj ET Q q 0 0 0 rg BT 407.34 294.60 Td (several ) Tj ET Q q 0 0 0 rg BT 437.35 294.60 Td (favorable, ) Tj ET Q q 0 0 0 rg BT 479.31 294.60 Td (of) Tj ET Q q 0 0 0 rg BT 487.46 294.60 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 519.16 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 294.60 Td (unique ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (attributes, ) Tj ET Q q 0 0 0 rg BT 92.53 282.60 Td (including ) Tj ET Q q 0 0 0 rg BT 133.63 282.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 148.61 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.38 282.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 182.47 282.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 231.33 282.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 252.15 282.60 Td (as ) Tj ET Q q 0 0 0 rg BT 263.81 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 278.79 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 294.32 282.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.41 282.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 349.29 282.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 374.82 282.60 Td (that ) Tj ET Q q 0 0 0 rg BT 393.14 282.60 Td (have ) Tj ET Q q 0 0 0 rg BT 415.34 282.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 460.88 282.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 501.41 282.60 Td (production ) Tj ET Q q 0 0 0 rg BT 548.06 282.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 87.44 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 104.27 270.60 Td (geological ) Tj ET Q q 0 0 0 rg BT 148.32 270.60 Td (data, ) Tj ET Q q 0 0 0 rg BT 169.88 270.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 183.94 270.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 209.10 270.60 Td (production ) Tj ET Q q 0 0 0 rg BT 254.83 270.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 286.10 270.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 307.37 270.60 Td (than ) Tj ET Q q 0 0 0 rg BT 326.99 270.60 Td (unconventional ) Tj ET Q q 0 0 0 rg BT 391.04 270.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 447.59 270.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 461.65 270.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 506.80 270.60 Td (return ) Tj ET Q q 0 0 0 rg BT 533.08 270.60 Td (metrics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (at ) Tj ET Q q 0 0 0 rg BT 59.84 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.29 258.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 123.29 258.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 165.84 258.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 195.34 258.60 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 210.13 258.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 241.58 258.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 292.48 258.60 Td (for ) Tj ET Q q 0 0 0 rg BT 307.26 258.60 Td (this ) Tj ET Q q 0 0 0 rg BT 324.83 258.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 362.93 258.60 Td (method ) Tj ET Q q 0 0 0 rg BT 396.05 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.95 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 423.41 258.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 470.96 258.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 503.52 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.08 258.60 Td (a ) Tj ET Q q 0 0 0 rg BT 528.64 258.60 Td (strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 92.96 246.60 Td (due ) Tj ET Q q 0 0 0 rg BT 110.33 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.04 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.30 246.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 181.89 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.15 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.29 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 222.19 245.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.34 246.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 263.03 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.40 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 294.29 245.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.44 246.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 334.58 246.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 393.88 246.60 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 408.46 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 424.72 246.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 447.65 246.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 492.24 246.60 Td (are ) Tj ET Q q 0 0 0 rg BT 507.38 246.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 547.51 246.60 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (disruptive ) Tj ET Q q 0 0 0 rg BT 91.50 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.29 234.60 Td (new ) Tj ET Q q 0 0 0 rg BT 119.96 234.60 Td (habitats ) Tj ET Q q 0 0 0 rg BT 153.07 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 162.86 234.60 Td (comparison ) Tj ET Q q 0 0 0 rg BT 211.52 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.31 234.60 Td (other ) Tj ET Q q 0 0 0 rg BT 243.86 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 256.43 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 272.87 234.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 302.65 234.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 317.98 234.60 Td (development ) Tj ET Q q 0 0 0 rg BT 371.64 234.60 Td (because ) Tj ET Q q 0 0 0 rg BT 405.30 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 418.97 234.60 Td (further ) Tj ET Q q 0 0 0 rg BT 448.18 234.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 481.84 234.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 515.52 234.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 529.19 234.60 Td (opposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.57 222.60 Td (new\) ) Tj ET Q q 0 0 0 rg BT 81.85 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 94.70 222.60 Td (fields, ) Tj ET Q q 0 0 0 rg BT 121.71 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.44 222.60 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 152.39 222.60 Td (through ) Tj ET Q q 0 0 0 rg BT 185.79 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 201.41 222.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 258.14 222.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 280.43 222.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 326.87 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 340.83 222.60 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 393.65 222.60 Td (store ) Tj ET Q q 0 0 0 rg BT 415.38 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 429.27 221.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.01 222.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 470.73 222.60 Td (from ) Tj ET Q q 0 0 0 rg BT 492.46 222.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 532.52 222.60 Td (sources) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 210.60 Td (same ) Tj ET Q q 0 0 0 rg BT 97.54 210.60 Td (under) Tj ET Q q 0 0 0 rg BT 120.13 210.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 150.96 210.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 196.79 210.60 Td (that ) Tj ET Q q 0 0 0 rg BT 214.28 210.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 259.00 210.60 Td (trapped ) Tj ET Q q 0 0 0 rg BT 291.48 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.42 210.60 Td (stored ) Tj ET Q q 0 0 0 rg BT 335.36 210.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 348.42 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 365.35 210.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 395.62 210.60 Td (gas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 186.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 87.18 186.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 103.01 186.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 113.38 186.60 Td (operties) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 70.89 162.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 96.73 162.60 Td (Region) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (CO) Tj ET Q BT /F5 10.00 Tf ET BT /F5 6.50 Tf ET q 0 0 0 rg BT 63.39 137.17 Td (2) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 66.64 138.60 Td (�) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.39 138.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 86.91 138.60 Td (ces ) Tj ET Q q 0 0 0 rg BT 102.18 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.68 138.60 Td (Pipelines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 114.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 105.34 114.60 Td (Dome.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 132.83 114.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.71 114.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.64 114.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 192.68 114.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 214.39 114.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 240.56 114.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.45 113.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.70 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 261.08 114.60 Td (source, ) Tj ET Q q 0 0 0 rg BT 293.06 114.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 328.10 114.60 Td (Dome, ) Tj ET Q q 0 0 0 rg BT 358.43 114.60 Td (located ) Tj ET Q q 0 0 0 rg BT 390.68 114.60 Td (near ) Tj ET Q q 0 0 0 rg BT 411.27 114.60 Td (Jackson, ) Tj ET Q q 0 0 0 rg BT 448.81 114.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 500.27 114.60 Td (was ) Tj ET Q q 0 0 0 rg BT 519.20 114.60 Td (discovered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (during ) Tj ET Q q 0 0 0 rg BT 77.50 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 91.62 102.60 Td (1970s ) Tj ET Q q 0 0 0 rg BT 117.40 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 129.30 102.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 141.75 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.09 102.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 173.31 102.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 217.97 102.60 Td (that ) Tj ET Q q 0 0 0 rg BT 234.86 102.60 Td (were ) Tj ET Q q 0 0 0 rg BT 256.19 102.60 Td (exploring ) Tj ET Q q 0 0 0 rg BT 296.41 102.60 Td (for ) Tj ET Q q 0 0 0 rg BT 309.97 102.60 Td (hydrocarbons.��) Tj ET Q q 0 0 0 rg BT 371.71 102.60 Td (This ) Tj ET Q q 0 0 0 rg BT 391.39 102.60 Td (lar) Tj ET Q q 0 0 0 rg BT 401.76 102.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 413.09 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.42 102.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 469.08 102.60 Td (pure ) Tj ET Q q 0 0 0 rg BT 488.74 102.60 Td (source ) Tj ET Q q 0 0 0 rg BT 516.74 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.96 102.60 Td (naturally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 90.39 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.28 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.53 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.11 90.60 Td (\(98% ) Tj ET Q q 0 0 0 rg BT 134.34 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 148.24 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.48 90.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 157.39 90.60 Td (is, ) Tj ET Q q 0 0 0 rg BT 169.14 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 179.49 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.40 90.60 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 244.35 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.14 90.60 Td (only ) Tj ET Q q 0 0 0 rg BT 279.50 90.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.28 90.60 Td (under) Tj ET Q q 0 0 0 rg BT 346.87 90.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 377.78 90.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 409.24 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.14 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 434.04 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.29 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 439.86 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.22 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.01 90.60 Td (United ) Tj ET Q q 0 0 0 rg BT 494.80 90.60 Td (States ) Tj ET Q q 0 0 0 rg BT 521.26 90.60 Td (east ) Tj ET Q q 0 0 0 rg BT 539.39 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 90.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 96.52 78.60 Td (River) Tj ET Q q 0 0 0 rg BT 118.18 78.60 Td (. ) Tj ET Q q 0 0 0 rg BT 122.13 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.47 78.60 Td (T) Tj ET Q q 0 0 0 rg BT 128.88 78.60 Td (ogether ) Tj ET Q q 0 0 0 rg BT 160.31 78.60 Td (with ) Tj ET Q q 0 0 0 rg BT 179.54 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.20 78.60 Td (related ) Tj ET Q q 0 0 0 rg BT 221.85 78.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.74 77.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.99 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 240.44 78.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 274.10 78.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 331.91 78.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 365.01 78.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 390.90 78.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 426.78 78.60 Td (us ) Tj ET Q q 0 0 0 rg BT 437.12 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 443.01 78.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.67 78.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 521.99 78.60 Td (advantage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 66.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 120.88 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.71 66.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 174.19 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.47 66.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 235.04 66.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 276.98 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 293.91 66.60 Td (southeastern ) Tj ET Q q 0 0 0 rg BT 346.22 66.60 Td (T) Tj ET Q q 0 0 0 rg BT 351.63 66.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 371.90 66.60 Td (that ) Tj ET Q q 0 0 0 rg BT 389.39 66.60 Td (are ) Tj ET Q q 0 0 0 rg BT 404.10 66.60 Td (well ) Tj ET Q q 0 0 0 rg BT 423.82 66.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 450.20 66.60 Td (for ) Tj ET Q q 0 0 0 rg BT 464.36 66.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 478.25 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.00 66.60 Td (EOR.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 714.60 Td (e ) Tj ET Q q 0 0 0 rg BT 82.58 714.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 119.01 714.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 152.68 714.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 179.13 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.91 714.60 Td (February ) Tj ET Q q 0 0 0 rg BT 227.02 714.60 Td (2001 ) Tj ET Q q 0 0 0 rg BT 249.02 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.81 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 265.25 714.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 302.80 714.60 Td (that ) Tj ET Q q 0 0 0 rg BT 319.80 714.60 Td (also ) Tj ET Q q 0 0 0 rg BT 337.92 714.60 Td (gave ) Tj ET Q q 0 0 0 rg BT 358.80 714.60 Td (us ) Tj ET Q q 0 0 0 rg BT 369.70 714.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 413.36 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.81 714.60 Td (control ) Tj ET Q q 0 0 0 rg BT 460.14 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.48 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 484.70 714.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 511.15 714.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 525.04 713.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.29 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.30 714.60 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.43 702.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 106.47 702.60 Td (us ) Tj ET Q q 0 0 0 rg BT 118.85 702.60 Td (with ) Tj ET Q q 0 0 0 rg BT 140.13 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.06 702.60 Td (reliable ) Tj ET Q q 0 0 0 rg BT 181.53 702.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 211.69 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.52 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 237.41 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.66 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 244.15 702.60 Td (at ) Tj ET Q q 0 0 0 rg BT 254.86 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.79 702.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 309.04 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.97 702.60 Td (predictable ) Tj ET Q q 0 0 0 rg BT 374.88 702.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 394.48 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 409.63 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.46 702.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 448.28 702.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 474.55 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 488.44 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.69 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 495.18 702.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 527.55 702.60 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (operations.��Since ) Tj ET Q q 0 0 0 rg BT 124.65 690.60 Td (February ) Tj ET Q q 0 0 0 rg BT 164.52 690.60 Td (2001, ) Tj ET Q q 0 0 0 rg BT 190.79 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 206.22 690.60 Td (have ) Tj ET Q q 0 0 0 rg BT 228.87 690.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 267.07 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.28 690.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 315.16 690.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 358.37 690.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 372.26 689.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.51 690.60 Td (-producing ) Tj ET Q q 0 0 0 rg BT 423.16 690.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 450.54 690.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 504.30 690.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 549.17 690.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.39 678.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 118.74 678.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 138.64 678.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 162.99 678.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 176.88 677.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.13 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 181.71 678.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 216.04 678.60 Td (from ) Tj ET Q q 0 0 0 rg BT 237.05 678.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 296.38 678.60 Td (800 ) Tj ET Q q 0 0 0 rg BT 312.96 678.60 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 328.97 678.60 Td (at ) Tj ET Q q 0 0 0 rg BT 337.76 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.55 678.60 Td (time ) Tj ET Q q 0 0 0 rg BT 370.90 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.80 678.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 426.26 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.16 678.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 469.40 678.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 495.41 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.76 678.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 64.07 666.60 Td (T) Tj ET Q q 0 0 0 rg BT 69.48 666.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 79.47 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 90.03 666.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.59 666.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 158.90 666.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.90 666.60 Td (.��) Tj ET Q q 0 0 0 rg BT 186.22 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 204.00 666.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 233.99 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 247.88 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.13 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 253.36 666.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 284.46 666.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 323.90 666.60 Td (are ) Tj ET Q q 0 0 0 rg BT 338.33 666.60 Td (based ) Tj ET Q q 0 0 0 rg BT 363.33 666.60 Td (on ) Tj ET Q q 0 0 0 rg BT 375.56 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 382.22 666.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 405.56 666.60 Td (\(8/8ths\) ) Tj ET Q q 0 0 0 rg BT 438.90 666.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 463.63 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 474.19 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 500.85 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 516.41 666.60 Td (net ) Tj ET Q q 0 0 0 rg BT 530.86 666.60 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.00 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 91.74 654.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.57 654.60 Td (3.8 ) Tj ET Q q 0 0 0 rg BT 167.92 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 173.33 654.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.10 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 186.67 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.18 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 213.92 654.60 Td (included ) Tj ET Q q 0 0 0 rg BT 251.42 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.27 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 277.56 654.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 322.28 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.68 654.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 364.52 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 378.41 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.66 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 384.73 654.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 420.56 654.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 458.61 654.60 Td (by ) Tj ET Q q 0 0 0 rg BT 471.68 654.60 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 501.14 654.60 Td (an ) Tj ET Q q 0 0 0 rg BT 513.65 654.60 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 91.77 642.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 140.70 642.60 Td (consulting ) Tj ET Q q 0 0 0 rg BT 184.09 642.60 Td (firm.��In ) Tj ET Q q 0 0 0 rg BT 218.87 642.60 Td (discussing ) Tj ET Q q 0 0 0 rg BT 262.26 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.32 642.60 Td (available ) Tj ET Q q 0 0 0 rg BT 315.14 642.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 329.03 641.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.28 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.01 642.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 370.99 642.60 Td (we ) Tj ET Q q 0 0 0 rg BT 384.38 642.60 Td (make ) Tj ET Q q 0 0 0 rg BT 407.76 642.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 446.67 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.18 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 642.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 492.96 642.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 524.69 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 534.74 642.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 630.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 103.96 630.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 141.74 630.60 Td (as ) Tj ET Q q 0 0 0 rg BT 152.59 630.60 Td (this ) Tj ET Q q 0 0 0 rg BT 169.55 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 178.74 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.48 630.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 225.99 630.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.50 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 252.69 630.60 Td (available ) Tj ET Q q 0 0 0 rg BT 291.30 630.60 Td (both ) Tj ET Q q 0 0 0 rg BT 311.60 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 325.78 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 341.63 630.60 Td (own ) Tj ET Q q 0 0 0 rg BT 361.37 630.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 392.76 630.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 430.25 630.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 470.54 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.49 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 501.67 630.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 541.96 630.60 Td (users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (who ) Tj ET Q q 0 0 0 rg BT 69.22 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 83.93 618.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 126.98 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.81 618.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 175.30 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.23 618.60 Td (others, ) Tj ET Q q 0 0 0 rg BT 221.67 618.60 Td (as ) Tj ET Q q 0 0 0 rg BT 232.50 618.60 Td (we ) Tj ET Q q 0 0 0 rg BT 246.66 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 261.37 618.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 309.42 618.60 Td (for ) Tj ET Q q 0 0 0 rg BT 323.58 618.60 Td (distributing ) Tj ET Q q 0 0 0 rg BT 372.19 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.91 618.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 412.17 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 426.06 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.31 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.81 618.60 Td (production ) Tj ET Q q 0 0 0 rg BT 477.64 618.60 Td (stream.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.11 594.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.17 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.23 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 138.84 594.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 168.89 594.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 206.44 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 220.38 594.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 255.98 594.60 Td (that ) Tj ET Q q 0 0 0 rg BT 273.26 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 287.20 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 308.36 594.60 Td (910.1 ) Tj ET Q q 0 0 0 rg BT 333.14 594.60 Td (Bcf, ) Tj ET Q q 0 0 0 rg BT 352.37 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 364.65 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 371.37 594.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 394.77 594.60 Td (\(8/8ths\) ) Tj ET Q q 0 0 0 rg BT 428.16 594.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 452.94 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 463.55 594.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 500.82 594.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 514.71 593.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.96 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 520.24 594.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 555.29 594.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 84.34 582.60 Td (Dome.��) Tj ET Q q 0 0 0 rg BT 116.10 582.60 Td (While ) Tj ET Q q 0 0 0 rg BT 143.71 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.11 582.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 196.17 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.69 582.60 Td (these ) Tj ET Q q 0 0 0 rg BT 231.41 582.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 269.58 582.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 305.52 582.60 Td (are ) Tj ET Q q 0 0 0 rg BT 320.91 582.60 Td (located ) Tj ET Q q 0 0 0 rg BT 352.96 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 363.92 582.60 Td (structures ) Tj ET Q q 0 0 0 rg BT 405.98 582.60 Td (that ) Tj ET Q q 0 0 0 rg BT 424.16 582.60 Td (have ) Tj ET Q q 0 0 0 rg BT 446.21 582.60 Td (been ) Tj ET Q q 0 0 0 rg BT 468.27 582.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 497.56 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 515.18 582.60 Td (tested, ) Tj ET Q q 0 0 0 rg BT 544.18 582.60 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.50 570.60 Td (are ) Tj ET Q q 0 0 0 rg BT 98.95 570.60 Td (still ) Tj ET Q q 0 0 0 rg BT 116.20 570.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 161.76 570.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 198.98 570.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 233.99 570.60 Td (because ) Tj ET Q q 0 0 0 rg BT 267.87 570.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 281.78 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.24 570.60 Td (original ) Tj ET Q q 0 0 0 rg BT 329.58 570.60 Td (well ) Tj ET Q q 0 0 0 rg BT 349.04 570.60 Td (is ) Tj ET Q q 0 0 0 rg BT 357.96 570.60 Td (plugged; ) Tj ET Q q 0 0 0 rg BT 395.19 570.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 409.10 570.60 Td (they ) Tj ET Q q 0 0 0 rg BT 428.56 570.60 Td (are ) Tj ET Q q 0 0 0 rg BT 443.00 570.60 Td (located ) Tj ET Q q 0 0 0 rg BT 474.12 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 484.14 570.60 Td (fault ) Tj ET Q q 0 0 0 rg BT 504.71 570.60 Td (blocks ) Tj ET Q q 0 0 0 rg BT 533.06 570.60 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 570.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 101.39 558.60 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 136.61 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 146.29 558.60 Td (fault ) Tj ET Q q 0 0 0 rg BT 166.53 558.60 Td (blocks ) Tj ET Q q 0 0 0 rg BT 194.54 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 214.23 558.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 243.90 558.60 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 281.35 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 291.58 558.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 305.15 558.60 Td (they ) Tj ET Q q 0 0 0 rg BT 324.27 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 338.39 558.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 373.05 558.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 416.05 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 435.74 558.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 478.74 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.86 558.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 527.54 558.60 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 75.47 546.60 Td (from ) Tj ET Q q 0 0 0 rg BT 97.56 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 113.54 546.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 147.85 546.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 189.93 546.60 Td (with ) Tj ET Q q 0 0 0 rg BT 210.36 546.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 240.78 546.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 278.69 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 281.35 546.60 Td (In ) Tj ET Q q 0 0 0 rg BT 292.33 546.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 330.25 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 337.34 546.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.21 546.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 413.74 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.72 546.60 Td (these ) Tj ET Q q 0 0 0 rg BT 447.92 546.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 485.56 546.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 520.97 546.60 Td (at ) Tj ET Q q 0 0 0 rg BT 530.84 546.60 Td (Jackson ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 76.65 534.60 Td (are ) Tj ET Q q 0 0 0 rg BT 91.57 534.60 Td (located ) Tj ET Q q 0 0 0 rg BT 123.15 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 133.64 534.60 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 172.45 534.60 Td (structures ) Tj ET Q q 0 0 0 rg BT 214.04 534.60 Td (where ) Tj ET Q q 0 0 0 rg BT 241.17 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 255.54 534.60 Td (have ) Tj ET Q q 0 0 0 rg BT 277.13 534.60 Td (suf) Tj ET Q q 0 0 0 rg BT 289.17 534.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 317.42 534.60 Td (subsurface ) Tj ET Q q 0 0 0 rg BT 362.89 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.04 534.60 Td (seismic ) Tj ET Q q 0 0 0 rg BT 412.75 534.60 Td (data ) Tj ET Q q 0 0 0 rg BT 432.11 534.60 Td (indicating ) Tj ET Q q 0 0 0 rg BT 474.81 534.60 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 525.29 534.60 Td (attributes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 69.50 522.60 Td (coupled ) Tj ET Q q 0 0 0 rg BT 103.65 522.60 Td (with ) Tj ET Q q 0 0 0 rg BT 123.93 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 139.76 522.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 187.25 522.60 Td (high ) Tj ET Q q 0 0 0 rg BT 207.53 522.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 239.47 522.60 Td (success ) Tj ET Q q 0 0 0 rg BT 271.96 522.60 Td (rate, ) Tj ET Q q 0 0 0 rg BT 291.95 522.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 324.99 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 331.93 522.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 377.75 522.60 Td (high ) Tj ET Q q 0 0 0 rg BT 398.03 522.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 427.17 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.00 522.60 Td (certainty ) Tj ET Q q 0 0 0 rg BT 475.48 522.60 Td (that ) Tj ET Q q 0 0 0 rg BT 492.98 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 506.87 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.12 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 512.62 522.60 Td (is ) Tj ET Q q 0 0 0 rg BT 521.79 522.60 Td (present.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.28 498.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.50 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.73 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 139.51 498.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 171.41 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 181.07 498.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 215.18 498.60 Td (Dome, ) Tj ET Q q 0 0 0 rg BT 244.57 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 258.68 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 280.01 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.68 498.60 Td (capability ) Tj ET Q q 0 0 0 rg BT 336.56 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 346.78 498.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 378.11 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 393.89 498.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 439.11 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.00 498.60 Td (dehydration ) Tj ET Q q 0 0 0 rg BT 506.21 498.60 Td (capacities ) Tj ET Q q 0 0 0 rg BT 548.08 498.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (install ) Tj ET Q q 0 0 0 rg BT 76.53 486.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 119.10 486.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 157.79 486.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 185.92 486.60 Td (pumping ) Tj ET Q q 0 0 0 rg BT 224.06 486.60 Td (stations ) Tj ET Q q 0 0 0 rg BT 257.20 486.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 298.65 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 309.01 486.60 Td (transport ) Tj ET Q q 0 0 0 rg BT 347.14 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.94 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 375.83 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.08 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 381.66 486.60 Td (through ) Tj ET Q q 0 0 0 rg BT 415.35 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.27 486.60 Td (controlled ) Tj ET Q q 0 0 0 rg BT 474.39 486.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 509.19 486.60 Td (network. ) Tj ET Q q 0 0 0 rg BT 547.04 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.43 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 486.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.97 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 95.67 474.60 Td (current ) Tj ET Q q 0 0 0 rg BT 127.37 474.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 158.51 474.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.64 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.35 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 220.24 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.49 474.60 Td (, ) Tj ET Q q 0 0 0 rg BT 229.37 474.60 Td (coupled ) Tj ET Q q 0 0 0 rg BT 264.40 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 285.55 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 293.36 474.60 Td (risked ) Tj ET Q q 0 0 0 rg BT 321.18 474.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 354.00 474.60 Td (program ) Tj ET Q q 0 0 0 rg BT 391.25 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 401.84 474.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 436.88 474.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 464.69 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.51 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 496.40 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 503.02 474.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 541.93 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 474.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 86.31 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 108.14 462.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 148.30 462.60 Td (sources, ) Tj ET Q q 0 0 0 rg BT 183.17 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 193.34 462.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 226.27 462.60 Td (suf) Tj ET Q q 0 0 0 rg BT 238.31 462.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 266.24 462.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 307.51 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.23 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 332.12 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.37 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 337.75 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 351.80 462.60 Td (us ) Tj ET Q q 0 0 0 rg BT 363.08 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.24 462.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 407.29 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 423.00 462.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 453.16 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.98 462.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 507.36 462.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 529.74 462.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.40 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 73.73 450.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 94.18 450.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 119.08 450.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 149.25 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.37 450.60 Td (In ) Tj ET Q q 0 0 0 rg BT 161.81 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.15 450.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 204.65 450.60 Td (we ) Tj ET Q q 0 0 0 rg BT 218.43 450.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 249.42 450.60 Td (that ) Tj ET Q q 0 0 0 rg BT 266.53 450.60 Td (once ) Tj ET Q q 0 0 0 rg BT 287.53 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 294.08 450.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 307.98 449.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.23 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.35 450.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 336.57 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 346.47 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 353.03 450.60 Td (field ) Tj ET Q q 0 0 0 rg BT 373.47 450.60 Td (reaches ) Tj ET Q q 0 0 0 rg BT 405.57 450.60 Td (its ) Tj ET Q q 0 0 0 rg BT 417.13 450.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 462.02 450.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 503.01 450.60 Td (limit, ) Tj ET Q q 0 0 0 rg BT 526.52 450.60 Td (we ) Tj ET Q q 0 0 0 rg BT 540.30 450.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (recycle ) Tj ET Q q 0 0 0 rg BT 80.86 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.80 438.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 119.19 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.02 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.73 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.63 437.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.38 438.60 Td (that ) Tj ET Q q 0 0 0 rg BT 181.87 438.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 216.03 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 226.30 438.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.80 438.60 Td (field�) Tj ET Q q 0 0 0 rg BT 264.90 438.60 Td (s ) Tj ET Q q 0 0 0 rg BT 271.29 438.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 309.33 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.27 438.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 353.76 438.60 Td (it ) Tj ET Q q 0 0 0 rg BT 361.82 438.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.98 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 389.03 438.60 Td (production ) Tj ET Q q 0 0 0 rg BT 434.86 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.14 438.60 Td (another ) Tj ET Q q 0 0 0 rg BT 477.62 438.60 Td (field�) Tj ET Q q 0 0 0 rg BT 498.73 438.60 Td (s ) Tj ET Q q 0 0 0 rg BT 505.12 438.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 536.49 438.60 Td (flood.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (In ) Tj ET Q q 0 0 0 rg BT 79.41 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.20 414.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 117.11 414.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 143.47 414.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 175.09 414.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 236.43 414.60 Td (84% ) Tj ET Q q 0 0 0 rg BT 258.34 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.25 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 287.15 414.60 Td (average ) Tj ET Q q 0 0 0 rg BT 321.82 414.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 345.39 414.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.28 413.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.53 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.11 414.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 406.89 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 429.91 414.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 465.15 414.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 493.17 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 505.07 414.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 543.08 414.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 90.52 402.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 123.75 402.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.77 402.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.77 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.02 402.60 Td (was ) Tj ET Q q 0 0 0 rg BT 176.81 402.60 Td (used ) Tj ET Q q 0 0 0 rg BT 198.39 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 209.41 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 225.98 402.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 258.10 402.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 296.32 402.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 343.72 402.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 386.38 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.40 402.60 Td (83% ) Tj ET Q q 0 0 0 rg BT 418.98 402.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 402.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 453.24 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.93 402.60 Td (87% ) Tj ET Q q 0 0 0 rg BT 492.50 402.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.52 402.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.52 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 529.27 402.60 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 402.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 81.94 390.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 121.05 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 130.73 390.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 175.40 390.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 215.08 390.60 Td (users. ) Tj ET Q q 0 0 0 rg BT 240.04 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.95 390.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.19 390.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.19 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 296.59 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 310.16 390.60 Td (used ) Tj ET Q q 0 0 0 rg BT 330.40 390.60 Td (an ) Tj ET Q q 0 0 0 rg BT 341.74 390.60 Td (average ) Tj ET Q q 0 0 0 rg BT 374.73 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.97 390.60 Td (51) Tj ET Q q 0 0 0 rg BT 394.60 390.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 401.50 390.60 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 436.74 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 446.98 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 460.87 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.12 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.03 390.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 509.04 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 522.93 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.18 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.08 390.60 Td (captured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 378.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 111.71 378.60 Td (sources\) ) Tj ET Q q 0 0 0 rg BT 147.53 378.60 Td (for ) Tj ET Q q 0 0 0 rg BT 161.69 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 177.52 378.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 208.89 378.60 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 354.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 89.07 354.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 115.63 354.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 130.63 353.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.88 354.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.00 354.60 Td (Captur) Tj ET Q q 0 0 0 rg BT 166.93 354.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 179.05 354.60 Td (fr) Tj ET Q q 0 0 0 rg BT 186.63 354.60 Td (om ) Tj ET Q q 0 0 0 rg BT 202.08 354.60 Td (Industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.88 354.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.99 354.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 267.37 354.60 Td (ces.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.64 354.60 Td (��In ) Tj ET Q q 0 0 0 rg BT 298.09 354.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 332.98 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.88 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 358.33 354.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 388.21 354.60 Td (source ) Tj ET Q q 0 0 0 rg BT 416.43 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.87 354.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 440.77 353.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.02 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 448.63 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 462.41 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 476.74 354.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 514.95 354.60 Td (party ) Tj ET Q q 0 0 0 rg BT 537.61 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 547.51 354.60 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 91.96 342.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.08 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.89 342.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 180.45 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 194.34 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.59 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.62 342.60 Td (from ) Tj ET Q q 0 0 0 rg BT 223.09 342.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 263.89 342.60 Td (plants.��) Tj ET Q q 0 0 0 rg BT 295.09 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 303.73 342.60 Td (e ) Tj ET Q q 0 0 0 rg BT 311.20 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 333.10 342.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 376.67 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 390.56 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.81 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 396.83 342.60 Td (from ) Tj ET Q q 0 0 0 rg BT 419.30 342.60 Td (an ) Tj ET Q q 0 0 0 rg BT 431.77 342.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 472.57 342.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 503.91 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 514.72 342.60 Td (Port ) Tj ET Q q 0 0 0 rg BT 533.75 342.60 Td (Arthur) Tj ET Q q 0 0 0 rg BT 560.01 342.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 330.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 75.38 330.60 Td (since ) Tj ET Q q 0 0 0 rg BT 98.64 330.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 121.34 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.48 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 160.63 330.60 Td (an ) Tj ET Q q 0 0 0 rg BT 172.77 330.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 213.25 330.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 244.28 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.76 330.60 Td (Geismar) Tj ET Q q 0 0 0 rg BT 288.24 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 293.44 330.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 335.58 330.60 Td (since ) Tj ET Q q 0 0 0 rg BT 358.83 330.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 384.04 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 411.18 330.60 Td (supplied ) Tj ET Q q 0 0 0 rg BT 447.77 330.60 Td (an ) Tj ET Q q 0 0 0 rg BT 459.92 330.60 Td (average ) Tj ET Q q 0 0 0 rg BT 493.70 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.74 330.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (53 ) Tj ET Q q 0 0 0 rg BT 61.87 318.60 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 97.57 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.28 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.17 317.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.42 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 127.79 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.94 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 153.64 318.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 176.01 318.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 220.04 318.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.52 318.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.52 318.60 Td (.��) Tj ET Q q 0 0 0 rg BT 275.47 318.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 325.37 318.60 Td (, ) Tj ET Q q 0 0 0 rg BT 330.24 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 344.28 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 358.86 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.01 318.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 404.16 318.60 Td (discussions ) Tj ET Q q 0 0 0 rg BT 452.09 318.60 Td (with ) Tj ET Q q 0 0 0 rg BT 472.24 318.60 Td (other ) Tj ET Q q 0 0 0 rg BT 495.16 318.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 524.19 318.60 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 72.92 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 83.01 306.60 Td (construct ) Tj ET Q q 0 0 0 rg BT 121.98 306.60 Td (plants ) Tj ET Q q 0 0 0 rg BT 148.17 306.60 Td (near ) Tj ET Q q 0 0 0 rg BT 167.69 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.22 306.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 208.96 306.60 Td (Pipeline. ) Tj ET Q q 0 0 0 rg BT 246.54 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 248.85 306.60 Td (In ) Tj ET Q q 0 0 0 rg BT 259.50 306.60 Td (order ) Tj ET Q q 0 0 0 rg BT 282.90 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 292.99 306.60 Td (capture ) Tj ET Q q 0 0 0 rg BT 324.73 306.60 Td (such ) Tj ET Q q 0 0 0 rg BT 345.37 306.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 384.07 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 398.04 306.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 412.01 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 426.54 306.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 448.84 306.60 Td (owner\) ) Tj ET Q q 0 0 0 rg BT 479.48 306.60 Td (would ) Tj ET Q q 0 0 0 rg BT 506.79 306.60 Td (need ) Tj ET Q q 0 0 0 rg BT 527.97 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 538.06 306.60 Td (install ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 294.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 139.20 294.60 Td (which ) Tj ET Q q 0 0 0 rg BT 166.14 294.60 Td (includes, ) Tj ET Q q 0 0 0 rg BT 204.47 294.60 Td (at ) Tj ET Q q 0 0 0 rg BT 214.18 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 221.12 294.60 Td (minimum, ) Tj ET Q q 0 0 0 rg BT 265.01 294.60 Td (compression ) Tj ET Q q 0 0 0 rg BT 318.06 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.00 294.60 Td (dehydration ) Tj ET Q q 0 0 0 rg BT 385.26 294.60 Td (facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 270.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 88.33 270.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 114.15 270.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 129.15 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.40 270.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.77 270.60 Td (Pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.61 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.98 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.26 270.60 Td (W) Tj ET Q q 0 0 0 rg BT 185.90 270.60 Td (e ) Tj ET Q q 0 0 0 rg BT 191.71 270.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 227.52 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.11 270.60 Td (183-mile ) Tj ET Q q 0 0 0 rg BT 278.59 270.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 304.41 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 318.30 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.55 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 322.93 270.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 356.52 270.60 Td (that ) Tj ET Q q 0 0 0 rg BT 372.89 270.60 Td (runs ) Tj ET Q q 0 0 0 rg BT 391.49 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 412.30 270.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 445.34 270.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 471.16 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.31 270.60 Td (near ) Tj ET Q q 0 0 0 rg BT 498.89 270.60 Td (Donaldsonville, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 93.81 258.60 Td (as ) Tj ET Q q 0 0 0 rg BT 104.52 258.60 Td (part ) Tj ET Q q 0 0 0 rg BT 122.44 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.15 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.75 258.60 Td (2001 ) Tj ET Q q 0 0 0 rg BT 170.13 258.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 216.38 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 227.09 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.80 258.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 276.84 258.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 303.66 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 317.55 257.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 323.17 258.60 Td (source.��Since ) Tj ET Q q 0 0 0 rg BT 381.37 258.60 Td (2001, ) Tj ET Q q 0 0 0 rg BT 406.25 258.60 Td (we ) Tj ET Q q 0 0 0 rg BT 420.28 258.60 Td (have ) Tj ET Q q 0 0 0 rg BT 441.54 258.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 478.34 258.60 Td (or ) Tj ET Q q 0 0 0 rg BT 489.05 258.60 Td (constructed ) Tj ET Q q 0 0 0 rg BT 537.52 258.60 Td (nearly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (750 ) Tj ET Q q 0 0 0 rg BT 67.16 246.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 91.49 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.48 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.37 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.62 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.29 246.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 163.55 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.65 246.60 Td (as ) Tj ET Q q 0 0 0 rg BT 191.65 246.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.64 246.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 261.39 246.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.39 246.60 Td (, ) Tj ET Q q 0 0 0 rg BT 286.55 246.60 Td (we ) Tj ET Q q 0 0 0 rg BT 300.87 246.60 Td (have ) Tj ET Q q 0 0 0 rg BT 322.41 246.60 Td (access ) Tj ET Q q 0 0 0 rg BT 350.61 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 361.05 246.60 Td (nearly ) Tj ET Q q 0 0 0 rg BT 388.70 246.60 Td (925 ) Tj ET Q q 0 0 0 rg BT 406.36 246.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 430.69 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.68 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 455.57 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.82 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 461.49 246.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 502.75 246.60 Td (which ) Tj ET Q q 0 0 0 rg BT 529.85 246.60 Td (gives ) Tj ET Q q 0 0 0 rg BT 553.62 246.60 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.89 234.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 91.62 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.57 234.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 131.51 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 145.40 233.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.65 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.83 234.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 196.89 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.28 234.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 231.79 234.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 256.74 234.60 Td (region.��In ) Tj ET Q q 0 0 0 rg BT 300.29 234.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 335.24 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.20 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.59 234.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 386.21 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 400.10 233.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.76 234.60 Td (pipeline, ) Tj ET Q q 0 0 0 rg BT 441.65 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.04 234.60 Td (major ) Tj ET Q q 0 0 0 rg BT 481.54 234.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 519.82 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.77 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 234.60 Td (Gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 75.66 222.60 Td (region ) Tj ET Q q 0 0 0 rg BT 104.58 222.60 Td (are ) Tj ET Q q 0 0 0 rg BT 120.17 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.76 222.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 156.91 222.60 Td (State ) Tj ET Q q 0 0 0 rg BT 180.28 222.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 216.43 222.60 Td (\(90 ) Tj ET Q q 0 0 0 rg BT 233.14 222.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 264.01 222.60 Td (Delta ) Tj ET Q q 0 0 0 rg BT 289.05 222.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 325.20 222.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 333.16 222.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 346.53 222.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 377.41 222.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 405.21 222.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 441.12 222.60 Td (T) Tj ET Q q 0 0 0 rg BT 446.53 222.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 467.68 222.60 Td (\(120 ) Tj ET Q q 0 0 0 rg BT 489.39 222.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 520.26 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 538.08 222.60 Td (Green ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 84.77 210.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 126.71 210.60 Td (\(200 ) Tj ET Q q 0 0 0 rg BT 147.54 210.60 Td (miles\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.60 Td (Completion ) Tj ET Q q 0 0 0 rg BT 117.89 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 129.38 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.76 186.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 172.35 186.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 208.29 186.60 Td (allowed ) Tj ET Q q 0 0 0 rg BT 243.11 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 257.93 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.32 186.60 Td (first ) Tj ET Q q 0 0 0 rg BT 292.59 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 306.48 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.73 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 312.89 186.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 351.05 186.60 Td (into ) Tj ET Q q 0 0 0 rg BT 369.77 186.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 407.93 186.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 434.15 186.60 Td (located ) Tj ET Q q 0 0 0 rg BT 466.19 186.60 Td (near ) Tj ET Q q 0 0 0 rg BT 486.56 186.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 525.89 186.60 Td (T) Tj ET Q q 0 0 0 rg BT 531.30 186.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 554.73 186.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 73.87 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.18 174.60 Td (gives ) Tj ET Q q 0 0 0 rg BT 113.16 174.60 Td (us ) Tj ET Q q 0 0 0 rg BT 123.92 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.01 174.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 165.43 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.08 174.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 204.71 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.60 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.85 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.72 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 233.37 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 245.80 174.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 269.88 174.60 Td (all ) Tj ET Q q 0 0 0 rg BT 281.75 174.60 Td (along ) Tj ET Q q 0 0 0 rg BT 305.84 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.92 174.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 340.12 174.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 364.77 174.60 Td (from ) Tj ET Q q 0 0 0 rg BT 386.08 174.60 Td (Baton ) Tj ET Q q 0 0 0 rg BT 411.84 174.60 Td (Rouge, ) Tj ET Q q 0 0 0 rg BT 442.31 174.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 486.12 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 495.35 174.60 Td (Alvin, ) Tj ET Q q 0 0 0 rg BT 522.37 174.60 Td (T) Tj ET Q q 0 0 0 rg BT 527.78 174.60 Td (exas.��) Tj ET Q q 0 0 0 rg BT 552.49 174.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.49 162.60 Td (present ) Tj ET Q q 0 0 0 rg BT 96.14 162.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 119.18 162.60 Td (most ) Tj ET Q q 0 0 0 rg BT 141.41 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.51 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.50 162.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 181.39 161.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.64 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.41 162.60 Td (flowing ) Tj ET Q q 0 0 0 rg BT 221.29 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.84 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.83 162.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 274.03 162.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 309.58 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 319.02 162.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 359.00 162.60 Td (from ) Tj ET Q q 0 0 0 rg BT 381.21 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.20 162.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 430.63 162.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 457.84 162.60 Td (area, ) Tj ET Q q 0 0 0 rg BT 479.76 162.60 Td (but ) Tj ET Q q 0 0 0 rg BT 495.31 162.60 Td (also ) Tj ET Q q 0 0 0 rg BT 514.19 162.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 550.29 162.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 149.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 68.75 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 82.52 150.60 Td (are ) Tj ET Q q 0 0 0 rg BT 96.84 150.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 136.15 150.60 Td (from ) Tj ET Q q 0 0 0 rg BT 157.70 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.03 150.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 211.92 150.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 248.45 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.34 150.60 Td (Port ) Tj ET Q q 0 0 0 rg BT 276.66 150.60 Td (Arthur) Tj ET Q q 0 0 0 rg BT 302.92 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 307.38 150.60 Td (T) Tj ET Q q 0 0 0 rg BT 312.79 150.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 332.67 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.22 150.60 Td (Geismar) Tj ET Q q 0 0 0 rg BT 382.69 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 387.30 150.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 431.35 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 447.90 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 461.67 150.60 Td (are ) Tj ET Q q 0 0 0 rg BT 475.99 150.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 514.19 150.60 Td (transporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (a ) Tj ET Q q 0 0 0 rg BT 56.59 138.60 Td (third ) Tj ET Q q 0 0 0 rg BT 78.12 138.60 Td (party�) Tj ET Q q 0 0 0 rg BT 101.45 138.60 Td (s ) Tj ET Q q 0 0 0 rg BT 107.99 138.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 121.88 137.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.13 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 127.77 138.60 Td (for ) Tj ET Q q 0 0 0 rg BT 142.08 138.60 Td (a ) Tj ET Q q 0 0 0 rg BT 149.17 138.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 164.02 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.45 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.32 138.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 211.40 138.60 Td (point ) Tj ET Q q 0 0 0 rg BT 234.61 138.60 Td (at ) Tj ET Q q 0 0 0 rg BT 244.47 138.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 282.12 138.60 Td (Field.� ) Tj ET Q q 0 0 0 rg BT 310.13 138.60 Td (W) Tj ET Q q 0 0 0 rg BT 318.77 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 325.86 138.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 364.60 138.60 Td (have ) Tj ET Q q 0 0 0 rg BT 386.12 138.60 Td (ample ) Tj ET Q q 0 0 0 rg BT 413.20 138.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 449.16 138.60 Td (within ) Tj ET Q q 0 0 0 rg BT 477.37 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.23 138.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 519.31 138.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 554.73 138.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (handle ) Tj ET Q q 0 0 0 rg BT 78.66 126.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.15 126.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 157.53 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 175.03 126.60 Td (may ) Tj ET Q q 0 0 0 rg BT 194.74 126.60 Td (be ) Tj ET Q q 0 0 0 rg BT 206.68 126.60 Td (required ) Tj ET Q q 0 0 0 rg BT 242.50 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 252.78 126.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 286.93 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 302.76 126.60 Td (inventory ) Tj ET Q q 0 0 0 rg BT 343.59 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.42 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 368.31 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.56 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 374.06 126.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 396.56 126.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 430.71 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 440.99 126.60 Td (this ) Tj ET Q q 0 0 0 rg BT 457.94 126.60 Td (area.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 102.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 102.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 102.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 128.21 102.60 Td (with ) Tj ET Q q 0 0 0 rg BT 147.93 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 152.58 102.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 182.29 102.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 191.92 102.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 229.42 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.92 102.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 256.55 102.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 277.92 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 282.57 102.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 312.28 102.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 350.32 102.60 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 360.60 102.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 419.19 102.60 Td (2019) Tj ET Q BT /F5 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 78.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 93.06 78.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.23 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.01 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.79 78.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 147.79 78.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 171.13 78.60 Td (is ) Tj ET Q q 0 0 0 rg BT 180.59 78.60 Td (located ) Tj ET Q q 0 0 0 rg BT 212.24 78.60 Td (east ) Tj ET Q q 0 0 0 rg BT 230.57 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.68 78.60 Td (Monroe, ) Tj ET Q q 0 0 0 rg BT 278.63 78.60 Td (Louisiana.��In ) Tj ET Q q 0 0 0 rg BT 336.67 78.60 Td (May ) Tj ET Q q 0 0 0 rg BT 357.79 78.60 Td (2006, ) Tj ET Q q 0 0 0 rg BT 383.07 78.60 Td (we ) Tj ET Q q 0 0 0 rg BT 397.51 78.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 440.83 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.95 78.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 483.06 78.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 515.28 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.84 78.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 550.84 78.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 67.20 66.60 Td (million.��) Tj ET Q q 0 0 0 rg BT 103.41 66.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.04 66.60 Td (e ) Tj ET Q q 0 0 0 rg BT 119.18 66.60 Td (began ) Tj ET Q q 0 0 0 rg BT 145.75 66.60 Td (well ) Tj ET Q q 0 0 0 rg BT 165.66 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 182.80 66.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 213.81 66.60 Td (development ) Tj ET Q q 0 0 0 rg BT 268.16 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 278.63 66.60 Td (2008, ) Tj ET Q q 0 0 0 rg BT 303.83 66.60 Td (began ) Tj ET Q q 0 0 0 rg BT 330.40 66.60 Td (delivering ) Tj ET Q q 0 0 0 rg BT 373.64 66.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 387.53 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.78 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 393.47 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 403.95 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.86 66.60 Td (field ) Tj ET Q q 0 0 0 rg BT 439.88 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.35 66.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 473.05 66.60 Td (via ) Tj ET Q q 0 0 0 rg BT 487.96 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.87 66.60 Td (Delta ) Tj ET Q q 0 0 0 rg BT 527.22 66.60 Td (Pipeline, ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (which ) Tj ET Q q 0 0 0 rg BT 77.28 726.60 Td (runs ) Tj ET Q q 0 0 0 rg BT 97.83 726.60 Td (from ) Tj ET Q q 0 0 0 rg BT 120.37 726.60 Td (T) Tj ET Q q 0 0 0 rg BT 126.13 726.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 153.35 726.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 177.24 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.36 726.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 213.91 726.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 240.31 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.08 726.60 Td (first ) Tj ET Q q 0 0 0 rg BT 277.53 726.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 309.74 726.60 Td (production ) Tj ET Q q 0 0 0 rg BT 356.40 726.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 394.72 726.60 Td (at ) Tj ET Q q 0 0 0 rg BT 405.27 726.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 430.82 726.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 454.72 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 465.83 726.60 Td (2010.��During ) Tj ET Q q 0 0 0 rg BT 525.00 726.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 550.84 726.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 93.43 714.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 145.15 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.76 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 162.48 714.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 192.52 714.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 208.14 714.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 237.65 714.60 Td (extraction ) Tj ET Q q 0 0 0 rg BT 279.91 714.60 Td (plant, ) Tj ET Q q 0 0 0 rg BT 304.68 714.60 Td (which ) Tj ET Q q 0 0 0 rg BT 331.40 714.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 368.12 714.60 Td (us ) Tj ET Q q 0 0 0 rg BT 379.30 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 399.36 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 413.86 714.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 441.69 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 451.75 714.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 467.92 714.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 497.96 714.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 513.58 714.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 543.08 714.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 702.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 104.27 702.60 Td (stream, ) Tj ET Q q 0 0 0 rg BT 136.10 702.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 172.10 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.99 702.60 Td (ef) Tj ET Q q 0 0 0 rg BT 194.58 702.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 229.45 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 240.45 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.34 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 269.24 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.49 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 275.16 702.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 301.44 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.55 702.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 346.22 702.60 Td (extracted ) Tj ET Q q 0 0 0 rg BT 385.53 702.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 422.08 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.53 702.60 Td (power ) Tj ET Q q 0 0 0 rg BT 460.19 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.08 702.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 497.75 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.86 702.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 544.18 702.60 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.71 690.60 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 130.75 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 133.19 690.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 179.52 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 201.41 690.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 226.07 690.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 249.07 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.29 690.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.95 690.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 300.83 690.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.59 690.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.37 690.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.37 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 364.81 690.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.34 690.60 Td (4,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.84 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 428.28 690.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 459.34 690.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 501.21 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.43 690.60 Td (4,526 ) Tj ET Q q 0 0 0 rg BT 536.38 690.60 Td (Bbls/d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 678.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 101.43 678.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.25 678.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.08 678.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.08 678.60 Td (.� ) Tj ET Q q 0 0 0 rg BT 170.58 678.60 Td (During ) Tj ET Q q 0 0 0 rg BT 201.41 678.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 226.41 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 240.57 678.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 260.29 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.56 678.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 305.27 678.60 Td (conformance ) Tj ET Q q 0 0 0 rg BT 359.96 678.60 Td (work ) Tj ET Q q 0 0 0 rg BT 383.02 678.60 Td (at ) Tj ET Q q 0 0 0 rg BT 392.73 678.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 417.45 678.60 Td (Field.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 107.15 654.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.31 654.60 Td (��Hastings ) Tj ET Q q 0 0 0 rg BT 173.73 654.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 196.71 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 205.80 654.60 Td (located ) Tj ET Q q 0 0 0 rg BT 237.09 654.60 Td (south ) Tj ET Q q 0 0 0 rg BT 261.18 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.92 654.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 310.56 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 315.97 654.60 Td (exas.��) Tj ET Q q 0 0 0 rg BT 341.06 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 349.70 654.60 Td (e ) Tj ET Q q 0 0 0 rg BT 356.55 654.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 393.39 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 400.25 654.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 436.55 654.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 468.40 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 478.60 654.60 Td (this ) Tj ET Q q 0 0 0 rg BT 495.47 654.60 Td (field ) Tj ET Q q 0 0 0 rg BT 516.21 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.41 654.60 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 71.89 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 85.94 642.60 Td ($247 ) Tj ET Q q 0 0 0 rg BT 108.33 642.60 Td (million.��) Tj ET Q q 0 0 0 rg BT 144.54 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 153.18 642.60 Td (e ) Tj ET Q q 0 0 0 rg BT 160.01 642.60 Td (initiated ) Tj ET Q q 0 0 0 rg BT 195.17 642.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 209.06 641.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.31 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.70 642.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 252.08 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.25 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.68 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 285.32 642.60 Td (est ) Tj ET Q q 0 0 0 rg BT 298.82 642.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 336.21 642.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 356.38 642.60 Td (during ) Tj ET Q q 0 0 0 rg BT 384.87 642.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 407.26 642.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 429.65 642.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 477.03 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 487.75 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.36 642.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 554.19 642.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.52 630.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 89.74 630.60 Td (Pipeline.��Due ) Tj ET Q q 0 0 0 rg BT 148.48 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 158.05 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.07 630.60 Td (lar) Tj ET Q q 0 0 0 rg BT 182.44 630.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 193.67 630.60 Td (vertical ) Tj ET Q q 0 0 0 rg BT 225.45 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 237.81 630.60 Td (column ) Tj ET Q q 0 0 0 rg BT 269.60 630.60 Td (that ) Tj ET Q q 0 0 0 rg BT 286.40 630.60 Td (exists ) Tj ET Q q 0 0 0 rg BT 310.98 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 320.55 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.57 630.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 357.20 630.60 Td (we ) Tj ET Q q 0 0 0 rg BT 370.65 630.60 Td (are ) Tj ET Q q 0 0 0 rg BT 384.66 630.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 430.89 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.91 630.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 463.38 630.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 500.72 630.60 Td (using ) Tj ET Q q 0 0 0 rg BT 524.19 630.60 Td (dedicated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.79 618.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 107.94 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 125.53 618.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 169.22 618.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 193.48 618.60 Td (for ) Tj ET Q q 0 0 0 rg BT 208.30 618.60 Td (each ) Tj ET Q q 0 0 0 rg BT 229.76 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.25 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.61 618.60 Td (major ) Tj ET Q q 0 0 0 rg BT 283.09 618.60 Td (sand ) Tj ET Q q 0 0 0 rg BT 304.57 618.60 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 344.66 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.58 618.60 Td (W) Tj ET Q q 0 0 0 rg BT 356.22 618.60 Td (e ) Tj ET Q q 0 0 0 rg BT 363.81 618.60 Td (began ) Tj ET Q q 0 0 0 rg BT 390.84 618.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 434.54 618.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 448.25 618.60 Td (from ) Tj ET Q q 0 0 0 rg BT 470.84 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 487.32 618.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 510.47 618.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 555.28 618.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 86.69 606.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 109.43 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 119.39 606.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 144.08 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.70 606.60 Td (we ) Tj ET Q q 0 0 0 rg BT 174.54 606.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 206.17 606.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 231.68 606.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 261.64 606.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 292.69 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 327.64 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 341.48 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.73 606.60 Td (W) Tj ET Q q 0 0 0 rg BT 364.36 606.60 Td (est ) Tj ET Q q 0 0 0 rg BT 377.66 606.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 414.84 606.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 434.81 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.77 606.60 Td (2012.��) Tj ET Q q 0 0 0 rg BT 472.09 606.60 Td (The ) Tj ET Q q 0 0 0 rg BT 489.82 606.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 530.89 606.60 Td (also ) Tj ET Q q 0 0 0 rg BT 549.19 606.60 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (future ) Tj ET Q q 0 0 0 rg BT 75.64 594.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 99.00 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 112.92 594.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 154.61 594.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 185.74 594.60 Td (development ) Tj ET Q q 0 0 0 rg BT 239.65 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.24 594.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 284.16 594.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 314.19 594.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 367.54 594.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 402.56 594.60 Td (at ) Tj ET Q q 0 0 0 rg BT 412.03 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 426.51 594.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 449.59 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 451.85 594.60 Td (During ) Tj ET Q q 0 0 0 rg BT 482.44 594.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.91 594.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 523.61 594.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.93 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.19 594.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 582.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 105.87 582.60 Td (production ) Tj ET Q q 0 0 0 rg BT 151.70 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 173.64 582.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 211.14 582.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 234.19 582.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.78 582.60 Td (5,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.28 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 297.78 582.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 328.89 582.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 370.82 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 381.10 582.60 Td (5,480 ) Tj ET Q q 0 0 0 rg BT 406.10 582.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 434.71 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.99 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.71 582.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 486.65 582.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 517.46 582.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.29 582.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.29 582.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (Heidelberg ) Tj ET Q q 0 0 0 rg BT 117.29 558.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.46 558.60 Td (��Heidelber) Tj ET Q q 0 0 0 rg BT 185.70 558.60 Td (g ) Tj ET Q q 0 0 0 rg BT 193.28 558.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 216.42 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 225.67 558.60 Td (located ) Tj ET Q q 0 0 0 rg BT 257.13 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.49 558.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 315.64 558.60 Td (of) Tj ET Q q 0 0 0 rg BT 323.79 558.60 Td (f ) Tj ET Q q 0 0 0 rg BT 329.70 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.62 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.42 558.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 375.77 558.60 Td (State ) Tj ET Q q 0 0 0 rg BT 398.34 558.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 433.70 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.72 558.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 484.97 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.88 558.60 Td (an ) Tj ET Q q 0 0 0 rg BT 507.90 558.60 Td (East ) Tj ET Q q 0 0 0 rg BT 527.70 558.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 548.06 558.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 55.88 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 64.52 546.60 Td (est ) Tj ET Q q 0 0 0 rg BT 77.71 546.60 Td (Unit.��Construction ) Tj ET Q q 0 0 0 rg BT 156.75 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.17 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.47 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.36 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.61 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.70 546.60 Td (facility) Tj ET Q q 0 0 0 rg BT 228.38 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 232.96 546.60 Td (connecting ) Tj ET Q q 0 0 0 rg BT 278.93 546.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 313.23 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.76 546.60 Td (well ) Tj ET Q q 0 0 0 rg BT 349.06 546.60 Td (work ) Tj ET Q q 0 0 0 rg BT 371.71 546.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 422.11 546.60 Td (on ) Tj ET Q q 0 0 0 rg BT 434.20 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.35 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 456.99 546.60 Td (est ) Tj ET Q q 0 0 0 rg BT 470.19 546.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 509.43 546.60 Td (g ) Tj ET Q q 0 0 0 rg BT 516.52 546.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 536.39 546.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (2008, ) Tj ET Q q 0 0 0 rg BT 74.20 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 94.18 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 109.71 534.60 Td (first ) Tj ET Q q 0 0 0 rg BT 128.03 534.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 141.92 533.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.17 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 147.37 534.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 188.45 534.60 Td (into ) Tj ET Q q 0 0 0 rg BT 206.21 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.63 534.60 Td (Eutaw ) Tj ET Q q 0 0 0 rg BT 248.38 534.60 Td (zone.��Our ) Tj ET Q q 0 0 0 rg BT 292.51 534.60 Td (first ) Tj ET Q q 0 0 0 rg BT 310.82 534.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 341.90 534.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 354.65 534.60 Td (production ) Tj ET Q q 0 0 0 rg BT 400.18 534.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 437.36 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 447.34 534.60 Td (2009, ) Tj ET Q q 0 0 0 rg BT 472.04 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 488.68 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 502.54 534.60 Td (began ) Tj ET Q q 0 0 0 rg BT 528.62 534.60 Td (flooding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.57 522.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 105.99 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 122.15 522.60 Td (T) Tj ET Q q 0 0 0 rg BT 127.91 522.60 Td (uscaloosa ) Tj ET Q q 0 0 0 rg BT 168.64 522.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 193.26 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 202.90 522.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 224.76 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 241.05 522.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 265.41 522.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 313.07 522.60 Td (.��During ) Tj ET Q q 0 0 0 rg BT 350.76 522.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 375.11 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 388.63 522.60 Td (expanded ) Tj ET Q q 0 0 0 rg BT 428.80 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 443.99 522.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 474.72 522.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 497.69 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 507.87 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.95 522.60 Td (Christmas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 70.72 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.50 510.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 123.16 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 133.28 510.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 182.82 510.60 Td (behind ) Tj ET Q q 0 0 0 rg BT 212.38 510.60 Td (pipe ) Tj ET Q q 0 0 0 rg BT 231.94 510.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 268.43 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 270.77 510.60 Td (During ) Tj ET Q q 0 0 0 rg BT 301.44 510.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 510.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 342.78 510.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.09 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 373.44 510.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.11 510.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.11 510.60 Td (, ) Tj ET Q q 0 0 0 rg BT 408.95 510.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 440.16 510.60 Td (production ) Tj ET Q q 0 0 0 rg BT 485.82 510.60 Td (at ) Tj ET Q q 0 0 0 rg BT 495.38 510.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 534.62 510.60 Td (g ) Tj ET Q q 0 0 0 rg BT 541.96 510.60 Td (Field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.67 498.60 Td (4,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.17 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.25 498.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 142.95 498.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 184.45 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 194.31 498.60 Td (4,269 ) Tj ET Q q 0 0 0 rg BT 218.89 498.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 247.09 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 256.95 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.25 498.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 297.77 498.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 328.17 498.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.58 498.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.58 498.60 Td (. ) Tj ET Q q 0 0 0 rg BT 363.16 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 365.24 498.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 382.88 498.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 404.96 498.60 Td (development ) Tj ET Q q 0 0 0 rg BT 458.69 498.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 481.88 498.60 Td (for ) Tj ET Q q 0 0 0 rg BT 495.62 498.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 534.86 498.60 Td (g ) Tj ET Q q 0 0 0 rg BT 541.95 498.60 Td (Field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (include ) Tj ET Q q 0 0 0 rg BT 81.61 486.60 Td (conformance ) Tj ET Q q 0 0 0 rg BT 136.49 486.60 Td (work, ) Tj ET Q q 0 0 0 rg BT 162.22 486.60 Td (with ) Tj ET Q q 0 0 0 rg BT 182.68 486.60 Td (future ) Tj ET Q q 0 0 0 rg BT 209.24 486.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 233.03 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 247.37 486.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 289.48 486.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 321.03 486.60 Td (development ) Tj ET Q q 0 0 0 rg BT 375.36 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.38 486.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 420.72 486.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 451.17 486.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 504.94 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 540.38 486.60 Td (at ) Tj ET Q q 0 0 0 rg BT 550.28 486.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (field. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (Oyster) Tj ET Q q 0 0 0 rg BT 96.20 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.38 450.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 127.80 450.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.96 450.60 Td (��) Tj ET Q q 0 0 0 rg BT 156.78 450.60 Td (W) Tj ET Q q 0 0 0 rg BT 165.42 450.60 Td (e ) Tj ET Q q 0 0 0 rg BT 172.04 450.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 208.65 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.27 450.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 251.34 450.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.95 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 292.92 450.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 321.76 450.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 350.05 450.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 372.79 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 382.76 450.60 Td (2007. ) Tj ET Q q 0 0 0 rg BT 407.44 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 409.47 450.60 Td (The ) Tj ET Q q 0 0 0 rg BT 427.20 450.60 Td (field ) Tj ET Q q 0 0 0 rg BT 447.71 450.60 Td (is ) Tj ET Q q 0 0 0 rg BT 456.56 450.60 Td (located ) Tj ET Q q 0 0 0 rg BT 487.62 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 497.58 450.60 Td (southeast ) Tj ET Q q 0 0 0 rg BT 536.82 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 450.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (east ) Tj ET Q q 0 0 0 rg BT 66.94 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.16 438.60 Td (Galveston ) Tj ET Q q 0 0 0 rg BT 119.60 438.60 Td (Bay) Tj ET Q q 0 0 0 rg BT 135.06 438.60 Td (, ) Tj ET Q q 0 0 0 rg BT 139.45 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.78 438.60 Td (is ) Tj ET Q q 0 0 0 rg BT 164.34 438.60 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 206.78 438.60 Td (unique ) Tj ET Q q 0 0 0 rg BT 235.89 438.60 Td (when ) Tj ET Q q 0 0 0 rg BT 259.44 438.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 300.76 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.43 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 325.65 438.60 Td (other ) Tj ET Q q 0 0 0 rg BT 348.09 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.98 437.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.23 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.12 438.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 389.02 438.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 422.56 438.60 Td (because ) Tj ET Q q 0 0 0 rg BT 456.10 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.21 438.60 Td (field ) Tj ET Q q 0 0 0 rg BT 490.43 438.60 Td (covers ) Tj ET Q q 0 0 0 rg BT 518.42 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 524.75 438.60 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (small ) Tj ET Q q 0 0 0 rg BT 73.12 426.60 Td (area ) Tj ET Q q 0 0 0 rg BT 91.71 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.99 426.60 Td (3,912 ) Tj ET Q q 0 0 0 rg BT 126.44 426.60 Td (acres. ) Tj ET Q q 0 0 0 rg BT 151.43 426.60 Td (�) Tj ET Q q 0 0 0 rg BT 153.75 426.60 Td (W) Tj ET Q q 0 0 0 rg BT 162.39 426.60 Td (e ) Tj ET Q q 0 0 0 rg BT 168.78 426.60 Td (began ) Tj ET Q q 0 0 0 rg BT 194.60 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 208.50 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.75 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.70 426.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 254.53 426.60 Td (into ) Tj ET Q q 0 0 0 rg BT 272.04 426.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 300.65 426.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 328.71 426.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 351.21 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 360.94 426.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 385.39 426.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 435.65 426.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 466.48 426.60 Td (production ) Tj ET Q q 0 0 0 rg BT 511.75 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 521.48 426.60 Td (201) Tj ET Q q 0 0 0 rg BT 536.11 426.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 543.06 426.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.59 414.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 83.49 414.60 Td (A-1 ) Tj ET Q q 0 0 0 rg BT 101.92 414.60 Td (zone, ) Tj ET Q q 0 0 0 rg BT 126.16 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.47 414.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 175.78 414.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 201.98 414.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 232.62 414.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 264.36 414.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 299.99 414.60 Td (for ) Tj ET Q q 0 0 0 rg BT 314.52 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.61 414.60 Td (field ) Tj ET Q q 0 0 0 rg BT 350.80 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 361.45 414.60 Td (2012.��In ) Tj ET Q q 0 0 0 rg BT 400.15 414.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 425.52 414.60 Td (we ) Tj ET Q q 0 0 0 rg BT 440.05 414.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 484.57 414.60 Td (development ) Tj ET Q q 0 0 0 rg BT 539.09 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 414.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 68.07 402.60 Td (A-2 ) Tj ET Q q 0 0 0 rg BT 86.05 402.60 Td (zone. ) Tj ET Q q 0 0 0 rg BT 109.86 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.30 402.60 Td (During ) Tj ET Q q 0 0 0 rg BT 143.06 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.71 402.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 184.59 402.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 215.33 402.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.10 402.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.10 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 251.03 402.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 282.34 402.60 Td (production ) Tj ET Q q 0 0 0 rg BT 328.10 402.60 Td (at ) Tj ET Q q 0 0 0 rg BT 337.75 402.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 366.84 402.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 395.39 402.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 418.38 402.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.90 402.60 Td (4,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.40 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 481.83 402.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 512.88 402.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.74 402.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (4,785 ) Tj ET Q q 0 0 0 rg BT 74.50 390.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 103.12 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 113.40 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.11 390.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 155.05 390.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 185.87 390.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.70 390.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.70 390.60 Td (. ) Tj ET Q q 0 0 0 rg BT 221.70 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.20 390.60 Td (During ) Tj ET Q q 0 0 0 rg BT 255.03 390.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 280.03 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 294.19 390.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 313.90 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 324.18 390.60 Td (invest ) Tj ET Q q 0 0 0 rg BT 350.57 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 360.85 390.60 Td (down-dip ) Tj ET Q q 0 0 0 rg BT 401.68 390.60 Td (expansion ) Tj ET Q q 0 0 0 rg BT 444.72 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.55 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.27 390.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 488.89 390.60 Td (A-2 ) Tj ET Q q 0 0 0 rg BT 506.94 390.60 Td (zone.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 366.60 Td (T) Tj ET Q q 0 0 0 rg BT 73.99 366.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 101.30 366.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.46 366.60 Td (��) Tj ET Q q 0 0 0 rg BT 130.28 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 138.92 366.60 Td (e ) Tj ET Q q 0 0 0 rg BT 146.21 366.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 183.29 366.60 Td (T) Tj ET Q q 0 0 0 rg BT 189.05 366.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 215.79 366.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 239.21 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 249.84 366.60 Td (2006. ) Tj ET Q q 0 0 0 rg BT 275.20 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.85 366.60 Td (This ) Tj ET Q q 0 0 0 rg BT 298.49 366.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 346.92 366.60 Td (field ) Tj ET Q q 0 0 0 rg BT 368.10 366.60 Td (was ) Tj ET Q q 0 0 0 rg BT 386.51 366.60 Td (discovered ) Tj ET Q q 0 0 0 rg BT 432.68 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.98 366.60 Td (first ) Tj ET Q q 0 0 0 rg BT 468.94 366.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 512.90 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 523.53 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.61 366.60 Td (1930s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 354.60 Td (is ) Tj ET Q q 0 0 0 rg BT 76.16 354.60 Td (separated ) Tj ET Q q 0 0 0 rg BT 116.69 354.60 Td (by ) Tj ET Q q 0 0 0 rg BT 129.46 354.60 Td (dif) Tj ET Q q 0 0 0 rg BT 140.39 354.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 166.48 354.60 Td (fault ) Tj ET Q q 0 0 0 rg BT 187.58 354.60 Td (blocks.��) Tj ET Q q 0 0 0 rg BT 220.64 354.60 Td (As ) Tj ET Q q 0 0 0 rg BT 234.52 354.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.97 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.96 354.60 Td (case ) Tj ET Q q 0 0 0 rg BT 278.94 354.60 Td (with ) Tj ET Q q 0 0 0 rg BT 299.50 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.49 354.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 351.15 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.25 354.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 387.24 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.79 354.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 448.44 354.60 Td (T) Tj ET Q q 0 0 0 rg BT 454.20 354.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 480.86 354.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 504.19 354.60 Td (produces ) Tj ET Q q 0 0 0 rg BT 543.06 354.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.76 342.60 Td (reservoirs.��Our ) Tj ET Q q 0 0 0 rg BT 151.17 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 165.06 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.31 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.24 342.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 211.92 342.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 225.41 342.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 263.31 342.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 307.89 342.60 Td (at ) Tj ET Q q 0 0 0 rg BT 317.83 342.60 Td (T) Tj ET Q q 0 0 0 rg BT 323.58 342.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 350.40 342.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 373.89 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 395.69 342.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 415.29 342.60 Td (far ) Tj ET Q q 0 0 0 rg BT 429.32 342.60 Td (tar) Tj ET Q q 0 0 0 rg BT 439.68 342.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 464.27 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.20 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 487.84 342.60 Td (oodruf) Tj ET Q q 0 0 0 rg BT 514.32 342.60 Td (f ) Tj ET Q q 0 0 0 rg BT 520.58 342.60 Td (formation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (although ) Tj ET Q q 0 0 0 rg BT 86.99 330.60 Td (there ) Tj ET Q q 0 0 0 rg BT 109.48 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 118.65 330.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 161.14 330.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 198.63 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.90 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.62 330.60 Td (Perry ) Tj ET Q q 0 0 0 rg BT 247.78 330.60 Td (sandstone ) Tj ET Q q 0 0 0 rg BT 289.72 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.65 330.60 Td (other ) Tj ET Q q 0 0 0 rg BT 329.70 330.60 Td (smaller ) Tj ET Q q 0 0 0 rg BT 361.63 330.60 Td (reservoirs.��) Tj ET Q q 0 0 0 rg BT 408.38 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 417.02 330.60 Td (e ) Tj ET Q q 0 0 0 rg BT 423.96 330.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 474.76 330.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 506.14 330.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.19 330.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.30 318.60 Td (T) Tj ET Q q 0 0 0 rg BT 77.05 318.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 103.48 318.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 126.58 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 136.90 318.60 Td (2008 ) Tj ET Q q 0 0 0 rg BT 159.44 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.42 318.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 229.51 318.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 273.70 318.60 Td (development ) Tj ET Q q 0 0 0 rg BT 327.89 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 338.76 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.33 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 361.97 318.60 Td (oodruf) Tj ET Q q 0 0 0 rg BT 388.45 318.60 Td (f ) Tj ET Q q 0 0 0 rg BT 394.32 318.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 436.30 318.60 Td (during ) Tj ET Q q 0 0 0 rg BT 464.94 318.60 Td (2014.��During ) Tj ET Q q 0 0 0 rg BT 523.31 318.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.07 318.60 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.82 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 80.67 306.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.85 306.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.85 306.60 Td (, ) Tj ET Q q 0 0 0 rg BT 117.20 306.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 148.92 306.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 162.33 306.60 Td (production ) Tj ET Q q 0 0 0 rg BT 208.51 306.60 Td (from ) Tj ET Q q 0 0 0 rg BT 230.80 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.87 306.60 Td (field ) Tj ET Q q 0 0 0 rg BT 267.04 306.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.98 306.60 Td (4,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.48 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.33 306.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 362.80 306.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 405.08 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 415.71 306.60 Td (5,033 ) Tj ET Q q 0 0 0 rg BT 441.06 306.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 470.03 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 480.66 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.73 306.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 523.02 306.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.18 306.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 294.60 Td (. ) Tj ET Q q 0 0 0 rg BT 75.04 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.41 294.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 118.22 294.60 Td (production ) Tj ET Q q 0 0 0 rg BT 164.59 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 186.84 294.60 Td (T) Tj ET Q q 0 0 0 rg BT 192.60 294.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 219.53 294.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 243.12 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 252.83 294.60 Td (believed ) Tj ET Q q 0 0 0 rg BT 289.74 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.56 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 322.47 294.60 Td (peaked ) Tj ET Q q 0 0 0 rg BT 353.83 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 364.64 294.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 387.68 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.16 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 414.87 294.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 455.11 294.60 Td (on ) Tj ET Q q 0 0 0 rg BT 468.15 294.60 Td (decline, ) Tj ET Q q 0 0 0 rg BT 502.56 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 517.26 294.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.73 294.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 85.31 282.60 Td (future ) Tj ET Q q 0 0 0 rg BT 111.69 282.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 149.18 282.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 195.56 282.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 250.83 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 261.11 282.60 Td (this ) Tj ET Q q 0 0 0 rg BT 278.06 282.60 Td (field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 258.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.32 258.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.58 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.85 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 139.67 258.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 171.04 258.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 215.18 258.60 Td (at ) Tj ET Q q 0 0 0 rg BT 224.71 258.60 Td (T) Tj ET Q q 0 0 0 rg BT 230.46 258.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 256.84 258.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 282.39 258.60 Td (during ) Tj ET Q q 0 0 0 rg BT 310.99 258.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 333.48 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.41 258.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 375.40 258.60 Td (we ) Tj ET Q q 0 0 0 rg BT 389.55 258.60 Td (conducted ) Tj ET Q q 0 0 0 rg BT 433.13 258.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 483.39 258.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 515.32 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.59 258.60 Td (other ) Tj ET Q q 0 0 0 rg BT 548.63 258.60 Td (oil-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (bearing ) Tj ET Q q 0 0 0 rg BT 81.09 246.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 126.02 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 135.41 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.23 246.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 171.66 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.70 246.60 Td (we ) Tj ET Q q 0 0 0 rg BT 200.97 246.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 237.01 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 246.39 246.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 281.31 246.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 330.68 246.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 385.06 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 394.44 246.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 436.04 246.60 Td (horizons ) Tj ET Q q 0 0 0 rg BT 472.08 246.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 517.01 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 530.84 246.60 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 233.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.14 234.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 91.64 234.60 Td (flood.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.95 210.60 Td (est ) Tj ET Q q 0 0 0 rg BT 90.87 210.60 Td (Y) Tj ET Q q 0 0 0 rg BT 96.98 210.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 121.85 210.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 133.33 210.60 Td (eek ) Tj ET Q q 0 0 0 rg BT 150.41 210.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.58 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.23 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.69 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 188.33 210.60 Td (e ) Tj ET Q q 0 0 0 rg BT 195.41 210.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 232.49 210.60 Td (an ) Tj ET Q q 0 0 0 rg BT 244.58 210.60 Td (approximate ) Tj ET Q q 0 0 0 rg BT 297.21 210.60 Td (48% ) Tj ET Q q 0 0 0 rg BT 318.19 210.60 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 373.59 210.60 Td (working ) Tj ET Q q 0 0 0 rg BT 409.57 210.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 441.66 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 451.89 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 460.53 210.60 Td (est ) Tj ET Q q 0 0 0 rg BT 473.90 210.60 Td (Y) Tj ET Q q 0 0 0 rg BT 480.12 210.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 504.99 210.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 531.51 210.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 554.72 210.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 97.20 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.12 198.60 Td (March ) Tj ET Q q 0 0 0 rg BT 135.35 198.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 157.48 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 171.27 198.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 231.16 198.60 Td ($16 ) Tj ET Q q 0 0 0 rg BT 248.30 198.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 281.82 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 288.39 198.60 Td (field ) Tj ET Q q 0 0 0 rg BT 308.85 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.76 198.60 Td (which ) Tj ET Q q 0 0 0 rg BT 345.33 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.68 198.60 Td (operator ) Tj ET Q q 0 0 0 rg BT 395.13 198.60 Td (had ) Tj ET Q q 0 0 0 rg BT 411.70 198.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 456.05 198.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 491.51 198.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 535.85 198.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (converting ) Tj ET Q q 0 0 0 rg BT 95.02 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.99 186.60 Td (field ) Tj ET Q q 0 0 0 rg BT 131.07 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.61 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.80 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 162.69 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.94 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 168.70 186.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 191.45 186.60 Td (flood. ) Tj ET Q q 0 0 0 rg BT 217.81 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 220.57 186.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 248.32 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 264.40 186.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 317.13 186.60 Td (with ) Tj ET Q q 0 0 0 rg BT 337.66 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.63 186.60 Td (operator) Tj ET Q q 0 0 0 rg BT 385.55 186.60 Td (, ) Tj ET Q q 0 0 0 rg BT 390.80 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 405.22 186.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 434.64 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 448.54 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.79 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 454.54 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.07 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 480.05 186.60 Td (field ) Tj ET Q q 0 0 0 rg BT 501.13 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 515.54 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 522.74 186.60 Td (fee. ) Tj ET Q q 0 0 0 rg BT 540.20 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 542.76 186.60 Td (W) Tj ET Q q 0 0 0 rg BT 551.39 186.60 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (Y) Tj ET Q q 0 0 0 rg BT 55.72 174.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 81.22 174.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 108.38 174.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 132.21 174.60 Td (is ) Tj ET Q q 0 0 0 rg BT 142.16 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 153.22 174.60 Td (close ) Tj ET Q q 0 0 0 rg BT 177.05 174.60 Td (proximity ) Tj ET Q q 0 0 0 rg BT 219.77 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.49 174.60 Td (analogous ) Tj ET Q q 0 0 0 rg BT 281.32 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 292.38 174.60 Td (Eucutta ) Tj ET Q q 0 0 0 rg BT 326.20 174.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 352.54 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 360.25 174.60 Td (very ) Tj ET Q q 0 0 0 rg BT 381.30 174.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 425.68 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 439.57 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.82 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.10 174.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 470.49 174.60 Td (that ) Tj ET Q q 0 0 0 rg BT 488.77 174.60 Td (we ) Tj ET Q q 0 0 0 rg BT 503.71 174.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 548.08 174.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 85.82 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.48 162.60 Td (operate. ) Tj ET Q q 0 0 0 rg BT 129.29 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.04 162.60 Td (W) Tj ET Q q 0 0 0 rg BT 139.68 162.60 Td (e ) Tj ET Q q 0 0 0 rg BT 146.01 162.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 177.33 162.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 202.55 162.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 232.20 162.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 262.96 162.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 275.40 162.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 310.05 162.60 Td (at ) Tj ET Q q 0 0 0 rg BT 319.01 162.60 Td (W) Tj ET Q q 0 0 0 rg BT 327.65 162.60 Td (est ) Tj ET Q q 0 0 0 rg BT 340.37 162.60 Td (Y) Tj ET Q q 0 0 0 rg BT 346.59 162.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 370.69 162.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 396.45 162.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 418.90 162.60 Td (as ) Tj ET Q q 0 0 0 rg BT 429.11 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.33 162.60 Td (year) Tj ET Q q 0 0 0 rg BT 456.34 162.60 Td (-end ) Tj ET Q q 0 0 0 rg BT 475.99 162.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 497.88 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.20 162.60 Td (commenced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 81.20 150.60 Td (production ) Tj ET Q q 0 0 0 rg BT 127.34 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 137.95 150.60 Td (early ) Tj ET Q q 0 0 0 rg BT 160.76 150.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 186.08 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 188.90 150.60 Td (During ) Tj ET Q q 0 0 0 rg BT 220.06 150.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.10 150.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 262.36 150.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.68 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 293.50 150.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 150.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 329.98 150.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 361.67 150.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 375.05 150.60 Td (production ) Tj ET Q q 0 0 0 rg BT 421.20 150.60 Td (from ) Tj ET Q q 0 0 0 rg BT 443.46 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.50 150.60 Td (field ) Tj ET Q q 0 0 0 rg BT 479.65 150.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.56 150.60 Td (807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.56 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 536.38 150.60 Td (Bbls/d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 90.91 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.67 138.60 Td (375 ) Tj ET Q q 0 0 0 rg BT 117.66 138.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 145.77 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 155.53 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.73 138.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 196.16 138.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 226.46 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.78 138.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 261.26 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.25 138.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 319.11 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.42 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.63 138.60 Td (field ) Tj ET Q q 0 0 0 rg BT 363.94 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 372.59 138.60 Td (ongoing, ) Tj ET Q q 0 0 0 rg BT 409.86 138.60 Td (with ) Tj ET Q q 0 0 0 rg BT 429.62 138.60 Td (future ) Tj ET Q q 0 0 0 rg BT 455.49 138.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 478.58 138.60 Td (for ) Tj ET Q q 0 0 0 rg BT 492.23 138.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 533.65 138.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.48 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.20 126.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 155.03 126.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 196.96 126.60 Td (within ) Tj ET Q q 0 0 0 rg BT 225.02 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.73 126.60 Td (field.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 102.60 Td (Matur) Tj ET Q q 0 0 0 rg BT 95.09 102.60 Td (e ) Tj ET Q q 0 0 0 rg BT 101.51 102.60 Td (pr) Tj ET Q q 0 0 0 rg BT 111.33 102.60 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.70 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.68 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.66 102.60 Td (Mature ) Tj ET Q q 0 0 0 rg BT 182.52 102.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 224.48 102.60 Td (include ) Tj ET Q q 0 0 0 rg BT 255.90 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 271.21 102.60 Td (longest-producing ) Tj ET Q q 0 0 0 rg BT 345.95 102.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 387.92 102.60 Td (which ) Tj ET Q q 0 0 0 rg BT 414.34 102.60 Td (are ) Tj ET Q q 0 0 0 rg BT 428.52 102.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 467.71 102.60 Td (located ) Tj ET Q q 0 0 0 rg BT 498.56 102.60 Td (along ) Tj ET Q q 0 0 0 rg BT 522.75 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 538.06 102.60 Td (NEJD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.73 90.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 105.03 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 115.89 90.60 Td (southwest ) Tj ET Q q 0 0 0 rg BT 158.98 90.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 207.64 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 225.17 90.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 267.69 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.21 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.63 90.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 322.49 90.60 Td (State ) Tj ET Q q 0 0 0 rg BT 345.57 90.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 381.43 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 392.29 90.60 Td (east ) Tj ET Q q 0 0 0 rg BT 410.93 90.60 Td (Mississippi.��) Tj ET Q q 0 0 0 rg BT 463.82 90.60 Td (This ) Tj ET Q q 0 0 0 rg BT 484.69 90.60 Td (group ) Tj ET Q q 0 0 0 rg BT 511.10 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 522.52 90.60 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 84.93 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 100.36 78.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 125.79 78.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 139.68 77.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.93 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.03 78.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 167.96 78.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 191.72 78.60 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 220.20 78.60 Td (as ) Tj ET Q q 0 0 0 rg BT 230.64 78.60 Td (well ) Tj ET Q q 0 0 0 rg BT 249.95 78.60 Td (as ) Tj ET Q q 0 0 0 rg BT 260.39 78.60 Td (several ) Tj ET Q q 0 0 0 rg BT 290.80 78.60 Td (other ) Tj ET Q q 0 0 0 rg BT 313.45 78.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 337.77 78.60 Td (\(Brookhaven, ) Tj ET Q q 0 0 0 rg BT 394.58 78.60 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 436.95 78.60 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 472.09 78.60 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 515.01 78.60 Td (Martinville, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (McComb ) Tj ET Q q 0 0 0 rg BT 89.63 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 106.43 66.60 Td (Soso ) Tj ET Q q 0 0 0 rg BT 128.24 66.60 Td (fields\).��) Tj ET Q q 0 0 0 rg BT 161.10 66.60 Td (These ) Tj ET Q q 0 0 0 rg BT 187.34 66.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 211.91 66.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 254.80 66.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.81 66.60 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.14 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 289.50 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.19 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 315.87 66.60 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 66.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 358.36 66.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 372.25 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 377.85 66.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 400.21 66.60 Td (production ) Tj ET Q q 0 0 0 rg BT 445.89 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.69 66.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 66.60 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.13 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 538.49 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 66.60 Td (our ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (year) Tj ET Q q 0 0 0 rg BT 66.51 726.60 Td (-end ) Tj ET Q q 0 0 0 rg BT 86.59 726.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 116.67 726.60 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 156.75 726.60 Td (These ) Tj ET Q q 0 0 0 rg BT 182.94 726.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 207.47 726.60 Td (have ) Tj ET Q q 0 0 0 rg BT 228.66 726.60 Td (been ) Tj ET Q q 0 0 0 rg BT 249.85 726.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 292.71 726.60 Td (under ) Tj ET Q q 0 0 0 rg BT 317.79 726.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 331.68 725.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.93 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 337.25 726.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 360.67 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 374.64 726.60 Td (many ) Tj ET Q q 0 0 0 rg BT 399.17 726.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 425.09 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 435.18 726.60 Td (many ) Tj ET Q q 0 0 0 rg BT 459.71 726.60 Td (cases ) Tj ET Q q 0 0 0 rg BT 483.12 726.60 Td (more ) Tj ET Q q 0 0 0 rg BT 505.98 726.60 Td (than ) Tj ET Q q 0 0 0 rg BT 525.51 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 532.26 726.60 Td (decade, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.69 714.60 Td (their ) Tj ET Q q 0 0 0 rg BT 85.77 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 130.85 714.60 Td (is ) Tj ET Q q 0 0 0 rg BT 139.27 714.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 178.23 714.60 Td (declining, ) Tj ET Q q 0 0 0 rg BT 219.69 714.60 Td (though ) Tj ET Q q 0 0 0 rg BT 249.22 714.60 Td (we ) Tj ET Q q 0 0 0 rg BT 262.63 714.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 298.82 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 308.35 714.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 343.42 714.60 Td (future ) Tj ET Q q 0 0 0 rg BT 369.05 714.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 405.79 714.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 451.42 714.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 505.95 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 515.48 714.60 Td (these ) Tj ET Q q 0 0 0 rg BT 537.78 714.60 Td (fields.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Futur) Tj ET Q q 0 0 0 rg BT 71.91 690.60 Td (e ) Tj ET Q q 0 0 0 rg BT 78.85 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 83.49 690.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 113.21 690.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 122.83 690.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 157.55 690.60 Td (with ) Tj ET Q q 0 0 0 rg BT 177.28 690.60 Td (No ) Tj ET Q q 0 0 0 rg BT 191.45 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 196.09 690.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 225.81 690.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 235.44 690.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 272.93 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 284.32 690.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 293.95 690.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 315.33 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 319.97 690.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 349.69 690.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 387.73 690.60 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 398.01 690.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 456.59 690.60 Td (2019) Tj ET Q BT /F5 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 104.90 666.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 125.07 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 135.62 666.60 Td (W) Tj ET Q q 0 0 0 rg BT 145.07 666.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 175.80 666.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 197.28 666.60 Td (ests ) Tj ET Q q 0 0 0 rg BT 215.22 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 225.95 666.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 260.94 666.60 Td (T) Tj ET Q q 0 0 0 rg BT 266.69 666.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 287.42 666.60 Td (Fields) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.97 666.60 Td (. ) Tj ET Q q 0 0 0 rg BT 317.86 666.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.25 666.60 Td (In ) Tj ET Q q 0 0 0 rg BT 330.98 666.60 Td (December ) Tj ET Q q 0 0 0 rg BT 374.45 666.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 399.34 666.60 Td (we ) Tj ET Q q 0 0 0 rg BT 413.40 666.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 445.21 666.60 Td (into ) Tj ET Q q 0 0 0 rg BT 463.16 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 469.99 666.60 Td (definitive ) Tj ET Q q 0 0 0 rg BT 510.70 666.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 554.73 666.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 66.67 654.60 Td (half ) Tj ET Q q 0 0 0 rg BT 85.50 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 97.11 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 113.73 654.60 Td (nearly ) Tj ET Q q 0 0 0 rg BT 142.00 654.60 Td (100% ) Tj ET Q q 0 0 0 rg BT 168.61 654.60 Td (working ) Tj ET Q q 0 0 0 rg BT 205.23 654.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 237.94 654.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 277.34 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 288.41 654.60 Td (four ) Tj ET Q q 0 0 0 rg BT 308.35 654.60 Td (conventional ) Tj ET Q q 0 0 0 rg BT 363.28 654.60 Td (southeast ) Tj ET Q q 0 0 0 rg BT 403.55 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 408.96 654.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 430.01 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 443.85 654.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 469.35 654.60 Td (\(consisting ) Tj ET Q q 0 0 0 rg BT 516.52 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 527.90 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 536.54 654.60 Td (ebster) Tj ET Q q 0 0 0 rg BT 560.01 654.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (Thompson, ) Tj ET Q q 0 0 0 rg BT 97.17 642.60 Td (Manvel ) Tj ET Q q 0 0 0 rg BT 130.11 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.93 642.60 Td (East ) Tj ET Q q 0 0 0 rg BT 166.54 642.60 Td (Hastings\) ) Tj ET Q q 0 0 0 rg BT 207.26 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 221.31 642.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 238.70 642.60 Td (million ) Tj ET Q q 0 0 0 rg BT 269.98 642.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.14 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.97 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 313.80 642.60 Td (carried ) Tj ET Q q 0 0 0 rg BT 343.94 642.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 375.77 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 385.94 642.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 400.54 642.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 424.04 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 434.21 642.60 Td (be ) Tj ET Q q 0 0 0 rg BT 446.04 642.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 474.53 642.60 Td (by ) Tj ET Q q 0 0 0 rg BT 486.92 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.53 642.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 539.84 642.60 Td (. ) Tj ET Q q 0 0 0 rg BT 544.73 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 642.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 67.24 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 76.10 630.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 114.38 630.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 152.10 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 162.07 630.60 Td (occur ) Tj ET Q q 0 0 0 rg BT 186.47 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 196.44 630.60 Td (early ) Tj ET Q q 0 0 0 rg BT 218.61 630.60 Td (March ) Tj ET Q q 0 0 0 rg BT 246.90 630.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 271.59 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.78 630.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 300.96 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.37 630.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 361.70 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.10 630.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 417.16 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 426.02 630.60 Td (committed ) Tj ET Q q 0 0 0 rg BT 470.98 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.95 630.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 514.25 630.60 Td (100% ) Tj ET Q q 0 0 0 rg BT 539.77 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 630.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.12 618.60 Td (required ) Tj ET Q q 0 0 0 rg BT 113.41 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.16 618.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 141.80 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.21 618.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 196.83 618.60 Td (an ) Tj ET Q q 0 0 0 rg BT 208.24 618.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 233.54 618.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 247.73 618.60 Td (horizontal ) Tj ET Q q 0 0 0 rg BT 290.24 618.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 313.32 618.60 Td (across ) Tj ET Q q 0 0 0 rg BT 340.28 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.47 618.60 Td (fields, ) Tj ET Q q 0 0 0 rg BT 381.16 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 400.91 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.10 618.60 Td (first ) Tj ET Q q 0 0 0 rg BT 433.18 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 443.48 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.67 618.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 471.86 618.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 494.94 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.69 618.60 Td (be ) Tj ET Q q 0 0 0 rg BT 516.10 618.60 Td (spud ) Tj ET Q q 0 0 0 rg BT 536.96 618.60 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (six ) Tj ET Q q 0 0 0 rg BT 63.72 606.60 Td (months ) Tj ET Q q 0 0 0 rg BT 95.72 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.60 606.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 138.04 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.02 606.60 Td (with ) Tj ET Q q 0 0 0 rg BT 175.35 606.60 Td (all ) Tj ET Q q 0 0 0 rg BT 187.90 606.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 202.67 606.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 226.32 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.65 606.60 Td (be ) Tj ET Q q 0 0 0 rg BT 248.64 606.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 292.84 606.60 Td (within ) Tj ET Q q 0 0 0 rg BT 320.95 606.60 Td (18 ) Tj ET Q q 0 0 0 rg BT 333.50 606.60 Td (months ) Tj ET Q q 0 0 0 rg BT 365.50 606.60 Td (after ) Tj ET Q q 0 0 0 rg BT 386.36 606.60 Td (closing. ) Tj ET Q q 0 0 0 rg BT 420.30 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 422.85 606.60 Td (On ) Tj ET Q q 0 0 0 rg BT 437.62 606.60 Td (these ) Tj ET Q q 0 0 0 rg BT 460.72 606.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 486.60 606.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 501.37 606.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 527.53 606.60 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (will ) Tj ET Q q 0 0 0 rg BT 67.81 594.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 99.43 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 106.63 594.60 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 135.21 594.60 Td (overriding ) Tj ET Q q 0 0 0 rg BT 179.62 594.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 210.71 594.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 242.90 594.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 265.09 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.63 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 290.60 594.60 Td (combined ) Tj ET Q q 0 0 0 rg BT 332.79 594.60 Td (payout ) Tj ET Q q 0 0 0 rg BT 362.76 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.85 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.82 594.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 412.69 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 423.22 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 430.42 594.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 469.27 594.60 Td (field ) Tj ET Q q 0 0 0 rg BT 490.35 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 507.54 594.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 554.74 594.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (payout, ) Tj ET Q q 0 0 0 rg BT 82.01 582.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 119.80 582.60 Td (will ) Tj ET Q q 0 0 0 rg BT 138.16 582.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 169.82 582.60 Td (production ) Tj ET Q q 0 0 0 rg BT 215.94 582.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 254.28 582.60 Td (from, ) Tj ET Q q 0 0 0 rg BT 279.01 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.25 582.60 Td (bear ) Tj ET Q q 0 0 0 rg BT 316.25 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.27 582.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 350.17 582.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 363.80 582.60 Td (its ) Tj ET Q q 0 0 0 rg BT 376.05 582.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 397.18 582.60 Td (working ) Tj ET Q q 0 0 0 rg BT 433.30 582.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 465.54 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 476.11 582.60 Td (each ) Tj ET Q q 0 0 0 rg BT 497.22 582.60 Td (well. ) Tj ET Q q 0 0 0 rg BT 519.74 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 521.92 582.60 Td (As ) Tj ET Q q 0 0 0 rg BT 535.83 582.60 Td (part ) Tj ET Q q 0 0 0 rg BT 554.18 582.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 65.10 570.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 112.62 570.60 Td (we ) Tj ET Q q 0 0 0 rg BT 127.66 570.60 Td (will ) Tj ET Q q 0 0 0 rg BT 146.60 570.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 172.74 570.60 Td (100% ) Tj ET Q q 0 0 0 rg BT 199.46 570.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 244.50 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.21 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.81 570.60 Td (future ) Tj ET Q q 0 0 0 rg BT 298.82 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 307.46 570.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 334.72 570.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 355.88 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 369.77 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.02 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 376.40 570.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 403.39 570.60 Td (wherein ) Tj ET Q q 0 0 0 rg BT 438.98 570.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 454.02 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.62 570.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 511.87 570.60 Td (may ) Tj ET Q q 0 0 0 rg BT 532.46 570.60 Td (elect ) Tj ET Q q 0 0 0 rg BT 554.72 570.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (participate ) Tj ET Q q 0 0 0 rg BT 94.39 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.86 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 119.76 558.60 Td (future ) Tj ET Q q 0 0 0 rg BT 146.33 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 160.22 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.47 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.16 558.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 189.96 558.60 Td (through ) Tj ET Q q 0 0 0 rg BT 223.76 558.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 286.43 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 296.90 558.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 334.58 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.60 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.51 558.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 399.75 558.60 Td (�) Tj ET Q q 0 0 0 rg BT 402.52 558.60 Td (s ) Tj ET Q q 0 0 0 rg BT 409.11 558.60 Td (working ) Tj ET Q q 0 0 0 rg BT 445.13 558.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 477.25 558.60 Td (share ) Tj ET Q q 0 0 0 rg BT 501.04 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.06 558.60 Td (project ) Tj ET Q q 0 0 0 rg BT 542.52 558.60 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.60 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.16 546.60 Td (date, ) Tj ET Q q 0 0 0 rg BT 118.10 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 129.21 546.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 143.66 546.60 Td (if ) Tj ET Q q 0 0 0 rg BT 152.55 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.55 546.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 209.20 546.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 244.74 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.31 546.60 Td (participate ) Tj ET Q q 0 0 0 rg BT 300.29 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 310.85 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.85 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 339.74 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.99 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 345.77 546.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 372.16 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 386.61 546.60 Td (have ) Tj ET Q q 0 0 0 rg BT 408.27 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.27 546.60 Td (right ) Tj ET Q q 0 0 0 rg BT 444.94 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.50 546.60 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 501.59 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.59 546.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 555.83 546.60 Td (�) Tj ET Q q 0 0 0 rg BT 558.60 546.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (working ) Tj ET Q q 0 0 0 rg BT 85.33 534.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.26 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.36 534.60 Td (W) Tj ET Q q 0 0 0 rg BT 136.00 534.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 162.38 534.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 185.43 534.60 Td (under ) Tj ET Q q 0 0 0 rg BT 210.70 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 217.64 534.60 Td (contractually ) Tj ET Q q 0 0 0 rg BT 272.34 534.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 301.48 534.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 341.19 534.60 Td (mechanism.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.95 510.60 Td (ebster) Tj ET Q q 0 0 0 rg BT 102.87 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 105.27 510.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 131.83 510.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.24 510.60 Td (W) Tj ET Q q 0 0 0 rg BT 142.87 510.60 Td (e ) Tj ET Q q 0 0 0 rg BT 149.71 510.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 186.54 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.27 510.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.10 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 244.11 510.60 Td (W) Tj ET Q q 0 0 0 rg BT 252.75 510.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 279.03 510.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 301.98 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 312.16 510.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 334.57 510.60 Td (as ) Tj ET Q q 0 0 0 rg BT 345.30 510.60 Td (part ) Tj ET Q q 0 0 0 rg BT 363.25 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.98 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.59 510.60 Td (Bakken ) Tj ET Q q 0 0 0 rg BT 421.54 510.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 463.19 510.60 Td (T) Tj ET Q q 0 0 0 rg BT 468.95 510.60 Td (ransaction. ) Tj ET Q q 0 0 0 rg BT 514.95 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 517.17 510.60 Td (The ) Tj ET Q q 0 0 0 rg BT 535.12 510.60 Td (field ) Tj ET Q q 0 0 0 rg BT 555.85 510.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (located ) Tj ET Q q 0 0 0 rg BT 81.03 498.60 Td (southeast ) Tj ET Q q 0 0 0 rg BT 120.90 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.88 498.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 170.74 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 176.15 498.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 199.07 498.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 259.49 498.60 Td (eight ) Tj ET Q q 0 0 0 rg BT 282.14 498.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 306.46 498.60 Td (northeast ) Tj ET Q q 0 0 0 rg BT 345.77 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 356.75 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.74 498.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 410.40 498.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 433.61 498.60 Td (which ) Tj ET Q q 0 0 0 rg BT 460.70 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 475.02 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 489.88 498.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 528.63 498.60 Td (flooding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.81 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 83.71 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.96 486.60 Td (. ) Tj ET Q q 0 0 0 rg BT 91.99 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 93.97 486.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 486.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 165.12 486.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.12 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 189.97 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 198.61 486.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 225.02 486.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 248.12 486.60 Td (had ) Tj ET Q q 0 0 0 rg BT 265.09 486.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 305.95 486.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 336.25 486.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 385.99 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 421.28 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.15 486.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 492.44 486.60 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 507.48 486.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 550.30 486.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.13 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.32 474.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 111.11 474.60 Td (all ) Tj ET Q q 0 0 0 rg BT 123.96 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 135.14 474.60 Td (which ) Tj ET Q q 0 0 0 rg BT 162.44 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 177.50 474.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 208.13 474.60 Td (developed.��During ) Tj ET Q q 0 0 0 rg BT 287.90 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.98 474.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 330.27 474.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 361.44 474.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.63 474.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.63 474.60 Td (, ) Tj ET Q q 0 0 0 rg BT 397.98 474.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 448.04 474.60 Td (production ) Tj ET Q q 0 0 0 rg BT 494.22 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 504.09 474.60 Td (W) Tj ET Q q 0 0 0 rg BT 512.72 474.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 539.46 474.60 Td (Field, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (including ) Tj ET Q q 0 0 0 rg BT 89.76 462.60 Td (production ) Tj ET Q q 0 0 0 rg BT 135.58 462.60 Td (related ) Tj ET Q q 0 0 0 rg BT 165.27 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.54 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.25 462.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 225.52 462.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 246.34 462.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 271.42 462.60 Td (W) Tj ET Q q 0 0 0 rg BT 280.06 462.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 308.66 462.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 345.03 462.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 364.73 462.60 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 383.32 462.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 419.14 462.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 438.85 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.11 462.60 Td (W) Tj ET Q q 0 0 0 rg BT 456.53 462.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 485.13 462.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 504.19 462.60 Td (ests ) Tj ET Q q 0 0 0 rg BT 521.68 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 531.95 462.60 Td (Certain ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 450.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 74.52 450.60 Td (Fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.52 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.13 450.60 Td (above) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 126.00 450.60 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 450.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 173.14 450.60 Td (923 ) Tj ET Q q 0 0 0 rg BT 190.75 450.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 223.64 450.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 265.67 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 276.06 450.60 Td (841 ) Tj ET Q q 0 0 0 rg BT 293.67 450.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 324.06 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 334.44 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.27 450.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 376.32 450.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 407.24 450.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.18 450.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.18 450.60 Td (.��) Tj ET Q q 0 0 0 rg BT 445.50 450.60 Td (W) Tj ET Q q 0 0 0 rg BT 454.14 450.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 480.63 450.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 503.79 450.60 Td (is ) Tj ET Q q 0 0 0 rg BT 513.07 450.60 Td (geologically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 79.93 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.36 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 106.35 438.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 144.01 438.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 169.72 438.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 212.92 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.14 438.60 Td (from ) Tj ET Q q 0 0 0 rg BT 248.23 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.10 438.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 282.43 438.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 303.96 438.60 Td (at ) Tj ET Q q 0 0 0 rg BT 313.84 438.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 344.27 438.60 Td (depths; ) Tj ET Q q 0 0 0 rg BT 375.81 438.60 Td (as ) Tj ET Q q 0 0 0 rg BT 386.79 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 393.89 438.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 421.26 438.60 Td (we ) Tj ET Q q 0 0 0 rg BT 435.58 438.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 467.11 438.60 Td (it ) Tj ET Q q 0 0 0 rg BT 475.32 438.60 Td (is ) Tj ET Q q 0 0 0 rg BT 484.65 438.60 Td (well ) Tj ET Q q 0 0 0 rg BT 504.52 438.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 531.06 438.60 Td (for ) Tj ET Q q 0 0 0 rg BT 545.38 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.27 437.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (EOR. ) Tj ET Q q 0 0 0 rg BT 74.78 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.56 426.60 Td (In ) Tj ET Q q 0 0 0 rg BT 88.67 426.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 113.94 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 128.38 426.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 172.81 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 180.03 426.60 Td (nine-mile ) Tj ET Q q 0 0 0 rg BT 221.13 426.60 Td (lateral ) Tj ET Q q 0 0 0 rg BT 248.88 426.60 Td (between ) Tj ET Q q 0 0 0 rg BT 284.98 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.97 426.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 327.18 426.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 362.73 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 379.75 426.60 Td (W) Tj ET Q q 0 0 0 rg BT 388.39 426.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 415.04 426.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 440.88 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 468.09 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 482.53 426.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 502.53 426.60 Td (will ) Tj ET Q q 0 0 0 rg BT 520.86 426.60 Td (eventually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 80.49 414.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 94.38 413.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.63 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 100.85 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.86 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.30 414.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 151.35 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 154.34 414.60 Td (The ) Tj ET Q q 0 0 0 rg BT 173.11 414.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 202.45 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.01 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.45 414.60 Td (development ) Tj ET Q q 0 0 0 rg BT 284.33 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.88 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 303.54 414.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 317.44 413.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.69 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 323.91 414.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 348.24 414.60 Td (at ) Tj ET Q q 0 0 0 rg BT 358.45 414.60 Td (W) Tj ET Q q 0 0 0 rg BT 367.09 414.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 394.19 414.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 417.97 414.60 Td (is ) Tj ET Q q 0 0 0 rg BT 427.87 414.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 468.31 414.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 512.63 414.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 535.85 414.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 96.99 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 113.92 402.60 Td (priorities ) Tj ET Q q 0 0 0 rg BT 152.53 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 169.47 402.60 Td (future ) Tj ET Q q 0 0 0 rg BT 195.84 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 208.90 402.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (Conr) Tj ET Q q 0 0 0 rg BT 89.54 378.60 Td (oe ) Tj ET Q q 0 0 0 rg BT 100.26 378.60 Td (Field.��) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.43 378.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 160.15 378.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 184.49 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 199.10 378.60 Td (lar) Tj ET Q q 0 0 0 rg BT 209.47 378.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 226.86 378.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 263.13 378.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 293.29 378.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 315.68 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.74 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.24 378.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 357.86 378.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 381.92 378.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 411.25 378.60 Td (is ) Tj ET Q q 0 0 0 rg BT 419.20 378.60 Td (located ) Tj ET Q q 0 0 0 rg BT 449.36 378.60 Td (north ) Tj ET Q q 0 0 0 rg BT 471.75 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.36 378.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 518.94 378.60 Td (T) Tj ET Q q 0 0 0 rg BT 524.35 378.60 Td (exas.��) Tj ET Q q 0 0 0 rg BT 549.44 378.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 378.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.53 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 93.58 366.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 130.07 366.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 162.11 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.49 366.60 Td (this ) Tj ET Q q 0 0 0 rg BT 189.55 366.60 Td (field ) Tj ET Q q 0 0 0 rg BT 210.48 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.87 366.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 243.47 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 257.74 366.60 Td ($271 ) Tj ET Q q 0 0 0 rg BT 280.35 366.60 Td (million ) Tj ET Q q 0 0 0 rg BT 311.85 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.23 366.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.61 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.66 366.60 Td (1) Tj ET Q q 0 0 0 rg BT 364.29 366.60 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 379.39 366.60 Td (million ) Tj ET Q q 0 0 0 rg BT 410.89 366.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.49 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.43 366.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 487.02 366.60 Td (common ) Tj ET Q q 0 0 0 rg BT 524.63 366.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 550.84 366.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 56.36 354.60 Td (total ) Tj ET Q q 0 0 0 rg BT 76.55 354.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 117.83 354.60 Td (value ) Tj ET Q q 0 0 0 rg BT 141.90 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.65 354.60 Td ($439 ) Tj ET Q q 0 0 0 rg BT 175.07 354.60 Td (million.��Conroe ) Tj ET Q q 0 0 0 rg BT 243.32 354.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 266.29 354.60 Td (had ) Tj ET Q q 0 0 0 rg BT 283.15 354.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 323.89 354.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 354.08 354.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 403.70 354.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 438.87 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.62 354.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 509.80 354.60 Td (9.5 ) Tj ET Q q 0 0 0 rg BT 524.72 354.60 Td (MMBOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.01 342.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 119.39 342.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.39 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 145.18 342.60 Td (net ) Tj ET Q q 0 0 0 rg BT 160.69 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.76 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 188.39 342.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 223.61 342.60 Td (all ) Tj ET Q q 0 0 0 rg BT 236.90 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.53 342.60 Td (which ) Tj ET Q q 0 0 0 rg BT 276.26 342.60 Td (are ) Tj ET Q q 0 0 0 rg BT 291.76 342.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 322.82 342.60 Td (developed.��During ) Tj ET Q q 0 0 0 rg BT 403.04 342.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.55 342.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 446.28 342.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.60 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 477.89 342.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.51 342.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.51 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 515.31 342.60 Td (non-tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 330.60 Td (at ) Tj ET Q q 0 0 0 rg BT 105.04 330.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 136.98 330.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 160.04 330.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 198.62 330.60 Td (1,861 ) Tj ET Q q 0 0 0 rg BT 223.62 330.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 256.40 330.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 298.32 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 308.60 330.60 Td (1,970 ) Tj ET Q q 0 0 0 rg BT 333.60 330.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 363.88 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 374.16 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.88 330.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 415.81 330.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 446.63 330.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.46 330.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.46 330.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 306.60 Td (o ) Tj ET Q q 0 0 0 rg BT 79.87 306.60 Td (initiate ) Tj ET Q q 0 0 0 rg BT 109.60 306.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.00 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 129.89 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.14 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.10 306.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 158.17 306.60 Td (at ) Tj ET Q q 0 0 0 rg BT 167.35 306.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 198.75 306.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 223.76 306.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.16 306.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 264.33 306.60 Td (must ) Tj ET Q q 0 0 0 rg BT 285.74 306.60 Td (be ) Tj ET Q q 0 0 0 rg BT 297.14 306.60 Td (constructed ) Tj ET Q q 0 0 0 rg BT 345.20 306.60 Td (so ) Tj ET Q q 0 0 0 rg BT 356.05 306.60 Td (that ) Tj ET Q q 0 0 0 rg BT 373.00 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 386.89 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.14 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 392.10 306.60 Td (can ) Tj ET Q q 0 0 0 rg BT 407.94 306.60 Td (be ) Tj ET Q q 0 0 0 rg BT 419.34 306.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 458.50 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.24 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.42 306.60 Td (field.��) Tj ET Q q 0 0 0 rg BT 508.06 306.60 Td (This ) Tj ET Q q 0 0 0 rg BT 527.80 306.60 Td (pipeline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.80 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.33 294.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 120.85 294.60 Td (as ) Tj ET Q q 0 0 0 rg BT 132.04 294.60 Td (an ) Tj ET Q q 0 0 0 rg BT 144.34 294.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 185.53 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.72 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.91 294.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 240.20 294.60 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 278.33 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 287.86 294.60 Td (preliminarily ) Tj ET Q q 0 0 0 rg BT 342.93 294.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.11 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 394.75 294.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 419.82 294.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 480.44 294.60 Td (90 ) Tj ET Q q 0 0 0 rg BT 493.30 294.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 517.83 294.60 Td (at ) Tj ET Q q 0 0 0 rg BT 527.91 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 535.21 294.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 554.18 294.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.56 282.60 Td ($220 ) Tj ET Q q 0 0 0 rg BT 131.86 282.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 165.55 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.85 282.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 185.70 282.60 Td (current ) Tj ET Q q 0 0 0 rg BT 216.32 282.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 235.83 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 249.79 282.60 Td (initiating ) Tj ET Q q 0 0 0 rg BT 288.20 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 294.94 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.83 281.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.08 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.38 282.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 337.79 282.60 Td (at ) Tj ET Q q 0 0 0 rg BT 347.31 282.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 379.04 282.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 401.90 282.60 Td (is ) Tj ET Q q 0 0 0 rg BT 410.87 282.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 453.15 282.60 Td (several ) Tj ET Q q 0 0 0 rg BT 483.77 282.60 Td (years ) Tj ET Q q 0 0 0 rg BT 507.17 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 528.91 282.60 Td (now) Tj ET Q q 0 0 0 rg BT 545.48 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 282.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.11 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 88.94 270.60 Td (which ) Tj ET Q q 0 0 0 rg BT 115.88 270.60 Td (may ) Tj ET Q q 0 0 0 rg BT 135.60 270.60 Td (change ) Tj ET Q q 0 0 0 rg BT 166.41 270.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 210.57 270.60 Td (on ) Tj ET Q q 0 0 0 rg BT 223.07 270.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 252.22 270.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 299.71 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.64 270.60 Td (priorities, ) Tj ET Q q 0 0 0 rg BT 357.75 270.60 Td (future ) Tj ET Q q 0 0 0 rg BT 384.12 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 397.18 270.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 423.56 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.50 270.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 475.21 270.60 Td (construction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.04 246.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.03 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.02 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.45 246.60 Td (currently-producing ) Tj ET Q q 0 0 0 rg BT 219.64 246.60 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 265.72 246.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 311.26 246.60 Td (at ) Tj ET Q q 0 0 0 rg BT 320.69 246.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 352.34 246.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 377.61 246.60 Td (we ) Tj ET Q q 0 0 0 rg BT 391.49 246.60 Td (are ) Tj ET Q q 0 0 0 rg BT 405.91 246.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 449.77 246.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 499.75 246.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 554.74 246.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (other ) Tj ET Q q 0 0 0 rg BT 71.94 234.60 Td (formations. ) Tj ET Q q 0 0 0 rg BT 119.66 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 121.42 234.60 Td (W) Tj ET Q q 0 0 0 rg BT 130.06 234.60 Td (e ) Tj ET Q q 0 0 0 rg BT 136.40 234.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 174.38 234.60 Td (do ) Tj ET Q q 0 0 0 rg BT 186.28 234.60 Td (not ) Tj ET Q q 0 0 0 rg BT 200.96 234.60 Td (have ) Tj ET Q q 0 0 0 rg BT 221.73 234.60 Td (any ) Tj ET Q q 0 0 0 rg BT 238.06 234.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 279.95 234.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 302.95 234.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 336.50 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 350.06 234.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 371.96 234.60 Td (but ) Tj ET Q q 0 0 0 rg BT 386.63 234.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 422.96 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.63 234.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 467.84 234.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 509.73 234.60 Td (opportunities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 222.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 86.16 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.43 222.60 Td (de-risk ) Tj ET Q q 0 0 0 rg BT 126.70 222.60 Td (other ) Tj ET Q q 0 0 0 rg BT 149.75 222.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 172.79 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.62 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.33 222.60 Td (field ) Tj ET Q q 0 0 0 rg BT 219.16 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 229.44 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.15 222.60 Td (future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 198.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 115.46 198.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 142.00 198.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.38 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 153.02 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 159.84 198.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 196.64 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.35 198.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.17 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.15 198.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 299.31 198.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 322.25 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.41 198.60 Td (June ) Tj ET Q q 0 0 0 rg BT 353.12 198.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 375.50 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 389.54 198.60 Td ($366 ) Tj ET Q q 0 0 0 rg BT 411.92 198.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 445.69 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.90 198.60 Td (The ) Tj ET Q q 0 0 0 rg BT 465.83 198.60 Td (field ) Tj ET Q q 0 0 0 rg BT 486.53 198.60 Td (is ) Tj ET Q q 0 0 0 rg BT 495.58 198.60 Td (located ) Tj ET Q q 0 0 0 rg BT 526.84 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 536.82 198.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 198.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.36 186.60 Td (18 ) Tj ET Q q 0 0 0 rg BT 121.47 186.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 145.24 186.60 Td (west ) Tj ET Q q 0 0 0 rg BT 165.67 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.11 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 191.54 186.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 228.65 186.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 253.81 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 255.76 186.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 300.64 186.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 323.30 186.60 Td (had ) Tj ET Q q 0 0 0 rg BT 339.85 186.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 380.27 186.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 410.14 186.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 459.45 186.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.31 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.75 186.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 64.96 174.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 105.70 174.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.87 174.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 174.92 174.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.92 174.60 Td (, ) Tj ET Q q 0 0 0 rg BT 200.37 174.60 Td (net ) Tj ET Q q 0 0 0 rg BT 215.55 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 226.29 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.57 174.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 277.46 174.60 Td (all ) Tj ET Q q 0 0 0 rg BT 290.42 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.71 174.60 Td (which ) Tj ET Q q 0 0 0 rg BT 329.10 174.60 Td (are ) Tj ET Q q 0 0 0 rg BT 344.27 174.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.99 174.60 Td (developed.��During ) Tj ET Q q 0 0 0 rg BT 454.88 174.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.05 174.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 497.45 174.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.76 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.72 174.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 174.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 174.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 99.56 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 145.74 162.60 Td (at ) Tj ET Q q 0 0 0 rg BT 155.61 162.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 201.25 162.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 227.16 162.60 Td (including ) Tj ET Q q 0 0 0 rg BT 267.79 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 313.98 162.60 Td (related ) Tj ET Q q 0 0 0 rg BT 344.04 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 354.67 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.75 162.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 405.38 162.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 426.57 162.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 452.00 162.60 Td (W) Tj ET Q q 0 0 0 rg BT 460.64 162.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 489.61 162.60 Td (Interests ) Tj ET Q q 0 0 0 rg BT 526.34 162.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 546.42 162.60 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Pending ) Tj ET Q q 0 0 0 rg BT 85.37 150.60 Td (Sale ) Tj ET Q q 0 0 0 rg BT 105.13 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.46 150.60 Td (W) Tj ET Q q 0 0 0 rg BT 122.87 150.60 Td (orking ) Tj ET Q q 0 0 0 rg BT 151.53 150.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 170.59 150.60 Td (ests ) Tj ET Q q 0 0 0 rg BT 188.14 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.46 150.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 231.57 150.60 Td (T) Tj ET Q q 0 0 0 rg BT 236.21 150.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 256.53 150.60 Td (Fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.52 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.07 150.60 Td (above) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 307.94 150.60 Td (\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.77 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 316.32 150.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 354.95 150.60 Td (1,008 ) Tj ET Q q 0 0 0 rg BT 380.00 150.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 412.82 150.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 454.79 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.12 150.60 Td (942 ) Tj ET Q q 0 0 0 rg BT 482.66 150.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 512.99 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 523.31 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.08 150.60 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 79.92 138.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.36 138.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.36 138.60 Td (.� ) Tj ET Q q 0 0 0 rg BT 117.31 138.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 162.20 138.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 184.86 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 193.64 138.60 Td (geologically ) Tj ET Q q 0 0 0 rg BT 245.18 138.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 275.06 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 284.94 138.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 322.05 138.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 347.21 138.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 389.87 138.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 402.53 138.60 Td (from ) Tj ET Q q 0 0 0 rg BT 424.07 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.40 138.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 457.17 138.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 478.16 138.60 Td (at ) Tj ET Q q 0 0 0 rg BT 487.48 138.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 517.36 138.60 Td (depths, ) Tj ET Q q 0 0 0 rg BT 548.08 138.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.41 126.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 101.75 126.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 132.88 126.60 Td (it ) Tj ET Q q 0 0 0 rg BT 140.69 126.60 Td (has ) Tj ET Q q 0 0 0 rg BT 156.27 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.16 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.41 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.66 126.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 197.92 126.60 Td (potential. ) Tj ET Q q 0 0 0 rg BT 237.66 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 239.92 126.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 267.16 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 281.63 126.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 306.10 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.68 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.99 126.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 376.02 126.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 398.83 126.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 444.97 126.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 491.36 126.60 Td (after ) Tj ET Q q 0 0 0 rg BT 511.93 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.40 126.60 Td (initiation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 114.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 74.07 113.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.32 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 79.67 114.60 Td (injection, ) Tj ET Q q 0 0 0 rg BT 119.51 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.08 114.60 Td (seller ) Tj ET Q q 0 0 0 rg BT 158.08 114.60 Td (will ) Tj ET Q q 0 0 0 rg BT 175.99 114.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 201.10 114.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 261.21 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 268.00 114.60 Td (5% ) Tj ET Q q 0 0 0 rg BT 283.68 114.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 307.15 114.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 341.14 114.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 372.92 114.60 Td (\(less ) Tj ET Q q 0 0 0 rg BT 393.60 114.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 435.37 114.60 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 461.60 114.60 Td (once ) Tj ET Q q 0 0 0 rg BT 482.82 114.60 Td (average ) Tj ET Q q 0 0 0 rg BT 516.26 114.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 551.94 114.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.17 102.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 129.16 102.60 Td (3,000 ) Tj ET Q q 0 0 0 rg BT 154.00 102.60 Td (Bbls/d. ) Tj ET Q q 0 0 0 rg BT 184.96 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.13 102.60 Td (The ) Tj ET Q q 0 0 0 rg BT 205.02 102.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 233.48 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 244.15 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.71 102.60 Td (development ) Tj ET Q q 0 0 0 rg BT 312.70 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 323.38 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 330.16 102.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 344.05 101.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 349.64 102.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 373.09 102.60 Td (at ) Tj ET Q q 0 0 0 rg BT 382.48 102.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 427.60 102.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 450.50 102.60 Td (is ) Tj ET Q q 0 0 0 rg BT 459.52 102.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 499.07 102.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 542.51 102.60 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.65 90.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 126.14 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.07 90.60 Td (priorities ) Tj ET Q q 0 0 0 rg BT 181.68 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.62 90.60 Td (future ) Tj ET Q q 0 0 0 rg BT 224.99 90.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 238.05 90.60 Td (prices.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.55 726.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 121.18 726.75 Td (Region) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (CO) Tj ET Q BT /F5 10.00 Tf ET BT /F5 6.50 Tf ET q 0 0 0 rg BT 63.39 701.32 Td (2) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 66.64 702.75 Td (�) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.39 702.75 Td (Sour) Tj ET Q q 0 0 0 rg BT 86.91 702.75 Td (ces ) Tj ET Q q 0 0 0 rg BT 102.18 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 119.68 702.75 Td (Pipelines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 678.75 Td (LaBarge ) Tj ET Q q 0 0 0 rg BT 108.14 678.75 Td (Field.��) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.30 678.75 Td (W) Tj ET Q q 0 0 0 rg BT 145.94 678.75 Td (e ) Tj ET Q q 0 0 0 rg BT 153.80 678.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 191.65 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 204.51 678.75 Td (overriding ) Tj ET Q q 0 0 0 rg BT 249.58 678.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 281.33 678.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 314.19 678.75 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 359.26 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 370.46 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 383.32 678.75 Td (approximate ) Tj ET Q q 0 0 0 rg BT 436.72 678.75 Td (one-third ) Tj ET Q q 0 0 0 rg BT 476.80 678.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 521.88 678.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 554.74 678.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (ExxonMobil�) Tj ET Q q 0 0 0 rg BT 102.83 666.75 Td (s ) Tj ET Q q 0 0 0 rg BT 108.95 666.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.84 665.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.09 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 128.31 666.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 163.28 666.75 Td (in ) Tj ET Q q 0 0 0 rg BT 173.28 666.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 198.09 666.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 209.74 666.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 232.52 666.75 Td (in ) Tj ET Q q 0 0 0 rg BT 242.52 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 256.95 666.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 283.61 666.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 314.15 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.70 666.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 346.91 666.75 Td (as ) Tj ET Q q 0 0 0 rg BT 357.46 666.75 Td (part ) Tj ET Q q 0 0 0 rg BT 375.23 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 385.78 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 400.22 666.75 Td (Bakken ) Tj ET Q q 0 0 0 rg BT 432.98 666.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 474.46 666.75 Td (T) Tj ET Q q 0 0 0 rg BT 480.22 666.75 Td (ransaction. ) Tj ET Q q 0 0 0 rg BT 526.03 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 528.25 666.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 553.06 666.75 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 72.07 654.75 Td (is ) Tj ET Q q 0 0 0 rg BT 80.76 654.75 Td (located ) Tj ET Q q 0 0 0 rg BT 111.65 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 121.44 654.75 Td (southwestern ) Tj ET Q q 0 0 0 rg BT 176.08 654.75 Td (W) Tj ET Q q 0 0 0 rg BT 184.92 654.75 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 219.99 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.44 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 246.79 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.13 654.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 315.23 654.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.23 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 339.75 654.75 Td (our ) Tj ET Q q 0 0 0 rg BT 355.09 654.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.54 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 396.34 654.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 421.14 654.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 432.60 654.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 455.17 654.75 Td (consisted ) Tj ET Q q 0 0 0 rg BT 494.40 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.75 654.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (1.1 ) Tj ET Q q 0 0 0 rg BT 64.32 642.75 Td (T) Tj ET Q q 0 0 0 rg BT 69.73 642.75 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 80.00 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 90.83 642.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 121.10 642.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 134.99 641.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.24 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 140.74 642.75 Td (reserves.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 498.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 97.48 498.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 142.47 498.75 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 157.47 497.32 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.72 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 163.47 498.75 Td (Pipelines.��) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.31 498.75 Td (The ) Tj ET Q q 0 0 0 rg BT 227.61 498.75 Td (20-inch ) Tj ET Q q 0 0 0 rg BT 260.91 498.75 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 305.31 498.75 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 340.83 498.75 Td (in ) Tj ET Q q 0 0 0 rg BT 351.17 498.75 Td (W) Tj ET Q q 0 0 0 rg BT 360.01 498.75 Td (yoming ) Tj ET Q q 0 0 0 rg BT 393.32 498.75 Td (is ) Tj ET Q q 0 0 0 rg BT 402.75 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 417.72 498.75 Td (first ) Tj ET Q q 0 0 0 rg BT 436.59 498.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 450.48 497.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.73 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 456.48 498.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 491.45 498.75 Td (we ) Tj ET Q q 0 0 0 rg BT 505.87 498.75 Td (constructed ) Tj ET Q q 0 0 0 rg BT 554.72 498.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 486.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 93.17 486.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 134.73 486.75 Td (region.��) Tj ET Q q 0 0 0 rg BT 167.60 486.75 Td (W) Tj ET Q q 0 0 0 rg BT 176.23 486.75 Td (e ) Tj ET Q q 0 0 0 rg BT 183.34 486.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 203.23 486.75 Td (to ) Tj ET Q q 0 0 0 rg BT 213.68 486.75 Td (use ) Tj ET Q q 0 0 0 rg BT 229.69 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.58 486.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 279.46 486.75 Td (as ) Tj ET Q q 0 0 0 rg BT 290.46 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 306.46 486.75 Td (trunk ) Tj ET Q q 0 0 0 rg BT 330.25 486.75 Td (line ) Tj ET Q q 0 0 0 rg BT 347.91 486.75 Td (in ) Tj ET Q q 0 0 0 rg BT 358.36 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 373.25 486.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 402.03 486.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 443.59 486.75 Td (region, ) Tj ET Q q 0 0 0 rg BT 474.31 486.75 Td (eventually ) Tj ET Q q 0 0 0 rg BT 518.63 486.75 Td (connecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 64.87 474.75 Td (various ) Tj ET Q q 0 0 0 rg BT 96.35 474.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 124.49 474.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 165.42 474.75 Td (region ) Tj ET Q q 0 0 0 rg BT 193.00 474.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.90 473.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.14 474.75 Td ( ) Tj ET Q q 0 0 0 rg BT 212.18 474.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 244.21 474.75 Td (to ) Tj ET Q q 0 0 0 rg BT 254.03 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 268.28 474.75 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 294.20 474.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 319.67 474.75 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 358.92 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 368.73 474.75 Td (eastern ) Tj ET Q q 0 0 0 rg BT 399.09 474.75 Td (Montana ) Tj ET Q q 0 0 0 rg BT 436.67 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 453.15 474.75 Td (western ) Tj ET Q q 0 0 0 rg BT 486.29 474.75 Td (North ) Tj ET Q q 0 0 0 rg BT 511.66 474.75 Td (Dakota. ) Tj ET Q q 0 0 0 rg BT 545.07 474.75 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 474.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (232-mile ) Tj ET Q q 0 0 0 rg BT 88.13 462.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 122.88 462.75 Td (begins ) Tj ET Q q 0 0 0 rg BT 151.52 462.75 Td (at ) Tj ET Q q 0 0 0 rg BT 161.26 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.01 462.75 Td (ConocoPhillips-operated ) Tj ET Q q 0 0 0 rg BT 277.97 462.75 Td (Lost ) Tj ET Q q 0 0 0 rg BT 298.28 462.75 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 324.70 462.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 340.56 462.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 363.08 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 373.21 462.75 Td (W) Tj ET Q q 0 0 0 rg BT 382.05 462.75 Td (yoming ) Tj ET Q q 0 0 0 rg BT 415.14 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 432.10 462.75 Td (terminates ) Tj ET Q q 0 0 0 rg BT 476.29 462.75 Td (at ) Tj ET Q q 0 0 0 rg BT 486.03 462.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 505.23 462.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 531.64 462.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 554.72 462.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (Montana.��) Tj ET Q q 0 0 0 rg BT 92.37 450.75 Td (W) Tj ET Q q 0 0 0 rg BT 101.00 450.75 Td (e ) Tj ET Q q 0 0 0 rg BT 108.88 450.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 153.97 450.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 206.84 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 218.61 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 234.27 450.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 269.92 450.75 Td (in ) Tj ET Q q 0 0 0 rg BT 281.14 450.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 304.58 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 322.45 450.75 Td (received ) Tj ET Q q 0 0 0 rg BT 359.75 450.75 Td (our ) Tj ET Q q 0 0 0 rg BT 376.52 450.75 Td (first ) Tj ET Q q 0 0 0 rg BT 396.07 450.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 409.96 449.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.21 450.75 Td ( ) Tj ET Q q 0 0 0 rg BT 416.65 450.75 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 458.96 450.75 Td (from ) Tj ET Q q 0 0 0 rg BT 481.84 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.49 450.75 Td (ConocoPhillips-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (operated ) Tj ET Q q 0 0 0 rg BT 86.48 438.75 Td (Lost ) Tj ET Q q 0 0 0 rg BT 106.82 438.75 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 133.26 438.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 149.15 438.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 171.71 438.75 Td (during ) Tj ET Q q 0 0 0 rg BT 200.37 438.75 Td (2013.��During ) Tj ET Q q 0 0 0 rg BT 258.76 438.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 283.82 438.75 Td (we ) Tj ET Q q 0 0 0 rg BT 298.04 438.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 342.25 438.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 394.24 438.75 Td (of ) Tj ET Q q 0 0 0 rg BT 405.13 438.75 Td (an ) Tj ET Q q 0 0 0 rg BT 417.13 438.75 Td (interconnect ) Tj ET Q q 0 0 0 rg BT 469.10 438.75 Td (between ) Tj ET Q q 0 0 0 rg BT 504.98 438.75 Td (our ) Tj ET Q q 0 0 0 rg BT 520.87 438.75 Td (Greencore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 84.64 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 101.44 426.75 Td (an ) Tj ET Q q 0 0 0 rg BT 113.24 426.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 147.27 426.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 192.40 426.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.29 425.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.54 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 211.91 426.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 246.49 426.75 Td (in ) Tj ET Q q 0 0 0 rg BT 256.46 426.75 Td (W) Tj ET Q q 0 0 0 rg BT 265.30 426.75 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 300.72 426.75 Td (which ) Tj ET Q q 0 0 0 rg BT 327.52 426.75 Td (enables ) Tj ET Q q 0 0 0 rg BT 359.87 426.75 Td (us ) Tj ET Q q 0 0 0 rg BT 371.13 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 381.27 426.75 Td (transport ) Tj ET Q q 0 0 0 rg BT 419.18 426.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 433.07 425.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.32 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 438.69 426.75 Td (from ) Tj ET Q q 0 0 0 rg BT 460.49 426.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 485.29 426.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 497.10 426.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 520.02 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 530.16 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 545.86 426.75 Td (Bell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 75.88 414.75 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.75 Td (In ) Tj ET Q q 0 0 0 rg BT 78.40 390.75 Td (mid-2018, ) Tj ET Q q 0 0 0 rg BT 122.35 390.75 Td (we ) Tj ET Q q 0 0 0 rg BT 136.57 390.75 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 181.90 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 196.68 390.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.57 389.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.82 390.75 Td ( ) Tj ET Q q 0 0 0 rg BT 216.39 390.75 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 256.71 390.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.83 390.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 307.37 390.75 Td (development ) Tj ET Q q 0 0 0 rg BT 361.58 390.75 Td (project ) Tj ET Q q 0 0 0 rg BT 391.91 390.75 Td (at ) Tj ET Q q 0 0 0 rg BT 401.69 390.75 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 428.14 390.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 454.01 390.75 Td (Anticline, ) Tj ET Q q 0 0 0 rg BT 496.29 390.75 Td (which ) Tj ET Q q 0 0 0 rg BT 523.29 390.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 558.06 390.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (105-mile ) Tj ET Q q 0 0 0 rg BT 87.95 378.75 Td (extension ) Tj ET Q q 0 0 0 rg BT 128.62 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 139.29 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 153.86 378.75 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 197.84 378.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.73 377.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.98 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 217.32 378.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 251.88 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 262.00 378.75 Td (CCA) Tj ET Q q 0 0 0 rg BT 282.01 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.36 378.75 Td (from ) Tj ET Q q 0 0 0 rg BT 306.14 378.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 325.15 378.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 351.38 378.75 Td (Field. ) Tj ET Q q 0 0 0 rg BT 376.78 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 378.95 378.75 Td (The ) Tj ET Q q 0 0 0 rg BT 396.84 378.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 425.84 378.75 Td (outlay ) Tj ET Q q 0 0 0 rg BT 453.18 378.75 Td (for ) Tj ET Q q 0 0 0 rg BT 467.19 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 481.75 378.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 516.31 378.75 Td (is ) Tj ET Q q 0 0 0 rg BT 525.32 378.75 Td (projected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 60.14 366.75 Td (be ) Tj ET Q q 0 0 0 rg BT 72.43 366.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 133.05 366.75 Td ($150 ) Tj ET Q q 0 0 0 rg BT 155.91 366.75 Td (million, ) Tj ET Q q 0 0 0 rg BT 190.16 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.35 366.75 Td (which ) Tj ET Q q 0 0 0 rg BT 228.65 366.75 Td (we ) Tj ET Q q 0 0 0 rg BT 243.17 366.75 Td (have ) Tj ET Q q 0 0 0 rg BT 264.90 366.75 Td (incurred ) Tj ET Q q 0 0 0 rg BT 301.08 366.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 361.69 366.75 Td ($45 ) Tj ET Q q 0 0 0 rg BT 379.55 366.75 Td (million ) Tj ET Q q 0 0 0 rg BT 411.30 366.75 Td (through ) Tj ET Q q 0 0 0 rg BT 445.27 366.75 Td (December ) Tj ET Q q 0 0 0 rg BT 489.21 366.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 504.57 366.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 527.43 366.75 Td (\(see ) Tj ET Q q 0 0 0 rg BT 546.39 366.75 Td (also ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 77.00 354.75 Td (Cr) Tj ET Q q 0 0 0 rg BT 87.19 354.75 Td (eek ) Tj ET Q q 0 0 0 rg BT 102.83 354.75 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 141.42 354.75 Td (CO) Tj ET Q BT /F5 10.00 Tf ET BT /F5 6.50 Tf ET q 0 0 0 rg BT 155.32 353.32 Td (2) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 158.56 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 161.06 354.75 Td (EOR ) Tj ET Q q 0 0 0 rg BT 183.00 354.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 192.63 354.75 Td (oject) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.07 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 214.57 354.75 Td (below ) Tj ET Q q 0 0 0 rg BT 241.50 354.75 Td (for ) Tj ET Q q 0 0 0 rg BT 255.66 354.75 Td (further ) Tj ET Q q 0 0 0 rg BT 285.37 354.75 Td (discussion\).) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 330.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 330.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 330.75 Td (operties ) Tj ET Q q 0 0 0 rg BT 128.21 330.75 Td (with ) Tj ET Q q 0 0 0 rg BT 147.93 330.75 Td (T) Tj ET Q q 0 0 0 rg BT 152.58 330.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 182.29 330.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 191.92 330.75 Td (oduction ) Tj ET Q q 0 0 0 rg BT 229.42 330.75 Td (and ) Tj ET Q q 0 0 0 rg BT 246.92 330.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 256.55 330.75 Td (oved ) Tj ET Q q 0 0 0 rg BT 277.92 330.75 Td (T) Tj ET Q q 0 0 0 rg BT 282.57 330.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 312.28 330.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 350.32 330.75 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 360.60 330.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 419.19 330.75 Td (2019) Tj ET Q BT /F5 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 306.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 85.77 306.75 Td (Cr) Tj ET Q q 0 0 0 rg BT 97.25 306.75 Td (eek ) Tj ET Q q 0 0 0 rg BT 113.29 306.75 Td (Field.��) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.45 306.75 Td (W) Tj ET Q q 0 0 0 rg BT 151.09 306.75 Td (e ) Tj ET Q q 0 0 0 rg BT 157.13 306.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 193.16 306.75 Td (our ) Tj ET Q q 0 0 0 rg BT 208.09 306.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.13 306.75 Td (in ) Tj ET Q q 0 0 0 rg BT 248.51 306.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 266.78 306.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 292.26 306.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 314.42 306.75 Td (in ) Tj ET Q q 0 0 0 rg BT 323.80 306.75 Td (southeast ) Tj ET Q q 0 0 0 rg BT 362.62 306.75 Td (Montana ) Tj ET Q q 0 0 0 rg BT 399.77 306.75 Td (as ) Tj ET Q q 0 0 0 rg BT 409.70 306.75 Td (part ) Tj ET Q q 0 0 0 rg BT 426.85 306.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.79 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 450.61 306.75 Td (Encore ) Tj ET Q q 0 0 0 rg BT 480.52 306.75 Td (mer) Tj ET Q q 0 0 0 rg BT 495.89 306.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 510.26 306.75 Td (in ) Tj ET Q q 0 0 0 rg BT 519.64 306.75 Td (2010.��) Tj ET Q q 0 0 0 rg BT 546.96 306.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 107.29 294.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 146.18 294.75 Td (in ) Tj ET Q q 0 0 0 rg BT 157.31 294.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 177.33 294.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 204.56 294.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 228.47 294.75 Td (is ) Tj ET Q q 0 0 0 rg BT 238.50 294.75 Td (a ) Tj ET Q q 0 0 0 rg BT 246.29 294.75 Td (sandstone ) Tj ET Q q 0 0 0 rg BT 289.08 294.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 327.98 294.75 Td (with ) Tj ET Q q 0 0 0 rg BT 349.11 294.75 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 409.65 294.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 440.78 294.75 Td (to ) Tj ET Q q 0 0 0 rg BT 451.91 294.75 Td (those ) Tj ET Q q 0 0 0 rg BT 476.38 294.75 Td (we ) Tj ET Q q 0 0 0 rg BT 491.39 294.75 Td (have ) Tj ET Q q 0 0 0 rg BT 513.62 294.75 Td (successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (flooded ) Tj ET Q q 0 0 0 rg BT 82.61 282.75 Td (with ) Tj ET Q q 0 0 0 rg BT 102.95 282.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.84 281.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.09 282.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.65 282.75 Td (in ) Tj ET Q q 0 0 0 rg BT 132.98 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 147.76 282.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 168.65 282.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 193.99 282.75 Td (region. ) Tj ET Q q 0 0 0 rg BT 224.60 282.75 Td ( ) Tj ET Q q 0 0 0 rg BT 227.16 282.75 Td (During ) Tj ET Q q 0 0 0 rg BT 258.05 282.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 283.11 282.75 Td (we ) Tj ET Q q 0 0 0 rg BT 297.33 282.75 Td (began ) Tj ET Q q 0 0 0 rg BT 323.76 282.75 Td (first ) Tj ET Q q 0 0 0 rg BT 342.43 282.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 356.32 281.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.57 282.75 Td ( ) Tj ET Q q 0 0 0 rg BT 362.13 282.75 Td (injections ) Tj ET Q q 0 0 0 rg BT 403.58 282.75 Td (into ) Tj ET Q q 0 0 0 rg BT 421.69 282.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 440.92 282.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 467.35 282.75 Td (Field, ) Tj ET Q q 0 0 0 rg BT 492.97 282.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 530.51 282.75 Td (our ) Tj ET Q q 0 0 0 rg BT 546.40 282.75 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 80.51 270.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 93.20 270.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 141.17 270.75 Td (and ) Tj ET Q q 0 0 0 rg BT 157.74 270.75 Td (booked ) Tj ET Q q 0 0 0 rg BT 189.32 270.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 214.79 270.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 244.69 270.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 275.70 270.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 313.10 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 315.08 270.75 Td (T) Tj ET Q q 0 0 0 rg BT 320.49 270.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 348.72 270.75 Td (production ) Tj ET Q q 0 0 0 rg BT 394.19 270.75 Td (during ) Tj ET Q q 0 0 0 rg BT 422.43 270.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.79 270.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 463.36 270.75 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.68 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 493.82 270.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.28 270.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.28 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 526.42 270.75 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (5,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 258.75 Td ( ) Tj ET Q q 0 0 0 rg BT 74.17 258.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 102.46 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.96 258.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 128.18 258.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 169.78 258.75 Td (to ) Tj ET Q q 0 0 0 rg BT 179.72 258.75 Td (4,421 ) Tj ET Q q 0 0 0 rg BT 204.39 258.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 232.68 258.75 Td (in ) Tj ET Q q 0 0 0 rg BT 242.63 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 257.01 258.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 283.62 258.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 314.11 258.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.61 258.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.61 258.75 Td (.��During ) Tj ET Q q 0 0 0 rg BT 382.61 258.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 407.28 258.75 Td (we ) Tj ET Q q 0 0 0 rg BT 421.11 258.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 464.93 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.31 258.75 Td (phase ) Tj ET Q q 0 0 0 rg BT 504.25 258.75 Td (five ) Tj ET Q q 0 0 0 rg BT 521.97 258.75 Td (expansion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (at ) Tj ET Q q 0 0 0 rg BT 59.11 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 73.73 246.75 Td (field, ) Tj ET Q q 0 0 0 rg BT 96.95 246.75 Td (and ) Tj ET Q q 0 0 0 rg BT 113.78 246.75 Td (in ) Tj ET Q q 0 0 0 rg BT 123.43 246.75 Td (April ) Tj ET Q q 0 0 0 rg BT 146.93 246.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 169.33 246.75 Td (commenced ) Tj ET Q q 0 0 0 rg BT 220.04 246.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 233.93 245.32 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.74 246.75 Td (injection ) Tj ET Q q 0 0 0 rg BT 276.12 246.75 Td (into ) Tj ET Q q 0 0 0 rg BT 294.08 246.75 Td (phase ) Tj ET Q q 0 0 0 rg BT 319.24 246.75 Td (six ) Tj ET Q q 0 0 0 rg BT 333.31 246.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.03 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 358.65 246.75 Td (field ) Tj ET Q q 0 0 0 rg BT 379.37 246.75 Td (development. ) Tj ET Q q 0 0 0 rg BT 435.92 246.75 Td ( ) Tj ET Q q 0 0 0 rg BT 438.14 246.75 Td (The ) Tj ET Q q 0 0 0 rg BT 456.08 246.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 481.81 246.75 Td (production ) Tj ET Q q 0 0 0 rg BT 527.53 246.75 Td (response ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (from ) Tj ET Q q 0 0 0 rg BT 70.90 234.75 Td (the ) Tj ET Q q 0 0 0 rg BT 85.08 234.75 Td (phase ) Tj ET Q q 0 0 0 rg BT 109.81 234.75 Td (six ) Tj ET Q q 0 0 0 rg BT 123.44 234.75 Td (expansion ) Tj ET Q q 0 0 0 rg BT 165.94 234.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.23 234.75 Td (the ) Tj ET Q q 0 0 0 rg BT 190.41 234.75 Td (flood ) Tj ET Q q 0 0 0 rg BT 213.48 234.75 Td (occurred ) Tj ET Q q 0 0 0 rg BT 250.42 234.75 Td (in ) Tj ET Q q 0 0 0 rg BT 260.15 234.75 Td (early ) Tj ET Q q 0 0 0 rg BT 282.10 234.75 Td (2020, ) Tj ET Q q 0 0 0 rg BT 306.56 234.75 Td (though ) Tj ET Q q 0 0 0 rg BT 336.30 234.75 Td (production ) Tj ET Q q 0 0 0 rg BT 381.58 234.75 Td (will ) Tj ET Q q 0 0 0 rg BT 399.10 234.75 Td (slowly ) Tj ET Q q 0 0 0 rg BT 427.73 234.75 Td (ramp ) Tj ET Q q 0 0 0 rg BT 450.24 234.75 Td (up ) Tj ET Q q 0 0 0 rg BT 462.20 234.75 Td (during ) Tj ET Q q 0 0 0 rg BT 490.27 234.75 Td (2020 ) Tj ET Q q 0 0 0 rg BT 512.23 234.75 Td (as ) Tj ET Q q 0 0 0 rg BT 522.52 234.75 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 73.11 222.75 Td (begin ) Tj ET Q q 0 0 0 rg BT 97.83 222.75 Td (to ) Tj ET Q q 0 0 0 rg BT 108.10 222.75 Td (respond.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 198.75 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 99.54 198.75 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.71 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 126.88 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 130.05 198.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 158.21 198.75 Td (a ) Tj ET Q q 0 0 0 rg BT 165.82 198.75 Td (201) Tj ET Q q 0 0 0 rg BT 180.45 198.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 188.62 198.75 Td (farm-in ) Tj ET Q q 0 0 0 rg BT 221.78 198.75 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 269.09 198.75 Td (we ) Tj ET Q q 0 0 0 rg BT 283.92 198.75 Td (obtained ) Tj ET Q q 0 0 0 rg BT 321.53 198.75 Td (a ) Tj ET Q q 0 0 0 rg BT 329.14 198.75 Td (65% ) Tj ET Q q 0 0 0 rg BT 350.64 198.75 Td (working ) Tj ET Q q 0 0 0 rg BT 387.14 198.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 419.75 198.75 Td (in ) Tj ET Q q 0 0 0 rg BT 430.70 198.75 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 461.07 198.75 Td (Field, ) Tj ET Q q 0 0 0 rg BT 487.30 198.75 Td (located ) Tj ET Q q 0 0 0 rg BT 519.35 198.75 Td (in ) Tj ET Q q 0 0 0 rg BT 530.30 198.75 Td (Natrona ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (County) Tj ET Q q 0 0 0 rg BT 78.30 186.75 Td (, ) Tj ET Q q 0 0 0 rg BT 82.43 186.75 Td (W) Tj ET Q q 0 0 0 rg BT 91.27 186.75 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 126.08 186.75 Td (in ) Tj ET Q q 0 0 0 rg BT 135.62 186.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 175.13 186.75 Td (for ) Tj ET Q q 0 0 0 rg BT 188.54 186.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 234.73 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.71 186.75 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 277.67 186.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 299.98 186.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 313.88 185.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.13 186.75 Td ( ) Tj ET Q q 0 0 0 rg BT 318.88 186.75 Td (flood. ) Tj ET Q q 0 0 0 rg BT 344.25 186.75 Td ( ) Tj ET Q q 0 0 0 rg BT 346.00 186.75 Td (During ) Tj ET Q q 0 0 0 rg BT 376.09 186.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 400.35 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.32 186.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.97 186.75 Td (and ) Tj ET Q q 0 0 0 rg BT 471.16 186.75 Td (its ) Tj ET Q q 0 0 0 rg BT 482.37 186.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 502.46 186.75 Td (venture ) Tj ET Q q 0 0 0 rg BT 534.20 186.75 Td (partner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 58.77 174.75 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 87.47 174.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 109.52 174.75 Td (revised ) Tj ET Q q 0 0 0 rg BT 139.89 174.75 Td (their ) Tj ET Q q 0 0 0 rg BT 159.70 174.75 Td (development ) Tj ET Q q 0 0 0 rg BT 212.84 174.75 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 264.31 174.75 Td (for ) Tj ET Q q 0 0 0 rg BT 277.46 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 291.17 174.75 Td (field ) Tj ET Q q 0 0 0 rg BT 310.98 174.75 Td (so ) Tj ET Q q 0 0 0 rg BT 321.37 174.75 Td (that ) Tj ET Q q 0 0 0 rg BT 337.85 174.75 Td (our ) Tj ET Q q 0 0 0 rg BT 352.68 174.75 Td (partner ) Tj ET Q q 0 0 0 rg BT 382.48 174.75 Td (funded ) Tj ET Q q 0 0 0 rg BT 411.74 174.75 Td ($55 ) Tj ET Q q 0 0 0 rg BT 428.24 174.75 Td (million ) Tj ET Q q 0 0 0 rg BT 458.62 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 468.44 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 482.15 174.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 524.18 174.75 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.01 162.75 Td (to ) Tj ET Q q 0 0 0 rg BT 87.65 162.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 126.17 162.75 Td (development ) Tj ET Q q 0 0 0 rg BT 179.68 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 189.87 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 203.95 162.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 234.14 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 250.44 162.75 Td (fieldwork ) Tj ET Q q 0 0 0 rg BT 291.18 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 300.82 162.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 340.44 162.75 Td (for ) Tj ET Q q 0 0 0 rg BT 353.96 162.75 Td (a ) Tj ET Q q 0 0 0 rg BT 360.26 162.75 Td (14% ) Tj ET Q q 0 0 0 rg BT 380.45 162.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 407.86 162.75 Td (working ) Tj ET Q q 0 0 0 rg BT 443.05 162.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 474.35 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.65 162.75 Td (a ) Tj ET Q q 0 0 0 rg BT 496.95 162.75 Td (disproportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (sharing ) Tj ET Q q 0 0 0 rg BT 81.62 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 92.62 150.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 126.95 150.75 Td (from ) Tj ET Q q 0 0 0 rg BT 149.06 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.96 150.75 Td (first ) Tj ET Q q 0 0 0 rg BT 182.74 150.75 Td (2 ) Tj ET Q q 0 0 0 rg BT 190.42 150.75 Td (million ) Tj ET Q q 0 0 0 rg BT 221.99 150.75 Td (barrels ) Tj ET Q q 0 0 0 rg BT 251.87 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.88 150.75 Td (production. ) Tj ET Q q 0 0 0 rg BT 311.38 150.75 Td ( ) Tj ET Q q 0 0 0 rg BT 313.86 150.75 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 339.04 150.75 Td (our ) Tj ET Q q 0 0 0 rg BT 355.05 150.75 Td (working ) Tj ET Q q 0 0 0 rg BT 391.06 150.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 423.17 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 433.62 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 448.52 150.75 Td (field ) Tj ET Q q 0 0 0 rg BT 469.52 150.75 Td (was ) Tj ET Q q 0 0 0 rg BT 487.75 150.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 522.07 150.75 Td (from ) Tj ET Q q 0 0 0 rg BT 544.19 150.75 Td (65% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 60.38 138.75 Td (51%, ) Tj ET Q q 0 0 0 rg BT 84.30 138.75 Td (and ) Tj ET Q q 0 0 0 rg BT 101.84 138.75 Td (our ) Tj ET Q q 0 0 0 rg BT 118.27 138.75 Td (net ) Tj ET Q q 0 0 0 rg BT 133.58 138.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 168.33 138.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 200.86 138.75 Td (on ) Tj ET Q q 0 0 0 rg BT 213.96 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 229.27 138.75 Td (first ) Tj ET Q q 0 0 0 rg BT 248.48 138.75 Td (million ) Tj ET Q q 0 0 0 rg BT 280.47 138.75 Td (barrels ) Tj ET Q q 0 0 0 rg BT 310.77 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 322.20 138.75 Td (production ) Tj ET Q q 0 0 0 rg BT 368.63 138.75 Td (is ) Tj ET Q q 0 0 0 rg BT 378.39 138.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 439.25 138.75 Td (20%. ) Tj ET Q q 0 0 0 rg BT 463.18 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 466.05 138.75 Td (W) Tj ET Q q 0 0 0 rg BT 474.69 138.75 Td (e ) Tj ET Q q 0 0 0 rg BT 482.23 138.75 Td (commenced ) Tj ET Q q 0 0 0 rg BT 533.64 138.75 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (production ) Tj ET Q q 0 0 0 rg BT 95.27 126.75 Td (from ) Tj ET Q q 0 0 0 rg BT 117.16 126.75 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 146.82 126.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 169.82 126.75 Td (during ) Tj ET Q q 0 0 0 rg BT 198.38 126.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.04 126.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 239.93 126.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 270.70 126.75 Td (of ) Tj ET Q q 0 0 0 rg BT 281.48 126.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 303.92 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.81 126.75 Td (booked ) Tj ET Q q 0 0 0 rg BT 352.70 126.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 378.48 126.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 408.69 126.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 440.02 126.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 475.22 126.75 Td (during ) Tj ET Q q 0 0 0 rg BT 503.78 126.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 528.73 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 531.00 126.75 Td (T) Tj ET Q q 0 0 0 rg BT 536.41 126.75 Td (ertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 114.75 Td (during ) Tj ET Q q 0 0 0 rg BT 123.93 114.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.65 114.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 165.59 114.75 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.90 114.75 Td ( ) Tj ET Q q 0 0 0 rg BT 196.40 114.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.23 114.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.23 114.75 Td ( ) Tj ET Q q 0 0 0 rg BT 229.73 114.75 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.32 114.75 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.32 114.75 Td ( ) Tj ET Q q 0 0 0 rg BT 280.82 114.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 309.44 114.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.27 114.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 335.82 114.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 377.75 114.75 Td (to ) Tj ET Q q 0 0 0 rg BT 388.03 114.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 400.53 114.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 429.14 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 439.42 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 454.14 114.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 481.08 114.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 511.89 114.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.72 114.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.72 114.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 90.75 Td (Salt ) Tj ET Q q 0 0 0 rg BT 86.95 90.75 Td (Cr) Tj ET Q q 0 0 0 rg BT 98.43 90.75 Td (eek ) Tj ET Q q 0 0 0 rg BT 115.64 90.75 Td (Field.��) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.80 90.75 Td (W) Tj ET Q q 0 0 0 rg BT 153.44 90.75 Td (e ) Tj ET Q q 0 0 0 rg BT 160.66 90.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 197.86 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 213.96 90.75 Td (23% ) Tj ET Q q 0 0 0 rg BT 235.07 90.75 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 290.60 90.75 Td (working ) Tj ET Q q 0 0 0 rg BT 326.70 90.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.91 90.75 Td (in ) Tj ET Q q 0 0 0 rg BT 369.47 90.75 Td (Salt ) Tj ET Q q 0 0 0 rg BT 387.80 90.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 414.45 90.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 437.79 90.75 Td (in ) Tj ET Q q 0 0 0 rg BT 448.14 90.75 Td (W) Tj ET Q q 0 0 0 rg BT 456.98 90.75 Td (yoming ) Tj ET Q q 0 0 0 rg BT 490.31 90.75 Td (for ) Tj ET Q q 0 0 0 rg BT 504.75 90.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.75 Td ($72 ) Tj ET Q q 0 0 0 rg BT 66.91 78.75 Td (million ) Tj ET Q q 0 0 0 rg BT 98.22 78.75 Td (in ) Tj ET Q q 0 0 0 rg BT 108.41 78.75 Td (June ) Tj ET Q q 0 0 0 rg BT 129.15 78.75 Td (2017. ) Tj ET Q q 0 0 0 rg BT 154.06 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 156.30 78.75 Td (T) Tj ET Q q 0 0 0 rg BT 161.71 78.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 190.21 78.75 Td (production ) Tj ET Q q 0 0 0 rg BT 235.95 78.75 Td (during ) Tj ET Q q 0 0 0 rg BT 264.47 78.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.10 78.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 305.95 78.75 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.27 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 336.68 78.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.42 78.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.42 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 369.83 78.75 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.33 78.75 Td (2,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.83 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 433.24 78.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 461.77 78.75 Td (of ) Tj ET Q q 0 0 0 rg BT 472.51 78.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 487.98 78.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 529.82 78.75 Td (to ) Tj ET Q q 0 0 0 rg BT 540.01 78.75 Td (2,107 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 78.12 66.75 Td (in ) Tj ET Q q 0 0 0 rg BT 88.40 66.75 Td (the ) Tj ET Q q 0 0 0 rg BT 103.11 66.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 130.05 66.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 160.87 66.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.70 66.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.70 66.75 Td (.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) 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0 rg BT 560.01 618.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.98 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.82 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 149.20 606.60 Td (during ) Tj ET Q q 0 0 0 rg BT 178.37 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.64 606.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 221.14 606.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 252.51 606.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.90 606.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.90 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 286.96 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.35 606.60 Td (14,961 ) Tj ET Q q 0 0 0 rg BT 328.91 606.60 Td (BOE/d. ) Tj ET Q q 0 0 0 rg BT 362.24 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 365.08 606.60 Td (The ) Tj ET Q q 0 0 0 rg BT 383.68 606.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 433.94 606.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 464.77 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 500.59 606.60 Td (associated 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.05 570.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.04 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.04 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.48 570.60 Td (Red ) Tj ET Q q 0 0 0 rg BT 155.80 570.60 Td (River ) Tj ET Q q 0 0 0 rg BT 180.24 570.60 Td (interval, ) Tj ET Q q 0 0 0 rg BT 215.50 570.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 235.51 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 237.73 570.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 273.27 570.60 Td (other ) Tj ET Q q 0 0 0 rg BT 296.04 570.60 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 342.13 570.60 Td (intervals ) Tj ET Q q 0 0 0 rg BT 378.78 570.60 Td (including ) Tj ET Q q 0 0 0 rg BT 418.78 570.60 Td (Mission ) Tj ET Q q 0 0 0 rg BT 453.23 570.60 Td (Canyon ) Tj ET Q q 0 0 0 rg BT 486.56 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 503.21 570.60 Td (Charles ) Tj ET Q q 0 0 0 rg BT 535.98 570.60 Td (B. ) Tj ET Q q 0 0 0 rg BT 547.37 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.43 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 570.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (began ) Tj ET Q q 0 0 0 rg BT 77.69 558.60 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 116.99 558.60 Td (these ) Tj ET Q q 0 0 0 rg BT 141.85 558.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 186.15 558.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 238.22 558.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 295.30 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 307.39 558.60 Td (late ) Tj ET Q q 0 0 0 rg BT 326.13 558.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 352.94 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 356.94 558.60 Td (W) Tj ET Q q 0 0 0 rg BT 365.58 558.60 Td (e ) Tj ET Q q 0 0 0 rg BT 374.32 558.60 Td (have ) Tj ET Q q 0 0 0 rg BT 397.51 558.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 427.92 558.60 Td (nine ) Tj ET Q q 0 0 0 rg BT 449.44 558.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 494.85 558.60 Td (Mission ) Tj ET Q q 0 0 0 rg BT 531.39 558.60 Td (Canyon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 99.69 546.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 123.22 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.08 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 146.94 546.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 190.46 546.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 216.21 546.60 Td (test ) Tj ET Q q 0 0 0 rg BT 232.52 546.60 Td (well ) Tj ET Q q 0 0 0 rg BT 252.16 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.36 546.60 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 288.67 546.60 Td (Creek�) Tj ET Q q 0 0 0 rg BT 315.33 546.60 Td (s ) Tj ET Q q 0 0 0 rg BT 321.64 546.60 Td (Charles ) Tj ET Q q 0 0 0 rg BT 354.61 546.60 Td (B ) Tj ET Q q 0 0 0 rg BT 363.70 546.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 405.55 546.60 Td (over ) Tj ET Q q 0 0 0 rg BT 425.75 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.38 546.60 Td (last ) Tj ET Q q 0 0 0 rg BT 456.69 546.60 Td (few ) Tj ET Q q 0 0 0 rg BT 474.10 546.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 500.13 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.37 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 511.01 546.60 Td (e ) Tj ET Q q 0 0 0 rg BT 517.87 546.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.73 546.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 85.42 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.24 534.60 Td (Charles ) Tj ET Q q 0 0 0 rg BT 133.39 534.60 Td (B ) Tj ET Q q 0 0 0 rg BT 142.66 534.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 184.70 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.75 534.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 233.22 534.60 Td (it ) Tj ET Q q 0 0 0 rg BT 241.38 534.60 Td (has ) Tj ET Q q 0 0 0 rg BT 257.32 534.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 317.11 534.60 Td (that ) Tj ET Q q 0 0 0 rg BT 334.71 534.60 Td (would ) Tj ET Q q 0 0 0 rg BT 362.32 534.60 Td (make ) Tj ET Q q 0 0 0 rg BT 386.58 534.60 Td (it ) Tj ET Q q 0 0 0 rg BT 394.74 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 401.78 534.60 Td (good ) Tj ET Q q 0 0 0 rg BT 424.39 534.60 Td (candidate ) Tj ET Q q 0 0 0 rg BT 465.30 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 479.57 534.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 522.71 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 533.65 534.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (flooding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (Cedar) Tj ET Q q 0 0 0 rg BT 93.98 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 97.17 498.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 108.65 498.60 Td (eek ) Tj ET Q q 0 0 0 rg BT 125.58 498.60 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 167.66 498.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 182.66 497.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.91 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 189.11 498.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 213.97 498.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 224.34 498.60 Td (oject) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.88 498.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.38 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 250.57 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 253.77 498.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 273.78 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 276.97 498.60 Td (is ) Tj ET Q q 0 0 0 rg BT 286.83 498.60 Td (located ) Tj ET Q q 0 0 0 rg BT 318.90 498.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 379.86 498.60 Td (1) Tj ET Q q 0 0 0 rg BT 384.48 498.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 397.68 498.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 422.54 498.60 Td (north ) Tj ET Q q 0 0 0 rg BT 446.84 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.37 498.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 478.23 498.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 505.30 498.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 531.55 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 549.18 498.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (current ) Tj ET Q q 0 0 0 rg BT 80.11 486.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 99.61 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 108.57 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 118.64 486.60 Td (connect ) Tj ET Q q 0 0 0 rg BT 152.02 486.60 Td (this ) Tj ET Q q 0 0 0 rg BT 168.76 486.60 Td (field ) Tj ET Q q 0 0 0 rg BT 189.38 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 199.45 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 215.07 486.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 258.99 486.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 294.06 486.60 Td (by ) Tj ET Q q 0 0 0 rg BT 306.35 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.85 486.60 Td (end ) Tj ET Q q 0 0 0 rg BT 337.58 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.20 486.60 Td (2020.��In ) Tj ET Q q 0 0 0 rg BT 386.32 486.60 Td (June ) Tj ET Q q 0 0 0 rg BT 406.94 486.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 431.73 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 445.68 486.60 Td (announced ) Tj ET Q q 0 0 0 rg BT 491.29 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 505.79 486.60 Td (sanctioning ) Tj ET Q q 0 0 0 rg BT 554.19 486.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.04 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 76.93 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.18 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 81.49 474.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 120.57 474.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 132.44 474.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 168.74 474.60 Td (development ) Tj ET Q q 0 0 0 rg BT 221.70 474.60 Td (project ) Tj ET Q q 0 0 0 rg BT 250.79 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 259.32 474.60 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 284.52 474.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 309.42 474.60 Td (Anticline. ) Tj ET Q q 0 0 0 rg BT 350.45 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 351.67 474.60 Td (The ) Tj ET Q q 0 0 0 rg BT 368.54 474.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 408.18 474.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 436.15 474.60 Td (outlay ) Tj ET Q q 0 0 0 rg BT 462.46 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 471.56 474.60 Td (first ) Tj ET Q q 0 0 0 rg BT 488.98 474.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 519.17 474.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 86.09 462.60 Td ($150 ) Tj ET Q q 0 0 0 rg BT 109.36 462.60 Td (million ) Tj ET Q q 0 0 0 rg BT 141.52 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 156.45 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 164.16 462.60 Td (105-mile ) Tj ET Q q 0 0 0 rg BT 203.53 462.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 245.13 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.73 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.21 462.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 317.12 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 331.01 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.26 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 337.53 462.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 373.01 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 395.72 462.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 415.65 462.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 442.80 462.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 466.62 462.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 508.22 462.60 Td (above ) Tj ET Q q 0 0 0 rg BT 535.37 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 553.07 462.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.36 450.60 Td ($150 ) Tj ET Q q 0 0 0 rg BT 113.22 450.60 Td (million ) Tj ET Q q 0 0 0 rg BT 143.98 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 157.50 450.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 196.30 450.60 Td (well ) Tj ET Q q 0 0 0 rg BT 215.38 450.60 Td (work ) Tj ET Q q 0 0 0 rg BT 237.80 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.10 450.60 Td (field ) Tj ET Q q 0 0 0 rg BT 274.29 450.60 Td (development ) Tj ET Q q 0 0 0 rg BT 327.81 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.45 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.53 450.60 Td (Red ) Tj ET Q q 0 0 0 rg BT 369.50 450.60 Td (River ) Tj ET Q q 0 0 0 rg BT 393.59 450.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 434.89 450.60 Td (at ) Tj ET Q q 0 0 0 rg BT 443.97 450.60 Td (East ) Tj ET Q q 0 0 0 rg BT 463.05 450.60 Td (Lookout ) Tj ET Q q 0 0 0 rg BT 498.80 450.60 Td (Butte ) Tj ET Q q 0 0 0 rg BT 522.33 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 538.64 450.60 Td (Cedar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (Hills ) Tj ET Q q 0 0 0 rg BT 70.67 438.60 Td (South ) Tj ET Q q 0 0 0 rg BT 95.73 438.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 119.66 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.16 438.60 Td (CCA. ) Tj ET Q q 0 0 0 rg BT 153.94 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 155.28 438.60 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 217.54 438.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 234.26 438.60 Td (million ) Tj ET Q q 0 0 0 rg BT 264.87 438.60 Td (has ) Tj ET Q q 0 0 0 rg BT 279.92 438.60 Td (been ) Tj ET Q q 0 0 0 rg BT 300.51 438.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 335.55 438.60 Td (through ) Tj ET Q q 0 0 0 rg BT 368.37 438.60 Td (December ) Tj ET Q q 0 0 0 rg BT 411.18 438.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 425.40 438.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 449.61 438.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 488.54 438.60 Td (related ) Tj ET Q q 0 0 0 rg BT 517.47 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.96 438.60 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.24 426.60 Td (pipe ) Tj ET Q q 0 0 0 rg BT 79.86 426.60 Td (for ) Tj ET Q q 0 0 0 rg BT 93.93 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.55 426.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 142.62 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 156.51 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.76 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.16 426.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 196.78 426.60 Td (extension. ) Tj ET Q q 0 0 0 rg BT 240.02 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 242.42 426.60 Td (First ) Tj ET Q q 0 0 0 rg BT 263.17 426.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 294.45 426.60 Td (production ) Tj ET Q q 0 0 0 rg BT 340.18 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 349.26 426.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 387.76 426.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 425.70 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 435.88 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.51 426.60 Td (second ) Tj ET Q q 0 0 0 rg BT 480.68 426.60 Td (half ) Tj ET Q q 0 0 0 rg BT 498.64 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 509.38 426.60 Td (2022 ) Tj ET Q q 0 0 0 rg BT 531.78 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 542.52 426.60 Td (early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (2023, ) Tj ET Q q 0 0 0 rg BT 74.25 414.60 Td (with ) Tj ET Q q 0 0 0 rg BT 94.28 414.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 136.53 414.60 Td (phases ) Tj ET Q q 0 0 0 rg BT 165.44 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.02 414.60 Td (development ) Tj ET Q q 0 0 0 rg BT 229.92 414.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 267.71 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 277.74 414.60 Td (tar) Tj ET Q q 0 0 0 rg BT 288.11 414.60 Td (get ) Tj ET Q q 0 0 0 rg BT 302.57 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.04 414.60 Td (Interlake, ) Tj ET Q q 0 0 0 rg BT 357.33 414.60 Td (Stony ) Tj ET Q q 0 0 0 rg BT 382.92 414.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 424.06 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.75 414.60 Td (Red ) Tj ET Q q 0 0 0 rg BT 459.11 414.60 Td (River ) Tj ET Q q 0 0 0 rg BT 483.58 414.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 529.16 414.60 Td (at ) Tj ET Q q 0 0 0 rg BT 538.63 414.60 Td (Cabin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 75.98 402.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 101.64 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 104.25 402.60 Td (In ) Tj ET Q q 0 0 0 rg BT 115.18 402.60 Td (light ) Tj ET Q q 0 0 0 rg BT 136.12 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 147.06 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 161.88 402.60 Td (current ) Tj ET Q q 0 0 0 rg BT 192.80 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 205.96 402.60 Td (price ) Tj ET Q q 0 0 0 rg BT 228.55 402.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 281.70 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.74 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.56 402.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 355.23 402.60 Td (s ) Tj ET Q q 0 0 0 rg BT 361.73 402.60 Td (desire ) Tj ET Q q 0 0 0 rg BT 388.21 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.59 402.60 Td (preserve ) Tj ET Q q 0 0 0 rg BT 435.06 402.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 470.45 402.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 503.69 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 508.79 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 402.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (is ) Tj ET Q q 0 0 0 rg BT 59.05 390.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 104.71 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.38 390.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 151.57 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.67 390.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 186.68 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 189.57 390.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 221.32 390.60 Td (development ) Tj ET Q q 0 0 0 rg BT 275.86 390.60 Td (timeline, ) Tj ET Q q 0 0 0 rg BT 314.01 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.34 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 342.00 390.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 383.19 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.30 390.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 450.61 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.83 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.93 390.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 512.03 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 522.69 390.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 548.08 390.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.65 378.60 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 132.47 378.60 Td (finalizing ) Tj ET Q q 0 0 0 rg BT 172.85 378.60 Td (its ) Tj ET Q q 0 0 0 rg BT 184.36 378.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 207.53 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 217.37 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 231.64 378.60 Td (second ) Tj ET Q q 0 0 0 rg BT 261.47 378.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 291.84 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 302.23 378.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 326.79 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 328.85 378.60 Td (See ) Tj ET Q q 0 0 0 rg BT 345.35 378.60 Td (further ) Tj ET Q q 0 0 0 rg BT 374.62 378.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 418.35 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.74 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.01 378.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 484.68 378.60 Td (s ) Tj ET Q q 0 0 0 rg BT 490.63 378.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 512.69 378.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 541.40 378.60 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 59.06 366.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 113.31 366.60 Td (s ) Tj ET Q q 0 0 0 rg BT 119.55 366.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 165.78 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 182.96 366.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 219.19 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.31 366.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 270.54 366.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 312.89 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 330.24 366.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 361.47 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.59 366.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.59 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 418.94 366.60 Td (� ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 426.28 366.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 458.63 366.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 486.59 366.60 Td (ces ) Tj ET Q q 0 0 0 rg BT 501.71 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.05 366.60 Td (Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.16 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 557.51 366.60 Td (� ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 72.00 354.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 104.50 354.60 Td (Budget) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.83 354.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 330.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 104.87 330.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 131.13 330.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 157.67 330.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.05 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 168.69 330.60 Td (e ) Tj ET Q q 0 0 0 rg BT 175.51 330.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 212.31 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 228.02 330.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 259.84 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 270.00 330.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 304.58 330.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 329.18 330.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 352.11 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 362.27 330.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 384.65 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 395.36 330.60 Td (part ) Tj ET Q q 0 0 0 rg BT 413.29 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.00 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.60 330.60 Td (Bakken ) Tj ET Q q 0 0 0 rg BT 471.53 330.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 513.16 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 518.92 330.60 Td (ransaction. ) Tj ET Q q 0 0 0 rg BT 565.01 330.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (The ) Tj ET Q q 0 0 0 rg BT 67.80 318.60 Td (field ) Tj ET Q q 0 0 0 rg BT 88.87 318.60 Td (is ) Tj ET Q q 0 0 0 rg BT 98.29 318.60 Td (located ) Tj ET Q q 0 0 0 rg BT 129.92 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.44 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.41 318.60 Td (Powder ) Tj ET Q q 0 0 0 rg BT 188.71 318.60 Td (River ) Tj ET Q q 0 0 0 rg BT 213.68 318.60 Td (Basin ) Tj ET Q q 0 0 0 rg BT 239.21 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.29 318.60 Td (northeastern ) Tj ET Q q 0 0 0 rg BT 302.27 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 311.10 318.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 346.91 318.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 407.42 318.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 420.17 318.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 444.59 318.60 Td (from ) Tj ET Q q 0 0 0 rg BT 466.78 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 482.86 318.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 527.24 318.60 Td (Pipeline. ) Tj ET Q q 0 0 0 rg BT 565.02 318.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 84.20 306.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 108.90 306.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 131.94 306.60 Td (had ) Tj ET Q q 0 0 0 rg BT 148.87 306.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 189.68 306.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 219.94 306.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 255.19 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 266.01 306.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 326.25 306.60 Td (2.6 ) Tj ET Q q 0 0 0 rg BT 341.24 306.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 381.52 306.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.22 306.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 449.79 306.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.79 306.60 Td (, ) Tj ET Q q 0 0 0 rg BT 474.78 306.60 Td (net ) Tj ET Q q 0 0 0 rg BT 489.49 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.76 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 515.58 306.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 550.00 306.60 Td (0.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 90.65 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.34 294.60 Td (which ) Tj ET Q q 0 0 0 rg BT 130.14 294.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 155.71 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 166.85 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.43 294.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 213.56 294.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 230.26 294.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 274.17 294.60 Td (Big ) Tj ET Q q 0 0 0 rg BT 291.98 294.60 Td (Geor) Tj ET Q q 0 0 0 rg BT 311.79 294.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 324.59 294.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 344.61 294.60 Td (zone.��During ) Tj ET Q q 0 0 0 rg BT 402.68 294.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.26 294.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 446.07 294.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.38 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 477.75 294.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.44 294.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.44 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 515.31 294.60 Td (non-tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (production ) Tj ET Q q 0 0 0 rg BT 94.95 282.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 133.17 282.60 Td (1,172 ) Tj ET Q q 0 0 0 rg BT 157.80 282.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 190.20 282.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 231.76 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.66 282.60 Td (1,327 ) Tj ET Q q 0 0 0 rg BT 266.29 282.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 296.20 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.11 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 320.45 282.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 347.02 282.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 377.46 282.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.92 282.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.92 282.60 Td (. ) Tj ET Q q 0 0 0 rg BT 412.55 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 414.68 282.60 Td (Industry ) Tj ET Q q 0 0 0 rg BT 450.14 282.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 482.26 282.60 Td (around ) Tj ET Q q 0 0 0 rg BT 512.16 282.60 Td (this ) Tj ET Q q 0 0 0 rg BT 528.73 282.60 Td (field ) Tj ET Q q 0 0 0 rg BT 549.19 282.60 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (been ) Tj ET Q q 0 0 0 rg BT 70.46 270.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 113.63 270.60 Td (for ) Tj ET Q q 0 0 0 rg BT 127.37 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.66 270.60 Td (last ) Tj ET Q q 0 0 0 rg BT 157.63 270.60 Td (several ) Tj ET Q q 0 0 0 rg BT 188.02 270.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 213.70 270.60 Td (with ) Tj ET Q q 0 0 0 rg BT 233.56 270.60 Td (several ) Tj ET Q q 0 0 0 rg BT 263.95 270.60 Td (operators ) Tj ET Q q 0 0 0 rg BT 303.24 270.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 331.98 270.60 Td (various ) Tj ET Q q 0 0 0 rg BT 363.50 270.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 408.91 270.60 Td (such ) Tj ET Q q 0 0 0 rg BT 429.32 270.60 Td (as ) Tj ET Q q 0 0 0 rg BT 439.72 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.87 270.60 Td (T) Tj ET Q q 0 0 0 rg BT 459.63 270.60 Td (urner) Tj ET Q q 0 0 0 rg BT 480.33 270.60 Td (, ) Tj ET Q q 0 0 0 rg BT 484.90 270.60 Td (Niobrara, ) Tj ET Q q 0 0 0 rg BT 525.02 270.60 Td (Shannon, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (Parkman ) Tj ET Q q 0 0 0 rg BT 87.56 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 104.51 258.60 Td (Mowry ) Tj ET Q q 0 0 0 rg BT 136.47 258.60 Td (for ) Tj ET Q q 0 0 0 rg BT 150.65 258.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 188.15 258.60 Td (development. ) Tj ET Q q 0 0 0 rg BT 244.82 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 247.15 258.60 Td (W) Tj ET Q q 0 0 0 rg BT 255.79 258.60 Td (e ) Tj ET Q q 0 0 0 rg BT 262.74 258.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 294.13 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.86 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 321.93 258.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 359.98 258.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 419.68 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.53 258.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 465.25 258.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 489.98 258.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 513.05 258.60 Td (make ) Tj ET Q q 0 0 0 rg BT 537.22 258.60 Td (it ) Tj ET Q q 0 0 0 rg BT 545.29 258.60 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 75.75 246.60 Td (for ) Tj ET Q q 0 0 0 rg BT 89.77 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 103.66 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.91 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 109.27 246.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 131.63 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.77 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 156.35 246.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 185.09 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.28 246.60 Td (The ) Tj ET Q q 0 0 0 rg BT 205.18 246.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 233.66 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 244.35 246.60 Td (development ) Tj ET Q q 0 0 0 rg BT 298.36 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.05 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 315.85 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 329.74 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.99 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 335.35 246.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 358.82 246.60 Td (at ) Tj ET Q q 0 0 0 rg BT 368.40 246.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 402.97 246.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 427.54 246.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 450.46 246.60 Td (is ) Tj ET Q q 0 0 0 rg BT 459.49 246.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 499.06 246.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 542.52 246.60 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.65 234.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 126.14 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.07 234.60 Td (priorities ) Tj ET Q q 0 0 0 rg BT 181.68 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.62 234.60 Td (future ) Tj ET Q q 0 0 0 rg BT 224.99 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 238.05 234.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.37 210.60 Td (Non-T) Tj ET Q q 0 0 0 rg BT 104.23 210.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 136.16 210.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 151.99 210.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 162.36 210.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.60 Td (Despite ) Tj ET Q q 0 0 0 rg BT 99.75 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.67 186.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 149.26 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.29 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 174.33 186.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 186.59 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.73 186.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 232.20 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 247.23 186.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 288.92 186.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 328.96 186.60 Td (above ) Tj ET Q q 0 0 0 rg BT 354.54 186.60 Td (consisting ) Tj ET Q q 0 0 0 rg BT 396.80 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.83 186.60 Td (either ) Tj ET Q q 0 0 0 rg BT 431.30 186.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 464.67 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 474.70 186.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 508.06 186.60 Td (future ) Tj ET Q q 0 0 0 rg BT 533.64 186.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (floods, ) Tj ET Q q 0 0 0 rg BT 80.01 174.60 Td (we ) Tj ET Q q 0 0 0 rg BT 94.68 174.60 Td (also ) Tj ET Q q 0 0 0 rg BT 113.79 174.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 149.01 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 162.57 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.02 174.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 210.79 174.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 227.13 174.60 Td (either ) Tj ET Q q 0 0 0 rg BT 252.90 174.60 Td (from ) Tj ET Q q 0 0 0 rg BT 275.34 174.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 300.57 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 311.36 174.60 Td (both ) Tj ET Q q 0 0 0 rg BT 332.14 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 348.48 174.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 369.82 174.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 395.60 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.05 174.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 442.17 174.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 484.06 174.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 516.51 174.60 Td (that ) Tj ET Q q 0 0 0 rg BT 534.51 174.60 Td (are ) Tj ET Q q 0 0 0 rg BT 549.72 174.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (amenable ) Tj ET Q q 0 0 0 rg BT 90.77 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.50 162.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 124.46 162.60 Td (or ) Tj ET Q q 0 0 0 rg BT 135.74 162.60 Td (from ) Tj ET Q q 0 0 0 rg BT 158.14 162.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 192.18 162.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 234.57 162.60 Td (\(within ) Tj ET Q q 0 0 0 rg BT 266.41 162.60 Td (an ) Tj ET Q q 0 0 0 rg BT 278.81 162.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 313.43 162.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 345.25 162.60 Td (field\) ) Tj ET Q q 0 0 0 rg BT 369.86 162.60 Td (that ) Tj ET Q q 0 0 0 rg BT 387.81 162.60 Td (are ) Tj ET Q q 0 0 0 rg BT 402.98 162.60 Td (not ) Tj ET Q q 0 0 0 rg BT 418.71 162.60 Td (amenable ) Tj ET Q q 0 0 0 rg BT 459.98 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 470.71 162.60 Td (EOR. ) Tj ET Q q 0 0 0 rg BT 496.17 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.12 162.60 Td (For ) Tj ET Q q 0 0 0 rg BT 515.97 162.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 555.30 162.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 88.74 150.60 Td (g ) Tj ET Q q 0 0 0 rg BT 95.17 150.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 119.65 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 132.74 150.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 166.37 150.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 195.56 150.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 210.32 150.60 Td (from ) Tj ET Q q 0 0 0 rg BT 231.18 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.82 150.60 Td (Selma ) Tj ET Q q 0 0 0 rg BT 271.24 150.60 Td (Chalk ) Tj ET Q q 0 0 0 rg BT 296.56 150.60 Td (reservoir) Tj ET Q q 0 0 0 rg BT 331.69 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 335.62 150.60 Td (which ) Tj ET Q q 0 0 0 rg BT 361.48 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 369.58 150.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 403.76 150.60 Td (from ) Tj ET Q q 0 0 0 rg BT 424.62 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.26 150.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 480.25 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.11 150.60 Td (Eutaw ) Tj ET Q q 0 0 0 rg BT 523.08 150.60 Td (reservoirs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.54 138.60 Td (being ) Tj ET Q q 0 0 0 rg BT 113.69 138.60 Td (flooded ) Tj ET Q q 0 0 0 rg BT 147.18 138.60 Td (with ) Tj ET Q q 0 0 0 rg BT 167.90 138.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 181.79 137.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.04 138.60 Td (. ) Tj ET Q q 0 0 0 rg BT 190.49 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 193.43 138.60 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 241.38 138.60 Td (production ) Tj ET Q q 0 0 0 rg BT 287.64 138.60 Td (from ) Tj ET Q q 0 0 0 rg BT 310.02 138.60 Td (these ) Tj ET Q q 0 0 0 rg BT 333.51 138.60 Td (other ) Tj ET Q q 0 0 0 rg BT 357.00 138.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 407.14 138.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 450.07 138.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 480.23 138.60 Td (1,567 ) Tj ET Q q 0 0 0 rg BT 505.67 138.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 536.39 138.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 126.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 91.16 126.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 121.97 126.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.80 126.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.80 126.60 Td (, ) Tj ET Q q 0 0 0 rg BT 157.80 126.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 199.72 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 210.00 126.60 Td (1,61) Tj ET Q q 0 0 0 rg BT 227.13 126.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 234.63 126.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 264.91 126.60 Td (during ) Tj ET Q q 0 0 0 rg BT 293.52 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.24 126.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 335.17 126.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 365.99 126.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.82 126.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.82 126.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 114.60 Td (�) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (OIL) Tj ET Q q 0 0 0 rg BT 67.29 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 69.24 726.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 93.40 726.75 Td (GAS ) Tj ET Q q 0 0 0 rg BT 115.91 726.75 Td (ACREAGE, ) Tj ET Q q 0 0 0 rg BT 170.92 726.75 Td (PRODUCTIVE ) Tj ET Q q 0 0 0 rg BT 240.46 726.75 Td (WELLS ) Tj ET Q q 0 0 0 rg BT 277.98 726.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 302.15 726.75 Td (DRILLING ) Tj ET Q q 0 0 0 rg BT 354.66 726.75 Td (ACTIVITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (In ) Tj ET Q q 0 0 0 rg BT 77.80 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 91.99 702.75 Td (data ) Tj ET Q q 0 0 0 rg BT 110.61 702.75 Td (below) Tj ET Q q 0 0 0 rg BT 134.40 702.75 Td (, ) Tj ET Q q 0 0 0 rg BT 138.87 702.75 Td (�gross� ) Tj ET Q q 0 0 0 rg BT 170.83 702.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 213.33 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.52 702.75 Td (total ) Tj ET Q q 0 0 0 rg BT 247.26 702.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 269.77 702.75 Td (or ) Tj ET Q q 0 0 0 rg BT 280.07 702.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 303.15 702.75 Td (in ) Tj ET Q q 0 0 0 rg BT 312.89 702.75 Td (which ) Tj ET Q q 0 0 0 rg BT 339.30 702.75 Td (we ) Tj ET Q q 0 0 0 rg BT 352.93 702.75 Td (own ) Tj ET Q q 0 0 0 rg BT 372.12 702.75 Td (a ) Tj ET Q q 0 0 0 rg BT 378.53 702.75 Td (working ) Tj ET Q q 0 0 0 rg BT 413.83 702.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.23 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 461.64 702.75 Td (�net� ) Tj ET Q q 0 0 0 rg BT 484.70 702.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 527.21 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 702.75 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 73.08 690.75 Td (or ) Tj ET Q q 0 0 0 rg BT 84.46 690.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 108.61 690.75 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 152.77 690.75 Td (by ) Tj ET Q q 0 0 0 rg BT 165.81 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 182.19 690.75 Td (working ) Tj ET Q q 0 0 0 rg BT 218.57 690.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.04 690.75 Td (percentage.��For ) Tj ET Q q 0 0 0 rg BT 318.78 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.05 690.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 358.20 690.75 Td (that ) Tj ET Q q 0 0 0 rg BT 376.24 690.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 411.49 690.75 Td (both ) Tj ET Q q 0 0 0 rg BT 432.32 690.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 445.92 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.41 690.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 482.28 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.54 690.75 Td (well ) Tj ET Q q 0 0 0 rg BT 517.81 690.75 Td (is ) Tj ET Q q 0 0 0 rg BT 527.52 690.75 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 89.76 678.75 Td (as ) Tj ET Q q 0 0 0 rg BT 100.59 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 112.53 678.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 125.59 678.75 Td (or ) Tj ET Q q 0 0 0 rg BT 136.42 678.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.68 678.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.51 678.75 Td (well ) Tj ET Q q 0 0 0 rg BT 202.23 678.75 Td (based ) Tj ET Q q 0 0 0 rg BT 227.50 678.75 Td (on ) Tj ET Q q 0 0 0 rg BT 240.00 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.71 678.75 Td (ratio ) Tj ET Q q 0 0 0 rg BT 275.54 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 286.37 678.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 299.43 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 309.71 678.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.97 678.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 355.80 678.75 Td (production.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 654.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 102.58 654.75 Td (Acr) Tj ET Q q 0 0 0 rg BT 118.49 654.75 Td (eage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 630.75 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 630.75 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 630.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.37 630.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.31 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 204.14 630.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 237.16 630.75 Td (position ) Tj ET Q q 0 0 0 rg BT 271.88 630.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 630.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 340.19 630.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.19 630.75 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 594.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 594.25 56.00 -15.00 re 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BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.70 598.50 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.92 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 583.92 Td (188,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 583.92 Td (155,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 583.92 Td (286,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 583.92 Td (18,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 583.92 Td (475,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 583.92 Td (173,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 568.92 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 568.92 Td (362,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 568.92 Td (315,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 568.92 Td (122,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 568.92 Td (22,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 568.92 Td (484,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 568.92 Td (337,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 553.92 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 553.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 553.92 Td (551,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 553.92 Td (470,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 553.92 Td (409,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 553.92 Td (41,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 553.92 Td (960,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 553.92 Td (51) Tj ET Q q 0 0 0 rg BT 535.65 553.92 Td (1,642) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 525.75 Td (The ) Tj ET Q q 0 0 0 rg BT 86.53 525.75 Td (percentage ) Tj ET Q q 0 0 0 rg BT 133.31 525.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.13 525.75 Td (our ) Tj ET Q q 0 0 0 rg BT 161.94 525.75 Td (net ) Tj ET Q q 0 0 0 rg BT 177.64 525.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 232.22 525.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 266.22 525.75 Td (that ) Tj ET Q q 0 0 0 rg BT 284.70 525.75 Td (is ) Tj ET Q q 0 0 0 rg BT 294.85 525.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 326.66 525.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.92 525.75 Td (expiration ) Tj ET Q q 0 0 0 rg BT 381.95 525.75 Td (over ) Tj ET Q q 0 0 0 rg BT 403.20 525.75 Td (the ) Tj ET Q q 0 0 0 rg BT 418.90 525.75 Td (next ) Tj ET Q q 0 0 0 rg BT 439.60 525.75 Td (three ) Tj ET Q q 0 0 0 rg BT 463.07 525.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 490.15 525.75 Td (if ) Tj ET Q q 0 0 0 rg BT 499.74 525.75 Td (not ) Tj ET Q q 0 0 0 rg BT 516.00 525.75 Td (renewed, ) Tj ET Q q 0 0 0 rg BT 555.85 525.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.76 513.75 Td (4% ) Tj ET Q q 0 0 0 rg BT 125.59 513.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.87 513.75 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.87 513.75 Td (, ) Tj ET Q q 0 0 0 rg BT 160.87 513.75 Td (1) Tj ET Q q 0 0 0 rg BT 165.50 513.75 Td (1% ) Tj ET Q q 0 0 0 rg BT 181.33 513.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.60 513.75 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.60 513.75 Td ( ) Tj ET Q q 0 0 0 rg BT 214.10 513.75 Td (and ) Tj ET Q q 0 0 0 rg BT 231.04 513.75 Td (7% ) Tj ET Q q 0 0 0 rg BT 246.87 513.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.15 513.75 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.15 513.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 489.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 489.75 Td (oductive ) Tj ET Q q 0 0 0 rg BT 98.29 489.75 Td (W) Tj ET Q q 0 0 0 rg BT 107.74 489.75 Td (ells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 465.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 465.75 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 465.75 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 465.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.37 465.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.31 465.75 Td (our ) Tj ET Q q 0 0 0 rg BT 204.14 465.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 227.75 465.75 Td (and ) Tj ET Q q 0 0 0 rg BT 244.69 465.75 Td (net ) Tj ET Q q 0 0 0 rg BT 259.40 465.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 304.67 465.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 317.72 465.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.66 465.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 364.93 465.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 380.76 465.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 404.37 465.75 Td (as ) Tj ET Q q 0 0 0 rg BT 415.20 465.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.03 465.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 484.61 465.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.61 465.75 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 429.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 429.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 429.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 429.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 429.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 429.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 429.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 429.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 429.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 429.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 429.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 429.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 399.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 399.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 399.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 399.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 399.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 399.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 399.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 399.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 399.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 399.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 399.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 399.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 369.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 369.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 369.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 369.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 369.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 369.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 369.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 369.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 369.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 369.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 369.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 369.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 339.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 339.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 339.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 339.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 339.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 339.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 339.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 339.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 339.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 339.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 339.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 339.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 309.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 309.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 309.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 309.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 309.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 309.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 309.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 309.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 309.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 309.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 309.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 309.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 279.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 279.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 279.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 279.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 279.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 279.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 279.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 279.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 279.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 279.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 279.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 279.25 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 442.25 m 262 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 442.25 m 266 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 442.25 m 322 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 442.25 m 382 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 442.25 m 386 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 442.25 m 442 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 442.25 m 502 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 442.25 m 506 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 442.25 m 562 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 429.25 m 262 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 429.25 m 322 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 429.25 m 382 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 429.25 m 442 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 429.25 m 502 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 429.25 m 562 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 429.25 m 262 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 429.25 m 322 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 429.25 m 382 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 429.25 m 442 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 429.25 m 502 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 429.25 m 562 429.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 384.25 m 262 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 384.25 m 322 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 384.25 m 382 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 384.25 m 442 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 384.25 m 502 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 384.25 m 562 384.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 370.25 m 262 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 368.25 m 262 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 370.25 m 322 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 368.25 m 322 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 370.25 m 382 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 368.25 m 382 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 370.25 m 442 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 368.25 m 442 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 370.25 m 502 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 368.25 m 502 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 370.25 m 562 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 368.25 m 562 368.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 324.25 m 262 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 324.25 m 322 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 324.25 m 382 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 324.25 m 442 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 324.25 m 502 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 324.25 m 562 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 310.25 m 262 310.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 308.25 m 262 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 310.25 m 322 310.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 308.25 m 322 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 310.25 m 382 310.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 308.25 m 382 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 310.25 m 442 310.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 308.25 m 442 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 310.25 m 502 310.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 308.25 m 502 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 310.25 m 562 310.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 308.25 m 562 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 264.25 m 262 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 264.25 m 322 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 264.25 m 382 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 264.25 m 442 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 264.25 m 502 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 264.25 m 562 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 250.25 m 262 250.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 248.25 m 262 248.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 250.25 m 322 250.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 248.25 m 322 248.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 250.25 m 382 250.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 248.25 m 382 248.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 250.25 m 442 250.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i 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rg BT 52.50 645.50 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.15 645.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.70 645.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.15 645.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.70 645.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.15 645.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.70 645.50 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 630.93 Td (Exploratory wells) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 128.33 635.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.50 630.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 630.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 630.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 630.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 630.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 630.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 615.92 Td (Productive) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 107.83 620.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 615.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 615.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 615.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 615.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 615.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 615.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 600.92 Td (Non-productive) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.82 605.45 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 600.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 600.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 600.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 600.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 600.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 600.92 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 585.93 Td (Development wells) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 132.21 590.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 585.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 585.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.50 585.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 585.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 585.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 585.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 570.92 Td (Productive) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 107.83 575.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 570.92 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 570.92 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 570.92 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 570.92 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 570.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 570.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 555.92 Td (Non-productive) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.82 560.45 Td (\(3\)\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 555.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 555.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 555.92 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 555.92 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 555.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 555.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 540.92 Td (T) Tj ET Q q 0 0 0 rg BT 81.91 540.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 540.92 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 540.92 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 540.92 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 540.92 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 540.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 540.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 512.75 Td (An ) Tj ET Q q 0 0 0 rg BT 81.99 512.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 130.36 512.75 Td (well ) Tj ET Q q 0 0 0 rg BT 149.85 512.75 Td (is ) Tj ET Q q 0 0 0 rg BT 158.79 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 165.51 512.75 Td (well ) Tj ET Q q 0 0 0 rg BT 185.00 512.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 213.37 512.75 Td (to ) Tj ET Q q 0 0 0 rg BT 223.42 512.75 Td (find ) Tj ET Q q 0 0 0 rg BT 241.80 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 248.52 512.75 Td (new ) Tj ET Q q 0 0 0 rg BT 267.45 512.75 Td (field ) Tj ET Q q 0 0 0 rg BT 288.05 512.75 Td (or ) Tj ET Q q 0 0 0 rg BT 298.65 512.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.70 512.75 Td (find ) Tj ET Q q 0 0 0 rg BT 327.08 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 333.79 512.75 Td (new ) Tj ET Q q 0 0 0 rg BT 352.73 512.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 390.54 512.75 Td (in ) Tj ET Q q 0 0 0 rg BT 400.59 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 407.30 512.75 Td (field ) Tj ET Q q 0 0 0 rg BT 427.90 512.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 472.39 512.75 Td (found ) Tj ET Q q 0 0 0 rg BT 497.99 512.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.04 512.75 Td (be ) Tj ET Q q 0 0 0 rg BT 519.75 512.75 Td (productive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.75 Td (of ) Tj ET Q q 0 0 0 rg BT 77.58 500.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 89.90 500.75 Td (or ) Tj ET Q q 0 0 0 rg BT 99.98 500.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 129.50 500.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 144.58 500.75 Td (in ) Tj ET Q q 0 0 0 rg BT 154.12 500.75 Td (another ) Tj ET Q q 0 0 0 rg BT 185.85 500.75 Td (reservoir) Tj ET Q q 0 0 0 rg BT 220.84 500.75 Td (.� ) Tj ET Q q 0 0 0 rg BT 227.59 500.75 Td (Generally) Tj ET Q q 0 0 0 rg BT 266.37 500.75 Td (, ) Tj ET Q q 0 0 0 rg BT 270.62 500.75 Td (an ) Tj ET Q q 0 0 0 rg BT 281.82 500.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 329.66 500.75 Td (well ) Tj ET Q q 0 0 0 rg BT 348.64 500.75 Td (is ) Tj ET Q q 0 0 0 rg BT 357.06 500.75 Td (any ) Tj ET Q q 0 0 0 rg BT 373.25 500.75 Td (well ) Tj ET Q q 0 0 0 rg BT 392.22 500.75 Td (that ) Tj ET Q q 0 0 0 rg BT 408.97 500.75 Td (is ) Tj ET Q q 0 0 0 rg BT 417.40 500.75 Td (not ) Tj ET Q q 0 0 0 rg BT 431.93 500.75 Td (a ) Tj ET Q q 0 0 0 rg BT 438.12 500.75 Td (development ) Tj ET Q q 0 0 0 rg BT 491.53 500.75 Td (well, ) Tj ET Q q 0 0 0 rg BT 513.00 500.75 Td (an ) Tj ET Q q 0 0 0 rg BT 524.19 500.75 Td (extension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 488.75 Td (well, ) Tj ET Q q 0 0 0 rg BT 89.92 488.75 Td (a ) Tj ET Q q 0 0 0 rg BT 97.07 488.75 Td (service ) Tj ET Q q 0 0 0 rg BT 128.09 488.75 Td (well ) Tj ET Q q 0 0 0 rg BT 148.01 488.75 Td (or ) Tj ET Q q 0 0 0 rg BT 159.04 488.75 Td (a ) Tj ET Q q 0 0 0 rg BT 166.19 488.75 Td (stratigraphic ) Tj ET Q q 0 0 0 rg BT 218.87 488.75 Td (test ) Tj ET Q q 0 0 0 rg BT 235.46 488.75 Td (well.� ) Tj ET Q q 0 0 0 rg BT 259.79 488.75 Td (A) Tj ET Q q 0 0 0 rg BT 266.46 488.75 Td ( ) Tj ET Q q 0 0 0 rg BT 269.16 488.75 Td (development ) Tj ET Q q 0 0 0 rg BT 323.52 488.75 Td (well ) Tj ET Q q 0 0 0 rg BT 343.44 488.75 Td (is ) Tj ET Q q 0 0 0 rg BT 352.82 488.75 Td (a ) Tj ET Q q 0 0 0 rg BT 359.96 488.75 Td (well ) Tj ET Q q 0 0 0 rg BT 379.88 488.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 408.69 488.75 Td (within ) Tj ET Q q 0 0 0 rg BT 436.95 488.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.87 488.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 482.35 488.75 Td (area ) Tj ET Q q 0 0 0 rg BT 501.70 488.75 Td (of ) Tj ET Q q 0 0 0 rg BT 512.73 488.75 Td (an ) Tj ET Q q 0 0 0 rg BT 524.88 488.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 538.14 488.75 Td (or ) Tj ET Q q 0 0 0 rg BT 549.17 488.75 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 476.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 105.54 476.75 Td (to ) Tj ET Q q 0 0 0 rg BT 115.82 476.75 Td (the ) Tj ET Q q 0 0 0 rg BT 130.53 476.75 Td (depth ) Tj ET Q q 0 0 0 rg BT 155.25 476.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.08 476.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.02 476.75 Td (stratigraphic ) Tj ET Q q 0 0 0 rg BT 225.50 476.75 Td (horizon ) Tj ET Q q 0 0 0 rg BT 258.54 476.75 Td (known ) Tj ET Q q 0 0 0 rg BT 288.27 476.75 Td (to ) Tj ET Q q 0 0 0 rg BT 298.54 476.75 Td (be ) Tj ET Q q 0 0 0 rg BT 310.48 476.75 Td (productive.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.75 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 452.75 Td ( ) Tj ET Q q 0 0 0 rg BT 77.04 452.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 122.67 452.75 Td (well ) Tj ET Q q 0 0 0 rg BT 142.76 452.75 Td (is ) Tj ET Q q 0 0 0 rg BT 152.29 452.75 Td (an ) Tj ET Q q 0 0 0 rg BT 164.60 452.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 213.56 452.75 Td (or ) Tj ET Q q 0 0 0 rg BT 224.76 452.75 Td (development ) Tj ET Q q 0 0 0 rg BT 279.28 452.75 Td (well ) Tj ET Q q 0 0 0 rg BT 299.37 452.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 328.34 452.75 Td (and ) Tj ET Q q 0 0 0 rg BT 345.65 452.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 390.17 452.75 Td (during ) Tj ET Q q 0 0 0 rg BT 419.14 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 434.23 452.75 Td (year ) Tj ET Q q 0 0 0 rg BT 454.30 452.75 Td (and ) Tj ET Q q 0 0 0 rg BT 471.61 452.75 Td (found ) Tj ET Q q 0 0 0 rg BT 497.81 452.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.46 452.75 Td (be ) Tj ET Q q 0 0 0 rg BT 520.76 452.75 Td (capable ) Tj ET Q q 0 0 0 rg BT 554.17 452.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 440.75 Td (producing ) Tj ET Q q 0 0 0 rg BT 110.55 440.75 Td (either ) Tj ET Q q 0 0 0 rg BT 135.81 440.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 148.87 440.75 Td (or ) Tj ET Q q 0 0 0 rg BT 159.70 440.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 189.96 440.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 205.79 440.75 Td (in ) Tj ET Q q 0 0 0 rg BT 216.07 440.75 Td (suf) Tj ET Q q 0 0 0 rg BT 228.11 440.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 256.15 440.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 297.53 440.75 Td (to ) Tj ET Q q 0 0 0 rg BT 307.81 440.75 Td (justify ) Tj ET Q q 0 0 0 rg BT 335.87 440.75 Td (completion ) Tj ET Q q 0 0 0 rg BT 383.36 440.75 Td (as ) Tj ET Q q 0 0 0 rg BT 394.19 440.75 Td (an ) Tj ET Q q 0 0 0 rg BT 406.13 440.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 419.18 440.75 Td (or ) Tj ET Q q 0 0 0 rg BT 430.01 440.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 460.28 440.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 476.11 440.75 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.75 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 416.75 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 416.75 Td ( ) Tj ET Q q 0 0 0 rg BT 76.67 416.75 Td (non-productive ) Tj ET Q q 0 0 0 rg BT 140.26 416.75 Td (well ) Tj ET Q q 0 0 0 rg BT 159.98 416.75 Td (is ) Tj ET Q q 0 0 0 rg BT 169.15 416.75 Td (an ) Tj ET Q q 0 0 0 rg BT 181.09 416.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 229.68 416.75 Td (or ) Tj ET Q q 0 0 0 rg BT 240.51 416.75 Td (development ) Tj ET Q q 0 0 0 rg BT 294.66 416.75 Td (well ) Tj ET Q q 0 0 0 rg BT 314.38 416.75 Td (that ) Tj ET Q q 0 0 0 rg BT 331.88 416.75 Td (is ) Tj ET Q q 0 0 0 rg BT 341.04 416.75 Td (not ) Tj ET Q q 0 0 0 rg BT 356.32 416.75 Td (a ) Tj ET Q q 0 0 0 rg BT 363.26 416.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 408.53 416.75 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.75 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 392.75 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 392.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.33 392.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.33 392.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.33 392.75 Td ( ) Tj ET Q q 0 0 0 rg BT 145.83 392.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.77 392.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.77 392.75 Td (, ) Tj ET Q q 0 0 0 rg BT 187.77 392.75 Td (an ) Tj ET Q q 0 0 0 rg BT 199.71 392.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 242.20 392.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 252.20 392.75 Td (4 ) Tj ET Q q 0 0 0 rg BT 259.70 392.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.64 392.75 Td (3 ) Tj ET Q q 0 0 0 rg BT 284.14 392.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 310.24 392.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 357.91 392.75 Td (, ) Tj ET Q q 0 0 0 rg BT 362.91 392.75 Td (were ) Tj ET Q q 0 0 0 rg BT 384.83 392.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 413.44 392.75 Td (for ) Tj ET Q q 0 0 0 rg BT 427.60 392.75 Td (water ) Tj ET Q q 0 0 0 rg BT 452.30 392.75 Td (or ) Tj ET Q q 0 0 0 rg BT 463.13 392.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 477.03 391.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.28 392.75 Td ( ) Tj ET Q q 0 0 0 rg BT 482.78 392.75 Td (injection ) Tj ET Q q 0 0 0 rg BT 520.27 392.75 Td (purposes.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.82 726.60 Td (following ) Tj ET Q q 0 0 0 rg BT 127.47 726.60 Td (table ) Tj ET Q q 0 0 0 rg BT 149.68 726.60 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 200.21 726.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 222.42 726.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 261.58 726.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 283.78 726.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 310.43 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.64 726.60 Td (production ) Tj ET Q q 0 0 0 rg BT 373.74 726.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.61 726.60 Td (information ) Tj ET Q q 0 0 0 rg BT 442.60 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 457.03 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.13 726.60 Td (net ) Tj ET Q q 0 0 0 rg BT 488.11 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.44 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.65 726.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 726.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 109.49 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.20 714.60 Td (years ) Tj ET Q q 0 0 0 rg BT 147.80 714.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.18 714.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 232.76 714.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.76 714.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.76 714.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.76 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.26 714.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.20 714.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.20 714.60 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 674.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 674.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 674.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 674.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 674.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 674.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 644.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 644.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 644.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 644.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 644.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 644.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 614.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 614.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 614.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 614.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 614.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 614.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 584.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 584.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 584.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 584.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 584.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 584.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 554.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 554.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 554.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 554.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 554.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 554.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 524.10 309.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 524.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 524.10 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 524.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 524.10 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 524.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 495.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 495.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 495.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 495.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 495.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 495.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 465.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 465.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 465.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 465.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 465.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 465.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 436.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 436.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 436.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 436.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 436.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 436.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 406.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 406.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 406.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 406.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 406.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 406.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 377.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 377.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 377.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 377.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 377.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 377.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 347.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 347.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 347.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 347.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 347.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 347.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 317.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 317.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 317.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 317.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 317.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 317.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 287.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 287.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 287.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 287.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 287.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 287.10 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 689.1 m 424 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 689.1 m 428 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 689.1 m 493 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 689.1 m 497 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 689.1 m 562 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 689.1 m 424 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 674.1 m 424 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 689.1 m 493 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 674.1 m 493 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 689.1 m 562 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 674.1 m 562 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 539.1 m 424 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 539.1 m 493 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 539.1 m 562 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 525.1 m 424 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 523.1 m 424 523.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 539.1 m 493 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 525.1 m 493 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 523.1 m 493 523.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 539.1 m 562 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 525.1 m 562 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 523.1 m 562 523.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 693.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 693.77 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 693.77 Td (ear Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 678.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 678.77 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 678.77 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 678.77 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 663.78 Td (Net sales volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 663.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 663.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 663.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 648.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 648.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 648.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 648.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 633.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 633.77 Td (12,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 633.77 Td (13,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 633.77 Td (14,1) Tj ET Q q 0 0 0 rg BT 548.15 633.77 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 618.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 618.77 Td (1,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 618.77 Td (1,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 618.77 Td (1,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 603.77 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 603.77 Td (otal Gulf Coast region \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 603.77 Td (12,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 603.77 Td (13,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 603.77 Td (14,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 588.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 588.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 588.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 588.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 573.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 573.77 Td (8,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 573.77 Td (7,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 573.77 Td (7,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 558.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 558.77 Td (1,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 558.77 Td (1,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 558.77 Td (2,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 543.77 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 543.77 Td (otal Rocky Mountain region \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 543.77 Td (8,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 543.77 Td (8,21) Tj ET Q q 0 0 0 rg BT 484.15 543.77 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 543.77 Td (7,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 528.77 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 528.77 Td (otal Company \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 528.77 Td (21,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 528.77 Td (22,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 528.77 Td (22,009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 499.78 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 499.78 Td (verage sales prices � excluding impact of derivative settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 499.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 499.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 499.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 484.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 484.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 484.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 484.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 469.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 469.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 469.77 Td (60.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 469.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 469.77 Td (67.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 469.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 469.77 Td (51.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 454.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 454.77 Td (2.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 454.77 Td (3.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 454.77 Td (2.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 425.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 425.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 425.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 425.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 410.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 410.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 410.77 Td (55.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 410.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 410.77 Td (63.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 410.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 410.77 Td (49.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 395.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 395.77 Td (1.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 395.77 Td (2.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 395.77 Td (1.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 366.77 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 366.77 Td (otal Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 366.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 366.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 366.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 351.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 351.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 351.77 Td (58.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 351.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 351.77 Td (66.1) Tj ET Q q 0 0 0 rg BT 484.15 351.77 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 351.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 351.77 Td (50.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 336.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 336.77 Td (2.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 336.77 Td (2.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 336.77 Td (2.41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 306.78 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 306.78 Td (verage pr) Tj ET Q q 0 0 0 rg BT 99.61 306.78 Td (oduction cost \(per) Tj ET Q q 0 0 0 rg BT 176.09 306.78 Td ( BOE sold\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 222.77 311.31 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 306.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 306.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 306.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 291.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 291.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 291.77 Td (22.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 291.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 291.77 Td (22.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 291.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 291.77 Td (20.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 276.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 276.77 Td (22.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 276.77 Td (22.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 276.77 Td (20.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 261.77 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 261.77 Td (otal Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 261.77 Td (22.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 261.77 Td (22.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 261.77 Td (20.35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.60 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 106.66 233.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 119.71 233.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.65 233.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.91 233.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.74 233.60 Td (ad ) Tj ET Q q 0 0 0 rg BT 194.68 233.60 Td (valorem ) Tj ET Q q 0 0 0 rg BT 229.95 233.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.88 233.60 Td (production ) Tj ET Q q 0 0 0 rg BT 292.71 233.60 Td (taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.60 Td (PRODUCTION ) Tj ET Q q 0 0 0 rg BT 119.78 209.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 143.95 209.60 Td (UNIT) Tj ET Q q 0 0 0 rg BT 168.77 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.27 209.60 Td (PRICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.60 Td (Further ) Tj ET Q q 0 0 0 rg BT 99.64 185.60 Td (information ) Tj ET Q q 0 0 0 rg BT 149.55 185.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 190.56 185.60 Td (average ) Tj ET Q q 0 0 0 rg BT 224.35 185.60 Td (production ) Tj ET Q q 0 0 0 rg BT 270.37 185.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 294.45 185.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 312.70 185.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.84 185.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 361.42 185.60 Td (and ) Tj ET Q q 0 0 0 rg BT 378.55 185.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 396.81 185.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.51 185.60 Td (per ) Tj ET Q q 0 0 0 rg BT 434.98 185.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 457.68 185.60 Td (are ) Tj ET Q q 0 0 0 rg BT 472.58 185.60 Td (set ) Tj ET Q q 0 0 0 rg BT 486.39 185.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 508.53 185.60 Td (under ) Tj ET Q q 0 0 0 rg BT 534.00 185.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 555.02 185.60 Td (7, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 173.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 103.75 173.60 Td (s ) Tj ET Q q 0 0 0 rg BT 110.53 173.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 157.31 173.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.98 173.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 211.76 173.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.42 173.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.19 173.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 307.08 173.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.97 173.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 356.75 173.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.41 173.60 Td (Operations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 412.41 173.60 Td ( ) Tj ET Q q 0 0 0 rg BT 415.30 173.60 Td (� ) Tj ET Q q 0 0 0 rg BT 423.19 173.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 454.96 173.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.63 173.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 513.51 173.60 Td (� ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 521.40 173.60 Td (Operating ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 161.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 80.89 161.60 Td (T) Tj ET Q q 0 0 0 rg BT 85.53 161.60 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.75 161.60 Td (, ) Tj ET Q q 0 0 0 rg BT 107.75 161.60 Td (included ) Tj ET Q q 0 0 0 rg BT 144.68 161.60 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 137.60 Td (TITLE ) Tj ET Q q 0 0 0 rg BT 82.39 137.60 Td (T) Tj ET Q q 0 0 0 rg BT 88.88 137.60 Td (O ) Tj ET Q q 0 0 0 rg BT 99.16 137.60 Td (PROPER) Tj ET Q q 0 0 0 rg BT 139.92 137.60 Td (TIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.89 113.60 Td (is ) Tj ET Q q 0 0 0 rg BT 89.83 113.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 133.75 113.60 Td (in ) Tj ET Q q 0 0 0 rg BT 143.80 113.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.29 113.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 171.12 113.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.83 113.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.87 113.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 233.47 113.60 Td (industry) Tj ET Q q 0 0 0 rg BT 265.60 113.60 Td (, ) Tj ET Q q 0 0 0 rg BT 270.37 113.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 307.63 113.60 Td (conducts ) Tj ET Q q 0 0 0 rg BT 345.45 113.60 Td (a ) Tj ET Q q 0 0 0 rg BT 352.16 113.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 382.76 113.60 Td (title ) Tj ET Q q 0 0 0 rg BT 400.59 113.60 Td (examination ) Tj ET Q q 0 0 0 rg BT 452.29 113.60 Td (at ) Tj ET Q q 0 0 0 rg BT 461.78 113.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.27 113.60 Td (time ) Tj ET Q q 0 0 0 rg BT 496.31 113.60 Td (of ) Tj ET Q q 0 0 0 rg BT 506.91 113.60 Td (its ) Tj ET Q q 0 0 0 rg BT 518.63 113.60 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.28 101.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 100.71 101.60 Td (or ) Tj ET Q q 0 0 0 rg BT 110.49 101.60 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 149.70 101.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 184.47 101.60 Td (tar) Tj ET Q q 0 0 0 rg BT 194.84 101.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 217.94 101.60 Td (for ) Tj ET Q q 0 0 0 rg BT 231.05 101.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 270.25 101.60 Td (recovery) Tj ET Q q 0 0 0 rg BT 304.58 101.60 Td (, ) Tj ET Q q 0 0 0 rg BT 308.53 101.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.41 101.60 Td (curative ) Tj ET Q q 0 0 0 rg BT 358.06 101.60 Td (work ) Tj ET Q q 0 0 0 rg BT 380.06 101.60 Td (is ) Tj ET Q q 0 0 0 rg BT 388.18 101.60 Td (performed ) Tj ET Q q 0 0 0 rg BT 431.27 101.60 Td (with ) Tj ET Q q 0 0 0 rg BT 450.50 101.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 480.26 101.60 Td (to ) Tj ET Q q 0 0 0 rg BT 489.49 101.60 Td (significant�defects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.86 89.60 Td (higher) Tj ET Q q 0 0 0 rg BT 88.20 89.60 Td (-value ) Tj ET Q q 0 0 0 rg BT 116.55 89.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 159.89 89.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.58 89.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.15 89.60 Td (greatest ) Tj ET Q q 0 0 0 rg BT 221.60 89.60 Td (significance. ) Tj ET Q q 0 0 0 rg BT 275.77 89.60 Td (�) Tj ET Q q 0 0 0 rg BT 278.09 89.60 Td (W) Tj ET Q q 0 0 0 rg BT 286.72 89.60 Td (e ) Tj ET Q q 0 0 0 rg BT 294.52 89.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 326.75 89.60 Td (that ) Tj ET Q q 0 0 0 rg BT 345.10 89.60 Td (title ) Tj ET Q q 0 0 0 rg BT 364.01 89.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.14 89.60 Td (our ) Tj ET Q q 0 0 0 rg BT 391.83 89.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 405.75 89.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.54 89.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 454.66 89.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.35 89.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 514.69 89.60 Td (is ) Tj ET Q q 0 0 0 rg BT 524.72 89.60 Td (good ) Tj ET Q q 0 0 0 rg BT 548.07 89.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.60 Td (defensible, ) Tj ET Q q 0 0 0 rg BT 95.80 77.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 126.84 77.60 Td (only ) Tj ET Q q 0 0 0 rg BT 147.33 77.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.82 77.60 Td (such ) Tj ET Q q 0 0 0 rg BT 178.86 77.60 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 224.33 77.60 Td (that ) Tj ET Q q 0 0 0 rg BT 242.03 77.60 Td (we ) Tj ET Q q 0 0 0 rg BT 256.40 77.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 287.99 77.60 Td (do ) Tj ET Q q 0 0 0 rg BT 300.70 77.60 Td (not ) Tj ET Q q 0 0 0 rg BT 316.18 77.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 359.43 77.60 Td (interfere ) Tj ET Q q 0 0 0 rg BT 396.00 77.60 Td (with ) Tj ET Q q 0 0 0 rg BT 416.49 77.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.42 77.60 Td (use ) Tj ET Q q 0 0 0 rg BT 447.46 77.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.50 77.60 Td (such ) Tj ET Q q 0 0 0 rg BT 479.54 77.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 524.73 77.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.60 Td (encumbrances, ) Tj ET Q q 0 0 0 rg BT 111.69 65.60 Td (easements, ) Tj ET Q q 0 0 0 rg BT 157.79 65.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 204.72 65.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.66 65.60 Td (royalty) Tj ET Q q 0 0 0 rg BT 249.33 65.60 Td (, ) Tj ET Q q 0 0 0 rg BT 254.33 65.60 Td (overriding�royalty ) Tj ET Q q 0 0 0 rg BT 329.31 65.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.25 65.60 Td (other ) Tj ET Q q 0 0 0 rg BT 369.30 65.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 399.57 65.60 Td (interests.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 116.00 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.50 714.60 Td (OIL) Tj ET Q q 0 0 0 rg BT 136.29 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.24 714.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 162.40 714.60 Td (GAS ) Tj ET Q q 0 0 0 rg BT 185.46 714.60 Td (PURCHASERS ) Tj ET Q q 0 0 0 rg BT 255.20 714.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 279.36 714.60 Td (PRODUCT) Tj ET Q q 0 0 0 rg BT 328.63 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.13 714.60 Td (MARKETING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.97 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 100.11 690.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.56 690.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.59 690.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.72 690.60 Td (are ) Tj ET Q q 0 0 0 rg BT 183.62 690.60 Td (made ) Tj ET Q q 0 0 0 rg BT 207.97 690.60 Td (on ) Tj ET Q q 0 0 0 rg BT 220.67 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 227.80 690.60 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 273.81 690.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.50 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 307.53 690.60 Td (under ) Tj ET Q q 0 0 0 rg BT 332.99 690.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 377.34 690.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.13 690.60 Td (at ) Tj ET Q q 0 0 0 rg BT 426.04 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.95 690.60 Td (current ) Tj ET Q q 0 0 0 rg BT 471.96 690.60 Td (area ) Tj ET Q q 0 0 0 rg BT 491.30 690.60 Td (market ) Tj ET Q q 0 0 0 rg BT 521.76 690.60 Td (price. ) Tj ET Q q 0 0 0 rg BT 546.94 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.44 690.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 690.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (would ) Tj ET Q q 0 0 0 rg BT 77.41 678.60 Td (not ) Tj ET Q q 0 0 0 rg BT 93.10 678.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 122.10 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.23 678.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 155.70 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.94 678.60 Td (any ) Tj ET Q q 0 0 0 rg BT 184.29 678.60 Td (single ) Tj ET Q q 0 0 0 rg BT 211.09 678.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 252.86 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 263.55 678.60 Td (have ) Tj ET Q q 0 0 0 rg BT 285.34 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 292.69 678.60 Td (material ) Tj ET Q q 0 0 0 rg BT 328.36 678.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 361.80 678.60 Td (ef) Tj ET Q q 0 0 0 rg BT 369.39 678.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 387.29 678.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 410.20 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.44 678.60 Td (operations; ) Tj ET Q q 0 0 0 rg BT 473.78 678.60 Td (however) Tj ET Q q 0 0 0 rg BT 507.81 678.60 Td (, ) Tj ET Q q 0 0 0 rg BT 513.22 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 528.35 678.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 546.82 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 558.06 678.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 666.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 70.87 666.60 Td (single ) Tj ET Q q 0 0 0 rg BT 96.32 666.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 136.75 666.60 Td (could ) Tj ET Q q 0 0 0 rg BT 160.54 666.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 204.87 666.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 233.08 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.86 666.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 296.19 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 309.42 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.31 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 336.44 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.44 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.77 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 396.66 666.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 444.05 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 470.06 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 479.40 666.60 Td (turn ) Tj ET Q q 0 0 0 rg BT 497.07 666.60 Td (could ) Tj ET Q q 0 0 0 rg BT 520.85 666.60 Td (negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.07 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.64 654.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 119.87 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 133.89 654.60 Td (receive.��For ) Tj ET Q q 0 0 0 rg BT 186.49 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.07 654.60 Td (year ) Tj ET Q q 0 0 0 rg BT 220.63 654.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.86 654.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 305.30 654.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 330.15 654.60 Td (three ) Tj ET Q q 0 0 0 rg BT 352.49 654.60 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 397.61 654.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 440.50 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 454.51 654.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 475.20 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 485.88 654.60 Td (more ) Tj ET Q q 0 0 0 rg BT 508.78 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 519.47 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 535.15 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.06 654.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.74 642.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.54 642.60 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 136.34 642.60 Td (Plains ) Tj ET Q q 0 0 0 rg BT 163.26 642.60 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 207.39 642.60 Td (LP) Tj ET Q q 0 0 0 rg BT 218.69 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 221.17 642.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 642.60 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.83 642.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 251.13 642.60 Td (Hunt ) Tj ET Q q 0 0 0 rg BT 273.61 642.60 Td (Crude ) Tj ET Q q 0 0 0 rg BT 300.52 642.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 315.77 642.60 Td (Supply ) Tj ET Q q 0 0 0 rg BT 346.59 642.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.95 642.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.28 642.60 Td (1) Tj ET Q q 0 0 0 rg BT 395.91 642.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.24 642.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 415.05 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 431.96 642.60 Td (Sunoco ) Tj ET Q q 0 0 0 rg BT 464.44 642.60 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 482.18 642.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.51 642.60 Td (1) Tj ET Q q 0 0 0 rg BT 490.14 642.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.47 642.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 511.78 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 514.25 642.60 Td (For ) Tj ET Q q 0 0 0 rg BT 530.62 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.31 642.60 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.00 630.60 Td (December ) Tj ET Q q 0 0 0 rg BT 119.70 630.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.82 630.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.82 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 159.95 630.60 Td (two ) Tj ET Q q 0 0 0 rg BT 177.57 630.60 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 222.95 630.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 266.10 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 280.38 630.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 301.33 630.60 Td (or ) Tj ET Q q 0 0 0 rg BT 312.28 630.60 Td (more ) Tj ET Q q 0 0 0 rg BT 335.45 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 346.40 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 362.35 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 375.53 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 392.59 630.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 422.98 630.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 438.93 630.60 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 479.86 630.60 Td (Plains ) Tj ET Q q 0 0 0 rg BT 506.93 630.60 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 551.21 630.60 Td (LP) Tj ET Q q 0 0 0 rg BT 562.51 630.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 618.60 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.16 618.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 77.00 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 93.94 618.60 Td (Hunt ) Tj ET Q q 0 0 0 rg BT 116.44 618.60 Td (Crude ) Tj ET Q q 0 0 0 rg BT 143.39 618.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 158.67 618.60 Td (Supply ) Tj ET Q q 0 0 0 rg BT 189.51 618.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.91 618.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.24 618.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.57 618.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 260.90 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.41 618.60 Td (For ) Tj ET Q q 0 0 0 rg BT 279.80 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.52 618.60 Td (year ) Tj ET Q q 0 0 0 rg BT 314.24 618.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 340.62 618.60 Td (December ) Tj ET Q q 0 0 0 rg BT 384.21 618.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.21 618.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.21 618.60 Td (, ) Tj ET Q q 0 0 0 rg BT 424.22 618.60 Td (two ) Tj ET Q q 0 0 0 rg BT 441.72 618.60 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 486.99 618.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 530.02 618.60 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 618.60 Td (10% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 606.60 Td (more ) Tj ET Q q 0 0 0 rg BT 83.38 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.21 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 110.04 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 123.09 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.03 606.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 170.30 606.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 186.13 606.60 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 226.94 606.60 Td (Plains ) Tj ET Q q 0 0 0 rg BT 253.89 606.60 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 298.04 606.60 Td (LP) Tj ET Q q 0 0 0 rg BT 309.34 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 311.84 606.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.17 606.60 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.50 606.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 339.33 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.27 606.60 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 397.65 606.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 441.25 606.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 482.64 606.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.97 606.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.30 606.60 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.61 582.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 115.72 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 127.06 582.60 Td (market ) Tj ET Q q 0 0 0 rg BT 158.38 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 172.50 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.50 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 221.82 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 238.71 582.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 275.04 582.60 Td (on ) Tj ET Q q 0 0 0 rg BT 288.60 582.60 Td (many ) Tj ET Q q 0 0 0 rg BT 314.38 582.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 345.14 582.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 378.14 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 395.03 582.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 429.41 582.60 Td (including ) Tj ET Q q 0 0 0 rg BT 470.75 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.52 582.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 514.52 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.41 582.60 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.30 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.21 570.60 Td (imports ) Tj ET Q q 0 0 0 rg BT 145.25 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.05 570.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 169.08 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.00 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 216.24 570.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 234.54 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.24 570.60 Td (proximity ) Tj ET Q q 0 0 0 rg BT 291.16 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.96 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 317.77 570.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 330.80 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.71 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 377.95 570.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 393.76 570.60 Td (production ) Tj ET Q q 0 0 0 rg BT 439.56 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.81 570.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 488.39 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 570.60 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (markets, ) Tj ET Q q 0 0 0 rg BT 85.83 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.23 558.60 Td (available ) Tj ET Q q 0 0 0 rg BT 138.49 558.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 173.98 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 183.93 558.60 Td (such ) Tj ET Q q 0 0 0 rg BT 204.44 558.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 245.22 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.61 558.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 293.45 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 307.28 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 320.02 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.63 558.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.57 558.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 384.58 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.97 558.60 Td (ef) Tj ET Q q 0 0 0 rg BT 406.56 558.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 427.61 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.12 558.60 Td (weather) Tj ET Q q 0 0 0 rg BT 469.37 558.60 Td (, ) Tj ET Q q 0 0 0 rg BT 474.04 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.66 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 505.05 558.60 Td (ef) Tj ET Q q 0 0 0 rg BT 512.64 558.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 533.69 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 544.20 558.60 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.16 546.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 96.14 546.60 Td (regulation.��) Tj ET Q q 0 0 0 rg BT 143.63 546.60 Td (As ) Tj ET Q q 0 0 0 rg BT 156.97 546.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 546.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 225.83 546.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.83 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 250.55 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 264.44 546.60 Td (have ) Tj ET Q q 0 0 0 rg BT 285.54 546.60 Td (not ) Tj ET Q q 0 0 0 rg BT 300.54 546.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 351.07 546.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 395.50 546.60 Td (dif) Tj ET Q q 0 0 0 rg BT 406.43 546.60 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 434.76 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.76 546.60 Td (finding ) Tj ET Q q 0 0 0 rg BT 475.87 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 482.53 546.60 Td (market ) Tj ET Q q 0 0 0 rg BT 512.52 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.41 546.60 Td (all ) Tj ET Q q 0 0 0 rg BT 538.63 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 546.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.13 534.60 Td (as ) Tj ET Q q 0 0 0 rg BT 105.76 534.60 Td (it ) Tj ET Q q 0 0 0 rg BT 113.62 534.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 150.91 534.60 Td (available ) Tj ET Q q 0 0 0 rg BT 189.30 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.93 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.01 534.60 Td (transporting ) Tj ET Q q 0 0 0 rg BT 260.64 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 276.27 534.60 Td (production ) Tj ET Q q 0 0 0 rg BT 321.90 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.98 534.60 Td (those ) Tj ET Q q 0 0 0 rg BT 355.39 534.60 Td (markets; ) Tj ET Q q 0 0 0 rg BT 392.12 534.60 Td (however) Tj ET Q q 0 0 0 rg BT 426.15 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 430.96 534.60 Td (there ) Tj ET Q q 0 0 0 rg BT 453.24 534.60 Td (is ) Tj ET Q q 0 0 0 rg BT 462.21 534.60 Td (no ) Tj ET Q q 0 0 0 rg BT 474.52 534.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 515.69 534.60 Td (that ) Tj ET Q q 0 0 0 rg BT 532.98 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 546.95 534.60 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (always ) Tj ET Q q 0 0 0 rg BT 79.77 522.60 Td (be ) Tj ET Q q 0 0 0 rg BT 91.71 522.60 Td (able ) Tj ET Q q 0 0 0 rg BT 110.86 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.14 522.60 Td (market ) Tj ET Q q 0 0 0 rg BT 151.40 522.60 Td (all ) Tj ET Q q 0 0 0 rg BT 163.90 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 190.56 522.60 Td (production ) Tj ET Q q 0 0 0 rg BT 236.38 522.60 Td (or ) Tj ET Q q 0 0 0 rg BT 247.21 522.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 274.71 522.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 314.96 522.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 498.60 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (Prices ) Tj ET Q q 0 0 0 rg BT 94.98 474.60 Td (received ) Tj ET Q q 0 0 0 rg BT 131.89 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.72 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 150.20 474.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 186.01 474.60 Td (market ) Tj ET Q q 0 0 0 rg BT 216.82 474.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 254.85 474.60 Td (frequently ) Tj ET Q q 0 0 0 rg BT 298.99 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.47 474.60 Td (can ) Tj ET Q q 0 0 0 rg BT 333.39 474.60 Td (dif) Tj ET Q q 0 0 0 rg BT 344.32 474.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 358.47 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 380.95 474.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 420.66 474.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 452.03 474.60 Td (due ) Tj ET Q q 0 0 0 rg BT 469.52 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.34 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.83 474.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 518.63 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.01 474.60 Td (reasons, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (including ) Tj ET Q q 0 0 0 rg BT 89.69 462.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 118.78 462.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 146.74 462.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 180.81 462.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 212.94 462.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 237.56 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 250.54 462.60 Td (quality ) Tj ET Q q 0 0 0 rg BT 280.73 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.58 462.60 Td (location ) Tj ET Q q 0 0 0 rg BT 332.21 462.60 Td (dif) Tj ET Q q 0 0 0 rg BT 343.14 462.60 Td (ferentials. ) Tj ET Q q 0 0 0 rg BT 385.26 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.50 462.60 Td (The ) Tj ET Q q 0 0 0 rg BT 405.46 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 418.44 462.60 Td (dif) Tj ET Q q 0 0 0 rg BT 429.36 462.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 468.98 462.60 Td (we ) Tj ET Q q 0 0 0 rg BT 483.06 462.60 Td (received ) Tj ET Q q 0 0 0 rg BT 519.34 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.54 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 462.60 Td (Gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 74.78 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 91.72 450.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 120.33 450.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 161.71 450.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 193.65 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 208.36 450.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 249.19 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.47 450.60 Td (further ) Tj ET Q q 0 0 0 rg BT 289.17 450.60 Td (detail ) Tj ET Q q 0 0 0 rg BT 313.88 450.60 Td (below) Tj ET Q q 0 0 0 rg BT 337.67 450.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (Crude ) Tj ET Q q 0 0 0 rg BT 94.41 426.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.43 426.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 133.77 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.02 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.70 426.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 179.50 426.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 204.75 426.60 Td (region ) Tj ET Q q 0 0 0 rg BT 232.76 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 247.44 426.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 287.10 426.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 321.24 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.48 426.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 370.61 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.52 426.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 415.54 426.60 Td (correlated ) Tj ET Q q 0 0 0 rg BT 457.98 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.23 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.91 426.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 517.59 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 527.83 426.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 554.18 426.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 74.27 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 87.39 414.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 106.63 414.60 Td (under ) Tj ET Q q 0 0 0 rg BT 131.96 414.60 Td (Light ) Tj ET Q q 0 0 0 rg BT 156.19 414.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 198.19 414.60 Td (Sweet. ) Tj ET Q q 0 0 0 rg BT 227.69 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.26 414.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 248.38 414.60 Td (average ) Tj ET Q q 0 0 0 rg BT 282.02 414.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 321.25 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 334.38 414.60 Td (dif) Tj ET Q q 0 0 0 rg BT 345.30 414.60 Td (ferential ) Tj ET Q q 0 0 0 rg BT 381.18 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.52 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.30 414.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 427.20 414.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 452.54 414.60 Td (region ) Tj ET Q q 0 0 0 rg BT 480.65 414.60 Td (was ) Tj ET Q q 0 0 0 rg BT 498.77 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 505.77 414.60 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 414.60 Td ($3.30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (per ) Tj ET Q q 0 0 0 rg BT 64.67 402.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 81.51 402.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.02 402.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.02 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 134.92 402.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 176.74 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 186.91 402.60 Td (a ) Tj ET Q q 0 0 0 rg BT 193.75 402.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 227.81 402.60 Td ($2.94 ) Tj ET Q q 0 0 0 rg BT 252.71 402.60 Td (per ) Tj ET Q q 0 0 0 rg BT 267.87 402.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 284.72 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.56 402.60 Td (a ) Tj ET Q q 0 0 0 rg BT 308.39 402.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 342.45 402.60 Td ($0.22 ) Tj ET Q q 0 0 0 rg BT 367.35 402.60 Td (per ) Tj ET Q q 0 0 0 rg BT 382.52 402.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 399.36 402.60 Td (during ) Tj ET Q q 0 0 0 rg BT 427.87 402.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 450.27 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 467.10 402.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 492.00 402.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 539.66 402.60 Td (. ) Tj ET Q q 0 0 0 rg BT 544.56 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 402.60 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (current ) Tj ET Q q 0 0 0 rg BT 79.91 390.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 113.65 390.60 Td (at ) Tj ET Q q 0 0 0 rg BT 122.96 390.60 Td (various ) Tj ET Q q 0 0 0 rg BT 154.49 390.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 176.02 390.60 Td (points ) Tj ET Q q 0 0 0 rg BT 202.56 390.60 Td (along ) Tj ET Q q 0 0 0 rg BT 226.87 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.18 390.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 261.60 390.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 286.47 390.60 Td (have ) Tj ET Q q 0 0 0 rg BT 307.44 390.60 Td (suf) Tj ET Q q 0 0 0 rg BT 319.48 390.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 347.11 390.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 380.86 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.73 390.60 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 448.35 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 463.77 390.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 511.68 390.60 Td (but ) Tj ET Q q 0 0 0 rg BT 526.55 390.60 Td (there ) Tj ET Q q 0 0 0 rg BT 548.63 390.60 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 378.60 Td (no ) Tj ET Q q 0 0 0 rg BT 73.94 378.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 115.31 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 126.14 378.60 Td (future ) Tj ET Q q 0 0 0 rg BT 152.51 378.60 Td (demand.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 354.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.24 354.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 127.98 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.51 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.03 354.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 182.34 354.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 223.42 354.60 Td (region ) Tj ET Q q 0 0 0 rg BT 251.17 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.92 354.60 Td (production ) Tj ET Q q 0 0 0 rg BT 309.44 354.60 Td (is ) Tj ET Q q 0 0 0 rg BT 318.31 354.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 361.60 354.60 Td (on ) Tj ET Q q 0 0 0 rg BT 373.79 354.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 431.53 354.60 Td (through ) Tj ET Q q 0 0 0 rg BT 464.83 354.60 Td (local ) Tj ET Q q 0 0 0 rg BT 486.46 354.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 524.76 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 354.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (centers ) Tj ET Q q 0 0 0 rg BT 80.13 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.22 342.60 Td (Guernsey) Tj ET Q q 0 0 0 rg BT 127.89 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 132.53 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 141.37 342.60 Td (yoming; ) Tj ET Q q 0 0 0 rg BT 177.01 342.60 Td (Clearbrook, ) Tj ET Q q 0 0 0 rg BT 226.81 342.60 Td (Minnesota; ) Tj ET Q q 0 0 0 rg BT 273.95 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 282.59 342.60 Td (ood ) Tj ET Q q 0 0 0 rg BT 299.90 342.60 Td (River) Tj ET Q q 0 0 0 rg BT 321.72 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 326.53 342.60 Td (Illinois; ) Tj ET Q q 0 0 0 rg BT 359.95 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.70 342.60 Td (most ) Tj ET Q q 0 0 0 rg BT 398.46 342.60 Td (recently ) Tj ET Q q 0 0 0 rg BT 432.97 342.60 Td (Cushing, ) Tj ET Q q 0 0 0 rg BT 471.12 342.60 Td (Oklahoma.��Shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.98 330.60 Td (some ) Tj ET Q q 0 0 0 rg BT 87.57 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.38 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.07 330.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 154.65 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 170.34 330.60 Td (at ) Tj ET Q q 0 0 0 rg BT 181.04 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 192.84 330.60 Td (near ) Tj ET Q q 0 0 0 rg BT 213.53 330.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 250.32 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.24 330.60 Td (may ) Tj ET Q q 0 0 0 rg BT 288.93 330.60 Td (be ) Tj ET Q q 0 0 0 rg BT 301.85 330.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 333.66 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 344.91 330.60 Td (apportionment.��) Tj ET Q q 0 0 0 rg BT 410.55 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 419.19 330.60 Td (e ) Tj ET Q q 0 0 0 rg BT 427.11 330.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 466.68 330.60 Td (have ) Tj ET Q q 0 0 0 rg BT 489.04 330.60 Td (access ) Tj ET Q q 0 0 0 rg BT 518.05 330.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 531.81 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 543.62 330.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 93.04 318.60 Td (for) Tj ET Q q 0 0 0 rg BT 104.30 318.60 Td (, ) Tj ET Q q 0 0 0 rg BT 108.71 318.60 Td (suf) Tj ET Q q 0 0 0 rg BT 120.75 318.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 148.20 318.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 182.31 318.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 217.53 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 227.21 318.60 Td (move ) Tj ET Q q 0 0 0 rg BT 251.33 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 266.57 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 279.03 318.60 Td (production; ) Tj ET Q q 0 0 0 rg BT 327.03 318.60 Td (however) Tj ET Q q 0 0 0 rg BT 361.06 318.60 Td (, ) Tj ET Q q 0 0 0 rg BT 365.47 318.60 Td (there ) Tj ET Q q 0 0 0 rg BT 387.36 318.60 Td (can ) Tj ET Q q 0 0 0 rg BT 403.14 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 414.48 318.60 Td (no ) Tj ET Q q 0 0 0 rg BT 426.38 318.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 467.16 318.60 Td (that ) Tj ET Q q 0 0 0 rg BT 484.06 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 497.62 318.60 Td (will ) Tj ET Q q 0 0 0 rg BT 515.08 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 526.42 318.60 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (suf) Tj ET Q q 0 0 0 rg BT 61.54 306.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.64 306.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 126.40 306.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 163.26 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.59 306.60 Td (move ) Tj ET Q q 0 0 0 rg BT 200.36 306.60 Td (all ) Tj ET Q q 0 0 0 rg BT 213.91 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.79 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.67 306.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 256.78 306.60 Td (production ) Tj ET Q q 0 0 0 rg BT 303.66 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.99 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.76 306.60 Td (future.��Because ) Tj ET Q q 0 0 0 rg BT 399.00 306.60 Td (local ) Tj ET Q q 0 0 0 rg BT 421.99 306.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 457.20 306.60 Td (for ) Tj ET Q q 0 0 0 rg BT 472.41 306.60 Td (production ) Tj ET Q q 0 0 0 rg BT 519.29 306.60 Td (is ) Tj ET Q q 0 0 0 rg BT 529.51 306.60 Td (small ) Tj ET Q q 0 0 0 rg BT 554.73 306.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (comparison ) Tj ET Q q 0 0 0 rg BT 98.63 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 108.88 294.60 Td (current ) Tj ET Q q 0 0 0 rg BT 139.67 294.60 Td (production ) Tj ET Q q 0 0 0 rg BT 185.46 294.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 213.76 294.60 Td (much ) Tj ET Q q 0 0 0 rg BT 238.45 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.25 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 294.60 Td (production ) Tj ET Q q 0 0 0 rg BT 309.74 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 319.99 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.68 294.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 363.26 294.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 404.62 294.60 Td (region ) Tj ET Q q 0 0 0 rg BT 432.64 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 441.78 294.60 Td (transported ) Tj ET Q q 0 0 0 rg BT 489.24 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.49 294.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 533.61 294.60 Td (outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.73 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.84 282.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 106.79 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 109.48 282.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 154.29 282.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 181.06 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 191.74 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.85 282.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 235.86 282.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 277.65 282.60 Td (region ) Tj ET Q q 0 0 0 rg BT 306.09 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.19 282.60 Td (further ) Tj ET Q q 0 0 0 rg BT 351.30 282.60 Td (influenced ) Tj ET Q q 0 0 0 rg BT 396.40 282.60 Td (by ) Tj ET Q q 0 0 0 rg BT 409.30 282.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 459.41 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 470.08 282.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 496.86 282.60 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 540.30 282.60 Td (Brent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 68.02 270.60 Td (LLS\) ) Tj ET Q q 0 0 0 rg BT 93.21 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 105.08 270.60 Td (coastal ) Tj ET Q q 0 0 0 rg BT 136.92 270.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 172.66 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.18 270.60 Td (by ) Tj ET Q q 0 0 0 rg BT 205.27 270.60 Td (available ) Tj ET Q q 0 0 0 rg BT 245.44 270.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 281.73 270.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 319.13 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.99 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.29 270.60 Td (Midwest ) Tj ET Q q 0 0 0 rg BT 386.37 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.90 270.60 Td (Cushing ) Tj ET Q q 0 0 0 rg BT 442.32 270.60 Td (markets. ) Tj ET Q q 0 0 0 rg BT 480.56 270.60 Td (�For ) Tj ET Q q 0 0 0 rg BT 501.03 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 517.33 270.60 Td (year ) Tj ET Q q 0 0 0 rg BT 538.62 270.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 108.54 258.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.54 258.60 Td (, ) Tj ET Q q 0 0 0 rg BT 133.99 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.16 258.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 185.99 258.60 Td (for ) Tj ET Q q 0 0 0 rg BT 200.61 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 216.89 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.40 258.60 Td (production ) Tj ET Q q 0 0 0 rg BT 276.67 258.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 309.60 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 320.33 258.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 359.95 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 370.68 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.85 258.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 414.91 258.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 456.75 258.60 Td (region ) Tj ET Q q 0 0 0 rg BT 485.25 258.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.28 258.60 Td ($2.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.78 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.73 258.60 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (Bbl, ) Tj ET Q q 0 0 0 rg BT 68.95 246.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 110.87 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.15 246.60 Td ($1.50 ) Tj ET Q q 0 0 0 rg BT 146.15 246.60 Td (per ) Tj ET Q q 0 0 0 rg BT 161.42 246.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 178.37 246.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.98 246.60 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.98 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 229.48 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.41 246.60 Td ($1.39 ) Tj ET Q q 0 0 0 rg BT 271.41 246.60 Td (per ) Tj ET Q q 0 0 0 rg BT 286.68 246.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 303.63 246.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.24 246.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.24 246.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (COMPETITION ) Tj ET Q q 0 0 0 rg BT 124.79 222.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 148.95 222.60 Td (MARKETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 82.34 198.60 Td (face ) Tj ET Q q 0 0 0 rg BT 100.74 198.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 150.27 198.60 Td (from ) Tj ET Q q 0 0 0 rg BT 171.47 198.60 Td (other ) Tj ET Q q 0 0 0 rg BT 193.78 198.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 206.09 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.29 198.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.82 198.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 266.91 198.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 311.43 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 320.97 198.60 Td (all ) Tj ET Q q 0 0 0 rg BT 332.72 198.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 363.36 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.45 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 388.54 198.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 426.69 198.60 Td (including ) Tj ET Q q 0 0 0 rg BT 466.23 198.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 511.87 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.96 198.60 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 94.33 186.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.24 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.02 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 139.70 186.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 168.43 186.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 200.22 186.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 227.84 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.63 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 258.52 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.77 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 264.12 186.60 Td (properties; ) Tj ET Q q 0 0 0 rg BT 309.23 186.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 352.12 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.80 186.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 375.70 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 392.49 186.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 422.60 186.60 Td (gas; ) Tj ET Q q 0 0 0 rg BT 441.05 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 457.84 186.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 497.96 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.75 186.60 Td (maintaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (goods, ) Tj ET Q q 0 0 0 rg BT 77.90 174.60 Td (services ) Tj ET Q q 0 0 0 rg BT 112.12 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 174.60 Td (labor) Tj ET Q q 0 0 0 rg BT 148.56 174.60 Td (.��Many ) Tj ET Q q 0 0 0 rg BT 181.40 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.74 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 207.08 174.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 256.30 174.60 Td (have ) Tj ET Q q 0 0 0 rg BT 277.19 174.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 329.75 174.60 Td (lar) Tj ET Q q 0 0 0 rg BT 340.11 174.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 354.89 174.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.88 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.33 174.60 Td (other ) Tj ET Q q 0 0 0 rg BT 430.88 174.60 Td (resources.��Factors ) Tj ET Q q 0 0 0 rg BT 507.59 174.60 Td (that ) Tj ET Q q 0 0 0 rg BT 524.60 174.60 Td (af) Tj ET Q q 0 0 0 rg BT 532.18 174.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.18 174.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.56 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 89.84 162.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 122.77 162.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 166.82 162.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 210.32 162.60 Td (include ) Tj ET Q q 0 0 0 rg BT 243.25 162.60 Td (available ) Tj ET Q q 0 0 0 rg BT 282.85 162.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 316.09 162.60 Td (, ) Tj ET Q q 0 0 0 rg BT 322.10 162.60 Td (available ) Tj ET Q q 0 0 0 rg BT 361.69 162.60 Td (information ) Tj ET Q q 0 0 0 rg BT 412.41 162.60 Td (about ) Tj ET Q q 0 0 0 rg BT 438.13 162.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 487.73 162.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 531.22 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 549.17 162.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 102.20 150.60 Td (for ) Tj ET Q q 0 0 0 rg BT 116.58 150.60 Td (earning ) Tj ET Q q 0 0 0 rg BT 149.29 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.45 150.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 198.07 150.60 Td (projected ) Tj ET Q q 0 0 0 rg BT 237.99 150.60 Td (return ) Tj ET Q q 0 0 0 rg BT 264.59 150.60 Td (on ) Tj ET Q q 0 0 0 rg BT 277.31 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 293.36 150.60 Td (investments.��Because ) Tj ET Q q 0 0 0 rg BT 384.68 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.73 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.67 150.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 445.04 150.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 472.75 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 483.80 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 499.86 150.60 Td (core ) Tj ET Q q 0 0 0 rg BT 519.79 150.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 545.84 150.60 Td (\(our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 81.24 138.60 Td (operations\) ) Tj ET Q q 0 0 0 rg BT 129.08 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.39 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 162.58 138.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 207.10 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.30 138.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 258.92 138.60 Td (uncommon ) Tj ET Q q 0 0 0 rg BT 306.78 138.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 351.86 138.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.48 138.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 415.34 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.53 138.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 440.42 137.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.67 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.54 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 457.18 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.26 138.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 493.45 138.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 519.09 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.40 138.60 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 90.65 126.60 Td (regions, ) Tj ET Q q 0 0 0 rg BT 124.85 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 138.77 126.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 169.91 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 187.17 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 201.09 126.60 Td (are ) Tj ET Q q 0 0 0 rg BT 215.56 126.60 Td (ef) Tj ET Q q 0 0 0 rg BT 223.15 126.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 252.62 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.66 126.60 Td (competing ) Tj ET Q q 0 0 0 rg BT 307.13 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 317.17 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.65 126.60 Td (market ) Tj ET Q q 0 0 0 rg BT 361.68 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 378.38 126.60 Td (have ) Tj ET Q q 0 0 0 rg BT 399.52 126.60 Td (less ) Tj ET Q q 0 0 0 rg BT 416.79 126.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 466.82 126.60 Td (than ) Tj ET Q q 0 0 0 rg BT 486.30 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 501.89 126.60 Td (peers ) Tj ET Q q 0 0 0 rg BT 525.25 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 535.29 126.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 80.88 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.71 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 107.54 114.60 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.57 90.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 121.75 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 136.93 90.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 175.99 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.95 90.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 245.78 90.60 Td (field ) Tj ET Q q 0 0 0 rg BT 267.62 90.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 310.02 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.32 90.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 341.51 90.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 366.14 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.10 90.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 419.28 90.60 Td (field ) Tj ET Q q 0 0 0 rg BT 441.12 90.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 486.30 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.26 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 519.44 90.60 Td (geologists, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (geophysicists, ) Tj ET Q q 0 0 0 rg BT 108.79 78.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 150.01 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 167.35 78.60 Td (other ) Tj ET Q q 0 0 0 rg BT 190.80 78.60 Td (professionals ) Tj ET Q q 0 0 0 rg BT 246.47 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.15 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.27 78.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.73 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.07 78.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.30 78.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 354.99 78.60 Td (can ) Tj ET Q q 0 0 0 rg BT 371.77 78.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 409.65 78.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 458.99 78.60 Td (, ) Tj ET Q q 0 0 0 rg BT 464.39 78.60 Td (often ) Tj ET Q q 0 0 0 rg BT 487.84 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 498.52 78.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 544.74 78.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.25 66.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 125.82 66.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 158.56 66.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 193.51 66.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 233.48 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 243.45 66.60 Td (such ) Tj ET Q q 0 0 0 rg BT 263.97 66.60 Td (personnel.��Prior ) Tj ET Q q 0 0 0 rg BT 332.54 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.52 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 356.93 66.60 Td (downturn ) Tj ET Q q 0 0 0 rg BT 397.45 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 407.42 66.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.17 66.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 448.74 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.15 66.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 513.12 66.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.97 66.60 Td (qualified ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 87.81 726.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 128.91 726.60 Td (had ) Tj ET Q q 0 0 0 rg BT 145.57 726.60 Td (been ) Tj ET Q q 0 0 0 rg BT 166.67 726.60 Td (extensive, ) Tj ET Q q 0 0 0 rg BT 209.16 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 225.82 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 241.38 726.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 282.48 726.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 304.70 726.60 Td (escalated. ) Tj ET Q q 0 0 0 rg BT 346.06 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 348.13 726.60 Td (There ) Tj ET Q q 0 0 0 rg BT 373.66 726.60 Td (were ) Tj ET Q q 0 0 0 rg BT 395.32 726.60 Td (also ) Tj ET Q q 0 0 0 rg BT 413.65 726.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 445.31 726.60 Td (with ) Tj ET Q q 0 0 0 rg BT 465.31 726.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 505.30 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 515.85 726.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 547.52 726.60 Td (rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.90 714.60 Td (other ) Tj ET Q q 0 0 0 rg BT 90.41 714.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 138.09 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 149.38 714.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 184.00 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 198.62 714.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 216.58 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.98 714.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 279.16 714.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 319.88 714.60 Td (along ) Tj ET Q q 0 0 0 rg BT 345.06 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 365.80 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.98 714.60 Td (number ) Tj ET Q q 0 0 0 rg BT 414.49 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.78 714.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 449.85 714.60 Td (being ) Tj ET Q q 0 0 0 rg BT 475.03 714.60 Td (drilled.��) Tj ET Q q 0 0 0 rg BT 508.45 714.60 Td (These ) Tj ET Q q 0 0 0 rg BT 535.29 714.60 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (also ) Tj ET Q q 0 0 0 rg BT 68.57 702.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 93.73 702.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 138.90 702.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 178.50 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 189.24 702.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 212.20 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 226.82 702.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 274.49 702.60 Td (services ) Tj ET Q q 0 0 0 rg BT 309.65 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.05 702.60 Td (personnel.��) Tj ET Q q 0 0 0 rg BT 373.25 702.60 Td (W) Tj ET Q q 0 0 0 rg BT 381.88 702.60 Td (e ) Tj ET Q q 0 0 0 rg BT 389.28 702.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 418.89 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 431.29 702.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 461.45 702.60 Td (when ) Tj ET Q q 0 0 0 rg BT 486.07 702.60 Td (we ) Tj ET Q q 0 0 0 rg BT 500.69 702.60 Td (will ) Tj ET Q q 0 0 0 rg BT 519.20 702.60 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (these ) Tj ET Q q 0 0 0 rg BT 72.04 690.60 Td (issues, ) Tj ET Q q 0 0 0 rg BT 100.42 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.85 690.60 Td (these ) Tj ET Q q 0 0 0 rg BT 139.38 690.60 Td (types ) Tj ET Q q 0 0 0 rg BT 162.48 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.80 690.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 212.56 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 222.88 690.60 Td (price ) Tj ET Q q 0 0 0 rg BT 244.85 690.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 283.49 690.60 Td (could ) Tj ET Q q 0 0 0 rg BT 307.70 690.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 359.68 690.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 396.08 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 411.40 690.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 435.61 690.60 Td (mar) Tj ET Q q 0 0 0 rg BT 450.97 690.60 Td (gin, ) Tj ET Q q 0 0 0 rg BT 468.24 690.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 488.00 690.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 508.32 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 690.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (results, ) Tj ET Q q 0 0 0 rg BT 80.61 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.55 678.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 122.25 678.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 166.97 678.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 195.01 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 205.29 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 221.12 678.60 Td (development ) Tj ET Q q 0 0 0 rg BT 275.27 678.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 96.73 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.68 654.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 122.84 654.60 Td (ST) Tj ET Q q 0 0 0 rg BT 134.33 654.60 Td (A) Tj ET Q q 0 0 0 rg BT 140.81 654.60 Td (TE ) Tj ET Q q 0 0 0 rg BT 156.65 654.60 Td (REGULA) Tj ET Q q 0 0 0 rg BT 198.69 654.60 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 111.92 630.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 144.93 630.60 Td (state ) Tj ET Q q 0 0 0 rg BT 166.02 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.21 630.60 Td (local ) Tj ET Q q 0 0 0 rg BT 205.41 630.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 226.49 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.69 630.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 290.88 630.60 Td (govern ) Tj ET Q q 0 0 0 rg BT 321.41 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.39 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 349.70 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.90 630.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 382.99 630.60 Td (industry) Tj ET Q q 0 0 0 rg BT 415.12 630.60 Td (.��) Tj ET Q q 0 0 0 rg BT 422.07 630.60 Td (Additions ) Tj ET Q q 0 0 0 rg BT 464.27 630.60 Td (or ) Tj ET Q q 0 0 0 rg BT 475.36 630.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 510.33 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 520.86 630.60 Td (these ) Tj ET Q q 0 0 0 rg BT 544.17 630.60 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 618.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 115.30 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 130.96 618.60 Td (often ) Tj ET Q q 0 0 0 rg BT 154.97 618.60 Td (made ) Tj ET Q q 0 0 0 rg BT 180.09 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 191.33 618.60 Td (response ) Tj ET Q q 0 0 0 rg BT 229.78 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.02 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.70 618.60 Td (current ) Tj ET Q q 0 0 0 rg BT 288.48 618.60 Td (political ) Tj ET Q q 0 0 0 rg BT 324.71 618.60 Td (or ) Tj ET Q q 0 0 0 rg BT 336.50 618.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 378.84 618.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 435.34 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 438.80 618.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 490.58 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 511.82 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.50 618.60 Td (evolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 92.24 606.60 Td (landscape ) Tj ET Q q 0 0 0 rg BT 133.31 606.60 Td (is ) Tj ET Q q 0 0 0 rg BT 141.62 606.60 Td (often ) Tj ET Q q 0 0 0 rg BT 163.82 606.60 Td (dif) Tj ET Q q 0 0 0 rg BT 174.74 606.60 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 199.99 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.08 606.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 260.50 606.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 297.68 606.60 Td (may ) Tj ET Q q 0 0 0 rg BT 316.55 606.60 Td (be ) Tj ET Q q 0 0 0 rg BT 327.63 606.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 362.59 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.90 606.60 Td (noncompliance. ) Tj ET Q q 0 0 0 rg BT 441.13 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 442.41 606.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 492.32 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 496.46 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.32 606.60 Td (future ) Tj ET Q q 0 0 0 rg BT 535.85 606.60 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.67 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 80.06 594.60 Td (complying ) Tj ET Q q 0 0 0 rg BT 125.89 594.60 Td (with ) Tj ET Q q 0 0 0 rg BT 146.73 594.60 Td (all ) Tj ET Q q 0 0 0 rg BT 159.78 594.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 181.17 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.67 594.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 246.16 594.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 290.31 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.15 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 317.53 594.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 362.25 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 371.98 594.60 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 412.24 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.74 594.60 Td (will ) Tj ET Q q 0 0 0 rg BT 448.35 594.60 Td (be ) Tj ET Q q 0 0 0 rg BT 460.85 594.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 504.46 594.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 552.50 594.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (several ) Tj ET Q q 0 0 0 rg BT 80.36 582.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 112.62 582.60 Td (including ) Tj ET Q q 0 0 0 rg BT 152.94 582.60 Td (future ) Tj ET Q q 0 0 0 rg BT 179.36 582.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 214.11 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.44 582.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 246.42 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.40 582.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 307.04 582.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 364.29 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.84 582.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 421.58 582.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 456.90 582.60 Td (that ) Tj ET Q q 0 0 0 rg BT 474.44 582.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 516.42 582.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.37 570.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 103.12 570.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 123.54 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.07 570.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 186.59 570.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 229.77 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.64 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 255.06 570.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.81 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.33 570.60 Td (future ) Tj ET Q q 0 0 0 rg BT 341.30 570.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 389.48 570.60 Td (therewith ) Tj ET Q q 0 0 0 rg BT 429.33 570.60 Td (will ) Tj ET Q q 0 0 0 rg BT 446.98 570.60 Td (not ) Tj ET Q q 0 0 0 rg BT 461.85 570.60 Td (have ) Tj ET Q q 0 0 0 rg BT 482.82 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 489.34 570.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 531.97 570.60 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 558.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 73.54 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 85.01 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.80 558.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 151.81 558.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.26 558.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 224.45 558.60 Td (results ) Tj ET Q q 0 0 0 rg BT 252.02 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.82 558.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 304.94 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 314.74 558.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.97 558.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 360.16 558.60 Td (although ) Tj ET Q q 0 0 0 rg BT 396.62 558.60 Td (such ) Tj ET Q q 0 0 0 rg BT 416.42 558.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 436.22 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.12 558.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 500.52 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.43 558.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 92.92 546.60 Td (could ) Tj ET Q q 0 0 0 rg BT 118.29 546.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 143.65 546.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 189.02 546.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 217.72 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 229.20 546.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 271.23 546.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 303.82 546.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 351.13 546.60 Td (which ) Tj ET Q q 0 0 0 rg BT 378.72 546.60 Td (may) Tj ET Q q 0 0 0 rg BT 395.29 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 400.95 546.60 Td (among ) Tj ET Q q 0 0 0 rg BT 431.32 546.60 Td (other ) Tj ET Q q 0 0 0 rg BT 455.02 546.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 485.12 546.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 510.48 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.97 546.60 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 534.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 116.70 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.64 534.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 153.91 534.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 178.63 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.91 534.60 Td (be ) Tj ET Q q 0 0 0 rg BT 200.85 534.60 Td (less ) Tj ET Q q 0 0 0 rg BT 218.35 534.60 Td (than ) Tj ET Q q 0 0 0 rg BT 238.06 534.60 Td (anticipated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.45 510.60 Td (following ) Tj ET Q q 0 0 0 rg BT 126.74 510.60 Td (sections ) Tj ET Q q 0 0 0 rg BT 161.36 510.60 Td (describe ) Tj ET Q q 0 0 0 rg BT 197.08 510.60 Td (some ) Tj ET Q q 0 0 0 rg BT 220.60 510.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 254.10 510.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 274.83 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 291.67 510.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 338.51 510.60 Td (that ) Tj ET Q q 0 0 0 rg BT 355.91 510.60 Td (may ) Tj ET Q q 0 0 0 rg BT 375.53 510.60 Td (af) Tj ET Q q 0 0 0 rg BT 383.12 510.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 400.51 510.60 Td (us.��) Tj ET Q q 0 0 0 rg BT 416.72 510.60 Td (W) Tj ET Q q 0 0 0 rg BT 425.36 510.60 Td (e ) Tj ET Q q 0 0 0 rg BT 432.20 510.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 461.26 510.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 491.43 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.05 510.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 524.57 510.60 Td (or ) Tj ET Q q 0 0 0 rg BT 535.30 510.60 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 498.60 Td (these ) Tj ET Q q 0 0 0 rg BT 83.38 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 94.21 498.60 Td (other ) Tj ET Q q 0 0 0 rg BT 117.25 498.60 Td (future ) Tj ET Q q 0 0 0 rg BT 143.63 498.60 Td (legislative ) Tj ET Q q 0 0 0 rg BT 187.23 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 198.06 498.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 241.65 498.60 Td (initiatives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 98.67 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.50 474.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 125.33 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.96 474.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 163.13 474.60 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 216.75 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.37 474.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 245.74 474.60 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.54 450.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 127.69 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 141.39 450.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.20 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.47 450.60 Td (various ) Tj ET Q q 0 0 0 rg BT 211.40 450.60 Td (types ) Tj ET Q q 0 0 0 rg BT 234.00 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.82 450.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 285.85 450.60 Td (at ) Tj ET Q q 0 0 0 rg BT 294.56 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.27 450.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 340.01 450.60 Td (state ) Tj ET Q q 0 0 0 rg BT 359.83 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.76 450.60 Td (local ) Tj ET Q q 0 0 0 rg BT 396.68 450.60 Td (levels.��Such ) Tj ET Q q 0 0 0 rg BT 449.00 450.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 491.03 450.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 525.85 450.60 Td (requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 81.68 438.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.52 438.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 127.15 438.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 153.22 438.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 203.17 438.60 Td (bonding ) Tj ET Q q 0 0 0 rg BT 238.13 438.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 292.51 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 302.47 438.60 Td (order ) Tj ET Q q 0 0 0 rg BT 325.75 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 335.72 438.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 354.56 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 365.08 438.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 396.68 438.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 419.97 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.59 438.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 479.32 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.72 438.60 Td (location ) Tj ET Q q 0 0 0 rg BT 528.11 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 538.63 438.60 Td (wells; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.46 426.60 Td (method ) Tj ET Q q 0 0 0 rg BT 97.19 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.26 426.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 140.45 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.63 426.60 Td (casing ) Tj ET Q q 0 0 0 rg BT 185.92 426.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 212.54 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.50 426.60 Td (surface ) Tj ET Q q 0 0 0 rg BT 259.11 426.60 Td (use ) Tj ET Q q 0 0 0 rg BT 275.18 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.36 426.60 Td (restoration ) Tj ET Q q 0 0 0 rg BT 337.86 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.93 426.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 391.66 426.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 414.40 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 441.58 426.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 465.43 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 480.38 426.60 Td (drilled; ) Tj ET Q q 0 0 0 rg BT 512.00 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 426.60 Td (plugging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.21 414.60 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 113.13 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.73 414.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 147.88 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.59 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.08 414.60 Td (composition ) Tj ET Q q 0 0 0 rg BT 227.79 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 237.39 414.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 271.43 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.03 414.60 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 322.28 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.99 414.60 Td (fluids ) Tj ET Q q 0 0 0 rg BT 362.04 414.60 Td (used ) Tj ET Q q 0 0 0 rg BT 381.63 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.68 414.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 435.82 414.60 Td (with ) Tj ET Q q 0 0 0 rg BT 454.87 414.60 Td (operations.��Our ) Tj ET Q q 0 0 0 rg BT 520.84 414.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.81 402.60 Td (also ) Tj ET Q q 0 0 0 rg BT 82.01 402.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.44 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.31 402.60 Td (various ) Tj ET Q q 0 0 0 rg BT 153.85 402.60 Td (conservation ) Tj ET Q q 0 0 0 rg BT 207.04 402.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 227.47 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.01 402.60 Td (regulations.��) Tj ET Q q 0 0 0 rg BT 295.76 402.60 Td (These ) Tj ET Q q 0 0 0 rg BT 321.74 402.60 Td (include ) Tj ET Q q 0 0 0 rg BT 353.27 402.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 395.91 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.34 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.65 402.60 Td (size ) Tj ET Q q 0 0 0 rg BT 438.30 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 448.73 402.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 482.77 402.60 Td (spacing ) Tj ET Q q 0 0 0 rg BT 515.42 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 525.84 402.60 Td (proration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (units ) Tj ET Q q 0 0 0 rg BT 70.86 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.21 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.34 390.60 Td (density ) Tj ET Q q 0 0 0 rg BT 132.13 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.37 390.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 165.39 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 182.30 390.60 Td (may ) Tj ET Q q 0 0 0 rg BT 201.43 390.60 Td (be ) Tj ET Q q 0 0 0 rg BT 212.77 390.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 240.79 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 250.48 390.60 Td (those ) Tj ET Q q 0 0 0 rg BT 273.50 390.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 297.36 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.71 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.83 390.60 Td (unitization ) Tj ET Q q 0 0 0 rg BT 372.51 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 382.75 390.60 Td (pooling ) Tj ET Q q 0 0 0 rg BT 415.22 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.46 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 437.93 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.28 390.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.52 390.60 Td (properties.��In ) Tj ET Q q 0 0 0 rg BT 527.24 390.60 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.11 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.41 378.60 Td (state ) Tj ET Q q 0 0 0 rg BT 118.60 378.60 Td (conservation ) Tj ET Q q 0 0 0 rg BT 172.55 378.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 196.24 378.60 Td (which ) Tj ET Q q 0 0 0 rg BT 223.54 378.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 261.40 378.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 304.81 378.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 326.55 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.74 378.60 Td (production ) Tj ET Q q 0 0 0 rg BT 383.92 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 406.22 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 419.64 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.94 378.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 453.13 378.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 479.60 378.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 519.66 378.60 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 554.18 378.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 79.70 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.35 366.60 Td (venting ) Tj ET Q q 0 0 0 rg BT 126.78 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.55 366.60 Td (flaring ) Tj ET Q q 0 0 0 rg BT 166.64 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.40 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 207.60 366.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.37 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.24 366.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 271.57 366.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 301.20 366.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 355.84 366.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 396.59 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.24 366.60 Td (ratability ) Tj ET Q q 0 0 0 rg BT 449.78 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.54 366.60 Td (production.��) Tj ET Q q 0 0 0 rg BT 511.19 366.60 Td (The ) Tj ET Q q 0 0 0 rg BT 529.17 366.60 Td (ef) Tj ET Q q 0 0 0 rg BT 536.76 366.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 554.18 366.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 354.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 93.38 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.33 354.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 157.26 354.60 Td (may ) Tj ET Q q 0 0 0 rg BT 176.99 354.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 198.38 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.10 354.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.60 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.43 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.50 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.44 354.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 316.71 354.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 332.54 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 346.70 354.60 Td (can ) Tj ET Q q 0 0 0 rg BT 363.08 354.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 397.79 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 419.74 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 435.57 354.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 459.18 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 476.13 354.60 Td (may ) Tj ET Q q 0 0 0 rg BT 495.85 354.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 517.24 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.96 354.60 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.56 342.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 82.40 342.60 Td (or ) Tj ET Q q 0 0 0 rg BT 92.45 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.40 342.60 Td (locations ) Tj ET Q q 0 0 0 rg BT 144.23 342.60 Td (at ) Tj ET Q q 0 0 0 rg BT 153.18 342.60 Td (which ) Tj ET Q q 0 0 0 rg BT 179.34 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 192.73 342.60 Td (can ) Tj ET Q q 0 0 0 rg BT 208.34 342.60 Td (drill.��Regulatory ) Tj ET Q q 0 0 0 rg BT 278.67 342.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 332.60 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 348.76 342.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 396.58 342.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 428.29 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.80 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.74 342.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 464.03 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.19 342.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 495.25 342.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 529.76 342.60 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 330.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 87.83 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 98.66 330.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 123.94 330.60 Td (business ) Tj ET Q q 0 0 0 rg BT 160.33 330.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 179.77 330.60 Td (consequently) Tj ET Q q 0 0 0 rg BT 231.88 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 236.88 330.60 Td (af) Tj ET Q q 0 0 0 rg BT 244.47 330.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 261.96 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.79 330.60 Td (profitability) Tj ET Q q 0 0 0 rg BT 324.91 330.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 84.76 306.60 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 133.93 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.76 306.60 Td (Sales ) Tj ET Q q 0 0 0 rg BT 168.93 306.60 Td (Prices ) Tj ET Q q 0 0 0 rg BT 197.53 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.97 306.60 Td (T) Tj ET Q q 0 0 0 rg BT 221.90 306.60 Td (ransportation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.56 282.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 143.61 282.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 156.95 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.90 282.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.62 282.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 225.57 282.60 Td (with ) Tj ET Q q 0 0 0 rg BT 245.85 282.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 276.68 282.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 289.47 282.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 319.75 282.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 335.59 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 345.88 282.60 Td (interstate ) Tj ET Q q 0 0 0 rg BT 385.04 282.60 Td (commerce ) Tj ET Q q 0 0 0 rg BT 429.19 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 443.91 282.60 Td (heavily ) Tj ET Q q 0 0 0 rg BT 475.85 282.60 Td (regulated ) Tj ET Q q 0 0 0 rg BT 515.57 282.60 Td (by ) Tj ET Q q 0 0 0 rg BT 528.08 282.60 Td (agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.87 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.12 270.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 93.94 270.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 123.73 270.60 Td (government ) Tj ET Q q 0 0 0 rg BT 173.54 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.01 270.60 Td (are ) Tj ET Q q 0 0 0 rg BT 204.26 270.60 Td (af) Tj ET Q q 0 0 0 rg BT 211.84 270.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 238.31 270.60 Td (by) Tj ET Q q 0 0 0 rg BT 247.66 270.60 Td (, ) Tj ET Q q 0 0 0 rg BT 252.19 270.60 Td (among ) Tj ET Q q 0 0 0 rg BT 281.45 270.60 Td (other ) Tj ET Q q 0 0 0 rg BT 304.03 270.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 333.02 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.27 270.60 Td (availability) Tj ET Q q 0 0 0 rg BT 391.61 270.60 Td (, ) Tj ET Q q 0 0 0 rg BT 396.15 270.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 420.40 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.88 270.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 455.02 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.39 270.60 Td (transportation.��Notably) Tj ET Q q 0 0 0 rg BT 560.00 270.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 258.60 Td (price ) Tj ET Q q 0 0 0 rg BT 88.03 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.64 258.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 131.02 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.52 258.60 Td (access ) Tj ET Q q 0 0 0 rg BT 171.22 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.16 258.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 217.54 258.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 276.25 258.60 Td (are ) Tj ET Q q 0 0 0 rg BT 291.62 258.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 323.11 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 334.05 258.60 Td (extensive ) Tj ET Q q 0 0 0 rg BT 374.98 258.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 395.93 258.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 426.85 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.46 258.60 Td (state ) Tj ET Q q 0 0 0 rg BT 465.95 258.60 Td (regulation.��) Tj ET Q q 0 0 0 rg BT 513.81 258.60 Td (The ) Tj ET Q q 0 0 0 rg BT 532.52 258.60 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.20 246.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 80.37 246.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 126.99 246.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 179.73 246.60 Td (\(�FERC�\) ) Tj ET Q q 0 0 0 rg BT 222.45 246.60 Td (is ) Tj ET Q q 0 0 0 rg BT 231.30 246.60 Td (continually ) Tj ET Q q 0 0 0 rg BT 278.47 246.60 Td (proposing ) Tj ET Q q 0 0 0 rg BT 320.65 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.26 246.60 Td (implementing ) Tj ET Q q 0 0 0 rg BT 394.99 246.60 Td (new ) Tj ET Q q 0 0 0 rg BT 413.83 246.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 441.55 246.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 479.83 246.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 501.45 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.06 246.60 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 234.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 86.85 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.06 234.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.82 234.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.14 234.60 Td (industry) Tj ET Q q 0 0 0 rg BT 178.27 234.60 Td (, ) Tj ET Q q 0 0 0 rg BT 182.76 234.60 Td (some ) Tj ET Q q 0 0 0 rg BT 205.87 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.19 234.60 Td (which ) Tj ET Q q 0 0 0 rg BT 242.63 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 261.84 234.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 302.15 234.60 Td (af) Tj ET Q q 0 0 0 rg BT 309.73 234.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 326.71 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.93 234.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 387.91 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.34 234.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 445.21 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.54 234.60 Td (interruptible ) Tj ET Q q 0 0 0 rg BT 506.96 234.60 Td (transportation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (service ) Tj ET Q q 0 0 0 rg BT 80.15 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 92.49 222.60 Td (interstate ) Tj ET Q q 0 0 0 rg BT 131.48 222.60 Td (pipelines.��) Tj ET Q q 0 0 0 rg BT 174.91 222.60 Td (While ) Tj ET Q q 0 0 0 rg BT 201.68 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 217.35 222.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 239.12 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.79 222.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 274.34 222.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 289.73 222.60 Td (condensate ) Tj ET Q q 0 0 0 rg BT 336.50 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.27 222.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 383.38 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 399.05 222.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 428.61 222.60 Td (are ) Tj ET Q q 0 0 0 rg BT 443.16 222.60 Td (not ) Tj ET Q q 0 0 0 rg BT 458.27 222.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 496.71 222.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 527.37 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 537.49 222.60 Td (FERC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 95.28 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 111.35 210.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 139.64 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 150.16 210.60 Td (transport ) Tj ET Q q 0 0 0 rg BT 188.44 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 205.62 210.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 222.24 210.60 Td (such ) Tj ET Q q 0 0 0 rg BT 243.31 210.60 Td (products ) Tj ET Q q 0 0 0 rg BT 280.49 210.60 Td (is ) Tj ET Q q 0 0 0 rg BT 289.90 210.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 333.73 210.60 Td (on ) Tj ET Q q 0 0 0 rg BT 346.47 210.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 376.41 210.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 415.25 210.60 Td (whose ) Tj ET Q q 0 0 0 rg BT 443.54 210.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 467.65 210.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 492.61 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 509.79 210.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 554.19 210.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (service ) Tj ET Q q 0 0 0 rg BT 81.62 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 97.63 198.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 129.75 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.33 198.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 170.14 198.60 Td (regulation.��) Tj ET Q q 0 0 0 rg BT 217.63 198.60 Td (Additional ) Tj ET Q q 0 0 0 rg BT 264.21 198.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 306.34 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.58 198.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 376.69 198.60 Td (that ) Tj ET Q q 0 0 0 rg BT 395.49 198.60 Td (might ) Tj ET Q q 0 0 0 rg BT 422.63 198.60 Td (af) Tj ET Q q 0 0 0 rg BT 430.22 198.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.00 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.02 198.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 496.58 198.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 513.72 198.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 550.30 198.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 95.65 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 117.92 186.60 Td (time ) Tj ET Q q 0 0 0 rg BT 138.53 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.14 186.60 Td (time ) Tj ET Q q 0 0 0 rg BT 169.75 186.60 Td (by ) Tj ET Q q 0 0 0 rg BT 182.59 186.60 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 225.14 186.60 Td (FERC, ) Tj ET Q q 0 0 0 rg BT 255.49 186.60 Td (state ) Tj ET Q q 0 0 0 rg BT 276.65 186.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 320.57 186.60 Td (bodies ) Tj ET Q q 0 0 0 rg BT 349.52 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.79 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.84 186.60 Td (courts, ) Tj ET Q q 0 0 0 rg BT 411.61 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.89 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 443.38 186.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 472.87 186.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 503.47 186.60 Td (when ) Tj ET Q q 0 0 0 rg BT 527.96 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 539.13 186.60 Td (if ) Tj ET Q q 0 0 0 rg BT 548.07 186.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 174.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 111.16 174.60 Td (or ) Tj ET Q q 0 0 0 rg BT 121.99 174.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 172.81 174.60 Td (might ) Tj ET Q q 0 0 0 rg BT 198.64 174.60 Td (become ) Tj ET Q q 0 0 0 rg BT 232.23 174.60 Td (ef) Tj ET Q q 0 0 0 rg BT 239.82 174.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 269.52 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.46 174.60 Td (their ) Tj ET Q q 0 0 0 rg BT 307.29 174.60 Td (ef) Tj ET Q q 0 0 0 rg BT 314.88 174.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 332.36 174.60 Td (or ) Tj ET Q q 0 0 0 rg BT 343.19 174.60 Td (impact, ) Tj ET Q q 0 0 0 rg BT 375.40 174.60 Td (if ) Tj ET Q q 0 0 0 rg BT 384.01 174.60 Td (any) Tj ET Q q 0 0 0 rg BT 397.80 174.60 Td (, ) Tj ET Q q 0 0 0 rg BT 402.80 174.60 Td (on ) Tj ET Q q 0 0 0 rg BT 415.30 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.13 174.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 84.76 150.60 Td (Energy ) Tj ET Q q 0 0 0 rg BT 118.37 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.00 150.60 Td (Climate ) Tj ET Q q 0 0 0 rg BT 173.37 150.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 208.66 150.60 Td (Legislation ) Tj ET Q q 0 0 0 rg BT 258.38 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.00 150.60 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 126.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.42 126.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 120.56 126.60 Td (Safety) Tj ET Q q 0 0 0 rg BT 145.46 126.60 Td (, ) Tj ET Q q 0 0 0 rg BT 150.33 126.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 197.13 126.60 Td (Certainty ) Tj ET Q q 0 0 0 rg BT 236.72 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 253.53 126.60 Td (Job ) Tj ET Q q 0 0 0 rg BT 269.79 126.60 Td (Creation ) Tj ET Q q 0 0 0 rg BT 306.07 126.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 322.88 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.58 126.60 Td (201) Tj ET Q q 0 0 0 rg BT 348.21 126.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 358.08 126.60 Td (among ) Tj ET Q q 0 0 0 rg BT 387.67 126.60 Td (other ) Tj ET Q q 0 0 0 rg BT 410.58 126.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 439.90 126.60 Td (updated ) Tj ET Q q 0 0 0 rg BT 473.93 126.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 504.05 126.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 538.63 126.60 Td (safety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (standards, ) Tj ET Q q 0 0 0 rg BT 92.42 114.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 132.83 114.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 171.03 114.60 Td (for ) Tj ET Q q 0 0 0 rg BT 185.34 114.60 Td (violations ) Tj ET Q q 0 0 0 rg BT 227.44 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.42 114.60 Td (such ) Tj ET Q q 0 0 0 rg BT 259.40 114.60 Td (standards, ) Tj ET Q q 0 0 0 rg BT 302.33 114.60 Td (gave ) Tj ET Q q 0 0 0 rg BT 323.86 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.73 114.60 Td (Department ) Tj ET Q q 0 0 0 rg BT 388.58 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.38 114.60 Td (T) Tj ET Q q 0 0 0 rg BT 405.13 114.60 Td (ransportation�) Tj ET Q q 0 0 0 rg BT 460.68 114.60 Td (s ) Tj ET Q q 0 0 0 rg BT 467.22 114.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 502.65 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.74 114.60 Td (Hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (Materials ) Tj ET Q q 0 0 0 rg BT 89.60 102.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 116.97 102.60 Td (Administration ) Tj ET Q q 0 0 0 rg BT 179.86 102.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 197.74 102.60 Td (�PHMSA�\) ) Tj ET Q q 0 0 0 rg BT 246.75 102.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 285.19 102.60 Td (for ) Tj ET Q q 0 0 0 rg BT 299.19 102.60 Td (new ) Tj ET Q q 0 0 0 rg BT 318.19 102.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 351.62 102.60 Td (prevention ) Tj ET Q q 0 0 0 rg BT 396.72 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.49 102.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 448.04 102.60 Td (notification, ) Tj ET Q q 0 0 0 rg BT 498.98 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 515.76 102.60 Td (directed ) Tj ET Q q 0 0 0 rg BT 550.30 102.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (PHMSA) Tj ET Q q 0 0 0 rg BT 83.41 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.49 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.36 90.60 Td (prescribe ) Tj ET Q q 0 0 0 rg BT 134.09 90.60 Td (new ) Tj ET Q q 0 0 0 rg BT 152.84 90.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 193.81 90.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 219.78 90.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 259.63 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 273.38 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 287.27 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.52 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 292.61 90.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 333.30 90.60 Td (which ) Tj ET Q q 0 0 0 rg BT 359.82 90.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 385.78 90.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 425.64 90.60 Td (could ) Tj ET Q q 0 0 0 rg BT 449.94 90.60 Td (af) Tj ET Q q 0 0 0 rg BT 457.53 90.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.60 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 490.02 90.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 533.76 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 90.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.30 78.60 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 105.92 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.52 78.60 Td (While ) Tj ET Q q 0 0 0 rg BT 135.75 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.77 78.60 Td (PHMSA) Tj ET Q q 0 0 0 rg BT 184.68 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.48 78.60 Td (has ) Tj ET Q q 0 0 0 rg BT 203.61 78.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 238.07 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 249.20 78.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 288.66 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.24 78.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 324.26 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 331.50 78.60 Td (number ) Tj ET Q q 0 0 0 rg BT 364.85 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 375.98 78.60 Td (new ) Tj ET Q q 0 0 0 rg BT 395.44 78.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 442.68 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 453.26 78.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 498.83 78.60 Td (this ) Tj ET Q q 0 0 0 rg BT 516.08 78.60 Td (act, ) Tj ET Q q 0 0 0 rg BT 533.04 78.60 Td (no ) Tj ET Q q 0 0 0 rg BT 545.84 78.60 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 90.89 66.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 117.27 66.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 157.54 66.60 Td (have ) Tj ET Q q 0 0 0 rg BT 178.91 66.60 Td (been ) Tj ET Q q 0 0 0 rg BT 200.29 66.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 239.45 66.60 Td (or ) Tj ET Q q 0 0 0 rg BT 250.28 66.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 284.44 66.60 Td (for ) Tj ET Q q 0 0 0 rg BT 298.60 66.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 312.49 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.74 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 318.24 66.60 Td (pipelines.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (Both ) Tj ET Q q 0 0 0 rg BT 89.19 714.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 119.19 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 135.88 714.60 Td (state ) Tj ET Q q 0 0 0 rg BT 156.45 714.60 Td (authorities ) Tj ET Q q 0 0 0 rg BT 200.90 714.60 Td (have ) Tj ET Q q 0 0 0 rg BT 222.03 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 232.05 714.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 258.72 714.60 Td (years ) Tj ET Q q 0 0 0 rg BT 282.06 714.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 320.97 714.60 Td (new ) Tj ET Q q 0 0 0 rg BT 339.87 714.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 386.55 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 396.57 714.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 417.71 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.17 714.60 Td (emission ) Tj ET Q q 0 0 0 rg BT 469.97 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.55 714.60 Td (pollutants, ) Tj ET Q q 0 0 0 rg BT 524.74 714.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 97.34 702.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 112.98 702.60 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 157.23 702.60 Td (as ) Tj ET Q q 0 0 0 rg BT 167.86 702.60 Td (part ) Tj ET Q q 0 0 0 rg BT 185.72 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.35 702.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 228.08 702.60 Td (change ) Tj ET Q q 0 0 0 rg BT 258.70 702.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 300.45 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.19 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.71 702.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 356.83 702.60 Td (Air ) Tj ET Q q 0 0 0 rg BT 371.96 702.60 Td (Act.� ) Tj ET Q q 0 0 0 rg BT 393.70 702.60 Td (For ) Tj ET Q q 0 0 0 rg BT 409.90 702.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 448.58 702.60 Td (both ) Tj ET Q q 0 0 0 rg BT 468.66 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 483.18 702.60 Td (EP) Tj ET Q q 0 0 0 rg BT 493.93 702.60 Td (A) Tj ET Q q 0 0 0 rg BT 500.60 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.91 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.65 702.60 Td (BLM ) Tj ET Q q 0 0 0 rg BT 543.62 702.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.87 690.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 125.68 690.60 Td (for ) Tj ET Q q 0 0 0 rg BT 140.71 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 156.30 690.60 Td (control ) Tj ET Q q 0 0 0 rg BT 188.00 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.70 690.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 236.95 690.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 279.77 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 302.58 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.17 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 332.10 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.91 690.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 366.62 690.60 Td (industry) Tj ET Q q 0 0 0 rg BT 398.75 690.60 Td (. ) Tj ET Q q 0 0 0 rg BT 404.62 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 407.75 690.60 Td (The ) Tj ET Q q 0 0 0 rg BT 426.67 690.60 Td (EP) Tj ET Q q 0 0 0 rg BT 437.42 690.60 Td (A) Tj ET Q q 0 0 0 rg BT 444.09 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.46 690.60 Td (has ) Tj ET Q q 0 0 0 rg BT 464.17 690.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 518.08 690.60 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 88.86 678.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 133.22 678.60 Td (for ) Tj ET Q q 0 0 0 rg BT 147.58 678.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 177.48 678.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 210.18 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.21 678.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 269.45 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.48 678.60 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 330.13 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.27 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 357.75 678.60 Td (May ) Tj ET Q q 0 0 0 rg BT 378.78 678.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 403.98 678.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 457.23 678.60 Td (final ) Tj ET Q q 0 0 0 rg BT 478.25 678.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 525.39 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 535.87 678.60 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 86.04 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.16 666.60 Td (volatile ) Tj ET Q q 0 0 0 rg BT 135.82 666.60 Td (or) Tj ET Q q 0 0 0 rg BT 143.97 666.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 168.29 666.60 Td (compound ) Tj ET Q q 0 0 0 rg BT 213.18 666.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 255.30 666.60 Td (from ) Tj ET Q q 0 0 0 rg BT 277.42 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.30 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 305.53 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 322.64 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 338.65 666.60 Td (sector) Tj ET Q q 0 0 0 rg BT 361.97 666.60 Td (. ) Tj ET Q q 0 0 0 rg BT 367.14 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 369.82 666.60 Td (In ) Tj ET Q q 0 0 0 rg BT 380.82 666.60 Td (July ) Tj ET Q q 0 0 0 rg BT 400.16 666.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 425.33 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 432.44 666.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 462.87 666.60 Td (appeals ) Tj ET Q q 0 0 0 rg BT 495.53 666.60 Td (court ) Tj ET Q q 0 0 0 rg BT 518.75 666.60 Td (rejected ) Tj ET Q q 0 0 0 rg BT 553.06 666.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (attempt ) Tj ET Q q 0 0 0 rg BT 82.19 654.60 Td (by ) Tj ET Q q 0 0 0 rg BT 94.89 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.81 654.60 Td (EP) Tj ET Q q 0 0 0 rg BT 120.56 654.60 Td (A) Tj ET Q q 0 0 0 rg BT 127.23 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 129.93 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.41 654.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 164.76 654.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 230.23 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.26 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.17 654.60 Td (rule. ) Tj ET Q q 0 0 0 rg BT 276.92 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 279.62 654.60 Td (In ) Tj ET Q q 0 0 0 rg BT 290.65 654.60 Td (September ) Tj ET Q q 0 0 0 rg BT 336.12 654.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 361.32 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.23 654.60 Td (EP) Tj ET Q q 0 0 0 rg BT 386.99 654.60 Td (A) Tj ET Q q 0 0 0 rg BT 393.66 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 396.36 654.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 435.72 654.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 488.96 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.44 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.35 654.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 532.60 654.60 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 654.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (tar) Tj ET Q q 0 0 0 rg BT 59.87 642.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 83.70 642.60 Td (at ) Tj ET Q q 0 0 0 rg BT 93.09 642.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 130.26 642.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 173.53 642.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 227.91 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.52 642.60 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 296.69 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.09 642.60 Td (rule�) Tj ET Q q 0 0 0 rg BT 329.41 642.60 Td (s ) Tj ET Q q 0 0 0 rg BT 335.48 642.60 Td (implementation. ) Tj ET Q q 0 0 0 rg BT 402.92 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 405.10 642.60 Td (In ) Tj ET Q q 0 0 0 rg BT 415.61 642.60 Td (September ) Tj ET Q q 0 0 0 rg BT 460.55 642.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 485.23 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.62 642.60 Td (EP) Tj ET Q q 0 0 0 rg BT 510.37 642.60 Td (A) Tj ET Q q 0 0 0 rg BT 517.04 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 519.22 642.60 Td (also ) Tj ET Q q 0 0 0 rg BT 537.51 642.60 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 56.36 630.60 Td (notice ) Tj ET Q q 0 0 0 rg BT 83.21 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.96 630.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 133.04 630.60 Td (rulemaking ) Tj ET Q q 0 0 0 rg BT 181.00 630.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 200.91 630.60 Td (if ) Tj ET Q q 0 0 0 rg BT 209.44 630.60 Td (finalized, ) Tj ET Q q 0 0 0 rg BT 249.34 630.60 Td (would ) Tj ET Q q 0 0 0 rg BT 276.75 630.60 Td (remove ) Tj ET Q q 0 0 0 rg BT 309.16 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.79 630.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 360.08 630.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 393.60 630.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 440.45 630.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 476.75 630.60 Td (by ) Tj ET Q q 0 0 0 rg BT 489.17 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.81 630.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 526.23 630.60 Td (final ) Tj ET Q q 0 0 0 rg BT 546.97 630.60 Td (rule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.76 618.60 Td (remove ) Tj ET Q q 0 0 0 rg BT 99.56 618.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 129.59 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 152.95 618.60 Td (emission ) Tj ET Q q 0 0 0 rg BT 191.33 618.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 236.93 618.60 Td (placed ) Tj ET Q q 0 0 0 rg BT 265.84 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 278.66 618.60 Td (new ) Tj ET Q q 0 0 0 rg BT 298.14 618.60 Td (or ) Tj ET Q q 0 0 0 rg BT 309.29 618.60 Td (reconstructed ) Tj ET Q q 0 0 0 rg BT 365.97 618.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 419.35 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.61 618.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 468.30 618.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 508.05 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 510.87 618.60 Td (Enforcement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.38 606.60 Td (these ) Tj ET Q q 0 0 0 rg BT 85.48 606.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 133.47 606.60 Td (may ) Tj ET Q q 0 0 0 rg BT 154.24 606.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 186.68 606.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 230.22 606.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 253.77 606.60 Td (related ) Tj ET Q q 0 0 0 rg BT 284.52 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 295.85 606.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 345.50 606.60 Td (with ) Tj ET Q q 0 0 0 rg BT 366.83 606.60 Td (new ) Tj ET Q q 0 0 0 rg BT 387.04 606.60 Td (emission ) Tj ET Q q 0 0 0 rg BT 426.15 606.60 Td (limits, ) Tj ET Q q 0 0 0 rg BT 454.98 606.60 Td (as ) Tj ET Q q 0 0 0 rg BT 466.87 606.60 Td (well ) Tj ET Q q 0 0 0 rg BT 487.63 606.60 Td (as ) Tj ET Q q 0 0 0 rg BT 499.52 606.60 Td (inspections ) Tj ET Q q 0 0 0 rg BT 548.06 606.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 102.53 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.36 594.60 Td (several ) Tj ET Q q 0 0 0 rg BT 144.17 594.60 Td (types ) Tj ET Q q 0 0 0 rg BT 167.78 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.61 594.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 223.32 594.60 Td (used ) Tj ET Q q 0 0 0 rg BT 244.15 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.43 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 270.26 594.60 Td (operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 85.33 570.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.50 570.60 Td (Gathering ) Tj ET Q q 0 0 0 rg BT 150.89 570.60 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (State ) Tj ET Q q 0 0 0 rg BT 90.08 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 107.11 546.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 137.45 546.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 180.58 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 546.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 221.84 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 237.76 546.60 Td (gathering ) Tj ET Q q 0 0 0 rg BT 278.11 546.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 315.13 546.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 354.92 546.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 390.83 546.60 Td (various ) Tj ET Q q 0 0 0 rg BT 422.85 546.60 Td (safety) Tj ET Q q 0 0 0 rg BT 446.08 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 451.17 546.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 511.51 546.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 531.04 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 541.41 546.60 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 111.96 534.60 Td (nondiscriminatory-take ) Tj ET Q q 0 0 0 rg BT 208.59 534.60 Td (requirements.��) Tj ET Q q 0 0 0 rg BT 268.11 534.60 Td (W) Tj ET Q q 0 0 0 rg BT 277.15 534.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 291.03 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.57 534.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 342.65 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.75 534.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 406.50 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.27 534.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 465.35 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.00 534.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 508.09 534.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 524.74 534.60 Td (gathering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 71.35 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 82.10 522.60 Td (various ) Tj ET Q q 0 0 0 rg BT 114.50 522.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 142.19 522.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 172.92 522.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 189.21 522.60 Td (gathering ) Tj ET Q q 0 0 0 rg BT 229.94 522.60 Td (is ) Tj ET Q q 0 0 0 rg BT 239.58 522.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 279.75 522.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 310.47 522.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 354.53 522.60 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 389.71 522.60 Td (from ) Tj ET Q q 0 0 0 rg BT 412.11 522.60 Td (state ) Tj ET Q q 0 0 0 rg BT 433.41 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.81 522.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 481.53 522.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 525.59 522.60 Td (agencies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 510.60 Td (is ) Tj ET Q q 0 0 0 rg BT 85.61 510.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 110.88 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.16 510.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 158.09 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 168.37 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.09 510.60 Td (future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (Federal, ) Tj ET Q q 0 0 0 rg BT 87.26 486.60 Td (State ) Tj ET Q q 0 0 0 rg BT 111.42 486.60 Td (or) Tj ET Q q 0 0 0 rg BT 120.68 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.18 486.60 Td (Indian ) Tj ET Q q 0 0 0 rg BT 154.04 486.60 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.96 462.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 130.53 462.60 Td (on ) Tj ET Q q 0 0 0 rg BT 143.44 462.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 176.60 462.60 Td (state ) Tj ET Q q 0 0 0 rg BT 197.84 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 209.08 462.60 Td (Indian ) Tj ET Q q 0 0 0 rg BT 237.53 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 251.00 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.35 462.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 284.59 462.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 313.88 462.60 Td (especially ) Tj ET Q q 0 0 0 rg BT 356.77 462.60 Td (those ) Tj ET Q q 0 0 0 rg BT 380.79 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.47 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.60 462.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 435.62 462.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 477.42 462.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 508.37 462.60 Td (are ) Tj ET Q q 0 0 0 rg BT 523.49 462.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 462.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 90.52 450.60 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 139.03 450.60 Td (including ) Tj ET Q q 0 0 0 rg BT 178.38 450.60 Td (nondiscrimination ) Tj ET Q q 0 0 0 rg BT 252.73 450.60 Td (statutes. ) Tj ET Q q 0 0 0 rg BT 286.80 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 288.38 450.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 309.96 450.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 353.19 450.60 Td (must ) Tj ET Q q 0 0 0 rg BT 374.22 450.60 Td (be ) Tj ET Q q 0 0 0 rg BT 385.24 450.60 Td (conducted ) Tj ET Q q 0 0 0 rg BT 427.91 450.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 463.93 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.28 450.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.06 450.60 Td (on-site ) Tj ET Q q 0 0 0 rg BT 530.86 450.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 98.00 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.51 438.60 Td (other ) Tj ET Q q 0 0 0 rg BT 141.13 438.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 175.19 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.70 438.60 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 254.42 438.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 283.48 438.60 Td (by ) Tj ET Q q 0 0 0 rg BT 297.55 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.84 438.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 346.79 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 359.18 438.60 Td (Land ) Tj ET Q q 0 0 0 rg BT 383.80 438.60 Td (Management, ) Tj ET Q q 0 0 0 rg BT 442.57 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.86 438.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 491.80 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.20 438.60 Td (Ocean ) Tj ET Q q 0 0 0 rg BT 533.81 438.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 552.50 438.60 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (Management, ) Tj ET Q q 0 0 0 rg BT 107.43 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 426.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 154.99 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.55 426.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 195.33 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 213.00 426.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 275.66 426.60 Td (Enforcement, ) Tj ET Q q 0 0 0 rg BT 333.03 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.48 426.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 380.59 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 392.15 426.60 Td (Indian ) Tj ET Q q 0 0 0 rg BT 420.22 426.60 Td (Af) Tj ET Q q 0 0 0 rg BT 430.59 426.60 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 454.09 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 471.76 426.60 Td (other ) Tj ET Q q 0 0 0 rg BT 495.53 426.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 526.52 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.19 426.60 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (stakeholder ) Tj ET Q q 0 0 0 rg BT 98.09 414.60 Td (agencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 390.60 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 390.60 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 366.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.25 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 98.01 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.65 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 144.62 366.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 160.15 366.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 208.17 366.60 Td (saltwater ) Tj ET Q q 0 0 0 rg BT 246.47 366.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 281.45 366.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 327.80 366.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 365.00 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 375.53 366.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 389.42 365.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.67 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 397.37 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 414.01 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.43 366.60 Td (processing, ) Tj ET Q q 0 0 0 rg BT 475.90 366.60 Td (handling ) Tj ET Q q 0 0 0 rg BT 513.09 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 529.73 366.60 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.68 354.60 Td (materials ) Tj ET Q q 0 0 0 rg BT 98.18 354.60 Td (such ) Tj ET Q q 0 0 0 rg BT 118.37 354.60 Td (as ) Tj ET Q q 0 0 0 rg BT 128.55 354.60 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 184.83 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.12 354.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 238.51 354.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 278.68 354.60 Td (radioactive ) Tj ET Q q 0 0 0 rg BT 324.95 354.60 Td (materials ) Tj ET Q q 0 0 0 rg BT 363.46 354.60 Td (\(�NORM�\) ) Tj ET Q q 0 0 0 rg BT 410.85 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 424.91 354.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 455.09 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 464.72 354.60 Td (stringent ) Tj ET Q q 0 0 0 rg BT 501.56 354.60 Td (regulation.��) Tj ET Q q 0 0 0 rg BT 549.42 354.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 354.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.26 342.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 97.34 342.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 142.09 342.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 167.13 342.60 Td (including ) Tj ET Q q 0 0 0 rg BT 207.44 342.60 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 241.08 342.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.62 342.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 301.15 342.60 Td (from ) Tj ET Q q 0 0 0 rg BT 323.13 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 330.11 342.60 Td (release ) Tj ET Q q 0 0 0 rg BT 360.40 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.27 342.60 Td (product, ) Tj ET Q q 0 0 0 rg BT 406.85 342.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 452.16 342.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 480.80 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 495.00 342.60 Td (property ) Tj ET Q q 0 0 0 rg BT 531.41 342.60 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.10 330.60 Td (personal ) Tj ET Q q 0 0 0 rg BT 104.14 330.60 Td (injuries, ) Tj ET Q q 0 0 0 rg BT 139.80 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 151.29 330.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 189.99 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.59 330.60 Td (other ) Tj ET Q q 0 0 0 rg BT 231.30 330.60 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 271.68 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 283.17 330.60 Td (a ) Tj ET Q q 0 0 0 rg BT 290.77 330.60 Td (result ) Tj ET Q q 0 0 0 rg BT 316.15 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.64 330.60 Td (any ) Tj ET Q q 0 0 0 rg BT 345.24 330.60 Td (violations ) Tj ET Q q 0 0 0 rg BT 387.84 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 399.34 330.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 439.71 330.60 Td (under ) Tj ET Q q 0 0 0 rg BT 465.65 330.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 526.57 330.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 330.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.43 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 105.26 318.60 Td (other ) Tj ET Q q 0 0 0 rg BT 127.31 318.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 147.14 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.07 318.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 209.01 318.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 251.59 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 260.87 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 275.70 318.60 Td (operations.��Changes ) Tj ET Q q 0 0 0 rg BT 360.79 318.60 Td (in, ) Tj ET Q q 0 0 0 rg BT 372.57 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 382.40 318.60 Td (more ) Tj ET Q q 0 0 0 rg BT 404.45 318.60 Td (stringent ) Tj ET Q q 0 0 0 rg BT 440.94 318.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 492.41 318.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 504.74 318.60 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.09 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 86.78 306.60 Td (other ) Tj ET Q q 0 0 0 rg BT 109.59 306.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 130.17 306.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 173.52 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 183.56 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 199.14 306.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.06 306.60 Td (could ) Tj ET Q q 0 0 0 rg BT 267.53 306.60 Td (also ) Tj ET Q q 0 0 0 rg BT 285.90 306.60 Td (result ) Tj ET Q q 0 0 0 rg BT 310.37 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 320.41 306.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 348.21 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 358.80 306.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 401.05 306.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.07 306.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 463.32 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.02 306.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.93 306.60 Td (expenditures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.60 Td (V) Tj ET Q q 0 0 0 rg BT 73.61 282.60 Td (arious ) Tj ET Q q 0 0 0 rg BT 100.26 282.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 132.72 282.60 Td (state ) Tj ET Q q 0 0 0 rg BT 153.26 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 169.91 282.60 Td (local ) Tj ET Q q 0 0 0 rg BT 191.55 282.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 212.09 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.74 282.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 275.38 282.60 Td (controlling ) Tj ET Q q 0 0 0 rg BT 321.47 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.90 282.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 364.59 282.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 376.24 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.78 282.60 Td (materials ) Tj ET Q q 0 0 0 rg BT 425.64 282.60 Td (into ) Tj ET Q q 0 0 0 rg BT 443.41 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.83 282.60 Td (environment, ) Tj ET Q q 0 0 0 rg BT 513.09 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 523.63 282.60 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 83.30 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.34 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.82 270.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 153.63 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.22 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.70 270.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 234.50 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 270.60 Td (human ) Tj ET Q q 0 0 0 rg BT 282.68 270.60 Td (health, ) Tj ET Q q 0 0 0 rg BT 312.87 270.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 346.68 270.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 377.15 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 393.74 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 407.56 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.26 270.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 441.85 270.60 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 493.16 270.60 Td (development ) Tj ET Q q 0 0 0 rg BT 548.07 270.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (production ) Tj ET Q q 0 0 0 rg BT 96.05 258.60 Td (operations.��) Tj ET Q q 0 0 0 rg BT 145.03 258.60 Td (These ) Tj ET Q q 0 0 0 rg BT 172.13 258.60 Td (include, ) Tj ET Q q 0 0 0 rg BT 207.29 258.60 Td (among ) Tj ET Q q 0 0 0 rg BT 237.74 258.60 Td (others, ) Tj ET Q q 0 0 0 rg BT 267.90 258.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 282.79 258.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 330.45 258.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 365.33 258.60 Td (by ) Tj ET Q q 0 0 0 rg BT 378.56 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.01 258.60 Td (EP) Tj ET Q q 0 0 0 rg BT 404.76 258.60 Td (A) Tj ET Q q 0 0 0 rg BT 411.43 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 414.66 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.32 258.60 Td (various ) Tj ET Q q 0 0 0 rg BT 464.99 258.60 Td (state ) Tj ET Q q 0 0 0 rg BT 486.54 258.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 524.19 258.60 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 89.21 246.60 Td (methods ) Tj ET Q q 0 0 0 rg BT 125.61 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.44 246.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 171.73 246.60 Td (for ) Tj ET Q q 0 0 0 rg BT 185.89 246.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 215.60 246.60 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 258.65 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.59 246.60 Td (nonhazardous ) Tj ET Q q 0 0 0 rg BT 333.63 246.60 Td (wastes; ) Tj ET Q q 0 0 0 rg BT 365.58 246.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 379.75 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.47 246.60 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 459.74 246.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 521.67 246.60 Td (Response, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 112.00 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 128.66 234.60 Td (Liability ) Tj ET Q q 0 0 0 rg BT 164.83 234.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 181.49 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.15 234.60 Td (analogous ) Tj ET Q q 0 0 0 rg BT 240.92 234.60 Td (state ) Tj ET Q q 0 0 0 rg BT 261.47 234.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 282.02 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 299.24 234.60 Td (regulate ) Tj ET Q q 0 0 0 rg BT 333.67 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.11 234.60 Td (removal ) Tj ET Q q 0 0 0 rg BT 383.09 234.60 Td (or ) Tj ET Q q 0 0 0 rg BT 393.65 234.60 Td (remediation ) Tj ET Q q 0 0 0 rg BT 443.63 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.18 234.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 498.62 234.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 535.85 234.60 Td (wastes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 95.49 222.60 Td (wastes ) Tj ET Q q 0 0 0 rg BT 127.04 222.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 166.92 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.14 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 193.35 222.60 Td (released ) Tj ET Q q 0 0 0 rg BT 231.00 222.60 Td (by ) Tj ET Q q 0 0 0 rg BT 245.88 222.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 270.21 222.60 Td (owners ) Tj ET Q q 0 0 0 rg BT 303.97 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 317.19 222.60 Td (operators\), ) Tj ET Q q 0 0 0 rg BT 365.11 222.60 Td (property ) Tj ET Q q 0 0 0 rg BT 403.88 222.60 Td (contamination ) Tj ET Q q 0 0 0 rg BT 465.97 222.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 511.96 222.60 Td (groundwater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (contamination\), ) Tj ET Q q 0 0 0 rg BT 114.52 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.95 210.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 167.92 210.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 205.46 210.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.10 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.87 210.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 290.84 210.60 Td (future ) Tj ET Q q 0 0 0 rg BT 316.71 210.60 Td (contamination; ) Tj ET Q q 0 0 0 rg BT 378.68 210.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 392.33 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.53 210.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 431.41 210.60 Td (Air ) Tj ET Q q 0 0 0 rg BT 446.28 210.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 462.71 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.14 210.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 527.76 210.60 Td (state ) Tj ET Q q 0 0 0 rg BT 548.08 210.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (local ) Tj ET Q q 0 0 0 rg BT 72.55 198.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 128.37 198.60 Td (already ) Tj ET Q q 0 0 0 rg BT 161.41 198.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 206.12 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.51 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 234.46 198.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 279.73 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.79 198.60 Td (new ) Tj ET Q q 0 0 0 rg BT 318.07 198.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 366.12 198.60 Td (on ) Tj ET Q q 0 0 0 rg BT 379.73 198.60 Td (air ) Tj ET Q q 0 0 0 rg BT 393.90 198.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 436.96 198.60 Td (from ) Tj ET Q q 0 0 0 rg BT 460.02 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.97 198.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 524.74 198.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 97.56 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 113.42 186.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 155.39 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.35 186.60 Td (those ) Tj ET Q q 0 0 0 rg BT 195.98 186.60 Td (that ) Tj ET Q q 0 0 0 rg BT 213.50 186.60 Td (could ) Tj ET Q q 0 0 0 rg BT 238.25 186.60 Td (discourage ) Tj ET Q q 0 0 0 rg BT 284.08 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.83 186.60 Td (production ) Tj ET Q q 0 0 0 rg BT 344.68 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.53 186.60 Td (fossil ) Tj ET Q q 0 0 0 rg BT 379.72 186.60 Td (fuels ) Tj ET Q q 0 0 0 rg BT 401.69 186.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 421.71 186.60 Td (when ) Tj ET Q q 0 0 0 rg BT 445.89 186.60 Td (used, ) Tj ET Q q 0 0 0 rg BT 469.25 186.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 512.32 186.60 Td (release ) Tj ET Q q 0 0 0 rg BT 542.60 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 556.49 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.74 186.60 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 63.48 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.02 174.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 103.50 174.60 Td (W) Tj ET Q q 0 0 0 rg BT 112.14 174.60 Td (ater ) Tj ET Q q 0 0 0 rg BT 128.94 174.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 145.70 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.46 174.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 211.42 174.60 Td (state ) Tj ET Q q 0 0 0 rg BT 232.07 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.83 174.60 Td (local ) Tj ET Q q 0 0 0 rg BT 270.59 174.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 325.12 174.60 Td (already ) Tj ET Q q 0 0 0 rg BT 356.86 174.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 400.28 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.38 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.03 174.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 470.01 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.77 174.60 Td (new ) Tj ET Q q 0 0 0 rg BT 505.75 174.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 552.51 174.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (wastewater ) Tj ET Q q 0 0 0 rg BT 97.01 162.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 125.70 162.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 141.57 162.60 Td (from ) Tj ET Q q 0 0 0 rg BT 163.54 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 179.40 162.60 Td (operations; ) Tj ET Q q 0 0 0 rg BT 226.36 162.60 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 240.55 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.30 162.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 270.61 162.60 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 309.26 162.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 326.23 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.09 162.60 Td (1990, ) Tj ET Q q 0 0 0 rg BT 362.13 162.60 Td (which ) Tj ET Q q 0 0 0 rg BT 389.10 162.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 424.95 162.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 466.92 162.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 521.66 162.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.73 162.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.53 150.60 Td (prevention ) Tj ET Q q 0 0 0 rg BT 110.11 150.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 123.75 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.00 150.60 Td (response ) Tj ET Q q 0 0 0 rg BT 178.80 150.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 191.89 150.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 205.26 150.60 Td (spills ) Tj ET Q q 0 0 0 rg BT 229.19 150.60 Td (into ) Tj ET Q q 0 0 0 rg BT 247.56 150.60 Td (waters ) Tj ET Q q 0 0 0 rg BT 276.47 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.62 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.64 150.60 Td (United ) Tj ET Q q 0 0 0 rg BT 332.67 150.60 Td (States; ) Tj ET Q q 0 0 0 rg BT 362.15 150.60 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 376.62 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 391.65 150.60 Td (Resource ) Tj ET Q q 0 0 0 rg BT 431.67 150.60 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 487.81 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.06 150.60 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 545.57 150.60 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (which ) Tj ET Q q 0 0 0 rg BT 75.64 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 84.02 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.94 138.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 135.18 138.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 164.64 138.60 Td (statute ) Tj ET Q q 0 0 0 rg BT 192.45 138.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 234.70 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.62 138.60 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 290.58 138.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 321.17 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.31 138.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 371.79 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.82 138.60 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 424.07 138.60 Td (wastes; ) Tj ET Q q 0 0 0 rg BT 455.21 138.60 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 468.57 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.49 138.60 Td (Endangered ) Tj ET Q q 0 0 0 rg BT 531.95 138.60 Td (Species ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 65.86 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 82.22 126.60 Td (counterpart ) Tj ET Q q 0 0 0 rg BT 129.67 126.60 Td (state ) Tj ET Q q 0 0 0 rg BT 149.92 126.60 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 196.00 126.60 Td (which ) Tj ET Q q 0 0 0 rg BT 222.36 126.60 Td (protects ) Tj ET Q q 0 0 0 rg BT 255.93 126.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 285.05 126.60 Td (species ) Tj ET Q q 0 0 0 rg BT 315.85 126.60 Td (\(and ) Tj ET Q q 0 0 0 rg BT 335.54 126.60 Td (their ) Tj ET Q q 0 0 0 rg BT 355.79 126.60 Td (related ) Tj ET Q q 0 0 0 rg BT 384.91 126.60 Td (habitats\), ) Tj ET Q q 0 0 0 rg BT 423.76 126.60 Td (including ) Tj ET Q q 0 0 0 rg BT 463.46 126.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 492.58 126.60 Td (species ) Tj ET Q q 0 0 0 rg BT 523.38 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 540.29 126.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 114.60 Td (present ) Tj ET Q q 0 0 0 rg BT 93.82 114.60 Td (on ) Tj ET Q q 0 0 0 rg BT 106.82 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 123.15 114.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 152.52 114.60 Td (as ) Tj ET Q q 0 0 0 rg BT 163.86 114.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 208.50 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 219.83 114.60 Td (endangered; ) Tj ET Q q 0 0 0 rg BT 271.69 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.13 114.60 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 303.79 114.60 Td (state ) Tj ET Q q 0 0 0 rg BT 325.12 114.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 372.55 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 389.99 114.60 Td (statutes ) Tj ET Q q 0 0 0 rg BT 422.98 114.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 466.53 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.75 114.60 Td (handling, ) Tj ET Q q 0 0 0 rg BT 522.24 114.60 Td (treatment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 80.88 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.82 102.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 133.09 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 143.92 102.60 Td (NORM ) Tj ET Q q 0 0 0 rg BT 176.43 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.37 102.60 Td (other ) Tj ET Q q 0 0 0 rg BT 216.41 102.60 Td (wastes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.72 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.83 78.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 122.83 78.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 164.61 78.60 Td (Region, ) Tj ET Q q 0 0 0 rg BT 198.89 78.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 229.54 78.60 Td (agencies�) Tj ET Q q 0 0 0 rg BT 266.55 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 269.45 78.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 300.66 78.60 Td (based ) Tj ET Q q 0 0 0 rg BT 326.33 78.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 349.22 78.60 Td (their ) Tj ET Q q 0 0 0 rg BT 370.44 78.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 431.09 78.60 Td (review ) Tj ET Q q 0 0 0 rg BT 461.19 78.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 524.63 78.60 Td (under ) Tj ET Q q 0 0 0 rg BT 550.30 78.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (National ) Tj ET Q q 0 0 0 rg BT 86.98 66.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 149.46 66.60 Td (Policy ) Tj ET Q q 0 0 0 rg BT 177.40 66.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 194.89 66.60 Td (can ) Tj ET Q q 0 0 0 rg BT 211.81 66.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 264.86 66.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 295.12 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.39 66.60 Td (scope ) Tj ET Q q 0 0 0 rg BT 336.21 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.69 66.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 382.86 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.24 66.60 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 447.83 66.60 Td (development ) Tj ET Q q 0 0 0 rg BT 502.53 66.60 Td (by ) Tj ET Q q 0 0 0 rg BT 515.58 66.60 Td (slowing ) Tj ET Q q 0 0 0 rg BT 550.30 66.60 Td (the ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.18 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 89.08 726.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 132.21 726.60 Td (applications ) Tj ET Q q 0 0 0 rg BT 183.10 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 197.33 726.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 229.90 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.24 726.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 259.48 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.49 726.60 Td (requests ) Tj ET Q q 0 0 0 rg BT 311.83 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 326.06 726.60 Td (rights-of-way) Tj ET Q q 0 0 0 rg BT 379.84 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 384.91 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.92 726.60 Td (delaying ) Tj ET Q q 0 0 0 rg BT 438.92 726.60 Td (lar) Tj ET Q q 0 0 0 rg BT 449.29 726.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 461.30 726.60 Td (scale ) Tj ET Q q 0 0 0 rg BT 483.86 726.60 Td (planning ) Tj ET Q q 0 0 0 rg BT 521.42 726.60 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 714.60 Td (region-level ) Tj ET Q q 0 0 0 rg BT 120.59 714.60 Td (resource ) Tj ET Q q 0 0 0 rg BT 156.96 714.60 Td (management ) Tj ET Q q 0 0 0 rg BT 210.54 714.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 234.15 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.09 714.60 Td (project-level ) Tj ET Q q 0 0 0 rg BT 304.12 714.60 Td (master ) Tj ET Q q 0 0 0 rg BT 333.27 714.60 Td (development ) Tj ET Q q 0 0 0 rg BT 387.42 714.60 Td (plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 123.80 690.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 160.66 690.60 Td (that ) Tj ET Q q 0 0 0 rg BT 179.76 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 195.52 690.60 Td (are ) Tj ET Q q 0 0 0 rg BT 211.82 690.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 252.01 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 263.89 690.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 310.76 690.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 360.95 690.60 Td (with ) Tj ET Q q 0 0 0 rg BT 382.83 690.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 418.59 690.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 463.78 690.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 525.64 690.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 690.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 99.62 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 117.25 678.60 Td (does ) Tj ET Q q 0 0 0 rg BT 138.77 678.60 Td (not ) Tj ET Q q 0 0 0 rg BT 154.73 678.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 194.02 678.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 236.07 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 254.26 678.60 Td (future ) Tj ET Q q 0 0 0 rg BT 281.32 678.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 330.60 678.60 Td (will ) Tj ET Q q 0 0 0 rg BT 349.34 678.60 Td (have ) Tj ET Q q 0 0 0 rg BT 371.41 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 379.04 678.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 422.76 678.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 456.49 678.60 Td (ef) Tj ET Q q 0 0 0 rg BT 464.08 678.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 482.25 678.60 Td (on ) Tj ET Q q 0 0 0 rg BT 495.44 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 678.60 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.72 666.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 123.69 666.60 Td (results ) Tj ET Q q 0 0 0 rg BT 152.05 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.62 666.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.52 666.60 Td (or ) Tj ET Q q 0 0 0 rg BT 217.09 666.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.10 666.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 264.07 666.60 Td (although ) Tj ET Q q 0 0 0 rg BT 301.31 666.60 Td (such ) Tj ET Q q 0 0 0 rg BT 321.88 666.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 342.46 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.14 666.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 408.32 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.00 666.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 473.33 666.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 515.84 666.60 Td (could ) Tj ET Q q 0 0 0 rg BT 540.30 666.60 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.11 654.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 122.05 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.78 654.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 174.06 654.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 205.89 654.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 252.44 654.60 Td (which ) Tj ET Q q 0 0 0 rg BT 279.28 654.60 Td (may) Tj ET Q q 0 0 0 rg BT 295.84 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 300.74 654.60 Td (among ) Tj ET Q q 0 0 0 rg BT 330.35 654.60 Td (other ) Tj ET Q q 0 0 0 rg BT 353.30 654.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 382.64 654.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 407.25 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 422.98 654.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 460.91 654.60 Td (production ) Tj ET Q q 0 0 0 rg BT 506.63 654.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 527.90 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.74 654.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.22 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.50 642.60 Td (be ) Tj ET Q q 0 0 0 rg BT 96.44 642.60 Td (less ) Tj ET Q q 0 0 0 rg BT 113.94 642.60 Td (than ) Tj ET Q q 0 0 0 rg BT 133.66 642.60 Td (anticipated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (Hydraulic ) Tj ET Q q 0 0 0 rg BT 95.33 618.60 Td (Fracturing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.90 594.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.90 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 124.47 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 139.20 594.60 Td (fracture ) Tj ET Q q 0 0 0 rg BT 173.36 594.60 Td (stimulated ) Tj ET Q q 0 0 0 rg BT 218.09 594.60 Td (seven ) Tj ET Q q 0 0 0 rg BT 243.93 594.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 270.61 594.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 310.89 594.60 Td (at ) Tj ET Q q 0 0 0 rg BT 321.18 594.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 340.92 594.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 367.87 594.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 391.49 594.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 427.90 594.60 Td (water) Tj ET Q q 0 0 0 rg BT 449.90 594.60 Td (-based ) Tj ET Q q 0 0 0 rg BT 479.07 594.60 Td (fluids. ) Tj ET Q q 0 0 0 rg BT 507.42 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 510.27 594.60 Td (W) Tj ET Q q 0 0 0 rg BT 518.91 594.60 Td (e ) Tj ET Q q 0 0 0 rg BT 526.42 594.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (have ) Tj ET Q q 0 0 0 rg BT 71.13 582.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 94.99 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 105.52 582.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 151.04 582.60 Td (hydraulically ) Tj ET Q q 0 0 0 rg BT 206.56 582.60 Td (fracture ) Tj ET Q q 0 0 0 rg BT 240.39 582.60 Td (up ) Tj ET Q q 0 0 0 rg BT 253.15 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 263.68 582.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 278.65 582.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 302.51 582.60 Td (during ) Tj ET Q q 0 0 0 rg BT 331.37 582.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 356.62 582.60 Td (consisting ) Tj ET Q q 0 0 0 rg BT 399.93 582.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.90 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.98 582.60 Td (small ) Tj ET Q q 0 0 0 rg BT 475.40 582.60 Td (skin ) Tj ET Q q 0 0 0 rg BT 494.82 582.60 Td (fractures ) Tj ET Q q 0 0 0 rg BT 532.55 582.60 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 582.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 82.24 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.77 570.60 Td (remove ) Tj ET Q q 0 0 0 rg BT 125.50 570.60 Td (contaminants ) Tj ET Q q 0 0 0 rg BT 181.57 570.60 Td (caused ) Tj ET Q q 0 0 0 rg BT 211.53 570.60 Td (by ) Tj ET Q q 0 0 0 rg BT 224.28 570.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 256.47 570.60 Td (muds ) Tj ET Q q 0 0 0 rg BT 280.89 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.07 570.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 333.58 570.60 Td (permeability ) Tj ET Q q 0 0 0 rg BT 386.86 570.60 Td (near ) Tj ET Q q 0 0 0 rg BT 406.82 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.79 570.60 Td (wellbore. ) Tj ET Q q 0 0 0 rg BT 462.02 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 464.57 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 473.21 570.60 Td (e ) Tj ET Q q 0 0 0 rg BT 480.40 570.60 Td (are ) Tj ET Q q 0 0 0 rg BT 495.35 570.60 Td (familiar ) Tj ET Q q 0 0 0 rg BT 529.75 570.60 Td (with ) Tj ET Q q 0 0 0 rg BT 550.28 570.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.33 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.27 558.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 134.20 558.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 177.79 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.07 558.60 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 228.33 558.60 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 270.26 558.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 314.41 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.35 558.60 Td (take ) Tj ET Q q 0 0 0 rg BT 350.51 558.60 Td (steps ) Tj ET Q q 0 0 0 rg BT 373.01 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.28 558.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 411.88 558.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 460.47 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 480.75 558.60 Td (these ) Tj ET Q q 0 0 0 rg BT 503.80 558.60 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (NON-GAAP) Tj ET Q q 0 0 0 rg BT 102.83 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 105.33 534.60 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 161.45 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 163.95 534.60 Td (MEASURES ) Tj ET Q q 0 0 0 rg BT 221.46 534.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 245.63 534.60 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 309.90 534.60 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 113.10 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.93 510.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 183.67 510.60 Td (Measur) Tj ET Q q 0 0 0 rg BT 216.25 510.60 Td (e ) Tj ET Q q 0 0 0 rg BT 223.19 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 234.02 510.60 Td (PV) Tj ET Q q 0 0 0 rg BT 246.61 510.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 262.26 510.60 Td (V) Tj ET Q q 0 0 0 rg BT 268.56 510.60 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (PV) Tj ET Q q 0 0 0 rg BT 79.37 486.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 94.71 486.60 Td (V) Tj ET Q q 0 0 0 rg BT 100.82 486.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 119.65 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 128.49 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 135.10 486.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 180.28 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.45 486.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 217.94 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.55 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.39 486.60 Td (dif) Tj ET Q q 0 0 0 rg BT 254.32 486.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 279.80 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 301.41 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.80 486.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 370.17 486.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 406.77 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.72 486.60 Td (that ) Tj ET Q q 0 0 0 rg BT 433.88 486.60 Td (PV) Tj ET Q q 0 0 0 rg BT 445.75 486.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 461.09 486.60 Td (V) Tj ET Q q 0 0 0 rg BT 467.21 486.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 486.03 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.87 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 501.48 486.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 531.97 486.60 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.00 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 80.28 474.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 134.55 474.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 171.04 474.60 Td (is ) Tj ET Q q 0 0 0 rg BT 179.77 474.60 Td (an ) Tj ET Q q 0 0 0 rg BT 191.27 474.60 Td (after) Tj ET Q q 0 0 0 rg BT 209.39 474.60 Td (-tax ) Tj ET Q q 0 0 0 rg BT 227.00 474.60 Td (number) Tj ET Q q 0 0 0 rg BT 256.99 474.60 Td (.��) Tj ET Q q 0 0 0 rg BT 264.31 474.60 Td (The ) Tj ET Q q 0 0 0 rg BT 281.92 474.60 Td (information ) Tj ET Q q 0 0 0 rg BT 331.20 474.60 Td (used ) Tj ET Q q 0 0 0 rg BT 351.59 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 361.43 474.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 399.02 474.60 Td (PV) Tj ET Q q 0 0 0 rg BT 410.89 474.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 426.13 474.60 Td (V) Tj ET Q q 0 0 0 rg BT 432.24 474.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 450.96 474.60 Td (is ) Tj ET Q q 0 0 0 rg BT 459.70 474.60 Td (derived ) Tj ET Q q 0 0 0 rg BT 491.74 474.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 524.35 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 545.85 474.60 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 98.87 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.04 462.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 160.38 462.60 Td (with ) Tj ET Q q 0 0 0 rg BT 182.55 462.60 Td (F) Tj ET Q q 0 0 0 rg BT 187.37 462.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 210.89 462.60 Td (T) Tj ET Q q 0 0 0 rg BT 216.30 462.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 237.91 462.60 Td (932.��) Tj ET Q q 0 0 0 rg BT 260.23 462.60 Td (W) Tj ET Q q 0 0 0 rg BT 268.87 462.60 Td (e ) Tj ET Q q 0 0 0 rg BT 277.69 462.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 310.95 462.60 Td (that ) Tj ET Q q 0 0 0 rg BT 330.34 462.60 Td (PV) Tj ET Q q 0 0 0 rg BT 342.20 462.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 359.60 462.60 Td (V) Tj ET Q q 0 0 0 rg BT 365.72 462.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 386.76 462.60 Td (is ) Tj ET Q q 0 0 0 rg BT 397.82 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 406.65 462.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 435.47 462.60 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 493.18 462.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 538.12 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 462.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 105.17 450.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 143.06 450.60 Td (because ) Tj ET Q q 0 0 0 rg BT 178.17 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.85 450.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 249.51 450.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 287.40 450.60 Td (can ) Tj ET Q q 0 0 0 rg BT 304.74 450.60 Td (be ) Tj ET Q q 0 0 0 rg BT 317.65 450.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 357.76 450.60 Td (by ) Tj ET Q q 0 0 0 rg BT 371.22 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 379.13 450.60 Td (company�) Tj ET Q q 0 0 0 rg BT 418.56 450.60 Td (s ) Tj ET Q q 0 0 0 rg BT 425.91 450.60 Td (unique ) Tj ET Q q 0 0 0 rg BT 456.59 450.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 472.27 450.60 Td (situation, ) Tj ET Q q 0 0 0 rg BT 512.68 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 530.58 450.60 Td (it ) Tj ET Q q 0 0 0 rg BT 539.60 450.60 Td (is ) Tj ET Q q 0 0 0 rg BT 549.74 450.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 86.69 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 97.23 438.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 135.53 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.52 438.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 205.49 438.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 242.68 438.60 Td (on ) Tj ET Q q 0 0 0 rg BT 255.45 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.66 438.60 Td (property-by-property ) Tj ET Q q 0 0 0 rg BT 349.84 438.60 Td (basis.��Because ) Tj ET Q q 0 0 0 rg BT 413.43 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.52 438.60 Td (this, ) Tj ET Q q 0 0 0 rg BT 444.24 438.60 Td (PV) Tj ET Q q 0 0 0 rg BT 456.11 438.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 472.00 438.60 Td (V) Tj ET Q q 0 0 0 rg BT 478.12 438.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 497.54 438.60 Td (is ) Tj ET Q q 0 0 0 rg BT 506.98 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 514.19 438.60 Td (widely ) Tj ET Q q 0 0 0 rg BT 544.17 438.60 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 84.63 426.60 Td (within ) Tj ET Q q 0 0 0 rg BT 112.01 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.04 426.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 160.64 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.90 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 185.38 426.60 Td (commonly ) Tj ET Q q 0 0 0 rg BT 229.97 426.60 Td (used ) Tj ET Q q 0 0 0 rg BT 250.12 426.60 Td (by ) Tj ET Q q 0 0 0 rg BT 261.94 426.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 301.52 426.60 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 338.06 426.60 Td (banks ) Tj ET Q q 0 0 0 rg BT 363.20 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 379.46 426.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 404.04 426.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 429.19 426.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 465.43 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.02 426.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 510.15 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 524.19 426.60 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (future ) Tj ET Q q 0 0 0 rg BT 77.15 414.60 Td (net ) Tj ET Q q 0 0 0 rg BT 93.13 414.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 114.67 414.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 140.66 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 163.87 414.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 195.40 414.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 231.93 414.60 Td (on ) Tj ET Q q 0 0 0 rg BT 245.70 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 253.91 414.60 Td (comparative ) Tj ET Q q 0 0 0 rg BT 307.09 414.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 330.86 414.60 Td (across ) Tj ET Q q 0 0 0 rg BT 359.62 414.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 406.15 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 418.25 414.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 453.11 414.60 Td (properties.��PV) Tj ET Q q 0 0 0 rg BT 512.46 414.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 529.29 414.60 Td (V) Tj ET Q q 0 0 0 rg BT 535.40 414.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 555.83 414.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (commonly ) Tj ET Q q 0 0 0 rg BT 94.88 402.60 Td (used ) Tj ET Q q 0 0 0 rg BT 115.81 402.60 Td (by ) Tj ET Q q 0 0 0 rg BT 128.42 402.60 Td (us ) Tj ET Q q 0 0 0 rg BT 139.91 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 156.95 402.60 Td (others ) Tj ET Q q 0 0 0 rg BT 184.00 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 194.38 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 210.31 402.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 245.69 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.08 402.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 291.99 402.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 334.58 402.60 Td (that ) Tj ET Q q 0 0 0 rg BT 352.18 402.60 Td (are ) Tj ET Q q 0 0 0 rg BT 366.99 402.60 Td (bought ) Tj ET Q q 0 0 0 rg BT 397.37 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 414.42 402.60 Td (sold, ) Tj ET Q q 0 0 0 rg BT 436.19 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 446.57 402.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 473.62 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.44 402.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 526.03 402.60 Td (return ) Tj ET Q q 0 0 0 rg BT 552.52 402.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.09 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 106.57 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 122.61 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 135.87 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.02 390.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 183.49 390.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 199.52 390.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 244.72 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 261.86 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.35 390.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 307.26 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.30 390.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 372.10 390.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 401.47 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.51 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 425.77 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.92 390.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.39 390.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 489.43 390.60 Td (properties. ) Tj ET Q q 0 0 0 rg BT 534.62 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 537.32 390.60 Td (PV) Tj ET Q q 0 0 0 rg BT 549.19 390.60 Td (-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (V) Tj ET Q q 0 0 0 rg BT 55.61 378.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 74.17 378.60 Td (is ) Tj ET Q q 0 0 0 rg BT 82.74 378.60 Td (not ) Tj ET Q q 0 0 0 rg BT 97.41 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 103.75 378.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 138.96 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.19 378.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 186.07 378.60 Td (or ) Tj ET Q q 0 0 0 rg BT 196.30 378.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 235.96 378.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 288.38 378.60 Td (under ) Tj ET Q q 0 0 0 rg BT 313.05 378.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 339.17 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 343.57 378.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 358.79 378.60 Td (should ) Tj ET Q q 0 0 0 rg BT 387.36 378.60 Td (it ) Tj ET Q q 0 0 0 rg BT 394.82 378.60 Td (be ) Tj ET Q q 0 0 0 rg BT 406.15 378.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 451.37 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 461.04 378.60 Td (isolation ) Tj ET Q q 0 0 0 rg BT 497.39 378.60 Td (or ) Tj ET Q q 0 0 0 rg BT 507.62 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 517.84 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 524.18 378.60 Td (substitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 63.92 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.89 366.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 133.85 366.60 Td (Measure.��Our ) Tj ET Q q 0 0 0 rg BT 194.08 366.60 Td (PV) Tj ET Q q 0 0 0 rg BT 205.95 366.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 221.83 366.60 Td (V) Tj ET Q q 0 0 0 rg BT 227.95 366.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 247.36 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 264.55 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.52 366.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 334.48 366.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 371.66 366.60 Td (do ) Tj ET Q q 0 0 0 rg BT 384.42 366.60 Td (not ) Tj ET Q q 0 0 0 rg BT 399.95 366.60 Td (purport ) Tj ET Q q 0 0 0 rg BT 432.15 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 442.68 366.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 482.08 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.05 366.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.69 366.60 Td (value ) Tj ET Q q 0 0 0 rg BT 538.10 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 366.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.40 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 79.18 354.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 109.28 354.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 124.95 354.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 162.55 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.90 354.60 Td (See ) Tj ET Q q 0 0 0 rg BT 181.68 354.60 Td (also ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 200.13 354.60 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 238.58 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.92 354.60 Td (Selected ) Tj ET Q q 0 0 0 rg BT 291.40 354.60 Td (Abbr) Tj ET Q q 0 0 0 rg BT 311.03 354.60 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.14 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 349.48 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 363.48 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.04 354.60 Td (definition ) Tj ET Q q 0 0 0 rg BT 419.26 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.93 354.60 Td (�PV) Tj ET Q q 0 0 0 rg BT 446.23 354.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 461.74 354.60 Td (V) Tj ET Q q 0 0 0 rg BT 467.85 354.60 Td (alue� ) Tj ET Q q 0 0 0 rg BT 491.29 354.60 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 508.06 354.60 Td (Supplemental ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 66.14 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 85.00 342.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 119.97 342.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 139.94 342.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 178.46 342.60 Td (es ) Tj ET Q q 0 0 0 rg BT 190.65 342.60 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.53 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 243.39 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.02 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.10 342.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 327.73 342.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 368.80 342.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 416.54 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 432.06 342.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 475.91 342.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 524.21 342.60 Td (about ) Tj ET Q q 0 0 0 rg BT 550.28 342.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 104.20 330.60 Td (Measure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 306.60 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 306.60 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 306.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 185.81 306.60 Td (a ) Tj ET Q q 0 0 0 rg BT 192.74 306.60 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 250.22 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.05 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.77 306.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 330.47 306.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 367.40 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.68 306.60 Td (PV) Tj ET Q q 0 0 0 rg BT 389.54 306.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 405.19 306.60 Td (V) Tj ET Q q 0 0 0 rg BT 411.30 306.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 430.46 306.60 Td (for ) Tj ET Q q 0 0 0 rg BT 444.62 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.34 306.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 491.27 306.60 Td (indicated:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 266.10 315.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 365.00 266.10 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 266.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 266.10 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 266.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 266.10 64.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 236.10 315.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 365.00 236.10 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 236.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 236.10 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 236.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 236.10 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 281.1 m 428 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 281.1 m 432 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 281.1 m 495 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 281.1 m 499 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 281.1 m 563 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 266.1 m 365 266.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 281.1 m 428 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 266.1 m 428 266.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 281.1 m 495 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 266.1 m 495 266.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 281.1 m 563 281.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 266.1 m 563 266.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 266.1 m 428 266.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 266.1 m 495 266.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 266.1 m 563 266.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 236.10000000000002 m 428 236.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 222.10000000000002 m 428 222.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 220.10000000000002 m 428 220.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 236.10000000000002 m 495 236.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 222.10000000000002 m 495 222.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 220.10000000000002 m 495 220.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 236.10000000000002 m 563 236.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 222.10000000000002 m 563 222.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 220.10000000000002 m 563 220.10000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 285.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.95 285.77 Td (Y) Tj ET Q q 0 0 0 rg BT 417.67 285.77 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 270.81 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 270.77 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 270.77 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.50 270.77 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 255.78 Td (Standardized Measur) Tj ET Q q 0 0 0 rg BT 144.82 255.78 Td (e \(GAAP) Tj ET Q q 0 0 0 rg BT 182.87 255.78 Td ( measur) Tj ET Q q 0 0 0 rg BT 216.85 255.78 Td (e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.50 255.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 255.77 Td (2,261,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 255.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 255.77 Td (3,351,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 255.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 255.77 Td (2,232,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 240.77 Td (Discounted estimated future income tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 240.77 Td (354,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 240.77 Td (673,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 240.77 Td (301,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 225.77 Td (PV) Tj ET Q q 0 0 0 rg BT 73.37 225.77 Td (-10 ) Tj ET Q q 0 0 0 rg BT 89.01 225.77 Td (V) Tj ET Q q 0 0 0 rg BT 95.13 225.77 Td (alue \(non-GAAP) Tj ET Q q 0 0 0 rg BT 162.80 225.77 Td ( measure\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.50 225.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 225.77 Td (2,615,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 225.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 225.77 Td (4,025,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 225.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 225.77 Td (2,533,798) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 192.20 Td (Reconciliation of Net Income to ) Tj ET Q q 0 0 0 rg BT 185.86 192.20 Td (Adjusted EBITDAX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 168.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 105.37 168.20 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 151.02 168.20 Td (is ) Tj ET Q q 0 0 0 rg BT 159.45 168.20 Td (a ) Tj ET Q q 0 0 0 rg BT 165.65 168.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 210.83 168.20 Td ( ) Tj ET Q q 0 0 0 rg BT 212.60 168.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.34 168.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 284.42 168.20 Td (which ) Tj ET Q q 0 0 0 rg BT 310.62 168.20 Td (management ) Tj ET Q q 0 0 0 rg BT 363.47 168.20 Td (uses ) Tj ET Q q 0 0 0 rg BT 382.46 168.20 Td (and ) Tj ET Q q 0 0 0 rg BT 398.66 168.20 Td (is ) Tj ET Q q 0 0 0 rg BT 407.09 168.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 449.38 168.20 Td (based ) Tj ET Q q 0 0 0 rg BT 473.91 168.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 495.67 168.20 Td (\(but ) Tj ET Q q 0 0 0 rg BT 513.54 168.20 Td (not ) Tj ET Q q 0 0 0 rg BT 528.09 168.20 Td (identical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.20 Td (to\) ) Tj ET Q q 0 0 0 rg BT 63.60 156.20 Td (a ) Tj ET Q q 0 0 0 rg BT 71.02 156.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 108.99 156.20 Td (covenant ) Tj ET Q q 0 0 0 rg BT 148.07 156.20 Td (related ) Tj ET Q q 0 0 0 rg BT 178.26 156.20 Td (to ) Tj ET Q q 0 0 0 rg BT 189.03 156.20 Td (�Consolidated ) Tj ET Q q 0 0 0 rg BT 249.22 156.20 Td (EBITDAX� ) Tj ET Q q 0 0 0 rg BT 300.53 156.20 Td (in ) Tj ET Q q 0 0 0 rg BT 311.30 156.20 Td (our ) Tj ET Q q 0 0 0 rg BT 327.62 156.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 355.04 156.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 388.57 156.20 Td (bank ) Tj ET Q q 0 0 0 rg BT 410.99 156.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 436.74 156.20 Td (facility) Tj ET Q q 0 0 0 rg BT 464.41 156.20 Td (, ) Tj ET Q q 0 0 0 rg BT 469.90 156.20 Td (which ) Tj ET Q q 0 0 0 rg BT 497.33 156.20 Td (excludes ) Tj ET Q q 0 0 0 rg BT 535.30 156.20 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.20 Td (items ) Tj ET Q q 0 0 0 rg BT 74.03 144.20 Td (that ) Tj ET Q q 0 0 0 rg BT 91.89 144.20 Td (are ) Tj ET Q q 0 0 0 rg BT 106.97 144.20 Td (included ) Tj ET Q q 0 0 0 rg BT 144.27 144.20 Td (in ) Tj ET Q q 0 0 0 rg BT 154.91 144.20 Td (net ) Tj ET Q q 0 0 0 rg BT 169.99 144.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 204.79 144.20 Td (the ) Tj ET Q q 0 0 0 rg BT 219.88 144.20 Td (most ) Tj ET Q q 0 0 0 rg BT 242.19 144.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 275.60 144.20 Td (comparable ) Tj ET Q q 0 0 0 rg BT 325.11 144.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 351.96 144.20 Td ( ) Tj ET Q q 0 0 0 rg BT 354.83 144.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 392.67 144.20 Td (measure. ) Tj ET Q q 0 0 0 rg BT 431.36 144.20 Td ( ) Tj ET Q q 0 0 0 rg BT 434.22 144.20 Td (Items ) Tj ET Q q 0 0 0 rg BT 459.30 144.20 Td (excluded ) Tj ET Q q 0 0 0 rg BT 498.26 144.20 Td (include ) Tj ET Q q 0 0 0 rg BT 530.56 144.20 Td (interest, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.20 Td (income ) Tj ET Q q 0 0 0 rg BT 80.81 132.20 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 105.74 132.20 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 147.32 132.20 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 201.12 132.20 Td (and ) Tj ET Q q 0 0 0 rg BT 217.44 132.20 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 272.35 132.20 Td (and ) Tj ET Q q 0 0 0 rg BT 288.67 132.20 Td (items ) Tj ET Q q 0 0 0 rg BT 312.21 132.20 Td (that ) Tj ET Q q 0 0 0 rg BT 329.08 132.20 Td (the ) Tj ET Q q 0 0 0 rg BT 343.18 132.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.94 132.20 Td (believes ) Tj ET Q q 0 0 0 rg BT 418.58 132.20 Td (af) Tj ET Q q 0 0 0 rg BT 426.17 132.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 443.03 132.20 Td (the ) Tj ET Q q 0 0 0 rg BT 457.13 132.20 Td (comparability ) Tj ET Q q 0 0 0 rg BT 514.54 132.20 Td (of ) Tj ET Q q 0 0 0 rg BT 524.75 132.20 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.20 Td (results ) Tj ET Q q 0 0 0 rg BT 78.59 120.20 Td (such ) Tj ET Q q 0 0 0 rg BT 99.90 120.20 Td (as ) Tj ET Q q 0 0 0 rg BT 111.21 120.20 Td (items ) Tj ET Q q 0 0 0 rg BT 135.85 120.20 Td (whose ) Tj ET Q q 0 0 0 rg BT 164.39 120.20 Td (timing ) Tj ET Q q 0 0 0 rg BT 193.48 120.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 222.01 120.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 254.98 120.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 284.62 120.20 Td (be ) Tj ET Q q 0 0 0 rg BT 297.03 120.20 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 343.33 120.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.63 120.20 Td (or ) Tj ET Q q 0 0 0 rg BT 395.94 120.20 Td (are ) Tj ET Q q 0 0 0 rg BT 411.13 120.20 Td (non-recurring. ) Tj ET Q q 0 0 0 rg BT 471.58 120.20 Td ( ) Tj ET Q q 0 0 0 rg BT 474.56 120.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 529.74 120.20 Td (believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 87.07 108.20 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 132.42 108.20 Td (may ) Tj ET Q q 0 0 0 rg BT 151.10 108.20 Td (be ) Tj ET Q q 0 0 0 rg BT 162.00 108.20 Td (helpful ) Tj ET Q q 0 0 0 rg BT 191.79 108.20 Td (to ) Tj ET Q q 0 0 0 rg BT 201.03 108.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 238.60 108.20 Td (in ) Tj ET Q q 0 0 0 rg BT 247.85 108.20 Td (order ) Tj ET Q q 0 0 0 rg BT 270.41 108.20 Td (to ) Tj ET Q q 0 0 0 rg BT 279.65 108.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 305.56 108.20 Td (our ) Tj ET Q q 0 0 0 rg BT 320.35 108.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 359.58 108.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 411.57 108.20 Td (as ) Tj ET Q q 0 0 0 rg BT 421.36 108.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 462.25 108.20 Td (to ) Tj ET Q q 0 0 0 rg BT 471.49 108.20 Td (that ) Tj ET Q q 0 0 0 rg BT 487.95 108.20 Td (of ) Tj ET Q q 0 0 0 rg BT 497.74 108.20 Td (other ) Tj ET Q q 0 0 0 rg BT 519.75 108.20 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.20 Td (in ) Tj ET Q q 0 0 0 rg BT 59.69 96.20 Td (our ) Tj ET Q q 0 0 0 rg BT 75.44 96.20 Td (industry) Tj ET Q q 0 0 0 rg BT 107.56 96.20 Td (, ) Tj ET Q q 0 0 0 rg BT 112.48 96.20 Td (without ) Tj ET Q q 0 0 0 rg BT 145.45 96.20 Td (regard ) Tj ET Q q 0 0 0 rg BT 173.40 96.20 Td (to ) Tj ET Q q 0 0 0 rg BT 183.59 96.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 223.77 96.20 Td (methods, ) Tj ET Q q 0 0 0 rg BT 262.57 96.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 291.63 96.20 Td (structure ) Tj ET Q q 0 0 0 rg BT 329.03 96.20 Td (or ) Tj ET Q q 0 0 0 rg BT 339.77 96.20 Td (historical ) Tj ET Q q 0 0 0 rg BT 379.40 96.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 401.81 96.20 Td (basis. ) Tj ET Q q 0 0 0 rg BT 426.73 96.20 Td ( ) Tj ET Q q 0 0 0 rg BT 429.14 96.20 Td (It ) Tj ET Q q 0 0 0 rg BT 437.66 96.20 Td (is ) Tj ET Q q 0 0 0 rg BT 446.75 96.20 Td (also ) Tj ET Q q 0 0 0 rg BT 465.27 96.20 Td (commonly ) Tj ET Q q 0 0 0 rg BT 510.46 96.20 Td (used ) Tj ET Q q 0 0 0 rg BT 531.20 96.20 Td (by ) Tj ET Q q 0 0 0 rg BT 543.61 96.20 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 78.35 84.20 Td (to ) Tj ET Q q 0 0 0 rg BT 88.32 84.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 114.96 84.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.37 84.20 Td (Company�) Tj ET Q q 0 0 0 rg BT 171.03 84.20 Td (s ) Tj ET Q q 0 0 0 rg BT 177.12 84.20 Td (leverage ) Tj ET Q q 0 0 0 rg BT 213.18 84.20 Td (and ) Tj ET Q q 0 0 0 rg BT 229.81 84.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 257.55 84.20 Td (to ) Tj ET Q q 0 0 0 rg BT 267.53 84.20 Td (incur ) Tj ET Q q 0 0 0 rg BT 290.27 84.20 Td (and ) Tj ET Q q 0 0 0 rg BT 306.90 84.20 Td (service ) Tj ET Q q 0 0 0 rg BT 337.41 84.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 356.82 84.20 Td (and ) Tj ET Q q 0 0 0 rg BT 373.45 84.20 Td (fund ) Tj ET Q q 0 0 0 rg BT 393.98 84.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 422.82 84.20 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 478.61 84.20 Td ( ) Tj ET Q q 0 0 0 rg BT 480.32 84.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 518.62 84.20 Td (EBITDAX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.20 Td (should ) Tj ET Q q 0 0 0 rg BT 78.39 72.20 Td (not ) Tj ET Q q 0 0 0 rg BT 93.38 72.20 Td (be ) Tj ET Q q 0 0 0 rg BT 105.04 72.20 Td (considered ) Tj ET Q q 0 0 0 rg BT 150.58 72.20 Td (in ) Tj ET Q q 0 0 0 rg BT 160.57 72.20 Td (isolation, ) Tj ET Q q 0 0 0 rg BT 199.73 72.20 Td (as ) Tj ET Q q 0 0 0 rg BT 210.28 72.20 Td (a ) Tj ET Q q 0 0 0 rg BT 216.94 72.20 Td (substitute ) Tj ET Q q 0 0 0 rg BT 257.49 72.20 Td (for) Tj ET Q q 0 0 0 rg BT 268.75 72.20 Td (, ) Tj ET Q q 0 0 0 rg BT 273.47 72.20 Td (or ) Tj ET Q q 0 0 0 rg BT 284.02 72.20 Td (more ) Tj ET Q q 0 0 0 rg BT 306.78 72.20 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 354.54 72.20 Td (than, ) Tj ET Q q 0 0 0 rg BT 376.48 72.20 Td (net ) Tj ET Q q 0 0 0 rg BT 390.91 72.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 425.07 72.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 445.05 72.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 469.49 72.20 Td (from ) Tj ET Q q 0 0 0 rg BT 491.15 72.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 537.52 72.20 Td (or ) Tj ET Q q 0 0 0 rg BT 548.07 72.20 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.20 Td (other ) Tj ET Q q 0 0 0 rg BT 72.06 60.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 107.39 60.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 142.72 60.20 Td (in ) Tj ET Q q 0 0 0 rg BT 152.51 60.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 199.48 60.20 Td (with ) Tj ET Q q 0 0 0 rg BT 219.27 60.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 245.39 60.20 Td (. ) Tj ET Q q 0 0 0 rg BT 249.91 60.20 Td ( ) Tj ET Q q 0 0 0 rg BT 251.77 60.20 Td (The ) Tj ET Q q 0 0 0 rg BT 269.33 60.20 Td (Company�) Tj ET Q q 0 0 0 rg BT 311.00 60.20 Td (s ) Tj ET Q q 0 0 0 rg BT 316.46 60.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 354.58 60.20 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 400.48 60.20 Td (may ) Tj ET Q q 0 0 0 rg BT 419.71 60.20 Td (not ) Tj ET Q q 0 0 0 rg BT 434.50 60.20 Td (be ) Tj ET Q q 0 0 0 rg BT 445.95 60.20 Td (comparable ) Tj ET Q q 0 0 0 rg BT 494.60 60.20 Td (to ) Tj ET Q q 0 0 0 rg BT 504.39 60.20 Td (similarly ) Tj ET Q q 0 0 0 rg BT 541.96 60.20 Td (titled ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 88.92 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.45 726.60 Td (another ) Tj ET Q q 0 0 0 rg BT 131.65 726.60 Td (company ) Tj ET Q q 0 0 0 rg BT 170.51 726.60 Td (because ) Tj ET Q q 0 0 0 rg BT 204.37 726.60 Td (all ) Tj ET Q q 0 0 0 rg BT 216.57 726.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 261.54 726.60 Td (may ) Tj ET Q q 0 0 0 rg BT 280.97 726.60 Td (not ) Tj ET Q q 0 0 0 rg BT 295.95 726.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 333.20 726.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 371.52 726.60 Td (EBITDAX, ) Tj ET Q q 0 0 0 rg BT 420.11 726.60 Td (EBITDAX, ) Tj ET Q q 0 0 0 rg BT 468.70 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 479.24 726.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 515.35 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 517.55 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 527.54 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 541.97 726.60 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (manner) Tj ET Q q 0 0 0 rg BT 78.93 714.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 690.60 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 690.60 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 690.60 Td (presents ) Tj ET Q q 0 0 0 rg BT 184.14 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 191.07 690.60 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 248.55 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 259.38 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 275.21 690.60 Td (net ) Tj ET Q q 0 0 0 rg BT 289.93 690.60 Td (income ) Tj ET Q q 0 0 0 rg BT 321.86 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.59 690.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 370.20 690.60 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 416.58 690.60 Td (for ) Tj ET Q q 0 0 0 rg BT 430.74 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.45 690.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 477.39 690.60 Td (indicated:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 654.10 379.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 654.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 654.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 654.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 654.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 628.10 379.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 628.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 628.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 628.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 628.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 602.10 379.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 602.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 602.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 602.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 602.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 576.10 379.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 576.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 576.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 576.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 576.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 548.10 379.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 548.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 548.10 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 548.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 548.10 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 518.10 379.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 518.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 518.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 518.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 518.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 492.10 379.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 492.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 492.10 63.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.00 492.10 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 499.00 492.10 63.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 667.1 m 495 667.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 667.1 m 499 667.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 667.1 m 562 667.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 654.1 m 428 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 654.1 m 495 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 654.1 m 562 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 654.1 m 428 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 654.1 m 495 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 654.1 m 562 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 492.1 m 495 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 492.1 m 562 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 492.1 m 495 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 480.1 m 495 480.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 478.1 m 495 478.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 492.1 m 562 492.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 480.1 m 562 480.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 478.1 m 562 478.1 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 658.81 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.95 670.67 Td (Y) Tj ET Q q 0 0 0 rg BT 450.67 670.67 Td (ear Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 657.67 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 657.67 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 644.67 Td (Net income \(GAAP) Tj ET Q q 0 0 0 rg BT 130.74 644.67 Td ( measure\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 644.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 644.67 Td (216,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 644.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 644.67 Td (322,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 631.67 Td (Adjustments to reconcile to ) Tj ET Q q 0 0 0 rg BT 163.98 631.67 Td (Adjusted EBITDAX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 618.67 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 618.67 Td (81,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 618.67 Td (69,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 605.67 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 605.67 Td (104,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 605.67 Td (87,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 592.67 Td (Depletion, depreciation, and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 592.67 Td (233,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 592.67 Td (216,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 579.67 Td (Noncash fair value losses \(gains\) on commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 579.67 Td (93,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 579.72 Td (\(196,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 579.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 566.67 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 566.67 Td (12,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 566.67 Td (1) Tj ET Q q 0 0 0 rg BT 535.65 566.67 Td (1,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 552.77 Td (Gain on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 552.82 Td (\(155,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 552.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 552.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 537.77 Td (Severance-related expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 537.77 Td (18,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 537.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 522.77 Td (Accrued expense related to litigation over a helium supply contract) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 522.77 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 522.77 Td (49,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 508.67 Td (Impairment of loan receivable and related assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 508.67 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 508.67 Td (17,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 495.67 Td (Noncash, non-recurring and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 495.67 Td (1,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 495.67 Td (5,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 482.67 Td (Adjusted EBITDAX \(non-GAAP) Tj ET Q q 0 0 0 rg BT 185.01 482.67 Td ( measure\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 482.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 482.67 Td (607,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 482.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 482.67 Td (584,366) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 725.18505859375 m 145.8720703125 725.18505859375 l s q 0 0 0 rg BT 49.50 726.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 726.75 Td (1A.��Risk ) Tj ET Q q 0 0 0 rg BT 113.67 726.75 Td (Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.66 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 82.61 702.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 116.11 702.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 131.83 702.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 159.20 702.75 Td (ar) Tj ET Q q 0 0 0 rg BT 168.46 702.75 Td (e ) Tj ET Q q 0 0 0 rg BT 174.73 702.75 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 210.16 702.75 Td ( ) Tj ET Q q 0 0 0 rg BT 211.58 702.75 Td (A) Tj ET Q q 0 0 0 rg BT 218.25 702.75 Td ( ) Tj ET Q q 0 0 0 rg BT 220.08 702.75 Td (sustained ) Tj ET Q q 0 0 0 rg BT 261.92 702.75 Td (period ) Tj ET Q q 0 0 0 rg BT 291.53 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.69 702.75 Td (low ) Tj ET Q q 0 0 0 rg BT 318.52 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 328.67 702.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 341.06 702.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 368.43 702.75 Td (is ) Tj ET Q q 0 0 0 rg BT 376.93 702.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 402.09 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 412.25 702.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 454.62 702.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 480.32 702.75 Td (our) Tj ET Q q 0 0 0 rg BT 495.14 702.75 Td ( ) Tj ET Q q 0 0 0 rg BT 496.97 702.75 Td (futur) Tj ET Q q 0 0 0 rg BT 519.01 702.75 Td (e ) Tj ET Q q 0 0 0 rg BT 525.27 702.75 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 94.51 690.75 Td (r) Tj ET Q q 0 0 0 rg BT 98.77 690.75 Td (esults ) Tj ET Q q 0 0 0 rg BT 125.16 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 135.99 690.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 185.99 690.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 207.38 690.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 232.10 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 250.73 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 266.56 690.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 305.71 690.75 Td (value ) Tj ET Q q 0 0 0 rg BT 330.99 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 341.82 690.75 Td (our) Tj ET Q q 0 0 0 rg BT 356.64 690.75 Td ( ) Tj ET Q q 0 0 0 rg BT 359.14 690.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 372.20 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 390.82 690.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 424.99 690.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 441.38 690.75 Td (pr) Tj ET Q q 0 0 0 rg BT 451.20 690.75 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 83.34 666.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 110.28 666.75 Td (are ) Tj ET Q q 0 0 0 rg BT 125.55 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.83 666.75 Td (most ) Tj ET Q q 0 0 0 rg BT 163.35 666.75 Td (important ) Tj ET Q q 0 0 0 rg BT 205.29 666.75 Td (determinant ) Tj ET Q q 0 0 0 rg BT 256.12 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 267.51 666.75 Td (our ) Tj ET Q q 0 0 0 rg BT 283.90 666.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 331.95 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 349.45 666.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.50 666.75 Td (success. ) Tj ET Q q 0 0 0 rg BT 423.05 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 426.11 666.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 441.96 666.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 468.90 666.75 Td (are ) Tj ET Q q 0 0 0 rg BT 484.17 666.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 512.79 666.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 552.50 666.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 95.35 654.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 108.99 654.75 Td (supply) Tj ET Q q 0 0 0 rg BT 135.01 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 140.59 654.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 175.33 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 192.84 654.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 222.30 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 239.82 654.75 Td (have ) Tj ET Q q 0 0 0 rg BT 261.78 654.75 Td (historically ) Tj ET Q q 0 0 0 rg BT 309.85 654.75 Td (been ) Tj ET Q q 0 0 0 rg BT 331.81 654.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 363.22 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 374.08 654.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 419.37 654.75 Td (price ) Tj ET Q q 0 0 0 rg BT 442.43 654.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 477.72 654.75 Td (over ) Tj ET Q q 0 0 0 rg BT 498.57 654.75 Td (short ) Tj ET Q q 0 0 0 rg BT 521.65 654.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 554.17 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 73.16 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 76.55 642.75 Td (Over ) Tj ET Q q 0 0 0 rg BT 99.93 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.54 642.75 Td (last ) Tj ET Q q 0 0 0 rg BT 132.81 642.75 Td (few ) Tj ET Q q 0 0 0 rg BT 151.19 642.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 178.18 642.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 218.23 642.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 232.18 642.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 259.44 642.75 Td (have ) Tj ET Q q 0 0 0 rg BT 281.71 642.75 Td (been ) Tj ET Q q 0 0 0 rg BT 303.97 642.75 Td (volatile, ) Tj ET Q q 0 0 0 rg BT 339.85 642.75 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 385.99 642.75 Td (to ) Tj ET Q q 0 0 0 rg BT 397.16 642.75 Td (a ) Tj ET Q q 0 0 0 rg BT 404.99 642.75 Td (low ) Tj ET Q q 0 0 0 rg BT 423.38 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 435.10 642.75 Td ($43 ) Tj ET Q q 0 0 0 rg BT 453.48 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 464.65 642.75 Td (mid-2017 ) Tj ET Q q 0 0 0 rg BT 506.93 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 642.75 Td (gradually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (improving ) Tj ET Q q 0 0 0 rg BT 93.47 630.75 Td (to ) Tj ET Q q 0 0 0 rg BT 103.55 630.75 Td (hit ) Tj ET Q q 0 0 0 rg BT 116.41 630.75 Td (a ) Tj ET Q q 0 0 0 rg BT 123.15 630.75 Td (three-year ) Tj ET Q q 0 0 0 rg BT 165.98 630.75 Td (peak ) Tj ET Q q 0 0 0 rg BT 187.16 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 197.79 630.75 Td ($76 ) Tj ET Q q 0 0 0 rg BT 215.10 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 225.18 630.75 Td (October ) Tj ET Q q 0 0 0 rg BT 259.69 630.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 284.49 630.75 Td (before ) Tj ET Q q 0 0 0 rg BT 312.33 630.75 Td (retreating ) Tj ET Q q 0 0 0 rg BT 352.95 630.75 Td (to ) Tj ET Q q 0 0 0 rg BT 363.03 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.55 630.75 Td (low ) Tj ET Q q 0 0 0 rg BT 394.86 630.75 Td ($40s ) Tj ET Q q 0 0 0 rg BT 416.05 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 426.13 630.75 Td (late ) Tj ET Q q 0 0 0 rg BT 442.87 630.75 Td (December ) Tj ET Q q 0 0 0 rg BT 486.26 630.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 508.56 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 525.30 630.75 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (averaging ) Tj ET Q q 0 0 0 rg BT 91.07 618.75 Td (in ) Tj ET Q q 0 0 0 rg BT 100.99 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.35 618.75 Td (low ) Tj ET Q q 0 0 0 rg BT 132.50 618.75 Td ($50s ) Tj ET Q q 0 0 0 rg BT 153.54 618.75 Td (to ) Tj ET Q q 0 0 0 rg BT 163.46 618.75 Td (mid ) Tj ET Q q 0 0 0 rg BT 181.16 618.75 Td ($60s ) Tj ET Q q 0 0 0 rg BT 202.20 618.75 Td (range ) Tj ET Q q 0 0 0 rg BT 226.55 618.75 Td (throughout ) Tj ET Q q 0 0 0 rg BT 272.58 618.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 297.23 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 299.37 618.75 Td (Based ) Tj ET Q q 0 0 0 rg BT 325.95 618.75 Td (on ) Tj ET Q q 0 0 0 rg BT 338.10 618.75 Td (past ) Tj ET Q q 0 0 0 rg BT 356.35 618.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 404.05 618.75 Td (cycles, ) Tj ET Q q 0 0 0 rg BT 433.68 618.75 Td (volatility ) Tj ET Q q 0 0 0 rg BT 471.93 618.75 Td (will ) Tj ET Q q 0 0 0 rg BT 489.64 618.75 Td (remain, ) Tj ET Q q 0 0 0 rg BT 522.04 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 538.63 618.75 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (could ) Tj ET Q q 0 0 0 rg BT 73.61 606.75 Td (move ) Tj ET Q q 0 0 0 rg BT 97.72 606.75 Td (downward ) Tj ET Q q 0 0 0 rg BT 141.82 606.75 Td (or ) Tj ET Q q 0 0 0 rg BT 152.04 606.75 Td (upward ) Tj ET Q q 0 0 0 rg BT 183.92 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 195.81 606.75 Td (a ) Tj ET Q q 0 0 0 rg BT 202.14 606.75 Td (rapid ) Tj ET Q q 0 0 0 rg BT 224.58 606.75 Td (or ) Tj ET Q q 0 0 0 rg BT 234.80 606.75 Td (repeated ) Tj ET Q q 0 0 0 rg BT 270.55 606.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 294.95 606.75 Td (which ) Tj ET Q q 0 0 0 rg BT 321.28 606.75 Td (can ) Tj ET Q q 0 0 0 rg BT 337.04 606.75 Td (make ) Tj ET Q q 0 0 0 rg BT 360.59 606.75 Td (planning ) Tj ET Q q 0 0 0 rg BT 397.48 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.81 606.75 Td (budgeting, ) Tj ET Q q 0 0 0 rg BT 458.19 606.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 503.96 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 520.29 606.75 Td (divestiture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 102.03 594.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 130.95 594.75 Td (raising, ) Tj ET Q q 0 0 0 rg BT 162.94 594.75 Td (valuations ) Tj ET Q q 0 0 0 rg BT 206.31 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 223.02 594.75 Td (sustaining ) Tj ET Q q 0 0 0 rg BT 265.85 594.75 Td (business ) Tj ET Q q 0 0 0 rg BT 302.01 594.75 Td (strategies ) Tj ET Q q 0 0 0 rg BT 342.04 594.75 Td (more ) Tj ET Q q 0 0 0 rg BT 364.86 594.75 Td (dif) Tj ET Q q 0 0 0 rg BT 375.79 594.75 Td (ficult. ) Tj ET Q q 0 0 0 rg BT 401.66 594.75 Td ( ) Tj ET Q q 0 0 0 rg BT 403.93 594.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 421.75 594.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.79 594.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 462.39 594.75 Td (from ) Tj ET Q q 0 0 0 rg BT 484.09 594.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 528.02 594.75 Td (is ) Tj ET Q q 0 0 0 rg BT 536.96 594.75 Td (highly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 93.32 582.75 Td (on ) Tj ET Q q 0 0 0 rg BT 106.04 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.98 582.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 147.59 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 165.31 582.75 Td (we ) Tj ET Q q 0 0 0 rg BT 179.69 582.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 211.28 582.75 Td (for ) Tj ET Q q 0 0 0 rg BT 225.66 582.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 241.44 582.75 Td (as ) Tj ET Q q 0 0 0 rg BT 252.50 582.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 265.78 582.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 310.16 582.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.64 582.75 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.97 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 391.70 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 402.75 582.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.81 582.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.81 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 441.53 582.75 Td (production ) Tj ET Q q 0 0 0 rg BT 487.58 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 504.74 582.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (98%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 570.75 Td ( ) Tj ET Q q 0 0 0 rg BT 70.60 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 81.70 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 97.80 570.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 128.34 570.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 163.87 570.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.85 570.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 232.71 570.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.71 570.75 Td (. ) Tj ET Q q 0 0 0 rg BT 257.98 570.75 Td ( ) Tj ET Q q 0 0 0 rg BT 260.55 570.75 Td (The ) Tj ET Q q 0 0 0 rg BT 278.87 570.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 305.51 570.75 Td (for ) Tj ET Q q 0 0 0 rg BT 319.94 570.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 333.27 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 350.48 570.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.01 570.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 397.11 570.75 Td (are ) Tj ET Q q 0 0 0 rg BT 412.09 570.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 443.18 570.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.73 570.75 Td (a ) Tj ET Q q 0 0 0 rg BT 460.94 570.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 491.47 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 502.57 570.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 532.55 570.75 Td (that ) Tj ET Q q 0 0 0 rg BT 550.32 570.75 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 81.44 558.75 Td (our ) Tj ET Q q 0 0 0 rg BT 97.27 558.75 Td (control.��) Tj ET Q q 0 0 0 rg BT 132.91 558.75 Td (These ) Tj ET Q q 0 0 0 rg BT 159.29 558.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 189.00 558.75 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 534.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.68 534.75 Td (level ) Tj ET Q q 0 0 0 rg BT 121.09 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 131.38 534.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 176.12 534.75 Td (consumer ) Tj ET Q q 0 0 0 rg BT 216.96 534.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 250.59 534.75 Td (for ) Tj ET Q q 0 0 0 rg BT 264.22 534.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 276.74 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.15 534.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 322.88 534.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 340.68 534.75 Td (which ) Tj ET Q q 0 0 0 rg BT 367.08 534.75 Td (has ) Tj ET Q q 0 0 0 rg BT 382.38 534.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 416.55 534.75 Td (been ) Tj ET Q q 0 0 0 rg BT 437.39 534.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 481.01 534.75 Td (af) Tj ET Q q 0 0 0 rg BT 488.60 534.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 514.99 534.75 Td (by ) Tj ET Q q 0 0 0 rg BT 526.96 534.75 Td (concerns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 522.75 Td (about ) Tj ET Q q 0 0 0 rg BT 110.06 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.62 522.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 154.17 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 164.85 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.41 522.75 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 226.74 522.75 Td (coronavirus, ) Tj ET Q q 0 0 0 rg BT 278.79 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.58 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.13 522.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 348.58 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 365.36 522.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 396.58 522.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 425.59 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.27 522.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 449.17 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 465.95 522.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 496.05 522.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 511.73 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 528.51 522.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 554.18 522.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 510.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 124.10 510.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 137.16 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 154.10 510.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 184.36 510.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 200.19 510.75 Td (storage;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.54 498.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 130.00 498.75 Td (to ) Tj ET Q q 0 0 0 rg BT 140.60 498.75 Td (which ) Tj ET Q q 0 0 0 rg BT 167.85 498.75 Td (members ) Tj ET Q q 0 0 0 rg BT 207.33 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 218.48 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 233.51 498.75 Td (Or) Tj ET Q q 0 0 0 rg BT 243.88 498.75 Td (ganization ) Tj ET Q q 0 0 0 rg BT 288.35 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 299.50 498.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 343.42 498.75 Td (Exporting ) Tj ET Q q 0 0 0 rg BT 386.24 498.75 Td (Countries ) Tj ET Q q 0 0 0 rg BT 427.94 498.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 465.75 498.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.13 498.75 Td (price ) Tj ET Q q 0 0 0 rg BT 501.93 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 498.75 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 486.75 Td (controls;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 474.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 129.36 474.75 Td (to ) Tj ET Q q 0 0 0 rg BT 139.64 474.75 Td (which ) Tj ET Q q 0 0 0 rg BT 166.58 474.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 205.18 474.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 218.24 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.18 474.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 265.44 474.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 281.27 474.75 Td (production ) Tj ET Q q 0 0 0 rg BT 327.10 474.75 Td (af) Tj ET Q q 0 0 0 rg BT 334.68 474.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 356.06 474.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 401.33 474.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 430.50 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 441.33 474.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 466.04 474.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.09 474.75 Td (or ) Tj ET Q q 0 0 0 rg BT 489.92 474.75 Td (its ) Tj ET Q q 0 0 0 rg BT 501.87 474.75 Td (price;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 462.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 131.63 462.75 Td (political ) Tj ET Q q 0 0 0 rg BT 167.76 462.75 Td (events, ) Tj ET Q q 0 0 0 rg BT 199.17 462.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 244.20 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.00 462.75 Td (policies, ) Tj ET Q q 0 0 0 rg BT 298.97 462.75 Td (including ) Tj ET Q q 0 0 0 rg BT 340.11 462.75 Td (actions ) Tj ET Q q 0 0 0 rg BT 371.80 462.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 396.81 462.75 Td (by ) Tj ET Q q 0 0 0 rg BT 410.18 462.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 442.42 462.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 456.34 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 474.14 462.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 505.27 462.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 521.96 462.75 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 450.75 Td (nations; ) Tj ET Q q 0 0 0 rg BT 119.67 450.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 438.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 130.77 438.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 172.14 438.75 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.75 Td (Negative ) Tj ET Q q 0 0 0 rg BT 106.09 414.75 Td (movements ) Tj ET Q q 0 0 0 rg BT 154.70 414.75 Td (in ) Tj ET Q q 0 0 0 rg BT 164.98 414.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.03 414.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 204.41 414.75 Td (could ) Tj ET Q q 0 0 0 rg BT 229.13 414.75 Td (harm ) Tj ET Q q 0 0 0 rg BT 252.17 414.75 Td (us ) Tj ET Q q 0 0 0 rg BT 263.56 414.75 Td (in ) Tj ET Q q 0 0 0 rg BT 273.84 414.75 Td (a ) Tj ET Q q 0 0 0 rg BT 280.78 414.75 Td (number ) Tj ET Q q 0 0 0 rg BT 313.83 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.66 414.75 Td (ways, ) Tj ET Q q 0 0 0 rg BT 350.21 414.75 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 390.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 110.77 390.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.04 390.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 155.76 390.75 Td (from ) Tj ET Q q 0 0 0 rg BT 177.70 390.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 221.85 390.75 Td (may ) Tj ET Q q 0 0 0 rg BT 241.57 390.75 Td (require ) Tj ET Q q 0 0 0 rg BT 272.38 390.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 306.53 390.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 332.36 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 343.19 390.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 372.34 390.75 Td (expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 378.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 118.76 378.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 143.71 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.65 378.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 181.92 378.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 234.63 378.75 Td (in ) Tj ET Q q 0 0 0 rg BT 244.03 378.75 Td (turn ) Tj ET Q q 0 0 0 rg BT 261.76 378.75 Td (could ) Tj ET Q q 0 0 0 rg BT 285.59 378.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 309.98 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 324.92 378.75 Td (present ) Tj ET Q q 0 0 0 rg BT 355.42 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.47 378.75 Td (future ) Tj ET Q q 0 0 0 rg BT 396.97 378.75 Td (production ) Tj ET Q q 0 0 0 rg BT 441.91 378.75 Td (levels, ) Tj ET Q q 0 0 0 rg BT 469.35 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.41 378.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 509.80 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 378.75 Td (quantities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 366.75 Td (value ) Tj ET Q q 0 0 0 rg BT 126.59 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.42 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 153.25 366.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 166.31 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.25 366.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 199.08 366.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 236.84 366.75 Td (which ) Tj ET Q q 0 0 0 rg BT 263.78 366.75 Td (constitute ) Tj ET Q q 0 0 0 rg BT 305.16 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 320.99 366.75 Td (major ) Tj ET Q q 0 0 0 rg BT 346.81 366.75 Td (asset;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 354.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 102.02 354.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 134.08 354.75 Td (could ) Tj ET Q q 0 0 0 rg BT 159.48 354.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 189.31 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 205.83 354.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 250.68 354.75 Td (base, ) Tj ET Q q 0 0 0 rg BT 274.13 354.75 Td (and ) Tj ET Q q 0 0 0 rg BT 291.75 354.75 Td (we ) Tj ET Q q 0 0 0 rg BT 306.60 354.75 Td (may ) Tj ET Q q 0 0 0 rg BT 327.00 354.75 Td (not ) Tj ET Q q 0 0 0 rg BT 342.97 354.75 Td (be ) Tj ET Q q 0 0 0 rg BT 355.59 354.75 Td (able ) Tj ET Q q 0 0 0 rg BT 375.43 354.75 Td (to ) Tj ET Q q 0 0 0 rg BT 386.40 354.75 Td (raise ) Tj ET Q q 0 0 0 rg BT 408.46 354.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 438.30 354.75 Td (at ) Tj ET Q q 0 0 0 rg BT 448.70 354.75 Td (attractive ) Tj ET Q q 0 0 0 rg BT 489.08 354.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 511.15 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 522.11 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 537.51 354.75 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 342.75 Td (markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 330.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 330.75 Td (we ) Tj ET Q q 0 0 0 rg BT 99.66 330.75 Td (could ) Tj ET Q q 0 0 0 rg BT 124.38 330.75 Td (have ) Tj ET Q q 0 0 0 rg BT 145.75 330.75 Td (dif) Tj ET Q q 0 0 0 rg BT 156.68 330.75 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 185.29 330.75 Td (repaying ) Tj ET Q q 0 0 0 rg BT 222.77 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 233.60 330.75 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 281.63 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 297.46 330.75 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 318.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 318.75 Td (we ) Tj ET Q q 0 0 0 rg BT 99.66 318.75 Td (could ) Tj ET Q q 0 0 0 rg BT 124.38 318.75 Td (be ) Tj ET Q q 0 0 0 rg BT 136.32 318.75 Td (forced ) Tj ET Q q 0 0 0 rg BT 164.35 318.75 Td (to ) Tj ET Q q 0 0 0 rg BT 174.63 318.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 209.88 318.75 Td (our ) Tj ET Q q 0 0 0 rg BT 225.71 318.75 Td (level ) Tj ET Q q 0 0 0 rg BT 247.65 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 258.48 318.75 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 315.13 318.75 Td (issue ) Tj ET Q q 0 0 0 rg BT 337.63 318.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 380.12 318.75 Td (equity) Tj ET Q q 0 0 0 rg BT 404.47 318.75 Td (, ) Tj ET Q q 0 0 0 rg BT 409.47 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 420.30 318.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 436.69 318.75 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 306.75 Td (we ) Tj ET Q q 0 0 0 rg BT 100.08 306.75 Td (could ) Tj ET Q q 0 0 0 rg BT 125.21 306.75 Td (be ) Tj ET Q q 0 0 0 rg BT 137.57 306.75 Td (required ) Tj ET Q q 0 0 0 rg BT 173.81 306.75 Td (to ) Tj ET Q q 0 0 0 rg BT 184.50 306.75 Td (impair ) Tj ET Q q 0 0 0 rg BT 213.53 306.75 Td (various ) Tj ET Q q 0 0 0 rg BT 245.88 306.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 274.63 306.75 Td (including ) Tj ET Q q 0 0 0 rg BT 315.33 306.75 Td (a ) Tj ET Q q 0 0 0 rg BT 322.68 306.75 Td (write-down ) Tj ET Q q 0 0 0 rg BT 371.70 306.75 Td (of ) Tj ET Q q 0 0 0 rg BT 382.95 306.75 Td (our ) Tj ET Q q 0 0 0 rg BT 399.20 306.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 412.67 306.75 Td (and ) Tj ET Q q 0 0 0 rg BT 430.03 306.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 460.71 306.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 476.96 306.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 503.21 306.75 Td (or ) Tj ET Q q 0 0 0 rg BT 514.46 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 529.60 306.75 Td (value ) Tj ET Q q 0 0 0 rg BT 554.17 306.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 294.75 Td (other ) Tj ET Q q 0 0 0 rg BT 108.55 294.75 Td (tangible ) Tj ET Q q 0 0 0 rg BT 143.26 294.75 Td (or ) Tj ET Q q 0 0 0 rg BT 154.09 294.75 Td (intangible ) Tj ET Q q 0 0 0 rg BT 196.58 294.75 Td (assets; ) Tj ET Q q 0 0 0 rg BT 225.19 294.75 Td (and/or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.75 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 282.75 Td (our ) Tj ET Q q 0 0 0 rg BT 101.73 282.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 139.61 282.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.28 282.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 185.39 282.75 Td (from ) Tj ET Q q 0 0 0 rg BT 207.73 282.75 Td (our ) Tj ET Q q 0 0 0 rg BT 223.95 282.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 272.40 282.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 315.28 282.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 354.26 282.75 Td (that ) Tj ET Q q 0 0 0 rg BT 372.16 282.75 Td (include ) Tj ET Q q 0 0 0 rg BT 404.48 282.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 424.05 282.75 Td (puts ) Tj ET Q q 0 0 0 rg BT 443.62 282.75 Td (could ) Tj ET Q q 0 0 0 rg BT 468.73 282.75 Td (be ) Tj ET Q q 0 0 0 rg BT 481.06 282.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 512.29 282.75 Td (to ) Tj ET Q q 0 0 0 rg BT 522.96 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 282.75 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 270.75 Td (that ) Tj ET Q q 0 0 0 rg BT 103.00 270.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.05 270.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 142.43 270.75 Td (are ) Tj ET Q q 0 0 0 rg BT 157.14 270.75 Td (below ) Tj ET Q q 0 0 0 rg BT 184.07 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.79 270.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 225.17 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 236.00 270.75 Td (those ) Tj ET Q q 0 0 0 rg BT 259.61 270.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 278.78 270.75 Td (puts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.75 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 121.82 246.75 Td (some ) Tj ET Q q 0 0 0 rg BT 144.76 246.75 Td (or ) Tj ET Q q 0 0 0 rg BT 154.92 246.75 Td (all ) Tj ET Q q 0 0 0 rg BT 166.75 246.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.92 246.75 Td (our ) Tj ET Q q 0 0 0 rg BT 192.08 246.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 222.79 246.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 256.27 246.75 Td (could ) Tj ET Q q 0 0 0 rg BT 280.32 246.75 Td (become ) Tj ET Q q 0 0 0 rg BT 313.25 246.75 Td (or ) Tj ET Q q 0 0 0 rg BT 323.42 246.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 353.01 246.75 Td (uneconomical. ) Tj ET Q q 0 0 0 rg BT 413.44 246.75 Td ( ) Tj ET Q q 0 0 0 rg BT 415.14 246.75 Td (W) Tj ET Q q 0 0 0 rg BT 423.77 246.75 Td (e ) Tj ET Q q 0 0 0 rg BT 430.05 246.75 Td (may ) Tj ET Q q 0 0 0 rg BT 449.10 246.75 Td (also ) Tj ET Q q 0 0 0 rg BT 467.04 246.75 Td (decide ) Tj ET Q q 0 0 0 rg BT 494.97 246.75 Td (to ) Tj ET Q q 0 0 0 rg BT 504.58 246.75 Td (suspend ) Tj ET Q q 0 0 0 rg BT 538.63 246.75 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (expansion ) Tj ET Q q 0 0 0 rg BT 92.24 234.75 Td (projects, ) Tj ET Q q 0 0 0 rg BT 128.58 234.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.21 234.75 Td (if ) Tj ET Q q 0 0 0 rg BT 153.50 234.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 179.57 234.75 Td (were ) Tj ET Q q 0 0 0 rg BT 201.19 234.75 Td (to ) Tj ET Q q 0 0 0 rg BT 211.16 234.75 Td (drop ) Tj ET Q q 0 0 0 rg BT 231.67 234.75 Td (below ) Tj ET Q q 0 0 0 rg BT 258.30 234.75 Td (our ) Tj ET Q q 0 0 0 rg BT 273.82 234.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 313.77 234.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.73 234.75 Td (break-even ) Tj ET Q q 0 0 0 rg BT 380.33 234.75 Td (points ) Tj ET Q q 0 0 0 rg BT 406.97 234.75 Td (for ) Tj ET Q q 0 0 0 rg BT 420.82 234.75 Td (an ) Tj ET Q q 0 0 0 rg BT 432.45 234.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 470.73 234.75 Td (period ) Tj ET Q q 0 0 0 rg BT 498.47 234.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.99 234.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 531.45 234.75 Td (we ) Tj ET Q q 0 0 0 rg BT 545.30 234.75 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (decide ) Tj ET Q q 0 0 0 rg BT 77.69 222.75 Td (to ) Tj ET Q q 0 0 0 rg BT 87.55 222.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 117.42 222.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 151.18 222.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 199.10 222.75 Td (both ) Tj ET Q q 0 0 0 rg BT 218.97 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 229.39 222.75 Td (which ) Tj ET Q q 0 0 0 rg BT 255.92 222.75 Td (could ) Tj ET Q q 0 0 0 rg BT 280.23 222.75 Td (have ) Tj ET Q q 0 0 0 rg BT 301.19 222.75 Td (a ) Tj ET Q q 0 0 0 rg BT 307.72 222.75 Td (material ) Tj ET Q q 0 0 0 rg BT 342.57 222.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 375.20 222.75 Td (ef) Tj ET Q q 0 0 0 rg BT 382.79 222.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 399.87 222.75 Td (on ) Tj ET Q q 0 0 0 rg BT 411.96 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 427.38 222.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 471.13 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 487.66 222.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.73 222.75 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 210.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 95.58 210.75 Td (our ) Tj ET Q q 0 0 0 rg BT 111.41 210.75 Td (production.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.95 186.75 Td (e ) Tj ET Q q 0 0 0 rg BT 65.66 186.75 Td (must ) Tj ET Q q 0 0 0 rg BT 89.04 186.75 Td (r) Tj ET Q q 0 0 0 rg BT 93.30 186.75 Td (efinance, ) Tj ET Q q 0 0 0 rg BT 133.62 186.75 Td (extend ) Tj ET Q q 0 0 0 rg BT 164.22 186.75 Td (or) Tj ET Q q 0 0 0 rg BT 173.47 186.75 Td ( ) Tj ET Q q 0 0 0 rg BT 175.75 186.75 Td (r) Tj ET Q q 0 0 0 rg BT 180.00 186.75 Td (epur) Tj ET Q q 0 0 0 rg BT 199.82 186.75 Td (chase ) Tj ET Q q 0 0 0 rg BT 225.42 186.75 Td ($1.18 ) Tj ET Q q 0 0 0 rg BT 250.19 186.75 Td (billion ) Tj ET Q q 0 0 0 rg BT 279.70 186.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 320.87 186.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 355.92 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 366.52 186.75 Td (our) Tj ET Q q 0 0 0 rg BT 381.34 186.75 Td ( ) Tj ET Q q 0 0 0 rg BT 383.61 186.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 440.90 186.75 Td (which ) Tj ET Q q 0 0 0 rg BT 468.73 186.75 Td (matur) Tj ET Q q 0 0 0 rg BT 495.21 186.75 Td (es ) Tj ET Q q 0 0 0 rg BT 505.81 186.75 Td (between ) Tj ET Q q 0 0 0 rg BT 543.07 186.75 Td (May ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 72.00 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.62 174.75 Td (May ) Tj ET Q q 0 0 0 rg BT 112.56 174.75 Td (2022 ) Tj ET Q q 0 0 0 rg BT 135.06 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 145.90 174.75 Td (order) Tj ET Q q 0 0 0 rg BT 169.60 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 172.10 174.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.93 174.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 223.77 174.75 Td (our) Tj ET Q q 0 0 0 rg BT 238.59 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 241.09 174.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 289.16 174.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 328.88 174.75 Td (viability) Tj ET Q q 0 0 0 rg BT 363.34 174.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.75 Td (As ) Tj ET Q q 0 0 0 rg BT 80.65 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.01 150.75 Td (December ) Tj ET Q q 0 0 0 rg BT 134.13 150.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 148.66 150.75 Td (2019, ) Tj ET Q q 0 0 0 rg BT 173.20 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 183.56 150.75 Td (our ) Tj ET Q q 0 0 0 rg BT 198.92 150.75 Td (total ) Tj ET Q q 0 0 0 rg BT 218.73 150.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 267.43 150.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 286.68 150.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 324.26 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 334.62 150.75 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 354.15 150.75 Td (billion, ) Tj ET Q q 0 0 0 rg BT 384.80 150.75 Td (almost ) Tj ET Q q 0 0 0 rg BT 413.50 150.75 Td (50% ) Tj ET Q q 0 0 0 rg BT 433.86 150.75 Td (becomes ) Tj ET Q q 0 0 0 rg BT 470.88 150.75 Td (due ) Tj ET Q q 0 0 0 rg BT 487.35 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 503.83 150.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 536.95 150.75 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (17 ) Tj ET Q q 0 0 0 rg BT 61.95 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 72.19 138.75 Td (29 ) Tj ET Q q 0 0 0 rg BT 84.64 138.75 Td (months, ) Tj ET Q q 0 0 0 rg BT 119.04 138.75 Td (with ) Tj ET Q q 0 0 0 rg BT 139.27 138.75 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 169.23 138.75 Td (million ) Tj ET Q q 0 0 0 rg BT 200.57 138.75 Td (due ) Tj ET Q q 0 0 0 rg BT 217.46 138.75 Td (in ) Tj ET Q q 0 0 0 rg BT 227.70 138.75 Td (May ) Tj ET Q q 0 0 0 rg BT 248.48 138.75 Td (2021. ) Tj ET Q q 0 0 0 rg BT 273.43 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 275.89 138.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 293.89 138.75 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 340.21 138.75 Td (level ) Tj ET Q q 0 0 0 rg BT 362.10 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.88 138.75 Td (free ) Tj ET Q q 0 0 0 rg BT 390.87 138.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.10 138.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 431.88 138.75 Td (during ) Tj ET Q q 0 0 0 rg BT 460.44 138.75 Td (2020, ) Tj ET Q q 0 0 0 rg BT 485.40 138.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 509.50 138.75 Td (together ) Tj ET Q q 0 0 0 rg BT 544.72 138.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (current ) Tj ET Q q 0 0 0 rg BT 80.16 126.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 124.17 126.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 159.82 126.75 Td (under ) Tj ET Q q 0 0 0 rg BT 184.94 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 200.62 126.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 241.29 126.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 266.40 126.75 Td (facility) Tj ET Q q 0 0 0 rg BT 294.07 126.75 Td (, ) Tj ET Q q 0 0 0 rg BT 298.91 126.75 Td (is ) Tj ET Q q 0 0 0 rg BT 307.93 126.75 Td (not ) Tj ET Q q 0 0 0 rg BT 323.05 126.75 Td (suf) Tj ET Q q 0 0 0 rg BT 335.10 126.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 362.98 126.75 Td (to ) Tj ET Q q 0 0 0 rg BT 373.11 126.75 Td (repay ) Tj ET Q q 0 0 0 rg BT 397.66 126.75 Td (all ) Tj ET Q q 0 0 0 rg BT 410.00 126.75 Td (of ) Tj ET Q q 0 0 0 rg BT 420.68 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 436.36 126.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 455.92 126.75 Td (that ) Tj ET Q q 0 0 0 rg BT 473.26 126.75 Td (is ) Tj ET Q q 0 0 0 rg BT 482.28 126.75 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 524.61 126.75 Td (to ) Tj ET Q q 0 0 0 rg BT 534.73 126.75 Td (mature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 114.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 82.28 114.75 Td (and ) Tj ET Q q 0 0 0 rg BT 99.22 114.75 Td (2022.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 90.75 Td (e ) Tj ET Q q 0 0 0 rg BT 83.22 90.75 Td (are ) Tj ET Q q 0 0 0 rg BT 98.08 90.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 142.38 90.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 180.02 90.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 230.43 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 240.85 90.75 Td (reduce, ) Tj ET Q q 0 0 0 rg BT 272.65 90.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 300.84 90.75 Td (extend ) Tj ET Q q 0 0 0 rg BT 330.15 90.75 Td (maturities ) Tj ET Q q 0 0 0 rg BT 372.78 90.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 386.26 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 402.24 90.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 444.32 90.75 Td (debt, ) Tj ET Q q 0 0 0 rg BT 466.69 90.75 Td (focusing ) Tj ET Q q 0 0 0 rg BT 503.77 90.75 Td (particularly ) Tj ET Q q 0 0 0 rg BT 552.51 90.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.20 78.75 Td (second ) Tj ET Q q 0 0 0 rg BT 95.34 78.75 Td (lien ) Tj ET Q q 0 0 0 rg BT 112.71 78.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 132.30 78.75 Td (maturing ) Tj ET Q q 0 0 0 rg BT 170.78 78.75 Td (in ) Tj ET Q q 0 0 0 rg BT 180.93 78.75 Td (May ) Tj ET Q q 0 0 0 rg BT 201.63 78.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 224.01 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 240.82 78.75 Td (in ) Tj ET Q q 0 0 0 rg BT 250.97 78.75 Td (March ) Tj ET Q q 0 0 0 rg BT 279.44 78.75 Td (2022. ) Tj ET Q q 0 0 0 rg BT 304.31 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 306.69 78.75 Td (In ) Tj ET Q q 0 0 0 rg BT 317.39 78.75 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 366.98 78.75 Td (with ) Tj ET Q q 0 0 0 rg BT 387.13 78.75 Td (our ) Tj ET Q q 0 0 0 rg BT 402.83 78.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 422.42 78.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 462.56 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 479.37 78.75 Td (extension ) Tj ET Q q 0 0 0 rg BT 520.07 78.75 Td (ef) Tj ET Q q 0 0 0 rg BT 527.65 78.75 Td (forts, ) Tj ET Q q 0 0 0 rg BT 550.86 78.75 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.75 Td (may ) Tj ET Q q 0 0 0 rg BT 68.23 66.75 Td (engage ) Tj ET Q q 0 0 0 rg BT 98.05 66.75 Td (in ) Tj ET Q q 0 0 0 rg BT 107.34 66.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 156.62 66.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.46 66.75 Td (various ) Tj ET Q q 0 0 0 rg BT 197.40 66.75 Td (types, ) Tj ET Q q 0 0 0 rg BT 222.52 66.75 Td (including ) Tj ET Q q 0 0 0 rg BT 261.81 66.75 Td (public ) Tj ET Q q 0 0 0 rg BT 288.31 66.75 Td (or ) Tj ET Q q 0 0 0 rg BT 298.15 66.75 Td (private ) Tj ET Q q 0 0 0 rg BT 327.43 66.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 355.59 66.75 Td (raising, ) Tj ET Q q 0 0 0 rg BT 386.81 66.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 405.54 66.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 444.81 66.75 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 496.58 66.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 515.31 66.75 Td (repurchases ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (with ) Tj ET Q q 0 0 0 rg BT 70.14 726.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 108.53 726.60 Td (from ) Tj ET Q q 0 0 0 rg BT 130.83 726.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 152.02 726.60 Td (ventures ) Tj ET Q q 0 0 0 rg BT 188.76 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.94 726.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 222.24 726.60 Td (sales, ) Tj ET Q q 0 0 0 rg BT 247.04 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 258.22 726.60 Td (some ) Tj ET Q q 0 0 0 rg BT 282.19 726.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 335.04 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 346.23 726.60 Td (these ) Tj ET Q q 0 0 0 rg BT 369.63 726.60 Td (methods. ) Tj ET Q q 0 0 0 rg BT 408.88 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 411.73 726.60 Td (However) Tj ET Q q 0 0 0 rg BT 447.98 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 453.34 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 469.53 726.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 497.94 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 508.58 726.60 Td (restructure ) Tj ET Q q 0 0 0 rg BT 554.19 726.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (refinance ) Tj ET Q q 0 0 0 rg BT 88.70 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 104.03 714.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 145.47 714.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 164.69 714.60 Td (will ) Tj ET Q q 0 0 0 rg BT 182.25 714.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 213.13 714.60 Td (on ) Tj ET Q q 0 0 0 rg BT 225.13 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.35 714.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 279.13 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.46 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.68 714.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 332.33 714.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 365.99 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.44 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 397.77 714.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 434.75 714.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 474.53 714.60 Td (at ) Tj ET Q q 0 0 0 rg BT 483.75 714.60 Td (such ) Tj ET Q q 0 0 0 rg BT 504.08 714.60 Td (time ) Tj ET Q q 0 0 0 rg BT 523.86 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.30 714.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 61.31 702.60 Td (af) Tj ET Q q 0 0 0 rg BT 68.89 702.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 95.68 702.60 Td (by ) Tj ET Q q 0 0 0 rg BT 108.05 702.60 Td (concentration ) Tj ET Q q 0 0 0 rg BT 164.84 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.98 702.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 211.80 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.50 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 238.19 702.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 279.99 702.60 Td (debt. ) Tj ET Q q 0 0 0 rg BT 302.08 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 303.92 702.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 323.51 702.60 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 371.41 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.11 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 397.81 702.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 439.61 702.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 459.19 702.60 Td (could ) Tj ET Q q 0 0 0 rg BT 483.77 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 495.58 702.60 Td (at ) Tj ET Q q 0 0 0 rg BT 505.16 702.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 533.08 702.60 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.48 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 89.02 690.60 Td (may ) Tj ET Q q 0 0 0 rg BT 109.35 690.60 Td (require ) Tj ET Q q 0 0 0 rg BT 140.77 690.60 Td (us ) Tj ET Q q 0 0 0 rg BT 152.76 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.64 690.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 196.74 690.60 Td (with ) Tj ET Q q 0 0 0 rg BT 217.63 690.60 Td (more ) Tj ET Q q 0 0 0 rg BT 241.28 690.60 Td (onerous ) Tj ET Q q 0 0 0 rg BT 276.04 690.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 296.36 690.60 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 341.95 690.60 Td (which ) Tj ET Q q 0 0 0 rg BT 369.50 690.60 Td (could ) Tj ET Q q 0 0 0 rg BT 394.82 690.60 Td (further ) Tj ET Q q 0 0 0 rg BT 425.13 690.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 456.00 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 472.43 690.60 Td (business ) Tj ET Q q 0 0 0 rg BT 509.43 690.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 554.19 690.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 678.60 Td (flexibility) Tj ET Q q 0 0 0 rg BT 125.77 678.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.54 654.60 Td (ithout ) Tj ET Q q 0 0 0 rg BT 102.38 654.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 144.33 654.60 Td (access ) Tj ET Q q 0 0 0 rg BT 172.37 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.66 654.60 Td (capital, ) Tj ET Q q 0 0 0 rg BT 214.32 654.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 256.26 654.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 289.88 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 311.83 654.60 Td (lenders ) Tj ET Q q 0 0 0 rg BT 343.22 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 354.06 654.60 Td (suf) Tj ET Q q 0 0 0 rg BT 366.10 654.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 394.15 654.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 438.86 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.70 654.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.98 654.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 490.82 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 512.77 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 528.61 654.60 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 96.85 642.60 Td (there ) Tj ET Q q 0 0 0 rg BT 120.03 642.60 Td (continues ) Tj ET Q q 0 0 0 rg BT 161.54 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.51 642.60 Td (be ) Tj ET Q q 0 0 0 rg BT 185.14 642.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 231.11 642.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 249.30 642.60 Td (that ) Tj ET Q q 0 0 0 rg BT 267.49 642.60 Td (we ) Tj ET Q q 0 0 0 rg BT 282.34 642.60 Td (may ) Tj ET Q q 0 0 0 rg BT 302.75 642.60 Td (be ) Tj ET Q q 0 0 0 rg BT 315.38 642.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 345.23 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 356.20 642.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 381.60 642.60 Td (or ) Tj ET Q q 0 0 0 rg BT 393.12 642.60 Td (refinance ) Tj ET Q q 0 0 0 rg BT 433.51 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 450.03 642.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 492.66 642.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 547.50 642.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (matures ) Tj ET Q q 0 0 0 rg BT 84.07 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 94.76 630.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 117.67 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 135.02 630.60 Td (2022. ) Tj ET Q q 0 0 0 rg BT 160.43 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.70 630.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 182.83 630.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 211.84 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 222.53 630.60 Td (make ) Tj ET Q q 0 0 0 rg BT 247.09 630.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 275.56 630.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 316.79 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.04 630.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 360.38 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.73 630.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 416.19 630.60 Td (when ) Tj ET Q q 0 0 0 rg BT 440.76 630.60 Td (due ) Tj ET Q q 0 0 0 rg BT 458.11 630.60 Td (on ) Tj ET Q q 0 0 0 rg BT 471.02 630.60 Td (any ) Tj ET Q q 0 0 0 rg BT 488.37 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.61 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 515.85 630.60 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 91.62 618.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 145.96 618.60 Td (could ) Tj ET Q q 0 0 0 rg BT 170.85 618.60 Td (result ) Tj ET Q q 0 0 0 rg BT 195.75 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 206.22 618.60 Td (cross-defaults ) Tj ET Q q 0 0 0 rg BT 264.44 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.45 618.60 Td (all ) Tj ET Q q 0 0 0 rg BT 288.13 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.14 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 315.15 618.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 364.50 618.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 406.62 618.60 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 463.46 618.60 Td (which ) Tj ET Q q 0 0 0 rg BT 490.58 618.60 Td (could ) Tj ET Q q 0 0 0 rg BT 515.48 618.60 Td (then ) Tj ET Q q 0 0 0 rg BT 535.38 618.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 554.72 618.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 100.30 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 111.13 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.84 606.60 Td (maturities ) Tj ET Q q 0 0 0 rg BT 168.33 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.16 606.60 Td (such ) Tj ET Q q 0 0 0 rg BT 199.99 606.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 254.15 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.09 606.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 323.56 606.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 354.38 606.60 Td (by ) Tj ET Q q 0 0 0 rg BT 366.88 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.60 606.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 413.54 606.60 Td (thereof ) Tj ET Q q 0 0 0 rg BT 444.35 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.63 606.60 Td (collect ) Tj ET Q q 0 0 0 rg BT 483.78 606.60 Td (such ) Tj ET Q q 0 0 0 rg BT 504.61 606.60 Td (indebtedness.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.95 582.60 Td (e ) Tj ET Q q 0 0 0 rg BT 65.74 582.60 Td (may ) Tj ET Q q 0 0 0 rg BT 86.42 582.60 Td (be ) Tj ET Q q 0 0 0 rg BT 98.77 582.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 130.03 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.71 582.60 Td (access ) Tj ET Q q 0 0 0 rg BT 169.16 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.84 582.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 213.87 582.60 Td (or) Tj ET Q q 0 0 0 rg BT 223.13 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 225.48 582.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 246.72 582.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 277.96 582.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 315.30 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 325.99 582.60 Td (raise ) Tj ET Q q 0 0 0 rg BT 348.89 582.60 Td (sufficient ) Tj ET Q q 0 0 0 rg BT 390.68 582.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 421.92 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.60 582.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 455.49 582.60 Td (our) Tj ET Q q 0 0 0 rg BT 470.31 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.66 582.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 521.69 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 532.38 582.60 Td (light ) Tj ET Q q 0 0 0 rg BT 554.19 582.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (r) Tj ET Q q 0 0 0 rg BT 53.76 570.60 Td (ecent ) Tj ET Q q 0 0 0 rg BT 78.46 570.60 Td (tr) Tj ET Q q 0 0 0 rg BT 86.05 570.60 Td (ends ) Tj ET Q q 0 0 0 rg BT 108.01 570.60 Td (affecting ) Tj ET Q q 0 0 0 rg BT 147.71 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.54 570.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 206.05 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.88 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.71 570.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 284.10 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 302.72 570.60 Td (pr) Tj ET Q q 0 0 0 rg BT 312.54 570.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 352.27 570.60 Td (sector) Tj ET Q q 0 0 0 rg BT 376.89 570.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (Recent ) Tj ET Q q 0 0 0 rg BT 97.78 546.60 Td (reluctance ) Tj ET Q q 0 0 0 rg BT 141.37 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.22 546.60 Td (traditional ) Tj ET Q q 0 0 0 rg BT 195.83 546.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 225.00 546.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 257.50 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 267.79 546.60 Td (invest ) Tj ET Q q 0 0 0 rg BT 294.19 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 304.49 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.22 546.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 367.28 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.23 546.60 Td (production ) Tj ET Q q 0 0 0 rg BT 430.07 546.60 Td (sector ) Tj ET Q q 0 0 0 rg BT 456.46 546.60 Td (based ) Tj ET Q q 0 0 0 rg BT 481.74 546.60 Td (on ) Tj ET Q q 0 0 0 rg BT 494.26 546.60 Td (market ) Tj ET Q q 0 0 0 rg BT 524.54 546.60 Td (volatility) Tj ET Q q 0 0 0 rg BT 560.00 546.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (perceived ) Tj ET Q q 0 0 0 rg BT 92.37 534.60 Td (underperformance ) Tj ET Q q 0 0 0 rg BT 169.67 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.12 534.60 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 252.38 534.60 Td (social ) Tj ET Q q 0 0 0 rg BT 279.71 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.16 534.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 348.25 534.60 Td (\(ESG\) ) Tj ET Q q 0 0 0 rg BT 377.81 534.60 Td (trends, ) Tj ET Q q 0 0 0 rg BT 408.76 534.60 Td (has ) Tj ET Q q 0 0 0 rg BT 426.10 534.60 Td (raised ) Tj ET Q q 0 0 0 rg BT 453.98 534.60 Td (concerns ) Tj ET Q q 0 0 0 rg BT 493.53 534.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 535.85 534.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 97.22 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 111.62 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.57 522.60 Td (sector) Tj ET Q q 0 0 0 rg BT 149.90 522.60 Td (. ) Tj ET Q q 0 0 0 rg BT 155.13 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.67 522.60 Td (The ) Tj ET Q q 0 0 0 rg BT 175.96 522.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 194.80 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 205.87 522.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 246.38 522.60 Td (money ) Tj ET Q q 0 0 0 rg BT 276.33 522.60 Td (from ) Tj ET Q q 0 0 0 rg BT 298.51 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.46 522.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 338.96 522.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 373.35 522.60 Td (has ) Tj ET Q q 0 0 0 rg BT 389.42 522.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 429.91 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 440.98 522.60 Td (many ) Tj ET Q q 0 0 0 rg BT 465.93 522.60 Td (lenders ) Tj ET Q q 0 0 0 rg BT 497.55 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.72 522.60 Td (institutional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 87.38 510.60 Td (have ) Tj ET Q q 0 0 0 rg BT 108.02 510.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 147.54 510.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 178.74 510.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 201.89 510.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 234.19 510.60 Td (tighter ) Tj ET Q q 0 0 0 rg BT 262.06 510.60 Td (lending ) Tj ET Q q 0 0 0 rg BT 293.82 510.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 333.36 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.56 510.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 382.98 510.60 Td (\(and ) Tj ET Q q 0 0 0 rg BT 402.51 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 412.06 510.60 Td (some ) Tj ET Q q 0 0 0 rg BT 434.93 510.60 Td (cases ) Tj ET Q q 0 0 0 rg BT 457.80 510.60 Td (ceased ) Tj ET Q q 0 0 0 rg BT 486.21 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 495.76 510.60 Td (provide\) ) Tj ET Q q 0 0 0 rg BT 531.40 510.60 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.94 498.60 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 105.64 498.60 Td (If ) Tj ET Q q 0 0 0 rg BT 114.96 498.60 Td (those ) Tj ET Q q 0 0 0 rg BT 138.73 498.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 173.05 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 187.92 498.60 Td (unavailable, ) Tj ET Q q 0 0 0 rg BT 239.17 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 250.16 498.60 Td (if ) Tj ET Q q 0 0 0 rg BT 258.93 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 273.25 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 288.12 498.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 317.43 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 327.87 498.60 Td (access ) Tj ET Q q 0 0 0 rg BT 356.07 498.60 Td (them ) Tj ET Q q 0 0 0 rg BT 378.73 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 389.72 498.60 Td (alternative ) Tj ET Q q 0 0 0 rg BT 434.58 498.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 475.00 498.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 507.65 498.60 Td (on ) Tj ET Q q 0 0 0 rg BT 520.32 498.60 Td (acceptable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (terms, ) Tj ET Q q 0 0 0 rg BT 76.94 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 91.31 486.60 Td (may ) Tj ET Q q 0 0 0 rg BT 111.25 486.60 Td (be ) Tj ET Q q 0 0 0 rg BT 123.41 486.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 152.78 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.28 486.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 188.20 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 204.25 486.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 246.41 486.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 266.34 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 277.39 486.60 Td (carry ) Tj ET Q q 0 0 0 rg BT 300.65 486.60 Td (out ) Tj ET Q q 0 0 0 rg BT 316.14 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 332.19 486.60 Td (business ) Tj ET Q q 0 0 0 rg BT 368.80 486.60 Td (strategy) Tj ET Q q 0 0 0 rg BT 399.81 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 405.03 486.60 Td (with ) Tj ET Q q 0 0 0 rg BT 425.52 486.60 Td (an ) Tj ET Q q 0 0 0 rg BT 437.68 486.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 498.71 486.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 535.30 486.60 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 474.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.31 474.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 158.08 474.60 Td (results ) Tj ET Q q 0 0 0 rg BT 186.69 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.52 474.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 241.68 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.62 474.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 286.67 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 296.95 474.60 Td (service ) Tj ET Q q 0 0 0 rg BT 327.76 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 343.59 474.60 Td (indebtedness.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (Constraints ) Tj ET Q q 0 0 0 rg BT 102.00 450.60 Td (on ) Tj ET Q q 0 0 0 rg BT 115.07 450.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 153.69 450.60 Td (could ) Tj ET Q q 0 0 0 rg BT 179.53 450.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 202.03 450.60 Td (our) Tj ET Q q 0 0 0 rg BT 216.85 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 219.35 450.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 270.74 450.60 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 313.79 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.41 450.60 Td (gr) Tj ET Q q 0 0 0 rg BT 341.67 450.60 Td (owth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.95 426.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 106.49 426.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 133.21 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 147.99 426.60 Td (have ) Tj ET Q q 0 0 0 rg BT 169.99 426.60 Td (been ) Tj ET Q q 0 0 0 rg BT 191.99 426.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 236.21 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.10 426.60 Td (managing ) Tj ET Q q 0 0 0 rg BT 289.66 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 306.11 426.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 335.88 426.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 390.09 426.60 Td (so ) Tj ET Q q 0 0 0 rg BT 402.10 426.60 Td (that ) Tj ET Q q 0 0 0 rg BT 420.22 426.60 Td (they ) Tj ET Q q 0 0 0 rg BT 440.56 426.60 Td (do ) Tj ET Q q 0 0 0 rg BT 453.68 426.60 Td (not ) Tj ET Q q 0 0 0 rg BT 469.58 426.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 500.45 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 516.90 426.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.79 426.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 565.01 426.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 89.69 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 105.44 414.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 141.75 414.60 Td (has ) Tj ET Q q 0 0 0 rg BT 157.49 414.60 Td (been, ) Tj ET Q q 0 0 0 rg BT 181.29 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.14 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.34 414.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 230.75 414.60 Td (is ) Tj ET Q q 0 0 0 rg BT 239.84 414.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 277.79 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 287.98 414.60 Td (remain, ) Tj ET Q q 0 0 0 rg BT 320.66 414.60 Td (suf) Tj ET Q q 0 0 0 rg BT 332.70 414.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 360.66 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 370.85 414.60 Td (support ) Tj ET Q q 0 0 0 rg BT 403.27 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 419.02 414.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 448.08 414.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 501.59 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.45 414.60 Td (service ) Tj ET Q q 0 0 0 rg BT 549.18 414.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 106.51 402.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 143.25 402.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 190.54 402.60 Td (coming ) Tj ET Q q 0 0 0 rg BT 223.39 402.60 Td (from ) Tj ET Q q 0 0 0 rg BT 245.68 402.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 271.30 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 284.71 402.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 311.44 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 328.73 402.60 Td (restraints ) Tj ET Q q 0 0 0 rg BT 368.24 402.60 Td (on ) Tj ET Q q 0 0 0 rg BT 381.09 402.60 Td (traditional ) Tj ET Q q 0 0 0 rg BT 425.04 402.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 454.55 402.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 487.39 402.60 Td (for ) Tj ET Q q 0 0 0 rg BT 501.90 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 402.60 Td (exploration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.09 390.60 Td (production ) Tj ET Q q 0 0 0 rg BT 113.57 390.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 149.50 390.60 Td (could ) Tj ET Q q 0 0 0 rg BT 174.88 390.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 219.68 390.60 Td (af) Tj ET Q q 0 0 0 rg BT 227.27 390.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 245.41 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 261.89 390.60 Td (level ) Tj ET Q q 0 0 0 rg BT 284.48 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.96 390.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.77 390.60 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 382.52 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.11 390.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 419.93 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 436.42 390.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 490.10 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 501.58 390.60 Td (production ) Tj ET Q q 0 0 0 rg BT 548.06 390.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 96.99 378.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.26 378.60 Td (flow) Tj ET Q q 0 0 0 rg BT 134.94 378.60 Td (. ) Tj ET Q q 0 0 0 rg BT 139.95 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 142.46 378.60 Td (In ) Tj ET Q q 0 0 0 rg BT 153.29 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.01 378.60 Td (absence ) Tj ET Q q 0 0 0 rg BT 202.17 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.00 378.60 Td (suf) Tj ET Q q 0 0 0 rg BT 225.04 378.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 253.09 378.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 273.37 378.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 298.10 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.04 378.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 344.20 378.60 Td (resources, ) Tj ET Q q 0 0 0 rg BT 386.96 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 401.13 378.60 Td (could ) Tj ET Q q 0 0 0 rg BT 425.85 378.60 Td (face ) Tj ET Q q 0 0 0 rg BT 445.00 378.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 490.28 378.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 526.68 378.60 Td (pressure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 366.60 Td (might ) Tj ET Q q 0 0 0 rg BT 92.27 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 104.21 366.60 Td (required ) Tj ET Q q 0 0 0 rg BT 140.03 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 150.31 366.60 Td (dispose ) Tj ET Q q 0 0 0 rg BT 182.81 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.64 366.60 Td (material ) Tj ET Q q 0 0 0 rg BT 228.89 366.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 254.72 366.60 Td (at ) Tj ET Q q 0 0 0 rg BT 264.44 366.60 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 314.70 366.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (If ) Tj ET Q q 0 0 0 rg BT 59.28 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 73.50 342.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 104.95 342.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 128.05 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.94 342.60 Td (�price ) Tj ET Q q 0 0 0 rg BT 173.16 342.60 Td (criteria� ) Tj ET Q q 0 0 0 rg BT 212.36 342.60 Td (for) Tj ET Q q 0 0 0 rg BT 224.94 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 227.50 342.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 272.30 342.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 300.97 342.60 Td (on ) Tj ET Q q 0 0 0 rg BT 314.10 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.99 342.60 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 361.72 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.61 342.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 406.85 342.60 Td (may ) Tj ET Q q 0 0 0 rg BT 427.74 342.60 Td (delist ) Tj ET Q q 0 0 0 rg BT 453.07 342.60 Td (our) Tj ET Q q 0 0 0 rg BT 467.89 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 470.45 342.60 Td (common ) Tj ET Q q 0 0 0 rg BT 509.67 342.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 536.96 342.60 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.76 330.60 Td (have ) Tj ET Q q 0 0 0 rg BT 96.68 330.60 Td (an ) Tj ET Q q 0 0 0 rg BT 109.16 330.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 143.85 330.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 175.20 330.60 Td (on ) Tj ET Q q 0 0 0 rg BT 187.68 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.93 330.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 236.52 330.60 Td (volume, ) Tj ET Q q 0 0 0 rg BT 272.05 330.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 310.10 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 328.14 330.60 Td (market ) Tj ET Q q 0 0 0 rg BT 361.16 330.60 Td (price ) Tj ET Q q 0 0 0 rg BT 384.73 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.98 330.60 Td (our) Tj ET Q q 0 0 0 rg BT 409.80 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 411.72 330.60 Td (common ) Tj ET Q q 0 0 0 rg BT 450.30 330.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 476.94 330.60 Td (or) Tj ET Q q 0 0 0 rg BT 486.19 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 488.11 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.36 330.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 536.95 330.60 Td (prices ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 318.60 Td (our) Tj ET Q q 0 0 0 rg BT 75.15 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.65 318.60 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 9.93 82.65 316.44 cm /I20 Do Q q 0 0 0 rg BT 90.15 318.60 Td (% ) Tj ET Q q 0 0 0 rg BT 102.65 318.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 155.70 318.60 Td (Senior) Tj ET Q q 0 0 0 rg BT 183.29 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 185.79 318.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 212.18 318.60 Td (due ) Tj ET Q q 0 0 0 rg BT 230.24 318.60 Td (2024.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (If ) Tj ET Q q 0 0 0 rg BT 76.69 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 90.89 294.60 Td (do ) Tj ET Q q 0 0 0 rg BT 103.42 294.60 Td (not ) Tj ET Q q 0 0 0 rg BT 118.74 294.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 156.26 294.60 Td (an ) Tj ET Q q 0 0 0 rg BT 168.23 294.60 Td (average ) Tj ET Q q 0 0 0 rg BT 201.85 294.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 233.27 294.60 Td (price ) Tj ET Q q 0 0 0 rg BT 255.79 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 266.66 294.60 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 291.69 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 302.55 294.60 Td (more ) Tj ET Q q 0 0 0 rg BT 325.63 294.60 Td (for ) Tj ET Q q 0 0 0 rg BT 339.83 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 355.69 294.60 Td (common ) Tj ET Q q 0 0 0 rg BT 393.22 294.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 416.87 294.60 Td (over ) Tj ET Q q 0 0 0 rg BT 437.17 294.60 Td (any ) Tj ET Q q 0 0 0 rg BT 454.14 294.60 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 503.88 294.60 Td (30 ) Tj ET Q q 0 0 0 rg BT 516.41 294.60 Td (trading-day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 79.43 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.52 282.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 121.52 282.60 Td (may ) Tj ET Q q 0 0 0 rg BT 140.61 282.60 Td (delist ) Tj ET Q q 0 0 0 rg BT 164.16 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 179.37 282.60 Td (common ) Tj ET Q q 0 0 0 rg BT 216.24 282.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 239.23 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 252.77 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 259.09 282.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 287.06 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 296.72 282.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 333.59 282.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 381.56 282.60 Td (with ) Tj ET Q q 0 0 0 rg BT 401.22 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.32 282.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 443.31 282.60 Td (price ) Tj ET Q q 0 0 0 rg BT 465.17 282.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 495.36 282.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 522.25 282.60 Td (standards. ) Tj ET Q q 0 0 0 rg BT 565.02 282.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (As ) Tj ET Q q 0 0 0 rg BT 63.12 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 73.96 270.60 Td (February ) Tj ET Q q 0 0 0 rg BT 112.56 270.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 127.57 270.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 152.57 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.30 270.60 Td (average ) Tj ET Q q 0 0 0 rg BT 200.89 270.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 232.28 270.60 Td (price ) Tj ET Q q 0 0 0 rg BT 254.77 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.61 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 281.44 270.60 Td (common ) Tj ET Q q 0 0 0 rg BT 318.95 270.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 342.56 270.60 Td (over ) Tj ET Q q 0 0 0 rg BT 362.84 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.56 270.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 430.05 270.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 471.98 270.60 Td (30 ) Tj ET Q q 0 0 0 rg BT 484.49 270.60 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 534.20 270.60 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (day ) Tj ET Q q 0 0 0 rg BT 65.68 258.60 Td (period ) Tj ET Q q 0 0 0 rg BT 92.97 258.60 Td (was ) Tj ET Q q 0 0 0 rg BT 110.27 258.60 Td ($1.04 ) Tj ET Q q 0 0 0 rg BT 134.51 258.60 Td (per ) Tj ET Q q 0 0 0 rg BT 149.02 258.60 Td (share, ) Tj ET Q q 0 0 0 rg BT 174.36 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.54 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 205.62 258.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 236.25 258.60 Td (price ) Tj ET Q q 0 0 0 rg BT 257.98 258.60 Td (was ) Tj ET Q q 0 0 0 rg BT 275.27 258.60 Td ($0.84 ) Tj ET Q q 0 0 0 rg BT 299.51 258.60 Td (per ) Tj ET Q q 0 0 0 rg BT 314.03 258.60 Td (share ) Tj ET Q q 0 0 0 rg BT 336.87 258.60 Td (on ) Tj ET Q q 0 0 0 rg BT 348.61 258.60 Td (February ) Tj ET Q q 0 0 0 rg BT 386.45 258.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 400.70 258.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 424.94 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 426.68 258.60 Td (Despite ) Tj ET Q q 0 0 0 rg BT 458.97 258.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 486.83 258.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 508.01 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.19 258.60 Td (processes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (that ) Tj ET Q q 0 0 0 rg BT 67.62 246.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 101.30 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 108.86 246.60 Td (period ) Tj ET Q q 0 0 0 rg BT 137.54 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.99 246.60 Td (time ) Tj ET Q q 0 0 0 rg BT 169.90 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.80 246.60 Td (cure ) Tj ET Q q 0 0 0 rg BT 201.14 246.60 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 268.68 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 289.59 246.60 Td (this ) Tj ET Q q 0 0 0 rg BT 307.16 246.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 336.40 246.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 373.41 246.60 Td (\(during ) Tj ET Q q 0 0 0 rg BT 405.97 246.60 Td (which ) Tj ET Q q 0 0 0 rg BT 433.54 246.60 Td (time ) Tj ET Q q 0 0 0 rg BT 454.44 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.79 246.60 Td (issuer) Tj ET Q q 0 0 0 rg BT 493.49 246.60 Td (�) Tj ET Q q 0 0 0 rg BT 496.27 246.60 Td (s ) Tj ET Q q 0 0 0 rg BT 503.28 246.60 Td (common ) Tj ET Q q 0 0 0 rg BT 541.41 246.60 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.43 234.60 Td (continues ) Tj ET Q q 0 0 0 rg BT 130.49 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.00 234.60 Td (be ) Tj ET Q q 0 0 0 rg BT 153.17 234.60 Td (traded ) Tj ET Q q 0 0 0 rg BT 180.89 234.60 Td (on ) Tj ET Q q 0 0 0 rg BT 193.62 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.57 234.60 Td (NYSE\), ) Tj ET Q q 0 0 0 rg BT 243.25 234.60 Td (there ) Tj ET Q q 0 0 0 rg BT 265.96 234.60 Td (is ) Tj ET Q q 0 0 0 rg BT 275.36 234.60 Td (no ) Tj ET Q q 0 0 0 rg BT 288.10 234.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 329.70 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 347.42 234.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 378.48 234.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 405.09 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 416.15 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.21 234.60 Td (common ) Tj ET Q q 0 0 0 rg BT 469.94 234.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 493.78 234.60 Td (or ) Tj ET Q q 0 0 0 rg BT 504.84 234.60 Td (other ) Tj ET Q q 0 0 0 rg BT 528.12 234.60 Td (steps ) Tj ET Q q 0 0 0 rg BT 550.85 234.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (take ) Tj ET Q q 0 0 0 rg BT 68.28 222.60 Td (\(such ) Tj ET Q q 0 0 0 rg BT 92.06 222.60 Td (as ) Tj ET Q q 0 0 0 rg BT 102.52 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 109.08 222.60 Td (reverse ) Tj ET Q q 0 0 0 rg BT 140.07 222.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 163.30 222.60 Td (split\) ) Tj ET Q q 0 0 0 rg BT 185.98 222.60 Td (would ) Tj ET Q q 0 0 0 rg BT 213.11 222.60 Td (be ) Tj ET Q q 0 0 0 rg BT 224.67 222.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 267.89 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 277.80 222.60 Td (assuring ) Tj ET Q q 0 0 0 rg BT 313.25 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 328.70 222.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 370.26 222.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 397.39 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 409.51 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.86 222.60 Td (NYSE. ) Tj ET Q q 0 0 0 rg BT 454.59 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 456.25 222.60 Td (A) Tj ET Q q 0 0 0 rg BT 462.92 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 465.04 222.60 Td (delisting ) Tj ET Q q 0 0 0 rg BT 501.61 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.06 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 222.60 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.99 210.60 Td (from ) Tj ET Q q 0 0 0 rg BT 94.80 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.40 210.60 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 137.89 210.60 Td (would ) Tj ET Q q 0 0 0 rg BT 165.27 210.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 190.42 210.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 219.44 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.04 210.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 270.31 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.12 210.60 Td (market ) Tj ET Q q 0 0 0 rg BT 317.26 210.60 Td (price ) Tj ET Q q 0 0 0 rg BT 339.63 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.33 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 366.04 210.60 Td (common ) Tj ET Q q 0 0 0 rg BT 403.42 210.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 426.90 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 443.72 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.31 210.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 489.02 210.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.27 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.98 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 541.69 210.60 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 546.69 208.44 cm /I21 Do Q q 0 0 0 rg BT 554.19 210.60 Td (% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 99.13 198.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 127.65 198.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 153.40 198.60 Td (due ) Tj ET Q q 0 0 0 rg BT 170.25 198.60 Td (2024, ) Tj ET Q q 0 0 0 rg BT 195.17 198.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 224.23 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.86 198.60 Td (number ) Tj ET Q q 0 0 0 rg BT 271.83 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.57 198.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 321.10 198.60 Td (willing ) Tj ET Q q 0 0 0 rg BT 351.85 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.04 198.60 Td (hold ) Tj ET Q q 0 0 0 rg BT 382.24 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 392.98 198.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 424.82 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 440.57 198.60 Td (common ) Tj ET Q q 0 0 0 rg BT 477.98 198.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 504.00 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 520.86 198.60 Td (negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.21 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 95.04 186.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 123.09 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 133.37 186.60 Td (raise ) Tj ET Q q 0 0 0 rg BT 154.75 186.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 182.24 186.60 Td (financing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 59.70 162.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 100.46 162.60 Td (downturn ) Tj ET Q q 0 0 0 rg BT 146.22 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.09 162.60 Td (one ) Tj ET Q q 0 0 0 rg BT 176.62 162.60 Td (or) Tj ET Q q 0 0 0 rg BT 185.88 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 189.41 162.60 Td (mor) Tj ET Q q 0 0 0 rg BT 207.00 162.60 Td (e ) Tj ET Q q 0 0 0 rg BT 214.97 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.83 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.69 162.60 Td (world�) Tj ET Q q 0 0 0 rg BT 271.65 162.60 Td (s ) Tj ET Q q 0 0 0 rg BT 279.07 162.60 Td (major) Tj ET Q q 0 0 0 rg BT 304.99 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 308.52 162.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 347.04 162.60 Td (could ) Tj ET Q q 0 0 0 rg BT 373.91 162.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 420.76 162.60 Td (affect ) Tj ET Q q 0 0 0 rg BT 448.16 162.60 Td (our) Tj ET Q q 0 0 0 rg BT 462.98 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.51 162.60 Td (business ) Tj ET Q q 0 0 0 rg BT 505.62 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 525.27 162.60 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 126.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.45 126.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.84 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 124.23 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.07 126.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 168.90 126.60 Td (on ) Tj ET Q q 0 0 0 rg BT 181.51 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.35 126.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 230.62 126.60 Td (for ) Tj ET Q q 0 0 0 rg BT 244.90 126.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 260.57 126.60 Td (drops ) Tj ET Q q 0 0 0 rg BT 285.41 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 295.81 126.60 Td (domestic ) Tj ET Q q 0 0 0 rg BT 334.53 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 345.47 126.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 376.97 126.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 418.46 126.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 449.40 126.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 473.40 126.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 508.78 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 519.73 126.60 Td (worldwide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 87.81 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 97.26 114.60 Td (tarif) Tj ET Q q 0 0 0 rg BT 113.73 114.60 Td (fs ) Tj ET Q q 0 0 0 rg BT 122.62 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.62 114.60 Td (other ) Tj ET Q q 0 0 0 rg BT 154.83 114.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 176.49 114.60 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 225.09 114.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 268.97 114.60 Td (international ) Tj ET Q q 0 0 0 rg BT 321.17 114.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 357.82 114.60 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 409.19 114.60 Td (evolving ) Tj ET Q q 0 0 0 rg BT 445.86 114.60 Td (political ) Tj ET Q q 0 0 0 rg BT 480.29 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.40 114.60 Td (military ) Tj ET Q q 0 0 0 rg BT 529.73 114.60 Td (tensions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.82 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.58 102.60 Td (Middle ) Tj ET Q q 0 0 0 rg BT 106.01 102.60 Td (East, ) Tj ET Q q 0 0 0 rg BT 128.27 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 135.25 102.60 Td (sustained ) Tj ET Q q 0 0 0 rg BT 175.01 102.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 200.32 102.60 Td (crisis, ) Tj ET Q q 0 0 0 rg BT 226.47 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 237.34 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 244.32 102.60 Td (worsening ) Tj ET Q q 0 0 0 rg BT 288.53 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.40 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.16 102.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 340.58 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 351.45 102.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 397.86 102.60 Td (future ) Tj ET Q q 0 0 0 rg BT 424.28 102.60 Td (drop ) Tj ET Q q 0 0 0 rg BT 445.15 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.47 102.60 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 500.78 102.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 513.88 102.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 548.08 102.60 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.36 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.65 90.60 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 123.73 90.60 Td (coronavirus, ) Tj ET Q q 0 0 0 rg BT 176.51 90.60 Td (a ) Tj ET Q q 0 0 0 rg BT 184.03 90.60 Td (severe ) Tj ET Q q 0 0 0 rg BT 212.64 90.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 254.60 90.60 Td (contraction ) Tj ET Q q 0 0 0 rg BT 302.65 90.60 Td (either ) Tj ET Q q 0 0 0 rg BT 328.50 90.60 Td (regionally ) Tj ET Q q 0 0 0 rg BT 372.12 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 383.53 90.60 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 429.37 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 440.78 90.60 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 473.30 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 484.16 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.46 90.60 Td (global ) Tj ET Q q 0 0 0 rg BT 527.53 90.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (system, ) Tj ET Q q 0 0 0 rg BT 82.48 78.60 Td (could ) Tj ET Q q 0 0 0 rg BT 107.39 78.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 150.62 78.60 Td (af) Tj ET Q q 0 0 0 rg BT 158.21 78.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 175.89 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 191.92 78.60 Td (business ) Tj ET Q q 0 0 0 rg BT 228.51 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 245.64 78.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.32 78.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 323.79 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 334.82 78.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 364.73 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 380.75 78.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 409.00 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 419.48 78.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 451.60 78.60 Td (operations.� ) Tj ET Q q 0 0 0 rg BT 500.95 78.60 Td (Negative ) Tj ET Q q 0 0 0 rg BT 539.74 78.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (market ) Tj ET Q q 0 0 0 rg BT 80.65 66.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 125.69 66.60 Td (could ) Tj ET Q q 0 0 0 rg BT 151.29 66.60 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 180.79 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.50 66.60 Td (lenders ) Tj ET Q q 0 0 0 rg BT 229.76 66.60 Td (from ) Tj ET Q q 0 0 0 rg BT 252.58 66.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 287.08 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.79 66.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 331.61 66.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 365.53 66.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 388.35 66.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 414.50 66.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 446.20 66.60 Td (or ) Tj ET Q q 0 0 0 rg BT 457.91 66.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 483.50 66.60 Td (them ) Tj ET Q q 0 0 0 rg BT 506.88 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.04 66.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 549.19 66.60 Td (our ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 93.39 726.60 Td (base ) Tj ET Q q 0 0 0 rg BT 113.39 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 123.95 726.60 Td (make ) Tj ET Q q 0 0 0 rg BT 147.84 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.28 726.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 186.73 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.29 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.85 726.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 239.52 726.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 272.29 726.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 293.96 726.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 318.95 726.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 349.50 726.60 Td (more ) Tj ET Q q 0 0 0 rg BT 372.28 726.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 398.40 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.07 726.60 Td (more ) Tj ET Q q 0 0 0 rg BT 437.84 726.60 Td (restrictive.��Negative ) Tj ET Q q 0 0 0 rg BT 523.65 726.60 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.44 714.60 Td (could ) Tj ET Q q 0 0 0 rg BT 119.93 714.60 Td (also ) Tj ET Q q 0 0 0 rg BT 139.31 714.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 180.90 714.60 Td (af) Tj ET Q q 0 0 0 rg BT 188.49 714.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.75 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.24 714.60 Td (collectability ) Tj ET Q q 0 0 0 rg BT 277.72 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.32 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 305.92 714.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 329.18 714.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 377.43 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 389.03 714.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 442.83 714.60 Td (by ) Tj ET Q q 0 0 0 rg BT 456.10 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 472.71 714.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 512.09 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 523.69 714.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 549.17 714.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.55 702.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 132.27 702.60 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 188.63 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.91 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 210.85 702.60 Td (inef) Tj ET Q q 0 0 0 rg BT 226.21 702.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 255.92 702.60 Td (if ) Tj ET Q q 0 0 0 rg BT 264.52 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 280.35 702.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 339.50 702.60 Td (are ) Tj ET Q q 0 0 0 rg BT 354.20 702.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 383.36 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 393.64 702.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 428.34 702.60 Td (their ) Tj ET Q q 0 0 0 rg BT 449.17 702.60 Td (obligations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (Incr) Tj ET Q q 0 0 0 rg BT 67.65 678.60 Td (eases ) Tj ET Q q 0 0 0 rg BT 91.81 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 102.65 678.60 Td (inter) Tj ET Q q 0 0 0 rg BT 123.02 678.60 Td (est ) Tj ET Q q 0 0 0 rg BT 137.18 678.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 160.77 678.60 Td (could ) Tj ET Q q 0 0 0 rg BT 186.61 678.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 229.66 678.60 Td (affect ) Tj ET Q q 0 0 0 rg BT 256.03 678.60 Td (our) Tj ET Q q 0 0 0 rg BT 270.85 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.35 678.60 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.33 654.60 Td (business ) Tj ET Q q 0 0 0 rg BT 121.50 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.22 654.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 178.26 654.60 Td (results ) Tj ET Q q 0 0 0 rg BT 206.64 654.60 Td (can ) Tj ET Q q 0 0 0 rg BT 222.80 654.60 Td (be ) Tj ET Q q 0 0 0 rg BT 234.51 654.60 Td (harmed ) Tj ET Q q 0 0 0 rg BT 266.78 654.60 Td (by ) Tj ET Q q 0 0 0 rg BT 279.06 654.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 317.98 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 328.03 654.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.75 654.60 Td (rates. ) Tj ET Q q 0 0 0 rg BT 383.40 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 385.51 654.60 Td (These ) Tj ET Q q 0 0 0 rg BT 411.67 654.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 446.15 654.60 Td (could ) Tj ET Q q 0 0 0 rg BT 470.65 654.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 495.13 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 510.74 654.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 529.13 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 539.74 654.60 Td (doing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (business ) Tj ET Q q 0 0 0 rg BT 85.19 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.78 642.60 Td (increase, ) Tj ET Q q 0 0 0 rg BT 131.83 642.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 152.53 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.66 642.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 195.02 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 204.60 642.60 Td (pursue ) Tj ET Q q 0 0 0 rg BT 233.06 642.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 278.75 642.60 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 335.82 642.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 364.27 642.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.84 642.60 Td (flow) Tj ET Q q 0 0 0 rg BT 401.52 642.60 Td (, ) Tj ET Q q 0 0 0 rg BT 405.83 642.60 Td (af) Tj ET Q q 0 0 0 rg BT 413.42 642.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.20 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 445.34 642.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 476.57 642.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 498.38 642.60 Td (under ) Tj ET Q q 0 0 0 rg BT 522.95 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 538.08 642.60 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 82.54 630.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 104.48 630.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 129.74 630.60 Td (facility) Tj ET Q q 0 0 0 rg BT 157.41 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 162.41 630.60 Td (or ) Tj ET Q q 0 0 0 rg BT 173.24 630.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 208.49 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.21 630.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 241.82 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 252.65 630.60 Td (any ) Tj ET Q q 0 0 0 rg BT 269.59 630.60 Td (new ) Tj ET Q q 0 0 0 rg BT 288.75 630.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 308.46 630.60 Td (financings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.59 606.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 93.76 606.60 Td (cr) Tj ET Q q 0 0 0 rg BT 102.46 606.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 121.06 606.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 152.98 606.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 193.24 606.60 Td (date ) Tj ET Q q 0 0 0 rg BT 214.06 606.60 Td (�springs ) Tj ET Q q 0 0 0 rg BT 252.67 606.60 Td (forward� ) Tj ET Q q 0 0 0 rg BT 295.15 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 305.97 606.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 330.69 606.60 Td (earlier) Tj ET Q q 0 0 0 rg BT 358.82 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 361.31 606.60 Td (than ) Tj ET Q q 0 0 0 rg BT 383.25 606.60 Td (December) Tj ET Q q 0 0 0 rg BT 426.38 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 428.87 606.60 Td (9, ) Tj ET Q q 0 0 0 rg BT 438.86 606.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 461.35 606.60 Td (if ) Tj ET Q q 0 0 0 rg BT 469.94 606.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.42 606.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 548.81 606.60 Td (ar) Tj ET Q q 0 0 0 rg BT 558.07 606.60 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (not ) Tj ET Q q 0 0 0 rg BT 65.89 594.60 Td (satisfied.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.48 570.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 127.15 570.60 Td (s ) Tj ET Q q 0 0 0 rg BT 133.47 570.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 160.34 570.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 193.31 570.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 215.18 570.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 240.38 570.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 271.13 570.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 308.00 570.60 Td (for ) Tj ET Q q 0 0 0 rg BT 322.10 570.60 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 372.83 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 383.59 570.60 Td (its ) Tj ET Q q 0 0 0 rg BT 395.47 570.60 Td (December ) Tj ET Q q 0 0 0 rg BT 438.99 570.60 Td (9, ) Tj ET Q q 0 0 0 rg BT 448.92 570.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 471.35 570.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 507.67 570.60 Td (date ) Tj ET Q q 0 0 0 rg BT 526.76 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 536.97 570.60 Td (earlier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 72.51 558.60 Td (during ) Tj ET Q q 0 0 0 rg BT 101.08 558.60 Td (2021, ) Tj ET Q q 0 0 0 rg BT 126.05 558.60 Td (keyed ) Tj ET Q q 0 0 0 rg BT 152.39 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 162.63 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.32 558.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 213.66 558.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 236.67 558.60 Td (during ) Tj ET Q q 0 0 0 rg BT 265.25 558.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 287.71 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.51 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 314.30 558.60 Td (9% ) Tj ET Q q 0 0 0 rg BT 330.10 558.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 358.67 558.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 393.34 558.60 Td (Second ) Tj ET Q q 0 0 0 rg BT 425.25 558.60 Td (Lien ) Tj ET Q q 0 0 0 rg BT 446.04 558.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 471.83 558.60 Td (due ) Tj ET Q q 0 0 0 rg BT 488.73 558.60 Td (May ) Tj ET Q q 0 0 0 rg BT 509.53 558.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 524.49 558.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 546.96 558.60 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (�2021 ) Tj ET Q q 0 0 0 rg BT 77.07 546.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 106.31 546.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 141.65 546.60 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 175.88 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.45 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 209.91 546.60 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 214.91 544.44 cm /I22 Do Q q 0 0 0 rg BT 222.41 546.60 Td (% ) Tj ET Q q 0 0 0 rg BT 233.87 546.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 263.11 546.60 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 319.57 546.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 346.03 546.60 Td (due ) Tj ET Q q 0 0 0 rg BT 362.91 546.60 Td (August ) Tj ET Q q 0 0 0 rg BT 394.93 546.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 410.56 546.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 433.69 546.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 452.37 546.60 Td (�2021 ) Tj ET Q q 0 0 0 rg BT 479.94 546.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 509.18 546.60 Td (Subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (Notes�\), ) Tj ET Q q 0 0 0 rg BT 85.60 534.60 Td (as ) Tj ET Q q 0 0 0 rg BT 96.43 534.60 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 510.60 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 510.60 Td (o ) Tj ET Q q 0 0 0 rg BT 98.30 510.60 Td (February ) Tj ET Q q 0 0 0 rg BT 136.78 510.60 Td (12, ) Tj ET Q q 0 0 0 rg BT 151.66 510.60 Td (2021, ) Tj ET Q q 0 0 0 rg BT 176.55 510.60 Td (if ) Tj ET Q q 0 0 0 rg BT 185.04 510.60 Td (on ) Tj ET Q q 0 0 0 rg BT 197.43 510.60 Td (that ) Tj ET Q q 0 0 0 rg BT 214.81 510.60 Td (date ) Tj ET Q q 0 0 0 rg BT 233.85 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.45 510.60 Td (sum ) Tj ET Q q 0 0 0 rg BT 267.51 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.22 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.82 510.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 334.49 510.60 Td (s ) Tj ET Q q 0 0 0 rg BT 340.77 510.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 363.42 510.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.57 510.60 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 431.50 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 448.32 510.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 492.37 510.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 539.74 510.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.60 498.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 125.92 498.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 158.34 498.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 179.67 498.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 204.31 498.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 234.52 498.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.07 498.60 Td (less ) Tj ET Q q 0 0 0 rg BT 259.96 498.60 Td (than ) Tj ET Q q 0 0 0 rg BT 279.06 498.60 Td (120% ) Tj ET Q q 0 0 0 rg BT 304.27 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.48 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.58 498.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 360.46 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.68 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.78 498.60 Td (then ) Tj ET Q q 0 0 0 rg BT 403.88 498.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 452.43 498.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 474.31 498.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 502.30 498.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 536.39 498.60 Td (Notes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 486.60 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 486.60 Td (o ) Tj ET Q q 0 0 0 rg BT 97.68 486.60 Td (May ) Tj ET Q q 0 0 0 rg BT 117.78 486.60 Td (14, ) Tj ET Q q 0 0 0 rg BT 132.05 486.60 Td (2021, ) Tj ET Q q 0 0 0 rg BT 156.33 486.60 Td (if ) Tj ET Q q 0 0 0 rg BT 164.21 486.60 Td (either ) Tj ET Q q 0 0 0 rg BT 188.74 486.60 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 201.61 486.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 222.82 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 232.37 486.60 Td (that ) Tj ET Q q 0 0 0 rg BT 249.14 486.60 Td (date ) Tj ET Q q 0 0 0 rg BT 267.56 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 281.55 486.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 303.32 486.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 331.20 486.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 365.18 486.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.28 486.60 Td (have ) Tj ET Q q 0 0 0 rg BT 410.93 486.60 Td (not ) Tj ET Q q 0 0 0 rg BT 425.48 486.60 Td (been ) Tj ET Q q 0 0 0 rg BT 446.13 486.60 Td (repaid ) Tj ET Q q 0 0 0 rg BT 472.89 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 482.99 486.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 523.64 486.60 Td (redeemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.88 474.60 Td (full, ) Tj ET Q q 0 0 0 rg BT 114.88 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 125.81 474.60 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 140.08 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 152.69 474.60 Td (that ) Tj ET Q q 0 0 0 rg BT 170.29 474.60 Td (date ) Tj ET Q q 0 0 0 rg BT 189.55 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.37 474.60 Td (sum ) Tj ET Q q 0 0 0 rg BT 223.65 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.59 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.41 474.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 291.08 474.60 Td (s ) Tj ET Q q 0 0 0 rg BT 297.57 474.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 320.45 474.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.82 474.60 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 388.97 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 406.02 474.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 450.28 474.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 497.88 474.60 Td (under ) Tj ET Q q 0 0 0 rg BT 523.25 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 474.60 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 462.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 118.40 462.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 140.20 462.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 165.33 462.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 196.01 462.60 Td (is ) Tj ET Q q 0 0 0 rg BT 205.04 462.60 Td (less ) Tj ET Q q 0 0 0 rg BT 222.40 462.60 Td (than ) Tj ET Q q 0 0 0 rg BT 241.98 462.60 Td (120% ) Tj ET Q q 0 0 0 rg BT 267.67 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.37 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.95 462.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 325.30 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 336.00 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.58 462.60 Td (then ) Tj ET Q q 0 0 0 rg BT 370.15 462.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 419.18 462.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 441.54 462.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 470.01 462.60 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 525.70 462.60 Td (Notes; ) Tj ET Q q 0 0 0 rg BT 554.17 462.60 Td (or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 450.60 Td (o ) Tj ET Q q 0 0 0 rg BT 97.53 450.60 Td (August ) Tj ET Q q 0 0 0 rg BT 128.51 450.60 Td (13, ) Tj ET Q q 0 0 0 rg BT 143.09 450.60 Td (2021, ) Tj ET Q q 0 0 0 rg BT 167.67 450.60 Td (if ) Tj ET Q q 0 0 0 rg BT 175.86 450.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 197.38 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.24 450.60 Td (that ) Tj ET Q q 0 0 0 rg BT 224.31 450.60 Td (date ) Tj ET Q q 0 0 0 rg BT 243.05 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.35 450.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 279.43 450.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 307.62 450.60 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 363.03 450.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.44 450.60 Td (have ) Tj ET Q q 0 0 0 rg BT 409.40 450.60 Td (not ) Tj ET Q q 0 0 0 rg BT 424.26 450.60 Td (been ) Tj ET Q q 0 0 0 rg BT 445.22 450.60 Td (repaid ) Tj ET Q q 0 0 0 rg BT 472.28 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 482.70 450.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 523.65 450.60 Td (redeemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.78 438.60 Td (full.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (As ) Tj ET Q q 0 0 0 rg BT 81.70 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.12 414.60 Td (December ) Tj ET Q q 0 0 0 rg BT 137.30 414.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 152.89 414.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 178.48 414.60 Td (we ) Tj ET Q q 0 0 0 rg BT 193.23 414.60 Td (had ) Tj ET Q q 0 0 0 rg BT 210.75 414.60 Td (no ) Tj ET Q q 0 0 0 rg BT 223.84 414.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 273.60 414.60 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 322.24 414.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.77 414.60 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 365.36 414.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.25 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.34 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.76 414.60 Td (letters ) Tj ET Q q 0 0 0 rg BT 436.28 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.70 414.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 473.56 414.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 523.31 414.60 Td (under ) Tj ET Q q 0 0 0 rg BT 549.17 414.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 75.77 402.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 108.15 402.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 129.42 402.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 154.02 402.60 Td (facility) Tj ET Q q 0 0 0 rg BT 181.69 402.60 Td (. ) Tj ET Q q 0 0 0 rg BT 186.03 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.73 402.60 Td (The ) Tj ET Q q 0 0 0 rg BT 205.11 402.60 Td (average ) Tj ET Q q 0 0 0 rg BT 238.03 402.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 286.54 402.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 318.90 402.60 Td (under ) Tj ET Q q 0 0 0 rg BT 343.51 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.56 402.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 382.16 402.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 412.32 402.60 Td (as ) Tj ET Q q 0 0 0 rg BT 422.48 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.65 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 446.70 402.60 Td (last ) Tj ET Q q 0 0 0 rg BT 462.42 402.60 Td (day ) Tj ET Q q 0 0 0 rg BT 478.70 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 488.86 402.60 Td (each ) Tj ET Q q 0 0 0 rg BT 509.02 402.60 Td (month ) Tj ET Q q 0 0 0 rg BT 536.41 402.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 72.02 390.60 Td (was ) Tj ET Q q 0 0 0 rg BT 90.08 390.60 Td ($40.6 ) Tj ET Q q 0 0 0 rg BT 115.10 390.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 149.01 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.52 390.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 169.59 390.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 205.44 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 215.73 390.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 240.46 390.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 276.86 390.60 Td (owing ) Tj ET Q q 0 0 0 rg BT 304.37 390.60 Td (under ) Tj ET Q q 0 0 0 rg BT 329.66 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 345.51 390.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 372.46 390.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 405.51 390.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 427.47 390.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 452.75 390.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 483.58 390.60 Td (on ) Tj ET Q q 0 0 0 rg BT 496.10 390.60 Td (any ) Tj ET Q q 0 0 0 rg BT 513.05 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 523.90 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.63 390.60 Td (above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (springing ) Tj ET Q q 0 0 0 rg BT 91.61 378.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 129.81 378.60 Td (dates ) Tj ET Q q 0 0 0 rg BT 154.69 378.60 Td (could ) Tj ET Q q 0 0 0 rg BT 181.23 378.60 Td (trigger ) Tj ET Q q 0 0 0 rg BT 212.21 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.98 378.60 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 276.95 378.60 Td (under) Tj ET Q q 0 0 0 rg BT 299.32 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 306.15 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.91 378.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 372.01 378.60 Td (an ) Tj ET Q q 0 0 0 rg BT 385.78 378.60 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 438.40 378.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 453.56 378.60 Td (all ) Tj ET Q q 0 0 0 rg BT 467.88 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.54 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 498.19 378.60 Td (other ) Tj ET Q q 0 0 0 rg BT 523.07 378.60 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 104.74 366.60 Td (then ) Tj ET Q q 0 0 0 rg BT 125.54 366.60 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 178.29 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 181.88 366.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 209.90 366.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 233.49 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 250.40 366.60 Td (use ) Tj ET Q q 0 0 0 rg BT 267.32 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.23 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.04 366.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 323.06 366.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 357.18 366.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 380.21 366.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 406.56 366.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 438.46 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 453.71 366.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 498.95 366.60 Td (working ) Tj ET Q q 0 0 0 rg BT 535.86 366.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 90.64 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 105.39 354.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 147.34 354.60 Td (that ) Tj ET Q q 0 0 0 rg BT 165.42 354.60 Td (any ) Tj ET Q q 0 0 0 rg BT 182.95 354.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 219.92 354.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 269.68 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 292.20 354.60 Td (time ) Tj ET Q q 0 0 0 rg BT 313.06 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.93 354.60 Td (time ) Tj ET Q q 0 0 0 rg BT 344.79 354.60 Td (under ) Tj ET Q q 0 0 0 rg BT 370.65 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.95 354.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 411.80 354.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 443.21 354.60 Td (during ) Tj ET Q q 0 0 0 rg BT 472.40 354.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 495.49 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 513.02 354.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.10 354.60 Td (can ) Tj ET Q q 0 0 0 rg BT 553.07 354.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (repaid ) Tj ET Q q 0 0 0 rg BT 76.99 342.60 Td (using ) Tj ET Q q 0 0 0 rg BT 101.16 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 116.99 342.60 Td (then-available ) Tj ET Q q 0 0 0 rg BT 176.12 342.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 196.39 342.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 217.22 342.60 Td (from ) Tj ET Q q 0 0 0 rg BT 239.16 342.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (Inability ) Tj ET Q q 0 0 0 rg BT 90.06 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.27 318.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 126.69 318.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.80 318.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 226.66 318.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 272.76 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 284.98 318.60 Td (our) Tj ET Q q 0 0 0 rg BT 299.80 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 303.68 318.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 329.25 318.60 Td (cr) Tj ET Q q 0 0 0 rg BT 337.95 318.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 357.94 318.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 391.25 318.60 Td (may ) Tj ET Q q 0 0 0 rg BT 413.46 318.60 Td (r) Tj ET Q q 0 0 0 rg BT 417.72 318.60 Td (equir) Tj ET Q q 0 0 0 rg BT 440.32 318.60 Td (e ) Tj ET Q q 0 0 0 rg BT 448.64 318.60 Td (us ) Tj ET Q q 0 0 0 rg BT 461.98 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 474.19 318.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 496.40 318.60 Td (modification ) Tj ET Q q 0 0 0 rg BT 554.17 318.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 97.21 306.60 Td (for) Tj ET Q q 0 0 0 rg BT 109.79 306.60 Td (ce ) Tj ET Q q 0 0 0 rg BT 121.66 306.60 Td (a ) Tj ET Q q 0 0 0 rg BT 129.64 306.60 Td (r) Tj ET Q q 0 0 0 rg BT 133.90 306.60 Td (eduction ) Tj ET Q q 0 0 0 rg BT 173.55 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.88 306.60 Td (our) Tj ET Q q 0 0 0 rg BT 199.70 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 202.68 306.60 Td (borr) Tj ET Q q 0 0 0 rg BT 221.94 306.60 Td (owing ) Tj ET Q q 0 0 0 rg BT 250.49 306.60 Td (base, ) Tj ET Q q 0 0 0 rg BT 274.86 306.60 Td (or) Tj ET Q q 0 0 0 rg BT 284.12 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 287.11 306.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 313.42 306.60 Td (r) Tj ET Q q 0 0 0 rg BT 317.68 306.60 Td (epayment ) Tj ET Q q 0 0 0 rg BT 362.32 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.64 306.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 413.30 306.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 466.86 306.60 Td (under) Tj ET Q q 0 0 0 rg BT 492.24 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 495.23 306.60 Td (our) Tj ET Q q 0 0 0 rg BT 510.04 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 513.03 306.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 537.70 306.60 Td (cr) Tj ET Q q 0 0 0 rg BT 546.40 306.60 Td (edit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (facility) Tj ET Q q 0 0 0 rg BT 78.38 294.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.60 Td (In ) Tj ET Q q 0 0 0 rg BT 77.26 270.60 Td (August ) Tj ET Q q 0 0 0 rg BT 107.98 270.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 132.31 270.60 Td (we ) Tj ET Q q 0 0 0 rg BT 145.80 270.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 183.72 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.77 270.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 233.48 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.64 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 258.80 270.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 280.07 270.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 304.66 270.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 334.81 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 344.42 270.60 Td (December ) Tj ET Q q 0 0 0 rg BT 387.34 270.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 409.17 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.43 270.60 Td (reset ) Tj ET Q q 0 0 0 rg BT 446.14 270.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 475.17 270.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 511.98 270.60 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 92.44 258.60 Td (based ) Tj ET Q q 0 0 0 rg BT 118.16 258.60 Td (on ) Tj ET Q q 0 0 0 rg BT 131.11 258.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 178.50 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 195.89 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 209.40 258.60 Td (price ) Tj ET Q q 0 0 0 rg BT 232.34 258.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 285.27 258.60 Td (that ) Tj ET Q q 0 0 0 rg BT 303.22 258.60 Td (existed ) Tj ET Q q 0 0 0 rg BT 334.50 258.60 Td (at ) Tj ET Q q 0 0 0 rg BT 344.67 258.60 Td (that ) Tj ET Q q 0 0 0 rg BT 362.62 258.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 385.84 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.80 258.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 404.53 258.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 431.36 258.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 478.75 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 488.83 258.60 Td (August ) Tj ET Q q 0 0 0 rg BT 520.68 258.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 543.63 258.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (been ) Tj ET Q q 0 0 0 rg BT 70.39 246.60 Td (volatile, ) Tj ET Q q 0 0 0 rg BT 104.89 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.33 246.60 Td (if ) Tj ET Q q 0 0 0 rg BT 129.45 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 142.02 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.46 246.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 188.24 246.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 203.58 246.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 229.46 246.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 265.89 246.60 Td (for ) Tj ET Q q 0 0 0 rg BT 279.56 246.60 Td (an ) Tj ET Q q 0 0 0 rg BT 291.00 246.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 329.11 246.60 Td (period ) Tj ET Q q 0 0 0 rg BT 356.66 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.00 246.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 389.29 246.60 Td (we ) Tj ET Q q 0 0 0 rg BT 402.95 246.60 Td (may ) Tj ET Q q 0 0 0 rg BT 422.18 246.60 Td (not ) Tj ET Q q 0 0 0 rg BT 436.97 246.60 Td (be ) Tj ET Q q 0 0 0 rg BT 448.42 246.60 Td (able ) Tj ET Q q 0 0 0 rg BT 467.08 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.87 246.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 506.64 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 516.43 246.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (with ) Tj ET Q q 0 0 0 rg BT 70.02 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 86.10 234.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 113.28 234.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 146.56 234.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 168.74 234.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 194.25 234.60 Td (facility�) Tj ET Q q 0 0 0 rg BT 225.35 234.60 Td (s ) Tj ET Q q 0 0 0 rg BT 231.99 234.60 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 277.21 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 279.35 234.60 Td (As ) Tj ET Q q 0 0 0 rg BT 293.21 234.60 Td (such, ) Tj ET Q q 0 0 0 rg BT 316.79 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 331.19 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 351.15 234.60 Td (be ) Tj ET Q q 0 0 0 rg BT 363.33 234.60 Td (required ) Tj ET Q q 0 0 0 rg BT 399.39 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 409.92 234.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 430.43 234.60 Td (modifications ) Tj ET Q q 0 0 0 rg BT 488.16 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.24 234.60 Td (these ) Tj ET Q q 0 0 0 rg BT 522.53 234.60 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.30 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 67.21 222.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 96.90 222.60 Td (at ) Tj ET Q q 0 0 0 rg BT 106.58 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 113.50 222.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 158.18 222.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 176.76 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 187.01 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.70 222.60 Td (Company) Tj ET Q q 0 0 0 rg BT 239.94 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 244.92 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 255.72 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.41 222.60 Td (banks ) Tj ET Q q 0 0 0 rg BT 296.21 222.60 Td (could ) Tj ET Q q 0 0 0 rg BT 320.90 222.60 Td (force ) Tj ET Q q 0 0 0 rg BT 343.91 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 350.82 222.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 391.06 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.31 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 417.11 222.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 439.03 222.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 483.16 222.60 Td (base ) Tj ET Q q 0 0 0 rg BT 503.40 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 520.31 222.60 Td (repayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.63 210.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 97.32 210.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 146.78 210.60 Td (under ) Tj ET Q q 0 0 0 rg BT 172.35 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 188.48 210.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 210.72 210.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 236.28 210.60 Td (facility) Tj ET Q q 0 0 0 rg BT 263.96 210.60 Td (. ) Tj ET Q q 0 0 0 rg BT 269.26 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 271.44 210.60 Td (As ) Tj ET Q q 0 0 0 rg BT 285.35 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.48 210.60 Td (December ) Tj ET Q q 0 0 0 rg BT 340.37 210.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 355.67 210.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 380.97 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 395.43 210.60 Td (had ) Tj ET Q q 0 0 0 rg BT 412.67 210.60 Td (no ) Tj ET Q q 0 0 0 rg BT 425.47 210.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 447.71 210.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 467.72 210.60 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 519.69 210.60 Td (but ) Tj ET Q q 0 0 0 rg BT 535.27 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 549.73 210.60 Td (did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.24 198.60 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 96.61 198.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.50 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 128.37 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.56 198.60 Td (letters ) Tj ET Q q 0 0 0 rg BT 166.86 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.06 198.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 203.69 198.60 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 255.72 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 258.59 198.60 Td (If ) Tj ET Q q 0 0 0 rg BT 268.11 198.60 Td (necessary) Tj ET Q q 0 0 0 rg BT 306.33 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 311.70 198.60 Td (we ) Tj ET Q q 0 0 0 rg BT 326.22 198.60 Td (may ) Tj ET Q q 0 0 0 rg BT 346.31 198.60 Td (not ) Tj ET Q q 0 0 0 rg BT 361.95 198.60 Td (be ) Tj ET Q q 0 0 0 rg BT 374.26 198.60 Td (able ) Tj ET Q q 0 0 0 rg BT 393.78 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.42 198.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 456.17 198.60 Td (modify ) Tj ET Q q 0 0 0 rg BT 487.92 198.60 Td (these ) Tj ET Q q 0 0 0 rg BT 511.33 198.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 554.18 198.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 76.89 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 83.72 186.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 113.32 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.04 186.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 172.52 186.60 Td (with ) Tj ET Q q 0 0 0 rg BT 192.69 186.60 Td (these ) Tj ET Q q 0 0 0 rg BT 215.63 186.60 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 260.50 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 262.89 186.60 Td (For ) Tj ET Q q 0 0 0 rg BT 279.18 186.60 Td (more ) Tj ET Q q 0 0 0 rg BT 302.12 186.60 Td (information ) Tj ET Q q 0 0 0 rg BT 351.72 186.60 Td (on ) Tj ET Q q 0 0 0 rg BT 364.11 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 379.83 186.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 406.66 186.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 439.59 186.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 461.42 186.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 486.58 186.60 Td (facility) Tj ET Q q 0 0 0 rg BT 514.25 186.60 Td (, ) Tj ET Q q 0 0 0 rg BT 519.14 186.60 Td (see ) Tj ET Q q 0 0 0 rg BT 534.30 186.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 555.02 186.60 Td (7, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 103.75 174.60 Td (s ) Tj ET Q q 0 0 0 rg BT 110.59 174.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 157.42 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.16 174.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 211.99 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.71 174.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.54 174.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 307.49 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 325.44 174.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 357.27 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.99 174.60 Td (Operations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 412.99 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 415.94 174.60 Td (� ) Tj ET Q q 0 0 0 rg BT 423.88 174.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 456.84 174.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 484.79 174.60 Td (ces ) Tj ET Q q 0 0 0 rg BT 500.51 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.45 174.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 557.51 174.60 Td (� ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.11 162.60 Td (Secur) Tj ET Q q 0 0 0 rg BT 100.51 162.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 112.44 162.60 Td (Bank ) Tj ET Q q 0 0 0 rg BT 135.49 162.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 145.68 162.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 163.18 162.60 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.28 162.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 138.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.07 138.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 106.53 138.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 150.20 138.60 Td (base ) Tj ET Q q 0 0 0 rg BT 169.99 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 178.68 138.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 225.68 138.60 Td (semiannually) Tj ET Q q 0 0 0 rg BT 278.35 138.60 Td (, ) Tj ET Q q 0 0 0 rg BT 282.87 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.32 138.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 321.34 138.60 Td (requested ) Tj ET Q q 0 0 0 rg BT 361.67 138.60 Td (unscheduled ) Tj ET Q q 0 0 0 rg BT 413.68 138.60 Td (special ) Tj ET Q q 0 0 0 rg BT 443.46 138.60 Td (redeterminations, ) Tj ET Q q 0 0 0 rg BT 515.18 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.97 138.60 Td (each ) Tj ET Q q 0 0 0 rg BT 545.31 138.60 Td (case ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (at ) Tj ET Q q 0 0 0 rg BT 58.06 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 71.62 126.60 Td (banks�) Tj ET Q q 0 0 0 rg BT 97.54 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.88 126.60 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 142.15 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.93 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.49 126.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 202.83 126.60 Td (is ) Tj ET Q q 0 0 0 rg BT 210.84 126.60 Td (established ) Tj ET Q q 0 0 0 rg BT 256.62 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 272.40 126.60 Td (based, ) Tj ET Q q 0 0 0 rg BT 299.01 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 308.13 126.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 327.51 126.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 348.86 126.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 377.40 126.60 Td (external ) Tj ET Q q 0 0 0 rg BT 410.94 126.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 441.99 126.60 Td (such ) Tj ET Q q 0 0 0 rg BT 461.67 126.60 Td (as ) Tj ET Q q 0 0 0 rg BT 471.34 126.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 518.23 126.60 Td (prices.��) Tj ET Q q 0 0 0 rg BT 549.43 126.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 126.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (do ) Tj ET Q q 0 0 0 rg BT 61.65 114.60 Td (not ) Tj ET Q q 0 0 0 rg BT 76.59 114.60 Td (know) Tj ET Q q 0 0 0 rg BT 98.16 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 102.81 114.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 118.30 114.60 Td (can ) Tj ET Q q 0 0 0 rg BT 134.33 114.60 Td (we ) Tj ET Q q 0 0 0 rg BT 148.15 114.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 181.13 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.50 114.60 Td (results ) Tj ET Q q 0 0 0 rg BT 223.76 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.25 114.60 Td (such ) Tj ET Q q 0 0 0 rg BT 254.73 114.60 Td (redeterminations ) Tj ET Q q 0 0 0 rg BT 324.08 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 334.57 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.94 114.60 Td (ef) Tj ET Q q 0 0 0 rg BT 356.53 114.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 373.67 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.15 114.60 Td (then-current ) Tj ET Q q 0 0 0 rg BT 435.17 114.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 447.88 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 464.47 114.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 494.39 114.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 509.88 114.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 535.91 114.60 Td (on ) Tj ET Q q 0 0 0 rg BT 548.06 114.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (such ) Tj ET Q q 0 0 0 rg BT 70.97 102.60 Td (redetermination. ) Tj ET Q q 0 0 0 rg BT 139.92 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 142.36 102.60 Td (A) Tj ET Q q 0 0 0 rg BT 149.03 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.17 102.60 Td (future ) Tj ET Q q 0 0 0 rg BT 179.19 102.60 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 245.63 102.60 Td (lowering ) Tj ET Q q 0 0 0 rg BT 284.32 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 300.79 102.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 345.59 102.60 Td (base ) Tj ET Q q 0 0 0 rg BT 366.50 102.60 Td (could ) Tj ET Q q 0 0 0 rg BT 391.85 102.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 413.89 102.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 462.01 102.60 Td (under ) Tj ET Q q 0 0 0 rg BT 487.92 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 504.39 102.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 531.97 102.60 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 70.73 90.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 95.28 90.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 125.38 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 135.50 90.60 Td (require ) Tj ET Q q 0 0 0 rg BT 165.60 90.60 Td (us ) Tj ET Q q 0 0 0 rg BT 176.28 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 185.85 90.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 205.40 90.60 Td (dif) Tj ET Q q 0 0 0 rg BT 216.33 90.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 241.43 90.60 Td (forms ) Tj ET Q q 0 0 0 rg BT 266.55 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 276.67 90.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 316.22 90.60 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 374.37 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 376.16 90.60 Td (If ) Tj ET Q q 0 0 0 rg BT 384.60 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.61 90.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 447.06 90.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 466.06 90.60 Td (under ) Tj ET Q q 0 0 0 rg BT 490.62 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 505.74 90.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 531.96 90.60 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 71.57 78.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 96.97 78.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 127.92 78.60 Td (were ) Tj ET Q q 0 0 0 rg BT 149.98 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 160.40 78.60 Td (ever ) Tj ET Q q 0 0 0 rg BT 180.24 78.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 210.62 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.47 78.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 269.77 78.60 Td (base, ) Tj ET Q q 0 0 0 rg BT 292.67 78.60 Td (we ) Tj ET Q q 0 0 0 rg BT 306.96 78.60 Td (would ) Tj ET Q q 0 0 0 rg BT 334.60 78.60 Td (be ) Tj ET Q q 0 0 0 rg BT 346.67 78.60 Td (required ) Tj ET Q q 0 0 0 rg BT 382.62 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 393.03 78.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 417.87 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.72 78.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 461.45 78.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 494.08 78.60 Td (over ) Tj ET Q q 0 0 0 rg BT 514.48 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 521.55 78.60 Td (period ) Tj ET Q q 0 0 0 rg BT 549.73 78.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 66.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 90.03 66.60 Td (six ) Tj ET Q q 0 0 0 rg BT 104.20 66.60 Td (months.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 84.77 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 95.60 714.60 Td (our) Tj ET Q q 0 0 0 rg BT 110.42 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.92 714.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 160.42 714.60 Td (may ) Tj ET Q q 0 0 0 rg BT 181.25 714.60 Td (be ) Tj ET Q q 0 0 0 rg BT 193.75 714.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 226.24 714.60 Td (during ) Tj ET Q q 0 0 0 rg BT 257.64 714.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 290.13 714.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 324.30 714.60 Td (due ) Tj ET Q q 0 0 0 rg BT 342.36 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 353.19 714.60 Td (sever) Tj ET Q q 0 0 0 rg BT 375.22 714.60 Td (e ) Tj ET Q q 0 0 0 rg BT 382.16 714.60 Td (weather) Tj ET Q q 0 0 0 rg BT 416.40 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 418.90 714.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 465.31 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 483.93 714.60 Td (other) Tj ET Q q 0 0 0 rg BT 506.52 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 509.02 714.60 Td (r) Tj ET Q q 0 0 0 rg BT 513.27 714.60 Td (egulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.16 690.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 130.93 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.81 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.14 690.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 178.58 690.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 204.47 690.60 Td (region ) Tj ET Q q 0 0 0 rg BT 233.12 690.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.45 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 266.00 690.60 Td (subjected ) Tj ET Q q 0 0 0 rg BT 306.87 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 317.76 690.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 351.40 690.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 386.16 690.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 430.93 690.60 Td (such ) Tj ET Q q 0 0 0 rg BT 452.37 690.60 Td (as ) Tj ET Q q 0 0 0 rg BT 463.81 690.60 Td (hurricanes, ) Tj ET Q q 0 0 0 rg BT 511.07 690.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 548.06 690.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (tropical ) Tj ET Q q 0 0 0 rg BT 82.65 678.60 Td (storms ) Tj ET Q q 0 0 0 rg BT 111.93 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 122.32 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 139.37 678.60 Td (around ) Tj ET Q q 0 0 0 rg BT 169.75 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.57 678.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 205.51 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.45 678.60 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 249.61 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 267.21 678.60 Td (can ) Tj ET Q q 0 0 0 rg BT 283.70 678.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 317.41 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 330.57 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.62 678.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 377.99 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 393.93 678.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 430.97 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 448.02 678.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 483.39 678.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 517.67 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 534.72 678.60 Td (disrupt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 96.75 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 124.29 666.60 Td (can ) Tj ET Q q 0 0 0 rg BT 141.26 666.60 Td (also ) Tj ET Q q 0 0 0 rg BT 160.47 666.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 196.32 666.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.42 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.95 666.60 Td (have ) Tj ET Q q 0 0 0 rg BT 258.93 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 266.46 666.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 303.43 666.60 Td (ef) Tj ET Q q 0 0 0 rg BT 311.02 666.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 329.10 666.60 Td (on ) Tj ET Q q 0 0 0 rg BT 342.20 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 358.63 666.60 Td (results ) Tj ET Q q 0 0 0 rg BT 387.83 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.26 666.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 446.51 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 449.61 666.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 482.14 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 493.57 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 509.99 666.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 554.75 666.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (North ) Tj ET Q q 0 0 0 rg BT 74.95 654.60 Td (Dakota, ) Tj ET Q q 0 0 0 rg BT 108.44 654.60 Td (Montana ) Tj ET Q q 0 0 0 rg BT 146.11 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.51 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 171.35 654.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 206.52 654.60 Td (including ) Tj ET Q q 0 0 0 rg BT 246.42 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 260.75 654.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 312.30 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.75 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 336.64 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.89 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 342.01 654.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 382.73 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 397.07 654.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 428.63 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.08 654.60 Td (new ) Tj ET Q q 0 0 0 rg BT 457.85 654.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 481.08 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.64 654.60 Td (production ) Tj ET Q q 0 0 0 rg BT 543.08 654.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 82.93 642.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 108.30 642.60 Td (are ) Tj ET Q q 0 0 0 rg BT 122.28 642.60 Td (conducted ) Tj ET Q q 0 0 0 rg BT 165.13 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.68 642.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 196.98 642.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 227.07 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.61 642.60 Td (extreme ) Tj ET Q q 0 0 0 rg BT 270.58 642.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 303.99 642.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 347.42 642.60 Td (including ) Tj ET Q q 0 0 0 rg BT 386.96 642.60 Td (severe ) Tj ET Q q 0 0 0 rg BT 414.26 642.60 Td (cold, ) Tj ET Q q 0 0 0 rg BT 435.75 642.60 Td (snow ) Tj ET Q q 0 0 0 rg BT 458.62 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.83 642.60 Td (rain, ) Tj ET Q q 0 0 0 rg BT 494.64 642.60 Td (which ) Tj ET Q q 0 0 0 rg BT 520.84 642.60 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (may ) Tj ET Q q 0 0 0 rg BT 68.90 630.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 93.29 630.60 Td (such ) Tj ET Q q 0 0 0 rg BT 113.81 630.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 157.65 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 167.61 630.60 Td (be ) Tj ET Q q 0 0 0 rg BT 179.23 630.60 Td (hindered ) Tj ET Q q 0 0 0 rg BT 216.40 630.60 Td (or ) Tj ET Q q 0 0 0 rg BT 226.91 630.60 Td (delayed, ) Tj ET Q q 0 0 0 rg BT 262.69 630.60 Td (or ) Tj ET Q q 0 0 0 rg BT 273.21 630.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 314.27 630.60 Td (require ) Tj ET Q q 0 0 0 rg BT 344.77 630.60 Td (that ) Tj ET Q q 0 0 0 rg BT 361.95 630.60 Td (they ) Tj ET Q q 0 0 0 rg BT 381.35 630.60 Td (be ) Tj ET Q q 0 0 0 rg BT 392.97 630.60 Td (conducted ) Tj ET Q q 0 0 0 rg BT 436.25 630.60 Td (only ) Tj ET Q q 0 0 0 rg BT 456.21 630.60 Td (during ) Tj ET Q q 0 0 0 rg BT 484.50 630.60 Td (non-winter ) Tj ET Q q 0 0 0 rg BT 530.56 630.60 Td (months, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.21 618.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 110.13 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 122.41 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.89 618.60 Td (severity ) Tj ET Q q 0 0 0 rg BT 170.82 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.42 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 195.91 618.60 Td (weather) Tj ET Q q 0 0 0 rg BT 227.15 618.60 Td (, ) Tj ET Q q 0 0 0 rg BT 231.92 618.60 Td (could ) Tj ET Q q 0 0 0 rg BT 256.41 618.60 Td (have ) Tj ET Q q 0 0 0 rg BT 277.56 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 284.27 618.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 320.41 618.60 Td (ef) Tj ET Q q 0 0 0 rg BT 328.00 618.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 345.25 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 357.52 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 373.12 618.60 Td (results ) Tj ET Q q 0 0 0 rg BT 401.50 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.10 618.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 456.03 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.08 618.60 Td (these ) Tj ET Q q 0 0 0 rg BT 488.89 618.60 Td (areas. ) Tj ET Q q 0 0 0 rg BT 514.20 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.47 618.60 Td (Further) Tj ET Q q 0 0 0 rg BT 545.51 618.60 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 618.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 86.87 606.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 120.36 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.07 606.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 162.88 606.60 Td (change ) Tj ET Q q 0 0 0 rg BT 193.58 606.60 Td (on ) Tj ET Q q 0 0 0 rg BT 205.96 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 221.67 606.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 265.71 606.60 Td (may ) Tj ET Q q 0 0 0 rg BT 285.31 606.60 Td (include ) Tj ET Q q 0 0 0 rg BT 317.12 606.60 Td (unusually ) Tj ET Q q 0 0 0 rg BT 358.39 606.60 Td (intense ) Tj ET Q q 0 0 0 rg BT 389.10 606.60 Td (rainfall ) Tj ET Q q 0 0 0 rg BT 420.35 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.17 606.60 Td (storm ) Tj ET Q q 0 0 0 rg BT 462.33 606.60 Td (patterns, ) Tj ET Q q 0 0 0 rg BT 498.87 606.60 Td (rising ) Tj ET Q q 0 0 0 rg BT 524.03 606.60 Td (sea ) Tj ET Q q 0 0 0 rg BT 539.18 606.60 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 594.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 106.69 594.60 Td (high ) Tj ET Q q 0 0 0 rg BT 126.97 594.60 Td (temperatures. ) Tj ET Q q 0 0 0 rg BT 183.61 594.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 98.90 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.20 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 124.50 570.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 168.12 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 177.87 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.05 570.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 220.13 570.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 260.98 570.60 Td (region ) Tj ET Q q 0 0 0 rg BT 288.50 570.60 Td (are ) Tj ET Q q 0 0 0 rg BT 302.67 570.60 Td (confined ) Tj ET Q q 0 0 0 rg BT 339.62 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.37 570.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 378.54 570.60 Td (time ) Tj ET Q q 0 0 0 rg BT 398.28 570.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 429.69 570.60 Td (due ) Tj ET Q q 0 0 0 rg BT 446.09 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.84 570.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 515.57 570.60 Td (regulations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.27 558.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 127.72 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 140.74 558.60 Td (when ) Tj ET Q q 0 0 0 rg BT 165.41 558.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 197.87 558.60 Td (can ) Tj ET Q q 0 0 0 rg BT 214.77 558.60 Td (take ) Tj ET Q q 0 0 0 rg BT 234.44 558.60 Td (place ) Tj ET Q q 0 0 0 rg BT 258.55 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 271.57 558.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 302.34 558.60 Td (lands, ) Tj ET Q q 0 0 0 rg BT 328.96 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.42 558.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 369.42 558.60 Td (stipulations ) Tj ET Q q 0 0 0 rg BT 418.55 558.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 457.11 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 467.91 558.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 498.69 558.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 528.91 558.60 Td (wildlife, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.56 546.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 126.11 546.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 173.16 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.22 546.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 235.62 546.60 Td (could ) Tj ET Q q 0 0 0 rg BT 260.46 546.60 Td (slow ) Tj ET Q q 0 0 0 rg BT 281.97 546.60 Td (down ) Tj ET Q q 0 0 0 rg BT 306.81 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 322.76 546.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 369.53 546.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 394.36 546.60 Td (delays, ) Tj ET Q q 0 0 0 rg BT 425.03 546.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 460.40 546.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 483.02 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 500.08 546.60 Td (have ) Tj ET Q q 0 0 0 rg BT 521.58 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 528.63 546.60 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 534.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.18 534.60 Td (on ) Tj ET Q q 0 0 0 rg BT 86.29 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 101.72 534.60 Td (results ) Tj ET Q q 0 0 0 rg BT 129.94 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 140.38 534.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 186.64 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 188.75 534.60 Td (In ) Tj ET Q q 0 0 0 rg BT 199.18 534.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 236.56 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.11 534.60 Td (number ) Tj ET Q q 0 0 0 rg BT 275.76 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.20 534.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 343.29 534.60 Td (bodies ) Tj ET Q q 0 0 0 rg BT 371.50 534.60 Td (have ) Tj ET Q q 0 0 0 rg BT 392.49 534.60 Td (introduced ) Tj ET Q q 0 0 0 rg BT 437.36 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 447.79 534.60 Td (are ) Tj ET Q q 0 0 0 rg BT 462.11 534.60 Td (contemplating ) Tj ET Q q 0 0 0 rg BT 521.42 534.60 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 83.38 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 92.83 522.60 Td (response ) Tj ET Q q 0 0 0 rg BT 129.50 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.95 522.60 Td (various ) Tj ET Q q 0 0 0 rg BT 170.06 522.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 201.16 522.60 Td (change ) Tj ET Q q 0 0 0 rg BT 231.15 522.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.26 522.60 Td (groups ) Tj ET Q q 0 0 0 rg BT 291.16 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 307.27 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.16 522.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 357.82 522.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 386.71 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.71 522.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 427.82 522.60 Td (change. ) Tj ET Q q 0 0 0 rg BT 460.30 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 461.98 522.60 Td (Legislation ) Tj ET Q q 0 0 0 rg BT 508.64 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 522.60 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 92.54 510.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 133.36 510.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 165.29 510.60 Td (change ) Tj ET Q q 0 0 0 rg BT 196.10 510.60 Td (could ) Tj ET Q q 0 0 0 rg BT 220.82 510.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 252.21 510.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 296.92 510.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 319.42 510.60 Td (on ) Tj ET Q q 0 0 0 rg BT 331.92 510.60 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (Given ) Tj ET Q q 0 0 0 rg BT 94.54 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.36 486.60 Td (political ) Tj ET Q q 0 0 0 rg BT 144.73 486.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 192.31 486.60 Td (about ) Tj ET Q q 0 0 0 rg BT 217.13 486.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 258.07 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 268.45 486.60 Td (combat ) Tj ET Q q 0 0 0 rg BT 300.48 486.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 332.51 486.60 Td (change ) Tj ET Q q 0 0 0 rg BT 363.43 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.47 486.60 Td (how ) Tj ET Q q 0 0 0 rg BT 400.30 486.60 Td (it ) Tj ET Q q 0 0 0 rg BT 408.46 486.60 Td (should ) Tj ET Q q 0 0 0 rg BT 437.73 486.60 Td (be ) Tj ET Q q 0 0 0 rg BT 449.77 486.60 Td (dealt ) Tj ET Q q 0 0 0 rg BT 471.81 486.60 Td (with, ) Tj ET Q q 0 0 0 rg BT 494.69 486.60 Td (it ) Tj ET Q q 0 0 0 rg BT 502.85 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 512.12 486.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 547.50 486.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 92.84 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.95 474.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 155.06 474.60 Td (could ) Tj ET Q q 0 0 0 rg BT 178.95 474.60 Td (af) Tj ET Q q 0 0 0 rg BT 186.54 474.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 203.20 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 218.21 474.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.87 474.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 294.32 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 310.43 474.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.87 474.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 404.57 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 406.25 474.60 Td (However) Tj ET Q q 0 0 0 rg BT 442.50 474.60 Td (, ) Tj ET Q q 0 0 0 rg BT 446.67 474.60 Td (even ) Tj ET Q q 0 0 0 rg BT 467.23 474.60 Td (without ) Tj ET Q q 0 0 0 rg BT 499.46 474.60 Td (such ) Tj ET Q q 0 0 0 rg BT 519.46 474.60 Td (regulation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.10 462.60 Td (awareness ) Tj ET Q q 0 0 0 rg BT 132.03 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.31 462.60 Td (any ) Tj ET Q q 0 0 0 rg BT 164.59 462.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 196.97 462.60 Td (publicity ) Tj ET Q q 0 0 0 rg BT 234.37 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 243.99 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.05 462.60 Td (global ) Tj ET Q q 0 0 0 rg BT 284.89 462.60 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 335.59 462.60 Td (about ) Tj ET Q q 0 0 0 rg BT 359.65 462.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 396.48 462.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 429.43 462.60 Td (on ) Tj ET Q q 0 0 0 rg BT 441.27 462.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 472.54 462.60 Td (change ) Tj ET Q q 0 0 0 rg BT 502.70 462.60 Td (by ) Tj ET Q q 0 0 0 rg BT 514.55 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 529.72 462.60 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 450.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 97.26 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 113.09 450.60 Td (reputation ) Tj ET Q q 0 0 0 rg BT 156.14 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.07 450.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 202.79 450.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 426.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 118.13 426.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 134.52 426.60 Td (development ) Tj ET Q q 0 0 0 rg BT 191.46 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.08 426.60 Td (pr) Tj ET Q q 0 0 0 rg BT 219.90 426.60 Td (oducing ) Tj ET Q q 0 0 0 rg BT 256.30 426.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 303.80 426.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 336.86 426.60 Td (various ) Tj ET Q q 0 0 0 rg BT 371.03 426.60 Td (risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.94 402.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 128.48 402.60 Td (are ) Tj ET Q q 0 0 0 rg BT 142.57 402.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 172.78 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.45 402.60 Td (all ) Tj ET Q q 0 0 0 rg BT 194.33 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.55 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.65 402.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 239.43 402.60 Td (normally ) Tj ET Q q 0 0 0 rg BT 277.42 402.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 311.52 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.84 402.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 362.49 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.15 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.26 402.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 425.91 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.23 402.60 Td (development ) Tj ET Q q 0 0 0 rg BT 495.77 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 505.98 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 518.43 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 402.60 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 64.30 390.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 105.75 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.65 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.34 390.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 166.25 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.04 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 188.06 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.97 390.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.20 390.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 248.00 390.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 273.07 390.60 Td (including, ) Tj ET Q q 0 0 0 rg BT 314.81 390.60 Td (without ) Tj ET Q q 0 0 0 rg BT 346.83 390.60 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 389.69 390.60 Td (pipe ) Tj ET Q q 0 0 0 rg BT 408.37 390.60 Td (failure; ) Tj ET Q q 0 0 0 rg BT 438.71 390.60 Td (fires; ) Tj ET Q q 0 0 0 rg BT 460.72 390.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 505.51 390.60 Td (with ) Tj ET Q q 0 0 0 rg BT 524.76 390.60 Td (abnormal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (pressures; ) Tj ET Q q 0 0 0 rg BT 92.47 378.60 Td (uncontrollable ) Tj ET Q q 0 0 0 rg BT 153.22 378.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 178.42 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.73 378.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 205.77 378.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 236.52 378.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 255.33 378.60 Td (brine ) Tj ET Q q 0 0 0 rg BT 278.87 378.60 Td (or ) Tj ET Q q 0 0 0 rg BT 290.18 378.60 Td (well ) Tj ET Q q 0 0 0 rg BT 310.38 378.60 Td (fluids; ) Tj ET Q q 0 0 0 rg BT 338.92 378.60 Td (release ) Tj ET Q q 0 0 0 rg BT 369.66 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.97 378.60 Td (contaminants ) Tj ET Q q 0 0 0 rg BT 437.27 378.60 Td (into ) Tj ET Q q 0 0 0 rg BT 455.81 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.01 378.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 524.54 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 378.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 110.83 366.60 Td (hazards ) Tj ET Q q 0 0 0 rg BT 144.93 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 366.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 185.39 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.40 366.60 Td (well ) Tj ET Q q 0 0 0 rg BT 224.18 366.60 Td (blowouts, ) Tj ET Q q 0 0 0 rg BT 266.92 366.60 Td (cratering ) Tj ET Q q 0 0 0 rg BT 306.02 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 317.92 366.60 Td (explosions. ) Tj ET Q q 0 0 0 rg BT 366.76 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.33 366.60 Td (In ) Tj ET Q q 0 0 0 rg BT 382.22 366.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 421.06 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 437.96 366.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 483.18 366.60 Td (are ) Tj ET Q q 0 0 0 rg BT 498.96 366.60 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 545.30 366.60 Td (near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (populated ) Tj ET Q q 0 0 0 rg BT 90.96 354.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 140.18 354.60 Td (or ) Tj ET Q q 0 0 0 rg BT 150.54 354.60 Td (residential ) Tj ET Q q 0 0 0 rg BT 194.22 354.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 219.28 354.60 Td (which ) Tj ET Q q 0 0 0 rg BT 245.75 354.60 Td (adds ) Tj ET Q q 0 0 0 rg BT 266.10 354.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 308.12 354.60 Td (risks. ) Tj ET Q q 0 0 0 rg BT 331.54 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 333.42 354.60 Td (The ) Tj ET Q q 0 0 0 rg BT 350.99 354.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 378.00 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.36 354.60 Td (these ) Tj ET Q q 0 0 0 rg BT 410.93 354.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 431.85 354.60 Td (is ) Tj ET Q q 0 0 0 rg BT 440.54 354.60 Td (such ) Tj ET Q q 0 0 0 rg BT 460.90 354.60 Td (that ) Tj ET Q q 0 0 0 rg BT 477.92 354.60 Td (some ) Tj ET Q q 0 0 0 rg BT 501.06 354.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 540.30 354.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 81.18 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 98.44 342.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 140.68 342.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 169.60 342.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 196.31 342.60 Td (or ) Tj ET Q q 0 0 0 rg BT 208.57 342.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 251.38 342.60 Td (be ) Tj ET Q q 0 0 0 rg BT 264.74 342.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 304.76 342.60 Td (from, ) Tj ET Q q 0 0 0 rg BT 330.63 342.60 Td (or ) Tj ET Q q 0 0 0 rg BT 342.89 342.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 375.14 342.60 Td (by) Tj ET Q q 0 0 0 rg BT 384.49 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 390.92 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 408.18 342.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 450.42 342.60 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 492.93 342.60 Td (as ) Tj ET Q q 0 0 0 rg BT 505.19 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 516.89 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.04 342.60 Td (case ) Tj ET Q q 0 0 0 rg BT 554.17 342.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.76 330.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 131.70 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.64 330.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 189.18 330.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.34 330.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 242.21 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 269.15 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 283.86 330.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 322.45 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 344.39 330.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 382.97 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 393.80 330.60 Td (they ) Tj ET Q q 0 0 0 rg BT 413.52 330.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 442.67 330.60 Td (be ) Tj ET Q q 0 0 0 rg BT 454.61 330.60 Td (insured.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 306.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.29 306.60 Td (could ) Tj ET Q q 0 0 0 rg BT 108.22 306.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 131.47 306.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 176.40 306.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.11 306.60 Td (related ) Tj ET Q q 0 0 0 rg BT 229.02 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.51 306.60 Td (these ) Tj ET Q q 0 0 0 rg BT 262.77 306.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 284.37 306.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.08 306.60 Td (could ) Tj ET Q q 0 0 0 rg BT 327.01 306.60 Td (have ) Tj ET Q q 0 0 0 rg BT 348.60 306.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.75 306.60 Td (material ) Tj ET Q q 0 0 0 rg BT 391.22 306.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 424.47 306.60 Td (ef) Tj ET Q q 0 0 0 rg BT 432.05 306.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.75 306.60 Td (on ) Tj ET Q q 0 0 0 rg BT 462.46 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 478.50 306.60 Td (results ) Tj ET Q q 0 0 0 rg BT 507.32 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.36 306.60 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.60 294.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 126.50 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.05 294.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 162.94 294.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 187.29 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 197.74 294.60 Td (could ) Tj ET Q q 0 0 0 rg BT 222.07 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 243.07 294.60 Td (an ) Tj ET Q q 0 0 0 rg BT 254.63 294.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 287.29 294.60 Td (ef) Tj ET Q q 0 0 0 rg BT 294.88 294.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 311.98 294.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 334.10 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.44 294.60 Td (profitability ) Tj ET Q q 0 0 0 rg BT 398.33 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.78 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 424.23 294.60 Td (operations.� ) Tj ET Q q 0 0 0 rg BT 472.54 294.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 522.44 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 527.06 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 533.62 294.60 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.49 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.47 282.60 Td (production ) Tj ET Q q 0 0 0 rg BT 122.45 282.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 161.21 282.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 197.75 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.64 281.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.89 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 217.54 282.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 259.08 282.60 Td (into ) Tj ET Q q 0 0 0 rg BT 277.29 282.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 302.16 282.60 Td (with ) Tj ET Q q 0 0 0 rg BT 322.60 282.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 346.36 282.60 Td (plugged ) Tj ET Q q 0 0 0 rg BT 381.23 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.33 282.60 Td (abandoned ) Tj ET Q q 0 0 0 rg BT 444.30 282.60 Td (by ) Tj ET Q q 0 0 0 rg BT 456.95 282.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 479.05 282.60 Td (operators.��However) Tj ET Q q 0 0 0 rg BT 560.00 282.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (it ) Tj ET Q q 0 0 0 rg BT 57.51 270.60 Td (is ) Tj ET Q q 0 0 0 rg BT 66.64 270.60 Td (often ) Tj ET Q q 0 0 0 rg BT 89.65 270.60 Td (dif) Tj ET Q q 0 0 0 rg BT 100.57 270.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 124.13 270.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 138.25 270.60 Td (impracticable\) ) Tj ET Q q 0 0 0 rg BT 198.45 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 208.69 270.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 251.13 270.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 285.79 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 292.69 270.60 Td (well ) Tj ET Q q 0 0 0 rg BT 312.36 270.60 Td (has ) Tj ET Q q 0 0 0 rg BT 328.15 270.60 Td (been ) Tj ET Q q 0 0 0 rg BT 349.48 270.60 Td (properly ) Tj ET Q q 0 0 0 rg BT 385.82 270.60 Td (plugged ) Tj ET Q q 0 0 0 rg BT 420.49 270.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 442.39 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.63 270.60 Td (commencing ) Tj ET Q q 0 0 0 rg BT 506.73 270.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 548.07 270.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (pressuring ) Tj ET Q q 0 0 0 rg BT 95.54 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.14 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 127.08 258.60 Td (reservoirs. ) Tj ET Q q 0 0 0 rg BT 173.40 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.46 258.60 Td (W) Tj ET Q q 0 0 0 rg BT 186.10 258.60 Td (e ) Tj ET Q q 0 0 0 rg BT 194.92 258.60 Td (may ) Tj ET Q q 0 0 0 rg BT 216.52 258.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 241.45 258.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 288.05 258.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 312.43 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.59 258.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 372.85 258.60 Td (with ) Tj ET Q q 0 0 0 rg BT 395.01 258.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 434.37 258.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 474.31 258.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 520.35 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 258.60 Td (prevent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 111.15 246.60 Td (contamination ) Tj ET Q q 0 0 0 rg BT 172.25 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.59 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.26 246.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 245.03 246.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 278.92 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 300.59 246.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 334.74 246.60 Td (state ) Tj ET Q q 0 0 0 rg BT 356.96 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.30 246.60 Td (local ) Tj ET Q q 0 0 0 rg BT 398.62 246.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 446.95 246.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 480.83 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 492.50 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.61 246.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 548.06 246.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 99.29 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.75 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 127.21 234.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 143.40 234.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 174.30 234.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.76 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 208.33 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 222.22 233.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.47 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.60 234.60 Td (wells.��In ) Tj ET Q q 0 0 0 rg BT 268.67 234.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 304.58 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.49 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.84 234.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 371.73 234.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 397.36 234.60 Td (if ) Tj ET Q q 0 0 0 rg BT 406.60 234.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 430.84 234.60 Td (have ) Tj ET Q q 0 0 0 rg BT 452.85 234.60 Td (not ) Tj ET Q q 0 0 0 rg BT 468.76 234.60 Td (been ) Tj ET Q q 0 0 0 rg BT 490.77 234.60 Td (properly ) Tj ET Q q 0 0 0 rg BT 527.78 234.60 Td (plugged, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (modification ) Tj ET Q q 0 0 0 rg BT 103.10 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 113.38 222.60 Td (those ) Tj ET Q q 0 0 0 rg BT 136.99 222.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 160.59 222.60 Td (may ) Tj ET Q q 0 0 0 rg BT 180.31 222.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 204.47 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.30 222.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 264.45 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.39 222.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 310.54 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 326.37 222.60 Td (production.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 198.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 123.08 198.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 160.90 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 174.82 198.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 204.85 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.35 198.60 Td (many ) Tj ET Q q 0 0 0 rg BT 238.28 198.60 Td (risks, ) Tj ET Q q 0 0 0 rg BT 261.38 198.60 Td (including ) Tj ET Q q 0 0 0 rg BT 300.87 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.80 198.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 331.51 198.60 Td (that ) Tj ET Q q 0 0 0 rg BT 348.22 198.60 Td (we ) Tj ET Q q 0 0 0 rg BT 361.59 198.60 Td (will ) Tj ET Q q 0 0 0 rg BT 378.86 198.60 Td (not ) Tj ET Q q 0 0 0 rg BT 393.35 198.60 Td (recover ) Tj ET Q q 0 0 0 rg BT 425.04 198.60 Td (all ) Tj ET Q q 0 0 0 rg BT 436.75 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 446.79 198.60 Td (any ) Tj ET Q q 0 0 0 rg BT 462.94 198.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 493.54 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 503.58 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 518.63 198.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.80 186.60 Td (such ) Tj ET Q q 0 0 0 rg BT 80.66 186.60 Td (wells.��Drilling ) Tj ET Q q 0 0 0 rg BT 143.46 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 157.64 186.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 170.72 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.68 186.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.97 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 233.83 186.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.57 186.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 286.09 186.60 Td (unprofitable ) Tj ET Q q 0 0 0 rg BT 337.48 186.60 Td (ef) Tj ET Q q 0 0 0 rg BT 345.07 186.60 Td (forts, ) Tj ET Q q 0 0 0 rg BT 368.43 186.60 Td (not ) Tj ET Q q 0 0 0 rg BT 383.73 186.60 Td (only ) Tj ET Q q 0 0 0 rg BT 404.03 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 425.99 186.60 Td (dry ) Tj ET Q q 0 0 0 rg BT 441.85 186.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 467.98 186.60 Td (but ) Tj ET Q q 0 0 0 rg BT 483.28 186.60 Td (also ) Tj ET Q q 0 0 0 rg BT 501.92 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 523.88 186.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 547.51 186.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.03 174.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 109.11 174.60 Td (but ) Tj ET Q q 0 0 0 rg BT 124.21 174.60 Td (do ) Tj ET Q q 0 0 0 rg BT 136.53 174.60 Td (not ) Tj ET Q q 0 0 0 rg BT 151.63 174.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 186.16 174.60 Td (suf) Tj ET Q q 0 0 0 rg BT 198.20 174.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 226.06 174.60 Td (net ) Tj ET Q q 0 0 0 rg BT 240.60 174.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 275.68 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.78 174.60 Td (return ) Tj ET Q q 0 0 0 rg BT 311.98 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 318.74 174.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 343.27 174.60 Td (after ) Tj ET Q q 0 0 0 rg BT 363.91 174.60 Td (deducting ) Tj ET Q q 0 0 0 rg BT 405.66 174.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 439.93 174.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 480.01 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.77 174.60 Td (other ) Tj ET Q q 0 0 0 rg BT 519.64 174.60 Td (costs.��) Tj ET Q q 0 0 0 rg BT 546.96 174.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.53 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.78 162.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 111.64 162.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 158.55 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.91 162.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 214.60 162.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.96 162.60 Td (well ) Tj ET Q q 0 0 0 rg BT 240.09 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 248.68 162.60 Td (often ) Tj ET Q q 0 0 0 rg BT 271.15 162.60 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 312.77 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.13 162.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 347.16 162.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 376.29 162.60 Td (can ) Tj ET Q q 0 0 0 rg BT 392.09 162.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 432.32 162.60 Td (af) Tj ET Q q 0 0 0 rg BT 439.91 162.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 456.81 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.95 162.60 Td (economics ) Tj ET Q q 0 0 0 rg BT 515.64 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.89 162.60 Td (a ) Tj ET Q q 0 0 0 rg BT 532.25 162.60 Td (project. ) Tj ET Q q 0 0 0 rg BT 565.01 162.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Further) Tj ET Q q 0 0 0 rg BT 78.54 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 83.54 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.37 150.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 131.31 150.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 175.47 150.60 Td (may ) Tj ET Q q 0 0 0 rg BT 195.18 150.60 Td (be ) Tj ET Q q 0 0 0 rg BT 207.12 150.60 Td (curtailed, ) Tj ET Q q 0 0 0 rg BT 247.10 150.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 280.70 150.60 Td (or ) Tj ET Q q 0 0 0 rg BT 291.53 150.60 Td (canceled ) Tj ET Q q 0 0 0 rg BT 329.00 150.60 Td (as ) Tj ET Q q 0 0 0 rg BT 339.83 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.77 150.60 Td (result ) Tj ET Q q 0 0 0 rg BT 371.48 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.31 150.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 424.25 150.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 456.46 150.60 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 126.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 126.60 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 133.53 126.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 165.48 126.60 Td (conditions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 114.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 114.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 121.32 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.15 114.60 Td (irregularities ) Tj ET Q q 0 0 0 rg BT 185.74 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 196.02 114.60 Td (formations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 102.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 130.21 102.60 Td (failures ) Tj ET Q q 0 0 0 rg BT 162.70 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 173.53 102.60 Td (accidents;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 90.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.40 90.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 152.41 90.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 198.94 90.60 Td (including ) Tj ET Q q 0 0 0 rg BT 239.08 90.60 Td (hurricanes ) Tj ET Q q 0 0 0 rg BT 283.10 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.90 90.60 Td (tropical ) Tj ET Q q 0 0 0 rg BT 332.81 90.60 Td (storms ) Tj ET Q q 0 0 0 rg BT 361.84 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.99 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.79 90.60 Td (around ) Tj ET Q q 0 0 0 rg BT 418.93 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.51 90.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 454.20 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.90 90.60 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 497.81 90.60 Td (that ) Tj ET Q q 0 0 0 rg BT 515.17 90.60 Td (can ) Tj ET Q q 0 0 0 rg BT 531.42 90.60 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 78.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 99.09 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 78.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 147.36 78.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 163.73 78.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 201.19 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.66 78.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 254.46 78.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 289.17 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.64 78.60 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 337.45 78.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 384.64 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.12 78.60 Td (winter ) Tj ET Q q 0 0 0 rg BT 430.70 78.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 475.40 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.87 78.60 Td (forest ) Tj ET Q q 0 0 0 rg BT 518.67 78.60 Td (fires ) Tj ET Q q 0 0 0 rg BT 539.48 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 78.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 66.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 114.11 66.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 155.50 66.60 Td (region ) Tj ET Q q 0 0 0 rg BT 183.54 66.60 Td (that ) Tj ET Q q 0 0 0 rg BT 201.04 66.60 Td (can ) Tj ET Q q 0 0 0 rg BT 217.41 66.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 241.57 66.60 Td (or ) Tj ET Q q 0 0 0 rg BT 252.40 66.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 284.33 66.60 Td (operations;) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 726.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 134.09 726.60 Td (with ) Tj ET Q q 0 0 0 rg BT 154.37 726.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 214.63 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.56 726.60 Td (other ) Tj ET Q q 0 0 0 rg BT 254.61 726.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 312.09 726.60 Td (requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 714.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 118.83 714.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 132.16 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 142.99 714.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 183.25 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 194.08 714.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 222.13 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 232.41 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 714.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 294.61 714.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 307.94 714.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 339.88 714.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 359.88 714.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 407.10 714.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 445.70 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.64 714.60 Td (services; ) Tj ET Q q 0 0 0 rg BT 500.12 714.60 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 702.60 Td (title ) Tj ET Q q 0 0 0 rg BT 103.55 702.60 Td (problems.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 98.67 678.60 Td (our) Tj ET Q q 0 0 0 rg BT 113.49 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.99 678.60 Td (r) Tj ET Q q 0 0 0 rg BT 120.25 678.60 Td (eserves, ) Tj ET Q q 0 0 0 rg BT 155.78 678.60 Td (pr) Tj ET Q q 0 0 0 rg BT 165.60 678.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 205.33 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.96 678.60 Td (futur) Tj ET Q q 0 0 0 rg BT 246.00 678.60 Td (e ) Tj ET Q q 0 0 0 rg BT 252.94 678.60 Td (net ) Tj ET Q q 0 0 0 rg BT 268.77 678.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.16 678.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 314.88 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 324.05 678.60 Td (difficult ) Tj ET Q q 0 0 0 rg BT 360.44 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 371.27 678.60 Td (do ) Tj ET Q q 0 0 0 rg BT 384.33 678.60 Td (with ) Tj ET Q q 0 0 0 rg BT 405.72 678.60 Td (any ) Tj ET Q q 0 0 0 rg BT 423.78 678.60 Td (certainty) Tj ET Q q 0 0 0 rg BT 461.55 678.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 114.23 654.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 156.50 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.23 654.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 199.39 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 213.34 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 654.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 262.33 654.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 279.06 654.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 315.21 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 325.28 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 333.11 654.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 370.94 654.60 Td (process.��It ) Tj ET Q q 0 0 0 rg BT 417.93 654.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 453.54 654.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 514.69 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.42 654.60 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.50 642.60 Td (data ) Tj ET Q q 0 0 0 rg BT 108.07 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 125.43 642.60 Td (various ) Tj ET Q q 0 0 0 rg BT 157.78 642.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 212.64 642.60 Td (including ) Tj ET Q q 0 0 0 rg BT 253.33 642.60 Td (future ) Tj ET Q q 0 0 0 rg BT 280.13 642.60 Td (production ) Tj ET Q q 0 0 0 rg BT 326.37 642.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 350.66 642.60 Td (production ) Tj ET Q q 0 0 0 rg BT 396.90 642.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 422.31 642.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 464.64 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.00 642.60 Td (excise ) Tj ET Q q 0 0 0 rg BT 509.90 642.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 535.86 642.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 102.45 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 118.74 630.60 Td (workover ) Tj ET Q q 0 0 0 rg BT 158.92 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.21 630.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 212.04 630.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 236.40 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.69 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.76 630.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 303.06 630.60 Td (ef) Tj ET Q q 0 0 0 rg BT 310.64 630.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 327.48 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.67 630.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 394.50 630.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 415.80 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.09 630.60 Td (regulations.��) Tj ET Q q 0 0 0 rg BT 483.84 630.60 Td (There ) Tj ET Q q 0 0 0 rg BT 509.01 630.60 Td (are ) Tj ET Q q 0 0 0 rg BT 523.07 630.60 Td (numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 102.79 618.60 Td (about ) Tj ET Q q 0 0 0 rg BT 127.20 618.60 Td (when ) Tj ET Q q 0 0 0 rg BT 151.06 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 157.70 618.60 Td (property ) Tj ET Q q 0 0 0 rg BT 193.77 618.60 Td (may ) Tj ET Q q 0 0 0 rg BT 213.19 618.60 Td (have ) Tj ET Q q 0 0 0 rg BT 234.27 618.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 264.23 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 299.19 618.60 Td (as ) Tj ET Q q 0 0 0 rg BT 309.72 618.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 351.34 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 361.32 618.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 398.51 618.60 Td (or ) Tj ET Q q 0 0 0 rg BT 409.04 618.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 446.22 618.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 483.68 618.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 531.97 618.60 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.11 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.27 606.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 104.97 606.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 141.78 606.60 Td (operations.��Forecasting ) Tj ET Q q 0 0 0 rg BT 239.42 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 253.47 606.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 285.30 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.46 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 307.84 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 342.43 606.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 390.90 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 412.17 606.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 442.87 606.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 488.86 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.13 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 519.17 606.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 70.44 594.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 116.38 594.60 Td (therefrom, ) Tj ET Q q 0 0 0 rg BT 160.36 594.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 194.64 594.60 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 236.41 594.60 Td (one ) Tj ET Q q 0 0 0 rg BT 252.92 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.31 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 277.60 594.60 Td (most ) Tj ET Q q 0 0 0 rg BT 299.11 594.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 343.39 594.60 Td (being ) Tj ET Q q 0 0 0 rg BT 367.67 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.95 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 394.57 594.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 431.61 594.60 Td (factor) Tj ET Q q 0 0 0 rg BT 454.38 594.60 Td (.��) Tj ET Q q 0 0 0 rg BT 461.33 594.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 490.05 594.60 Td (results ) Tj ET Q q 0 0 0 rg BT 518.22 594.60 Td (most ) Tj ET Q q 0 0 0 rg BT 539.73 594.60 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (will ) Tj ET Q q 0 0 0 rg BT 67.82 582.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 88.36 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 110.57 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.66 582.60 Td (estimates.��) Tj ET Q q 0 0 0 rg BT 170.82 582.60 Td (Also, ) Tj ET Q q 0 0 0 rg BT 194.98 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.97 582.60 Td (use ) Tj ET Q q 0 0 0 rg BT 226.07 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.16 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 244.37 582.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 265.47 582.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 302.12 582.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 328.20 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 342.63 582.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 382.05 582.60 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 422.87 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 433.97 582.60 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 478.38 582.60 Td (by ) Tj ET Q q 0 0 0 rg BT 491.15 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.14 582.60 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 529.74 582.60 Td (may ) Tj ET Q q 0 0 0 rg BT 549.73 582.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 96.48 570.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 135.68 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.45 570.60 Td (most ) Tj ET Q q 0 0 0 rg BT 172.46 570.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 220.55 570.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 256.99 570.60 Td (factor) Tj ET Q q 0 0 0 rg BT 279.91 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 284.96 570.60 Td (given ) Tj ET Q q 0 0 0 rg BT 309.73 570.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 336.16 570.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 368.15 570.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 389.59 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 406.58 570.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 428.03 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 438.36 570.60 Td (which ) Tj ET Q q 0 0 0 rg BT 465.36 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 481.24 570.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 520.19 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 537.19 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 551.96 570.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.55 558.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 96.92 558.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 112.87 558.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 148.26 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.65 558.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 193.18 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 208.00 558.60 Td (subject.��) Tj ET Q q 0 0 0 rg BT 243.27 558.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 263.11 558.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 307.93 558.60 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 359.95 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 370.34 558.60 Td (these ) Tj ET Q q 0 0 0 rg BT 393.50 558.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 453.87 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 464.81 558.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 519.37 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 530.31 558.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 546.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 107.00 546.60 Td (could ) Tj ET Q q 0 0 0 rg BT 131.71 546.60 Td (result ) Tj ET Q q 0 0 0 rg BT 156.43 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 166.71 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.65 546.60 Td (revision ) Tj ET Q q 0 0 0 rg BT 208.36 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.19 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.91 546.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 275.29 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.23 546.60 Td (net ) Tj ET Q q 0 0 0 rg BT 306.95 546.60 Td (present ) Tj ET Q q 0 0 0 rg BT 338.32 546.60 Td (value ) Tj ET Q q 0 0 0 rg BT 362.48 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.31 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 389.14 546.60 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.51 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 120.73 522.60 Td (data ) Tj ET Q q 0 0 0 rg BT 139.84 522.60 Td (included ) Tj ET Q q 0 0 0 rg BT 176.74 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 186.98 522.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 232.76 522.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 285.76 522.60 Td (by ) Tj ET Q q 0 0 0 rg BT 298.22 522.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 337.86 522.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 380.86 522.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 420.53 522.60 Td (only) Tj ET Q q 0 0 0 rg BT 437.66 522.60 Td (.��Quantities ) Tj ET Q q 0 0 0 rg BT 488.73 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.52 522.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.75 522.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.90 510.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 104.42 510.60 Td (based ) Tj ET Q q 0 0 0 rg BT 129.38 510.60 Td (on ) Tj ET Q q 0 0 0 rg BT 141.58 510.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 182.64 510.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 229.00 510.60 Td (including ) Tj ET Q q 0 0 0 rg BT 268.97 510.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 361.14 510.60 Td (average ) Tj ET Q q 0 0 0 rg BT 394.41 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 407.17 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.80 510.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 453.76 510.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.28 510.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 495.35 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 509.21 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 510.60 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (period ) Tj ET Q q 0 0 0 rg BT 77.88 498.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 120.13 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.17 498.60 Td (date ) Tj ET Q q 0 0 0 rg BT 154.66 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.82 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.86 498.60 Td (assessment.��) Tj ET Q q 0 0 0 rg BT 232.62 498.60 Td (The ) Tj ET Q q 0 0 0 rg BT 250.99 498.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 309.90 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 323.29 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.55 498.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 371.15 498.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 387.31 498.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 414.01 498.60 Td (used ) Tj ET Q q 0 0 0 rg BT 435.17 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.78 498.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 490.27 498.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 498.60 Td (December�31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 107.87 486.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.11 486.60 Td ($55.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.61 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.42 486.60 Td (per ) Tj ET Q q 0 0 0 rg BT 175.99 486.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 193.25 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 207.72 486.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 232.73 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 246.10 486.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.34 486.60 Td ($2.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.84 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 288.65 486.60 Td (per ) Tj ET Q q 0 0 0 rg BT 304.23 486.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 339.27 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 353.73 486.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 384.30 486.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 402.94 486.60 Td (both ) Tj ET Q q 0 0 0 rg BT 423.53 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.67 486.60 Td (which ) Tj ET Q q 0 0 0 rg BT 461.91 486.60 Td (were ) Tj ET Q q 0 0 0 rg BT 484.15 486.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 520.28 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 534.75 486.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 474.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 99.77 474.60 Td (by ) Tj ET Q q 0 0 0 rg BT 111.91 474.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 134.87 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 137.01 474.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 154.70 474.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 189.60 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.17 474.60 Td (future ) Tj ET Q q 0 0 0 rg BT 232.19 474.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 252.10 474.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 276.46 474.60 Td (may ) Tj ET Q q 0 0 0 rg BT 295.81 474.60 Td (be ) Tj ET Q q 0 0 0 rg BT 307.39 474.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 337.85 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.77 474.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 386.02 474.60 Td (based ) Tj ET Q q 0 0 0 rg BT 410.93 474.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 433.06 474.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 467.41 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 477.33 474.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 518.34 474.60 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (including ) Tj ET Q q 0 0 0 rg BT 89.30 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 101.88 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 462.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 148.12 462.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 163.48 462.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 191.88 462.60 Td (as ) Tj ET Q q 0 0 0 rg BT 202.23 462.60 Td (well ) Tj ET Q q 0 0 0 rg BT 221.47 462.60 Td (as ) Tj ET Q q 0 0 0 rg BT 231.82 462.60 Td (due ) Tj ET Q q 0 0 0 rg BT 248.28 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.09 462.60 Td (production ) Tj ET Q q 0 0 0 rg BT 303.43 462.60 Td (results, ) Tj ET Q q 0 0 0 rg BT 334.06 462.60 Td (results ) Tj ET Q q 0 0 0 rg BT 362.20 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 372.55 462.60 Td (future ) Tj ET Q q 0 0 0 rg BT 398.45 462.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 454.62 462.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 494.41 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.87 462.60 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 73.88 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.21 450.60 Td (other ) Tj ET Q q 0 0 0 rg BT 112.64 450.60 Td (factors.��Downward ) Tj ET Q q 0 0 0 rg BT 193.67 450.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 231.66 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.87 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 257.09 450.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 291.73 450.60 Td (could ) Tj ET Q q 0 0 0 rg BT 315.83 450.60 Td (have ) Tj ET Q q 0 0 0 rg BT 336.59 450.60 Td (an ) Tj ET Q q 0 0 0 rg BT 347.92 450.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 380.34 450.60 Td (ef) Tj ET Q q 0 0 0 rg BT 387.93 450.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 404.80 450.60 Td (on ) Tj ET Q q 0 0 0 rg BT 416.68 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.90 450.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.76 450.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 508.42 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 450.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (results.��) Tj ET Q q 0 0 0 rg BT 82.56 438.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 111.71 438.60 Td (future ) Tj ET Q q 0 0 0 rg BT 138.09 438.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 164.47 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.40 438.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 203.90 438.60 Td (may ) Tj ET Q q 0 0 0 rg BT 223.62 438.60 Td (be ) Tj ET Q q 0 0 0 rg BT 235.56 438.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 278.60 438.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 306.64 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 317.47 438.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 342.74 438.60 Td (than ) Tj ET Q q 0 0 0 rg BT 362.46 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.18 438.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 403.55 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.49 438.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 442.99 438.60 Td (used ) Tj ET Q q 0 0 0 rg BT 463.82 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 474.10 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 489.93 438.60 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.37 414.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.46 414.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 148.31 414.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.31 414.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.56 414.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.08 414.60 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.41 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 252.17 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.26 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.35 414.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 317.43 414.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 346.96 414.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 381.48 414.60 Td (were ) Tj ET Q q 0 0 0 rg BT 402.66 414.60 Td (undeveloped.��Recovery ) Tj ET Q q 0 0 0 rg BT 501.33 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.42 414.60 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.78 402.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 119.51 402.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 164.24 402.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 193.42 402.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 247.03 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.99 402.60 Td (may ) Tj ET Q q 0 0 0 rg BT 283.73 402.60 Td (require ) Tj ET Q q 0 0 0 rg BT 314.57 402.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 358.19 402.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.15 402.60 Td (operations.��) Tj ET Q q 0 0 0 rg BT 439.13 402.60 Td (The ) Tj ET Q q 0 0 0 rg BT 457.20 402.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 492.48 402.60 Td (data ) Tj ET Q q 0 0 0 rg BT 511.66 402.60 Td (assumes ) Tj ET Q q 0 0 0 rg BT 547.51 402.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.78 390.60 Td (can ) Tj ET Q q 0 0 0 rg BT 80.28 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.33 390.60 Td (will ) Tj ET Q q 0 0 0 rg BT 115.51 390.60 Td (make ) Tj ET Q q 0 0 0 rg BT 139.79 390.60 Td (these ) Tj ET Q q 0 0 0 rg BT 162.95 390.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 216.67 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.72 390.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 268.00 390.60 Td (these ) Tj ET Q q 0 0 0 rg BT 291.17 390.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 335.44 390.60 Td (successfully) Tj ET Q q 0 0 0 rg BT 383.67 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 388.79 390.60 Td (but ) Tj ET Q q 0 0 0 rg BT 404.19 390.60 Td (these ) Tj ET Q q 0 0 0 rg BT 427.35 390.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 479.42 390.60 Td (may ) Tj ET Q q 0 0 0 rg BT 499.26 390.60 Td (not ) Tj ET Q q 0 0 0 rg BT 514.65 390.60 Td (be ) Tj ET Q q 0 0 0 rg BT 526.71 390.60 Td (accurate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 378.60 Td (these ) Tj ET Q q 0 0 0 rg BT 89.49 378.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.08 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.02 378.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 204.17 378.60 Td (may ) Tj ET Q q 0 0 0 rg BT 223.89 378.60 Td (not ) Tj ET Q q 0 0 0 rg BT 239.17 378.60 Td (occur) Tj ET Q q 0 0 0 rg BT 260.82 378.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (If ) Tj ET Q q 0 0 0 rg BT 59.29 354.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 109.62 354.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 137.73 354.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 170.29 354.60 Td (appr) Tj ET Q q 0 0 0 rg BT 190.67 354.60 Td (eciably) Tj ET Q q 0 0 0 rg BT 220.11 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 225.17 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 239.40 354.60 Td (may ) Tj ET Q q 0 0 0 rg BT 260.29 354.60 Td (be ) Tj ET Q q 0 0 0 rg BT 272.85 354.60 Td (r) Tj ET Q q 0 0 0 rg BT 277.11 354.60 Td (equir) Tj ET Q q 0 0 0 rg BT 299.71 354.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 312.27 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.17 354.60 Td (write ) Tj ET Q q 0 0 0 rg BT 347.94 354.60 Td (down ) Tj ET Q q 0 0 0 rg BT 373.85 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.74 354.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 428.96 354.60 Td (value ) Tj ET Q q 0 0 0 rg BT 454.30 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.19 354.60 Td (our) Tj ET Q q 0 0 0 rg BT 480.01 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 482.58 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 495.70 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.38 354.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 548.62 354.60 Td (gas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (pr) Tj ET Q q 0 0 0 rg BT 59.32 342.60 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 318.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.60 318.60 Td (full ) Tj ET Q q 0 0 0 rg BT 110.60 318.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 128.83 318.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 174.81 318.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 196.36 318.60 Td (related ) Tj ET Q q 0 0 0 rg BT 225.68 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.57 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 251.01 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.68 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.23 318.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 310.11 318.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 325.55 318.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 370.15 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 383.93 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 398.25 318.60 Td (required ) Tj ET Q q 0 0 0 rg BT 433.68 318.60 Td (each ) Tj ET Q q 0 0 0 rg BT 454.10 318.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 484.53 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.42 318.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 528.75 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 535.30 318.60 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (test ) Tj ET Q q 0 0 0 rg BT 65.82 306.60 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 114.61 306.60 Td (with ) Tj ET Q q 0 0 0 rg BT 134.82 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.47 306.60 Td (net ) Tj ET Q q 0 0 0 rg BT 164.11 306.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 209.85 306.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.28 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.04 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 258.79 306.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.78 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.65 306.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 318.84 306.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 334.60 306.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 377.01 306.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 407.77 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.98 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.63 306.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 457.83 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.58 306.60 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 520.99 306.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 539.53 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 550.29 306.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.38 294.60 Td (center ) Tj ET Q q 0 0 0 rg BT 95.57 294.60 Td (ceiling. ) Tj ET Q q 0 0 0 rg BT 128.05 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 130.61 294.60 Td (The ) Tj ET Q q 0 0 0 rg BT 148.93 294.60 Td (present ) Tj ET Q q 0 0 0 rg BT 180.57 294.60 Td (value ) Tj ET Q q 0 0 0 rg BT 205.00 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.09 294.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 257.18 294.60 Td (future ) Tj ET Q q 0 0 0 rg BT 283.83 294.60 Td (net ) Tj ET Q q 0 0 0 rg BT 298.81 294.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.12 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 359.32 294.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 389.86 294.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.18 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.39 294.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 450.92 294.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 467.02 294.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 502.54 294.60 Td (included ) Tj ET Q q 0 0 0 rg BT 539.74 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 294.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.85 282.60 Td (center ) Tj ET Q q 0 0 0 rg BT 96.51 282.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 126.96 282.60 Td (is ) Tj ET Q q 0 0 0 rg BT 136.86 282.60 Td (based ) Tj ET Q q 0 0 0 rg BT 162.87 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 176.11 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.56 282.60 Td (average ) Tj ET Q q 0 0 0 rg BT 225.88 282.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 319.09 282.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 332.88 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.56 282.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.56 282.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 398.13 282.60 Td (price ) Tj ET Q q 0 0 0 rg BT 421.35 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 436.25 282.60 Td (each ) Tj ET Q q 0 0 0 rg BT 457.80 282.60 Td (month ) Tj ET Q q 0 0 0 rg BT 486.59 282.60 Td (during ) Tj ET Q q 0 0 0 rg BT 515.94 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 523.62 282.60 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (rolling ) Tj ET Q q 0 0 0 rg BT 78.64 270.60 Td (period ) Tj ET Q q 0 0 0 rg BT 106.67 270.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 128.58 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.84 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.54 270.60 Td (end ) Tj ET Q q 0 0 0 rg BT 170.45 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.26 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 188.18 270.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 228.97 270.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 268.10 270.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 298.62 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.10 270.60 Td (Future ) Tj ET Q q 0 0 0 rg BT 329.69 270.60 Td (material ) Tj ET Q q 0 0 0 rg BT 364.92 270.60 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 417.39 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.20 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 444.01 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 457.04 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 473.96 270.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 504.20 270.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 520.01 270.60 Td (properties, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (as ) Tj ET Q q 0 0 0 rg BT 60.06 258.60 Td (well ) Tj ET Q q 0 0 0 rg BT 79.50 258.60 Td (as ) Tj ET Q q 0 0 0 rg BT 90.06 258.60 Td (future ) Tj ET Q q 0 0 0 rg BT 116.17 258.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 164.49 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.05 258.60 Td (other ) Tj ET Q q 0 0 0 rg BT 197.83 258.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 241.16 258.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 269.22 258.60 Td (could ) Tj ET Q q 0 0 0 rg BT 293.66 258.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 345.88 258.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 374.75 258.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 410.86 258.60 Td (during ) Tj ET Q q 0 0 0 rg BT 439.19 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.64 258.60 Td (period ) Tj ET Q q 0 0 0 rg BT 481.41 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 491.42 258.60 Td (which ) Tj ET Q q 0 0 0 rg BT 518.09 258.60 Td (such ) Tj ET Q q 0 0 0 rg BT 538.64 258.60 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (down ) Tj ET Q q 0 0 0 rg BT 75.43 246.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 104.68 246.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 154.49 246.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 184.30 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.44 246.60 Td (would ) Tj ET Q q 0 0 0 rg BT 231.15 246.60 Td (result ) Tj ET Q q 0 0 0 rg BT 257.07 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 268.56 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 276.71 246.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 337.62 246.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 379.09 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.58 246.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 435.39 246.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 462.43 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.57 246.60 Td (equity) Tj ET Q q 0 0 0 rg BT 504.92 246.60 Td (. ) Tj ET Q q 0 0 0 rg BT 511.13 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 514.83 246.60 Td (See ) Tj ET Q q 0 0 0 rg BT 532.98 246.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 555.01 246.60 Td (7, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 103.75 234.60 Td (s ) Tj ET Q q 0 0 0 rg BT 111.00 234.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 158.25 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.36 234.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 213.61 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.75 234.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 266.99 234.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 310.35 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 328.71 234.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 360.95 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 372.09 234.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 420.45 234.60 Td (� ) Tj ET Q q 0 0 0 rg BT 428.81 234.60 Td (Critical ) Tj ET Q q 0 0 0 rg BT 463.03 234.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 511.93 234.60 Td (Policies ) Tj ET Q q 0 0 0 rg BT 547.50 234.60 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.39 222.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.81 198.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 106.99 198.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 142.46 198.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.18 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.02 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.07 198.60 Td (r) Tj ET Q q 0 0 0 rg BT 229.32 198.60 Td (elated ) Tj ET Q q 0 0 0 rg BT 257.59 198.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 313.63 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.68 198.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 368.49 198.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 383.49 197.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.74 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 389.46 198.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 429.96 198.60 Td (could ) Tj ET Q q 0 0 0 rg BT 456.02 198.60 Td (be ) Tj ET Q q 0 0 0 rg BT 468.74 198.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 504.23 198.60 Td (by ) Tj ET Q q 0 0 0 rg BT 517.51 198.60 Td (difficulties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.34 186.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 103.41 186.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 139.81 186.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 199.52 186.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 227.68 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.18 186.60 Td (permits, ) Tj ET Q q 0 0 0 rg BT 267.95 186.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 296.11 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 298.61 186.60 Td (by ) Tj ET Q q 0 0 0 rg BT 311.67 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.50 186.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 356.12 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.95 186.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.43 186.60 Td (species ) Tj ET Q q 0 0 0 rg BT 431.37 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 442.76 186.60 Td (thr) Tj ET Q q 0 0 0 rg BT 455.91 186.60 Td (eatened ) Tj ET Q q 0 0 0 rg BT 491.18 186.60 Td (or) Tj ET Q q 0 0 0 rg BT 500.44 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.94 186.60 Td (endanger) Tj ET Q q 0 0 0 rg BT 542.76 186.60 Td (ed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 162.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.96 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 132.19 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 143.43 162.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 168.55 162.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 182.01 162.60 Td (from ) Tj ET Q q 0 0 0 rg BT 204.36 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.60 162.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 255.16 162.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 286.94 162.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.51 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 341.09 162.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 385.09 162.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 408.00 162.60 Td (having ) Tj ET Q q 0 0 0 rg BT 438.13 162.60 Td (access ) Tj ET Q q 0 0 0 rg BT 466.57 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.26 162.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 516.27 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.96 162.60 Td (transport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (available ) Tj ET Q q 0 0 0 rg BT 88.43 150.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 102.32 149.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.57 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.41 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.03 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 135.21 150.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 148.60 150.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 173.66 150.60 Td (at ) Tj ET Q q 0 0 0 rg BT 183.72 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 191.00 150.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 209.95 150.60 Td (that ) Tj ET Q q 0 0 0 rg BT 227.79 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 237.30 150.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 294.01 150.60 Td (viable.��Our ) Tj ET Q q 0 0 0 rg BT 344.34 150.60 Td (future ) Tj ET Q q 0 0 0 rg BT 371.06 150.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 423.33 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.50 150.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 448.39 149.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.64 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 454.49 150.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 493.43 150.60 Td (will ) Tj ET Q q 0 0 0 rg BT 511.83 150.60 Td (require ) Tj ET Q q 0 0 0 rg BT 542.99 150.60 Td (us ) Tj ET Q q 0 0 0 rg BT 554.72 150.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 77.11 138.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 134.16 138.60 Td (from ) Tj ET Q q 0 0 0 rg BT 156.22 138.60 Td (private ) Tj ET Q q 0 0 0 rg BT 186.60 138.60 Td (landowners, ) Tj ET Q q 0 0 0 rg BT 237.82 138.60 Td (state ) Tj ET Q q 0 0 0 rg BT 258.77 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.83 138.60 Td (local ) Tj ET Q q 0 0 0 rg BT 297.88 138.60 Td (governments ) Tj ET Q q 0 0 0 rg BT 352.15 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.21 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 384.05 138.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 414.42 138.60 Td (government ) Tj ET Q q 0 0 0 rg BT 464.81 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 475.20 138.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 505.02 138.60 Td (areas.��Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (states ) Tj ET Q q 0 0 0 rg BT 74.40 126.60 Td (where ) Tj ET Q q 0 0 0 rg BT 101.52 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 115.87 126.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 147.98 126.60 Td (have ) Tj ET Q q 0 0 0 rg BT 169.54 126.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 215.54 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 226.56 126.60 Td (may ) Tj ET Q q 0 0 0 rg BT 246.46 126.60 Td (again ) Tj ET Q q 0 0 0 rg BT 270.81 126.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 307.37 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.27 126.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 359.96 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 370.97 126.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 391.99 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 403.01 126.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 450.13 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 467.81 126.60 Td (could ) Tj ET Q q 0 0 0 rg BT 492.71 126.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 514.29 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 525.31 126.60 Td (eliminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.57 114.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 90.98 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.17 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 107.47 114.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 141.54 114.60 Td (owner ) Tj ET Q q 0 0 0 rg BT 168.39 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 178.57 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.76 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 195.06 114.60 Td (state, ) Tj ET Q q 0 0 0 rg BT 217.74 114.60 Td (state�) Tj ET Q q 0 0 0 rg BT 238.85 114.60 Td (s ) Tj ET Q q 0 0 0 rg BT 244.60 114.60 Td (legislature ) Tj ET Q q 0 0 0 rg BT 288.10 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 298.29 114.60 Td (its ) Tj ET Q q 0 0 0 rg BT 309.60 114.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 368.66 114.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 404.94 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.58 114.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 449.19 114.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 483.26 114.60 Td (domain ) Tj ET Q q 0 0 0 rg BT 515.12 114.60 Td (over ) Tj ET Q q 0 0 0 rg BT 534.74 114.60 Td (private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (property) Tj ET Q q 0 0 0 rg BT 82.73 102.60 Td (, ) Tj ET Q q 0 0 0 rg BT 89.15 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 100.85 102.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 137.55 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.25 102.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 185.96 102.60 Td (judicially ) Tj ET Q q 0 0 0 rg BT 227.65 102.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 265.46 102.60 Td (constraints ) Tj ET Q q 0 0 0 rg BT 312.71 102.60 Td (on, ) Tj ET Q q 0 0 0 rg BT 329.13 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.49 102.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.41 102.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 447.53 102.60 Td (for) Tj ET Q q 0 0 0 rg BT 458.79 102.60 Td (, ) Tj ET Q q 0 0 0 rg BT 465.22 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.36 102.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 518.04 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.29 102.60 Td (eminent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (domain.��) Tj ET Q q 0 0 0 rg BT 86.81 90.60 Td (W) Tj ET Q q 0 0 0 rg BT 95.45 90.60 Td (e ) Tj ET Q q 0 0 0 rg BT 102.78 90.60 Td (also ) Tj ET Q q 0 0 0 rg BT 121.78 90.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 156.32 90.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.86 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 213.75 90.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 244.39 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 261.72 90.60 Td (other ) Tj ET Q q 0 0 0 rg BT 285.15 90.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 298.60 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.93 90.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 346.58 90.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 362.80 90.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 389.56 90.60 Td (inhabited ) Tj ET Q q 0 0 0 rg BT 429.66 90.60 Td (by ) Tj ET Q q 0 0 0 rg BT 442.55 90.60 Td (species ) Tj ET Q q 0 0 0 rg BT 474.31 90.60 Td (that ) Tj ET Q q 0 0 0 rg BT 492.20 90.60 Td (could ) Tj ET Q q 0 0 0 rg BT 517.30 90.60 Td (be ) Tj ET Q q 0 0 0 rg BT 529.63 90.60 Td (listed ) Tj ET Q q 0 0 0 rg BT 554.18 90.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 93.57 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 104.34 78.60 Td (endangered ) Tj ET Q q 0 0 0 rg BT 152.85 78.60 Td (under ) Tj ET Q q 0 0 0 rg BT 178.06 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.71 78.60 Td (Endangered ) Tj ET Q q 0 0 0 rg BT 242.89 78.60 Td (Species ) Tj ET Q q 0 0 0 rg BT 275.34 78.60 Td (Act, ) Tj ET Q q 0 0 0 rg BT 294.71 78.60 Td (which ) Tj ET Q q 0 0 0 rg BT 321.58 78.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 349.02 78.60 Td (could ) Tj ET Q q 0 0 0 rg BT 373.67 78.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 392.75 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 402.97 78.60 Td (tighter ) Tj ET Q q 0 0 0 rg BT 431.50 78.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 478.37 78.60 Td (as ) Tj ET Q q 0 0 0 rg BT 489.13 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.34 78.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 529.53 78.60 Td (land ) Tj ET Q q 0 0 0 rg BT 549.18 78.60 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.67 66.60 Td (other ) Tj ET Q q 0 0 0 rg BT 87.94 66.60 Td (land ) Tj ET Q q 0 0 0 rg BT 106.89 66.60 Td (use ) Tj ET Q q 0 0 0 rg BT 121.95 66.60 Td (where ) Tj ET Q q 0 0 0 rg BT 148.10 66.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 177.59 66.60 Td (approvals ) Tj ET Q q 0 0 0 rg BT 218.19 66.60 Td (are ) Tj ET Q q 0 0 0 rg BT 232.13 66.60 Td (required.��) Tj ET Q q 0 0 0 rg BT 272.76 66.60 Td (These ) Tj ET Q q 0 0 0 rg BT 298.37 66.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 318.43 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 334.59 66.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 383.25 66.60 Td (together ) Tj ET Q q 0 0 0 rg BT 417.75 66.60 Td (with ) Tj ET Q q 0 0 0 rg BT 437.25 66.60 Td (any ) Tj ET Q q 0 0 0 rg BT 453.42 66.60 Td (other ) Tj ET Q q 0 0 0 rg BT 475.70 66.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 509.63 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 519.14 66.60 Td (law ) Tj ET Q q 0 0 0 rg BT 535.31 66.60 Td (related ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.63 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.20 726.60 Td (use ) Tj ET Q q 0 0 0 rg BT 89.89 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 100.57 726.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 135.13 726.60 Td (domain ) Tj ET Q q 0 0 0 rg BT 167.48 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 178.17 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.74 726.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 220.10 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.78 726.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 260.33 726.60 Td (species ) Tj ET Q q 0 0 0 rg BT 291.57 726.60 Td (as ) Tj ET Q q 0 0 0 rg BT 302.25 726.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 346.24 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 356.93 726.60 Td (endangered, ) Tj ET Q q 0 0 0 rg BT 407.86 726.60 Td (could ) Tj ET Q q 0 0 0 rg BT 432.43 726.60 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 460.90 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 471.58 726.60 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 511.15 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.83 726.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.73 726.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 78.64 714.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 136.67 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 148.60 714.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 191.08 714.60 Td (access ) Tj ET Q q 0 0 0 rg BT 220.22 714.60 Td (land ) Tj ET Q q 0 0 0 rg BT 241.04 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 256.30 714.60 Td (current ) Tj ET Q q 0 0 0 rg BT 288.22 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 300.16 714.60 Td (future ) Tj ET Q q 0 0 0 rg BT 327.63 714.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 363.45 714.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 416.49 714.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 451.74 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.78 714.60 Td (may ) Tj ET Q q 0 0 0 rg BT 490.60 714.60 Td (require ) Tj ET Q q 0 0 0 rg BT 522.52 714.60 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 94.33 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.50 702.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 174.00 702.60 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 226.32 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.50 702.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 285.98 702.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 309.72 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 321.23 702.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 368.84 702.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 412.84 702.60 Td (which ) Tj ET Q q 0 0 0 rg BT 441.01 702.60 Td (could ) Tj ET Q q 0 0 0 rg BT 466.97 702.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 492.36 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 509.42 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 523.31 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.56 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.30 702.60 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 101.43 690.60 Td (schedule ) Tj ET Q q 0 0 0 rg BT 138.92 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.86 690.60 Td (initiation ) Tj ET Q q 0 0 0 rg BT 194.47 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 205.30 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 221.13 690.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 255.84 690.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 302.49 690.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 330.54 690.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 365.79 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.51 690.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 403.01 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 413.84 690.60 Td (constructing ) Tj ET Q q 0 0 0 rg BT 465.77 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 481.60 690.60 Td (pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.56 666.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 122.84 666.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 142.46 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.30 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.14 666.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 206.30 666.60 Td (105-mile ) Tj ET Q q 0 0 0 rg BT 245.92 666.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 265.93 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 269.44 666.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 305.16 666.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 347.00 666.60 Td (may ) Tj ET Q q 0 0 0 rg BT 367.72 666.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 398.99 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 415.83 666.60 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 459.05 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 477.00 666.60 Td (there ) Tj ET Q q 0 0 0 rg BT 500.50 666.60 Td (may ) Tj ET Q q 0 0 0 rg BT 521.23 666.60 Td (be ) Tj ET Q q 0 0 0 rg BT 534.17 666.60 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 96.85 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.55 654.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 136.56 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 150.59 654.60 Td (its ) Tj ET Q q 0 0 0 rg BT 162.40 654.60 Td (construction. ) Tj ET Q q 0 0 0 rg BT 216.70 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 218.90 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 227.53 654.60 Td (e ) Tj ET Q q 0 0 0 rg BT 234.34 654.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.92 654.60 Td (not ) Tj ET Q q 0 0 0 rg BT 269.07 654.60 Td (be ) Tj ET Q q 0 0 0 rg BT 280.87 654.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 324.33 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 334.48 654.60 Td (entering ) Tj ET Q q 0 0 0 rg BT 369.61 654.60 Td (into ) Tj ET Q q 0 0 0 rg BT 387.53 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 394.33 654.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 415.03 654.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 447.39 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 461.41 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.99 654.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 516.69 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 533.49 654.60 Td (may ) Tj ET Q q 0 0 0 rg BT 553.07 654.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 78.95 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 89.52 642.60 Td (raise ) Tj ET Q q 0 0 0 rg BT 111.20 642.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 156.76 642.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 181.77 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 196.23 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.35 642.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 232.36 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 235.16 642.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 270.17 642.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 311.29 642.60 Td (spend ) Tj ET Q q 0 0 0 rg BT 337.41 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 347.99 642.60 Td (2020. ) Tj ET Q q 0 0 0 rg BT 373.28 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 376.08 642.60 Td (In ) Tj ET Q q 0 0 0 rg BT 387.20 642.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 425.27 642.60 Td (while ) Tj ET Q q 0 0 0 rg BT 450.28 642.60 Td (we ) Tj ET Q q 0 0 0 rg BT 464.74 642.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 506.40 642.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 554.19 642.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.60 630.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 84.61 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 630.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 122.59 630.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 163.80 630.60 Td (by ) Tj ET Q q 0 0 0 rg BT 176.68 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.78 630.60 Td (end ) Tj ET Q q 0 0 0 rg BT 209.10 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.32 630.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 245.70 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 260.80 630.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 287.55 630.60 Td (date ) Tj ET Q q 0 0 0 rg BT 307.09 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.31 630.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 366.18 630.60 Td (may ) Tj ET Q q 0 0 0 rg BT 386.28 630.60 Td (be ) Tj ET Q q 0 0 0 rg BT 398.60 630.60 Td (later ) Tj ET Q q 0 0 0 rg BT 419.25 630.60 Td (due ) Tj ET Q q 0 0 0 rg BT 436.57 630.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 449.73 630.60 Td (among ) Tj ET Q q 0 0 0 rg BT 479.83 630.60 Td (other ) Tj ET Q q 0 0 0 rg BT 503.26 630.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 535.85 630.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (constraints ) Tj ET Q q 0 0 0 rg BT 95.33 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.26 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.98 618.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 170.57 618.60 Td (issues ) Tj ET Q q 0 0 0 rg BT 196.97 618.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 237.80 618.60 Td (above. ) Tj ET Q q 0 0 0 rg BT 266.67 618.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.48 594.60 Td (futur) Tj ET Q q 0 0 0 rg BT 91.52 594.60 Td (e ) Tj ET Q q 0 0 0 rg BT 98.33 594.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 155.69 594.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 193.08 594.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 217.14 594.60 Td (our) Tj ET Q q 0 0 0 rg BT 231.96 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.34 594.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 263.94 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 594.60 Td (effectively ) Tj ET Q q 0 0 0 rg BT 320.33 594.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 355.49 594.60 Td (our) Tj ET Q q 0 0 0 rg BT 370.31 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 372.68 594.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 407.84 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.77 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 439.28 594.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.32 594.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 489.59 594.60 Td (r) Tj ET Q q 0 0 0 rg BT 493.85 594.60 Td (eserves ) Tj ET Q q 0 0 0 rg BT 526.77 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 545.27 594.60 Td (find ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (or) Tj ET Q q 0 0 0 rg BT 58.76 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 61.26 582.60 Td (acquir) Tj ET Q q 0 0 0 rg BT 88.86 582.60 Td (e ) Tj ET Q q 0 0 0 rg BT 95.79 582.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 141.64 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.70 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.32 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 207.49 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.88 582.60 Td (r) Tj ET Q q 0 0 0 rg BT 228.14 582.60 Td (eserves ) Tj ET Q q 0 0 0 rg BT 261.18 582.60 Td (that ) Tj ET Q q 0 0 0 rg BT 280.90 582.60 Td (ar) Tj ET Q q 0 0 0 rg BT 290.16 582.60 Td (e ) Tj ET Q q 0 0 0 rg BT 297.10 582.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 355.14 582.60 Td (r) Tj ET Q q 0 0 0 rg BT 359.40 582.60 Td (ecoverable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (Unless ) Tj ET Q q 0 0 0 rg BT 96.40 558.60 Td (we ) Tj ET Q q 0 0 0 rg BT 109.74 558.60 Td (can ) Tj ET Q q 0 0 0 rg BT 125.29 558.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 175.84 558.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 209.18 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 224.18 558.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 257.53 558.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 291.96 558.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 319.19 558.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 349.73 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.62 558.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 398.06 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 414.73 558.60 Td (we ) Tj ET Q q 0 0 0 rg BT 428.07 558.60 Td (produce, ) Tj ET Q q 0 0 0 rg BT 464.45 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 479.46 558.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 513.89 558.60 Td (will ) Tj ET Q q 0 0 0 rg BT 531.13 558.60 Td (decline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.86 546.60 Td (eventually ) Tj ET Q q 0 0 0 rg BT 130.88 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.03 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 147.83 546.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 184.62 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 194.76 546.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.69 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.50 546.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 254.63 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 270.33 546.60 Td (production ) Tj ET Q q 0 0 0 rg BT 316.02 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.83 546.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 357.96 546.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 395.87 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.67 546.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.81 546.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 457.40 546.60 Td (from ) Tj ET Q q 0 0 0 rg BT 479.21 546.60 Td (operations.��) Tj ET Q q 0 0 0 rg BT 528.18 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 536.82 546.60 Td (e ) Tj ET Q q 0 0 0 rg BT 543.63 546.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 98.76 534.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 136.88 534.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 173.91 534.60 Td (through ) Tj ET Q q 0 0 0 rg BT 209.28 534.60 Td (both ) Tj ET Q q 0 0 0 rg BT 231.32 534.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 283.36 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 302.07 534.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.87 534.60 Td (or) Tj ET Q q 0 0 0 rg BT 345.02 534.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 370.94 534.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 403.54 534.60 Td (activities.��For ) Tj ET Q q 0 0 0 rg BT 465.29 534.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 500.10 534.60 Td (or) Tj ET Q q 0 0 0 rg BT 508.25 534.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 534.17 534.60 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (activities, ) Tj ET Q q 0 0 0 rg BT 90.50 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.12 522.60 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 149.74 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 522.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 190.65 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 225.81 522.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.21 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 257.27 522.60 Td (can ) Tj ET Q q 0 0 0 rg BT 273.55 522.60 Td (book ) Tj ET Q q 0 0 0 rg BT 295.96 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.14 522.60 Td (any ) Tj ET Q q 0 0 0 rg BT 322.98 522.60 Td (given ) Tj ET Q q 0 0 0 rg BT 347.60 522.60 Td (year ) Tj ET Q q 0 0 0 rg BT 367.21 522.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 402.38 522.60 Td (on ) Tj ET Q q 0 0 0 rg BT 414.79 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 430.52 522.60 Td (progress ) Tj ET Q q 0 0 0 rg BT 466.81 522.60 Td (with ) Tj ET Q q 0 0 0 rg BT 486.99 522.60 Td (new ) Tj ET Q q 0 0 0 rg BT 506.05 522.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 533.46 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 522.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.32 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 89.36 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.29 510.60 Td (production ) Tj ET Q q 0 0 0 rg BT 150.32 510.60 Td (response, ) Tj ET Q q 0 0 0 rg BT 190.52 510.60 Td (as ) Tj ET Q q 0 0 0 rg BT 201.56 510.60 Td (well ) Tj ET Q q 0 0 0 rg BT 221.49 510.60 Td (as ) Tj ET Q q 0 0 0 rg BT 232.52 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.45 510.60 Td (success ) Tj ET Q q 0 0 0 rg BT 280.15 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.19 510.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 341.67 510.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 378.53 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 381.24 510.60 Td (In ) Tj ET Q q 0 0 0 rg BT 392.28 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.20 510.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 436.29 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 450.66 510.60 Td (may ) Tj ET Q q 0 0 0 rg BT 470.58 510.60 Td (not ) Tj ET Q q 0 0 0 rg BT 486.07 510.60 Td (be ) Tj ET Q q 0 0 0 rg BT 498.22 510.60 Td (able ) Tj ET Q q 0 0 0 rg BT 517.58 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 528.07 510.60 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 498.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 91.63 498.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 127.14 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 137.10 498.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 182.03 498.60 Td (costs.��) Tj ET Q q 0 0 0 rg BT 209.35 498.60 Td (The ) Tj ET Q q 0 0 0 rg BT 227.64 498.60 Td (business ) Tj ET Q q 0 0 0 rg BT 264.28 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.36 498.60 Td (exploring ) Tj ET Q q 0 0 0 rg BT 316.43 498.60 Td (for) Tj ET Q q 0 0 0 rg BT 327.69 498.60 Td (, ) Tj ET Q q 0 0 0 rg BT 332.93 498.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 380.11 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 391.19 498.60 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 431.70 498.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 467.20 498.60 Td (is ) Tj ET Q q 0 0 0 rg BT 476.62 498.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 506.01 498.60 Td (intensive.��) Tj ET Q q 0 0 0 rg BT 549.44 498.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 498.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (may ) Tj ET Q q 0 0 0 rg BT 69.08 486.60 Td (not ) Tj ET Q q 0 0 0 rg BT 84.22 486.60 Td (be ) Tj ET Q q 0 0 0 rg BT 96.02 486.60 Td (able ) Tj ET Q q 0 0 0 rg BT 115.03 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.17 486.60 Td (make ) Tj ET Q q 0 0 0 rg BT 149.19 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.77 486.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 204.99 486.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.00 486.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 280.25 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.39 486.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 327.74 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 338.43 486.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 369.67 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 385.36 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 398.27 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.07 486.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 445.20 486.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 460.89 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 496.01 486.60 Td (if ) Tj ET Q q 0 0 0 rg BT 504.48 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 520.17 486.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.30 486.60 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.16 474.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 115.03 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 129.45 474.60 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 165.81 474.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 200.24 474.60 Td (due ) Tj ET Q q 0 0 0 rg BT 216.89 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 226.89 474.60 Td (current ) Tj ET Q q 0 0 0 rg BT 257.42 474.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 270.19 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 280.74 474.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 310.72 474.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 326.27 474.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 352.36 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 362.91 474.60 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 406.50 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 417.05 474.60 Td (if ) Tj ET Q q 0 0 0 rg BT 425.37 474.60 Td (external ) Tj ET Q q 0 0 0 rg BT 459.79 474.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 492.00 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 502.55 474.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 531.41 474.60 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 80.32 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 91.14 462.60 Td (unavailable.��Further) Tj ET Q q 0 0 0 rg BT 173.77 462.60 Td (, ) Tj ET Q q 0 0 0 rg BT 178.76 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.47 462.60 Td (process ) Tj ET Q q 0 0 0 rg BT 225.95 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.77 462.60 Td (using ) Tj ET Q q 0 0 0 rg BT 260.94 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 274.83 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.08 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.57 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 294.72 462.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 326.08 462.60 Td (recovery) Tj ET Q q 0 0 0 rg BT 360.41 462.60 Td (, ) Tj ET Q q 0 0 0 rg BT 365.40 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.33 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 397.04 462.60 Td (related ) Tj ET Q q 0 0 0 rg BT 426.73 462.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 485.59 462.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 520.29 462.60 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 77.89 450.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 123.51 450.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 144.69 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 154.20 450.60 Td (any ) Tj ET Q q 0 0 0 rg BT 170.38 450.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 207.11 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.29 450.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 266.12 450.60 Td (production ) Tj ET Q q 0 0 0 rg BT 311.18 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.36 450.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 346.87 450.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 370.83 450.60 Td (from ) Tj ET Q q 0 0 0 rg BT 392.00 450.60 Td (these ) Tj ET Q q 0 0 0 rg BT 414.29 450.60 Td (projects, ) Tj ET Q q 0 0 0 rg BT 450.18 450.60 Td (heightening ) Tj ET Q q 0 0 0 rg BT 499.13 450.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 535.86 450.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (constraints.��If ) Tj ET Q q 0 0 0 rg BT 108.78 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 123.90 438.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 152.34 438.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 205.22 438.60 Td (are ) Tj ET Q q 0 0 0 rg BT 219.22 438.60 Td (restricted, ) Tj ET Q q 0 0 0 rg BT 260.71 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 270.84 438.60 Td (if ) Tj ET Q q 0 0 0 rg BT 278.74 438.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 309.41 438.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 337.85 438.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 377.40 438.60 Td (become ) Tj ET Q q 0 0 0 rg BT 410.29 438.60 Td (limited, ) Tj ET Q q 0 0 0 rg BT 442.91 438.60 Td (we ) Tj ET Q q 0 0 0 rg BT 456.36 438.60 Td (will ) Tj ET Q q 0 0 0 rg BT 473.71 438.60 Td (not ) Tj ET Q q 0 0 0 rg BT 488.28 438.60 Td (be ) Tj ET Q q 0 0 0 rg BT 499.51 438.60 Td (able ) Tj ET Q q 0 0 0 rg BT 517.95 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 527.52 438.60 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 426.60 Td (current ) Tj ET Q q 0 0 0 rg BT 96.15 426.60 Td (production ) Tj ET Q q 0 0 0 rg BT 141.97 426.60 Td (levels.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 102.55 402.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 147.82 402.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 189.74 402.60 Td (may ) Tj ET Q q 0 0 0 rg BT 210.57 402.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 241.40 402.60 Td (us ) Tj ET Q q 0 0 0 rg BT 253.36 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.19 402.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 304.47 402.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.19 402.60 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 378.60 Td (o ) Tj ET Q q 0 0 0 rg BT 80.72 378.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 110.17 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.31 378.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 165.21 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.80 378.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 225.81 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.40 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.42 378.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 278.11 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.24 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 302.61 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.85 378.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 350.42 378.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 369.06 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 383.53 378.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 406.32 378.60 Td (into ) Tj ET Q q 0 0 0 rg BT 424.68 378.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 473.04 378.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 515.83 378.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 554.73 378.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (order ) Tj ET Q q 0 0 0 rg BT 73.72 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.61 366.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 141.59 366.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 168.59 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.14 366.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 208.15 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.59 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 236.04 366.60 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 280.24 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 293.91 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 311.47 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 342.35 366.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 358.80 366.60 Td (production.��) Tj ET Q q 0 0 0 rg BT 409.07 366.60 Td (As ) Tj ET Q q 0 0 0 rg BT 423.30 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.75 366.60 Td (February ) Tj ET Q q 0 0 0 rg BT 473.96 366.60 Td (24, ) Tj ET Q q 0 0 0 rg BT 489.58 366.60 Td (2020, ) Tj ET Q q 0 0 0 rg BT 515.20 366.60 Td (we ) Tj ET Q q 0 0 0 rg BT 529.97 366.60 Td (have ) Tj ET Q q 0 0 0 rg BT 551.97 366.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 91.63 354.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 129.88 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 139.81 354.60 Td (place ) Tj ET Q q 0 0 0 rg BT 163.06 354.60 Td (covering ) Tj ET Q q 0 0 0 rg BT 200.20 354.60 Td (39,500 ) Tj ET Q q 0 0 0 rg BT 229.85 354.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 258.12 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 271.94 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.31 354.60 Td (first ) Tj ET Q q 0 0 0 rg BT 304.57 354.60 Td (half ) Tj ET Q q 0 0 0 rg BT 322.27 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 332.75 354.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 354.91 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.50 354.60 Td (35,500 ) Tj ET Q q 0 0 0 rg BT 401.15 354.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 429.42 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 443.24 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.61 354.60 Td (second ) Tj ET Q q 0 0 0 rg BT 487.53 354.60 Td (half ) Tj ET Q q 0 0 0 rg BT 505.23 354.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.71 354.60 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.71 354.60 Td (. ) Tj ET Q q 0 0 0 rg BT 540.36 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 542.52 354.60 Td (Such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 92.29 342.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.20 342.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 161.78 342.60 Td (us ) Tj ET Q q 0 0 0 rg BT 173.48 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 184.07 342.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 201.88 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.02 342.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 250.82 342.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 269.19 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 279.78 342.60 Td (some ) Tj ET Q q 0 0 0 rg BT 303.70 342.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 365.65 342.60 Td (including ) Tj ET Q q 0 0 0 rg BT 406.24 342.60 Td (when ) Tj ET Q q 0 0 0 rg BT 430.71 342.60 Td (there ) Tj ET Q q 0 0 0 rg BT 453.50 342.60 Td (is ) Tj ET Q q 0 0 0 rg BT 462.99 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 470.24 342.60 Td (change ) Tj ET Q q 0 0 0 rg BT 501.36 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 511.95 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.98 342.60 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 330.60 Td (ferential ) Tj ET Q q 0 0 0 rg BT 96.01 330.60 Td (between ) Tj ET Q q 0 0 0 rg BT 131.60 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.09 330.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 191.69 330.60 Td (price ) Tj ET Q q 0 0 0 rg BT 213.95 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 224.00 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.49 330.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 272.98 330.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 316.89 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.60 330.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 359.75 330.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 385.90 330.60 Td (received, ) Tj ET Q q 0 0 0 rg BT 424.53 330.60 Td (when ) Tj ET Q q 0 0 0 rg BT 448.46 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.95 330.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 483.00 330.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 513.03 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 534.74 330.60 Td (hedges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (including ) Tj ET Q q 0 0 0 rg BT 89.17 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 95.50 318.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 114.06 318.60 Td (put ) Tj ET Q q 0 0 0 rg BT 128.73 318.60 Td (is ) Tj ET Q q 0 0 0 rg BT 137.29 318.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 167.51 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.18 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.29 318.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 217.62 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.07 318.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 255.84 318.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 271.05 318.60 Td (below ) Tj ET Q q 0 0 0 rg BT 297.38 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.49 318.60 Td (price ) Tj ET Q q 0 0 0 rg BT 333.37 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.59 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 358.81 318.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 377.38 318.60 Td (puts, ) Tj ET Q q 0 0 0 rg BT 398.44 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 408.66 318.60 Td (when ) Tj ET Q q 0 0 0 rg BT 432.21 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 446.32 318.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 498.75 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 508.42 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 522.52 318.60 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 83.92 306.60 Td (is ) Tj ET Q q 0 0 0 rg BT 92.80 306.60 Td (financially ) Tj ET Q q 0 0 0 rg BT 137.77 306.60 Td (constrained ) Tj ET Q q 0 0 0 rg BT 186.08 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.73 306.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 236.60 306.60 Td (on ) Tj ET Q q 0 0 0 rg BT 248.81 306.60 Td (its ) Tj ET Q q 0 0 0 rg BT 260.47 306.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 307.11 306.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 356.26 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 358.48 306.60 Td (In ) Tj ET Q q 0 0 0 rg BT 369.02 306.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 406.51 306.60 Td (these ) Tj ET Q q 0 0 0 rg BT 429.27 306.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 471.46 306.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 509.77 306.60 Td (may ) Tj ET Q q 0 0 0 rg BT 529.20 306.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 550.30 306.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 79.76 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 93.92 294.60 Td (would ) Tj ET Q q 0 0 0 rg BT 121.42 294.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 162.80 294.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 194.16 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 216.10 294.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 255.25 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.53 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.24 294.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 306.62 294.60 Td (for ) Tj ET Q q 0 0 0 rg BT 320.78 294.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 333.84 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.77 294.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.04 294.60 Td (gas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (Shortages ) Tj ET Q q 0 0 0 rg BT 93.74 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.08 270.60 Td (or) Tj ET Q q 0 0 0 rg BT 113.34 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.35 270.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 144.04 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 154.39 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.73 270.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 219.53 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.88 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 242.45 270.60 Td (field ) Tj ET Q q 0 0 0 rg BT 263.35 270.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 313.42 270.60 Td (services ) Tj ET Q q 0 0 0 rg BT 348.75 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.89 270.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 406.69 270.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 450.38 270.60 Td (could ) Tj ET Q q 0 0 0 rg BT 475.73 270.60 Td (r) Tj ET Q q 0 0 0 rg BT 479.99 270.60 Td (educe ) Tj ET Q q 0 0 0 rg BT 506.44 270.60 Td (our) Tj ET Q q 0 0 0 rg BT 521.26 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.27 270.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.18 270.60 Td (flow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 68.12 258.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 111.17 258.60 Td (affect ) Tj ET Q q 0 0 0 rg BT 137.54 258.60 Td (r) Tj ET Q q 0 0 0 rg BT 141.79 258.60 Td (esults ) Tj ET Q q 0 0 0 rg BT 168.19 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.02 258.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.22 234.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 119.06 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 132.89 234.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 170.61 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.23 234.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 237.70 234.60 Td (field ) Tj ET Q q 0 0 0 rg BT 258.21 234.60 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 301.76 234.60 Td (geologists, ) Tj ET Q q 0 0 0 rg BT 346.99 234.60 Td (geophysicists, ) Tj ET Q q 0 0 0 rg BT 405.56 234.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 446.05 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.66 234.60 Td (other ) Tj ET Q q 0 0 0 rg BT 485.39 234.60 Td (professionals ) Tj ET Q q 0 0 0 rg BT 540.33 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 234.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.44 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 79.27 222.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 109.42 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 125.14 222.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 160.31 222.60 Td (can ) Tj ET Q q 0 0 0 rg BT 176.57 222.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 213.94 222.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 263.28 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 268.17 222.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 301.10 222.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 336.25 222.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 376.41 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 386.58 222.60 Td (such ) Tj ET Q q 0 0 0 rg BT 407.29 222.60 Td (personnel.��In ) Tj ET Q q 0 0 0 rg BT 464.39 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.99 222.60 Td (past, ) Tj ET Q q 0 0 0 rg BT 499.99 222.60 Td (there ) Tj ET Q q 0 0 0 rg BT 522.36 222.60 Td (have ) Tj ET Q q 0 0 0 rg BT 543.63 222.60 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 90.71 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.47 210.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.46 210.60 Td (field ) Tj ET Q q 0 0 0 rg BT 138.23 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 156.10 210.60 Td (other ) Tj ET Q q 0 0 0 rg BT 180.08 210.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 222.39 210.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 270.54 210.60 Td (including ) Tj ET Q q 0 0 0 rg BT 311.75 210.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 344.63 210.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 365.56 210.60 Td (along ) Tj ET Q q 0 0 0 rg BT 391.22 210.60 Td (with ) Tj ET Q q 0 0 0 rg BT 412.43 210.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 453.62 210.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 480.94 210.60 Td (for ) Tj ET Q q 0 0 0 rg BT 496.03 210.60 Td (such ) Tj ET Q q 0 0 0 rg BT 517.80 210.60 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (services ) Tj ET Q q 0 0 0 rg BT 83.73 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 100.20 198.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 143.32 198.60 Td (personnel.��) Tj ET Q q 0 0 0 rg BT 189.52 198.60 Td (These ) Tj ET Q q 0 0 0 rg BT 215.42 198.60 Td (types ) Tj ET Q q 0 0 0 rg BT 238.56 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.92 198.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 288.71 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 299.07 198.60 Td (price ) Tj ET Q q 0 0 0 rg BT 321.09 198.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 359.76 198.60 Td (could ) Tj ET Q q 0 0 0 rg BT 384.00 198.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 436.02 198.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 472.46 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 487.82 198.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 512.07 198.60 Td (mar) Tj ET Q q 0 0 0 rg BT 527.43 198.60 Td (gin, ) Tj ET Q q 0 0 0 rg BT 544.74 198.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 70.03 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 86.67 186.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 126.63 186.60 Td (results ) Tj ET Q q 0 0 0 rg BT 154.94 186.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 182.68 186.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 212.64 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 223.17 186.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 247.03 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 262.56 186.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 290.31 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.28 186.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 319.15 186.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 342.45 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.09 186.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 392.94 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 408.47 186.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 454.83 186.60 Td (possibly ) Tj ET Q q 0 0 0 rg BT 490.37 186.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 523.11 186.60 Td (us ) Tj ET Q q 0 0 0 rg BT 534.20 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 544.18 186.60 Td (miss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 174.60 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 103.37 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.31 174.60 Td (projections.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 150.60 Td (marketability ) Tj ET Q q 0 0 0 rg BT 128.56 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.92 150.60 Td (our) Tj ET Q q 0 0 0 rg BT 153.74 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 155.78 150.60 Td (pr) Tj ET Q q 0 0 0 rg BT 165.59 150.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 204.86 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 213.56 150.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 260.05 150.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 283.76 150.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 348.02 150.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 369.50 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.66 150.60 Td (other) Tj ET Q q 0 0 0 rg BT 410.24 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 412.28 150.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 452.35 150.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 484.37 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.73 150.60 Td (which ) Tj ET Q q 0 0 0 rg BT 522.33 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 536.02 150.60 Td (do ) Tj ET Q q 0 0 0 rg BT 548.61 150.60 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (contr) Tj ET Q q 0 0 0 rg BT 72.09 138.60 Td (ol. ) Tj ET Q q 0 0 0 rg BT 84.87 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 87.19 138.60 Td (When ) Tj ET Q q 0 0 0 rg BT 115.25 138.60 Td (these ) Tj ET Q q 0 0 0 rg BT 139.41 138.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 177.45 138.60 Td (ar) Tj ET Q q 0 0 0 rg BT 186.71 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 193.65 138.60 Td (unavailable, ) Tj ET Q q 0 0 0 rg BT 248.10 138.60 Td (our) Tj ET Q q 0 0 0 rg BT 262.92 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 265.42 138.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 312.92 138.60 Td (can ) Tj ET Q q 0 0 0 rg BT 330.42 138.60 Td (be ) Tj ET Q q 0 0 0 rg BT 342.92 138.60 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 394.86 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.48 138.60 Td (our) Tj ET Q q 0 0 0 rg BT 428.30 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.80 138.60 Td (r) Tj ET Q q 0 0 0 rg BT 435.06 138.60 Td (evenues ) Tj ET Q q 0 0 0 rg BT 470.89 138.60 Td (r) Tj ET Q q 0 0 0 rg BT 475.15 138.60 Td (educed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 114.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.35 114.60 Td (marketability ) Tj ET Q q 0 0 0 rg BT 142.96 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.59 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.22 114.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 185.08 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.82 114.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.88 114.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 250.51 114.60 Td (production ) Tj ET Q q 0 0 0 rg BT 297.13 114.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 335.70 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 346.78 114.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 368.13 114.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 391.43 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.94 114.60 Td (availability) Tj ET Q q 0 0 0 rg BT 451.28 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 457.08 114.60 Td (proximity ) Tj ET Q q 0 0 0 rg BT 499.82 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 517.56 114.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 554.17 114.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 107.88 102.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 129.61 102.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 159.10 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 171.94 102.60 Td (third ) Tj ET Q q 0 0 0 rg BT 193.67 102.60 Td (parties. ) Tj ET Q q 0 0 0 rg BT 225.66 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.50 102.60 Td (In ) Tj ET Q q 0 0 0 rg BT 239.67 102.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 274.43 102.60 Td (we ) Tj ET Q q 0 0 0 rg BT 288.93 102.60 Td (do ) Tj ET Q q 0 0 0 rg BT 301.77 102.60 Td (not ) Tj ET Q q 0 0 0 rg BT 317.38 102.60 Td (control ) Tj ET Q q 0 0 0 rg BT 348.55 102.60 Td (these ) Tj ET Q q 0 0 0 rg BT 371.93 102.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 430.31 102.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 470.08 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.36 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 503.53 102.60 Td (access ) Tj ET Q q 0 0 0 rg BT 531.90 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 542.52 102.60 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (may ) Tj ET Q q 0 0 0 rg BT 68.54 90.60 Td (be ) Tj ET Q q 0 0 0 rg BT 79.80 90.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 109.95 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 120.10 90.60 Td (denied. ) Tj ET Q q 0 0 0 rg BT 151.08 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.50 90.60 Td (A) Tj ET Q q 0 0 0 rg BT 159.17 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.99 90.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 205.02 90.60 Td (disruption ) Tj ET Q q 0 0 0 rg BT 247.40 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.00 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 90.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 317.84 90.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 330.49 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.75 90.60 Td (access ) Tj ET Q q 0 0 0 rg BT 374.11 90.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 386.21 90.60 Td (these ) Tj ET Q q 0 0 0 rg BT 408.58 90.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 465.94 90.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 486.65 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 496.80 90.60 Td (other ) Tj ET Q q 0 0 0 rg BT 519.17 90.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.34 78.60 Td (could ) Tj ET Q q 0 0 0 rg BT 110.96 78.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 151.69 78.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 181.31 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.05 78.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 225.01 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.19 78.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 265.37 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.55 78.60 Td (market ) Tj ET Q q 0 0 0 rg BT 305.73 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 316.46 78.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 351.08 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 366.82 78.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 379.78 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.63 78.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 429.03 78.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 453.64 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 460.49 78.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 505.11 78.60 Td (interruption ) Tj ET Q q 0 0 0 rg BT 554.73 78.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 66.60 Td (operations.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 714.60 Td (pr) Tj ET Q q 0 0 0 rg BT 79.42 714.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 119.15 714.60 Td (will ) Tj ET Q q 0 0 0 rg BT 137.21 714.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 169.70 714.60 Td (if ) Tj ET Q q 0 0 0 rg BT 178.31 714.60 Td (our) Tj ET Q q 0 0 0 rg BT 193.13 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 195.63 714.60 Td (access ) Tj ET Q q 0 0 0 rg BT 224.23 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.06 714.60 Td (sufficient ) Tj ET Q q 0 0 0 rg BT 277.00 714.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 316.17 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.00 714.60 Td (carbon ) Tj ET Q q 0 0 0 rg BT 359.50 714.60 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 393.12 714.60 Td (is ) Tj ET Q q 0 0 0 rg BT 402.29 714.60 Td (limited.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.72 690.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 125.83 690.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 159.15 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 167.50 690.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.38 690.60 Td (focused ) Tj ET Q q 0 0 0 rg BT 239.15 690.60 Td (on ) Tj ET Q q 0 0 0 rg BT 250.82 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 265.82 690.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 279.71 689.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.96 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.63 690.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 315.18 690.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 351.83 690.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 397.65 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 399.20 690.60 Td (The ) Tj ET Q q 0 0 0 rg BT 416.42 690.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 440.30 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 452.53 690.60 Td (production ) Tj ET Q q 0 0 0 rg BT 497.52 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 518.63 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 533.63 690.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.89 678.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 122.96 678.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 161.65 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.84 678.60 Td (lar) Tj ET Q q 0 0 0 rg BT 183.21 678.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 196.06 678.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 217.52 678.60 Td (on ) Tj ET Q q 0 0 0 rg BT 230.94 678.60 Td (having ) Tj ET Q q 0 0 0 rg BT 261.57 678.60 Td (access ) Tj ET Q q 0 0 0 rg BT 290.52 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.72 678.60 Td (suf) Tj ET Q q 0 0 0 rg BT 313.76 678.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 342.72 678.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 380.02 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 391.76 678.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 430.72 678.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 472.45 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.31 678.60 Td (industrial-sourced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 666.60 Td (.��Our ) Tj ET Q q 0 0 0 rg BT 91.55 666.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 118.95 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.58 666.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 162.64 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 175.05 666.60 Td (from ) Tj ET Q q 0 0 0 rg BT 196.34 666.60 Td (these ) Tj ET Q q 0 0 0 rg BT 218.74 666.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 252.25 666.60 Td (would ) Tj ET Q q 0 0 0 rg BT 279.10 666.60 Td (be ) Tj ET Q q 0 0 0 rg BT 290.40 666.60 Td (hindered ) Tj ET Q q 0 0 0 rg BT 327.23 666.60 Td (if ) Tj ET Q q 0 0 0 rg BT 335.20 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 350.38 666.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 378.90 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.08 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 402.98 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.23 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 408.08 666.60 Td (was ) Tj ET Q q 0 0 0 rg BT 425.48 666.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 455.67 666.60 Td (due ) Tj ET Q q 0 0 0 rg BT 471.96 666.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 484.09 666.60 Td (among ) Tj ET Q q 0 0 0 rg BT 513.16 666.60 Td (other ) Tj ET Q q 0 0 0 rg BT 535.56 666.60 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (problems ) Tj ET Q q 0 0 0 rg BT 89.26 654.60 Td (with ) Tj ET Q q 0 0 0 rg BT 109.59 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 125.47 654.60 Td (current ) Tj ET Q q 0 0 0 rg BT 156.33 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.22 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.47 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 176.02 654.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 219.12 654.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 242.77 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.76 654.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 299.23 654.60 Td (including ) Tj ET Q q 0 0 0 rg BT 339.56 654.60 Td (compression ) Tj ET Q q 0 0 0 rg BT 392.65 654.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 439.91 654.60 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 490.77 654.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 525.53 654.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 554.17 654.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 66.23 642.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 95.18 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 106.36 642.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 163.63 642.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 202.56 642.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 216.46 641.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.71 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.10 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 245.94 642.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 287.12 642.60 Td (sources.��) Tj ET Q q 0 0 0 rg BT 324.43 642.60 Td (This ) Tj ET Q q 0 0 0 rg BT 345.60 642.60 Td (could ) Tj ET Q q 0 0 0 rg BT 371.22 642.60 Td (have ) Tj ET Q q 0 0 0 rg BT 393.50 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 401.34 642.60 Td (material ) Tj ET Q q 0 0 0 rg BT 437.50 642.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 471.43 642.60 Td (ef) Tj ET Q q 0 0 0 rg BT 479.02 642.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 497.41 642.60 Td (on ) Tj ET Q q 0 0 0 rg BT 510.81 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 527.54 642.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 91.17 630.60 Td (results ) Tj ET Q q 0 0 0 rg BT 118.67 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 128.39 630.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.44 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.28 630.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.44 630.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 232.55 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.95 630.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 250.89 630.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 296.16 630.60 Td (future ) Tj ET Q q 0 0 0 rg BT 321.43 630.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 345.03 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.98 630.60 Td (production ) Tj ET Q q 0 0 0 rg BT 401.70 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 422.53 630.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 452.80 630.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 495.85 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 503.91 630.60 Td (also ) Tj ET Q q 0 0 0 rg BT 521.41 630.60 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.25 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 618.60 Td (timing, ) Tj ET Q q 0 0 0 rg BT 108.58 618.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 145.22 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.41 618.60 Td (location ) Tj ET Q q 0 0 0 rg BT 197.37 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.45 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 222.34 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.59 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.34 618.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 269.97 618.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 289.66 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 300.19 618.60 Td (particular) Tj ET Q q 0 0 0 rg BT 338.10 618.60 Td (, ) Tj ET Q q 0 0 0 rg BT 343.35 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 356.10 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.18 618.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 400.49 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 411.02 618.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 446.52 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 462.60 618.60 Td (combined ) Tj ET Q q 0 0 0 rg BT 504.78 618.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 548.07 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 89.35 606.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 125.88 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.86 606.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.75 605.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 156.65 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.73 606.60 Td (inject ) Tj ET Q q 0 0 0 rg BT 198.59 606.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 236.77 606.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 273.30 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 284.27 606.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 298.17 605.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.42 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.06 606.60 Td (into ) Tj ET Q q 0 0 0 rg BT 322.26 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.13 606.60 Td (proper ) Tj ET Q q 0 0 0 rg BT 365.87 606.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 407.95 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.03 606.60 Td (area ) Tj ET Q q 0 0 0 rg BT 444.32 606.60 Td (within ) Tj ET Q q 0 0 0 rg BT 472.53 606.60 Td (each ) Tj ET Q q 0 0 0 rg BT 493.49 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.46 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 520.44 606.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.96 606.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (The ) Tj ET Q q 0 0 0 rg BT 84.96 570.60 Td (development ) Tj ET Q q 0 0 0 rg BT 138.53 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.78 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 164.03 570.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 201.49 570.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 241.72 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 255.61 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.86 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 260.78 570.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 292.69 570.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 328.49 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.63 570.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 373.99 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.24 570.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 407.27 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.96 570.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 451.63 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 467.99 570.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 496.56 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.70 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 524.59 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.84 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 529.76 570.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (available ) Tj ET Q q 0 0 0 rg BT 88.48 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 103.04 558.60 Td (use ) Tj ET Q q 0 0 0 rg BT 119.26 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.93 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 146.15 558.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 177.92 558.60 Td (fields. ) Tj ET Q q 0 0 0 rg BT 205.53 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.21 558.60 Td (These ) Tj ET Q q 0 0 0 rg BT 234.98 558.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 267.32 558.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 306.31 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.41 558.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 352.63 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.30 558.60 Td (many ) Tj ET Q q 0 0 0 rg BT 388.41 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.63 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.74 558.60 Td (same ) Tj ET Q q 0 0 0 rg BT 438.18 558.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 470.52 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.85 558.60 Td (geological ) Tj ET Q q 0 0 0 rg BT 532.39 558.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 554.18 558.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 82.00 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.50 546.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 143.11 546.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 156.73 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.23 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.62 546.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 214.79 546.60 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 233.95 546.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 249.79 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.85 546.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 300.36 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 317.32 546.60 Td (development ) Tj ET Q q 0 0 0 rg BT 370.91 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.97 546.60 Td (pr) Tj ET Q q 0 0 0 rg BT 397.49 546.60 Td (oducing ) Tj ET Q q 0 0 0 rg BT 432.77 546.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.61 546.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 510.54 546.60 Td (various ) Tj ET Q q 0 0 0 rg BT 543.61 546.60 Td (risks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 546.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (above\). ) Tj ET Q q 0 0 0 rg BT 80.80 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 82.40 534.60 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 136.48 534.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 162.50 534.60 Td (market ) Tj ET Q q 0 0 0 rg BT 191.86 534.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 235.13 534.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.94 534.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 277.74 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.56 534.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 314.81 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 324.73 534.60 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 374.64 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.56 534.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 435.59 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 445.52 534.60 Td (plants ) Tj ET Q q 0 0 0 rg BT 471.00 534.60 Td (that ) Tj ET Q q 0 0 0 rg BT 487.60 534.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 521.40 534.60 Td (industrial-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (source ) Tj ET Q q 0 0 0 rg BT 78.42 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 92.31 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.56 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.37 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 109.52 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.77 522.60 Td (byproduct ) Tj ET Q q 0 0 0 rg BT 160.14 522.60 Td (that ) Tj ET Q q 0 0 0 rg BT 177.95 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 192.43 522.60 Td (can ) Tj ET Q q 0 0 0 rg BT 209.12 522.60 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 249.97 522.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 269.46 522.60 Td (limiting ) Tj ET Q q 0 0 0 rg BT 303.94 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.98 522.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 351.79 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.94 522.60 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 432.95 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 446.85 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 452.91 522.60 Td (available ) Tj ET Q q 0 0 0 rg BT 491.82 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 506.29 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 522.44 522.60 Td (use ) Tj ET Q q 0 0 0 rg BT 538.59 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 522.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 80.87 510.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 58.17 486.60 Td (cyber) Tj ET Q q 0 0 0 rg BT 81.87 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 83.87 486.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 120.32 486.60 Td (could ) Tj ET Q q 0 0 0 rg BT 145.66 486.60 Td (occur) Tj ET Q q 0 0 0 rg BT 169.36 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.36 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.49 486.60 Td (r) Tj ET Q q 0 0 0 rg BT 193.74 486.60 Td (esult ) Tj ET Q q 0 0 0 rg BT 215.75 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 226.09 486.60 Td (information ) Tj ET Q q 0 0 0 rg BT 279.20 486.60 Td (theft, ) Tj ET Q q 0 0 0 rg BT 303.69 486.60 Td (data ) Tj ET Q q 0 0 0 rg BT 324.58 486.60 Td (corruption, ) Tj ET Q q 0 0 0 rg BT 375.19 486.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 426.08 486.60 Td (disruption, ) Tj ET Q q 0 0 0 rg BT 475.05 486.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 503.21 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 505.21 486.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 544.44 486.60 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.42 462.60 Td (business ) Tj ET Q q 0 0 0 rg BT 121.69 462.60 Td (has ) Tj ET Q q 0 0 0 rg BT 137.39 462.60 Td (become ) Tj ET Q q 0 0 0 rg BT 170.86 462.60 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 222.10 462.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 265.57 462.60 Td (on ) Tj ET Q q 0 0 0 rg BT 277.94 462.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 305.86 462.60 Td (technologies ) Tj ET Q q 0 0 0 rg BT 358.78 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.93 462.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 402.95 462.60 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 448.64 462.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 495.17 462.60 Td (including ) Tj ET Q q 0 0 0 rg BT 535.31 462.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.32 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.13 450.60 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 126.66 450.60 Td (development ) Tj ET Q q 0 0 0 rg BT 180.80 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 197.73 450.60 Td (production ) Tj ET Q q 0 0 0 rg BT 243.54 450.60 Td (activities. ) Tj ET Q q 0 0 0 rg BT 284.62 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 286.93 450.60 Td (W) Tj ET Q q 0 0 0 rg BT 295.57 450.60 Td (e ) Tj ET Q q 0 0 0 rg BT 302.49 450.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 333.86 450.60 Td (on ) Tj ET Q q 0 0 0 rg BT 346.34 450.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 374.38 450.60 Td (technology) Tj ET Q q 0 0 0 rg BT 418.17 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 423.15 450.60 Td (among ) Tj ET Q q 0 0 0 rg BT 452.86 450.60 Td (other ) Tj ET Q q 0 0 0 rg BT 475.89 450.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 505.32 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 515.59 450.60 Td (process ) Tj ET Q q 0 0 0 rg BT 548.07 450.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (record ) Tj ET Q q 0 0 0 rg BT 77.56 438.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.07 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 132.03 438.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.32 438.60 Td (data; ) Tj ET Q q 0 0 0 rg BT 194.28 438.60 Td (analyze ) Tj ET Q q 0 0 0 rg BT 227.33 438.60 Td (seismic ) Tj ET Q q 0 0 0 rg BT 259.85 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.81 438.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 308.78 438.60 Td (information; ) Tj ET Q q 0 0 0 rg BT 361.30 438.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 395.49 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.45 438.60 Td (control ) Tj ET Q q 0 0 0 rg BT 443.30 438.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 478.04 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.00 438.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 517.52 438.60 Td (equipment; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.07 426.60 Td (process ) Tj ET Q q 0 0 0 rg BT 98.20 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.77 426.60 Td (store ) Tj ET Q q 0 0 0 rg BT 136.35 426.60 Td (personally ) Tj ET Q q 0 0 0 rg BT 180.14 426.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 227.81 426.60 Td (information ) Tj ET Q q 0 0 0 rg BT 277.16 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.62 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.09 426.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 347.99 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 364.56 426.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 395.02 426.60 Td (owners. ) Tj ET Q q 0 0 0 rg BT 428.54 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.67 426.60 Td (Cyber ) Tj ET Q q 0 0 0 rg BT 457.25 426.60 Td (attacks ) Tj ET Q q 0 0 0 rg BT 487.15 426.60 Td (on ) Tj ET Q q 0 0 0 rg BT 499.28 426.60 Td (businesses ) Tj ET Q q 0 0 0 rg BT 543.64 426.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (escalated ) Tj ET Q q 0 0 0 rg BT 88.28 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 98.19 414.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 124.75 414.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 150.49 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.62 414.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 170.31 414.60 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 225.49 414.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 259.29 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.87 414.60 Td (networks ) Tj ET Q q 0 0 0 rg BT 314.67 414.60 Td (may ) Tj ET Q q 0 0 0 rg BT 334.02 414.60 Td (become ) Tj ET Q q 0 0 0 rg BT 367.25 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.60 414.60 Td (tar) Tj ET Q q 0 0 0 rg BT 391.97 414.60 Td (get ) Tj ET Q q 0 0 0 rg BT 406.32 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 416.79 414.60 Td (cyber ) Tj ET Q q 0 0 0 rg BT 441.13 414.60 Td (attacks ) Tj ET Q q 0 0 0 rg BT 471.03 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 481.50 414.60 Td (information ) Tj ET Q q 0 0 0 rg BT 530.85 414.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (breaches ) Tj ET Q q 0 0 0 rg BT 86.77 402.60 Td (that ) Tj ET Q q 0 0 0 rg BT 104.07 402.60 Td (could ) Tj ET Q q 0 0 0 rg BT 128.58 402.60 Td (compromise ) Tj ET Q q 0 0 0 rg BT 180.31 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.94 402.60 Td (process ) Tj ET Q q 0 0 0 rg BT 228.23 402.60 Td (control ) Tj ET Q q 0 0 0 rg BT 258.85 402.60 Td (networks ) Tj ET Q q 0 0 0 rg BT 297.81 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 308.43 402.60 Td (other ) Tj ET Q q 0 0 0 rg BT 331.28 402.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 361.33 402.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 395.30 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.04 402.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 470.70 402.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 507.99 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.06 402.60 Td (disruptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.49 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 75.03 390.60 Td (business ) Tj ET Q q 0 0 0 rg BT 111.13 390.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 157.50 390.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 180.26 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 190.25 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.67 390.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 257.43 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 267.97 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 283.51 390.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 311.55 390.60 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 358.21 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.20 390.60 Td (access ) Tj ET Q q 0 0 0 rg BT 395.95 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.94 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 421.48 390.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 458.67 390.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 497.53 390.60 Td (systems, ) Tj ET Q q 0 0 0 rg BT 533.92 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 544.46 390.60 Td (loss, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (misuse ) Tj ET Q q 0 0 0 rg BT 79.06 378.60 Td (or ) Tj ET Q q 0 0 0 rg BT 89.17 378.60 Td (corruption ) Tj ET Q q 0 0 0 rg BT 132.60 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.71 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 157.82 378.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 187.36 378.60 Td (data ) Tj ET Q q 0 0 0 rg BT 205.80 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.01 378.60 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 268.22 378.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 319.71 378.60 Td (including ) Tj ET Q q 0 0 0 rg BT 359.26 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 374.37 378.60 Td (business ) Tj ET Q q 0 0 0 rg BT 410.04 378.60 Td (information ) Tj ET Q q 0 0 0 rg BT 459.04 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.25 378.60 Td (that ) Tj ET Q q 0 0 0 rg BT 492.03 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 502.14 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 517.25 378.60 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (partners ) Tj ET Q q 0 0 0 rg BT 84.18 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 101.09 366.60 Td (other ) Tj ET Q q 0 0 0 rg BT 124.11 366.60 Td (third ) Tj ET Q q 0 0 0 rg BT 145.47 366.60 Td (parties. ) Tj ET Q q 0 0 0 rg BT 177.10 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.02 366.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 198.72 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.52 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.21 366.60 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 265.56 366.60 Td (may ) Tj ET Q q 0 0 0 rg BT 285.24 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 297.16 366.60 Td (exacerbated ) Tj ET Q q 0 0 0 rg BT 347.37 366.60 Td (by ) Tj ET Q q 0 0 0 rg BT 359.84 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 366.75 366.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 390.88 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 401.68 366.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 430.25 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 440.50 366.60 Td (detect ) Tj ET Q q 0 0 0 rg BT 466.84 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 473.75 366.60 Td (cyber ) Tj ET Q q 0 0 0 rg BT 498.43 366.60 Td (incident. ) Tj ET Q q 0 0 0 rg BT 535.61 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 538.09 366.60 Td (Cyber ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (attacks ) Tj ET Q q 0 0 0 rg BT 79.98 354.60 Td (could ) Tj ET Q q 0 0 0 rg BT 104.92 354.60 Td (result ) Tj ET Q q 0 0 0 rg BT 129.85 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.34 354.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 185.27 354.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 222.97 354.60 Td (losses, ) Tj ET Q q 0 0 0 rg BT 252.08 354.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 274.23 354.60 Td (or ) Tj ET Q q 0 0 0 rg BT 285.28 354.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 329.09 354.60 Td (violations, ) Tj ET Q q 0 0 0 rg BT 373.75 354.60 Td (reputational ) Tj ET Q q 0 0 0 rg BT 424.23 354.60 Td (harm, ) Tj ET Q q 0 0 0 rg BT 449.99 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 467.15 354.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 489.30 354.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 523.12 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.28 354.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 92.55 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 113.92 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 120.86 342.60 Td (material ) Tj ET Q q 0 0 0 rg BT 156.12 342.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 189.16 342.60 Td (ef) Tj ET Q q 0 0 0 rg BT 196.75 342.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 214.23 342.60 Td (on ) Tj ET Q q 0 0 0 rg BT 226.73 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.56 342.60 Td (business ) Tj ET Q q 0 0 0 rg BT 278.95 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.89 342.60 Td (results ) Tj ET Q q 0 0 0 rg BT 324.50 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.33 342.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 318.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 107.45 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 121.27 318.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 148.43 318.60 Td (various ) Tj ET Q q 0 0 0 rg BT 180.04 318.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 226.07 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 242.68 318.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 277.07 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 287.01 318.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 320.84 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.45 318.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 367.38 318.60 Td (against ) Tj ET Q q 0 0 0 rg BT 397.88 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 420.59 318.60 Td (threats ) Tj ET Q q 0 0 0 rg BT 449.41 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 466.02 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.97 318.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 510.90 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.40 318.60 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.71 306.60 Td (such ) Tj ET Q q 0 0 0 rg BT 80.47 306.60 Td (threats, ) Tj ET Q q 0 0 0 rg BT 112.06 306.60 Td (there ) Tj ET Q q 0 0 0 rg BT 134.48 306.60 Td (can ) Tj ET Q q 0 0 0 rg BT 150.78 306.60 Td (be ) Tj ET Q q 0 0 0 rg BT 162.65 306.60 Td (no ) Tj ET Q q 0 0 0 rg BT 175.09 306.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 216.38 306.60 Td (that ) Tj ET Q q 0 0 0 rg BT 233.81 306.60 Td (these ) Tj ET Q q 0 0 0 rg BT 256.79 306.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 303.09 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.96 306.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 354.61 306.60 Td (will ) Tj ET Q q 0 0 0 rg BT 372.60 306.60 Td (be ) Tj ET Q q 0 0 0 rg BT 384.47 306.60 Td (suf) Tj ET Q q 0 0 0 rg BT 396.51 306.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 424.48 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 434.69 306.60 Td (preventing ) Tj ET Q q 0 0 0 rg BT 479.89 306.60 Td (security ) Tj ET Q q 0 0 0 rg BT 513.97 306.60 Td (threats ) Tj ET Q q 0 0 0 rg BT 543.06 306.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (materializing ) Tj ET Q q 0 0 0 rg BT 103.89 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.97 294.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 152.15 294.60 Td (us ) Tj ET Q q 0 0 0 rg BT 162.68 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.10 294.60 Td (suf) Tj ET Q q 0 0 0 rg BT 184.14 294.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 196.87 294.60 Td (such ) Tj ET Q q 0 0 0 rg BT 216.84 294.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 242.37 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 251.78 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 265.64 294.60 Td (future.��) Tj ET Q q 0 0 0 rg BT 296.46 294.60 Td (As ) Tj ET Q q 0 0 0 rg BT 309.21 294.60 Td (cyber ) Tj ET Q q 0 0 0 rg BT 333.06 294.60 Td (threats ) Tj ET Q q 0 0 0 rg BT 361.35 294.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 397.42 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 406.84 294.60 Td (evolve ) Tj ET Q q 0 0 0 rg BT 435.13 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.54 294.60 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 488.39 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.47 294.60 Td (sophistication, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.40 282.60 Td (may ) Tj ET Q q 0 0 0 rg BT 82.86 282.60 Td (be ) Tj ET Q q 0 0 0 rg BT 94.54 282.60 Td (required ) Tj ET Q q 0 0 0 rg BT 130.10 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.12 282.60 Td (expend ) Tj ET Q q 0 0 0 rg BT 171.24 282.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 215.70 282.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 257.93 282.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 297.93 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.95 282.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 344.63 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 354.65 282.60 Td (modify ) Tj ET Q q 0 0 0 rg BT 385.78 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 396.35 282.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 431.35 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 446.92 282.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 493.03 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 509.71 282.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 544.17 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 554.74 282.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (investigate ) Tj ET Q q 0 0 0 rg BT 98.15 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 117.92 270.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 162.66 270.60 Td (any ) Tj ET Q q 0 0 0 rg BT 182.43 270.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 213.31 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.08 270.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 283.39 270.60 Td (systems, ) Tj ET Q q 0 0 0 rg BT 322.89 270.60 Td (related ) Tj ET Q q 0 0 0 rg BT 355.42 270.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 417.11 270.60 Td (technologies ) Tj ET Q q 0 0 0 rg BT 472.98 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.75 270.60 Td (network ) Tj ET Q q 0 0 0 rg BT 530.84 270.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (vulnerabilities, ) Tj ET Q q 0 0 0 rg BT 111.71 258.60 Td (which ) Tj ET Q q 0 0 0 rg BT 138.65 258.60 Td (could ) Tj ET Q q 0 0 0 rg BT 163.36 258.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 198.62 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 214.45 258.60 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.95 234.60 Td (e ) Tj ET Q q 0 0 0 rg BT 66.70 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 88.34 234.60 Td (lose ) Tj ET Q q 0 0 0 rg BT 107.76 234.60 Td (key ) Tj ET Q q 0 0 0 rg BT 126.08 234.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 168.81 234.60 Td (officers ) Tj ET Q q 0 0 0 rg BT 203.77 234.60 Td (or) Tj ET Q q 0 0 0 rg BT 213.03 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.34 234.60 Td (specialized ) Tj ET Q q 0 0 0 rg BT 265.76 234.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 307.40 234.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 357.09 234.60 Td (which ) Tj ET Q q 0 0 0 rg BT 385.96 234.60 Td (could ) Tj ET Q q 0 0 0 rg BT 412.62 234.60 Td (endanger) Tj ET Q q 0 0 0 rg BT 452.43 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 455.75 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.39 234.60 Td (futur) Tj ET Q q 0 0 0 rg BT 494.43 234.60 Td (e ) Tj ET Q q 0 0 0 rg BT 502.18 234.60 Td (success ) Tj ET Q q 0 0 0 rg BT 536.05 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 547.69 234.60 Td (our) Tj ET Q q 0 0 0 rg BT 562.51 234.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 198.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.95 198.60 Td (success ) Tj ET Q q 0 0 0 rg BT 116.84 198.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 151.51 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.19 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 167.52 198.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 211.64 198.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 240.18 198.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 262.08 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.20 198.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 317.53 198.60 Td (contributions ) Tj ET Q q 0 0 0 rg BT 372.20 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.43 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 397.66 198.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 437.87 198.60 Td (of) Tj ET Q q 0 0 0 rg BT 446.02 198.60 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 472.63 198.60 Td (other ) Tj ET Q q 0 0 0 rg BT 495.07 198.60 Td (key ) Tj ET Q q 0 0 0 rg BT 511.41 198.60 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.44 186.60 Td (specialized ) Tj ET Q q 0 0 0 rg BT 115.37 186.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 154.96 186.60 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 199.84 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 203.35 186.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 222.40 186.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 271.17 186.60 Td (including ) Tj ET Q q 0 0 0 rg BT 312.45 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 329.29 186.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 371.10 186.60 Td (of) Tj ET Q q 0 0 0 rg BT 379.25 186.60 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 407.46 186.60 Td (are ) Tj ET Q q 0 0 0 rg BT 423.17 186.60 Td (employed ) Tj ET Q q 0 0 0 rg BT 466.11 186.60 Td (at ) Tj ET Q q 0 0 0 rg BT 476.83 186.60 Td (will ) Tj ET Q q 0 0 0 rg BT 495.90 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 513.84 186.60 Td (do ) Tj ET Q q 0 0 0 rg BT 527.34 186.60 Td (not ) Tj ET Q q 0 0 0 rg BT 543.63 186.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (employment ) Tj ET Q q 0 0 0 rg BT 101.32 174.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 151.18 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.88 174.60 Td (W) Tj ET Q q 0 0 0 rg BT 161.52 174.60 Td (e ) Tj ET Q q 0 0 0 rg BT 167.79 174.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 198.49 174.60 Td (that ) Tj ET Q q 0 0 0 rg BT 215.32 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 230.48 174.60 Td (future ) Tj ET Q q 0 0 0 rg BT 256.19 174.60 Td (success ) Tj ET Q q 0 0 0 rg BT 288.01 174.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 325.11 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 334.72 174.60 Td (lar) Tj ET Q q 0 0 0 rg BT 345.09 174.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 356.35 174.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 376.23 174.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 398.06 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 413.23 174.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 440.61 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 450.22 174.60 Td (hire ) Tj ET Q q 0 0 0 rg BT 467.60 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 483.86 174.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 508.46 174.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 535.85 174.60 Td (skilled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (personnel.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 138.60 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 138.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 137.66 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 156.28 138.60 Td (r) Tj ET Q q 0 0 0 rg BT 160.54 138.60 Td (egulations ) Tj ET Q q 0 0 0 rg BT 206.38 138.60 Td (ar) Tj ET Q q 0 0 0 rg BT 215.64 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 222.58 138.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 249.51 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.14 138.60 Td (stringent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 114.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.35 114.60 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 135.69 114.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 183.81 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 200.55 114.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 243.39 114.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 287.34 114.60 Td (are ) Tj ET Q q 0 0 0 rg BT 301.84 114.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 332.47 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.54 114.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 379.27 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.01 114.60 Td (stringent ) Tj ET Q q 0 0 0 rg BT 433.30 114.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 465.85 114.60 Td (state, ) Tj ET Q q 0 0 0 rg BT 488.97 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.71 114.60 Td (local ) Tj ET Q q 0 0 0 rg BT 527.44 114.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.07 114.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.86 102.60 Td (governing, ) Tj ET Q q 0 0 0 rg BT 140.84 102.60 Td (among ) Tj ET Q q 0 0 0 rg BT 169.98 102.60 Td (other ) Tj ET Q q 0 0 0 rg BT 192.46 102.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 221.33 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.48 102.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 264.17 102.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 275.54 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.80 102.60 Td (substances ) Tj ET Q q 0 0 0 rg BT 330.49 102.60 Td (into ) Tj ET Q q 0 0 0 rg BT 347.98 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.12 102.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 414.59 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 424.85 102.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 465.65 102.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 498.12 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 507.83 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 102.60 Td (protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 90.60 Td (human ) Tj ET Q q 0 0 0 rg BT 90.58 90.60 Td (health ) Tj ET Q q 0 0 0 rg BT 117.78 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.98 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 90.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 193.27 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.36 90.60 Td (endangered ) Tj ET Q q 0 0 0 rg BT 253.21 90.60 Td (species. ) Tj ET Q q 0 0 0 rg BT 287.35 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 289.92 90.60 Td (These ) Tj ET Q q 0 0 0 rg BT 316.56 90.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 337.66 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 354.86 90.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 402.06 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 419.26 90.60 Td (related ) Tj ET Q q 0 0 0 rg BT 449.23 90.60 Td (public ) Tj ET Q q 0 0 0 rg BT 476.99 90.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 504.75 90.60 Td (considerations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 78.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.39 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 90.92 78.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 116.74 78.60 Td (manner) Tj ET Q q 0 0 0 rg BT 146.32 78.60 Td (, ) Tj ET Q q 0 0 0 rg BT 152.14 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 169.89 78.60 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 213.20 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.84 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 241.49 78.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 286.46 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 304.21 78.60 Td (require ) Tj ET Q q 0 0 0 rg BT 335.84 78.60 Td (us ) Tj ET Q q 0 0 0 rg BT 348.05 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 359.14 78.60 Td (make ) Tj ET Q q 0 0 0 rg BT 384.11 78.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 429.64 78.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 484.05 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 495.14 78.60 Td (order ) Tj ET Q q 0 0 0 rg BT 519.56 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 530.65 78.60 Td (comply) Tj ET Q q 0 0 0 rg BT 560.00 78.60 Td (. ) Tj ET Q q 0 0 0 rg BT 565.00 78.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (Failure ) Tj ET Q q 0 0 0 rg BT 79.99 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 89.94 66.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 122.10 66.60 Td (with ) Tj ET Q q 0 0 0 rg BT 142.05 66.60 Td (these ) Tj ET Q q 0 0 0 rg BT 164.76 66.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 185.26 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.87 66.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 248.47 66.60 Td (may ) Tj ET Q q 0 0 0 rg BT 267.85 66.60 Td (result ) Tj ET Q q 0 0 0 rg BT 292.24 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 302.19 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 316.57 66.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 363.18 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.67 66.60 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 435.55 66.60 Td (civil, ) Tj ET Q q 0 0 0 rg BT 457.99 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.60 66.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 510.09 66.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 550.30 66.60 Td (the ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (imposition ) Tj ET Q q 0 0 0 rg BT 95.01 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.08 726.60 Td (investigatory ) Tj ET Q q 0 0 0 rg BT 161.02 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.19 726.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 215.90 726.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 265.57 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.74 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.69 726.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 334.30 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.36 726.60 Td (injunctions ) Tj ET Q q 0 0 0 rg BT 392.53 726.60 Td (that ) Tj ET Q q 0 0 0 rg BT 410.26 726.60 Td (could ) Tj ET Q q 0 0 0 rg BT 435.21 726.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 456.83 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 467.89 726.60 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 502.29 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 518.35 726.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 565.00 726.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (Some ) Tj ET Q q 0 0 0 rg BT 74.05 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 84.15 714.60 Td (these ) Tj ET Q q 0 0 0 rg BT 106.47 714.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 126.58 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 142.79 714.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 188.99 714.60 Td (may ) Tj ET Q q 0 0 0 rg BT 207.98 714.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 238.64 714.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 258.75 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.96 714.60 Td (several, ) Tj ET Q q 0 0 0 rg BT 307.55 714.60 Td (strict ) Tj ET Q q 0 0 0 rg BT 329.31 714.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 362.20 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.63 714.60 Td (contamination ) Tj ET Q q 0 0 0 rg BT 434.61 714.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 471.38 714.60 Td (from ) Tj ET Q q 0 0 0 rg BT 492.59 714.60 Td (spills, ) Tj ET Q q 0 0 0 rg BT 517.98 714.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 546.67 714.60 Td (ges, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.31 702.60 Td (releases ) Tj ET Q q 0 0 0 rg BT 102.32 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.02 702.60 Td (substances, ) Tj ET Q q 0 0 0 rg BT 162.66 702.60 Td (including ) Tj ET Q q 0 0 0 rg BT 203.80 702.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 247.71 702.60 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 305.51 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 323.32 702.60 Td (other ) Tj ET Q q 0 0 0 rg BT 347.23 702.60 Td (wastes, ) Tj ET Q q 0 0 0 rg BT 379.76 702.60 Td (without ) Tj ET Q q 0 0 0 rg BT 413.69 702.60 Td (regard ) Tj ET Q q 0 0 0 rg BT 442.60 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 453.74 702.60 Td (fault, ) Tj ET Q q 0 0 0 rg BT 477.94 702.60 Td (or ) Tj ET Q q 0 0 0 rg BT 489.64 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 505.22 702.60 Td (legality ) Tj ET Q q 0 0 0 rg BT 538.58 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 702.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (original ) Tj ET Q q 0 0 0 rg BT 82.97 690.60 Td (conduct. ) Tj ET Q q 0 0 0 rg BT 119.49 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 121.86 690.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 149.22 690.60 Td (such ) Tj ET Q q 0 0 0 rg BT 169.92 690.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 190.61 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.42 690.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 256.72 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 270.75 690.60 Td (could ) Tj ET Q q 0 0 0 rg BT 295.33 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 307.14 690.60 Td (required ) Tj ET Q q 0 0 0 rg BT 342.82 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 352.96 690.60 Td (remove ) Tj ET Q q 0 0 0 rg BT 385.32 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 396.01 690.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 437.80 690.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 482.38 690.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 519.75 690.60 Td (substances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 678.60 Td (property ) Tj ET Q q 0 0 0 rg BT 102.82 678.60 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 165.02 678.60 Td (including ) Tj ET Q q 0 0 0 rg BT 205.30 678.60 Td (wastes ) Tj ET Q q 0 0 0 rg BT 234.46 678.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 271.96 678.60 Td (or ) Tj ET Q q 0 0 0 rg BT 282.79 678.60 Td (released ) Tj ET Q q 0 0 0 rg BT 318.04 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 330.54 678.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 352.48 678.60 Td (owners ) Tj ET Q q 0 0 0 rg BT 383.86 678.60 Td (or ) Tj ET Q q 0 0 0 rg BT 394.69 678.60 Td (operators.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (Enactment ) Tj ET Q q 0 0 0 rg BT 98.66 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.49 654.60 Td (executive, ) Tj ET Q q 0 0 0 rg BT 153.91 654.60 Td (legislative ) Tj ET Q q 0 0 0 rg BT 198.63 654.60 Td (or) Tj ET Q q 0 0 0 rg BT 207.88 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.38 654.60 Td (r) Tj ET Q q 0 0 0 rg BT 214.64 654.60 Td (egulatory ) Tj ET Q q 0 0 0 rg BT 257.69 654.60 Td (pr) Tj ET Q q 0 0 0 rg BT 267.51 654.60 Td (oposals ) Tj ET Q q 0 0 0 rg BT 301.13 654.60 Td (under) Tj ET Q q 0 0 0 rg BT 326.51 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 329.01 654.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 389.29 654.60 Td (could ) Tj ET Q q 0 0 0 rg BT 415.13 654.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 460.96 654.60 Td (affect ) Tj ET Q q 0 0 0 rg BT 487.32 654.60 Td (our) Tj ET Q q 0 0 0 rg BT 502.14 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 504.64 654.60 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 107.54 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.02 630.60 Td (current ) Tj ET Q q 0 0 0 rg BT 152.10 630.60 Td (Administration ) Tj ET Q q 0 0 0 rg BT 214.91 630.60 Td (has ) Tj ET Q q 0 0 0 rg BT 230.50 630.60 Td (moved ) Tj ET Q q 0 0 0 rg BT 259.98 630.60 Td (away ) Tj ET Q q 0 0 0 rg BT 283.34 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 305.04 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.52 630.60 Td (trend ) Tj ET Q q 0 0 0 rg BT 342.33 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 352.92 630.60 Td (proposing ) Tj ET Q q 0 0 0 rg BT 395.19 630.60 Td (stricter ) Tj ET Q q 0 0 0 rg BT 425.21 630.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 465.24 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.94 630.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 525.30 630.60 Td (oversight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.23 618.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 109.06 618.60 Td (over ) Tj ET Q q 0 0 0 rg BT 129.12 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.63 618.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 191.47 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 208.20 618.60 Td (production ) Tj ET Q q 0 0 0 rg BT 253.81 618.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 288.88 618.60 Td (at ) Tj ET Q q 0 0 0 rg BT 298.39 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.90 618.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 342.94 618.60 Td (level, ) Tj ET Q q 0 0 0 rg BT 367.17 618.60 Td (it ) Tj ET Q q 0 0 0 rg BT 375.02 618.60 Td (is ) Tj ET Q q 0 0 0 rg BT 383.98 618.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 419.05 618.60 Td (that ) Tj ET Q q 0 0 0 rg BT 436.33 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 459.17 618.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 499.79 618.60 Td (af) Tj ET Q q 0 0 0 rg BT 507.38 618.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 537.44 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 551.95 618.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.57 606.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 80.54 606.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 114.95 606.60 Td (could ) Tj ET Q q 0 0 0 rg BT 138.80 606.60 Td (be ) Tj ET Q q 0 0 0 rg BT 149.88 606.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 182.04 606.60 Td (or ) Tj ET Q q 0 0 0 rg BT 192.01 606.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 225.30 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 234.71 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.56 606.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 276.57 606.60 Td (including ) Tj ET Q q 0 0 0 rg BT 315.98 606.60 Td (state ) Tj ET Q q 0 0 0 rg BT 335.94 606.60 Td (or ) Tj ET Q q 0 0 0 rg BT 345.91 606.60 Td (local ) Tj ET Q q 0 0 0 rg BT 366.98 606.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 415.54 606.60 Td (any ) Tj ET Q q 0 0 0 rg BT 431.62 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.58 606.60 Td (which ) Tj ET Q q 0 0 0 rg BT 467.66 606.60 Td (could ) Tj ET Q q 0 0 0 rg BT 491.51 606.60 Td (result ) Tj ET Q q 0 0 0 rg BT 515.36 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.77 606.60 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.21 594.60 Td (or ) Tj ET Q q 0 0 0 rg BT 83.24 594.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 125.94 594.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 166.41 594.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 213.55 594.60 Td (that ) Tj ET Q q 0 0 0 rg BT 231.25 594.60 Td (could ) Tj ET Q q 0 0 0 rg BT 256.18 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 277.76 594.60 Td (an ) Tj ET Q q 0 0 0 rg BT 289.90 594.60 Td (ef) Tj ET Q q 0 0 0 rg BT 297.49 594.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 315.18 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 327.89 594.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 362.25 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 376.62 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 389.88 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.03 594.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 437.50 594.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 453.53 594.60 Td (or ) Tj ET Q q 0 0 0 rg BT 464.57 594.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 491.15 594.60 Td (at ) Tj ET Q q 0 0 0 rg BT 501.08 594.60 Td (which ) Tj ET Q q 0 0 0 rg BT 528.22 594.60 Td (it ) Tj ET Q q 0 0 0 rg BT 536.49 594.60 Td (can ) Tj ET Q q 0 0 0 rg BT 553.07 594.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (sold.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.67 558.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 86.73 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 97.56 558.60 Td (one ) Tj ET Q q 0 0 0 rg BT 115.06 558.60 Td (or) Tj ET Q q 0 0 0 rg BT 124.32 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.82 558.60 Td (mor) Tj ET Q q 0 0 0 rg BT 144.41 558.60 Td (e ) Tj ET Q q 0 0 0 rg BT 151.35 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 558.60 Td (our) Tj ET Q q 0 0 0 rg BT 177.00 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.50 558.60 Td (large ) Tj ET Q q 0 0 0 rg BT 203.65 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.71 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.33 558.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 269.50 558.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.89 558.60 Td (pur) Tj ET Q q 0 0 0 rg BT 301.27 558.60 Td (chasers ) Tj ET Q q 0 0 0 rg BT 335.43 558.60 Td (could ) Tj ET Q q 0 0 0 rg BT 361.27 558.60 Td (have ) Tj ET Q q 0 0 0 rg BT 383.77 558.60 Td (an ) Tj ET Q q 0 0 0 rg BT 396.83 558.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 432.10 558.60 Td (effect ) Tj ET Q q 0 0 0 rg BT 457.91 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 470.97 558.60 Td (our) Tj ET Q q 0 0 0 rg BT 485.79 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 488.29 558.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (For ) Tj ET Q q 0 0 0 rg BT 84.08 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.98 534.60 Td (year ) Tj ET Q q 0 0 0 rg BT 118.87 534.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.43 534.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 204.20 534.60 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.20 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 229.38 534.60 Td (three ) Tj ET Q q 0 0 0 rg BT 252.05 534.60 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 297.50 534.60 Td (individually ) Tj ET Q q 0 0 0 rg BT 348.51 534.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 391.73 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 406.07 534.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 427.09 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 438.10 534.60 Td (more ) Tj ET Q q 0 0 0 rg BT 461.33 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 472.35 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 488.36 534.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.60 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.73 534.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 534.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.51 522.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 106.92 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 117.16 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.85 522.60 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 175.68 522.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.81 522.60 Td (54%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.14 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.61 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.41 522.60 Td (such ) Tj ET Q q 0 0 0 rg BT 242.21 522.60 Td (revenues.��) Tj ET Q q 0 0 0 rg BT 285.07 522.60 Td (The ) Tj ET Q q 0 0 0 rg BT 303.08 522.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 321.12 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.92 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 338.82 522.60 Td (lar) Tj ET Q q 0 0 0 rg BT 349.19 522.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 361.10 522.60 Td (single ) Tj ET Q q 0 0 0 rg BT 387.45 522.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 428.79 522.60 Td (could ) Tj ET Q q 0 0 0 rg BT 453.48 522.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 494.26 522.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 523.94 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.63 522.60 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 510.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 95.02 510.60 Td (or ) Tj ET Q q 0 0 0 rg BT 105.85 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 510.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 178.61 510.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 201.11 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 215.27 510.60 Td (incur) Tj ET Q q 0 0 0 rg BT 235.27 510.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 485.03505859375 m 210.96484375 485.03505859375 l s q 0 0 0 rg BT 49.50 486.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 486.60 Td (1B.��Unr) Tj ET Q q 0 0 0 rg BT 108.20 486.60 Td (esolved ) Tj ET Q q 0 0 0 rg BT 141.81 486.60 Td (Staff ) Tj ET Q q 0 0 0 rg BT 164.86 486.60 Td (Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (There ) Tj ET Q q 0 0 0 rg BT 93.03 462.60 Td (are ) Tj ET Q q 0 0 0 rg BT 107.44 462.60 Td (no ) Tj ET Q q 0 0 0 rg BT 119.66 462.60 Td (unresolved ) Tj ET Q q 0 0 0 rg BT 165.74 462.60 Td (written ) Tj ET Q q 0 0 0 rg BT 196.28 462.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 216.83 462.60 Td (staf) Tj ET Q q 0 0 0 rg BT 231.09 462.60 Td (f ) Tj ET Q q 0 0 0 rg BT 236.63 462.60 Td (comments ) Tj ET Q q 0 0 0 rg BT 279.94 462.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 320.47 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 336.01 462.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 370.99 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 381.53 462.60 Td (current ) Tj ET Q q 0 0 0 rg BT 412.05 462.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 442.03 462.60 Td (under ) Tj ET Q q 0 0 0 rg BT 467.01 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.44 462.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 523.08 462.60 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.44 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.27 450.60 Td (1934 ) Tj ET Q q 0 0 0 rg BT 99.77 450.60 Td (received ) Tj ET Q q 0 0 0 rg BT 136.13 450.60 Td (180 ) Tj ET Q q 0 0 0 rg BT 153.63 450.60 Td (days ) Tj ET Q q 0 0 0 rg BT 174.46 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 185.29 450.60 Td (more ) Tj ET Q q 0 0 0 rg BT 208.34 450.60 Td (before ) Tj ET Q q 0 0 0 rg BT 236.38 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.09 450.60 Td (end ) Tj ET Q q 0 0 0 rg BT 268.03 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.86 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.58 450.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 317.73 450.60 Td (year ) Tj ET Q q 0 0 0 rg BT 337.44 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.72 450.60 Td (which ) Tj ET Q q 0 0 0 rg BT 374.66 450.60 Td (this ) Tj ET Q q 0 0 0 rg BT 391.60 450.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 420.76 450.60 Td (report ) Tj ET Q q 0 0 0 rg BT 447.14 450.60 Td (on ) Tj ET Q q 0 0 0 rg BT 459.64 450.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 483.81 450.60 Td (10-K ) Tj ET Q q 0 0 0 rg BT 506.86 450.60 Td (relates.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 425.03505859375 m 128.7333984375 425.03505859375 l s q 0 0 0 rg BT 49.50 426.60 Td (Item 2.��Pr) Tj ET Q q 0 0 0 rg BT 94.86 426.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 117.85 402.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 158.75 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.54 402.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 215.21 402.60 Td (s ) Tj ET Q q 0 0 0 rg BT 221.68 402.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 264.25 402.60 Td (called ) Tj ET Q q 0 0 0 rg BT 290.71 402.60 Td (for ) Tj ET Q q 0 0 0 rg BT 304.95 402.60 Td (by ) Tj ET Q q 0 0 0 rg BT 317.53 402.60 Td (this ) Tj ET Q q 0 0 0 rg BT 334.57 402.60 Td (item ) Tj ET Q q 0 0 0 rg BT 354.92 402.60 Td (is ) Tj ET Q q 0 0 0 rg BT 364.17 402.60 Td (included ) Tj ET Q q 0 0 0 rg BT 401.19 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 411.55 402.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 432.46 402.60 Td (1) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 437.46 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 442.54 402.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 480.13 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.71 402.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 507.34 402.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 542.14 402.60 Td (� ) Tj ET Q q 0 0 0 rg BT 549.72 402.60 Td (Oil ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.48 390.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 101.58 390.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 120.68 390.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.68 390.60 Td (.��) Tj ET Q q 0 0 0 rg BT 173.00 390.60 Td (W) Tj ET Q q 0 0 0 rg BT 181.64 390.60 Td (e ) Tj ET Q q 0 0 0 rg BT 189.06 390.60 Td (also ) Tj ET Q q 0 0 0 rg BT 208.15 390.60 Td (have ) Tj ET Q q 0 0 0 rg BT 230.01 390.60 Td (various ) Tj ET Q q 0 0 0 rg BT 262.43 390.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.17 390.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 330.03 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 344.68 390.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 370.42 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.73 390.60 Td (of) Tj ET Q q 0 0 0 rg BT 389.88 390.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 407.85 390.60 Td (space, ) Tj ET Q q 0 0 0 rg BT 435.54 390.60 Td (of) Tj ET Q q 0 0 0 rg BT 443.69 390.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 461.66 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.08 390.60 Td (field ) Tj ET Q q 0 0 0 rg BT 500.39 390.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 548.08 390.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (vehicles.��See ) Tj ET Q q 0 0 0 rg BT 105.61 378.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 125.35 378.60 Td (7, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 134.27 378.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 188.51 378.60 Td (s ) Tj ET Q q 0 0 0 rg BT 193.82 378.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 239.12 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.43 378.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 290.73 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.92 378.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 340.22 378.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 381.63 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.05 378.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 428.35 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 437.54 378.60 Td (Operations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 482.54 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 483.95 378.60 Td (� ) Tj ET Q q 0 0 0 rg BT 490.36 378.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 521.78 378.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 549.74 378.60 Td (ces ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.72 366.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 107.05 366.60 Td (� ) Tj ET Q q 0 0 0 rg BT 115.27 366.60 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 167.36 366.60 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 192.00 366.60 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.66 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 254.38 366.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.04 366.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 294.70 366.60 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.70 366.60 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 305.42 366.60 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.64 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 338.36 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.36 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.79 366.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 420.79 366.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 461.22 366.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 508.32 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 523.20 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.63 366.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 90.89 354.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 116.16 354.60 Td (payments.��Such ) Tj ET Q q 0 0 0 rg BT 184.48 354.60 Td (information ) Tj ET Q q 0 0 0 rg BT 234.19 354.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.36 354.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 296.39 354.60 Td (herein ) Tj ET Q q 0 0 0 rg BT 323.88 354.60 Td (by ) Tj ET Q q 0 0 0 rg BT 336.38 354.60 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 329.03505859375 m 162.3515625 329.03505859375 l s q 0 0 0 rg BT 49.50 330.60 Td (Item 3.��Legal Pr) Tj ET Q q 0 0 0 rg BT 121.24 330.60 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 306.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.82 306.60 Td (are ) Tj ET Q q 0 0 0 rg BT 99.26 306.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 137.50 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.52 306.60 Td (various ) Tj ET Q q 0 0 0 rg BT 181.19 306.60 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 219.71 306.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 249.06 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 266.73 306.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 311.07 306.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 362.62 306.60 Td (incidental ) Tj ET Q q 0 0 0 rg BT 405.29 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.31 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.88 306.60 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 480.84 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 483.85 306.60 Td (While ) Tj ET Q q 0 0 0 rg BT 511.52 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 526.42 306.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.92 294.60 Td (that ) Tj ET Q q 0 0 0 rg BT 98.46 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.22 294.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 148.54 294.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 185.52 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.39 294.60 Td (these ) Tj ET Q q 0 0 0 rg BT 219.49 294.60 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 272.85 294.60 Td (individually ) Tj ET Q q 0 0 0 rg BT 323.73 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.71 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.04 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.80 294.60 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 409.71 294.60 Td (will ) Tj ET Q q 0 0 0 rg BT 427.81 294.60 Td (not ) Tj ET Q q 0 0 0 rg BT 443.14 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 464.56 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 471.54 294.60 Td (material ) Tj ET Q q 0 0 0 rg BT 506.85 294.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.93 294.60 Td (ef) Tj ET Q q 0 0 0 rg BT 547.52 294.60 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.26 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 78.36 282.60 Td (business ) Tj ET Q q 0 0 0 rg BT 115.01 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 126.11 282.60 Td (finances, ) Tj ET Q q 0 0 0 rg BT 164.69 282.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 203.56 282.60 Td (is ) Tj ET Q q 0 0 0 rg BT 212.99 282.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 244.08 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 254.62 282.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 290.15 282.60 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 346.50 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 349.07 282.60 Td (W) Tj ET Q q 0 0 0 rg BT 357.70 282.60 Td (e ) Tj ET Q q 0 0 0 rg BT 364.91 282.60 Td (accrue ) Tj ET Q q 0 0 0 rg BT 393.75 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 408.18 282.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 434.83 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 457.03 282.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 495.91 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 513.11 282.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 541.98 282.60 Td (if ) Tj ET Q q 0 0 0 rg BT 550.85 282.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 91.98 270.60 Td (that ) Tj ET Q q 0 0 0 rg BT 109.48 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.41 270.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 134.48 270.60 Td (is ) Tj ET Q q 0 0 0 rg BT 143.65 270.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 181.13 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.07 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.79 270.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.28 270.60 Td (can ) Tj ET Q q 0 0 0 rg BT 261.66 270.60 Td (be ) Tj ET Q q 0 0 0 rg BT 273.60 270.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 319.41 270.60 Td (estimated.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 72.54 246.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 98.37 246.60 Td (Helium ) Tj ET Q q 0 0 0 rg BT 130.31 246.60 Td (Supply ) Tj ET Q q 0 0 0 rg BT 160.02 246.60 Td (Contract ) Tj ET Q q 0 0 0 rg BT 198.08 246.60 Td (Claim) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.60 Td (As ) Tj ET Q q 0 0 0 rg BT 82.00 222.60 Td (part ) Tj ET Q q 0 0 0 rg BT 100.93 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.65 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 129.36 222.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 152.75 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.57 222.60 Td (201) Tj ET Q q 0 0 0 rg BT 185.20 222.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 193.58 222.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 244.74 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.46 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.06 222.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 297.11 222.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 324.38 222.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 345.55 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 363.37 222.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.85 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 424.56 222.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 470.72 222.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 502.42 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 520.80 222.60 Td (was ) Tj ET Q q 0 0 0 rg BT 539.74 222.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (construction, ) Tj ET Q q 0 0 0 rg BT 103.48 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.74 210.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.66 210.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 195.15 210.60 Td (a ) Tj ET Q q 0 0 0 rg BT 201.63 210.60 Td (20-year ) Tj ET Q q 0 0 0 rg BT 234.21 210.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 264.02 210.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 292.73 210.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 326.98 210.60 Td (under ) Tj ET Q q 0 0 0 rg BT 351.79 210.60 Td (which ) Tj ET Q q 0 0 0 rg BT 378.27 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 391.97 210.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 420.66 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 430.48 210.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 459.19 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.45 210.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 503.27 210.60 Td (separated ) Tj ET Q q 0 0 0 rg BT 543.07 210.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.69 198.60 Td (full ) Tj ET Q q 0 0 0 rg BT 79.55 198.60 Td (well ) Tj ET Q q 0 0 0 rg BT 98.74 198.60 Td (stream ) Tj ET Q q 0 0 0 rg BT 127.36 198.60 Td (by ) Tj ET Q q 0 0 0 rg BT 139.33 198.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 179.07 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.37 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.56 198.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 218.86 198.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 263.60 198.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 293.89 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 303.64 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 310.05 198.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 354.79 198.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 393.26 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 397.29 198.60 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 434.27 198.60 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 468.74 198.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 489.59 198.60 Td (\(�APMTG�\).� ) Tj ET Q q 0 0 0 rg BT 546.96 198.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 79.53 186.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 108.46 186.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 142.92 186.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 179.62 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 193.54 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.01 186.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 243.03 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 253.62 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 260.32 186.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 301.47 186.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 345.37 186.60 Td (quantity ) Tj ET Q q 0 0 0 rg BT 380.40 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.99 186.60 Td (helium, ) Tj ET Q q 0 0 0 rg BT 423.52 186.60 Td (with ) Tj ET Q q 0 0 0 rg BT 443.56 186.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 485.80 186.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 523.05 186.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 556.40 186.60 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 88.19 174.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 129.68 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 140.61 174.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 170.98 174.60 Td (are ) Tj ET Q q 0 0 0 rg BT 185.79 174.60 Td (not ) Tj ET Q q 0 0 0 rg BT 201.17 174.60 Td (supplied ) Tj ET Q q 0 0 0 rg BT 237.65 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 248.03 174.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 295.59 174.60 Td (with ) Tj ET Q q 0 0 0 rg BT 315.97 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.79 174.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 355.60 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.53 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.35 174.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 418.65 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 421.06 174.60 Td (The ) Tj ET Q q 0 0 0 rg BT 439.21 174.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 481.80 174.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 519.39 174.60 Td (are ) Tj ET Q q 0 0 0 rg BT 534.19 174.60 Td (capped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 162.60 Td (an ) Tj ET Q q 0 0 0 rg BT 71.16 162.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 112.52 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.35 162.60 Td ($46.0 ) Tj ET Q q 0 0 0 rg BT 148.35 162.60 Td (million ) Tj ET Q q 0 0 0 rg BT 179.74 162.60 Td (over ) Tj ET Q q 0 0 0 rg BT 200.01 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.72 162.60 Td (term ) Tj ET Q q 0 0 0 rg BT 235.55 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.38 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.10 162.60 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 138.60 Td (As ) Tj ET Q q 0 0 0 rg BT 81.33 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.26 138.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 112.30 138.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 157.79 138.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 188.82 138.60 Td (has ) Tj ET Q q 0 0 0 rg BT 204.87 138.60 Td (been ) Tj ET Q q 0 0 0 rg BT 226.46 138.60 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 256.95 138.60 Td (since ) Tj ET Q q 0 0 0 rg BT 280.21 138.60 Td (mid-2014 ) Tj ET Q q 0 0 0 rg BT 321.82 138.60 Td (due ) Tj ET Q q 0 0 0 rg BT 338.97 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.46 138.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 394.39 138.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 433.19 138.60 Td (issues, ) Tj ET Q q 0 0 0 rg BT 462.30 138.60 Td (we ) Tj ET Q q 0 0 0 rg BT 476.67 138.60 Td (have ) Tj ET Q q 0 0 0 rg BT 498.27 138.60 Td (not ) Tj ET Q q 0 0 0 rg BT 513.76 138.60 Td (been ) Tj ET Q q 0 0 0 rg BT 535.35 138.60 Td (able ) Tj ET Q q 0 0 0 rg BT 554.72 138.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 78.35 126.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 108.31 126.60 Td (under ) Tj ET Q q 0 0 0 rg BT 133.27 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.67 126.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 177.63 126.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 206.48 126.60 Td (contract.� ) Tj ET Q q 0 0 0 rg BT 245.87 126.60 Td (In ) Tj ET Q q 0 0 0 rg BT 256.38 126.60 Td (a ) Tj ET Q q 0 0 0 rg BT 263.01 126.60 Td (case ) Tj ET Q q 0 0 0 rg BT 282.40 126.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 302.91 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 312.87 126.60 Td (November ) Tj ET Q q 0 0 0 rg BT 357.27 126.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 379.45 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 389.41 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.82 126.60 Td (Ninth ) Tj ET Q q 0 0 0 rg BT 428.78 126.60 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 462.07 126.60 Td (District ) Tj ET Q q 0 0 0 rg BT 494.25 126.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 519.21 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 529.73 126.60 Td (Sublette ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (County) Tj ET Q q 0 0 0 rg BT 78.30 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 82.90 114.60 Td (W) Tj ET Q q 0 0 0 rg BT 91.73 114.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 126.55 114.60 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 163.81 114.60 Td (claimed ) Tj ET Q q 0 0 0 rg BT 197.73 114.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 233.31 114.60 Td (years ) Tj ET Q q 0 0 0 rg BT 256.67 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.26 114.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 309.51 114.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 346.76 114.60 Td (for ) Tj ET Q q 0 0 0 rg BT 360.68 114.60 Td (non-delivery ) Tj ET Q q 0 0 0 rg BT 414.03 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.62 114.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 460.77 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.36 114.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 501.39 114.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 539.74 114.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.70 102.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 93.46 102.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 122.11 102.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 158.80 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.64 102.60 Td (The ) Tj ET Q q 0 0 0 rg BT 178.17 102.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.04 102.60 Td (claimed ) Tj ET Q q 0 0 0 rg BT 252.67 102.60 Td (that ) Tj ET Q q 0 0 0 rg BT 269.65 102.60 Td (its ) Tj ET Q q 0 0 0 rg BT 281.08 102.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 327.49 102.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 373.92 102.60 Td (were ) Tj ET Q q 0 0 0 rg BT 395.33 102.60 Td (excused ) Tj ET Q q 0 0 0 rg BT 429.52 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 441.50 102.60 Td (virtue ) Tj ET Q q 0 0 0 rg BT 466.81 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.13 102.60 Td (events ) Tj ET Q q 0 0 0 rg BT 504.66 102.60 Td (that ) Tj ET Q q 0 0 0 rg BT 521.64 102.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 536.94 102.60 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 90.60 Td (force ) Tj ET Q q 0 0 0 rg BT 87.25 90.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 121.96 90.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 166.13 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 176.40 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.12 90.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 221.39 90.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 250.56 90.60 Td (contract.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (On ) Tj ET Q q 0 0 0 rg BT 83.15 726.60 Td (March ) Tj ET Q q 0 0 0 rg BT 112.68 726.60 Td (1) Tj ET Q q 0 0 0 rg BT 117.30 726.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 128.23 726.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 154.16 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.80 726.60 Td (trial ) Tj ET Q q 0 0 0 rg BT 189.34 726.60 Td (court ) Tj ET Q q 0 0 0 rg BT 213.31 726.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 246.16 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 254.03 726.60 Td (final ) Tj ET Q q 0 0 0 rg BT 275.78 726.60 Td (judgment ) Tj ET Q q 0 0 0 rg BT 316.98 726.60 Td (that ) Tj ET Q q 0 0 0 rg BT 335.41 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 343.27 726.60 Td (force ) Tj ET Q q 0 0 0 rg BT 367.24 726.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 402.87 726.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 444.07 726.60 Td (did ) Tj ET Q q 0 0 0 rg BT 460.27 726.60 Td (exist, ) Tj ET Q q 0 0 0 rg BT 485.09 726.60 Td (but ) Tj ET Q q 0 0 0 rg BT 501.29 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 726.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 558.60 726.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.03 714.60 Td (was ) Tj ET Q q 0 0 0 rg BT 121.60 714.60 Td (excused ) Tj ET Q q 0 0 0 rg BT 156.82 714.60 Td (by ) Tj ET Q q 0 0 0 rg BT 169.83 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.06 714.60 Td (force ) Tj ET Q q 0 0 0 rg BT 208.61 714.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 243.82 714.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 288.50 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.84 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.07 714.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 350.29 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 364.96 714.60 Td (only ) Tj ET Q q 0 0 0 rg BT 385.75 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 393.20 714.60 Td (35-day ) Tj ET Q q 0 0 0 rg BT 423.98 714.60 Td (period ) Tj ET Q q 0 0 0 rg BT 452.54 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 463.33 714.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 488.84 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.29 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 517.63 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 525.08 714.60 Td (result ) Tj ET Q q 0 0 0 rg BT 550.31 714.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.33 702.60 Td (should ) Tj ET Q q 0 0 0 rg BT 120.95 702.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 137.68 702.60 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 175.63 702.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 218.56 702.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 256.49 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 273.87 702.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.25 702.60 Td (thereon ) Tj ET Q q 0 0 0 rg BT 339.18 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 353.79 702.60 Td (those ) Tj ET Q q 0 0 0 rg BT 377.84 702.60 Td (time ) Tj ET Q q 0 0 0 rg BT 398.56 702.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 430.94 702.60 Td (from ) Tj ET Q q 0 0 0 rg BT 453.32 702.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 488.47 702.60 Td (commencement ) Tj ET Q q 0 0 0 rg BT 554.72 702.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.50 690.60 Td (close ) Tj ET Q q 0 0 0 rg BT 87.82 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 98.93 690.60 Td (evidence ) Tj ET Q q 0 0 0 rg BT 137.24 690.60 Td (\(November ) Tj ET Q q 0 0 0 rg BT 185.55 690.60 Td (29, ) Tj ET Q q 0 0 0 rg BT 200.83 690.60 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 229.44 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 232.02 690.60 Td (The ) Tj ET Q q 0 0 0 rg BT 250.34 690.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 292.01 690.60 Td (s ) Tj ET Q q 0 0 0 rg BT 298.68 690.60 Td (position ) Tj ET Q q 0 0 0 rg BT 333.68 690.60 Td (continues ) Tj ET Q q 0 0 0 rg BT 374.79 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.34 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 397.56 690.60 Td (that ) Tj ET Q q 0 0 0 rg BT 415.33 690.60 Td (its ) Tj ET Q q 0 0 0 rg BT 427.56 690.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 474.76 690.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 521.98 690.60 Td (have ) Tj ET Q q 0 0 0 rg BT 543.64 690.60 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.27 678.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 103.04 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 113.15 678.60 Td (be ) Tj ET Q q 0 0 0 rg BT 124.92 678.60 Td (excused ) Tj ET Q q 0 0 0 rg BT 159.45 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 171.79 678.60 Td (events ) Tj ET Q q 0 0 0 rg BT 199.66 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 216.99 678.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 232.65 678.60 Td (within ) Tj ET Q q 0 0 0 rg BT 260.54 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.08 678.60 Td (force ) Tj ET Q q 0 0 0 rg BT 297.95 678.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 332.49 678.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 376.49 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.15 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 678.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 431.80 678.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 460.80 678.60 Td (contract, ) Tj ET Q q 0 0 0 rg BT 497.84 678.60 Td (so ) Tj ET Q q 0 0 0 rg BT 509.06 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 678.60 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (has ) Tj ET Q q 0 0 0 rg BT 65.92 666.60 Td (appealed ) Tj ET Q q 0 0 0 rg BT 104.54 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 119.85 666.60 Td (trial ) Tj ET Q q 0 0 0 rg BT 139.05 666.60 Td (court�) Tj ET Q q 0 0 0 rg BT 162.37 666.60 Td (s ) Tj ET Q q 0 0 0 rg BT 169.35 666.60 Td (ruling ) Tj ET Q q 0 0 0 rg BT 196.33 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.20 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.28 666.60 Td (W) Tj ET Q q 0 0 0 rg BT 231.12 666.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 264.77 666.60 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 303.41 666.60 Td (Court. ) Tj ET Q q 0 0 0 rg BT 331.78 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.87 666.60 Td (Briefing ) Tj ET Q q 0 0 0 rg BT 371.28 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 386.03 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.34 666.60 Td (appeal ) Tj ET Q q 0 0 0 rg BT 430.53 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 443.62 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.93 666.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 500.90 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 517.75 666.60 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 555.85 666.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.96 654.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 125.85 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.99 654.60 Td (be ) Tj ET Q q 0 0 0 rg BT 147.80 654.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 191.81 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 201.95 654.60 Td (late ) Tj ET Q q 0 0 0 rg BT 218.75 654.60 Td (May ) Tj ET Q q 0 0 0 rg BT 239.44 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 250.13 654.60 Td (early ) Tj ET Q q 0 0 0 rg BT 272.48 654.60 Td (June, ) Tj ET Q q 0 0 0 rg BT 295.68 654.60 Td (after ) Tj ET Q q 0 0 0 rg BT 316.36 654.60 Td (which ) Tj ET Q q 0 0 0 rg BT 343.16 654.60 Td (oral ) Tj ET Q q 0 0 0 rg BT 361.07 654.60 Td (ar) Tj ET Q q 0 0 0 rg BT 368.66 654.60 Td (guments ) Tj ET Q q 0 0 0 rg BT 404.91 654.60 Td (will ) Tj ET Q q 0 0 0 rg BT 422.83 654.60 Td (be ) Tj ET Q q 0 0 0 rg BT 434.63 654.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 476.98 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 493.78 654.60 Td (heard ) Tj ET Q q 0 0 0 rg BT 518.35 654.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 540.15 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 654.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.34 642.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 92.72 642.60 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 132.08 642.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 158.68 642.60 Td (entering ) Tj ET Q q 0 0 0 rg BT 195.27 642.60 Td (its ) Tj ET Q q 0 0 0 rg BT 208.54 642.60 Td (judgment ) Tj ET Q q 0 0 0 rg BT 250.13 642.60 Td (on ) Tj ET Q q 0 0 0 rg BT 263.95 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.99 642.60 Td (appeal. ) Tj ET Q q 0 0 0 rg BT 312.41 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 315.95 642.60 Td (The ) Tj ET Q q 0 0 0 rg BT 335.32 642.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 365.25 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 383.51 642.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 421.77 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.92 642.60 Td (this ) Tj ET Q q 0 0 0 rg BT 452.19 642.60 Td (appeal ) Tj ET Q q 0 0 0 rg BT 482.11 642.60 Td (process ) Tj ET Q q 0 0 0 rg BT 515.92 642.60 Td (is ) Tj ET Q q 0 0 0 rg BT 526.41 642.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (unpredictable, ) Tj ET Q q 0 0 0 rg BT 108.92 630.60 Td (but ) Tj ET Q q 0 0 0 rg BT 124.20 630.60 Td (at ) Tj ET Q q 0 0 0 rg BT 133.91 630.60 Td (this ) Tj ET Q q 0 0 0 rg BT 150.86 630.60 Td (time ) Tj ET Q q 0 0 0 rg BT 171.14 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 180.31 630.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 226.67 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.95 630.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 266.11 630.60 Td (over ) Tj ET Q q 0 0 0 rg BT 286.38 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 301.09 630.60 Td (next ) Tj ET Q q 0 0 0 rg BT 320.81 630.60 Td (nine ) Tj ET Q q 0 0 0 rg BT 340.53 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 350.80 630.60 Td (twelve ) Tj ET Q q 0 0 0 rg BT 379.96 630.60 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (Absent ) Tj ET Q q 0 0 0 rg BT 98.09 606.60 Td (reversal ) Tj ET Q q 0 0 0 rg BT 132.00 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.59 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.07 606.60 Td (trial ) Tj ET Q q 0 0 0 rg BT 175.43 606.60 Td (court�) Tj ET Q q 0 0 0 rg BT 198.75 606.60 Td (s ) Tj ET Q q 0 0 0 rg BT 204.91 606.60 Td (ruling ) Tj ET Q q 0 0 0 rg BT 231.05 606.60 Td (on ) Tj ET Q q 0 0 0 rg BT 243.32 606.60 Td (appeal, ) Tj ET Q q 0 0 0 rg BT 274.17 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.65 606.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.79 606.60 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 374.81 606.60 Td (total ) Tj ET Q q 0 0 0 rg BT 394.85 606.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 437.10 606.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 474.35 606.60 Td (would ) Tj ET Q q 0 0 0 rg BT 501.61 606.60 Td (equal ) Tj ET Q q 0 0 0 rg BT 525.52 606.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 606.60 Td ($46.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 80.88 594.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 122.23 594.60 Td (cap ) Tj ET Q q 0 0 0 rg BT 138.60 594.60 Td (under ) Tj ET Q q 0 0 0 rg BT 163.86 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.57 594.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 208.83 594.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 237.99 594.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 272.68 594.60 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.84 594.60 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 311.83 594.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.73 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 343.22 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.04 594.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 397.62 594.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 420.11 594.60 Td (\(through ) Tj ET Q q 0 0 0 rg BT 457.04 594.60 Td (December ) Tj ET Q q 0 0 0 rg BT 500.61 594.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 515.60 594.60 Td (2019\), ) Tj ET Q q 0 0 0 rg BT 543.92 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 558.07 594.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (total ) Tj ET Q q 0 0 0 rg BT 69.85 582.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.75 582.60 Td ($51.2 ) Tj ET Q q 0 0 0 rg BT 105.82 582.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.71 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 139.79 582.60 Td (which ) Tj ET Q q 0 0 0 rg BT 166.80 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 176.04 582.60 Td (included ) Tj ET Q q 0 0 0 rg BT 213.05 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 223.40 582.60 Td (�Other ) Tj ET Q q 0 0 0 rg BT 253.18 582.60 Td (liabilities� ) Tj ET Q q 0 0 0 rg BT 297.41 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 307.76 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.67 582.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 379.01 582.60 Td (Balance ) Tj ET Q q 0 0 0 rg BT 413.79 582.60 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 442.47 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 453.37 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.28 582.60 Td (December ) Tj ET Q q 0 0 0 rg BT 507.93 582.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 523.01 582.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 548.08 582.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td ($49.4 ) Tj ET Q q 0 0 0 rg BT 75.07 570.60 Td (million ) Tj ET Q q 0 0 0 rg BT 107.03 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.43 570.60 Td (which ) Tj ET Q q 0 0 0 rg BT 145.94 570.60 Td (was ) Tj ET Q q 0 0 0 rg BT 164.56 570.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 198.72 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 209.57 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.85 570.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 252.36 570.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 283.75 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.15 570.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 320.72 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 323.57 570.60 Td (The ) Tj ET Q q 0 0 0 rg BT 342.18 570.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.14 570.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 423.31 570.60 Td (has ) Tj ET Q q 0 0 0 rg BT 439.71 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 447.21 570.60 Td ($32.8 ) Tj ET Q q 0 0 0 rg BT 472.78 570.60 Td (million ) Tj ET Q q 0 0 0 rg BT 504.75 570.60 Td (letter ) Tj ET Q q 0 0 0 rg BT 528.36 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 539.76 570.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (posted ) Tj ET Q q 0 0 0 rg BT 78.11 558.60 Td (as ) Tj ET Q q 0 0 0 rg BT 88.94 558.60 Td (security ) Tj ET Q q 0 0 0 rg BT 123.09 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 133.37 558.60 Td (this ) Tj ET Q q 0 0 0 rg BT 150.32 558.60 Td (case ) Tj ET Q q 0 0 0 rg BT 170.03 558.60 Td (as ) Tj ET Q q 0 0 0 rg BT 180.86 558.60 Td (part ) Tj ET Q q 0 0 0 rg BT 198.90 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.73 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.45 558.60 Td (appeal ) Tj ET Q q 0 0 0 rg BT 253.04 558.60 Td (process.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 533.03505859375 m 186.5166015625 533.03505859375 l s q 0 0 0 rg BT 49.50 534.60 Td (Item 4.��Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 178.19 534.60 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (Not applicable.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 726.75 Td ( II) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 524.48046875 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item 5.��Market for) Tj ET Q q 0 0 0 rg BT 131.79 702.75 Td ( Registrant�) Tj ET Q q 0 0 0 rg BT 182.23 702.75 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 258.92 702.75 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 350.68 702.75 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 434.10 702.75 Td ( Pur) Tj ET Q q 0 0 0 rg BT 452.53 702.75 Td (chases of Equity ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 689.18505859375 m 91.1552734375 689.18505859375 l s q 0 0 0 rg BT 49.50 690.75 Td (Securities) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (Market ) Tj ET Q q 0 0 0 rg BT 80.88 666.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 131.16 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 148.66 666.75 Td (Holders ) Tj ET Q q 0 0 0 rg BT 183.38 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.66 666.75 Td (Recor) Tj ET Q q 0 0 0 rg BT 217.16 666.75 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.75 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 105.27 642.75 Td (s ) Tj ET Q q 0 0 0 rg BT 111.14 642.75 Td (common ) Tj ET Q q 0 0 0 rg BT 148.11 642.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 171.20 642.75 Td (is ) Tj ET Q q 0 0 0 rg BT 179.85 642.75 Td (listed ) Tj ET Q q 0 0 0 rg BT 203.49 642.75 Td (on ) Tj ET Q q 0 0 0 rg BT 215.47 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 229.67 642.75 Td (New ) Tj ET Q q 0 0 0 rg BT 250.24 642.75 Td (Y) Tj ET Q q 0 0 0 rg BT 256.46 642.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 271.77 642.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 296.52 642.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 337.93 642.75 Td (under ) Tj ET Q q 0 0 0 rg BT 362.67 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 376.87 642.75 Td (symbol ) Tj ET Q q 0 0 0 rg BT 408.30 642.75 Td (�DNR.� ) Tj ET Q q 0 0 0 rg BT 442.77 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 444.31 642.75 Td (As ) Tj ET Q q 0 0 0 rg BT 457.40 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 467.71 642.75 Td (January ) Tj ET Q q 0 0 0 rg BT 500.79 642.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 515.27 642.75 Td (2020, ) Tj ET Q q 0 0 0 rg BT 539.74 642.75 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 61.27 630.75 Td (information ) Tj ET Q q 0 0 0 rg BT 110.25 630.75 Td (from ) Tj ET Q q 0 0 0 rg BT 131.45 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 145.43 630.75 Td (Company�) Tj ET Q q 0 0 0 rg BT 187.10 630.75 Td (s ) Tj ET Q q 0 0 0 rg BT 192.76 630.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 225.06 630.75 Td (agent, ) Tj ET Q q 0 0 0 rg BT 250.98 630.75 Td (Broadridge ) Tj ET Q q 0 0 0 rg BT 297.73 630.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 322.15 630.75 Td (T) Tj ET Q q 0 0 0 rg BT 327.91 630.75 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 357.04 630.75 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 385.75 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 399.73 630.75 Td (number ) Tj ET Q q 0 0 0 rg BT 432.05 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 442.14 630.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 473.35 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 483.44 630.75 Td (record ) Tj ET Q q 0 0 0 rg BT 510.75 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 520.84 630.75 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 558.61 630.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 618.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.60 618.75 Td (was ) Tj ET Q q 0 0 0 rg BT 128.66 618.75 Td (1,169.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 570.75 Td (e ) Tj ET Q q 0 0 0 rg BT 82.24 570.75 Td (have ) Tj ET Q q 0 0 0 rg BT 102.77 570.75 Td (not ) Tj ET Q q 0 0 0 rg BT 117.21 570.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 136.08 570.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 176.63 570.75 Td (on ) Tj ET Q q 0 0 0 rg BT 188.29 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 203.28 570.75 Td (common ) Tj ET Q q 0 0 0 rg BT 239.93 570.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 262.70 570.75 Td (since ) Tj ET Q q 0 0 0 rg BT 284.91 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.78 570.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 324.88 570.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 354.86 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 364.84 570.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 386.50 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 402.60 570.75 Td (have ) Tj ET Q q 0 0 0 rg BT 423.14 570.75 Td (no ) Tj ET Q q 0 0 0 rg BT 434.80 570.75 Td (current ) Tj ET Q q 0 0 0 rg BT 464.77 570.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 487.54 570.75 Td (to ) Tj ET Q q 0 0 0 rg BT 496.98 570.75 Td (resume ) Tj ET Q q 0 0 0 rg BT 527.51 570.75 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.62 558.75 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 118.01 558.75 Td ( ) Tj ET Q q 0 0 0 rg BT 121.02 558.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 139.58 558.75 Td (Bank ) Tj ET Q q 0 0 0 rg BT 163.70 558.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 191.04 558.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 238.47 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 255.92 558.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 283.37 558.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 316.92 558.75 Td (second ) Tj ET Q q 0 0 0 rg BT 347.69 558.75 Td (lien, ) Tj ET Q q 0 0 0 rg BT 368.20 558.75 Td (convertible ) Tj ET Q q 0 0 0 rg BT 416.19 558.75 Td (senior) Tj ET Q q 0 0 0 rg BT 440.23 558.75 Td (, ) Tj ET Q q 0 0 0 rg BT 445.74 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.18 558.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 490.63 558.75 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 545.30 558.75 Td (note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 93.18 546.75 Td (require ) Tj ET Q q 0 0 0 rg BT 123.51 546.75 Td (us ) Tj ET Q q 0 0 0 rg BT 134.42 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 144.22 546.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 165.68 546.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 194.90 546.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.90 546.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 273.91 546.75 Td (at ) Tj ET Q q 0 0 0 rg BT 283.14 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 297.38 546.75 Td (time ) Tj ET Q q 0 0 0 rg BT 317.17 546.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 354.19 546.75 Td (payments ) Tj ET Q q 0 0 0 rg BT 394.54 546.75 Td (are ) Tj ET Q q 0 0 0 rg BT 408.76 546.75 Td (made. ) Tj ET Q q 0 0 0 rg BT 434.94 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 436.96 546.75 Td (For ) Tj ET Q q 0 0 0 rg BT 452.87 546.75 Td (further ) Tj ET Q q 0 0 0 rg BT 482.10 546.75 Td (discussion, ) Tj ET Q q 0 0 0 rg BT 528.29 546.75 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.08 546.75 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 534.75 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 59.50 534.75 Td (Long-T) Tj ET Q q 0 0 0 rg BT 88.04 534.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 106.09 534.75 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.53 534.75 Td (, ) Tj ET Q q 0 0 0 rg BT 130.53 534.75 Td (to ) Tj ET Q q 0 0 0 rg BT 140.80 534.75 Td (the ) Tj ET Q q 0 0 0 rg BT 155.52 534.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 210.79 534.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 250.51 534.75 Td (Statements.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.13 510.75 Td (chases ) Tj ET Q q 0 0 0 rg BT 93.29 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 103.57 510.75 Td (Equity ) Tj ET Q q 0 0 0 rg BT 132.17 510.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 174.10 510.75 Td (by ) Tj ET Q q 0 0 0 rg BT 186.04 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 200.76 510.75 Td (Issuer ) Tj ET Q q 0 0 0 rg BT 227.70 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 245.02 510.75 Td (Affiliated ) Tj ET Q q 0 0 0 rg BT 284.74 510.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 299.37 510.75 Td (chasers) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.50 452.25 190.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.50 452.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.50 452.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 452.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 452.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.50 452.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.50 452.25 85.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 467.50 452.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.50 452.25 89.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.50 422.25 190.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.50 422.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.50 422.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 422.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 422.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.50 422.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.50 422.25 85.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 467.50 422.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.50 422.25 89.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 452.25 m 240.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 452.25 m 309.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 452.25 m 378.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 452.25 m 467.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 452.25 m 560.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 452.25 m 560.5 452.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 407.25 m 309.5 407.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 407.25 m 467.5 407.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 393.25 m 309.5 393.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 391.25 m 309.5 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 393.25 m 467.5 393.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 391.25 m 467.5 391.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.30 456.50 Td (Month) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.20 472.50 Td (T) Tj ET Q q 0 0 0 rg BT 258.53 472.50 Td (otal Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.50 464.50 Td (of Shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.00 456.50 Td (Purchased) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 289.88 460.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.00 464.50 Td (A) Tj ET Q q 0 0 0 rg BT 328.48 464.50 Td (verage Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.15 456.50 Td (Paid per Share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.20 480.50 Td (T) Tj ET Q q 0 0 0 rg BT 390.53 480.50 Td (otal Number of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.95 472.50 Td (Purchased as Part of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.90 464.50 Td (Publicly ) Tj ET Q q 0 0 0 rg BT 420.13 464.50 Td (Announced) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.15 456.50 Td (Plans or Programs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.15 488.50 Td (Approximate Dollar ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.05 480.50 Td (V) Tj ET Q q 0 0 0 rg BT 479.94 480.50 Td (alue of Shares that May ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.20 472.50 Td (Y) Tj ET Q q 0 0 0 rg BT 481.18 472.50 Td (et Be Purchased Under ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.25 464.50 Td (the Plans or Programs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.55 456.50 Td ( \(in millions\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 533.33 460.13 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.92 Td (October 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 441.92 Td (20,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 441.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 441.92 Td (1.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 441.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 441.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 441.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 426.92 Td (November 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 426.92 Td (1,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 426.92 Td (1.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 426.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 426.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.92 Td (December 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 411.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 411.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 411.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 411.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.92 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 396.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 396.92 Td (21,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 396.92 Td (�) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 368.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 96.71 368.75 Td (purchased ) Tj ET Q q 0 0 0 rg BT 139.80 368.75 Td (during ) Tj ET Q q 0 0 0 rg BT 168.46 368.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.23 368.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 210.22 368.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 241.09 368.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.98 368.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.98 368.75 Td ( ) Tj ET Q q 0 0 0 rg BT 274.53 368.75 Td (were ) Tj ET Q q 0 0 0 rg BT 296.51 368.75 Td (made ) Tj ET Q q 0 0 0 rg BT 320.72 368.75 Td (in ) Tj ET Q q 0 0 0 rg BT 331.05 368.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 377.47 368.75 Td (with ) Tj ET Q q 0 0 0 rg BT 397.80 368.75 Td (the ) Tj ET Q q 0 0 0 rg BT 412.57 368.75 Td (surrender ) Tj ET Q q 0 0 0 rg BT 452.89 368.75 Td (of ) Tj ET Q q 0 0 0 rg BT 463.77 368.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 491.31 368.75 Td (by ) Tj ET Q q 0 0 0 rg BT 503.86 368.75 Td (our ) Tj ET Q q 0 0 0 rg BT 519.75 368.75 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 356.75 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 356.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 106.39 356.75 Td (their ) Tj ET Q q 0 0 0 rg BT 127.21 356.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.93 356.75 Td (withholding ) Tj ET Q q 0 0 0 rg BT 192.76 356.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 247.47 356.75 Td (related ) Tj ET Q q 0 0 0 rg BT 277.17 356.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.45 356.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.16 356.75 Td (vesting ) Tj ET Q q 0 0 0 rg BT 333.55 356.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.38 356.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 384.08 356.75 Td (shares.) 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404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 404.25 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 404.25 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 370.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 336.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 310.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 284.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 258.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 232.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 206.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 180.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 154.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 128.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 128.25 59.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 703.25 m 309.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 703.25 m 313.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 703.25 m 372.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 703.25 m 376.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 703.25 m 435.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 703.25 m 439.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 703.25 m 498.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 703.25 m 502.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.25 m 561.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.25 m 246.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 703.25 m 309.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 690.25 m 309.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 703.25 m 372.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 690.25 m 372.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 703.25 m 435.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 690.25 m 435.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 703.25 m 498.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 690.25 m 498.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.25 m 561.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 690.25 m 561.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 638.25 m 309.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 638.25 m 372.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 638.25 m 435.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 638.25 m 498.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 638.25 m 561.5 638.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 707.50 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.45 707.50 Td (Y) Tj ET Q q 0 0 0 rg BT 368.83 707.50 Td (ear Ended December 31,) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 52.00 694.50 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 130.04 694.50 Td (-shar) Tj ET Q q 0 0 0 rg BT 146.64 694.50 Td (e data or otherwise noted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 694.50 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.50 694.50 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.50 694.50 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 694.50 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.50 694.50 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 681.48 Td (Consolidated Statements of Operations data) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 668.50 Td (Revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 655.50 Td (Oil, natural gas, and related product sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 655.50 Td (1,212,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 655.50 Td (1,422,589) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 655.50 Td (1,089,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 655.50 Td (935,751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 655.50 Td (1,213,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 642.50 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 642.50 Td (62,863) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 642.50 Td (51,036) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 642.50 Td (40,120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 642.50 Td (39,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 642.50 Td (44,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 629.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 629.50 Td (otal revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 629.50 Td (1,274,883) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 629.50 Td (1,473,625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 629.50 Td (1,129,786) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 629.50 Td (975,596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 629.50 Td (1,257,560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 616.50 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 108.88 620.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 616.50 Td (216,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 616.50 Td (322,698) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 616.50 Td (163,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 616.50 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 616.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 616.50 Td (\(4,385,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 616.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 603.50 Td (Net income \(loss\) per common share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 590.50 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 81.77 594.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 590.50 Td (0.47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 590.50 Td (0.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 590.50 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.60 590.50 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 590.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 590.50 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 590.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 577.50 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 88.00 581.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 577.50 Td (0.45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 577.50 Td (0.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 577.50 Td (0.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.60 577.50 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 577.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 577.50 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 577.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 564.50 Td (Dividends declared per common share) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 175.07 568.13 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 564.50 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.30 564.50 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 564.50 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 564.50 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 564.50 Td (0.1875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 551.50 Td (W) Tj ET Q q 0 0 0 rg BT 59.23 551.50 Td (eighted average number of common shares outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 538.50 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 538.50 Td (459,524) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 538.50 Td (432,483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 538.50 Td (390,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 538.50 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 538.50 Td (348,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 525.50 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 525.50 Td (510,341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 525.50 Td (456,169) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 525.50 Td (395,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 525.50 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 525.50 Td (348,802) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 512.48 Td (Consolidated Statements of Cash Flows data) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 499.50 Td (Cash provided by \(used in\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 486.50 Td (Operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 486.50 Td (494,143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 486.50 Td (529,685) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 486.50 Td (267,143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 486.50 Td (219,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 486.50 Td (864,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 473.50 Td (Investing activities) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 124.65 477.13 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.60 473.50 Td (\(269,692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.60 473.50 Td (\(333,276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.60 473.50 Td (\(356,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 473.50 Td (\(204,663) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 473.50 Td (\(549,730) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 460.50 Td (Financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.60 460.50 Td (\(246,355) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.60 460.50 Td (\(157,452) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 460.50 Td (88,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.60 460.50 Td (\(15,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 460.50 Td (\(334,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 460.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 447.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 447.48 Td (oduction \(average daily\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 434.50 Td (Oil \(Bbls\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 434.50 Td (56,672) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 434.50 Td (58,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 434.50 Td (58,410) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 434.50 Td (61,440) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 434.50 Td (69,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 421.50 Td (Natural gas \(Mcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 421.50 Td (9,246) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 421.50 Td (10,854) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 421.50 Td (1) Tj ET Q q 0 0 0 rg BT 414.30 421.50 Td (1,329) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 421.50 Td (15,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 421.50 Td (22,172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 408.50 Td (BOE \(6:1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 408.50 Td (58,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 408.50 Td (60,341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 408.50 Td (60,298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 408.50 Td (64,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 408.50 Td (72,861) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 395.48 Td (Unit sales prices � excluding impact of derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 387.48 Td (settlements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 374.50 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 374.50 Td (58.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 374.50 Td (66.1) Tj ET Q q 0 0 0 rg BT 365.30 374.50 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 374.50 Td (50.64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 374.50 Td (41.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 374.50 Td (47.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 361.50 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 361.50 Td (2.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 361.50 Td (2.58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 361.50 Td (2.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 361.50 Td (1.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 361.50 Td (2.35) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 348.48 Td (Unit sales prices � including impact of derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 340.48 Td (settlements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 327.50 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 327.50 Td (59.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 327.50 Td (57.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 327.50 Td (48.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 327.50 Td (44.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 327.50 Td (67.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 314.50 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 314.50 Td (2.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 314.50 Td (2.58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 314.50 Td (2.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 314.50 Td (1.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 314.50 Td (2.83) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 301.48 Td (Costs per) Tj ET Q q 0 0 0 rg BT 84.15 301.48 Td ( BOE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 288.50 Td (Lease operating expenses) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 145.74 292.13 Td (\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 288.50 Td (22.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 288.50 Td (22.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 288.50 Td (20.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 288.50 Td (17.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 288.50 Td (19.37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 275.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 275.50 Td (axes other than income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 275.50 Td (4.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 275.50 Td (4.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 275.50 Td (3.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 275.50 Td (3.33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 275.50 Td (4.13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 262.50 Td (General and administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 262.50 Td (3.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 262.50 Td (3.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 262.50 Td (4.63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 262.50 Td (4.69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 262.50 Td (5.44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 249.50 Td (Depletion, depreciation, and amortization) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 197.06 253.13 Td (\(5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 249.50 Td (1) Tj ET Q q 0 0 0 rg BT 292.30 249.50 Td (1.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 249.50 Td (9.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 249.50 Td (9.44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 249.50 Td (36.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 249.50 Td (19.99) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 236.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 236.48 Td (oved oil and natural gas r) Tj ET Q q 0 0 0 rg BT 147.56 236.48 Td (eserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 223.50 Td (Oil \(MBbls\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 223.50 Td (226,133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 223.50 Td (255,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 223.50 Td (252,625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 223.50 Td (247,103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 223.50 Td (282,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 210.50 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 210.50 Td (24,334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 210.50 Td (43,008) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 210.50 Td (42,721) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 210.50 Td (44,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 210.50 Td (38,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 197.50 Td (MBOE \(6:1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 197.50 Td (230,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 197.50 Td (262,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 197.50 Td (259,745) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 197.50 Td (254,489) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 197.50 Td (288,634) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 184.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 184.48 Td (oved carbon dioxide r) Tj ET Q q 0 0 0 rg BT 134.67 184.48 Td (eserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 171.50 Td (Gulf Coast region \(MMcf\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 149.09 175.13 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 171.50 Td (4,786,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 171.50 Td (4,982,440) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 171.50 Td (5,164,741) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 171.50 Td (5,332,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 171.50 Td (5,501,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 158.50 Td (Rocky Mountain region \(MMcf\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 168.20 162.13 Td (\(7\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 158.50 Td (1,120,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 158.50 Td (1,155,538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 158.50 Td (1,187,787) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 158.50 Td (1,214,428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 158.50 Td (1,237,603) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 145.48 Td (Consolidated Balance Sheets data) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 132.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 132.50 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 132.50 Td (4,691,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 132.50 Td (4,723,222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 132.50 Td (4,471,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 132.50 Td (4,274,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 132.50 Td (5,885,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 119.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 119.50 Td (otal long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 119.50 Td (2,915,366) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 119.50 Td (3,216,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 119.50 Td (3,365,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 119.50 Td (3,372,634) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 119.50 Td (4,263,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 106.50 Td (Stockholders�) Tj ET Q q 0 0 0 rg BT 107.84 106.50 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 106.50 Td (1,412,259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 106.50 Td (1,141,777) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 106.50 Td (648,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 106.50 Td (468,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 106.50 Td (1,248,912) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.96 726.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 134.86 726.60 Td (impairments ) Tj ET Q q 0 0 0 rg BT 187.44 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 198.35 726.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 224.27 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 235.18 726.60 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 265.26 726.60 Td (million ) Tj ET Q q 0 0 0 rg BT 296.74 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.76 726.60 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 333.85 726.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 362.55 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 376.79 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 391.59 726.60 Td (years ) Tj ET Q q 0 0 0 rg BT 415.27 726.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.74 726.60 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 500.40 726.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 522.99 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.01 726.60 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 115.16 714.60 Td (, ) Tj ET Q q 0 0 0 rg BT 120.24 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.25 714.60 Td (an ) Tj ET Q q 0 0 0 rg BT 149.27 714.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 196.80 714.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 248.80 714.60 Td (char) Tj ET Q q 0 0 0 rg BT 265.83 714.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 277.84 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.75 714.60 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 318.83 714.60 Td (million ) Tj ET Q q 0 0 0 rg BT 350.29 714.60 Td (related ) Tj ET Q q 0 0 0 rg BT 380.07 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.43 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.22 714.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 429.46 714.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 455.93 714.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.84 714.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 517.18 714.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 548.08 714.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (related ) Tj ET Q q 0 0 0 rg BT 97.20 702.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 123.03 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 137.19 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.91 702.60 Td (year ) Tj ET Q q 0 0 0 rg BT 171.62 702.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.99 702.60 Td (December ) Tj ET Q q 0 0 0 rg BT 241.58 702.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 256.58 702.60 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.23 678.60 Td (September ) Tj ET Q q 0 0 0 rg BT 123.39 678.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 148.29 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.47 678.60 Td (light ) Tj ET Q q 0 0 0 rg BT 179.21 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.94 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.55 678.60 Td (low ) Tj ET Q q 0 0 0 rg BT 221.95 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 234.91 678.60 Td (price ) Tj ET Q q 0 0 0 rg BT 257.29 678.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 310.24 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.08 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 342.81 678.60 Td (desire ) Tj ET Q q 0 0 0 rg BT 369.08 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 379.26 678.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 416.65 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.38 678.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 469.76 678.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 504.38 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.22 678.60 Td (flexibility) Tj ET Q q 0 0 0 rg BT 560.00 678.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 666.60 Td (Company�) Tj ET Q q 0 0 0 rg BT 123.88 666.60 Td (s ) Tj ET Q q 0 0 0 rg BT 130.27 666.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 157.21 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.04 666.60 Td (Directors ) Tj ET Q q 0 0 0 rg BT 207.75 666.60 Td (suspended ) Tj ET Q q 0 0 0 rg BT 251.91 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 267.74 666.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 306.33 666.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 326.60 666.60 Td (dividend.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (Reflects ) Tj ET Q q 0 0 0 rg BT 102.88 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.71 642.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 155.31 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.25 642.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 205.50 642.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 254.77 642.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 296.82 642.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 323.87 642.60 Td (\(�F) Tj ET Q q 0 0 0 rg BT 336.46 642.60 Td (ASB�\) ) Tj ET Q q 0 0 0 rg BT 365.72 642.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 414.98 642.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 457.04 642.60 Td (Update ) Tj ET Q q 0 0 0 rg BT 488.52 642.60 Td (\(�ASU�\) ) Tj ET Q q 0 0 0 rg BT 526.68 642.60 Td (2016-18, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 108.43 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.70 630.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 139.76 630.60 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.21 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 165.70 630.60 Td (\(�ASU ) Tj ET Q q 0 0 0 rg BT 194.97 630.60 Td (2016-18�\), ) Tj ET Q q 0 0 0 rg BT 240.07 630.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 275.99 630.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 309.69 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.97 630.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 357.67 630.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.93 630.60 Td (are ) Tj ET Q q 0 0 0 rg BT 390.63 630.60 Td (now ) Tj ET Q q 0 0 0 rg BT 409.35 630.60 Td (included ) Tj ET Q q 0 0 0 rg BT 445.28 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 454.55 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 468.27 630.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 520.30 630.60 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.61 618.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.17 618.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 123.67 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.33 618.60 Td (W) Tj ET Q q 0 0 0 rg BT 133.96 618.60 Td (e ) Tj ET Q q 0 0 0 rg BT 140.19 618.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 173.23 618.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 195.02 618.60 Td (2016-18 ) Tj ET Q q 0 0 0 rg BT 230.13 618.60 Td (ef) Tj ET Q q 0 0 0 rg BT 237.72 618.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 266.71 618.60 Td (January ) Tj ET Q q 0 0 0 rg BT 299.59 618.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 308.87 618.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 333.16 618.60 Td (which ) Tj ET Q q 0 0 0 rg BT 359.38 618.60 Td (was ) Tj ET Q q 0 0 0 rg BT 376.71 618.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 407.93 618.60 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 469.13 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 478.70 618.60 Td (all ) Tj ET Q q 0 0 0 rg BT 490.48 618.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 521.70 618.60 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (Lease ) Tj ET Q q 0 0 0 rg BT 92.46 594.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 131.87 594.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 169.62 594.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 204.58 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 214.01 594.60 Td (this ) Tj ET Q q 0 0 0 rg BT 230.10 594.60 Td (table ) Tj ET Q q 0 0 0 rg BT 251.18 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 264.49 594.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 286.14 594.60 Td (include ) Tj ET Q q 0 0 0 rg BT 317.22 594.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 346.07 594.60 Td (special ) Tj ET Q q 0 0 0 rg BT 375.48 594.60 Td (items ) Tj ET Q q 0 0 0 rg BT 398.79 594.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 442.09 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 452.07 594.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 465.38 594.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 487.01 594.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.42 594.60 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.90 582.60 Td (related ) Tj ET Q q 0 0 0 rg BT 115.06 582.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 156.34 582.60 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 200.38 582.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 238.32 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 249.06 582.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 291.44 582.60 Td (an ) Tj ET Q q 0 0 0 rg BT 303.83 582.60 Td (area ) Tj ET Q q 0 0 0 rg BT 323.44 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 334.73 582.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 359.91 582.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 385.93 582.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 400.55 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 407.95 582.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 470.89 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 485.51 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 492.91 582.60 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 538.62 582.60 Td (utility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 84.70 570.60 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 133.30 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 149.96 570.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 163.84 570.60 Td (other ) Tj ET Q q 0 0 0 rg BT 186.60 570.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 227.14 570.60 Td (recoveries. ) Tj ET Q q 0 0 0 rg BT 272.94 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 275.16 570.60 Td (If ) Tj ET Q q 0 0 0 rg BT 284.04 570.60 Td (these ) Tj ET Q q 0 0 0 rg BT 306.80 570.60 Td (special ) Tj ET Q q 0 0 0 rg BT 336.78 570.60 Td (items ) Tj ET Q q 0 0 0 rg BT 360.67 570.60 Td (are ) Tj ET Q q 0 0 0 rg BT 375.09 570.60 Td (excluded, ) Tj ET Q q 0 0 0 rg BT 415.90 570.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 438.11 570.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 478.09 570.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 516.41 570.60 Td (would ) Tj ET Q q 0 0 0 rg BT 543.63 570.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 97.21 558.60 Td ($528.8 ) Tj ET Q q 0 0 0 rg BT 127.21 558.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 161.10 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 171.93 558.60 Td ($19.88 ) Tj ET Q q 0 0 0 rg BT 201.93 558.60 Td (per ) Tj ET Q q 0 0 0 rg BT 217.20 558.60 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 242.20 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 256.36 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.08 558.60 Td (year ) Tj ET Q q 0 0 0 rg BT 290.79 558.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 317.16 558.60 Td (December ) Tj ET Q q 0 0 0 rg BT 360.75 558.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 375.75 558.60 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 112.72 534.60 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 167.93 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 185.66 534.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 239.48 534.60 Td (during ) Tj ET Q q 0 0 0 rg BT 268.88 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.38 534.60 Td (year ) Tj ET Q q 0 0 0 rg BT 304.88 534.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 332.05 534.60 Td (December ) Tj ET Q q 0 0 0 rg BT 376.42 534.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 392.21 534.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 415.50 534.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 452.11 534.60 Td (an ) Tj ET Q q 0 0 0 rg BT 464.84 534.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 513.08 534.60 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (char) Tj ET Q q 0 0 0 rg BT 84.53 522.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 96.46 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.29 522.60 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 137.29 522.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 171.19 522.60 Td (or ) Tj ET Q q 0 0 0 rg BT 182.02 522.60 Td ($25.23 ) Tj ET Q q 0 0 0 rg BT 212.02 522.60 Td (per ) Tj ET Q q 0 0 0 rg BT 227.29 522.60 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 252.29 522.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 295.88 522.60 Td (with ) Tj ET Q q 0 0 0 rg BT 316.16 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.87 522.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 355.04 522.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 381.43 522.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 397.26 522.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 442.52 522.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 473.34 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.28 522.60 Td (related ) Tj ET Q q 0 0 0 rg BT 519.99 522.60 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (Proved ) Tj ET Q q 0 0 0 rg BT 98.37 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.26 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.51 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.05 498.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 153.35 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.66 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.42 498.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 199.29 498.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 224.61 498.60 Td (region ) Tj ET Q q 0 0 0 rg BT 252.69 498.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 283.01 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.88 498.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 329.18 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 351.15 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 367.02 498.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 408.99 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 418.75 498.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 452.95 498.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 479.92 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.90 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 511.65 498.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 552.50 498.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 74.17 486.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 97.52 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 108.08 486.60 Td (8/8ths ) Tj ET Q q 0 0 0 rg BT 134.77 486.60 Td (working ) Tj ET Q q 0 0 0 rg BT 170.33 486.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.00 486.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 226.73 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.29 486.60 Td (which ) Tj ET Q q 0 0 0 rg BT 263.97 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 279.53 486.60 Td (net ) Tj ET Q q 0 0 0 rg BT 293.98 486.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.86 486.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.53 486.60 Td (was ) Tj ET Q q 0 0 0 rg BT 377.31 486.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.31 486.60 Td (3.8 ) Tj ET Q q 0 0 0 rg BT 451.88 486.60 Td (T) Tj ET Q q 0 0 0 rg BT 457.29 486.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.06 486.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.79 486.60 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.29 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.36 486.60 Td (T) Tj ET Q q 0 0 0 rg BT 489.77 486.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.28 486.60 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.78 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.85 486.60 Td (T) Tj ET Q q 0 0 0 rg BT 522.26 486.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.76 486.60 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.26 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.33 486.60 Td (T) Tj ET Q q 0 0 0 rg BT 554.74 486.60 Td (cf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.95 474.60 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.45 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(uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.48 641.25 Td (could ) Tj ET Q q 0 0 0 rg BT 90.69 641.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 114.88 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 130.20 641.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 156.06 641.25 Td (results ) Tj ET Q q 0 0 0 rg BT 184.15 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.92 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 205.34 641.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 247.87 641.25 Td (dif) Tj ET Q q 0 0 0 rg BT 258.80 641.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 284.10 641.25 Td (from ) Tj ET Q q 0 0 0 rg BT 305.53 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 320.84 641.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 388.37 641.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 435.07 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 437.05 641.25 Td (For ) Tj ET Q q 0 0 0 rg BT 452.93 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 459.36 641.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 503.02 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.33 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.54 641.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.92 629.25 Td (for ) Tj ET Q q 0 0 0 rg BT 93.90 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.43 629.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 134.40 629.25 Td (year ) Tj ET Q q 0 0 0 rg BT 154.92 629.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.12 629.25 Td (December ) Tj ET Q q 0 0 0 rg BT 226.52 629.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 242.33 629.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 268.15 629.25 Td (see ) Tj ET Q q 0 0 0 rg BT 284.23 629.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 303.66 629.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 316.13 629.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 337.77 629.25 Td (7, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 348.59 629.25 Td (Management�) Tj ET Q q 0 0 0 rg BT 402.83 629.25 Td (s ) Tj ET Q q 0 0 0 rg BT 410.04 629.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 457.25 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.32 629.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 512.53 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.62 629.25 Td (Financial ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 92.10 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.70 617.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 141.18 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.56 617.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.56 617.25 Td (, ) Tj ET Q q 0 0 0 rg BT 201.65 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.58 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 227.93 617.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 259.97 617.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 289.78 617.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.38 617.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 326.65 617.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 349.79 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.05 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.86 617.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 403.12 617.25 Td (year ) Tj ET Q q 0 0 0 rg BT 422.92 617.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 449.39 617.25 Td (December ) Tj ET Q q 0 0 0 rg BT 493.07 617.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 508.17 617.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 533.27 617.25 Td (as ) Tj ET Q q 0 0 0 rg BT 544.19 617.25 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.50 605.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 105.33 605.25 Td (on ) Tj ET Q q 0 0 0 rg BT 117.83 605.25 Td (March ) Tj ET Q q 0 0 0 rg BT 146.43 605.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 156.43 605.25 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (OVER) Tj ET Q q 0 0 0 rg BT 78.04 581.25 Td (VIEW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 557.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 105.13 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 114.44 557.25 Td (an ) Tj ET Q q 0 0 0 rg BT 126.52 557.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 178.03 557.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 191.22 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.30 557.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 238.70 557.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 254.67 557.25 Td (company ) Tj ET Q q 0 0 0 rg BT 293.97 557.25 Td (with ) Tj ET Q q 0 0 0 rg BT 314.38 557.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 358.68 557.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 392.42 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 402.83 557.25 Td (two ) Tj ET Q q 0 0 0 rg BT 420.47 557.25 Td (key ) Tj ET Q q 0 0 0 rg BT 437.55 557.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 477.95 557.25 Td (areas: ) Tj ET Q q 0 0 0 rg BT 503.91 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.76 557.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 539.73 557.25 Td (Coast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.57 545.25 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 95.30 545.25 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 136.82 545.25 Td (regions. ) Tj ET Q q 0 0 0 rg BT 171.39 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.01 545.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 192.19 545.25 Td (goal ) Tj ET Q q 0 0 0 rg BT 212.04 545.25 Td (is ) Tj ET Q q 0 0 0 rg BT 221.34 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.74 545.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 267.13 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.97 545.25 Td (value ) Tj ET Q q 0 0 0 rg BT 306.26 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.21 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 333.17 545.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 375.79 545.25 Td (through ) Tj ET Q q 0 0 0 rg BT 409.52 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.59 545.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 469.21 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.17 545.25 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 533.06 545.25 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.05 533.25 Td (proven ) Tj ET Q q 0 0 0 rg BT 95.93 533.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 145.25 533.25 Td (extraction ) Tj ET Q q 0 0 0 rg BT 187.34 533.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 227.49 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 247.38 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.71 533.25 Td (most ) Tj ET Q q 0 0 0 rg BT 283.27 533.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 327.60 533.25 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 366.93 533.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 399.58 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.47 533.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 423.37 531.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.61 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 428.73 533.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 468.60 533.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 481.27 533.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 518.35 533.25 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 509.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 83.26 509.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 107.88 509.25 Td (Impact ) Tj ET Q q 0 0 0 rg BT 140.85 509.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.83 509.25 Td (Our) Tj ET Q q 0 0 0 rg BT 171.43 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.85 509.25 Td (Business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.04 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.46 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.88 509.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 235.85 509.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.25 509.25 Td (results ) Tj ET Q q 0 0 0 rg BT 301.78 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 316.41 509.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 368.82 509.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 407.89 509.25 Td (by ) Tj ET Q q 0 0 0 rg BT 420.31 509.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 454.94 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.14 509.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 478.12 509.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 506.92 509.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.67 509.25 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.42 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 509.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (production ) Tj ET Q q 0 0 0 rg BT 94.96 497.25 Td (is ) Tj ET Q q 0 0 0 rg BT 103.76 497.25 Td (oil. ) Tj ET Q q 0 0 0 rg BT 118.95 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.08 497.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 157.65 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.57 497.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 180.25 497.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 206.26 497.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 235.61 497.25 Td (all ) Tj ET Q q 0 0 0 rg BT 247.74 497.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 278.75 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.21 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.67 497.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 343.20 497.25 Td (most ) Tj ET Q q 0 0 0 rg BT 364.78 497.25 Td (notably ) Tj ET Q q 0 0 0 rg BT 396.91 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 412.37 497.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.27 497.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 456.63 497.25 Td (from ) Tj ET Q q 0 0 0 rg BT 478.20 497.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 524.48 497.25 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.87 485.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 94.45 485.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 135.81 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.18 485.25 Td (budgeting ) Tj ET Q q 0 0 0 rg BT 194.11 485.25 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 235.75 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.55 485.25 Td (The ) Tj ET Q q 0 0 0 rg BT 255.02 485.25 Td (table ) Tj ET Q q 0 0 0 rg BT 276.39 485.25 Td (below ) Tj ET Q q 0 0 0 rg BT 302.76 485.25 Td (outlines ) Tj ET Q q 0 0 0 rg BT 336.35 485.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 370.49 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.20 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.46 485.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 429.04 485.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 441.52 485.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 467.33 485.25 Td (over ) Tj ET Q q 0 0 0 rg BT 487.03 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.18 485.25 Td (last ) Tj ET Q q 0 0 0 rg BT 517.00 485.25 Td (three ) Tj ET Q q 0 0 0 rg BT 538.91 485.25 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (before ) Tj ET Q q 0 0 0 rg BT 77.54 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.48 473.25 Td (after ) Tj ET Q q 0 0 0 rg BT 115.29 473.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 163.34 473.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 198.06 473.25 Td (impacts:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 432.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 432.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 432.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 432.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 402.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 402.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 402.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 402.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 447.75 m 425 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 447.75 m 429 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 447.75 m 494 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 447.75 m 498 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 447.75 m 563 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 447.75 m 425 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 432.75 m 425 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 447.75 m 429 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 447.75 m 494 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 432.75 m 494 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 447.75 m 498 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 447.75 m 563 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 432.75 m 563 432.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 452.42 Td (Y) Tj ET Q q 0 0 0 rg BT 414.67 452.42 Td (ear Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 437.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 437.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 437.42 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 422.43 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 422.43 Td (verage net r) Tj ET Q q 0 0 0 rg BT 109.88 422.43 Td (ealized prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 422.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 422.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 422.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 407.42 Td (Oil price per Bbl - excluding impact of derivative settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 407.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 407.42 Td (58.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 407.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 407.42 Td (66.1) Tj ET Q q 0 0 0 rg BT 485.15 407.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 407.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 407.42 Td (50.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 392.42 Td (Oil price per Bbl - including impact of derivative settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 392.42 Td (59.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 392.42 Td (57.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 392.42 Td (48.40) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 364.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 364.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.00 364.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 122.63 364.25 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 168.94 364.25 Td (with ) Tj ET Q q 0 0 0 rg BT 189.15 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.91 364.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 233.99 364.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 272.52 364.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 318.84 364.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 341.27 364.25 Td (despite ) Tj ET Q q 0 0 0 rg BT 372.02 364.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 385.01 364.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 411.31 364.25 Td (averaging ) Tj ET Q q 0 0 0 rg BT 453.16 364.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 481.14 364.25 Td (than ) Tj ET Q q 0 0 0 rg BT 500.78 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.43 364.25 Td ($50 ) Tj ET Q q 0 0 0 rg BT 532.86 364.25 Td (per ) Tj ET Q q 0 0 0 rg BT 548.05 364.25 Td (Bbl ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 88.35 352.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 101.09 352.25 Td (price ) Tj ET Q q 0 0 0 rg BT 123.27 352.25 Td (used ) Tj ET Q q 0 0 0 rg BT 143.78 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.75 352.25 Td (preparing ) Tj ET Q q 0 0 0 rg BT 194.25 352.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.77 352.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 231.95 352.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 260.79 352.25 Td (budget. ) Tj ET Q q 0 0 0 rg BT 292.69 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.88 352.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 312.62 352.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 334.80 352.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 363.64 352.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 413.03 352.25 Td (level ) Tj ET Q q 0 0 0 rg BT 434.65 352.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.17 352.25 Td ($236.9 ) Tj ET Q q 0 0 0 rg BT 474.85 352.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.75 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.93 352.25 Td (was ) Tj ET Q q 0 0 0 rg BT 523.67 352.25 Td (below ) Tj ET Q q 0 0 0 rg BT 550.29 352.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (low ) Tj ET Q q 0 0 0 rg BT 67.49 340.25 Td (end ) Tj ET Q q 0 0 0 rg BT 84.92 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.25 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 112.57 340.25 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 152.21 340.25 Td (range ) Tj ET Q q 0 0 0 rg BT 177.41 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.74 340.25 Td ($240 ) Tj ET Q q 0 0 0 rg BT 211.73 340.25 Td (million ) Tj ET Q q 0 0 0 rg BT 243.61 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.38 340.25 Td ($260 ) Tj ET Q q 0 0 0 rg BT 277.38 340.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 311.76 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.19 340.25 Td (we ) Tj ET Q q 0 0 0 rg BT 343.84 340.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 385.70 340.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 446.45 340.25 Td ($165 ) Tj ET Q q 0 0 0 rg BT 469.44 340.25 Td (million ) Tj ET Q q 0 0 0 rg BT 501.32 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.65 340.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 533.41 340.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 554.73 340.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 78.94 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.62 328.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 120.61 328.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 175.05 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.83 328.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 239.49 328.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 272.26 328.25 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 318.37 328.25 Td (working ) Tj ET Q q 0 0 0 rg BT 355.05 328.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 385.04 328.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 420.59 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.38 328.25 Td (severance-related ) Tj ET Q q 0 0 0 rg BT 511.67 328.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 549.72 328.25 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (including ) Tj ET Q q 0 0 0 rg BT 89.77 316.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 121.71 316.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 162.53 316.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 192.23 316.25 Td (as ) Tj ET Q q 0 0 0 rg BT 203.06 316.25 Td (repayment ) Tj ET Q q 0 0 0 rg BT 247.77 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.60 316.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 278.31 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 288.59 316.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.42 316.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.90 316.25 Td (statements\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 292.25 Td (Comparative ) Tj ET Q q 0 0 0 rg BT 126.15 292.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 168.70 292.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 202.36 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.04 292.25 Td (Highlights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.99 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.54 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.09 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 275.64 292.25 Td (During ) Tj ET Q q 0 0 0 rg BT 306.52 292.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 331.57 292.25 Td (we ) Tj ET Q q 0 0 0 rg BT 345.78 292.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 392.19 292.25 Td (net ) Tj ET Q q 0 0 0 rg BT 406.95 292.25 Td (income ) Tj ET Q q 0 0 0 rg BT 438.94 292.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.81 292.25 Td ($217.0 ) Tj ET Q q 0 0 0 rg BT 479.86 292.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.75 292.25 Td (, ) Tj ET Q q 0 0 0 rg BT 513.80 292.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.68 292.25 Td ($0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.18 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 549.73 292.25 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 79.52 280.25 Td (common ) Tj ET Q q 0 0 0 rg BT 116.76 280.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 142.61 280.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 184.28 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.31 280.25 Td (net ) Tj ET Q q 0 0 0 rg BT 208.77 280.25 Td (income ) Tj ET Q q 0 0 0 rg BT 240.45 280.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.03 280.25 Td ($322.7 ) Tj ET Q q 0 0 0 rg BT 280.78 280.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.67 280.25 Td (, ) Tj ET Q q 0 0 0 rg BT 314.42 280.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.99 280.25 Td ($0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.49 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.74 280.25 Td (per ) Tj ET Q q 0 0 0 rg BT 364.76 280.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 394.78 280.25 Td (common ) Tj ET Q q 0 0 0 rg BT 432.02 280.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 457.87 280.25 Td (during ) Tj ET Q q 0 0 0 rg BT 486.22 280.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 510.97 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.06 280.25 Td (The ) Tj ET Q q 0 0 0 rg BT 530.85 280.25 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (drivers ) Tj ET Q q 0 0 0 rg BT 79.77 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.60 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.43 268.25 Td (change ) Tj ET Q q 0 0 0 rg BT 137.24 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.52 268.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 187.79 268.25 Td (results ) Tj ET Q q 0 0 0 rg BT 216.39 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.33 268.25 Td (per ) Tj ET Q q 0 0 0 rg BT 248.60 268.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 278.88 268.25 Td (share ) Tj ET Q q 0 0 0 rg BT 302.47 268.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 338.86 268.25 Td (between ) Tj ET Q q 0 0 0 rg BT 374.68 268.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 397.18 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.11 268.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 436.61 268.25 Td (were ) Tj ET Q q 0 0 0 rg BT 458.54 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.26 268.25 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 83.05 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.27 244.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.81 244.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.91 244.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 185.23 244.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 227.42 244.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.19 244.25 Td ($210.6 ) Tj ET Q q 0 0 0 rg BT 270.47 244.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.36 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.14 244.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.47 244.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 244.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 332.40 244.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.96 244.25 Td (1) Tj ET Q q 0 0 0 rg BT 357.59 244.25 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.92 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.69 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.80 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.79 244.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 436.98 244.25 Td (due ) Tj ET Q q 0 0 0 rg BT 454.19 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.75 244.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 490.29 244.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 538.62 244.25 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 232.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.90 232.25 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.23 232.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.18 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.47 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.64 232.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 165.01 232.25 Td (due ) Tj ET Q q 0 0 0 rg BT 182.41 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.14 232.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 218.87 232.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 267.65 232.25 Td (of) Tj ET Q q 0 0 0 rg BT 275.80 232.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 293.19 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.93 232.25 Td (part ) Tj ET Q q 0 0 0 rg BT 322.43 232.25 Td (by ) Tj ET Q q 0 0 0 rg BT 335.39 232.25 Td (an ) Tj ET Q q 0 0 0 rg BT 347.78 232.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 404.06 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.79 232.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 457.73 232.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 506.24 232.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 554.19 232.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.25 Td ($198.8 ) Tj ET Q q 0 0 0 rg BT 97.50 220.25 Td (million ) Tj ET Q q 0 0 0 rg BT 128.89 220.25 Td (from ) Tj ET Q q 0 0 0 rg BT 150.83 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.55 220.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 187.49 220.25 Td (year;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 117.57 208.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 159.83 208.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 194.32 208.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 234.36 208.25 Td (by ) Tj ET Q q 0 0 0 rg BT 246.65 208.25 Td ($91.2 ) Tj ET Q q 0 0 0 rg BT 271.43 208.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 305.11 208.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 342.38 208.25 Td (from ) Tj ET Q q 0 0 0 rg BT 364.11 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.83 208.25 Td ($198.8 ) Tj ET Q q 0 0 0 rg BT 400.61 208.25 Td (million ) Tj ET Q q 0 0 0 rg BT 431.79 208.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 487.39 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.46 208.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 517.51 208.25 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.25 Td (\($175.2 ) Tj ET Q q 0 0 0 rg BT 101.12 196.25 Td (million ) Tj ET Q q 0 0 0 rg BT 132.81 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.93 196.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.49 196.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 205.61 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.18 196.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 238.97 196.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 281.18 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.75 196.25 Td ($23.6 ) Tj ET Q q 0 0 0 rg BT 317.05 196.25 Td (million ) Tj ET Q q 0 0 0 rg BT 348.73 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.85 196.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 380.41 196.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 414.30 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.87 196.25 Td (2019\) ) Tj ET Q q 0 0 0 rg BT 450.99 196.25 Td (which ) Tj ET Q q 0 0 0 rg BT 478.22 196.25 Td (was ) Tj ET Q q 0 0 0 rg BT 496.56 196.25 Td (more ) Tj ET Q q 0 0 0 rg BT 519.90 196.25 Td (than ) Tj ET Q q 0 0 0 rg BT 539.91 196.25 Td (of) Tj ET Q q 0 0 0 rg BT 548.06 196.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 184.25 Td (by ) Tj ET Q q 0 0 0 rg BT 80.00 184.25 Td ($290.0 ) Tj ET Q q 0 0 0 rg BT 110.00 184.25 Td (million ) Tj ET Q q 0 0 0 rg BT 141.39 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.22 184.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 186.93 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 201.09 184.25 Td (noncash ) Tj ET Q q 0 0 0 rg BT 236.36 184.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 252.73 184.25 Td (value ) Tj ET Q q 0 0 0 rg BT 276.89 184.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 311.60 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.88 184.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 369.93 184.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 416.30 184.25 Td (between ) Tj ET Q q 0 0 0 rg BT 452.11 184.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 474.61 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.55 184.25 Td (2019;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.67 172.25 Td (noncash ) Tj ET Q q 0 0 0 rg BT 111.94 172.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 131.66 172.25 Td (on ) Tj ET Q q 0 0 0 rg BT 144.16 172.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 163.87 172.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 228.03 172.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.86 172.25 Td ($156.0 ) Tj ET Q q 0 0 0 rg BT 268.86 172.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.75 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.25 172.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.53 172.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 333.03 172.25 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 351.63 172.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 374.13 172.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 396.07 172.25 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 439.11 172.25 Td (T) Tj ET Q q 0 0 0 rg BT 444.12 172.25 Td (ransactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.29 172.25 Td (below\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 160.25 Td ($18.6 ) Tj ET Q q 0 0 0 rg BT 92.15 160.25 Td (million ) Tj ET Q q 0 0 0 rg BT 123.18 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.66 160.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 175.22 160.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 209.57 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.49 160.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 241.64 160.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 284.88 160.25 Td (with ) Tj ET Q q 0 0 0 rg BT 304.80 160.25 Td (our ) Tj ET Q q 0 0 0 rg BT 320.27 160.25 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 360.74 160.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 403.98 160.25 Td (program ) Tj ET Q q 0 0 0 rg BT 440.00 160.25 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 458.25 160.25 Td (December ) Tj ET Q q 0 0 0 rg BT 501.48 160.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.48 160.25 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 523.63 160.25 Td (V) Tj ET Q q 0 0 0 rg BT 528.63 160.25 Td (oluntary ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 148.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 113.89 148.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 123.52 148.25 Td (ogram) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.63 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.13 148.25 Td (below\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 136.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 136.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.10 136.25 Td ($73.1 ) Tj ET Q q 0 0 0 rg BT 102.53 136.25 Td (million ) Tj ET Q q 0 0 0 rg BT 134.35 136.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 175.04 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.75 136.25 Td (other ) Tj ET Q q 0 0 0 rg BT 209.22 136.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 246.86 136.25 Td (as ) Tj ET Q q 0 0 0 rg BT 258.12 136.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 281.05 136.25 Td (included ) Tj ET Q q 0 0 0 rg BT 318.41 136.25 Td ($49.4 ) Tj ET Q q 0 0 0 rg BT 343.84 136.25 Td (million ) Tj ET Q q 0 0 0 rg BT 375.66 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.92 136.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 425.95 136.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 461.09 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.46 136.25 Td (a ) Tj ET Q q 0 0 0 rg BT 485.82 136.25 Td ($17.8 ) Tj ET Q q 0 0 0 rg BT 511.25 136.25 Td (million ) Tj ET Q q 0 0 0 rg BT 543.07 136.25 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 124.25 Td (impairment; ) Tj ET Q q 0 0 0 rg BT 118.88 124.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 112.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.28 112.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 115.27 112.25 Td (per ) Tj ET Q q 0 0 0 rg BT 130.27 112.25 Td (share ) Tj ET Q q 0 0 0 rg BT 153.59 112.25 Td (net ) Tj ET Q q 0 0 0 rg BT 168.03 112.25 Td (income ) Tj ET Q q 0 0 0 rg BT 199.69 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.69 112.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 231.91 112.25 Td (was ) Tj ET Q q 0 0 0 rg BT 249.69 112.25 Td (af) Tj ET Q q 0 0 0 rg BT 257.28 112.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 283.93 112.25 Td (by ) Tj ET Q q 0 0 0 rg BT 296.15 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.59 112.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 349.48 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.03 112.25 Td (an ) Tj ET Q q 0 0 0 rg BT 371.70 112.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 413.91 112.25 Td (90.9 ) Tj ET Q q 0 0 0 rg BT 433.64 112.25 Td (million ) Tj ET Q q 0 0 0 rg BT 464.75 112.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 491.97 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.52 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 112.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 558.63 112.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 100.25 Td (common ) Tj ET Q q 0 0 0 rg BT 104.21 100.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.04 100.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 160.98 100.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 182.70 100.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 228.29 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.34 100.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.39 100.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 300.09 100.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 326.25 100.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 349.07 100.25 Td (which ) Tj ET Q q 0 0 0 rg BT 375.23 100.25 Td (were ) Tj ET Q 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0 0 0 rg BT 302.27 76.25 Td (per ) Tj ET Q q 0 0 0 rg BT 318.10 76.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 356.71 76.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 375.23 76.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 76.25 Td (, ) Tj ET Q q 0 0 0 rg BT 384.67 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.95 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 76.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 464.94 76.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 504.65 76.25 Td (Statements\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.84 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.43 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.02 713.25 Td (During ) Tj ET Q q 0 0 0 rg BT 252.94 713.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 278.03 713.25 Td (we ) Tj ET Q q 0 0 0 rg BT 292.28 713.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 336.52 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 343.55 713.25 Td (series ) Tj ET Q q 0 0 0 rg BT 368.91 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.83 713.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 399.63 713.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 443.87 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.89 713.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 510.68 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.05 713.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 550.29 713.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 91.99 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.82 701.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.65 701.25 Td (outstanding ) Tj ET Q q 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ET Q q 0 0 0 rg BT 188.02 641.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 225.99 641.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 258.41 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.16 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 284.91 641.25 Td (new ) Tj ET Q q 0 0 0 rg BT 304.00 641.25 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 309.00 639.09 cm /I24 Do Q q 0 0 0 rg BT 316.50 641.25 Td (% ) Tj ET Q q 0 0 0 rg BT 327.25 641.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 376.89 641.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 405.42 641.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 431.17 641.25 Td (due ) Tj ET Q q 0 0 0 rg BT 448.03 641.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 470.46 641.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 488.43 641.25 Td (�2024 ) Tj ET Q q 0 0 0 rg BT 515.29 641.25 Td (Convertible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 629.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 114.11 629.25 Td (Notes�\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 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(and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.25 Td ($120.0 ) Tj ET Q q 0 0 0 rg BT 115.50 593.25 Td (million ) Tj ET Q q 0 0 0 rg BT 146.89 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.72 593.25 Td (cash.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.25 Td (During ) Tj ET Q q 0 0 0 rg BT 97.79 569.25 Td (June ) Tj ET Q q 0 0 0 rg BT 118.09 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.49 569.25 Td (July ) Tj ET Q q 0 0 0 rg BT 153.12 569.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 177.58 569.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.88 569.25 Td (part ) Tj ET Q q 0 0 0 rg BT 205.39 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.68 569.25 Td (creating ) Tj ET Q q 0 0 0 rg BT 249.84 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.25 569.25 Td (more ) Tj ET Q q 0 0 0 rg BT 278.75 569.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 304.05 569.25 Td (series ) Tj ET Q q 0 0 0 rg BT 328.78 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.08 569.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 371.58 569.25 Td (second ) Tj ET Q q 0 0 0 rg BT 401.31 569.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 418.27 569.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 437.45 569.25 Td (due ) Tj ET Q q 0 0 0 rg BT 453.85 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.59 569.25 Td (2024, ) Tj ET Q q 0 0 0 rg BT 488.05 569.25 Td (we ) Tj ET Q q 0 0 0 rg BT 501.67 569.25 Td (also ) Tj ET Q q 0 0 0 rg BT 519.75 569.25 Td (exchanged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 557.25 Td ($429.2 ) Tj ET Q q 0 0 0 rg BT 97.33 557.25 Td (million ) Tj ET Q q 0 0 0 rg BT 128.55 557.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 169.75 557.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 207.62 557.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 239.95 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.61 557.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 273.77 557.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 302.21 557.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 336.75 557.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 362.41 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 376.40 557.25 Td ($429.4 ) Tj ET Q q 0 0 0 rg BT 406.24 557.25 Td (million ) Tj ET Q q 0 0 0 rg BT 437.46 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.12 557.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 492.67 557.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 541.67 557.25 Td (7�% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 96.13 545.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 130.85 545.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 162.81 545.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 183.66 545.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 209.51 545.25 Td (due ) Tj ET Q q 0 0 0 rg BT 226.46 545.25 Td (2024. ) Tj ET Q q 0 0 0 rg BT 251.48 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 253.45 545.25 Td (As ) Tj ET Q q 0 0 0 rg BT 267.08 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 274.04 545.25 Td (result ) Tj ET Q q 0 0 0 rg BT 298.77 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.62 545.25 Td (all ) Tj ET Q q 0 0 0 rg BT 322.14 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.99 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.73 545.25 Td (above ) Tj ET Q q 0 0 0 rg BT 374.12 545.25 Td (June ) Tj ET Q q 0 0 0 rg BT 394.97 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.93 545.25 Td (July ) Tj ET Q q 0 0 0 rg BT 431.12 545.25 Td (note ) Tj ET Q q 0 0 0 rg BT 450.85 545.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 497.52 545.25 Td (we ) Tj ET Q q 0 0 0 rg BT 511.70 545.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 558.08 545.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 87.37 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 100.02 533.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 119.89 533.25 Td (extinguishment, ) Tj ET Q q 0 0 0 rg BT 186.71 533.25 Td (net ) Tj ET Q q 0 0 0 rg BT 201.57 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.56 533.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 259.08 533.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 284.24 533.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 317.44 533.25 Td ($100.5 ) Tj ET Q q 0 0 0 rg BT 347.59 533.25 Td (million ) Tj ET Q q 0 0 0 rg BT 379.14 533.25 Td (for ) Tj ET Q q 0 0 0 rg BT 393.45 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.32 533.25 Td (year ) Tj ET Q q 0 0 0 rg BT 428.18 533.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 454.71 533.25 Td (December ) Tj ET Q q 0 0 0 rg BT 498.45 533.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 513.60 533.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 538.75 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 533.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 521.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 122.77 521.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 169.16 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.99 521.25 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.25 Td (Between ) Tj ET Q q 0 0 0 rg BT 104.40 497.25 Td (August ) Tj ET Q q 0 0 0 rg BT 135.75 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.65 497.25 Td (November ) Tj ET Q q 0 0 0 rg BT 197.31 497.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 222.27 497.25 Td (we ) Tj ET Q q 0 0 0 rg BT 236.39 497.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 287.16 497.25 Td ($1) Tj ET Q q 0 0 0 rg BT 296.78 497.25 Td (12.1 ) Tj ET Q q 0 0 0 rg BT 316.74 497.25 Td (million ) Tj ET Q q 0 0 0 rg BT 348.09 497.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 411.64 497.25 Td (31%\) ) Tj ET Q q 0 0 0 rg BT 435.76 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.55 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 462.34 497.25 Td ($357.8 ) Tj ET Q q 0 0 0 rg BT 492.29 497.25 Td (million ) Tj ET Q q 0 0 0 rg BT 523.64 497.25 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 105.37 485.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 137.69 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.34 485.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 175.10 485.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 229.08 485.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 252.51 485.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 301.50 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 312.16 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.81 485.25 Td (June ) Tj ET Q q 0 0 0 rg BT 343.47 485.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 358.29 485.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 380.62 485.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.60 485.25 Td ($16.4 ) Tj ET Q q 0 0 0 rg BT 419.42 485.25 Td (million ) Tj ET Q q 0 0 0 rg BT 450.64 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.29 485.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.39 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.15 485.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 534.35 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.00 485.25 Td (38.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 473.25 Td (million ) Tj ET Q q 0 0 0 rg BT 99.01 473.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 126.61 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.56 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.39 473.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 194.05 473.25 Td (s ) Tj ET Q q 0 0 0 rg BT 200.56 473.25 Td (common ) Tj ET Q q 0 0 0 rg BT 238.17 473.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 264.39 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.01 473.25 Td (In ) Tj ET Q q 0 0 0 rg BT 277.95 473.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 324.44 473.25 Td (with ) Tj ET Q q 0 0 0 rg BT 344.83 473.25 Td (these ) Tj ET Q q 0 0 0 rg BT 367.99 473.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 420.87 473.25 Td (we ) Tj ET Q q 0 0 0 rg BT 435.15 473.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 481.62 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.68 473.25 Td ($55.5 ) Tj ET Q q 0 0 0 rg BT 513.79 473.25 Td (million ) Tj ET Q q 0 0 0 rg BT 545.30 473.25 Td (gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 461.25 Td (on ) Tj ET Q q 0 0 0 rg BT 79.77 461.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 99.25 461.25 Td (extinguishment, ) Tj ET Q q 0 0 0 rg BT 165.68 461.25 Td (net ) Tj ET Q q 0 0 0 rg BT 180.17 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.76 461.25 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 243.01 461.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 262.50 461.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 298.64 461.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 320.91 461.25 Td (written ) Tj ET Q q 0 0 0 rg BT 351.50 461.25 Td (of) Tj ET Q q 0 0 0 rg BT 359.65 461.25 Td (f, ) Tj ET Q q 0 0 0 rg BT 367.75 461.25 Td (during ) Tj ET Q q 0 0 0 rg BT 396.13 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.61 461.25 Td (year ) Tj ET Q q 0 0 0 rg BT 430.09 461.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 456.23 461.25 Td (December ) Tj ET Q q 0 0 0 rg BT 499.58 461.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 514.35 461.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 539.12 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 461.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 122.77 449.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 169.16 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.99 449.25 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 425.25 Td (table ) Tj ET Q q 0 0 0 rg BT 107.48 425.25 Td (below ) Tj ET Q q 0 0 0 rg BT 134.42 425.25 Td (details ) Tj ET Q q 0 0 0 rg BT 163.02 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.74 425.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 212.45 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 222.72 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 238.55 425.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 258.27 425.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 296.31 425.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 333.24 425.25 Td (from ) Tj ET Q q 0 0 0 rg BT 355.18 425.25 Td (December ) Tj ET Q q 0 0 0 rg BT 398.76 425.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 413.76 425.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 436.26 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.54 425.25 Td (December ) Tj ET Q q 0 0 0 rg BT 490.12 425.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 505.12 425.25 Td (2019:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 389.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 389.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 389.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 389.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 389.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 361.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 361.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 361.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 361.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 361.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 332.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 332.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 332.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 332.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 332.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 332.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 332.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 303.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 303.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 303.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 303.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 303.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 303.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 303.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 275.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 275.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 275.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 275.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 275.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 275.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 275.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 247.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 247.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 247.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 247.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 247.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 247.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 247.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 389.75 m 355 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 389.75 m 424 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 389.75 m 355 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 389.75 m 424 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 389.75 m 493 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 389.75 m 562 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 233.75 m 424 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 220.75 m 424 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 218.75 m 424 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 233.75 m 493 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 220.75 m 493 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 218.75 m 493 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 233.75 m 562 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 220.75 m 562 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 218.75 m 562 218.75 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 394.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.95 404.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 394.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.70 394.42 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.95 404.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 394.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 380.32 Td (Senior Secured Bank Credit ) Tj ET Q q 0 0 0 rg BT 165.64 380.32 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 380.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 380.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 380.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 380.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 380.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 380.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 366.32 Td (9% Senior Secured Second Lien Notes due 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 366.32 Td (614,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 366.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 366.32 Td (614,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 352.32 Td (9�% Senior Secured Second Lien Notes due 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 352.32 Td (455,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 352.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 352.32 Td (455,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 337.42 Td (7�% Senior Secured Second Lien Notes due 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 337.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 337.42 Td (531,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 337.42 Td (531,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 323.32 Td (7�% Senior Secured Second Lien Notes due 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 323.32 Td (450,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 323.37 Td (\(429,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 323.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 323.32 Td (20,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 307.93 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 11.91 56.50 305.34 cm /I25 Do Q q 0 0 0 rg BT 64.00 307.93 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.33 307.93 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 307.93 Td (Convertible Senior Notes due 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 308.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 308.42 Td (245,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 308.42 Td (245,548) Tj ET Q /GS0 gs q 170.53 0 0 9.09 51.50 292.16 cm /I26 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 294.32 Td (203,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 294.37 Td (\(152,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 294.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 294.32 Td (51,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 280.32 Td (5�% Senior Subordinated Notes due 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 280.32 Td (314,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 280.37 Td (\(256,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 280.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 280.32 Td (58,426) Tj ET Q /GS0 gs q 170.53 0 0 9.09 51.50 264.16 cm /I27 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 266.32 Td (307,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 266.37 Td (\(172,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 266.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 266.32 Td (135,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 252.32 Td (Pipeline financings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 252.32 Td (180,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 252.37 Td (\(12,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 252.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 252.32 Td (167,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 238.32 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 238.32 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 238.37 Td (\(5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 238.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 238.32 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 224.43 Td (T) Tj ET Q q 0 0 0 rg BT 69.25 224.43 Td (otal debt principal balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 224.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 224.32 Td (2,532,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 224.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 224.37 Td (\(250,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 224.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 224.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 224.32 Td (2,281,726) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 196.25 Td (July ) Tj ET Q q 0 0 0 rg BT 87.71 196.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 109.57 196.25 Td (Citr) Tj ET Q q 0 0 0 rg BT 127.16 196.25 Td (onelle ) Tj ET Q q 0 0 0 rg BT 154.02 196.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 177.55 196.25 Td (Divestitur) Tj ET Q q 0 0 0 rg BT 220.14 196.25 Td (e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.08 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.94 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.81 196.25 Td (On ) Tj ET Q q 0 0 0 rg BT 244.89 196.25 Td (July ) Tj ET Q q 0 0 0 rg BT 263.43 196.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 272.79 196.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 297.16 196.25 Td (we ) Tj ET Q q 0 0 0 rg BT 310.68 196.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 338.10 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.18 196.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 369.59 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.79 196.25 Td (one ) Tj ET Q q 0 0 0 rg BT 396.09 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.28 196.25 Td (our ) Tj ET Q q 0 0 0 rg BT 421.48 196.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 451.11 196.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 471.30 196.25 Td (Coast ) Tj ET Q q 0 0 0 rg BT 495.95 196.25 Td (fields, ) Tj ET Q q 0 0 0 rg BT 522.53 196.25 Td (Citronelle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (Field, ) Tj ET Q q 0 0 0 rg BT 75.06 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 89.22 184.25 Td ($10 ) Tj ET Q q 0 0 0 rg BT 106.72 184.25 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 160.25 Td (December) Tj ET Q q 0 0 0 rg BT 110.63 160.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.28 160.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 133.82 160.25 Td (V) Tj ET Q q 0 0 0 rg BT 140.13 160.25 Td (oluntary ) Tj ET Q q 0 0 0 rg BT 178.46 160.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 226.79 160.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 237.15 160.25 Td (ogram. ) Tj ET Q q 0 0 0 rg BT 269.08 160.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.74 160.25 Td (During ) Tj ET Q q 0 0 0 rg BT 300.73 160.25 Td (December ) Tj ET Q q 0 0 0 rg BT 343.47 160.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 367.63 160.25 Td (we ) Tj ET Q q 0 0 0 rg BT 380.95 160.25 Td (made ) Tj ET Q q 0 0 0 rg BT 404.26 160.25 Td (a ) Tj ET Q q 0 0 0 rg BT 410.36 160.25 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 450.35 160.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 493.10 160.25 Td (program ) Tj ET Q q 0 0 0 rg BT 528.63 160.25 Td (\(�VSP�\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.25 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 148.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 70.18 148.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.38 148.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 108.01 148.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 139.43 148.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 183.62 148.25 Td (as ) Tj ET Q q 0 0 0 rg BT 193.38 148.25 Td (part ) Tj ET Q q 0 0 0 rg BT 210.36 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.12 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.76 148.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 275.43 148.25 Td (s ) Tj ET Q q 0 0 0 rg BT 280.75 148.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 314.95 148.25 Td (ef) Tj ET Q q 0 0 0 rg BT 322.54 148.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 342.30 148.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.50 148.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 379.58 148.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 403.51 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.93 148.25 Td (One ) Tj ET Q q 0 0 0 rg BT 423.02 148.25 Td (hundred ) Tj ET Q q 0 0 0 rg BT 457.22 148.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 501.41 148.25 Td (\(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.25 Td (12% ) Tj ET Q q 0 0 0 rg BT 70.50 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.50 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.50 136.25 Td (workforce\) ) Tj ET Q q 0 0 0 rg BT 144.59 136.25 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 191.14 136.25 Td (chose ) Tj ET Q q 0 0 0 rg BT 216.58 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.03 136.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 271.89 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.34 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.04 136.25 Td (VSP) Tj ET Q q 0 0 0 rg BT 314.27 136.25 Td (, ) Tj ET Q q 0 0 0 rg BT 319.44 136.25 Td (comprising ) Tj ET Q q 0 0 0 rg BT 367.11 136.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 412.54 136.25 Td (both ) Tj ET Q q 0 0 0 rg BT 432.99 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.44 136.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 483.86 136.25 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 537.62 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 554.72 136.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 124.25 Td (field, ) Tj ET Q q 0 0 0 rg BT 87.62 124.25 Td (with ) Tj ET Q q 0 0 0 rg BT 107.94 124.25 Td (most ) Tj ET Q q 0 0 0 rg BT 129.93 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.80 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.56 124.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 194.75 124.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 240.05 124.25 Td (terminating ) Tj ET Q q 0 0 0 rg BT 288.69 124.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 341.22 124.25 Td (by ) Tj ET Q q 0 0 0 rg BT 353.76 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.52 124.25 Td (end ) Tj ET Q q 0 0 0 rg BT 385.50 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.37 124.25 Td (January ) Tj ET Q q 0 0 0 rg BT 430.01 124.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 455.05 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 457.41 124.25 Td (W) Tj ET Q q 0 0 0 rg BT 466.05 124.25 Td (e ) Tj ET Q q 0 0 0 rg BT 473.02 124.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 519.43 124.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 554.17 124.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.25 Td ($18.6 ) Tj ET Q q 0 0 0 rg BT 75.13 112.25 Td (million ) Tj ET Q q 0 0 0 rg BT 107.15 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.06 112.25 Td (�General ) Tj ET Q q 0 0 0 rg BT 157.27 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.84 112.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 235.18 112.25 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 278.85 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.75 112.25 Td (our ) Tj ET Q q 0 0 0 rg BT 306.21 112.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 329.34 112.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 385.25 112.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 432.26 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.72 112.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 490.73 112.25 Td (for ) Tj ET Q q 0 0 0 rg BT 505.52 112.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 548.06 112.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.72 100.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 103.23 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.10 100.25 Td (W) Tj ET Q q 0 0 0 rg BT 113.74 100.25 Td (e ) Tj ET Q q 0 0 0 rg BT 120.19 100.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 155.52 100.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 190.32 100.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 218.99 100.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 251.00 100.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 294.11 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 313.90 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.13 100.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 367.91 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.70 100.25 Td (force ) Tj ET Q q 0 0 0 rg BT 400.25 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.05 100.25 Td (be ) Tj ET Q q 0 0 0 rg BT 421.50 100.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 481.27 100.25 Td ($21 ) Tj ET Q q 0 0 0 rg BT 498.29 100.25 Td (million ) Tj ET Q q 0 0 0 rg BT 529.19 100.25 Td (\(starting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.19 88.25 Td (2020\), ) Tj ET Q q 0 0 0 rg BT 88.94 88.25 Td (with ) Tj ET Q q 0 0 0 rg BT 109.63 88.25 Td (such ) Tj ET Q q 0 0 0 rg BT 130.88 88.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 163.79 88.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 202.80 88.25 Td (across ) Tj ET Q q 0 0 0 rg BT 230.70 88.25 Td (general ) Tj ET Q q 0 0 0 rg BT 263.04 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.39 88.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 340.52 88.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 375.64 88.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 439.64 88.25 Td (45%\), ) Tj ET Q q 0 0 0 rg BT 466.72 88.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 489.62 88.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 530.30 88.25 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 113.09 76.25 Td (25%\) ) Tj ET Q q 0 0 0 rg BT 137.25 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.19 76.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 199.99 76.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.49 76.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 286.08 76.25 Td (30%\).) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 713.25 Td (Pending ) Tj ET Q q 0 0 0 rg BT 104.44 713.25 Td (Sale ) Tj ET Q q 0 0 0 rg BT 124.16 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.28 713.25 Td (W) Tj ET Q q 0 0 0 rg BT 143.73 713.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 174.01 713.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 195.49 713.25 Td (ests ) Tj ET Q q 0 0 0 rg BT 212.97 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.25 713.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 257.81 713.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.56 713.25 Td (exas ) Tj ET Q q 0 0 0 rg BT 283.83 713.25 Td (Fields) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.38 713.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.88 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 313.82 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.75 713.25 Td (On ) Tj ET Q q 0 0 0 rg BT 329.91 713.25 Td (December ) Tj ET Q q 0 0 0 rg BT 372.93 713.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 387.37 713.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 411.80 713.25 Td (we ) Tj ET Q q 0 0 0 rg BT 425.40 713.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 456.75 713.25 Td (into ) Tj ET Q q 0 0 0 rg BT 474.25 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 480.62 713.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 520.88 713.25 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.98 701.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 76.56 701.25 Td (half ) Tj ET Q q 0 0 0 rg BT 94.80 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.83 701.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.86 701.25 Td (nearly ) Tj ET Q q 0 0 0 rg BT 149.54 701.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 175.56 701.25 Td (working ) Tj ET Q q 0 0 0 rg BT 211.59 701.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 243.72 701.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 282.54 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.01 701.25 Td (four ) Tj ET Q q 0 0 0 rg BT 312.37 701.25 Td (conventional ) Tj ET Q q 0 0 0 rg BT 366.72 701.25 Td (southeast ) Tj ET Q q 0 0 0 rg BT 406.43 701.25 Td (T) Tj ET Q q 0 0 0 rg BT 411.84 701.25 Td (exas ) Tj ET Q q 0 0 0 rg BT 432.31 701.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 445.56 701.25 Td (fields ) Tj ET Q q 0 0 0 rg BT 470.48 701.25 Td (\(consisting ) Tj ET Q q 0 0 0 rg BT 517.06 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.89 701.25 Td (W) Tj ET Q q 0 0 0 rg BT 536.53 701.25 Td (ebster) Tj ET Q q 0 0 0 rg BT 560.01 701.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (Thompson, ) Tj ET Q q 0 0 0 rg BT 97.24 689.25 Td (Manvel, ) Tj ET Q q 0 0 0 rg BT 132.76 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.66 689.25 Td (East ) Tj ET Q q 0 0 0 rg BT 169.34 689.25 Td (Hastings\) ) Tj ET Q q 0 0 0 rg BT 210.14 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 224.27 689.25 Td ($50 ) Tj ET Q q 0 0 0 rg BT 241.73 689.25 Td (million ) Tj ET Q q 0 0 0 rg BT 273.09 689.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.32 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.23 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 317.13 689.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 347.35 689.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.25 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.50 689.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 404.18 689.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 427.75 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.00 689.25 Td (be ) Tj ET Q q 0 0 0 rg BT 449.90 689.25 Td (drilled ) Tj ET Q q 0 0 0 rg BT 478.47 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 490.94 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.62 689.25 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 546.95 689.25 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (�Pending ) Tj ET Q q 0 0 0 rg BT 88.71 677.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 109.03 677.25 Td (Coast ) Tj ET Q q 0 0 0 rg BT 133.65 677.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.29 677.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 170.39 677.25 Td (Interests ) Tj ET Q q 0 0 0 rg BT 206.25 677.25 Td (Sale�\). ) Tj ET Q q 0 0 0 rg BT 235.73 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.57 677.25 Td (The ) Tj ET Q q 0 0 0 rg BT 255.11 677.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 272.65 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 281.31 677.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 319.39 677.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 356.91 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.68 677.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 390.88 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.65 677.25 Td (early ) Tj ET Q q 0 0 0 rg BT 422.62 677.25 Td (March ) Tj ET Q q 0 0 0 rg BT 450.71 677.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 475.20 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 477.19 677.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 504.17 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.38 677.25 Td (agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.12 665.25 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 105.38 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 114.45 665.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 159.62 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.80 665.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 203.30 665.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 229.03 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.76 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.38 665.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 283.43 665.25 Td (required ) Tj ET Q q 0 0 0 rg BT 319.14 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.32 665.25 Td (drill ) Tj ET Q q 0 0 0 rg BT 348.38 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.22 665.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 404.27 665.25 Td (an ) Tj ET Q q 0 0 0 rg BT 416.11 665.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 441.83 665.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 456.45 665.25 Td (horizontal ) Tj ET Q q 0 0 0 rg BT 499.39 665.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 522.90 665.25 Td (across ) Tj ET Q q 0 0 0 rg BT 550.29 665.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (fields, ) Tj ET Q q 0 0 0 rg BT 76.10 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 95.76 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.86 653.25 Td (first ) Tj ET Q q 0 0 0 rg BT 127.85 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.06 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.16 653.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 166.25 653.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 189.24 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.90 653.25 Td (be ) Tj ET Q q 0 0 0 rg BT 210.22 653.25 Td (spud ) Tj ET Q q 0 0 0 rg BT 231.00 653.25 Td (within ) Tj ET Q q 0 0 0 rg BT 258.43 653.25 Td (six ) Tj ET Q q 0 0 0 rg BT 271.98 653.25 Td (months ) Tj ET Q q 0 0 0 rg BT 303.31 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.53 653.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 344.29 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.61 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 380.27 653.25 Td (all ) Tj ET Q q 0 0 0 rg BT 392.15 653.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 406.25 653.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 429.24 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.90 653.25 Td (be ) Tj ET Q q 0 0 0 rg BT 450.22 653.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 493.75 653.25 Td (within ) Tj ET Q q 0 0 0 rg BT 521.19 653.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 533.07 653.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (after ) Tj ET Q q 0 0 0 rg BT 70.10 641.25 Td (closing. ) Tj ET Q q 0 0 0 rg BT 103.76 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.04 641.25 Td (On ) Tj ET Q q 0 0 0 rg BT 120.54 641.25 Td (these ) Tj ET Q q 0 0 0 rg BT 143.37 641.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 168.98 641.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 183.48 641.25 Td (wells, ) Tj ET Q q 0 0 0 rg BT 209.37 641.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 246.64 641.25 Td (will ) Tj ET Q q 0 0 0 rg BT 264.48 641.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 295.62 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.34 641.25 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 330.45 641.25 Td (overriding ) Tj ET Q q 0 0 0 rg BT 374.38 641.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 404.99 641.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 436.70 641.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 458.42 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.48 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.98 641.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 524.69 641.25 Td (payout ) Tj ET Q q 0 0 0 rg BT 554.19 641.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 629.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 88.18 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.64 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.75 629.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 144.52 629.25 Td (field ) Tj ET Q q 0 0 0 rg BT 165.52 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.64 629.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 229.76 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.21 629.25 Td (payout, ) Tj ET Q q 0 0 0 rg BT 272.61 629.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 310.27 629.25 Td (will ) Tj ET Q q 0 0 0 rg BT 328.51 629.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 360.05 629.25 Td (production ) Tj ET Q q 0 0 0 rg BT 406.05 629.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 444.26 629.25 Td (from, ) Tj ET Q q 0 0 0 rg BT 468.88 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.99 629.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 505.88 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.77 629.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 539.56 629.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 553.07 629.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 69.78 617.25 Td (working ) Tj ET Q q 0 0 0 rg BT 105.06 617.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 136.45 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.18 617.25 Td (each ) Tj ET Q q 0 0 0 rg BT 166.45 617.25 Td (well. ) Tj ET Q q 0 0 0 rg BT 188.12 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.64 617.25 Td (As ) Tj ET Q q 0 0 0 rg BT 202.70 617.25 Td (part ) Tj ET Q q 0 0 0 rg BT 220.20 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.48 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.65 617.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 290.75 617.25 Td (we ) Tj ET Q q 0 0 0 rg BT 304.36 617.25 Td (will ) Tj ET Q q 0 0 0 rg BT 321.87 617.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 346.58 617.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 371.87 617.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 415.48 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.76 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.93 617.25 Td (future ) Tj ET Q q 0 0 0 rg BT 465.62 617.25 Td (W) Tj ET Q q 0 0 0 rg BT 474.25 617.25 Td (ebster ) Tj ET Q q 0 0 0 rg BT 500.08 617.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 519.81 617.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 533.71 615.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.96 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.91 617.25 Td (flood, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (wherein ) Tj ET Q q 0 0 0 rg BT 84.32 605.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 98.58 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.41 605.25 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 154.89 605.25 Td (may ) Tj ET Q q 0 0 0 rg BT 174.71 605.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 196.19 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.58 605.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 251.39 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.77 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.60 605.25 Td (future ) Tj ET Q q 0 0 0 rg BT 303.09 605.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 316.98 603.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.23 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.84 605.25 Td (flood ) Tj ET Q q 0 0 0 rg BT 346.55 605.25 Td (through ) Tj ET Q q 0 0 0 rg BT 380.27 605.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 442.86 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.25 605.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 490.85 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.78 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.61 605.25 Td (purchaser) Tj ET Q q 0 0 0 rg BT 555.85 605.25 Td (�) Tj ET Q q 0 0 0 rg BT 558.63 605.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (working ) Tj ET Q q 0 0 0 rg BT 85.63 593.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.86 593.25 Td (share ) Tj ET Q q 0 0 0 rg BT 141.76 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.89 593.25 Td (project ) Tj ET Q q 0 0 0 rg BT 183.46 593.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 206.26 593.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 242.37 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.95 593.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 274.91 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 286.04 593.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 300.50 593.25 Td (if ) Tj ET Q q 0 0 0 rg BT 309.41 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.42 593.25 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 366.09 593.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 401.66 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.23 593.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 457.23 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.81 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.83 593.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 496.72 591.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.97 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.77 593.25 Td (flood, ) Tj ET Q q 0 0 0 rg BT 529.18 593.25 Td (we ) Tj ET Q q 0 0 0 rg BT 543.64 593.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 581.25 Td (right ) Tj ET Q q 0 0 0 rg BT 85.60 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.88 581.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 141.69 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.40 581.25 Td (purchaser) Tj ET Q q 0 0 0 rg BT 195.64 581.25 Td (�) Tj ET Q q 0 0 0 rg BT 198.42 581.25 Td (s ) Tj ET Q q 0 0 0 rg BT 204.81 581.25 Td (working ) Tj ET Q q 0 0 0 rg BT 240.64 581.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 272.58 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.67 581.25 Td (W) Tj ET Q q 0 0 0 rg BT 291.31 581.25 Td (ebster ) Tj ET Q q 0 0 0 rg BT 317.69 581.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 340.75 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 366.01 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.95 581.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 427.65 581.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 456.79 581.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 496.51 581.25 Td (mechanism.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 79.87 557.25 Td (AL) Tj ET Q q 0 0 0 rg BT 93.21 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.71 557.25 Td (RESOURCES ) Tj ET Q q 0 0 0 rg BT 158.79 557.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 182.95 557.25 Td (LIQUIDITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 533.25 Td (Overview) Tj ET Q q 0 0 0 rg BT 108.04 533.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.54 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.62 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.70 533.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 135.33 533.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 170.06 533.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 203.13 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.54 533.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 244.27 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.79 533.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 298.76 533.25 Td (are ) Tj ET Q q 0 0 0 rg BT 314.04 533.25 Td (our ) Tj ET Q q 0 0 0 rg BT 330.45 533.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.30 533.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 376.60 533.25 Td (from ) Tj ET Q q 0 0 0 rg BT 399.12 533.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 443.85 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.37 533.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 509.43 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.84 533.25 Td (borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 84.85 521.25 Td (under ) Tj ET Q q 0 0 0 rg BT 109.66 521.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.03 521.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 151.51 521.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 184.08 521.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 205.56 521.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 230.37 521.25 Td (facility) Tj ET Q q 0 0 0 rg BT 258.04 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 262.58 521.25 Td (which ) Tj ET Q q 0 0 0 rg BT 289.06 521.25 Td (has ) Tj ET Q q 0 0 0 rg BT 304.43 521.25 Td (been ) Tj ET Q q 0 0 0 rg BT 325.34 521.25 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 382.93 521.25 Td (periodically ) Tj ET Q q 0 0 0 rg BT 432.72 521.25 Td (by ) Tj ET Q q 0 0 0 rg BT 444.76 521.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 466.24 521.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 483.83 521.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 521.41 521.25 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.23 509.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 90.61 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.89 509.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 131.71 509.25 Td (land ) Tj ET Q q 0 0 0 rg BT 150.87 509.25 Td (with ) Tj ET Q q 0 0 0 rg BT 170.60 509.25 Td (no ) Tj ET Q q 0 0 0 rg BT 182.55 509.25 Td (active ) Tj ET Q q 0 0 0 rg BT 208.37 509.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 220.87 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.26 509.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.97 509.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.25 509.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 325.85 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.24 509.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 368.07 509.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 410.57 509.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 431.96 509.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 453.34 509.25 Td (as ) Tj ET Q q 0 0 0 rg BT 463.62 509.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 503.90 509.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 532.22 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 534.17 509.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 497.25 Td (, ) Tj ET Q q 0 0 0 rg BT 75.29 497.25 Td (we ) Tj ET Q q 0 0 0 rg BT 90.24 497.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 132.39 497.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 153.45 497.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 178.96 497.25 Td (from ) Tj ET Q q 0 0 0 rg BT 201.68 497.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 246.63 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.25 497.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.25 497.25 Td (494.1 ) Tj ET Q q 0 0 0 rg BT 289.03 497.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.93 497.25 Td (, ) Tj ET Q q 0 0 0 rg BT 323.71 497.25 Td (while ) Tj ET Q q 0 0 0 rg BT 349.22 497.25 Td (incurring ) Tj ET Q q 0 0 0 rg BT 389.16 497.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 419.10 497.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 473.48 497.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 497.25 Td ($236.9 ) Tj ET Q q 0 0 0 rg BT 515.89 497.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.78 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 497.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 96.58 485.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.80 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.90 485.25 Td ($36.7 ) Tj ET Q q 0 0 0 rg BT 168.18 485.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 203.35 485.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 242.13 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.68 485.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 315.22 485.25 Td ($165 ) Tj ET Q q 0 0 0 rg BT 339.00 485.25 Td (million ) Tj ET Q q 0 0 0 rg BT 371.67 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.78 485.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 405.32 485.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 427.43 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.99 485.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 468.87 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.97 485.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.40 485.25 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 95.29 473.25 Td (working ) Tj ET Q q 0 0 0 rg BT 131.65 473.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.32 473.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 196.56 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.02 473.25 Td (severance-related ) Tj ET Q q 0 0 0 rg BT 286.99 473.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 324.73 473.25 Td (but ) Tj ET Q q 0 0 0 rg BT 340.53 473.25 Td (including ) Tj ET Q q 0 0 0 rg BT 381.33 473.25 Td ($85.3 ) Tj ET Q q 0 0 0 rg BT 406.86 473.25 Td (million ) Tj ET Q q 0 0 0 rg BT 438.78 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.13 473.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 482.59 473.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 523.94 473.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 554.17 473.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (repayment ) Tj ET Q q 0 0 0 rg BT 93.85 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.34 461.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 123.71 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.64 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.12 461.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 186.25 461.25 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 236.45 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.12 461.25 Td (As ) Tj ET Q q 0 0 0 rg BT 251.39 461.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.87 461.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 320.11 461.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.11 461.25 Td (, ) Tj ET Q q 0 0 0 rg BT 344.76 461.25 Td (we ) Tj ET Q q 0 0 0 rg BT 358.57 461.25 Td (had ) Tj ET Q q 0 0 0 rg BT 375.16 461.25 Td (no ) Tj ET Q q 0 0 0 rg BT 387.32 461.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 436.13 461.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 483.84 461.25 Td (on ) Tj ET Q q 0 0 0 rg BT 495.99 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.47 461.25 Td ($615 ) Tj ET Q q 0 0 0 rg BT 533.62 461.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 75.41 449.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 107.43 449.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 128.34 449.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 152.58 449.25 Td (facility) Tj ET Q q 0 0 0 rg BT 180.25 449.25 Td (, ) Tj ET Q q 0 0 0 rg BT 184.23 449.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 225.70 449.25 Td (with ) Tj ET Q q 0 0 0 rg BT 244.95 449.25 Td (December ) Tj ET Q q 0 0 0 rg BT 287.51 449.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 301.49 449.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 325.47 449.25 Td (leaving ) Tj ET Q q 0 0 0 rg BT 356.38 449.25 Td (us ) Tj ET Q q 0 0 0 rg BT 366.74 449.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 449.25 Td ($527.8 ) Tj ET Q q 0 0 0 rg BT 414.97 449.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.87 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 445.34 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.15 449.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 498.28 449.25 Td (base ) Tj ET Q q 0 0 0 rg BT 517.53 449.25 Td (availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (after ) Tj ET Q q 0 0 0 rg BT 70.32 437.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 126.69 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.52 437.25 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 162.52 437.25 Td (million ) Tj ET Q q 0 0 0 rg BT 193.91 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.74 437.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 231.67 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.50 437.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 267.77 437.25 Td (outstanding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 413.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 90.68 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.08 413.25 Td (last ) Tj ET Q q 0 0 0 rg BT 123.15 413.25 Td (several ) Tj ET Q q 0 0 0 rg BT 154.65 413.25 Td (years ) Tj ET Q q 0 0 0 rg BT 178.94 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.45 413.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 230.84 413.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 256.80 413.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 270.54 413.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 297.60 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.23 413.25 Td (high ) Tj ET Q q 0 0 0 rg BT 336.19 413.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 371.65 413.25 Td (, ) Tj ET Q q 0 0 0 rg BT 377.34 413.25 Td (we ) Tj ET Q q 0 0 0 rg BT 392.18 413.25 Td (have ) Tj ET Q q 0 0 0 rg BT 414.25 413.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 454.63 413.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 488.92 413.25 Td (on ) Tj ET Q q 0 0 0 rg BT 502.10 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.62 413.25 Td (disciplined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 89.14 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.46 401.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 139.55 401.25 Td (within ) Tj ET Q q 0 0 0 rg BT 168.10 401.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.86 401.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 210.18 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.61 401.25 Td (preserving ) Tj ET Q q 0 0 0 rg BT 272.80 401.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 309.68 401.25 Td (under ) Tj ET Q q 0 0 0 rg BT 335.44 401.25 Td (our ) Tj ET Q q 0 0 0 rg BT 351.76 401.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 374.19 401.25 Td (line. ) Tj ET Q q 0 0 0 rg BT 394.68 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.67 401.25 Td (During ) Tj ET Q q 0 0 0 rg BT 428.98 401.25 Td (this ) Tj ET Q q 0 0 0 rg BT 446.42 401.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 469.69 401.25 Td (we ) Tj ET Q q 0 0 0 rg BT 484.34 401.25 Td (have ) Tj ET Q q 0 0 0 rg BT 506.20 401.25 Td (also ) Tj ET Q q 0 0 0 rg BT 525.30 401.25 Td (remained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (keenly ) Tj ET Q q 0 0 0 rg BT 78.73 389.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 112.39 389.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.96 389.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 162.52 389.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 198.95 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 389.25 Td (improving ) Tj ET Q q 0 0 0 rg BT 260.19 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.98 389.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 316.65 389.25 Td (s ) Tj ET Q q 0 0 0 rg BT 323.11 389.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.66 389.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 397.95 389.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 435.52 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.87 389.25 Td (a ) Tj ET Q q 0 0 0 rg BT 452.88 389.25 Td ($250.5 ) Tj ET Q q 0 0 0 rg BT 482.94 389.25 Td (million ) Tj ET Q q 0 0 0 rg BT 514.41 389.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.74 389.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.39 377.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 85.17 377.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 123.27 377.25 Td (during ) Tj ET Q q 0 0 0 rg BT 151.94 377.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 177.00 377.25 Td (which ) Tj ET Q q 0 0 0 rg BT 204.00 377.25 Td (is ) Tj ET Q q 0 0 0 rg BT 213.23 377.25 Td (on ) Tj ET Q q 0 0 0 rg BT 225.79 377.25 Td (top ) Tj ET Q q 0 0 0 rg BT 241.12 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.01 377.25 Td (a ) Tj ET Q q 0 0 0 rg BT 259.01 377.25 Td ($243.2 ) Tj ET Q q 0 0 0 rg BT 289.07 377.25 Td (million ) Tj ET Q q 0 0 0 rg BT 320.52 377.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 360.85 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.19 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.08 377.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 406.85 377.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 444.96 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 455.29 377.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 480.35 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.91 377.25 Td (In ) Tj ET Q q 0 0 0 rg BT 493.80 377.25 Td (total, ) Tj ET Q q 0 0 0 rg BT 516.64 377.25 Td (we ) Tj ET Q q 0 0 0 rg BT 530.86 377.25 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 64.98 365.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 113.79 365.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 133.16 365.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 170.85 365.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.00 365.25 Td (nearly ) Tj ET Q q 0 0 0 rg BT 210.14 365.25 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 229.79 365.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 258.05 365.25 Td (between ) Tj ET Q q 0 0 0 rg BT 293.52 365.25 Td (December ) Tj ET Q q 0 0 0 rg BT 336.75 365.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 351.40 365.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 373.55 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.14 365.25 Td (December ) Tj ET Q q 0 0 0 rg BT 433.37 365.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 448.02 365.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 472.67 365.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 512.03 365.25 Td (through ) Tj ET Q q 0 0 0 rg BT 545.29 365.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 97.32 353.25 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 153.77 353.25 Td (open ) Tj ET Q q 0 0 0 rg BT 176.88 353.25 Td (market ) Tj ET Q q 0 0 0 rg BT 208.32 353.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 229.22 353.25 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 282.59 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.70 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.60 353.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 364.15 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.60 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.50 353.25 Td (second ) Tj ET Q q 0 0 0 rg BT 422.94 353.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 454.93 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.94 353.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 490.61 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.62 353.25 Td (all ) Tj ET Q q 0 0 0 rg BT 516.29 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.30 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 545.30 353.25 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.65 341.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 146.12 341.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 173.05 341.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 196.65 341.25 Td (into ) Tj ET Q q 0 0 0 rg BT 214.70 341.25 Td (common ) Tj ET Q q 0 0 0 rg BT 252.18 341.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 278.28 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.77 341.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 298.81 341.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 335.16 341.25 Td (metrics ) Tj ET Q q 0 0 0 rg BT 367.08 341.25 Td (have ) Tj ET Q q 0 0 0 rg BT 388.45 341.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 429.26 341.25 Td (considerably ) Tj ET Q q 0 0 0 rg BT 482.85 341.25 Td (over ) Tj ET Q q 0 0 0 rg BT 503.10 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.81 341.25 Td (last ) Tj ET Q q 0 0 0 rg BT 534.19 341.25 Td (several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 75.60 329.25 Td (due ) Tj ET Q q 0 0 0 rg BT 92.54 329.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.25 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.53 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.36 329.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 176.97 329.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 217.23 329.25 Td (ef) Tj ET Q q 0 0 0 rg BT 224.82 329.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 245.65 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.59 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.42 329.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 308.68 329.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 348.94 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.22 329.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 381.44 329.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.25 Td (In ) Tj ET Q q 0 0 0 rg BT 78.13 305.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 102.92 305.25 Td (we ) Tj ET Q q 0 0 0 rg BT 116.88 305.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 160.83 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 167.56 305.25 Td (series ) Tj ET Q q 0 0 0 rg BT 192.63 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.25 305.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 222.77 305.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 266.71 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.44 305.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 332.94 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.01 305.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 371.96 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.48 305.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 428.76 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.39 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 446.12 305.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 477.31 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.93 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 503.56 305.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 545.29 305.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.14 293.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 96.98 293.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.51 293.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 133.92 293.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 172.66 293.25 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 191.96 293.25 Td (Overview ) Tj ET Q q 0 0 0 rg BT 233.47 293.25 Td (� ) Tj ET Q q 0 0 0 rg BT 241.67 293.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 264.87 293.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 287.51 293.25 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 331.25 293.25 Td (T) Tj ET Q q 0 0 0 rg BT 336.26 293.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.93 293.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 391.96 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 394.45 293.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 444.35 293.25 Td (, ) Tj ET Q q 0 0 0 rg BT 450.05 293.25 Td (these ) Tj ET Q q 0 0 0 rg BT 473.79 293.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 514.75 293.25 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (could ) Tj ET Q q 0 0 0 rg BT 73.99 281.25 Td (further ) Tj ET Q q 0 0 0 rg BT 103.48 281.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 146.30 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.36 281.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 175.85 281.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 215.89 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.50 281.25 Td (up ) Tj ET Q q 0 0 0 rg BT 238.78 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.83 281.25 Td ($245.5 ) Tj ET Q q 0 0 0 rg BT 278.61 281.25 Td (million ) Tj ET Q q 0 0 0 rg BT 309.78 281.25 Td (if ) Tj ET Q q 0 0 0 rg BT 318.17 281.25 Td (all ) Tj ET Q q 0 0 0 rg BT 330.44 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.05 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.54 281.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 377.82 281.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 427.31 281.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 455.70 281.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 481.30 281.25 Td (convert ) Tj ET Q q 0 0 0 rg BT 513.57 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.62 281.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (common ) Tj ET Q q 0 0 0 rg BT 87.31 269.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.22 269.25 Td (at ) Tj ET Q q 0 0 0 rg BT 121.25 269.25 Td (some ) Tj ET Q q 0 0 0 rg BT 145.17 269.25 Td (time ) Tj ET Q q 0 0 0 rg BT 165.75 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.34 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.37 269.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 220.55 269.25 Td (including ) Tj ET Q q 0 0 0 rg BT 261.14 269.25 Td (automatic ) Tj ET Q q 0 0 0 rg BT 303.38 269.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 350.06 269.25 Td (into ) Tj ET Q q 0 0 0 rg BT 368.43 269.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 396.23 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.37 269.25 Td (common ) Tj ET Q q 0 0 0 rg BT 445.18 269.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 469.09 269.25 Td (if ) Tj ET Q q 0 0 0 rg BT 478.01 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.04 269.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 525.85 269.25 Td (weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (average ) Tj ET Q q 0 0 0 rg BT 83.09 257.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 113.92 257.25 Td (price ) Tj ET Q q 0 0 0 rg BT 136.41 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.24 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.97 257.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 203.63 257.25 Td (s ) Tj ET Q q 0 0 0 rg BT 210.03 257.25 Td (common ) Tj ET Q q 0 0 0 rg BT 247.53 257.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 271.14 257.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 299.19 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 310.03 257.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 344.18 257.25 Td ($2.43 ) Tj ET Q q 0 0 0 rg BT 369.18 257.25 Td (per ) Tj ET Q q 0 0 0 rg BT 384.46 257.25 Td (share ) Tj ET Q q 0 0 0 rg BT 408.06 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 422.22 257.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 434.73 257.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 465.56 257.25 Td (days ) Tj ET Q q 0 0 0 rg BT 486.39 257.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.68 257.25 Td (any ) Tj ET Q q 0 0 0 rg BT 513.62 257.25 Td (period ) Tj ET Q q 0 0 0 rg BT 541.67 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.51 257.25 Td (15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 99.20 245.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 130.03 245.25 Td (days. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 107.31 221.25 Td (we ) Tj ET Q q 0 0 0 rg BT 121.01 221.25 Td (have ) Tj ET Q q 0 0 0 rg BT 141.92 221.25 Td (no ) Tj ET Q q 0 0 0 rg BT 153.95 221.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 198.20 221.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 240.22 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.58 221.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 269.83 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.65 221.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 304.18 221.25 Td (we ) Tj ET Q q 0 0 0 rg BT 317.87 221.25 Td (have ) Tj ET Q q 0 0 0 rg BT 338.78 221.25 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 368.32 221.25 Td (million ) Tj ET Q q 0 0 0 rg BT 399.24 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.61 221.25 Td (9% ) Tj ET Q q 0 0 0 rg BT 424.97 221.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 453.11 221.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 487.35 221.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 518.83 221.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 539.18 221.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (maturing ) Tj ET Q q 0 0 0 rg BT 87.75 209.25 Td (on ) Tj ET Q q 0 0 0 rg BT 99.89 209.25 Td (May ) Tj ET Q q 0 0 0 rg BT 120.36 209.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 135.00 209.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 157.15 209.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 174.84 209.25 Td (�2021 ) Tj ET Q q 0 0 0 rg BT 201.42 209.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 229.67 209.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 264.02 209.25 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 297.26 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.84 209.25 Td ($455.7 ) Tj ET Q q 0 0 0 rg BT 343.48 209.25 Td (million ) Tj ET Q q 0 0 0 rg BT 374.52 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.99 209.25 Td (9�% ) Tj ET Q q 0 0 0 rg BT 407.96 209.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 436.21 209.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 470.56 209.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 502.14 209.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 522.61 209.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 548.08 209.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 72.39 197.25 Td (maturing ) Tj ET Q q 0 0 0 rg BT 111.38 197.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.27 197.25 Td (March ) Tj ET Q q 0 0 0 rg BT 153.25 197.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 168.64 197.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 191.53 197.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 209.96 197.25 Td (�2022 ) Tj ET Q q 0 0 0 rg BT 237.29 197.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 266.28 197.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 301.38 197.25 Td (Notes�\). ) Tj ET Q q 0 0 0 rg BT 337.86 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.75 197.25 Td (In ) Tj ET Q q 0 0 0 rg BT 351.97 197.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 385.39 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.06 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.16 197.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 434.05 197.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 463.05 197.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 498.14 197.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 526.86 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 543.08 197.25 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.65 185.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 118.68 185.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 154.40 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.22 185.25 Td (springing ) Tj ET Q q 0 0 0 rg BT 201.39 185.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 237.66 185.25 Td (if ) Tj ET Q q 0 0 0 rg BT 246.16 185.25 Td (such ) Tj ET Q q 0 0 0 rg BT 266.88 185.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 290.38 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 304.97 185.25 Td (not ) Tj ET Q q 0 0 0 rg BT 320.14 185.25 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 364.72 185.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.44 185.25 Td (their ) Tj ET Q q 0 0 0 rg BT 396.16 185.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 432.43 185.25 Td (is ) Tj ET Q q 0 0 0 rg BT 441.49 185.25 Td (not ) Tj ET Q q 0 0 0 rg BT 456.65 185.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 495.14 185.25 Td (by ) Tj ET Q q 0 0 0 rg BT 507.53 185.25 Td (mid-February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 71.28 173.25 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 89.16 173.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 108.16 173.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 141.05 173.25 Td (� ) Tj ET Q q 0 0 0 rg BT 147.83 173.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 165.73 173.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 186.95 173.25 Td (cr) Tj ET Q q 0 0 0 rg BT 194.91 173.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 211.69 173.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 241.24 173.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 276.91 173.25 Td (date ) Tj ET Q q 0 0 0 rg BT 295.91 173.25 Td (�springs ) Tj ET Q q 0 0 0 rg BT 332.70 173.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 359.56 173.25 Td (d� ) Tj ET Q q 0 0 0 rg BT 371.91 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 381.47 173.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 404.36 173.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 433.36 173.25 Td (than ) Tj ET Q q 0 0 0 rg BT 452.92 173.25 Td (December ) Tj ET Q q 0 0 0 rg BT 495.79 173.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 505.07 173.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 526.85 173.25 Td (if ) Tj ET Q q 0 0 0 rg BT 534.19 173.25 Td (certain ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.09 161.25 Td (ar) Tj ET Q q 0 0 0 rg BT 102.61 161.25 Td (e ) Tj ET Q q 0 0 0 rg BT 109.97 161.25 Td (not ) Tj ET Q q 0 0 0 rg BT 125.67 161.25 Td (satisfied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 161.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 167.75 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.46 161.25 Td (W) Tj ET Q q 0 0 0 rg BT 179.10 161.25 Td (e ) Tj ET Q q 0 0 0 rg BT 186.46 161.25 Td (are ) Tj ET Q q 0 0 0 rg BT 201.59 161.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 236.16 161.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 280.73 161.25 Td (options ) Tj ET Q q 0 0 0 rg BT 313.10 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.80 161.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 353.37 161.25 Td (or ) Tj ET Q q 0 0 0 rg BT 364.62 161.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 394.20 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.33 161.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 452.25 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.50 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 479.75 161.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 522.10 161.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 544.74 161.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 73.20 149.25 Td (on ) Tj ET Q q 0 0 0 rg BT 85.24 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 100.61 149.25 Td (second ) Tj ET Q q 0 0 0 rg BT 130.42 149.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 147.46 149.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 166.72 149.25 Td (maturing ) Tj ET Q q 0 0 0 rg BT 204.86 149.25 Td (between ) Tj ET Q q 0 0 0 rg BT 240.22 149.25 Td (May ) Tj ET Q q 0 0 0 rg BT 260.59 149.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 282.63 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.11 149.25 Td (March ) Tj ET Q q 0 0 0 rg BT 327.25 149.25 Td (2022. ) Tj ET Q q 0 0 0 rg BT 351.79 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.83 149.25 Td (In ) Tj ET Q q 0 0 0 rg BT 364.20 149.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 413.46 149.25 Td (with ) Tj ET Q q 0 0 0 rg BT 433.27 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.65 149.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 467.90 149.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 507.71 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.19 149.25 Td (extension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 137.25 Td (forts, ) Tj ET Q q 0 0 0 rg BT 80.86 137.25 Td (we ) Tj ET Q q 0 0 0 rg BT 95.46 137.25 Td (may ) Tj ET Q q 0 0 0 rg BT 115.62 137.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 146.88 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.60 137.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 208.30 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.58 137.25 Td (various ) Tj ET Q q 0 0 0 rg BT 251.96 137.25 Td (types, ) Tj ET Q q 0 0 0 rg BT 278.51 137.25 Td (including ) Tj ET Q q 0 0 0 rg BT 319.22 137.25 Td (public ) Tj ET Q q 0 0 0 rg BT 347.16 137.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.43 137.25 Td (private ) Tj ET Q q 0 0 0 rg BT 389.14 137.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 418.73 137.25 Td (raising, ) Tj ET Q q 0 0 0 rg BT 451.39 137.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 471.55 137.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 512.24 137.25 Td (transactions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.22 125.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 118.91 125.25 Td (with ) Tj ET Q q 0 0 0 rg BT 139.19 125.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 177.23 125.25 Td (from ) Tj ET Q q 0 0 0 rg BT 199.17 125.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 220.00 125.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 256.38 125.25 Td (or ) Tj ET Q q 0 0 0 rg BT 267.21 125.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 289.15 125.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 313.59 125.25 Td (or ) Tj ET Q q 0 0 0 rg BT 324.42 125.25 Td (some ) Tj ET Q q 0 0 0 rg BT 348.03 125.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 400.52 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.35 125.25 Td (these ) Tj ET Q q 0 0 0 rg BT 434.39 125.25 Td (methods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 101.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 89.70 101.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 123.57 101.25 Td (Budget.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.63 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.83 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.03 101.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 185.45 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.86 101.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 242.06 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.59 101.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 277.29 101.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 316.15 101.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.91 101.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 354.99 101.25 Td (have ) Tj ET Q q 0 0 0 rg BT 376.06 101.25 Td (moved ) Tj ET Q q 0 0 0 rg BT 405.48 101.25 Td (downward ) Tj ET Q q 0 0 0 rg BT 449.89 101.25 Td (by ) Tj ET Q q 0 0 0 rg BT 462.09 101.25 Td (over ) Tj ET Q q 0 0 0 rg BT 482.06 101.25 Td ($10 ) Tj ET Q q 0 0 0 rg BT 499.26 101.25 Td (per ) Tj ET Q q 0 0 0 rg BT 514.23 101.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 539.74 101.25 Td (\(from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.29 89.25 Td (low ) Tj ET Q q 0 0 0 rg BT 79.87 89.25 Td ($60s ) Tj ET Q q 0 0 0 rg BT 100.33 89.25 Td (per ) Tj ET Q q 0 0 0 rg BT 114.68 89.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 139.57 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.92 89.25 Td (early ) Tj ET Q q 0 0 0 rg BT 170.48 89.25 Td (January ) Tj ET Q q 0 0 0 rg BT 203.15 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.51 89.25 Td (around ) Tj ET Q q 0 0 0 rg BT 241.85 89.25 Td ($50 ) Tj ET Q q 0 0 0 rg BT 258.42 89.25 Td (per ) Tj ET Q q 0 0 0 rg BT 272.77 89.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 297.66 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.01 89.25 Td (mid-February ) Tj ET Q q 0 0 0 rg BT 363.57 89.25 Td (2020\), ) Tj ET Q q 0 0 0 rg BT 390.97 89.25 Td (due ) Tj ET Q q 0 0 0 rg BT 406.99 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.34 89.25 Td (part ) Tj ET Q q 0 0 0 rg BT 433.46 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.82 89.25 Td (concerns ) Tj ET Q q 0 0 0 rg BT 479.93 89.25 Td (about ) Tj ET Q q 0 0 0 rg BT 503.72 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.51 89.25 Td (COVID-19 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (coronavirus ) Tj ET Q q 0 0 0 rg BT 100.52 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.78 77.25 Td (its ) Tj ET Q q 0 0 0 rg BT 132.05 77.25 Td (real ) Tj ET Q q 0 0 0 rg BT 150.85 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.10 77.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 207.91 77.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 238.94 77.25 Td (on ) Tj ET Q q 0 0 0 rg BT 252.76 77.25 Td (near) Tj ET Q q 0 0 0 rg BT 269.77 77.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 295.24 77.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 341.82 77.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.20 77.25 Td (demand. ) Tj ET Q q 0 0 0 rg BT 394.17 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.99 77.25 Td (In ) Tj ET Q q 0 0 0 rg BT 410.14 77.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 467.83 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.97 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.01 77.25 Td (current ) Tj ET Q q 0 0 0 rg BT 528.14 77.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 542.51 77.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 102.62 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.64 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.44 65.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 176.11 65.25 Td (s ) Tj ET Q q 0 0 0 rg BT 182.58 65.25 Td (desire ) Tj ET Q q 0 0 0 rg BT 209.04 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.40 65.25 Td (preserve ) Tj ET Q q 0 0 0 rg BT 255.85 65.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 291.21 65.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 324.45 65.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.54 65.25 Td (we ) Tj ET Q q 0 0 0 rg BT 343.78 65.25 Td (have ) Tj ET Q q 0 0 0 rg BT 365.24 65.25 Td (set ) Tj ET Q q 0 0 0 rg BT 378.93 65.25 Td (our ) Tj ET Q q 0 0 0 rg BT 394.84 65.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 417.42 65.25 Td (base ) Tj ET Q q 0 0 0 rg BT 437.77 65.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 467.00 65.25 Td (budget ) Tj ET Q q 0 0 0 rg BT 496.80 65.25 Td (at ) Tj ET Q q 0 0 0 rg BT 506.60 65.25 Td (between ) Tj ET Q q 0 0 0 rg BT 542.50 65.25 Td ($175 ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.60 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.24 713.10 Td ($185 ) Tj ET Q q 0 0 0 rg BT 119.45 713.10 Td (million ) Tj ET Q q 0 0 0 rg BT 150.55 713.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 195.52 713.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 241.03 713.10 Td (interest\), ) Tj ET Q q 0 0 0 rg BT 278.50 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 305.14 713.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 340.67 713.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 357.88 713.10 Td (million ) Tj ET Q q 0 0 0 rg BT 388.98 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.51 713.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 428.37 713.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 468.89 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.87 713.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 523.85 713.10 Td (near) Tj ET Q q 0 0 0 rg BT 540.86 713.10 Td (-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 699.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.88 701.10 Td (development ) Tj ET Q q 0 0 0 rg BT 122.77 701.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 161.11 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.57 701.10 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 196.69 701.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 222.31 701.10 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 261.77 701.10 Td (\(�CCA�\) ) Tj ET Q q 0 0 0 rg BT 300.11 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 310.68 701.10 Td (further ) Tj ET Q q 0 0 0 rg BT 340.13 701.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 380.70 701.10 Td (below) Tj ET Q q 0 0 0 rg BT 404.49 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 409.23 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.31 701.10 Td (This ) Tj ET Q q 0 0 0 rg BT 431.33 701.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 453.57 701.10 Td (base ) Tj ET Q q 0 0 0 rg BT 473.58 701.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.47 701.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 531.93 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 540.84 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 547.52 701.10 Td ($57 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.55 689.10 Td (\(24%\) ) Tj ET Q q 0 0 0 rg BT 107.71 689.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 147.63 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 169.24 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.73 689.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 206.89 689.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 232.93 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 261.74 689.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 311.11 689.10 Td (level. ) Tj ET Q q 0 0 0 rg BT 335.20 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.21 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.85 689.10 Td (e ) Tj ET Q q 0 0 0 rg BT 352.45 689.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 390.71 689.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 431.74 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.89 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 464.39 689.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 486.55 689.10 Td (base ) Tj ET Q q 0 0 0 rg BT 506.48 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 535.30 689.10 Td (budget ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.71 677.10 Td ($175 ) Tj ET Q q 0 0 0 rg BT 81.60 677.10 Td (million ) Tj ET Q q 0 0 0 rg BT 112.37 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.04 677.10 Td ($185 ) Tj ET Q q 0 0 0 rg BT 143.92 677.10 Td (million ) Tj ET Q q 0 0 0 rg BT 174.69 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 192.13 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 203.46 677.10 Td (more ) Tj ET Q q 0 0 0 rg BT 225.89 677.10 Td (than ) Tj ET Q q 0 0 0 rg BT 244.99 677.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 265.76 677.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 295.41 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.07 677.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 334.73 677.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 354.94 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 376.26 677.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 419.80 677.10 Td (\(assuming ) Tj ET Q q 0 0 0 rg BT 462.79 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.12 677.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 486.00 677.10 Td (per ) Tj ET Q q 0 0 0 rg BT 500.65 677.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 525.85 677.10 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 63.14 665.10 Td (price\) ) Tj ET Q q 0 0 0 rg BT 89.55 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.07 665.10 Td (should ) Tj ET Q q 0 0 0 rg BT 136.83 665.10 Td (result ) Tj ET Q q 0 0 0 rg BT 162.13 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.00 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.30 665.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.28 665.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 275.57 665.10 Td (upwards ) Tj ET Q q 0 0 0 rg BT 312.54 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.95 665.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 347.04 665.10 Td (million ) Tj ET Q q 0 0 0 rg BT 379.02 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.44 665.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.29 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.16 665.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 451.35 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.76 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 479.18 665.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.92 665.10 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (without ) Tj ET Q q 0 0 0 rg BT 83.65 653.10 Td (including ) Tj ET Q q 0 0 0 rg BT 125.03 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.84 653.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 179.97 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 203.01 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.83 653.10 Td (Pending ) Tj ET Q q 0 0 0 rg BT 255.20 653.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 277.13 653.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 303.24 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.88 653.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 341.59 653.10 Td (Interests ) Tj ET Q q 0 0 0 rg BT 379.06 653.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 399.88 653.10 Td (\(from ) Tj ET Q q 0 0 0 rg BT 426.24 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 454.28 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 469.54 653.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 499.23 653.10 Td (net ) Tj ET Q q 0 0 0 rg BT 515.04 653.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 554.18 653.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.23 641.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 126.20 641.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 160.39 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.69 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.87 641.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 214.05 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.35 641.10 Td (any ) Tj ET Q q 0 0 0 rg BT 240.76 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 263.28 641.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 300.24 641.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 352.47 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.30 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 362.93 641.10 Td (e ) Tj ET Q q 0 0 0 rg BT 369.34 641.10 Td (also ) Tj ET Q q 0 0 0 rg BT 387.42 641.10 Td (have ) Tj ET Q q 0 0 0 rg BT 408.27 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.79 641.10 Td (price ) Tj ET Q q 0 0 0 rg BT 442.75 641.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 472.48 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 484.45 641.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 544.18 641.10 Td (70% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.36 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.22 629.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 117.08 629.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 139.61 629.10 Td (production ) Tj ET Q q 0 0 0 rg BT 185.46 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.77 629.10 Td (order ) Tj ET Q q 0 0 0 rg BT 219.40 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.71 629.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 260.01 629.10 Td (against ) Tj ET Q q 0 0 0 rg BT 290.87 629.10 Td (downward ) Tj ET Q q 0 0 0 rg BT 335.61 629.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 348.70 629.10 Td (price ) Tj ET Q q 0 0 0 rg BT 371.22 629.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 409.86 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.83 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.14 629.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 470.22 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.19 629.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 506.36 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.22 629.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 554.74 629.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 617.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 87.83 617.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 128.65 617.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.92 617.10 Td (flow) Tj ET Q q 0 0 0 rg BT 166.60 617.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (An ) Tj ET Q q 0 0 0 rg BT 81.63 593.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.54 593.10 Td ($140 ) Tj ET Q q 0 0 0 rg BT 145.45 593.10 Td (million ) Tj ET Q q 0 0 0 rg BT 176.25 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.94 593.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 207.85 593.10 Td (million ) Tj ET Q q 0 0 0 rg BT 238.65 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.90 593.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 277.46 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.03 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.16 593.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 325.17 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.08 593.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 340.97 591.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.22 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.13 593.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 376.92 593.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 399.94 593.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 456.00 593.10 Td (most ) Tj ET Q q 0 0 0 rg BT 477.36 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.60 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 513.95 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 522.53 593.10 Td (scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.89 581.10 Td (be ) Tj ET Q q 0 0 0 rg BT 71.94 581.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 95.66 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.05 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.88 581.10 Td (second ) Tj ET Q q 0 0 0 rg BT 151.26 581.10 Td (half ) Tj ET Q q 0 0 0 rg BT 169.42 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.36 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.18 581.10 Td (year) Tj ET Q q 0 0 0 rg BT 211.99 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 217.10 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 226.38 581.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 257.32 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.71 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.54 581.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 324.20 581.10 Td (s ) Tj ET Q q 0 0 0 rg BT 330.71 581.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 366.10 581.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 413.15 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.20 581.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 474.46 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.40 581.10 Td (all ) Tj ET Q q 0 0 0 rg BT 498.00 581.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 532.82 581.10 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.01 569.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 103.31 569.10 Td (price ) Tj ET Q q 0 0 0 rg BT 126.03 569.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 160.98 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.16 569.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 233.38 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.55 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.51 569.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 307.18 569.10 Td (s ) Tj ET Q q 0 0 0 rg BT 313.81 569.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 343.20 569.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 383.69 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.87 569.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 434.11 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.35 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.53 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.94 569.10 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 515.89 569.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 538.63 569.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.37 557.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 116.29 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.55 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 136.53 557.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 177.82 557.10 Td ($155 ) Tj ET Q q 0 0 0 rg BT 200.26 557.10 Td (million ) Tj ET Q q 0 0 0 rg BT 231.58 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.34 557.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 276.43 557.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 298.86 557.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 318.87 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.31 557.10 Td (tertiary-related ) Tj ET Q q 0 0 0 rg BT 383.15 557.10 Td (development ) Tj ET Q q 0 0 0 rg BT 437.23 557.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 466.31 557.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 500.42 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.18 557.10 Td ($105 ) Tj ET Q q 0 0 0 rg BT 533.61 557.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.57 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.20 545.10 Td (105-mile ) Tj ET Q q 0 0 0 rg BT 119.72 545.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 161.45 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.20 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.83 545.10 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 233.87 545.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 270.06 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.25 545.10 Td (CCA, ) Tj ET Q q 0 0 0 rg BT 307.72 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 328.91 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.54 545.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 388.49 545.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 430.21 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.40 545.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 481.74 545.10 Td (well ) Tj ET Q q 0 0 0 rg BT 502.37 545.10 Td (work ) Tj ET Q q 0 0 0 rg BT 526.33 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.18 545.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 106.15 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.47 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.52 533.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 167.90 533.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 206.50 533.10 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 251.76 533.10 Td (finalizing ) Tj ET Q q 0 0 0 rg BT 292.58 533.10 Td (its ) Tj ET Q q 0 0 0 rg BT 304.52 533.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 327.02 533.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 356.17 533.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 379.78 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.94 533.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 413.95 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.45 533.10 Td (during ) Tj ET Q q 0 0 0 rg BT 445.06 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.78 533.10 Td (second ) Tj ET Q q 0 0 0 rg BT 490.05 533.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 517.81 533.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.15 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.37 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.92 509.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 150.78 509.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 189.11 509.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 214.93 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 228.81 509.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 267.12 509.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 308.20 509.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 330.42 509.10 Td (average ) Tj ET Q q 0 0 0 rg BT 363.71 509.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 385.93 509.10 Td (production ) Tj ET Q q 0 0 0 rg BT 431.47 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.46 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 453.12 509.10 Td (between ) Tj ET Q q 0 0 0 rg BT 488.65 509.10 Td (53,000 ) Tj ET Q q 0 0 0 rg BT 518.36 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.02 509.10 Td (56,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 82.48 497.10 Td (after ) Tj ET Q q 0 0 0 rg BT 103.49 497.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 142.85 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.21 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.12 497.10 Td (Pending ) Tj ET Q q 0 0 0 rg BT 207.59 497.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 228.62 497.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 253.90 497.10 Td (W) Tj ET Q q 0 0 0 rg BT 262.54 497.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 291.34 497.10 Td (Interests ) Tj ET Q q 0 0 0 rg BT 327.92 497.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 347.83 497.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 366.63 497.10 Td (Overview ) Tj ET Q q 0 0 0 rg BT 407.64 497.10 Td (� ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 415.34 497.10 Td (Pending ) Tj ET Q q 0 0 0 rg BT 451.36 497.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 471.27 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.75 497.10 Td (W) Tj ET Q q 0 0 0 rg BT 489.16 497.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 517.96 497.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 537.03 497.10 Td (ests ) Tj ET Q q 0 0 0 rg BT 554.73 497.10 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 83.21 485.10 Td (T) Tj ET Q q 0 0 0 rg BT 87.85 485.10 Td (exas ) Tj ET Q q 0 0 0 rg BT 108.78 485.10 Td (Fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.77 485.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 142.76 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.68 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 164.38 485.10 Td (production ) Tj ET Q q 0 0 0 rg BT 210.86 485.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 255.11 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 276.04 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.42 485.10 Td (Pending ) Tj ET Q q 0 0 0 rg BT 327.35 485.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 348.83 485.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 374.54 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 383.17 485.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 412.44 485.10 Td (Interests ) Tj ET Q q 0 0 0 rg BT 449.47 485.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 469.84 485.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 509.08 485.10 Td (1,170 ) Tj ET Q q 0 0 0 rg BT 534.73 485.10 Td (BOE/d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.79 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.19 473.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 121.81 473.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 153.31 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.83 473.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 190.51 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.69 473.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 212.43 473.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 259.48 473.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 282.66 473.10 Td (production ) Tj ET Q q 0 0 0 rg BT 329.17 473.10 Td (level ) Tj ET Q q 0 0 0 rg BT 351.79 473.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 393.29 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.25 473.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 427.43 473.10 Td (average ) Tj ET Q q 0 0 0 rg BT 461.70 473.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 507.66 473.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.17 473.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (56,914 ) Tj ET Q q 0 0 0 rg BT 80.14 461.10 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 113.56 461.10 Td (after ) Tj ET Q q 0 0 0 rg BT 135.02 461.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 175.92 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 190.72 461.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 213.86 461.10 Td (property ) Tj ET Q q 0 0 0 rg BT 250.88 461.10 Td (divestitures ) Tj ET Q q 0 0 0 rg BT 300.13 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.71 461.10 Td (production ) Tj ET Q q 0 0 0 rg BT 364.17 461.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 408.41 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.33 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.69 461.10 Td (Pending ) Tj ET Q q 0 0 0 rg BT 480.60 461.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 502.08 461.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 527.77 461.10 Td (W) Tj ET Q q 0 0 0 rg BT 536.41 461.10 Td (orking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (Interests ) Tj ET Q q 0 0 0 rg BT 85.88 449.10 Td (Sale.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 95.10 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.13 425.10 Td (Secur) Tj ET Q q 0 0 0 rg BT 121.39 425.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 133.42 425.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 158.24 425.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 169.72 425.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 187.86 425.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 219.52 425.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.05 425.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.08 425.10 Td (In ) Tj ET Q q 0 0 0 rg BT 236.45 425.10 Td (December ) Tj ET Q q 0 0 0 rg BT 279.56 425.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 304.09 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 317.78 425.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 349.24 425.10 Td (into ) Tj ET Q q 0 0 0 rg BT 366.83 425.10 Td (an ) Tj ET Q q 0 0 0 rg BT 377.85 425.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 418.76 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.23 425.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 471.69 425.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 498.27 425.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 544.72 425.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (JPMor) Tj ET Q q 0 0 0 rg BT 75.99 413.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 92.37 413.10 Td (Chase ) Tj ET Q q 0 0 0 rg BT 118.75 413.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 144.29 413.10 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 168.17 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 178.44 413.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 237.58 413.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 263.68 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.05 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 302.54 413.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 333.35 413.10 Td (party ) Tj ET Q q 0 0 0 rg BT 355.84 413.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 385.54 413.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 399.14 413.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 439.67 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.82 413.10 Td (�Bank ) Tj ET Q q 0 0 0 rg BT 481.31 413.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 507.81 413.10 Td (Agreement�\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.89 401.10 Td (has ) Tj ET Q q 0 0 0 rg BT 93.16 401.10 Td (been ) Tj ET Q q 0 0 0 rg BT 114.99 401.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 154.03 401.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 204.73 401.10 Td (since ) Tj ET Q q 0 0 0 rg BT 228.23 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 246.17 401.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 269.39 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.12 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.62 401.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 314.67 401.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 341.96 401.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 389.33 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.95 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.33 401.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 433.72 401.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 467.20 401.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 508.48 401.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.19 401.10 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.01 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.18 389.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 113.79 389.10 Td (date ) Tj ET Q q 0 0 0 rg BT 133.17 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.23 389.10 Td (December ) Tj ET Q q 0 0 0 rg BT 188.04 389.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 198.27 389.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 223.50 389.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 261.78 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 279.50 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.45 389.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 331.06 389.10 Td (date ) Tj ET Q q 0 0 0 rg BT 350.45 389.10 Td (may ) Tj ET Q q 0 0 0 rg BT 370.39 389.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 395.33 389.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 423.59 389.10 Td (\(February ) Tj ET Q q 0 0 0 rg BT 465.75 389.10 Td (12, ) Tj ET Q q 0 0 0 rg BT 480.98 389.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 506.21 389.10 Td (May ) Tj ET Q q 0 0 0 rg BT 527.27 389.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 542.50 389.10 Td (2021 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.86 377.10 Td (August ) Tj ET Q q 0 0 0 rg BT 91.36 377.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 106.47 377.10 Td (2021\) ) Tj ET Q q 0 0 0 rg BT 132.40 377.10 Td (if ) Tj ET Q q 0 0 0 rg BT 141.12 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.05 377.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 179.66 377.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 208.37 377.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 243.19 377.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 269.12 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 280.06 377.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 285.06 374.94 cm /I28 Do Q q 0 0 0 rg BT 292.56 377.10 Td (% ) Tj ET Q q 0 0 0 rg BT 303.50 377.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 332.21 377.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 388.14 377.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 414.08 377.10 Td (due ) Tj ET Q q 0 0 0 rg BT 431.13 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.93 377.10 Td (August ) Tj ET Q q 0 0 0 rg BT 472.43 377.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 497.54 377.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 545.20 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.31 377.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.68 365.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 94.06 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.79 365.10 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 151.39 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.79 365.10 Td (each ) Tj ET Q q 0 0 0 rg BT 186.50 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.23 365.10 Td (their ) Tj ET Q q 0 0 0 rg BT 219.96 365.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 263.89 365.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 301.17 365.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 325.12 365.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 344.62 365.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 365.23 365.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 399.74 365.10 Td (� ) Tj ET Q q 0 0 0 rg BT 408.14 365.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 427.65 365.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 450.49 365.10 Td (cr) Tj ET Q q 0 0 0 rg BT 458.45 365.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 476.85 365.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 508.01 365.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 545.30 365.10 Td (date ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (�springs ) Tj ET Q q 0 0 0 rg BT 87.27 353.10 Td (forwar) Tj ET Q q 0 0 0 rg BT 114.13 353.10 Td (d� ) Tj ET Q q 0 0 0 rg BT 127.45 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.99 353.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 161.85 353.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 191.83 353.10 Td (than ) Tj ET Q q 0 0 0 rg BT 212.37 353.10 Td (December ) Tj ET Q q 0 0 0 rg BT 256.21 353.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 266.47 353.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 289.23 353.10 Td (if ) Tj ET Q q 0 0 0 rg BT 297.54 353.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.63 353.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 373.05 353.10 Td (ar) Tj ET Q q 0 0 0 rg BT 381.57 353.10 Td (e ) Tj ET Q q 0 0 0 rg BT 388.76 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 404.30 353.10 Td (satisfied\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.97 353.10 Td (. ) Tj ET Q q 0 0 0 rg BT 446.22 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.78 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 467.09 353.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 490.95 353.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 518.10 353.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 85.33 341.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 115.03 341.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.51 341.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 205.53 341.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 248.02 341.10 Td (through ) Tj ET Q q 0 0 0 rg BT 281.62 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.34 341.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 332.72 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.55 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.27 341.10 Td (facility) Tj ET Q q 0 0 0 rg BT 385.94 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.94 341.10 Td (including ) Tj ET Q q 0 0 0 rg BT 431.21 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.93 341.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.47 317.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 131.38 317.10 Td (T) Tj ET Q q 0 0 0 rg BT 136.79 317.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 154.09 317.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 175.83 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.91 317.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 240.99 317.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 287.17 317.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 324.45 317.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 377.28 317.10 Td (covenant, ) Tj ET Q q 0 0 0 rg BT 418.18 317.10 Td (with ) Tj ET Q q 0 0 0 rg BT 438.26 317.10 Td (such ) Tj ET Q q 0 0 0 rg BT 458.89 317.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 479.52 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 494.60 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.68 317.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.74 317.10 Td (5.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.24 317.10 Td (�to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 82.50 305.10 Td (through ) Tj ET Q q 0 0 0 rg BT 116.11 305.10 Td (December ) Tj ET Q q 0 0 0 rg BT 159.69 305.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 174.69 305.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 197.19 305.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.13 305.10 Td (4.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.63 305.10 Td (�to ) Tj ET Q q 0 0 0 rg BT 244.41 305.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 259.41 305.10 Td (thereafter;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.65 293.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 129.67 293.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 156.58 293.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 189.60 293.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 209.29 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.55 293.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 272.57 293.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 318.93 293.10 Td (covenant, ) Tj ET Q q 0 0 0 rg BT 360.00 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.26 293.10 Td (such ) Tj ET Q q 0 0 0 rg BT 401.07 293.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 421.87 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 437.13 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.38 293.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 477.61 293.10 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 492.59 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.85 293.10 Td (1.0. ) Tj ET Q q 0 0 0 rg BT 520.33 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.81 293.10 Td (Only ) Tj ET Q q 0 0 0 rg BT 545.28 293.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.10 Td (under ) Tj ET Q q 0 0 0 rg BT 92.77 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.60 281.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 132.21 281.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 159.15 281.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 206.07 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.24 281.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 261.06 281.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 314.10 281.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 341.04 281.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 374.08 281.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 393.79 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.95 281.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 446.01 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.84 281.10 Td (this ) Tj ET Q q 0 0 0 rg BT 473.78 281.10 Td (ratio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.67 269.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 118.06 269.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 158.88 269.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 179.71 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.54 269.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 243.58 269.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 289.96 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.24 269.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 353.28 269.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 385.21 269.10 Td (char) Tj ET Q q 0 0 0 rg BT 402.24 269.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 418.07 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.90 269.10 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 448.90 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.18 269.10 Td (1.0; ) Tj ET Q q 0 0 0 rg BT 476.96 269.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.43 257.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 126.99 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.03 257.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 174.27 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.97 257.10 Td (current ) Tj ET Q q 0 0 0 rg BT 211.54 257.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 232.12 257.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 252.42 257.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 307.45 257.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 339.76 257.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 368.13 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.16 257.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 433.19 257.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 465.99 257.10 Td (Liabilities\) ) Tj ET Q q 0 0 0 rg BT 512.12 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.71 257.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 537.47 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.50 257.10 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.10 Td (For ) Tj ET Q q 0 0 0 rg BT 83.60 233.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 121.36 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.89 233.10 Td (computing ) Tj ET Q q 0 0 0 rg BT 176.87 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.29 233.10 Td (current ) Tj ET Q q 0 0 0 rg BT 221.82 233.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 242.35 233.10 Td (per ) Tj ET Q q 0 0 0 rg BT 257.32 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.74 233.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 295.06 233.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 321.77 233.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 370.90 233.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 425.88 233.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 458.15 233.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 486.47 233.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 519.77 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.19 233.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.52 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.99 221.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 133.11 221.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 158.57 221.10 Td (but ) Tj ET Q q 0 0 0 rg BT 173.49 221.10 Td (include ) Tj ET Q q 0 0 0 rg BT 205.06 221.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 248.85 221.10 Td (base ) Tj ET Q q 0 0 0 rg BT 268.76 221.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 315.88 221.10 Td (under ) Tj ET Q q 0 0 0 rg BT 340.78 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.14 221.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 381.71 221.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 414.39 221.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 435.96 221.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 460.86 221.10 Td (facility) Tj ET Q q 0 0 0 rg BT 488.53 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 493.17 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.74 221.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 82.94 209.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 126.39 209.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 160.38 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.50 209.10 Td (current ) Tj ET Q q 0 0 0 rg BT 206.71 209.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 238.49 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.72 209.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 292.60 209.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 332.72 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 343.94 209.10 Td (well ) Tj ET Q q 0 0 0 rg BT 364.06 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 375.29 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.40 209.10 Td (current ) Tj ET Q q 0 0 0 rg BT 421.61 209.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 457.29 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.52 209.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 510.85 209.10 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 101.17 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 95.52 173.10 Td (these ) Tj ET Q q 0 0 0 rg BT 119.10 173.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.12 173.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 210.67 173.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 249.80 173.10 Td (calculations, ) Tj ET Q q 0 0 0 rg BT 303.09 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 314.46 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.82 173.10 Td (December ) Tj ET Q q 0 0 0 rg BT 369.94 173.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 385.47 173.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 411.01 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.37 173.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 448.73 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.09 173.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 513.67 173.10 Td (total ) Tj ET Q q 0 0 0 rg BT 534.48 173.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.73 173.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.30 161.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 148.43 161.10 Td (was ) Tj ET Q q 0 0 0 rg BT 166.24 161.10 Td (3.74 ) Tj ET Q q 0 0 0 rg BT 185.99 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.02 161.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 210.77 161.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 234.14 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.83 161.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 283.63 161.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 324.21 161.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 344.79 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.37 161.10 Td (5.25 ) Tj ET Q q 0 0 0 rg BT 375.12 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.15 161.10 Td (1.0\), ) Tj ET Q q 0 0 0 rg BT 405.74 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 421.32 161.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 441.90 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.48 161.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 505.28 161.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 531.97 161.10 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 68.44 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.94 149.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.21 149.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 175.81 149.10 Td (was ) Tj ET Q q 0 0 0 rg BT 193.08 149.10 Td (0.00 ) Tj ET Q q 0 0 0 rg BT 212.31 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.81 149.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 236.03 149.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 258.86 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.02 149.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 307.30 149.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 347.34 149.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 367.39 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.44 149.10 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 391.66 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.16 149.10 Td (1.0\), ) Tj ET Q q 0 0 0 rg BT 421.22 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.27 149.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 456.32 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.37 149.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 518.63 149.10 Td (EBITDAX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 137.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 112.82 137.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 144.75 137.10 Td (char) Tj ET Q q 0 0 0 rg BT 161.78 137.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 177.61 137.10 Td (was ) Tj ET Q q 0 0 0 rg BT 195.66 137.10 Td (3.17 ) Tj ET Q q 0 0 0 rg BT 215.66 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.93 137.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 240.93 137.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 264.54 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.48 137.10 Td (required ) Tj ET Q q 0 0 0 rg BT 307.29 137.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 328.12 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.95 137.10 Td (not ) Tj ET Q q 0 0 0 rg BT 354.22 137.10 Td (less ) Tj ET Q q 0 0 0 rg BT 371.72 137.10 Td (than ) Tj ET Q q 0 0 0 rg BT 391.44 137.10 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 411.44 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.71 137.10 Td (1.0\), ) Tj ET Q q 0 0 0 rg BT 442.54 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.48 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.31 137.10 Td (current ) Tj ET Q q 0 0 0 rg BT 506.12 137.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 526.95 137.10 Td (was ) Tj ET Q q 0 0 0 rg BT 545.00 137.10 Td (2.75 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.32 125.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 73.86 125.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 97.01 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.49 125.10 Td (required ) Tj ET Q q 0 0 0 rg BT 138.85 125.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 159.21 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.58 125.10 Td (not ) Tj ET Q q 0 0 0 rg BT 184.40 125.10 Td (less ) Tj ET Q q 0 0 0 rg BT 201.44 125.10 Td (than ) Tj ET Q q 0 0 0 rg BT 220.70 125.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 235.24 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.06 125.10 Td (1.0\). ) Tj ET Q q 0 0 0 rg BT 265.43 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.47 125.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 293.95 125.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 315.99 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.37 125.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 369.50 125.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 412.63 125.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 437.99 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.36 125.10 Td (production ) Tj ET Q q 0 0 0 rg BT 493.73 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.21 125.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 534.75 125.10 Td (hedges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.42 113.10 Td (place ) Tj ET Q q 0 0 0 rg BT 82.66 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 93.14 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.61 113.10 Td (February ) Tj ET Q q 0 0 0 rg BT 141.86 113.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 156.50 113.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 181.15 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.73 113.10 Td (current ) Tj ET Q q 0 0 0 rg BT 228.19 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 240.89 113.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 288.59 113.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 318.50 113.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 347.02 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 360.83 113.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 399.07 113.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 440.08 113.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 485.00 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.92 113.10 Td (be ) Tj ET Q q 0 0 0 rg BT 506.51 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.43 113.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.61 101.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.09 101.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 176.11 101.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 218.60 101.10 Td (during ) Tj ET Q q 0 0 0 rg BT 247.21 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.92 101.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 309.94 101.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 77.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.33 77.10 Td (above ) Tj ET Q q 0 0 0 rg BT 111.50 77.10 Td (description ) Tj ET Q q 0 0 0 rg BT 158.22 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.45 77.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 207.85 77.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 234.62 77.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 281.33 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 290.29 77.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 328.12 77.10 Td (by ) Tj ET Q q 0 0 0 rg BT 340.40 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.91 77.10 Td (express ) Tj ET Q q 0 0 0 rg BT 387.19 77.10 Td (language ) Tj ET Q q 0 0 0 rg BT 425.57 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.29 77.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 474.56 77.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 499.07 77.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 540.22 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 77.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 73.11 65.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 100.05 65.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 146.98 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.91 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.63 65.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 231.67 65.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 264.44 65.10 Td (which ) Tj ET Q q 0 0 0 rg BT 291.38 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.08 65.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 326.91 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 337.74 65.10 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 371.90 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.18 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.01 65.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 433.27 65.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 463.54 65.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 484.37 65.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.65 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.36 65.10 Td (SEC.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.50 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.77 701.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 123.71 701.10 Td (Budget ) Tj ET Q q 0 0 0 rg BT 156.04 701.10 Td (Allocation ) Tj ET Q q 0 0 0 rg BT 202.20 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.59 701.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 266.19 701.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 290.14 701.10 Td (Flows. ) Tj ET Q q 0 0 0 rg BT 319.91 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.18 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 330.82 701.10 Td (e ) Tj ET Q q 0 0 0 rg BT 337.53 701.10 Td (have ) Tj ET Q q 0 0 0 rg BT 358.67 701.10 Td (established ) Tj ET Q q 0 0 0 rg BT 405.38 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.09 701.10 Td (base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.13 701.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.13 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.40 701.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 483.32 701.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 532.79 701.10 Td (budget, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 91.99 689.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 138.36 689.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.85 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.35 689.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 241.69 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.08 689.10 Td (between ) Tj ET Q q 0 0 0 rg BT 289.45 689.10 Td ($175 ) Tj ET Q q 0 0 0 rg BT 312.51 689.10 Td (million ) Tj ET Q q 0 0 0 rg BT 344.47 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.97 689.10 Td ($185 ) Tj ET Q q 0 0 0 rg BT 385.03 689.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 419.48 689.10 Td (roughly ) Tj ET Q q 0 0 0 rg BT 453.65 689.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 689.10 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.48 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.54 689.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 520.01 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 542.51 689.10 Td (2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.10 677.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 116.16 677.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 141.43 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.71 677.10 Td ($236.9 ) Tj ET Q q 0 0 0 rg BT 181.16 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.05 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.50 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 234.23 677.10 Td (an ) Tj ET Q q 0 0 0 rg BT 245.62 677.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 287.56 677.10 Td ($140 ) Tj ET Q q 0 0 0 rg BT 309.51 677.10 Td (million ) Tj ET Q q 0 0 0 rg BT 340.35 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.08 677.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 372.03 677.10 Td (million ) Tj ET Q q 0 0 0 rg BT 402.87 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.15 677.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 441.75 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.36 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.53 677.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 489.54 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.49 677.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.38 675.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.63 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.58 677.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 541.40 677.10 Td (flood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (development ) Tj ET Q q 0 0 0 rg BT 104.11 665.10 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 154.28 665.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 177.23 665.10 Td (future ) Tj ET Q q 0 0 0 rg BT 204.07 665.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 231.46 665.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 269.40 665.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 288.46 665.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 311.41 665.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 344.38 665.10 Td (Budget) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.70 665.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 381.49 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.44 665.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 432.94 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 465.33 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.95 665.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 514.00 665.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 555.28 665.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.61 653.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 128.96 653.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.85 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.20 653.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.33 653.10 Td ($45 ) Tj ET Q q 0 0 0 rg BT 190.68 653.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.58 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.93 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 237.94 653.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 263.79 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.90 653.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.80 653.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.15 653.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 339.15 653.10 Td (budget, ) Tj ET Q q 0 0 0 rg BT 372.22 653.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 415.00 653.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 461.66 653.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.44 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.23 653.10 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.44 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.60 641.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 153.08 641.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 191.69 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 202.52 641.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 617.10 Td ($75 ) Tj ET Q q 0 0 0 rg BT 103.00 617.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.39 617.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 172.98 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.14 617.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 218.51 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 231.57 617.10 Td (field ) Tj ET Q q 0 0 0 rg BT 252.39 617.10 Td (expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 605.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 605.10 Td ($55 ) Tj ET Q q 0 0 0 rg BT 103.00 605.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.39 605.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 172.98 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.14 605.10 Td (other ) Tj ET Q q 0 0 0 rg BT 210.19 605.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 235.72 605.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 275.44 605.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 325.14 605.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 338.20 605.10 Td (field ) Tj ET Q q 0 0 0 rg BT 359.02 605.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 412.61 605.10 Td (including ) Tj ET Q q 0 0 0 rg BT 452.89 605.10 Td (exploitation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 103.00 593.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.39 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.67 593.10 Td (be ) Tj ET Q q 0 0 0 rg BT 156.61 593.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 180.22 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.72 593.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.61 591.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.86 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.36 593.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 244.85 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.79 593.10 Td (pipelines; ) Tj ET Q q 0 0 0 rg BT 303.17 593.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 581.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 103.22 581.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.11 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.83 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.22 581.10 Td (other ) Tj ET Q q 0 0 0 rg BT 172.48 581.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 201.85 581.10 Td (items ) Tj ET Q q 0 0 0 rg BT 226.24 581.10 Td (such ) Tj ET Q q 0 0 0 rg BT 247.29 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.34 581.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 304.37 581.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 337.63 581.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 386.74 581.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 435.00 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.16 581.10 Td (development ) Tj ET Q q 0 0 0 rg BT 506.53 581.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.25 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.41 581.10 Td (pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.33 569.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 162.70 569.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 192.41 569.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (An ) Tj ET Q q 0 0 0 rg BT 81.89 545.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 124.05 545.10 Td ($140 ) Tj ET Q q 0 0 0 rg BT 146.22 545.10 Td (million ) Tj ET Q q 0 0 0 rg BT 177.28 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.23 545.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 209.40 545.10 Td (million ) Tj ET Q q 0 0 0 rg BT 240.46 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.96 545.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 270.97 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.14 545.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 287.03 543.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.28 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.45 545.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 323.49 545.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 346.77 545.10 Td (development ) Tj ET Q q 0 0 0 rg BT 400.59 545.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 429.41 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 438.25 545.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 468.74 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.69 545.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 505.30 545.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 544.95 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 545.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 89.68 533.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 122.66 533.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 143.98 533.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 163.99 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.31 533.10 Td (tertiary-related ) Tj ET Q q 0 0 0 rg BT 226.04 533.10 Td (development ) Tj ET Q q 0 0 0 rg BT 279.01 533.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 306.98 533.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 339.97 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.62 533.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 408.70 533.10 Td ($105 ) Tj ET Q q 0 0 0 rg BT 430.02 533.10 Td (million ) Tj ET Q q 0 0 0 rg BT 460.23 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 473.21 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.75 533.10 Td (105-mile ) Tj ET Q q 0 0 0 rg BT 524.18 533.10 Td (extension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 521.10 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 119.18 521.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 154.46 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.73 521.10 Td (CCA, ) Tj ET Q q 0 0 0 rg BT 190.30 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 210.57 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.29 521.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 268.32 521.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 309.13 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.41 521.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 358.84 521.10 Td (well ) Tj ET Q q 0 0 0 rg BT 378.56 521.10 Td (work ) Tj ET Q q 0 0 0 rg BT 401.61 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.55 521.10 Td (field ) Tj ET Q q 0 0 0 rg BT 439.37 521.10 Td (development.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 93.89 497.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 115.84 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.13 497.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 169.17 497.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 212.21 497.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 237.48 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.77 497.10 Td (production ) Tj ET Q q 0 0 0 rg BT 293.04 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.43 497.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 333.89 497.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 381.39 497.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 411.11 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.84 497.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 446.39 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.78 497.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 502.51 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.90 497.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 525.85 497.10 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 63.19 485.10 Td (price ) Tj ET Q q 0 0 0 rg BT 86.31 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.22 485.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 122.86 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 137.65 485.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 166.88 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.01 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.47 485.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 222.37 485.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 243.84 485.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.41 485.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 311.20 485.10 Td (should ) Tj ET Q q 0 0 0 rg BT 341.00 485.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 394.13 485.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 425.01 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.48 485.10 Td (base ) Tj ET Q q 0 0 0 rg BT 462.38 485.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 485.51 485.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 515.30 485.10 Td (expenditure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 79.56 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.74 473.10 Td ($175 ) Tj ET Q q 0 0 0 rg BT 113.58 473.10 Td (million ) Tj ET Q q 0 0 0 rg BT 145.32 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.95 473.10 Td ($185 ) Tj ET Q q 0 0 0 rg BT 178.79 473.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 213.03 473.10 Td (by ) Tj ET Q q 0 0 0 rg BT 225.87 473.10 Td (upwards ) Tj ET Q q 0 0 0 rg BT 262.60 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.78 473.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 296.62 473.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 330.86 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.08 473.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 376.48 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.55 473.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 434.38 473.10 Td ($140 ) Tj ET Q q 0 0 0 rg BT 457.23 473.10 Td (million ) Tj ET Q q 0 0 0 rg BT 488.97 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.59 473.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 522.44 473.10 Td (million ) Tj ET Q q 0 0 0 rg BT 554.17 473.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 69.51 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.85 461.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 100.85 461.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 139.30 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.32 461.10 Td (approved, ) Tj ET Q q 0 0 0 rg BT 190.37 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.38 461.10 Td (would ) Tj ET Q q 0 0 0 rg BT 231.72 461.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 260.16 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 277.50 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.18 461.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.17 461.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 375.61 461.10 Td (would ) Tj ET Q q 0 0 0 rg BT 402.96 461.10 Td (be ) Tj ET Q q 0 0 0 rg BT 414.74 461.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 454.84 461.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 478.84 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.97 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.64 461.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 524.76 461.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (\(inclusive ) Tj ET Q q 0 0 0 rg BT 90.52 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.44 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.80 449.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 139.72 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 160.74 449.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 203.99 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.01 449.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 236.60 449.10 Td (million ) Tj ET Q q 0 0 0 rg BT 267.08 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.00 449.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 322.46 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 341.81 449.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 378.94 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 399.96 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.77 449.10 Td (Pending ) Tj ET Q q 0 0 0 rg BT 448.14 449.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 468.06 449.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 492.31 449.10 Td (W) Tj ET Q q 0 0 0 rg BT 500.94 449.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 528.64 449.10 Td (Interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Sale\) ) Tj ET Q q 0 0 0 rg BT 72.45 437.10 Td (before ) Tj ET Q q 0 0 0 rg BT 100.40 437.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 149.46 437.10 Td (any ) Tj ET Q q 0 0 0 rg BT 166.30 437.10 Td (other ) Tj ET Q q 0 0 0 rg BT 189.26 437.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 226.65 437.10 Td (land ) Tj ET Q q 0 0 0 rg BT 246.28 437.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 270.62 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.03 437.10 Td (If ) Tj ET Q q 0 0 0 rg BT 282.09 437.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 308.38 437.10 Td (were ) Tj ET Q q 0 0 0 rg BT 330.21 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.40 437.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 377.22 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.95 437.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 422.57 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.75 437.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.92 437.10 Td (results ) Tj ET Q q 0 0 0 rg BT 501.43 437.10 Td (were ) Tj ET Q q 0 0 0 rg BT 523.27 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.45 437.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 558.07 437.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 89.17 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.85 425.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 144.61 425.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 166.52 425.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 186.19 425.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 210.31 425.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 262.20 425.10 Td (below ) Tj ET Q q 0 0 0 rg BT 288.54 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.77 425.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 341.77 425.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 384.76 425.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 424.42 425.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.09 425.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 470.72 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 484.28 425.10 Td (would ) Tj ET Q q 0 0 0 rg BT 511.18 425.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 535.85 425.10 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.63 413.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 93.09 413.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 148.48 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.89 413.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 168.91 413.10 Td (sizeable ) Tj ET Q q 0 0 0 rg BT 202.92 413.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 242.49 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.07 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.20 413.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 295.65 413.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 333.57 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 349.81 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.39 413.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 383.96 413.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 403.53 413.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 427.56 413.10 Td (would ) Tj ET Q q 0 0 0 rg BT 454.36 413.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 478.94 413.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 503.51 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 518.64 413.10 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 401.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 121.15 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.43 401.10 Td (future ) Tj ET Q q 0 0 0 rg BT 157.81 401.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 101.92 377.10 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 150.64 377.10 Td (e ) Tj ET Q q 0 0 0 rg BT 157.83 377.10 Td (Summary) Tj ET Q q 0 0 0 rg BT 199.50 377.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 377.10 Td (��) Tj ET Q q 0 0 0 rg BT 206.82 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 225.12 377.10 Td (following ) Tj ET Q q 0 0 0 rg BT 266.75 377.10 Td (table ) Tj ET Q q 0 0 0 rg BT 288.94 377.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 321.11 377.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 357.18 377.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.58 377.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 440.42 377.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 484.28 377.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 518.11 377.10 Td (capital\) ) Tj ET Q q 0 0 0 rg BT 550.84 377.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 365.10 Td (years ) Tj ET Q q 0 0 0 rg BT 87.82 365.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 114.19 365.10 Td (December ) Tj ET Q q 0 0 0 rg BT 157.78 365.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.78 365.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.78 365.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.78 365.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.78 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.28 365.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.21 365.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 365.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 324.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 324.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 324.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 324.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 294.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 294.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 294.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 294.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 264.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 264.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 264.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 264.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 234.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 234.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 234.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 234.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 204.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 204.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 204.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 204.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 204.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 204.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 204.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 174.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 174.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 174.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 174.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 174.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 174.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 174.60 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 339.6 m 429 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 339.6 m 433 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 339.6 m 496 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 339.6 m 500 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 339.6 m 563 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 324.6 m 362 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 324.6 m 429 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 324.6 m 496 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 324.6 m 563 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 264.6 m 429 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 264.6 m 496 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 264.6 m 563 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 234.60000000000002 m 429 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 234.60000000000002 m 496 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 234.60000000000002 m 563 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 204.60000000000002 m 429 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 204.60000000000002 m 496 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 204.60000000000002 m 563 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 174.60000000000002 m 429 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 174.60000000000002 m 496 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 174.60000000000002 m 563 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 160.60000000000002 m 429 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 158.60000000000002 m 429 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 160.60000000000002 m 496 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 158.60000000000002 m 496 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 160.60000000000002 m 563 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 158.60000000000002 m 563 158.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.45 344.27 Td (Y) Tj ET Q q 0 0 0 rg BT 418.17 344.27 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 329.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 329.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 329.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 329.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 314.27 Td (Capital expenditures by project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 314.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 314.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 314.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 299.27 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 299.27 Td (ertiary oil fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 299.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 299.27 Td (93,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 299.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 299.27 Td (142,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 299.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 299.27 Td (129,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 284.27 Td (Non-tertiary fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 284.27 Td (71,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 284.27 Td (104,81) Tj ET Q q 0 0 0 rg BT 487.15 284.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 284.27 Td (53,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 269.27 Td (Capitalized internal costs) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 165.58 273.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 269.27 Td (46,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 269.27 Td (46,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 269.27 Td (52,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 254.27 Td (Oil and natural gas capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 254.27 Td (210,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 254.27 Td (293,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 254.27 Td (235,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 239.27 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.39 237.84 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.64 239.27 Td ( pipelines, sources and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 239.27 Td (26,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 239.27 Td (28,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 239.27 Td (5,105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 225.33 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 145.16 225.33 Td (es, befor) Tj ET Q q 0 0 0 rg BT 181.08 225.33 Td (e acquisitions and capitalized inter) Tj ET Q q 0 0 0 rg BT 328.68 225.33 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 224.27 Td (236,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 224.27 Td (322,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 224.27 Td (240,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.27 Td (Acquisitions of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 209.27 Td (284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 209.27 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 209.27 Td (88,777) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 194.28 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 145.25 194.28 Td (es, befor) Tj ET Q q 0 0 0 rg BT 181.17 194.28 Td (e capitalized inter) Tj ET Q q 0 0 0 rg BT 257.08 194.28 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 194.27 Td (237,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 194.27 Td (323,21) Tj ET Q q 0 0 0 rg BT 487.15 194.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 194.27 Td (329,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 179.27 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 179.27 Td (36,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 179.27 Td (37,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 179.27 Td (30,762) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 164.28 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 145.16 164.28 Td (es, total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 164.27 Td (273,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 164.27 Td (360,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 164.27 Td (360,365) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 136.10 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.88 136.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 149.68 136.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 182.72 136.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 231.61 136.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 279.65 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.59 136.10 Td (development ) Tj ET Q q 0 0 0 rg BT 350.74 136.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 373.24 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.18 136.10 Td (pre-production ) Tj ET Q q 0 0 0 rg BT 452.10 136.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 483.47 136.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 513.19 136.10 Td (costs.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 713.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 130.54 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.17 713.25 Td (Obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.62 713.25 Td (. ) Tj ET Q q 0 0 0 rg BT 203.62 713.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.12 713.25 Td (A) Tj ET Q q 0 0 0 rg BT 212.79 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.29 713.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 255.01 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.84 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 281.67 713.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 328.61 713.25 Td (at ) Tj ET Q BT /F1 10.00 Tf 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-13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 676.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 676.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 618.75 132.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 618.75 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 618.75 72.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 618.75 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 618.75 72.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 618.75 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 618.75 72.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 618.75 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 618.75 72.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 618.75 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 618.75 72.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 581.75 132.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 581.75 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 581.75 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 581.75 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 581.75 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 581.75 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 581.75 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 581.75 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 581.75 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 581.75 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 581.75 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 550.75 132.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 550.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 550.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 550.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 550.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 550.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 550.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 550.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 550.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 550.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 550.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 516.75 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 516.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 516.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 516.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 516.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 516.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 516.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 516.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 516.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 516.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 516.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 490.75 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 490.75 4.00 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w 0 i [] 0 d 0 J 0 j 3 M 409.5 689.75 m 413.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 689.75 m 485.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 689.75 m 489.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 689.75 m 561.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 676.75 m 181.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 689.75 m 257.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 676.75 m 257.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 689.75 m 261.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 689.75 m 333.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 676.75 m 333.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 689.75 m 337.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 689.75 m 409.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 676.75 m 409.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 689.75 m 413.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 676.75 m 485.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 676.75 m 561.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 490.75 m 257.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 490.75 m 333.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 490.75 m 409.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 490.75 m 485.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 490.75 m 561.5 490.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 694.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.30 694.00 Td (Payments Due by Period) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 52.00 681.00 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.00 681.00 Td (2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.20 681.00 Td (2021 and 2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.20 681.00 Td (2023 and 2024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 681.00 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 681.00 Td (T) Tj ET Q q 0 0 0 rg BT 521.13 681.00 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 668.00 Td (Contractual obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 668.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 668.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 668.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 668.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 668.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 655.00 Td (Estimated interest payments on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 647.00 Td (senior secured bank credit facility) Tj ET Q q 0 0 0 rg BT 172.14 647.00 Td (,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 639.00 Td (senior secured second lien notes,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 631.00 Td (convertible 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/F1 8.00 Tf ET q 0 0 0 rg BT 298.30 604.00 Td (1,070,587) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 604.00 Td (552,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 604.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 604.00 Td (1,623,049) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 591.70 Td (Convertible senior notes \(principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 583.75 Td (balance\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 586.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 586.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 586.00 Td (245,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 586.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 586.00 Td (245,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 573.70 Td (Subordinated debt \(principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 565.75 Td (balance\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 568.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 568.00 Td (109,730) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 568.00 Td (135,960) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 568.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 568.00 Td (245,690) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 555.70 Td (Operating lease obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.30 555.00 Td (9,934) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 555.00 Td (20,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 555.00 Td (20,617) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 555.00 Td (8,287) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 555.00 Td (59,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 542.70 Td (Pipeline obligations including) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 534.70 Td (interest component) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 534.00 Td (27,822) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 534.00 Td (55,380) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 534.00 Td (53,806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 534.00 Td (88,951) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 534.00 Td (225,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 521.00 Td (Other obligations) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 119.77 524.63 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 521.00 Td (60,836) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 521.00 Td (93,600) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 521.00 Td (65,469) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 521.00 Td (89,615) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 521.00 Td (309,520) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 508.00 Td (Commodity derivative liabilities) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 167.98 511.63 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.30 508.00 Td (8,346) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 508.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 508.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 508.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 508.00 Td (8,346) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 495.00 Td (Asset retirement obligations) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 154.20 498.63 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.30 495.00 Td (4,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 495.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 495.00 Td (51,727) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 495.00 Td (744,729) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 495.00 Td (801,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 482.70 Td (T) Tj ET Q q 0 0 0 rg BT 80.33 482.70 Td (otal contractual obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 482.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 482.00 Td (282,91) Tj ET Q q 0 0 0 rg BT 250.30 482.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 482.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 482.00 Td (1,561,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 482.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.30 482.00 Td (1,208,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 482.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 482.00 Td (931,582) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 482.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 482.00 Td (3,984,178) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.87 454.25 Td (future ) Tj ET Q q 0 0 0 rg BT 140.24 454.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.50 454.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 217.44 454.25 Td (under ) Tj ET Q q 0 0 0 rg BT 242.70 454.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 281.29 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 291.56 454.25 Td (place ) Tj ET Q q 0 0 0 rg BT 315.15 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 325.97 454.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.80 454.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 395.38 454.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.38 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 420.37 454.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 460.08 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.23 454.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 512.26 454.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 550.85 454.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.39 440.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.96 442.25 Td (captured ) Tj ET Q q 0 0 0 rg BT 123.70 442.25 Td (from ) Tj ET Q q 0 0 0 rg BT 145.46 442.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 185.55 442.25 Td (sources, ) Tj ET Q q 0 0 0 rg BT 220.36 442.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 278.22 442.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 326.07 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.83 442.25 Td (well-related ) Tj ET Q q 0 0 0 rg BT 392.89 442.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 417.71 442.25 Td (but ) Tj ET Q q 0 0 0 rg BT 432.81 442.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 470.11 442.25 Td (any ) Tj ET Q q 0 0 0 rg BT 486.87 442.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 524.18 442.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.25 Td (related ) Tj ET Q q 0 0 0 rg BT 97.15 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.38 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.50 430.25 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 158.96 430.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 197.51 430.25 Td (being ) Tj ET Q q 0 0 0 rg BT 222.18 430.25 Td (appealed.��) Tj ET Q q 0 0 0 rg BT 264.66 430.25 Td (As ) Tj ET Q q 0 0 0 rg BT 278.22 430.25 Td (is ) Tj ET Q q 0 0 0 rg BT 287.34 430.25 Td (common ) Tj ET Q q 0 0 0 rg BT 324.78 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.01 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.79 430.25 Td (industry) Tj ET Q q 0 0 0 rg BT 382.92 430.25 Td (, ) Tj ET Q q 0 0 0 rg BT 387.87 430.25 Td (we ) Tj ET Q q 0 0 0 rg BT 401.98 430.25 Td (commit ) Tj ET Q q 0 0 0 rg BT 434.98 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.20 430.25 Td (make ) Tj ET Q q 0 0 0 rg BT 469.31 430.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 498.96 430.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 552.50 430.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 74.06 418.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 104.50 418.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 126.62 418.25 Td (as ) Tj ET Q q 0 0 0 rg BT 137.07 418.25 Td (part ) Tj ET Q q 0 0 0 rg BT 154.74 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.19 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 180.64 418.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 215.54 418.25 Td (development ) Tj ET Q q 0 0 0 rg BT 269.31 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.87 418.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 333.54 418.25 Td (program.��) Tj ET Q q 0 0 0 rg BT 374.73 418.25 Td (These ) Tj ET Q q 0 0 0 rg BT 400.73 418.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 457.29 418.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 496.62 418.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 520.94 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 530.84 418.25 Td (projects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 85.00 406.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 109.72 406.25 Td (during ) Tj ET Q q 0 0 0 rg BT 138.34 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.06 406.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 200.01 406.25 Td (several ) Tj ET Q q 0 0 0 rg BT 230.83 406.25 Td (months ) Tj ET Q q 0 0 0 rg BT 262.79 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.74 406.25 Td (are ) Tj ET Q q 0 0 0 rg BT 294.45 406.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 325.85 406.25 Td (part ) Tj ET Q q 0 0 0 rg BT 343.91 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.74 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 370.58 406.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 401.42 406.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.69 406.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 480.30 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 491.14 406.25 Td (part ) Tj ET Q q 0 0 0 rg BT 509.19 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.03 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 535.87 406.25 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 394.25 Td (budget ) Tj ET Q q 0 0 0 rg BT 96.69 394.25 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 114.76 394.25 Td (2020) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 134.76 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.73 394.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 168.70 394.25 Td (Budget ) Tj ET Q q 0 0 0 rg BT 198.85 394.25 Td (Allocation ) Tj ET Q q 0 0 0 rg BT 242.48 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.45 394.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 301.42 394.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 323.95 394.25 Td (Flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.37 394.25 Td (above\).��) Tj ET Q q 0 0 0 rg BT 384.90 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 393.53 394.25 Td (e ) Tj ET Q q 0 0 0 rg BT 399.94 394.25 Td (also ) Tj ET Q q 0 0 0 rg BT 418.02 394.25 Td (have ) Tj ET Q q 0 0 0 rg BT 438.87 394.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 477.48 394.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 530.55 394.25 Td (for ) Tj ET Q q 0 0 0 rg BT 544.18 394.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.25 Td (things ) Tj ET Q q 0 0 0 rg BT 98.65 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 113.68 382.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 166.76 382.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 220.66 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.80 382.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 267.94 382.25 Td (fees; ) Tj ET Q q 0 0 0 rg BT 293.52 382.25 Td (software ) Tj ET Q q 0 0 0 rg BT 334.65 382.25 Td (maintenance; ) Tj ET Q q 0 0 0 rg BT 394.66 382.25 Td (subscriptions; ) Tj ET Q q 0 0 0 rg BT 456.92 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.06 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 505.31 382.25 Td (overhead-type ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 370.25 Td (items.��Normally ) Tj ET Q q 0 0 0 rg BT 138.17 370.25 Td (these ) Tj ET Q q 0 0 0 rg BT 161.90 370.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 216.18 370.25 Td (do ) Tj ET Q q 0 0 0 rg BT 229.36 370.25 Td (not ) Tj ET Q q 0 0 0 rg BT 245.32 370.25 Td (change ) Tj ET Q q 0 0 0 rg BT 276.82 370.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 320.54 370.25 Td (on ) Tj ET Q q 0 0 0 rg BT 333.72 370.25 Td (an ) Tj ET Q q 0 0 0 rg BT 346.34 370.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 388.39 370.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 411.57 370.25 Td (from ) Tj ET Q q 0 0 0 rg BT 434.19 370.25 Td (year ) Tj ET Q q 0 0 0 rg BT 454.58 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.54 370.25 Td (year ) Tj ET Q q 0 0 0 rg BT 485.93 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.55 370.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.94 370.25 Td (part ) Tj ET Q q 0 0 0 rg BT 537.67 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 370.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.25 Td (general ) Tj ET Q q 0 0 0 rg BT 98.99 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.50 358.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 174.78 358.25 Td (expenses.��) Tj ET Q q 0 0 0 rg BT 218.20 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 226.83 358.25 Td (e ) Tj ET Q q 0 0 0 rg BT 233.34 358.25 Td (have ) Tj ET Q q 0 0 0 rg BT 254.29 358.25 Td (not ) Tj ET Q q 0 0 0 rg BT 269.13 358.25 Td (attempted ) Tj ET Q q 0 0 0 rg BT 310.63 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.48 358.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 355.87 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.16 358.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 406.11 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.51 358.25 Td (these ) Tj ET Q q 0 0 0 rg BT 439.13 358.25 Td (types ) Tj ET Q q 0 0 0 rg BT 462.31 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.71 358.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 511.42 358.25 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 78.24 346.25 Td (this ) Tj ET Q q 0 0 0 rg BT 95.65 346.25 Td (table, ) Tj ET Q q 0 0 0 rg BT 120.55 346.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.84 346.25 Td (most ) Tj ET Q q 0 0 0 rg BT 154.25 346.25 Td (could ) Tj ET Q q 0 0 0 rg BT 179.43 346.25 Td (be ) Tj ET Q q 0 0 0 rg BT 191.83 346.25 Td (quickly ) Tj ET Q q 0 0 0 rg BT 224.79 346.25 Td (canceled ) Tj ET Q q 0 0 0 rg BT 262.73 346.25 Td (with ) Tj ET Q q 0 0 0 rg BT 283.47 346.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 311.97 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.71 346.25 Td (any ) Tj ET Q q 0 0 0 rg BT 340.11 346.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 374.17 346.25 Td (vendor) Tj ET Q q 0 0 0 rg BT 401.53 346.25 Td (, ) Tj ET Q q 0 0 0 rg BT 407.00 346.25 Td (even ) Tj ET Q q 0 0 0 rg BT 428.84 346.25 Td (though ) Tj ET Q q 0 0 0 rg BT 459.58 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.76 346.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 509.93 346.25 Td (itself ) Tj ET Q q 0 0 0 rg BT 532.89 346.25 Td (may ) Tj ET Q q 0 0 0 rg BT 553.07 346.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.25 Td (required ) Tj ET Q q 0 0 0 rg BT 103.25 334.25 Td (for ) Tj ET Q q 0 0 0 rg BT 117.34 334.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.11 334.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 168.32 334.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 199.08 334.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 245.67 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.10 334.25 Td (For ) Tj ET Q q 0 0 0 rg BT 264.43 334.25 Td (further ) Tj ET Q q 0 0 0 rg BT 294.07 334.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 338.17 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.94 334.25 Td (our ) Tj ET Q q 0 0 0 rg BT 364.70 334.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 406.57 334.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 463.44 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.65 334.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 511.63 334.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 525.52 332.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.77 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.20 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 334.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 107.79 322.25 Td (related ) Tj ET Q q 0 0 0 rg BT 136.95 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.69 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.43 322.25 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 197.40 322.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 235.47 322.25 Td (being ) Tj ET Q q 0 0 0 rg BT 259.64 322.25 Td (appealed, ) Tj ET Q q 0 0 0 rg BT 299.64 322.25 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.36 322.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 335.76 322.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.76 322.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 350.22 322.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 407.18 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.15 322.25 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.36 322.25 Td (, ) Tj ET Q q 0 0 0 rg BT 485.82 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.56 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.73 322.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 107.21 310.25 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 119.92 286.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 164.54 286.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.40 286.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 247.68 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.53 286.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.05 286.25 Td (value ) Tj ET Q q 0 0 0 rg BT 309.34 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.31 286.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.28 286.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 390.47 286.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 438.98 286.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 481.93 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 494.90 286.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 536.76 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 286.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.23 274.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 158.39 274.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 187.45 274.25 Td (as ) Tj ET Q q 0 0 0 rg BT 198.74 274.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.03 274.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 269.07 274.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.07 274.25 Td (. ) Tj ET Q q 0 0 0 rg BT 294.52 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.27 274.25 Td (The ) Tj ET Q q 0 0 0 rg BT 315.77 274.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 351.50 274.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 395.55 274.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 432.39 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.68 274.25 Td (our ) Tj ET Q q 0 0 0 rg BT 459.97 274.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 502.90 274.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 550.30 274.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 107.84 262.25 Td (because ) Tj ET Q q 0 0 0 rg BT 142.60 262.25 Td (they ) Tj ET Q q 0 0 0 rg BT 162.93 262.25 Td (are ) Tj ET Q q 0 0 0 rg BT 178.26 262.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.70 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.59 262.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 266.48 262.25 Td (market ) Tj ET Q q 0 0 0 rg BT 297.37 262.25 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 350.19 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.31 262.25 Td (See ) Tj ET Q q 0 0 0 rg BT 370.87 262.25 Td (further ) Tj ET Q q 0 0 0 rg BT 401.19 262.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 445.98 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.42 262.25 Td (our ) Tj ET Q q 0 0 0 rg BT 473.87 262.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 522.54 262.25 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 105.32 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.49 250.25 Td (their ) Tj ET Q q 0 0 0 rg BT 141.54 250.25 Td (market ) Tj ET Q q 0 0 0 rg BT 171.03 250.25 Td (price ) Tj ET Q q 0 0 0 rg BT 192.74 250.25 Td (sensitivities ) Tj ET Q q 0 0 0 rg BT 241.69 250.25 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 251.20 250.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 281.80 250.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 300.75 250.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.96 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.68 250.25 Td (below ) Tj ET Q q 0 0 0 rg BT 380.85 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.35 250.25 Td (this ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 406.53 250.25 Td (Management�) Tj ET Q q 0 0 0 rg BT 460.78 250.25 Td (s ) Tj ET Q q 0 0 0 rg BT 466.40 250.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 512.02 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.62 250.25 Td (Analysis ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.53 238.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.66 238.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 163.91 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.16 238.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 214.30 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.33 238.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.33 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 276.08 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.76 238.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.79 238.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 327.48 238.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.48 238.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 343.23 238.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 392.59 238.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 438.04 238.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.49 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 483.24 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.27 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.73 238.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 107.21 226.25 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 114.16 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.16 202.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 170.26 202.25 Td (future ) Tj ET Q q 0 0 0 rg BT 196.91 202.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 219.13 202.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 263.00 202.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 310.23 202.25 Td (on ) Tj ET Q q 0 0 0 rg BT 323.01 202.25 Td (an ) Tj ET Q q 0 0 0 rg BT 335.23 202.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 391.33 202.25 Td (basis.��) Tj ET Q q 0 0 0 rg BT 418.65 202.25 Td (The ) Tj ET Q q 0 0 0 rg BT 436.98 202.25 Td (present ) Tj ET Q q 0 0 0 rg BT 468.64 202.25 Td (value ) Tj ET Q q 0 0 0 rg BT 493.07 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.18 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 202.25 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 89.22 190.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 132.58 190.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 175.41 190.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.36 190.25 Td ($181.8 ) Tj ET Q q 0 0 0 rg BT 214.14 190.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.03 190.25 Td (, ) Tj ET Q q 0 0 0 rg BT 247.81 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 258.42 190.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 305.67 190.25 Td (under ) Tj ET Q q 0 0 0 rg BT 330.72 190.25 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 345.21 190.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 368.60 190.25 Td (Retir) Tj ET Q q 0 0 0 rg BT 388.23 190.25 Td (ement ) Tj ET Q q 0 0 0 rg BT 414.38 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.66 190.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 453.50 190.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 493.00 190.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.22 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 542.50 190.25 Td (topic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.90 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.19 178.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.79 178.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 183.52 178.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 226.03 178.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 253.54 178.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 306.60 178.25 Td (\(�F) Tj ET Q q 0 0 0 rg BT 319.18 178.25 Td (ASC�\), ) Tj ET Q q 0 0 0 rg BT 351.98 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.48 178.25 Td (is ) Tj ET Q q 0 0 0 rg BT 379.22 178.25 Td (further ) Tj ET Q q 0 0 0 rg BT 409.50 178.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 450.90 178.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.75 178.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 484.26 178.25 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.26 178.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 494.83 178.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 519.01 178.25 Td (Retir) Tj ET Q q 0 0 0 rg BT 538.63 178.25 Td (ement ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 166.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.73 166.25 Td (, ) Tj ET Q q 0 0 0 rg BT 119.73 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.00 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.72 166.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 200.00 166.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 239.71 166.25 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 142.25 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 121.27 142.25 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 146.25 142.25 Td (Arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.40 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.52 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 214.17 142.25 Td (As ) Tj ET Q q 0 0 0 rg BT 227.40 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.84 142.25 Td (December ) Tj ET Q q 0 0 0 rg BT 281.05 142.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 295.66 142.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 320.28 142.25 Td (we ) Tj ET Q q 0 0 0 rg BT 334.06 142.25 Td (had ) Tj ET Q q 0 0 0 rg BT 350.61 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 357.17 142.25 Td (total ) Tj ET Q q 0 0 0 rg BT 377.06 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.50 142.25 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 412.12 142.25 Td (million�of ) Tj ET Q q 0 0 0 rg BT 453.96 142.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 480.51 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.96 142.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 515.84 142.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.72 130.25 Td (our ) Tj ET Q q 0 0 0 rg BT 90.50 130.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 117.39 130.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 150.38 130.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 172.27 130.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 197.48 130.25 Td (facility) Tj ET Q q 0 0 0 rg BT 225.15 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 230.11 130.25 Td (which ) Tj ET Q q 0 0 0 rg BT 257.00 130.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 306.11 130.25 Td (total ) Tj ET Q q 0 0 0 rg BT 326.34 130.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 366.54 130.25 Td (during ) Tj ET Q q 0 0 0 rg BT 395.10 130.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 417.55 130.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 463.32 130.25 Td (due ) Tj ET Q q 0 0 0 rg BT 480.21 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.44 130.25 Td (posting ) Tj ET Q q 0 0 0 rg BT 522.34 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.12 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 540.01 130.25 Td ($32.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (million ) Tj ET Q q 0 0 0 rg BT 80.94 118.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 104.03 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.91 118.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 140.23 118.25 Td (as ) Tj ET Q q 0 0 0 rg BT 151.11 118.25 Td (part ) Tj ET Q q 0 0 0 rg BT 169.21 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.09 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.85 118.25 Td (appeal ) Tj ET Q q 0 0 0 rg BT 223.50 118.25 Td (process ) Tj ET Q q 0 0 0 rg BT 256.04 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.37 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.57 118.25 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 318.13 118.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 356.78 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.93 118.25 Td (W) Tj ET Q q 0 0 0 rg BT 375.77 118.25 Td (yoming.��) Tj ET Q q 0 0 0 rg BT 413.27 118.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 463.17 118.25 Td (, ) Tj ET Q q 0 0 0 rg BT 468.22 118.25 Td (we ) Tj ET Q q 0 0 0 rg BT 482.43 118.25 Td (have ) Tj ET Q q 0 0 0 rg BT 503.86 118.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 550.86 118.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (development ) Tj ET Q q 0 0 0 rg BT 104.55 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.38 106.25 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 171.88 106.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 226.37 106.25 Td (that ) Tj ET Q q 0 0 0 rg BT 244.76 106.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 267.03 106.25 Td (from ) Tj ET Q q 0 0 0 rg BT 289.87 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 306.60 106.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 338.32 106.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 368.37 106.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 418.97 106.25 Td (program ) Tj ET Q q 0 0 0 rg BT 456.24 106.25 Td (or ) Tj ET Q q 0 0 0 rg BT 467.97 106.25 Td (from ) Tj ET Q q 0 0 0 rg BT 490.80 106.25 Td (other ) Tj ET Q q 0 0 0 rg BT 514.75 106.25 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (common ) Tj ET Q q 0 0 0 rg BT 86.36 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.00 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 111.20 94.25 Td (industry) Tj ET Q q 0 0 0 rg BT 143.33 94.25 Td (, ) Tj ET Q q 0 0 0 rg BT 147.69 94.25 Td (none ) Tj ET Q q 0 0 0 rg BT 168.99 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.19 94.25 Td (which ) Tj ET Q q 0 0 0 rg BT 205.49 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 219.56 94.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 256.40 94.25 Td (on ) Tj ET Q q 0 0 0 rg BT 268.26 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 283.46 94.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 315.86 94.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 340.77 94.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.50 94.25 Td (These ) Tj ET Q q 0 0 0 rg BT 368.24 94.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 414.54 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 428.62 94.25 Td (further ) Tj ET Q q 0 0 0 rg BT 457.69 94.25 Td (described ) Tj ET Q q 0 0 0 rg BT 497.87 94.25 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 507.51 94.25 Td (Commitments ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.70 82.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.93 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.13 82.25 Td (above. ) Tj ET Q q 0 0 0 rg BT 144.70 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.90 82.25 Td (In ) Tj ET Q q 0 0 0 rg BT 157.43 82.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 194.91 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.88 82.25 Td (order ) Tj ET Q q 0 0 0 rg BT 228.18 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.16 82.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 270.33 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 285.86 82.25 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 339.16 82.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 369.13 82.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 406.58 82.25 Td (we ) Tj ET Q q 0 0 0 rg BT 420.44 82.25 Td (must ) Tj ET Q q 0 0 0 rg BT 442.09 82.25 Td (also ) Tj ET Q q 0 0 0 rg BT 460.40 82.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 480.93 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.35 82.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 538.64 82.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.56 70.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.98 70.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.71 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.90 70.25 Td (our ) Tj ET Q q 0 0 0 rg BT 192.65 70.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 222.83 70.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 254.11 70.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 286.79 70.25 Td (which ) Tj ET Q q 0 0 0 rg BT 313.64 70.25 Td (are ) Tj ET Q q 0 0 0 rg BT 328.26 70.25 Td (only ) Tj ET Q q 0 0 0 rg BT 348.46 70.25 Td (included ) Tj ET Q q 0 0 0 rg BT 385.30 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.50 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.13 70.25 Td (table ) Tj ET Q q 0 0 0 rg BT 431.97 70.25 Td (above ) Tj ET Q q 0 0 0 rg BT 458.26 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.46 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.09 70.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 509.93 70.25 Td (we ) Tj ET Q q 0 0 0 rg BT 524.01 70.25 Td (have ) Tj ET Q q 0 0 0 rg BT 545.30 70.25 Td (firm ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (contracts.��For ) Tj ET Q q 0 0 0 rg BT 108.52 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.50 713.10 Td (further ) Tj ET Q q 0 0 0 rg BT 143.24 713.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 186.44 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.31 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.17 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 236.59 713.10 Td (development ) Tj ET Q q 0 0 0 rg BT 289.77 713.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 313.81 713.10 Td (see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 328.11 713.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 384.08 713.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 398.40 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.93 713.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 447.59 713.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 465.23 713.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 503.76 713.10 Td (es ) Tj ET Q q 0 0 0 rg BT 513.62 713.10 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 701.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 129.77 701.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 169.48 701.10 Td (Statements.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (While ) Tj ET Q q 0 0 0 rg BT 94.68 593.10 Td (it ) Tj ET Q q 0 0 0 rg BT 102.99 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.41 593.10 Td (dif) Tj ET Q q 0 0 0 rg BT 123.33 593.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 147.19 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.71 593.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 201.54 593.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 235.94 593.10 Td (future ) Tj ET Q q 0 0 0 rg BT 262.56 593.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 311.14 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 325.55 593.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 357.17 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.25 593.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 404.87 593.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 442.59 593.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 487.00 593.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 520.29 593.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 90.93 581.10 Td (production ) Tj ET Q q 0 0 0 rg BT 136.25 581.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 166.58 581.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 203.57 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 212.78 581.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 257.53 581.10 Td (return ) Tj ET Q q 0 0 0 rg BT 283.41 581.10 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 317.34 581.10 Td (with ) Tj ET Q q 0 0 0 rg BT 337.11 581.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 376.87 581.10 Td (low ) Tj ET Q q 0 0 0 rg BT 393.87 581.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 413.36 581.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 453.14 581.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 477.34 581.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 489.90 581.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.77 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 529.97 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 539.19 581.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.46 569.10 Td (support ) Tj ET Q q 0 0 0 rg BT 98.43 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.62 569.10 Td (development ) Tj ET Q q 0 0 0 rg BT 166.24 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.54 569.10 Td (those ) Tj ET Q q 0 0 0 rg BT 199.62 569.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 235.74 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.57 569.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.21 569.10 Td (e ) Tj ET Q q 0 0 0 rg BT 252.61 569.10 Td (have ) Tj ET Q q 0 0 0 rg BT 273.46 569.10 Td (been ) Tj ET Q q 0 0 0 rg BT 294.31 569.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 340.71 569.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 371.55 569.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 384.08 569.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 426.03 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.66 569.10 Td (over ) Tj ET Q q 0 0 0 rg BT 459.40 569.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 471.37 569.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 496.93 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.34 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 569.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 80.06 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.75 557.10 Td (such ) Tj ET Q q 0 0 0 rg BT 113.43 557.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 158.44 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.46 557.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 206.78 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.91 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.59 557.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 275.16 557.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.49 557.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 361.55 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.66 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 383.56 557.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 424.13 557.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.92 557.10 Td (highlights ) Tj ET Q q 0 0 0 rg BT 495.28 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 557.10 Td (observations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.32 545.10 Td (how ) Tj ET Q q 0 0 0 rg BT 110.04 545.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 141.41 545.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.56 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.94 545.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 246.09 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.92 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.40 545.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 521.10 Td (Finding ) Tj ET Q q 0 0 0 rg BT 103.68 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.64 521.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 181.57 521.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.41 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.24 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.87 521.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.51 521.10 Td (e ) Tj ET Q q 0 0 0 rg BT 228.78 521.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 267.71 521.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 296.63 521.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 328.35 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.63 521.10 Td (development ) Tj ET Q q 0 0 0 rg BT 400.11 521.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.94 521.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 466.88 521.10 Td (future ) Tj ET Q q 0 0 0 rg BT 493.59 521.10 Td (development ) Tj ET Q q 0 0 0 rg BT 548.07 521.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 106.31 509.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 129.25 509.10 Td (but ) Tj ET Q q 0 0 0 rg BT 144.96 509.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 187.33 509.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 201.22 507.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.47 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.41 509.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 242.56 509.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 299.36 509.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 328.95 509.10 Td (expenditures\) ) Tj ET Q q 0 0 0 rg BT 386.31 509.10 Td (over ) Tj ET Q q 0 0 0 rg BT 407.01 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.17 509.10 Td (life ) Tj ET Q q 0 0 0 rg BT 438.43 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.70 509.10 Td (each ) Tj ET Q q 0 0 0 rg BT 470.95 509.10 Td (field ) Tj ET Q q 0 0 0 rg BT 492.21 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.93 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 515.30 509.10 Td (competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.85 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.63 497.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 119.98 497.10 Td (average ) Tj ET Q q 0 0 0 rg BT 153.64 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 176.21 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 190.44 497.10 Td (other ) Tj ET Q q 0 0 0 rg BT 213.55 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.68 497.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 271.73 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.30 497.10 Td (See ) Tj ET Q q 0 0 0 rg BT 291.31 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.10 497.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 347.55 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.45 497.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 389.91 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.92 497.10 Td (development ) Tj ET Q q 0 0 0 rg BT 461.14 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 483.71 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.05 497.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 508.84 497.10 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 547.52 497.10 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 85.13 485.10 Td (Abbr) Tj ET Q q 0 0 0 rg BT 104.76 485.10 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.86 485.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 461.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.99 461.10 Td (iming ) Tj ET Q q 0 0 0 rg BT 99.73 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.36 461.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 142.32 461.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.15 461.10 Td (��) Tj ET Q q 0 0 0 rg BT 172.97 461.10 Td (When ) Tj ET Q q 0 0 0 rg BT 198.14 461.10 Td (initiating ) Tj ET Q q 0 0 0 rg BT 235.55 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.28 461.10 Td (new ) Tj ET Q q 0 0 0 rg BT 259.23 461.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 289.40 461.10 Td (flood, ) Tj ET Q q 0 0 0 rg BT 314.30 461.10 Td (there ) Tj ET Q q 0 0 0 rg BT 335.58 461.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 374.08 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.04 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.77 461.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 410.72 461.10 Td (between ) Tj ET Q q 0 0 0 rg BT 445.33 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.84 461.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 483.47 461.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.41 461.10 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.78 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.84 449.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 119.68 449.10 Td (production ) Tj ET Q q 0 0 0 rg BT 165.85 449.10 Td (increases.��) Tj ET Q q 0 0 0 rg BT 209.81 449.10 Td (W) Tj ET Q q 0 0 0 rg BT 218.45 449.10 Td (e ) Tj ET Q q 0 0 0 rg BT 225.73 449.10 Td (must ) Tj ET Q q 0 0 0 rg BT 248.02 449.10 Td (build ) Tj ET Q q 0 0 0 rg BT 271.42 449.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 311.20 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.48 449.10 Td (often ) Tj ET Q q 0 0 0 rg BT 351.87 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.15 449.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 373.04 447.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.29 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.13 449.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 414.19 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.81 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.87 449.10 Td (field, ) Tj ET Q q 0 0 0 rg BT 463.54 449.10 Td (before ) Tj ET Q q 0 0 0 rg BT 491.92 449.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.81 447.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.06 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.90 449.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 548.63 449.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (commence, ) Tj ET Q q 0 0 0 rg BT 99.29 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.72 437.10 Td (it ) Tj ET Q q 0 0 0 rg BT 127.26 437.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 160.13 437.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 184.66 437.10 Td (six ) Tj ET Q q 0 0 0 rg BT 200.31 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.07 437.10 Td (twelve�months ) Tj ET Q q 0 0 0 rg BT 274.66 437.10 Td (before ) Tj ET Q q 0 0 0 rg BT 304.18 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.38 437.10 Td (field ) Tj ET Q q 0 0 0 rg BT 342.69 437.10 Td (responds ) Tj ET Q q 0 0 0 rg BT 382.23 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.99 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.19 437.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 449.17 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.48 437.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.37 435.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.62 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.60 437.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 504.64 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.18 437.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (commences\).��Further) Tj ET Q q 0 0 0 rg BT 136.57 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.54 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.67 425.10 Td (may ) Tj ET Q q 0 0 0 rg BT 175.35 425.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 201.15 425.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.83 425.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 282.18 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.98 425.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.09 425.10 Td (before ) Tj ET Q q 0 0 0 rg BT 350.10 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 364.23 425.10 Td (can ) Tj ET Q q 0 0 0 rg BT 380.57 425.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 421.90 425.10 Td (any ) Tj ET Q q 0 0 0 rg BT 438.81 425.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 469.04 425.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 504.27 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 526.17 425.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 550.86 425.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 72.71 413.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 91.75 413.10 Td (even ) Tj ET Q q 0 0 0 rg BT 112.73 413.10 Td (after ) Tj ET Q q 0 0 0 rg BT 133.15 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.70 413.10 Td (field ) Tj ET Q q 0 0 0 rg BT 160.12 413.10 Td (has ) Tj ET Q q 0 0 0 rg BT 175.56 413.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 205.43 413.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 242.79 413.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 287.11 413.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 323.10 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.53 413.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 375.63 413.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 404.38 413.10 Td (will ) Tj ET Q q 0 0 0 rg BT 422.04 413.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 453.03 413.10 Td (be ) Tj ET Q q 0 0 0 rg BT 464.57 413.10 Td (required ) Tj ET Q q 0 0 0 rg BT 499.99 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.87 413.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 530.86 413.10 Td (develop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 401.10 Td (field.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 120.98 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.68 377.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 142.05 377.10 Td (oved ) Tj ET Q q 0 0 0 rg BT 164.42 377.10 Td (Reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.68 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.06 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.43 377.10 Td (In ) Tj ET Q q 0 0 0 rg BT 220.13 377.10 Td (order ) Tj ET Q q 0 0 0 rg BT 243.60 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.75 377.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 294.99 377.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 325.13 377.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 356.38 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 369.31 377.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 406.94 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 420.97 377.10 Td (must ) Tj ET Q q 0 0 0 rg BT 442.79 377.10 Td (either ) Tj ET Q q 0 0 0 rg BT 467.93 377.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 519.17 377.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.94 365.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.82 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.48 365.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 154.80 365.10 Td (process ) Tj ET Q q 0 0 0 rg BT 187.23 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.01 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.67 365.10 Td (field ) Tj ET Q q 0 0 0 rg BT 233.44 365.10 Td (must ) Tj ET Q q 0 0 0 rg BT 255.33 365.10 Td (be ) Tj ET Q q 0 0 0 rg BT 267.21 365.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 310.20 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.42 365.10 Td (an ) Tj ET Q q 0 0 0 rg BT 332.31 365.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 366.41 365.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 397.73 365.10 Td (flood.� ) Tj ET Q q 0 0 0 rg BT 426.11 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 444.10 365.10 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 488.75 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.53 365.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.74 365.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.84 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 80.85 353.10 Td (can ) Tj ET Q q 0 0 0 rg BT 97.07 353.10 Td (book ) Tj ET Q q 0 0 0 rg BT 119.42 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.54 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 146.33 353.10 Td (given ) Tj ET Q q 0 0 0 rg BT 170.89 353.10 Td (year ) Tj ET Q q 0 0 0 rg BT 190.44 353.10 Td (will ) Tj ET Q q 0 0 0 rg BT 208.35 353.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 239.57 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.91 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.59 353.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 303.82 353.10 Td (with ) Tj ET Q q 0 0 0 rg BT 323.94 353.10 Td (new ) Tj ET Q q 0 0 0 rg BT 342.95 353.10 Td (floods, ) Tj ET Q q 0 0 0 rg BT 372.80 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.36 353.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 415.82 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.49 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.06 353.10 Td (production ) Tj ET Q q 0 0 0 rg BT 486.73 353.10 Td (response ) Tj ET Q q 0 0 0 rg BT 524.07 353.10 Td (from ) Tj ET Q q 0 0 0 rg BT 545.85 353.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 77.42 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.79 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.93 341.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 163.38 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.63 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.89 341.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 225.48 341.10 Td (floods. ) Tj ET Q q 0 0 0 rg BT 255.90 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.61 341.10 Td (T) Tj ET Q q 0 0 0 rg BT 264.02 341.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 295.59 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 301.01 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.38 341.10 Td (high ) Tj ET Q q 0 0 0 rg BT 329.08 341.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 375.30 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.56 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 341.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 439.62 341.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 475.30 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.88 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.25 341.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 529.04 341.10 Td (field ) Tj ET Q q 0 0 0 rg BT 550.29 341.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.86 329.10 Td (when ) Tj ET Q q 0 0 0 rg BT 120.02 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.96 329.10 Td (production ) Tj ET Q q 0 0 0 rg BT 172.79 329.10 Td (response ) Tj ET Q q 0 0 0 rg BT 210.28 329.10 Td (is ) Tj ET Q q 0 0 0 rg BT 219.45 329.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 253.05 329.10 Td (observed, ) Tj ET Q q 0 0 0 rg BT 294.15 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.09 329.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 350.79 329.10 Td (only ) Tj ET Q q 0 0 0 rg BT 371.07 329.10 Td (modest ) Tj ET Q q 0 0 0 rg BT 402.46 329.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 437.17 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.87 329.10 Td (made ) Tj ET Q q 0 0 0 rg BT 476.03 329.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 513.78 329.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.87 305.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 118.01 305.10 Td (Rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.39 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.30 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.00 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.45 305.10 Td (production ) Tj ET Q q 0 0 0 rg BT 214.69 305.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 232.58 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 242.71 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.06 305.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 281.84 305.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 305.85 305.10 Td (can ) Tj ET Q q 0 0 0 rg BT 322.64 305.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 343.32 305.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.67 305.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 396.89 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.58 305.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 435.49 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 440.90 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.14 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.49 305.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 491.27 305.10 Td (field�) Tj ET Q q 0 0 0 rg BT 512.37 305.10 Td (s ) Tj ET Q q 0 0 0 rg BT 519.17 305.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.05 293.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 104.14 293.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 134.80 293.10 Td (when ) Tj ET Q q 0 0 0 rg BT 158.79 293.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 182.23 293.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 216.23 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.34 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.89 293.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.78 291.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.03 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.87 293.10 Td (plateau ) Tj ET Q q 0 0 0 rg BT 294.07 293.10 Td (temporarily) Tj ET Q q 0 0 0 rg BT 340.07 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.91 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.68 293.10 Td (then ) Tj ET Q q 0 0 0 rg BT 381.23 293.10 Td (resume ) Tj ET Q q 0 0 0 rg BT 412.44 293.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 443.11 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.77 293.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 496.09 293.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 518.97 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.63 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.18 293.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.92 281.10 Td (developed.��During ) Tj ET Q q 0 0 0 rg BT 145.05 281.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.71 281.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 184.79 281.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 209.11 281.10 Td (life ) Tj ET Q q 0 0 0 rg BT 225.65 281.10 Td (cycle, ) Tj ET Q q 0 0 0 rg BT 252.45 281.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 283.98 281.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 320.51 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 330.39 281.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 371.35 281.10 Td (from ) Tj ET Q q 0 0 0 rg BT 394.00 281.10 Td (time ) Tj ET Q q 0 0 0 rg BT 414.99 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.98 281.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 449.47 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 477.12 281.10 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 530.31 281.10 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 93.03 269.10 Td (shutdowns ) Tj ET Q q 0 0 0 rg BT 138.25 269.10 Td (during ) Tj ET Q q 0 0 0 rg BT 166.79 269.10 Td (installation, ) Tj ET Q q 0 0 0 rg BT 216.16 269.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 248.58 269.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 281.56 269.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 325.09 269.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 360.29 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.50 269.10 Td (production.��) Tj ET Q q 0 0 0 rg BT 421.14 269.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.78 269.10 Td (e ) Tj ET Q q 0 0 0 rg BT 436.65 269.10 Td (also ) Tj ET Q q 0 0 0 rg BT 455.20 269.10 Td (find ) Tj ET Q q 0 0 0 rg BT 473.74 269.10 Td (it ) Tj ET Q q 0 0 0 rg BT 481.73 269.10 Td (dif) Tj ET Q q 0 0 0 rg BT 492.66 269.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 516.19 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.41 269.10 Td (precisely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 80.45 257.10 Td (when ) Tj ET Q q 0 0 0 rg BT 105.29 257.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.92 257.10 Td (given ) Tj ET Q q 0 0 0 rg BT 148.32 257.10 Td (well ) Tj ET Q q 0 0 0 rg BT 168.72 257.10 Td (will ) Tj ET Q q 0 0 0 rg BT 187.46 257.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 222.31 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.27 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.67 257.10 Td (injected ) Tj ET Q q 0 0 0 rg BT 283.51 257.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 297.40 255.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 257.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.33 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.85 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.25 257.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 347.14 255.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.39 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.58 257.10 Td (seldom ) Tj ET Q q 0 0 0 rg BT 385.65 257.10 Td (travels ) Tj ET Q q 0 0 0 rg BT 415.49 257.10 Td (through ) Tj ET Q q 0 0 0 rg BT 449.78 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.19 257.10 Td (rock ) Tj ET Q q 0 0 0 rg BT 486.14 257.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 537.10 257.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.72 257.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (heterogeneity ) Tj ET Q q 0 0 0 rg BT 105.90 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.66 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.86 245.10 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 175.72 245.10 Td (formations.��) Tj ET Q q 0 0 0 rg BT 226.36 245.10 Td (W) Tj ET Q q 0 0 0 rg BT 235.40 245.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 247.94 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.14 245.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 286.89 245.10 Td (level ) Tj ET Q q 0 0 0 rg BT 308.30 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.62 245.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 331.16 245.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 357.01 245.10 Td (over ) Tj ET Q q 0 0 0 rg BT 376.77 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.96 245.10 Td (past ) Tj ET Q q 0 0 0 rg BT 409.06 245.10 Td (several ) Tj ET Q q 0 0 0 rg BT 439.35 245.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 464.93 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.25 245.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 500.54 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.86 245.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.56 233.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 105.50 233.10 Td (slowed, ) Tj ET Q q 0 0 0 rg BT 139.06 233.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 171.78 233.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 209.50 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.56 233.10 Td (Company-wide ) Tj ET Q q 0 0 0 rg BT 289.95 233.10 Td (production ) Tj ET Q q 0 0 0 rg BT 336.01 233.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 360.12 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.66 233.10 Td (W) Tj ET Q q 0 0 0 rg BT 371.29 233.10 Td (e ) Tj ET Q q 0 0 0 rg BT 378.47 233.10 Td (find ) Tj ET Q q 0 0 0 rg BT 397.31 233.10 Td (all ) Tj ET Q q 0 0 0 rg BT 410.04 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.10 233.10 Td (these ) Tj ET Q q 0 0 0 rg BT 444.38 233.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 494.33 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.84 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.01 233.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 548.07 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 90.21 221.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 119.81 221.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 133.87 221.10 Td (production ) Tj ET Q q 0 0 0 rg BT 180.70 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 191.42 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.37 221.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 231.75 221.10 Td (field ) Tj ET Q q 0 0 0 rg BT 253.58 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.86 221.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 301.12 221.10 Td (over ) Tj ET Q q 0 0 0 rg BT 322.40 221.10 Td (time ) Tj ET Q q 0 0 0 rg BT 343.67 221.10 Td (until ) Tj ET Q q 0 0 0 rg BT 365.52 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.24 221.10 Td (field ) Tj ET Q q 0 0 0 rg BT 403.07 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.25 221.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 435.64 221.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 482.74 221.10 Td (albeit ) Tj ET Q q 0 0 0 rg BT 508.46 221.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 554.73 221.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 99.77 209.10 Td (patterns.��) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 113.43 185.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.27 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.31 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.21 185.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.62 185.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 176.76 185.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 210.46 185.10 Td (may ) Tj ET Q q 0 0 0 rg BT 229.73 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.21 185.10 Td (more ) Tj ET Q q 0 0 0 rg BT 263.80 185.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 305.83 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.66 185.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 347.13 185.10 Td (than ) Tj ET Q q 0 0 0 rg BT 366.39 185.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 409.53 185.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 444.36 185.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.06 185.10 Td (because ) Tj ET Q q 0 0 0 rg BT 521.75 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.13 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.39 185.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 173.10 Td (injecting ) Tj ET Q q 0 0 0 rg BT 98.34 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.54 173.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 155.50 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.47 173.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 184.36 171.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.61 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.37 173.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 233.67 173.10 Td (due ) Tj ET Q q 0 0 0 rg BT 250.87 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.41 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.38 173.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 295.25 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.34 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.31 173.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 335.21 171.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.46 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.21 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.41 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.39 173.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 418.36 173.10 Td (ener) Tj ET Q q 0 0 0 rg BT 435.38 173.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 448.14 173.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 503.10 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.64 173.10 Td (re-compress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 161.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.28 159.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.53 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.20 161.10 Td (back ) Tj ET Q q 0 0 0 rg BT 105.75 161.10 Td (into ) Tj ET Q q 0 0 0 rg BT 123.98 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.10 161.10 Td (near) Tj ET Q q 0 0 0 rg BT 148.10 161.10 Td (-liquid ) Tj ET Q q 0 0 0 rg BT 177.44 161.10 Td (state ) Tj ET Q q 0 0 0 rg BT 198.44 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.77 161.10 Td (re-injection ) Tj ET Q q 0 0 0 rg BT 261.54 161.10 Td (purposes\).��) Tj ET Q q 0 0 0 rg BT 307.74 161.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.96 161.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 348.63 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.63 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.64 161.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 389.53 159.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.78 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.45 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.56 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.45 161.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 470.10 161.10 Td (required ) Tj ET Q q 0 0 0 rg BT 506.09 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.54 161.10 Td (recycle ) Tj ET Q q 0 0 0 rg BT 548.08 161.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 74.07 149.10 Td (this ) Tj ET Q q 0 0 0 rg BT 90.87 149.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.76 147.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.01 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.37 149.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 149.38 149.10 Td (nearly ) Tj ET Q q 0 0 0 rg BT 176.72 149.10 Td (half ) Tj ET Q q 0 0 0 rg BT 194.62 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.30 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.99 149.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 250.56 149.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 281.78 149.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 321.90 149.10 Td (expenses.��Since ) Tj ET Q q 0 0 0 rg BT 390.07 149.10 Td (these ) Tj ET Q q 0 0 0 rg BT 412.97 149.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 435.33 149.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 455.45 149.10 Td (along ) Tj ET Q q 0 0 0 rg BT 480.02 149.10 Td (with ) Tj ET Q q 0 0 0 rg BT 500.16 149.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 548.06 149.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.21 137.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 141.69 137.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 170.58 137.10 Td (they ) Tj ET Q q 0 0 0 rg BT 190.31 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 205.02 137.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 233.09 137.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 267.80 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.75 137.10 Td (will ) Tj ET Q q 0 0 0 rg BT 302.82 137.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 338.08 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.37 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.32 137.10 Td (high-commodity-price ) Tj ET Q q 0 0 0 rg BT 447.80 137.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 500.85 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.80 137.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.72 137.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.85 125.10 Td (low-price ) Tj ET Q q 0 0 0 rg BT 98.08 125.10 Td (environment.��) Tj ET Q q 0 0 0 rg BT 155.94 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 174.40 125.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 193.43 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.67 125.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 251.46 125.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 279.92 125.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 323.38 125.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 337.28 123.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.52 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.44 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 358.01 125.10 Td (use ) Tj ET Q q 0 0 0 rg BT 374.26 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.95 125.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 416.74 125.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 444.65 125.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.23 125.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 493.24 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.93 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 520.17 125.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.96 125.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 74.55 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.82 113.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 129.63 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 140.79 113.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 163.61 113.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 204.20 113.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 243.13 113.10 Td (\(following ) Tj ET Q q 0 0 0 rg BT 288.18 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.23 113.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 369.37 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.53 113.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 412.23 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 425.62 113.10 Td (production\) ) Tj ET Q q 0 0 0 rg BT 475.11 113.10 Td (at ) Tj ET Q q 0 0 0 rg BT 485.16 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.21 113.10 Td (time ) Tj ET Q q 0 0 0 rg BT 520.81 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.86 113.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 549.75 111.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.84 113.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (injected. ) Tj ET Q q 0 0 0 rg BT 87.72 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.49 101.10 Td (These ) Tj ET Q q 0 0 0 rg BT 119.43 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 143.49 101.10 Td (have ) Tj ET Q q 0 0 0 rg BT 166.44 101.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 215.49 101.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 265.64 101.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 327.46 101.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 349.86 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.70 101.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 384.10 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.49 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.77 101.10 Td (total ) Tj ET Q q 0 0 0 rg BT 434.61 101.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 476.44 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.51 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.23 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.63 101.10 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (operations.��Since ) Tj ET Q q 0 0 0 rg BT 123.51 89.10 Td (we ) Tj ET Q q 0 0 0 rg BT 137.80 89.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 172.64 89.10 Td (all ) Tj ET Q q 0 0 0 rg BT 185.27 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.24 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.09 89.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 251.48 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 274.12 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.53 89.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 319.37 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.45 89.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 361.29 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.26 89.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 391.15 87.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.40 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.03 89.10 Td (\(following ) Tj ET Q q 0 0 0 rg BT 441.88 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.73 89.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 522.67 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.64 89.10 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 63.21 77.10 Td (production\), ) Tj ET Q q 0 0 0 rg BT 115.53 77.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 156.45 77.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 179.60 77.10 Td (per ) Tj ET Q q 0 0 0 rg BT 195.53 77.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 222.00 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.82 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.41 77.10 Td (new ) Tj ET Q q 0 0 0 rg BT 264.23 77.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 288.49 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 307.21 77.10 Td (be ) Tj ET Q q 0 0 0 rg BT 319.80 77.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 348.51 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 358.88 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.25 77.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 414.62 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.11 77.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 440.00 75.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.25 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.41 77.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 484.55 77.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 519.37 77.10 Td (because ) Tj ET Q q 0 0 0 rg BT 554.17 77.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 85.33 65.10 Td (related ) Tj ET Q q 0 0 0 rg BT 115.03 65.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 128.09 65.10 Td (production ) Tj ET Q q 0 0 0 rg BT 173.91 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 183.63 65.10 Td (that ) Tj ET Q q 0 0 0 rg BT 201.13 65.10 Td (time.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 81.93 713.25 Td (TS ) Tj ET Q q 0 0 0 rg BT 96.66 713.25 Td (OF) Tj ET Q q 0 0 0 rg BT 110.17 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.67 713.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 146.93 713.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.99 689.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 123.75 689.25 Td (T) Tj ET Q q 0 0 0 rg BT 129.16 689.25 Td (able) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 99.43 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.26 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 126.09 665.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 166.36 665.25 Td (results ) Tj ET Q q 0 0 0 rg BT 194.97 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.90 665.25 Td (statistics ) Tj ET Q q 0 0 0 rg BT 248.85 665.25 Td (for ) Tj ET Q q 0 0 0 rg BT 263.01 665.25 Td (each ) Tj ET Q q 0 0 0 rg BT 283.82 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.65 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.37 665.25 Td (last ) Tj ET Q q 0 0 0 rg BT 325.76 665.25 Td (three ) Tj ET Q q 0 0 0 rg BT 348.24 665.25 Td (years ) Tj ET Q q 0 0 0 rg BT 371.84 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 386.55 665.25 Td (included ) Tj ET Q q 0 0 0 rg BT 423.48 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.76 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.48 665.25 Td (following ) Tj ET Q q 0 0 0 rg BT 489.86 665.25 Td (table.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 626.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 626.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 626.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 626.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 626.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 626.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 626.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 598.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 598.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 598.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 598.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 598.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 598.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 598.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 570.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 570.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 570.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 570.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 570.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 570.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 570.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 542.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 542.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 542.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 542.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 542.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 542.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 542.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 514.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 514.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 514.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 514.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 514.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 514.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 514.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 486.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 486.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 486.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 486.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 486.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 486.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 486.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 458.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 458.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 458.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 458.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 430.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 402.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 402.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 402.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 402.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 374.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 374.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 374.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 374.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 346.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 346.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 346.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 346.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 346.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 346.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 346.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 318.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 318.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 318.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 318.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 318.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 318.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 318.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 290.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 290.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 290.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 290.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 290.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 290.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 290.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 262.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 262.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 262.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 262.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 262.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 262.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 262.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 234.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 234.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 234.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 234.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 234.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 234.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 234.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 206.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 206.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 206.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 206.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 206.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 206.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 206.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 178.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 178.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 178.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 178.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 150.75 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 150.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 150.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 150.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 150.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 150.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 150.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 640.75 m 424 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 640.75 m 428 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 640.75 m 493 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 640.75 m 497 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 640.75 m 562 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 626.75 m 355 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 640.75 m 424 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 626.75 m 424 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 640.75 m 493 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 626.75 m 493 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 640.75 m 562 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 626.75 m 562 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 458.75 m 424 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 458.75 m 493 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 458.75 m 562 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 458.75 m 424 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 445.75 m 424 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 443.75 m 424 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 458.75 m 493 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 445.75 m 493 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 443.75 m 493 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 458.75 m 562 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 445.75 m 562 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 443.75 m 562 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 402.75 m 424 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 402.75 m 493 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 402.75 m 562 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 402.75 m 424 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 389.75 m 424 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 387.75 m 424 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 402.75 m 493 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 389.75 m 493 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 387.75 m 493 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 402.75 m 562 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 389.75 m 562 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 387.75 m 562 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 136.75 m 424 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 136.75 m 493 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 136.75 m 562 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 136.75 m 424 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 123.75 m 424 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 121.75 m 424 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 136.75 m 493 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 123.75 m 493 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 121.75 m 493 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 136.75 m 562 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 123.75 m 562 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 121.75 m 562 121.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 645.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.70 645.21 Td (Y) Tj ET Q q 0 0 0 rg BT 418.75 645.21 Td (ear Ended December 31,) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 51.50 631.20 Td (In thousands, except per shar) Tj ET Q q 0 0 0 rg BT 157.40 631.20 Td (e and unit data) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 631.21 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 631.21 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 631.21 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 617.20 Td (Operating r) Tj ET Q q 0 0 0 rg BT 97.16 617.20 Td (esults) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.00 617.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 617.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 617.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 603.21 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 603.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 603.21 Td (216,959) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 603.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 603.21 Td (322,698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 603.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 603.21 Td (163,152) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 589.21 Td (Net income per common share � basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 589.21 Td (0.47) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 589.21 Td (0.75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 589.21 Td (0.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 575.21 Td (Net income per common share � diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 575.21 Td (0.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 575.21 Td (0.71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 575.21 Td (0.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 561.21 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 561.21 Td (494,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 561.21 Td (529,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 561.21 Td (267,143) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 547.20 Td (A) Tj ET Q q 0 0 0 rg BT 57.67 547.20 Td (verage daily pr) Tj ET Q q 0 0 0 rg BT 115.24 547.20 Td (oduction volumes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 547.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 547.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 533.21 Td (Bbls/d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 533.21 Td (56,672) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 533.21 Td (58,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 533.21 Td (58,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 519.21 Td (Mcf/d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 519.21 Td (9,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 519.21 Td (10,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 519.21 Td (1) Tj ET Q q 0 0 0 rg BT 538.25 519.21 Td (1,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 505.21 Td (BOE/d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 505.21 Td (58,213) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 505.21 Td (60,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 505.21 Td (60,298) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 491.20 Td (Operating r) Tj ET Q q 0 0 0 rg BT 97.16 491.20 Td (evenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 491.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 491.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 491.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 477.21 Td (Oil sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 477.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.50 477.21 Td (1,205,083) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 477.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 477.21 Td (1,412,358) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 477.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.50 477.21 Td (1,079,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 463.21 Td (Natural gas sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 463.21 Td (6,937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 463.21 Td (10,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 463.21 Td (9,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.50 449.21 Td (T) Tj ET Q q 0 0 0 rg BT 80.37 449.21 Td (otal oil and natural gas sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 449.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.50 449.21 Td (1,212,020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 449.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 449.21 Td (1,422,589) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 449.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.50 449.21 Td (1,089,666) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 435.20 Td (Commodity derivative contracts) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 175.47 439.28 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 435.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 435.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 435.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 421.21 Td (Receipt \(payment\) on settlements of commodity d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.96 421.21 Td (erivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 421.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 421.21 Td (23,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 421.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 421.21 Td (\(175,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 421.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 421.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 421.21 Td (\(47,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 421.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 407.21 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 278.70 411.29 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 407.21 Td (\(93,684) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 407.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 407.21 Td (196,335) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 407.21 Td (\(29,781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 407.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.50 393.21 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 393.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 393.21 Td (\(70,078) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 393.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 393.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 393.21 Td (21,087) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 393.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 393.21 Td (\(77,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 393.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 379.20 Td (Unit prices � excluding impact of derivative settlements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 379.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 379.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 379.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 365.21 Td (Oil price per Bbl) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 365.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 365.21 Td (58.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 365.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 365.21 Td (66.1) Tj ET Q q 0 0 0 rg BT 485.00 365.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 365.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 365.21 Td (50.64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 351.21 Td (Natural gas price per Mcf) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 351.21 Td (2.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 351.21 Td (2.58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 351.21 Td (2.41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 337.20 Td (Unit prices � including impact of derivative settlements) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 263.22 341.28 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 337.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 337.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 323.21 Td (Oil price per Bbl) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 323.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 323.21 Td (59.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 323.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 323.21 Td (57.91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 323.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 323.21 Td (48.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 309.21 Td (Natural gas price per Mcf) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 309.21 Td (2.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 309.21 Td (2.58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 309.21 Td (2.41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 295.20 Td (Oil and natural gas operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 295.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 295.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 281.21 Td (Lease operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 281.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 281.21 Td (477,220) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 281.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 281.21 Td (489,720) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 281.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 281.21 Td (447,799) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 267.21 Td (T) Tj ET Q q 0 0 0 rg BT 68.84 267.21 Td (ransportation and marketing expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 267.21 Td (41,810) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 267.21 Td (43,942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 267.21 Td (44,064) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 253.21 Td (Production and ad valorem taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 253.21 Td (86,820) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 253.21 Td (96,589) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 253.21 Td (79,198) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 239.20 Td (Oil and natural gas operating r) Tj ET Q q 0 0 0 rg BT 171.10 239.20 Td (evenues and expenses per) Tj ET Q q 0 0 0 rg BT 268.69 239.20 Td ( BOE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 239.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 239.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 225.21 Td (Oil and natural gas revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 225.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 225.21 Td (57.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 225.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 225.21 Td (64.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 225.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 225.21 Td (49.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 211.21 Td (Lease operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 211.21 Td (22.46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 211.21 Td (22.24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 211.21 Td (20.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 197.21 Td (T) Tj ET Q q 0 0 0 rg BT 68.84 197.21 Td (ransportation and marketing expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 197.21 Td (1.97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 197.21 Td (2.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 197.21 Td (2.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 183.21 Td (Production and ad valorem taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.75 183.21 Td (4.09) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 183.21 Td (4.39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 183.21 Td (3.60) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 169.20 Td (CO) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 65.00 167.92 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.92 169.20 Td ( sour) Tj ET Q q 0 0 0 rg BT 87.01 169.20 Td (ces � r) Tj ET Q q 0 0 0 rg BT 111.34 169.20 Td (evenues and expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 169.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.00 169.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 155.21 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 76.00 153.92 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.93 155.21 Td ( sales and transportation fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 155.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 155.21 Td (34,142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 155.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 155.21 Td (31,145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 155.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 155.21 Td (26,182) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 141.21 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 76.00 139.92 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.93 141.21 Td ( discovery and operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 141.21 Td (\(2,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 141.21 Td 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108.25 Td (See ) Tj ET Q q 0 0 0 rg BT 84.61 108.25 Td (also ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 103.38 108.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 152.16 108.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 197.03 108.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.48 108.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.14 108.25 Td (below ) Tj ET Q q 0 0 0 rg BT 266.25 108.25 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 283.35 108.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 314.90 108.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 334.78 108.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.99 108.25 Td ( ) Tj ET Q q 0 0 0 rg BT 389.66 108.25 Td (for ) Tj ET Q q 0 0 0 rg BT 403.99 108.25 Td (information ) Tj ET Q q 0 0 0 rg BT 453.87 108.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 500.96 108.25 Td (our ) Tj ET Q q 0 0 0 rg BT 516.95 108.25 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 96.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 109.98 96.25 Td (transactions.) 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gs 409.00 235.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 207.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 207.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 207.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 207.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 207.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 207.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 207.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 207.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 207.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 207.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 207.75 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 664.75 m 255 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 664.75 m 305 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 664.75 m 355 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 664.75 m 405 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 664.75 m 409 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 664.75 m 463 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 664.75 m 513 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 664.75 m 563 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 664.75 m 255 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 650.75 m 255 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 664.75 m 305 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 650.75 m 305 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 664.75 m 355 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 650.75 m 355 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 664.75 m 405 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 650.75 m 405 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 664.75 m 409 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 664.75 m 413 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 650.75 m 463 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 650.75 m 513 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 650.75 m 563 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 627.75 m 201 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 627.75 m 255 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 627.75 m 305 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 627.75 m 355 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 627.75 m 405 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 650.75 m 409 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 650.75 m 463 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 627.75 m 463 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 650.75 m 513 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 627.75 m 513 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 650.75 m 563 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 627.75 m 563 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 627.75 m 409 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 613.75 m 409 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 599.75 m 409 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 585.75 m 409 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 571.75 m 409 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 557.75 m 409 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 543.75 m 409 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 529.75 m 409 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 501.75 m 255 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 501.75 m 305 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 501.75 m 355 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 501.75 m 405 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 515.75 m 409 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 501.75 m 463 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 501.75 m 513 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 501.75 m 563 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 501.75 m 255 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 487.75 m 255 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 501.75 m 305 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 487.75 m 305 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 501.75 m 355 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 487.75 m 355 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 501.75 m 405 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 487.75 m 405 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 501.75 m 409 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 501.75 m 463 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 487.75 m 463 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 501.75 m 513 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 487.75 m 513 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 501.75 m 563 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 487.75 m 563 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 487.75 m 409 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 473.75 m 409 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 459.75 m 409 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 431.75 m 255 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 431.75 m 305 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 431.75 m 355 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 431.75 m 405 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 445.75 m 409 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 431.75 m 463 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 431.75 m 513 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 431.75 m 563 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 431.75 m 255 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 431.75 m 305 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 417.75 m 305 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 431.75 m 355 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 417.75 m 355 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 431.75 m 405 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 417.75 m 405 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 431.75 m 409 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 431.75 m 463 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 417.75 m 463 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 431.75 m 513 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 417.75 m 513 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 431.75 m 563 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 417.75 m 563 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 417.75 m 255 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 403.75 m 255 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 417.75 m 305 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 403.75 m 305 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 417.75 m 355 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 403.75 m 355 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 417.75 m 405 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 403.75 m 405 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 417.75 m 409 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 417.75 m 463 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 403.75 m 463 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 417.75 m 513 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 403.75 m 513 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 417.75 m 563 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 403.75 m 563 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 403.75 m 409 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 389.75 m 409 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 375.75 m 409 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 361.75 m 409 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 333.75 m 255 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 333.75 m 305 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 333.75 m 355 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 333.75 m 405 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 347.75 m 409 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 333.75 m 463 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 333.75 m 513 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 333.75 m 563 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 319.75 m 255 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 319.75 m 305 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 319.75 m 355 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 319.75 m 405 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 333.75 m 409 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 319.75 m 463 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 319.75 m 513 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 319.75 m 563 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 319.75 m 409 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 305.75 m 409 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 291.75 m 409 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 277.75 m 255 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 263.75 m 255 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 277.75 m 305 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 263.75 m 305 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 277.75 m 355 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 263.75 m 355 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 277.75 m 405 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 263.75 m 405 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 277.75 m 409 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 277.75 m 463 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 263.75 m 463 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 277.75 m 513 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 263.75 m 513 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 277.75 m 563 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 263.75 m 563 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 249.75 m 255 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 263.75 m 305 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 249.75 m 305 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 263.75 m 355 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 249.75 m 355 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 263.75 m 405 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 249.75 m 405 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 263.75 m 409 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 263.75 m 463 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 249.75 m 463 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 263.75 m 513 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 249.75 m 513 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 263.75 m 563 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 249.75 m 563 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 235.75 m 255 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 249.75 m 305 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 235.75 m 305 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 249.75 m 355 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 235.75 m 355 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 249.75 m 405 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 235.75 m 405 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 249.75 m 409 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 249.75 m 463 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 235.75 m 463 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 249.75 m 513 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 235.75 m 513 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 249.75 m 563 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 235.75 m 563 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 235.75 m 409 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 221.75 m 409 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 207.75 m 255 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 194.75 m 255 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 192.75 m 255 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 207.75 m 305 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 194.75 m 305 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 192.75 m 305 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 207.75 m 355 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 194.75 m 355 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 192.75 m 355 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 207.75 m 405 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 194.75 m 405 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 192.75 m 405 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 207.75 m 409 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 207.75 m 463 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 194.75 m 463 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 192.75 m 463 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 207.75 m 513 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 194.75 m 513 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 192.75 m 513 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 207.75 m 563 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 194.75 m 563 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 192.75 m 563 192.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 669.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.95 669.21 Td (A) Tj ET Q q 0 0 0 rg BT 326.12 669.21 Td (verage Daily Production \(BOE/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 655.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.85 655.21 Td (2019 Quarters) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.20 655.21 Td (Y) Tj ET Q q 0 0 0 rg BT 446.25 655.21 Td (ear Ended December 31,) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 52.50 632.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.58 632.20 Td (Ar) Tj ET Q q 0 0 0 rg BT 100.25 632.20 Td (ea) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.20 641.21 Td (First) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 641.21 Td (Second) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.50 641.21 Td (Third) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.45 641.21 Td (Fourth) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.50 632.21 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 632.21 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.50 632.21 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 618.20 Td (T) Tj ET Q q 0 0 0 rg BT 58.09 618.20 Td (ertiary oil pr) Tj ET Q q 0 0 0 rg BT 107.08 618.20 Td (oduction) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 604.20 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 590.21 Td (Delhi ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 590.21 Td (4,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 590.21 Td (4,486) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 590.21 Td (4,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 590.21 Td (4,085) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 590.21 Td (4,324) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 590.21 Td (4,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 590.21 Td (4,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 576.21 Td (Hastings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 576.21 Td (5,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 576.21 Td (5,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 576.21 Td (5,513) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 576.21 Td (5,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 576.21 Td (5,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 576.21 Td (5,596) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 576.21 Td (4,830) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 562.21 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 93.90 562.21 Td (g) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 562.21 Td (3,987) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 562.21 Td (4,082) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 562.21 Td (4,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 562.21 Td (4,409) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 562.21 Td (4,195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 562.21 Td (4,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 562.21 Td (4,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 548.21 Td (Oyster Bayou) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 548.21 Td (4,740) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 548.21 Td (4,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 548.21 Td (3,995) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 548.21 Td (4,261) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 548.21 Td (4,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 548.21 Td (4,843) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 548.21 Td (5,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 534.21 Td (T) Tj ET Q q 0 0 0 rg BT 63.84 534.21 Td (insley) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 534.21 Td (4,659) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 534.21 Td (4,891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 534.21 Td (4,541) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 534.21 Td (4,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 534.21 Td (4,608) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 534.21 Td (5,530) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 534.21 Td (6,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 520.21 Td (W) Tj ET Q q 0 0 0 rg BT 66.63 520.21 Td (est ) Tj ET Q q 0 0 0 rg BT 78.35 520.21 Td (Y) Tj ET Q q 0 0 0 rg BT 84.24 520.21 Td (ellow Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.00 520.21 Td (436) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 520.21 Td (586) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 520.21 Td (728) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 520.21 Td (807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 520.21 Td (640) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 520.21 Td (205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 520.21 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 506.21 Td (Mature properties) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 122.73 510.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 506.21 Td (6,479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 506.21 Td (6,448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 506.21 Td (6,415) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 506.21 Td (6,347) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 506.21 Td (6,422) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 506.21 Td (6,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 506.21 Td (7,078) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 492.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 492.21 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 492.21 Td (30,314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 492.21 Td (30,353) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 492.21 Td (29,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 492.21 Td (29,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 492.21 Td (29,937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 492.21 Td (31,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 492.21 Td (33,078) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 478.20 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 464.21 Td (Bell Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 464.21 Td (4,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 464.21 Td (5,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 464.21 Td (4,686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 464.21 Td (5,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 464.21 Td (5,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 464.21 Td (4,1) Tj ET Q q 0 0 0 rg BT 500.50 464.21 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 464.21 Td (3,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 450.21 Td (Salt Creek) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 96.24 454.29 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.06 450.21 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 450.21 Td (2,057) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 450.21 Td (2,078) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 450.21 Td (2,213) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 450.21 Td (2,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 450.21 Td (2,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 450.21 Td (2,109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 450.21 Td (1,1) Tj ET Q q 0 0 0 rg BT 550.50 450.21 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 436.21 Td (Grieve) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.50 436.21 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 436.21 Td (41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.50 436.21 Td (58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.50 436.21 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 436.21 Td (53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 436.21 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 436.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 422.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 422.21 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 422.21 Td (6,759) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 422.21 Td (8,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 422.21 Td (6,957) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 422.21 Td (7,901) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 422.21 Td (7,424) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 422.21 Td (6,229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 422.21 Td (4,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 408.21 Td (T) Tj ET Q q 0 0 0 rg BT 57.68 408.21 Td (otal tertiary oil production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 408.21 Td (37,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 408.21 Td (38,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 408.21 Td (36,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 408.21 Td (37,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 408.21 Td (37,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 408.21 Td (37,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 408.21 Td (37,506) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 394.20 Td (Non-tertiary oil and gas pr) Tj ET Q q 0 0 0 rg BT 155.41 394.20 Td (oduction) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 380.20 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 366.21 Td (Mississippi) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 366.21 Td (1,034) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 366.21 Td (1,025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 366.21 Td (873) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 366.21 Td (952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 366.21 Td (970) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 366.21 Td (960) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 366.21 Td (981) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 352.21 Td (T) Tj ET Q q 0 0 0 rg BT 63.37 352.21 Td (exas) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 79.36 356.29 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 352.21 Td (4,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 352.21 Td (4,243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 352.21 Td (4,268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 352.21 Td (4,382) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 352.21 Td (4,310) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 352.21 Td (4,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 352.21 Td (4,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 338.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.50 338.21 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.00 338.21 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.00 338.21 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 338.21 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 338.21 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 338.21 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 338.21 Td (81) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 324.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 324.21 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 324.21 Td (5,389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 324.21 Td (5,274) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 324.21 Td (5,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 324.21 Td (5,339) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 324.21 Td (5,286) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 324.21 Td (5,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 324.21 Td (5,555) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 310.20 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 296.21 Td (Cedar Creek ) Tj ET Q q 0 0 0 rg BT 105.73 296.21 Td (Anticline) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 296.21 Td (14,987) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 296.21 Td (14,31) Tj ET Q q 0 0 0 rg BT 297.00 296.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 296.21 Td (13,354) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 296.21 Td (13,730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 296.21 Td (14,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 296.21 Td (14,837) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 296.21 Td (14,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 282.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 282.21 Td (1,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 282.21 Td (1,305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 282.21 Td (1,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 282.21 Td (1,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 282.21 Td (1,262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 282.21 Td (1,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 282.21 Td (1,537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 268.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.37 268.21 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 268.21 Td (16,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 268.21 Td (15,616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 268.21 Td (14,592) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 268.21 Td (14,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 268.21 Td (15,352) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 268.21 Td (16,268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 268.21 Td (16,291) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 254.21 Td (T) Tj ET Q q 0 0 0 rg BT 57.37 254.21 Td (otal non-tertiary production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 254.21 Td (21,689) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 254.21 Td (20,890) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 254.21 Td (19,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 254.21 Td (20,261) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 254.21 Td (20,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 254.21 Td (21,787) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 254.21 Td (21,846) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 240.20 Td (T) Tj ET Q q 0 0 0 rg BT 58.09 240.20 Td (otal continuing pr) Tj ET Q q 0 0 0 rg BT 126.61 240.20 Td (oduction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 240.21 Td (58,762) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 240.21 Td (59,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 240.21 Td (56,441) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 240.21 Td (57,51) Tj ET Q q 0 0 0 rg BT 397.00 240.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 240.21 Td (57,999) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 240.21 Td (59,615) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 240.21 Td (59,352) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 226.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.91 226.20 Td (operty sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 212.21 Td (Property divestitures) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 133.24 216.29 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.00 212.21 Td (456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 212.21 Td (406) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.50 212.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.50 212.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 212.21 Td (214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 212.21 Td (726) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 212.21 Td (946) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 198.20 Td (T) Tj ET Q q 0 0 0 rg BT 57.68 198.20 Td (otal pr) Tj ET Q q 0 0 0 rg BT 83.26 198.20 Td (oduction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 198.21 Td (59,218) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 198.21 Td (59,719) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 198.21 Td (56,441) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 198.21 Td (57,51) Tj ET Q q 0 0 0 rg BT 397.00 198.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 198.21 Td (58,213) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 198.21 Td (60,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 198.21 Td (60,298) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 179.25 Td (Mature ) Tj ET Q q 0 0 0 rg BT 98.88 179.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 141.36 179.25 Td (include ) Tj ET Q q 0 0 0 rg BT 173.30 179.25 Td (Brookhaven, ) Tj ET Q q 0 0 0 rg BT 227.17 179.25 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 269.94 179.25 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 305.48 179.25 Td (Little ) Tj ET Q q 0 0 0 rg BT 329.64 179.25 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 358.52 179.25 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 401.84 179.25 Td (Martinville, ) Tj ET Q q 0 0 0 rg BT 451.83 179.25 Td (McComb ) Tj ET Q q 0 0 0 rg BT 492.10 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.04 179.25 Td (Soso ) Tj ET Q q 0 0 0 rg BT 531.00 179.25 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 164.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 114.49 164.25 Td (production ) Tj ET Q q 0 0 0 rg BT 160.93 164.25 Td (related ) Tj ET Q q 0 0 0 rg BT 191.24 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.13 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.46 164.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 264.45 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.89 164.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.44 164.25 Td (23% ) Tj ET Q q 0 0 0 rg BT 304.89 164.25 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 360.75 164.25 Td (working ) Tj ET Q q 0 0 0 rg BT 397.19 164.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 429.74 164.25 Td (in ) Tj ET Q q 0 0 0 rg BT 440.63 164.25 Td (Salt ) Tj ET Q q 0 0 0 rg BT 459.30 164.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 486.29 164.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 509.96 164.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.62 164.25 Td (W) Tj ET Q q 0 0 0 rg BT 529.46 164.25 Td (yoming, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 152.25 Td (which ) Tj ET Q q 0 0 0 rg BT 94.44 152.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 122.49 152.25 Td (on ) Tj ET Q q 0 0 0 rg BT 134.99 152.25 Td (June ) Tj ET Q q 0 0 0 rg BT 155.82 152.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 170.82 152.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 137.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.65 137.25 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 153.12 137.25 Td (production ) Tj ET Q q 0 0 0 rg BT 198.71 137.25 Td (related ) Tj ET Q q 0 0 0 rg BT 228.18 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.23 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.72 137.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 270.54 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.13 137.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 301.73 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.33 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 327.93 137.25 Td (working ) Tj ET Q q 0 0 0 rg BT 363.53 137.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 399.13 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.01 137.25 Td (W) Tj ET Q q 0 0 0 rg BT 417.65 137.25 Td (ebster) Tj ET Q q 0 0 0 rg BT 441.13 137.25 Td (, ) Tj ET Q q 0 0 0 rg BT 445.73 137.25 Td (Thompson, ) Tj ET Q q 0 0 0 rg BT 493.28 137.25 Td (Manvel, ) Tj ET Q q 0 0 0 rg BT 528.60 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 545.30 137.25 Td (East ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.25 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 105.63 125.25 Td (fields, ) Tj ET Q q 0 0 0 rg BT 133.48 125.25 Td (which ) Tj ET Q q 0 0 0 rg BT 161.05 125.25 Td (is ) Tj ET Q q 0 0 0 rg BT 170.85 125.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 209.51 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.42 125.25 Td (close ) Tj ET Q q 0 0 0 rg BT 244.10 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.01 125.25 Td (March ) Tj ET Q q 0 0 0 rg BT 284.24 125.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 307.37 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.94 125.25 Td (averaged ) Tj ET Q q 0 0 0 rg BT 364.16 125.25 Td (1,170 ) Tj ET Q q 0 0 0 rg BT 389.79 125.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 420.70 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.27 125.25 Td (1,085 ) Tj ET Q q 0 0 0 rg BT 463.90 125.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 494.81 125.25 Td (for ) Tj ET Q q 0 0 0 rg BT 509.60 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.95 125.25 Td (three ) Tj ET Q q 0 0 0 rg BT 548.07 125.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 96.66 113.25 Td (months ) Tj ET Q q 0 0 0 rg BT 128.60 113.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 154.98 113.25 Td (December ) Tj ET Q q 0 0 0 rg BT 198.56 113.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 213.56 113.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 238.56 113.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 286.23 113.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.25 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 98.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.88 98.25 Td (production ) Tj ET Q q 0 0 0 rg BT 149.70 98.25 Td (from ) Tj ET Q q 0 0 0 rg BT 171.64 98.25 Td (Citronelle ) Tj ET Q q 0 0 0 rg BT 214.13 98.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 237.19 98.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 256.36 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.64 98.25 Td (July ) Tj ET Q q 0 0 0 rg BT 285.81 98.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 308.31 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.24 98.25 Td (Lockhart ) Tj ET Q q 0 0 0 rg BT 363.84 98.25 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 401.90 98.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 424.96 98.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 444.13 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.40 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.12 98.25 Td (third ) Tj ET Q q 0 0 0 rg BT 490.51 98.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 521.32 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.15 98.25 Td (2018.) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (48) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 713.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.20 713.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 81.83 713.10 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 689.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 89.70 689.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 134.27 689.10 Td (production ) Tj ET Q q 0 0 0 rg BT 179.38 689.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.29 689.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.29 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.08 689.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.96 689.10 Td (57,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.46 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.25 689.10 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 328.32 689.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.89 689.10 Td (37,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.39 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.18 689.10 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 425.09 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 446.33 689.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 476.99 689.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 518.77 689.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 689.10 Td (20,638) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 79.24 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 100.65 677.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 149.81 677.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 194.26 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.08 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 201.49 677.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 218.45 677.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 263.19 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 308.48 677.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 345.43 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 390.72 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 412.12 677.10 Td (Citronelle ) Tj ET Q q 0 0 0 rg BT 454.08 677.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 476.60 677.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 495.23 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.98 677.10 Td (July ) Tj ET Q q 0 0 0 rg BT 523.61 677.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 545.57 677.10 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.60 665.10 Td (prior) Tj ET Q q 0 0 0 rg BT 81.84 665.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 103.82 665.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 137.21 665.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 173.64 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 218.41 665.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.29 665.10 Td (Lockhart ) Tj ET Q q 0 0 0 rg BT 276.83 665.10 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 313.83 665.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 335.83 665.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 353.95 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.17 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.83 665.10 Td (third ) Tj ET Q q 0 0 0 rg BT 397.16 665.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 426.92 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.70 665.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 460.64 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.09 665.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.08 665.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.08 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.53 665.10 Td (total ) Tj ET Q q 0 0 0 rg BT 519.74 665.10 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.98 653.10 Td (level ) Tj ET Q q 0 0 0 rg BT 118.58 653.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 162.27 653.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.87 653.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.29 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.44 653.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.93 653.10 Td (1,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.43 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.59 653.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 275.53 653.10 Td (\(3%\) ) Tj ET Q q 0 0 0 rg BT 298.68 653.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 341.26 653.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.20 653.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.20 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.36 653.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 404.34 653.10 Td (most ) Tj ET Q q 0 0 0 rg BT 426.95 653.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 480.10 653.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 528.80 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.73 653.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 81.96 641.10 Td (production ) Tj ET Q q 0 0 0 rg BT 128.87 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 139.41 641.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.17 641.10 Td (insley ) Tj ET Q q 0 0 0 rg BT 172.64 641.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 196.78 641.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 237.58 641.10 Td (due ) Tj ET Q q 0 0 0 rg BT 255.60 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.97 641.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 302.21 641.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 345.79 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.81 641.10 Td (preventative ) Tj ET Q q 0 0 0 rg BT 416.82 641.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 470.93 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.95 641.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 515.31 641.10 Td (non-tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.02 629.10 Td (at ) Tj ET Q q 0 0 0 rg BT 104.42 629.10 Td (CCA, ) Tj ET Q q 0 0 0 rg BT 129.67 629.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 165.18 629.10 Td (of) Tj ET Q q 0 0 0 rg BT 173.33 629.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 189.96 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 202.15 629.10 Td (production ) Tj ET Q q 0 0 0 rg BT 247.67 629.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 286.50 629.10 Td (from ) Tj ET Q q 0 0 0 rg BT 308.13 629.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 326.99 629.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 353.05 629.10 Td (Field�) Tj ET Q q 0 0 0 rg BT 376.39 629.10 Td (s ) Tj ET Q q 0 0 0 rg BT 382.47 629.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 407.43 629.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 414.62 629.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 470.96 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.15 629.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 490.89 629.10 Td (production ) Tj ET Q q 0 0 0 rg BT 536.40 629.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 617.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.05 617.10 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.38 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.88 617.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 126.44 617.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 168.93 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.21 617.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 211.71 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.65 617.10 Td (2017.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.78 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.84 593.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 117.57 593.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 136.18 593.10 Td (Revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.14 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.44 569.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 128.07 569.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.26 569.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 180.66 569.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.94 569.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.27 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.13 569.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.31 569.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.31 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.17 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.47 569.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.47 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.34 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.64 569.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.25 569.10 Td (31%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.58 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.45 569.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.63 569.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.63 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.49 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.79 569.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.79 569.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.15 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.88 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.29 569.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.49 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.02 557.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 90.79 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.44 557.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 139.41 557.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 155.95 557.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 194.69 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.11 557.10 Td (due ) Tj ET Q q 0 0 0 rg BT 227.75 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.74 557.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 274.15 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.14 557.10 Td (production ) Tj ET Q q 0 0 0 rg BT 331.67 557.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 373.76 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.41 557.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 426.26 557.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 475.02 557.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 502.10 557.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 548.07 557.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.21 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.04 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.87 545.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 153.92 545.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 196.40 545.10 Td (contracts\), ) Tj ET Q q 0 0 0 rg BT 240.83 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.66 545.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 289.13 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.41 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.12 545.10 Td (following ) Tj ET Q q 0 0 0 rg BT 355.51 545.10 Td (table:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 473.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 473.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 473.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 473.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 473.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 473.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 443.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 443.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 443.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 443.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 443.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 443.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 443.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 443.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 443.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 510.6 m 354.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 510.6 m 358.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 510.6 m 423.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 510.6 m 492.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 510.6 m 496.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 510.6 m 561.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 473.6 m 285.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 510.6 m 354.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 473.6 m 354.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 510.6 m 358.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 510.6 m 423.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 473.6 m 423.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 510.6 m 492.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 473.6 m 492.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 510.6 m 496.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 510.6 m 561.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 473.6 m 561.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 428.6 m 354.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 428.6 m 423.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 428.6 m 492.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 428.6 m 561.5 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 414.6 m 354.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 412.6 m 354.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 414.6 m 423.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 412.6 m 423.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 414.6 m 492.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 412.6 m 492.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 414.6 m 561.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 412.6 m 561.5 412.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.95 522.85 Td (Y) Tj ET Q q 0 0 0 rg BT 318.93 522.85 Td (ear Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.40 514.85 Td (2019 vs. 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.95 522.85 Td (Y) Tj ET Q q 0 0 0 rg BT 456.93 522.85 Td (ear Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.40 514.85 Td (2018 vs. 2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 52.00 477.85 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.70 485.85 Td (Decrease in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.90 477.85 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.95 493.85 Td (Percentage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.70 485.85 Td (Decrease in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.90 477.85 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.05 485.85 Td (Increase in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.90 477.85 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.95 493.85 Td (Percentage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.05 485.85 Td (Increase in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.90 477.85 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 463.27 Td (Change in oil and natural gas revenues due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 463.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 463.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 463.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 463.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 448.27 Td (Increase \(decrease\) in production) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 448.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 448.32 Td (\(50,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 448.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.95 448.27 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 448.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 448.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 448.27 Td (765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 448.27 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 448.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 433.27 Td (Increase \(decrease\) in commodity prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 433.32 Td (\(160,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 433.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.95 433.27 Td (\(1) Tj ET Q q 0 0 0 rg BT 406.28 433.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 433.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 433.27 Td (332,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 433.27 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 433.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 418.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 418.27 Td (otal increase \(decrease\) in oil and natural gas revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 418.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 418.32 Td (\(210,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 418.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.95 418.27 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 418.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 418.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 418.27 Td (332,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 418.27 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 418.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 112.45 390.10 Td (any ) Tj ET Q q 0 0 0 rg BT 130.73 390.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.79 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.96 390.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.13 390.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 240.53 390.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 284.35 390.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 326.79 390.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.96 390.10 Td (average ) Tj ET Q q 0 0 0 rg BT 378.89 390.10 Td (net ) Tj ET Q q 0 0 0 rg BT 394.95 390.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 430.44 390.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 479.83 390.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 507.55 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.83 390.10 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 378.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 100.13 378.10 Td (were ) Tj ET Q q 0 0 0 rg BT 122.06 378.10 Td (as ) Tj ET Q q 0 0 0 rg BT 132.89 378.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 165.39 378.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 378.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 378.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.00 378.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 378.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.50 378.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.44 378.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.44 378.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 337.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 307.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 277.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 277.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 277.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 277.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 277.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 277.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 247.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 247.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 247.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 247.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 247.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 247.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 217.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 217.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 217.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 217.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 217.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 217.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 187.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 187.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 187.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 187.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 157.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 157.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 157.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 157.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 157.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 157.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 352.6 m 423.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 352.6 m 427.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 352.6 m 492.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 352.6 m 496.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 352.6 m 561.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 352.6 m 423.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 337.6 m 423.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 352.6 m 492.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 337.6 m 492.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 352.6 m 561.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 337.6 m 561.5 337.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 357.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 357.27 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 357.27 Td (ear Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 342.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 342.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 342.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 342.27 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 327.28 Td (A) Tj ET Q q 0 0 0 rg BT 58.85 327.28 Td (verage net r) Tj ET Q q 0 0 0 rg BT 109.47 327.28 Td (ealized prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 327.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 327.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 327.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 312.27 Td (Oil price per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 312.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 312.27 Td (58.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 312.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 312.27 Td (66.1) Tj ET Q q 0 0 0 rg BT 483.65 312.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 312.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 312.27 Td (50.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 297.27 Td (Natural gas price per Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 297.27 Td (2.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 297.27 Td (2.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 297.27 Td (2.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 282.27 Td (Price per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 282.27 Td (57.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 282.27 Td (64.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 282.27 Td (49.51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 267.28 Td (A) Tj ET Q q 0 0 0 rg BT 58.48 267.28 Td (verage NYMEX differ) Tj ET Q q 0 0 0 rg BT 153.26 267.28 Td (entials) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 267.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 267.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 267.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 252.27 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 237.27 Td ( Oil per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 237.27 Td (3.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 237.27 Td (2.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 237.27 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 222.27 Td (Natural gas per Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 222.32 Td (\(0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 222.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 222.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 222.32 Td (\(0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 222.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 207.27 Td ( Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 192.27 Td (Oil per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 192.32 Td (\(2.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 192.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 192.32 Td (\(1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 192.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 192.32 Td (\(1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 192.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 177.27 Td ( Natural gas per Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 177.32 Td (\(0.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 177.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 177.32 Td (\(1.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 177.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 177.32 Td (\(1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 177.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 162.27 Td (T) Tj ET Q q 0 0 0 rg BT 69.41 162.27 Td (otal Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 147.27 Td (Oil per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 147.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 147.27 Td (1.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 147.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 147.27 Td (1.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 147.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 147.32 Td (\(0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 147.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 132.27 Td (Natural gas per Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 132.32 Td (\(0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 132.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 132.32 Td (\(0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 132.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 132.32 Td (\(0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 132.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 104.10 Td (Prices ) Tj ET Q q 0 0 0 rg BT 94.98 104.10 Td (received ) Tj ET Q q 0 0 0 rg BT 131.89 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.72 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.20 104.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 186.01 104.10 Td (market ) Tj ET Q q 0 0 0 rg BT 216.82 104.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 254.85 104.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 298.99 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.47 104.10 Td (can ) Tj ET Q q 0 0 0 rg BT 333.39 104.10 Td (dif) Tj ET Q q 0 0 0 rg BT 344.32 104.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 358.47 104.10 Td (from ) Tj ET Q q 0 0 0 rg BT 380.95 104.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 420.66 104.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 452.03 104.10 Td (due ) Tj ET Q q 0 0 0 rg BT 469.52 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.34 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.83 104.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 518.63 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.01 104.10 Td (reasons, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.77 92.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 118.94 92.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 146.99 92.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 181.15 92.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 213.35 92.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 238.06 92.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 251.12 92.10 Td (quality) Tj ET Q q 0 0 0 rg BT 278.24 92.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.24 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.18 92.10 Td (location ) Tj ET Q q 0 0 0 rg BT 334.89 92.10 Td (dif) Tj ET Q q 0 0 0 rg BT 345.82 92.10 Td (ferentials.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 68.10 Td (� ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 68.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 107.60 68.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 134.69 68.10 Td (Region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.69 68.10 Td (. ) Tj ET Q q 0 0 0 rg BT 169.84 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.49 68.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 190.69 68.10 Td (average ) Tj ET Q q 0 0 0 rg BT 224.42 68.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 263.73 68.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 276.94 68.10 Td (dif) Tj ET Q q 0 0 0 rg BT 287.87 68.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 323.83 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.25 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.12 68.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 370.10 68.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 395.53 68.10 Td (region ) Tj ET Q q 0 0 0 rg BT 423.72 68.10 Td (was ) Tj ET Q q 0 0 0 rg BT 441.92 68.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.01 68.10 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.32 68.10 Td ($3.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.82 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.47 68.10 Td (per ) Tj ET Q q 0 0 0 rg BT 523.89 68.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 540.99 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 558.08 68.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 56.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 119.46 56.10 Td ($2.94 ) Tj ET Q q 0 0 0 rg BT 144.26 56.10 Td (per ) Tj ET Q q 0 0 0 rg BT 159.33 56.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 176.08 56.10 Td (during ) Tj ET Q q 0 0 0 rg BT 204.48 56.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 226.78 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.52 56.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 268.32 56.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 315.98 56.10 Td (. ) Tj ET Q q 0 0 0 rg BT 320.78 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.08 56.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 361.85 56.10 Td (, ) Tj ET Q q 0 0 0 rg BT 366.65 56.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.28 56.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 402.91 56.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 427.99 56.10 Td (region ) Tj ET Q q 0 0 0 rg BT 455.83 56.10 Td (dif) Tj ET Q q 0 0 0 rg BT 466.76 56.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 506.26 56.10 Td (are ) Tj ET Q q 0 0 0 rg BT 520.77 56.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 554.73 56.10 Td (to ) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 713.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 126.10 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.47 713.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 173.96 713.10 Td (correlated ) Tj ET Q q 0 0 0 rg BT 217.86 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.57 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.72 713.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 281.86 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.58 713.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 321.39 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.65 713.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 359.25 713.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 402.61 713.10 Td (Sweet ) Tj ET Q q 0 0 0 rg BT 430.99 713.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 457.13 713.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 474.12 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 502.49 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 525.30 713.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 701.10 Td (strengthened ) Tj ET Q q 0 0 0 rg BT 139.09 701.10 Td (over ) Tj ET Q q 0 0 0 rg BT 159.36 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.08 701.10 Td (past ) Tj ET Q q 0 0 0 rg BT 192.69 701.10 Td (year) Tj ET Q q 0 0 0 rg BT 209.49 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.49 701.10 Td (although ) Tj ET Q q 0 0 0 rg BT 251.99 701.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 272.82 701.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 298.10 701.10 Td (region ) Tj ET Q q 0 0 0 rg BT 326.14 701.10 Td (dif) Tj ET Q q 0 0 0 rg BT 337.07 701.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 376.77 701.10 Td (softened ) Tj ET Q q 0 0 0 rg BT 413.15 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.43 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.15 701.10 Td (second ) Tj ET Q q 0 0 0 rg BT 468.42 701.10 Td (half ) Tj ET Q q 0 0 0 rg BT 486.46 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.29 701.10 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (� ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 677.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 116.40 677.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 162.32 677.10 Td (Region. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.19 677.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 242.53 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 256.77 677.10 Td (dif) Tj ET Q q 0 0 0 rg BT 267.70 677.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 308.59 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.05 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.95 677.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 365.74 677.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 408.31 677.10 Td (region ) Tj ET Q q 0 0 0 rg BT 437.54 677.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.31 677.10 Td ($2.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.81 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.49 677.10 Td (per ) Tj ET Q q 0 0 0 rg BT 519.94 677.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 538.07 677.10 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 665.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 124.27 665.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.48 665.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.48 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.09 665.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 218.62 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.50 665.10 Td (an ) Tj ET Q q 0 0 0 rg BT 240.04 665.10 Td (average ) Tj ET Q q 0 0 0 rg BT 273.23 665.10 Td (dif) Tj ET Q q 0 0 0 rg BT 284.16 665.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 319.57 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.01 665.10 Td ($1.50 ) Tj ET Q q 0 0 0 rg BT 354.61 665.10 Td (per ) Tj ET Q q 0 0 0 rg BT 369.48 665.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 386.04 665.10 Td (below ) Tj ET Q q 0 0 0 rg BT 412.58 665.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 451.35 665.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.23 665.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.23 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.84 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.94 665.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 501.09 665.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 540.40 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 665.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 653.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 114.02 653.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 155.31 653.10 Td (region ) Tj ET Q q 0 0 0 rg BT 183.27 653.10 Td (can ) Tj ET Q q 0 0 0 rg BT 199.56 653.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 236.95 653.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 289.35 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.76 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.61 653.10 Td (month-to-month ) Tj ET Q q 0 0 0 rg BT 376.57 653.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 398.98 653.10 Td (due ) Tj ET Q q 0 0 0 rg BT 415.82 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.01 653.10 Td (weather) Tj ET Q q 0 0 0 rg BT 457.26 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.17 653.10 Td (refinery ) Tj ET Q q 0 0 0 rg BT 496.22 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.96 653.10 Td (transportation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 641.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 114.39 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.33 641.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 171.59 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.53 641.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 208.82 641.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 233.52 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 246.58 641.10 Td (price ) Tj ET Q q 0 0 0 rg BT 269.06 641.10 Td (index ) Tj ET Q q 0 0 0 rg BT 293.78 641.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 329.24 641.10 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (CO) Tj ET Q BT /F4 9.00 Tf ET BT /F4 5.85 Tf ET q 0 0 0 rg BT 62.00 615.81 Td (2) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.93 617.10 Td (�Revenues ) Tj ET Q q 0 0 0 rg BT 109.37 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.43 617.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 593.10 Td (e ) Tj ET Q q 0 0 0 rg BT 81.96 593.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 97.24 593.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 156.38 593.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 176.10 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.26 593.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 204.98 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.70 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.41 593.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 268.01 593.10 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 281.90 591.81 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.82 593.10 Td (�from ) Tj ET Q q 0 0 0 rg BT 308.15 593.10 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 341.20 593.10 Td (Dome ) Tj ET Q q 0 0 0 rg BT 367.02 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.19 593.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 420.34 593.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 459.50 593.10 Td (users ) Tj ET Q q 0 0 0 rg BT 481.44 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 490.04 593.10 Td (various ) Tj ET Q q 0 0 0 rg BT 520.86 593.10 Td (contracted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.19 581.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 114.21 581.10 Td (under ) Tj ET Q q 0 0 0 rg BT 138.79 581.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 180.03 581.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 220.44 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.12 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 230.75 581.10 Td (e ) Tj ET Q q 0 0 0 rg BT 237.00 581.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 277.68 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.70 581.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 325.16 581.10 Td (received ) Tj ET Q q 0 0 0 rg BT 360.83 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 372.64 581.10 Td (these ) Tj ET Q q 0 0 0 rg BT 395.00 581.10 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 408.89 579.81 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.82 581.10 Td (�sales ) Tj ET Q q 0 0 0 rg BT 435.57 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 445.71 581.10 Td (�CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 464.04 579.81 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.96 581.10 Td (�sales ) Tj ET Q q 0 0 0 rg BT 490.71 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.96 581.10 Td (transportation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (fees� ) Tj ET Q q 0 0 0 rg BT 73.48 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 94.70 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.35 569.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 171.00 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 194.44 569.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 241.74 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.51 569.10 Td (�CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 271.84 567.81 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.77 569.10 Td (�discovery ) Tj ET Q q 0 0 0 rg BT 319.58 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.46 569.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 378.67 569.10 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 422.64 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.86 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 450.63 569.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 506.84 569.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 554.17 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 95.89 533.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 111.17 533.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 153.11 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.17 533.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (From ) Tj ET Q q 0 0 0 rg BT 91.98 509.10 Td (time ) Tj ET Q q 0 0 0 rg BT 112.56 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.15 509.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 146.23 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 160.70 509.10 Td (market ) Tj ET Q q 0 0 0 rg BT 191.27 509.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 236.85 509.10 Td (production ) Tj ET Q q 0 0 0 rg BT 282.98 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.45 509.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 315.81 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.39 509.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 366.96 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.43 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.67 509.10 Td (fee. ) Tj ET Q q 0 0 0 rg BT 406.19 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.79 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 417.43 509.10 Td (e ) Tj ET Q q 0 0 0 rg BT 424.68 509.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 466.35 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.38 509.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 515.83 509.10 Td (received ) Tj ET Q q 0 0 0 rg BT 552.50 509.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.76 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 86.04 497.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 108.19 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.24 497.10 Td (�Purchased ) Tj ET Q q 0 0 0 rg BT 167.50 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 180.77 497.10 Td (sales� ) Tj ET Q q 0 0 0 rg BT 207.36 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.52 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.45 497.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 278.27 497.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 314.30 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.80 497.10 Td (market ) Tj ET Q q 0 0 0 rg BT 355.28 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.43 497.10 Td (transport ) Tj ET Q q 0 0 0 rg BT 410.70 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.63 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 438.91 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 449.95 497.10 Td (�Purchased ) Tj ET Q q 0 0 0 rg BT 498.21 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 511.48 497.10 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 554.74 497.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 485.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 120.60 485.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 166.99 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.82 485.10 Td (Operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 99.22 461.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 143.92 461.10 Td (Contracts) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 183.93 461.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 437.10 Td (e ) Tj ET Q q 0 0 0 rg BT 81.94 437.10 Td (routinely ) Tj ET Q q 0 0 0 rg BT 119.41 437.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 140.77 437.10 Td (into ) Tj ET Q q 0 0 0 rg BT 157.69 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 169.61 437.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 210.96 437.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 248.42 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.57 437.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 289.48 437.10 Td (an ) Tj ET Q q 0 0 0 rg BT 300.29 437.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 340.53 437.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 365.77 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.47 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.17 437.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 427.63 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.78 437.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 483.70 437.10 Td (price ) Tj ET Q q 0 0 0 rg BT 505.05 437.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 521.42 437.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.17 425.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 116.93 425.10 Td (future ) Tj ET Q q 0 0 0 rg BT 143.70 425.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 157.15 425.10 Td (production ) Tj ET Q q 0 0 0 rg BT 203.37 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.70 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.37 425.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 264.81 425.10 Td (more ) Tj ET Q q 0 0 0 rg BT 288.25 425.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 326.13 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.80 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.02 425.10 Td (future ) Tj ET Q q 0 0 0 rg BT 379.79 425.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 400.45 425.10 Td (flows.��) Tj ET Q q 0 0 0 rg BT 429.99 425.10 Td (These ) Tj ET Q q 0 0 0 rg BT 456.76 425.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 495.75 425.10 Td (have ) Tj ET Q q 0 0 0 rg BT 517.52 425.10 Td (historically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 88.44 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.48 413.10 Td (price ) Tj ET Q q 0 0 0 rg BT 120.19 413.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 147.74 413.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 178.61 413.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 220.31 413.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 251.18 413.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 296.76 413.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 325.42 413.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 371.00 413.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 397.17 413.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 436.64 413.10 Td (with ) Tj ET Q q 0 0 0 rg BT 456.14 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.29 413.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 480.68 413.10 Td (put, ) Tj ET Q q 0 0 0 rg BT 497.68 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.84 413.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 535.55 413.10 Td (swaps.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.59 389.10 Td (following ) Tj ET Q q 0 0 0 rg BT 127.01 389.10 Td (table ) Tj ET Q q 0 0 0 rg BT 148.99 389.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 199.29 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.05 389.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 243.80 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.67 389.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 307.77 389.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 350.29 389.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 388.92 389.10 Td (had ) Tj ET Q q 0 0 0 rg BT 405.90 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.44 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.31 389.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 474.62 389.10 Td (results ) Tj ET Q q 0 0 0 rg BT 503.26 389.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.46 389.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.46 389.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 389.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 377.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 377.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 338.60 238.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 288.00 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 292.00 338.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 343.00 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 338.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 398.00 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 402.00 338.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.00 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.00 338.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 338.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 338.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 310.60 238.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 288.00 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 292.00 310.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 343.00 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 310.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 398.00 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 402.00 310.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.00 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.00 310.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 310.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 282.60 238.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 288.00 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 292.00 282.60 51.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 343.00 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 282.60 51.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 398.00 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 402.00 282.60 51.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.00 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.00 282.60 51.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 282.60 51.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 253.60 238.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 288.00 253.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 292.00 253.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 343.00 253.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 253.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 398.00 253.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 402.00 253.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.00 253.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.00 253.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 253.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 253.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 225.60 238.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 288.00 225.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 292.00 225.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 343.00 225.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 225.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 398.00 225.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 402.00 225.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.00 225.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.00 225.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 225.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 225.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 196.60 238.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 288.00 196.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 292.00 196.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 343.00 196.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 196.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 398.00 196.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 402.00 196.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.00 196.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.00 196.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 196.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 196.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 168.60 238.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 288.00 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 292.00 168.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 343.00 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 168.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 398.00 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 402.00 168.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.00 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.00 168.60 51.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 168.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 168.60 51.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 352.6 m 343 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 352.6 m 347 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 352.6 m 398 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 352.6 m 402 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 352.6 m 453 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 352.6 m 457 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 352.6 m 508 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 338.6 m 288 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 338.6 m 343 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 338.6 m 398 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 338.6 m 453 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 338.6 m 508 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 338.6 m 563 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 296.6 m 343 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 296.6 m 398 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 296.6 m 453 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 296.6 m 508 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 296.6 m 343 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 283.6 m 343 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 281.6 m 343 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 296.6 m 398 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 283.6 m 398 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 281.6 m 398 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 296.6 m 453 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 283.6 m 453 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 281.6 m 453 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 296.6 m 508 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 283.6 m 508 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 281.6 m 508 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 296.6 m 563 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 283.6 m 563 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 281.6 m 563 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 225.60000000000002 m 343 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 225.60000000000002 m 398 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 225.60000000000002 m 453 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 225.60000000000002 m 508 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 225.60000000000002 m 343 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 212.60000000000002 m 343 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 210.60000000000002 m 343 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 225.60000000000002 m 398 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 212.60000000000002 m 398 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 210.60000000000002 m 398 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 225.60000000000002 m 453 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 212.60000000000002 m 453 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 210.60000000000002 m 453 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 225.60000000000002 m 508 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 212.60000000000002 m 508 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 210.60000000000002 m 508 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 225.60000000000002 m 563 225.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 212.60000000000002 m 563 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 210.60000000000002 m 563 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 154.60000000000002 m 343 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 154.60000000000002 m 398 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 154.60000000000002 m 453 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 154.60000000000002 m 508 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 154.60000000000002 m 343 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 141.60000000000002 m 343 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 139.60000000000002 m 343 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 154.60000000000002 m 398 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 141.60000000000002 m 398 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 139.60000000000002 m 398 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 154.60000000000002 m 453 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 141.60000000000002 m 453 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 139.60000000000002 m 453 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 154.60000000000002 m 508 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 141.60000000000002 m 508 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 139.60000000000002 m 508 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 154.60000000000002 m 563 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 141.60000000000002 m 563 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 139.60000000000002 m 563 139.60000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 357.06 Td (Three Months Ended) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 52.50 343.05 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.55 342.85 Td (March 31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.65 342.85 Td (June 30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.85 342.85 Td (September 30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.55 342.85 Td (December 31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.30 342.85 Td (Full ) Tj ET Q q 0 0 0 rg BT 536.90 342.85 Td (Y) Tj ET Q q 0 0 0 rg BT 541.87 342.85 Td (ear) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 329.05 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 315.06 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 315.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 315.06 Td (8,206) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.50 315.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.25 315.06 Td (\(1,549) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.50 315.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 315.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 315.06 Td (8,057) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 315.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 315.06 Td (8,892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 315.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 315.06 Td (23,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 301.06 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 267.70 305.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 301.06 Td (\(91,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 301.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 301.06 Td (26,309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 301.06 Td (35,098) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 301.06 Td (\(63,508) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 301.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 301.06 Td (\(93,684) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 301.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 287.06 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 287.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 287.06 Td (\(83,377) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 287.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.50 287.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 287.06 Td (24,760) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 287.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 287.06 Td (43,155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 287.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 287.06 Td (\(54,616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 287.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 287.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 287.06 Td (\(70,078) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 287.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 258.05 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 244.06 Td (Payment on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 244.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 244.06 Td (\(33,357) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 244.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.50 244.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 244.06 Td (\(54,770) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.50 244.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 244.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.75 244.06 Td (\(61,61) Tj ET Q q 0 0 0 rg BT 445.00 244.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 244.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 244.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 244.06 Td (\(25,510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 244.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 244.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 244.06 Td (\(175,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 244.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 230.06 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 267.70 234.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 230.06 Td (\(15,468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 230.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 230.06 Td (\(41,429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.50 230.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 230.06 Td (17,034) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 230.06 Td (236,198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 230.06 Td (196,335) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 216.06 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 216.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 216.06 Td (\(48,825) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 216.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.50 216.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 216.06 Td (\(96,199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.50 216.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 216.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.75 216.06 Td (\(44,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 216.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 216.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 216.06 Td (210,688) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 216.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 216.06 Td (21,087) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 187.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 173.06 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 173.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.75 173.06 Td (\(26,940) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 173.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.50 173.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 173.06 Td (\(1) Tj ET Q q 0 0 0 rg BT 374.25 173.06 Td (1,767) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.50 173.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 173.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 173.06 Td (89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 173.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.25 173.06 Td (\(9,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 173.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 173.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 173.06 Td (\(47,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 173.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 159.06 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 267.70 163.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.75 159.06 Td (51,542) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 159.06 Td (22,140) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.75 159.06 Td (\(25,352) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 159.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 159.06 Td (\(78,1) Tj ET Q q 0 0 0 rg BT 495.50 159.06 Td (1) Tj ET Q q 0 0 0 rg BT 500.00 159.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 159.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 159.06 Td (\(29,781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 159.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 145.06 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 145.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.75 145.06 Td (24,602) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.50 145.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 145.06 Td (10,373) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 145.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.75 145.06 Td (\(25,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 145.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 145.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 145.06 Td (\(87,288) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 145.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 145.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 145.06 Td (\(77,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 145.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 117.10 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 104.68 117.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 120.75 117.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.60 117.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 167.90 117.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 200.64 117.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.84 117.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 260.58 117.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 306.65 117.10 Td (is ) Tj ET Q q 0 0 0 rg BT 315.51 117.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.14 117.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 367.32 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.52 117.10 Td (measure. ) Tj ET Q q 0 0 0 rg BT 407.52 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.72 117.10 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 426.35 117.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 469.65 117.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 500.73 117.10 Td (T) Tj ET Q q 0 0 0 rg BT 505.37 117.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.78 117.10 Td (above ) Tj ET Q q 0 0 0 rg BT 550.85 117.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.98 105.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 121.70 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.07 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.33 105.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 209.35 105.10 Td (between ) Tj ET Q q 0 0 0 rg BT 246.71 105.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 283.53 105.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.45 105.10 Td (value ) Tj ET Q q 0 0 0 rg BT 327.15 105.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 352.30 105.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 386.90 105.10 Td (on ) Tj ET Q q 0 0 0 rg BT 400.94 105.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 450.54 105.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 498.45 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.28 105.10 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.71 105.10 Td (Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 93.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 112.89 93.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.61 93.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.70 93.10 Td (� ) Tj ET Q q 0 0 0 rg BT 188.65 93.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.94 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.67 93.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 265.96 93.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 311.36 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 93.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 369.09 93.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.61 93.10 Td (See ) Tj ET Q q 0 0 0 rg BT 386.56 93.10 Td (also ) Tj ET Q q 0 0 0 rg BT 404.18 93.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 417.91 93.10 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 455.54 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.05 93.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 506.77 93.10 Td (Abbr) Tj ET Q q 0 0 0 rg BT 526.39 93.10 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 93.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 81.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 81.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 137.76 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.59 81.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 183.86 81.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.23 81.10 Td (value ) Tj ET Q q 0 0 0 rg BT 224.39 81.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 248.00 81.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 281.05 81.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.55 81.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 341.60 81.10 Td (derivatives.) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.55 713.10 Td (order ) Tj ET Q q 0 0 0 rg BT 102.38 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.88 713.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 146.15 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.32 713.10 Td (level ) Tj ET Q q 0 0 0 rg BT 175.47 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.53 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 209.24 713.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 252.50 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.01 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.17 713.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 301.78 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.84 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.89 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 342.17 713.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 390.72 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 405.11 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 426.71 713.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 458.31 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.47 713.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 497.08 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.14 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.19 713.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.98 701.10 Td (production ) Tj ET Q q 0 0 0 rg BT 107.22 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.92 701.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 138.84 701.10 Td (using ) Tj ET Q q 0 0 0 rg BT 162.42 701.10 Td (both ) Tj ET Q q 0 0 0 rg BT 182.12 701.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 220.71 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.06 701.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 256.76 701.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 302.54 701.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 328.90 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.26 701.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 387.16 701.10 Td (collars. ) Tj ET Q q 0 0 0 rg BT 418.23 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.15 701.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.51 701.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 457.86 701.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.86 701.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 472.28 701.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 520.31 701.10 Td (Derivative ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.95 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 94.19 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.71 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.68 689.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 175.19 689.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 215.15 689.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 261.78 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.18 689.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 318.91 689.10 Td (details ) Tj ET Q q 0 0 0 rg BT 347.76 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.84 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.91 689.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 424.32 689.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 472.62 689.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 515.34 689.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 554.18 689.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.67 677.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 117.58 677.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.58 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.92 677.10 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 158.19 677.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 188.90 677.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 207.96 677.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.16 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.00 677.10 Td (below ) Tj ET Q q 0 0 0 rg BT 288.27 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.77 677.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 343.59 677.10 Td (discussion. ) Tj ET Q q 0 0 0 rg BT 389.60 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.43 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 401.60 677.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 438.71 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.76 677.10 Td (following ) Tj ET Q q 0 0 0 rg BT 493.48 677.10 Td (table ) Tj ET Q q 0 0 0 rg BT 514.75 677.10 Td (summarizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 78.39 665.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 120.87 665.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 159.46 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.29 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.12 665.10 Td (February ) Tj ET Q q 0 0 0 rg BT 219.72 665.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 234.72 665.10 Td (2020:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 641.60 67.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 116.00 641.60 242.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.00 641.60 100.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 641.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 641.60 100.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 628.60 67.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 116.00 628.60 242.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.00 628.60 100.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 628.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 628.60 100.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 589.60 67.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 116.00 589.60 242.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.00 589.60 100.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 589.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 589.60 100.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 576.60 67.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 116.00 576.60 242.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.00 576.60 100.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 576.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 576.60 100.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 641.6 m 458 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 641.6 m 562 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 537.6 m 458 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 537.6 m 562 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 537.6 m 458 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 537.6 m 562 537.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 645.83 Td (1H 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.35 645.83 Td (2H 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.65 632.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 632.85 Td (V) Tj ET Q q 0 0 0 rg BT 123.76 632.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.50 632.85 Td (2,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.50 632.85 Td (2,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.85 619.85 Td (Fixed-Price Swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 619.85 Td (Swap Price) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 154.71 623.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 619.85 Td ($60.59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 619.85 Td ($60.59) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.95 606.83 Td (Argus LLS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 606.85 Td (V) Tj ET Q q 0 0 0 rg BT 123.76 606.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.50 606.85 Td (4,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.50 606.85 Td (4,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.85 593.85 Td (Fixed-Price Swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 593.85 Td (Swap Price) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 154.71 597.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 593.85 Td ($62.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 593.85 Td ($62.29) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.65 580.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 580.85 Td (V) Tj ET Q q 0 0 0 rg BT 123.76 580.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 580.85 Td (23,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 580.85 Td (21,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.85 567.85 Td (3-W) Tj ET Q q 0 0 0 rg BT 72.74 567.85 Td (ay Collars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 567.85 Td (Sold Put Price / Floor / Ceiling Price) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 236.05 571.48 Td (\(1\)\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 567.85 Td ($48.25 / $56.95 / $62.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.25 567.85 Td ($48.26 / $56.85 / $62.68) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.95 554.83 Td (Argus LLS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 554.85 Td (V) Tj ET Q q 0 0 0 rg BT 123.76 554.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 554.85 Td (10,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.50 554.85 Td (8,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.85 541.85 Td (3-W) Tj ET Q q 0 0 0 rg BT 72.74 541.85 Td (ay Collars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 541.85 Td (Sold Put Price / Floor / Ceiling Price) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 236.05 545.48 Td (\(1\)\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 541.85 Td ($52.85 / $61.52 / $68.21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.25 541.85 Td ($52.75 / $61.08 / $68.39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.50 528.85 Td (T) Tj ET Q q 0 0 0 rg BT 122.83 528.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 136.68 528.85 Td (V) Tj ET Q q 0 0 0 rg BT 141.43 528.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 528.85 Td (39,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 528.85 Td (35,500) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 501.10 Td (A) Tj ET Q q 0 0 0 rg BT 73.98 501.10 Td (verages ) Tj ET Q q 0 0 0 rg BT 107.02 501.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.72 501.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 154.22 501.10 Td (weighted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 489.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 489.10 Td (If ) Tj ET Q q 0 0 0 rg BT 76.36 489.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 89.12 489.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 115.20 489.10 Td (were ) Tj ET Q q 0 0 0 rg BT 136.83 489.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.81 489.10 Td (average ) Tj ET Q q 0 0 0 rg BT 180.09 489.10 Td (less ) Tj ET Q q 0 0 0 rg BT 197.29 489.10 Td (than ) Tj ET Q q 0 0 0 rg BT 216.71 489.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.13 489.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 250.00 489.10 Td (put ) Tj ET Q q 0 0 0 rg BT 264.98 489.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 289.67 489.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 322.96 489.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.16 489.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 378.46 489.10 Td (would ) Tj ET Q q 0 0 0 rg BT 405.66 489.10 Td (be ) Tj ET Q q 0 0 0 rg BT 417.30 489.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 447.83 489.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.81 489.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.23 489.10 Td (dif) Tj ET Q q 0 0 0 rg BT 483.16 489.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 514.77 489.10 Td (between ) Tj ET Q q 0 0 0 rg BT 550.29 489.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 477.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 89.44 477.10 Td (price ) Tj ET Q q 0 0 0 rg BT 111.92 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.86 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.58 477.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 162.75 477.10 Td (put ) Tj ET Q q 0 0 0 rg BT 178.03 477.10 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 453.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 117.08 453.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 158.85 453.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 196.73 453.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.30 453.10 Td (place ) Tj ET Q q 0 0 0 rg BT 229.19 453.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.64 453.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 264.43 453.10 Td (include ) Tj ET Q q 0 0 0 rg BT 295.66 453.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 341.31 453.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 367.55 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.78 453.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 425.55 453.10 Td (collars. ) Tj ET Q q 0 0 0 rg BT 456.49 453.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.29 453.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 484.52 453.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.31 453.10 Td (current ) Tj ET Q q 0 0 0 rg BT 526.42 453.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.89 441.10 Td (place ) Tj ET Q q 0 0 0 rg BT 83.59 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.64 441.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 139.92 441.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 153.09 441.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 183.47 441.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 209.96 441.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.90 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.84 441.10 Td (February ) Tj ET Q q 0 0 0 rg BT 270.55 441.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 285.66 441.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 310.77 441.10 Td (which ) Tj ET Q q 0 0 0 rg BT 337.82 441.10 Td (average ) Tj ET Q q 0 0 0 rg BT 371.52 441.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 431.89 441.10 Td ($52 ) Tj ET Q q 0 0 0 rg BT 449.50 441.10 Td (per ) Tj ET Q q 0 0 0 rg BT 464.88 441.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 481.94 441.10 Td (for ) Tj ET Q q 0 0 0 rg BT 496.21 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.04 441.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 554.18 441.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 75.03 429.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.72 429.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 128.84 429.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 157.97 429.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.99 429.10 Td (we ) Tj ET Q q 0 0 0 rg BT 190.68 429.10 Td (would ) Tj ET Q q 0 0 0 rg BT 218.71 429.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 250.60 429.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 271.40 429.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 312.76 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.12 429.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 384.91 429.10 Td ($80 ) Tj ET Q q 0 0 0 rg BT 402.94 429.10 Td (million ) Tj ET Q q 0 0 0 rg BT 434.86 429.10 Td (during ) Tj ET Q q 0 0 0 rg BT 463.99 429.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 487.02 429.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 510.05 429.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 554.18 429.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.78 417.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 114.10 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.04 417.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 161.77 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.83 417.10 Td (which ) Tj ET Q q 0 0 0 rg BT 199.99 417.10 Td (is ) Tj ET Q q 0 0 0 rg BT 209.39 417.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 253.21 417.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 275.94 417.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 325.88 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.39 417.10 Td (future ) Tj ET Q q 0 0 0 rg BT 362.99 417.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 402.39 417.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 415.67 417.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 442.28 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.79 417.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 486.06 417.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.56 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.51 417.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 538.11 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 417.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 71.84 405.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 118.04 405.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 144.82 405.10 Td (which ) Tj ET Q q 0 0 0 rg BT 171.60 405.10 Td (have ) Tj ET Q q 0 0 0 rg BT 192.81 405.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 231.80 405.10 Td (average ) Tj ET Q q 0 0 0 rg BT 265.23 405.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 291.44 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.11 405.10 Td ($60.59 ) Tj ET Q q 0 0 0 rg BT 331.95 405.10 Td (per ) Tj ET Q q 0 0 0 rg BT 347.05 405.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 363.84 405.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.62 405.10 Td ($62.29 ) Tj ET Q q 0 0 0 rg BT 410.45 405.10 Td (per ) Tj ET Q q 0 0 0 rg BT 425.56 405.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 442.35 405.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.34 405.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 495.35 405.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.12 405.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 532.24 405.10 Td (hedges, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 393.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.09 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.95 393.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 158.04 393.10 Td (average ) Tj ET Q q 0 0 0 rg BT 191.55 393.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 213.41 393.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 239.71 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.47 393.10 Td (our ) Tj ET Q q 0 0 0 rg BT 266.23 393.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 288.66 393.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 331.06 393.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 360.14 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.90 393.10 Td ($56.90 ) Tj ET Q q 0 0 0 rg BT 400.82 393.10 Td (per ) Tj ET Q q 0 0 0 rg BT 416.02 393.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 432.89 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.76 393.10 Td ($61.32 ) Tj ET Q q 0 0 0 rg BT 479.69 393.10 Td (per ) Tj ET Q q 0 0 0 rg BT 494.88 393.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 511.76 393.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.84 393.10 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 381.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 86.63 381.10 Td (hedges, ) Tj ET Q q 0 0 0 rg BT 119.35 381.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 167.01 381.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.97 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.24 381.10 Td (The ) Tj ET Q q 0 0 0 rg BT 192.25 381.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 212.47 381.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 237.15 381.10 Td (from ) Tj ET Q q 0 0 0 rg BT 259.04 381.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.83 381.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 317.26 381.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 346.37 381.10 Td (could ) Tj ET Q q 0 0 0 rg BT 371.04 381.10 Td (be ) Tj ET Q q 0 0 0 rg BT 382.93 381.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 413.72 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.95 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.62 381.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 465.51 381.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.96 381.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 495.97 381.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 522.30 381.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 538.08 381.10 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.06 369.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 90.28 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.95 369.10 Td (our ) Tj ET Q q 0 0 0 rg BT 116.62 369.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 135.63 369.10 Td (puts, ) Tj ET Q q 0 0 0 rg BT 157.14 369.10 Td (which ) Tj ET Q q 0 0 0 rg BT 183.92 369.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 223.46 369.10 Td (range ) Tj ET Q q 0 0 0 rg BT 248.01 369.10 Td (between ) Tj ET Q q 0 0 0 rg BT 283.67 369.10 Td ($45 ) Tj ET Q q 0 0 0 rg BT 301.01 369.10 Td (per ) Tj ET Q q 0 0 0 rg BT 316.12 369.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 332.91 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.69 369.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 367.03 369.10 Td (per ) Tj ET Q q 0 0 0 rg BT 382.14 369.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 398.93 369.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.93 369.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 451.94 369.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 482.05 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.83 369.10 Td ($51 ) Tj ET Q q 0 0 0 rg BT 516.17 369.10 Td (per ) Tj ET Q q 0 0 0 rg BT 531.28 369.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 548.07 369.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.10 Td ($55 ) Tj ET Q q 0 0 0 rg BT 66.70 357.10 Td (per ) Tj ET Q q 0 0 0 rg BT 81.66 357.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 98.31 357.10 Td (for ) Tj ET Q q 0 0 0 rg BT 112.16 357.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 132.14 357.10 Td (hedges. ) Tj ET Q q 0 0 0 rg BT 164.60 357.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.80 357.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.43 357.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 205.07 357.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.07 357.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 219.76 357.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 268.07 357.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 312.47 357.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.92 357.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.61 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.59 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.00 357.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 435.97 357.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 475.38 357.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 521.46 357.10 Td (for ) Tj ET Q q 0 0 0 rg BT 535.31 357.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 94.26 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.68 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.99 345.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 140.75 345.10 Td (puts. ) Tj ET Q q 0 0 0 rg BT 163.01 345.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.10 345.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 203.62 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.49 345.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 263.13 345.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 292.60 345.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 336.23 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.65 345.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 389.34 345.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.86 345.10 Td (new ) Tj ET Q q 0 0 0 rg BT 426.61 345.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 475.26 345.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 514.44 345.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.95 345.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 74.26 333.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 124.02 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.35 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.12 333.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 189.99 333.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 206.42 333.10 Td (value ) Tj ET Q q 0 0 0 rg BT 230.63 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.51 333.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.39 333.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 270.50 333.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 313.03 333.10 Td (contracts.��Because ) Tj ET Q q 0 0 0 rg BT 392.49 333.10 Td (we ) Tj ET Q q 0 0 0 rg BT 406.70 333.10 Td (do ) Tj ET Q q 0 0 0 rg BT 419.25 333.10 Td (not ) Tj ET Q q 0 0 0 rg BT 434.58 333.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 462.12 333.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.55 333.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 534.97 333.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.19 333.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 96.96 321.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 138.84 321.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 179.34 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.46 321.10 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 260.90 321.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 295.01 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.69 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.81 321.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 334.59 321.10 Td (value ) Tj ET Q q 0 0 0 rg BT 358.15 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.39 321.10 Td (these ) Tj ET Q q 0 0 0 rg BT 390.84 321.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 431.34 321.10 Td (as ) Tj ET Q q 0 0 0 rg BT 441.57 321.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 476.25 321.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 504.53 321.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.64 321.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 309.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.61 309.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 120.32 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.15 309.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 285.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 98.12 285.10 Td (Expenses) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 261.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 75.33 261.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 118.94 261.10 Td (Expenses) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 220.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 220.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 220.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 220.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 190.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 190.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 190.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 190.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 190.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 235.60000000000002 m 423.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 235.60000000000002 m 427.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 235.60000000000002 m 492.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 235.60000000000002 m 496.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 235.60000000000002 m 561.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 220.60000000000002 m 354.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 235.60000000000002 m 423.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 220.60000000000002 m 423.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 235.60000000000002 m 492.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 220.60000000000002 m 492.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 235.60000000000002 m 561.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 220.60000000000002 m 561.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 220.60000000000002 m 354.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 220.60000000000002 m 423.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 220.60000000000002 m 492.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 220.60000000000002 m 561.5 220.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 240.27 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 240.27 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 225.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 225.31 Td (-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 225.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 225.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 225.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 210.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 210.27 Td (otal lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 210.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 210.27 Td (477,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 210.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 210.27 Td (489,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 210.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 210.27 Td (447,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 180.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 180.27 Td (otal lease operating expenses per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 180.27 Td (22.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 180.27 Td (22.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 180.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 180.27 Td (20.35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 152.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 152.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 90.74 152.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 113.55 152.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 154.15 152.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 189.19 152.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.13 152.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.13 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.96 152.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.37 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.20 152.10 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 308.53 152.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.42 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.25 152.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.58 152.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.92 152.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 363.08 152.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.91 152.10 Td (an ) Tj ET Q q 0 0 0 rg BT 388.18 152.10 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 450.99 152.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 476.32 152.10 Td (but ) Tj ET Q q 0 0 0 rg BT 491.93 152.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 524.76 152.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td ($0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.03 140.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.36 140.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.69 140.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 96.06 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.09 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.56 140.10 Td (per) Tj ET Q q 0 0 0 rg BT 127.13 140.10 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 152.49 140.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 177.02 140.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 218.48 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.29 140.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 252.82 140.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.71 140.10 Td (The ) Tj ET Q q 0 0 0 rg BT 272.29 140.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 308.74 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.77 140.10 Td (an ) Tj ET Q q 0 0 0 rg BT 332.24 140.10 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 394.25 140.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 416.29 140.10 Td (was ) Tj ET Q q 0 0 0 rg BT 433.87 140.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 473.11 140.10 Td (due ) Tj ET Q q 0 0 0 rg BT 489.59 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.40 140.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 524.20 140.10 Td (workover ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 86.46 128.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 111.48 128.10 Td (power ) Tj ET Q q 0 0 0 rg BT 138.72 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.41 128.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 173.21 128.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 197.96 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.65 128.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 239.67 128.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 253.56 126.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.81 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.06 128.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 293.52 128.10 Td (due ) Tj ET Q q 0 0 0 rg BT 310.21 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.23 128.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 345.25 128.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.15 126.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.40 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.65 128.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 400.78 128.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 440.24 128.10 Td (during ) Tj ET Q q 0 0 0 rg BT 468.60 128.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 502.50 128.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 555.28 128.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.51 116.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 99.85 116.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 113.75 114.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.68 116.10 Td (source ) Tj ET Q q 0 0 0 rg BT 148.46 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.93 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.83 116.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 202.62 116.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 244.19 116.10 Td (region ) Tj ET Q q 0 0 0 rg BT 272.42 116.10 Td (during ) Tj ET Q q 0 0 0 rg BT 301.22 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.12 116.10 Td (third ) Tj ET Q q 0 0 0 rg BT 337.69 116.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 368.69 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.70 116.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 404.89 116.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 440.89 116.10 Td (of) Tj ET Q q 0 0 0 rg BT 449.04 116.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 466.17 116.10 Td (by ) Tj ET Q q 0 0 0 rg BT 478.85 116.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 507.08 116.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 541.97 116.10 Td (labor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 80.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 105.18 80.10 Td (, ) Tj ET Q q 0 0 0 rg BT 110.38 80.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.41 80.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.31 78.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.56 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.26 80.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 181.17 80.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 224.42 80.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 284.88 80.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 305.92 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.95 80.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.99 80.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 362.90 80.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 394.48 80.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 417.17 80.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 457.64 80.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 498.94 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.08 80.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.45 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.37 80.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 78.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.60 68.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.60 68.10 Td (already ) Tj ET Q q 0 0 0 rg BT 130.36 68.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 152.43 68.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 186.44 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.11 68.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.00 66.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.25 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.59 68.10 Td (production ) Tj ET Q q 0 0 0 rg BT 262.25 68.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 303.19 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.97 68.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.97 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.53 68.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.42 66.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.67 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.01 68.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 403.11 68.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.11 68.10 Td (do ) Tj ET Q q 0 0 0 rg BT 429.45 68.10 Td (not ) Tj ET Q q 0 0 0 rg BT 444.57 68.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 466.63 68.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 500.64 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.31 68.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.98 68.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.59 56.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 73.48 54.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.73 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.48 56.10 Td (from ) Tj ET Q q 0 0 0 rg BT 99.68 56.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 129.76 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.96 56.10 Td (working ) Tj ET Q q 0 0 0 rg BT 181.04 56.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.23 56.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 242.87 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.07 56.10 Td (industrial) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 296.84 54.67 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.98 56.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 332.23 56.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.99 56.10 Td (During ) Tj ET Q q 0 0 0 rg BT 364.07 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.05 56.10 Td (year ) Tj ET Q q 0 0 0 rg BT 397.01 56.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 56.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 480.49 56.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.49 56.10 Td (, ) Tj ET Q q 0 0 0 rg BT 504.74 56.10 Td (approximately ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (56% ) Tj ET Q q 0 0 0 rg BT 70.38 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.25 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.01 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 109.90 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.15 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.70 713.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 148.24 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.56 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.43 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 188.33 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.58 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.12 713.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 221.67 713.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 261.43 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.30 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 286.20 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.45 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.99 713.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 321.20 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.18 713.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 377.93 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.48 713.10 Td (us ) Tj ET Q q 0 0 0 rg BT 401.92 713.10 Td (\(our ) Tj ET Q q 0 0 0 rg BT 421.12 713.10 Td (net ) Tj ET Q q 0 0 0 rg BT 435.88 713.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 470.07 713.10 Td (interest\). ) Tj ET Q q 0 0 0 rg BT 507.88 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.24 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.34 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 550.87 713.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.69 701.10 Td (others ) Tj ET Q q 0 0 0 rg BT 93.88 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.28 701.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.18 699.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.43 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.17 701.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 154.80 701.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.55 701.10 Td (source ) Tj ET Q q 0 0 0 rg BT 196.40 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.58 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 223.00 701.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 262.95 701.10 Td (indexed ) Tj ET Q q 0 0 0 rg BT 297.36 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.89 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 321.19 701.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 350.32 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.87 701.10 Td (When ) Tj ET Q q 0 0 0 rg BT 379.49 701.10 Td (combining ) Tj ET Q q 0 0 0 rg BT 425.02 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.98 701.10 Td (production ) Tj ET Q q 0 0 0 rg BT 486.06 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 504.91 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.99 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.96 701.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 544.85 699.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.10 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.85 701.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (own ) Tj ET Q q 0 0 0 rg BT 69.48 689.10 Td (with ) Tj ET Q q 0 0 0 rg BT 90.03 689.10 Td (what ) Tj ET Q q 0 0 0 rg BT 112.23 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.65 689.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 143.85 689.10 Td (third ) Tj ET Q q 0 0 0 rg BT 165.50 689.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 194.92 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.34 689.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 223.23 687.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.48 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.74 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.84 689.10 Td (average ) Tj ET Q q 0 0 0 rg BT 281.68 689.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 300.56 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.65 689.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 325.54 687.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.79 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.55 689.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.42 689.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.42 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.19 689.10 Td (was ) Tj ET Q q 0 0 0 rg BT 401.50 689.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 462.02 689.10 Td ($0.29 ) Tj ET Q q 0 0 0 rg BT 487.28 689.10 Td (per ) Tj ET Q q 0 0 0 rg BT 502.82 689.10 Td (Mcf, ) Tj ET Q q 0 0 0 rg BT 524.74 689.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.22 677.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 91.61 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.79 677.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 117.68 675.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.93 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.11 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 168.61 677.10 Td (but ) Tj ET Q q 0 0 0 rg BT 183.56 677.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 225.17 677.10 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 267.06 677.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 318.65 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.26 677.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 387.98 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.48 677.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 427.31 677.10 Td (expended ) Tj ET Q q 0 0 0 rg BT 467.80 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 477.19 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.70 677.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 506.59 675.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.84 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.01 677.10 Td (source ) Tj ET Q q 0 0 0 rg BT 540.29 677.10 Td (fields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.64 665.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 107.11 665.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 142.30 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.81 665.10 Td (This ) Tj ET Q q 0 0 0 rg BT 165.29 665.10 Td (per) Tj ET Q q 0 0 0 rg BT 177.85 665.10 Td (-Mcf ) Tj ET Q q 0 0 0 rg BT 200.54 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 214.44 663.67 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.44 665.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 238.25 665.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.06 665.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.06 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.76 665.10 Td (was ) Tj ET Q q 0 0 0 rg BT 308.01 665.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 333.48 665.10 Td (than ) Tj ET Q q 0 0 0 rg BT 353.40 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.31 665.10 Td ($0.42 ) Tj ET Q q 0 0 0 rg BT 393.51 665.10 Td (per ) Tj ET Q q 0 0 0 rg BT 408.98 665.10 Td (Mcf ) Tj ET Q q 0 0 0 rg BT 428.34 665.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 477.68 665.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 513.70 665.10 Td (during ) Tj ET Q q 0 0 0 rg BT 542.51 665.10 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (due ) Tj ET Q q 0 0 0 rg BT 67.19 653.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 107.66 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.70 653.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 144.72 653.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 188.52 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.11 653.10 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 270.57 653.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 284.46 651.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.71 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 293.46 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 321.16 653.10 Td (has ) Tj ET Q q 0 0 0 rg BT 337.74 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.44 653.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 374.24 653.10 Td (average ) Tj ET Q q 0 0 0 rg BT 408.58 653.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 427.95 653.10 Td (than ) Tj ET Q q 0 0 0 rg BT 448.42 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.00 653.10 Td (naturally ) Tj ET Q q 0 0 0 rg BT 503.80 653.10 Td (occurring ) Tj ET Q q 0 0 0 rg BT 545.37 653.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.27 651.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (sources. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 617.10 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 112.02 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.52 617.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 173.67 617.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.26 593.10 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 129.03 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.48 593.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 190.04 593.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 229.15 593.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 269.37 593.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 300.16 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.50 593.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 348.40 593.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 384.73 593.10 Td (related ) Tj ET Q q 0 0 0 rg BT 414.94 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.73 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.96 593.10 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 502.01 593.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 548.07 593.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 94.37 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.80 581.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 117.45 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.99 581.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 163.86 581.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 179.29 581.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 227.21 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.16 581.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.91 581.10 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 289.78 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.32 581.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 348.96 581.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 387.16 581.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.68 581.10 Td ($41.8 ) Tj ET Q q 0 0 0 rg BT 433.28 581.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.18 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.27 581.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.81 581.10 Td ($43.9 ) Tj ET Q q 0 0 0 rg BT 505.41 581.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.40 581.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 569.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.94 569.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.60 569.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 545.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 74.41 545.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 100.24 545.10 Td (than ) Tj ET Q q 0 0 0 rg BT 120.52 545.10 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 521.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 521.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 94.04 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 117.94 521.10 Td (than ) Tj ET Q q 0 0 0 rg BT 138.52 521.10 Td (income ) Tj ET Q q 0 0 0 rg BT 171.31 521.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 207.99 521.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 257.18 521.10 Td (ad ) Tj ET Q q 0 0 0 rg BT 269.97 521.10 Td (valorem ) Tj ET Q q 0 0 0 rg BT 306.10 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.89 521.10 Td (franchise ) Tj ET Q q 0 0 0 rg BT 363.90 521.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 390.30 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.42 521.10 Td (T) Tj ET Q q 0 0 0 rg BT 398.83 521.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 419.95 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 443.86 521.10 Td (than ) Tj ET Q q 0 0 0 rg BT 464.43 521.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.23 521.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.64 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 521.10 Td ($10.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.17 509.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 509.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.83 509.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 108.95 509.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.04 509.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.04 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.83 509.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.05 509.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.05 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.33 509.10 Td (due ) Tj ET Q q 0 0 0 rg BT 227.55 509.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 267.54 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.10 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.33 509.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 322.52 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.08 509.10 Td (production ) Tj ET Q q 0 0 0 rg BT 379.19 509.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 402.52 509.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 440.30 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 462.52 509.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 488.07 509.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.41 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.63 509.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 509.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (General ) Tj ET Q q 0 0 0 rg BT 85.33 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.02 473.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 166.08 473.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 207.47 473.10 Td (\(�G&A�\)) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 432.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 432.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 432.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 432.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 402.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 402.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 402.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 402.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 372.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 372.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 372.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 372.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 342.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 342.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 342.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 342.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 312.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 312.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 312.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 312.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 282.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 282.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 282.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 282.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 252.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 252.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 252.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 252.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 252.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 252.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 252.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 447.6 m 423.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 447.6 m 427.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 447.6 m 492.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 447.6 m 496.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 447.6 m 561.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 432.6 m 354.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 447.6 m 423.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 432.6 m 423.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 447.6 m 427.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 447.6 m 492.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 432.6 m 492.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 447.6 m 496.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 447.6 m 561.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 432.6 m 561.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 357.6 m 423.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 357.6 m 492.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 357.6 m 561.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 343.6 m 423.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 341.6 m 423.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 343.6 m 492.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 341.6 m 492.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 343.6 m 561.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 341.6 m 561.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 267.6 m 423.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 267.6 m 492.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 267.6 m 561.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 267.6 m 423.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 253.60000000000002 m 423.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 251.60000000000002 m 423.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 267.6 m 492.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 253.60000000000002 m 492.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 251.60000000000002 m 492.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 267.6 m 561.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 253.60000000000002 m 561.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 251.60000000000002 m 561.5 251.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 452.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 452.27 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 452.27 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 437.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 437.31 Td (-BOE data and employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 437.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 437.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 437.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 422.27 Td (Gross cash compensation and administrative costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 422.27 Td (209,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 422.27 Td (220,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 422.27 Td (244,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 407.27 Td (Gross stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 407.27 Td (16,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 407.27 Td (15,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 407.27 Td (19,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 392.27 Td (Severance-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 392.27 Td (18,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 392.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 392.27 Td (6,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 377.27 Td (Operator labor and overhead recovery char) Tj ET Q q 0 0 0 rg BT 223.76 377.27 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 377.32 Td (\(121,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 377.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 377.32 Td (\(126,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 377.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 377.32 Td (\(127,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 377.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 362.27 Td (Capitalized exploration and development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 362.32 Td (\(39,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 362.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 362.32 Td (\(37,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 362.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 362.32 Td (\(41,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 362.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 347.27 Td (Net G&A) Tj ET Q q 0 0 0 rg BT 102.88 347.27 Td ( expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 347.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 347.27 Td (83,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 347.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 347.27 Td (71,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 347.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 347.27 Td (101,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 317.27 Td (G&A) Tj ET Q q 0 0 0 rg BT 73.95 317.27 Td ( per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 317.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 317.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 317.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 302.27 Td (Net cash administrative costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 302.27 Td (2.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 302.27 Td (2.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 302.27 Td (3.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 287.27 Td (Net stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 287.27 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 287.27 Td (0.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 287.27 Td (0.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 272.27 Td (Severance-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 272.27 Td (0.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 272.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 272.27 Td (0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 257.27 Td (Net G&A) Tj ET Q q 0 0 0 rg BT 102.61 257.27 Td ( expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 257.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 257.27 Td (3.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 257.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 257.27 Td (3.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 257.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 257.27 Td (4.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 227.27 Td (Employees as of December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 227.27 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 227.27 Td (847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 227.27 Td (879) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 199.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.48 199.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 111.02 199.10 Td (G&A) Tj ET Q q 0 0 0 rg BT 132.69 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.12 199.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 178.14 199.10 Td (which ) Tj ET Q q 0 0 0 rg BT 206.01 199.10 Td (include ) Tj ET Q q 0 0 0 rg BT 238.87 199.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.63 199.10 Td (field ) Tj ET Q q 0 0 0 rg BT 277.38 199.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 322.47 199.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 364.77 199.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 390.69 199.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.12 199.10 Td (an ) Tj ET Q q 0 0 0 rg BT 416.99 199.10 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 480.40 199.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.82 199.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.58 199.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 199.10 Td ($9.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.78 187.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.11 187.10 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.44 187.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 103.17 187.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.87 187.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.87 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.26 187.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.09 187.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.09 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.49 187.10 Td (due ) Tj ET Q q 0 0 0 rg BT 217.32 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.49 187.10 Td ($18.6 ) Tj ET Q q 0 0 0 rg BT 252.38 187.10 Td (million ) Tj ET Q q 0 0 0 rg BT 283.66 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.38 187.10 Td (severance-related ) Tj ET Q q 0 0 0 rg BT 366.72 187.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 401.32 187.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 444.80 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 464.97 187.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.70 187.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 521.41 187.10 Td (separation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 88.10 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.55 175.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 138.66 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.21 175.10 Td (which ) Tj ET Q q 0 0 0 rg BT 175.88 175.10 Td (will ) Tj ET Q q 0 0 0 rg BT 193.66 175.10 Td (be ) Tj ET Q q 0 0 0 rg BT 205.33 175.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 224.77 175.10 Td (out ) Tj ET Q q 0 0 0 rg BT 239.77 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.78 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.22 175.10 Td (first ) Tj ET Q q 0 0 0 rg BT 282.56 175.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 313.10 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.66 175.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 345.88 175.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 364.21 175.10 Td (Overview ) Tj ET Q q 0 0 0 rg BT 404.75 175.10 Td (� ) Tj ET Q q 0 0 0 rg BT 411.98 175.10 Td (December ) Tj ET Q q 0 0 0 rg BT 455.29 175.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 477.52 175.10 Td (V) Tj ET Q q 0 0 0 rg BT 482.52 175.10 Td (oluntary ) Tj ET Q q 0 0 0 rg BT 518.63 175.10 Td (Separation ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 163.10 Td (ogram) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.24 163.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 93.70 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.32 163.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 140.05 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.90 163.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 196.94 163.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 234.27 163.10 Td (net ) Tj ET Q q 0 0 0 rg BT 249.11 163.10 Td (G&A) Tj ET Q q 0 0 0 rg BT 270.78 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.41 163.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 308.24 163.10 Td (was ) Tj ET Q q 0 0 0 rg BT 326.42 163.10 Td (down ) Tj ET Q q 0 0 0 rg BT 351.27 163.10 Td ($7.1 ) Tj ET Q q 0 0 0 rg BT 371.39 163.10 Td (million ) Tj ET Q q 0 0 0 rg BT 402.91 163.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 442.75 163.10 Td (due ) Tj ET Q q 0 0 0 rg BT 459.81 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.22 163.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.17 163.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 528.23 163.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 552.52 163.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.11 151.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 108.37 151.10 Td (ef) Tj ET Q q 0 0 0 rg BT 115.96 151.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 136.79 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.73 151.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 193.99 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.27 151.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 283.39 151.10 Td (compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 127.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.34 127.10 Td (well ) Tj ET Q q 0 0 0 rg BT 104.84 127.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.89 127.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 192.71 127.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 217.21 127.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 230.89 127.10 Td (when ) Tj ET Q q 0 0 0 rg BT 254.84 127.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.79 127.10 Td (are ) Tj ET Q q 0 0 0 rg BT 283.28 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.78 127.10 Td (operator) Tj ET Q q 0 0 0 rg BT 330.70 127.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.48 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.55 127.10 Td (char) Tj ET Q q 0 0 0 rg BT 362.58 127.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 374.30 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.03 127.10 Td (well ) Tj ET Q q 0 0 0 rg BT 400.53 127.10 Td (with ) Tj ET Q q 0 0 0 rg BT 420.59 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.32 127.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 465.70 127.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 504.63 127.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 521.90 127.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 127.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.05 115.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 105.93 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.47 115.10 Td (also ) Tj ET Q q 0 0 0 rg BT 140.69 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.57 115.10 Td (char) Tj ET Q q 0 0 0 rg BT 167.60 115.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 179.14 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.69 115.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 221.13 115.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 243.78 115.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 282.54 115.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 299.63 115.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.40 115.10 Td (each ) Tj ET Q q 0 0 0 rg BT 333.82 115.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 376.47 115.10 Td (well.��In ) Tj ET Q q 0 0 0 rg BT 411.63 115.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 449.01 115.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 481.10 115.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 524.30 115.10 Td (with ) Tj ET Q q 0 0 0 rg BT 544.19 115.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 89.86 103.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.55 103.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 136.14 103.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 172.60 103.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.42 103.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 205.01 103.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 224.26 103.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 281.29 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.21 103.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 355.90 103.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 377.38 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.31 103.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 447.01 103.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 494.02 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.28 103.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 524.75 103.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.09 91.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.91 91.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 144.71 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.98 91.10 Td (field ) Tj ET Q q 0 0 0 rg BT 175.80 91.10 Td (development ) Tj ET Q q 0 0 0 rg BT 229.94 91.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 252.43 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.70 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.41 91.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 304.33 91.10 Td (those ) Tj ET Q q 0 0 0 rg BT 327.93 91.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 374.87 91.10 Td (are ) Tj ET Q q 0 0 0 rg BT 389.57 91.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 430.37 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.64 91.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 453.69 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.62 91.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 500.87 91.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 516.70 91.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.10 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 100.04 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.98 79.10 Td (development ) Tj ET Q q 0 0 0 rg BT 171.13 79.10 Td (activities.) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (52) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Interest and Financing Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.47 713.25 Td ( ) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 672.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 642.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 642.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 642.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 642.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 612.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 582.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 582.75 65.00 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687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 687.75 m 562 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 672.75 m 355 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 687.75 m 424 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 672.75 m 424 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 687.75 m 428 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 687.75 m 493 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 672.75 m 493 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 687.75 m 497 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 687.75 m 562 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 672.75 m 562 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 672.75 m 424 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 672.75 m 493 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 672.75 m 562 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 597.75 m 424 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 597.75 m 493 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 597.75 m 562 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 597.75 m 424 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 583.75 m 424 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 581.75 m 424 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 597.75 m 493 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 583.75 m 493 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 581.75 m 493 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 597.75 m 562 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 583.75 m 562 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 581.75 m 562 581.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 692.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 692.42 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 692.42 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 677.46 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 150.05 677.46 Td (-BOE data and inter) Tj ET Q q 0 0 0 rg BT 231.62 677.46 Td (est rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 677.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 677.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 677.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.42 Td (Cash interest) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.43 666.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 662.42 Td (191,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 662.42 Td (186,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 662.42 Td (176,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 647.42 Td (Less: interest not reflected as expense for financial reporting purposes) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 332.68 651.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 647.47 Td (\(85,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 647.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 647.47 Td (\(86,1) Tj ET Q q 0 0 0 rg BT 474.13 647.47 Td (1) Tj ET Q q 0 0 0 rg BT 479.13 647.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 647.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 647.47 Td (\(52,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 647.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 632.42 Td (Noncash interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 632.42 Td (4,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 632.42 Td (6,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 632.42 Td (6,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 617.42 Td (Amortization of debt discount) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 172.75 621.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 617.42 Td (7,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 617.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 617.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 602.42 Td (Less: capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 602.47 Td (\(36,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 602.47 Td (\(37,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 602.47 Td (\(30,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 587.42 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 587.42 Td (81,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 587.42 Td (69,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 587.42 Td (99,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 572.42 Td (Interest expense, net per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 572.42 Td (3.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 572.42 Td (3.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 572.42 Td (4.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 557.42 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 557.42 Td (verage debt principal outstanding) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 192.55 561.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 557.42 Td (2,433,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 557.42 Td (2,593,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 557.42 Td (2,892,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 542.42 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 542.42 Td (verage interest rate) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 135.04 546.95 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 542.42 Td (7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 542.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 542.42 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 542.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 542.42 Td (6.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 542.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 90.95 514.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.83 514.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 160.60 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.26 514.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 208.60 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.38 514.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.26 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 266.70 514.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 297.35 514.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 318.02 514.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 368.13 514.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 412.11 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 427.22 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 438.99 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 446.88 514.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 488.09 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.87 514.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 520.53 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 535.64 514.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 562.50 514.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 106.63 502.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 147.44 502.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 187.15 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.08 502.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 248.19 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 270.13 502.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 310.57 502.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 361.38 502.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 404.97 502.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 433.57 502.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 487.71 502.25 Td (\(�F) Tj ET Q q 0 0 0 rg BT 500.30 502.25 Td (ASC�\) ) Tj ET Q q 0 0 0 rg BT 531.67 502.25 Td (470-60, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 490.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.51 490.25 Td (r) Tj ET Q q 0 0 0 rg BT 76.03 490.25 Td (oubled ) Tj ET Q q 0 0 0 rg BT 106.35 490.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 128.90 490.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 187.00 490.25 Td (by ) Tj ET Q q 0 0 0 rg BT 199.54 490.25 Td (Debtors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.76 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 237.37 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.25 490.25 Td (The ) Tj ET Q q 0 0 0 rg BT 258.90 490.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 290.89 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.33 490.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 334.87 490.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 365.18 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 376.61 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.16 490.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 425.02 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.46 490.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 456.78 490.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 485.98 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.87 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 513.30 490.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.41 490.25 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 101.85 478.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 129.83 478.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 151.98 478.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 180.23 478.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 214.58 478.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 242.56 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.14 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 274.62 478.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 318.98 478.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 367.79 478.25 Td (3�% ) Tj ET Q q 0 0 0 rg BT 390.77 478.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 440.13 478.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 468.38 478.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 493.86 478.25 Td (due ) Tj ET Q q 0 0 0 rg BT 510.44 478.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 532.59 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.17 478.25 Td (5% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 466.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 117.21 466.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 145.82 466.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 171.65 466.25 Td (due ) Tj ET Q q 0 0 0 rg BT 188.59 466.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 211.09 466.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 229.14 466.25 Td (�2023 ) Tj ET Q q 0 0 0 rg BT 256.07 466.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 305.79 466.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 334.39 466.25 Td (Notes�\). ) Tj ET Q q 0 0 0 rg BT 370.49 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 372.99 466.25 Td (See ) Tj ET Q q 0 0 0 rg BT 389.93 466.25 Td (below ) Tj ET Q q 0 0 0 rg BT 416.87 466.25 Td (for ) Tj ET Q q 0 0 0 rg BT 431.03 466.25 Td (further ) Tj ET Q q 0 0 0 rg BT 460.74 466.25 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.87 454.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 166.90 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.72 454.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 197.43 454.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 237.70 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.52 454.25 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 268.51 454.25 Td (million ) Tj ET Q q 0 0 0 rg BT 299.89 454.25 Td (related ) Tj ET Q q 0 0 0 rg BT 329.59 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.86 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.57 454.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 377.89 454.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 406.49 454.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 441.19 454.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 467.01 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.94 454.25 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 503.93 454.25 Td (million ) Tj ET Q q 0 0 0 rg BT 535.31 454.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.50 442.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 115.00 442.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 164.71 442.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 193.32 442.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 219.15 442.25 Td (during ) Tj ET Q q 0 0 0 rg BT 247.75 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.47 442.25 Td (year ) Tj ET Q q 0 0 0 rg BT 282.18 442.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 308.55 442.25 Td (December ) Tj ET Q q 0 0 0 rg BT 352.14 442.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 367.14 442.25 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.25 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 106.66 430.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 126.37 430.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 166.65 430.25 Td (related ) Tj ET Q q 0 0 0 rg BT 196.35 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.63 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 222.46 430.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 245.79 430.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 274.40 430.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 309.11 430.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 334.94 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.88 430.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 374.38 430.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 424.09 430.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 452.70 430.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.88 418.25 Td (commitment ) Tj ET Q q 0 0 0 rg BT 156.92 418.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 175.52 418.25 Td (but ) Tj ET Q q 0 0 0 rg BT 190.80 418.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 228.29 418.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 248.00 418.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 270.50 418.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 293.00 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.94 418.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 362.98 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.81 418.25 Td (discount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 394.25 Td (As ) Tj ET Q q 0 0 0 rg BT 81.88 394.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 120.12 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 131.17 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.66 394.25 Td (table ) Tj ET Q q 0 0 0 rg BT 169.36 394.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 199.00 394.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 220.04 394.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 252.74 394.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 288.22 394.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.60 394.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.60 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.87 394.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 381.89 394.25 Td (when ) Tj ET Q q 0 0 0 rg BT 406.82 394.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 449.51 394.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.56 394.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.56 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 483.83 394.25 Td (due ) Tj ET Q q 0 0 0 rg BT 501.54 394.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 542.02 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 394.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.75 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.03 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 110.86 382.25 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 184.43 382.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 216.37 382.25 Td (rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 96.64 358.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.10 358.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 163.22 358.25 Td (related ) Tj ET Q q 0 0 0 rg BT 193.45 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.26 358.25 Td (our ) Tj ET Q q 0 0 0 rg BT 220.62 358.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 243.65 358.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 272.79 358.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 308.02 358.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 336.88 358.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 359.91 358.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 389.05 358.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 424.28 358.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 453.14 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.61 358.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 515.85 358.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 72.03 346.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 121.77 346.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 150.41 346.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 176.26 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.23 346.25 Td (3�% ) Tj ET Q q 0 0 0 rg BT 216.59 346.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 266.33 346.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 294.97 346.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 320.82 346.25 Td (due ) Tj ET Q q 0 0 0 rg BT 337.79 346.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 360.32 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 369.52 346.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 412.58 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 426.77 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.07 346.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 484.56 346.25 Td (with ) Tj ET Q q 0 0 0 rg BT 504.87 346.25 Td (F) Tj ET Q q 0 0 0 rg BT 509.69 346.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 531.67 346.25 Td (470-60, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 334.25 Td (r) Tj ET Q q 0 0 0 rg BT 58.03 334.25 Td (oubled ) Tj ET Q q 0 0 0 rg BT 87.17 334.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 108.54 334.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 165.46 334.25 Td (by ) Tj ET Q q 0 0 0 rg BT 176.82 334.25 Td (Debtors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.05 334.25 Td (, ) Tj ET Q q 0 0 0 rg BT 213.47 334.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 249.83 334.25 Td (most ) Tj ET Q q 0 0 0 rg BT 271.20 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.46 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.60 334.25 Td (future ) Tj ET Q q 0 0 0 rg BT 321.40 334.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 352.76 334.25 Td (was ) Tj ET Q q 0 0 0 rg BT 370.24 334.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 407.14 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 417.40 334.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 436.54 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 446.80 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.06 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.20 334.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 517.00 334.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 538.08 334.25 Td (which 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10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td ($250.2 ) Tj ET Q q 0 0 0 rg BT 78.28 310.25 Td (million ) Tj ET Q q 0 0 0 rg BT 108.46 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 118.07 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.68 310.25 Td (December ) Tj ET Q q 0 0 0 rg BT 170.04 310.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 183.83 310.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 205.11 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.83 310.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 244.61 310.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 292.27 310.25 Td (. ) Tj ET Q q 0 0 0 rg BT 296.05 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.24 310.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 340.44 310.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 371.15 310.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 404.64 310.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 440.89 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.95 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 464.57 310.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 518.62 310.25 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.75 298.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 105.55 298.25 Td (will ) Tj ET Q q 0 0 0 rg BT 123.02 298.25 Td (be ) Tj ET Q q 0 0 0 rg BT 134.38 298.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 194.06 298.25 Td ($86 ) Tj ET Q q 0 0 0 rg BT 210.98 298.25 Td (million ) Tj ET Q q 0 0 0 rg BT 241.80 298.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 266.48 298.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 302.84 298.25 Td (than ) Tj ET Q q 0 0 0 rg BT 321.98 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.11 298.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 361.91 298.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.59 298.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 412.95 298.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 453.19 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 465.11 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.36 298.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 502.29 298.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.31 298.25 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.33 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.27 286.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 114.77 286.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 143.38 286.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 178.08 286.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.25 Td (As ) Tj ET Q q 0 0 0 rg BT 81.03 262.25 Td (more ) Tj ET Q q 0 0 0 rg BT 104.00 262.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 125.30 262.25 Td (described ) Tj ET Q q 0 0 0 rg BT 166.04 262.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.23 262.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 198.09 262.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.09 262.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 208.01 262.25 Td (Long-T) Tj ET Q q 0 0 0 rg BT 236.54 262.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 254.51 262.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.95 262.25 Td (, ) Tj ET Q q 0 0 0 rg BT 278.87 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.07 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.70 262.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 358.89 262.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 398.52 262.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 447.33 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.96 262.25 Td (June ) Tj ET Q q 0 0 0 rg BT 482.71 262.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 505.13 262.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.76 262.25 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.17 250.25 Td (were ) Tj ET Q q 0 0 0 rg BT 122.51 250.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 165.94 250.25 Td (for ) Tj ET Q q 0 0 0 rg BT 180.51 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.20 250.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 239.06 250.25 Td (with ) Tj ET Q q 0 0 0 rg BT 259.75 250.25 Td (F) Tj ET Q q 0 0 0 rg BT 264.57 250.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 286.93 250.25 Td (470-50, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 320.67 250.25 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 379.12 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.03 250.25 Td (Extinguishments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.13 250.25 Td (, ) Tj ET Q q 0 0 0 rg BT 468.54 250.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 505.88 250.25 Td (our ) Tj ET Q q 0 0 0 rg BT 522.11 250.25 Td (new ) Tj ET Q q 0 0 0 rg BT 541.68 250.25 Td (7�% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.14 238.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 112.88 238.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 138.75 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.72 238.25 Td (new ) Tj ET Q q 0 0 0 rg BT 174.92 238.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 197.45 238.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 247.20 238.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 275.84 238.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 301.70 238.25 Td (were ) Tj ET Q q 0 0 0 rg BT 323.67 238.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 361.17 238.25 Td (on ) Tj ET Q q 0 0 0 rg BT 373.71 238.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.57 238.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 422.64 238.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 445.72 238.25 Td (at ) Tj ET Q q 0 0 0 rg BT 455.47 238.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 495.78 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.10 238.25 Td (their ) Tj ET Q q 0 0 0 rg BT 526.96 238.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.40 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.75 226.25 Td ($29.6 ) Tj ET Q q 0 0 0 rg BT 123.27 226.25 Td (million ) Tj ET Q q 0 0 0 rg BT 155.17 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.63 226.25 Td ($79.9 ) Tj ET Q q 0 0 0 rg BT 198.15 226.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 232.55 226.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 280.22 226.25 Td (. ) Tj ET Q q 0 0 0 rg BT 285.73 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.53 226.25 Td (These ) Tj ET Q q 0 0 0 rg BT 315.42 226.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 335.66 226.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 376.45 226.25 Td (will ) Tj ET Q q 0 0 0 rg BT 395.03 226.25 Td (be ) Tj ET Q q 0 0 0 rg BT 407.48 226.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 450.48 226.25 Td (as ) Tj ET Q q 0 0 0 rg BT 461.82 226.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.27 226.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 529.50 226.25 Td (over ) Tj ET Q q 0 0 0 rg BT 550.28 226.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.47 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.55 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.52 214.25 Td (notes; 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358.5 672.75 m 423.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 687.75 m 427.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 687.75 m 492.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 672.75 m 492.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 687.75 m 496.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 687.75 m 561.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 672.75 m 561.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 672.75 m 423.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 672.75 m 492.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 672.75 m 561.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 642.75 m 423.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 628.75 m 423.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 626.75 m 423.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 642.75 m 492.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 628.75 m 492.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 626.75 m 492.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 642.75 m 561.5 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 628.75 m 561.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 626.75 m 561.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 567.75 m 423.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 553.75 m 423.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 551.75 m 423.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 567.75 m 492.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 553.75 m 492.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 551.75 m 492.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 567.75 m 561.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 553.75 m 561.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 551.75 m 561.5 551.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 692.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 692.42 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 692.42 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 677.46 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 677.46 Td (-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 677.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 677.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 677.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 662.42 Td (Oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 662.42 Td (159,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 662.42 Td (134,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 662.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.15 662.42 Td (18,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 647.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 65.89 645.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.14 647.42 Td ( properties, pipelines, plants and other property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 647.42 Td (74,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 647.42 Td (81,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 647.42 Td (88,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 632.42 Td (T) Tj ET Q q 0 0 0 rg BT 69.76 632.42 Td (otal DD&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 632.42 Td (233,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 632.42 Td (216,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 632.42 Td (207,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 602.42 Td (DD&A) Tj ET Q q 0 0 0 rg BT 80.89 602.42 Td ( per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 602.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 602.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 602.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 587.42 Td (Oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 587.42 Td (7.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 587.42 Td (6.1) Tj ET Q q 0 0 0 rg BT 483.65 587.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 587.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 587.42 Td (5.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 572.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 77.89 570.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.14 572.42 Td ( properties, pipelines, plants and other property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 572.42 Td (3.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 572.42 Td (3.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 572.42 Td (4.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 557.42 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 557.42 Td (otal DD&A) Tj ET Q q 0 0 0 rg BT 127.80 557.42 Td ( per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 557.42 Td (1) Tj ET Q q 0 0 0 rg BT 402.15 557.42 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 557.42 Td (9.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 557.42 Td (9.44) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 529.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.94 529.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 121.59 529.25 Td (in ) Tj ET Q q 0 0 0 rg BT 132.27 529.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.49 529.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 161.94 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.28 529.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 209.94 529.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 226.16 529.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 269.04 529.25 Td (depletion ) Tj ET Q q 0 0 0 rg BT 309.15 529.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 529.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 529.25 Td (, ) Tj ET Q q 0 0 0 rg BT 363.55 529.25 Td (when ) Tj ET Q q 0 0 0 rg BT 388.11 529.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 430.42 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.10 529.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 466.49 529.25 Td (was ) Tj ET Q q 0 0 0 rg BT 484.94 529.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 525.05 529.25 Td (due ) Tj ET Q q 0 0 0 rg BT 542.38 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 529.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.41 517.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.35 517.25 Td (depletable ) Tj ET Q q 0 0 0 rg BT 140.60 517.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 163.76 517.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 201.92 517.25 Td (from ) Tj ET Q q 0 0 0 rg BT 224.52 517.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 264.32 517.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.26 517.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.75 517.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 338.22 517.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 361.38 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.98 517.25 Td (future ) Tj ET Q q 0 0 0 rg BT 406.02 517.25 Td (development ) Tj ET Q q 0 0 0 rg BT 460.83 517.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 483.99 517.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 528.24 517.25 Td (with ) Tj ET Q q 0 0 0 rg BT 549.18 517.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.44 505.25 Td (base ) Tj ET Q q 0 0 0 rg BT 104.39 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.00 505.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.62 505.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 164.21 505.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.17 505.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 204.12 505.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.86 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.47 505.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 263.42 505.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 278.93 505.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 309.97 505.25 Td (quantities. ) Tj ET Q q 0 0 0 rg BT 353.53 505.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.71 505.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 373.44 505.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 386.18 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.80 505.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 432.74 505.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 448.25 505.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 490.41 505.25 Td (depletion ) Tj ET Q q 0 0 0 rg BT 529.80 505.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 546.97 505.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.25 Td ($8.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 493.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.50 493.25 Td (per ) Tj ET Q q 0 0 0 rg BT 89.77 493.25 Td (BOE ) Tj ET Q q 0 0 0 rg BT 112.27 493.25 Td (during ) Tj ET Q q 0 0 0 rg BT 140.88 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.59 493.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 182.53 493.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 213.35 493.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.18 493.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.18 493.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 469.25 Td (Other Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 445.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 93.44 445.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 132.71 445.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.09 445.25 Td ($1) Tj ET Q q 0 0 0 rg BT 172.72 445.25 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 188.39 445.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.28 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.45 445.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.06 445.25 Td ($84.3 ) Tj ET Q q 0 0 0 rg BT 263.73 445.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.62 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 295.79 445.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.07 445.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.07 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.24 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.85 445.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 391.52 445.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 439.18 445.25 Td (. ) Tj ET Q q 0 0 0 rg BT 444.85 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 448.02 445.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 473.96 445.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 513.23 445.25 Td (during ) Tj ET Q q 0 0 0 rg BT 542.51 445.25 Td (2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 85.17 433.25 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 105.02 433.25 Td (million ) Tj ET Q q 0 0 0 rg BT 136.26 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.94 433.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 195.38 433.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 232.44 433.25 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 252.29 433.25 Td (million ) Tj ET Q q 0 0 0 rg BT 283.53 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.20 433.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 316.55 433.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 359.99 433.25 Td (with ) Tj ET Q q 0 0 0 rg BT 380.12 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.68 433.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 418.70 433.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 444.93 433.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 475.05 433.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 504.07 433.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 538.62 433.25 Td (ruling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.25 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.47 421.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 92.78 421.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.78 421.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 109.15 421.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 168.02 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.90 421.25 Td (Contingencies) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 244.11 421.25 Td ( ) Tj ET Q q 0 0 0 rg BT 247.98 421.25 Td (� ) Tj ET Q q 0 0 0 rg BT 256.85 421.25 Td (Litigation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 421.25 Td (, ) Tj ET Q q 0 0 0 rg BT 302.67 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.32 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.41 421.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 387.06 421.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 428.14 421.25 Td (Statements\), ) Tj ET Q q 0 0 0 rg BT 481.73 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.04 421.25 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 521.41 421.25 Td (million ) Tj ET Q q 0 0 0 rg BT 554.17 421.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.15 409.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.93 409.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 162.80 409.25 Td (with ) Tj ET Q q 0 0 0 rg BT 183.36 409.25 Td (our ) Tj ET Q q 0 0 0 rg BT 199.47 409.25 Td (privately ) Tj ET Q q 0 0 0 rg BT 237.79 409.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 282.21 409.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 302.21 409.25 Td (exchanges. ) Tj ET Q q 0 0 0 rg BT 349.13 409.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.71 409.25 Td (The ) Tj ET Q q 0 0 0 rg BT 370.04 409.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 392.81 409.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 429.48 409.25 Td (are ) Tj ET Q q 0 0 0 rg BT 444.47 409.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 484.46 409.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 528.89 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.00 409.25 Td ($49.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.25 Td (million ) Tj ET Q q 0 0 0 rg BT 81.49 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.93 397.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 128.24 397.25 Td (related ) Tj ET Q q 0 0 0 rg BT 158.54 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.42 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.74 397.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 209.51 397.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 236.50 397.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 267.38 397.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 297.15 397.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 332.46 397.25 Td (ruling ) Tj ET Q q 0 0 0 rg BT 359.45 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.99 397.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.53 397.25 Td ($17.8 ) Tj ET Q q 0 0 0 rg BT 410.13 397.25 Td (million ) Tj ET Q q 0 0 0 rg BT 442.13 397.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 491.33 397.25 Td (for ) Tj ET Q q 0 0 0 rg BT 506.09 397.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.63 397.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.48 385.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.92 385.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 137.58 385.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 160.58 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.36 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.57 385.25 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 207.90 385.25 Td (Coast ) Tj ET Q q 0 0 0 rg BT 233.68 385.25 Td (that ) Tj ET Q q 0 0 0 rg BT 251.68 385.25 Td (would ) Tj ET Q q 0 0 0 rg BT 279.68 385.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 325.45 385.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 355.12 385.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 369.01 383.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.26 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.26 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.04 385.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 420.38 385.25 Td (, ) Tj ET Q q 0 0 0 rg BT 425.88 385.25 Td (due ) Tj ET Q q 0 0 0 rg BT 443.32 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.10 385.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 508.19 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.52 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.73 385.25 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 90.87 373.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.35 373.25 Td (close.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.11 349.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.30 349.25 Td (axes) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 308.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 308.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 308.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 308.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 278.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 278.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 278.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 278.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 248.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 248.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 248.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 248.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 323.75 m 423.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 323.75 m 427.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 323.75 m 492.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 323.75 m 496.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 323.75 m 561.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 308.75 m 354.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 323.75 m 423.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 308.75 m 423.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 323.75 m 427.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 323.75 m 492.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 308.75 m 492.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 323.75 m 496.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 323.75 m 561.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 308.75 m 561.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 308.75 m 354.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 308.75 m 423.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 308.75 m 492.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 308.75 m 561.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 278.75 m 423.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 278.75 m 492.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 278.75 m 561.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 278.75 m 423.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 264.75 m 423.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 262.75 m 423.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 278.75 m 492.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 264.75 m 492.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 262.75 m 492.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 278.75 m 561.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 264.75 m 561.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 262.75 m 561.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 262.75 m 423.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 264.75 m 423.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 262.75 m 492.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 264.75 m 492.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 262.75 m 561.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 264.75 m 561.5 264.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.50 328.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 328.42 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 328.42 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 313.46 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 313.46 Td (-BOE amounts and tax rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 313.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 313.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 313.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 298.42 Td (Current income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 298.42 Td (3,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 298.47 Td (\(16,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 298.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.45 298.42 Td (\(20,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 298.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 283.42 Td (Deferred income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 283.42 Td (100,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 283.42 Td (103,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.45 283.42 Td (\(95,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 283.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 268.42 Td (T) Tj ET Q q 0 0 0 rg BT 69.41 268.42 Td (otal income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 268.42 Td (104,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 268.42 Td (87,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.45 268.42 Td (\(1) Tj ET Q q 0 0 0 rg BT 521.78 268.42 Td (16,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 268.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 253.42 Td (A) Tj ET Q q 0 0 0 rg BT 58.85 253.42 Td (verage income tax expense \(benefit\) per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 253.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 253.42 Td (4.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 253.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 253.42 Td (3.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 253.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.45 253.42 Td (\(5.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 253.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 238.42 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.35 238.42 Td (fective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 238.42 Td (32.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 238.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 238.42 Td (21.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 238.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.45 238.42 Td (\(250.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 238.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 223.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 223.42 Td (otal net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 223.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 223.42 Td (410,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 223.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 223.42 Td (309,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 223.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.75 223.42 Td (198,099) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 195.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.61 195.25 Td (income ) Tj ET Q q 0 0 0 rg BT 117.61 195.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.39 195.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 176.62 195.25 Td (were ) Tj ET Q q 0 0 0 rg BT 198.61 195.25 Td (based ) Tj ET Q q 0 0 0 rg BT 223.94 195.25 Td (on ) Tj ET Q q 0 0 0 rg BT 236.51 195.25 Td (an ) Tj ET Q q 0 0 0 rg BT 248.51 195.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 289.39 195.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 326.95 195.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 344.50 195.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.39 195.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 415.71 195.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 436.60 195.25 Td (for ) Tj ET Q q 0 0 0 rg BT 450.83 195.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 473.39 195.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.39 195.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 512.95 195.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.95 195.25 Td (38% ) Tj ET Q q 0 0 0 rg BT 550.84 195.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 74.18 183.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.19 183.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.76 183.25 Td (T) Tj ET Q q 0 0 0 rg BT 99.17 183.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 110.78 183.25 Td (Cut ) Tj ET Q q 0 0 0 rg BT 127.41 183.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.02 183.25 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 163.50 183.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 180.11 183.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 197.83 183.25 Td (�Act�\) ) Tj ET Q q 0 0 0 rg BT 226.65 183.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 259.36 183.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.32 183.25 Td (December ) Tj ET Q q 0 0 0 rg BT 312.58 183.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 334.75 183.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 368.58 183.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.53 183.25 Td (a ) Tj ET Q q 0 0 0 rg BT 385.15 183.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 425.09 183.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.59 183.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.98 183.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 479.91 183.25 Td (income ) Tj ET Q q 0 0 0 rg BT 511.52 183.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.92 183.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 543.08 183.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.25 Td (35% ) Tj ET Q q 0 0 0 rg BT 69.75 171.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.44 171.25 Td (21% ) Tj ET Q q 0 0 0 rg BT 99.69 171.25 Td (ef) Tj ET Q q 0 0 0 rg BT 107.28 171.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 136.40 171.25 Td (for ) Tj ET Q q 0 0 0 rg BT 149.98 171.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 185.76 171.25 Td (year ) Tj ET Q q 0 0 0 rg BT 204.88 171.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 229.30 171.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.22 171.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 248.69 171.25 Td (ef) Tj ET Q q 0 0 0 rg BT 256.28 171.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 285.40 171.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.53 171.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 316.44 171.25 Td (for ) Tj ET Q q 0 0 0 rg BT 330.01 171.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 351.93 171.25 Td (was ) Tj ET Q q 0 0 0 rg BT 369.40 171.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 396.87 171.25 Td (than ) Tj ET Q q 0 0 0 rg BT 416.00 171.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.25 171.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 471.49 171.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 508.40 171.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 525.30 171.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.25 Td (due ) Tj ET Q q 0 0 0 rg BT 66.82 159.25 Td (to ) Tj ET Q q 0 0 0 rg BT 77.49 159.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.59 159.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 150.46 159.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.68 159.25 Td (a ) Tj ET Q q 0 0 0 rg BT 169.00 159.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 209.10 159.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 252.51 159.25 Td (against ) Tj ET Q q 0 0 0 rg BT 283.72 159.25 Td (a ) Tj ET Q q 0 0 0 rg BT 291.05 159.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 322.82 159.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.03 159.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.25 159.25 Td (business ) Tj ET Q q 0 0 0 rg BT 387.03 159.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 419.34 159.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 454.44 159.25 Td (deduction ) Tj ET Q q 0 0 0 rg BT 496.75 159.25 Td (that ) Tj ET Q q 0 0 0 rg BT 514.63 159.25 Td (we ) Tj ET Q q 0 0 0 rg BT 529.18 159.25 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.25 Td (will ) Tj ET Q q 0 0 0 rg BT 66.96 147.25 Td (be ) Tj ET Q q 0 0 0 rg BT 78.31 147.25 Td (disallowed. ) Tj ET Q q 0 0 0 rg BT 126.04 147.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.95 147.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 145.41 147.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 167.32 147.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.67 147.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 205.58 147.25 Td (ef) Tj ET Q q 0 0 0 rg BT 213.16 147.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 242.27 147.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.40 147.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 277.18 147.25 Td (were ) Tj ET Q q 0 0 0 rg BT 298.52 147.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 323.20 147.25 Td (than ) Tj ET Q q 0 0 0 rg BT 342.32 147.25 Td (our ) Tj ET Q q 0 0 0 rg BT 357.56 147.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 397.79 147.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 434.69 147.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 451.59 147.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 490.71 147.25 Td (due ) Tj ET Q q 0 0 0 rg BT 507.05 147.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.74 147.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.87 147.25 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.10 135.25 Td (from ) Tj ET Q q 0 0 0 rg BT 109.13 135.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 149.49 135.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 162.64 135.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 200.22 135.25 Td (income ) Tj ET Q q 0 0 0 rg BT 232.25 135.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 247.07 135.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 276.33 135.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.36 135.25 Td (a ) Tj ET Q q 0 0 0 rg BT 300.40 135.25 Td (one-time ) Tj ET Q q 0 0 0 rg BT 338.55 135.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 374.45 135.25 Td (income ) Tj ET Q q 0 0 0 rg BT 406.48 135.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 421.30 135.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 451.67 135.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.60 135.25 Td ($132.2 ) Tj ET Q q 0 0 0 rg BT 492.70 135.25 Td (million ) Tj ET Q q 0 0 0 rg BT 524.19 135.25 Td (reflecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.25 Td (a ) Tj ET Q q 0 0 0 rg BT 55.42 123.25 Td (re-measurement ) Tj ET Q q 0 0 0 rg BT 121.31 123.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.12 123.25 Td (our ) Tj ET Q q 0 0 0 rg BT 145.93 123.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 180.72 123.25 Td (income ) Tj ET Q q 0 0 0 rg BT 211.63 123.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.33 123.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 250.14 123.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.06 123.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 304.76 123.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 347.33 123.25 Td (with ) Tj ET Q q 0 0 0 rg BT 366.59 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.29 123.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 409.53 123.25 Td (income ) Tj ET Q q 0 0 0 rg BT 440.44 123.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 454.14 123.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 470.60 123.25 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 512.35 123.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.01 123.25 Td (. ) Tj ET Q q 0 0 0 rg BT 565.01 123.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.45 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 74.62 111.25 Td (December ) Tj ET Q q 0 0 0 rg BT 118.54 111.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 133.88 111.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 159.21 111.25 Td (we ) Tj ET Q q 0 0 0 rg BT 173.71 111.25 Td (had ) Tj ET Q q 0 0 0 rg BT 190.98 111.25 Td (a ) Tj ET Q q 0 0 0 rg BT 198.26 111.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 213.31 111.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 253.36 111.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 296.73 111.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 330.12 111.25 Td ($77.2 ) Tj ET Q q 0 0 0 rg BT 355.46 111.25 Td (million ) Tj ET Q q 0 0 0 rg BT 387.19 111.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.80 111.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 427.28 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.34 111.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 478.49 111.25 Td (value ) Tj ET Q q 0 0 0 rg BT 502.98 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.15 111.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 550.29 111.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 74.92 99.25 Td (related ) Tj ET Q q 0 0 0 rg BT 104.21 99.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.08 99.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.50 99.25 Td (disallowed ) Tj ET Q q 0 0 0 rg BT 174.92 99.25 Td (business ) Tj ET Q q 0 0 0 rg BT 210.90 99.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 242.42 99.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 276.72 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.25 99.25 Td (state ) Tj ET Q q 0 0 0 rg BT 313.66 99.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 349.06 99.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 363.36 99.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 391.28 99.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.22 99.25 Td (The ) Tj ET Q q 0 0 0 rg BT 410.86 99.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 450.16 99.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 496.67 99.25 Td (will ) Tj ET Q q 0 0 0 rg BT 514.32 99.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 544.17 99.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 87.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 108.91 87.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.74 87.25 Td (future ) Tj ET Q q 0 0 0 rg BT 146.12 87.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 181.93 87.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 196.64 87.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 230.80 87.25 Td (are ) Tj ET Q q 0 0 0 rg BT 245.51 87.25 Td (more ) Tj ET Q q 0 0 0 rg BT 268.55 87.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 293.83 87.25 Td (than ) Tj ET Q q 0 0 0 rg BT 313.54 87.25 Td (not ) Tj ET Q q 0 0 0 rg BT 328.82 87.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.10 87.25 Td (become ) Tj ET Q q 0 0 0 rg BT 372.69 87.25 Td (utilized.) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.21 713.10 Td (current ) Tj ET Q q 0 0 0 rg BT 115.69 713.10 Td (income ) Tj ET Q q 0 0 0 rg BT 147.29 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.67 713.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 191.60 713.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 228.75 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.69 713.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 260.85 713.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 300.23 713.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 342.93 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.32 713.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 397.80 713.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 441.05 713.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 484.31 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.25 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 519.75 713.10 Td (refundable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 94.20 701.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 135.59 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.31 701.10 Td (credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 677.10 Td (As ) Tj ET Q q 0 0 0 rg BT 83.16 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.03 677.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 150.66 677.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 174.71 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 187.91 677.10 Td (had ) Tj ET Q q 0 0 0 rg BT 203.90 677.10 Td (no ) Tj ET Q q 0 0 0 rg BT 215.44 677.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 244.74 677.10 Td (net ) Tj ET Q q 0 0 0 rg BT 258.51 677.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 297.81 677.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 314.92 677.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 372.55 677.10 Td (\(�NOLs�\), ) Tj ET Q q 0 0 0 rg BT 416.57 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 430.33 677.10 Td (ef) Tj ET Q q 0 0 0 rg BT 437.92 677.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 463.89 677.10 Td (business ) Tj ET Q q 0 0 0 rg BT 499.33 677.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 530.31 677.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 104.12 665.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 137.11 665.10 Td ($24.5 ) Tj ET Q q 0 0 0 rg BT 162.05 665.10 Td (million ) Tj ET Q q 0 0 0 rg BT 193.37 665.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 224.68 665.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 264.89 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 278.99 665.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 318.63 665.10 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 367.43 665.10 Td (state ) Tj ET Q q 0 0 0 rg BT 388.19 665.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 415.07 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.94 665.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 446.60 665.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 475.69 665.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 508.67 665.10 Td ($52.9 ) Tj ET Q q 0 0 0 rg BT 533.61 665.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 81.10 653.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 121.62 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.02 653.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 175.96 653.10 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 225.06 653.10 Td (an ) Tj ET Q q 0 0 0 rg BT 237.24 653.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 278.30 653.10 Td ($49.9 ) Tj ET Q q 0 0 0 rg BT 303.53 653.10 Td (million ) Tj ET Q q 0 0 0 rg BT 335.16 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.23 653.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 386.72 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 400.01 653.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 437.73 653.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 467.12 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.63 653.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 500.91 653.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 535.29 653.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.65 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.34 641.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 106.58 641.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 150.61 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.42 641.10 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 192.28 641.10 Td (million ) Tj ET Q q 0 0 0 rg BT 223.54 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.24 641.10 Td (research ) Tj ET Q q 0 0 0 rg BT 269.92 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.72 641.10 Td (development ) Tj ET Q q 0 0 0 rg BT 340.74 641.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 369.76 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 387.13 641.10 Td (can ) Tj ET Q q 0 0 0 rg BT 403.37 641.10 Td (be ) Tj ET Q q 0 0 0 rg BT 415.18 641.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 447.54 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.68 641.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 486.70 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 502.40 641.10 Td (current ) Tj ET Q q 0 0 0 rg BT 533.08 641.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.10 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 100.27 629.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 122.33 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.71 629.10 Td (future ) Tj ET Q q 0 0 0 rg BT 158.65 629.10 Td (years.��) Tj ET Q q 0 0 0 rg BT 187.07 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 195.70 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 202.20 629.10 Td (also ) Tj ET Q q 0 0 0 rg BT 220.36 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 241.30 629.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 260.86 629.10 Td (million ) Tj ET Q q 0 0 0 rg BT 291.80 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.19 629.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 346.45 629.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 387.40 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.67 629.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 432.88 629.10 Td (which ) Tj ET Q q 0 0 0 rg BT 459.38 629.10 Td (under ) Tj ET Q q 0 0 0 rg BT 484.20 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.02 629.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 514.52 629.10 Td (will ) Tj ET Q q 0 0 0 rg BT 532.13 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 543.63 629.10 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (refundable ) Tj ET Q q 0 0 0 rg BT 94.98 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 107.72 617.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 130.45 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.62 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.55 617.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 200.26 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.32 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.49 617.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 262.30 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 275.03 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.98 617.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 323.24 617.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 349.02 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.75 617.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 370.03 617.10 Td (business ) Tj ET Q q 0 0 0 rg BT 406.66 617.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 438.82 617.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.76 617.10 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 528.68 617.10 Td (does ) Tj ET Q q 0 0 0 rg BT 549.74 617.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (expire. ) Tj ET Q q 0 0 0 rg BT 79.37 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.75 605.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.68 605.10 Td (state ) Tj ET Q q 0 0 0 rg BT 120.39 605.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 147.21 605.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 174.58 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.74 605.10 Td (various ) Tj ET Q q 0 0 0 rg BT 216.56 605.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 242.54 605.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 274.92 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.08 605.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 309.96 605.10 Td (although ) Tj ET Q q 0 0 0 rg BT 347.34 605.10 Td (most ) Tj ET Q q 0 0 0 rg BT 369.17 605.10 Td (do ) Tj ET Q q 0 0 0 rg BT 381.55 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 396.71 605.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 421.31 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.47 605.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 458.84 605.10 Td (until ) Tj ET Q q 0 0 0 rg BT 479.55 605.10 Td (2025. ) Tj ET Q q 0 0 0 rg BT 504.44 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.82 605.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 524.75 605.10 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.65 593.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 100.21 593.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 129.46 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.48 593.10 Td (research ) Tj ET Q q 0 0 0 rg BT 182.38 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.41 593.10 Td (development ) Tj ET Q q 0 0 0 rg BT 253.65 593.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 282.89 593.10 Td (do ) Tj ET Q q 0 0 0 rg BT 295.48 593.10 Td (not ) Tj ET Q q 0 0 0 rg BT 310.85 593.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 335.65 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.02 593.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 373.60 593.10 Td (until ) Tj ET Q q 0 0 0 rg BT 394.52 593.10 Td (2025 ) Tj ET Q q 0 0 0 rg BT 417.11 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.14 593.10 Td (2031, ) Tj ET Q q 0 0 0 rg BT 459.23 593.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 506.89 593.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.98 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.38 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 532.52 593.10 Td (statutes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.94 581.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 100.95 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.72 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.16 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 161.71 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 176.04 581.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 205.93 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.70 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.03 581.10 Td (years ) Tj ET Q q 0 0 0 rg BT 257.24 581.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 286.58 581.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 308.13 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.02 581.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 340.13 581.10 Td (have ) Tj ET Q q 0 0 0 rg BT 361.13 581.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 388.79 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.34 581.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 443.54 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.86 581.10 Td (not ) Tj ET Q q 0 0 0 rg BT 472.75 581.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 503.19 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.08 581.10 Td (examination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.00 569.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 105.03 569.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 132.53 569.10 Td (authorities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Per-BOE ) Tj ET Q q 0 0 0 rg BT 90.33 545.10 Td (Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.87 521.10 Td (following ) Tj ET Q q 0 0 0 rg BT 125.58 521.10 Td (table ) Tj ET Q q 0 0 0 rg BT 146.84 521.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 196.43 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.59 521.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.18 521.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 251.34 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.60 521.10 Td (results ) Tj ET Q q 0 0 0 rg BT 295.53 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.69 521.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 349.17 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 360.99 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.26 521.10 Td (per) Tj ET Q q 0 0 0 rg BT 379.83 521.10 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 404.98 521.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 426.81 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.29 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.33 521.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 505.58 521.10 Td (periods.��Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 509.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 118.10 509.10 Td (components ) Tj ET Q q 0 0 0 rg BT 168.92 509.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.09 509.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 218.92 509.10 Td (above.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 472.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 442.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 412.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 382.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 352.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 322.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 322.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 322.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 322.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 292.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 292.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 292.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 292.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 292.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 292.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 292.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 262.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 262.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 262.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 262.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 232.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 232.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 232.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 232.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 485.6 m 423.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 485.6 m 427.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 485.6 m 492.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 485.6 m 496.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 485.6 m 561.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 472.6 m 354.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 485.6 m 423.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 472.6 m 423.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 485.6 m 492.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 472.6 m 492.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 485.6 m 561.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 472.6 m 561.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 472.6 m 423.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 472.6 m 492.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 472.6 m 561.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 397.6 m 423.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 397.6 m 492.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 397.6 m 561.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 307.6 m 423.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 307.6 m 492.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 307.6 m 561.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 217.60000000000002 m 423.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 217.60000000000002 m 492.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 217.60000000000002 m 561.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 217.60000000000002 m 423.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 203.60000000000002 m 423.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 201.60000000000002 m 423.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 217.60000000000002 m 492.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 203.60000000000002 m 492.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 201.60000000000002 m 492.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 217.60000000000002 m 561.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 203.60000000000002 m 561.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 201.60000000000002 m 561.5 201.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 489.17 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 489.17 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 489.17 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 476.16 Td (Per) Tj ET Q q 0 0 0 rg BT 66.24 476.16 Td (-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 476.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 476.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 476.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 462.27 Td (Oil and natural gas revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 462.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 462.27 Td (57.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 462.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 462.27 Td (64.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 462.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 462.27 Td (49.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 447.27 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 447.27 Td (1.1) Tj ET Q q 0 0 0 rg BT 414.65 447.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 447.32 Td (\(7.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 447.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 447.32 Td (\(2.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 447.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 432.27 Td (Lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 432.32 Td (\(22.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 432.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 432.32 Td (\(22.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 432.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 432.32 Td (\(20.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 432.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 417.27 Td (Production and ad valorem taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 417.32 Td (\(4.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 417.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 417.32 Td (\(4.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 417.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 417.32 Td (\(3.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 417.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 402.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.93 402.27 Td (ransportation and marketing expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 402.32 Td (\(1.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 402.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 402.32 Td (\(2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 402.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 402.32 Td (\(2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 402.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 387.27 Td (Production netback) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 387.27 Td (29.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 387.27 Td (28.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 387.27 Td (21.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 372.27 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 65.89 370.84 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.14 372.27 Td ( sales, net of operating and exploration expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 372.27 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 372.27 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 372.27 Td (1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 357.27 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 198.89 361.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 357.32 Td (\(3.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 357.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 357.32 Td (\(3.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 357.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 357.32 Td (\(4.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 357.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 342.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 342.32 Td (\(3.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 342.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 342.32 Td (\(3.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 342.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 342.32 Td (\(4.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 342.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 327.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 327.27 Td (0.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 327.32 Td (\(2.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 327.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 327.27 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 312.27 Td (Changes in assets and liabilities relating to operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 312.32 Td (\(0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 312.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 312.27 Td (3.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 312.32 Td (\(2.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 312.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 297.27 Td (Cash flows from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 297.27 Td (23.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 297.27 Td (24.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 297.27 Td (12.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 282.27 Td (DD&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 282.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 402.13 282.32 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 282.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 282.32 Td (\(9.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 282.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 282.32 Td (\(9.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 282.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 267.27 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 267.32 Td (\(4.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 267.32 Td (\(4.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 267.27 Td (4.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 252.27 Td (Gain on early extinguishment of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 252.27 Td (7.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 252.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 252.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 237.27 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 291.11 241.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 237.32 Td (\(4.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 237.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 237.27 Td (8.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 237.32 Td (\(1.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 237.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 222.27 Td (Other noncash items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 222.32 Td (\(0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 222.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 222.32 Td (\(3.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 222.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 222.27 Td (1.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 207.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 207.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 207.27 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 207.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 207.27 Td (14.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 207.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 207.27 Td (7.41) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 179.10 Td (General ) Tj ET Q q 0 0 0 rg BT 102.51 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.31 179.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 180.88 179.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 220.35 179.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 257.04 179.10 Td (an ) Tj ET Q q 0 0 0 rg BT 269.84 179.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 302.07 179.10 Td (for ) Tj ET Q q 0 0 0 rg BT 317.09 179.10 Td (severance-related ) Tj ET Q q 0 0 0 rg BT 390.40 179.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 413.76 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.46 179.10 Td ($18.6 ) Tj ET Q q 0 0 0 rg BT 451.32 179.10 Td (million ) Tj ET Q q 0 0 0 rg BT 483.58 179.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 528.04 179.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.18 179.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 167.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 108.33 167.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 151.94 167.10 Td (program ) Tj ET Q q 0 0 0 rg BT 188.32 167.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.49 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.22 167.10 Td (year ) Tj ET Q q 0 0 0 rg BT 236.93 167.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 263.32 167.10 Td (December ) Tj ET Q q 0 0 0 rg BT 306.91 167.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 321.92 167.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 344.43 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.38 167.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 402.21 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.05 167.10 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 433.06 167.10 Td (million ) Tj ET Q q 0 0 0 rg BT 464.46 167.10 Td (related ) Tj ET Q q 0 0 0 rg BT 494.17 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.46 167.10 Td (an ) Tj ET Q q 0 0 0 rg BT 516.40 167.10 Td (involuntary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 155.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 111.72 155.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 152.61 155.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.40 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.74 155.10 Td (year ) Tj ET Q q 0 0 0 rg BT 203.07 155.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 230.08 155.10 Td (December ) Tj ET Q q 0 0 0 rg BT 274.29 155.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 289.92 155.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 315.54 155.10 Td (which ) Tj ET Q q 0 0 0 rg BT 343.11 155.10 Td (if ) Tj ET Q q 0 0 0 rg BT 352.35 155.10 Td (excluded, ) Tj ET Q q 0 0 0 rg BT 394.07 155.10 Td (would ) Tj ET Q q 0 0 0 rg BT 422.19 155.10 Td (have ) Tj ET Q q 0 0 0 rg BT 444.20 155.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 483.41 155.10 Td ($3.03 ) Tj ET Q q 0 0 0 rg BT 509.04 155.10 Td (per ) Tj ET Q q 0 0 0 rg BT 524.93 155.10 Td (BOE ) Tj ET Q q 0 0 0 rg BT 548.06 155.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 143.10 Td ($4.35 ) Tj ET Q q 0 0 0 rg BT 92.50 143.10 Td (per ) Tj ET Q q 0 0 0 rg BT 107.77 143.10 Td (BOE ) Tj ET Q q 0 0 0 rg BT 130.27 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.43 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.15 143.10 Td (years ) Tj ET Q q 0 0 0 rg BT 182.74 143.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.12 143.10 Td (December ) Tj ET Q q 0 0 0 rg BT 252.71 143.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 267.71 143.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 290.21 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.14 143.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 332.14 143.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 379.80 143.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 131.10 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 104.68 131.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 120.75 131.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.60 131.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 167.90 131.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 200.64 131.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.84 131.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 260.58 131.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 306.65 131.10 Td (is ) Tj ET Q q 0 0 0 rg BT 315.51 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.14 131.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 367.32 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.52 131.10 Td (measure. ) Tj ET Q q 0 0 0 rg BT 407.52 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.72 131.10 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 426.35 131.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 469.65 131.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 500.73 131.10 Td (T) Tj ET Q q 0 0 0 rg BT 505.37 131.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.78 131.10 Td (above ) Tj ET Q q 0 0 0 rg BT 550.85 131.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.98 119.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 121.70 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.07 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.33 119.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 209.35 119.10 Td (between ) Tj ET Q q 0 0 0 rg BT 246.71 119.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 283.53 119.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.45 119.10 Td (value ) Tj ET Q q 0 0 0 rg BT 327.15 119.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 352.30 119.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 386.90 119.10 Td (on ) Tj ET Q q 0 0 0 rg BT 400.94 119.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 450.54 119.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 498.45 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.28 119.10 Td (�Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 107.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 112.89 107.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.61 107.10 Td (\(income\)� ) Tj ET Q q 0 0 0 rg BT 188.65 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.94 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.67 107.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 265.96 107.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 311.36 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 107.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 369.09 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.61 107.10 Td (See ) Tj ET Q q 0 0 0 rg BT 386.56 107.10 Td (also ) Tj ET Q q 0 0 0 rg BT 404.18 107.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 417.91 107.10 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 455.54 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.05 107.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 506.77 107.10 Td (Abbr) Tj ET Q q 0 0 0 rg BT 526.39 107.10 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 107.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 95.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 95.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 137.76 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.59 95.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 183.86 95.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.23 95.10 Td (value ) Tj ET Q q 0 0 0 rg BT 224.39 95.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 248.00 95.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 281.05 95.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.55 95.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 341.60 95.10 Td (derivatives.) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (MARKET) Tj ET Q q 0 0 0 rg BT 94.32 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.82 713.25 Td (RISK ) Tj ET Q q 0 0 0 rg BT 123.77 713.25 Td (MANAGEMENT) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 71.44 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.94 689.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 108.01 689.25 Td (est ) Tj ET Q q 0 0 0 rg BT 121.61 689.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 142.44 689.25 Td (Sensitivity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.99 665.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 138.57 665.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.57 665.25 Td (, ) Tj ET Q q 0 0 0 rg BT 163.56 665.25 Td (we ) Tj ET Q q 0 0 0 rg BT 177.71 665.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.64 665.25 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 214.63 665.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.75 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.24 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.06 665.25 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 295.41 665.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 337.34 665.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 357.05 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.98 665.25 Td (no ) Tj ET Q q 0 0 0 rg BT 386.47 665.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 435.63 665.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 483.67 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 496.16 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.98 665.25 Td (variable-rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 76.30 653.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 109.21 653.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 131.01 653.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 156.14 653.25 Td (facility) Tj ET Q q 0 0 0 rg BT 183.81 653.25 Td (. ) Tj ET Q q 0 0 0 rg BT 188.67 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 191.04 653.25 Td (None ) Tj ET Q q 0 0 0 rg BT 215.06 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.76 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 241.45 653.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 275.48 653.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 295.06 653.25 Td (has ) Tj ET Q q 0 0 0 rg BT 310.76 653.25 Td (any ) Tj ET Q q 0 0 0 rg BT 327.56 653.25 Td (triggers ) Tj ET Q q 0 0 0 rg BT 360.47 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 371.17 653.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 413.52 653.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 454.20 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 469.89 653.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 489.47 653.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 519.06 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 539.20 653.25 Td (rating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 88.89 641.25 Td (although ) Tj ET Q q 0 0 0 rg BT 126.34 641.25 Td (under ) Tj ET Q q 0 0 0 rg BT 151.57 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.25 641.25 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 193.16 641.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 233.39 641.25 Td (lease, ) Tj ET Q q 0 0 0 rg BT 258.33 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.57 641.25 Td (light ) Tj ET Q q 0 0 0 rg BT 289.37 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.16 641.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 325.39 641.25 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 376.17 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.41 641.25 Td (February ) Tj ET Q q 0 0 0 rg BT 424.97 641.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 449.94 641.25 Td (we ) Tj ET Q q 0 0 0 rg BT 464.06 641.25 Td (were ) Tj ET Q q 0 0 0 rg BT 485.95 641.25 Td (required ) Tj ET Q q 0 0 0 rg BT 521.73 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.97 641.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.39 629.25 Td ($41.3 ) Tj ET Q q 0 0 0 rg BT 81.34 629.25 Td (million ) Tj ET Q q 0 0 0 rg BT 112.68 629.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 135.68 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.46 629.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 171.67 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.90 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.57 629.25 Td (lessor) Tj ET Q q 0 0 0 rg BT 219.50 629.25 Td (, ) Tj ET Q q 0 0 0 rg BT 224.45 629.25 Td (which ) Tj ET Q q 0 0 0 rg BT 251.34 629.25 Td (we ) Tj ET Q q 0 0 0 rg BT 265.45 629.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 303.45 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 315.90 629.25 Td (March ) Tj ET Q q 0 0 0 rg BT 344.45 629.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 354.40 629.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 379.35 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.63 629.25 Td (The ) Tj ET Q q 0 0 0 rg BT 399.63 629.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 422.62 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.40 629.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 458.61 629.25 Td (may ) Tj ET Q q 0 0 0 rg BT 478.28 629.25 Td (be ) Tj ET Q q 0 0 0 rg BT 490.17 629.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 517.61 629.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 540.06 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 629.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (event ) Tj ET Q q 0 0 0 rg BT 73.73 617.25 Td (we ) Tj ET Q q 0 0 0 rg BT 87.96 617.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 103.85 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.20 617.25 Td (make ) Tj ET Q q 0 0 0 rg BT 138.42 617.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.43 617.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 182.44 617.25 Td (due ) Tj ET Q q 0 0 0 rg BT 199.44 617.25 Td (under ) Tj ET Q q 0 0 0 rg BT 224.78 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.57 617.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 274.35 617.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 314.68 617.25 Td (lease ) Tj ET Q q 0 0 0 rg 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(fair ) Tj ET Q q 0 0 0 rg BT 234.16 581.25 Td (values ) Tj ET Q q 0 0 0 rg BT 262.21 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.04 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.87 581.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 338.04 581.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 357.75 581.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.47 581.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 426.05 581.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.05 581.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 549.75 219.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 269.00 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 273.00 549.75 45.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.00 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 549.75 45.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 367.00 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 371.00 549.75 45.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 416.00 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg 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/GS0 gs 322.00 445.75 45.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 367.00 445.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 371.00 445.75 45.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 416.00 445.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 420.00 445.75 45.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 465.00 445.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 469.00 445.75 45.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 445.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 518.00 445.75 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 549.75 m 269 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 549.75 m 318 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 549.75 m 367 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 549.75 m 416 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 549.75 m 465 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 549.75 m 514 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518 549.75 m 563 549.75 l s BT /F5 8.00 Tf ET q 0 0 0 rg BT 58.50 554.00 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.00 554.00 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.00 554.00 Td (2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.00 554.00 Td (2023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.00 554.00 Td (2024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 554.00 Td (T) Tj ET Q q 0 0 0 rg BT 487.13 554.00 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.55 562.00 Td (Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.85 554.00 Td (V) Tj ET Q q 0 0 0 rg BT 535.74 554.00 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 540.98 Td (Fixed rate debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 541.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.50 541.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.50 541.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 528.00 Td (9% Senior Secured 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(455,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 515.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 515.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.75 515.00 Td (455,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 515.00 Td (428,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 502.00 Td (7�% Senior Secured Second Lien Notes due 2024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 502.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 502.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 502.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.75 502.00 Td (531,821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.75 502.00 Td (531,821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 502.00 Td (468,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 489.00 Td (7�% Senior Secured Second Lien Notes due 2024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 489.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 489.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 489.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.75 489.00 Td (20,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.75 489.00 Td (20,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 489.00 Td (17,132) Tj ET Q /GS0 gs q 131.54 0 0 7.27 58.50 474.28 cm /I29 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 476.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 476.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 476.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.75 476.00 Td (245,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.75 476.00 Td (245,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 476.00 Td (158,450) Tj ET Q /GS0 gs q 136.43 0 0 7.27 58.50 461.28 cm /I30 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.75 463.00 Td (51,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 463.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 463.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 463.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.75 463.00 Td (51,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 463.00 Td (41,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 450.00 Td (5�% Senior Subordinated Notes due 2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 450.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.75 450.00 Td (58,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 450.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 450.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.75 450.00 Td (58,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 450.00 Td (36,224) Tj ET Q /GS0 gs q 136.43 0 0 7.27 58.50 435.28 cm /I31 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 437.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 437.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.75 437.00 Td (135,960) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 437.00 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.75 437.00 Td (135,960) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 437.00 Td (84,295) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 409.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.11 409.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 142.81 409.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 385.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 385.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.91 385.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 105.22 385.25 Td (into ) Tj ET Q q 0 0 0 rg BT 123.11 385.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 136.00 385.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 178.31 385.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 216.74 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.85 385.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 259.73 385.25 Td (an ) Tj ET Q q 0 0 0 rg BT 271.50 385.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 312.70 385.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 338.91 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.57 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 365.23 385.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 403.66 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.77 385.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 461.66 385.25 Td (price ) Tj ET Q q 0 0 0 rg BT 483.97 385.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 501.30 385.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.73 385.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.06 373.25 Td (future ) Tj ET Q q 0 0 0 rg BT 120.63 373.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 132.88 373.25 Td (production ) Tj ET Q q 0 0 0 rg BT 177.90 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.03 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.50 373.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 235.74 373.25 Td (more ) Tj ET Q q 0 0 0 rg BT 257.98 373.25 Td (certainty ) Tj ET Q q 0 0 0 rg BT 294.66 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 304.13 373.25 Td (our ) Tj ET Q q 0 0 0 rg BT 319.15 373.25 Td (future ) Tj ET Q q 0 0 0 rg BT 344.72 373.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.18 373.25 Td (flows.��) Tj ET Q q 0 0 0 rg BT 393.73 373.25 Td (W) Tj ET Q q 0 0 0 rg BT 402.36 373.25 Td (e ) Tj ET Q q 0 0 0 rg BT 408.50 373.25 Td (do ) Tj ET Q q 0 0 0 rg BT 420.19 373.25 Td (not ) Tj ET Q q 0 0 0 rg BT 434.66 373.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 454.13 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.16 373.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 485.85 373.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 527.52 373.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 98.26 361.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.02 361.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 142.44 361.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 182.59 361.25 Td (�Generally) Tj ET Q q 0 0 0 rg BT 223.86 361.25 Td (, ) Tj ET Q q 0 0 0 rg BT 228.46 361.25 Td (these ) Tj ET Q q 0 0 0 rg BT 251.10 361.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 289.29 361.25 Td (have ) Tj ET Q q 0 0 0 rg BT 310.26 361.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 349.58 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.00 361.25 Td (various ) Tj ET Q q 0 0 0 rg BT 391.54 361.25 Td (combinations ) Tj ET Q q 0 0 0 rg BT 447.52 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.94 361.25 Td (price ) Tj ET Q q 0 0 0 rg BT 480.02 361.25 Td (floors, ) Tj ET Q q 0 0 0 rg BT 507.95 361.25 Td (collars, ) Tj ET Q q 0 0 0 rg BT 539.20 361.25 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (way ) Tj ET Q q 0 0 0 rg BT 68.78 349.25 Td (collars, ) Tj ET Q q 0 0 0 rg BT 100.56 349.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 147.05 349.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 176.62 349.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 223.10 349.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 250.17 349.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 290.55 349.25 Td (with ) Tj ET Q q 0 0 0 rg BT 310.95 349.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.01 349.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 337.30 349.25 Td (put, ) Tj ET Q q 0 0 0 rg BT 355.20 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.27 349.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 394.89 349.25 Td (swaps.��) Tj ET Q q 0 0 0 rg BT 426.65 349.25 Td (The ) Tj ET Q q 0 0 0 rg BT 444.82 349.25 Td (production ) Tj ET Q q 0 0 0 rg BT 490.77 349.25 Td (that ) Tj ET Q q 0 0 0 rg BT 508.39 349.25 Td (we ) Tj ET Q q 0 0 0 rg BT 522.67 349.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 549.17 349.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (varied ) Tj ET Q q 0 0 0 rg BT 76.66 337.25 Td (from ) Tj ET Q q 0 0 0 rg BT 98.26 337.25 Td (year ) Tj ET Q q 0 0 0 rg BT 117.64 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.59 337.25 Td (year ) Tj ET Q q 0 0 0 rg BT 146.97 337.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 190.79 337.25 Td (on ) Tj ET Q q 0 0 0 rg BT 202.96 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.46 337.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 243.96 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.46 337.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 276.35 337.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.50 337.25 Td (strength, ) Tj ET Q q 0 0 0 rg BT 350.39 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.00 337.25 Td (expectation ) Tj ET Q q 0 0 0 rg BT 415.25 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.75 337.25 Td (future ) Tj ET Q q 0 0 0 rg BT 451.80 337.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 499.52 337.25 Td (prices.��In ) Tj ET Q q 0 0 0 rg BT 541.40 337.25 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.72 325.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 92.71 325.25 Td (a ) Tj ET Q q 0 0 0 rg BT 99.60 325.25 Td (level ) Tj ET Q q 0 0 0 rg BT 121.47 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.25 325.25 Td (price ) Tj ET Q q 0 0 0 rg BT 154.68 325.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 197.66 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.88 325.25 Td (a ) Tj ET Q q 0 0 0 rg BT 214.77 325.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 246.10 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.87 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 272.64 325.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.65 325.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 333.91 325.25 Td (we ) Tj ET Q q 0 0 0 rg BT 348.02 325.25 Td (have ) Tj ET Q q 0 0 0 rg BT 369.34 325.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 400.66 325.25 Td (a ) Tj ET Q q 0 0 0 rg BT 407.54 325.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 438.87 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.65 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 465.42 325.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 506.18 325.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.19 325.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.17 313.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 81.06 313.25 Td (using ) Tj ET Q q 0 0 0 rg BT 104.62 313.25 Td (both ) Tj ET Q q 0 0 0 rg BT 124.29 313.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 162.84 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.17 313.25 Td (LLS ) Tj ET Q q 0 0 0 rg BT 198.84 313.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 244.59 313.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 270.92 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.25 313.25 Td (three-way ) Tj ET Q q 0 0 0 rg BT 329.11 313.25 Td (collars. ) Tj ET Q q 0 0 0 rg BT 360.16 313.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.05 313.25 Td (Depending ) Tj ET Q q 0 0 0 rg BT 407.82 313.25 Td (on ) Tj ET Q q 0 0 0 rg BT 419.71 313.25 Td (market ) Tj ET Q q 0 0 0 rg BT 449.36 313.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 495.41 313.25 Td (we ) Tj ET Q q 0 0 0 rg BT 508.96 313.25 Td (may ) Tj ET Q q 0 0 0 rg BT 528.07 313.25 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.91 301.25 Td (add ) Tj ET Q q 0 0 0 rg BT 76.97 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.38 301.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.34 301.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 137.63 301.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 160.26 301.25 Td (hedges ) Tj ET Q q 0 0 0 rg BT 190.66 301.25 Td (or ) Tj ET Q q 0 0 0 rg BT 201.62 301.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 224.23 301.25 Td (into ) Tj ET Q q 0 0 0 rg BT 242.42 301.25 Td (hedges ) Tj ET Q q 0 0 0 rg BT 272.81 301.25 Td (for ) Tj ET Q q 0 0 0 rg BT 287.10 301.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 312.23 301.25 Td ( ) Tj ET Q q 0 0 0 rg BT 314.86 301.25 Td (See ) Tj ET Q q 0 0 0 rg BT 331.92 301.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.66 301.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 372.73 301.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.73 301.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 387.86 301.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 436.59 301.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 481.42 301.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.87 301.25 Td (, ) Tj ET Q q 0 0 0 rg BT 526.00 301.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.07 301.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (1) Tj ET Q q 0 0 0 rg BT 54.13 289.25 Td (1) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 59.13 289.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 65.24 289.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 86.62 289.25 Td (V) Tj ET Q q 0 0 0 rg BT 91.62 289.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 112.45 289.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 142.63 289.25 Td (ements) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 170.40 289.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.90 289.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.51 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.89 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.72 289.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 260.10 289.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 300.92 289.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 348.41 289.25 Td (for ) Tj ET Q q 0 0 0 rg BT 363.68 289.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 407.28 289.25 Td (information ) Tj ET Q q 0 0 0 rg BT 458.10 289.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 500.02 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 516.96 289.25 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 91.98 277.25 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 253.25 Td (All ) Tj ET Q q 0 0 0 rg BT 82.73 253.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.51 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.18 253.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 173.38 253.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 216.93 253.25 Td (used ) Tj ET Q q 0 0 0 rg BT 237.71 253.25 Td (for ) Tj ET Q q 0 0 0 rg BT 251.82 253.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.60 253.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 315.60 253.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 361.92 253.25 Td (are ) Tj ET Q q 0 0 0 rg BT 376.58 253.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 414.58 253.25 Td (by ) Tj ET Q q 0 0 0 rg BT 427.03 253.25 Td (external ) Tj ET Q q 0 0 0 rg BT 461.68 253.25 Td (sources.��) Tj ET Q q 0 0 0 rg BT 498.99 253.25 Td (W) Tj ET Q q 0 0 0 rg BT 507.63 253.25 Td (e ) Tj ET Q q 0 0 0 rg BT 514.52 253.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 548.06 253.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.25 Td (control ) Tj ET Q q 0 0 0 rg BT 81.57 241.25 Td (market ) Tj ET Q q 0 0 0 rg BT 113.07 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.25 241.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 185.52 241.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.02 241.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 230.76 241.25 Td (through ) Tj ET Q q 0 0 0 rg BT 265.61 241.25 Td (established ) Tj ET Q q 0 0 0 rg BT 313.79 241.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 348.07 241.25 Td (control ) Tj ET Q q 0 0 0 rg BT 380.13 241.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 427.74 241.25 Td (that ) Tj ET Q q 0 0 0 rg BT 446.48 241.25 Td (are ) Tj ET Q q 0 0 0 rg BT 462.42 241.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 502.81 241.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.55 241.25 Td (an ) Tj ET Q q 0 0 0 rg BT 529.73 241.25 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (basis.��) Tj ET Q q 0 0 0 rg BT 76.82 229.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.46 229.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.69 229.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 125.47 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.05 229.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 176.61 229.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.17 229.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 219.96 229.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 258.86 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.43 229.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 328.86 229.25 Td (through ) Tj ET Q q 0 0 0 rg BT 362.77 229.25 Td (formal ) Tj ET Q q 0 0 0 rg BT 392.22 229.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 417.77 229.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 454.17 229.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 501.41 229.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 548.07 229.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.25 Td (diversification.��) Tj ET Q q 0 0 0 rg BT 114.21 217.25 Td (All ) Tj ET Q q 0 0 0 rg BT 129.71 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.75 217.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.80 217.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 205.08 217.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 247.78 217.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 286.59 217.25 Td (are ) Tj ET Q q 0 0 0 rg BT 301.52 217.25 Td (with ) Tj ET Q q 0 0 0 rg BT 322.01 217.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 351.39 217.25 Td (that ) Tj ET Q q 0 0 0 rg BT 369.10 217.25 Td (are ) Tj ET Q q 0 0 0 rg BT 384.03 217.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 415.63 217.25 Td (under ) Tj ET Q q 0 0 0 rg BT 441.12 217.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.17 217.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 484.32 217.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 517.58 217.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.74 217.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.11 205.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 94.06 205.25 Td (af) Tj ET Q q 0 0 0 rg BT 101.65 205.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 131.15 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.78 205.25 Td (such ) Tj ET Q q 0 0 0 rg BT 162.40 205.25 Td (lenders\).��) Tj ET Q q 0 0 0 rg BT 201.92 205.25 Td (W) Tj ET Q q 0 0 0 rg BT 210.56 205.25 Td (e ) Tj ET Q q 0 0 0 rg BT 217.29 205.25 Td (have ) Tj ET Q q 0 0 0 rg BT 238.46 205.25 Td (included ) Tj ET Q q 0 0 0 rg BT 275.19 205.25 Td (an ) Tj ET Q q 0 0 0 rg BT 286.92 205.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 322.53 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.15 205.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 400.96 205.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 418.25 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.32 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.83 205.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.00 205.25 Td (value ) Tj ET Q q 0 0 0 rg BT 482.95 205.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 538.55 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 205.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 98.46 193.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 141.85 193.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 183.86 193.25 Td (which ) Tj ET Q q 0 0 0 rg BT 211.71 193.25 Td (we ) Tj ET Q q 0 0 0 rg BT 226.78 193.25 Td (have ) Tj ET Q q 0 0 0 rg BT 249.07 193.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 290.79 193.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.86 193.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 374.80 193.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 393.21 193.25 Td (based ) Tj ET Q q 0 0 0 rg BT 419.39 193.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 442.80 193.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 468.97 193.25 Td (default ) Tj ET Q q 0 0 0 rg BT 500.14 193.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 528.00 193.25 Td (or ) Tj ET Q q 0 0 0 rg BT 539.74 193.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.25 Td (spreads. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 157.25 Td (For ) Tj ET Q q 0 0 0 rg BT 84.64 157.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 131.76 157.25 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 173.06 157.25 Td (we ) Tj ET Q q 0 0 0 rg BT 187.97 157.25 Td (do ) Tj ET Q q 0 0 0 rg BT 201.22 157.25 Td (not ) Tj ET Q q 0 0 0 rg BT 217.25 157.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 242.71 157.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 269.84 157.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 316.96 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.98 157.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.56 157.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 393.36 157.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 436.59 157.25 Td (contracts.��) Tj ET Q q 0 0 0 rg BT 480.00 157.25 Td (This ) Tj ET Q q 0 0 0 rg BT 501.03 157.25 Td (means ) Tj ET Q q 0 0 0 rg BT 529.83 157.25 Td (that ) Tj ET Q q 0 0 0 rg BT 548.07 157.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.77 145.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.61 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.89 145.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 127.83 145.25 Td (value ) Tj ET Q q 0 0 0 rg BT 152.55 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.94 145.25 Td (these ) Tj ET Q q 0 0 0 rg BT 187.55 145.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 236.17 145.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 279.21 145.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 318.37 145.25 Td (will ) Tj ET Q q 0 0 0 rg BT 336.99 145.25 Td (be ) Tj ET Q q 0 0 0 rg BT 349.49 145.25 Td (char) Tj ET Q q 0 0 0 rg BT 366.51 145.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 384.02 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.86 145.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 431.80 145.25 Td (instead ) Tj ET Q q 0 0 0 rg BT 463.19 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.58 145.25 Td (char) Tj ET Q q 0 0 0 rg BT 491.60 145.25 Td (ging ) Tj ET Q q 0 0 0 rg BT 512.45 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.73 145.25 Td (ef) Tj ET Q q 0 0 0 rg BT 535.31 145.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.89 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.17 133.25 Td (other ) Tj ET Q q 0 0 0 rg BT 114.21 133.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 177.24 133.25 Td (income ) Tj ET Q q 0 0 0 rg BT 209.18 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.12 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.83 133.25 Td (inef) Tj ET Q q 0 0 0 rg BT 256.20 133.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 285.90 133.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 317.29 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.57 133.25 Td (earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 109.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.21 109.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 139.01 109.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.01 109.25 Td (, ) Tj ET Q q 0 0 0 rg BT 164.23 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 180.27 109.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 228.54 109.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 271.24 109.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 310.04 109.25 Td (were ) Tj ET Q q 0 0 0 rg BT 332.19 109.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 369.88 109.25 Td (at ) Tj ET Q q 0 0 0 rg BT 379.81 109.25 Td (their ) Tj ET Q q 0 0 0 rg BT 400.85 109.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 417.44 109.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 444.31 109.25 Td (which ) Tj ET Q q 0 0 0 rg BT 471.46 109.25 Td (was ) Tj ET Q q 0 0 0 rg BT 489.73 109.25 Td (a ) Tj ET Q q 0 0 0 rg BT 496.88 109.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.82 109.25 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.25 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 533.97 109.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 109.25 Td ($3.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 97.25 Td (, ) Tj ET Q q 0 0 0 rg BT 82.78 97.25 Td (a ) Tj ET Q q 0 0 0 rg BT 89.10 97.25 Td ($93.7 ) Tj ET Q q 0 0 0 rg BT 113.48 97.25 Td (million ) Tj ET Q q 0 0 0 rg BT 144.26 97.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 180.55 97.25 Td (from ) Tj ET Q q 0 0 0 rg BT 201.88 97.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.98 97.25 Td ($97.3 ) Tj ET Q q 0 0 0 rg BT 240.36 97.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.25 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 271.14 97.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.24 97.25 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.68 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.56 97.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 343.42 97.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.52 97.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 410.49 97.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.49 97.25 Td (.��) Tj ET Q q 0 0 0 rg BT 437.81 97.25 Td (This ) Tj ET Q q 0 0 0 rg BT 457.47 97.25 Td (change ) Tj ET Q q 0 0 0 rg BT 487.67 97.25 Td (is ) Tj ET Q q 0 0 0 rg BT 496.22 97.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 535.32 97.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.06 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.06 85.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 118.39 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.50 85.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 177.83 85.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 220.60 85.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 259.48 85.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.37 85.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.37 85.25 Td (, ) Tj ET Q q 0 0 0 rg BT 313.65 85.25 Td (new ) Tj ET Q q 0 0 0 rg BT 333.09 85.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 381.43 85.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 424.19 85.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 463.07 85.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 495.28 85.25 Td (into ) Tj ET Q q 0 0 0 rg BT 513.62 85.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 85.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 73.25 Td (future ) Tj ET Q q 0 0 0 rg BT 90.04 73.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 124.48 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.41 73.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 176.12 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.40 73.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 199.46 73.25 Td (futures ) Tj ET Q q 0 0 0 rg BT 229.72 73.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 256.10 73.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.92 73.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 350.50 73.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.50 73.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.00 73.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.94 73.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.94 73.25 Td (.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (56) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.11 713.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 142.81 713.10 Td (Sensitivity ) Tj ET Q q 0 0 0 rg BT 186.23 713.10 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 93.82 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 105.71 689.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 144.25 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.58 689.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 180.24 689.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 204.33 689.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.77 689.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 246.42 689.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 272.18 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 282.40 689.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.61 689.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 350.58 689.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.58 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 374.96 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.29 689.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 430.95 689.10 Td (both ) Tj ET Q q 0 0 0 rg BT 450.61 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 456.93 689.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 477.15 689.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 511.78 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.11 689.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 84.49 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.65 677.10 Td (would ) Tj ET Q q 0 0 0 rg BT 126.15 677.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 154.74 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.02 677.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 196.38 677.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 237.21 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.71 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.54 677.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 290.24 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 303.30 677.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 345.78 677.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 384.37 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.20 677.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 423.82 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.09 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.81 677.10 Td (following ) Tj ET Q q 0 0 0 rg BT 490.20 677.10 Td (table:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 638.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 638.60 134.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 608.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 608.60 134.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 653.6 m 425 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 653.6 m 563 653.6 l s BT /F5 8.00 Tf ET q 0 0 0 rg BT 52.50 657.85 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.50 657.85 Td (Receipt / \(Payment\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 643.27 Td (Based on:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 643.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 628.27 Td (Futures prices as of December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 628.27 Td (6,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 613.27 Td (10% increase in prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 613.32 Td (\(43,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 613.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 598.27 Td (10% decrease in prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 598.27 Td (67,752) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.38 570.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 133.25 570.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 175.56 570.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 213.97 570.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.51 570.10 Td (used ) Tj ET Q q 0 0 0 rg BT 249.16 570.10 Td (as ) Tj ET Q q 0 0 0 rg BT 259.81 570.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.58 570.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 312.77 570.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 338.97 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.63 570.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.28 570.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 403.71 570.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.81 570.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 461.68 570.10 Td (price ) Tj ET Q q 0 0 0 rg BT 483.99 570.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 501.32 570.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.74 570.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.70 558.10 Td (future ) Tj ET Q q 0 0 0 rg BT 121.90 558.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 170.05 558.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.87 558.10 Td (As ) Tj ET Q q 0 0 0 rg BT 185.31 558.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.08 558.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 219.12 558.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 253.66 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.76 558.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 297.18 558.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.84 558.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 348.50 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.15 558.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.81 558.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 422.69 558.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 465.00 558.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 503.42 558.10 Td (due ) Tj ET Q q 0 0 0 rg BT 520.19 558.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.30 558.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 546.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 108.07 546.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 137.07 546.10 Td (as ) Tj ET Q q 0 0 0 rg BT 148.02 546.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 185.61 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.01 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.85 546.10 Td (above ) Tj ET Q q 0 0 0 rg BT 237.35 546.10 Td (table, ) Tj ET Q q 0 0 0 rg BT 261.90 546.10 Td (would ) Tj ET Q q 0 0 0 rg BT 289.52 546.10 Td (be ) Tj ET Q q 0 0 0 rg BT 301.58 546.10 Td (mostly ) Tj ET Q q 0 0 0 rg BT 331.43 546.10 Td (of) Tj ET Q q 0 0 0 rg BT 339.58 546.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 356.64 546.10 Td (by ) Tj ET Q q 0 0 0 rg BT 369.26 546.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.32 546.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 436.15 546.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 471.52 546.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.48 546.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 519.51 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.91 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.75 546.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 83.09 534.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.59 534.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 117.53 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.36 534.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.19 534.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 157.25 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.19 534.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 204.45 534.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 220.28 534.10 Td (production ) Tj ET Q q 0 0 0 rg BT 266.11 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.38 534.10 Td (which ) Tj ET Q q 0 0 0 rg BT 303.32 534.10 Td (those ) Tj ET Q q 0 0 0 rg BT 326.93 534.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 374.98 534.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 417.46 534.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 456.06 534.10 Td (relate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.10 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 98.96 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.91 510.10 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 172.85 510.10 Td (POLICIES ) Tj ET Q q 0 0 0 rg BT 222.60 510.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 246.76 510.10 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 285.47 510.10 Td (TES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.77 486.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 134.02 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.07 486.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.76 486.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 227.70 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.19 486.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 285.87 486.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.37 486.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 346.29 486.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 383.98 486.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 430.57 486.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 472.72 486.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 507.65 486.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.36 486.10 Td (we ) Tj ET Q q 0 0 0 rg BT 539.74 486.10 Td (select ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.93 474.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 125.04 474.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 158.37 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.04 474.10 Td (make ) Tj ET Q q 0 0 0 rg BT 198.92 474.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 228.36 474.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 267.80 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.47 474.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 328.36 474.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 368.91 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.36 474.10 Td (application ) Tj ET Q q 0 0 0 rg BT 430.02 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.58 474.10 Td (those ) Tj ET Q q 0 0 0 rg BT 463.92 474.10 Td (policies.��Our ) Tj ET Q q 0 0 0 rg BT 520.30 474.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 97.65 462.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 133.02 462.10 Td (are ) Tj ET Q q 0 0 0 rg BT 149.50 462.10 Td (included ) Tj ET Q q 0 0 0 rg BT 188.21 462.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.26 462.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 223.98 462.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.98 462.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 235.75 462.10 Td (Natur) Tj ET Q q 0 0 0 rg BT 258.72 462.10 Td (e ) Tj ET Q q 0 0 0 rg BT 267.43 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.48 462.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 328.76 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.03 462.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 390.08 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.13 462.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 449.43 462.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 499.24 462.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.45 462.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.23 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 462.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.49 450.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 143.92 450.10 Td (Statements.��) Tj ET Q q 0 0 0 rg BT 195.12 450.10 Td (These ) Tj ET Q q 0 0 0 rg BT 221.22 450.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 257.04 450.10 Td (along ) Tj ET Q q 0 0 0 rg BT 281.48 450.10 Td (with ) Tj ET Q q 0 0 0 rg BT 301.47 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.91 450.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 361.45 450.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 413.12 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.77 450.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 473.66 450.10 Td (by ) Tj ET Q q 0 0 0 rg BT 485.88 450.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.42 450.10 Td (management ) Tj ET Q q 0 0 0 rg BT 554.73 450.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (their ) Tj ET Q q 0 0 0 rg BT 69.81 438.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 118.72 438.10 Td (have ) Tj ET Q q 0 0 0 rg BT 139.58 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.00 438.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 190.19 438.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 219.38 438.10 Td (on ) Tj ET Q q 0 0 0 rg BT 231.36 438.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.67 438.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 299.20 438.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.16 438.10 Td (statements.��Following ) Tj ET Q q 0 0 0 rg BT 428.97 438.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.62 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.04 438.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 487.69 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.01 438.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.32 438.10 Td (most ) Tj ET Q q 0 0 0 rg BT 534.75 438.10 Td (critical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.87 426.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 138.08 426.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 182.25 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.19 426.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 252.78 426.10 Td (that ) Tj ET Q q 0 0 0 rg BT 270.27 426.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.98 426.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 320.24 426.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.52 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.24 426.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 393.27 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.10 426.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.93 426.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.41 426.10 Td (statements.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 402.10 Td (Full ) Tj ET Q q 0 0 0 rg BT 68.67 402.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 89.50 402.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 122.55 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.65 402.10 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 183.19 402.10 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 225.13 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.63 402.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 262.81 402.10 Td (eciation ) Tj ET Q q 0 0 0 rg BT 297.52 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.02 402.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 330.30 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.80 402.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 381.41 402.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 400.03 402.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 409.66 402.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 113.81 378.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 151.21 378.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.41 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.04 378.10 Td (production ) Tj ET Q q 0 0 0 rg BT 221.77 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.52 378.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 245.49 378.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.34 378.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 292.52 378.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 308.26 378.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.88 378.10 Td (required ) Tj ET Q q 0 0 0 rg BT 358.61 378.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.80 378.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 397.33 378.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 443.61 378.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 465.46 378.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.87 378.10 Td (are ) Tj ET Q q 0 0 0 rg BT 497.49 378.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 527.12 378.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.31 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.94 378.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.33 366.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 82.06 366.10 Td (industry) Tj ET Q q 0 0 0 rg BT 114.19 366.10 Td (.��) Tj ET Q q 0 0 0 rg BT 121.51 366.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.15 366.10 Td (e ) Tj ET Q q 0 0 0 rg BT 136.98 366.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 161.60 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.21 366.10 Td (full ) Tj ET Q q 0 0 0 rg BT 192.49 366.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 211.00 366.10 Td (method ) Tj ET Q q 0 0 0 rg BT 243.39 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.12 366.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 300.38 366.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.44 366.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.17 366.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 343.12 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.96 366.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.12 366.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 405.84 366.10 Td (properties.��) Tj ET Q q 0 0 0 rg BT 452.78 366.10 Td (Another ) Tj ET Q q 0 0 0 rg BT 487.94 366.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 532.52 366.10 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.27 354.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 106.58 354.10 Td (for ) Tj ET Q q 0 0 0 rg BT 120.68 354.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 133.67 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.55 354.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 180.75 354.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 196.52 354.10 Td (production ) Tj ET Q q 0 0 0 rg BT 242.29 354.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 280.83 354.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.93 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.59 354.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 348.13 354.10 Td (ef) Tj ET Q q 0 0 0 rg BT 355.72 354.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 376.48 354.10 Td (method ) Tj ET Q q 0 0 0 rg BT 408.92 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.69 354.10 Td (accounting.��In ) Tj ET Q q 0 0 0 rg BT 481.83 354.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 516.19 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.85 354.10 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 342.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 96.10 342.10 Td (between ) Tj ET Q q 0 0 0 rg BT 131.78 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.36 342.10 Td (two ) Tj ET Q q 0 0 0 rg BT 163.72 342.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 199.97 342.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.54 342.10 Td (related ) Tj ET Q q 0 0 0 rg BT 244.10 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.25 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.83 342.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 325.05 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.75 342.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 358.11 342.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.91 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.49 342.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 433.50 342.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.53 342.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 469.33 342.10 Td (impairment.��Under ) Tj ET Q q 0 0 0 rg BT 550.28 342.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (full ) Tj ET Q q 0 0 0 rg BT 65.64 330.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.01 330.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 118.76 330.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.01 330.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 174.92 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.61 330.10 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 241.63 330.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 266.38 330.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 314.73 330.10 Td (dry ) Tj ET Q q 0 0 0 rg BT 330.32 330.10 Td (holes ) Tj ET Q q 0 0 0 rg BT 353.68 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.38 330.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 394.29 330.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 423.20 330.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.66 330.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 483.23 330.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.26 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.73 330.10 Td (full ) Tj ET Q q 0 0 0 rg BT 523.88 330.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 542.24 330.10 Td (pool, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (whereas ) Tj ET Q q 0 0 0 rg BT 85.52 318.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.54 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.01 318.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 171.37 318.10 Td (ef) Tj ET Q q 0 0 0 rg BT 178.96 318.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 200.54 318.10 Td (method ) Tj ET Q q 0 0 0 rg BT 233.80 318.10 Td (such ) Tj ET Q q 0 0 0 rg BT 255.38 318.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.64 318.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.10 318.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 334.57 318.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.16 318.10 Td (incurred.��In ) Tj ET Q q 0 0 0 rg BT 398.56 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.03 318.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 461.73 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.31 318.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 522.67 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.26 318.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 318.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.54 306.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.15 306.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 139.91 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.41 306.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 197.78 306.10 Td (ef) Tj ET Q q 0 0 0 rg BT 205.37 306.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 225.98 306.10 Td (method ) Tj ET Q q 0 0 0 rg BT 258.25 306.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 290.53 306.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 305.02 306.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 352.84 306.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.79 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.29 306.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 430.23 306.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.39 306.10 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 479.23 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.29 306.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 537.51 306.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 71.41 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.66 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.79 294.10 Td (F) Tj ET Q q 0 0 0 rg BT 100.61 294.10 Td (ASC, ) Tj ET Q q 0 0 0 rg BT 124.48 294.10 Td (under ) Tj ET Q q 0 0 0 rg BT 149.17 294.10 Td (which ) Tj ET Q q 0 0 0 rg BT 175.52 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.65 294.10 Td (net ) Tj ET Q q 0 0 0 rg BT 203.79 294.10 Td (book ) Tj ET Q q 0 0 0 rg BT 225.70 294.10 Td (value ) Tj ET Q q 0 0 0 rg BT 249.28 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.52 294.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.77 294.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.35 294.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 333.59 294.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.16 294.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 395.18 294.10 Td (against ) Tj ET Q q 0 0 0 rg BT 425.42 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.55 294.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 494.80 294.10 Td (future ) Tj ET Q q 0 0 0 rg BT 520.59 294.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.27 294.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.45 282.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 121.27 282.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 147.42 282.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 189.70 282.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.75 282.10 Td (management ) Tj ET Q q 0 0 0 rg BT 263.11 282.10 Td (expectations.��Under ) Tj ET Q q 0 0 0 rg BT 347.86 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.35 282.10 Td (full ) Tj ET Q q 0 0 0 rg BT 378.51 282.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.90 282.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 431.67 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.16 282.10 Td (full ) Tj ET Q q 0 0 0 rg BT 462.32 282.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.71 282.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 500.76 282.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 518.58 282.10 Td (book ) Tj ET Q q 0 0 0 rg BT 540.86 282.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.73 270.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 72.20 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.54 270.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 118.21 270.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 133.44 270.10 Td (properties\) ) Tj ET Q q 0 0 0 rg BT 178.66 270.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.23 270.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 227.45 270.10 Td (against ) Tj ET Q q 0 0 0 rg BT 257.68 270.10 Td (future ) Tj ET Q q 0 0 0 rg BT 283.46 270.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 303.14 270.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 327.26 270.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 372.49 270.10 Td (at ) Tj ET Q q 0 0 0 rg BT 381.61 270.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 401.85 270.10 Td (using ) Tj ET Q q 0 0 0 rg BT 425.42 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.54 270.10 Td (average ) Tj ET Q q 0 0 0 rg BT 472.53 270.10 Td (first-day-of-the-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.27 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.91 258.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 108.89 258.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 124.43 258.10 Td (price ) Tj ET Q q 0 0 0 rg BT 146.62 258.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.49 258.10 Td (each ) Tj ET Q q 0 0 0 rg BT 181.02 258.10 Td (month ) Tj ET Q q 0 0 0 rg BT 208.78 258.10 Td (during ) Tj ET Q q 0 0 0 rg BT 237.10 258.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.75 258.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 284.84 258.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 313.72 258.10 Td (period ) Tj ET Q q 0 0 0 rg BT 341.48 258.10 Td (through ) Tj ET Q q 0 0 0 rg BT 374.79 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.22 258.10 Td (end ) Tj ET Q q 0 0 0 rg BT 405.87 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.41 258.10 Td (each ) Tj ET Q q 0 0 0 rg BT 436.93 258.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 475.23 258.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 514.10 258.10 Td (period.��) Tj ET Q q 0 0 0 rg BT 546.97 258.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.39 246.10 Td (results ) Tj ET Q q 0 0 0 rg BT 114.40 246.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.97 246.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.31 246.10 Td (given ) Tj ET Q q 0 0 0 rg BT 158.43 246.10 Td (period ) Tj ET Q q 0 0 0 rg BT 185.89 246.10 Td (could ) Tj ET Q q 0 0 0 rg BT 210.01 246.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.35 246.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 273.81 246.10 Td (dif) Tj ET Q q 0 0 0 rg BT 284.74 246.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 309.96 246.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 353.52 246.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.43 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.55 246.10 Td (method ) Tj ET Q q 0 0 0 rg BT 411.45 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.69 246.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 467.46 246.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.36 246.10 Td (an ) Tj ET Q q 0 0 0 rg BT 495.71 246.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 508.17 246.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.51 246.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 539.75 246.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (applies.��Further) Tj ET Q q 0 0 0 rg BT 114.36 234.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.20 234.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.19 234.10 Td (do ) Tj ET Q q 0 0 0 rg BT 145.52 234.10 Td (not ) Tj ET Q q 0 0 0 rg BT 160.63 234.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 200.73 234.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.39 234.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 229.28 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.05 234.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 276.15 234.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.81 234.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 334.13 234.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 372.55 234.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.22 234.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 417.77 234.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 466.77 234.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.76 234.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 526.96 234.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.02 222.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 89.99 222.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 138.84 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.59 222.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.03 222.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.78 222.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 216.53 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.61 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.58 222.10 Td (F) Tj ET Q q 0 0 0 rg BT 247.40 222.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 269.61 222.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 288.46 222.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 321.48 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.67 222.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.76 222.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.95 222.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 384.42 222.10 Td (these ) Tj ET Q q 0 0 0 rg BT 407.72 222.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 446.56 222.10 Td (are ) Tj ET Q q 0 0 0 rg BT 461.52 222.10 Td (not ) Tj ET Q q 0 0 0 rg BT 477.05 222.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 523.12 222.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.65 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.62 222.10 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.11 210.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 97.82 210.10 Td (test.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 186.10 Td (e ) Tj ET Q q 0 0 0 rg BT 84.02 186.10 Td (make ) Tj ET Q q 0 0 0 rg BT 109.12 186.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 154.78 186.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 195.43 186.10 Td (at ) Tj ET Q q 0 0 0 rg BT 206.10 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.76 186.10 Td (end ) Tj ET Q q 0 0 0 rg BT 239.64 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.42 186.10 Td (each ) Tj ET Q q 0 0 0 rg BT 273.18 186.10 Td (period ) Tj ET Q q 0 0 0 rg BT 302.17 186.10 Td (related ) Tj ET Q q 0 0 0 rg BT 332.81 186.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.04 186.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 380.24 186.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.34 186.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 409.34 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.23 186.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 458.44 186.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 475.21 186.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 516.69 186.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 95.13 174.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.46 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.22 174.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 174.31 174.10 Td (expenses.��) Tj ET Q q 0 0 0 rg BT 217.73 174.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.37 174.10 Td (e ) Tj ET Q q 0 0 0 rg BT 233.14 174.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 270.99 174.10 Td (these ) Tj ET Q q 0 0 0 rg BT 293.86 174.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 333.40 174.10 Td (with ) Tj ET Q q 0 0 0 rg BT 353.51 174.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.16 174.10 Td (best ) Tj ET Q q 0 0 0 rg BT 387.60 174.10 Td (available ) Tj ET Q q 0 0 0 rg BT 426.01 174.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 447.50 174.10 Td (which ) Tj ET Q q 0 0 0 rg BT 474.26 174.10 Td (includes, ) Tj ET Q q 0 0 0 rg BT 512.41 174.10 Td (among ) Tj ET Q q 0 0 0 rg BT 541.96 174.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 78.59 162.10 Td (production ) Tj ET Q q 0 0 0 rg BT 124.05 162.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 156.46 162.10 Td (price ) Tj ET Q q 0 0 0 rg BT 178.59 162.10 Td (posting, ) Tj ET Q q 0 0 0 rg BT 212.68 162.10 Td (information ) Tj ET Q q 0 0 0 rg BT 262.03 162.10 Td (compiled ) Tj ET Q q 0 0 0 rg BT 301.38 162.10 Td (from ) Tj ET Q q 0 0 0 rg BT 322.96 162.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 345.09 162.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 376.68 162.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 406.59 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.17 162.10 Td (other ) Tj ET Q q 0 0 0 rg BT 445.85 162.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 478.53 162.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 513.44 162.10 Td (devices, ) Tj ET Q q 0 0 0 rg BT 548.06 162.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 83.65 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.91 150.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 133.05 150.10 Td (results ) Tj ET Q q 0 0 0 rg BT 161.09 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.46 150.10 Td (trends.��) Tj ET Q q 0 0 0 rg BT 209.21 150.10 Td (While ) Tj ET Q q 0 0 0 rg BT 235.58 150.10 Td (management ) Tj ET Q q 0 0 0 rg BT 288.60 150.10 Td (is ) Tj ET Q q 0 0 0 rg BT 297.20 150.10 Td (not ) Tj ET Q q 0 0 0 rg BT 311.91 150.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 337.70 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.96 150.10 Td (any ) Tj ET Q q 0 0 0 rg BT 364.33 150.10 Td (required ) Tj ET Q q 0 0 0 rg BT 399.58 150.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 437.62 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.32 150.10 Td (its ) Tj ET Q q 0 0 0 rg BT 458.70 150.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 500.35 150.10 Td (there ) Tj ET Q q 0 0 0 rg BT 522.26 150.10 Td (will ) Tj ET Q q 0 0 0 rg BT 539.75 150.10 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.27 138.10 Td (future ) Tj ET Q q 0 0 0 rg BT 89.49 138.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 140.60 138.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 178.93 138.10 Td (from ) Tj ET Q q 0 0 0 rg BT 201.70 138.10 Td (such ) Tj ET Q q 0 0 0 rg BT 223.37 138.10 Td (things ) Tj ET Q q 0 0 0 rg BT 251.16 138.10 Td (as ) Tj ET Q q 0 0 0 rg BT 262.82 138.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 302.27 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.38 138.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 355.04 138.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 368.93 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.71 138.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 417.81 138.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 434.47 138.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 474.20 138.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 509.74 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.85 138.10 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 87.33 126.10 Td (payouts, ) Tj ET Q q 0 0 0 rg BT 122.94 126.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 143.27 126.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 175.26 126.10 Td (audits, ) Tj ET Q q 0 0 0 rg BT 203.65 126.10 Td (re-allocations ) Tj ET Q q 0 0 0 rg BT 260.07 126.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.07 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.29 126.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 331.05 126.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.38 126.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 381.99 126.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.32 126.10 Td (other ) Tj ET Q q 0 0 0 rg BT 414.87 126.10 Td (corrections ) Tj ET Q q 0 0 0 rg BT 461.30 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.74 126.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 527.51 126.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.25 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.43 114.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 88.96 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.36 114.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.66 114.10 Td (industry) Tj ET Q q 0 0 0 rg BT 154.79 114.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.26 114.10 Td (many ) Tj ET Q q 0 0 0 rg BT 185.44 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.74 114.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.14 114.10 Td (will ) Tj ET Q q 0 0 0 rg BT 242.67 114.10 Td (require ) Tj ET Q q 0 0 0 rg BT 273.95 114.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 319.67 114.10 Td (application.��) Tj ET Q q 0 0 0 rg BT 371.42 114.10 Td (These ) Tj ET Q q 0 0 0 rg BT 398.26 114.10 Td (types ) Tj ET Q q 0 0 0 rg BT 422.34 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.64 114.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 484.38 114.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 514.00 114.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.41 114.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.32 102.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.15 102.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 148.63 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.57 102.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.63 102.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.56 102.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 233.04 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.32 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.04 102.10 Td (period ) Tj ET Q q 0 0 0 rg BT 286.08 102.10 Td (during ) Tj ET Q q 0 0 0 rg BT 314.69 102.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.63 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.35 102.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 402.73 102.10 Td (occurs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.85 78.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.10 78.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.57 78.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 178.31 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.89 78.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 233.57 78.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 274.81 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.50 78.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 315.64 78.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.55 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.36 78.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 375.48 78.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 391.17 78.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 426.29 78.10 Td (used ) Tj ET Q q 0 0 0 rg BT 446.99 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.13 78.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 493.92 78.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 533.50 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 78.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.55 66.10 Td (present ) Tj ET Q q 0 0 0 rg BT 109.27 66.10 Td (value ) Tj ET Q q 0 0 0 rg BT 132.77 66.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.95 66.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 183.11 66.10 Td (future ) Tj ET Q q 0 0 0 rg BT 208.84 66.10 Td (net ) Tj ET Q q 0 0 0 rg BT 222.90 66.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.51 66.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 266.58 66.10 Td (therefrom ) Tj ET Q q 0 0 0 rg BT 307.85 66.10 Td (used ) Tj ET Q q 0 0 0 rg BT 328.03 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.65 66.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 371.70 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.76 66.10 Td (full ) Tj ET Q q 0 0 0 rg BT 401.50 66.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 419.45 66.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 448.51 66.10 Td (test ) Tj ET Q q 0 0 0 rg BT 464.24 66.10 Td (have ) Tj ET Q q 0 0 0 rg BT 484.96 66.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.25 66.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 535.31 66.10 Td (impact ) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.17 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 713.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 120.04 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.69 713.10 Td (statements.��) Tj ET Q q 0 0 0 rg BT 206.22 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.44 713.10 Td (process ) Tj ET Q q 0 0 0 rg BT 255.10 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.09 713.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 308.42 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 320.65 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.75 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.18 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 381.18 713.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 415.61 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.94 713.10 Td (very ) Tj ET Q q 0 0 0 rg BT 443.38 713.10 Td (complex, ) Tj ET Q q 0 0 0 rg BT 481.98 713.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 520.30 713.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 89.77 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.61 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.89 701.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 160.59 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.98 701.10 Td (all ) Tj ET Q q 0 0 0 rg BT 185.04 701.10 Td (available ) Tj ET Q q 0 0 0 rg BT 224.18 701.10 Td (geological, ) Tj ET Q q 0 0 0 rg BT 271.39 701.10 Td (geophysical, ) Tj ET Q q 0 0 0 rg BT 324.71 701.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 374.97 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.47 701.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 434.40 701.10 Td (data.��) Tj ET Q q 0 0 0 rg BT 458.38 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.98 701.10 Td (data ) Tj ET Q q 0 0 0 rg BT 496.69 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.41 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.91 701.10 Td (given ) Tj ET Q q 0 0 0 rg BT 544.18 701.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 70.25 689.10 Td (also ) Tj ET Q q 0 0 0 rg BT 89.90 689.10 Td (change ) Tj ET Q q 0 0 0 rg BT 121.75 689.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 175.83 689.10 Td (over ) Tj ET Q q 0 0 0 rg BT 197.14 689.10 Td (time ) Tj ET Q q 0 0 0 rg BT 218.45 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.31 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.28 689.10 Td (result ) Tj ET Q q 0 0 0 rg BT 264.04 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.90 689.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 318.88 689.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 352.12 689.10 Td (including ) Tj ET Q q 0 0 0 rg BT 393.43 689.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 436.95 689.10 Td (development ) Tj ET Q q 0 0 0 rg BT 492.14 689.10 Td (activity) Tj ET Q q 0 0 0 rg BT 521.48 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.51 689.10 Td (evolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 96.11 677.10 Td (history ) Tj ET Q q 0 0 0 rg BT 127.17 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.89 677.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 187.60 677.10 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 243.09 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.70 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.20 677.10 Td (viability ) Tj ET Q q 0 0 0 rg BT 306.81 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.42 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 365.03 677.10 Td (under ) Tj ET Q q 0 0 0 rg BT 391.08 677.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 424.91 677.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 467.06 677.10 Td (conditions.��) Tj ET Q q 0 0 0 rg BT 515.67 677.10 Td (As ) Tj ET Q q 0 0 0 rg BT 530.07 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 677.10 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.62 665.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 123.09 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.23 665.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 167.26 665.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 198.49 665.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 238.06 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.64 665.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 282.21 665.10 Td (from ) Tj ET Q q 0 0 0 rg BT 304.01 665.10 Td (time ) Tj ET Q q 0 0 0 rg BT 324.15 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.29 665.10 Td (time.��) Tj ET Q q 0 0 0 rg BT 359.01 665.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 399.15 665.10 Td (every ) Tj ET Q q 0 0 0 rg BT 423.72 665.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 468.84 665.10 Td (ef) Tj ET Q q 0 0 0 rg BT 476.42 665.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 493.23 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.26 665.10 Td (made ) Tj ET Q q 0 0 0 rg BT 526.28 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.42 665.10 Td (ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.15 653.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 99.91 653.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 131.21 653.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 170.86 653.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 209.95 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.60 653.10 Td (most ) Tj ET Q q 0 0 0 rg BT 246.49 653.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 282.23 653.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 332.99 653.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 370.71 653.10 Td (including ) Tj ET Q q 0 0 0 rg BT 410.92 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.58 653.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 451.90 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.67 653.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 513.98 653.10 Td (engineers ) Tj ET Q q 0 0 0 rg BT 554.73 653.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 81.09 641.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 116.01 641.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 157.33 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.16 641.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 213.31 641.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 252.14 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.19 641.10 Td (variances ) Tj ET Q q 0 0 0 rg BT 307.55 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.94 641.10 Td (available ) Tj ET Q q 0 0 0 rg BT 354.64 641.10 Td (data ) Tj ET Q q 0 0 0 rg BT 372.91 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.18 641.10 Td (various ) Tj ET Q q 0 0 0 rg BT 417.23 641.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 441.05 641.10 Td (make ) Tj ET Q q 0 0 0 rg BT 464.32 641.10 Td (these ) Tj ET Q q 0 0 0 rg BT 486.48 641.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 525.30 641.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (less ) Tj ET Q q 0 0 0 rg BT 66.93 629.10 Td (precise ) Tj ET Q q 0 0 0 rg BT 97.67 629.10 Td (than ) Tj ET Q q 0 0 0 rg BT 117.32 629.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.29 629.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 179.93 629.10 Td (included ) Tj ET Q q 0 0 0 rg BT 216.79 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.00 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.76 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.17 629.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 320.92 629.10 Td (disclosures.��Over ) Tj ET Q q 0 0 0 rg BT 395.27 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.92 629.10 Td (last ) Tj ET Q q 0 0 0 rg BT 426.23 629.10 Td (four ) Tj ET Q q 0 0 0 rg BT 445.32 629.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 471.35 629.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 500.43 629.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 538.97 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.17 629.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 81.71 617.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 124.76 617.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 167.54 617.10 Td (any ) Tj ET Q q 0 0 0 rg BT 185.32 617.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 224.77 617.10 Td (related ) Tj ET Q q 0 0 0 rg BT 255.31 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.43 617.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 301.98 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.10 617.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 361.99 617.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 391.71 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.93 617.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 453.35 617.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 514.45 617.10 Td (2.0% ) Tj ET Q q 0 0 0 rg BT 538.62 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 617.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 86.44 605.10 Td (year) Tj ET Q q 0 0 0 rg BT 104.02 605.10 Td (�) Tj ET Q q 0 0 0 rg BT 106.79 605.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.19 605.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 152.90 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.84 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 191.21 605.10 Td (been ) Tj ET Q q 0 0 0 rg BT 212.59 605.10 Td (both ) Tj ET Q q 0 0 0 rg BT 232.87 605.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 267.03 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.97 605.10 Td (negative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 104.56 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.96 581.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 163.14 581.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 189.64 581.10 Td (also ) Tj ET Q q 0 0 0 rg BT 208.37 581.10 Td (af) Tj ET Q q 0 0 0 rg BT 215.96 581.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 233.57 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.52 581.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 281.01 581.10 Td (quantities.��) Tj ET Q q 0 0 0 rg BT 327.21 581.10 Td (These ) Tj ET Q q 0 0 0 rg BT 353.71 581.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 388.54 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.95 581.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 440.45 581.10 Td (af) Tj ET Q q 0 0 0 rg BT 448.04 581.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 465.65 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.60 581.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 510.49 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.12 581.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 533.23 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 91.94 569.10 Td (ef) Tj ET Q q 0 0 0 rg BT 99.53 569.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 117.52 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.86 569.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 164.07 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.86 569.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 216.75 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.19 569.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 282.75 569.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 309.63 569.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 343.74 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.08 569.10 Td (full ) Tj ET Q q 0 0 0 rg BT 376.97 569.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.09 569.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 426.31 569.10 Td (test ) Tj ET Q q 0 0 0 rg BT 443.20 569.10 Td (calculation.��For ) Tj ET Q q 0 0 0 rg BT 511.47 569.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 550.85 569.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 84.77 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 101.72 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.11 557.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 123.39 557.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 158.09 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.82 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.10 557.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 218.37 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.65 557.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 258.37 557.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 289.19 557.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 330.02 557.10 Td (would ) Tj ET Q q 0 0 0 rg BT 356.97 557.10 Td (have ) Tj ET Q q 0 0 0 rg BT 377.80 557.10 Td (lowered ) Tj ET Q q 0 0 0 rg BT 411.96 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.24 557.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 453.63 557.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.89 557.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.89 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.85 557.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 518.35 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.74 557.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 64.77 545.10 Td (property ) Tj ET Q q 0 0 0 rg BT 100.58 545.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 129.47 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.41 545.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 148.33 545.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.70 545.10 Td ($8.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.20 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.14 545.10 Td (per ) Tj ET Q q 0 0 0 rg BT 208.84 545.10 Td (BOE ) Tj ET Q q 0 0 0 rg BT 230.78 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.49 545.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 300.19 545.10 Td ($7.82 ) Tj ET Q q 0 0 0 rg BT 324.62 545.10 Td (per ) Tj ET Q q 0 0 0 rg BT 339.33 545.10 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 363.77 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.14 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.51 545.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 401.78 545.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 438.13 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.84 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.11 545.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 492.82 545.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 523.62 545.10 Td (quantities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (would ) Tj ET Q q 0 0 0 rg BT 78.48 533.10 Td (have ) Tj ET Q q 0 0 0 rg BT 101.34 533.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 143.07 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 160.38 533.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 189.27 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.25 533.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 212.22 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.98 533.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 285.72 533.10 Td ($8.56 ) Tj ET Q q 0 0 0 rg BT 312.20 533.10 Td (per ) Tj ET Q q 0 0 0 rg BT 328.95 533.10 Td (BOE.��) Tj ET Q q 0 0 0 rg BT 355.90 533.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 381.27 533.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 414.12 533.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 456.98 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.40 533.10 Td (their ) Tj ET Q q 0 0 0 rg BT 497.70 533.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 534.45 533.10 Td (values, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.08 521.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 123.57 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 136.16 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.09 521.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 186.07 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.88 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.69 521.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 249.95 521.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 279.75 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.13 521.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 341.05 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.87 521.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 399.02 521.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 443.28 521.10 Td (base ) Tj ET Q q 0 0 0 rg BT 463.64 521.10 Td (under ) Tj ET Q q 0 0 0 rg BT 489.01 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.94 521.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 531.98 521.10 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 71.44 509.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 96.70 509.10 Td (facility) Tj ET Q q 0 0 0 rg BT 124.37 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.37 509.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 177.96 509.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 219.34 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.28 509.10 Td (values ) Tj ET Q q 0 0 0 rg BT 264.33 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.16 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.99 509.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 321.26 509.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 364.85 509.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 407.90 509.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.86 485.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.11 485.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.59 485.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 175.83 485.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 200.14 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.17 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.74 485.10 Td (required ) Tj ET Q q 0 0 0 rg BT 264.42 485.10 Td (each ) Tj ET Q q 0 0 0 rg BT 285.11 485.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 315.79 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.94 485.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 360.51 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.32 485.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 396.90 485.10 Td (test ) Tj ET Q q 0 0 0 rg BT 413.15 485.10 Td (calculation.��) Tj ET Q q 0 0 0 rg BT 464.34 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 482.26 485.10 Td (net ) Tj ET Q q 0 0 0 rg BT 496.84 485.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 542.51 485.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.34 473.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.42 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.37 473.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 120.65 473.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 136.49 473.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 178.99 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.71 473.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 224.56 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.85 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.58 473.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 274.87 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.71 473.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 338.21 473.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 356.83 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.67 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.41 473.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 401.03 473.10 Td (center ) Tj ET Q q 0 0 0 rg BT 427.97 473.10 Td (ceiling.��) Tj ET Q q 0 0 0 rg BT 462.50 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.56 473.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 499.18 473.10 Td (center ) Tj ET Q q 0 0 0 rg BT 526.12 473.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 555.85 473.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.12 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.08 461.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 104.38 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.23 461.10 Td (present ) Tj ET Q q 0 0 0 rg BT 148.74 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 172.02 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.99 461.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 221.94 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 247.45 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 261.30 461.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.47 461.10 Td (from ) Tj ET Q q 0 0 0 rg BT 319.54 461.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 348.95 461.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.14 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.21 461.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 406.60 461.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 421.57 461.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 455.96 461.10 Td (before ) Tj ET Q q 0 0 0 rg BT 483.13 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 508.64 461.10 Td (abandonment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.49 449.10 Td (\(discounted ) Tj ET Q q 0 0 0 rg BT 120.14 449.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.36 449.10 Td (10%\), ) Tj ET Q q 0 0 0 rg BT 155.51 449.10 Td (based ) Tj ET Q q 0 0 0 rg BT 180.27 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.27 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.48 449.10 Td (average ) Tj ET Q q 0 0 0 rg BT 239.56 449.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 331.52 449.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.08 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.51 449.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.27 449.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 405.59 449.10 Td (price ) Tj ET Q q 0 0 0 rg BT 427.57 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.23 449.10 Td (each ) Tj ET Q q 0 0 0 rg BT 461.54 449.10 Td (month ) Tj ET Q q 0 0 0 rg BT 489.09 449.10 Td (during ) Tj ET Q q 0 0 0 rg BT 517.19 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.62 449.10 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 78.11 437.10 Td (period ) Tj ET Q q 0 0 0 rg BT 105.61 437.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 127.00 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.72 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.89 437.10 Td (end ) Tj ET Q q 0 0 0 rg BT 167.27 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.55 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.94 437.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 224.20 437.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 262.80 437.10 Td (period; ) Tj ET Q q 0 0 0 rg BT 293.07 437.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 311.69 437.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 325.30 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.47 437.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 357.52 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.80 437.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 409.73 437.10 Td (not ) Tj ET Q q 0 0 0 rg BT 424.46 437.10 Td (being ) Tj ET Q q 0 0 0 rg BT 448.63 437.10 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 493.33 437.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 511.95 437.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 525.56 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.72 437.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.80 425.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 79.88 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.17 425.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 132.46 425.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 149.31 425.10 Td (value ) Tj ET Q q 0 0 0 rg BT 173.93 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.23 425.10 Td (unproved ) Tj ET Q q 0 0 0 rg BT 225.97 425.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 268.92 425.10 Td (included ) Tj ET Q q 0 0 0 rg BT 306.33 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.07 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.26 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 355.23 425.10 Td (being ) Tj ET Q q 0 0 0 rg BT 380.41 425.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 425.86 425.10 Td (if ) Tj ET Q q 0 0 0 rg BT 434.94 425.10 Td (any; ) Tj ET Q q 0 0 0 rg BT 455.13 425.10 Td (less ) Tj ET Q q 0 0 0 rg BT 473.09 425.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 487.72 425.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.89 425.10 Td (income ) Tj ET Q q 0 0 0 rg BT 550.30 425.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 413.10 Td (fects.��Our ) Tj ET Q q 0 0 0 rg BT 101.14 413.10 Td (future ) Tj ET Q q 0 0 0 rg BT 127.15 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 141.49 413.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 179.16 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 200.73 413.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 230.62 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.31 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.87 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 289.76 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 305.22 413.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 340.11 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.44 413.10 Td (not ) Tj ET Q q 0 0 0 rg BT 369.35 413.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 403.12 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.91 413.10 Td (development ) Tj ET Q q 0 0 0 rg BT 470.69 413.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 492.82 413.10 Td (related ) Tj ET Q q 0 0 0 rg BT 522.15 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.05 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.40 413.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 401.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 91.93 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.92 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.69 401.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 169.45 401.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 183.34 399.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.59 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.92 401.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 224.01 401.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 239.67 401.10 Td (those ) Tj ET Q q 0 0 0 rg BT 263.11 401.10 Td (related ) Tj ET Q q 0 0 0 rg BT 292.64 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.74 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.29 401.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 335.73 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.39 401.10 Td (constructing ) Tj ET Q q 0 0 0 rg BT 398.15 401.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 412.04 399.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.29 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.62 401.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 458.55 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 469.21 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 483.20 401.10 Td (do ) Tj ET Q q 0 0 0 rg BT 495.53 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 510.64 401.10 Td (have ) Tj ET Q q 0 0 0 rg BT 531.84 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.95 401.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.59 389.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 115.69 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.56 389.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 161.32 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.63 389.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 207.50 389.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 221.15 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.69 389.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 269.55 389.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.98 389.10 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 326.06 389.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 371.07 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 385.83 389.10 Td (include ) Tj ET Q q 0 0 0 rg BT 418.36 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.24 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.55 389.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 474.86 389.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 494.35 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 505.77 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.31 389.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.17 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.01 377.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.87 377.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 131.54 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.17 377.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 180.69 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.66 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.62 377.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 253.56 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 267.46 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.71 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.34 377.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.98 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 325.81 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.23 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 350.12 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.37 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.01 377.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 391.40 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.47 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 422.37 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.62 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.25 377.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 466.99 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.62 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.92 377.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 534.87 377.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 377.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 92.31 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.35 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.83 365.10 Td (process ) Tj ET Q q 0 0 0 rg BT 149.08 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.68 365.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 202.49 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.08 365.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 248.11 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 260.93 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.63 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 307.66 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 323.25 365.10 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 363.33 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 381.14 365.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 397.28 365.10 Td (value ) Tj ET Q q 0 0 0 rg BT 421.20 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.79 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.39 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.21 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.91 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 506.94 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 522.53 365.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 87.67 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.41 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 111.26 353.10 Td (included ) Tj ET Q q 0 0 0 rg BT 147.77 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.63 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.92 353.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 201.20 353.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 219.66 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.07 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.80 353.10 Td (do ) Tj ET Q q 0 0 0 rg BT 255.88 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 270.73 353.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 310.57 353.10 Td (these ) Tj ET Q q 0 0 0 rg BT 333.19 353.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 371.36 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.76 353.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 416.05 353.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 464.79 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.52 353.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 524.47 353.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 565.02 353.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 341.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 86.16 341.10 Td (center ) Tj ET Q q 0 0 0 rg BT 113.08 341.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 142.79 341.10 Td (test ) Tj ET Q q 0 0 0 rg BT 159.18 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.35 341.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 205.82 341.10 Td (quarterly) Tj ET Q q 0 0 0 rg BT 241.27 341.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.27 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.59 341.10 Td (W) Tj ET Q q 0 0 0 rg BT 257.22 341.10 Td (e ) Tj ET Q q 0 0 0 rg BT 264.16 341.10 Td (did ) Tj ET Q q 0 0 0 rg BT 279.44 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 294.72 341.10 Td (record ) Tj ET Q q 0 0 0 rg BT 322.76 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 339.70 341.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 369.41 341.10 Td (test ) Tj ET Q q 0 0 0 rg BT 385.79 341.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 438.28 341.10 Td (during ) Tj ET Q q 0 0 0 rg BT 466.89 341.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 491.89 341.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 514.39 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.22 341.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 317.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.20 317.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 114.93 317.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 143.76 317.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 193.70 317.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 215.32 317.10 Td (from ) Tj ET Q q 0 0 0 rg BT 236.39 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.24 317.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 302.40 317.10 Td (base ) Tj ET Q q 0 0 0 rg BT 321.80 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.87 317.10 Td (full ) Tj ET Q q 0 0 0 rg BT 353.38 317.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 371.12 317.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 399.96 317.10 Td (test ) Tj ET Q q 0 0 0 rg BT 415.47 317.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 449.32 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.16 317.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 520.33 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.29 317.10 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.73 305.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 114.95 305.10 Td (can ) Tj ET Q q 0 0 0 rg BT 131.29 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.20 305.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 180.10 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.34 305.10 Td (such ) Tj ET Q q 0 0 0 rg BT 211.13 305.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 256.08 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.37 305.10 Td (These ) Tj ET Q q 0 0 0 rg BT 284.71 305.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 307.17 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.84 305.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 367.61 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.85 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.53 305.10 Td (full ) Tj ET Q q 0 0 0 rg BT 408.88 305.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 427.45 305.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 480.45 305.10 Td (base ) Tj ET Q q 0 0 0 rg BT 500.69 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.93 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.61 305.10 Td (course ) Tj ET Q q 0 0 0 rg BT 554.17 305.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (these ) Tj ET Q q 0 0 0 rg BT 71.69 293.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 113.31 293.10 Td (being ) Tj ET Q q 0 0 0 rg BT 137.17 293.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 182.41 293.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 207.37 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.45 293.10 Td (evaluated. ) Tj ET Q q 0 0 0 rg BT 265.90 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.18 293.10 Td (At ) Tj ET Q q 0 0 0 rg BT 278.82 293.10 Td (least ) Tj ET Q q 0 0 0 rg BT 298.79 293.10 Td (annually) Tj ET Q q 0 0 0 rg BT 332.57 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.71 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.01 293.10 Td (test ) Tj ET Q q 0 0 0 rg BT 365.54 293.10 Td (these ) Tj ET Q q 0 0 0 rg BT 387.73 293.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.70 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.00 293.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.74 293.10 Td (based ) Tj ET Q q 0 0 0 rg BT 498.15 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 509.79 293.10 Td (an ) Tj ET Q q 0 0 0 rg BT 520.87 293.10 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.13 281.10 Td (management�) Tj ET Q q 0 0 0 rg BT 114.00 281.10 Td (s ) Tj ET Q q 0 0 0 rg BT 120.20 281.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 172.48 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.12 281.10 Td (future ) Tj ET Q q 0 0 0 rg BT 209.30 281.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 242.43 281.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 286.38 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.02 281.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 319.31 281.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 362.16 281.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 389.18 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.92 281.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 439.88 281.10 Td (project ) Tj ET Q q 0 0 0 rg BT 469.95 281.10 Td (development ) Tj ET Q q 0 0 0 rg BT 523.90 281.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 565.00 281.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.16 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.14 269.10 Td (result ) Tj ET Q q 0 0 0 rg BT 94.91 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.78 269.10 Td (this ) Tj ET Q q 0 0 0 rg BT 122.78 269.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 160.04 269.10 Td (we ) Tj ET Q q 0 0 0 rg BT 174.25 269.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 220.66 269.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 273.19 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.07 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.95 269.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 350.80 269.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 373.35 269.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 406.45 269.10 Td ($18.2 ) Tj ET Q q 0 0 0 rg BT 431.49 269.10 Td (million ) Tj ET Q q 0 0 0 rg BT 462.93 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.92 269.10 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 504.96 269.10 Td (million ) Tj ET Q q 0 0 0 rg BT 536.40 269.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.64 257.10 Td (years ) Tj ET Q q 0 0 0 rg BT 86.67 257.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 112.48 257.10 Td (December ) Tj ET Q q 0 0 0 rg BT 155.49 257.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.92 257.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 191.84 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.21 257.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 232.64 257.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 280.30 257.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.73 257.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 321.08 257.10 Td (these ) Tj ET Q q 0 0 0 rg BT 343.56 257.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 365.48 257.10 Td (were ) Tj ET Q q 0 0 0 rg BT 386.84 257.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 432.07 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.78 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.92 257.10 Td (full ) Tj ET Q q 0 0 0 rg BT 471.74 257.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 489.78 257.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 542.24 257.10 Td (base. ) Tj ET Q q 0 0 0 rg BT 565.01 257.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 245.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.08 245.10 Td (did ) Tj ET Q q 0 0 0 rg BT 80.35 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 95.63 245.10 Td (record ) Tj ET Q q 0 0 0 rg BT 123.67 245.10 Td (any ) Tj ET Q q 0 0 0 rg BT 140.61 245.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 193.10 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.93 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.76 245.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 270.57 245.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 293.07 245.10 Td (during ) Tj ET Q q 0 0 0 rg BT 321.68 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.39 245.10 Td (year ) Tj ET Q q 0 0 0 rg BT 356.10 245.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.48 245.10 Td (December ) Tj ET Q q 0 0 0 rg BT 426.06 245.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 441.06 245.10 Td (2018.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 221.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 221.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 121.90 221.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 197.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.94 197.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 117.70 197.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.24 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.33 197.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 221.31 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.97 197.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 274.29 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 292.17 197.10 Td (have ) Tj ET Q q 0 0 0 rg BT 313.93 197.10 Td (already ) Tj ET Q q 0 0 0 rg BT 346.24 197.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 386.33 197.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 431.43 197.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 468.20 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.42 197.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 492.86 197.10 Td (over ) Tj ET Q q 0 0 0 rg BT 513.52 197.10 Td (many ) Tj ET Q q 0 0 0 rg BT 538.62 197.10 Td (years; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (however) Tj ET Q q 0 0 0 rg BT 83.53 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 87.62 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.98 185.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 143.53 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 162.89 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 185.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 197.72 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.97 185.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 250.87 185.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 280.23 185.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 317.07 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.32 185.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 358.56 185.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 399.01 185.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 428.37 185.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 462.71 185.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 505.39 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 524.76 185.10 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.22 173.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 132.72 173.10 Td (such ) Tj ET Q q 0 0 0 rg BT 153.79 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.87 173.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 178.76 171.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.01 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.75 173.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 222.48 173.10 Td (until ) Tj ET Q q 0 0 0 rg BT 243.56 173.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.96 173.10 Td (can ) Tj ET Q q 0 0 0 rg BT 274.58 173.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 326.19 173.10 Td (production ) Tj ET Q q 0 0 0 rg BT 372.26 173.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 410.00 173.10 Td (from ) Tj ET Q q 0 0 0 rg BT 432.18 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.13 173.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 478.75 173.10 Td (process ) Tj ET Q q 0 0 0 rg BT 511.48 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.55 173.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 550.29 173.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (field ) Tj ET Q q 0 0 0 rg BT 70.44 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 79.73 161.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 122.90 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.30 161.10 Td (an ) Tj ET Q q 0 0 0 rg BT 145.36 161.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 179.64 161.10 Td (flood.��Our ) Tj ET Q q 0 0 0 rg BT 226.42 161.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 249.04 161.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 292.75 161.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.15 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.99 161.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.88 159.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.13 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.75 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 362.03 161.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 396.86 161.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 411.14 161.10 Td (acquire\) ) Tj ET Q q 0 0 0 rg BT 446.51 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.57 161.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 488.40 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.23 161.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 549.17 161.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 149.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 126.69 149.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.19 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.02 149.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 208.35 149.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 266.39 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.33 149.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 332.21 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.15 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.43 149.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 376.37 149.10 Td (royalties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 125.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.17 125.10 Td (capitalize, ) Tj ET Q q 0 0 0 rg BT 126.56 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.48 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.51 125.10 Td (development ) Tj ET Q q 0 0 0 rg BT 198.75 125.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 219.95 125.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 257.53 125.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.12 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.49 125.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 315.30 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.88 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.05 125.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.96 125.10 Td (development ) Tj ET Q q 0 0 0 rg BT 433.21 125.10 Td (stage, ) Tj ET Q q 0 0 0 rg BT 458.84 125.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.87 125.10 Td (means ) Tj ET Q q 0 0 0 rg BT 514.01 125.10 Td (we ) Tj ET Q q 0 0 0 rg BT 528.26 125.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.73 125.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.29 113.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 84.63 113.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 134.41 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.54 113.10 Td (production ) Tj ET Q q 0 0 0 rg BT 193.44 113.10 Td (due ) Tj ET Q q 0 0 0 rg BT 210.45 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.80 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.60 113.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 249.49 111.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.74 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.31 113.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 296.77 113.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 317.39 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.40 113.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.30 113.10 Td (response\).��) Tj ET Q q 0 0 0 rg BT 415.94 113.10 Td (These ) Tj ET Q q 0 0 0 rg BT 442.39 113.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 488.27 113.10 Td (development ) Tj ET Q q 0 0 0 rg BT 542.50 113.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.03 101.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.44 101.10 Td (included ) Tj ET Q q 0 0 0 rg BT 117.84 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.59 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.89 101.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 196.17 101.10 Td (property ) Tj ET Q q 0 0 0 rg BT 233.02 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 255.99 101.10 Td (if ) Tj ET Q q 0 0 0 rg BT 265.06 101.10 Td (there ) Tj ET Q q 0 0 0 rg BT 288.02 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.20 101.10 Td (not ) Tj ET Q q 0 0 0 rg BT 318.95 101.10 Td (already ) Tj ET Q q 0 0 0 rg BT 351.34 101.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 382.08 101.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 413.92 101.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 449.65 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.40 101.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.36 101.10 Td (field.��) Tj ET Q q 0 0 0 rg BT 503.64 101.10 Td (After ) Tj ET Q q 0 0 0 rg BT 527.71 101.10 Td (we ) Tj ET Q q 0 0 0 rg BT 542.34 101.10 Td (see ) Tj ET Q q 0 0 0 rg BT 558.08 101.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (production ) Tj ET Q q 0 0 0 rg BT 94.21 89.10 Td (response ) Tj ET Q q 0 0 0 rg BT 130.58 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.74 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.34 89.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.24 87.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.48 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.87 89.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 212.13 89.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 231.56 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 89.10 Td (production ) Tj ET Q q 0 0 0 rg BT 289.87 89.10 Td (stage\), ) Tj ET Q q 0 0 0 rg BT 317.63 89.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 354.01 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 375.39 89.10 Td (will ) Tj ET Q q 0 0 0 rg BT 392.33 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.15 89.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 441.74 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.45 89.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 488.65 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.48 89.10 Td (any ) Tj ET Q q 0 0 0 rg BT 520.30 89.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.71 77.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 136.93 77.10 Td (development ) Tj ET Q q 0 0 0 rg BT 191.48 77.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 214.39 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 232.85 77.10 Td (become ) Tj ET Q q 0 0 0 rg BT 266.85 77.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 298.08 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.76 77.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 348.88 77.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 371.79 77.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 420.23 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.47 77.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 462.14 77.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 493.92 77.10 Td (reserves.��During ) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 713.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.68 713.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.68 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.37 713.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.49 713.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.49 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.67 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 159.02 713.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 206.01 713.10 Td ($19.1 ) Tj ET Q q 0 0 0 rg BT 232.19 713.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 267.27 713.10 Td ($24.5 ) Tj ET Q q 0 0 0 rg BT 293.45 713.10 Td (million ) Tj ET Q q 0 0 0 rg BT 326.03 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.15 713.10 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 370.33 713.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 405.41 713.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 453.07 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.26 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.27 713.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 503.83 713.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 542.50 713.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.09 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.37 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.20 701.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 160.57 701.10 Td (projects.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.43 677.10 Td (T) Tj ET Q q 0 0 0 rg BT 86.07 677.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 653.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.67 653.10 Td (make ) Tj ET Q q 0 0 0 rg BT 108.42 653.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 138.72 653.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 179.02 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.56 653.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 241.32 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.19 653.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 303.61 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.03 653.10 Td (income ) Tj ET Q q 0 0 0 rg BT 352.56 653.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.87 653.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 403.17 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.93 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.00 653.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 495.75 653.10 Td (purposes.��) Tj ET Q q 0 0 0 rg BT 538.62 653.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.35 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.43 641.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 150.74 641.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 175.58 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.00 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.86 641.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 247.37 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.34 641.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 288.18 641.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.04 641.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.01 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.09 641.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 385.95 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 403.58 641.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 425.10 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 447.18 641.10 Td (dif) Tj ET Q q 0 0 0 rg BT 458.11 641.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 494.05 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.47 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.33 641.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 548.08 641.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 96.87 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.03 629.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 140.51 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.78 629.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 190.81 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.30 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.35 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.62 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.43 629.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 309.92 629.10 Td (purposes.��Our ) Tj ET Q q 0 0 0 rg BT 370.35 629.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 399.93 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.20 629.10 Td (state ) Tj ET Q q 0 0 0 rg BT 436.36 629.10 Td (income ) Tj ET Q q 0 0 0 rg BT 467.62 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.67 629.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 511.27 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.30 629.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.92 617.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 102.54 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.51 617.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 134.47 617.10 Td (before ) Tj ET Q q 0 0 0 rg BT 162.65 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.51 617.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.69 617.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.31 617.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 313.16 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 328.01 617.10 Td (prepared; ) Tj ET Q q 0 0 0 rg BT 368.41 617.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 409.63 617.10 Td (we ) Tj ET Q q 0 0 0 rg BT 423.93 617.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 459.89 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.75 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.61 617.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 512.25 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.22 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 539.19 617.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.10 605.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 111.49 605.10 Td (at ) Tj ET Q q 0 0 0 rg BT 123.87 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.25 605.10 Td (end ) Tj ET Q q 0 0 0 rg BT 160.85 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.35 605.10 Td (each ) Tj ET Q q 0 0 0 rg BT 197.83 605.10 Td (period ) Tj ET Q q 0 0 0 rg BT 228.54 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.04 605.10 Td (well ) Tj ET Q q 0 0 0 rg BT 264.42 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.91 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.29 605.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.88 605.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 326.92 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.42 605.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 357.80 605.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 377.95 605.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 417.82 605.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 435.21 605.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 467.03 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.63 605.10 Td (net ) Tj ET Q q 0 0 0 rg BT 504.01 605.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 546.94 605.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (carryforwards.��) Tj ET Q q 0 0 0 rg BT 112.53 593.10 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 166.18 593.10 Td (related ) Tj ET Q q 0 0 0 rg BT 196.47 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.34 593.10 Td (these ) Tj ET Q q 0 0 0 rg BT 230.98 593.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 271.28 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.58 593.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 324.65 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.52 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.94 593.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.25 593.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 408.12 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.00 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.30 593.10 Td (period ) Tj ET Q q 0 0 0 rg BT 462.94 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.81 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.34 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 516.10 593.10 Td (finalize ) Tj ET Q q 0 0 0 rg BT 549.17 593.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 80.56 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.40 581.10 Td (returns.��Further) Tj ET Q q 0 0 0 rg BT 158.71 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.83 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.12 581.10 Td (must ) Tj ET Q q 0 0 0 rg BT 197.19 581.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 223.26 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.10 581.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 279.28 581.10 Td (that ) Tj ET Q q 0 0 0 rg BT 295.90 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.18 581.10 Td (will ) Tj ET Q q 0 0 0 rg BT 326.36 581.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.43 581.10 Td (able ) Tj ET Q q 0 0 0 rg BT 355.71 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.11 581.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 396.71 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 406.67 581.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 433.28 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.24 581.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 483.17 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.01 581.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 521.96 581.10 Td (\(primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.84 569.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 104.61 569.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 117.17 569.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 154.16 569.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 185.33 569.10 Td (business ) Tj ET Q q 0 0 0 rg BT 221.23 569.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 252.67 569.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 286.89 569.10 Td (carryforward, ) Tj ET Q q 0 0 0 rg BT 343.59 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.04 569.10 Td (state ) Tj ET Q q 0 0 0 rg BT 380.37 569.10 Td (net ) Tj ET Q q 0 0 0 rg BT 394.60 569.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 434.38 569.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 451.95 569.10 Td (carryforwards\).��If ) Tj ET Q q 0 0 0 rg BT 527.53 569.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.23 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 73.07 557.10 Td (likely) Tj ET Q q 0 0 0 rg BT 95.19 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 99.75 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 113.47 557.10 Td (must ) Tj ET Q q 0 0 0 rg BT 134.98 557.10 Td (record ) Tj ET Q q 0 0 0 rg BT 162.58 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.08 557.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 208.35 557.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 250.95 557.10 Td (against ) Tj ET Q q 0 0 0 rg BT 281.33 557.10 Td (such ) Tj ET Q q 0 0 0 rg BT 301.72 557.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 337.09 557.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 351.37 557.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 376.76 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.48 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.75 557.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.81 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 450.53 557.10 Td (would ) Tj ET Q q 0 0 0 rg BT 477.59 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.43 557.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 520.58 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.42 557.10 Td (recover) Tj ET Q q 0 0 0 rg BT 560.00 557.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.09 545.10 Td (would ) Tj ET Q q 0 0 0 rg BT 103.25 545.10 Td (result ) Tj ET Q q 0 0 0 rg BT 127.62 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.55 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.15 545.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 184.05 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.99 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.47 545.10 Td (income ) Tj ET Q q 0 0 0 rg BT 241.06 545.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.43 545.10 Td (expense.��) Tj ET Q q 0 0 0 rg BT 294.59 545.10 Td (As ) Tj ET Q q 0 0 0 rg BT 307.86 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.34 545.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 376.58 545.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 401.23 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 415.05 545.10 Td (had ) Tj ET Q q 0 0 0 rg BT 431.64 545.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 446.01 545.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 485.38 545.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 531.96 545.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td ($77.2 ) Tj ET Q q 0 0 0 rg BT 75.31 533.10 Td (million ) Tj ET Q q 0 0 0 rg BT 107.51 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.60 533.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 148.55 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.08 533.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 200.71 533.10 Td (value ) Tj ET Q q 0 0 0 rg BT 225.67 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.31 533.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 273.92 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 289.45 533.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 316.09 533.10 Td (related ) Tj ET Q q 0 0 0 rg BT 346.60 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.69 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.33 533.10 Td (disallowed ) Tj ET Q q 0 0 0 rg BT 420.96 533.10 Td (business ) Tj ET Q q 0 0 0 rg BT 458.17 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 490.91 533.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 526.43 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.17 533.10 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.85 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.10 521.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 129.97 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.34 521.10 Td (As ) Tj ET Q q 0 0 0 rg BT 146.49 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.86 521.10 Td (December ) Tj ET Q q 0 0 0 rg BT 201.99 521.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 217.53 521.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 240.56 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.04 521.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 283.58 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 298.28 521.10 Td (had ) Tj ET Q q 0 0 0 rg BT 315.76 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 331.02 521.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 371.27 521.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 418.73 521.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 452.32 521.10 Td ($51.1 ) Tj ET Q q 0 0 0 rg BT 477.86 521.10 Td (million ) Tj ET Q q 0 0 0 rg BT 509.79 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.61 521.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 550.30 521.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 84.75 509.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.34 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.60 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.86 509.10 Td (state ) Tj ET Q q 0 0 0 rg BT 154.12 509.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 189.36 509.10 Td (income ) Tj ET Q q 0 0 0 rg BT 220.72 509.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.87 509.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 262.64 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.43 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 281.91 509.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 321.05 509.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 367.41 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 384.90 509.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 414.59 509.10 Td (until ) Tj ET Q q 0 0 0 rg BT 434.86 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.01 509.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 493.14 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.40 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 529.21 509.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.44 497.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 96.82 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.76 497.10 Td (more ) Tj ET Q q 0 0 0 rg BT 133.03 497.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 157.53 497.10 Td (than ) Tj ET Q q 0 0 0 rg BT 176.47 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 190.98 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.48 497.10 Td (become ) Tj ET Q q 0 0 0 rg BT 233.30 497.10 Td (utilized.��) Tj ET Q q 0 0 0 rg BT 270.24 497.10 Td (A) Tj ET Q q 0 0 0 rg BT 276.91 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.64 497.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 293.69 497.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 328.17 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.68 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 352.73 497.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 389.45 497.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 403.40 497.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 420.11 497.10 Td (would ) Tj ET Q q 0 0 0 rg BT 446.83 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 467.44 497.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 506.92 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 521.97 497.10 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.58 485.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.45 485.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 131.30 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 143.95 485.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.36 485.10 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 224.51 485.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.40 485.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.55 485.10 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 278.70 485.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.59 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.24 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.33 485.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 347.48 485.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.37 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.02 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.33 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.19 485.10 Td (years ) Tj ET Q q 0 0 0 rg BT 431.94 485.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 458.46 485.10 Td (December ) Tj ET Q q 0 0 0 rg BT 502.20 485.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.35 485.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.35 485.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 485.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 485.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.34 473.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.34 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 91.24 473.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 138.90 473.10 Td (.��See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.24 473.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 185.08 473.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.08 473.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 194.98 473.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 226.80 473.10 Td (T) Tj ET Q q 0 0 0 rg BT 231.45 473.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.22 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 254.12 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.29 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.91 473.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 334.08 473.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 373.70 473.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 419.98 473.10 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 436.82 473.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 468.10 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.28 473.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 525.68 473.10 Td (� ) Tj ET Q q 0 0 0 rg BT 533.08 473.10 Td (Income ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 461.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.91 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.41 461.10 Td (above ) Tj ET Q q 0 0 0 rg BT 100.79 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.95 461.10 Td (further ) Tj ET Q q 0 0 0 rg BT 144.66 461.10 Td (information ) Tj ET Q q 0 0 0 rg BT 194.37 461.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 241.29 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.12 461.10 Td (income ) Tj ET Q q 0 0 0 rg BT 289.06 461.10 Td (taxes.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 69.78 437.10 Td (V) Tj ET Q q 0 0 0 rg BT 74.78 437.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 94.50 437.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.48 413.10 Td (F) Tj ET Q q 0 0 0 rg BT 91.30 413.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 114.19 413.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 146.50 413.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 163.81 413.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 191.40 413.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 238.16 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.04 413.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 293.34 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 308.44 413.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 353.53 413.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.84 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 395.93 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.80 413.10 Td (expands ) Tj ET Q q 0 0 0 rg BT 450.00 413.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 497.88 413.10 Td (about ) Tj ET Q q 0 0 0 rg BT 523.53 413.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 413.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 111.63 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.06 401.10 Td (It ) Tj ET Q q 0 0 0 rg BT 122.60 401.10 Td (does ) Tj ET Q q 0 0 0 rg BT 143.35 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 158.56 401.10 Td (require ) Tj ET Q q 0 0 0 rg BT 189.30 401.10 Td (us ) Tj ET Q q 0 0 0 rg BT 200.62 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.83 401.10 Td (make ) Tj ET Q q 0 0 0 rg BT 234.91 401.10 Td (any ) Tj ET Q q 0 0 0 rg BT 251.78 401.10 Td (new ) Tj ET Q q 0 0 0 rg BT 270.87 401.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 287.17 401.10 Td (value ) Tj ET Q q 0 0 0 rg BT 311.26 401.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 373.39 401.10 Td (but ) Tj ET Q q 0 0 0 rg BT 388.59 401.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 414.34 401.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 460.09 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.96 401.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 483.26 401.10 Td (value ) Tj ET Q q 0 0 0 rg BT 507.35 401.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 547.53 401.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 92.80 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.77 389.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 134.98 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.51 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.48 389.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 200.45 389.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 245.97 389.10 Td (used ) Tj ET Q q 0 0 0 rg BT 267.06 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.59 389.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 313.67 389.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 330.30 389.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 357.21 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.97 389.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 385.49 389.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 393.24 389.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 420.45 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 435.41 389.10 Td (given ) Tj ET Q q 0 0 0 rg BT 460.38 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.36 389.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 507.00 389.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 539.75 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 389.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.17 377.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.61 377.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 127.72 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.01 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.13 377.10 Td (they ) Tj ET Q q 0 0 0 rg BT 164.14 377.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 203.57 377.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 249.68 377.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 276.92 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.70 377.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 323.03 377.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 369.14 377.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 399.15 377.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 425.82 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.27 377.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 477.49 377.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 503.61 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 514.73 377.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.73 377.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (active ) Tj ET Q q 0 0 0 rg BT 76.06 365.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 110.41 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 121.43 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.45 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.36 365.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 186.70 365.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 208.55 365.10 Td (while ) Tj ET Q q 0 0 0 rg BT 233.46 365.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 258.91 365.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 266.60 365.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 293.74 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 308.64 365.10 Td (given ) Tj ET Q q 0 0 0 rg BT 333.54 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.45 365.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 377.25 365.10 Td (priority) Tj ET Q q 0 0 0 rg BT 406.59 365.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.79 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.81 365.10 Td (they ) Tj ET Q q 0 0 0 rg BT 442.71 365.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 482.05 365.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 538.05 365.10 Td (inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.82 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.36 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 96.47 353.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 149.88 353.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.21 353.10 Td (market ) Tj ET Q q 0 0 0 rg BT 192.30 353.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 213.79 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.95 353.10 Td (V) Tj ET Q q 0 0 0 rg BT 222.06 353.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 256.60 353.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 301.69 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.02 353.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 360.78 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.32 353.10 Td (use ) Tj ET Q q 0 0 0 rg BT 390.98 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.64 353.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 447.29 353.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 474.06 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 488.60 353.10 Td (favored. ) Tj ET Q q 0 0 0 rg BT 523.97 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.29 353.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.06 353.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (1) Tj ET Q q 0 0 0 rg BT 54.13 341.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.13 341.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 66.07 341.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 88.29 341.10 Td (V) Tj ET Q q 0 0 0 rg BT 93.29 341.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 114.95 341.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 145.13 341.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.90 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.84 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.07 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.73 341.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 265.94 341.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 307.60 341.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 355.92 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 372.02 341.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 420.91 341.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 463.66 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.44 341.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 522.53 341.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.85 341.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 113.88 305.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 133.60 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 305.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.81 305.10 Td (value ) Tj ET Q q 0 0 0 rg BT 184.97 305.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 244.67 305.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 281.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 132.44 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.27 281.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 191.87 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.70 281.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 246.30 281.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 274.91 281.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 269.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 122.98 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 147.13 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.96 269.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 206.01 269.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 248.49 269.10 Td (instruments.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 98.48 245.10 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 146.53 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.81 245.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 205.24 245.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 221.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.94 221.10 Td (test ) Tj ET Q q 0 0 0 rg BT 99.18 221.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 142.65 221.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 168.34 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.69 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.26 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.40 221.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 246.08 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.22 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 271.91 221.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 310.36 221.10 Td (full ) Tj ET Q q 0 0 0 rg BT 326.61 221.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 345.08 221.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 365.22 221.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 394.79 221.10 Td (test ) Tj ET Q q 0 0 0 rg BT 411.03 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.05 221.10 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 476.01 221.10 Td (including ) Tj ET Q q 0 0 0 rg BT 516.15 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.94 221.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.19 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.52 209.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 111.52 209.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.41 207.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.66 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.36 209.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 174.03 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.17 209.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 232.46 209.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 274.02 209.10 Td (events ) Tj ET Q q 0 0 0 rg BT 302.26 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.28 209.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 348.18 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.66 209.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 417.99 209.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 452.33 209.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.02 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.93 209.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 520.94 209.10 Td (value ) Tj ET Q q 0 0 0 rg BT 545.29 209.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.23 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.61 197.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 129.69 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.42 197.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.92 197.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 181.07 197.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.68 197.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 223.07 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.79 197.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 276.72 197.10 Td (if ) Tj ET Q q 0 0 0 rg BT 285.77 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.16 197.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 337.21 197.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 359.59 197.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 408.64 197.10 Td (test ) Tj ET Q q 0 0 0 rg BT 425.47 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.09 197.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 476.90 197.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 511.78 197.10 Td (among ) Tj ET Q q 0 0 0 rg BT 541.95 197.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 81.40 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.04 185.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 132.45 185.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 165.18 185.10 Td (change ) Tj ET Q q 0 0 0 rg BT 195.70 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.67 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.09 185.10 Td (business ) Tj ET Q q 0 0 0 rg BT 256.17 185.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 287.80 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 304.99 185.10 Td (could ) Tj ET Q q 0 0 0 rg BT 329.41 185.10 Td (af) Tj ET Q q 0 0 0 rg BT 337.00 185.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 354.18 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.59 185.10 Td (value ) Tj ET Q q 0 0 0 rg BT 392.44 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.97 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.61 185.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 452.91 185.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 477.04 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.68 185.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.09 185.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.34 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.61 173.10 Td (market ) Tj ET Q q 0 0 0 rg BT 103.44 173.10 Td (price ) Tj ET Q q 0 0 0 rg BT 125.48 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.87 173.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.37 173.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 168.87 173.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 196.76 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.26 173.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 247.53 173.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 280.12 173.10 Td (change ) Tj ET Q q 0 0 0 rg BT 310.50 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.34 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.61 173.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 361.11 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.50 173.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 403.54 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.38 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 439.88 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.38 173.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 489.54 173.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 511.04 173.10 Td (\(asset ) Tj ET Q q 0 0 0 rg BT 535.86 173.10 Td (group\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 161.10 Td (being ) Tj ET Q q 0 0 0 rg BT 83.39 161.10 Td (used ) Tj ET Q q 0 0 0 rg BT 104.23 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.06 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.34 161.10 Td (its ) Tj ET Q q 0 0 0 rg BT 137.30 161.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 173.13 161.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 215.90 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.74 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.68 161.10 Td (current-period ) Tj ET Q q 0 0 0 rg BT 293.38 161.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 333.64 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.48 161.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.75 161.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 385.58 161.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 403.65 161.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 445.59 161.10 Td (with ) Tj ET Q q 0 0 0 rg BT 465.87 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.81 161.10 Td (history ) Tj ET Q q 0 0 0 rg BT 503.09 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.93 161.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 554.20 161.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.51 149.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.08 149.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 116.21 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.78 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.46 149.10 Td (projection ) Tj ET Q q 0 0 0 rg BT 176.24 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.81 149.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 220.70 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 237.93 149.10 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 292.94 149.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 337.95 149.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 364.08 149.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.42 149.10 Td (with ) Tj ET Q q 0 0 0 rg BT 427.44 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 149.10 Td (use ) Tj ET Q q 0 0 0 rg BT 457.46 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.03 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.71 149.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 518.06 149.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 539.73 149.10 Td (\(asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (group\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.52 113.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 118.67 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 113.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 178.99 113.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 201.38 113.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 250.42 113.10 Td (test ) Tj ET Q q 0 0 0 rg BT 267.25 113.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.20 113.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 325.90 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.06 113.10 Td (net ) Tj ET Q q 0 0 0 rg BT 356.23 113.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.49 113.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 415.43 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.98 113.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 487.03 113.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 509.41 113.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 539.58 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 113.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.41 101.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.32 101.10 Td (future ) Tj ET Q q 0 0 0 rg BT 156.57 101.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 212.27 101.10 Td (net ) Tj ET Q q 0 0 0 rg BT 226.86 101.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.00 101.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.60 101.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.97 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.56 101.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 345.37 101.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.74 101.10 Td (these ) Tj ET Q q 0 0 0 rg BT 380.67 101.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 424.15 101.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.85 101.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.67 101.10 Td (include ) Tj ET Q q 0 0 0 rg BT 508.47 101.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 101.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 89.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.71 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.59 89.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 154.81 89.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.82 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 89.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.91 89.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 230.68 89.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 268.39 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.83 89.10 Td (If ) Tj ET Q q 0 0 0 rg BT 279.94 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 89.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 350.37 89.10 Td (net ) Tj ET Q q 0 0 0 rg BT 365.03 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.25 89.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 409.91 89.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.57 89.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.45 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 89.10 Td (net ) Tj ET Q q 0 0 0 rg BT 480.77 89.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 516.54 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.98 89.10 Td (for ) Tj ET Q q 0 0 0 rg BT 553.09 89.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.77 77.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 100.44 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 114.93 77.10 Td (must ) Tj ET Q q 0 0 0 rg BT 137.21 77.10 Td (record ) Tj ET Q q 0 0 0 rg BT 165.59 77.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.86 77.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.79 77.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.19 77.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.02 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.07 77.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 308.40 77.10 Td (if ) Tj ET Q q 0 0 0 rg BT 317.35 77.10 Td (any) Tj ET Q q 0 0 0 rg BT 331.14 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.47 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.30 77.10 Td (net ) Tj ET Q q 0 0 0 rg BT 369.35 77.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 405.50 77.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 428.34 77.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 458.92 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.98 77.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.69 77.10 Td (value ) Tj ET Q q 0 0 0 rg BT 515.18 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 77.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 71.90 65.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 93.74 65.10 Td (group. ) Tj ET Q q 0 0 0 rg BT 121.97 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.37 65.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 178.97 65.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 230.82 65.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 273.21 65.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 311.15 65.10 Td (future ) Tj ET Q q 0 0 0 rg BT 337.43 65.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 393.15 65.10 Td (net ) Tj ET Q q 0 0 0 rg BT 407.77 65.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 427.94 65.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 452.56 65.10 Td (include ) Tj ET Q q 0 0 0 rg BT 484.40 65.10 Td (market ) Tj ET Q q 0 0 0 rg BT 514.56 65.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 554.18 65.10 Td (of ) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.60 713.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 123.38 713.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 151.99 713.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 198.65 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.21 713.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 249.76 713.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 280.85 713.10 Td (quantities, ) Tj ET Q q 0 0 0 rg BT 324.46 713.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 371.12 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.68 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 407.79 713.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 428.89 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.45 713.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 487.50 713.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 515.85 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.51 713.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 86.93 701.10 Td (development ) Tj ET Q q 0 0 0 rg BT 141.19 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.24 701.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.62 701.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 223.73 701.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 263.54 701.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 311.14 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.19 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 346.91 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.85 701.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 371.74 699.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.99 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.10 701.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 419.91 701.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 457.50 701.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 487.32 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.26 701.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 529.74 701.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.66 689.10 Td (risk-adjustment ) Tj ET Q q 0 0 0 rg BT 131.60 689.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 161.53 689.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 193.69 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.19 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.13 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 234.08 689.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.57 689.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 282.01 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.54 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.18 689.10 Td (e ) Tj ET Q q 0 0 0 rg BT 300.34 689.10 Td (did ) Tj ET Q q 0 0 0 rg BT 315.85 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 331.35 689.10 Td (record ) Tj ET Q q 0 0 0 rg BT 359.61 689.10 Td (an ) Tj ET Q q 0 0 0 rg BT 371.77 689.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 420.60 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.65 689.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 475.48 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.53 689.10 Td (during ) Tj ET Q q 0 0 0 rg BT 530.37 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.31 689.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.88 677.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.46 677.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 134.46 677.10 Td (2019.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.11 653.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 142.81 653.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.06 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.31 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.72 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 155.34 629.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 187.52 629.10 Td (into ) Tj ET Q q 0 0 0 rg BT 205.82 629.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 219.13 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.31 629.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.82 629.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.90 629.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 325.63 629.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 364.47 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.00 629.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 408.29 629.10 Td (an ) Tj ET Q q 0 0 0 rg BT 420.48 629.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 462.10 629.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.72 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.80 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.88 629.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.73 629.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.32 617.10 Td (price ) Tj ET Q q 0 0 0 rg BT 119.58 617.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 136.85 617.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 180.22 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.27 617.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 246.41 617.10 Td (future ) Tj ET Q q 0 0 0 rg BT 272.56 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.39 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.10 617.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 332.13 617.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 347.73 617.10 Td (production ) Tj ET Q q 0 0 0 rg BT 393.33 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.04 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.09 617.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 452.91 617.10 Td (more ) Tj ET Q q 0 0 0 rg BT 475.73 617.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 512.98 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.03 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 617.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 68.94 605.10 Td (flows.��) Tj ET Q q 0 0 0 rg BT 98.48 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.12 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 113.23 605.10 Td (do ) Tj ET Q q 0 0 0 rg BT 124.90 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.34 605.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 158.79 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.79 605.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 190.46 605.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 232.11 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.76 605.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 317.10 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.43 605.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 360.42 605.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 400.14 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.81 605.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 440.59 605.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.76 605.10 Td (these ) Tj ET Q q 0 0 0 rg BT 466.98 605.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 504.74 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 525.29 605.10 Td (consisted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.06 593.10 Td (various ) Tj ET Q q 0 0 0 rg BT 91.73 593.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 147.84 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.40 593.10 Td (price ) Tj ET Q q 0 0 0 rg BT 180.61 593.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 208.67 593.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 240.05 593.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 282.26 593.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 313.64 593.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 359.73 593.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 388.91 593.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 435.00 593.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 461.67 593.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 501.65 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 521.66 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.33 593.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 547.23 593.10 Td (put, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.26 581.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 88.57 581.10 Td (swaps.��Our ) Tj ET Q q 0 0 0 rg BT 138.38 581.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 180.68 581.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.98 581.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 266.96 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.48 581.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 318.78 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.09 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.63 581.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 378.48 581.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 401.34 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.99 581.10 Td (either ) Tj ET Q q 0 0 0 rg BT 437.07 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 448.82 581.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 470.58 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.23 581.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 514.65 581.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 555.28 581.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.67 569.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 92.13 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.26 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 112.10 569.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 151.61 569.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 187.79 569.10 Td (used ) Tj ET Q q 0 0 0 rg BT 208.42 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.49 569.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 254.10 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.62 569.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.79 569.10 Td (values ) Tj ET Q q 0 0 0 rg BT 312.63 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.26 569.10 Td (these ) Tj ET Q q 0 0 0 rg BT 346.10 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 371.73 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.46 569.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 427.98 569.10 Td (require ) Tj ET Q q 0 0 0 rg BT 458.59 569.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 511.42 569.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 89.73 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.63 557.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 146.30 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.54 557.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 183.99 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.66 557.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 225.57 557.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 266.90 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.14 557.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 319.58 557.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 335.92 557.10 Td (value ) Tj ET Q q 0 0 0 rg BT 360.03 557.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 402.20 557.10 Td (such ) Tj ET Q q 0 0 0 rg BT 422.99 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.78 557.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 467.89 557.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 494.23 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 508.35 557.10 Td (commodities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.56 545.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 107.57 545.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 147.31 545.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 178.14 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.21 545.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 222.60 545.10 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 272.06 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.02 545.10 Td (well ) Tj ET Q q 0 0 0 rg BT 304.87 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.83 545.10 Td (other ) Tj ET Q q 0 0 0 rg BT 341.01 545.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 376.84 545.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 419.34 545.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 462.67 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.04 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 474.68 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 482.75 545.10 Td (do ) Tj ET Q q 0 0 0 rg BT 496.38 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.78 545.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 538.63 545.10 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.35 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.10 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.40 533.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 171.93 533.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 214.88 533.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 253.95 533.10 Td (under ) Tj ET Q q 0 0 0 rg BT 279.69 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.88 533.10 Td (F) Tj ET Q q 0 0 0 rg BT 299.70 533.10 Td (ASC ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 322.13 533.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 371.19 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.17 533.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.61 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.58 533.10 Td (topic; ) Tj ET Q q 0 0 0 rg BT 452.33 533.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 498.88 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 504.35 533.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.53 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 533.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.52 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.32 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.79 521.10 Td (these ) Tj ET Q q 0 0 0 rg BT 122.48 521.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 171.29 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.64 521.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 231.64 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.56 521.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 277.58 521.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 308.05 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.52 521.10 Td (char) Tj ET Q q 0 0 0 rg BT 335.55 521.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 355.47 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.83 521.10 Td (ef) Tj ET Q q 0 0 0 rg BT 377.42 521.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 406.76 521.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 437.79 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.71 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.40 521.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 533.08 521.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.00 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.28 509.10 Td (inef) Tj ET Q q 0 0 0 rg BT 95.64 509.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.91 509.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 155.85 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.69 509.10 Td (earnings.��) Tj ET Q q 0 0 0 rg BT 206.89 509.10 Td (While ) Tj ET Q q 0 0 0 rg BT 233.38 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 247.10 509.10 Td (may ) Tj ET Q q 0 0 0 rg BT 266.38 509.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 311.74 509.10 Td (more ) Tj ET Q q 0 0 0 rg BT 334.35 509.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 372.52 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.36 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.75 509.10 Td (net ) Tj ET Q q 0 0 0 rg BT 412.02 509.10 Td (income ) Tj ET Q q 0 0 0 rg BT 443.52 509.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 467.80 509.10 Td (than ) Tj ET Q q 0 0 0 rg BT 487.08 509.10 Td (if ) Tj ET Q q 0 0 0 rg BT 495.25 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 508.97 509.10 Td (were ) Tj ET Q q 0 0 0 rg BT 530.46 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.30 509.10 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 75.10 497.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 120.70 497.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 160.19 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.24 497.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 210.29 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.01 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.96 497.10 Td (F) Tj ET Q q 0 0 0 rg BT 240.78 497.10 Td (ASC ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 261.96 497.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 309.78 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.50 497.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.94 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.67 497.10 Td (topic, ) Tj ET Q q 0 0 0 rg BT 386.89 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.27 497.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 430.87 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 447.59 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.98 497.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 474.10 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.04 497.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 521.42 497.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 485.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 107.27 485.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 133.65 485.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 180.02 485.10 Td (do ) Tj ET Q q 0 0 0 rg BT 192.52 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.80 485.10 Td (outweigh ) Tj ET Q q 0 0 0 rg BT 247.52 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.23 485.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 283.34 485.10 Td (time ) Tj ET Q q 0 0 0 rg BT 303.62 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.55 485.10 Td (ef) Tj ET Q q 0 0 0 rg BT 328.14 485.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 345.08 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.36 485.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 387.85 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.13 485.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 434.51 485.10 Td (accounting.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 71.35 461.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 111.06 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 461.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 170.52 461.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.87 437.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.59 437.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 155.96 437.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 200.45 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.72 437.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 257.76 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.36 437.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 309.51 437.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.55 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.04 437.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 421.85 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 443.00 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.16 437.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 514.75 437.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.56 425.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 96.07 425.10 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 137.41 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.14 425.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 183.42 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.36 425.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 236.06 425.10 Td (when ) Tj ET Q q 0 0 0 rg BT 260.45 425.10 Td (it ) Tj ET Q q 0 0 0 rg BT 268.74 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 278.14 425.10 Td (both ) Tj ET Q q 0 0 0 rg BT 298.65 425.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 336.37 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.09 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.26 425.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.56 425.10 Td (has ) Tj ET Q q 0 0 0 rg BT 395.62 425.10 Td (been ) Tj ET Q q 0 0 0 rg BT 417.23 425.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 453.27 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.44 425.10 Td (such ) Tj ET Q q 0 0 0 rg BT 491.50 425.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.79 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 519.20 425.10 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (estimable. ) Tj ET Q q 0 0 0 rg BT 92.95 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 413.10 Td (Assessments ) Tj ET Q q 0 0 0 rg BT 148.74 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.70 413.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 199.54 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.38 413.10 Td (based ) Tj ET Q q 0 0 0 rg BT 239.77 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.40 413.10 Td (information ) Tj ET Q q 0 0 0 rg BT 302.24 413.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 339.31 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.37 413.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 412.87 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.94 413.10 Td (in-house ) Tj ET Q q 0 0 0 rg BT 467.01 413.10 Td (experts, ) Tj ET Q q 0 0 0 rg BT 501.01 413.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 519.20 413.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.50 401.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.50 401.10 Td (situations, ) Tj ET Q q 0 0 0 rg BT 132.56 401.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.66 401.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.89 401.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 218.93 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.59 401.10 Td (other ) Tj ET Q q 0 0 0 rg BT 258.36 401.10 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 311.66 401.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 343.60 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.33 401.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 374.21 401.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 396.44 401.10 Td (can ) Tj ET Q q 0 0 0 rg BT 412.54 401.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 432.53 401.10 Td (from ) Tj ET Q q 0 0 0 rg BT 454.20 401.10 Td (such ) Tj ET Q q 0 0 0 rg BT 474.75 401.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 514.19 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.08 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.74 401.10 Td (variety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.21 389.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 95.09 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.30 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.23 389.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.61 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.32 389.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 208.46 389.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 258.60 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.32 389.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 307.81 389.10 Td (can ) Tj ET Q q 0 0 0 rg BT 324.07 389.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 344.22 389.10 Td (from ) Tj ET Q q 0 0 0 rg BT 366.04 389.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 405.64 389.10 Td (due ) Tj ET Q q 0 0 0 rg BT 422.46 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.62 389.10 Td (new ) Tj ET Q q 0 0 0 rg BT 451.66 389.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 509.59 389.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.28 389.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 72.53 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.13 377.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 151.93 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.42 377.10 Td (each ) Tj ET Q q 0 0 0 rg BT 186.89 377.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 215.20 377.10 Td (including ) Tj ET Q q 0 0 0 rg BT 257.13 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.07 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.44 377.10 Td (case ) Tj ET Q q 0 0 0 rg BT 306.80 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.29 377.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 381.21 377.10 Td (remediation, ) Tj ET Q q 0 0 0 rg BT 435.62 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.00 377.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 482.27 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.76 377.10 Td (remediation, ) Tj ET Q q 0 0 0 rg BT 549.17 377.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 110.01 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.20 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.28 365.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 199.90 365.10 Td (impact, ) Tj ET Q q 0 0 0 rg BT 233.47 365.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 285.09 365.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 322.83 365.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 365.28 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.58 365.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 428.53 365.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 487.09 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.39 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.03 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.11 365.10 Td (case ) Tj ET Q q 0 0 0 rg BT 554.17 365.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 90.61 353.10 Td (dif) Tj ET Q q 0 0 0 rg BT 101.54 353.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 127.91 353.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 188.17 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.00 353.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 219.83 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.77 353.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 258.15 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 353.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 325.92 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.75 353.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 374.23 353.10 Td (asserted ) Tj ET Q q 0 0 0 rg BT 408.94 353.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 436.99 353.10 Td (incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 67.55 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.38 329.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.16 305.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 105.83 305.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.83 305.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 115.55 305.10 Td (Natur) Tj ET Q q 0 0 0 rg BT 138.52 305.10 Td (e ) Tj ET Q q 0 0 0 rg BT 145.19 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.19 305.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 202.42 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.64 305.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 259.64 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.64 305.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 315.04 305.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 362.81 305.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.02 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 399.74 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.75 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.19 305.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 479.19 305.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.63 305.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.60 293.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 114.77 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.60 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.43 293.10 Td (use ) Tj ET Q q 0 0 0 rg BT 157.26 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.09 293.10 Td (estimates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 269.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 142.63 269.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.16 245.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 105.83 245.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.83 245.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 115.55 245.10 Td (Natur) Tj ET Q q 0 0 0 rg BT 138.52 245.10 Td (e ) Tj ET Q q 0 0 0 rg BT 145.19 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.19 245.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 202.42 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.64 245.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 259.64 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.64 245.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 315.04 245.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 362.81 245.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.02 245.10 Td (, ) Tj ET Q q 0 0 0 rg BT 399.74 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.75 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.19 245.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 479.19 245.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.63 245.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.60 233.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 114.77 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.60 233.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 152.52 233.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 198.89 233.10 Td (pronouncements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (FOR) Tj ET Q q 0 0 0 rg BT 70.26 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 79.15 209.10 Td (ARD-LOOKING ) Tj ET Q q 0 0 0 rg BT 155.54 209.10 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 203.68 209.10 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.28 185.10 Td (data ) Tj ET Q q 0 0 0 rg BT 106.17 185.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 134.94 185.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 180.39 185.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 222.49 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.50 185.10 Td (this ) Tj ET Q q 0 0 0 rg BT 250.47 185.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 283.14 185.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 313.58 185.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.82 185.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 351.72 185.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 375.50 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.73 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.17 185.10 Td (not ) Tj ET Q q 0 0 0 rg BT 425.18 185.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 465.62 185.10 Td (facts, ) Tj ET Q q 0 0 0 rg BT 490.23 185.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 533.73 185.10 Td (but ) Tj ET Q q 0 0 0 rg BT 549.74 185.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 80.86 173.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 94.17 173.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 139.41 173.10 Td (found ) Tj ET Q q 0 0 0 rg BT 165.78 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.58 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.83 173.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 227.08 173.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 260.10 173.10 Td (�Business ) Tj ET Q q 0 0 0 rg BT 303.13 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.60 173.10 Td (Properties� ) Tj ET Q q 0 0 0 rg BT 368.62 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.09 173.10 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.53 173.10 Td (Management�) Tj ET Q q 0 0 0 rg BT 445.51 173.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.43 173.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 499.35 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.15 173.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 554.19 173.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.91 161.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 133.11 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.75 161.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 183.40 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.92 161.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.80 161.10 Td (,� ) Tj ET Q q 0 0 0 rg BT 248.94 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 264.34 161.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 333.08 161.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 380.99 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.52 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.71 161.10 Td (term ) Tj ET Q q 0 0 0 rg BT 432.23 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.10 161.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 475.29 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.26 161.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 519.46 161.10 Td (21E ) Tj ET Q q 0 0 0 rg BT 538.76 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 161.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 90.37 149.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 130.91 149.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 146.78 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.54 149.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 180.47 149.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.23 149.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 227.76 149.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 244.74 149.10 Td (�Exchange ) Tj ET Q q 0 0 0 rg BT 289.72 149.10 Td (Act�\), ) Tj ET Q q 0 0 0 rg BT 315.85 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.28 149.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 363.71 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.58 149.10 Td (number ) Tj ET Q q 0 0 0 rg BT 401.56 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.32 149.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 431.64 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.52 149.10 Td (uncertainties.��Such ) Tj ET Q q 0 0 0 rg BT 527.54 149.10 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 82.24 137.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 126.64 137.10 Td (may ) Tj ET Q q 0 0 0 rg BT 146.04 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 157.66 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.18 137.10 Td (may ) Tj ET Q q 0 0 0 rg BT 187.58 137.10 Td (concern, ) Tj ET Q q 0 0 0 rg BT 223.91 137.10 Td (among ) Tj ET Q q 0 0 0 rg BT 253.31 137.10 Td (other ) Tj ET Q q 0 0 0 rg BT 276.05 137.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 305.18 137.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.34 137.10 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 382.57 137.10 Td (future ) Tj ET Q q 0 0 0 rg BT 408.63 137.10 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 461.35 137.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 487.41 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.04 137.10 Td (their ) Tj ET Q q 0 0 0 rg BT 524.55 137.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 560.01 137.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.34 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.19 125.10 Td (future ) Tj ET Q q 0 0 0 rg BT 117.59 125.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 154.00 125.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 186.51 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 197.36 125.10 Td (their ) Tj ET Q q 0 0 0 rg BT 218.21 125.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 258.48 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.78 125.10 Td (support ) Tj ET Q q 0 0 0 rg BT 301.30 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.15 125.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 363.54 125.10 Td (future ) Tj ET Q q 0 0 0 rg BT 389.94 125.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 431.06 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.91 125.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 474.98 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.28 125.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 525.00 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.85 125.10 Td (extend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.15 113.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 106.57 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.33 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.09 113.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 174.95 113.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 229.04 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.91 113.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 290.00 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.20 113.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 322.63 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.50 113.10 Td (2022, ) Tj ET Q q 0 0 0 rg BT 364.43 113.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 399.64 113.10 Td (future ) Tj ET Q q 0 0 0 rg BT 425.95 113.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 478.37 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.13 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.12 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.99 113.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 113.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 86.96 101.10 Td (together ) Tj ET Q q 0 0 0 rg BT 121.92 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.89 101.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 193.54 101.10 Td (based ) Tj ET Q q 0 0 0 rg BT 218.50 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.70 101.10 Td (current ) Tj ET Q q 0 0 0 rg BT 261.21 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.85 101.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 317.25 101.10 Td (production ) Tj ET Q q 0 0 0 rg BT 362.77 101.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 390.79 101.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.55 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.18 101.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 435.71 101.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 461.79 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.42 101.10 Td (oilfield ) Tj ET Q q 0 0 0 rg BT 509.50 101.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 534.20 101.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.45 89.10 Td (future ) Tj ET Q q 0 0 0 rg BT 86.94 89.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 139.54 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.48 89.10 Td (estimations ) Tj ET Q q 0 0 0 rg BT 198.65 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.60 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.54 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 245.93 89.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 270.77 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.71 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.54 89.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 326.37 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.32 89.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 372.14 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.54 89.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 430.71 89.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 457.20 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 469.81 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.20 89.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 517.54 89.10 Td (availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.40 77.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 92.12 77.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 136.34 77.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 169.00 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.07 77.10 Td (price ) Tj ET Q q 0 0 0 rg BT 196.62 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.63 77.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 261.18 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.08 77.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 329.07 77.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 377.19 77.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 419.74 77.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 458.40 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 469.30 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.08 77.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 523.85 77.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.19 77.10 Td (flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 84.37 65.10 Td (therefrom, ) Tj ET Q q 0 0 0 rg BT 129.50 65.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 173.79 65.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 203.66 65.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 260.46 65.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 293.11 65.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 326.31 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 337.85 65.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 377.45 65.10 Td (including ) Tj ET Q q 0 0 0 rg BT 418.44 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.86 65.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 463.19 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.84 65.10 Td (location ) Tj ET Q q 0 0 0 rg BT 516.26 65.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 550.28 65.10 Td (the ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td (�) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management�) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 76.38 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.61 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 102.95 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 128.72 713.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 150.06 713.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 191.39 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 201.62 713.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 222.95 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.18 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.30 713.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 275.31 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.54 713.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 322.97 713.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 355.69 713.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 395.91 713.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 423.92 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.15 713.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 499.35 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.58 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 523.47 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.72 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.62 713.10 Td (flooding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.81 701.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 100.09 701.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 124.28 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.59 701.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 159.60 701.10 Td (including ) Tj ET Q q 0 0 0 rg BT 199.35 701.10 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 225.20 701.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 250.62 701.10 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 289.80 701.10 Td (\(�CCA�\), ) Tj ET Q q 0 0 0 rg BT 330.38 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.68 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.87 701.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 401.83 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.14 701.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 440.77 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.40 701.10 Td (CCA) Tj ET Q q 0 0 0 rg BT 474.41 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.39 701.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 510.57 701.10 Td (construction, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.48 689.10 Td (its ) Tj ET Q q 0 0 0 rg BT 72.58 689.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 108.01 689.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 126.77 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 137.75 689.10 Td (date ) Tj ET Q q 0 0 0 rg BT 157.06 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.04 689.10 Td (completion, ) Tj ET Q q 0 0 0 rg BT 218.18 689.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 246.95 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.93 689.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 271.82 687.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.07 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.73 689.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 319.26 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.35 689.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 362.34 689.10 Td (production ) Tj ET Q q 0 0 0 rg BT 408.31 689.10 Td (responses ) Tj ET Q q 0 0 0 rg BT 449.85 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.28 689.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 491.80 689.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 528.34 689.10 Td (projects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (development ) Tj ET Q q 0 0 0 rg BT 104.31 677.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 146.07 677.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 178.12 677.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 203.78 677.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 250.81 677.10 Td (future ) Tj ET Q q 0 0 0 rg BT 277.85 677.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 297.12 677.10 Td (savings, ) Tj ET Q q 0 0 0 rg BT 332.78 677.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 362.59 677.10 Td (budgets, ) Tj ET Q q 0 0 0 rg BT 399.36 677.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 456.39 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 467.88 677.10 Td (prediction ) Tj ET Q q 0 0 0 rg BT 511.59 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.08 677.10 Td (formation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (details, ) Tj ET Q q 0 0 0 rg BT 81.07 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 127.35 665.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 149.19 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.60 665.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 203.45 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.74 665.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 253.24 665.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 287.02 665.10 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 340.52 665.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 372.35 665.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 414.19 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.59 665.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 462.60 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 476.49 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.74 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.71 665.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 518.43 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.83 665.10 Td (supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.48 653.10 Td (their ) Tj ET Q q 0 0 0 rg BT 87.34 653.10 Td (availability) Tj ET Q q 0 0 0 rg BT 131.68 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 136.71 653.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 174.24 653.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 212.04 653.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 241.78 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.65 653.10 Td (percentages ) Tj ET Q q 0 0 0 rg BT 302.38 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.25 653.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 362.42 653.10 Td (original ) Tj ET Q q 0 0 0 rg BT 396.06 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 409.16 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.47 653.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 445.60 653.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 471.47 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.34 653.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 498.81 653.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 508.57 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.44 653.10 Td (other ) Tj ET Q q 0 0 0 rg BT 542.52 653.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 98.65 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.07 641.10 Td (likelihood, ) Tj ET Q q 0 0 0 rg BT 158.34 641.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 186.66 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.31 641.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 232.74 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.28 641.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 283.25 641.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 314.89 641.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 338.48 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.91 641.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 382.33 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.87 641.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 436.18 641.10 Td (rulings ) Tj ET Q q 0 0 0 rg BT 466.17 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.71 641.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 513.63 641.10 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 554.17 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 84.67 629.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 126.24 629.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 175.29 629.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 219.90 629.10 Td (af) Tj ET Q q 0 0 0 rg BT 227.49 629.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 258.21 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.38 629.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 286.89 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.29 629.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 320.57 629.10 Td (industry) Tj ET Q q 0 0 0 rg BT 352.70 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 358.16 629.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 418.87 629.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 468.76 629.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 534.47 629.10 Td (values, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 617.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 91.90 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.38 617.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 150.40 617.10 Td (future ) Tj ET Q q 0 0 0 rg BT 177.43 617.10 Td (drop ) Tj ET Q q 0 0 0 rg BT 198.91 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.84 617.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 255.77 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.48 617.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 304.29 617.10 Td (due ) Tj ET Q q 0 0 0 rg BT 321.88 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.81 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.18 617.10 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 396.33 617.10 Td (coronavirus, ) Tj ET Q q 0 0 0 rg BT 449.19 617.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 502.61 617.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 524.64 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.12 617.10 Td (return, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.29 605.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 113.26 605.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 146.94 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.18 605.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 180.15 605.10 Td (future ) Tj ET Q q 0 0 0 rg BT 205.50 605.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 233.62 605.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 286.18 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.09 605.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 331.33 605.10 Td (economics, ) Tj ET Q q 0 0 0 rg BT 378.06 605.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 422.30 605.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 462.64 605.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 508.27 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.96 605.10 Td (likelihood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.25 593.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 96.99 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.63 593.10 Td (an ) Tj ET Q q 0 0 0 rg BT 123.38 593.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 166.57 593.10 Td (slowdown, ) Tj ET Q q 0 0 0 rg BT 214.49 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.24 593.10 Td (other ) Tj ET Q q 0 0 0 rg BT 258.10 593.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 298.50 593.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 351.14 593.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 397.11 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.86 593.10 Td (future ) Tj ET Q q 0 0 0 rg BT 444.04 593.10 Td (plans.��Such ) Tj ET Q q 0 0 0 rg BT 496.96 593.10 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.26 581.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 134.01 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.77 581.10 Td (accompanied ) Tj ET Q q 0 0 0 rg BT 204.07 581.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.62 581.10 Td (words ) Tj ET Q q 0 0 0 rg BT 243.62 581.10 Td (such ) Tj ET Q q 0 0 0 rg BT 264.50 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.38 581.10 Td (�plan,� ) Tj ET Q q 0 0 0 rg BT 306.52 581.10 Td (�estimate,� ) Tj ET Q q 0 0 0 rg BT 353.77 581.10 Td (�expect,� ) Tj ET Q q 0 0 0 rg BT 393.79 581.10 Td (�predict,� ) Tj ET Q q 0 0 0 rg BT 435.48 581.10 Td (�forecast,� ) Tj ET Q q 0 0 0 rg BT 481.05 581.10 Td (�to ) Tj ET Q q 0 0 0 rg BT 495.82 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.70 581.10 Td (knowledge,� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (�anticipate,� ) Tj ET Q q 0 0 0 rg BT 103.06 569.10 Td (�projected,� ) Tj ET Q q 0 0 0 rg BT 154.96 569.10 Td (�preliminary) Tj ET Q q 0 0 0 rg BT 205.40 569.10 Td (,� ) Tj ET Q q 0 0 0 rg BT 215.66 569.10 Td (�should,� ) Tj ET Q q 0 0 0 rg BT 257.03 569.10 Td (�assume,� ) Tj ET Q q 0 0 0 rg BT 301.17 569.10 Td (�believe,� ) Tj ET Q q 0 0 0 rg BT 344.73 569.10 Td (�may� ) Tj ET Q q 0 0 0 rg BT 374.15 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.80 569.10 Td (other ) Tj ET Q q 0 0 0 rg BT 409.67 569.10 Td (words ) Tj ET Q q 0 0 0 rg BT 437.43 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.75 569.10 Td (convey) Tj ET Q q 0 0 0 rg BT 483.97 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 489.79 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.44 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.97 569.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 554.72 569.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (convey) Tj ET Q q 0 0 0 rg BT 77.73 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.44 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.86 557.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 147.05 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.59 557.10 Td (future ) Tj ET Q q 0 0 0 rg BT 185.67 557.10 Td (events ) Tj ET Q q 0 0 0 rg BT 214.43 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.96 557.10 Td (outcomes.��Such ) Tj ET Q q 0 0 0 rg BT 295.00 557.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 363.74 557.10 Td (information ) Tj ET Q q 0 0 0 rg BT 414.16 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 424.04 557.10 Td (based ) Tj ET Q q 0 0 0 rg BT 450.02 557.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 473.23 557.10 Td (management�) Tj ET Q q 0 0 0 rg BT 527.09 557.10 Td (s ) Tj ET Q q 0 0 0 rg BT 534.19 557.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 75.71 545.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 130.78 545.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 173.09 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.13 545.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 242.17 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.21 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.47 545.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 299.39 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.77 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.80 545.10 Td (number ) Tj ET Q q 0 0 0 rg BT 349.95 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.88 545.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 382.36 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.40 545.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 453.08 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.68 545.10 Td (could ) Tj ET Q q 0 0 0 rg BT 495.49 545.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 548.08 545.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 89.10 533.10 Td (af) Tj ET Q q 0 0 0 rg BT 96.69 533.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 112.95 533.10 Td (current ) Tj ET Q q 0 0 0 rg BT 142.55 533.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 167.44 533.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 212.59 533.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 244.70 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.19 533.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 285.59 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.20 533.10 Td (such ) Tj ET Q q 0 0 0 rg BT 314.81 533.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 344.42 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.14 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.75 533.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.01 533.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 450.07 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.79 533.10 Td (results ) Tj ET Q q 0 0 0 rg BT 493.18 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.79 533.10 Td (operations.��) Tj ET Q q 0 0 0 rg BT 551.39 533.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.75 521.10 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 113.15 521.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 139.83 521.10 Td (results ) Tj ET Q q 0 0 0 rg BT 168.75 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 188.78 521.10 Td (dif) Tj ET Q q 0 0 0 rg BT 199.71 521.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 213.62 521.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 256.96 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.21 521.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 334.51 521.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 374.53 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.67 521.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 437.93 521.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 480.17 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.76 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.90 521.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 535.27 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 548.08 521.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 117.92 509.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 163.02 509.10 Td (made ) Tj ET Q q 0 0 0 rg BT 187.56 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.45 509.10 Td (us ) Tj ET Q q 0 0 0 rg BT 212.22 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.44 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 236.33 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.54 509.10 Td (behalf.��) Tj ET Q q 0 0 0 rg BT 284.48 509.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 317.36 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.46 509.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 362.56 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.44 509.10 Td (could ) Tj ET Q q 0 0 0 rg BT 405.54 509.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 430.63 509.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 457.39 509.10 Td (results ) Tj ET Q q 0 0 0 rg BT 486.38 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.05 509.10 Td (dif) Tj ET Q q 0 0 0 rg BT 507.98 509.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 521.96 509.10 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.68 497.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 114.86 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.61 497.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 171.35 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 184.88 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 211.73 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.03 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.78 497.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 254.53 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 268.06 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 294.91 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.32 497.10 Td (consequently ) Tj ET Q q 0 0 0 rg BT 368.05 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.80 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.99 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 420.84 497.10 Td (received ) Tj ET Q q 0 0 0 rg BT 457.67 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.97 497.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 503.60 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.23 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.53 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.06 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.59 485.10 Td (gas; ) Tj ET Q q 0 0 0 rg BT 98.03 485.10 Td (evolving ) Tj ET Q q 0 0 0 rg BT 135.35 485.10 Td (political ) Tj ET Q q 0 0 0 rg BT 170.44 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.21 485.10 Td (military ) Tj ET Q q 0 0 0 rg BT 221.19 485.10 Td (tensions ) Tj ET Q q 0 0 0 rg BT 256.30 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.40 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.95 485.10 Td (Middle ) Tj ET Q q 0 0 0 rg BT 312.16 485.10 Td (East; ) Tj ET Q q 0 0 0 rg BT 334.48 485.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 374.03 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 384.68 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.79 485.10 Td (production ) Tj ET Q q 0 0 0 rg BT 440.44 485.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 466.09 485.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 493.97 485.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 524.62 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 536.94 485.10 Td (OPEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.50 473.10 Td (production ) Tj ET Q q 0 0 0 rg BT 106.50 473.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 132.50 473.10 Td (by ) Tj ET Q q 0 0 0 rg BT 145.18 473.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 165.64 473.10 Td (shale ) Tj ET Q q 0 0 0 rg BT 188.86 473.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 230.96 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.42 473.10 Td (future ) Tj ET Q q 0 0 0 rg BT 267.97 473.10 Td (periods; ) Tj ET Q q 0 0 0 rg BT 302.86 473.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 328.86 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.86 473.10 Td (future ) Tj ET Q q 0 0 0 rg BT 366.42 473.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 395.74 473.10 Td (expenditures; ) Tj ET Q q 0 0 0 rg BT 452.29 473.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 474.95 473.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 510.40 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.51 473.10 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 65.97 461.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 77.10 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 89.33 461.10 Td (international ) Tj ET Q q 0 0 0 rg BT 143.76 461.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 186.54 461.10 Td (sanctions; ) Tj ET Q q 0 0 0 rg BT 230.43 461.10 Td (ef) Tj ET Q q 0 0 0 rg BT 238.02 461.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 260.80 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.14 461.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 316.92 461.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 341.37 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.60 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.83 461.10 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 429.16 461.10 Td (success ) Tj ET Q q 0 0 0 rg BT 463.05 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.28 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.51 461.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 511.41 461.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (techniques; ) Tj ET Q q 0 0 0 rg BT 96.34 449.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 133.16 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.79 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.42 449.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 174.83 449.10 Td (estimates; ) Tj ET Q q 0 0 0 rg BT 216.12 449.10 Td (access ) Tj ET Q q 0 0 0 rg BT 242.95 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.03 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.77 449.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 291.28 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.91 449.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 324.97 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.05 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.57 449.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 396.06 449.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 429.58 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.21 449.10 Td (other ) Tj ET Q q 0 0 0 rg BT 461.05 449.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 479.57 449.10 Td (markets; ) Tj ET Q q 0 0 0 rg BT 515.30 449.10 Td (fluctuations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.20 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.34 437.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 102.14 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.40 437.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 140.21 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.58 437.10 Td (services; ) Tj ET Q q 0 0 0 rg BT 195.48 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.63 437.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 258.53 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.78 437.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 302.15 437.10 Td (results ) Tj ET Q q 0 0 0 rg BT 331.18 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.54 437.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 380.34 437.10 Td (estimates; ) Tj ET Q q 0 0 0 rg BT 423.25 437.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 463.94 437.10 Td (hazards ) Tj ET Q q 0 0 0 rg BT 497.40 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.76 437.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 76.74 425.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 121.77 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.56 425.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 180.69 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.59 425.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 239.04 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 262.95 425.10 Td (well ) Tj ET Q q 0 0 0 rg BT 284.63 425.10 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 327.70 425.10 Td (hurricanes, ) Tj ET Q q 0 0 0 rg BT 376.31 425.10 Td (tropical ) Tj ET Q q 0 0 0 rg BT 411.32 425.10 Td (storms, ) Tj ET Q q 0 0 0 rg BT 444.96 425.10 Td (forest ) Tj ET Q q 0 0 0 rg BT 472.19 425.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 496.93 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.72 425.10 Td (other ) Tj ET Q q 0 0 0 rg BT 534.74 425.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (occurrences; ) Tj ET Q q 0 0 0 rg BT 102.63 413.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 149.13 413.10 Td (risks; ) Tj ET Q q 0 0 0 rg BT 173.41 413.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 228.22 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.49 413.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 271.75 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.70 413.10 Td (its ) Tj ET Q q 0 0 0 rg BT 294.76 413.10 Td (availability; ) Tj ET Q q 0 0 0 rg BT 345.13 413.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 389.41 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.80 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.63 413.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 460.00 413.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 500.10 413.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 522.69 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.74 413.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (markets; ) Tj ET Q q 0 0 0 rg BT 86.64 401.10 Td (general ) Tj ET Q q 0 0 0 rg BT 118.77 401.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 160.34 401.10 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 207.49 401.10 Td (competition; ) Tj ET Q q 0 0 0 rg BT 260.75 401.10 Td (government ) Tj ET Q q 0 0 0 rg BT 311.21 401.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 360.85 401.10 Td (including ) Tj ET Q q 0 0 0 rg BT 401.33 401.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 436.24 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.73 401.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 461.65 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.68 401.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 533.15 401.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 554.18 401.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (regulations; ) Tj ET Q q 0 0 0 rg BT 99.08 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.90 389.10 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 163.80 389.10 Td (delays, ) Tj ET Q q 0 0 0 rg BT 194.22 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 204.92 389.10 Td (well ) Tj ET Q q 0 0 0 rg BT 224.51 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.22 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.81 389.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 271.07 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.88 389.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 341.35 389.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 376.48 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.63 389.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 399.56 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.38 389.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 432.08 389.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 463.89 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.71 389.10 Td (production ) Tj ET Q q 0 0 0 rg BT 526.40 389.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 62.10 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 81.36 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 97.84 377.10 Td (otherwise ) Tj 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641.25 Td (sheets ) Tj ET Q q 0 0 0 rg BT 306.00 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.72 641.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 354.09 641.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 397.57 641.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 415.23 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.05 641.25 Td (its ) Tj ET Q q 0 0 0 rg BT 443.88 641.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 493.48 641.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 511.41 641.25 Td (�Company�\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.24 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 70.99 629.25 Td (December ) Tj ET Q q 0 0 0 rg BT 114.48 629.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 129.40 629.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 151.81 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.66 629.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 193.58 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.43 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.06 629.25 Td (related ) Tj ET Q q 0 0 0 rg BT 254.68 629.25 Td 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BT 219.90 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.39 617.25 Td (period ) Tj ET Q q 0 0 0 rg BT 262.20 617.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 288.35 617.25 Td (December ) Tj ET Q q 0 0 0 rg BT 331.70 617.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 346.47 617.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 371.24 617.25 Td (including ) Tj ET Q q 0 0 0 rg BT 411.29 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.77 617.25 Td (related ) Tj ET Q q 0 0 0 rg BT 455.24 617.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 478.62 617.25 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 530.87 617.25 Td (referred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.50 605.25 Td (as ) Tj ET Q q 0 0 0 rg BT 70.05 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.49 605.25 Td (�consolidated ) Tj ET Q q 0 0 0 rg BT 141.69 605.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.89 605.25 Td (statements�\). ) Tj ET Q q 0 0 0 rg BT 233.59 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 235.65 605.25 Td (W) Tj ET Q q 0 0 0 rg BT 244.29 605.25 Td (e ) Tj ET Q q 0 0 0 rg BT 250.95 605.25 Td (also ) Tj ET Q q 0 0 0 rg BT 269.28 605.25 Td (have ) Tj ET Q q 0 0 0 rg BT 290.37 605.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 322.03 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.47 605.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 378.13 605.25 Td (s ) Tj ET Q q 0 0 0 rg BT 384.24 605.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 417.01 605.25 Td (control ) Tj ET Q q 0 0 0 rg BT 447.55 605.25 Td (over ) Tj ET Q q 0 0 0 rg BT 467.54 605.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.74 605.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 543.62 605.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.17 605.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (December ) Tj ET Q q 0 0 0 rg BT 92.94 593.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 107.79 593.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 132.65 593.25 Td (based ) Tj ET Q q 0 0 0 rg BT 157.77 593.25 Td (on ) Tj ET Q q 0 0 0 rg BT 170.13 593.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 200.79 593.25 Td (established ) Tj ET Q q 0 0 0 rg BT 247.58 593.25 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 257.71 593.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 292.29 593.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 315.26 593.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 325.39 593.25 Td (- ) Tj ET Q q 0 0 0 rg BT 331.07 593.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 375.08 593.25 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.74 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.10 593.25 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 453.11 593.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 480.47 593.25 Td (by ) Tj ET Q q 0 0 0 rg BT 492.82 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.40 593.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 554.19 593.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 97.56 581.25 Td (Or) Tj ET Q q 0 0 0 rg BT 107.93 581.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 155.97 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.80 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.34 581.25 Td (T) Tj ET Q q 0 0 0 rg BT 187.10 581.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 223.46 581.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 276.53 581.25 Td (\(COSO\). ) Tj ET Q q 0 0 0 rg BT 314.87 581.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.94 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.38 557.25 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 110.55 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.88 557.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 177.53 557.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.62 557.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 258.94 557.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 292.69 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.58 557.25 Td (above ) Tj ET Q q 0 0 0 rg BT 328.57 557.25 Td (present ) Tj ET Q q 0 0 0 rg BT 359.56 557.25 Td (fairly) Tj ET Q q 0 0 0 rg BT 380.56 557.25 Td (, ) Tj ET Q q 0 0 0 rg BT 385.17 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.06 557.25 Td (all ) Tj ET Q q 0 0 0 rg BT 407.17 557.25 Td (material ) Tj ET Q q 0 0 0 rg BT 442.04 557.25 Td (respects, ) Tj ET Q q 0 0 0 rg BT 478.85 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.18 557.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.27 557.25 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.74 545.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.98 545.25 Td (as ) Tj ET Q q 0 0 0 rg BT 126.66 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.34 545.25 Td (December ) Tj ET Q q 0 0 0 rg BT 180.77 545.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 195.62 545.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 217.97 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.75 545.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 259.60 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.39 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.96 545.25 Td (results ) Tj ET Q q 0 0 0 rg BT 319.41 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.09 545.25 Td (its ) Tj ET Q q 0 0 0 rg BT 341.89 545.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 385.89 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.68 545.25 Td (its ) Tj ET Q q 0 0 0 rg BT 414.48 545.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.59 545.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 459.16 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.17 545.25 Td (each ) Tj ET Q q 0 0 0 rg BT 493.84 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.51 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.08 545.25 Td (three ) Tj ET Q q 0 0 0 rg BT 541.41 545.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 58.78 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 72.50 533.25 Td (period ) Tj ET Q q 0 0 0 rg BT 99.54 533.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.92 533.25 Td (December ) Tj ET Q q 0 0 0 rg BT 167.51 533.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 181.51 533.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 203.01 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.29 533.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 258.22 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 277.50 533.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 322.87 533.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 363.80 533.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 402.51 533.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 438.98 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 448.26 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.97 533.25 Td (United ) Tj ET Q q 0 0 0 rg BT 490.69 533.25 Td (States ) Tj ET Q q 0 0 0 rg BT 516.08 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.58 533.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 565.00 533.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 71.56 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.50 521.25 Td (our ) Tj ET Q q 0 0 0 rg BT 98.99 521.25 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 135.21 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.59 521.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.64 521.25 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 242.74 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.68 521.25 Td (all ) Tj ET Q q 0 0 0 rg BT 266.84 521.25 Td (material ) Tj ET Q q 0 0 0 rg BT 302.76 521.25 Td (respects, ) Tj ET Q q 0 0 0 rg BT 340.63 521.25 Td (ef) Tj ET Q q 0 0 0 rg BT 348.22 521.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 378.59 521.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 412.29 521.25 Td (control ) Tj ET Q q 0 0 0 rg BT 443.78 521.25 Td (over ) Tj ET Q q 0 0 0 rg BT 464.71 521.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 502.86 521.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 542.68 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.17 521.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 509.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 509.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 133.08 509.25 Td (based ) Tj ET Q q 0 0 0 rg BT 158.35 509.25 Td (on ) Tj ET Q q 0 0 0 rg BT 170.85 509.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 201.66 509.25 Td (established ) Tj ET Q q 0 0 0 rg BT 248.60 509.25 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 258.88 509.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 293.59 509.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 316.56 509.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 326.84 509.25 Td (- ) Tj ET Q q 0 0 0 rg BT 332.67 509.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 376.82 509.25 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.48 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.98 509.25 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 455.14 509.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.64 509.25 Td (by ) Tj ET Q q 0 0 0 rg BT 495.14 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.86 509.25 Td (COSO.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 83.11 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 93.21 485.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 141.25 485.25 Td (Principle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.45 461.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 104.62 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.23 461.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 137.51 461.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 145.34 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.96 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.01 461.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 224.39 461.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.21 461.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 309.76 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.81 461.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.54 461.25 Td (has ) Tj ET Q q 0 0 0 rg BT 382.70 461.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 418.86 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.91 461.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 466.73 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.35 461.25 Td (which ) Tj ET Q q 0 0 0 rg BT 504.62 461.25 Td (it ) Tj ET Q q 0 0 0 rg BT 513.02 461.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 550.84 461.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 75.88 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.16 449.25 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.23 425.25 Td (for ) Tj ET Q q 0 0 0 rg BT 88.95 425.25 Td (Opinions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.41 401.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 109.07 401.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.33 401.25 Td (management ) Tj ET Q q 0 0 0 rg BT 168.78 401.25 Td (is ) Tj ET Q q 0 0 0 rg BT 177.81 401.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 225.72 401.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.74 401.25 Td (these ) Tj ET Q q 0 0 0 rg BT 262.65 401.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 315.56 401.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.90 401.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 399.97 401.25 Td (for ) Tj ET Q q 0 0 0 rg BT 414.00 401.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 464.13 401.25 Td (ef) Tj ET Q q 0 0 0 rg BT 471.71 401.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 501.28 401.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 534.18 401.25 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (over ) Tj ET Q q 0 0 0 rg BT 71.22 389.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.16 389.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 153.27 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.66 389.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.28 389.25 Td (its ) Tj ET Q q 0 0 0 rg BT 200.68 389.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 249.08 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.36 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.53 389.25 Td (ef) Tj ET Q q 0 0 0 rg BT 285.12 389.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 333.50 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.78 389.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 380.28 389.25 Td (control ) Tj ET Q q 0 0 0 rg BT 412.56 389.25 Td (over ) Tj ET Q q 0 0 0 rg BT 434.29 389.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 473.22 389.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 516.33 389.25 Td (included ) Tj ET Q q 0 0 0 rg BT 554.72 389.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (Management�) Tj ET Q q 0 0 0 rg BT 104.48 377.25 Td (s ) Tj ET Q q 0 0 0 rg BT 111.35 377.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 141.54 377.25 Td (on ) Tj ET Q q 0 0 0 rg BT 154.52 377.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 188.59 377.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 222.13 377.25 Td (over ) Tj ET Q q 0 0 0 rg BT 242.87 377.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 283.06 377.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 326.04 377.25 Td (appearing ) Tj ET Q q 0 0 0 rg BT 368.44 377.25 Td (under ) Tj ET Q q 0 0 0 rg BT 394.18 377.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 415.49 377.25 Td (9A. ) Tj ET Q q 0 0 0 rg BT 433.18 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.16 377.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 454.69 377.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 512.11 377.25 Td (is ) Tj ET Q q 0 0 0 rg BT 521.76 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.52 377.25 Td (express ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (opinions ) Tj ET Q q 0 0 0 rg BT 85.81 365.25 Td (on ) Tj ET Q q 0 0 0 rg BT 97.67 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.75 365.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 153.42 365.25 Td (s ) Tj ET Q q 0 0 0 rg BT 159.17 365.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 211.58 365.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.42 365.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 292.50 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.80 365.25 Td (on ) Tj ET Q q 0 0 0 rg BT 320.66 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.74 365.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 376.40 365.25 Td (s ) Tj ET Q q 0 0 0 rg BT 382.16 365.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 414.56 365.25 Td (control ) Tj ET Q q 0 0 0 rg BT 444.75 365.25 Td (over ) Tj ET Q q 0 0 0 rg BT 464.38 365.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.23 365.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 539.74 365.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.92 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.68 353.25 Td (audits. ) Tj ET Q q 0 0 0 rg BT 106.49 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.73 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 117.37 353.25 Td (e ) Tj ET Q q 0 0 0 rg BT 124.23 353.25 Td (are ) Tj ET Q q 0 0 0 rg BT 138.86 353.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.73 353.25 Td (public ) Tj ET Q q 0 0 0 rg BT 173.15 353.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 219.44 353.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 239.08 353.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 280.93 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 301.13 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.77 353.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 343.75 353.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.52 353.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 433.60 353.25 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 475.46 353.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 502.33 353.25 Td (\(United ) Tj ET Q q 0 0 0 rg BT 535.30 353.25 Td (States\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (\(PCAOB\) ) Tj ET Q q 0 0 0 rg BT 91.66 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.26 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 122.63 341.25 Td (required ) Tj ET Q q 0 0 0 rg BT 158.10 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.04 341.25 Td (be ) Tj ET Q q 0 0 0 rg BT 179.63 341.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 230.66 341.25 Td (with ) Tj ET Q q 0 0 0 rg BT 250.60 341.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 281.07 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.01 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.38 341.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 346.43 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.37 341.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 403.48 341.25 Td (with ) Tj ET Q q 0 0 0 rg BT 423.42 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.80 341.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 457.74 341.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 487.65 341.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 527.57 341.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 341.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 329.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 107.81 329.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 129.74 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.68 329.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 193.62 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.45 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.16 329.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 261.10 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.04 329.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 319.96 329.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 373.03 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.96 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.68 329.25 Td (PCAOB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 305.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.04 305.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 108.59 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.38 305.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 150.73 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.96 305.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 208.39 305.25 Td (with ) Tj ET Q q 0 0 0 rg BT 228.62 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.30 305.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 283.53 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.32 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.00 305.25 Td (PCAOB. ) Tj ET Q q 0 0 0 rg BT 347.30 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.58 305.25 Td (Those ) Tj ET Q q 0 0 0 rg BT 376.48 305.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 416.71 305.25 Td (require ) Tj ET Q q 0 0 0 rg BT 447.48 305.25 Td (that ) Tj ET Q q 0 0 0 rg BT 464.94 305.25 Td (we ) Tj ET Q q 0 0 0 rg BT 479.06 305.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 498.74 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.64 305.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 550.30 305.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 74.89 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 84.17 293.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 110.67 293.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 154.93 293.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 195.30 293.25 Td (about ) Tj ET Q q 0 0 0 rg BT 219.02 293.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 252.73 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.45 293.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 318.49 293.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.97 293.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 398.69 293.25 Td (are ) Tj ET Q q 0 0 0 rg BT 412.40 293.25 Td (free ) Tj ET Q q 0 0 0 rg BT 429.44 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.27 293.25 Td (material ) Tj ET Q q 0 0 0 rg BT 473.53 293.25 Td (misstatement, ) Tj ET Q q 0 0 0 rg BT 530.30 293.25 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (due ) Tj ET Q q 0 0 0 rg BT 66.44 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 281.25 Td (error ) Tj ET Q q 0 0 0 rg BT 98.65 281.25 Td (or ) Tj ET Q q 0 0 0 rg BT 109.48 281.25 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 135.57 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.51 281.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 187.22 281.25 Td (ef) Tj ET Q q 0 0 0 rg BT 194.81 281.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 224.51 281.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 257.55 281.25 Td (control ) Tj ET Q q 0 0 0 rg BT 288.38 281.25 Td (over ) Tj ET Q q 0 0 0 rg BT 308.65 281.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.13 281.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 385.28 281.25 Td (was ) Tj ET Q q 0 0 0 rg BT 403.33 281.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 450.26 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.54 281.25 Td (all ) Tj ET Q q 0 0 0 rg BT 473.04 281.25 Td (material ) Tj ET Q q 0 0 0 rg BT 508.29 281.25 Td (respects. ) Tj ET Q q 0 0 0 rg BT 545.50 281.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.85 257.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 94.54 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.67 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.69 257.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 174.03 257.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.81 257.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 256.82 257.25 Td (included ) Tj ET Q q 0 0 0 rg BT 294.06 257.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 341.84 257.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 388.51 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.09 257.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 426.33 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.35 257.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 463.04 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.17 257.25 Td (material ) Tj ET Q q 0 0 0 rg BT 509.73 257.25 Td (misstatement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.95 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.29 245.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 129.96 245.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.07 245.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 215.90 245.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 251.23 245.25 Td (due ) Tj ET Q q 0 0 0 rg BT 268.79 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.70 245.25 Td (error ) Tj ET Q q 0 0 0 rg BT 302.25 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.70 245.25 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 340.43 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.99 245.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 406.10 245.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 453.09 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 471.21 245.25 Td (respond ) Tj ET Q q 0 0 0 rg BT 505.99 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.90 245.25 Td (those ) Tj ET Q q 0 0 0 rg BT 541.13 245.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 565.02 245.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.55 233.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 117.46 233.25 Td (included ) Tj ET Q q 0 0 0 rg BT 153.95 233.25 Td (examining, ) Tj ET Q q 0 0 0 rg BT 200.71 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 212.75 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 219.24 233.25 Td (test ) Tj ET Q q 0 0 0 rg BT 235.18 233.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 259.72 233.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 297.31 233.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 337.67 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.93 233.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 387.87 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.36 233.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 450.84 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.67 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.93 233.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 233.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.94 221.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.68 221.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 117.96 221.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 144.58 221.25 Td (also ) Tj ET Q q 0 0 0 rg BT 163.42 221.25 Td (included ) Tj ET Q q 0 0 0 rg BT 200.58 221.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 244.97 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.92 221.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 306.52 221.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 348.68 221.25 Td (used ) Tj ET Q q 0 0 0 rg BT 369.75 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.92 221.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 431.86 221.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 471.80 221.25 Td (made ) Tj ET Q q 0 0 0 rg BT 496.19 221.25 Td (by ) Tj ET Q q 0 0 0 rg BT 508.92 221.25 Td (management, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.06 209.25 Td (well ) Tj ET Q q 0 0 0 rg BT 79.50 209.25 Td (as ) Tj ET Q q 0 0 0 rg BT 90.06 209.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 133.94 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.39 209.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 178.38 209.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 229.48 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.04 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.49 209.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 307.26 209.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.47 209.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 391.41 209.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.64 209.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 411.42 209.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 433.64 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.20 209.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 476.97 209.25 Td (control ) Tj ET Q q 0 0 0 rg BT 507.53 209.25 Td (over ) Tj ET Q q 0 0 0 rg BT 527.52 209.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 87.57 197.25 Td (included ) Tj ET Q q 0 0 0 rg BT 123.41 197.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 162.60 197.25 Td (an ) Tj ET Q q 0 0 0 rg BT 173.45 197.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 231.51 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.25 197.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 273.21 197.25 Td (control ) Tj ET Q q 0 0 0 rg BT 302.94 197.25 Td (over ) Tj ET Q q 0 0 0 rg BT 322.12 197.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.51 197.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 399.08 197.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 437.71 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.34 197.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 467.75 197.25 Td (that ) Tj ET Q q 0 0 0 rg BT 484.16 197.25 Td (a ) Tj ET Q q 0 0 0 rg BT 490.01 197.25 Td (material ) Tj ET Q q 0 0 0 rg BT 524.18 197.25 Td (weakness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 77.03 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.72 185.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 122.63 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.32 185.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 183.22 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.69 185.25 Td (design ) Tj ET Q q 0 0 0 rg BT 226.05 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.73 185.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 282.75 185.25 Td (ef) Tj ET Q q 0 0 0 rg BT 290.34 185.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 337.01 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.59 185.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 380.38 185.25 Td (control ) Tj ET Q q 0 0 0 rg BT 410.96 185.25 Td (based ) Tj ET Q q 0 0 0 rg BT 435.98 185.25 Td (on ) Tj ET Q q 0 0 0 rg BT 448.23 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.69 185.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 498.82 185.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 518.57 185.25 Td ( ) Tj ET Q q 0 0 0 rg BT 520.82 185.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 538.63 185.25 Td (audits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (also ) Tj ET Q q 0 0 0 rg BT 67.21 173.25 Td (included ) Tj ET Q q 0 0 0 rg BT 103.25 173.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 149.83 173.25 Td (such ) Tj ET Q q 0 0 0 rg BT 169.76 173.25 Td (other ) Tj ET Q q 0 0 0 rg BT 191.91 173.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 237.38 173.25 Td (as ) Tj ET Q q 0 0 0 rg BT 247.31 173.25 Td (we ) Tj ET Q q 0 0 0 rg BT 260.57 173.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 305.49 173.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 345.96 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 355.34 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.16 173.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 429.78 173.25 Td (W) Tj ET Q q 0 0 0 rg BT 438.42 173.25 Td (e ) Tj ET Q q 0 0 0 rg BT 444.46 173.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 474.94 173.25 Td (that ) Tj ET Q q 0 0 0 rg BT 491.53 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 506.46 173.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 531.95 173.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 161.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 101.69 161.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 124.19 161.25 Td (for ) Tj ET Q q 0 0 0 rg BT 138.35 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 154.18 161.25 Td (opinions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (Definition ) Tj ET Q q 0 0 0 rg BT 94.23 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.29 137.25 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 162.02 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.85 137.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 209.25 137.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 243.43 137.25 Td (over ) Tj ET Q q 0 0 0 rg BT 263.70 137.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 306.77 137.25 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 57.86 113.25 Td (company�) Tj ET Q q 0 0 0 rg BT 97.29 113.25 Td (s ) Tj ET Q q 0 0 0 rg BT 102.88 113.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 135.11 113.25 Td (control ) Tj ET Q q 0 0 0 rg BT 165.13 113.25 Td (over ) Tj ET Q q 0 0 0 rg BT 184.59 113.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.26 113.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 259.60 113.25 Td (is ) Tj ET Q q 0 0 0 rg BT 267.96 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 274.09 113.25 Td (process ) Tj ET Q q 0 0 0 rg BT 305.77 113.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 343.01 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.48 113.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.72 113.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 429.16 113.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 469.72 113.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 509.73 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.64 113.25 Td (reliability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.16 101.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.46 101.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.45 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.21 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.75 101.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 221.61 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.27 101.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.58 101.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.12 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 332.10 101.25 Td (external ) Tj ET Q q 0 0 0 rg BT 367.63 101.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 406.51 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.61 101.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 465.90 101.25 Td (with ) Tj ET Q q 0 0 0 rg BT 487.01 101.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.54 101.25 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.30 89.25 Td (principles. ) Tj ET Q q 0 0 0 rg BT 139.16 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 140.66 89.25 Td (A) Tj ET Q q 0 0 0 rg BT 147.33 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 149.26 89.25 Td (company�) Tj ET Q q 0 0 0 rg BT 188.69 89.25 Td (s ) Tj ET Q q 0 0 0 rg BT 194.51 89.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 226.98 89.25 Td (control ) Tj ET Q q 0 0 0 rg BT 257.23 89.25 Td (over ) Tj ET Q q 0 0 0 rg BT 276.92 89.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.83 89.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 352.41 89.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 387.66 89.25 Td (those ) Tj ET Q q 0 0 0 rg BT 410.70 89.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 443.73 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.09 89.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 505.88 89.25 Td (that ) Tj ET Q q 0 0 0 rg BT 522.81 89.25 Td (\(i\)�pertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.55 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.04 77.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 126.84 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.44 77.25 Td (records ) Tj ET Q q 0 0 0 rg BT 169.15 77.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 188.91 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 198.97 77.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 243.99 77.25 Td (detail, ) Tj ET Q q 0 0 0 rg BT 270.98 77.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 314.33 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.04 77.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 354.97 77.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.77 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.26 77.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 447.30 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.01 77.25 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 514.07 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.68 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.17 77.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.72 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.83 65.25 Td (company; ) Tj ET Q q 0 0 0 rg BT 118.16 65.25 Td (\(ii\)�provide ) Tj ET Q q 0 0 0 rg BT 166.31 65.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 211.96 65.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 253.72 65.25 Td (that ) Tj ET Q q 0 0 0 rg BT 271.60 65.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 322.26 65.25 Td (are ) Tj ET Q q 0 0 0 rg BT 337.36 65.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 375.23 65.25 Td (as ) Tj ET Q q 0 0 0 rg BT 386.45 65.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 428.21 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.88 65.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 467.88 65.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 516.30 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 65.25 Td (financial ) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.64 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.34 713.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 153.23 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 173.94 713.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.07 713.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 251.97 713.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 298.77 713.10 Td (principles, ) Tj ET Q q 0 0 0 rg BT 343.63 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.99 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.91 713.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 412.94 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.30 713.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 484.32 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.58 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.72 713.10 Td (company ) Tj ET Q q 0 0 0 rg BT 550.31 713.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (being ) Tj ET Q q 0 0 0 rg BT 74.85 701.10 Td (made ) Tj ET Q q 0 0 0 rg BT 99.64 701.10 Td (only ) Tj ET Q q 0 0 0 rg BT 120.55 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.46 701.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 179.56 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.47 701.10 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 260.25 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.72 701.10 Td (management ) Tj ET Q q 0 0 0 rg BT 325.94 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.51 701.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 381.63 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.10 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.45 701.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 451.01 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.59 701.10 Td (\(iii\)�provide ) Tj ET Q q 0 0 0 rg BT 519.76 701.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 91.20 689.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 132.35 689.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 177.95 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.11 689.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 217.50 689.10 Td (detection ) Tj ET Q q 0 0 0 rg BT 256.99 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.15 689.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 323.19 689.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 372.40 689.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 391.07 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.23 689.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 448.96 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.13 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.18 689.10 Td (company�) Tj ET Q q 0 0 0 rg BT 514.61 689.10 Td (s ) Tj ET Q q 0 0 0 rg BT 521.34 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.50 689.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 677.10 Td (have ) Tj ET Q q 0 0 0 rg BT 95.59 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.53 677.10 Td (material ) Tj ET Q q 0 0 0 rg BT 137.79 677.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.38 677.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 162.86 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.36 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.08 677.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.56 677.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 86.56 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.64 653.10 Td (its ) Tj ET Q q 0 0 0 rg BT 111.83 653.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 148.34 653.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 197.37 653.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 231.66 653.10 Td (control ) Tj ET Q q 0 0 0 rg BT 263.73 653.10 Td (over ) Tj ET Q q 0 0 0 rg BT 285.24 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 323.97 653.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 364.37 653.10 Td (may ) Tj ET Q q 0 0 0 rg BT 385.34 653.10 Td (not ) Tj ET Q q 0 0 0 rg BT 401.86 653.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 435.59 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 447.67 653.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 475.29 653.10 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 538.20 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 541.11 653.10 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 95.87 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 641.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.50 641.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.08 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.35 641.10 Td (ef) Tj ET Q q 0 0 0 rg BT 183.93 641.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.29 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.00 641.10 Td (future ) Tj ET Q q 0 0 0 rg BT 265.81 641.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.18 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.32 641.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.58 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.29 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 641.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.37 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.30 641.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.45 641.10 Td (may ) Tj ET Q q 0 0 0 rg BT 452.60 641.10 Td (become ) Tj ET Q q 0 0 0 rg BT 485.63 641.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.87 641.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 629.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.04 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.32 629.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 151.98 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.81 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.31 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.02 629.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.17 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.00 629.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 283.59 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 303.87 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.58 629.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.19 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 629.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.38 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.10 629.10 Td (deteriorate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 82.74 605.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 108.03 605.10 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.46 580.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 99.63 580.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 123.04 580.60 Td (matter ) Tj ET Q q 0 0 0 rg BT 151.99 580.60 Td (communicated ) Tj ET Q q 0 0 0 rg BT 214.27 580.60 Td (below ) Tj ET Q q 0 0 0 rg BT 242.12 580.60 Td (is ) Tj ET Q q 0 0 0 rg BT 252.20 580.60 Td (a ) Tj ET Q q 0 0 0 rg BT 260.05 580.60 Td (matter ) Tj ET Q q 0 0 0 rg BT 289.01 580.60 Td (arising ) Tj ET Q q 0 0 0 rg BT 319.64 580.60 Td (from ) Tj ET Q q 0 0 0 rg BT 342.49 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.12 580.60 Td (current ) Tj ET Q q 0 0 0 rg BT 389.84 580.60 Td (period ) Tj ET Q q 0 0 0 rg BT 418.80 580.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 442.21 580.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.95 580.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.58 580.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 523.54 580.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.94 568.60 Td (that ) Tj ET Q q 0 0 0 rg BT 113.17 568.60 Td (was ) Tj ET Q q 0 0 0 rg BT 131.95 568.60 Td (communicated ) Tj ET Q q 0 0 0 rg BT 194.05 568.60 Td (or ) Tj ET Q q 0 0 0 rg BT 205.61 568.60 Td (required ) Tj ET Q q 0 0 0 rg BT 242.16 568.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.17 568.60 Td (be ) Tj ET Q q 0 0 0 rg BT 265.84 568.60 Td (communicated ) Tj ET Q q 0 0 0 rg BT 327.94 568.60 Td (to ) Tj ET Q q 0 0 0 rg BT 338.95 568.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.40 568.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 377.62 568.60 Td (committee ) Tj ET Q q 0 0 0 rg BT 423.06 568.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.73 568.60 Td (that ) Tj ET Q q 0 0 0 rg BT 458.96 568.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 471.63 568.60 Td (relates ) Tj ET Q q 0 0 0 rg BT 500.95 568.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.96 568.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 550.18 568.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 96.53 556.60 Td (that ) Tj ET Q q 0 0 0 rg BT 114.11 556.60 Td (are ) Tj ET Q q 0 0 0 rg BT 128.90 556.60 Td (material ) Tj ET Q q 0 0 0 rg BT 164.25 556.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.61 556.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.42 556.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 242.54 556.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.11 556.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 324.91 556.60 Td (and ) Tj ET Q q 0 0 0 rg BT 341.94 556.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 356.74 556.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 394.32 556.60 Td (our ) Tj ET Q q 0 0 0 rg BT 410.24 556.60 Td (especially ) Tj ET Q q 0 0 0 rg BT 452.81 556.60 Td (challenging, ) Tj ET Q q 0 0 0 rg BT 504.54 556.60 Td (subjective, ) Tj ET Q q 0 0 0 rg BT 550.17 556.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 87.25 544.60 Td (judgments. ) Tj ET Q q 0 0 0 rg BT 134.73 544.60 Td ( ) Tj ET Q q 0 0 0 rg BT 137.80 544.60 Td (The ) Tj ET Q q 0 0 0 rg BT 156.66 544.60 Td (communication ) Tj ET Q q 0 0 0 rg BT 222.19 544.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.83 544.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 264.90 544.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 288.21 544.60 Td (matters ) Tj ET Q q 0 0 0 rg BT 320.96 544.60 Td (does ) Tj ET Q q 0 0 0 rg BT 342.60 544.60 Td (not ) Tj ET Q q 0 0 0 rg BT 358.70 544.60 Td (alter ) Tj ET Q q 0 0 0 rg BT 379.78 544.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.87 544.60 Td (any ) Tj ET Q q 0 0 0 rg BT 408.62 544.60 Td (way ) Tj ET Q q 0 0 0 rg BT 428.60 544.60 Td (our ) Tj ET Q q 0 0 0 rg BT 445.24 544.60 Td (opinion ) Tj ET Q q 0 0 0 rg BT 479.11 544.60 Td (on ) Tj ET Q q 0 0 0 rg BT 492.43 544.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.96 544.60 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.34 532.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 134.91 532.60 Td (taken ) Tj ET Q q 0 0 0 rg BT 159.42 532.60 Td (as ) Tj ET Q q 0 0 0 rg BT 170.60 532.60 Td (a ) Tj ET Q q 0 0 0 rg BT 177.90 532.60 Td (whole, ) Tj ET Q q 0 0 0 rg BT 207.69 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.99 532.60 Td (we ) Tj ET Q q 0 0 0 rg BT 239.50 532.60 Td (are ) Tj ET Q q 0 0 0 rg BT 254.57 532.60 Td (not, ) Tj ET Q q 0 0 0 rg BT 272.70 532.60 Td (by ) Tj ET Q q 0 0 0 rg BT 285.56 532.60 Td (communicating ) Tj ET Q q 0 0 0 rg BT 350.62 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.70 532.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 396.31 532.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 419.16 532.60 Td (matter ) Tj ET Q q 0 0 0 rg BT 447.56 532.60 Td (below) Tj ET Q q 0 0 0 rg BT 471.35 532.60 Td (, ) Tj ET Q q 0 0 0 rg BT 476.71 532.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 518.45 532.60 Td (a ) Tj ET Q q 0 0 0 rg BT 525.75 532.60 Td (separate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.60 Td (opinion ) Tj ET Q q 0 0 0 rg BT 82.56 520.60 Td (on ) Tj ET Q q 0 0 0 rg BT 95.06 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.77 520.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 140.03 520.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 162.53 520.60 Td (matter ) Tj ET Q q 0 0 0 rg BT 190.57 520.60 Td (or ) Tj ET Q q 0 0 0 rg BT 201.40 520.60 Td (on ) Tj ET Q q 0 0 0 rg BT 213.90 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.62 520.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 266.10 520.60 Td (or ) Tj ET Q q 0 0 0 rg BT 276.93 520.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 323.87 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 334.15 520.60 Td (which ) Tj ET Q q 0 0 0 rg BT 361.09 520.60 Td (it ) Tj ET Q q 0 0 0 rg BT 369.14 520.60 Td (relates.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.00 496.10 Td (Impact ) Tj ET Q q 0 0 0 rg BT 97.27 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.55 496.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 117.18 496.10 Td (oved ) Tj ET Q q 0 0 0 rg BT 138.55 496.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 153.83 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.33 496.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 204.95 496.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 223.56 496.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 261.60 496.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.10 496.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 290.49 496.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 300.12 496.10 Td (oved ) Tj ET Q q 0 0 0 rg BT 321.49 496.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 336.77 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.27 496.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 387.89 496.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 406.50 496.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 416.13 496.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.19 472.00 Td (Company�) Tj ET Q q 0 0 0 rg BT 108.86 472.00 Td (s ) Tj ET Q q 0 0 0 rg BT 114.89 472.00 Td (net ) Tj ET Q q 0 0 0 rg BT 129.26 472.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 171.39 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 187.97 472.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 232.33 472.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 265.00 472.00 Td (was ) Tj ET Q q 0 0 0 rg BT 282.70 472.00 Td ($4.4 ) Tj ET Q q 0 0 0 rg BT 302.35 472.00 Td (billion ) Tj ET Q q 0 0 0 rg BT 330.60 472.00 Td (as ) Tj ET Q q 0 0 0 rg BT 341.08 472.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.55 472.00 Td (December ) Tj ET Q q 0 0 0 rg BT 394.78 472.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.43 472.00 Td (2019, ) Tj ET Q q 0 0 0 rg BT 434.07 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 450.66 472.00 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 504.72 472.00 Td (depletion ) Tj ET Q q 0 0 0 rg BT 544.08 472.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.77 460.00 Td (\(DD&A\) ) Tj ET Q q 0 0 0 rg BT 141.61 460.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 176.55 460.00 Td (for ) Tj ET Q q 0 0 0 rg BT 190.94 460.00 Td (the ) Tj ET Q q 0 0 0 rg BT 205.89 460.00 Td (year ) Tj ET Q q 0 0 0 rg BT 225.83 460.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 252.44 460.00 Td (December ) Tj ET Q q 0 0 0 rg BT 296.26 460.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 311.49 460.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 334.23 460.00 Td (was ) Tj ET Q q 0 0 0 rg BT 352.51 460.00 Td ($234 ) Tj ET Q q 0 0 0 rg BT 375.25 460.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 409.37 460.00 Td (both ) Tj ET Q q 0 0 0 rg BT 429.88 460.00 Td (of ) Tj ET Q q 0 0 0 rg BT 440.95 460.00 Td (which ) Tj ET Q q 0 0 0 rg BT 468.12 460.00 Td (include ) Tj ET Q q 0 0 0 rg BT 500.28 460.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 530.79 460.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 544.08 460.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.43 448.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.92 448.00 Td (properties. ) Tj ET Q q 0 0 0 rg BT 139.57 448.00 Td ( ) Tj ET Q q 0 0 0 rg BT 141.25 448.00 Td (As ) Tj ET Q q 0 0 0 rg BT 154.53 448.00 Td (described ) Tj ET Q q 0 0 0 rg BT 195.00 448.00 Td (in ) Tj ET Q q 0 0 0 rg BT 204.94 448.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 226.54 448.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 236.21 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.58 448.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.63 448.00 Td (follows ) Tj ET Q q 0 0 0 rg BT 323.80 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.17 448.00 Td (full ) Tj ET Q q 0 0 0 rg BT 354.22 448.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 372.49 448.00 Td (method ) Tj ET Q q 0 0 0 rg BT 404.65 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 415.14 448.00 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 463.68 448.00 Td (under ) Tj ET Q q 0 0 0 rg BT 488.61 448.00 Td (which ) Tj ET Q q 0 0 0 rg BT 515.21 448.00 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 75.03 436.00 Td (including ) Tj ET Q q 0 0 0 rg BT 115.84 436.00 Td (production ) Tj ET Q q 0 0 0 rg BT 162.20 436.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 207.45 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 224.92 436.00 Td (future ) Tj ET Q q 0 0 0 rg BT 251.83 436.00 Td (development ) Tj ET Q q 0 0 0 rg BT 306.52 436.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 332.05 436.00 Td (are ) Tj ET Q q 0 0 0 rg BT 347.30 436.00 Td (depleted ) Tj ET Q q 0 0 0 rg BT 384.20 436.00 Td (or ) Tj ET Q q 0 0 0 rg BT 395.57 436.00 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 444.68 436.00 Td (using ) Tj ET Q q 0 0 0 rg BT 469.39 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.64 436.00 Td (unit-of-production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.00 Td (method ) Tj ET Q q 0 0 0 rg BT 80.78 424.00 Td (based ) Tj ET Q q 0 0 0 rg BT 104.83 424.00 Td (on ) Tj ET Q q 0 0 0 rg BT 116.12 424.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 145.17 424.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 157.02 424.00 Td (and ) Tj ET Q q 0 0 0 rg BT 172.74 424.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 201.79 424.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 216.41 424.00 Td (reserves ) Tj ET Q q 0 0 0 rg BT 250.45 424.00 Td (as ) Tj ET Q q 0 0 0 rg BT 260.07 424.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 306.33 424.00 Td (by ) Tj ET Q q 0 0 0 rg BT 317.62 424.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 367.78 424.00 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 409.60 424.00 Td (engineers ) Tj ET Q q 0 0 0 rg BT 449.20 424.00 Td (\(management�) Tj ET Q q 0 0 0 rg BT 506.40 424.00 Td (s ) Tj ET Q q 0 0 0 rg BT 511.58 424.00 Td (specialists\). ) Tj ET Q q 0 0 0 rg BT 561.01 424.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.00 Td (As ) Tj ET Q q 0 0 0 rg BT 63.37 412.00 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 103.35 412.00 Td (by ) Tj ET Q q 0 0 0 rg BT 116.11 412.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 172.46 412.00 Td (on ) Tj ET Q q 0 0 0 rg BT 185.23 412.00 Td (a ) Tj ET Q q 0 0 0 rg BT 192.42 412.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 231.28 412.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 256.54 412.00 Td (management ) Tj ET Q q 0 0 0 rg BT 310.39 412.00 Td (performs ) Tj ET Q q 0 0 0 rg BT 349.25 412.00 Td (a ) Tj ET Q q 0 0 0 rg BT 356.45 412.00 Td (full ) Tj ET Q q 0 0 0 rg BT 373.10 412.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 391.97 412.00 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 421.94 412.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 470.80 412.00 Td (test ) Tj ET Q q 0 0 0 rg BT 487.45 412.00 Td (on ) Tj ET Q q 0 0 0 rg BT 500.21 412.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 530.74 412.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 544.06 412.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 78.98 400.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.02 400.00 Td (properties. ) Tj ET Q q 0 0 0 rg BT 138.23 400.00 Td ( ) Tj ET Q q 0 0 0 rg BT 139.94 400.00 Td (In ) Tj ET Q q 0 0 0 rg BT 149.99 400.00 Td (2019, ) Tj ET Q q 0 0 0 rg BT 174.20 400.00 Td (the ) Tj ET Q q 0 0 0 rg BT 188.13 400.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.74 400.00 Td (did ) Tj ET Q q 0 0 0 rg BT 243.23 400.00 Td (not ) Tj ET Q q 0 0 0 rg BT 257.72 400.00 Td (have ) Tj ET Q q 0 0 0 rg BT 278.31 400.00 Td (any ) Tj ET Q q 0 0 0 rg BT 294.47 400.00 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 323.40 400.00 Td (test ) Tj ET Q q 0 0 0 rg BT 339.00 400.00 Td (impairments ) Tj ET Q q 0 0 0 rg BT 390.70 400.00 Td (on ) Tj ET Q q 0 0 0 rg BT 402.42 400.00 Td (its ) Tj ET Q q 0 0 0 rg BT 413.58 400.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 443.07 400.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 455.34 400.00 Td (and ) Tj ET Q q 0 0 0 rg BT 471.49 400.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 500.97 400.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 516.02 400.00 Td (properties. ) Tj ET Q q 0 0 0 rg BT 561.00 400.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.22 388.00 Td (the ) Tj ET Q q 0 0 0 rg BT 92.16 388.00 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 122.10 388.00 Td (test, ) Tj ET Q q 0 0 0 rg BT 141.21 388.00 Td (the ) Tj ET Q q 0 0 0 rg BT 156.16 388.00 Td (net ) Tj ET Q q 0 0 0 rg BT 171.10 388.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 217.13 388.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 239.86 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 250.92 388.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 264.20 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 281.37 388.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 311.86 388.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 327.92 388.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 370.63 388.00 Td (are ) Tj ET Q q 0 0 0 rg BT 385.56 388.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 416.62 388.00 Td (to ) Tj ET Q q 0 0 0 rg BT 427.12 388.00 Td (the ) Tj ET Q q 0 0 0 rg BT 442.07 388.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 467.56 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 478.62 388.00 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 531.33 388.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 550.16 388.00 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.38 376.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 83.15 376.00 Td (center ) Tj ET Q q 0 0 0 rg BT 110.24 376.00 Td (ceiling. ) Tj ET Q q 0 0 0 rg BT 142.61 376.00 Td ( ) Tj ET Q q 0 0 0 rg BT 145.08 376.00 Td (The ) Tj ET Q q 0 0 0 rg BT 163.29 376.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 182.06 376.00 Td (center ) Tj ET Q q 0 0 0 rg BT 209.15 376.00 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 239.02 376.00 Td (is ) Tj ET Q q 0 0 0 rg BT 248.35 376.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 281.00 376.00 Td (as ) Tj ET Q q 0 0 0 rg BT 292.00 376.00 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 306.32 376.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.20 376.00 Td (present ) Tj ET Q q 0 0 0 rg BT 352.74 376.00 Td (value ) Tj ET Q q 0 0 0 rg BT 377.06 376.00 Td (of ) Tj ET Q q 0 0 0 rg BT 388.05 376.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 429.03 376.00 Td (future ) Tj ET Q q 0 0 0 rg BT 455.57 376.00 Td (net ) Tj ET Q q 0 0 0 rg BT 470.45 376.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 508.65 376.00 Td (from ) Tj ET Q q 0 0 0 rg BT 530.75 376.00 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.73 364.00 Td (and ) Tj ET Q q 0 0 0 rg BT 79.84 364.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 110.28 364.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 126.29 364.00 Td (reserves ) Tj ET Q q 0 0 0 rg BT 161.72 364.00 Td (before ) Tj ET Q q 0 0 0 rg BT 189.93 364.00 Td (future ) Tj ET Q q 0 0 0 rg BT 216.49 364.00 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 273.03 364.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.71 364.00 Td (\(discounted ) Tj ET Q q 0 0 0 rg BT 345.04 364.00 Td (at ) Tj ET Q q 0 0 0 rg BT 354.93 364.00 Td (10%\), ) Tj ET Q q 0 0 0 rg BT 381.76 364.00 Td (based ) Tj ET Q q 0 0 0 rg BT 407.21 364.00 Td (on ) Tj ET Q q 0 0 0 rg BT 419.88 364.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.77 364.00 Td (average ) Tj ET Q q 0 0 0 rg BT 468.53 364.00 Td (first-day-of-the-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.75 352.00 Td (and ) Tj ET Q q 0 0 0 rg BT 79.87 352.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 110.33 352.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 126.35 352.00 Td (price ) Tj ET Q q 0 0 0 rg BT 149.02 352.00 Td (for ) Tj ET Q q 0 0 0 rg BT 163.37 352.00 Td (each ) Tj ET Q q 0 0 0 rg BT 184.38 352.00 Td (month ) Tj ET Q q 0 0 0 rg BT 212.62 352.00 Td (during ) Tj ET Q q 0 0 0 rg BT 241.42 352.00 Td (a ) Tj ET Q q 0 0 0 rg BT 248.55 352.00 Td (12-month ) Tj ET Q q 0 0 0 rg BT 290.12 352.00 Td (rolling ) Tj ET Q q 0 0 0 rg BT 319.48 352.00 Td (period ) Tj ET Q q 0 0 0 rg BT 347.71 352.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 369.84 352.00 Td (to ) Tj ET Q q 0 0 0 rg BT 380.31 352.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.22 352.00 Td (end ) Tj ET Q q 0 0 0 rg BT 412.34 352.00 Td (of ) Tj ET Q q 0 0 0 rg BT 423.36 352.00 Td (a ) Tj ET Q q 0 0 0 rg BT 430.49 352.00 Td (particular ) Tj ET Q q 0 0 0 rg BT 471.49 352.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 510.84 352.00 Td (period; ) Tj ET Q q 0 0 0 rg BT 541.85 352.00 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 63.66 340.00 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 340.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 96.99 340.00 Td (of ) Tj ET Q q 0 0 0 rg BT 107.82 340.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 150.30 340.00 Td (not ) Tj ET Q q 0 0 0 rg BT 165.58 340.00 Td (being ) Tj ET Q q 0 0 0 rg BT 190.30 340.00 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 235.55 340.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 254.72 340.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 268.88 340.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.60 340.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 308.87 340.00 Td (of ) Tj ET Q q 0 0 0 rg BT 319.70 340.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 338.31 340.00 Td (or ) Tj ET Q q 0 0 0 rg BT 349.14 340.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 389.96 340.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.34 340.00 Td (value ) Tj ET Q q 0 0 0 rg BT 430.49 340.00 Td (of ) Tj ET Q q 0 0 0 rg BT 441.32 340.00 Td (unproved ) Tj ET Q q 0 0 0 rg BT 481.59 340.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 524.08 340.00 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.00 Td (in ) Tj ET Q q 0 0 0 rg BT 59.07 328.00 Td (the ) Tj ET Q q 0 0 0 rg BT 73.07 328.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 94.86 328.00 Td (being ) Tj ET Q q 0 0 0 rg BT 118.87 328.00 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 163.14 328.00 Td (if ) Tj ET Q q 0 0 0 rg BT 171.03 328.00 Td (any; ) Tj ET Q q 0 0 0 rg BT 190.04 328.00 Td (less ) Tj ET Q q 0 0 0 rg BT 206.83 328.00 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 220.27 328.00 Td (related ) Tj ET Q q 0 0 0 rg BT 249.27 328.00 Td (income ) Tj ET Q q 0 0 0 rg BT 280.49 328.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 294.49 328.00 Td (ef) Tj ET Q q 0 0 0 rg BT 302.08 328.00 Td (fects. ) Tj ET Q q 0 0 0 rg BT 325.25 328.00 Td ( ) Tj ET Q q 0 0 0 rg BT 327.04 328.00 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 372.15 328.00 Td (quantities ) Tj ET Q q 0 0 0 rg BT 412.82 328.00 Td (of ) Tj ET Q q 0 0 0 rg BT 422.94 328.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 452.50 328.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 464.85 328.00 Td (and ) Tj ET Q q 0 0 0 rg BT 481.07 328.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 510.62 328.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 525.74 328.00 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.00 Td (is ) Tj ET Q q 0 0 0 rg BT 58.34 316.00 Td (a ) Tj ET Q q 0 0 0 rg BT 64.95 316.00 Td (complex ) Tj ET Q q 0 0 0 rg BT 101.56 316.00 Td (process. ) Tj ET Q q 0 0 0 rg BT 136.22 316.00 Td ( ) Tj ET Q q 0 0 0 rg BT 138.40 316.00 Td (It ) Tj ET Q q 0 0 0 rg BT 146.68 316.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 181.06 316.00 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 240.99 316.00 Td (of ) Tj ET Q q 0 0 0 rg BT 251.49 316.00 Td (available ) Tj ET Q q 0 0 0 rg BT 289.75 316.00 Td (technical ) Tj ET Q q 0 0 0 rg BT 328.02 316.00 Td (data ) Tj ET Q q 0 0 0 rg BT 346.84 316.00 Td (and ) Tj ET Q q 0 0 0 rg BT 363.46 316.00 Td (various ) Tj ET Q q 0 0 0 rg BT 395.07 316.00 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 449.19 316.00 Td (including ) Tj ET Q q 0 0 0 rg BT 489.13 316.00 Td (future ) Tj ET Q q 0 0 0 rg BT 515.18 316.00 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 72.87 304.00 Td (production ) Tj ET Q q 0 0 0 rg BT 118.18 304.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 142.67 304.00 Td (severance ) Tj ET Q q 0 0 0 rg BT 184.08 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 200.50 304.00 Td (excise ) Tj ET Q q 0 0 0 rg BT 227.48 304.00 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 252.52 304.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.16 304.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 334.24 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 350.67 304.00 Td (workover ) Tj ET Q q 0 0 0 rg BT 390.98 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 407.41 304.00 Td (remedial ) Tj ET Q q 0 0 0 rg BT 444.38 304.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 468.87 304.00 Td (and ) Tj ET Q q 0 0 0 rg BT 485.29 304.00 Td (the ) Tj ET Q q 0 0 0 rg BT 499.50 304.00 Td (assumed ) Tj ET Q q 0 0 0 rg BT 535.93 304.00 Td (ef) Tj ET Q q 0 0 0 rg BT 543.52 304.00 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 292.00 Td (governmental ) Tj ET Q q 0 0 0 rg BT 117.81 292.00 Td (rules ) Tj ET Q q 0 0 0 rg BT 139.75 292.00 Td (and ) Tj ET Q q 0 0 0 rg BT 156.69 292.00 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.94 268.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 106.37 268.00 Td (considerations ) Tj ET Q q 0 0 0 rg BT 167.03 268.00 Td (for ) Tj ET Q q 0 0 0 rg BT 181.58 268.00 Td (our ) Tj ET Q q 0 0 0 rg BT 197.80 268.00 Td (determination ) Tj ET Q q 0 0 0 rg BT 256.23 268.00 Td (that ) Tj ET Q q 0 0 0 rg BT 274.12 268.00 Td (performing ) Tj ET Q q 0 0 0 rg BT 322.00 268.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 368.76 268.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 402.19 268.00 Td (to ) Tj ET Q q 0 0 0 rg BT 412.86 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 427.97 268.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 458.07 268.00 Td (of ) Tj ET Q q 0 0 0 rg BT 469.30 268.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 499.96 268.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 513.41 268.00 Td (and ) Tj ET Q q 0 0 0 rg BT 530.74 268.00 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 64.31 256.00 Td (reserves ) Tj ET Q q 0 0 0 rg BT 98.56 256.00 Td (on ) Tj ET Q q 0 0 0 rg BT 110.04 256.00 Td (net ) Tj ET Q q 0 0 0 rg BT 123.74 256.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 152.99 256.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 165.03 256.00 Td (and ) Tj ET Q q 0 0 0 rg BT 180.95 256.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 210.20 256.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 225.01 256.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 266.48 256.00 Td (is ) Tj ET Q q 0 0 0 rg BT 274.64 256.00 Td (a ) Tj ET Q q 0 0 0 rg BT 280.56 256.00 Td (critical ) Tj ET Q q 0 0 0 rg BT 309.80 256.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 331.28 256.00 Td (matter ) Tj ET Q q 0 0 0 rg BT 358.30 256.00 Td (are ) Tj ET Q q 0 0 0 rg BT 371.99 256.00 Td (there ) Tj ET Q q 0 0 0 rg BT 393.46 256.00 Td (was ) Tj ET Q q 0 0 0 rg BT 410.50 256.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 454.19 256.00 Td (judgment ) Tj ET Q q 0 0 0 rg BT 493.45 256.00 Td (by ) Tj ET Q q 0 0 0 rg BT 504.93 256.00 Td (management, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.00 Td (including ) Tj ET Q q 0 0 0 rg BT 89.76 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 104.45 244.00 Td (use ) Tj ET Q q 0 0 0 rg BT 120.27 244.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.08 244.00 Td (specialists, ) Tj ET Q q 0 0 0 rg BT 177.16 244.00 Td (when ) Tj ET Q q 0 0 0 rg BT 201.31 244.00 Td (developing ) Tj ET Q q 0 0 0 rg BT 248.22 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 262.92 244.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 302.61 244.00 Td (of ) Tj ET Q q 0 0 0 rg BT 313.43 244.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 343.68 244.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.71 244.00 Td (and ) Tj ET Q q 0 0 0 rg BT 373.64 244.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 403.88 244.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 419.69 244.00 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 457.43 244.00 Td ( ) Tj ET Q q 0 0 0 rg BT 459.74 244.00 Td (This ) Tj ET Q q 0 0 0 rg BT 480.00 244.00 Td (in ) Tj ET Q q 0 0 0 rg BT 490.26 244.00 Td (turn ) Tj ET Q q 0 0 0 rg BT 508.85 244.00 Td (led ) Tj ET Q q 0 0 0 rg BT 523.55 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 533.81 244.00 Td (a ) Tj ET Q q 0 0 0 rg BT 540.73 244.00 Td (high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.00 Td (degree ) Tj ET Q q 0 0 0 rg BT 77.60 232.00 Td (of ) Tj ET Q q 0 0 0 rg BT 87.38 232.00 Td (auditor ) Tj ET Q q 0 0 0 rg BT 117.15 232.00 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 158.88 232.00 Td (subjectivity ) Tj ET Q q 0 0 0 rg BT 206.99 232.00 Td (and ) Tj ET Q q 0 0 0 rg BT 222.87 232.00 Td (ef) Tj ET Q q 0 0 0 rg BT 230.46 232.00 Td (fort ) Tj ET Q q 0 0 0 rg BT 246.35 232.00 Td (in ) Tj ET Q q 0 0 0 rg BT 255.58 232.00 Td (performing ) Tj ET Q q 0 0 0 rg BT 302.01 232.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 347.33 232.00 Td (and ) Tj ET Q q 0 0 0 rg BT 363.22 232.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 406.32 232.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 427.77 232.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 464.75 232.00 Td (related ) Tj ET Q q 0 0 0 rg BT 493.40 232.00 Td (to ) Tj ET Q q 0 0 0 rg BT 502.63 232.00 Td (the ) Tj ET Q q 0 0 0 rg BT 516.30 232.00 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 102.18 220.00 Td (used ) Tj ET Q q 0 0 0 rg BT 123.74 220.00 Td (in ) Tj ET Q q 0 0 0 rg BT 134.75 220.00 Td (developing ) Tj ET Q q 0 0 0 rg BT 182.42 220.00 Td (those ) Tj ET Q q 0 0 0 rg BT 206.76 220.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 247.21 220.00 Td (of ) Tj ET Q q 0 0 0 rg BT 258.77 220.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 289.77 220.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 303.56 220.00 Td (and ) Tj ET Q q 0 0 0 rg BT 321.23 220.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 352.22 220.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 368.79 220.00 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 407.28 220.00 Td (including ) Tj ET Q q 0 0 0 rg BT 448.28 220.00 Td (future ) Tj ET Q q 0 0 0 rg BT 475.39 220.00 Td (production ) Tj ET Q q 0 0 0 rg BT 521.95 220.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 544.06 220.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.65 208.00 Td (expenditures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.85 Td (Addressing ) Tj ET Q q 0 0 0 rg BT 98.15 183.85 Td (the ) Tj ET Q q 0 0 0 rg BT 113.47 183.85 Td (matter ) Tj ET Q q 0 0 0 rg BT 142.11 183.85 Td (involved ) Tj ET Q q 0 0 0 rg BT 180.20 183.85 Td (performing ) Tj ET Q q 0 0 0 rg BT 228.29 183.85 Td (procedures ) Tj ET Q q 0 0 0 rg BT 275.26 183.85 Td (and ) Tj ET Q q 0 0 0 rg BT 292.79 183.85 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 337.54 183.85 Td (audit ) Tj ET Q q 0 0 0 rg BT 360.64 183.85 Td (evidence ) Tj ET Q q 0 0 0 rg BT 399.27 183.85 Td (in ) Tj ET Q q 0 0 0 rg BT 410.15 183.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 457.12 183.85 Td (with ) Tj ET Q q 0 0 0 rg BT 478.00 183.85 Td (forming ) Tj ET Q q 0 0 0 rg BT 513.31 183.85 Td (our ) Tj ET Q q 0 0 0 rg BT 529.74 183.85 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.85 Td (opinion ) Tj ET Q q 0 0 0 rg BT 83.39 171.85 Td (on ) Tj ET Q q 0 0 0 rg BT 96.72 171.85 Td (the ) Tj ET Q q 0 0 0 rg BT 112.27 171.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 166.14 171.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.45 171.85 Td (statements. ) Tj ET Q q 0 0 0 rg BT 252.50 171.85 Td ( ) Tj ET Q q 0 0 0 rg BT 255.59 171.85 Td (These ) Tj ET Q q 0 0 0 rg BT 282.80 171.85 Td (procedures ) Tj ET Q q 0 0 0 rg BT 329.99 171.85 Td (included ) Tj ET Q q 0 0 0 rg BT 367.76 171.85 Td (testing ) Tj ET Q q 0 0 0 rg BT 397.76 171.85 Td (the ) Tj ET Q q 0 0 0 rg BT 413.30 171.85 Td (ef) Tj ET Q q 0 0 0 rg BT 420.89 171.85 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 468.65 171.85 Td (of ) Tj ET Q q 0 0 0 rg BT 480.31 171.85 Td (controls ) Tj ET Q q 0 0 0 rg BT 515.86 171.85 Td (relating ) Tj ET Q q 0 0 0 rg BT 549.73 171.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.85 Td (management�) Tj ET Q q 0 0 0 rg BT 103.37 159.85 Td (s ) Tj ET Q q 0 0 0 rg BT 109.62 159.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 149.19 159.85 Td (of ) Tj ET Q q 0 0 0 rg BT 159.88 159.85 Td (proved ) Tj ET Q q 0 0 0 rg BT 190.01 159.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 202.93 159.85 Td (and ) Tj ET Q q 0 0 0 rg BT 219.72 159.85 Td (natural ) Tj ET Q q 0 0 0 rg BT 249.85 159.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 265.54 159.85 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 303.16 159.85 Td (the ) Tj ET Q q 0 0 0 rg BT 317.73 159.85 Td (full ) Tj ET Q q 0 0 0 rg BT 333.98 159.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 352.45 159.85 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 382.02 159.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.48 159.85 Td (test, ) Tj ET Q q 0 0 0 rg BT 449.22 159.85 Td (and ) Tj ET Q q 0 0 0 rg BT 466.02 159.85 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 508.09 159.85 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.85 Td (and ) Tj ET Q q 0 0 0 rg BT 67.24 147.85 Td (amortization ) Tj ET Q q 0 0 0 rg BT 121.08 147.85 Td (expense. ) Tj ET Q q 0 0 0 rg BT 159.09 147.85 Td ( ) Tj ET Q q 0 0 0 rg BT 162.15 147.85 Td (These ) Tj ET Q q 0 0 0 rg BT 189.33 147.85 Td (procedures ) Tj ET Q q 0 0 0 rg BT 236.50 147.85 Td (also ) Tj ET Q q 0 0 0 rg BT 255.91 147.85 Td (included, ) Tj ET Q q 0 0 0 rg BT 296.15 147.85 Td (among ) Tj ET Q q 0 0 0 rg BT 326.67 147.85 Td (others ) Tj ET Q q 0 0 0 rg BT 354.41 147.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 367.15 147.85 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 412.10 147.85 Td (the ) Tj ET Q q 0 0 0 rg BT 427.62 147.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 473.13 147.85 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 525.88 147.85 Td (used ) Tj ET Q q 0 0 0 rg BT 547.52 147.85 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.85 Td (management ) Tj ET Q q 0 0 0 rg BT 103.70 135.85 Td (in ) Tj ET Q q 0 0 0 rg BT 114.59 135.85 Td (developing ) Tj ET Q q 0 0 0 rg BT 162.14 135.85 Td (the ) Tj ET Q q 0 0 0 rg BT 177.46 135.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 217.79 135.85 Td (of ) Tj ET Q q 0 0 0 rg BT 229.23 135.85 Td (proved ) Tj ET Q q 0 0 0 rg BT 260.11 135.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 273.78 135.85 Td (and ) Tj ET Q q 0 0 0 rg BT 291.33 135.85 Td (natural ) Tj ET Q q 0 0 0 rg BT 322.21 135.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 338.65 135.85 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 377.02 135.85 Td (including ) Tj ET Q q 0 0 0 rg BT 417.90 135.85 Td (future ) Tj ET Q q 0 0 0 rg BT 444.89 135.85 Td (production ) Tj ET Q q 0 0 0 rg BT 491.33 135.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 513.32 135.85 Td (and ) Tj ET Q q 0 0 0 rg BT 530.87 135.85 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.85 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 106.42 123.85 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 121.95 123.85 Td (testing ) Tj ET Q q 0 0 0 rg BT 151.94 123.85 Td (the ) Tj ET Q q 0 0 0 rg BT 167.48 123.85 Td (full ) Tj ET Q q 0 0 0 rg BT 184.69 123.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 204.12 123.85 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 234.65 123.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 284.07 123.85 Td (test ) Tj ET Q q 0 0 0 rg BT 301.28 123.85 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 350.97 123.85 Td (and ) Tj ET Q q 0 0 0 rg BT 368.73 123.85 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 387.05 123.85 Td (testing ) Tj ET Q q 0 0 0 rg BT 417.03 123.85 Td (the ) Tj ET Q q 0 0 0 rg BT 432.57 123.85 Td (unit-of-production ) Tj ET Q q 0 0 0 rg BT 509.77 123.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 528.07 123.85 Td (used ) Tj ET Q q 0 0 0 rg BT 549.73 123.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.85 Td (calculate ) Tj ET Q q 0 0 0 rg BT 89.14 111.85 Td (DD&A) Tj ET Q q 0 0 0 rg BT 118.03 111.85 Td ( ) Tj ET Q q 0 0 0 rg BT 122.14 111.85 Td (expense. ) Tj ET Q q 0 0 0 rg BT 160.95 111.85 Td ( ) Tj ET Q q 0 0 0 rg BT 164.76 111.85 Td (The ) Tj ET Q q 0 0 0 rg BT 184.42 111.85 Td (work ) Tj ET Q q 0 0 0 rg BT 209.08 111.85 Td (of ) Tj ET Q q 0 0 0 rg BT 221.52 111.85 Td (management�) Tj ET Q q 0 0 0 rg BT 275.38 111.85 Td (s ) Tj ET Q q 0 0 0 rg BT 283.38 111.85 Td (specialists ) Tj ET Q q 0 0 0 rg BT 328.60 111.85 Td (was ) Tj ET Q q 0 0 0 rg BT 348.26 111.85 Td (used ) Tj ET Q q 0 0 0 rg BT 370.69 111.85 Td (in ) Tj ET Q q 0 0 0 rg BT 382.58 111.85 Td (performing ) Tj ET Q q 0 0 0 rg BT 431.67 111.85 Td (the ) Tj ET Q q 0 0 0 rg BT 448.00 111.85 Td (procedures ) Tj ET Q q 0 0 0 rg BT 495.98 111.85 Td (to ) Tj ET Q q 0 0 0 rg BT 507.86 111.85 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 545.28 111.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.85 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 111.21 99.85 Td (of ) Tj ET Q q 0 0 0 rg BT 121.28 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 135.23 99.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 174.18 99.85 Td (of ) Tj ET Q q 0 0 0 rg BT 184.25 99.85 Td (proved ) Tj ET Q q 0 0 0 rg BT 213.76 99.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.05 99.85 Td (and ) Tj ET Q q 0 0 0 rg BT 242.23 99.85 Td (natural ) Tj ET Q q 0 0 0 rg BT 271.73 99.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 286.79 99.85 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 323.79 99.85 Td ( ) Tj ET Q q 0 0 0 rg BT 325.14 99.85 Td (As ) Tj ET Q q 0 0 0 rg BT 338.00 99.85 Td (a ) Tj ET Q q 0 0 0 rg BT 344.17 99.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 365.91 99.85 Td (for ) Tj ET Q q 0 0 0 rg BT 379.31 99.85 Td (using ) Tj ET Q q 0 0 0 rg BT 402.71 99.85 Td (this ) Tj ET Q q 0 0 0 rg BT 418.90 99.85 Td (work, ) Tj ET Q q 0 0 0 rg BT 443.69 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 457.64 99.85 Td (specialists�) Tj ET Q q 0 0 0 rg BT 501.33 99.85 Td ( ) Tj ET Q q 0 0 0 rg BT 503.07 99.85 Td (qualifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.85 Td (and ) Tj ET Q q 0 0 0 rg BT 66.01 87.85 Td (objectivity ) Tj ET Q q 0 0 0 rg BT 110.86 87.85 Td (were ) Tj ET Q q 0 0 0 rg BT 132.36 87.85 Td (understood, ) Tj ET Q q 0 0 0 rg BT 181.37 87.85 Td (as ) Tj ET Q q 0 0 0 rg BT 191.78 87.85 Td (well ) Tj ET Q q 0 0 0 rg BT 211.07 87.85 Td (as ) Tj ET Q q 0 0 0 rg BT 221.47 87.85 Td (the ) Tj ET Q q 0 0 0 rg BT 235.76 87.85 Td (methods ) Tj ET Q q 0 0 0 rg BT 271.72 87.85 Td (and ) Tj ET Q q 0 0 0 rg BT 288.24 87.85 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 339.76 87.85 Td (used ) Tj ET Q q 0 0 0 rg BT 360.16 87.85 Td (by ) Tj ET Q q 0 0 0 rg BT 372.24 87.85 Td (the ) Tj ET Q q 0 0 0 rg BT 386.53 87.85 Td (specialists. ) Tj ET Q q 0 0 0 rg BT 432.21 87.85 Td ( ) Tj ET Q q 0 0 0 rg BT 434.13 87.85 Td (The ) Tj ET Q q 0 0 0 rg BT 451.75 87.85 Td (procedures ) Tj ET Q q 0 0 0 rg BT 497.69 87.85 Td (performed ) Tj ET Q q 0 0 0 rg BT 541.41 87.85 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 75.85 Td (included ) Tj ET Q q 0 0 0 rg BT 87.83 75.85 Td (tests ) Tj ET Q q 0 0 0 rg BT 109.50 75.85 Td (of ) Tj ET Q q 0 0 0 rg BT 121.72 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 137.83 75.85 Td (data ) Tj ET Q q 0 0 0 rg BT 158.37 75.85 Td (used ) Tj ET Q q 0 0 0 rg BT 180.60 75.85 Td (by ) Tj ET Q q 0 0 0 rg BT 194.49 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 210.60 75.85 Td (specialists ) Tj ET Q q 0 0 0 rg BT 255.59 75.85 Td (and ) Tj ET Q q 0 0 0 rg BT 273.92 75.85 Td (an ) Tj ET Q q 0 0 0 rg BT 287.25 75.85 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 332.80 75.85 Td (of ) Tj ET Q q 0 0 0 rg BT 345.02 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 361.13 75.85 Td (specialist�) Tj ET Q q 0 0 0 rg BT 401.12 75.85 Td (s ) Tj ET Q q 0 0 0 rg BT 408.90 75.85 Td (findings. ) Tj ET Q q 0 0 0 rg BT 448.07 75.85 Td ( ) Tj ET Q q 0 0 0 rg BT 451.96 75.85 Td (Evaluating ) Tj ET Q q 0 0 0 rg BT 499.18 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 515.29 75.85 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 63.85 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 102.36 63.85 Td (relating ) Tj ET Q q 0 0 0 rg BT 136.32 63.85 Td (to ) Tj ET Q q 0 0 0 rg BT 147.51 63.85 Td (the ) Tj ET Q q 0 0 0 rg BT 163.14 63.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 203.77 63.85 Td (of ) Tj ET Q q 0 0 0 rg BT 215.51 63.85 Td (proved ) Tj ET Q q 0 0 0 rg BT 246.70 63.85 Td (oil ) Tj ET Q q 0 0 0 rg BT 260.67 63.85 Td (and ) Tj ET Q q 0 0 0 rg BT 278.52 63.85 Td (natural ) Tj ET Q q 0 0 0 rg BT 309.70 63.85 Td (gas ) Tj ET Q q 0 0 0 rg BT 326.44 63.85 Td (reserves ) Tj ET Q q 0 0 0 rg BT 362.62 63.85 Td (also ) Tj ET Q q 0 0 0 rg BT 382.14 63.85 Td (involved ) Tj ET Q q 0 0 0 rg BT 420.55 63.85 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 461.74 63.85 Td (evidence ) Tj ET Q q 0 0 0 rg BT 500.69 63.85 Td (to ) Tj ET Q q 0 0 0 rg BT 511.88 63.85 Td (support ) Tj ET Q q 0 0 0 rg BT 545.29 63.85 Td (the ) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 112.18 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.22 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.14 713.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 192.79 713.10 Td (including ) Tj ET Q q 0 0 0 rg BT 233.27 713.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 268.18 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.10 713.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 335.26 713.10 Td (used ) Tj ET Q q 0 0 0 rg BT 356.29 713.10 Td (were ) Tj ET Q q 0 0 0 rg BT 378.43 713.10 Td (reasonable ) Tj ET Q q 0 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rg BT 471.80 624.45 Td (1,936) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 624.45 Td (93,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 612.45 Td (Other current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 612.45 Td (10,434) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 612.45 Td (1) Tj ET Q q 0 0 0 rg BT 540.80 612.45 Td (1,896) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 600.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.11 600.45 Td (otal current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 600.45 Td (180,61) Tj ET Q q 0 0 0 rg BT 485.80 600.45 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 600.45 Td (296,294) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 588.58 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 588.58 Td (operty and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 588.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 588.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 576.45 Td (Oil and natural gas properties \(using full cost 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ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 528.45 Td (Pipelines and plants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 528.45 Td (2,329,078) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 528.45 Td (2,302,817) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 516.45 Td (Other property and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 516.45 Td (212,334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 516.45 Td (250,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 504.45 Td (Less accumulated depletion, depreciation, amortization and impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.10 504.45 Td (\(1) Tj ET Q q 0 0 0 rg BT 457.76 504.45 Td (1,688,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 504.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.10 504.45 Td (\(1) Tj ET Q q 0 0 0 rg BT 526.76 504.45 Td (1,500,190) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 504.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 492.45 Td (Net property and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 492.45 Td (4,372,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 492.45 Td (4,318,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 480.45 Td (Operating lease right-of-use assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 480.45 Td (34,099) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 480.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 468.45 Td (Derivative assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 468.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 468.45 Td (4,195) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 456.45 Td (Other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 456.45 Td (104,329) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 456.45 Td (104,123) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 444.58 Td (T) Tj ET Q q 0 0 0 rg BT 80.47 444.58 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 444.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 444.45 Td (4,691,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 444.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 444.45 Td (4,723,222) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.60 432.58 Td (Liabilities and Stockholders�) Tj ET Q q 0 0 0 rg BT 341.24 432.58 Td ( Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 420.58 Td (Curr) Tj ET Q q 0 0 0 rg BT 68.76 420.58 Td (ent liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 420.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 420.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 408.45 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 408.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 408.45 Td (183,832) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 408.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 408.45 Td (198,380) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 396.45 Td (Oil and gas production payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 396.45 Td (62,869) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 396.45 Td (61,288) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 383.75 Td (Derivative liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 383.75 Td (8,346) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 383.75 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 370.75 Td (Current maturities of long-term debt \(including future interest payable of $86,054 and $85,303, respectively �) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 362.75 Td (see Note 6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 362.75 Td (102,294) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 362.75 Td (105,125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 349.75 Td (Operating lease liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 349.75 Td (6,901) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 349.75 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 337.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.11 337.45 Td (otal current liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 337.45 Td (364,242) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 337.45 Td (364,793) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 325.58 Td (Long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 325.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 325.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 312.75 Td (Long-term debt, net of current portion \(including future interest payable of $78,860 and $164,914, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 304.75 Td (� see Note 6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 304.75 Td (2,232,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 304.75 Td (2,664,21) Tj ET Q q 0 0 0 rg BT 554.80 304.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 292.45 Td (Asset retirement obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 292.45 Td (177,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 292.45 Td (174,470) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 280.45 Td (Deferred tax liabilities, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 280.45 Td (410,230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 280.45 Td (309,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 268.45 Td (Operating lease liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 268.45 Td (41,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 268.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 256.45 Td (Other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 256.45 Td (53,526) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 256.45 Td (68,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 244.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.11 244.45 Td (otal long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 244.45 Td (2,915,366) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 244.45 Td (3,216,652) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 232.58 Td (Commitments and contingencies \(Note 12\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 220.58 Td (Stockholders�) Tj ET Q q 0 0 0 rg BT 98.02 220.58 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 220.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 220.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 208.45 Td (Preferred stock, $.001 par value, 25,000,000 shares authorized, none issued and outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 208.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 208.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 195.75 Td (Common stock, $.001 par value, 750,000,000 shares authorized; 508,065,495 and 462,355,725 shares issued,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.50 187.75 Td (respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 187.75 Td (508) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 187.75 Td (462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 175.45 Td (Paid-in capital in excess of par) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 175.45 Td (2,739,099) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 175.45 Td (2,685,21) Tj ET Q q 0 0 0 rg BT 554.80 175.45 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 163.45 Td (Accumulated deficit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.10 163.45 Td (\(1,321,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 163.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 163.45 Td (\(1,533,1) Tj ET Q q 0 0 0 rg BT 550.76 163.45 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 163.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 151.45 Td (T) Tj ET Q q 0 0 0 rg BT 68.11 151.45 Td (reasury stock, at cost, 1,652,771 and 1,941,749 shares, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 151.45 Td (\(6,034) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 151.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 151.45 Td (\(10,784) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 151.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 139.45 Td (T) Tj ET Q q 0 0 0 rg BT 79.83 139.45 Td (otal stockholders�) Tj ET Q q 0 0 0 rg BT 136.33 139.45 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 139.45 Td (1,412,259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 139.45 Td (1,141,777) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 127.58 Td (T) Tj ET Q q 0 0 0 rg BT 80.10 127.58 Td (otal liabilities and stockholders�) Tj ET Q q 0 0 0 rg BT 188.18 127.58 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 127.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 127.45 Td (4,691,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 127.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 127.45 Td (4,723,222) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.35 106.00 Td (See accompanying Notes to Consolidated Financial Statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.50 748.75 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.65 736.75 Td (\(In thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (66) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 693.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 693.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 693.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 693.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 667.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 667.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 667.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 667.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 667.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 667.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 641.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 641.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 641.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 641.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 641.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 641.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 615.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 615.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 615.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 615.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 615.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 615.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 589.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 589.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 589.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 589.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 589.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 589.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 563.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 563.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 563.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 563.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 563.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 563.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 537.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 537.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 537.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 537.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 537.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 537.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 511.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 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0 0 rg BT 58.00 675.45 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 675.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 675.45 Td (216,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 675.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 675.45 Td (322,698) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 675.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 675.45 Td (163,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 662.75 Td (Adjustments to reconcile net income to cash flows from operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 662.75 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 662.75 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 650.45 Td (Depletion, depreciation, and amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 650.45 Td (233,816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 650.45 Td (216,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 650.45 Td (207,713) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 638.45 Td (Deferred income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 638.45 Td (100,471) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 638.45 Td (103,234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 638.45 Td (\(95,779) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 638.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 626.45 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 626.45 Td (12,470) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 626.45 Td (1) Tj ET Q q 0 0 0 rg BT 471.30 626.45 Td (1,951) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 626.45 Td (15,154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 614.45 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 614.45 Td (70,078) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 614.45 Td (\(21,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 614.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 614.45 Td (77,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 602.45 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 602.45 Td (23,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 602.45 Td (\(175,248) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 602.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 602.45 Td (\(47,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 602.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 590.45 Td (Gain on debt extinguishment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 590.45 Td (\(155,998) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 590.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 590.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 590.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 578.45 Td (Debt issuance costs and discounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 578.45 Td (12,303) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 578.45 Td (6,246) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 578.45 Td (6,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 566.45 Td (Other) Tj ET Q q 0 0 0 rg BT 82.05 566.45 Td (, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 566.45 Td (\(8,596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 566.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 566.45 Td (\(4,725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 566.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 566.45 Td (3,1) Tj ET Q q 0 0 0 rg BT 550.30 566.45 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 554.45 Td (Changes in assets and liabilities, net of ef) Tj ET Q q 0 0 0 rg BT 190.27 554.45 Td (fects from acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 554.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 554.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 554.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 542.45 Td (Accrued production receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 542.45 Td (\(13,619) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 542.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 542.45 Td (20,547) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 542.45 Td (\(21,398) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 542.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 530.45 Td (T) Tj ET Q q 0 0 0 rg BT 68.75 530.45 Td (rade and other receivables) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 530.45 Td (9,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 530.45 Td (16,094) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 530.45 Td (\(4,421) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 530.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 518.45 Td (Other current and long-term assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 518.45 Td (7,629) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 518.45 Td (\(6,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 518.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 518.45 Td (\(1,722) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 518.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 506.45 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 506.45 Td (\(3,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 506.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 506.45 Td (13,008) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 506.45 Td (\(24,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 506.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 494.45 Td (Oil and natural gas production payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 494.45 Td (2,170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 494.45 Td (\(15,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 494.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 494.45 Td (\(3,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 494.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 482.45 Td (Other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 482.45 Td (\(13,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 482.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 482.45 Td (42,645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 482.45 Td (\(5,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 482.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 470.58 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 91.03 470.58 Td (ovided by operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 470.45 Td (494,143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 470.45 Td (529,685) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 470.45 Td (267,143) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 446.58 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 97.26 446.58 Td (om investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 446.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 446.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 446.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 434.45 Td (Oil and natural gas capital expenditures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 434.45 Td (\(262,005) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 434.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 434.45 Td (\(316,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 434.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 434.45 Td (\(262,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 434.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 422.45 Td (Acquisitions of oil and natural gas properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 422.45 Td (\(79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 422.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 422.45 Td (\(541) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 422.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 422.45 Td (\(88,886) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 422.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 410.45 Td (CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.11 409.31 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.71 410.45 Td ( capital expenditures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 410.45 Td (\(3,154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 410.45 Td (\(5,878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 410.45 Td (\(2,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 398.45 Td (Pipelines and plants capital expenditures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 398.45 Td (\(27,319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 398.45 Td (\(23,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 398.45 Td (\(2,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 386.45 Td (Net proceeds from sales of oil and natural gas properties and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 386.45 Td (10,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 386.45 Td (7,762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 386.45 Td (1,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 374.45 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 374.45 Td (12,669) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 374.45 Td (5,136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 374.45 Td (\(2,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 374.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 362.58 Td (Net cash used in investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 362.45 Td (\(269,692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 362.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 362.45 Td (\(333,276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 362.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 362.45 Td (\(356,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 362.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 338.58 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 97.26 338.58 Td (om financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 338.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 338.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 338.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 326.45 Td (Bank repayments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 326.45 Td (\(925,791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 326.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 326.45 Td (\(1,982,653) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 326.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 326.45 Td (\(1,589,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 326.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 314.45 Td (Bank borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 314.45 Td (925,791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 314.45 Td (1,507,653) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 314.45 Td (1,763,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 302.45 Td (Interest payments treated as a reduction of debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 302.45 Td (\(85,303) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 302.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 302.45 Td (\(79,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 302.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 302.45 Td (\(50,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 302.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 290.45 Td (Proceeds from issuance of senior secured notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 290.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 290.45 Td (450,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 290.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 278.45 Td (Cash paid in conjunction with debt exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 278.45 Td (\(136,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 278.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 278.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 278.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 266.45 Td (Repayment or repurchases of senior subordinated notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 266.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 266.45 Td (�) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 266.45 Td (\(2,503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 266.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 254.45 Td (Costs of debt financing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 254.45 Td (\(1) Tj ET Q q 0 0 0 rg BT 402.26 254.45 Td (1,065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 254.45 Td (\(16,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 254.45 Td (\(6,289) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 242.45 Td (Pipeline financing and capital lease debt repayments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 242.45 Td (\(13,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 242.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 242.45 Td (\(23,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 242.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 242.45 Td (\(27,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 242.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 230.45 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 230.45 Td (348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 230.45 Td (\(13,486) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 230.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 230.45 Td (1,216) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 218.58 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 91.03 218.58 Td (ovided by \(used in\) financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 218.45 Td (\(246,355) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 218.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 218.45 Td (\(157,452) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 218.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 218.45 Td (88,613) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 206.58 Td (Net incr) Tj ET Q q 0 0 0 rg BT 79.69 206.58 Td (ease \(decr) Tj ET Q q 0 0 0 rg BT 113.53 206.58 Td (ease\) in cash, cash equivalents, and r) Tj ET Q q 0 0 0 rg BT 238.28 206.58 Td (estricted cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 206.45 Td (\(21,904) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 206.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 206.45 Td (38,957) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 206.45 Td (\(1,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 206.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 194.45 Td (Cash, cash equivalents, and restricted cash at beginning of year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 194.45 Td (54,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 194.45 Td (15,992) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 194.45 Td (17,050) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 182.58 Td (Cash, cash equivalents, and r) Tj ET Q q 0 0 0 rg BT 151.43 182.58 Td (estricted cash at end of year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 182.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 182.45 Td (33,045) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 182.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 182.45 Td (54,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 182.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 182.45 Td (15,992) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 155.00 Td (�See accompanying Notes to Consolidated Financial Statements.) 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680.56 Td (Balance � December) Tj ET Q q 0 0 0 rg BT 113.47 680.56 Td ( 31, 2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 213.10 680.55 Td (402,334,655) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 289.65 680.55 Td (402) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 309.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 324.15 680.55 Td (2,534,670) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 373.80 680.60 Td (\(2,018,989) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 680.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.15 680.55 Td (3,906,877) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 486.55 680.60 Td (\(47,635) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.15 680.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.40 680.55 Td (468,448) Tj ET Q BT 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ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 649.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 649.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 649.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 649.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 637.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 637.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 637.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 332.90 637.55 Td (19,721) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 637.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 637.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 637.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.90 637.55 Td (19,721) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 625.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.53 625.55 Td (ax withholding � stock compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 625.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 625.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 625.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 625.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.15 625.55 Td (1,550,164) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 490.05 625.60 Td (\(3,183) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.15 625.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 625.60 Td (\(3,183) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 625.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 613.55 Td (Retirement of treasury stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 217.80 613.55 Td (\(5,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 248.15 613.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 294.30 613.55 Td (\(5) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 300.15 613.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 330.55 613.60 Td (\(46,557) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 352.15 613.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 613.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 425.80 613.60 Td (\(5,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.15 613.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 488.90 613.55 Td (46,562) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 613.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 601.55 Td (Dividends adjustments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 601.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 601.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 601.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 601.55 Td (27) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 601.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 601.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 601.55 Td (27) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 589.55 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 589.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 589.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 589.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 381.40 589.55 Td (163,152) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 589.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 589.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.40 589.55 Td (163,152) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 577.56 Td (Balance � December) Tj ET Q q 0 0 0 rg BT 113.47 577.56 Td ( 31, 2017) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 213.10 577.55 Td (402,549,346) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 289.65 577.55 Td (403) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 324.15 577.55 Td (2,507,828) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 373.80 577.60 Td (\(1,855,810) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 577.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 433.40 577.55 Td (457,041) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 490.05 577.60 Td (\(4,256) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.15 577.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.40 577.55 Td (648,165) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 565.55 Td (Issued or purchased pursuant to stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 558.55 Td (compensation plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 220.15 558.55 Td (4,556,424) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 296.65 558.55 Td (4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 346.30 558.60 Td (\(4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 352.15 558.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 558.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 558.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 558.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 558.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 546.55 Td (Issued pursuant to notes conversion) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 216.60 546.55 Td (55,249,955) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 546.55 Td (55) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 329.40 546.55 Td (161,949) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 546.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 546.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 546.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.40 546.55 Td (162,004) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 534.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 534.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 534.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 332.90 534.55 Td (15,438) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 534.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 534.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 534.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.90 534.55 Td (15,438) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 522.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.53 522.55 Td (ax withholding � stock compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 522.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 522.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 522.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 522.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.15 522.55 Td (1,484,708) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 490.05 522.60 Td (\(6,528) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.15 522.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 522.60 Td (\(6,528) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 522.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 510.55 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 510.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 510.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 510.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 381.40 510.55 Td (322,698) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 510.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 510.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.40 510.55 Td (322,698) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 498.56 Td (Balance � December) Tj ET Q q 0 0 0 rg BT 113.47 498.56 Td ( 31, 2018) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 213.10 498.55 Td (462,355,725) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 289.65 498.55 Td (462) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 324.15 498.55 Td (2,685,21) Tj ET Q q 0 0 0 rg BT 348.65 498.55 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 373.80 498.60 Td (\(1,533,1) Tj ET Q q 0 0 0 rg BT 397.13 498.60 Td (12) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 498.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.15 498.55 Td (1,941,749) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 486.55 498.60 Td (\(10,784) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.15 498.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 532.15 498.55 Td (1,141,777) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 486.55 Td (Issued or purchased pursuant to stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 479.55 Td (compensation plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 220.15 479.55 Td (9,315,016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 296.65 479.55 Td (9) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 346.30 479.60 Td (\(9) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 352.15 479.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 479.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 479.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 479.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 479.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 467.55 Td (Issued pursuant to directors�) Tj ET Q q 0 0 0 rg BT 131.75 467.55 Td ( compensation plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 228.90 467.55 Td (97,537) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 467.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 467.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 467.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 467.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 467.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 467.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 455.55 Td (Issued pursuant to senior subordinated notes) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 448.55 Td (exchanges) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 216.60 448.55 Td (36,297,217) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 448.55 Td (37) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 332.90 448.55 Td (37,409) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 386.05 448.60 Td (\(5,161) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 448.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 425.80 448.60 Td (\(1,990,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.15 448.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 492.40 448.55 Td (7,270) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.90 448.55 Td (39,555) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 436.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 436.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 436.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 332.90 436.55 Td (16,488) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 436.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 436.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 436.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.90 436.55 Td (16,488) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 424.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.53 424.55 Td (ax withholding � stock compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 424.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 424.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 424.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 397.15 424.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.15 424.55 Td (1,701,022) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 490.05 424.60 Td (\(2,520) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.15 424.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 424.60 Td (\(2,520) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 424.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 412.55 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.15 412.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 293.15 412.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.15 412.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 381.40 412.55 Td (216,959) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.15 412.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 501.15 412.55 Td (�) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.40 412.55 Td (216,959) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 400.56 Td (Balance � December) Tj ET Q q 0 0 0 rg BT 113.41 400.56 Td ( 31, 2019) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 213.10 400.55 Td (508,065,495) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.50 400.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 289.65 400.55 Td (508) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 309.50 400.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 324.15 400.55 Td (2,739,099) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.50 400.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 373.80 400.60 Td (\(1,321,314) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 400.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 428.15 400.55 Td (1,652,771) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 465.50 400.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 490.05 400.60 Td (\(6,034) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.15 400.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 517.50 400.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 532.15 400.55 Td (1,412,259) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 373.00 Td (�See accompanying Notes to Consolidated Financial Statements.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Note 1. Natur) Tj ET Q q 0 0 0 rg BT 107.36 701.10 Td (e of Operations and Summary of Significant ) Tj ET Q q 0 0 0 rg BT 297.65 701.10 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Organization and Natur) Tj ET Q q 0 0 0 rg BT 152.66 677.10 Td (e of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 105.06 653.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 148.74 653.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 169.08 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.09 653.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 216.98 653.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 268.14 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 277.39 653.10 Td (an ) Tj ET Q q 0 0 0 rg BT 289.40 653.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 340.85 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 353.98 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.99 653.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 401.33 653.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 417.24 653.10 Td (company ) Tj ET Q q 0 0 0 rg BT 456.47 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 476.82 653.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 521.05 653.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 554.72 653.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (two ) Tj ET Q q 0 0 0 rg BT 66.83 641.10 Td (key ) Tj ET Q q 0 0 0 rg BT 83.59 641.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 123.68 641.10 Td (areas: ) Tj ET Q q 0 0 0 rg BT 149.32 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.87 641.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 184.52 641.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 209.63 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.39 641.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 254.83 641.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 296.04 641.10 Td (regions. ) Tj ET Q q 0 0 0 rg BT 330.31 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.63 641.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 350.51 641.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 370.06 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.05 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.16 641.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 424.24 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.78 641.10 Td (value ) Tj ET Q q 0 0 0 rg BT 462.76 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.42 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.08 641.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 531.39 641.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.18 629.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 108.42 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.99 629.10 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 171.51 629.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 203.20 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.88 629.10 Td (proven ) Tj ET Q q 0 0 0 rg BT 249.89 629.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 299.34 629.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 341.57 629.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 381.84 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 401.87 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.33 629.10 Td (most ) Tj ET Q q 0 0 0 rg BT 438.02 629.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 482.48 629.10 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 521.94 629.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.73 629.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 615.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.14 617.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 109.40 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 122.45 617.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 159.93 617.10 Td (operations.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.56 485.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 133.61 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.46 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.95 485.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.68 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.98 485.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 283.93 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.22 485.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 331.08 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.59 485.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 368.32 485.10 Td (management ) Tj ET Q q 0 0 0 rg BT 421.92 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.21 485.10 Td (make ) Tj ET Q q 0 0 0 rg BT 456.39 485.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 496.11 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.07 485.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.70 473.10 Td (af) Tj ET Q q 0 0 0 rg BT 75.29 473.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 93.49 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.91 473.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 145.44 473.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 178.64 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.18 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 220.59 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.13 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.78 473.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 307.71 473.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 351.46 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.00 473.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 408.43 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 434.96 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.61 473.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 493.04 473.10 Td (at ) Tj ET Q q 0 0 0 rg BT 503.47 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.89 473.10 Td (date ) Tj ET Q q 0 0 0 rg BT 538.76 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 473.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.91 461.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 134.06 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.93 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.58 461.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 201.33 461.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 237.65 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.42 461.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 286.39 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.26 461.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 341.79 461.10 Td (during ) Tj ET Q q 0 0 0 rg BT 370.34 461.10 Td (each ) Tj ET Q q 0 0 0 rg BT 391.09 461.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 430.18 461.10 Td (period.��Management ) Tj ET Q q 0 0 0 rg BT 517.86 461.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 553.06 461.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 91.02 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.77 449.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 163.52 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.04 449.10 Td (reasonable; ) Tj ET Q q 0 0 0 rg BT 229.88 449.10 Td (however) Tj ET Q q 0 0 0 rg BT 263.91 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.72 449.10 Td (such ) Tj ET Q q 0 0 0 rg BT 293.36 449.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 334.88 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.62 449.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 407.38 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.90 449.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 456.53 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.62 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.36 449.10 Td (number ) Tj ET Q q 0 0 0 rg BT 512.22 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.86 449.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 548.06 449.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 102.24 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.88 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 137.75 437.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 161.61 437.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 187.13 437.10 Td (results ) Tj ET Q q 0 0 0 rg BT 214.89 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.32 437.10 Td (dif) Tj ET Q q 0 0 0 rg BT 235.25 437.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 248.00 437.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 290.18 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 311.27 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 331.25 437.10 Td (estimates.��Significant ) Tj ET Q q 0 0 0 rg BT 421.50 437.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 460.36 437.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 505.33 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 527.53 437.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.13 425.10 Td (include ) Tj ET Q q 0 0 0 rg BT 125.98 425.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 140.06 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.70 425.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.99 425.10 Td (value ) Tj ET Q q 0 0 0 rg BT 195.07 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.81 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.21 425.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 285.61 425.10 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 337.47 425.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 351.55 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.19 425.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 406.93 425.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 448.23 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.98 425.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 489.16 425.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.14 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.99 425.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 425.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.90 413.10 Td (used ) Tj ET Q q 0 0 0 rg BT 105.88 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.30 413.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 153.38 413.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 193.24 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.22 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 217.42 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.50 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 264.91 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 280.89 413.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 326.02 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.88 413.10 Td (related ) Tj ET Q q 0 0 0 rg BT 370.73 413.10 Td (present ) Tj ET Q q 0 0 0 rg BT 402.25 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 426.55 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.53 413.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 478.49 413.10 Td (future ) Tj ET Q q 0 0 0 rg BT 505.01 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 519.88 413.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.29 413.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (therefrom ) Tj ET Q q 0 0 0 rg BT 91.61 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.73 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.64 401.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 153.53 401.10 Td (test; ) Tj ET Q q 0 0 0 rg BT 172.88 401.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 187.23 401.10 Td (future ) Tj ET Q q 0 0 0 rg BT 213.79 401.10 Td (net ) Tj ET Q q 0 0 0 rg BT 228.69 401.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.15 401.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 270.16 401.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 310.06 401.10 Td (used ) Tj ET Q q 0 0 0 rg BT 331.08 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.54 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.44 401.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 405.23 401.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 452.35 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.37 401.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 507.16 401.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 535.95 401.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 550.30 401.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.10 389.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 131.27 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.88 389.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 171.93 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.65 389.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 225.92 389.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 239.81 387.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.06 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.34 389.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 280.39 389.10 Td (used ) Tj ET Q q 0 0 0 rg BT 301.00 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.06 389.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 347.78 389.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 387.27 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.88 389.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 411.78 387.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.02 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.31 389.10 Td (properties; ) Tj ET Q q 0 0 0 rg BT 462.35 389.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 476.30 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 516.90 389.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 543.62 389.10 Td (lives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (used ) Tj ET Q q 0 0 0 rg BT 70.42 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.80 377.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 117.82 377.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 169.84 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.87 377.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 240.00 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.93 377.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 294.62 377.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 323.33 377.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 337.58 377.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 372.93 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 402.73 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.10 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 426.25 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.28 377.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.64 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 489.56 377.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 511.60 377.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 548.08 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 88.92 365.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 116.95 365.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 169.42 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.24 365.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 206.60 365.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 245.75 365.10 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 286.00 365.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 299.04 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.64 365.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 352.34 365.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 373.72 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.53 365.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 417.03 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.74 365.10 Td (future ) Tj ET Q q 0 0 0 rg BT 451.99 365.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 472.81 365.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 515.28 365.10 Td (obligations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.34 353.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 80.41 353.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 120.02 353.10 Td (made ) Tj ET Q q 0 0 0 rg BT 144.08 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.26 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.88 353.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 215.15 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.89 353.10 Td (income ) Tj ET Q q 0 0 0 rg BT 257.73 353.10 Td (taxes.��) Tj ET Q q 0 0 0 rg BT 285.59 353.10 Td (While ) Tj ET Q q 0 0 0 rg BT 312.43 353.10 Td (management ) Tj ET Q q 0 0 0 rg BT 365.92 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 375.00 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 390.18 353.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 416.45 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.18 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 444.03 353.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 488.64 353.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 527.15 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.34 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 554.18 353.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.32 341.10 Td (current ) Tj ET Q q 0 0 0 rg BT 94.02 341.10 Td (year) Tj ET Q q 0 0 0 rg BT 111.02 341.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 132.17 341.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 175.26 341.10 Td (there ) Tj ET Q q 0 0 0 rg BT 198.62 341.10 Td (will ) Tj ET Q q 0 0 0 rg BT 217.55 341.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 243.70 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 256.52 341.10 Td (future ) Tj ET Q q 0 0 0 rg BT 283.77 341.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 323.25 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.41 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 347.23 341.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 387.82 341.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 426.19 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.01 341.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 481.82 341.10 Td (such ) Tj ET Q q 0 0 0 rg BT 503.53 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.23 341.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 554.72 341.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.27 329.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 103.28 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.17 329.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 150.39 329.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 166.17 329.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 205.01 329.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 239.67 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.90 329.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 294.02 329.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 332.29 329.10 Td (payouts, ) Tj ET Q q 0 0 0 rg BT 368.35 329.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 389.14 329.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 421.58 329.10 Td (audits, ) Tj ET Q q 0 0 0 rg BT 450.42 329.10 Td (re-allocations ) Tj ET Q q 0 0 0 rg BT 507.29 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.74 329.10 Td (purchasers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.40 317.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 101.57 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 112.47 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 135.58 317.10 Td (corrections ) Tj ET Q q 0 0 0 rg BT 182.58 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.58 317.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 249.92 317.10 Td (common ) Tj ET Q q 0 0 0 rg BT 287.49 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.83 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.62 317.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 325.75 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.75 317.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 373.08 317.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 388.98 317.10 Td (industry) Tj ET Q q 0 0 0 rg BT 421.11 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 426.18 317.10 Td (many ) Tj ET Q q 0 0 0 rg BT 450.96 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.86 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 488.87 317.10 Td (require ) Tj ET Q q 0 0 0 rg BT 519.75 317.10 Td (retroactive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (application.��) Tj ET Q q 0 0 0 rg BT 101.25 305.10 Td (These ) Tj ET Q q 0 0 0 rg BT 127.42 305.10 Td (types ) Tj ET Q q 0 0 0 rg BT 150.83 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.46 305.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 211.54 305.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 240.49 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.23 305.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.62 305.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 331.24 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.98 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 365.84 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 377.58 305.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 414.85 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.93 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.45 305.10 Td (period ) Tj ET Q q 0 0 0 rg BT 467.29 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.37 305.10 Td (which ) Tj ET Q q 0 0 0 rg BT 504.11 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 305.10 Td (adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (occurs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.10 293.10 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 98.25 245.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 119.01 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 145.88 245.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 181.09 245.10 Td (have ) Tj ET Q q 0 0 0 rg BT 201.29 245.10 Td (been ) Tj ET Q q 0 0 0 rg BT 221.48 245.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 268.34 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.44 245.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 312.63 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.73 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.27 245.10 Td (current ) Tj ET Q q 0 0 0 rg BT 364.91 245.10 Td (year ) Tj ET Q q 0 0 0 rg BT 383.44 245.10 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 436.13 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.45 245.10 Td (On ) Tj ET Q q 0 0 0 rg BT 450.99 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.53 245.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 518.62 245.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.94 233.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 105.94 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.71 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.04 233.10 Td (years ) Tj ET Q q 0 0 0 rg BT 157.25 233.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 183.25 233.10 Td (December ) Tj ET Q q 0 0 0 rg BT 226.44 233.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 241.06 233.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 263.17 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.72 233.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 304.34 233.10 Td (�Purchased ) Tj ET Q q 0 0 0 rg BT 351.99 233.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 364.66 233.10 Td (sales� ) Tj ET Q q 0 0 0 rg BT 390.65 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 399.44 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.99 233.10 Td (new ) Tj ET Q q 0 0 0 rg BT 424.76 233.10 Td (line ) Tj ET Q q 0 0 0 rg BT 441.87 233.10 Td (item ) Tj ET Q q 0 0 0 rg BT 461.76 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.31 233.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 513.75 233.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 535.31 233.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.73 221.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 101.60 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.38 221.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 125.39 221.10 Td (from ) Tj ET Q q 0 0 0 rg BT 147.28 221.10 Td (third-parties, ) Tj ET Q q 0 0 0 rg BT 201.10 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 227.98 221.10 Td (were ) Tj ET Q q 0 0 0 rg BT 249.86 221.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 297.84 221.10 Td (from ) Tj ET Q q 0 0 0 rg BT 319.73 221.10 Td (�Other ) Tj ET Q q 0 0 0 rg BT 349.39 221.10 Td (income,� ) Tj ET Q q 0 0 0 rg BT 388.21 221.10 Td (�Purchased ) Tj ET Q q 0 0 0 rg BT 436.19 221.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 449.20 221.10 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 492.18 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 501.30 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.19 221.10 Td (new ) Tj ET Q q 0 0 0 rg BT 527.30 221.10 Td (line ) Tj ET Q q 0 0 0 rg BT 544.74 221.10 Td (item ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.17 209.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 101.72 209.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 140.05 209.10 Td (related ) Tj ET Q q 0 0 0 rg BT 169.49 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.50 209.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 221.15 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.71 209.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 244.50 209.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.17 209.10 Td (third-parties, ) Tj ET Q q 0 0 0 rg BT 319.77 209.10 Td (which ) Tj ET Q q 0 0 0 rg BT 346.44 209.10 Td (were ) Tj ET Q q 0 0 0 rg BT 368.10 209.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 415.86 209.10 Td (from ) Tj ET Q q 0 0 0 rg BT 437.53 209.10 Td (�Marketing ) Tj ET Q q 0 0 0 rg BT 485.86 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.53 209.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 524.75 209.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 92.01 197.10 Td (used ) Tj ET Q q 0 0 0 rg BT 112.31 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.06 197.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 143.47 197.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 175.71 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.12 197.10 Td (�T) Tj ET Q q 0 0 0 rg BT 202.32 197.10 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 257.05 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.46 197.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 315.98 197.10 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 358.48 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 367.13 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.54 197.10 Td (new ) Tj ET Q q 0 0 0 rg BT 392.17 197.10 Td (line ) Tj ET Q q 0 0 0 rg BT 409.13 197.10 Td (item, ) Tj ET Q q 0 0 0 rg BT 431.38 197.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 475.57 197.10 Td (captioned ) Tj ET Q q 0 0 0 rg BT 516.41 197.10 Td (�Marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.18 185.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 88.43 185.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 128.44 185.10 Td (expenses,� ) Tj ET Q q 0 0 0 rg BT 173.72 185.10 Td (but ) Tj ET Q q 0 0 0 rg BT 188.74 185.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 224.31 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.34 185.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 267.68 185.10 Td (both ) Tj ET Q q 0 0 0 rg BT 287.70 185.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 326.05 185.10 Td (related ) Tj ET Q q 0 0 0 rg BT 355.50 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.52 185.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 387.76 185.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 427.77 185.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 468.62 185.10 Td (which ) Tj ET Q q 0 0 0 rg BT 495.30 185.10 Td (were ) Tj ET Q q 0 0 0 rg BT 516.98 185.10 Td (reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.69 173.10 Td (�Other ) Tj ET Q q 0 0 0 rg BT 91.30 173.10 Td (expenses,� ) Tj ET Q q 0 0 0 rg BT 137.75 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.59 173.10 Td (also ) Tj ET Q q 0 0 0 rg BT 175.11 173.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 217.95 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.69 173.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.65 173.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.50 173.10 Td (third ) Tj ET Q q 0 0 0 rg BT 288.79 173.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 321.36 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.76 173.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 348.17 173.10 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 416.00 173.10 Td (had ) Tj ET Q q 0 0 0 rg BT 433.85 173.10 Td (no ) Tj ET Q q 0 0 0 rg BT 447.25 173.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 477.87 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.28 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.02 173.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 544.74 173.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 90.04 161.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 131.14 161.10 Td (net ) Tj ET Q q 0 0 0 rg BT 145.85 161.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 180.29 161.10 Td (current ) Tj ET Q q 0 0 0 rg BT 211.10 161.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 239.43 161.10 Td (total ) Tj ET Q q 0 0 0 rg BT 259.71 161.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 288.04 161.10 Td (current ) Tj ET Q q 0 0 0 rg BT 318.85 161.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 361.07 161.10 Td (total ) Tj ET Q q 0 0 0 rg BT 381.34 161.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 421.06 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.89 161.10 Td (stockholders�) Tj ET Q q 0 0 0 rg BT 485.02 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.52 161.10 Td (equity) Tj ET Q q 0 0 0 rg BT 511.87 161.10 Td (.) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 76.17 713.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 100.35 713.25 Td (Equivalents, ) Tj ET Q q 0 0 0 rg BT 155.92 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.54 713.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 220.91 713.25 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 689.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.99 689.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 119.29 689.25 Td (all ) Tj ET Q q 0 0 0 rg BT 131.70 689.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 159.67 689.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 185.42 689.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 235.62 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.81 689.25 Td (be ) Tj ET Q q 0 0 0 rg BT 257.67 689.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 277.85 689.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 325.81 689.25 Td (if ) Tj ET Q q 0 0 0 rg BT 334.34 689.25 Td (they ) Tj ET Q q 0 0 0 rg BT 353.97 689.25 Td (have ) Tj ET Q q 0 0 0 rg BT 375.26 689.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 417.67 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.42 689.25 Td (three ) Tj ET Q q 0 0 0 rg BT 450.82 689.25 Td (months ) Tj ET Q q 0 0 0 rg BT 482.69 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 493.43 689.25 Td (less ) Tj ET Q q 0 0 0 rg BT 510.85 689.25 Td (at ) Tj ET Q q 0 0 0 rg BT 520.48 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.12 689.25 Td (date ) Tj ET Q q 0 0 0 rg BT 554.19 689.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 91.11 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.42 677.25 Td (The ) Tj ET Q q 0 0 0 rg BT 113.54 677.25 Td (following ) Tj ET Q q 0 0 0 rg BT 156.00 677.25 Td (table ) Tj ET Q q 0 0 0 rg BT 179.00 677.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 217.01 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.02 677.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 283.56 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.47 677.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 319.31 677.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.64 677.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 392.26 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.27 677.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 451.04 677.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 472.38 677.25 Td (as ) Tj ET Q q 0 0 0 rg BT 484.28 677.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 521.17 677.25 Td (within ) Tj ET Q q 0 0 0 rg BT 550.29 677.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.95 665.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 139.83 665.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 168.61 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.07 665.25 Td (�Cash, ) Tj ET Q q 0 0 0 rg BT 208.68 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 229.12 665.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 279.84 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.96 665.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 336.83 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 357.28 665.25 Td (at ) Tj ET Q q 0 0 0 rg BT 367.17 665.25 Td (end ) Tj ET Q q 0 0 0 rg BT 384.29 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.29 665.25 Td (year� ) Tj ET Q q 0 0 0 rg BT 419.61 665.25 Td (as ) Tj ET Q q 0 0 0 rg BT 430.62 665.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 466.61 665.25 Td (within ) Tj ET Q q 0 0 0 rg BT 494.84 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.73 665.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 653.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 129.21 653.25 Td (Flows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 612.75 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 582.75 375.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 582.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 582.75 65.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 582.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 582.75 65.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 627.75 m 493 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 627.75 m 562 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 612.75 m 424 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 627.75 m 493 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 612.75 m 493 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 627.75 m 497 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 627.75 m 562 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 612.75 m 562 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 612.75 m 424 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 612.75 m 493 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 612.75 m 562 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 582.75 m 493 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 582.75 m 562 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 582.75 m 493 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 560.75 m 493 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 558.75 m 493 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 582.75 m 562 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 560.75 m 562 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 558.75 m 562 558.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.45 632.42 Td (December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 617.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 617.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 617.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 602.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 602.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 602.42 Td (516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 602.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 602.42 Td (38,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 587.42 Td (Restricted cash included in other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 587.42 Td (32,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 587.42 Td (16,389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 573.32 Td (T) Tj ET Q q 0 0 0 rg BT 68.91 573.32 Td (otal cash, cash equivalents, and restricted cash shown in the Consolidated Statements of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 563.32 Td (Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 564.42 Td (33,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 564.42 Td (54,949) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 536.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 106.70 536.25 Td (included ) Tj ET Q q 0 0 0 rg BT 143.66 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.97 536.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 193.70 536.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 213.99 536.25 Td (included ) Tj ET Q q 0 0 0 rg BT 250.96 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.26 536.25 Td (�Other ) Tj ET Q q 0 0 0 rg BT 291.00 536.25 Td (assets� ) Tj ET Q q 0 0 0 rg BT 321.29 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.60 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.35 536.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 407.19 536.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 462.49 536.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 497.22 536.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 525.85 536.25 Td (represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (escrow ) Tj ET Q q 0 0 0 rg BT 80.32 524.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 117.81 524.25 Td (that ) Tj ET Q q 0 0 0 rg BT 135.30 524.25 Td (are ) Tj ET Q q 0 0 0 rg BT 150.01 524.25 Td (legally ) Tj ET Q q 0 0 0 rg BT 179.72 524.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 219.42 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 233.58 524.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 263.28 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.11 524.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.94 524.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 311.88 524.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 355.47 524.25 Td (obligations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (Oil and Natural Gas Pr) Tj ET Q q 0 0 0 rg BT 149.32 500.25 Td (operties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 476.25 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 119.02 476.25 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.85 476.25 Td (��) Tj ET Q q 0 0 0 rg BT 149.67 476.25 Td (W) Tj ET Q q 0 0 0 rg BT 158.31 476.25 Td (e ) Tj ET Q q 0 0 0 rg BT 165.38 476.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 194.11 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.96 476.25 Td (full ) Tj ET Q q 0 0 0 rg BT 225.48 476.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 244.21 476.25 Td (method ) Tj ET Q q 0 0 0 rg BT 276.84 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.80 476.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 334.30 476.25 Td (for ) Tj ET Q q 0 0 0 rg BT 348.59 476.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.77 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.84 476.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 409.24 476.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 425.20 476.25 Td (properties.��Under ) Tj ET Q q 0 0 0 rg BT 500.30 476.25 Td (this ) Tj ET Q q 0 0 0 rg BT 517.38 476.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 552.50 476.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.02 464.25 Td (related ) Tj ET Q q 0 0 0 rg BT 101.75 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.05 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.79 464.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 175.69 464.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 223.75 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.71 464.25 Td (development ) Tj ET Q q 0 0 0 rg BT 294.89 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.74 464.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 318.82 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.78 464.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.06 464.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 381.91 464.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 417.20 464.25 Td (are ) Tj ET Q q 0 0 0 rg BT 431.92 464.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 477.75 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.71 464.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 547.76 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 558.06 464.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (single ) Tj ET Q q 0 0 0 rg BT 76.67 452.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 96.07 452.25 Td (center ) Tj ET Q q 0 0 0 rg BT 123.78 452.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 176.49 452.25 Td (our ) Tj ET Q q 0 0 0 rg BT 193.11 452.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 235.00 452.25 Td (which ) Tj ET Q q 0 0 0 rg BT 262.72 452.25 Td (are ) Tj ET Q q 0 0 0 rg BT 278.22 452.25 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 325.93 452.25 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 374.76 452.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.82 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.33 452.25 Td (United ) Tj ET Q q 0 0 0 rg BT 431.83 452.25 Td (States.��Such ) Tj ET Q q 0 0 0 rg BT 486.51 452.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 509.80 452.25 Td (include ) Tj ET Q q 0 0 0 rg BT 542.52 452.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 94.76 440.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 118.63 440.25 Td (geological ) Tj ET Q q 0 0 0 rg BT 161.66 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.47 440.25 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 226.61 440.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 281.58 440.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 302.95 440.25 Td (rentals ) Tj ET Q q 0 0 0 rg BT 330.98 440.25 Td (on ) Tj ET Q q 0 0 0 rg BT 342.35 440.25 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 394.82 440.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 438.68 440.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 460.06 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.77 440.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 500.58 440.25 Td (both ) Tj ET Q q 0 0 0 rg BT 519.74 440.25 Td (productive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.74 428.25 Td (nonproductive ) Tj ET Q q 0 0 0 rg BT 127.31 428.25 Td (wells, ) Tj ET Q q 0 0 0 rg BT 153.72 428.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 199.83 428.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 232.07 428.25 Td (on ) Tj ET Q q 0 0 0 rg BT 244.88 428.25 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 288.78 428.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 325.74 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.98 428.25 Td (general ) Tj ET Q q 0 0 0 rg BT 375.21 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.46 428.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 452.47 428.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 491.37 428.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 524.72 428.25 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 428.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 97.45 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.30 416.25 Td (development ) Tj ET Q q 0 0 0 rg BT 168.36 416.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 209.37 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.22 416.25 Td (do ) Tj ET Q q 0 0 0 rg BT 238.63 416.25 Td (not ) Tj ET Q q 0 0 0 rg BT 253.81 416.25 Td (include ) Tj ET Q q 0 0 0 rg BT 285.66 416.25 Td (any ) Tj ET Q q 0 0 0 rg BT 302.51 416.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 324.92 416.25 Td (related ) Tj ET Q q 0 0 0 rg BT 354.53 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.71 416.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 412.95 416.25 Td (general ) Tj ET Q q 0 0 0 rg BT 444.78 416.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 484.95 416.25 Td (overhead ) Tj ET Q q 0 0 0 rg BT 524.00 416.25 Td (or ) Tj ET Q q 0 0 0 rg BT 534.74 416.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (activities.��) Tj ET Q q 0 0 0 rg BT 92.92 404.25 Td (W) Tj ET Q q 0 0 0 rg BT 101.56 404.25 Td (e ) Tj ET Q q 0 0 0 rg BT 108.62 404.25 Td (assign ) Tj ET Q q 0 0 0 rg BT 136.24 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.08 404.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 189.25 404.25 Td (price ) Tj ET Q q 0 0 0 rg BT 211.86 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.81 404.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 235.99 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.05 404.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 283.44 404.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 299.40 404.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 342.01 404.25 Td (we ) Tj ET Q q 0 0 0 rg BT 356.29 404.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 388.34 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.74 404.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 429.14 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.20 404.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 497.13 404.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 539.74 404.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (on ) Tj ET Q q 0 0 0 rg BT 60.88 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.48 392.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 114.18 392.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 129.43 392.25 Td (values ) Tj ET Q q 0 0 0 rg BT 156.36 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 166.07 392.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 197.43 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.59 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.19 392.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 258.47 392.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 306.51 392.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 347.33 392.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 373.14 392.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 424.51 392.25 Td (\(�F) Tj ET Q q 0 0 0 rg BT 437.10 392.25 Td (ASC�\) ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 465.70 392.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 484.86 392.25 Td (V) Tj ET Q q 0 0 0 rg BT 489.86 392.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 508.46 392.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 538.64 392.25 Td (ement) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (topic.��Proceeds ) Tj ET Q q 0 0 0 rg BT 116.66 380.25 Td (received ) Tj ET Q q 0 0 0 rg BT 154.08 380.25 Td (from ) Tj ET Q q 0 0 0 rg BT 177.09 380.25 Td (disposals ) Tj ET Q q 0 0 0 rg BT 217.32 380.25 Td (are ) Tj ET Q q 0 0 0 rg BT 233.09 380.25 Td (credited ) Tj ET Q q 0 0 0 rg BT 268.86 380.25 Td (against ) Tj ET Q q 0 0 0 rg BT 300.75 380.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 354.84 380.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 378.41 380.25 Td (except ) Tj ET Q q 0 0 0 rg BT 408.06 380.25 Td (when ) Tj ET Q q 0 0 0 rg BT 433.29 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.07 380.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 468.18 380.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 512.28 380.25 Td (a ) Tj ET Q q 0 0 0 rg BT 520.29 380.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 84.75 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.54 368.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 133.27 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.52 368.25 Td (which ) Tj ET Q q 0 0 0 rg BT 170.43 368.25 Td (case ) Tj ET Q q 0 0 0 rg BT 190.10 368.25 Td (a ) Tj ET Q q 0 0 0 rg BT 197.01 368.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 216.69 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.49 368.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.52 368.25 Td (would ) Tj ET Q q 0 0 0 rg BT 272.99 368.25 Td (be ) Tj ET Q q 0 0 0 rg BT 284.90 368.25 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 333.73 368.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.65 368.25 Td (A) Tj ET Q q 0 0 0 rg BT 342.32 368.25 Td ( ) Tj ET Q q 0 0 0 rg BT 344.79 368.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 380.03 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.83 368.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 411.63 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 422.43 368.25 Td (more ) Tj ET Q q 0 0 0 rg BT 445.44 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.24 368.25 Td (our ) Tj ET Q q 0 0 0 rg BT 472.04 368.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 502.28 368.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 537.50 368.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 356.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 107.25 356.25 Td (significant. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 332.25 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 112.45 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.42 332.25 Td (Depr) Tj ET Q q 0 0 0 rg BT 153.90 332.25 Td (eciation.��) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.72 332.25 Td (The ) Tj ET Q q 0 0 0 rg BT 214.12 332.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 237.96 332.25 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 287.61 332.25 Td (including ) Tj ET Q q 0 0 0 rg BT 329.23 332.25 Td (production ) Tj ET Q q 0 0 0 rg BT 376.40 332.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 422.45 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.74 332.25 Td (future ) Tj ET Q q 0 0 0 rg BT 468.46 332.25 Td (development ) Tj ET Q q 0 0 0 rg BT 523.95 332.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 550.30 332.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (depleted ) Tj ET Q q 0 0 0 rg BT 87.01 320.25 Td (or ) Tj ET Q q 0 0 0 rg BT 98.97 320.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 148.68 320.25 Td (using ) Tj ET Q q 0 0 0 rg BT 173.99 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.84 320.25 Td (unit-of-production ) Tj ET Q q 0 0 0 rg BT 267.35 320.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 303.48 320.25 Td (based ) Tj ET Q q 0 0 0 rg BT 329.88 320.25 Td (on ) Tj ET Q q 0 0 0 rg BT 343.51 320.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.92 320.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 389.11 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.18 320.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 438.58 320.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 455.54 320.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 491.93 320.25 Td (as ) Tj ET Q q 0 0 0 rg BT 503.90 320.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 552.51 320.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 100.79 308.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 143.75 308.25 Td (engineers.��Oil ) Tj ET Q q 0 0 0 rg BT 204.77 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.62 308.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.81 308.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 267.56 308.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 302.73 308.25 Td (are ) Tj ET Q q 0 0 0 rg BT 317.36 308.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 359.20 308.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.40 308.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 413.47 308.25 Td (units ) Tj ET Q q 0 0 0 rg BT 435.34 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 447.76 308.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.62 308.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 477.04 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.79 308.25 Td (6,000 ) Tj ET Q q 0 0 0 rg BT 512.71 308.25 Td (cubic ) Tj ET Q q 0 0 0 rg BT 536.78 308.25 Td (feet ) Tj ET Q q 0 0 0 rg BT 554.19 308.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.76 296.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.59 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.87 296.25 Td (one ) Tj ET Q q 0 0 0 rg BT 122.81 296.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 148.63 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.46 296.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 184.16 296.25 Td (oil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 272.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 95.12 272.25 Td (full ) Tj ET Q q 0 0 0 rg BT 111.64 272.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 130.39 272.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 179.39 272.25 Td (we ) Tj ET Q q 0 0 0 rg BT 193.68 272.25 Td (may ) Tj ET Q q 0 0 0 rg BT 213.53 272.25 Td (exclude ) Tj ET Q q 0 0 0 rg BT 247.26 272.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 277.10 272.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 328.04 272.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.67 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 372.75 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.60 272.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 440.77 272.25 Td (base ) Tj ET Q q 0 0 0 rg BT 461.17 272.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 496.02 272.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 554.19 272.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.69 260.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 115.44 260.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 151.18 260.25 Td (can ) Tj ET Q q 0 0 0 rg BT 168.04 260.25 Td (be ) Tj ET Q q 0 0 0 rg BT 180.45 260.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 217.87 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.63 260.25 Td (such ) Tj ET Q q 0 0 0 rg BT 249.94 260.25 Td (properties.��) Tj ET Q q 0 0 0 rg BT 297.25 260.25 Td (The ) Tj ET Q q 0 0 0 rg BT 315.78 260.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 338.76 260.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 379.50 260.25 Td (as ) Tj ET Q q 0 0 0 rg BT 390.81 260.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 442.10 260.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.29 260.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 503.58 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.34 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.54 260.25 Td (full ) Tj ET Q q 0 0 0 rg BT 546.40 260.25 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.13 248.25 Td (base ) Tj ET Q q 0 0 0 rg BT 123.98 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 135.40 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.71 248.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 193.78 248.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.08 248.25 Td (developed, ) Tj ET Q q 0 0 0 rg BT 255.76 248.25 Td (tested ) Tj ET Q q 0 0 0 rg BT 282.17 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.70 248.25 Td (evaluated. ) Tj ET Q q 0 0 0 rg BT 343.60 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.00 248.25 Td (At ) Tj ET Q q 0 0 0 rg BT 359.09 248.25 Td (least ) Tj ET Q q 0 0 0 rg BT 380.51 248.25 Td (annually) Tj ET Q q 0 0 0 rg BT 414.29 248.25 Td (, ) Tj ET Q q 0 0 0 rg BT 419.88 248.25 Td (we ) Tj ET Q q 0 0 0 rg BT 434.63 248.25 Td (test ) Tj ET Q q 0 0 0 rg BT 451.60 248.25 Td (these ) Tj ET Q q 0 0 0 rg BT 475.24 248.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.66 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 516.40 248.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (based ) Tj ET Q q 0 0 0 rg BT 74.68 236.25 Td (on ) Tj ET Q q 0 0 0 rg BT 87.09 236.25 Td (an ) Tj ET Q q 0 0 0 rg BT 98.94 236.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 143.00 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.74 236.25 Td (management�) Tj ET Q q 0 0 0 rg BT 207.60 236.25 Td (s ) Tj ET Q q 0 0 0 rg BT 213.90 236.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 266.29 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.03 236.25 Td (future ) Tj ET Q q 0 0 0 rg BT 303.32 236.25 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 336.56 236.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 380.62 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.36 236.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 413.75 236.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 456.70 236.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 483.83 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.68 236.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 534.74 236.25 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.97 224.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 145.38 224.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.58 224.25 Td (As ) Tj ET Q q 0 0 0 rg BT 161.51 224.25 Td (a ) Tj ET Q q 0 0 0 rg BT 168.76 224.25 Td (result ) Tj ET Q q 0 0 0 rg BT 193.79 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.94 224.25 Td (this ) Tj ET Q q 0 0 0 rg BT 222.21 224.25 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 259.74 224.25 Td (we ) Tj ET Q q 0 0 0 rg BT 274.22 224.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 320.89 224.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 373.70 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.85 224.25 Td (our ) Tj ET Q q 0 0 0 rg BT 400.99 224.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 452.12 224.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 474.94 224.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.31 224.25 Td ($18.2 ) Tj ET Q q 0 0 0 rg BT 533.62 224.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.33 212.25 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 91.23 212.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.12 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.51 212.25 Td (during ) Tj ET Q q 0 0 0 rg BT 151.01 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.63 212.25 Td (years ) Tj ET Q q 0 0 0 rg BT 189.12 212.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.39 212.25 Td (December ) Tj ET Q q 0 0 0 rg BT 258.87 212.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 273.76 212.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 296.16 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.99 212.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 337.88 212.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 385.54 212.25 Td (, ) Tj ET Q q 0 0 0 rg BT 390.44 212.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 427.26 212.25 Td (these ) Tj ET Q q 0 0 0 rg BT 450.20 212.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 472.59 212.25 Td (were ) Tj ET Q q 0 0 0 rg BT 494.42 212.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 540.12 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 212.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (full ) Tj ET Q q 0 0 0 rg BT 66.43 200.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 85.58 200.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 139.16 200.25 Td (base. ) Tj ET Q q 0 0 0 rg BT 162.47 200.25 Td ( ) Tj ET Q q 0 0 0 rg BT 165.30 200.25 Td (W) Tj ET Q q 0 0 0 rg BT 173.94 200.25 Td (e ) Tj ET Q q 0 0 0 rg BT 181.42 200.25 Td (did ) Tj ET Q q 0 0 0 rg BT 197.24 200.25 Td (not ) Tj ET Q q 0 0 0 rg BT 213.06 200.25 Td (record ) Tj ET Q q 0 0 0 rg BT 241.64 200.25 Td (any ) Tj ET Q q 0 0 0 rg BT 259.12 200.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 312.16 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.53 200.25 Td (our ) Tj ET Q q 0 0 0 rg BT 339.90 200.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 391.26 200.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 414.30 200.25 Td (during ) Tj ET Q q 0 0 0 rg BT 443.45 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.71 200.25 Td (year ) Tj ET Q q 0 0 0 rg BT 478.96 200.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.88 200.25 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 200.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 176.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 164.25 Td (W) Tj ET Q q 0 0 0 rg BT 77.32 164.25 Td (rite-Down ) Tj ET Q q 0 0 0 rg BT 123.33 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.34 164.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 150.37 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.18 164.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 205.19 164.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 224.55 164.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 234.92 164.25 Td (operties.� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.48 164.25 Td (The ) Tj ET Q q 0 0 0 rg BT 294.71 164.25 Td (net ) Tj ET Q q 0 0 0 rg BT 309.62 164.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 355.61 164.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 378.30 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.31 164.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 402.56 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.68 164.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 450.13 164.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 466.15 164.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 508.82 164.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.72 164.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 554.73 164.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.51 152.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 90.07 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.19 152.25 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 153.97 152.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 172.87 152.25 Td (or ) Tj ET Q q 0 0 0 rg BT 183.99 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.00 152.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 217.90 152.25 Td (center ) Tj ET Q q 0 0 0 rg BT 245.12 152.25 Td (ceiling.��) Tj ET Q q 0 0 0 rg BT 279.65 152.25 Td (The ) Tj ET Q q 0 0 0 rg BT 297.99 152.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 316.89 152.25 Td (center ) Tj ET Q q 0 0 0 rg BT 344.11 152.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 374.11 152.25 Td (is ) Tj ET Q q 0 0 0 rg BT 383.58 152.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 416.36 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 427.48 152.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 441.93 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.94 152.25 Td (present ) Tj ET Q q 0 0 0 rg BT 488.61 152.25 Td (value ) Tj ET Q q 0 0 0 rg BT 513.06 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.18 152.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.96 140.25 Td (net ) Tj ET Q q 0 0 0 rg BT 90.75 140.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.87 140.25 Td (from ) Tj ET Q q 0 0 0 rg BT 150.89 140.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 181.24 140.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 194.37 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.39 140.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 241.73 140.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 257.64 140.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 292.98 140.25 Td (before ) Tj ET Q q 0 0 0 rg BT 321.10 140.25 Td (future ) Tj ET Q q 0 0 0 rg BT 347.55 140.25 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 404.01 140.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 426.59 140.25 Td (\(discounted ) Tj ET Q q 0 0 0 rg BT 475.82 140.25 Td (at ) Tj ET Q q 0 0 0 rg BT 485.62 140.25 Td (10%\), ) Tj ET Q q 0 0 0 rg BT 512.36 140.25 Td (based ) Tj ET Q q 0 0 0 rg BT 537.71 140.25 Td (on ) Tj ET Q q 0 0 0 rg BT 550.28 140.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (average ) Tj ET Q q 0 0 0 rg BT 83.69 128.25 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 176.76 128.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 190.42 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.96 128.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 238.83 128.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 255.26 128.25 Td (price ) Tj ET Q q 0 0 0 rg BT 278.35 128.25 Td (for ) Tj ET Q q 0 0 0 rg BT 293.11 128.25 Td (each ) Tj ET Q q 0 0 0 rg BT 314.53 128.25 Td (month ) Tj ET Q q 0 0 0 rg BT 343.19 128.25 Td (during ) Tj ET Q q 0 0 0 rg BT 372.40 128.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.94 128.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 421.93 128.25 Td (rolling ) Tj ET Q q 0 0 0 rg BT 451.70 128.25 Td (period ) Tj ET Q q 0 0 0 rg BT 480.35 128.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 502.89 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.77 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.09 128.25 Td (end ) Tj ET Q q 0 0 0 rg BT 546.64 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 558.07 128.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 90.53 116.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 129.90 116.25 Td (period; ) Tj ET Q q 0 0 0 rg BT 160.94 116.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 180.33 116.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 194.71 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.64 116.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 228.47 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.51 116.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 282.22 116.25 Td (not ) Tj ET Q q 0 0 0 rg BT 297.71 116.25 Td (being ) Tj ET Q q 0 0 0 rg BT 322.65 116.25 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 368.12 116.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 387.51 116.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 401.89 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.82 116.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 442.31 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.35 116.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 472.18 116.25 Td (or ) Tj ET Q q 0 0 0 rg BT 483.23 116.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 524.27 116.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 116.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 104.25 Td (unproved ) Tj ET Q q 0 0 0 rg BT 100.63 104.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 143.13 104.25 Td (included ) Tj ET Q q 0 0 0 rg BT 180.08 104.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.38 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.11 104.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 227.63 104.25 Td (being ) Tj ET Q q 0 0 0 rg BT 252.36 104.25 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 297.35 104.25 Td (if ) Tj ET Q q 0 0 0 rg BT 305.98 104.25 Td (any; ) Tj ET Q q 0 0 0 rg BT 325.71 104.25 Td (less ) Tj ET Q q 0 0 0 rg BT 343.23 104.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 357.40 104.25 Td (related ) Tj ET Q q 0 0 0 rg BT 387.12 104.25 Td (income ) Tj ET Q q 0 0 0 rg BT 419.07 104.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.81 104.25 Td (ef) Tj ET Q q 0 0 0 rg BT 441.39 104.25 Td (fects.��Our ) Tj ET Q q 0 0 0 rg BT 485.84 104.25 Td (future ) Tj ET Q q 0 0 0 rg BT 512.23 104.25 Td (net ) Tj ET Q q 0 0 0 rg BT 526.96 104.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.58 92.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 101.98 92.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 115.18 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.25 92.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 162.66 92.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 178.63 92.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 214.02 92.25 Td (are ) Tj ET Q q 0 0 0 rg BT 228.87 92.25 Td (not ) Tj ET Q q 0 0 0 rg BT 244.28 92.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 278.57 92.25 Td (for ) Tj ET Q q 0 0 0 rg BT 292.87 92.25 Td (development ) Tj ET Q q 0 0 0 rg BT 347.15 92.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 369.79 92.25 Td (related ) Tj ET Q q 0 0 0 rg BT 399.63 92.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.05 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.90 92.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 443.65 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.62 92.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 486.70 92.25 Td (for ) Tj ET Q q 0 0 0 rg BT 501.00 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.08 92.25 Td (developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 78.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 68.83 80.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 103.77 80.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 119.29 80.25 Td (those ) Tj ET Q q 0 0 0 rg BT 142.58 80.25 Td (related ) Tj ET Q q 0 0 0 rg BT 171.97 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.93 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.33 80.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 214.62 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.14 80.25 Td (constructing ) Tj ET Q q 0 0 0 rg BT 276.76 80.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 290.65 78.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.90 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.08 80.25 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 336.87 80.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.39 80.25 Td (we ) Tj ET Q q 0 0 0 rg BT 361.23 80.25 Td (do ) Tj ET Q q 0 0 0 rg BT 373.42 80.25 Td (not ) Tj ET Q q 0 0 0 rg BT 388.38 80.25 Td (have ) Tj ET Q q 0 0 0 rg BT 409.44 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.41 80.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 442.14 80.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 484.31 80.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.50 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.46 80.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 550.30 80.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.52 68.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.33 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.02 68.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 139.03 68.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 154.61 68.25 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 194.69 68.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 238.86 68.25 Td (we ) Tj ET Q q 0 0 0 rg BT 252.77 68.25 Td (include ) Tj ET Q q 0 0 0 rg BT 284.45 68.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.48 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.95 68.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 338.41 68.25 Td (test, ) Tj ET Q q 0 0 0 rg BT 357.05 68.25 Td (as ) Tj ET Q q 0 0 0 rg BT 367.63 68.25 Td (a ) Tj ET Q q 0 0 0 rg BT 374.32 68.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 414.33 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.92 68.25 Td (future ) Tj ET Q q 0 0 0 rg BT 451.04 68.25 Td (net ) Tj ET Q q 0 0 0 rg BT 465.51 68.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 505.80 68.25 Td (that ) Tj ET Q q 0 0 0 rg BT 523.04 68.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.18 68.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.25 Td (our ) Tj ET Q q 0 0 0 rg BT 64.84 56.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 110.16 56.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.06 54.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.31 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.32 56.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 151.33 56.25 Td (related ) Tj ET Q q 0 0 0 rg BT 180.55 56.25 Td (to ) Tj ET Q q 0 0 0 rg BT 190.34 56.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 204.23 54.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.48 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.50 56.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 244.27 56.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.72 56.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 274.61 54.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.86 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.88 56.25 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 318.00 56.25 Td (that ) Tj ET Q q 0 0 0 rg BT 335.01 56.25 Td (we ) Tj ET Q q 0 0 0 rg BT 348.68 56.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 384.01 56.25 Td (will ) Tj ET Q q 0 0 0 rg BT 401.58 56.25 Td (be ) Tj ET Q q 0 0 0 rg BT 413.04 56.25 Td (consumed ) Tj ET Q q 0 0 0 rg BT 455.60 56.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.39 56.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.62 56.25 Td (process ) Tj ET Q q 0 0 0 rg BT 511.63 56.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.97 56.25 Td (producing ) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.09 713.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 95.12 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.94 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.64 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 154.67 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 170.26 713.10 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 210.34 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 228.15 713.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 244.29 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 268.20 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.80 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.39 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 307.21 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.91 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 353.93 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 369.53 713.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 411.77 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 450.13 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.06 713.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.10 713.10 Td (included ) Tj ET Q q 0 0 0 rg BT 510.79 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.83 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.31 713.10 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 68.17 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 78.78 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 92.72 701.10 Td (do ) Tj ET Q q 0 0 0 rg BT 105.00 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 120.06 701.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 160.11 701.10 Td (these ) Tj ET Q q 0 0 0 rg BT 182.94 701.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 221.31 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.93 701.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 258.08 701.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 307.03 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.97 701.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 367.13 701.10 Td (purposes.��) Tj ET Q q 0 0 0 rg BT 410.00 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 427.83 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 446.22 701.10 Td (center ) Tj ET Q q 0 0 0 rg BT 472.92 701.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 502.42 701.10 Td (test ) Tj ET Q q 0 0 0 rg BT 518.58 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.54 701.10 Td (prepared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (quarterly) Tj ET Q q 0 0 0 rg BT 84.94 689.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.94 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.26 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.90 689.10 Td (e ) Tj ET Q q 0 0 0 rg BT 107.84 689.10 Td (did ) Tj ET Q q 0 0 0 rg BT 123.12 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 138.40 689.10 Td (record ) Tj ET Q q 0 0 0 rg BT 166.43 689.10 Td (any ) Tj ET Q q 0 0 0 rg BT 183.37 689.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 213.08 689.10 Td (test ) Tj ET Q q 0 0 0 rg BT 229.47 689.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 281.96 689.10 Td (during ) Tj ET Q q 0 0 0 rg BT 310.57 689.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 335.57 689.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 358.07 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 368.90 689.10 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 665.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 91.97 665.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 113.45 665.10 Td (est ) Tj ET Q q 0 0 0 rg BT 127.90 665.10 Td (Operations.� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.48 665.10 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 238.50 665.10 Td (all ) Tj ET Q q 0 0 0 rg BT 251.29 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.42 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.54 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 291.90 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.13 665.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.69 665.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 355.82 665.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 404.16 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.39 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 467.52 665.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 506.41 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.42 665.10 Td (conducted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 77.67 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 97.51 653.10 Td (others.��) Tj ET Q q 0 0 0 rg BT 129.27 653.10 Td (These ) Tj ET Q q 0 0 0 rg BT 155.20 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.24 653.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 236.51 653.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 264.10 653.10 Td (only ) Tj ET Q q 0 0 0 rg BT 283.94 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.32 653.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 355.25 653.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.75 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.58 653.10 Td (such ) Tj ET Q q 0 0 0 rg BT 416.97 653.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 457.63 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.12 653.10 Td (any ) Tj ET Q q 0 0 0 rg BT 490.62 653.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 526.57 653.10 Td (due ) Tj ET Q q 0 0 0 rg BT 543.06 653.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.55 641.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 107.25 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.96 641.10 Td (included ) Tj ET Q q 0 0 0 rg BT 158.89 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.17 641.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 191.66 641.10 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.25 617.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 104.64 617.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 144.93 617.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.77 617.10 Td (��Our ) Tj ET Q q 0 0 0 rg BT 193.28 617.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 224.12 617.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 267.73 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.90 617.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 324.96 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.70 617.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 376.09 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.05 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.89 617.10 Td (already ) Tj ET Q q 0 0 0 rg BT 445.28 617.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 484.45 617.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.62 617.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 605.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.20 605.10 Td (over ) Tj ET Q q 0 0 0 rg BT 93.37 605.10 Td (many ) Tj ET Q q 0 0 0 rg BT 117.99 605.10 Td (years; ) Tj ET Q q 0 0 0 rg BT 144.27 605.10 Td (however) Tj ET Q q 0 0 0 rg BT 178.30 605.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.21 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.39 605.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 240.75 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 260.94 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.56 605.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 317.40 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.24 605.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 376.07 605.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 429.04 605.10 Td (\(�SEC�\) ) Tj ET Q q 0 0 0 rg BT 465.32 605.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 487.17 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.01 605.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 550.85 605.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 91.37 593.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 122.69 593.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 161.50 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.71 593.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 206.92 593.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 249.33 593.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 280.65 593.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 316.97 593.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 361.61 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 382.94 593.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 424.25 593.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 462.78 593.10 Td (techniques, ) Tj ET Q q 0 0 0 rg BT 511.59 593.10 Td (such ) Tj ET Q q 0 0 0 rg BT 533.47 593.10 Td (as ) Tj ET Q q 0 0 0 rg BT 545.36 593.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.25 591.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (injection, ) Tj ET Q q 0 0 0 rg BT 89.83 581.10 Td (until ) Tj ET Q q 0 0 0 rg BT 111.01 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 125.51 581.10 Td (can ) Tj ET Q q 0 0 0 rg BT 142.23 581.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 193.94 581.10 Td (production ) Tj ET Q q 0 0 0 rg BT 240.10 581.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 277.94 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 300.22 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.28 581.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 346.99 581.10 Td (process ) Tj ET Q q 0 0 0 rg BT 379.82 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.99 581.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 418.83 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.89 581.10 Td (field ) Tj ET Q q 0 0 0 rg BT 455.06 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 464.57 581.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 507.96 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.57 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 530.85 581.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (flood.��) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.17 545.10 Td (capitalize, ) Tj ET Q q 0 0 0 rg BT 126.56 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.48 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.51 545.10 Td (development ) Tj ET Q q 0 0 0 rg BT 198.75 545.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 219.95 545.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 257.53 545.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.12 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.49 545.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 315.30 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.88 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.05 545.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.96 545.10 Td (development ) Tj ET Q q 0 0 0 rg BT 433.21 545.10 Td (stage, ) Tj ET Q q 0 0 0 rg BT 458.84 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.87 545.10 Td (means ) Tj ET Q q 0 0 0 rg BT 514.01 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 528.26 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.73 545.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.29 533.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 84.63 533.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 134.41 533.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.54 533.10 Td (production ) Tj ET Q q 0 0 0 rg BT 193.44 533.10 Td (due ) Tj ET Q q 0 0 0 rg BT 210.45 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.80 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.60 533.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 249.49 531.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.74 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.31 533.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 296.77 533.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 317.39 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.40 533.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.30 533.10 Td (response\).��) Tj ET Q q 0 0 0 rg BT 415.94 533.10 Td (These ) Tj ET Q q 0 0 0 rg BT 442.39 533.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 488.27 533.10 Td (development ) Tj ET Q q 0 0 0 rg BT 542.50 533.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.22 521.10 Td (included ) Tj ET Q q 0 0 0 rg BT 99.17 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.47 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.31 521.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 173.14 521.10 Td (property ) Tj ET Q q 0 0 0 rg BT 208.53 521.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.05 521.10 Td (if ) Tj ET Q q 0 0 0 rg BT 237.67 521.10 Td (there ) Tj ET Q q 0 0 0 rg BT 259.18 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.90 521.10 Td (not ) Tj ET Q q 0 0 0 rg BT 287.19 521.10 Td (already ) Tj ET Q q 0 0 0 rg BT 318.13 521.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 347.42 521.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 377.81 521.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 412.08 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.38 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 437.89 521.10 Td (field.��) Tj ET Q q 0 0 0 rg BT 463.16 521.10 Td (After ) Tj ET Q q 0 0 0 rg BT 485.77 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.95 521.10 Td (see ) Tj ET Q q 0 0 0 rg BT 513.24 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.19 521.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (response ) Tj ET Q q 0 0 0 rg BT 86.99 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.26 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.98 509.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.87 507.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.12 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.61 509.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 172.99 509.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 193.53 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.25 509.10 Td (production ) Tj ET Q q 0 0 0 rg BT 254.07 509.10 Td (stage\), ) Tj ET Q q 0 0 0 rg BT 282.94 509.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 320.43 509.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 342.93 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 357.63 509.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 397.33 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 408.16 509.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 446.47 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.41 509.10 Td (once ) Tj ET Q q 0 0 0 rg BT 484.78 509.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 515.05 509.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 550.30 509.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 98.36 497.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 143.08 497.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 178.88 497.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 229.70 497.10 Td (development ) Tj ET Q q 0 0 0 rg BT 283.85 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 306.35 497.10 Td (become ) Tj ET Q q 0 0 0 rg BT 339.94 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 370.76 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.04 497.10 Td (depletion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 64.50 471.67 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.75 473.10 Td ( Pr) Tj ET Q q 0 0 0 rg BT 80.62 473.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 449.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.21 449.10 Td (own ) Tj ET Q q 0 0 0 rg BT 103.06 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.12 449.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 154.96 449.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.85 447.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.10 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.73 449.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 212.62 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.69 449.10 Td (non-hydrocarbon ) Tj ET Q q 0 0 0 rg BT 291.18 449.10 Td (resource, ) Tj ET Q q 0 0 0 rg BT 330.18 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.81 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.64 449.10 Td (used ) Tj ET Q q 0 0 0 rg BT 383.60 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.01 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.97 449.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 441.47 449.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 454.66 449.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 492.26 449.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 536.55 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 449.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (own ) Tj ET Q q 0 0 0 rg BT 68.32 437.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 94.90 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.94 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.53 437.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 149.11 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.04 437.10 Td (other ) Tj ET Q q 0 0 0 rg BT 181.18 437.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.21 437.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 242.69 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.07 437.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 291.42 437.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 327.99 437.10 Td (fields, ) Tj ET Q q 0 0 0 rg BT 354.30 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.68 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.71 437.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 410.20 437.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 428.46 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.84 437.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 482.20 437.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 521.57 437.10 Td (users.��) Tj ET Q q 0 0 0 rg BT 549.44 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 437.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (record ) Tj ET Q q 0 0 0 rg BT 77.27 425.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 111.15 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 132.82 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.39 425.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 170.06 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.62 425.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 194.51 423.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.76 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.00 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.01 425.10 Td (third ) Tj ET Q q 0 0 0 rg BT 231.13 425.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 260.02 425.10 Td (when ) Tj ET Q q 0 0 0 rg BT 283.91 425.10 Td (it ) Tj ET Q q 0 0 0 rg BT 291.70 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.61 425.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 340.05 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.72 425.10 Td (sold.��Expenses ) Tj ET Q q 0 0 0 rg BT 420.89 425.10 Td (related ) Tj ET Q q 0 0 0 rg BT 450.33 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.34 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.79 425.10 Td (production ) Tj ET Q q 0 0 0 rg BT 520.35 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.92 425.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 544.81 423.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.06 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.29 425.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 90.15 413.10 Td (between ) Tj ET Q q 0 0 0 rg BT 128.03 413.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 166.48 413.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 187.72 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.06 413.10 Td (third ) Tj ET Q q 0 0 0 rg BT 223.51 413.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 254.73 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.74 413.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 312.19 413.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 357.30 413.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 400.18 413.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.74 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 436.51 413.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 471.62 413.10 Td (related ) Tj ET Q q 0 0 0 rg BT 503.39 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.73 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.62 413.10 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (production.��) Tj ET Q q 0 0 0 rg BT 100.14 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.25 401.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 156.92 401.10 Td (related ) Tj ET Q q 0 0 0 rg BT 186.68 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.02 401.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 242.35 401.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 264.35 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 279.12 401.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 316.66 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.00 401.10 Td (�CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 345.33 399.67 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.25 401.10 Td (discovery ) Tj ET Q q 0 0 0 rg BT 391.69 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.69 401.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.02 401.10 Td (expenses,� ) Tj ET Q q 0 0 0 rg BT 494.62 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.62 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.40 401.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.95 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.97 389.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 121.76 389.10 Td (use ) Tj ET Q q 0 0 0 rg BT 137.34 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 151.79 389.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 189.01 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.04 389.10 Td (�Lease ) Tj ET Q q 0 0 0 rg BT 229.04 389.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.05 389.10 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 311.83 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.85 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.32 389.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 391.34 389.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 437.46 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.04 389.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 494.16 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.74 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.19 389.10 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.22 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.16 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 377.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 120.13 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 135.85 377.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 178.22 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.38 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.09 377.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 259.25 377.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 293.84 377.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 324.83 377.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 368.88 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.26 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.86 377.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 418.79 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.51 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.11 377.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 475.37 377.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 498.86 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 516.24 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.30 377.10 Td (receiving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 365.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.11 363.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.36 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.86 365.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 102.46 365.10 Td (T) Tj ET Q q 0 0 0 rg BT 107.10 365.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 136.82 365.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 174.86 365.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.09 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.59 365.10 Td (above ) Tj ET Q q 0 0 0 rg BT 225.97 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.13 365.10 Td (further ) Tj ET Q q 0 0 0 rg BT 269.83 365.10 Td (discussion\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 92.11 341.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 127.80 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.95 341.10 Td (search ) Tj ET Q q 0 0 0 rg BT 165.86 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 179.90 341.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 193.79 339.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.04 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.42 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.00 341.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 253.58 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 264.29 341.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 299.98 341.10 Td (until ) Tj ET Q q 0 0 0 rg BT 320.69 341.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 350.83 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.54 341.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 398.90 341.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 434.03 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.62 341.10 Td (established.��Once ) Tj ET Q q 0 0 0 rg BT 524.02 341.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 554.17 341.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 86.75 329.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 121.78 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.25 329.10 Td (established, ) Tj ET Q q 0 0 0 rg BT 185.45 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.71 329.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 243.29 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.34 329.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 280.60 329.10 Td (those ) Tj ET Q q 0 0 0 rg BT 303.97 329.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 339.00 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 353.47 329.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 399.04 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.75 329.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 455.77 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.37 329.10 Td (�CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 484.70 327.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.95 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.22 329.10 Td (properties� ) Tj ET Q q 0 0 0 rg BT 536.90 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 329.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.79 317.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 139.50 317.10 Td (Sheets.��Capitalized ) Tj ET Q q 0 0 0 rg BT 221.16 317.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.05 315.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.30 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.82 317.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.33 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.05 317.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 324.43 317.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.94 317.10 Td (geologic ) Tj ET Q q 0 0 0 rg BT 373.89 317.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 415.84 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.79 317.10 Td (depleted ) Tj ET Q q 0 0 0 rg BT 469.17 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.69 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.64 317.10 Td (unit-of-production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.00 305.10 Td (over ) Tj ET Q q 0 0 0 rg BT 92.27 305.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 122.54 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.48 305.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 176.96 305.10 Td (reserves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (Pipelines and Plants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.39 255.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.96 257.10 Td (used ) Tj ET Q q 0 0 0 rg BT 107.60 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.70 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.35 257.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 164.54 257.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 191.85 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.84 257.10 Td (transported ) Tj ET Q q 0 0 0 rg BT 248.14 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.24 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.88 257.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 298.42 257.10 Td (through ) Tj ET Q q 0 0 0 rg BT 331.84 257.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 345.73 255.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.98 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.30 257.10 Td (pipelines.��Costs ) Tj ET Q q 0 0 0 rg BT 419.45 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.10 257.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 443.99 255.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.24 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.56 257.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 487.98 257.10 Td (under ) Tj ET Q q 0 0 0 rg BT 513.06 257.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.57 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 78.21 245.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 126.15 245.10 Td (until ) Tj ET Q q 0 0 0 rg BT 146.34 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.42 245.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 198.38 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.45 245.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 240.40 245.10 Td (into ) Tj ET Q q 0 0 0 rg BT 257.82 245.10 Td (service.��Pipelines ) Tj ET Q q 0 0 0 rg BT 332.16 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 346.23 245.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 394.17 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.03 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.33 245.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 462.51 245.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 484.37 245.10 Td (over ) Tj ET Q q 0 0 0 rg BT 504.00 245.10 Td (their ) Tj ET Q q 0 0 0 rg BT 524.18 245.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 75.93 233.10 Td (lives, ) Tj ET Q q 0 0 0 rg BT 99.32 233.10 Td (which ) Tj ET Q q 0 0 0 rg BT 125.75 233.10 Td (range ) Tj ET Q q 0 0 0 rg BT 149.96 233.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.39 233.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.39 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.39 233.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.16 233.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 205.16 233.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.25 233.10 Td (. ) Tj ET Q q 0 0 0 rg BT 230.75 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.75 233.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 280.28 233.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 302.28 233.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.71 233.10 Td ($1) Tj ET Q q 0 0 0 rg BT 343.33 233.10 Td (17.6 ) Tj ET Q q 0 0 0 rg BT 362.83 233.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.72 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.72 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.04 233.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 417.94 231.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.19 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.18 233.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 461.28 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 471.61 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.93 233.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 540.01 233.10 Td (2019, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.49 221.10 Td (were ) Tj ET Q q 0 0 0 rg BT 87.91 221.10 Td (either ) Tj ET Q q 0 0 0 rg BT 112.67 221.10 Td (under ) Tj ET Q q 0 0 0 rg BT 137.43 221.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 188.86 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.18 221.10 Td (had ) Tj ET Q q 0 0 0 rg BT 215.61 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 230.39 221.10 Td (been ) Tj ET Q q 0 0 0 rg BT 251.26 221.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 279.34 221.10 Td (into ) Tj ET Q q 0 0 0 rg BT 296.89 221.10 Td (service ) Tj ET Q q 0 0 0 rg BT 327.20 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.64 221.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 384.21 221.10 Td (were ) Tj ET Q q 0 0 0 rg BT 405.64 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 420.41 221.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 450.73 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.50 221.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 511.91 221.10 Td (during ) Tj ET Q q 0 0 0 rg BT 540.01 221.10 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 197.10 Td (operty and Equipment � Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 93.69 173.10 Td (property ) Tj ET Q q 0 0 0 rg BT 130.98 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.83 173.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 196.96 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.82 173.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 261.56 173.10 Td (furniture ) Tj ET Q q 0 0 0 rg BT 299.96 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.82 173.10 Td (fixtures, ) Tj ET Q q 0 0 0 rg BT 354.28 173.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 392.96 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.82 173.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 452.00 173.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 497.63 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.48 173.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 555.83 173.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 99.00 161.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 145.75 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 159.17 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.03 161.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 218.77 161.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 242.20 161.10 Td (over ) Tj ET Q q 0 0 0 rg BT 263.39 161.10 Td (each ) Tj ET Q q 0 0 0 rg BT 285.13 161.10 Td (asset�) Tj ET Q q 0 0 0 rg BT 307.34 161.10 Td (s ) Tj ET Q q 0 0 0 rg BT 314.66 161.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 356.40 161.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 384.26 161.10 Td (life.��) Tj ET Q q 0 0 0 rg BT 404.91 161.10 Td (V) Tj ET Q q 0 0 0 rg BT 411.02 161.10 Td (ehicles ) Tj ET Q q 0 0 0 rg BT 442.21 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.07 161.10 Td (furniture ) Tj ET Q q 0 0 0 rg BT 498.47 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.34 161.10 Td (fixtures ) Tj ET Q q 0 0 0 rg BT 550.31 161.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.11 149.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 137.60 149.10 Td (over ) Tj ET Q q 0 0 0 rg BT 157.77 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.62 149.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 191.46 149.10 Td (life ) Tj ET Q q 0 0 0 rg BT 207.20 149.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.93 149.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.48 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.89 149.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.07 149.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 260.70 149.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.79 149.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.70 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.55 149.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 343.72 149.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 388.34 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.18 149.10 Td (software ) Tj ET Q q 0 0 0 rg BT 442.02 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 456.63 149.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 496.24 149.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 544.73 149.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.20 137.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 84.89 137.10 Td (life ) Tj ET Q q 0 0 0 rg BT 101.47 137.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.06 137.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.04 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.30 137.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.34 137.10 Td (five ) Tj ET Q q 0 0 0 rg BT 166.14 137.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.24 137.10 Td (.��Leasehold ) Tj ET Q q 0 0 0 rg BT 239.09 137.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 299.56 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 315.02 137.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 358.26 137.10 Td (over ) Tj ET Q q 0 0 0 rg BT 379.29 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.76 137.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 425.78 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.37 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.84 137.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 494.42 137.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 522.12 137.10 Td (life ) Tj ET Q q 0 0 0 rg BT 538.70 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 550.29 137.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 92.54 125.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 115.03 125.10 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.10 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 120.97 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.24 101.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 162.38 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 184.21 101.10 Td (that ) Tj ET Q q 0 0 0 rg BT 201.04 101.10 Td (do ) Tj ET Q q 0 0 0 rg BT 212.87 101.10 Td (not ) Tj ET Q q 0 0 0 rg BT 227.48 101.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 255.96 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.01 101.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 296.28 101.10 Td (life ) Tj ET Q q 0 0 0 rg BT 311.43 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.59 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.64 101.10 Td (property ) Tj ET Q q 0 0 0 rg BT 371.35 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 381.51 101.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 425.55 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.59 101.10 Td (char) Tj ET Q q 0 0 0 rg BT 456.61 101.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 472.88 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.49 101.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 516.53 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 101.10 Td (incurred.) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 95.35 713.25 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.16 689.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 127.25 689.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.68 689.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.11 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.99 689.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 245.63 689.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 284.95 689.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 314.83 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.26 689.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 361.25 689.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 397.80 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.68 689.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 445.32 689.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 491.29 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.18 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 507.72 689.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 521.61 687.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.86 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.96 689.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 84.85 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 105.77 677.25 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 170.59 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.51 677.25 Td (of) Tj ET Q q 0 0 0 rg BT 189.66 677.25 Td (ftake ) Tj ET Q q 0 0 0 rg BT 212.79 677.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 226.68 675.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.93 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.08 677.25 Td (from ) Tj ET Q q 0 0 0 rg BT 255.66 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.02 677.25 Td (Lost ) Tj ET Q q 0 0 0 rg BT 291.94 677.25 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 318.98 677.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 335.45 677.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 358.59 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.29 677.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.12 677.25 Td (yoming ) Tj ET Q q 0 0 0 rg BT 411.82 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.41 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 444.76 677.25 Td (included ) Tj ET Q q 0 0 0 rg BT 482.34 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.26 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.73 677.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 84.26 665.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 112.93 665.25 Td (under ) Tj ET Q q 0 0 0 rg BT 138.26 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.04 665.25 Td (caption ) Tj ET Q q 0 0 0 rg BT 185.03 665.25 Td (�Other ) Tj ET Q q 0 0 0 rg BT 214.80 665.25 Td (assets.� ) Tj ET Q q 0 0 0 rg BT 247.63 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.00 665.25 Td (W) Tj ET Q q 0 0 0 rg BT 258.64 665.25 Td (e ) Tj ET Q q 0 0 0 rg BT 265.64 665.25 Td (amortize ) Tj ET Q q 0 0 0 rg BT 303.18 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.95 665.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 331.85 663.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.66 665.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 372.42 665.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 414.97 665.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 436.97 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 449.53 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 456.52 665.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 507.41 665.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 529.97 665.25 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 665.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 84.79 653.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 108.71 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.58 653.25 Td (T) Tj ET Q q 0 0 0 rg BT 116.99 653.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 135.08 653.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 188.71 653.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 224.01 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 238.76 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.18 653.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 298.26 653.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 324.69 653.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.33 653.25 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 363.92 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.81 653.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.41 653.25 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 419.00 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.89 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.98 653.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.51 653.25 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 489.11 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 521.09 653.25 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 653.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (years ) Tj ET Q q 0 0 0 rg BT 73.26 641.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.80 641.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 158.54 641.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.54 641.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.70 641.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.70 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.37 641.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.46 641.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.46 641.25 Td (. ) Tj ET Q q 0 0 0 rg BT 248.63 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.09 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 269.30 641.25 Td (following ) Tj ET Q q 0 0 0 rg BT 310.85 641.25 Td (table ) Tj ET Q q 0 0 0 rg BT 332.95 641.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 383.37 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.25 641.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 434.22 641.25 Td (value ) Tj ET Q q 0 0 0 rg BT 458.54 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.53 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.52 641.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 528.17 641.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 554.17 641.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 629.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 118.91 629.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.91 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.41 629.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.35 629.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.35 629.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 588.75 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 558.75 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 558.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 603.75 m 494 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 603.75 m 563 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 588.75 m 425 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 603.75 m 494 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 588.75 m 494 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 603.75 m 498 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 603.75 m 563 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 588.75 m 563 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 558.75 m 494 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 558.75 m 563 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 558.75 m 494 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 544.75 m 494 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 542.75 m 494 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 558.75 m 563 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 544.75 m 563 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 542.75 m 563 542.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 608.42 Td (December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 593.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 593.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 593.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.42 Td (Intangible asset value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 578.42 Td (37,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 578.42 Td (37,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.42 Td (Accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 563.47 Td (\(15,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 563.47 Td (\(13,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 548.42 Td (Net book value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 548.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 548.42 Td (22,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 548.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 548.42 Td (24,774) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 520.25 Td (As ) Tj ET Q q 0 0 0 rg BT 80.99 520.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.70 520.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 150.16 520.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.16 520.25 Td (, ) Tj ET Q q 0 0 0 rg BT 175.04 520.25 Td (our ) Tj ET Q q 0 0 0 rg BT 190.75 520.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 231.45 520.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 284.36 520.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 318.95 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 332.98 520.25 Td (our ) Tj ET Q q 0 0 0 rg BT 348.69 520.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 391.06 520.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 416.77 520.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 447.47 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.63 520.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 510.54 520.25 Td (over ) Tj ET Q q 0 0 0 rg BT 530.69 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.28 520.25 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (five ) Tj ET Q q 0 0 0 rg BT 67.55 508.25 Td (years ) Tj ET Q q 0 0 0 rg BT 91.15 508.25 Td (is ) Tj ET Q q 0 0 0 rg BT 100.32 508.25 Td (as ) Tj ET Q q 0 0 0 rg BT 111.15 508.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 482.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 482.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 482.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 452.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 452.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 452.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 422.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 422.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 482.75 m 493 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 482.75 m 562 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 482.75 m 493 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 482.75 m 562 482.75 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 487.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 487.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 472.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 472.42 Td (2,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 457.42 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 457.42 Td (2,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 442.42 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 442.42 Td (2,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 427.42 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 427.42 Td (2,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 412.42 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 412.42 Td (2,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.50 408.25 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 384.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 103.11 384.25 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 154.50 384.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.33 384.25 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 217.28 384.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 360.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.45 360.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 116.73 360.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.46 360.25 Td (our ) Tj ET Q q 0 0 0 rg BT 143.19 360.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 188.90 360.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 202.79 358.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.04 360.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.44 360.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.84 360.25 Td (related ) Tj ET Q q 0 0 0 rg BT 260.44 360.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.62 360.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 284.51 358.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.76 360.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.16 360.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 325.32 360.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.16 360.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 356.05 358.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 360.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.70 360.25 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 400.20 360.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.60 360.25 Td (we ) Tj ET Q q 0 0 0 rg BT 431.66 360.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 467.38 360.25 Td (will ) Tj ET Q q 0 0 0 rg BT 485.33 360.25 Td (be ) Tj ET Q q 0 0 0 rg BT 497.17 360.25 Td (consumed ) Tj ET Q q 0 0 0 rg BT 540.12 360.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 360.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.25 Td (process ) Tj ET Q q 0 0 0 rg BT 82.19 348.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.22 348.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 136.46 348.25 Td (our ) Tj ET Q q 0 0 0 rg BT 152.49 348.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 182.95 348.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.21 348.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.35 348.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 243.81 348.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 259.83 348.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 295.29 348.25 Td (is ) Tj ET Q q 0 0 0 rg BT 304.66 348.25 Td (included ) Tj ET Q q 0 0 0 rg BT 341.79 348.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.27 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.18 348.25 Td (full ) Tj ET Q q 0 0 0 rg BT 383.77 348.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 402.57 348.25 Td (pool ) Tj ET Q q 0 0 0 rg BT 423.05 348.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 452.96 348.25 Td (test ) Tj ET Q q 0 0 0 rg BT 469.54 348.25 Td (as ) Tj ET Q q 0 0 0 rg BT 480.57 348.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.71 348.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 528.17 348.25 Td (to ) Tj ET Q q 0 0 0 rg BT 538.64 348.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.25 Td (net ) Tj ET Q q 0 0 0 rg BT 64.82 336.25 Td (revenues.��) Tj ET Q q 0 0 0 rg BT 107.67 336.25 Td (The ) Tj ET Q q 0 0 0 rg BT 126.32 336.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.96 336.25 Td (net ) Tj ET Q q 0 0 0 rg BT 185.28 336.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 231.69 336.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 254.79 336.25 Td (that ) Tj ET Q q 0 0 0 rg BT 272.88 336.25 Td (are ) Tj ET Q q 0 0 0 rg BT 288.19 336.25 Td (not ) Tj ET Q q 0 0 0 rg BT 304.07 336.25 Td (included ) Tj ET Q q 0 0 0 rg BT 341.60 336.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.48 336.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.80 336.25 Td (full ) Tj ET Q q 0 0 0 rg BT 384.79 336.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 404.00 336.25 Td (pool ) Tj ET Q q 0 0 0 rg BT 424.88 336.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 455.19 336.25 Td (test, ) Tj ET Q q 0 0 0 rg BT 474.68 336.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.21 336.25 Td (related ) Tj ET Q q 0 0 0 rg BT 522.52 336.25 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.92 324.25 Td (are ) Tj ET Q q 0 0 0 rg BT 92.72 324.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 123.63 324.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.00 324.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 177.69 324.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 199.72 324.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 248.41 324.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 277.66 324.25 Td (whenever ) Tj ET Q q 0 0 0 rg BT 319.12 324.25 Td (events ) Tj ET Q q 0 0 0 rg BT 347.25 324.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.17 324.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 392.97 324.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.34 324.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 462.57 324.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 496.81 324.25 Td (that ) Tj ET Q q 0 0 0 rg BT 514.39 324.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 324.25 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.25 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 312.25 Td (may ) Tj ET Q q 0 0 0 rg BT 93.37 312.25 Td (not ) Tj ET Q q 0 0 0 rg BT 108.65 312.25 Td (be ) Tj ET Q q 0 0 0 rg BT 120.59 312.25 Td (recoverable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 288.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 288.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.52 288.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 118.67 288.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 288.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 178.99 288.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 201.38 288.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 250.42 288.25 Td (test ) Tj ET Q q 0 0 0 rg BT 267.25 288.25 Td (by ) Tj ET Q q 0 0 0 rg BT 280.20 288.25 Td (comparing ) Tj ET Q q 0 0 0 rg BT 325.90 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.06 288.25 Td (net ) Tj ET Q q 0 0 0 rg BT 356.23 288.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.49 288.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 415.43 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 288.25 Td (our ) Tj ET Q q 0 0 0 rg BT 442.98 288.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 487.03 288.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 509.41 288.25 Td (groups ) Tj ET Q q 0 0 0 rg BT 539.58 288.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 288.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.41 276.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.32 276.25 Td (future ) Tj ET Q q 0 0 0 rg BT 156.57 276.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 212.27 276.25 Td (net ) Tj ET Q q 0 0 0 rg BT 226.86 276.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.00 276.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.60 276.25 Td (that ) Tj ET Q q 0 0 0 rg BT 288.97 276.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.56 276.25 Td (supported ) Tj ET Q q 0 0 0 rg BT 345.37 276.25 Td (by ) Tj ET Q q 0 0 0 rg BT 357.74 276.25 Td (these ) Tj ET Q q 0 0 0 rg BT 380.67 276.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 424.15 276.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.85 276.25 Td (which ) Tj ET Q q 0 0 0 rg BT 476.67 276.25 Td (include ) Tj ET Q q 0 0 0 rg BT 508.47 276.25 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 276.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 264.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.71 264.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.59 264.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 154.81 264.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.82 264.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 264.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.91 264.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 230.68 264.25 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 268.39 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.83 264.25 Td (If ) Tj ET Q q 0 0 0 rg BT 279.94 264.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 264.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 350.37 264.25 Td (net ) Tj ET Q q 0 0 0 rg BT 365.03 264.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.25 264.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 409.91 264.25 Td (are ) Tj ET Q q 0 0 0 rg BT 424.57 264.25 Td (below ) Tj ET Q q 0 0 0 rg BT 451.45 264.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 264.25 Td (net ) Tj ET Q q 0 0 0 rg BT 480.77 264.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 516.54 264.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.98 264.25 Td (for ) Tj ET Q q 0 0 0 rg BT 553.09 264.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.77 252.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 100.44 252.25 Td (we ) Tj ET Q q 0 0 0 rg BT 114.93 252.25 Td (must ) Tj ET Q q 0 0 0 rg BT 137.21 252.25 Td (record ) Tj ET Q q 0 0 0 rg BT 165.59 252.25 Td (an ) Tj ET Q q 0 0 0 rg BT 177.86 252.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.79 252.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.19 252.25 Td (by ) Tj ET Q q 0 0 0 rg BT 258.02 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.07 252.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 308.40 252.25 Td (if ) Tj ET Q q 0 0 0 rg BT 317.35 252.25 Td (any) Tj ET Q q 0 0 0 rg BT 331.14 252.25 Td (, ) Tj ET Q q 0 0 0 rg BT 336.47 252.25 Td (that ) Tj ET Q q 0 0 0 rg BT 354.30 252.25 Td (net ) Tj ET Q q 0 0 0 rg BT 369.35 252.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 405.50 252.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 428.34 252.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 458.92 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.98 252.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.69 252.25 Td (value ) Tj ET Q q 0 0 0 rg BT 515.18 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 252.25 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.25 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.00 240.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 93.93 240.25 Td (group. ) Tj ET Q q 0 0 0 rg BT 122.26 240.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.58 240.25 Td (W) Tj ET Q q 0 0 0 rg BT 133.22 240.25 Td (e ) Tj ET Q q 0 0 0 rg BT 140.16 240.25 Td (did ) Tj ET Q q 0 0 0 rg BT 155.44 240.25 Td (not ) Tj ET Q q 0 0 0 rg BT 170.72 240.25 Td (record ) Tj ET Q q 0 0 0 rg BT 198.75 240.25 Td (an ) Tj ET Q q 0 0 0 rg BT 210.69 240.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 259.29 240.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.12 240.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 313.72 240.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 339.55 240.25 Td (during ) Tj ET Q q 0 0 0 rg BT 368.16 240.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.88 240.25 Td (year ) Tj ET Q q 0 0 0 rg BT 402.59 240.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 428.96 240.25 Td (December ) Tj ET Q q 0 0 0 rg BT 472.55 240.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 487.55 240.25 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 216.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 74.77 216.25 Td (Retir) Tj ET Q q 0 0 0 rg BT 96.80 216.25 Td (ement ) Tj ET Q q 0 0 0 rg BT 125.40 216.25 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 192.25 Td (In ) Tj ET Q q 0 0 0 rg BT 79.17 192.25 Td (general, ) Tj ET Q q 0 0 0 rg BT 114.44 192.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.11 192.25 Td (future ) Tj ET Q q 0 0 0 rg BT 158.33 192.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 181.11 192.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 225.54 192.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 273.32 192.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 298.86 192.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.98 192.25 Td (future ) Tj ET Q q 0 0 0 rg BT 337.20 192.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 360.54 192.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 404.98 192.25 Td (with ) Tj ET Q q 0 0 0 rg BT 426.10 192.25 Td (plugging ) Tj ET Q q 0 0 0 rg BT 465.00 192.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.78 192.25 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 532.77 192.25 Td (our ) Tj ET Q q 0 0 0 rg BT 549.44 192.25 Td (oil, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.07 180.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.21 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.46 180.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.36 178.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.60 180.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.42 180.25 Td (wells, ) Tj ET Q q 0 0 0 rg BT 154.83 180.25 Td (removing ) Tj ET Q q 0 0 0 rg BT 194.97 180.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 238.99 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.24 180.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 291.48 180.25 Td (from ) Tj ET Q q 0 0 0 rg BT 312.73 180.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 339.53 180.25 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 374.36 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.61 180.25 Td (returning ) Tj ET Q q 0 0 0 rg BT 429.07 180.25 Td (land ) Tj ET Q q 0 0 0 rg BT 448.10 180.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.69 180.25 Td (its ) Tj ET Q q 0 0 0 rg BT 468.95 180.25 Td (original ) Tj ET Q q 0 0 0 rg BT 501.86 180.25 Td (condition.��) Tj ET Q q 0 0 0 rg BT 546.96 180.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.75 168.25 Td (value ) Tj ET Q q 0 0 0 rg BT 89.78 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.48 168.25 Td (a ) Tj ET Q q 0 0 0 rg BT 107.29 168.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 140.77 168.25 Td (for ) Tj ET Q q 0 0 0 rg BT 154.80 168.25 Td (an ) Tj ET Q q 0 0 0 rg BT 166.61 168.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 188.42 168.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 231.88 168.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 274.81 168.25 Td (is ) Tj ET Q q 0 0 0 rg BT 283.85 168.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 321.20 168.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.35 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.94 168.25 Td (period ) Tj ET Q q 0 0 0 rg BT 373.86 168.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.01 168.25 Td (which ) Tj ET Q q 0 0 0 rg BT 410.82 168.25 Td (it ) Tj ET Q q 0 0 0 rg BT 418.75 168.25 Td (is ) Tj ET Q q 0 0 0 rg BT 427.79 168.25 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 465.97 168.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 511.67 168.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.82 168.25 Td (its ) Tj ET Q q 0 0 0 rg BT 533.64 168.25 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.25 Td (value ) Tj ET Q q 0 0 0 rg BT 73.61 156.25 Td (using ) Tj ET Q q 0 0 0 rg BT 97.73 156.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.52 156.25 Td (credit-adjusted-risk-free ) Tj ET Q q 0 0 0 rg BT 212.59 156.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.47 156.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 264.41 156.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.30 156.25 Td (a ) Tj ET Q q 0 0 0 rg BT 288.20 156.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 347.86 156.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 380.31 156.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 426.06 156.25 Td (by ) Tj ET Q q 0 0 0 rg BT 438.52 156.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 482.07 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.74 156.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 532.51 156.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.31 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 144.25 Td (related ) Tj ET Q q 0 0 0 rg BT 104.68 144.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 148.25 144.25 Td (asset.��) Tj ET Q q 0 0 0 rg BT 175.01 144.25 Td (The ) Tj ET Q q 0 0 0 rg BT 193.04 144.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 226.62 144.25 Td (is ) Tj ET Q q 0 0 0 rg BT 235.76 144.25 Td (accreted ) Tj ET Q q 0 0 0 rg BT 271.54 144.25 Td (each ) Tj ET Q q 0 0 0 rg BT 292.33 144.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 322.85 144.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.77 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.46 144.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 400.24 144.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 418.83 144.25 Td (is ) Tj ET Q q 0 0 0 rg BT 427.97 144.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 476.53 144.25 Td (over ) Tj ET Q q 0 0 0 rg BT 496.77 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 144.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 538.38 144.25 Td (life ) Tj ET Q q 0 0 0 rg BT 554.18 144.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.79 132.25 Td (related ) Tj ET Q q 0 0 0 rg BT 95.07 132.25 Td (asset.��Revisions ) Tj ET Q q 0 0 0 rg BT 164.54 132.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.39 132.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 216.79 132.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 260.96 132.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 308.48 132.25 Td (will ) Tj ET Q q 0 0 0 rg BT 327.11 132.25 Td (result ) Tj ET Q q 0 0 0 rg BT 352.41 132.25 Td (in ) Tj ET Q q 0 0 0 rg BT 363.26 132.25 Td (an ) Tj ET Q q 0 0 0 rg BT 375.78 132.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 422.74 132.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.60 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.89 132.25 Td (related ) Tj ET Q q 0 0 0 rg BT 479.17 132.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 525.55 132.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 548.07 132.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.37 120.25 Td (liability) Tj ET Q q 0 0 0 rg BT 139.83 120.25 Td (.��If ) Tj ET Q q 0 0 0 rg BT 156.66 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.55 120.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 205.32 120.25 Td (for ) Tj ET Q q 0 0 0 rg BT 219.65 120.25 Td (an ) Tj ET Q q 0 0 0 rg BT 231.75 120.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 244.98 120.25 Td (or ) Tj ET Q q 0 0 0 rg BT 255.98 120.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 286.41 120.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 302.41 120.25 Td (well ) Tj ET Q q 0 0 0 rg BT 322.29 120.25 Td (is ) Tj ET Q q 0 0 0 rg BT 331.63 120.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 360.40 120.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.73 120.25 Td (an ) Tj ET Q q 0 0 0 rg BT 386.83 120.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 419.49 120.25 Td (other ) Tj ET Q q 0 0 0 rg BT 442.71 120.25 Td (than ) Tj ET Q q 0 0 0 rg BT 462.59 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.48 120.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 515.12 120.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 550.28 120.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 108.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 92.34 108.25 Td (is ) Tj ET Q q 0 0 0 rg BT 101.51 108.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 138.99 108.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.27 108.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.98 108.25 Td (full ) Tj ET Q q 0 0 0 rg BT 180.37 108.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 198.98 108.25 Td (pool, ) Tj ET Q q 0 0 0 rg BT 221.76 108.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 249.26 108.25 Td (significant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 84.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 92.73 84.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 136.82 84.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 184.27 84.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.49 84.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 240.82 84.25 Td (at ) Tj ET Q q 0 0 0 rg BT 251.04 84.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.26 84.25 Td (present ) Tj ET Q q 0 0 0 rg BT 298.15 84.25 Td (value ) Tj ET Q q 0 0 0 rg BT 322.81 84.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.15 84.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.68 84.25 Td (future ) Tj ET Q q 0 0 0 rg BT 399.57 84.25 Td (net ) Tj ET Q q 0 0 0 rg BT 414.79 84.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.57 84.25 Td (flows.��) Tj ET Q q 0 0 0 rg BT 465.11 84.25 Td (W) Tj ET Q q 0 0 0 rg BT 473.75 84.25 Td (e ) Tj ET Q q 0 0 0 rg BT 481.19 84.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 509.19 84.25 Td (unobservable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 76.41 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.65 72.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.33 72.25 Td (estimation ) Tj ET Q q 0 0 0 rg BT 145.46 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.25 72.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 178.15 72.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 221.70 72.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 268.61 72.25 Td (that ) Tj ET Q q 0 0 0 rg BT 286.07 72.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 320.47 72.25 Td (but ) Tj ET Q q 0 0 0 rg BT 335.71 72.25 Td (are ) Tj ET Q q 0 0 0 rg BT 350.38 72.25 Td (not ) Tj ET Q q 0 0 0 rg BT 365.62 72.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 396.41 72.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 409.16 72.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.62 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.41 72.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 465.42 72.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.32 72.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 523.94 72.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 552.51 72.25 Td (on ) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 70.80 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.44 713.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 102.29 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.03 713.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 158.48 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.00 713.10 Td (ef) Tj ET Q q 0 0 0 rg BT 179.59 713.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 195.88 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.51 713.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 240.69 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.00 713.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 291.62 713.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 315.42 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.16 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.68 713.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 379.87 713.10 Td (rate.��) Tj ET Q q 0 0 0 rg BT 401.80 713.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 451.14 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 454.94 713.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 475.68 713.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 518.08 713.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 701.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 110.02 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.96 701.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 142.22 701.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 149.72 701.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 205.54 701.10 Td (under ) Tj ET Q q 0 0 0 rg BT 230.80 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.52 701.10 Td (F) Tj ET Q q 0 0 0 rg BT 250.34 701.10 Td (ASC ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 272.29 701.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 292.57 701.10 Td (V) Tj ET Q q 0 0 0 rg BT 297.57 701.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 317.29 701.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 347.47 701.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.35 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.85 701.10 Td (topic.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Commodity Derivative Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 653.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.70 653.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 109.82 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 122.50 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.07 653.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 168.96 653.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.41 653.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 226.52 653.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 264.74 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 653.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 309.54 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 325.00 653.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 363.22 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.13 653.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 420.81 653.10 Td (price ) Tj ET Q q 0 0 0 rg BT 442.92 653.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 460.04 653.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 503.26 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.17 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 653.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.85 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.08 641.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 107.63 641.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.75 641.10 Td (production.��) Tj ET Q q 0 0 0 rg BT 173.40 641.10 Td (These ) Tj ET Q q 0 0 0 rg BT 199.07 641.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 240.84 641.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 278.72 641.10 Td (have ) Tj ET Q q 0 0 0 rg BT 299.39 641.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 346.17 641.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 385.18 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.30 641.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 429.04 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.61 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.62 641.10 Td (form ) Tj ET Q q 0 0 0 rg BT 473.85 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.97 641.10 Td (price ) Tj ET Q q 0 0 0 rg BT 505.74 641.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 533.36 641.10 Td (collars, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 93.21 629.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 126.09 629.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 173.68 629.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 204.36 629.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 251.95 629.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 280.13 629.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 321.61 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 343.12 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.29 629.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 371.69 629.10 Td (put, ) Tj ET Q q 0 0 0 rg BT 390.70 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.87 629.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 432.60 629.10 Td (swaps.��Our ) Tj ET Q q 0 0 0 rg BT 483.82 629.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 527.53 629.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 101.81 617.10 Td (other ) Tj ET Q q 0 0 0 rg BT 125.51 617.10 Td (than ) Tj ET Q q 0 0 0 rg BT 145.88 617.10 Td (any ) Tj ET Q q 0 0 0 rg BT 163.46 617.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 206.59 617.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 256.41 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 274.55 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.91 617.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 335.82 617.10 Td (under ) Tj ET Q q 0 0 0 rg BT 361.74 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.11 617.10 Td (�normal ) Tj ET Q q 0 0 0 rg BT 413.02 617.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 451.71 617.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 483.18 617.10 Td (sale� ) Tj ET Q q 0 0 0 rg BT 506.32 617.10 Td (exclusion, ) Tj ET Q q 0 0 0 rg BT 550.29 617.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.46 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.44 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.64 605.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 149.15 605.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 172.68 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.99 605.10 Td (either ) Tj ET Q q 0 0 0 rg BT 209.73 605.10 Td (an ) Tj ET Q q 0 0 0 rg BT 222.15 605.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 244.57 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.88 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.30 605.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 297.39 605.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 338.69 605.10 Td (at ) Tj ET Q q 0 0 0 rg BT 348.88 605.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 365.74 605.10 Td (value.��) Tj ET Q q 0 0 0 rg BT 394.72 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.35 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 410.77 605.10 Td (do ) Tj ET Q q 0 0 0 rg BT 423.76 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 439.51 605.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 464.71 605.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 491.57 605.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 538.42 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 605.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 99.06 593.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 143.06 593.10 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 185.94 593.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 232.50 593.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.01 593.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 275.23 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.02 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.25 593.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 321.14 593.10 Td (value ) Tj ET Q q 0 0 0 rg BT 346.81 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.15 593.10 Td (these ) Tj ET Q q 0 0 0 rg BT 383.71 593.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 434.39 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 450.61 593.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 498.49 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.28 593.10 Td (�Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 95.87 581.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 130.58 581.10 Td (\(income\)� ) Tj ET Q q 0 0 0 rg BT 173.61 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.89 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.72 581.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 254.99 581.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 301.38 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.21 581.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 358.58 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.86 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.58 581.10 Td (period ) Tj ET Q q 0 0 0 rg BT 411.62 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.45 581.10 Td (change.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Concentrations of Cr) Tj ET Q q 0 0 0 rg BT 139.86 557.10 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.12 533.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.16 533.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 173.89 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.95 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.23 533.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 243.06 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.90 533.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 315.28 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.68 533.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 352.50 533.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 370.57 533.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 401.41 533.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 441.69 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.09 533.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.92 533.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 525.03 533.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 548.08 533.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 84.23 521.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.20 521.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 182.31 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.39 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 521.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 259.88 521.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 310.19 521.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 352.16 521.10 Td (above.��Our ) Tj ET Q q 0 0 0 rg BT 402.74 521.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 424.15 521.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 473.33 521.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 513.62 521.10 Td (high-quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.40 509.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 119.63 509.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.55 509.10 Td (various ) Tj ET Q q 0 0 0 rg BT 173.13 509.10 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 245.69 509.10 Td (institutions.��) Tj ET Q q 0 0 0 rg BT 297.46 509.10 Td (This ) Tj ET Q q 0 0 0 rg BT 318.38 509.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 365.40 509.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 400.18 509.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 426.10 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.57 509.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 481.80 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.72 509.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 554.17 509.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 76.02 497.10 Td (risk.��Our ) Tj ET Q q 0 0 0 rg BT 117.84 497.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 141.58 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.78 497.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 194.62 497.10 Td (production ) Tj ET Q q 0 0 0 rg BT 241.71 497.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 290.44 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.41 497.10 Td (dispersed ) Tj ET Q q 0 0 0 rg BT 347.94 497.10 Td (among ) Tj ET Q q 0 0 0 rg BT 378.91 497.10 Td (various ) Tj ET Q q 0 0 0 rg BT 412.11 497.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 456.42 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.62 497.10 Td (purchasers; ) Tj ET Q q 0 0 0 rg BT 523.92 497.10 Td (therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 109.99 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.50 485.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 145.44 485.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 162.63 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.01 485.10 Td (limited.��) Tj ET Q q 0 0 0 rg BT 212.66 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.30 485.10 Td (e ) Tj ET Q q 0 0 0 rg BT 227.92 485.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 263.41 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.81 485.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 302.75 485.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 332.15 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.66 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.17 485.10 Td (purchasers, ) Tj ET Q q 0 0 0 rg BT 405.61 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.22 485.10 Td (if ) Tj ET Q q 0 0 0 rg BT 430.51 485.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 473.24 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.63 485.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 533.12 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.74 485.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 69.35 473.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 96.13 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.80 473.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 131.91 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.47 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.03 473.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 195.03 473.10 Td (security ) Tj ET Q q 0 0 0 rg BT 229.03 473.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 265.81 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.94 473.10 Td (support ) Tj ET Q q 0 0 0 rg BT 308.28 473.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 329.51 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.19 473.10 Td (credit.��) Tj ET Q q 0 0 0 rg BT 370.27 473.10 Td (W) Tj ET Q q 0 0 0 rg BT 378.91 473.10 Td (e ) Tj ET Q q 0 0 0 rg BT 385.70 473.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 418.03 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.16 473.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 468.27 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.95 473.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 509.06 473.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 526.40 473.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.04 461.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 135.96 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.56 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.17 461.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.00 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.71 461.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 226.75 461.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 243.35 461.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 286.60 461.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 325.97 461.10 Td (through ) Tj ET Q q 0 0 0 rg BT 360.35 461.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 390.28 461.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 416.32 461.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 453.20 461.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 500.92 461.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 548.06 461.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (diversification.��) Tj ET Q q 0 0 0 rg BT 114.21 449.10 Td (All ) Tj ET Q q 0 0 0 rg BT 129.86 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.07 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.28 449.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 200.14 449.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 239.11 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.20 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.85 449.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 304.39 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.26 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.35 449.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 369.10 449.10 Td (under ) Tj ET Q q 0 0 0 rg BT 394.75 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.96 449.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 438.27 449.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 471.69 449.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 494.01 449.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 519.65 449.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 550.85 449.10 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 437.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 86.80 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.63 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 118.46 437.10 Td (lenders\).��) Tj ET Q q 0 0 0 rg BT 157.99 437.10 Td (There ) Tj ET Q q 0 0 0 rg BT 183.80 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.51 437.10 Td (no ) Tj ET Q q 0 0 0 rg BT 211.01 437.10 Td (mar) Tj ET Q q 0 0 0 rg BT 226.38 437.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 241.65 437.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 296.36 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 316.63 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.35 437.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 390.49 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.32 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.15 437.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 459.63 437.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 413.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.99 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.14 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.62 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.66 413.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.81 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.73 413.10 Td (made ) Tj ET Q q 0 0 0 rg BT 208.10 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.81 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.96 413.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 273.99 413.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.70 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.74 413.10 Td (under ) Tj ET Q q 0 0 0 rg BT 333.23 413.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 377.59 413.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.40 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 426.33 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.26 413.10 Td (current ) Tj ET Q q 0 0 0 rg BT 472.29 413.10 Td (area ) Tj ET Q q 0 0 0 rg BT 491.64 413.10 Td (market ) Tj ET Q q 0 0 0 rg BT 522.12 413.10 Td (price.��) Tj ET Q q 0 0 0 rg BT 549.42 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 413.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (would ) Tj ET Q q 0 0 0 rg BT 76.35 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 90.98 401.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 118.92 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.99 401.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 150.40 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.58 401.10 Td (any ) Tj ET Q q 0 0 0 rg BT 176.87 401.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 217.58 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.21 401.10 Td (have ) Tj ET Q q 0 0 0 rg BT 247.94 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.23 401.10 Td (material ) Tj ET Q q 0 0 0 rg BT 288.83 401.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 321.22 401.10 Td (ef) Tj ET Q q 0 0 0 rg BT 328.81 401.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 345.64 401.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 367.49 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.67 401.10 Td (operations.��For ) Tj ET Q q 0 0 0 rg BT 447.57 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.64 401.10 Td (year ) Tj ET Q q 0 0 0 rg BT 480.69 401.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 401.10 Td (December�31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.65 389.10 Td (three ) Tj ET Q q 0 0 0 rg BT 97.28 389.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 142.69 389.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 185.87 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.18 389.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 221.16 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.14 389.10 Td (more ) Tj ET Q q 0 0 0 rg BT 255.33 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.31 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 282.29 389.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 295.50 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.59 389.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 343.00 389.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 358.98 389.10 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 399.94 389.10 Td (Plains ) Tj ET Q q 0 0 0 rg BT 427.04 389.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 471.34 389.10 Td (LP) Tj ET Q q 0 0 0 rg BT 482.64 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.29 389.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.62 389.10 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.95 389.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 515.43 389.10 Td (Hunt ) Tj ET Q q 0 0 0 rg BT 538.08 389.10 Td (Crude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.78 377.10 Td (Supply ) Tj ET Q q 0 0 0 rg BT 95.62 377.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.00 377.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.33 377.10 Td (1) Tj ET Q q 0 0 0 rg BT 144.96 377.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.29 377.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 164.12 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.06 377.10 Td (Sunoco ) Tj ET Q q 0 0 0 rg BT 213.56 377.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 231.33 377.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.66 377.10 Td (1) Tj ET Q q 0 0 0 rg BT 239.29 377.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.62 377.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 260.95 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.45 377.10 Td (For ) Tj ET Q q 0 0 0 rg BT 279.84 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.56 377.10 Td (year ) Tj ET Q q 0 0 0 rg BT 314.27 377.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 340.64 377.10 Td (December ) Tj ET Q q 0 0 0 rg BT 384.23 377.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.23 377.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.23 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 424.23 377.10 Td (two ) Tj ET Q q 0 0 0 rg BT 441.73 377.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 486.99 377.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 530.02 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.18 377.10 Td (10% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.70 365.10 Td (more ) Tj ET Q q 0 0 0 rg BT 84.12 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.32 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.53 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 124.96 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.27 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 172.90 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 189.11 365.10 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 230.29 365.10 Td (Plains ) Tj ET Q q 0 0 0 rg BT 257.62 365.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 302.14 365.10 Td (LP) Tj ET Q q 0 0 0 rg BT 313.44 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.31 365.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.64 365.10 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.97 365.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 344.18 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.49 365.10 Td (Hunt ) Tj ET Q q 0 0 0 rg BT 384.36 365.10 Td (Crude ) Tj ET Q q 0 0 0 rg BT 411.67 365.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 427.32 365.10 Td (Supply ) Tj ET Q q 0 0 0 rg BT 458.54 365.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 500.29 365.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.62 365.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.95 365.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 530.66 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.53 365.10 Td (For ) Tj ET Q q 0 0 0 rg BT 550.29 365.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.03 353.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.24 353.10 Td (December ) Tj ET Q q 0 0 0 rg BT 138.65 353.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 153.47 353.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 178.30 353.10 Td (two ) Tj ET Q q 0 0 0 rg BT 195.62 353.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 240.71 353.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 283.56 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.55 353.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 318.21 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.86 353.10 Td (more ) Tj ET Q q 0 0 0 rg BT 351.73 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.39 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.05 353.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 390.93 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.69 353.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 437.78 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 453.44 353.10 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 494.08 353.10 Td (Plains ) Tj ET Q q 0 0 0 rg BT 520.85 353.10 Td (Marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (LP) Tj ET Q q 0 0 0 rg BT 60.80 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 63.30 341.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.63 341.10 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.96 341.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 90.79 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.73 341.10 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 149.10 341.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 192.71 341.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.09 341.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.42 341.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.75 341.10 Td (\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 317.10 Td ( Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.10 Td (During ) Tj ET Q q 0 0 0 rg BT 99.09 293.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 124.85 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.77 293.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 178.00 293.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.70 293.10 Td ($16.9 ) Tj ET Q q 0 0 0 rg BT 211.46 293.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.35 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.61 293.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 292.97 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.56 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.26 293.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 332.73 293.10 Td (related ) Tj ET Q q 0 0 0 rg BT 363.19 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.23 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.93 293.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 421.85 293.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 445.10 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.14 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.62 293.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 493.21 293.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 519.24 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 537.50 293.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 95.21 281.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 124.82 281.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 138.71 279.67 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.87 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.59 281.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 188.93 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 194.37 281.10 Td (due ) Tj ET Q q 0 0 0 rg BT 211.75 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.46 281.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 276.49 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.76 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.92 281.10 Td (project ) Tj ET Q q 0 0 0 rg BT 333.62 281.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 375.43 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.35 281.10 Td (close. ) Tj ET Q q 0 0 0 rg BT 439.34 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.06 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 460.55 281.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 509.59 281.10 Td (was ) Tj ET Q q 0 0 0 rg BT 528.08 281.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (within ) Tj ET Q q 0 0 0 rg BT 77.56 269.10 Td (�Other ) Tj ET Q q 0 0 0 rg BT 107.26 269.10 Td (expenses� ) Tj ET Q q 0 0 0 rg BT 150.30 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.58 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.41 269.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 231.68 269.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 278.06 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.89 269.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 335.27 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.43 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.15 269.10 Td (year ) Tj ET Q q 0 0 0 rg BT 383.86 269.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 410.23 269.10 Td (December ) Tj ET Q q 0 0 0 rg BT 453.82 269.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 468.82 269.10 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 245.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 245.10 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 100.29 221.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 123.64 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 138.65 221.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 181.99 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.46 221.10 Td (using ) Tj ET Q q 0 0 0 rg BT 220.93 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.95 221.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 258.20 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.44 221.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 309.36 221.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 344.66 221.10 Td (under ) Tj ET Q q 0 0 0 rg BT 370.23 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 397.47 221.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 433.58 221.10 Td (income ) Tj ET Q q 0 0 0 rg BT 465.82 221.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 489.17 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.19 221.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.85 221.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 209.10 Td (future ) Tj ET Q q 0 0 0 rg BT 89.42 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.55 209.10 Td (ef) Tj ET Q q 0 0 0 rg BT 111.14 209.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 131.93 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.17 209.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 185.18 209.10 Td (dif) Tj ET Q q 0 0 0 rg BT 196.11 209.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 231.32 209.10 Td (between ) Tj ET Q q 0 0 0 rg BT 266.55 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.68 209.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.58 209.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 357.81 209.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 393.04 209.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 428.84 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.19 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.32 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.45 209.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 495.36 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.61 209.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 539.18 209.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.65 197.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 106.58 197.10 Td (using ) Tj ET Q q 0 0 0 rg BT 130.96 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.89 197.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 179.14 197.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 216.84 197.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 231.77 197.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 253.36 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.85 197.10 Td (ef) Tj ET Q q 0 0 0 rg BT 271.44 197.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 289.14 197.10 Td (at ) Tj ET Q q 0 0 0 rg BT 299.07 197.10 Td (year ) Tj ET Q q 0 0 0 rg BT 318.99 197.10 Td (end.��) Tj ET Q q 0 0 0 rg BT 340.75 197.10 Td (The ) Tj ET Q q 0 0 0 rg BT 359.00 197.10 Td (ef) Tj ET Q q 0 0 0 rg BT 366.59 197.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 384.29 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.00 197.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 433.02 197.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 456.28 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.65 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.80 197.10 Td (change ) Tj ET Q q 0 0 0 rg BT 508.83 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.32 197.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 534.25 197.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 555.84 197.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.39 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.21 185.10 Td (income ) Tj ET Q q 0 0 0 rg BT 139.67 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.48 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.73 185.10 Td (period ) Tj ET Q q 0 0 0 rg BT 194.31 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 212.34 185.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 248.69 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 185.10 Td (enactment ) Tj ET Q q 0 0 0 rg BT 308.06 185.10 Td (date.��) Tj ET Q q 0 0 0 rg BT 331.67 185.10 Td (A) Tj ET Q q 0 0 0 rg BT 338.34 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.37 185.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.61 185.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 425.18 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.87 185.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 476.21 185.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 491.46 185.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.82 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.52 185.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (when ) Tj ET Q q 0 0 0 rg BT 73.66 173.10 Td (it ) Tj ET Q q 0 0 0 rg BT 81.72 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.89 173.10 Td (more ) Tj ET Q q 0 0 0 rg BT 113.93 173.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 139.21 173.10 Td (than ) Tj ET Q q 0 0 0 rg BT 158.92 173.10 Td (not ) Tj ET Q q 0 0 0 rg BT 174.20 173.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.70 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.41 173.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 236.68 173.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.62 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.33 173.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 309.14 173.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 323.86 173.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 345.79 173.10 Td (will ) Tj ET Q q 0 0 0 rg BT 363.85 173.10 Td (not ) Tj ET Q q 0 0 0 rg BT 379.13 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.07 173.10 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 149.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 149.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.81 149.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 125.90 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.34 149.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.79 149.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 187.78 149.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.45 149.10 Td (an ) Tj ET Q q 0 0 0 rg BT 223.12 149.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 263.55 149.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 278.99 149.10 Td (position ) Tj ET Q q 0 0 0 rg BT 314.45 149.10 Td (only ) Tj ET Q q 0 0 0 rg BT 335.46 149.10 Td (if ) Tj ET Q q 0 0 0 rg BT 344.79 149.10 Td (it ) Tj ET Q q 0 0 0 rg BT 353.58 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.48 149.10 Td (more ) Tj ET Q q 0 0 0 rg BT 387.25 149.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 413.26 149.10 Td (than ) Tj ET Q q 0 0 0 rg BT 433.70 149.10 Td (not ) Tj ET Q q 0 0 0 rg BT 449.71 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 467.93 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.38 149.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 498.82 149.10 Td (position ) Tj ET Q q 0 0 0 rg BT 534.28 149.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 149.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 89.36 137.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 112.01 137.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 164.08 137.10 Td (by ) Tj ET Q q 0 0 0 rg BT 176.73 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.59 137.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 219.24 137.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 266.59 137.10 Td (based ) Tj ET Q q 0 0 0 rg BT 292.01 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.66 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.52 137.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 358.25 137.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 385.90 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.87 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.74 137.10 Td (position.��) Tj ET Q q 0 0 0 rg BT 451.28 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 469.48 137.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 484.34 137.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 518.64 137.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.73 125.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.33 125.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 157.17 125.10 Td (from ) Tj ET Q q 0 0 0 rg BT 179.22 125.10 Td (such ) Tj ET Q q 0 0 0 rg BT 200.17 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.23 125.10 Td (position ) Tj ET Q q 0 0 0 rg BT 242.08 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.90 125.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 297.84 125.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.23 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.85 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 125.10 Td (lar) Tj ET Q q 0 0 0 rg BT 361.05 125.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 379.78 125.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 410.16 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.78 125.10 Td (has ) Tj ET Q q 0 0 0 rg BT 443.73 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.78 125.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 481.16 125.10 Td (than ) Tj ET Q q 0 0 0 rg BT 500.99 125.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 521.94 125.10 Td (likelihood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 113.10 Td (being ) Tj ET Q q 0 0 0 rg BT 85.05 113.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 119.19 113.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 141.69 113.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 176.96 113.10 Td (settlement.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.99 713.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 101.15 713.25 Td (per) Tj ET Q q 0 0 0 rg BT 115.41 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.91 713.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 159.85 713.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 180.23 713.25 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.67 713.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (Basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.93 689.25 Td (net ) Tj ET Q q 0 0 0 rg BT 108.37 689.25 Td (income ) Tj ET Q q 0 0 0 rg BT 141.02 689.25 Td (per ) Tj ET Q q 0 0 0 rg BT 157.00 689.25 Td (common ) Tj ET Q q 0 0 0 rg BT 195.21 689.25 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.31 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.53 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 229.42 689.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 272.07 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 285.28 689.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 321.84 689.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.27 689.25 Td (net ) Tj ET Q q 0 0 0 rg BT 352.70 689.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.14 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 385.35 689.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 434.11 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.10 689.25 Td (common ) Tj ET Q q 0 0 0 rg BT 483.31 689.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 537.08 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 689.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 89.20 677.25 Td (average ) Tj ET Q q 0 0 0 rg BT 123.33 677.25 Td (number ) Tj ET Q q 0 0 0 rg BT 156.92 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.29 677.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 196.33 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.70 677.25 Td (common ) Tj ET Q q 0 0 0 rg BT 245.74 677.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 269.90 677.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 319.60 677.25 Td (during ) Tj ET Q q 0 0 0 rg BT 348.76 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.02 677.25 Td (period.��Diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.11 677.25 Td (net ) Tj ET Q q 0 0 0 rg BT 445.37 677.25 Td (income ) Tj ET Q q 0 0 0 rg BT 477.84 677.25 Td (per ) Tj ET Q q 0 0 0 rg BT 493.66 677.25 Td (common ) Tj ET Q q 0 0 0 rg BT 531.70 677.25 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.80 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 555.84 677.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 92.51 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.77 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.46 665.25 Td (same ) Tj ET Q q 0 0 0 rg BT 140.49 665.25 Td (manner) Tj ET Q q 0 0 0 rg BT 170.08 665.25 Td (, ) Tj ET Q q 0 0 0 rg BT 175.06 665.25 Td (but ) Tj ET Q q 0 0 0 rg BT 190.32 665.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 226.12 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.82 665.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 270.51 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.32 665.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 326.57 665.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 359.60 665.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 402.35 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.83 665.25 Td (Potentially ) Tj ET Q q 0 0 0 rg BT 450.64 665.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 483.67 665.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 523.91 665.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 554.17 665.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 92.93 653.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 133.01 653.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 159.49 653.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 202.92 653.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 282.42 653.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 310.29 653.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 343.99 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.31 653.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 389.18 653.25 Td (into ) Tj ET Q q 0 0 0 rg BT 407.61 653.25 Td (which ) Tj ET Q q 0 0 0 rg BT 434.93 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 451.14 653.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 498.99 653.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 526.31 653.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 550.30 653.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (convertible.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.31 617.25 Td (following ) Tj ET Q q 0 0 0 rg BT 126.46 617.25 Td (table ) Tj ET Q q 0 0 0 rg BT 148.16 617.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 165.42 617.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 187.12 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.60 617.25 Td (reconciliations ) Tj ET Q q 0 0 0 rg BT 262.73 617.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.33 617.25 Td (net ) Tj ET Q q 0 0 0 rg BT 287.81 617.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.24 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.50 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.20 617.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 375.12 617.25 Td (average ) Tj ET Q q 0 0 0 rg BT 408.47 617.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 435.72 617.25 Td (used ) Tj ET Q q 0 0 0 rg BT 456.32 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.24 617.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 508.05 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.65 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 482.75 m 494 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 498.75 m 563 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 484.75 m 563 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 482.75 m 563 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 393.75 m 425 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 393.75 m 494 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 393.75 m 563 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 393.75 m 425 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 379.75 m 425 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 377.75 m 425 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 393.75 m 494 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 379.75 m 494 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 377.75 m 494 377.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 393.75 m 563 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 379.75 m 563 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 377.75 m 563 377.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 585.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 585.32 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 585.32 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 572.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 572.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 572.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 572.32 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 558.43 Td (Numerator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 543.42 Td (Net income � basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 543.42 Td (216,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 543.42 Td (322,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 543.42 Td (163,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 528.42 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.85 528.42 Td (fect of potentially dilutive securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 513.42 Td (Interest expensed on convertible senior notes including amortization of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 503.42 Td (discount, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 503.42 Td (14,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 503.42 Td (539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 503.42 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 488.42 Td (Net income � diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 488.42 Td (231,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 488.42 Td (323,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 488.42 Td (163,201) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 458.43 Td (Denominator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 443.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.54 443.42 Td (eighted average common shares outstanding � basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 443.42 Td (459,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 443.42 Td (432,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 443.42 Td (390,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 428.42 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.85 428.42 Td (fect of potentially dilutive securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 428.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 428.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 413.42 Td (Restricted stock and performance-based equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 413.42 Td (2,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 413.42 Td (6,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 413.42 Td (2,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 398.42 Td (Convertible senior notes) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 162.26 402.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 398.42 Td (48,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 398.42 Td (17,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 398.42 Td (2,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 383.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.14 383.42 Td (eighted average common shares outstanding � diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 383.42 Td (510,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 383.42 Td (456,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 383.42 Td (395,921) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 355.25 Td (For ) Tj ET Q q 0 0 0 rg BT 83.99 355.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.81 355.25 Td (year ) Tj ET Q q 0 0 0 rg BT 118.62 355.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 145.10 355.25 Td (December ) Tj ET Q q 0 0 0 rg BT 188.79 355.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 203.89 355.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 228.99 355.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.59 355.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 285.30 355.25 Td (under ) Tj ET Q q 0 0 0 rg BT 310.67 355.25 Td (�convertible ) Tj ET Q q 0 0 0 rg BT 362.70 355.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 389.74 355.25 Td (notes� ) Tj ET Q q 0 0 0 rg BT 417.89 355.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 457.13 355.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.95 355.25 Td (prorated ) Tj ET Q q 0 0 0 rg BT 507.87 355.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 539.36 355.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 355.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 343.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.92 343.25 Td (90.9 ) Tj ET Q q 0 0 0 rg BT 148.08 343.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.98 343.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.64 343.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 207.29 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.28 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.16 343.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 274.83 343.25 Td (s ) Tj ET Q q 0 0 0 rg BT 281.38 343.25 Td (common ) Tj ET Q q 0 0 0 rg BT 319.04 343.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 342.81 343.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 377.69 343.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 400.35 343.25 Td (full ) Tj ET Q q 0 0 0 rg BT 416.90 343.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 463.44 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.43 343.25 Td (our ) Tj ET Q q 0 0 0 rg BT 490.43 343.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 538.07 343.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 331.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 91.11 331.25 Td (which ) Tj ET Q q 0 0 0 rg BT 118.05 331.25 Td (were ) Tj ET Q q 0 0 0 rg BT 139.98 331.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 167.48 331.25 Td (on ) Tj ET Q q 0 0 0 rg BT 179.98 331.25 Td (June ) Tj ET Q q 0 0 0 rg BT 200.81 331.25 Td (19, ) Tj ET Q q 0 0 0 rg BT 215.81 331.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 238.31 331.25 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.90 331.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 278.84 331.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.84 331.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 288.84 331.25 Td (Long-T) Tj ET Q q 0 0 0 rg BT 317.38 331.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 335.43 331.25 Td (Debt) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 354.87 331.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.37 331.25 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.37 331.25 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 364.87 331.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 387.37 331.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 409.31 331.25 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 452.35 331.25 Td (T) Tj ET Q q 0 0 0 rg BT 457.36 331.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.03 331.25 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 307.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 92.67 307.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 132.29 307.25 Td (average ) Tj ET Q q 0 0 0 rg BT 166.33 307.25 Td (common ) Tj ET Q q 0 0 0 rg BT 204.28 307.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.22 307.25 Td (exclude ) Tj ET Q q 0 0 0 rg BT 266.27 307.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 294.22 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.51 307.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 349.01 307.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 389.17 307.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 415.73 307.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.04 307.25 Td (As ) Tj ET Q q 0 0 0 rg BT 432.11 307.25 Td (these ) Tj ET Q q 0 0 0 rg BT 455.61 307.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 495.77 307.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.72 307.25 Td (vest, ) Tj ET Q q 0 0 0 rg BT 545.28 307.25 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (will ) Tj ET Q q 0 0 0 rg BT 67.48 295.25 Td (be ) Tj ET Q q 0 0 0 rg BT 79.35 295.25 Td (included ) Tj ET Q q 0 0 0 rg BT 116.21 295.25 Td (in ) Tj ET Q q 0 0 0 rg BT 126.42 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.06 295.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 168.48 295.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 217.58 295.25 Td (used ) Tj ET Q q 0 0 0 rg BT 238.33 295.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.54 295.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 286.50 295.25 Td (basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.47 295.25 Td (net ) Tj ET Q q 0 0 0 rg BT 324.12 295.25 Td (income ) Tj ET Q q 0 0 0 rg BT 355.98 295.25 Td (per ) Tj ET Q q 0 0 0 rg BT 371.18 295.25 Td (common ) Tj ET Q q 0 0 0 rg BT 408.60 295.25 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.70 295.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.13 295.25 Td (\(although ) Tj ET Q q 0 0 0 rg BT 472.88 295.25 Td (time-vesting ) Tj ET Q q 0 0 0 rg BT 525.30 295.25 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.83 283.25 Td (is ) Tj ET Q q 0 0 0 rg BT 81.73 283.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 108.96 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.62 283.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 174.51 283.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 196.74 283.25 Td (grant\). ) Tj ET Q q 0 0 0 rg BT 225.34 283.25 Td (�For ) Tj ET Q q 0 0 0 rg BT 243.96 283.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 281.74 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.30 283.25 Td (calculating ) Tj ET Q q 0 0 0 rg BT 338.39 283.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 368.39 283.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 407.27 283.25 Td (average ) Tj ET Q q 0 0 0 rg BT 440.58 283.25 Td (common ) Tj ET Q q 0 0 0 rg BT 477.81 283.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 507.52 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 283.25 Td (nonvested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.29 271.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.99 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.01 271.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 209.22 271.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 236.80 271.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 267.71 271.25 Td (are ) Tj ET Q q 0 0 0 rg BT 282.51 271.25 Td (included ) Tj ET Q q 0 0 0 rg BT 319.53 271.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.90 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.70 271.25 Td (computation ) Tj ET Q q 0 0 0 rg BT 397.28 271.25 Td (using ) Tj ET Q q 0 0 0 rg BT 421.54 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.34 271.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 471.14 271.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 494.83 271.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 529.92 271.25 Td (with ) Tj ET Q q 0 0 0 rg BT 550.28 271.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 82.60 259.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 120.13 259.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 143.79 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.57 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.79 259.25 Td (average ) Tj ET Q q 0 0 0 rg BT 200.88 259.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 256.74 259.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 314.29 259.25 Td (during ) Tj ET Q q 0 0 0 rg BT 342.40 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.61 259.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 386.66 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.10 259.25 Td (for ) Tj ET Q q 0 0 0 rg BT 416.77 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.98 259.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 457.98 259.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 503.30 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.52 259.25 Td (convertible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 76.97 247.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 101.11 247.25 Td (as ) Tj ET Q q 0 0 0 rg BT 112.48 247.25 Td (if ) Tj ET Q q 0 0 0 rg BT 121.62 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.87 247.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 184.88 247.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 212.36 247.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 236.50 247.25 Td (were ) Tj ET Q q 0 0 0 rg BT 258.96 247.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 301.42 247.25 Td (at ) Tj ET Q q 0 0 0 rg BT 311.67 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.92 247.25 Td (earliest ) Tj ET Q q 0 0 0 rg BT 358.83 247.25 Td (date ) Tj ET Q q 0 0 0 rg BT 378.51 247.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 428.21 247.25 Td (during ) Tj ET Q q 0 0 0 rg BT 457.36 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.61 247.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 516.17 247.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 551.14 247.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.18 247.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.25 Td (April ) Tj ET Q q 0 0 0 rg BT 73.18 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.19 235.25 Td (May ) Tj ET Q q 0 0 0 rg BT 111.09 235.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 136.17 235.25 Td (all ) Tj ET Q q 0 0 0 rg BT 148.73 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.64 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.42 235.25 Td (then ) Tj ET Q q 0 0 0 rg BT 194.21 235.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 243.45 235.25 Td (3�% ) Tj ET Q q 0 0 0 rg BT 266.85 235.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 316.64 235.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 345.32 235.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 371.22 235.25 Td (due ) Tj ET Q q 0 0 0 rg BT 388.23 235.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 410.80 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.81 235.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 443.72 235.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 493.50 235.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 522.18 235.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 548.08 235.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 72.39 223.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 90.83 223.25 Td (�2023 ) Tj ET Q q 0 0 0 rg BT 118.15 223.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 168.26 223.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 197.25 223.25 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 231.24 223.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 273.56 223.25 Td (into ) Tj ET Q q 0 0 0 rg BT 292.00 223.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 319.88 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.10 223.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 368.98 223.25 Td (common ) Tj ET Q q 0 0 0 rg BT 406.87 223.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 433.36 223.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 471.25 223.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.92 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.02 223.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 533.79 223.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 223.25 Td (55.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 211.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.39 211.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 107.38 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.71 211.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.05 211.25 Td (common ) Tj ET Q q 0 0 0 rg BT 170.04 211.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 193.15 211.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 215.15 211.25 Td (conversion. ) Tj ET Q q 0 0 0 rg BT 263.53 211.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.39 211.25 Td (These ) Tj ET Q q 0 0 0 rg BT 291.26 211.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 318.26 211.25 Td (have ) Tj ET Q q 0 0 0 rg BT 339.13 211.25 Td (been ) Tj ET Q q 0 0 0 rg BT 360.01 211.25 Td (included ) Tj ET Q q 0 0 0 rg BT 396.45 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.23 211.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 428.77 211.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 467.43 211.25 Td (average ) Tj ET Q q 0 0 0 rg BT 500.51 211.25 Td (common ) Tj ET Q q 0 0 0 rg BT 537.51 211.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.67 199.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 141.16 199.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.66 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.38 199.25 Td (date ) Tj ET Q q 0 0 0 rg BT 187.53 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.36 199.25 Td (conversion. ) Tj ET Q q 0 0 0 rg BT 247.24 199.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.74 199.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.68 199.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 288.62 199.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.62 199.25 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 298.62 199.25 Td (Long-T) Tj ET Q q 0 0 0 rg BT 327.15 199.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 345.20 199.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.64 199.25 Td (, ) Tj ET Q q 0 0 0 rg BT 369.64 199.25 Td (for ) Tj ET Q q 0 0 0 rg BT 383.80 199.25 Td (further ) Tj ET Q q 0 0 0 rg BT 413.51 199.25 Td (discussion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 175.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.42 175.25 Td (following ) Tj ET Q q 0 0 0 rg BT 126.67 175.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 166.81 175.25 Td (could ) Tj ET Q q 0 0 0 rg BT 191.39 175.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 236.53 175.25 Td (dilute ) Tj ET Q q 0 0 0 rg BT 261.67 175.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 297.92 175.25 Td (per ) Tj ET Q q 0 0 0 rg BT 313.06 175.25 Td (share ) Tj ET Q q 0 0 0 rg BT 336.53 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 346.67 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.26 175.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 390.01 175.25 Td (but ) Tj ET Q q 0 0 0 rg BT 405.16 175.25 Td (were ) Tj ET Q q 0 0 0 rg BT 426.95 175.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 465.42 175.25 Td (from ) Tj ET Q q 0 0 0 rg BT 487.23 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.81 175.25 Td (computation ) Tj ET Q q 0 0 0 rg BT 554.17 175.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.77 163.25 Td (net ) Tj ET Q q 0 0 0 rg BT 94.49 163.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.92 163.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.42 163.25 Td (per ) Tj ET Q q 0 0 0 rg BT 141.69 163.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 167.79 163.25 Td (as ) Tj ET Q q 0 0 0 rg BT 178.62 163.25 Td (their ) Tj ET Q q 0 0 0 rg BT 199.45 163.25 Td (ef) Tj ET Q q 0 0 0 rg BT 207.03 163.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 224.52 163.25 Td (would ) Tj ET Q q 0 0 0 rg BT 252.02 163.25 Td (have ) Tj ET Q q 0 0 0 rg BT 273.40 163.25 Td (been ) Tj ET Q q 0 0 0 rg BT 294.77 163.25 Td (antidilutive:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 126.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 126.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 126.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 126.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 126.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 126.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 126.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 139.75 m 425 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 139.75 m 429 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 139.75 m 494 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 139.75 m 498 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 139.75 m 563 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 126.75 m 356 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 139.75 m 425 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 126.75 m 425 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 139.75 m 429 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 139.75 m 494 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 126.75 m 494 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 139.75 m 498 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 139.75 m 563 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 126.75 m 563 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 126.75 m 425 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 126.75 m 494 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 126.75 m 563 126.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 143.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 143.32 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 143.32 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 130.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 130.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 130.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 130.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 116.42 Td (Stock appreciation rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 116.42 Td (2,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 116.42 Td (2,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 116.42 Td (4,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 101.42 Td (Restricted stock and performance-based equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 101.42 Td (5,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 101.42 Td (1,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 101.42 Td (5,645) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 713.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.89 713.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 179.62 713.25 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.87 689.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.59 689.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 155.96 689.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 200.45 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.72 689.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 257.76 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.36 689.25 Td (recording ) Tj ET Q q 0 0 0 rg BT 309.51 689.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.55 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.04 689.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 421.85 689.25 Td (such ) Tj ET Q q 0 0 0 rg BT 443.00 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 454.16 689.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 514.75 689.25 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.57 677.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 96.09 677.25 Td (litigation.� ) Tj ET Q q 0 0 0 rg BT 139.94 677.25 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 183.23 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.18 677.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 235.90 677.25 Td (when ) Tj ET Q q 0 0 0 rg BT 260.30 677.25 Td (it ) Tj ET Q q 0 0 0 rg BT 268.60 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 278.01 677.25 Td (both ) Tj ET Q q 0 0 0 rg BT 298.53 677.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 336.26 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 353.99 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.17 677.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.48 677.25 Td (has ) Tj ET Q q 0 0 0 rg BT 395.55 677.25 Td (been ) Tj ET Q q 0 0 0 rg BT 417.17 677.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 453.22 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.40 677.25 Td (such ) Tj ET Q q 0 0 0 rg BT 491.48 677.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.78 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.19 677.25 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (estimable.� ) Tj ET Q q 0 0 0 rg BT 94.88 665.25 Td (Assessments ) Tj ET Q q 0 0 0 rg BT 148.63 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.59 665.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 199.45 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.29 665.25 Td (based ) Tj ET Q q 0 0 0 rg BT 239.69 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 252.33 665.25 Td (information ) Tj ET Q q 0 0 0 rg BT 302.18 665.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 339.25 665.25 Td (from ) Tj ET Q q 0 0 0 rg BT 361.33 665.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 412.83 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.91 665.25 Td (in-house ) Tj ET Q q 0 0 0 rg BT 466.98 665.25 Td (experts, ) Tj ET Q q 0 0 0 rg BT 501.00 665.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 519.20 665.25 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.52 653.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.54 653.25 Td (situations, ) Tj ET Q q 0 0 0 rg BT 132.62 653.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.74 653.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.98 653.25 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 219.04 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.73 653.25 Td (other ) Tj ET Q q 0 0 0 rg BT 258.52 653.25 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 311.84 653.25 Td (factors.� ) Tj ET Q q 0 0 0 rg BT 345.80 653.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 365.26 653.25 Td (related ) Tj ET Q q 0 0 0 rg BT 394.71 653.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 435.27 653.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 478.60 653.25 Td (are ) Tj ET Q q 0 0 0 rg BT 493.05 653.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 539.16 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 653.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 641.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 131.69 641.25 Td (during ) Tj ET Q q 0 0 0 rg BT 160.30 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.02 641.25 Td (period ) Tj ET Q q 0 0 0 rg BT 203.06 641.25 Td (received ) Tj ET Q q 0 0 0 rg BT 239.43 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 250.26 641.25 Td (at ) Tj ET Q q 0 0 0 rg BT 259.97 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.69 641.25 Td (time ) Tj ET Q q 0 0 0 rg BT 294.96 641.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 324.67 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.84 641.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 381.32 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.59 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 403.53 641.25 Td (virtually ) Tj ET Q q 0 0 0 rg BT 439.92 641.25 Td (certain.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 617.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 132.27 617.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 142.63 617.25 Td (onouncements) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (Recently ) Tj ET Q q 0 0 0 rg BT 86.24 593.25 Td (Adopted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 569.25 Td (Leases. ) Tj ET Q q 0 0 0 rg BT 99.76 569.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.18 569.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 110.44 569.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 139.07 569.25 Td (January ) Tj ET Q q 0 0 0 rg BT 171.60 569.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 180.52 569.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 204.45 569.25 Td (we ) Tj ET Q q 0 0 0 rg BT 217.54 569.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 250.62 569.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 288.95 569.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 337.03 569.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 377.89 569.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 403.76 569.25 Td (\(�F) Tj ET Q q 0 0 0 rg BT 416.35 569.25 Td (ASB�\) ) Tj ET Q q 0 0 0 rg BT 444.68 569.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 492.76 569.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 533.63 569.25 Td (Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (\(�ASU�\) ) Tj ET Q q 0 0 0 rg BT 88.17 557.25 Td (2016-02, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 127.13 557.25 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.35 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.48 557.25 Td (\(�ASU ) Tj ET Q q 0 0 0 rg BT 188.38 557.25 Td (2016-02�\), ) Tj ET Q q 0 0 0 rg BT 235.10 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.98 557.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 275.11 557.25 Td (2018-01,�) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 313.44 557.25 Td (Leases ) Tj ET Q q 0 0 0 rg BT 343.79 557.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 351.76 557.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 372.11 557.25 Td (842\) ) Tj ET Q q 0 0 0 rg BT 393.57 557.25 Td (� ) Tj ET Q q 0 0 0 rg BT 401.69 557.25 Td (Land ) Tj ET Q q 0 0 0 rg BT 425.38 557.25 Td (Easement ) Tj ET Q q 0 0 0 rg BT 467.39 557.25 Td (Practical ) Tj ET Q q 0 0 0 rg BT 507.73 557.25 Td (Expedient ) Tj ET Q q 0 0 0 rg BT 550.83 557.25 Td (for ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 545.25 Td (ransition ) Tj ET Q q 0 0 0 rg BT 92.84 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.83 545.25 Td (T) Tj ET Q q 0 0 0 rg BT 107.47 545.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 126.90 545.25 Td (842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.90 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 146.61 545.25 Td (using ) Tj ET Q q 0 0 0 rg BT 170.49 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.92 545.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 223.23 545.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 277.08 545.25 Td (method ) Tj ET Q q 0 0 0 rg BT 309.29 545.25 Td (with ) Tj ET Q q 0 0 0 rg BT 329.28 545.25 Td (an ) Tj ET Q q 0 0 0 rg BT 340.93 545.25 Td (application ) Tj ET Q q 0 0 0 rg BT 387.57 545.25 Td (date ) Tj ET Q q 0 0 0 rg BT 406.44 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.98 545.25 Td (January ) Tj ET Q q 0 0 0 rg BT 450.29 545.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 460.00 545.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 484.71 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 486.43 545.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 508.65 545.25 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 544.19 545.25 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.40 533.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 90.73 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.63 533.25 Td (mineral ) Tj ET Q q 0 0 0 rg BT 135.29 533.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 162.28 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 173.73 533.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 200.72 533.25 Td (that ) Tj ET Q q 0 0 0 rg BT 218.84 533.25 Td (convey ) Tj ET Q q 0 0 0 rg BT 250.83 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.17 533.25 Td (right ) Tj ET Q q 0 0 0 rg BT 288.17 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.07 533.25 Td (explore ) Tj ET Q q 0 0 0 rg BT 332.17 533.25 Td (for ) Tj ET Q q 0 0 0 rg BT 346.95 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.39 533.25 Td (use ) Tj ET Q q 0 0 0 rg BT 374.84 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.18 533.25 Td (land ) Tj ET Q q 0 0 0 rg BT 410.51 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 423.63 533.25 Td (which ) Tj ET Q q 0 0 0 rg BT 451.18 533.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 467.36 533.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 498.24 533.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 517.19 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.74 533.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 81.36 521.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 123.22 521.25 Td (are ) Tj ET Q q 0 0 0 rg BT 139.53 521.25 Td (contained. ) Tj ET Q q 0 0 0 rg BT 185.00 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 188.81 521.25 Td (W) Tj ET Q q 0 0 0 rg BT 197.44 521.25 Td (e ) Tj ET Q q 0 0 0 rg BT 205.98 521.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 238.39 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.71 521.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 293.23 521.25 Td (expedients ) Tj ET Q q 0 0 0 rg BT 340.09 521.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 379.74 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.62 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.94 521.25 Td (new ) Tj ET Q q 0 0 0 rg BT 427.79 521.25 Td (ASUs ) Tj ET Q q 0 0 0 rg BT 455.79 521.25 Td (that ) Tj ET Q q 0 0 0 rg BT 474.88 521.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 501.20 521.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 542.51 521.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 104.02 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.10 509.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 147.52 509.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 175.66 509.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 199.63 509.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 221.37 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.57 509.25 Td (non-lease ) Tj ET Q q 0 0 0 rg BT 277.64 509.25 Td (components ) Tj ET Q q 0 0 0 rg BT 327.72 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.26 509.25 Td (be ) Tj ET Q q 0 0 0 rg BT 348.45 509.25 Td (combined, ) Tj ET Q q 0 0 0 rg BT 392.14 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.34 509.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 430.63 509.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 464.04 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 479.13 509.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 524.76 509.25 Td (treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.99 497.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 98.49 497.25 Td (land ) Tj ET Q q 0 0 0 rg BT 118.55 497.25 Td (easement ) Tj ET Q q 0 0 0 rg BT 158.58 497.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 209.45 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.08 497.25 Td (The ) Tj ET Q q 0 0 0 rg BT 230.46 497.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 268.29 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.45 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.50 497.25 Td (new ) Tj ET Q q 0 0 0 rg BT 314.00 497.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 354.60 497.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 389.09 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.71 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.76 497.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 463.13 497.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 497.25 Td ($39.1 ) Tj ET Q q 0 0 0 rg BT 499.63 497.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.52 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.36 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 542.52 497.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 100.06 485.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.75 485.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.54 485.25 Td ($55.8 ) Tj ET Q q 0 0 0 rg BT 170.39 485.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.29 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.64 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.32 485.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 255.44 485.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 278.78 485.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 319.35 485.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.68 485.25 Td ($16.7 ) Tj ET Q q 0 0 0 rg BT 348.54 485.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.43 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.78 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.47 485.25 Td (which ) Tj ET Q q 0 0 0 rg BT 420.26 485.25 Td (related ) Tj ET Q q 0 0 0 rg BT 450.82 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.95 485.25 Td (previously-existing ) Tj ET Q q 0 0 0 rg BT 542.52 485.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (obligations\) ) Tj ET Q q 0 0 0 rg BT 99.42 473.25 Td (as ) Tj ET Q q 0 0 0 rg BT 109.89 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.36 473.25 Td (January ) Tj ET Q q 0 0 0 rg BT 153.60 473.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 163.25 473.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 187.89 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.81 473.25 Td (our ) Tj ET Q q 0 0 0 rg BT 213.28 473.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 268.20 473.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 302.54 473.25 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 333.29 473.25 Td (but ) Tj ET Q q 0 0 0 rg BT 348.21 473.25 Td (did ) Tj ET Q q 0 0 0 rg BT 363.13 473.25 Td (not ) Tj ET Q q 0 0 0 rg BT 378.06 473.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 420.74 473.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 450.09 473.25 Td (our ) Tj ET Q q 0 0 0 rg BT 465.56 473.25 Td (results ) Tj ET Q q 0 0 0 rg BT 493.81 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.29 473.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 548.08 473.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (had ) Tj ET Q q 0 0 0 rg BT 66.51 461.25 Td (no ) Tj ET Q q 0 0 0 rg BT 79.08 461.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 108.86 461.25 Td (on ) Tj ET Q q 0 0 0 rg BT 121.43 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 137.33 461.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 157.67 461.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 184.97 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.35 461.25 Td (The ) Tj ET Q q 0 0 0 rg BT 205.47 461.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 248.03 461.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 270.59 461.25 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 320.36 461.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 346.27 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.27 461.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 403.61 461.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 426.17 461.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 465.95 461.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 503.50 461.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.07 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 531.97 461.25 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 71.59 449.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 110.35 449.25 Td (related ) Tj ET Q q 0 0 0 rg BT 139.09 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.42 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.29 449.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 188.71 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 201.92 449.25 Td (of) Tj ET Q q 0 0 0 rg BT 210.07 449.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 226.60 449.25 Td (space, ) Tj ET Q q 0 0 0 rg BT 252.85 449.25 Td (as ) Tj ET Q q 0 0 0 rg BT 262.72 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.48 449.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 321.90 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 335.10 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 349.98 449.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 389.29 449.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 414.71 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.69 449.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 464.45 449.25 Td (financings ) Tj ET Q q 0 0 0 rg BT 507.65 449.25 Td (was ) Tj ET Q q 0 0 0 rg BT 524.74 449.25 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (unchanged.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 66.45 413.25 Td (Y) Tj ET Q q 0 0 0 rg BT 71.09 413.25 Td (et ) Tj ET Q q 0 0 0 rg BT 80.63 413.25 Td (Adopted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 389.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 109.22 389.25 Td (Instruments ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 163.16 389.25 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.16 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.87 389.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 181.35 389.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 199.17 389.25 Td (Losses. ) Tj ET Q q 0 0 0 rg BT 231.17 389.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.88 389.25 Td (In ) Tj ET Q q 0 0 0 rg BT 242.92 389.25 Td (June ) Tj ET Q q 0 0 0 rg BT 262.97 389.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 287.18 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.11 389.25 Td (F) Tj ET Q q 0 0 0 rg BT 305.93 389.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 327.09 389.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 353.43 389.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 375.15 389.25 Td (2016-13, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 412.69 389.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 453.28 389.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 502.22 389.25 Td (� ) Tj ET Q q 0 0 0 rg BT 508.93 389.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 519.12 389.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 535.83 389.25 Td (Losses) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (\(�ASU ) Tj ET Q q 0 0 0 rg BT 79.31 377.25 Td (2016-13�\). ) Tj ET Q q 0 0 0 rg BT 124.95 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.54 377.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 148.59 377.25 Td (2016-13 ) Tj ET Q q 0 0 0 rg BT 183.96 377.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 218.20 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.46 377.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 280.60 377.25 Td (model ) Tj ET Q q 0 0 0 rg BT 307.63 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.33 377.25 Td (most ) Tj ET Q q 0 0 0 rg BT 342.82 377.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.84 377.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 405.21 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.69 377.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 450.93 377.25 Td (other ) Tj ET Q q 0 0 0 rg BT 473.52 377.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 524.73 377.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 72.94 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.83 365.25 Td (other ) Tj ET Q q 0 0 0 rg BT 114.82 365.25 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 165.75 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.64 365.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 219.29 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.96 365.25 Td (use ) Tj ET Q q 0 0 0 rg BT 251.74 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.52 365.25 Td (a ) Tj ET Q q 0 0 0 rg BT 271.41 365.25 Td (new ) Tj ET Q q 0 0 0 rg BT 291.53 365.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 360.51 365.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 399.50 365.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 418.51 365.25 Td (model ) Tj ET Q q 0 0 0 rg BT 446.96 365.25 Td (that ) Tj ET Q q 0 0 0 rg BT 465.40 365.25 Td (will ) Tj ET Q q 0 0 0 rg BT 484.41 365.25 Td (result ) Tj ET Q q 0 0 0 rg BT 510.08 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.31 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.98 365.25 Td (earlier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 97.98 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.26 353.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 156.62 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 171.22 353.25 Td (losses. ) Tj ET Q q 0 0 0 rg BT 200.56 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.29 353.25 Td (The ) Tj ET Q q 0 0 0 rg BT 221.78 353.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 275.26 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.98 353.25 Td (this ) Tj ET Q q 0 0 0 rg BT 302.72 353.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 325.67 353.25 Td (are ) Tj ET Q q 0 0 0 rg BT 340.82 353.25 Td (ef) Tj ET Q q 0 0 0 rg BT 348.40 353.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 378.55 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 393.15 353.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 417.75 353.25 Td (years ) Tj ET Q q 0 0 0 rg BT 441.79 353.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 484.72 353.25 Td (after ) Tj ET Q q 0 0 0 rg BT 505.98 353.25 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 353.25 Td (15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 74.59 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.61 341.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 123.08 341.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 155.11 341.25 Td (within ) Tj ET Q q 0 0 0 rg BT 183.25 341.25 Td (those ) Tj ET Q q 0 0 0 rg BT 206.95 341.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 231.19 341.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 257.37 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.40 341.25 Td (early ) Tj ET Q q 0 0 0 rg BT 296.97 341.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 334.55 341.25 Td (is ) Tj ET Q q 0 0 0 rg BT 343.81 341.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 387.22 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 389.80 341.25 Td (Entities ) Tj ET Q q 0 0 0 rg BT 422.94 341.25 Td (must ) Tj ET Q q 0 0 0 rg BT 444.98 341.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 469.78 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.58 341.25 Td (amendment ) Tj ET Q q 0 0 0 rg BT 533.82 341.25 Td (using ) Tj ET Q q 0 0 0 rg BT 558.08 341.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 88.20 329.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 142.43 329.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 181.67 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.04 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.85 329.25 Td (first ) Tj ET Q q 0 0 0 rg BT 225.55 329.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 264.80 329.25 Td (period ) Tj ET Q q 0 0 0 rg BT 292.94 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.31 329.25 Td (which ) Tj ET Q q 0 0 0 rg BT 330.34 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.15 329.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 383.84 329.25 Td (is ) Tj ET Q q 0 0 0 rg BT 393.10 329.25 Td (ef) Tj ET Q q 0 0 0 rg BT 400.69 329.25 Td (fective. ) Tj ET Q q 0 0 0 rg BT 432.98 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 435.39 329.25 Td (W) Tj ET Q q 0 0 0 rg BT 444.02 329.25 Td (e ) Tj ET Q q 0 0 0 rg BT 451.06 329.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 478.64 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.01 329.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 513.82 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.63 329.25 Td (standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (using ) Tj ET Q q 0 0 0 rg BT 72.99 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.24 317.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 117.16 317.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 170.61 317.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 209.08 317.25 Td (with ) Tj ET Q q 0 0 0 rg BT 228.67 317.25 Td (an ) Tj ET Q q 0 0 0 rg BT 239.92 317.25 Td (application ) Tj ET Q q 0 0 0 rg BT 286.17 317.25 Td (date ) Tj ET Q q 0 0 0 rg BT 304.64 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.78 317.25 Td (January ) Tj ET Q q 0 0 0 rg BT 347.70 317.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 357.01 317.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 381.33 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.01 317.25 Td (The ) Tj ET Q q 0 0 0 rg BT 400.37 317.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 437.19 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.93 317.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 468.75 317.25 Td (2016-13 ) Tj ET Q q 0 0 0 rg BT 503.90 317.25 Td (is ) Tj ET Q q 0 0 0 rg BT 512.38 317.25 Td (not ) Tj ET Q q 0 0 0 rg BT 526.97 317.25 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 305.25 Td (have ) Tj ET Q q 0 0 0 rg BT 81.16 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 88.09 305.25 Td (material ) Tj ET Q q 0 0 0 rg BT 123.35 305.25 Td (ef) Tj ET Q q 0 0 0 rg BT 130.94 305.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 148.43 305.25 Td (on ) Tj ET Q q 0 0 0 rg BT 160.93 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.76 305.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 229.80 305.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 267.28 305.25 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 281.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 85.64 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.04 281.25 Td (V) Tj ET Q q 0 0 0 rg BT 93.34 281.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 112.62 281.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 145.21 281.25 Td (ement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.81 281.25 Td (� ) Tj ET Q q 0 0 0 rg BT 177.81 281.25 Td (In ) Tj ET Q q 0 0 0 rg BT 187.31 281.25 Td (August ) Tj ET Q q 0 0 0 rg BT 217.70 281.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 241.70 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.42 281.25 Td (F) Tj ET Q q 0 0 0 rg BT 260.24 281.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 281.20 281.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 307.37 281.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 328.87 281.25 Td (2018-13,�) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 367.20 281.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 386.48 281.25 Td (V) Tj ET Q q 0 0 0 rg BT 391.48 281.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 410.20 281.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 440.38 281.25 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.26 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.76 281.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 474.50 281.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 493.22 281.25 Td (820\) ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 513.05 281.25 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.05 281.25 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 519.55 281.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 558.07 281.25 Td (e ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 99.69 269.25 Td (� ) Tj ET Q q 0 0 0 rg BT 108.22 269.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 146.75 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.06 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.80 269.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 212.32 269.25 Td (e ) Tj ET Q q 0 0 0 rg BT 220.29 269.25 Td (Requir) Tj ET Q q 0 0 0 rg BT 247.14 269.25 Td (ements ) Tj ET Q q 0 0 0 rg BT 278.43 269.25 Td (for ) Tj ET Q q 0 0 0 rg BT 293.63 269.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 314.94 269.25 Td (V) Tj ET Q q 0 0 0 rg BT 319.94 269.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 340.69 269.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 370.87 269.25 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.64 269.25 Td (�\(�ASU ) Tj ET Q q 0 0 0 rg BT 432.44 269.25 Td (2018-13�\).� ) Tj ET Q q 0 0 0 rg BT 481.29 269.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 504.82 269.25 Td (2018-13 ) Tj ET Q q 0 0 0 rg BT 541.68 269.25 Td (adds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (modifies, ) Tj ET Q q 0 0 0 rg BT 88.89 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 99.11 257.25 Td (removes ) Tj ET Q q 0 0 0 rg BT 134.88 257.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 163.98 257.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 206.42 257.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 260.51 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 274.07 257.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 312.61 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.94 257.25 Td (nonrecurring ) Tj ET Q q 0 0 0 rg BT 382.48 257.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.25 257.25 Td (value ) Tj ET Q q 0 0 0 rg BT 421.80 257.25 Td (measurements ) Tj ET Q q 0 0 0 rg BT 480.89 257.25 Td (based ) Tj ET Q q 0 0 0 rg BT 505.56 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 517.45 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.56 257.25 Td (F) Tj ET Q q 0 0 0 rg BT 536.38 257.25 Td (ASB�) Tj ET Q q 0 0 0 rg BT 558.61 257.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.30 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.57 245.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.50 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.87 245.25 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 189.96 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 191.75 245.25 Td (The ) Tj ET Q q 0 0 0 rg BT 209.23 245.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 261.71 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.42 245.25 Td (this ) Tj ET Q q 0 0 0 rg BT 287.37 245.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 309.31 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 323.45 245.25 Td (ef) Tj ET Q q 0 0 0 rg BT 331.04 245.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 360.17 245.25 Td (for ) Tj ET Q q 0 0 0 rg BT 373.76 245.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 397.35 245.25 Td (years ) Tj ET Q q 0 0 0 rg BT 420.38 245.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 462.31 245.25 Td (after ) Tj ET Q q 0 0 0 rg BT 482.56 245.25 Td (December ) Tj ET Q q 0 0 0 rg BT 525.58 245.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 540.01 245.25 Td (2019, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.26 233.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 97.47 233.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 129.23 233.25 Td (within ) Tj ET Q q 0 0 0 rg BT 157.11 233.25 Td (those ) Tj ET Q q 0 0 0 rg BT 180.54 233.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 204.52 233.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 230.44 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.20 233.25 Td (early ) Tj ET Q q 0 0 0 rg BT 269.51 233.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 306.83 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 315.82 233.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 358.97 233.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.29 233.25 Td (Entities ) Tj ET Q q 0 0 0 rg BT 394.16 233.25 Td (must ) Tj ET Q q 0 0 0 rg BT 415.94 233.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 440.48 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.02 233.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 507.88 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 520.20 233.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.73 233.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 92.94 221.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 115.85 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.08 221.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 157.77 221.25 Td (for ) Tj ET Q q 0 0 0 rg BT 171.23 221.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 195.79 221.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 202.59 221.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 218.27 221.25 Td (value ) Tj ET Q q 0 0 0 rg BT 241.72 221.25 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 303.22 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.24 221.25 Td (range ) Tj ET Q q 0 0 0 rg BT 341.24 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.48 221.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 395.93 221.25 Td (average ) Tj ET Q q 0 0 0 rg BT 428.81 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.94 221.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 482.95 221.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 538.07 221.25 Td (inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (used ) Tj ET Q q 0 0 0 rg BT 70.12 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.18 209.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 114.12 209.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 139.17 209.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 146.45 209.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 162.62 209.25 Td (value ) Tj ET Q q 0 0 0 rg BT 186.56 209.25 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 248.54 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.27 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.77 209.25 Td (narrative ) Tj ET Q q 0 0 0 rg BT 317.59 209.25 Td (description ) Tj ET Q q 0 0 0 rg BT 364.30 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.92 209.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 430.52 209.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 477.78 209.25 Td (prospectively) Tj ET Q q 0 0 0 rg BT 531.00 209.25 Td (, ) Tj ET Q q 0 0 0 rg BT 535.79 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.51 209.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.74 197.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 125.97 197.25 Td (should ) Tj ET Q q 0 0 0 rg BT 155.33 197.25 Td (be ) Tj ET Q q 0 0 0 rg BT 167.46 197.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 199.58 197.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 261.69 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.15 197.25 Td (all ) Tj ET Q q 0 0 0 rg BT 284.84 197.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 316.97 197.25 Td (presented. ) Tj ET Q q 0 0 0 rg BT 360.47 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.97 197.25 Td (W) Tj ET Q q 0 0 0 rg BT 371.60 197.25 Td (e ) Tj ET Q q 0 0 0 rg BT 378.73 197.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 398.64 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.11 197.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 434.01 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.92 197.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 485.48 197.25 Td (with ) Tj ET Q q 0 0 0 rg BT 505.95 197.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.08 197.25 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (date ) Tj ET Q q 0 0 0 rg BT 69.13 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.43 185.25 Td (January ) Tj ET Q q 0 0 0 rg BT 114.49 185.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 124.96 185.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 150.44 185.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.19 185.25 Td (The ) Tj ET Q q 0 0 0 rg BT 171.71 185.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 209.67 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.32 185.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 243.29 185.25 Td (2018-13 ) Tj ET Q q 0 0 0 rg BT 279.59 185.25 Td (is ) Tj ET Q q 0 0 0 rg BT 289.23 185.25 Td (not ) Tj ET Q q 0 0 0 rg BT 304.98 185.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 343.48 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.23 185.25 Td (have ) Tj ET Q q 0 0 0 rg BT 376.08 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.49 185.25 Td (material ) Tj ET Q q 0 0 0 rg BT 419.22 185.25 Td (ef) Tj ET Q q 0 0 0 rg BT 426.81 185.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 444.76 185.25 Td (on ) Tj ET Q q 0 0 0 rg BT 457.73 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 474.03 185.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.54 185.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.21 173.25 Td (but ) Tj ET Q q 0 0 0 rg BT 109.49 173.25 Td (may ) Tj ET Q q 0 0 0 rg BT 129.21 173.25 Td (require ) Tj ET Q q 0 0 0 rg BT 160.02 173.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 200.28 173.25 Td (footnote ) Tj ET Q q 0 0 0 rg BT 236.10 173.25 Td (disclosures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 149.25 Td (2. ) Tj ET Q q 0 0 0 rg BT 81.99 149.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 121.15 149.25 Td (Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.26 149.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 125.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.37 125.25 Td (record ) Tj ET Q q 0 0 0 rg BT 109.71 125.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 143.15 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.72 125.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 199.48 125.25 Td (with ) Tj ET Q q 0 0 0 rg BT 219.06 125.25 Td (F) Tj ET Q q 0 0 0 rg BT 223.88 125.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 245.00 125.25 Td (T) Tj ET Q q 0 0 0 rg BT 250.41 125.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 269.42 125.25 Td (606,�) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 289.42 125.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 325.08 125.25 Td (fr) Tj ET Q q 0 0 0 rg BT 331.38 125.25 Td (om ) Tj ET Q q 0 0 0 rg BT 345.40 125.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 386.64 125.25 Td (with ) Tj ET Q q 0 0 0 rg BT 405.67 125.25 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.45 125.25 Td (. ) Tj ET Q q 0 0 0 rg BT 452.75 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.41 125.25 Td (The ) Tj ET Q q 0 0 0 rg BT 471.76 125.25 Td (core ) Tj ET Q q 0 0 0 rg BT 490.76 125.25 Td (principle ) Tj ET Q q 0 0 0 rg BT 528.10 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.23 125.25 Td (F) Tj ET Q q 0 0 0 rg BT 543.05 125.25 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 113.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 74.32 113.25 Td (606 ) Tj ET Q q 0 0 0 rg BT 91.52 113.25 Td (is ) Tj ET Q q 0 0 0 rg BT 100.39 113.25 Td (that ) Tj ET Q q 0 0 0 rg BT 117.58 113.25 Td (an ) Tj ET Q q 0 0 0 rg BT 129.21 113.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 154.18 113.25 Td (should ) Tj ET Q q 0 0 0 rg BT 183.05 113.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 224.11 113.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 257.95 113.25 Td (for ) Tj ET Q q 0 0 0 rg BT 271.80 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.22 113.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 318.95 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.48 113.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 355.57 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 366.09 113.25 Td (services ) Tj ET Q q 0 0 0 rg BT 400.50 113.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 424.35 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.32 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.73 113.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 480.93 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.45 113.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 547.52 113.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (it ) Tj ET Q q 0 0 0 rg BT 57.39 101.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 89.71 101.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.83 101.25 Td (be ) Tj ET Q q 0 0 0 rg BT 111.60 101.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 143.93 101.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.05 101.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 185.24 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.24 101.25 Td (those ) Tj ET Q q 0 0 0 rg BT 222.69 101.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 248.91 101.25 Td (or ) Tj ET Q q 0 0 0 rg BT 259.58 101.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 296.62 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 298.79 101.25 Td (This ) Tj ET Q q 0 0 0 rg BT 318.91 101.25 Td (principle ) Tj ET Q q 0 0 0 rg BT 356.78 101.25 Td (is ) Tj ET Q q 0 0 0 rg BT 365.79 101.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 403.66 101.25 Td (through ) Tj ET Q q 0 0 0 rg BT 437.10 101.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 474.44 101.25 Td (a ) Tj ET Q q 0 0 0 rg BT 481.21 101.25 Td (five-step ) Tj ET Q q 0 0 0 rg BT 518.53 101.25 Td (process ) Tj ET Q q 0 0 0 rg BT 550.86 101.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.66 89.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 123.36 89.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 157.50 89.25 Td (recognition:) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 713.10 Td (Identify ) Tj ET Q q 0 0 0 rg BT 119.37 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.80 713.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 168.21 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.76 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 217.06 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.06 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.71 713.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 282.58 713.10 Td (� ) Tj ET Q q 0 0 0 rg BT 289.63 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 298.27 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 304.92 713.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 332.12 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.55 713.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 382.64 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.19 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.73 713.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 446.48 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 468.13 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 480.90 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.56 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 527.53 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 543.08 713.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.01 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.86 701.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 118.75 699.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 701.10 Td (�sales ) Tj ET Q q 0 0 0 rg BT 146.35 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.20 701.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 221.15 701.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 262.16 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.40 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 282.36 701.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 320.86 701.10 Td (specify ) Tj ET Q q 0 0 0 rg BT 352.15 701.10 Td (each ) Tj ET Q q 0 0 0 rg BT 372.88 701.10 Td (party�) Tj ET Q q 0 0 0 rg BT 396.20 701.10 Td (s ) Tj ET Q q 0 0 0 rg BT 402.51 701.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 427.70 701.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 468.42 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.05 701.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 509.36 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 520.10 701.10 Td (services ) Tj ET Q q 0 0 0 rg BT 554.72 701.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.76 689.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 107.89 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.15 689.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 157.40 689.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 207.42 689.10 Td (substance ) Tj ET Q q 0 0 0 rg BT 249.12 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.27 689.10 Td (they ) Tj ET Q q 0 0 0 rg BT 280.31 689.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 310.34 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.49 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.29 689.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 411.83 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.03 689.10 Td (A) Tj ET Q q 0 0 0 rg BT 420.70 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.52 689.10 Td (high ) Tj ET Q q 0 0 0 rg BT 444.12 689.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 490.24 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.39 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 517.54 689.10 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.35 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 91.34 677.10 Td (current, ) Tj ET Q q 0 0 0 rg BT 124.47 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.22 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.20 677.10 Td (have ) Tj ET Q q 0 0 0 rg BT 176.39 677.10 Td (not ) Tj ET Q q 0 0 0 rg BT 191.49 677.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 238.80 677.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 270.54 677.10 Td (into ) Tj ET Q q 0 0 0 rg BT 288.41 677.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 326.82 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.92 677.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 405.87 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 423.19 677.10 Td (pose ) Tj ET Q q 0 0 0 rg BT 443.83 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.59 677.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 475.67 677.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 492.99 677.10 Td (without ) Tj ET Q q 0 0 0 rg BT 525.86 677.10 Td (requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 87.53 665.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 128.90 665.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 171.95 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.22 665.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 210.82 665.10 Td (collection.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 641.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 641.10 Td (Identify ) Tj ET Q q 0 0 0 rg BT 118.61 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.27 641.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 184.25 641.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 230.14 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.37 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.03 641.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 286.69 641.10 Td (� ) Tj ET Q q 0 0 0 rg BT 293.14 641.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 314.57 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.35 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 339.13 641.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 372.23 641.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 409.77 641.10 Td (specify ) Tj ET Q q 0 0 0 rg BT 440.10 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.99 641.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 477.43 641.10 Td (per ) Tj ET Q q 0 0 0 rg BT 491.65 641.10 Td (day) Tj ET Q q 0 0 0 rg BT 505.44 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 509.39 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.17 641.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.87 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.23 629.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 102.15 629.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 147.84 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.55 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.69 629.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 208.82 629.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 219.52 629.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 251.89 629.10 Td (good\), ) Tj ET Q q 0 0 0 rg BT 280.65 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.36 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 303.73 629.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 343.86 629.10 Td (at ) Tj ET Q q 0 0 0 rg BT 354.00 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.15 629.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 404.84 629.10 Td (point ) Tj ET Q q 0 0 0 rg BT 428.33 629.10 Td (over ) Tj ET Q q 0 0 0 rg BT 449.02 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.17 629.10 Td (term ) Tj ET Q q 0 0 0 rg BT 485.42 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.68 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.83 629.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 546.96 629.10 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 91.09 617.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 144.89 617.10 Td (obligation\). ) Tj ET Q q 0 0 0 rg BT 194.54 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.57 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 216.39 617.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 256.32 617.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 280.14 617.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 316.17 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.88 617.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 370.48 617.10 Td (possession ) Tj ET Q q 0 0 0 rg BT 416.53 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.14 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.62 617.10 Td (product ) Tj ET Q q 0 0 0 rg BT 477.44 617.10 Td (at ) Tj ET Q q 0 0 0 rg BT 487.93 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.42 617.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 539.45 617.10 Td (point, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 75.89 605.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 115.04 605.10 Td (is ) Tj ET Q q 0 0 0 rg BT 123.66 605.10 Td (also ) Tj ET Q q 0 0 0 rg BT 141.72 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.88 605.10 Td (point ) Tj ET Q q 0 0 0 rg BT 178.39 605.10 Td (at ) Tj ET Q q 0 0 0 rg BT 187.56 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.95 605.10 Td (title ) Tj ET Q q 0 0 0 rg BT 231.45 605.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 267.83 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.21 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.38 605.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 336.98 605.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 367.82 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.99 605.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 402.83 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.22 605.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 452.82 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.10 605.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 506.71 605.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 524.20 605.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.52 593.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 145.57 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 154.74 593.10 Td (satisfied\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (Determine ) Tj ET Q q 0 0 0 rg BT 129.93 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.37 569.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 190.47 569.10 Td (price ) Tj ET Q q 0 0 0 rg BT 212.68 569.10 Td (� ) Tj ET Q q 0 0 0 rg BT 219.75 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 225.16 569.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 256.72 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.45 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.00 569.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 289.79 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.45 569.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 336.44 569.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 352.00 569.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 390.32 569.10 Td (define ) Tj ET Q q 0 0 0 rg BT 417.53 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.97 569.10 Td (price ) Tj ET Q q 0 0 0 rg BT 454.19 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 464.74 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.41 569.10 Td (formula ) Tj ET Q q 0 0 0 rg BT 505.29 569.10 Td (price ) Tj ET Q q 0 0 0 rg BT 527.50 569.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 569.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.11 557.10 Td (average ) Tj ET Q q 0 0 0 rg BT 97.58 557.10 Td (market ) Tj ET Q q 0 0 0 rg BT 127.74 557.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 152.62 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 163.34 557.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 201.82 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.21 557.10 Td (set ) Tj ET Q q 0 0 0 rg BT 227.71 557.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 250.65 557.10 Td (each ) Tj ET Q q 0 0 0 rg BT 271.36 557.10 Td (month, ) Tj ET Q q 0 0 0 rg BT 301.81 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.86 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.47 557.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 363.95 557.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 411.90 557.10 Td (during ) Tj ET Q q 0 0 0 rg BT 440.40 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.01 557.10 Td (month ) Tj ET Q q 0 0 0 rg BT 482.95 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.68 557.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 525.79 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 530.68 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.07 557.10 Td (Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.64 545.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 90.53 543.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.78 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.52 545.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 135.35 545.10 Td (define ) Tj ET Q q 0 0 0 rg BT 163.07 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.03 545.10 Td (price ) Tj ET Q q 0 0 0 rg BT 200.75 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.82 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.00 545.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 242.28 545.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 289.44 545.10 Td (price ) Tj ET Q q 0 0 0 rg BT 312.16 545.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 348.23 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.74 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.92 545.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 407.54 545.10 Td (index ) Tj ET Q q 0 0 0 rg BT 432.49 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.01 545.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 471.28 545.10 Td (market ) Tj ET Q q 0 0 0 rg BT 501.78 545.10 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 535.35 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.08 545.10 Td (Given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.75 533.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 100.55 533.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 135.23 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.03 533.10 Td (invoice ) Tj ET Q q 0 0 0 rg BT 178.50 533.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 222.07 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.32 533.10 Td (month ) Tj ET Q q 0 0 0 rg BT 265.91 533.10 Td (following ) Tj ET Q q 0 0 0 rg BT 307.82 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.07 533.10 Td (month ) Tj ET Q q 0 0 0 rg BT 351.66 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.02 533.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 398.81 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.28 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.64 533.10 Td (high ) Tj ET Q q 0 0 0 rg BT 453.45 533.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 500.36 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.72 533.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 554.18 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (payment, ) Tj ET Q q 0 0 0 rg BT 88.93 521.10 Td (no ) Tj ET Q q 0 0 0 rg BT 101.43 521.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 146.15 521.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 186.41 521.10 Td (component ) Tj ET Q q 0 0 0 rg BT 233.34 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 242.51 521.10 Td (included ) Tj ET Q q 0 0 0 rg BT 279.45 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.72 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.55 521.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.10 Td (Allocate ) Tj ET Q q 0 0 0 rg BT 121.82 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.48 497.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 182.80 497.10 Td (price ) Tj ET Q q 0 0 0 rg BT 205.23 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.46 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.12 497.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 283.09 497.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 329.98 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.20 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.87 497.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 389.51 497.10 Td (� ) Tj ET Q q 0 0 0 rg BT 396.78 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 414.78 497.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 451.10 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.88 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.66 497.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 511.75 497.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 550.29 497.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (short-term, ) Tj ET Q q 0 0 0 rg BT 95.29 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.70 485.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 138.54 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.50 485.10 Td (one ) Tj ET Q q 0 0 0 rg BT 164.57 485.10 Td (year ) Tj ET Q q 0 0 0 rg BT 183.41 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.37 485.10 Td (less, ) Tj ET Q q 0 0 0 rg BT 212.50 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.91 485.10 Td (which ) Tj ET Q q 0 0 0 rg BT 247.98 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 261.27 485.10 Td (have ) Tj ET Q q 0 0 0 rg BT 281.78 485.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 312.84 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.69 485.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 362.74 485.10 Td (expedient ) Tj ET Q q 0 0 0 rg BT 403.25 485.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 443.20 485.10 Td (under ) Tj ET Q q 0 0 0 rg BT 467.60 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.44 485.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 516.95 485.10 Td (eliminating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 473.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 115.70 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.31 473.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 161.36 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.41 473.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 223.12 473.10 Td (price ) Tj ET Q q 0 0 0 rg BT 245.94 473.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 284.86 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.47 473.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 338.85 473.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 392.21 473.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 441.99 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.82 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 455.98 473.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 487.15 473.10 Td (instances, ) Tj ET Q q 0 0 0 rg BT 529.14 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 543.63 473.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.43 461.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 121.81 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.87 461.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 166.37 461.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 196.41 461.10 Td (than ) Tj ET Q q 0 0 0 rg BT 215.91 461.10 Td (one ) Tj ET Q q 0 0 0 rg BT 232.63 461.10 Td (year; ) Tj ET Q q 0 0 0 rg BT 254.90 461.10 Td (however) Tj ET Q q 0 0 0 rg BT 288.93 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 293.71 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.22 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 334.38 461.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 369.42 461.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 405.60 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 420.09 461.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 450.15 461.10 Td (unsatisfied ) Tj ET Q q 0 0 0 rg BT 495.76 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 506.37 461.10 Td (they ) Tj ET Q q 0 0 0 rg BT 525.87 461.10 Td (represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 83.88 449.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 136.03 449.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 182.10 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 201.51 449.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 235.34 449.10 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 293.34 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.85 449.10 Td (W) Tj ET Q q 0 0 0 rg BT 303.48 449.10 Td (e ) Tj ET Q q 0 0 0 rg BT 309.55 449.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 341.17 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.01 449.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 391.06 449.10 Td (expedient ) Tj ET Q q 0 0 0 rg BT 431.56 449.10 Td (which ) Tj ET Q q 0 0 0 rg BT 457.62 449.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 500.35 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.19 449.10 Td (requirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.77 437.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 94.48 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.19 437.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 155.55 437.10 Td (price ) Tj ET Q q 0 0 0 rg BT 178.03 437.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 216.61 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.88 437.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 269.91 437.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 322.93 437.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 369.86 437.10 Td (if ) Tj ET Q q 0 0 0 rg BT 378.46 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.17 437.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 427.86 437.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 484.23 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.39 437.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 531.97 437.10 Td (entirely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.54 425.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 91.59 425.10 Td (unsatisfied ) Tj ET Q q 0 0 0 rg BT 138.18 425.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 191.97 425.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 242.18 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.73 425.10 Td (As ) Tj ET Q q 0 0 0 rg BT 259.11 425.10 Td (there ) Tj ET Q q 0 0 0 rg BT 282.36 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 292.29 425.10 Td (only ) Tj ET Q q 0 0 0 rg BT 313.34 425.10 Td (one ) Tj ET Q q 0 0 0 rg BT 331.04 425.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 384.83 425.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 428.65 425.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 473.01 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.06 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.65 425.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 552.51 425.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 91.43 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.26 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.98 413.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 163.35 413.10 Td (price ) Tj ET Q q 0 0 0 rg BT 185.83 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 195.00 413.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 233.22 413.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 389.10 Td (Recognize ) Tj ET Q q 0 0 0 rg BT 129.74 389.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 163.42 389.10 Td (when, ) Tj ET Q q 0 0 0 rg BT 189.61 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.98 389.10 Td (as, ) Tj ET Q q 0 0 0 rg BT 212.84 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 226.54 389.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 254.68 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.16 389.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 313.71 389.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 356.30 389.10 Td (� ) Tj ET Q q 0 0 0 rg BT 363.34 389.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 386.47 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.17 389.10 Td (have ) Tj ET Q q 0 0 0 rg BT 421.08 389.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 460.31 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.57 389.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 506.60 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.96 389.10 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.72 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.37 377.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 109.58 377.10 Td (point ) Tj ET Q q 0 0 0 rg BT 132.57 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.45 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.10 377.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 203.20 377.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 226.18 377.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 261.39 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.26 377.10 Td (possession, ) Tj ET Q q 0 0 0 rg BT 325.99 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 340.09 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.73 377.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 387.16 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.38 377.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 434.25 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.13 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 465.23 377.10 Td (invoice ) Tj ET Q q 0 0 0 rg BT 497.10 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.76 377.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 550.85 377.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.02 365.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 109.41 365.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 157.42 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.60 365.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 196.79 365.10 Td (under ) Tj ET Q q 0 0 0 rg BT 221.74 365.10 Td (most ) Tj ET Q q 0 0 0 rg BT 243.38 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 256.12 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.74 365.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 286.63 363.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.88 365.10 Td (�contracts ) Tj ET Q q 0 0 0 rg BT 330.66 365.10 Td (is ) Tj ET Q q 0 0 0 rg BT 339.52 365.10 Td (made ) Tj ET Q q 0 0 0 rg BT 363.36 365.10 Td (within ) Tj ET Q q 0 0 0 rg BT 391.11 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.73 365.10 Td (month ) Tj ET Q q 0 0 0 rg BT 425.47 365.10 Td (following ) Tj ET Q q 0 0 0 rg BT 466.55 365.10 Td (product ) Tj ET Q q 0 0 0 rg BT 499.28 365.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 534.23 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.86 365.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.29 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.64 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.10 353.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 131.28 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.31 353.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 171.43 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.12 353.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 219.35 353.10 Td (made ) Tj ET Q q 0 0 0 rg BT 243.03 353.10 Td (within ) Tj ET Q q 0 0 0 rg BT 270.61 353.10 Td (two ) Tj ET Q q 0 0 0 rg BT 287.63 353.10 Td (months ) Tj ET Q q 0 0 0 rg BT 319.10 353.10 Td (following ) Tj ET Q q 0 0 0 rg BT 360.01 353.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 392.13 353.10 Td (. ) Tj ET Q q 0 0 0 rg BT 396.65 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.53 353.10 Td (T) Tj ET Q q 0 0 0 rg BT 404.29 353.10 Td (iming ) Tj ET Q q 0 0 0 rg BT 429.64 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.00 353.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 473.67 353.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 521.23 353.10 Td (may ) Tj ET Q q 0 0 0 rg BT 540.47 353.10 Td (dif) Tj ET Q q 0 0 0 rg BT 551.40 353.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.18 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.65 341.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 114.01 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.58 341.10 Td (invoicing ) Tj ET Q q 0 0 0 rg BT 164.60 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.63 341.10 Td (customers; ) Tj ET Q q 0 0 0 rg BT 220.20 341.10 Td (however) Tj ET Q q 0 0 0 rg BT 254.23 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.97 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.55 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.01 341.10 Td (right ) Tj ET Q q 0 0 0 rg BT 305.14 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.17 341.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 371.29 341.10 Td (after ) Tj ET Q q 0 0 0 rg BT 391.85 341.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 426.86 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.77 341.10 Td (unconditional ) Tj ET Q q 0 0 0 rg BT 493.01 341.10 Td (based ) Tj ET Q q 0 0 0 rg BT 518.03 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 530.27 341.10 Td (only ) Tj ET Q q 0 0 0 rg BT 550.30 341.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (passage ) Tj ET Q q 0 0 0 rg BT 82.04 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.81 329.10 Td (time ) Tj ET Q q 0 0 0 rg BT 111.03 329.10 Td (before ) Tj ET Q q 0 0 0 rg BT 138.01 329.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 173.88 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.65 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.31 329.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 252.63 329.10 Td (is ) Tj ET Q q 0 0 0 rg BT 260.74 329.10 Td (due, ) Tj ET Q q 0 0 0 rg BT 279.12 329.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 300.56 329.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 334.77 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.87 329.10 Td (record ) Tj ET Q q 0 0 0 rg BT 374.85 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.73 329.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 423.25 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.47 329.10 Td (�Accrued ) Tj ET Q q 0 0 0 rg BT 472.22 329.10 Td (production ) Tj ET Q q 0 0 0 rg BT 516.98 329.10 Td (receivable� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.22 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.50 317.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 132.21 317.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 167.36 317.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 198.91 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 226.30 317.10 Td (was�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.35 317.10 Td ($139.4 ) Tj ET Q q 0 0 0 rg BT 274.79 317.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.68 317.10 Td (�and�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.12 317.10 Td ($125.8 ) Tj ET Q q 0 0 0 rg BT 353.57 317.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.46 317.10 Td (�as ) Tj ET Q q 0 0 0 rg BT 396.23 317.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.51 317.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 466.54 317.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.54 317.10 Td (�and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 317.10 Td (December�31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 305.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.16 305.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.16 305.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.10 Td (In ) Tj ET Q q 0 0 0 rg BT 77.67 281.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 112.28 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.90 281.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 159.28 281.10 Td (from ) Tj ET Q q 0 0 0 rg BT 180.56 281.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 192.95 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.23 281.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 238.83 281.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 254.00 281.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 275.28 281.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 313.22 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.50 281.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 343.39 279.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.64 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.48 281.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 369.75 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.03 281.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 443.41 281.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 483.85 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.90 281.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 538.63 281.10 Td (enters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.63 269.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 105.75 269.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 156.09 269.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.45 269.10 Td (third ) Tj ET Q q 0 0 0 rg BT 197.91 269.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 227.15 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.16 269.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 279.50 269.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 297.62 269.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 347.96 269.10 Td (with ) Tj ET Q q 0 0 0 rg BT 368.32 269.10 Td (third ) Tj ET Q q 0 0 0 rg BT 389.78 269.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 419.02 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.37 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.17 269.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 465.08 269.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 490.43 269.10 Td (region. ) Tj ET Q q 0 0 0 rg BT 521.06 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.64 269.10 Td (Revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.04 257.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 104.24 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 125.78 257.10 Td (these ) Tj ET Q q 0 0 0 rg BT 148.43 257.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 198.29 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.60 257.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 253.02 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.12 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.66 257.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 294.87 257.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 319.47 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 329.90 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 343.66 257.10 Td (act ) Tj ET Q q 0 0 0 rg BT 357.42 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.85 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.39 257.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 412.03 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.91 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.23 257.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 482.21 257.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.31 257.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 534.19 257.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (of ) 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Tj ET Q q 0 0 0 rg BT 356.39 665.25 Td (not ) Tj ET Q q 0 0 0 rg BT 371.62 665.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.04 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 421.49 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 437.26 665.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 470.24 665.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 495.74 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.18 665.25 Td (During ) Tj ET Q q 0 0 0 rg BT 528.96 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 543.62 665.25 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.79 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.10 653.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 117.57 653.25 Td (we ) Tj ET Q q 0 0 0 rg BT 132.21 653.25 Td (exercised ) Tj ET Q q 0 0 0 rg BT 172.94 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.13 653.25 Td (early ) Tj ET Q q 0 0 0 rg BT 211.09 653.25 Td (buyout ) Tj ET Q q 0 0 0 rg BT 241.85 653.25 Td (option ) Tj ET Q q 0 0 0 rg BT 270.38 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 283.36 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 299.66 653.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 343.18 653.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 375.58 653.25 Td (leases. ) Tj ET Q q 0 0 0 rg BT 404.93 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.70 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 426.22 653.25 Td (table ) Tj ET Q q 0 0 0 rg BT 448.63 653.25 Td (below ) Tj ET Q q 0 0 0 rg BT 476.04 653.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 508.44 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.75 653.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 71.99 641.25 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 121.69 641.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 147.52 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.46 641.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 204.72 641.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 227.21 641.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 269.43 641.25 Td (which ) Tj ET Q q 0 0 0 rg BT 296.37 641.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 336.08 641.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 370.25 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.08 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 396.91 641.25 Td (of) Tj ET Q q 0 0 0 rg BT 405.06 641.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 422.54 641.25 Td (leases:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 600.75 512.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 570.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 570.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 540.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 540.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 600.75 m 492.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 600.75 m 561.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 525.75 m 561.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 511.75 m 561.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 509.75 m 561.5 509.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.45 620.42 Td (December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.00 605.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 605.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 590.42 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 575.42 Td (Operating lease right-of-use assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 575.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 575.42 Td (34,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 545.42 Td (Operating lease liabilities - current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 545.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 545.42 Td (6,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 530.42 Td (Operating lease liabilities - long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 530.42 Td (41,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 515.42 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 515.42 Td (otal operating lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 515.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 515.42 Td (48,833) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 487.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.24 487.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 121.31 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.84 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.36 487.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 173.43 487.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 205.05 487.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 238.89 487.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 273.03 487.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 310.21 487.25 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 357.38 487.25 Td (at ) Tj ET Q q 0 0 0 rg BT 366.79 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.31 487.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 400.61 487.25 Td (discretion. ) Tj ET Q q 0 0 0 rg BT 444.74 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.77 487.25 Td (W) Tj ET Q q 0 0 0 rg BT 455.41 487.25 Td (e ) Tj ET Q q 0 0 0 rg BT 462.04 487.25 Td (record ) Tj ET Q q 0 0 0 rg BT 489.77 487.25 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 539.17 487.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.07 475.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 107.43 475.25 Td (based ) Tj ET Q q 0 0 0 rg BT 133.33 475.25 Td (on ) Tj ET Q q 0 0 0 rg BT 146.47 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.82 475.25 Td (present ) Tj ET Q q 0 0 0 rg BT 193.83 475.25 Td (value ) Tj ET Q q 0 0 0 rg BT 218.63 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.09 475.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 253.21 475.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 294.68 475.25 Td (over ) Tj ET Q q 0 0 0 rg BT 315.58 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.93 475.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 357.40 475.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 380.52 475.25 Td (term, ) Tj ET Q q 0 0 0 rg BT 404.48 475.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 432.62 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.97 475.25 Td (option ) Tj ET Q q 0 0 0 rg BT 476.67 475.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.58 475.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 517.37 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.72 475.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 555.85 475.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 95.65 463.25 Td (certain, ) Tj ET Q q 0 0 0 rg BT 128.20 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.47 463.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 173.30 463.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.47 463.25 Td (incremental ) Tj ET Q q 0 0 0 rg BT 239.51 463.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 284.01 463.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 301.83 463.25 Td (based ) Tj ET Q q 0 0 0 rg BT 327.44 463.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.28 463.25 Td (information ) Tj ET Q q 0 0 0 rg BT 390.33 463.25 Td (available ) Tj ET Q q 0 0 0 rg BT 429.26 463.25 Td (at ) Tj ET Q q 0 0 0 rg BT 439.32 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.37 463.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 477.20 463.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 543.34 463.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 565.00 463.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 451.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 451.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 148.09 451.25 Td (average ) Tj ET Q q 0 0 0 rg BT 181.67 451.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 224.71 451.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 247.20 451.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 271.92 451.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.86 451.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 325.24 451.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 346.62 451.25 Td (related ) Tj ET Q q 0 0 0 rg BT 376.32 451.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.60 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 402.43 451.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 451.59 451.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 491.86 451.25 Td (leases: ) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 408.75 443.00 -16.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 408.75 4.00 -16.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 408.75 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 408.75 m 492.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 408.75 m 561.5 408.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.45 429.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 413.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.04 397.42 Td (eighted average remaining lease term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.90 397.42 Td (5.7 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 381.42 Td (W) Tj ET Q q 0 0 0 rg BT 60.64 381.42 Td (eighted average discount rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 381.42 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 381.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.25 Td (Lease ) Tj ET Q q 0 0 0 rg BT 93.80 353.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 116.79 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 131.44 353.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.19 353.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 199.05 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 210.37 353.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 237.23 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 258.00 353.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.43 353.25 Td (term ) Tj ET Q q 0 0 0 rg BT 286.74 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.06 353.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 311.04 353.25 Td (months ) Tj ET Q q 0 0 0 rg BT 343.48 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.80 353.25 Td (less ) Tj ET Q q 0 0 0 rg BT 372.78 353.25 Td (are ) Tj ET Q q 0 0 0 rg BT 387.98 353.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 434.83 353.25 Td (on ) Tj ET Q q 0 0 0 rg BT 447.81 353.25 Td (a ) Tj ET Q q 0 0 0 rg BT 455.24 353.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 506.55 353.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 529.54 353.25 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 353.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 71.33 341.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 94.00 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.85 341.25 Td (For ) Tj ET Q q 0 0 0 rg BT 111.58 341.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 142.85 341.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 171.08 341.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.36 341.25 Td (on ) Tj ET Q q 0 0 0 rg BT 214.20 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.26 341.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 250.10 341.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 283.05 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.33 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.40 341.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 365.78 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.96 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.02 341.25 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 439.07 341.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 460.35 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 474.41 341.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 520.12 341.25 Td (separately) Tj ET Q q 0 0 0 rg BT 560.00 341.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.26 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.45 329.25 Td (depreciable ) Tj ET Q q 0 0 0 rg BT 131.51 329.25 Td (life ) Tj ET Q q 0 0 0 rg BT 146.82 329.25 Td (reflective ) Tj ET Q q 0 0 0 rg BT 186.54 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.85 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.05 329.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 248.56 329.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 270.52 329.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 293.33 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 295.16 329.25 Td (W) Tj ET Q q 0 0 0 rg BT 303.80 329.25 Td (e ) Tj ET Q q 0 0 0 rg BT 310.22 329.25 Td (have ) Tj ET Q q 0 0 0 rg BT 331.08 329.25 Td (subleased ) Tj ET Q q 0 0 0 rg BT 371.93 329.25 Td (part ) Tj ET Q q 0 0 0 rg BT 389.46 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.77 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.96 329.25 Td (of) Tj ET Q q 0 0 0 rg BT 422.11 329.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 439.08 329.25 Td (space ) Tj ET Q q 0 0 0 rg BT 463.26 329.25 Td (included ) Tj ET Q q 0 0 0 rg BT 499.67 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.43 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.74 329.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (leases. ) Tj ET Q q 0 0 0 rg BT 78.51 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.94 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 89.58 317.25 Td (e ) Tj ET Q q 0 0 0 rg BT 96.65 317.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 125.37 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.78 317.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 167.27 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.33 317.25 Td (total ) Tj ET Q q 0 0 0 rg BT 194.74 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.70 317.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.08 317.25 Td ($10.4 ) Tj ET Q q 0 0 0 rg BT 291.21 317.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.10 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.73 317.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.02 317.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.02 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.65 317.25 Td (through ) Tj ET Q q 0 0 0 rg BT 393.38 317.25 Td (2025 ) Tj ET Q q 0 0 0 rg BT 416.01 317.25 Td (under ) Tj ET Q q 0 0 0 rg BT 441.41 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.37 317.25 Td (sublease ) Tj ET Q q 0 0 0 rg BT 493.87 317.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 544.53 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 317.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (following ) Tj ET Q q 0 0 0 rg BT 90.89 305.25 Td (table ) Tj ET Q q 0 0 0 rg BT 112.82 305.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 163.08 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.80 305.25 Td (components ) Tj ET Q q 0 0 0 rg BT 228.63 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.46 305.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 261.94 305.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 284.44 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.38 305.25 Td (sublease ) Tj ET Q q 0 0 0 rg BT 337.76 305.25 Td (income:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 254.75 229.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 254.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 254.75 210.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 254.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 254.75 66.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 224.75 229.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 224.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 224.75 210.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 224.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 224.75 66.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 194.75 229.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 194.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 194.75 210.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 194.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 194.75 66.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 164.75 229.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 164.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 164.75 210.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 164.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 164.75 66.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 134.75 229.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 134.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 134.75 210.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 134.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 134.75 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 254.75 m 279 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 254.75 m 493 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 254.75 m 563 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 254.75 m 493 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 254.75 m 563 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 209.75 m 563 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 194.75 m 563 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 149.75 m 563 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 149.75 m 563 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 134.75 m 563 134.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.25 284.42 Td (Y) Tj ET Q q 0 0 0 rg BT 512.97 284.42 Td (ear Ended) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 259.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.25 259.42 Td (Income Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.45 269.42 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 259.42 Td (2019) Tj ET Q BT /F1 10.00 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0 0 rg BT 531.65 396.27 Td (10,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 381.27 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 381.27 Td (8,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 366.27 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 366.27 Td (otal minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 366.27 Td (59,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 351.27 Td (Less: ) Tj ET Q q 0 0 0 rg BT 87.56 351.27 Td (Amount representing interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 351.32 Td (\(10,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 351.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 336.27 Td (Present value of minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 336.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 336.27 Td (48,833) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 308.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.03 308.10 Td (following ) Tj ET Q q 0 0 0 rg BT 127.90 308.10 Td (table ) Tj ET Q q 0 0 0 rg BT 150.31 308.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 201.05 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.04 308.10 Td (year ) Tj ET Q q 0 0 0 rg BT 234.22 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.42 308.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 292.94 308.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 356.44 308.10 Td (future ) Tj ET Q q 0 0 0 rg BT 383.30 308.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 424.61 308.10 Td (under ) Tj ET Q q 0 0 0 rg BT 450.36 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.67 308.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 496.03 308.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.34 308.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 550.85 308.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.77 296.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 111.71 296.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 158.08 296.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 196.67 296.10 Td (under ) 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0 0 rg BT 423.87 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 429.92 437.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 477.58 437.25 Td (.��) Tj ET Q q 0 0 0 rg BT 484.90 437.25 Td (These ) Tj ET Q q 0 0 0 rg BT 512.33 437.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 550.31 437.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.41 425.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 123.44 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 132.92 425.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 152.28 425.25 Td (T) Tj ET Q q 0 0 0 rg BT 158.04 425.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 189.16 425.25 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 217.26 425.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 253.93 425.25 Td (at ) Tj ET Q q 0 0 0 rg BT 262.85 425.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 304.53 425.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 324.84 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.98 425.25 Td (money ) Tj ET Q q 0 0 0 rg BT 369.90 425.25 Td (market ) Tj ET Q q 0 0 0 rg BT 399.36 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rg BT 414.61 389.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 452.00 389.25 Td (value ) Tj ET Q q 0 0 0 rg BT 477.72 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.12 389.25 Td (these ) Tj ET Q q 0 0 0 rg BT 514.73 389.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 105.87 377.25 Td (their ) Tj ET Q q 0 0 0 rg BT 126.70 377.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 167.52 377.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 183.89 377.25 Td (market ) Tj ET Q q 0 0 0 rg BT 214.16 377.25 Td (value ) Tj ET Q q 0 0 0 rg BT 238.31 377.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.14 377.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.97 377.25 Td (December ) Tj ET Q q 0 0 0 rg BT 303.56 377.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 318.56 377.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.56 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 341.06 377.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 377.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 377.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (Note 5. Unevaluated Pr) Tj ET Q q 0 0 0 rg BT 148.75 353.25 Td (operty) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 329.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.60 329.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 116.24 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.00 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.65 329.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 192.39 329.25 Td (property ) Tj ET Q q 0 0 0 rg BT 228.69 329.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 251.12 329.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 289.64 329.25 Td (from ) Tj ET Q q 0 0 0 rg BT 311.51 329.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 324.49 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.36 329.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 371.55 329.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 387.31 329.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 429.72 329.25 Td (being ) Tj ET Q q 0 0 0 rg BT 454.37 329.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 496.78 329.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 329.25 Td (December�31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.44 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.16 317.25 Td (year ) Tj ET Q q 0 0 0 rg BT 125.86 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.14 317.25 Td (which ) Tj ET Q q 0 0 0 rg BT 163.08 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.80 317.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 200.30 317.25 Td (were ) Tj ET Q q 0 0 0 rg BT 222.22 317.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 258.04 317.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 261.75 159.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 208.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 212.00 261.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 277.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 281.00 261.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 346.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 350.00 261.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 415.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.00 261.75 74.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 261.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 261.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 231.75 159.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 208.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 212.00 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 277.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 281.00 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 346.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 350.00 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 415.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.00 231.75 74.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 231.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 291.75 m 277 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 291.75 m 281 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 291.75 m 346 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 291.75 m 350 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 291.75 m 415 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 291.75 m 419 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 291.75 m 493 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 291.75 m 497 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 291.75 m 562 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 276.75 m 277 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 276.75 m 281 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 276.75 m 346 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 276.75 m 350 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 276.75 m 415 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 276.75 m 419 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 276.75 m 493 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 261.75 m 208 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 261.75 m 277 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 261.75 m 346 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 261.75 m 415 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 261.75 m 493 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 261.75 m 562 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 261.75 m 277 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 261.75 m 346 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 261.75 m 415 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 261.75 m 493 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 261.75 m 562 261.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 216.75 m 277 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 216.75 m 346 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 216.75 m 415 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 216.75 m 493 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 216.75 m 562 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 202.75 m 277 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 200.75 m 277 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 202.75 m 346 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 200.75 m 346 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 202.75 m 415 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 200.75 m 415 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 202.75 m 493 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 200.75 m 493 200.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 202.75 m 562 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 200.75 m 562 200.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 296.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.20 296.42 Td (December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 281.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.85 281.42 Td (Costs Incurred During:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 281.42 Td (�) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 266.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.00 266.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 266.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 266.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.75 266.42 Td (2016 and Prior) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.75 266.42 Td (T) Tj ET Q q 0 0 0 rg BT 524.16 266.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 251.42 Td (Property acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 251.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 251.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 251.42 Td (8,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 251.42 Td (572,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 251.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 251.42 Td (581,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 236.42 Td (Exploration and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 236.42 Td (3,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 236.42 Td (1,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 236.42 Td (3,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 236.42 Td (108,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 236.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 236.42 Td (16,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 221.42 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 221.42 Td (31,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 221.42 Td (27,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 221.42 Td (23,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 221.42 Td (92,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 221.42 Td (174,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 206.42 Td (T) Tj ET Q q 0 0 0 rg BT 68.91 206.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 206.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 206.42 Td (35,01) Tj ET Q q 0 0 0 rg BT 268.15 206.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 206.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 206.42 Td (28,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 206.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 206.42 Td (34,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 206.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 206.42 Td (774,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 206.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 206.42 Td (872,910) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.23 178.25 Td (property ) Tj ET Q q 0 0 0 rg BT 121.28 178.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 167.34 178.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.51 178.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.35 178.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.35 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.52 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.14 178.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 263.75 178.25 Td (were ) Tj ET Q q 0 0 0 rg BT 285.35 178.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 324.74 178.25 Td (related ) Tj ET Q q 0 0 0 rg BT 354.12 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.07 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.46 178.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 394.52 178.25 Td (value ) Tj ET Q q 0 0 0 rg BT 418.35 178.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 456.61 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.56 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.96 178.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 518.67 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 178.25 Td (interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.56 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.07 166.25 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 103.23 166.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 129.67 166.25 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 170.17 166.25 Td (\(�CCA�\) ) Tj ET Q q 0 0 0 rg BT 209.55 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.28 166.25 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 262.77 166.25 Td (Draw) Tj ET Q q 0 0 0 rg BT 284.33 166.25 Td (, ) Tj ET Q q 0 0 0 rg BT 290.12 166.25 Td (as ) Tj ET Q q 0 0 0 rg BT 301.73 166.25 Td (well ) Tj ET Q q 0 0 0 rg BT 322.24 166.25 Td (as ) Tj ET Q q 0 0 0 rg BT 333.85 166.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 347.74 164.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.99 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.28 166.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 386.44 166.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 424.71 166.25 Td (at ) Tj ET Q q 0 0 0 rg BT 435.22 166.25 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 467.94 166.25 Td (Field. ) Tj ET Q q 0 0 0 rg BT 494.29 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.57 166.25 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 548.07 166.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.10 154.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.05 154.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 153.12 154.25 Td (as ) Tj ET Q q 0 0 0 rg BT 163.40 154.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 213.67 154.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 255.60 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 269.76 154.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 308.93 154.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 351.97 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 371.70 154.25 Td (our�tertiary ) Tj ET Q q 0 0 0 rg BT 418.36 154.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 430.87 154.25 Td (fields ) Tj ET Q q 0 0 0 rg BT 455.03 154.25 Td (that ) Tj ET Q q 0 0 0 rg BT 471.98 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 486.14 154.25 Td (under ) Tj ET Q q 0 0 0 rg BT 510.86 154.25 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (but ) Tj ET Q q 0 0 0 rg BT 64.06 142.25 Td (did ) Tj ET Q q 0 0 0 rg BT 78.62 142.25 Td (not ) Tj ET Q q 0 0 0 rg BT 93.18 142.25 Td (have ) Tj ET Q q 0 0 0 rg BT 113.84 142.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 143.39 142.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 177.93 142.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.93 142.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 244.80 142.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.80 142.25 Td (.��) Tj ET Q q 0 0 0 rg BT 272.12 142.25 Td (The ) Tj ET Q q 0 0 0 rg BT 289.45 142.25 Td (most ) Tj ET Q q 0 0 0 rg BT 310.68 142.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 354.67 142.25 Td (development ) Tj ET Q q 0 0 0 rg BT 408.10 142.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 429.89 142.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 464.98 142.25 Td (during ) Tj ET Q q 0 0 0 rg BT 492.87 142.25 Td (each ) Tj ET Q q 0 0 0 rg BT 512.97 142.25 Td (period ) Tj ET Q q 0 0 0 rg BT 540.30 142.25 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.38 130.25 Td (development ) Tj ET Q q 0 0 0 rg BT 113.14 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 123.02 130.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 170.65 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 184.42 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.74 130.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 212.63 128.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.88 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.98 130.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 245.09 130.25 Td (at ) Tj ET Q q 0 0 0 rg BT 254.25 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 262.89 130.25 Td (ebster) Tj ET Q q 0 0 0 rg BT 286.37 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 290.97 130.25 Td (Conroe, ) Tj ET Q q 0 0 0 rg BT 325.01 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.56 130.25 Td (CCA) Tj ET Q q 0 0 0 rg BT 361.56 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.67 130.25 Td (fields. ) Tj ET Q q 0 0 0 rg BT 390.49 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 392.44 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 401.08 130.25 Td (e ) Tj ET Q q 0 0 0 rg BT 407.62 130.25 Td (have ) Tj ET Q q 0 0 0 rg BT 428.60 130.25 Td (not ) Tj ET Q q 0 0 0 rg BT 443.48 130.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 457.80 130.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 503.77 130.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 533.64 130.25 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.76 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.04 118.25 Td (these ) Tj ET Q q 0 0 0 rg BT 118.08 118.25 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 91.90 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 106.28 94.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 151.76 94.25 Td (into ) Tj ET Q q 0 0 0 rg BT 169.48 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.87 94.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 236.58 94.25 Td (base ) Tj ET Q q 0 0 0 rg BT 256.52 94.25 Td (on ) Tj ET Q q 0 0 0 rg BT 268.69 94.25 Td (an ) Tj ET Q q 0 0 0 rg BT 280.30 94.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 315.24 94.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 337.41 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.92 94.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 381.74 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.12 94.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 436.60 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.21 94.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 483.15 94.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 518.08 94.25 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (or ) Tj ET Q q 0 0 0 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ET q 0 0 0 rg BT 456.65 472.27 Td (167,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 472.27 Td (180,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 457.27 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 457.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 457.27 Td (5,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 442.27 Td (T) Tj ET Q q 0 0 0 rg BT 69.26 442.27 Td (otal debt principal balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 442.27 Td (2,281,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 442.27 Td (2,532,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 427.27 Td (Debt discount) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 107.33 431.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 427.32 Td (\(101,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 427.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 427.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 412.27 Td (Future interest payable) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 143.14 416.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 412.27 Td (164,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 412.27 Td (250,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 397.27 Td (Debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 397.32 Td (\(10,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 397.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 397.32 Td (\(13,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 397.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 382.27 Td (T) Tj ET Q q 0 0 0 rg BT 69.26 382.27 Td (otal debt, net of debt issuance costs and discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 382.27 Td (2,334,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 382.27 Td (2,769,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 367.27 Td (Less: current maturities of long-term debt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.39 371.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 367.32 Td (\(102,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 367.32 Td (\(105,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 367.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 352.27 Td (Long-term debt and capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 352.27 Td (2,232,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 352.27 Td (2,664,21) Tj ET Q q 0 0 0 rg BT 553.15 352.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 324.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 103.73 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.38 324.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 154.48 324.10 Td (related ) Tj ET Q q 0 0 0 rg BT 184.01 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.11 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.65 324.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 244.85 324.10 Td (during ) Tj ET Q q 0 0 0 rg BT 273.29 324.10 Td (June ) Tj ET Q q 0 0 0 rg BT 293.94 324.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 316.26 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.92 324.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.57 324.10 Td (new ) Tj ET Q q 0 0 0 rg BT 361.56 324.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 384.71 324.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 413.14 324.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 447.68 324.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 479.44 324.10 Td (Lien ) Tj ET Q q 0 0 0 rg BT 500.09 324.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 525.74 324.10 Td (due ) Tj ET Q q 0 0 0 rg BT 542.50 324.10 Td (2024 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 312.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 85.24 312.10 Td (�7�% ) Tj ET Q q 0 0 0 rg BT 112.71 312.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 141.02 312.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 175.42 312.10 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 208.72 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.35 312.10 Td (new ) Tj ET Q q 0 0 0 rg BT 244.21 312.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 249.21 309.94 cm /I35 Do Q q 0 0 0 rg BT 256.71 312.10 Td (% ) Tj ET Q q 0 0 0 rg BT 267.24 312.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 316.65 312.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 344.95 312.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 370.48 312.10 Td (due ) Tj ET Q q 0 0 0 rg BT 387.11 312.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 409.31 312.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 427.06 312.10 Td (�2024 ) Tj ET Q q 0 0 0 rg BT 453.69 312.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 503.10 312.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 531.41 312.10 Td (Notes�\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 300.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.33 300.10 Td ($27.0 ) Tj ET Q q 0 0 0 rg BT 103.33 300.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.22 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.72 300.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.66 300.10 Td ($74.8 ) Tj ET Q q 0 0 0 rg BT 176.66 300.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.55 300.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.55 300.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 261.36 300.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 279.96 300.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 302.46 300.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 324.40 300.10 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 367.44 300.10 Td (T) Tj ET Q q 0 0 0 rg BT 372.45 300.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.12 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.62 300.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 451.89 300.10 Td (as ) Tj ET Q q 0 0 0 rg BT 462.72 300.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.55 300.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 532.13 300.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.13 300.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 288.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 96.25 288.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 128.33 288.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 162.08 288.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 205.26 288.10 Td (most ) Tj ET Q q 0 0 0 rg BT 227.35 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.33 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.19 288.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 285.27 288.10 Td (due ) Tj ET Q q 0 0 0 rg BT 302.36 288.10 Td (over ) Tj ET Q q 0 0 0 rg BT 322.77 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.64 288.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 362.50 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.48 288.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.45 288.10 Td (9% ) Tj ET Q q 0 0 0 rg BT 405.43 288.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 434.18 288.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 469.04 288.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 501.12 288.10 Td (Lien ) Tj ET Q q 0 0 0 rg BT 522.09 288.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 548.07 288.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 276.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 90.18 276.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 108.40 276.10 Td (�2021 ) Tj ET Q q 0 0 0 rg BT 135.52 276.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 164.30 276.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 199.19 276.10 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 232.96 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.08 276.10 Td (9�% ) Tj ET Q q 0 0 0 rg BT 273.59 276.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 302.37 276.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 337.26 276.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 369.37 276.10 Td (Lien ) Tj ET Q q 0 0 0 rg BT 390.37 276.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 416.38 276.10 Td (due ) Tj ET Q q 0 0 0 rg BT 433.50 276.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 456.17 276.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 474.40 276.10 Td (�2022 ) Tj ET Q q 0 0 0 rg BT 501.51 276.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.30 276.10 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 264.10 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 101.10 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.04 264.10 Td (has ) Tj ET Q q 0 0 0 rg BT 133.87 264.10 Td (been ) Tj ET Q q 0 0 0 rg BT 155.24 264.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 198.28 264.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.44 264.10 Td (as ) Tj ET Q q 0 0 0 rg BT 223.27 264.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 242.98 264.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.26 264.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 300.72 264.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.00 264.10 Td (F) Tj ET Q q 0 0 0 rg BT 325.82 264.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 347.77 264.10 Td (470-60, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 381.10 264.10 Td (T) Tj ET Q q 0 0 0 rg BT 386.11 264.10 Td (r) Tj ET Q q 0 0 0 rg BT 389.63 264.10 Td (oubled ) Tj ET Q q 0 0 0 rg BT 419.35 264.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 441.29 264.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 498.78 264.10 Td (by ) Tj ET Q q 0 0 0 rg BT 510.72 264.10 Td (Debtors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.94 264.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 252.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.55 252.10 Td (current ) Tj ET Q q 0 0 0 rg BT 116.36 252.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 158.84 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.66 252.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 211.59 252.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 231.30 252.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.13 252.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.95 252.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 311.53 252.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.53 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.02 252.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.95 252.10 Td ($86.1 ) Tj ET Q q 0 0 0 rg BT 390.95 252.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.84 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.33 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.16 252.10 Td (future ) Tj ET Q q 0 0 0 rg BT 459.53 252.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 491.45 252.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 525.04 252.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.74 252.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 240.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 104.72 240.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 133.33 240.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 168.03 240.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 193.86 240.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.80 240.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 233.30 240.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 261.91 240.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 296.62 240.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 322.45 240.10 Td (that ) Tj ET Q q 0 0 0 rg BT 339.94 240.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.11 240.10 Td (due ) Tj ET Q q 0 0 0 rg BT 366.05 240.10 Td (within ) Tj ET Q q 0 0 0 rg BT 394.11 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.82 240.10 Td (next ) Tj ET Q q 0 0 0 rg BT 428.54 240.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 457.70 240.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 216.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.39 216.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 118.49 216.10 Td (parent ) Tj ET Q q 0 0 0 rg BT 144.82 216.10 Td (company ) Tj ET Q q 0 0 0 rg BT 182.81 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.93 216.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.60 216.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 245.69 216.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 284.52 216.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 320.85 216.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 363.29 216.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 379.89 216.10 Td (\(�DRI�\), ) Tj ET Q q 0 0 0 rg BT 416.49 216.10 Td (is ) Tj ET Q q 0 0 0 rg BT 424.50 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.06 216.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 455.51 216.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 480.17 216.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.84 216.10 Td (all ) Tj ET Q q 0 0 0 rg BT 501.18 216.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.85 216.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 77.54 204.10 Td (secured, ) Tj ET Q q 0 0 0 rg BT 114.19 204.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 162.77 204.10 Td (senior) Tj ET Q q 0 0 0 rg BT 186.81 204.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.92 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.96 204.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 239.01 204.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 294.27 204.10 Td (notes.��DRI ) Tj ET Q q 0 0 0 rg BT 343.70 204.10 Td (has ) Tj ET Q q 0 0 0 rg BT 360.64 204.10 Td (no ) Tj ET Q q 0 0 0 rg BT 374.25 204.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 426.72 204.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 453.66 204.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.60 204.10 Td (operations.��Each ) Tj ET Q q 0 0 0 rg BT 538.34 204.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 204.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.58 192.10 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 138.76 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.06 192.10 Td (such ) Tj ET Q q 0 0 0 rg BT 171.36 192.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 195.44 192.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.08 192.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.41 192.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.38 192.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 263.51 192.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 297.03 192.10 Td (or ) Tj ET Q q 0 0 0 rg BT 308.33 192.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 346.00 192.10 Td (, ) Tj ET Q q 0 0 0 rg BT 351.47 192.10 Td (by ) Tj ET Q q 0 0 0 rg BT 364.44 192.10 Td (DRI, ) Tj ET Q q 0 0 0 rg BT 387.13 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.54 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.73 192.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 465.46 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.76 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.95 192.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 516.03 192.10 Td (are ) Tj ET Q q 0 0 0 rg BT 531.20 192.10 Td (full ) Tj ET Q q 0 0 0 rg BT 548.06 192.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (unconditional ) Tj ET Q q 0 0 0 rg BT 106.37 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.68 180.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 142.89 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.20 180.10 Td (several; ) Tj ET Q q 0 0 0 rg BT 192.17 180.10 Td (any ) Tj ET Q q 0 0 0 rg BT 208.48 180.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 257.58 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.78 180.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 286.88 180.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.75 180.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.83 180.10 Td (not ) Tj ET Q q 0 0 0 rg BT 332.48 180.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 375.47 180.10 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 419.55 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.75 180.10 Td (such ) Tj ET Q q 0 0 0 rg BT 449.96 180.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 472.94 180.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.02 180.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 512.79 180.10 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.60 156.10 Td (Secur) Tj ET Q q 0 0 0 rg BT 103.86 156.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 116.36 156.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 141.65 156.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 153.13 156.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 171.74 156.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 132.10 Td (In ) Tj ET Q q 0 0 0 rg BT 79.62 132.10 Td (December ) Tj ET Q q 0 0 0 rg BT 124.50 132.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 150.79 132.10 Td (we ) Tj ET Q q 0 0 0 rg BT 166.25 132.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 199.46 132.10 Td (into ) Tj ET Q q 0 0 0 rg BT 218.81 132.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.21 132.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 273.88 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.11 132.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 330.33 132.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 358.29 132.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 406.50 132.10 Td (with ) Tj ET Q q 0 0 0 rg BT 428.07 132.10 Td (JPMor) Tj ET Q q 0 0 0 rg BT 454.57 132.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 472.80 132.10 Td (Chase ) Tj ET Q q 0 0 0 rg BT 501.03 132.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 528.43 132.10 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 554.17 132.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.94 120.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 135.33 120.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.00 120.10 Td (other ) Tj ET Q q 0 0 0 rg BT 174.77 120.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 205.88 120.10 Td (party ) Tj ET Q q 0 0 0 rg BT 228.66 120.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 258.66 120.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 272.55 120.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 313.37 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.82 120.10 Td (�Bank ) Tj ET Q q 0 0 0 rg BT 355.60 120.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 382.33 120.10 Td (Agreement�\). ) Tj ET Q q 0 0 0 rg BT 439.26 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.33 120.10 Td (The ) Tj ET Q q 0 0 0 rg BT 459.10 120.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 482.44 120.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 509.18 120.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 555.83 120.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.90 108.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 84.31 108.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 117.81 108.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 159.10 108.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.83 108.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 216.12 108.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.86 108.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.26 108.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 281.11 108.10 Td (date ) Tj ET Q q 0 0 0 rg BT 300.73 108.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.03 108.10 Td (December ) Tj ET Q q 0 0 0 rg BT 356.08 108.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 366.54 108.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 392.01 108.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 430.52 108.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.48 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.66 108.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 500.51 108.10 Td (date ) Tj ET Q q 0 0 0 rg BT 520.13 108.10 Td (may ) Tj ET Q q 0 0 0 rg BT 540.31 108.10 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 77.38 96.10 Td (\(February ) Tj ET Q q 0 0 0 rg BT 119.15 96.10 Td (12, ) Tj ET Q q 0 0 0 rg BT 133.99 96.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 158.84 96.10 Td (May ) Tj ET Q q 0 0 0 rg BT 179.51 96.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 194.35 96.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 216.70 96.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.85 96.10 Td (August ) Tj ET Q q 0 0 0 rg BT 258.09 96.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 272.93 96.10 Td (2021\) ) Tj ET Q q 0 0 0 rg BT 298.61 96.10 Td (if ) Tj ET Q q 0 0 0 rg BT 307.06 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.62 96.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 343.96 96.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 372.42 96.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 406.97 96.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 432.64 96.10 Td (due ) Tj ET Q q 0 0 0 rg BT 449.42 96.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.54 96.10 Td (May ) Tj ET Q q 0 0 0 rg BT 480.22 96.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 502.56 96.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.24 96.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 518.24 93.94 cm /I36 Do Q q 0 0 0 rg BT 525.74 96.10 Td (% ) Tj ET Q q 0 0 0 rg BT 536.41 96.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 105.90 84.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 132.30 84.10 Td (due ) Tj ET Q q 0 0 0 rg BT 149.81 84.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.99 84.10 Td (August ) Tj ET Q q 0 0 0 rg BT 191.95 84.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 215.03 84.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 233.65 84.10 Td (�2021 ) Tj ET Q q 0 0 0 rg BT 261.16 84.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 290.34 84.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 346.74 84.10 Td (Notes�\), ) Tj ET Q q 0 0 0 rg BT 383.41 84.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 431.08 84.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.65 84.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.93 84.10 Td (not ) Tj ET Q q 0 0 0 rg BT 467.78 84.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 495.84 84.10 Td (or ) Tj ET Q q 0 0 0 rg BT 507.24 84.10 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 552.51 84.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.21 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.93 72.10 Td (their ) Tj ET Q q 0 0 0 rg BT 101.65 72.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 144.58 72.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 180.85 72.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 206.30 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.16 72.10 Td (As ) Tj ET Q q 0 0 0 rg BT 221.67 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.39 72.10 Td (December ) Tj ET Q q 0 0 0 rg BT 275.87 72.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 290.77 72.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 315.66 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.27 72.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 374.32 72.10 Td (base ) Tj ET Q q 0 0 0 rg BT 394.49 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.32 72.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 438.70 72.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 495.53 72.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.59 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.20 72.10 Td (revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.23 60.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 106.52 60.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.92 60.10 Td ($615 ) Tj ET Q q 0 0 0 rg BT 151.89 60.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.78 60.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.25 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.66 60.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 246.61 60.10 Td (redeterminations ) Tj ET Q q 0 0 0 rg BT 316.78 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.07 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.26 60.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 387.89 60.10 Td (base ) Tj ET Q q 0 0 0 rg BT 408.63 60.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.80 60.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.55 60.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 459.72 60.10 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 516.01 60.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.76 60.10 Td (May ) Tj ET Q q 0 0 0 rg BT 548.06 60.10 Td (and ) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (November ) Tj ET Q q 0 0 0 rg BT 93.68 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.98 713.10 Td (each ) Tj ET Q q 0 0 0 rg BT 124.26 713.10 Td (year) Tj ET Q q 0 0 0 rg BT 141.07 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 145.54 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 165.28 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.47 713.10 Td (next ) Tj ET Q q 0 0 0 rg BT 198.66 713.10 Td (such ) Tj ET Q q 0 0 0 rg BT 218.96 713.10 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 284.23 713.10 Td (being ) Tj ET Q q 0 0 0 rg BT 308.42 713.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 350.37 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.00 713.10 Td (May ) Tj ET Q q 0 0 0 rg BT 384.30 713.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 408.77 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.74 713.10 Td (If ) Tj ET Q q 0 0 0 rg BT 419.37 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.67 713.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 483.30 713.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 502.49 713.10 Td (under ) Tj ET Q q 0 0 0 rg BT 527.22 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.41 713.10 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.33 701.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 123.11 701.10 Td (were ) Tj ET Q q 0 0 0 rg BT 144.89 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.02 701.10 Td (ever ) Tj ET Q q 0 0 0 rg BT 174.58 701.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 204.69 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.26 701.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 263.27 701.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 285.89 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 299.91 701.10 Td (would ) Tj ET Q q 0 0 0 rg BT 327.26 701.10 Td (be ) Tj ET Q q 0 0 0 rg BT 339.05 701.10 Td (required ) Tj ET Q q 0 0 0 rg BT 374.72 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.85 701.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 409.42 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.99 701.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 452.44 701.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 484.79 701.10 Td (over ) Tj ET Q q 0 0 0 rg BT 504.91 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.70 701.10 Td (period ) Tj ET Q q 0 0 0 rg BT 539.60 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 554.73 701.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 79.81 689.10 Td (six ) Tj ET Q q 0 0 0 rg BT 94.04 689.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 128.55 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.11 689.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 158.66 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.44 689.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 197.11 689.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 224.10 689.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 273.58 689.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 300.58 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.47 689.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 336.79 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 351.56 689.10 Td (available ) Tj ET Q q 0 0 0 rg BT 390.21 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.54 689.10 Td (an ) Tj ET Q q 0 0 0 rg BT 412.54 689.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 453.96 689.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.52 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 501.86 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.20 689.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 689.10 Td ($100 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.19 677.10 Td (which ) Tj ET Q q 0 0 0 rg BT 109.93 677.10 Td (may ) Tj ET Q q 0 0 0 rg BT 129.45 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 141.19 677.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.25 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 190.76 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.28 677.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 223.69 677.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 265.43 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.06 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.58 677.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 350.08 677.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 376.54 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.28 677.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 437.24 677.10 Td (swingline ) Tj ET Q q 0 0 0 rg BT 478.42 677.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 501.83 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.34 677.10 Td (available ) Tj ET Q q 0 0 0 rg BT 554.73 677.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (an ) Tj ET Q q 0 0 0 rg BT 60.93 665.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 101.79 665.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 133.78 665.10 Td (not ) Tj ET Q q 0 0 0 rg BT 148.55 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.32 665.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.07 665.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 205.06 665.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.95 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.45 665.10 Td (each ) Tj ET Q q 0 0 0 rg BT 258.76 665.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 289.08 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.85 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.06 665.10 Td (available ) Tj ET Q q 0 0 0 rg BT 351.14 665.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 407.57 665.10 Td (under ) Tj ET Q q 0 0 0 rg BT 432.33 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.54 665.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 469.65 665.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 496.20 665.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 545.11 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 665.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 73.12 653.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 100.07 653.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 147.00 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.18 653.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 202.55 653.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 231.18 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.13 653.10 Td (severally ) Tj ET Q q 0 0 0 rg BT 286.73 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 299.24 653.10 Td (each ) Tj ET Q q 0 0 0 rg BT 320.06 653.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 363.68 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.52 653.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 394.25 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.76 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 420.94 653.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 446.78 653.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 478.45 653.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 511.50 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.34 653.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 560.01 653.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.93 641.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 83.58 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.45 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 111.55 641.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 145.51 641.10 Td (by ) Tj ET Q q 0 0 0 rg BT 158.94 641.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 174.03 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.90 641.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 227.54 641.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 259.86 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.62 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.38 641.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 319.57 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 333.56 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.43 641.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.62 641.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 399.38 641.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 442.79 641.10 Td (held ) Tj ET Q q 0 0 0 rg BT 463.44 641.10 Td (through ) Tj ET Q q 0 0 0 rg BT 497.98 641.10 Td (DRI�) Tj ET Q q 0 0 0 rg BT 517.98 641.10 Td (s ) Tj ET Q q 0 0 0 rg BT 525.30 641.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 101.97 629.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 116.11 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.80 629.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 159.93 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.74 629.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 198.21 629.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 234.01 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.81 629.10 Td (such ) Tj ET Q q 0 0 0 rg BT 265.62 629.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 318.09 629.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 332.22 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.14 629.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 368.27 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.08 629.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 427.10 629.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 469.56 629.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 517.57 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.37 629.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 548.07 629.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.55 617.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 120.49 617.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 134.87 617.10 Td (applicable\); ) Tj ET Q q 0 0 0 rg BT 184.79 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.95 617.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 216.34 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.50 617.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 252.87 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.93 617.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 295.54 617.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 335.74 617.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 376.23 617.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 413.94 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.10 617.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 479.37 617.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 517.08 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.13 617.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 548.07 617.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 605.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 120.05 605.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 134.21 605.10 Td (applicable\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.99 581.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 110.04 581.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 137.33 581.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 184.70 581.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 210.43 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.70 581.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 255.20 581.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 268.42 581.10 Td (among ) Tj ET Q q 0 0 0 rg BT 298.58 581.10 Td (other ) Tj ET Q q 0 0 0 rg BT 322.07 581.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 351.97 581.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 375.46 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.84 581.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 417.99 581.10 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 475.37 581.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 498.86 581.10 Td (liens; ) Tj ET Q q 0 0 0 rg BT 523.47 581.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 554.73 581.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.88 569.10 Td (mer) Tj ET Q q 0 0 0 rg BT 94.25 569.10 Td (gers, ) Tj ET Q q 0 0 0 rg BT 115.59 569.10 Td (consolidations, ) Tj ET Q q 0 0 0 rg BT 178.05 569.10 Td (liquidations ) Tj ET Q q 0 0 0 rg BT 227.45 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.08 569.10 Td (dissolutions; ) Tj ET Q q 0 0 0 rg BT 296.82 569.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 327.32 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.28 569.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 358.90 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.42 569.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 397.71 569.10 Td (make ) Tj ET Q q 0 0 0 rg BT 421.55 569.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 471.50 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.12 569.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 540.86 569.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 102.00 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.94 557.10 Td (dividends; ) Tj ET Q q 0 0 0 rg BT 163.11 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.05 557.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 202.53 557.10 Td (into ) Tj ET Q q 0 0 0 rg BT 220.59 557.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 268.64 557.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 311.12 557.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 361.65 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.93 557.10 Td (each ) Tj ET Q q 0 0 0 rg BT 392.75 557.10 Td (case ) Tj ET Q q 0 0 0 rg BT 412.45 557.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 443.28 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.56 557.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 497.71 557.10 Td (exceptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td (The Bank Credit ) Tj ET Q q 0 0 0 rg BT 136.10 533.10 Td (Agreement contains certain financial performance covenants through the maturity of the facility) Tj ET Q q 0 0 0 rg BT 519.46 533.10 Td (, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.28 497.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 150.94 497.10 Td (T) Tj ET Q q 0 0 0 rg BT 156.35 497.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 174.46 497.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 197.00 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.89 497.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 263.78 497.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 310.77 497.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.86 497.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 402.50 497.10 Td (covenant, ) Tj ET Q q 0 0 0 rg BT 444.20 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 465.09 497.10 Td (such ) Tj ET Q q 0 0 0 rg BT 486.53 497.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 507.97 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.85 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 497.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 485.10 Td (5.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 485.10 Td (�to ) Tj ET Q q 0 0 0 rg BT 115.78 485.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 130.78 485.10 Td (through ) Tj ET Q q 0 0 0 rg BT 164.39 485.10 Td (December ) Tj ET Q q 0 0 0 rg BT 207.97 485.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 222.97 485.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 245.47 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.41 485.10 Td (4.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.91 485.10 Td (�to ) Tj ET Q q 0 0 0 rg BT 292.69 485.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 307.69 485.10 Td (thereafter;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 473.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 473.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.74 473.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 147.85 473.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 174.85 473.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 207.96 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 227.74 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.09 473.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 291.20 473.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 337.65 473.10 Td (covenant, ) Tj ET Q q 0 0 0 rg BT 378.81 473.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.15 473.10 Td (such ) Tj ET Q q 0 0 0 rg BT 420.05 473.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 440.94 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 456.29 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.63 473.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.96 473.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.46 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.02 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.37 473.10 Td (1.0. ) Tj ET Q q 0 0 0 rg BT 539.94 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.50 473.10 Td (Only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 461.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 105.22 461.10 Td (under ) Tj ET Q q 0 0 0 rg BT 130.49 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.32 461.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 169.92 461.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 196.87 461.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 243.79 461.10 Td (is ) Tj ET Q q 0 0 0 rg BT 252.96 461.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 298.78 461.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 351.82 461.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 378.76 461.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 411.79 461.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 431.51 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.67 461.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 483.72 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.55 461.10 Td (this ) Tj ET Q q 0 0 0 rg BT 511.50 461.10 Td (ratio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 449.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.67 449.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 136.06 449.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 176.88 449.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 197.71 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.54 449.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 261.58 449.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 307.96 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.24 449.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 371.28 449.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.21 449.10 Td (char) Tj ET Q q 0 0 0 rg BT 420.24 449.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 436.07 449.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.90 449.10 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.40 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.90 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.18 449.10 Td (1.0; ) Tj ET Q q 0 0 0 rg BT 494.96 449.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 437.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.38 437.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 144.90 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.89 437.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 192.10 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.75 437.10 Td (current ) Tj ET Q q 0 0 0 rg BT 229.27 437.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 249.81 437.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 270.07 437.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 325.06 437.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 357.33 437.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 385.65 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.64 437.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 450.63 437.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 483.39 437.10 Td (Liabilities\) ) Tj ET Q q 0 0 0 rg BT 529.47 437.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 437.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.52 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.73 437.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 425.10 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 401.10 Td (For ) Tj ET Q q 0 0 0 rg BT 83.60 401.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 121.36 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.89 401.10 Td (computing ) Tj ET Q q 0 0 0 rg BT 176.87 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.29 401.10 Td (current ) Tj ET Q q 0 0 0 rg BT 221.82 401.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 242.35 401.10 Td (per ) Tj ET Q q 0 0 0 rg BT 257.32 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.74 401.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 295.06 401.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 321.77 401.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 370.90 401.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 425.88 401.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 458.15 401.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 486.47 401.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 519.77 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.19 401.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.52 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.99 389.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 133.11 389.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 158.57 389.10 Td (but ) Tj ET Q q 0 0 0 rg BT 173.49 389.10 Td (include ) Tj ET Q q 0 0 0 rg BT 205.06 389.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 248.85 389.10 Td (base ) Tj ET Q q 0 0 0 rg BT 268.76 389.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 315.88 389.10 Td (under ) Tj ET Q q 0 0 0 rg BT 340.78 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.14 389.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 381.71 389.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 414.39 389.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 435.96 389.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 460.86 389.10 Td (facility) Tj ET Q q 0 0 0 rg BT 488.53 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 493.17 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.74 389.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 82.94 377.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 126.39 377.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 160.38 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.50 377.10 Td (current ) Tj ET Q q 0 0 0 rg BT 206.71 377.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 238.49 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.72 377.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 292.60 377.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 332.72 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 343.94 377.10 Td (well ) Tj ET Q q 0 0 0 rg BT 364.06 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 375.29 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.40 377.10 Td (current ) Tj ET Q q 0 0 0 rg BT 421.61 377.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 457.29 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.52 377.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 510.85 377.10 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 101.17 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td (As ) Tj ET Q q 0 0 0 rg BT 80.68 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.08 341.10 Td (December ) Tj ET Q q 0 0 0 rg BT 134.23 341.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 148.79 341.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 173.36 341.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 187.09 341.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 210.26 341.10 Td (under ) Tj ET Q q 0 0 0 rg BT 235.10 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.38 341.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 272.56 341.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 299.16 341.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 345.65 341.10 Td (were ) Tj ET Q q 0 0 0 rg BT 367.15 341.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 397.54 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.39 341.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 440.00 341.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 460.95 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.34 341.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 502.84 341.10 Td (based ) Tj ET Q q 0 0 0 rg BT 527.68 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 539.75 341.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (\(a\)�for ) Tj ET Q q 0 0 0 rg BT 76.39 329.10 Td (ABR ) Tj ET Q q 0 0 0 rg BT 99.05 329.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 128.09 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.62 329.10 Td (base ) Tj ET Q q 0 0 0 rg BT 154.49 329.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.57 329.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 218.65 329.10 Td (under ) Tj ET Q q 0 0 0 rg BT 243.51 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.83 329.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 281.03 329.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 307.66 329.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 354.18 329.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 371.83 329.10 Td (�ABR�\) ) Tj ET Q q 0 0 0 rg BT 406.69 329.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 425.46 329.10 Td (an ) Tj ET Q q 0 0 0 rg BT 437.00 329.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 480.18 329.10 Td (mar) Tj ET Q q 0 0 0 rg BT 495.55 329.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 510.42 329.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 543.07 329.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.50 317.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.45 317.10 Td (2.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.28 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.45 317.10 Td (per ) Tj ET Q q 0 0 0 rg BT 130.39 317.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 162.28 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.78 317.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 186.61 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.44 317.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 232.61 317.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 261.72 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.10 317.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 308.27 317.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 325.43 317.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 344.27 317.10 Td (an ) Tj ET Q q 0 0 0 rg BT 355.88 317.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 399.14 317.10 Td (mar) Tj ET Q q 0 0 0 rg BT 414.50 317.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 429.45 317.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 462.17 317.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.78 317.10 Td (2.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.61 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.78 317.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.73 317.10 Td (3.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.56 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.73 317.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 77.98 305.10 Td (\(capitalized ) Tj ET Q q 0 0 0 rg BT 125.88 305.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 149.36 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.96 305.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 190.21 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.25 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.73 305.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 235.11 305.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 261.09 305.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 310.10 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.81 305.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 338.73 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.21 305.10 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 388.47 305.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 418.62 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.21 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.70 305.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 481.82 305.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 508.07 305.10 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.76 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.47 293.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 113.06 293.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 140.00 293.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 186.91 293.10 Td (was ) Tj ET Q q 0 0 0 rg BT 204.96 293.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 235.77 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.04 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.97 293.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 306.01 293.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 320.70 293.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.52 293.10 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.35 293.10 Td (. ) Tj ET Q q 0 0 0 rg BT 362.34 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.28 293.10 Td (As ) Tj ET Q q 0 0 0 rg BT 377.89 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.71 293.10 Td (December ) Tj ET Q q 0 0 0 rg BT 432.28 293.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 447.27 293.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 472.26 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 486.41 293.10 Td (had ) Tj ET Q q 0 0 0 rg BT 503.34 293.10 Td (no ) Tj ET Q q 0 0 0 rg BT 515.83 293.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (borrowings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.14 281.10 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 125.24 281.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.13 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.72 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.64 281.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 194.67 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.59 281.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 230.94 281.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 280.20 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.23 281.10 Td (were ) Tj ET Q q 0 0 0 rg BT 319.25 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.62 281.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 378.30 281.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.67 281.10 Td (all ) Tj ET Q q 0 0 0 rg BT 411.26 281.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 431.07 281.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 473.64 281.10 Td (under ) Tj ET Q q 0 0 0 rg BT 499.00 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.81 281.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 281.10 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.33 245.10 Td (above ) Tj ET Q q 0 0 0 rg BT 111.50 245.10 Td (description ) Tj ET Q q 0 0 0 rg BT 158.22 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.45 245.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 207.85 245.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 234.62 245.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 281.33 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 290.29 245.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 328.12 245.10 Td (by ) Tj ET Q q 0 0 0 rg BT 340.40 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.91 245.10 Td (express ) Tj ET Q q 0 0 0 rg BT 387.19 245.10 Td (language ) Tj ET Q q 0 0 0 rg BT 425.57 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.29 245.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 474.56 245.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 499.07 245.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 540.22 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 245.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 72.66 233.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 99.25 233.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 145.73 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.22 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.48 233.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 229.08 233.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 261.39 233.10 Td (each ) Tj ET Q q 0 0 0 rg BT 281.76 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.14 233.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.63 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.89 233.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 353.26 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.64 233.10 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 397.36 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.19 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.57 233.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 457.38 233.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 487.20 233.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 507.58 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.41 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.67 233.10 Td (SEC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 72.00 209.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 95.05 209.10 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 141.26 209.10 Td (T) Tj ET Q q 0 0 0 rg BT 147.19 209.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.44 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.26 185.10 Td (third ) Tj ET Q q 0 0 0 rg BT 134.75 185.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 165.67 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.60 185.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 201.71 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 215.97 185.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.88 185.10 Td ($1) Tj ET Q q 0 0 0 rg BT 276.51 185.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 291.62 185.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.51 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.12 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.50 185.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 374.97 185.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 413.11 185.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 445.71 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.65 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.58 185.10 Td (then ) Tj ET Q q 0 0 0 rg BT 492.40 185.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 541.67 185.10 Td (5�% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.73 173.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 135.18 173.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 161.64 173.10 Td (due ) Tj ET Q q 0 0 0 rg BT 179.20 173.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 202.33 173.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 221.00 173.10 Td (�2022 ) Tj ET Q q 0 0 0 rg BT 248.56 173.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 277.80 173.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 334.25 173.10 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 368.47 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.37 173.10 Td (open ) Tj ET Q q 0 0 0 rg BT 401.94 173.10 Td (market ) Tj ET Q q 0 0 0 rg BT 432.83 173.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 483.71 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.50 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.06 173.10 Td (total ) Tj ET Q q 0 0 0 rg BT 526.96 173.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (price ) Tj ET Q q 0 0 0 rg BT 72.81 161.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.46 161.10 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 105.28 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.18 161.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.00 161.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 182.75 161.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 217.16 161.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 252.42 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.01 161.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 304.91 161.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.73 161.10 Td (during ) Tj ET Q q 0 0 0 rg BT 340.16 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.70 161.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 383.46 161.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 415.10 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.75 161.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 452.58 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 467.56 161.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 519.19 161.10 Td (principally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.25 149.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 127.54 149.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.62 149.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.25 149.10 Td ($25.3 ) Tj ET Q q 0 0 0 rg BT 207.40 149.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.29 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.93 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.35 149.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 290.86 149.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 329.04 149.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 361.68 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.66 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.63 149.10 Td (then ) Tj ET Q q 0 0 0 rg BT 408.49 149.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 457.80 149.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 480.44 149.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 509.19 149.10 Td (Subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.75 137.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.11 137.10 Td ($75.7 ) Tj ET Q q 0 0 0 rg BT 118.53 137.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.42 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.34 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.03 137.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 202.81 137.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 241.28 137.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 274.19 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.44 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.69 137.10 Td (then ) Tj ET Q q 0 0 0 rg BT 321.82 137.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 371.41 137.10 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 376.41 134.94 cm /I37 Do Q q 0 0 0 rg BT 383.91 137.10 Td (% ) Tj ET Q q 0 0 0 rg BT 395.16 137.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 424.18 137.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 480.43 137.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 506.68 137.10 Td (due ) Tj ET Q q 0 0 0 rg BT 524.03 137.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 546.95 137.10 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (�2023 ) Tj ET Q q 0 0 0 rg BT 75.89 125.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 103.95 125.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 159.22 125.10 Td (Notes�\) ) Tj ET Q q 0 0 0 rg BT 192.27 125.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.88 125.10 Td ($1) Tj ET Q q 0 0 0 rg BT 215.51 125.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 229.96 125.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.86 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.81 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.54 125.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.25 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.64 125.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 342.47 125.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.75 125.10 Td (38.3 ) Tj ET Q q 0 0 0 rg BT 372.20 125.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.09 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.04 125.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 429.99 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.27 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.43 125.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 496.10 125.10 Td (s ) Tj ET Q q 0 0 0 rg BT 501.94 125.10 Td (common ) Tj ET Q q 0 0 0 rg BT 538.89 125.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 565.00 125.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.53 113.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 105.11 113.10 Td (with ) Tj ET Q q 0 0 0 rg BT 124.59 113.10 Td (these ) Tj ET Q q 0 0 0 rg BT 146.84 113.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 198.81 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 212.17 113.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 257.74 113.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.88 113.10 Td ($55.5 ) Tj ET Q q 0 0 0 rg BT 288.08 113.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.97 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.67 113.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 337.59 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 349.30 113.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 368.22 113.10 Td (extinguishment, ) Tj ET Q q 0 0 0 rg BT 434.08 113.10 Td (net ) Tj ET Q q 0 0 0 rg BT 448.00 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.03 113.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 509.72 113.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 528.64 113.10 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.00 101.10 Td (written ) Tj ET Q q 0 0 0 rg BT 102.83 101.10 Td (of) Tj ET Q q 0 0 0 rg BT 110.97 101.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 119.30 101.10 Td (during ) Tj ET Q q 0 0 0 rg BT 147.91 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.63 101.10 Td (year ) Tj ET Q q 0 0 0 rg BT 182.34 101.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 208.71 101.10 Td (December ) Tj ET Q q 0 0 0 rg BT 252.30 101.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 267.30 101.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 292.30 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.58 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.41 101.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 373.68 101.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 420.06 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.89 101.10 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 77.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.47 77.10 Td (June ) Tj ET Q q 0 0 0 rg BT 119.44 77.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 144.58 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.00 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.07 77.10 Td (series ) Tj ET Q q 0 0 0 rg BT 187.48 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.45 77.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 218.31 77.10 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 265.09 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 279.39 77.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 318.12 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.98 77.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 375.61 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.58 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.55 77.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 451.85 77.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 493.92 77.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 513.78 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.86 77.10 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.91 65.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 96.10 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.63 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.15 65.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 171.01 65.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 190.42 65.10 Td (principal. ) Tj ET Q q 0 0 0 rg BT 230.66 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.37 65.10 Td (As ) Tj ET Q q 0 0 0 rg BT 245.68 65.10 Td (part ) Tj ET Q q 0 0 0 rg BT 263.42 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.94 65.10 Td (these ) Tj ET Q q 0 0 0 rg BT 296.69 65.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 349.15 65.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 380.78 65.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 425.73 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.36 65.10 Td (total ) Tj ET Q q 0 0 0 rg BT 452.33 65.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.85 65.10 Td ($468.4 ) Tj ET Q q 0 0 0 rg BT 492.55 65.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.44 65.10 Td ( ) Tj 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665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.45 665.10 Td (In ) Tj ET Q q 0 0 0 rg BT 301.95 665.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 340.39 665.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 372.99 665.10 Td (also ) Tj ET Q q 0 0 0 rg BT 392.26 665.10 Td (exchanged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.18 665.10 Td ($425.4 ) Tj ET Q q 0 0 0 rg BT 468.85 665.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.74 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.91 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.40 665.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 536.40 665.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 84.12 653.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 115.97 653.10 Td (Lien ) Tj ET Q q 0 0 0 rg BT 136.71 653.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 162.45 653.10 Td (due ) Tj ET Q q 0 0 0 rg BT 179.30 653.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 201.71 653.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 219.67 653.10 Td (�7�% ) Tj ET Q q 0 0 0 rg BT 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605.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (In ) Tj ET Q q 0 0 0 rg BT 80.07 581.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 129.27 581.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.29 581.10 Td (F) Tj ET Q q 0 0 0 rg BT 156.11 581.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 179.80 581.10 Td (470-50, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 214.88 581.10 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 274.67 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.91 581.10 Td (Extinguishments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.01 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 366.75 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.21 581.10 Td (June ) Tj ET Q q 0 0 0 rg BT 405.78 581.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 430.02 581.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 472.02 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.59 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 502.16 581.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 538.06 581.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td 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BT 88.35 545.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 125.82 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.07 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.98 545.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 179.34 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.59 545.10 Td (their ) Tj ET Q q 0 0 0 rg BT 210.39 545.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 248.41 545.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 280.87 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.68 545.10 Td ($22.6 ) Tj ET Q q 0 0 0 rg BT 316.65 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.54 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.02 545.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.93 545.10 Td ($79.9 ) Tj ET Q q 0 0 0 rg BT 389.90 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.79 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.77 545.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 471.43 545.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.40 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.69 545.10 Td (These ) Tj ET Q q 0 0 0 rg BT 505.04 545.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.73 545.10 Td (discounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 533.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 121.98 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 132.81 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.74 533.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 199.45 533.10 Td (over ) Tj ET Q q 0 0 0 rg BT 219.71 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.43 533.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 259.15 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.98 533.10 Td (these ) Tj ET Q q 0 0 0 rg BT 293.03 533.10 Td (notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (Separately) Tj ET Q q 0 0 0 rg BT 109.05 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 114.21 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.09 509.10 Td (June ) Tj ET Q q 0 0 0 rg BT 150.08 509.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 172.74 509.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 213.15 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.14 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.13 509.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 274.46 509.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 301.56 509.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 334.76 509.10 Td (second ) Tj ET Q q 0 0 0 rg BT 365.18 509.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 382.84 509.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 406.61 509.10 Td (was ) Tj ET Q q 0 0 0 rg BT 424.82 509.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 468.01 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 482.33 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 493.32 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.42 509.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 554.18 509.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.16 497.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 99.33 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.70 497.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 146.17 497.10 Td (no ) Tj ET Q q 0 0 0 rg BT 158.73 497.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 178.50 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.39 497.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 207.50 497.10 Td (was ) Tj ET Q q 0 0 0 rg BT 225.61 497.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 274.53 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.52 497.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 336.30 497.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 372.16 497.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 391.93 497.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 428.37 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 450.92 497.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.81 497.10 Td ($6.9 ) Tj ET Q q 0 0 0 rg BT 481.86 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.76 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.31 497.10 Td (were ) Tj ET Q q 0 0 0 rg BT 535.30 497.10 Td (treated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.99 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.59 485.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 102.64 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.58 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.95 485.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 164.66 485.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 196.81 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.30 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.68 485.10 Td (new ) Tj ET Q q 0 0 0 rg BT 240.50 485.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 263.49 485.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 291.76 485.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 326.13 485.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 354.12 485.10 Td (which ) Tj ET Q q 0 0 0 rg BT 380.72 485.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 416.77 485.10 Td (will ) Tj ET Q q 0 0 0 rg BT 434.48 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 446.08 485.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 488.22 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.71 485.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 530.31 485.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.49 473.10 Td (term ) Tj ET Q q 0 0 0 rg BT 105.31 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.14 473.10 Td (these ) Tj ET Q q 0 0 0 rg BT 139.19 473.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (January ) Tj ET Q q 0 0 0 rg BT 87.56 449.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 110.06 449.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 137.66 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.16 449.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 201.01 449.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 223.50 449.10 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.74 425.10 Td (January ) Tj ET Q q 0 0 0 rg BT 132.75 425.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 158.16 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 172.73 425.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 201.18 425.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 251.85 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.54 425.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 303.21 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.55 425.10 Td (total ) Tj ET Q q 0 0 0 rg BT 331.24 425.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.47 425.10 Td ($174.3 ) Tj ET Q q 0 0 0 rg BT 372.88 425.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.78 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.68 425.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 446.46 425.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 484.91 425.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 517.81 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.05 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.29 425.10 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 84.29 413.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 111.85 413.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 166.63 413.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 190.86 413.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.65 413.10 Td ($74.1 ) Tj ET Q q 0 0 0 rg BT 231.27 413.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.16 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.29 413.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 305.27 413.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 343.94 413.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 377.06 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.51 413.10 Td (new ) Tj ET Q q 0 0 0 rg BT 408.30 413.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 431.42 413.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 460.65 413.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 495.98 413.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 522.44 413.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 413.10 Td ($59.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.04 401.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 122.55 401.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 160.75 401.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.39 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.37 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.35 401.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 265.22 401.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 314.54 401.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 337.19 401.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 387.05 401.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 415.81 401.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 444.29 401.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 481.93 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.36 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.45 401.10 Td (net ) Tj ET Q q 0 0 0 rg BT 514.32 401.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.73 401.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.77 389.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 85.92 389.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 124.40 389.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.78 389.10 Td (these ) Tj ET Q q 0 0 0 rg BT 170.27 389.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 214.85 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.12 389.10 Td ($40.8 ) Tj ET Q q 0 0 0 rg BT 251.56 389.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.45 389.10 Td (. ) Tj ET Q q 0 0 0 rg BT 285.89 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.61 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 307.10 389.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 352.79 389.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 376.84 389.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 416.99 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.26 389.10 Td ($1) Tj ET Q q 0 0 0 rg BT 437.89 389.10 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 453.33 389.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.22 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.16 389.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 526.96 389.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.61 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.05 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.49 377.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 129.60 377.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 157.82 377.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 213.25 377.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.19 377.10 Td ($94.2 ) Tj ET Q q 0 0 0 rg BT 265.81 377.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.70 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.81 377.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 337.78 377.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 375.43 377.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 407.54 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.98 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.42 377.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 455.53 377.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 483.75 377.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 539.19 377.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.63 365.10 Td ($68.5 ) Tj ET Q q 0 0 0 rg BT 91.83 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.72 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.41 365.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 164.97 365.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 203.21 365.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 235.90 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.92 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.94 365.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 285.64 365.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.44 365.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 370.46 365.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 398.99 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.68 365.10 Td (In ) Tj ET Q q 0 0 0 rg BT 412.70 365.10 Td (May ) Tj ET Q q 0 0 0 rg BT 433.73 365.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 458.92 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.83 365.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 493.75 365.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 531.98 365.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.15 353.10 Td (future ) Tj ET Q q 0 0 0 rg BT 94.23 353.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 126.87 353.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 171.17 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.16 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.58 353.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 220.79 353.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 271.21 353.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 300.53 353.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 327.06 353.10 Td (were ) Tj ET Q q 0 0 0 rg BT 349.70 353.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 398.44 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.43 353.10 Td (�Paid-in ) Tj ET Q q 0 0 0 rg BT 445.96 353.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 475.82 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.80 353.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 516.11 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.65 353.10 Td (par� ) Tj ET Q q 0 0 0 rg BT 548.06 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (�Common ) Tj ET Q q 0 0 0 rg BT 93.22 341.10 Td (stock� ) Tj ET Q q 0 0 0 rg BT 120.82 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.66 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.04 341.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 200.87 341.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 235.13 341.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 263.29 341.10 Td (following ) Tj ET Q q 0 0 0 rg BT 304.24 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.51 341.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 364.44 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.83 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.10 341.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 412.26 341.10 Td (into ) Tj ET Q q 0 0 0 rg BT 429.88 341.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 456.92 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.31 341.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 504.35 341.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 341.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 69.31 329.10 Td (Conversions ) Tj ET Q q 0 0 0 rg BT 123.03 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.52 329.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 158.23 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.94 329.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 200.66 329.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 251.58 329.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 281.40 329.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 307.90 329.10 Td (into ) Tj ET Q q 0 0 0 rg BT 327.17 329.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 366.99 329.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 392.36 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.58 329.10 Td (April ) Tj ET Q q 0 0 0 rg BT 427.85 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.57 329.10 Td (May ) Tj ET Q q 0 0 0 rg BT 468.05 329.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.05 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.76 329.10 Td (below ) Tj ET Q q 0 0 0 rg BT 519.92 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 535.29 329.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (discussion\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 72.00 293.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 99.60 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.10 293.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 162.95 293.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 185.44 293.10 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (During ) Tj ET Q q 0 0 0 rg BT 99.11 269.10 Td (December ) Tj ET Q q 0 0 0 rg BT 143.46 269.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 169.24 269.10 Td (we ) Tj ET Q q 0 0 0 rg BT 184.18 269.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 216.88 269.10 Td (into ) Tj ET Q q 0 0 0 rg BT 235.71 269.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 274.52 269.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 319.45 269.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 368.26 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.31 269.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 420.34 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.05 269.10 Td (total ) Tj ET Q q 0 0 0 rg BT 449.10 269.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.71 269.10 Td ($609.8 ) Tj ET Q q 0 0 0 rg BT 491.48 269.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.38 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.65 269.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.18 257.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 121.32 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.79 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.26 257.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 184.07 257.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 211.65 257.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 266.44 257.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 290.69 257.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.49 257.10 Td ($381.6 ) Tj ET Q q 0 0 0 rg BT 336.14 257.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.03 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.17 257.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 410.17 257.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 448.85 257.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 481.99 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.46 257.10 Td (new ) Tj ET Q q 0 0 0 rg BT 513.26 257.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 536.40 257.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 83.14 245.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 107.91 245.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.79 245.10 Td ($84.7 ) Tj ET Q q 0 0 0 rg BT 147.72 245.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.62 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.05 245.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 218.35 245.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 255.33 245.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 286.76 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.53 245.10 Td (3�% ) Tj ET Q q 0 0 0 rg BT 318.80 245.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 367.45 245.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 394.99 245.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 419.76 245.10 Td (due ) Tj ET 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (Conversions of 2023 and 2024 Convertible Senior) Tj ET Q q 0 0 0 rg BT 259.88 185.10 Td ( Notes into Common Stock in ) Tj ET Q q 0 0 0 rg BT 386.56 185.10 Td (April and May 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 161.10 Td (During ) Tj ET Q q 0 0 0 rg BT 97.30 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.98 161.10 Td (second ) Tj ET Q q 0 0 0 rg BT 140.21 161.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 170.00 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.79 161.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 203.76 161.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 234.66 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.46 161.10 Td (all�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.96 161.10 Td ($59.4 ) Tj ET Q q 0 0 0 rg BT 280.92 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.81 161.10 Td (�aggregate ) Tj ET Q q 0 0 0 rg BT 352.64 161.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 389.65 161.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 421.11 161.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 469.24 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.04 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.84 161.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 515.30 161.10 Td (Convertible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 77.52 149.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 102.76 149.10 Td (and�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.70 149.10 Td ($84.7 ) Tj ET Q q 0 0 0 rg BT 144.11 149.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 149.10 Td (�aggregate ) Tj ET Q q 0 0 0 rg BT 216.28 149.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 253.73 149.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 285.64 149.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 334.21 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.46 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.70 149.10 Td (3�% ) Tj ET Q q 0 0 0 rg BT 382.44 149.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 431.56 149.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 459.58 149.10 Td 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rg BT 440.45 137.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 466.46 137.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 503.85 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.03 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.64 137.10 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (of�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 125.10 Td (55.2 ) Tj ET Q q 0 0 0 rg BT 81.23 125.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.12 125.10 Td (�shares ) Tj ET Q q 0 0 0 rg BT 141.01 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.74 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.47 125.10 Td (common ) Tj ET Q q 0 0 0 rg BT 207.86 125.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 232.37 125.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 255.76 125.10 Td (conversion. ) Tj ET Q q 0 0 0 rg BT 305.54 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.69 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 327.64 125.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 348.25 125.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 387.19 125.10 Td (balances ) 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536.68 689.25 Td (Notes.� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 677.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 90.69 677.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 119.62 677.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 154.65 677.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 183.30 677.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.56 677.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 230.59 677.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.84 677.25 Td (at ) Tj ET Q q 0 0 0 rg BT 272.88 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.14 677.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 297.95 677.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.10 677.25 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.43 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 325.25 677.25 Td (per ) Tj ET Q q 0 0 0 rg BT 340.84 677.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 373.38 677.25 Td (were ) Tj ET Q q 0 0 0 rg BT 395.63 677.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 423.45 677.25 Td (at ) Tj ET Q q 0 0 0 rg BT 433.49 677.25 Td (par ) Tj ET Q q 0 0 0 rg BT 449.08 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.68 677.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 506.37 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 526.97 677.25 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 94.19 665.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 138.88 665.25 Td (with ) Tj ET Q q 0 0 0 rg BT 159.69 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 167.17 665.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 198.54 665.25 Td (number ) Tj ET Q q 0 0 0 rg BT 232.13 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.50 665.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 275.97 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.34 665.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 322.05 665.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 349.53 665.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 404.22 665.25 Td (notes.� ) Tj ET Q q 0 0 0 rg BT 433.15 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 451.74 665.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 474.78 665.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 503.92 665.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 539.17 665.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 79.74 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 92.22 653.25 Td (May ) Tj ET Q q 0 0 0 rg BT 113.04 653.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 128.02 653.25 Td (2021, ) Tj ET Q q 0 0 0 rg BT 153.00 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.92 653.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 201.83 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 210.98 653.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 244.55 653.25 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 300.35 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.61 653.25 Td (arrears ) Tj ET Q q 0 0 0 rg BT 340.29 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.77 653.25 Td (May ) Tj ET Q q 0 0 0 rg BT 373.58 653.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 386.06 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.98 653.25 Td (November ) Tj ET Q q 0 0 0 rg BT 447.67 653.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 460.15 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.96 653.25 Td (each ) Tj ET Q q 0 0 0 rg BT 491.76 653.25 Td (year) Tj ET Q q 0 0 0 rg BT 508.41 653.25 Td (.� ) Tj ET Q q 0 0 0 rg BT 515.34 653.25 Td (At ) Tj ET Q q 0 0 0 rg BT 527.82 653.25 Td (any ) Tj ET Q q 0 0 0 rg BT 544.74 653.25 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.89 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.62 641.25 Td (December ) Tj ET Q q 0 0 0 rg BT 126.65 641.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 142.10 641.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 167.55 641.25 Td (we ) Tj ET Q q 0 0 0 rg BT 182.17 641.25 Td (may ) Tj ET Q q 0 0 0 rg BT 202.33 641.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 234.71 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.87 641.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 272.83 641.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 301.88 641.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 337.04 641.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 363.32 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.05 641.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 401.44 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 412.72 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.45 641.25 Td (part ) Tj ET Q q 0 0 0 rg BT 441.95 641.25 Td (at ) Tj ET Q q 0 0 0 rg BT 452.12 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.40 641.25 Td (option, ) Tj ET Q q 0 0 0 rg BT 499.40 641.25 Td (at ) Tj ET Q q 0 0 0 rg BT 509.57 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.96 641.25 Td (redemption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (price ) Tj ET Q q 0 0 0 rg BT 71.83 629.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 629.25 Td (104.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.33 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.67 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.35 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.91 629.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 183.79 629.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 218.63 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.41 629.25 Td (at ) Tj ET Q q 0 0 0 rg BT 244.97 629.25 Td (par ) Tj ET Q q 0 0 0 rg BT 260.08 629.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 297.98 629.25 Td (, ) Tj ET Q q 0 0 0 rg BT 302.82 629.25 Td (as ) Tj ET Q q 0 0 0 rg BT 313.50 629.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 351.93 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.05 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.61 629.25 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 419.22 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 421.39 629.25 Td (The ) Tj ET Q q 0 0 0 rg BT 439.28 629.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 461.63 629.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 490.08 629.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 524.63 629.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 550.30 629.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (not ) Tj ET Q q 0 0 0 rg BT 64.78 617.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 95.60 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.88 617.25 Td (any ) Tj ET Q q 0 0 0 rg BT 122.82 617.25 Td (sinking ) Tj ET Q q 0 0 0 rg BT 154.77 617.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 175.60 617.25 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 593.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 108.10 593.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 136.73 593.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 171.46 593.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.31 593.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.05 593.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.43 593.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 287.07 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.03 593.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 342.65 593.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.18 593.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.03 593.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.77 593.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.72 593.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 525.80 593.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.32 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 593.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.39 581.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.11 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 581.25 Td (income ) Tj ET Q q 0 0 0 rg BT 169.10 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.87 581.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 232.46 581.25 Td (by ) Tj ET Q q 0 0 0 rg BT 244.52 581.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 307.68 581.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 328.63 581.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.69 581.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.30 581.25 Td (all ) Tj ET Q q 0 0 0 rg BT 405.35 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 581.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.41 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 472.47 581.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.07 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 581.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 581.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.32 569.25 Td (which ) Tj ET Q q 0 0 0 rg BT 126.65 569.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 190.64 569.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 212.42 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.52 569.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 282.61 569.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 337.16 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.84 569.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 369.62 569.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.51 569.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 415.94 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 432.16 569.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 456.17 569.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.42 569.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.74 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 569.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 557.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.37 557.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.86 557.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 168.36 557.25 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 533.25 Td (9�% ) Tj ET Q q 0 0 0 rg BT 92.83 533.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.43 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.26 533.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 147.51 533.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 160.34 533.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 193.74 533.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 216.01 533.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 242.72 533.25 Td (due ) Tj ET Q q 0 0 0 rg BT 261.12 533.25 Td (2022. ) Tj ET Q q 0 0 0 rg BT 286.45 533.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.27 533.25 Td (In ) Tj ET Q q 0 0 0 rg BT 300.43 533.25 Td (December ) Tj ET Q q 0 0 0 rg BT 344.35 533.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 367.18 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.45 533.25 Td (January ) Tj ET Q q 0 0 0 rg BT 418.37 533.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 443.70 533.25 Td (we ) Tj ET Q q 0 0 0 rg BT 458.19 533.25 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.02 533.25 Td ($381.6 ) Tj ET Q q 0 0 0 rg BT 516.35 533.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.24 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 533.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td ($74.1 ) Tj ET Q q 0 0 0 rg BT 74.13 521.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.02 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 107.65 521.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 155.31 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 159.94 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.39 521.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 192.52 521.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 220.76 521.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 255.09 521.25 Td (Notes.� ) Tj ET Q q 0 0 0 rg BT 285.40 521.25 Td (The ) Tj ET Q q 0 0 0 rg BT 303.07 521.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 325.20 521.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 353.44 521.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 387.77 521.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 415.73 521.25 Td (which ) Tj ET Q q 0 0 0 rg BT 442.30 521.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 461.63 521.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.19 521.25 Td (at ) Tj ET Q q 0 0 0 rg BT 502.54 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 509.10 521.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 526.22 521.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.68 521.25 Td (9.25%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.19 509.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 95.83 509.25 Td (were ) Tj ET Q q 0 0 0 rg BT 117.18 509.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 144.10 509.25 Td (at ) Tj ET Q q 0 0 0 rg BT 153.23 509.25 Td (par ) Tj ET Q q 0 0 0 rg BT 167.92 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.62 509.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 223.41 509.25 Td (with ) Tj ET Q q 0 0 0 rg BT 243.11 509.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 286.68 509.25 Td (with ) Tj ET Q q 0 0 0 rg BT 306.38 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.74 509.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 342.99 509.25 Td (number ) Tj ET Q q 0 0 0 rg BT 375.45 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.70 509.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 417.06 509.25 Td (of�existing ) Tj ET Q q 0 0 0 rg BT 461.48 509.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 487.84 509.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 541.41 509.25 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.62 497.25 Td (January ) Tj ET Q q 0 0 0 rg BT 102.41 497.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 124.43 497.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 152.56 497.25 Td (Subor) Tj ET Q q 0 0 0 rg BT 176.08 497.25 Td (dinated ) Tj ET Q q 0 0 0 rg BT 208.09 497.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 229.00 497.25 Td (Exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.34 497.25 Td (and) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 288.78 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.80 497.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 312.82 497.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 340.95 497.25 Td (Subor) Tj ET Q q 0 0 0 rg BT 364.47 497.25 Td (dinated ) Tj ET Q q 0 0 0 rg BT 396.48 497.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 417.39 497.25 Td (Exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.72 497.25 Td (above\).� ) Tj ET Q q 0 0 0 rg BT 496.81 497.25 Td (The ) Tj ET Q q 0 0 0 rg BT 514.37 497.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 536.39 497.25 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 84.03 485.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 109.68 485.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 139.76 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 152.08 485.25 Td (March ) Tj ET Q q 0 0 0 rg BT 180.50 485.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 195.32 485.25 Td (2022, ) Tj ET Q q 0 0 0 rg BT 220.15 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.90 485.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 268.66 485.25 Td (is ) Tj ET Q q 0 0 0 rg BT 277.65 485.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 311.06 485.25 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 366.71 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.80 485.25 Td (arrears ) Tj ET Q q 0 0 0 rg BT 406.32 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 418.64 485.25 Td (March ) Tj ET Q q 0 0 0 rg BT 447.06 485.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 459.38 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.14 485.25 Td (September ) Tj ET Q q 0 0 0 rg BT 521.23 485.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 533.55 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.20 485.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (year) Tj ET Q q 0 0 0 rg BT 66.16 473.25 Td (.� ) Tj ET Q q 0 0 0 rg BT 73.61 473.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.25 473.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.34 473.25 Td (may ) Tj ET Q q 0 0 0 rg BT 109.21 473.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 141.28 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.15 473.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 178.80 473.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 207.56 473.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 242.42 473.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 268.40 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 278.82 473.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 305.91 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 316.89 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.32 473.25 Td (part ) Tj ET Q q 0 0 0 rg BT 345.52 473.25 Td (at ) Tj ET Q q 0 0 0 rg BT 355.39 473.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.37 473.25 Td (option, ) Tj ET Q q 0 0 0 rg BT 402.07 473.25 Td (at ) Tj ET Q q 0 0 0 rg BT 411.94 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 419.03 473.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 467.22 473.25 Td (price ) Tj ET Q q 0 0 0 rg BT 489.86 473.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.84 473.25 Td (109.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.67 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 539.32 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 473.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.23 461.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 121.41 461.25 Td (at ) Tj ET Q q 0 0 0 rg BT 131.81 461.25 Td (any ) Tj ET Q q 0 0 0 rg BT 149.43 461.25 Td (time ) Tj ET Q q 0 0 0 rg BT 170.39 461.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 193.01 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.98 461.25 Td (March ) Tj ET Q q 0 0 0 rg BT 233.26 461.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 248.95 461.25 Td (2020, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.63 461.25 Td (104.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.46 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.65 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.16 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.56 461.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 384.29 461.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 417.47 461.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 440.09 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.06 461.25 Td (March ) Tj ET Q q 0 0 0 rg BT 480.34 461.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 496.03 461.25 Td (2021, ) Tj ET Q q 0 0 0 rg BT 521.71 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.34 461.25 Td (at ) Tj ET Q q 0 0 0 rg BT 549.74 461.25 Td (par ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 87.25 449.25 Td (. ) Tj ET Q q 0 0 0 rg BT 92.25 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.57 449.25 Td (The ) Tj ET Q q 0 0 0 rg BT 112.62 449.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 135.12 449.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 163.72 449.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 198.43 449.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 224.26 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 238.97 449.25 Td (not ) Tj ET Q q 0 0 0 rg BT 254.25 449.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 285.07 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.35 449.25 Td (any ) Tj ET Q q 0 0 0 rg BT 312.29 449.25 Td (sinking ) Tj ET Q q 0 0 0 rg BT 344.24 449.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 365.07 449.25 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 425.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 108.10 425.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 136.73 425.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 171.46 425.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.31 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.05 425.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.43 425.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 287.07 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.03 425.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 342.65 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.18 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.03 425.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.77 425.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.72 425.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 525.80 425.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.32 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 425.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.39 413.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.11 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 413.25 Td (income ) Tj ET Q q 0 0 0 rg BT 169.10 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 413.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.87 413.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 232.46 413.25 Td (by ) Tj ET Q q 0 0 0 rg BT 244.52 413.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 307.68 413.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 328.63 413.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.69 413.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.30 413.25 Td (all ) Tj ET Q q 0 0 0 rg BT 405.35 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 413.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.41 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 472.47 413.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.07 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 413.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 413.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.32 401.25 Td (which ) Tj ET Q q 0 0 0 rg BT 126.65 401.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 190.64 401.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 212.42 401.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.52 401.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 282.61 401.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 337.16 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.84 401.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 369.62 401.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.51 401.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 415.94 401.25 Td (our ) Tj ET Q q 0 0 0 rg BT 432.16 401.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 456.17 401.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.42 401.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.74 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 401.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 389.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.37 389.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.86 389.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 168.36 389.25 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 365.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 92.28 365.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 119.88 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.17 365.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 146.42 365.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 158.71 365.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 191.55 365.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 213.29 365.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 239.45 365.25 Td (due ) Tj ET Q q 0 0 0 rg BT 257.30 365.25 Td (2024. ) Tj ET Q q 0 0 0 rg BT 282.08 365.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.37 365.25 Td (In ) Tj ET Q q 0 0 0 rg BT 294.98 365.25 Td (June ) Tj ET Q q 0 0 0 rg BT 315.59 365.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 340.38 365.25 Td (we ) Tj ET Q q 0 0 0 rg BT 354.32 365.25 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.61 365.25 Td ($528.0 ) Tj ET Q q 0 0 0 rg BT 411.39 365.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.28 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 442.57 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.18 365.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 476.30 365.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 504.69 365.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 539.18 365.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.44 353.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 107.48 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 128.42 353.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 173.23 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 194.17 353.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 224.53 353.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 257.13 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.63 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.01 353.25 Td (Company�) Tj ET Q q 0 0 0 rg BT 325.67 353.25 Td (s ) Tj ET Q q 0 0 0 rg BT 332.73 353.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 382.56 353.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 410.16 353.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 464.98 353.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 489.25 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.85 353.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 541.68 353.25 Td (7�% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 77.26 341.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 111.11 341.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 136.09 341.25 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 153.84 341.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 175.48 341.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 196.57 341.25 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 238.76 341.25 Td (T) Tj ET Q q 0 0 0 rg BT 243.77 341.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.44 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.09 341.25 Td (above\). ) Tj ET Q q 0 0 0 rg BT 323.44 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 324.97 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 342.17 341.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 364.64 341.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 392.40 341.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 426.26 341.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 453.73 341.25 Td (which ) Tj ET Q q 0 0 0 rg BT 479.82 341.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 502.01 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 508.09 341.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 533.06 341.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 68.14 329.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.13 329.25 Td (7.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.96 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.62 329.25 Td (per ) Tj ET Q q 0 0 0 rg BT 126.05 329.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 159.42 329.25 Td (were ) Tj ET Q q 0 0 0 rg BT 182.51 329.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 221.15 329.25 Td (at ) Tj ET Q q 0 0 0 rg BT 232.02 329.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.44 329.25 Td (94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.77 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.43 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.42 329.25 Td (their ) Tj ET Q q 0 0 0 rg BT 349.40 329.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 388.60 329.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 422.25 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.69 329.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 482.31 329.25 Td (with ) Tj ET Q q 0 0 0 rg BT 503.75 329.25 Td (F) Tj ET Q q 0 0 0 rg BT 508.57 329.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 531.68 329.25 Td (470-50, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 107.95 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.85 317.25 Td (Extinguishments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.95 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 197.35 317.25 Td (which ) Tj ET Q q 0 0 0 rg BT 224.69 317.25 Td (equates ) Tj ET Q q 0 0 0 rg BT 257.58 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.25 317.25 Td (an ) Tj ET Q q 0 0 0 rg BT 280.59 317.25 Td (ef) Tj ET Q q 0 0 0 rg BT 288.18 317.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 318.28 317.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 341.18 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.85 317.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 388.63 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.86 317.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.52 317.25 Td (9.39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.35 317.25 Td (. ) Tj ET Q q 0 0 0 rg BT 491.75 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.65 317.25 Td (In ) Tj ET Q q 0 0 0 rg BT 505.88 317.25 Td (July ) Tj ET Q q 0 0 0 rg BT 525.45 317.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 550.85 317.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.50 305.25 Td (an ) Tj ET Q q 0 0 0 rg BT 87.95 305.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.94 305.25 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 149.44 305.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.33 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 180.34 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.67 305.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 213.50 305.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 241.62 305.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 275.83 305.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 301.16 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.94 305.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 350.70 305.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.36 305.25 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 383.87 305.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.76 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.76 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.09 305.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 447.93 305.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 476.04 305.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 510.25 305.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 538.08 305.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (were ) Tj ET Q q 0 0 0 rg BT 70.83 293.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 107.71 293.25 Td (at ) Tj ET Q q 0 0 0 rg BT 116.83 293.25 Td (par) Tj ET Q q 0 0 0 rg BT 129.05 293.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.46 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 135.22 293.25 Td (The ) Tj ET Q q 0 0 0 rg BT 152.67 293.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 175.41 293.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 203.42 293.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 237.53 293.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 262.77 293.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 292.43 293.25 Td (on ) Tj ET Q q 0 0 0 rg BT 304.34 293.25 Td (February ) Tj ET Q q 0 0 0 rg BT 342.34 293.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 356.75 293.25 Td (2024, ) Tj ET Q q 0 0 0 rg BT 381.15 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.49 293.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 428.83 293.25 Td (is ) Tj ET Q q 0 0 0 rg BT 437.40 293.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 470.40 293.25 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 525.63 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 535.31 293.25 Td (arrears ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.47 281.25 Td (February ) Tj ET Q q 0 0 0 rg BT 101.54 281.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 114.51 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.26 281.25 Td (August ) Tj ET Q q 0 0 0 rg BT 163.12 281.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 176.09 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.39 281.25 Td (each ) Tj ET Q q 0 0 0 rg BT 208.68 281.25 Td (year) Tj ET Q q 0 0 0 rg BT 225.34 281.25 Td (. ) Tj ET Q q 0 0 0 rg BT 230.81 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.56 281.25 Td (W) Tj ET Q q 0 0 0 rg BT 242.20 281.25 Td (e ) Tj ET Q q 0 0 0 rg BT 249.61 281.25 Td (may ) Tj ET Q q 0 0 0 rg BT 269.79 281.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 302.19 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.38 281.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 341.18 281.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 370.25 281.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 405.43 281.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 431.73 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.48 281.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 469.89 281.25 Td (or ) Tj ET Q q 0 0 0 rg BT 481.19 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 491.94 281.25 Td (part ) Tj ET Q q 0 0 0 rg BT 510.46 281.25 Td (at ) Tj ET Q q 0 0 0 rg BT 520.64 281.25 Td (our ) Tj ET Q q 0 0 0 rg BT 536.94 281.25 Td (option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 90.55 269.25 Td (August ) Tj ET Q q 0 0 0 rg BT 120.80 269.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 134.66 269.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 158.52 269.25 Td (at ) Tj ET Q q 0 0 0 rg BT 167.10 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 172.90 269.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 219.80 269.25 Td (price ) Tj ET Q q 0 0 0 rg BT 241.14 269.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.83 269.25 Td (103.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.66 269.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.02 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.71 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.28 269.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 353.18 269.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 387.04 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.83 269.25 Td (at ) Tj ET Q q 0 0 0 rg BT 411.41 269.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 449.98 269.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 496.88 269.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 522.12 269.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 560.02 269.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.45 257.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 99.16 257.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.55 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.39 257.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 164.77 257.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 207.93 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.77 257.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 246.21 257.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 274.94 257.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 309.76 257.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 338.21 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.83 257.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 363.45 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.26 257.25 Td (August ) Tj ET Q q 0 0 0 rg BT 404.77 257.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 419.89 257.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 445.01 257.25 Td (we ) Tj ET Q q 0 0 0 rg BT 459.28 257.25 Td (may ) Tj ET Q q 0 0 0 rg BT 479.12 257.25 Td (at ) Tj ET Q q 0 0 0 rg BT 488.95 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.90 257.25 Td (option ) Tj ET Q q 0 0 0 rg BT 533.07 257.25 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (up ) Tj ET Q q 0 0 0 rg BT 61.45 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 71.18 245.25 Td (an ) Tj ET Q q 0 0 0 rg BT 82.57 245.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 123.38 245.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.66 245.25 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.99 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.94 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.22 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.38 245.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 215.88 245.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 247.82 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.10 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.27 245.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 295.05 245.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 323.10 245.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 357.26 245.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 382.54 245.25 Td (at ) Tj ET Q q 0 0 0 rg BT 391.71 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.10 245.25 Td (price ) Tj ET Q q 0 0 0 rg BT 420.03 245.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.31 245.25 Td (107.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.14 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.09 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.37 245.25 Td (par ) Tj ET Q q 0 0 0 rg BT 493.09 245.25 Td (with ) Tj ET Q q 0 0 0 rg BT 512.82 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.98 245.25 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 233.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.23 233.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 117.82 233.25 Td (of) Tj ET Q q 0 0 0 rg BT 125.97 233.25 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 158.83 233.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.43 233.25 Td (In ) Tj ET Q q 0 0 0 rg BT 172.36 233.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 210.23 233.25 Td (at ) Tj ET Q q 0 0 0 rg BT 220.04 233.25 Td (any ) Tj ET Q q 0 0 0 rg BT 237.07 233.25 Td (time ) Tj ET Q q 0 0 0 rg BT 257.44 233.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 279.48 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.28 233.25 Td (August ) Tj ET Q q 0 0 0 rg BT 320.77 233.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 335.87 233.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 360.96 233.25 Td (we ) Tj ET Q q 0 0 0 rg BT 375.22 233.25 Td (may ) Tj ET Q q 0 0 0 rg BT 395.03 233.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 427.05 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.87 233.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 465.29 233.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 494.00 233.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 528.80 233.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.73 233.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 76.29 221.25 Td (or ) Tj ET Q q 0 0 0 rg BT 86.98 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.11 221.25 Td (part ) Tj ET Q q 0 0 0 rg BT 115.01 221.25 Td (at ) Tj ET Q q 0 0 0 rg BT 124.59 221.25 Td (a ) Tj ET Q q 0 0 0 rg BT 131.38 221.25 Td (price ) Tj ET Q q 0 0 0 rg BT 153.72 221.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 177.73 221.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.86 221.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.19 221.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.55 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.23 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.80 221.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 276.70 221.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 309.05 221.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 328.08 221.25 Td (a ) Tj ET Q q 0 0 0 rg BT 334.87 221.25 Td (�make-whole� ) Tj ET Q q 0 0 0 rg BT 395.53 221.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 433.98 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.78 221.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 484.22 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.01 221.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 530.58 221.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 565.02 221.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 209.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 90.88 209.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 119.49 209.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 154.19 209.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 180.02 209.25 Td (are ) Tj ET Q q 0 0 0 rg BT 194.73 209.25 Td (not ) Tj ET Q q 0 0 0 rg BT 210.01 209.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 240.83 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.11 209.25 Td (any ) Tj ET Q q 0 0 0 rg BT 268.05 209.25 Td (sinking ) Tj ET Q q 0 0 0 rg BT 300.00 209.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 320.83 209.25 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.52 185.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 108.83 185.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 137.41 185.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 172.09 185.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.90 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.58 185.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.92 185.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 287.51 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.42 185.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 342.99 185.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.47 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.27 185.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.97 185.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.87 185.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 525.89 185.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.36 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 185.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.39 173.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.11 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 173.25 Td (income ) Tj ET Q q 0 0 0 rg BT 169.10 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 173.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.87 173.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 232.46 173.25 Td (by ) Tj ET Q q 0 0 0 rg BT 244.52 173.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 307.68 173.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 328.63 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.69 173.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.30 173.25 Td (all ) Tj ET Q q 0 0 0 rg BT 405.35 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 173.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.41 173.25 Td (that ) Tj ET Q q 0 0 0 rg BT 472.47 173.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.07 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 173.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 173.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.32 161.25 Td (which ) Tj ET Q q 0 0 0 rg BT 126.65 161.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 190.64 161.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 212.42 161.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.52 161.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 282.61 161.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 337.16 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.84 161.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 369.62 161.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.51 161.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 415.94 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 432.16 161.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 456.17 161.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.42 161.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.74 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 161.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 149.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.37 149.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.86 149.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 168.36 149.25 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 125.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 93.11 125.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.71 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.82 125.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 148.08 125.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 161.19 125.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 194.87 125.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 217.43 125.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 244.42 125.25 Td (due ) Tj ET Q q 0 0 0 rg BT 263.10 125.25 Td (2024. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.71 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.82 125.25 Td (In ) Tj ET Q q 0 0 0 rg BT 302.58 125.25 Td (August ) Tj ET Q q 0 0 0 rg BT 334.58 125.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 360.20 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 374.97 125.25 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.08 125.25 Td ($450.0 ) Tj ET Q q 0 0 0 rg BT 433.70 125.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.59 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.70 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.14 125.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 501.09 125.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.31 125.25 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 77.48 113.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.35 113.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 118.50 113.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 146.93 113.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 181.45 113.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 209.60 113.25 Td (which ) Tj ET Q q 0 0 0 rg BT 236.36 113.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 255.89 113.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 287.64 113.25 Td (at ) Tj ET Q q 0 0 0 rg BT 297.17 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 303.93 113.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 321.24 113.25 Td (of�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.07 113.25 Td (7.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.90 113.25 Td (�per ) Tj ET Q q 0 0 0 rg BT 375.48 113.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 407.52 113.25 Td (were ) Tj ET Q q 0 0 0 rg BT 429.27 113.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 456.59 113.25 Td (at ) Tj ET Q q 0 0 0 rg BT 466.12 113.25 Td (par ) Tj ET Q q 0 0 0 rg BT 481.21 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.31 113.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 515.84 113.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 97.63 101.25 Td (on ) Tj ET Q q 0 0 0 rg BT 110.20 101.25 Td (our ) Tj ET Q q 0 0 0 rg BT 126.10 101.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 149.78 101.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 176.78 101.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 226.28 101.25 Td (with ) Tj ET Q q 0 0 0 rg BT 246.63 101.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 289.20 101.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 327.31 101.25 Td (used ) Tj ET Q q 0 0 0 rg BT 348.21 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 362.44 101.25 Td (general ) Tj ET Q q 0 0 0 rg BT 394.44 101.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 434.77 101.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 475.39 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 477.40 101.25 Td (After ) Tj ET Q q 0 0 0 rg BT 501.07 101.25 Td (note ) Tj ET Q q 0 0 0 rg BT 520.86 101.25 Td (exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 93.84 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.31 89.25 Td (June ) Tj ET Q q 0 0 0 rg BT 125.34 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.47 89.25 Td (July ) Tj ET Q q 0 0 0 rg BT 161.83 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.85 89.25 Td (2019, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.05 89.25 Td ($20.6 ) Tj ET Q q 0 0 0 rg BT 223.24 89.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.13 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 254.82 89.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 293.06 89.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 325.75 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.77 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.68 89.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 375.20 89.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 404.00 89.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 438.90 89.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 464.93 89.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 504.82 89.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 554.18 89.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.79 77.25 Td (December ) Tj ET Q q 0 0 0 rg BT 104.83 77.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 120.29 77.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 145.75 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.50 77.25 Td (The ) Tj ET Q q 0 0 0 rg BT 167.00 77.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 190.79 77.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 219.86 77.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 255.02 77.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 281.31 77.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 312.04 77.25 Td (on ) Tj ET Q q 0 0 0 rg BT 324.99 77.25 Td (February ) Tj ET Q q 0 0 0 rg BT 364.05 77.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 379.51 77.25 Td (2024, ) Tj ET Q q 0 0 0 rg BT 404.97 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.37 77.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 454.76 77.25 Td (is ) Tj ET Q q 0 0 0 rg BT 464.39 77.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 498.44 77.25 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 554.72 77.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (arrears ) Tj ET Q q 0 0 0 rg BT 79.60 65.25 Td (on ) Tj ET Q q 0 0 0 rg BT 92.51 65.25 Td (February ) Tj ET Q q 0 0 0 rg BT 131.51 65.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 144.41 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.11 65.25 Td (August ) Tj ET Q q 0 0 0 rg BT 192.91 65.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 205.81 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.05 65.25 Td (each ) Tj ET Q q 0 0 0 rg BT 238.27 65.25 Td (year) Tj ET Q q 0 0 0 rg BT 254.92 65.25 Td (. ) Tj ET Q q 0 0 0 rg BT 260.33 65.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.02 65.25 Td (W) Tj ET Q q 0 0 0 rg BT 271.66 65.25 Td (e ) Tj ET Q q 0 0 0 rg BT 279.00 65.25 Td (may ) Tj ET Q q 0 0 0 rg BT 299.12 65.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 331.45 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.57 65.25 Td (7�% ) Tj ET Q q 0 0 0 rg BT 370.31 65.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 399.32 65.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 434.43 65.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 460.67 65.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.35 65.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 498.69 65.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.93 65.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.61 65.25 Td (part ) Tj ET Q q 0 0 0 rg BT 539.06 65.25 Td (at ) Tj ET Q q 0 0 0 rg BT 549.18 65.25 Td (our ) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (option ) Tj ET Q q 0 0 0 rg BT 77.46 713.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 119.33 713.10 Td (August ) Tj ET Q q 0 0 0 rg BT 150.63 713.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 165.53 713.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 190.44 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 200.06 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.90 713.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 254.85 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 277.24 713.10 Td (of�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.07 713.10 Td (103.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.90 713.10 Td (�of ) Tj ET Q q 0 0 0 rg BT 337.13 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.75 713.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 389.70 713.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 424.60 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.44 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 451.07 713.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 490.68 713.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 538.63 713.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 87.40 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 92.01 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.46 701.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 140.67 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.56 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.89 701.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 204.77 701.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 247.43 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.76 701.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 284.71 701.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 312.93 701.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 347.25 701.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 375.19 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.31 701.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 399.42 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.85 701.10 Td (August ) Tj ET Q q 0 0 0 rg BT 439.85 701.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 454.47 701.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 479.08 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 492.86 701.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.19 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.52 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 536.96 701.10 Td (option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 81.78 689.10 Td (up ) Tj ET Q q 0 0 0 rg BT 94.63 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.26 689.10 Td (an ) Tj ET Q q 0 0 0 rg BT 117.55 689.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 159.27 689.10 Td (of�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.10 689.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.43 689.10 Td (�of ) Tj ET Q q 0 0 0 rg BT 202.11 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.18 689.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 255.58 689.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 288.42 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.61 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.68 689.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 338.36 689.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 367.32 689.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 402.38 689.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 428.56 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 438.63 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.93 689.10 Td (price ) Tj ET Q q 0 0 0 rg BT 468.76 689.10 Td (of�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.59 689.10 Td (107.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.42 689.10 Td (�of ) Tj ET Q q 0 0 0 rg BT 529.11 689.10 Td (par ) Tj ET Q q 0 0 0 rg BT 544.73 689.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.58 677.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 100.99 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.18 677.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 140.25 677.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 167.11 677.10 Td (of) Tj ET Q q 0 0 0 rg BT 175.26 677.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 207.40 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.27 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 219.46 677.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 256.60 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 265.69 677.10 Td (any ) Tj ET Q q 0 0 0 rg BT 281.99 677.10 Td (time ) Tj ET Q q 0 0 0 rg BT 301.63 677.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 322.94 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.17 677.10 Td (August ) Tj ET Q q 0 0 0 rg BT 362.93 677.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 377.29 677.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 401.66 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 415.19 677.10 Td (may ) Tj ET Q q 0 0 0 rg BT 434.27 677.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 465.56 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.65 677.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 502.34 677.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.32 677.10 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.10 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.14 665.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 111.85 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.45 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.50 665.10 Td (part ) Tj ET Q q 0 0 0 rg BT 150.31 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 159.80 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.50 665.10 Td (price ) Tj ET Q q 0 0 0 rg BT 188.76 665.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 212.68 665.10 Td (to�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.96 665.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.29 665.10 Td (�of ) Tj ET Q q 0 0 0 rg BT 259.39 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.87 665.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 311.68 665.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 343.94 665.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 362.88 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.59 665.10 Td (�make-whole� ) Tj ET Q q 0 0 0 rg BT 430.16 665.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 468.53 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.23 665.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 518.59 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.29 665.10 Td (unpaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 83.93 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.25 653.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.30 653.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 127.63 653.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 156.24 653.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 190.95 653.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 216.78 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 231.48 653.10 Td (not ) Tj ET Q q 0 0 0 rg BT 246.76 653.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 277.59 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.86 653.10 Td (any ) Tj ET Q q 0 0 0 rg BT 304.80 653.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 336.75 653.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 357.58 653.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.52 629.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 108.83 629.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 137.41 629.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 172.09 629.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.90 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.58 629.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.92 629.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 287.51 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.42 629.10 Td (severally ) Tj ET Q q 0 0 0 rg BT 342.99 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 355.47 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.27 629.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.97 629.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.87 629.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 525.89 629.10 Td (all ) Tj ET Q q 0 0 0 rg BT 538.36 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 629.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.39 617.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.11 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 617.10 Td (income ) Tj ET Q q 0 0 0 rg BT 169.10 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.87 617.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 232.46 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.52 617.10 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 307.68 617.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 328.63 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.69 617.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.30 617.10 Td (all ) Tj ET Q q 0 0 0 rg BT 405.35 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 617.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.41 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 472.47 617.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.07 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 617.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 617.10 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.32 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 126.65 605.10 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 190.64 605.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 212.42 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 227.52 605.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 282.61 605.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 337.16 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.84 605.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 369.62 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 387.51 605.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 415.94 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.16 605.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 456.17 605.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.42 605.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.74 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 605.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 593.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.37 593.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.86 593.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 168.36 593.10 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 116.14 569.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 163.71 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.61 569.10 Td (Indentur) Tj ET Q q 0 0 0 rg BT 212.77 569.10 Td (es ) Tj ET Q q 0 0 0 rg BT 223.66 569.10 Td (for) Tj ET Q q 0 0 0 rg BT 236.25 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.81 569.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 266.41 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.97 569.10 Td (Secur) Tj ET Q q 0 0 0 rg BT 293.23 569.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 305.79 569.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 338.91 569.10 Td (Lien ) Tj ET Q q 0 0 0 rg BT 360.92 569.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.86 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.42 569.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 414.96 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.85 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.63 569.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 484.85 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.07 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.84 569.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.40 569.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 85.23 557.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 114.59 557.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 138.12 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 167.76 557.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 203.49 557.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 232.85 557.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 257.21 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 286.84 557.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 322.58 557.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 349.44 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.40 557.10 Td (7�% ) Tj ET Q q 0 0 0 rg BT 391.76 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 421.40 557.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 457.13 557.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 483.99 557.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 520.84 557.10 Td (customary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 91.20 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 107.91 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.83 545.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 160.75 545.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 202.45 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.61 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.32 545.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 264.79 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.84 545.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 307.10 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.25 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.19 545.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 364.45 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.50 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.54 545.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 428.46 545.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 477.39 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.88 545.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 500.25 545.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 522.51 545.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 72.11 533.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.38 533.10 Td (make ) Tj ET Q q 0 0 0 rg BT 110.64 533.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 163.81 533.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 178.08 533.10 Td (create ) Tj ET Q q 0 0 0 rg BT 204.55 533.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 226.05 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 238.66 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.60 533.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.54 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.49 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.31 533.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 332.26 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.20 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.14 533.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 398.95 533.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 451.56 533.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 465.83 533.10 Td (create ) Tj ET Q q 0 0 0 rg BT 492.30 533.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 537.69 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.30 533.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.70 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.68 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.66 521.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 144.52 521.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 194.38 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.81 521.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 221.90 521.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 263.44 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.42 521.10 Td (make ) Tj ET Q q 0 0 0 rg BT 298.72 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 321.92 521.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 362.90 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.33 521.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 393.20 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.18 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 427.38 521.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 467.23 521.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 519.87 521.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 534.18 521.10 Td (engage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.05 509.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 108.59 509.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.14 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.24 509.10 Td (af) Tj ET Q q 0 0 0 rg BT 150.83 509.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 182.59 509.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 196.02 509.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 228.33 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.44 509.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 254.09 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 279.20 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.30 509.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 332.18 509.10 Td (stock; ) Tj ET Q q 0 0 0 rg BT 357.84 509.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 371.27 509.10 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 421.09 509.10 Td (mer) Tj ET Q q 0 0 0 rg BT 436.45 509.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 447.66 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.77 509.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 490.08 509.10 Td (all ) Tj ET Q q 0 0 0 rg BT 501.84 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.95 509.10 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.06 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 72.96 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.86 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 114.75 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.76 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.54 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 172.44 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.34 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.24 497.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 239.01 497.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 291.57 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.58 497.10 Td (\(8\)�make ) Tj ET Q q 0 0 0 rg BT 346.96 497.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 386.73 497.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 427.62 497.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 457.96 497.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 493.85 497.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 523.63 497.10 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.01 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.85 485.10 Td (common ) Tj ET Q q 0 0 0 rg BT 112.35 485.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 134.96 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.80 485.10 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 191.01 485.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 244.17 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.00 485.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 284.95 485.10 Td (such ) Tj ET Q q 0 0 0 rg BT 304.78 485.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 327.40 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 337.24 485.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 390.40 485.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 409.13 485.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 451.74 485.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 484.91 485.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 510.86 485.10 Td (subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (notes\)\), ) Tj ET Q q 0 0 0 rg BT 82.71 473.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 121.19 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 139.13 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.85 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 179.99 473.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 239.57 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 254.17 473.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.32 473.10 Td (make ) Tj ET Q q 0 0 0 rg BT 298.92 473.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 340.19 473.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 380.33 473.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 421.59 473.10 Td (so ) Tj ET Q q 0 0 0 rg BT 433.43 473.10 Td (long ) Tj ET Q q 0 0 0 rg BT 454.14 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 465.41 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 480.01 473.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 517.94 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.32 473.10 Td (Leverage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 73.54 461.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 87.57 461.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 119.93 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.09 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.68 461.10 Td (indentures\) ) Tj ET Q q 0 0 0 rg BT 192.04 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.19 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.34 461.10 Td (exceed�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.60 461.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.10 461.10 Td (�to�1.0�\(both ) Tj ET Q q 0 0 0 rg BT 311.36 461.10 Td (before ) Tj ET Q q 0 0 0 rg BT 339.27 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.08 461.10 Td (after ) Tj ET Q q 0 0 0 rg BT 376.77 461.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 404.70 461.10 Td (ef) Tj ET Q q 0 0 0 rg BT 412.29 461.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 429.65 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.81 461.10 Td (any ) Tj ET Q q 0 0 0 rg BT 456.62 461.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 496.19 461.10 Td (payment\). ) Tj ET Q q 0 0 0 rg BT 538.83 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.68 461.10 Td (As ) Tj ET Q q 0 0 0 rg BT 554.17 461.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.80 449.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 107.52 449.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 132.23 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 146.11 449.10 Td (were ) Tj ET Q q 0 0 0 rg BT 167.75 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.75 449.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 226.05 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 246.04 449.10 Td (all ) Tj ET Q q 0 0 0 rg BT 258.26 449.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 277.69 449.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 319.89 449.10 Td (under ) Tj ET Q q 0 0 0 rg BT 344.87 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 449.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 403.18 449.10 Td (related ) Tj ET Q q 0 0 0 rg BT 432.60 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.59 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.14 449.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 484.79 449.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 517.54 449.10 Td (second ) Tj ET Q q 0 0 0 rg BT 547.53 449.10 Td (lien ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 102.55 413.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 130.14 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.64 413.10 Td (Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 9.93 72.50 386.94 cm /I38 Do Q q 0 0 0 rg BT 80.00 389.10 Td (% ) Tj ET Q q 0 0 0 rg BT 93.02 389.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 146.59 389.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 174.19 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.22 389.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 204.12 389.10 Td (due ) Tj ET Q q 0 0 0 rg BT 222.71 389.10 Td (2024. ) Tj ET Q q 0 0 0 rg BT 248.23 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.26 389.10 Td (In ) Tj ET Q q 0 0 0 rg BT 262.61 389.10 Td (June ) Tj ET Q q 0 0 0 rg BT 283.96 389.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 309.49 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 324.17 389.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.20 389.10 Td ($245.5 ) Tj ET Q q 0 0 0 rg BT 382.72 389.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.61 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.63 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.99 389.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 449.01 389.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 499.25 389.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 528.38 389.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.73 389.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.20 377.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.81 377.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 158.28 377.10 Td (with ) Tj ET Q q 0 0 0 rg BT 177.88 377.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 206.91 377.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 238.18 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.34 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.38 377.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 304.05 377.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.77 377.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 358.26 377.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 384.53 377.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 438.01 377.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 460.94 377.10 Td (\(see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 478.87 377.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 500.70 377.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 521.96 377.10 Td (Reduction ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 365.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.18 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.49 365.10 Td (above\). ) Tj ET Q q 0 0 0 rg BT 135.51 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.65 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.50 365.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 177.81 365.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 227.34 365.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 255.75 365.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 283.89 365.10 Td (which ) Tj ET Q q 0 0 0 rg BT 310.64 365.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 333.49 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.24 365.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 365.87 365.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 397.61 365.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 414.91 365.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.55 365.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.38 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.69 365.10 Td (per ) Tj ET Q q 0 0 0 rg BT 473.77 365.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 505.79 365.10 Td (were ) Tj ET Q q 0 0 0 rg BT 527.53 365.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.94 353.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.91 353.10 Td (67%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.24 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.46 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.01 353.10 Td (their ) Tj ET Q q 0 0 0 rg BT 175.56 353.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 214.32 353.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 247.53 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.53 353.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 306.71 353.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.71 353.10 Td (F) Tj ET Q q 0 0 0 rg BT 332.53 353.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 355.20 353.10 Td (470-50, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 389.25 353.10 Td (Modifications ) Tj ET Q q 0 0 0 rg BT 448.02 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.24 353.10 Td (Extinguishments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.34 353.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.06 353.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (equates ) Tj ET Q q 0 0 0 rg BT 82.82 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.93 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 106.70 341.10 Td (ef) Tj ET Q q 0 0 0 rg BT 114.29 341.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 144.82 341.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 168.15 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.26 341.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 216.48 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.14 341.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.23 341.10 Td (15.31%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.06 341.10 Td (. ) Tj ET Q q 0 0 0 rg BT 325.89 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.22 341.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 362.54 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.87 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.42 341.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 414.76 341.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 465.30 341.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 494.74 341.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 521.40 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 531.41 341.10 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 105.45 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.86 329.10 Td (arrears ) Tj ET Q q 0 0 0 rg BT 145.68 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 158.31 329.10 Td (June ) Tj ET Q q 0 0 0 rg BT 179.27 329.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 191.90 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.96 329.10 Td (December ) Tj ET Q q 0 0 0 rg BT 252.68 329.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 265.30 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.26 329.10 Td (each ) Tj ET Q q 0 0 0 rg BT 297.21 329.10 Td (year ) Tj ET Q q 0 0 0 rg BT 317.04 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.11 329.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 364.50 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 377.13 329.10 Td (December ) Tj ET Q q 0 0 0 rg BT 420.84 329.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 435.97 329.10 Td (2024. ) Tj ET Q q 0 0 0 rg BT 461.10 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.54 329.10 Td (W) Tj ET Q q 0 0 0 rg BT 472.17 329.10 Td (e ) Tj ET Q q 0 0 0 rg BT 479.24 329.10 Td (do ) Tj ET Q q 0 0 0 rg BT 491.87 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 507.28 329.10 Td (have ) Tj ET Q q 0 0 0 rg BT 528.78 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.63 329.10 Td (right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.07 317.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 90.29 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.30 317.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 126.09 317.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 175.10 317.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 203.00 317.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 228.12 317.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 249.36 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.93 317.10 Td (their ) Tj ET Q q 0 0 0 rg BT 279.05 317.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 312.28 317.10 Td (. ) Tj ET Q q 0 0 0 rg BT 316.57 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.24 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 335.58 317.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 357.37 317.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 406.37 317.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 434.28 317.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 459.40 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 473.40 317.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 520.17 317.10 Td (into ) Tj ET Q q 0 0 0 rg BT 537.52 317.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.86 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.21 305.10 Td (common ) Tj ET Q q 0 0 0 rg BT 112.23 305.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 135.37 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 144.61 305.10 Td (any ) Tj ET Q q 0 0 0 rg BT 161.07 305.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 183.37 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 192.61 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.85 305.10 Td (option ) Tj ET Q q 0 0 0 rg BT 234.44 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.79 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.03 305.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 293.00 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 302.24 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.70 305.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 325.71 305.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.07 305.10 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.07 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.10 305.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 380.11 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.47 305.10 Td (common ) Tj ET Q q 0 0 0 rg BT 427.49 305.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 450.62 305.10 Td (per ) Tj ET Q q 0 0 0 rg BT 465.42 305.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 494.94 305.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.51 305.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.84 293.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 83.85 293.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 134.07 293.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 163.18 293.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 192.02 293.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.47 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.14 293.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 273.80 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.59 293.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.35 293.10 Td (90.9 ) Tj ET Q q 0 0 0 rg BT 365.86 293.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.75 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.76 293.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 425.76 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.10 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.32 293.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 493.99 293.10 Td (s ) Tj ET Q q 0 0 0 rg BT 500.89 293.10 Td (common ) Tj ET Q q 0 0 0 rg BT 538.89 293.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.38 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.70 281.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 134.91 281.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 185.23 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.56 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.33 281.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 256.76 281.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 274.29 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.28 281.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 331.05 281.10 Td (price ) Tj ET Q q 0 0 0 rg BT 353.58 281.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.91 281.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 404.78 281.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 417.61 281.10 Td (among ) Tj ET Q q 0 0 0 rg BT 447.37 281.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.47 281.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 499.97 281.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 523.63 281.10 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.52 269.10 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 121.60 269.10 Td (mer) Tj ET Q q 0 0 0 rg BT 136.97 269.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 156.21 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.23 269.10 Td (reclassifications. ) Tj ET Q q 0 0 0 rg BT 242.73 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.12 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 263.24 269.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 285.82 269.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 335.62 269.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 364.30 269.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.21 269.10 Td (will ) Tj ET Q q 0 0 0 rg BT 408.35 269.10 Td (be ) Tj ET Q q 0 0 0 rg BT 420.37 269.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 477.37 269.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 519.37 269.10 Td (into ) Tj ET Q q 0 0 0 rg BT 537.51 269.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.10 257.10 Td (common ) Tj ET Q q 0 0 0 rg BT 97.36 257.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 120.73 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 130.22 257.10 Td (this ) Tj ET Q q 0 0 0 rg BT 146.93 257.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 164.19 257.10 Td (if ) Tj ET Q q 0 0 0 rg BT 172.56 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.05 257.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 219.31 257.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 258.23 257.10 Td (average ) Tj ET Q q 0 0 0 rg BT 291.58 257.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 322.17 257.10 Td (price ) Tj ET Q q 0 0 0 rg BT 344.43 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.02 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.51 257.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 411.17 257.10 Td (s ) Tj ET Q q 0 0 0 rg BT 417.33 257.10 Td (common ) Tj ET Q q 0 0 0 rg BT 454.59 257.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 477.97 257.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 505.78 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.38 257.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 550.29 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 89.14 245.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 114.05 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 140.91 245.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.01 245.10 Td ($2.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.51 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.93 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 190.13 245.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 216.15 245.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.23 245.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.23 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.66 245.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 273.41 245.10 Td (days ) Tj ET Q q 0 0 0 rg BT 294.16 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.36 245.10 Td (any ) Tj ET Q q 0 0 0 rg BT 321.23 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 349.20 245.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.95 245.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.95 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.38 245.10 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 422.00 245.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 452.75 245.10 Td (days, ) Tj ET Q q 0 0 0 rg BT 476.01 245.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 506.76 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.96 245.10 Td (satisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.06 233.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 89.50 233.10 Td (other ) Tj ET Q q 0 0 0 rg BT 112.28 233.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 158.68 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.42 233.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 210.32 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.05 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.50 233.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.62 233.10 Td (may) Tj ET Q q 0 0 0 rg BT 287.19 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.92 233.10 Td (based ) Tj ET Q q 0 0 0 rg BT 316.92 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.15 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.83 233.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 393.60 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.16 233.10 Td (its ) Tj ET Q q 0 0 0 rg BT 415.84 233.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 442.51 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.07 233.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 492.51 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.74 233.10 Td (such ) Tj ET Q q 0 0 0 rg BT 530.31 233.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.94 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 73.94 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.39 221.10 Td (best ) Tj ET Q q 0 0 0 rg BT 106.73 221.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 142.28 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.84 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.29 221.10 Td (Company) Tj ET Q q 0 0 0 rg BT 205.52 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.25 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.92 221.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 257.47 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.48 221.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 296.91 221.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 344.42 221.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 379.40 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.85 221.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 439.95 221.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 459.67 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.41 221.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 480.86 221.10 Td (such ) Tj ET Q q 0 0 0 rg BT 501.42 221.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 547.52 221.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.50 209.10 Td (would ) Tj ET Q q 0 0 0 rg BT 113.74 209.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 139.19 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.87 209.10 Td (proportional ) Tj ET Q q 0 0 0 rg BT 199.55 209.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 237.21 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.23 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.69 209.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 304.15 209.10 Td (price ) Tj ET Q q 0 0 0 rg BT 327.38 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.28 209.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 388.29 209.10 Td (conversions, ) Tj ET Q q 0 0 0 rg BT 441.80 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.49 209.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 492.72 209.10 Td (would ) Tj ET Q q 0 0 0 rg BT 520.96 209.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 550.30 209.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.89 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.17 197.10 Td (require ) Tj ET Q q 0 0 0 rg BT 131.98 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.92 197.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 184.18 197.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 230.56 197.10 Td (into ) Tj ET Q q 0 0 0 rg BT 248.62 197.10 Td (common ) Tj ET Q q 0 0 0 rg BT 286.11 197.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 309.72 197.10 Td (at ) Tj ET Q q 0 0 0 rg BT 319.44 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.38 197.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 351.64 197.10 Td (price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 173.10 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 115.98 173.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 163.38 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.11 173.10 Td (Indentur) Tj ET Q q 0 0 0 rg BT 212.27 173.10 Td (es ) Tj ET Q q 0 0 0 rg BT 223.00 173.10 Td (for) Tj ET Q q 0 0 0 rg BT 235.59 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.98 173.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 290.92 173.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 318.52 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.91 173.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.69 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.91 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 369.85 173.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 410.01 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.06 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.67 173.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 461.07 173.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 510.67 173.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 539.18 173.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 85.75 161.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 115.89 161.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 158.80 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 176.73 161.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 207.42 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.68 161.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 252.16 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.53 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.68 161.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 313.16 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.42 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.68 161.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 380.81 161.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 430.96 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.66 161.10 Td (take ) Tj ET Q q 0 0 0 rg BT 461.25 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.51 161.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 501.54 161.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 531.67 161.10 Td (actions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.37 149.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 135.90 149.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.99 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.42 149.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 191.06 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.60 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.91 149.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 249.55 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.98 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.40 149.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 314.70 149.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 364.01 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.88 149.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 387.64 149.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 410.28 149.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 452.37 149.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 474.46 149.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 488.21 149.10 Td (make ) Tj ET Q q 0 0 0 rg BT 511.96 149.10 Td (investments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 64.62 137.10 Td (create ) Tj ET Q q 0 0 0 rg BT 91.94 137.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 114.28 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.74 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.53 137.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 171.32 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.11 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.78 137.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 225.57 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.36 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.15 137.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 294.81 137.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 348.26 137.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 363.38 137.10 Td (create ) Tj ET Q q 0 0 0 rg BT 390.70 137.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 438.60 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 452.05 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.73 137.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 496.74 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.53 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.32 137.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 99.25 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.56 125.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 126.53 125.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 167.95 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.82 125.10 Td (make ) Tj ET Q q 0 0 0 rg BT 203.00 125.10 Td (other ) Tj ET Q q 0 0 0 rg BT 226.08 125.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 266.94 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.25 125.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 297.01 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.87 125.10 Td (other ) Tj ET Q q 0 0 0 rg BT 330.95 125.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 370.69 125.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 423.22 125.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 437.41 125.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 468.26 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.57 125.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 528.87 125.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.18 125.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 113.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 89.59 113.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 103.76 113.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 136.80 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.64 113.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 164.04 113.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.88 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 200.71 113.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 244.33 113.10 Td (stock; ) Tj ET Q q 0 0 0 rg BT 270.73 113.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 284.90 113.10 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 335.45 113.10 Td (mer) Tj ET Q q 0 0 0 rg BT 350.81 113.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 362.76 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.60 113.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 406.64 113.10 Td (all ) Tj ET Q q 0 0 0 rg BT 419.15 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.99 113.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 483.05 113.10 Td (all ) Tj ET Q q 0 0 0 rg BT 495.55 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.39 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.23 113.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.07 113.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.87 101.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 89.35 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.83 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.31 101.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 154.66 101.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 206.80 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.39 101.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 237.20 101.10 Td (make ) Tj ET Q q 0 0 0 rg BT 261.01 101.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 300.36 101.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 340.83 101.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 370.75 101.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 406.23 101.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 435.59 101.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 476.63 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 488.78 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.26 101.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.41 101.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.09 89.10 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 109.05 89.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 163.96 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.54 89.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 208.24 89.10 Td (such ) Tj ET Q q 0 0 0 rg BT 229.83 89.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.19 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.78 89.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 320.70 89.10 Td (debt\), ) Tj ET Q q 0 0 0 rg BT 347.00 89.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 385.81 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.07 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.10 89.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 445.56 89.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 505.46 89.10 Td (we ) Tj ET Q q 0 0 0 rg BT 520.38 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 540.86 89.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 90.22 77.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 129.82 77.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 170.53 77.10 Td (so ) Tj ET Q q 0 0 0 rg BT 181.82 77.10 Td (long ) Tj ET Q q 0 0 0 rg BT 201.99 77.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.71 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 226.76 77.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 264.14 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.97 77.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 310.55 77.10 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 334.61 77.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 358.11 77.10 Td (as ) Tj ET Q q 0 0 0 rg BT 368.83 77.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 401.21 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.38 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.99 77.10 Td (indenture\) ) Tj ET Q q 0 0 0 rg BT 469.47 77.10 Td (not ) Tj ET Q q 0 0 0 rg BT 484.64 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.81 77.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.96 77.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.46 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.85 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.02 77.10 Td (1.0 ) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 73.39 713.10 Td (before ) Tj ET Q q 0 0 0 rg BT 101.71 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.93 713.10 Td (after ) Tj ET Q q 0 0 0 rg BT 140.03 713.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 168.37 713.10 Td (ef) Tj ET Q q 0 0 0 rg BT 175.96 713.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 193.73 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.29 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 221.51 713.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 261.50 713.10 Td (payment\). ) Tj ET Q q 0 0 0 rg BT 304.54 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.71 713.10 Td (As ) Tj ET Q q 0 0 0 rg BT 320.61 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.72 713.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 390.59 713.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 415.87 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 430.32 713.10 Td (were ) Tj ET Q q 0 0 0 rg BT 452.53 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.09 713.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 511.96 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.52 713.10 Td (all ) Tj ET Q q 0 0 0 rg BT 545.30 713.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 91.99 701.10 Td (under ) Tj ET Q q 0 0 0 rg BT 117.25 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.97 701.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 172.23 701.10 Td (related ) Tj ET Q q 0 0 0 rg BT 201.94 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.21 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.04 701.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 275.53 701.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 302.46 701.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.60 677.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 140.45 677.10 Td (Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 9.93 72.50 650.94 cm /I39 Do Q q 0 0 0 rg BT 80.00 653.10 Td (% ) Tj ET Q q 0 0 0 rg BT 93.81 653.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 121.41 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.21 653.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 187.38 653.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 215.06 653.10 Td (due ) Tj ET Q q 0 0 0 rg BT 234.43 653.10 Td (2021.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.93 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.74 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.55 653.10 Td (In ) Tj ET Q q 0 0 0 rg BT 276.69 653.10 Td (February ) Tj ET Q q 0 0 0 rg BT 316.59 653.10 Td (201) Tj ET Q q 0 0 0 rg BT 331.22 653.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 342.53 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 358.00 653.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.80 653.10 Td ($400 ) Tj ET Q q 0 0 0 rg BT 410.61 653.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.31 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.45 653.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 479.26 653.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 509.17 653.10 Td (Subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (Notes.��) Tj ET Q q 0 0 0 rg BT 80.15 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 98.86 641.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 122.03 641.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 151.31 641.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 207.80 641.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 236.80 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 264.41 641.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 284.78 641.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 317.38 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 327.77 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.37 641.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 353.53 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.03 641.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.86 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.02 641.10 Td (per ) Tj ET Q q 0 0 0 rg BT 414.96 641.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 447.84 641.10 Td (were ) Tj ET Q q 0 0 0 rg BT 470.44 641.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 490.28 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.66 641.10 Td (par) Tj ET Q q 0 0 0 rg BT 512.88 641.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.55 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.02 641.10 Td (After ) Tj ET Q q 0 0 0 rg BT 545.28 641.10 Td (note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 99.85 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.77 629.10 Td (open ) Tj ET Q q 0 0 0 rg BT 133.36 629.10 Td (market ) Tj ET Q q 0 0 0 rg BT 164.28 629.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 215.19 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.78 629.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 273.68 629.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 324.59 629.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 369.39 629.10 Td (over ) Tj ET Q q 0 0 0 rg BT 390.31 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.68 629.10 Td (last ) Tj ET Q q 0 0 0 rg BT 422.71 629.10 Td (four ) Tj ET Q q 0 0 0 rg BT 442.52 629.10 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.27 629.10 Td ($51.3 ) Tj ET Q q 0 0 0 rg BT 494.92 629.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.81 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.96 629.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.18 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.19 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.09 617.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 130.77 617.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 159.57 617.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 215.57 617.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 241.59 617.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 281.47 617.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 330.82 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.83 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.85 617.10 Td (December ) Tj ET Q q 0 0 0 rg BT 396.61 617.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 411.80 617.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 436.98 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.47 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 457.70 617.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 480.38 617.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 509.17 617.10 Td (Subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.35 605.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 105.64 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 117.61 605.10 Td (August�15, ) Tj ET Q q 0 0 0 rg BT 164.03 605.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 189.05 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.01 605.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 237.97 605.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.17 605.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 280.78 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.31 605.10 Td (February ) Tj ET Q q 0 0 0 rg BT 331.93 605.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 344.46 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.86 605.10 Td (August ) Tj ET Q q 0 0 0 rg BT 392.28 605.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 404.80 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.66 605.10 Td (each ) Tj ET Q q 0 0 0 rg BT 436.50 605.10 Td (year) Tj ET Q q 0 0 0 rg BT 453.15 605.10 Td (.��) Tj ET Q q 0 0 0 rg BT 460.47 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 469.11 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 476.07 605.10 Td (may ) Tj ET Q q 0 0 0 rg BT 495.81 605.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 527.76 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.50 605.10 Td (2021 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.11 593.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 133.93 593.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 159.76 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.04 593.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 196.98 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.81 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.09 593.10 Td (part ) Tj ET Q q 0 0 0 rg BT 236.14 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 245.85 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.68 593.10 Td (option ) Tj ET Q q 0 0 0 rg BT 289.74 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 299.46 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 306.39 593.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 354.44 593.10 Td (price ) Tj ET Q q 0 0 0 rg BT 376.92 593.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.75 593.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.08 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.58 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.41 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.13 593.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 477.17 593.10 Td (amount.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (5�% ) Tj ET Q q 0 0 0 rg BT 93.03 569.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.62 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.65 569.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 185.03 569.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 211.94 569.10 Td (due ) Tj ET Q q 0 0 0 rg BT 230.53 569.10 Td (2022. ) Tj ET Q q 0 0 0 rg BT 256.05 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.08 569.10 Td (In ) Tj ET Q q 0 0 0 rg BT 269.77 569.10 Td (April ) Tj ET Q q 0 0 0 rg BT 293.90 569.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 319.43 569.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.12 569.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.14 569.10 Td ($1.25 ) Tj ET Q q 0 0 0 rg BT 387.67 569.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.78 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.81 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.17 569.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 451.19 569.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 480.33 569.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 536.68 569.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 565.01 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 557.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 90.49 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 119.32 557.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 175.37 557.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 203.92 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.08 557.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 251.01 557.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 283.17 557.10 Td (at ) Tj ET Q q 0 0 0 rg BT 293.11 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.27 557.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 317.97 557.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.03 557.10 Td (5.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.86 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.58 557.10 Td (per ) Tj ET Q q 0 0 0 rg BT 368.07 557.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 400.51 557.10 Td (were ) Tj ET Q q 0 0 0 rg BT 422.66 557.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 442.05 557.10 Td (at ) Tj ET Q q 0 0 0 rg BT 451.99 557.10 Td (par) Tj ET Q q 0 0 0 rg BT 464.21 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 469.43 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.55 557.10 Td (After ) Tj ET Q q 0 0 0 rg BT 495.37 557.10 Td (note ) Tj ET Q q 0 0 0 rg BT 515.31 557.10 Td (repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.89 545.10 Td (open ) Tj ET Q q 0 0 0 rg BT 81.94 545.10 Td (market ) Tj ET Q q 0 0 0 rg BT 112.32 545.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 162.70 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.75 545.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 220.12 545.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 270.50 545.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 314.76 545.10 Td (over ) Tj ET Q q 0 0 0 rg BT 335.14 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.97 545.10 Td (last ) Tj ET Q q 0 0 0 rg BT 366.47 545.10 Td (four ) Tj ET Q q 0 0 0 rg BT 385.75 545.10 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.96 545.10 Td ($58.4 ) Tj ET Q q 0 0 0 rg BT 437.07 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.97 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.58 545.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 506.74 545.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 539.34 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 545.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 72.31 533.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 101.23 533.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 157.36 533.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 183.50 533.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 223.51 533.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 272.99 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.12 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.26 533.10 Td (December ) Tj ET Q q 0 0 0 rg BT 339.16 533.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.47 533.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 379.77 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.38 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 400.74 533.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 423.55 533.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 452.46 533.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 508.60 533.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 534.74 533.10 Td (mature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.51 521.10 Td (May�1, ) Tj ET Q q 0 0 0 rg BT 91.84 521.10 Td (2022, ) Tj ET Q q 0 0 0 rg BT 116.35 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.79 521.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.23 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 172.91 521.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 206.01 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 218.01 521.10 Td (May ) Tj ET Q q 0 0 0 rg BT 238.35 521.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 245.35 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.80 521.10 Td (November ) Tj ET Q q 0 0 0 rg BT 306.01 521.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 313.02 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.35 521.10 Td (each ) Tj ET Q q 0 0 0 rg BT 343.67 521.10 Td (year) Tj ET Q q 0 0 0 rg BT 360.33 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 364.84 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.40 521.10 Td (At ) Tj ET Q q 0 0 0 rg BT 378.40 521.10 Td (any ) Tj ET Q q 0 0 0 rg BT 394.85 521.10 Td (time ) Tj ET Q q 0 0 0 rg BT 414.63 521.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 436.07 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.86 521.10 Td (May ) Tj ET Q q 0 0 0 rg BT 466.19 521.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 475.70 521.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 500.20 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 513.87 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 533.09 521.10 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.02 509.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 86.32 509.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 114.73 509.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 170.36 509.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 195.99 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.07 509.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 232.81 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.44 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.52 509.10 Td (part ) Tj ET Q q 0 0 0 rg BT 271.37 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 280.88 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.51 509.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 326.87 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 336.39 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.13 509.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 390.97 509.10 Td (price ) Tj ET Q q 0 0 0 rg BT 413.26 509.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.89 509.10 Td (101.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.72 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 467.02 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.65 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.17 509.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 530.02 509.10 Td (amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.37 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 78.03 497.10 Td (par ) Tj ET Q q 0 0 0 rg BT 94.23 497.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 132.13 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.06 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.83 497.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 189.36 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.57 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.22 497.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 259.92 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.11 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 282.09 497.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 305.53 497.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 335.07 497.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 391.83 497.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 418.60 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.24 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 450.45 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 482.21 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.42 497.10 Td (any ) Tj ET Q q 0 0 0 rg BT 511.30 497.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 544.18 497.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 461.10 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 9.93 72.50 458.94 cm /I40 Do Q q 0 0 0 rg BT 80.00 461.10 Td (% ) Tj ET Q q 0 0 0 rg BT 92.43 461.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.03 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.47 461.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 183.25 461.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 209.57 461.10 Td (due ) Tj ET Q q 0 0 0 rg BT 227.57 461.10 Td (2023.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.07 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.93 461.10 Td (In ) Tj ET Q q 0 0 0 rg BT 265.70 461.10 Td (February ) Tj ET Q q 0 0 0 rg BT 304.23 461.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 329.17 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 343.26 461.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.69 461.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 390.63 461.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.74 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.17 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.94 461.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 452.37 461.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 480.92 461.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 536.67 461.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 565.00 461.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.31 449.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 89.57 449.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 117.94 449.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 173.53 449.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 201.63 449.10 Td (which ) Tj ET Q q 0 0 0 rg BT 228.33 449.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 247.80 449.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.50 449.10 Td (at ) Tj ET Q q 0 0 0 rg BT 288.98 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.68 449.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 312.93 449.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.52 449.10 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.35 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.61 449.10 Td (per ) Tj ET Q q 0 0 0 rg BT 371.64 449.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 403.62 449.10 Td (were ) Tj ET Q q 0 0 0 rg BT 425.32 449.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 444.25 449.10 Td (at ) Tj ET Q q 0 0 0 rg BT 453.73 449.10 Td (par) Tj ET Q q 0 0 0 rg BT 465.95 449.10 Td (. ) Tj ET Q q 0 0 0 rg BT 470.71 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.47 449.10 Td (After ) Tj ET Q q 0 0 0 rg BT 495.83 449.10 Td (note ) Tj ET Q q 0 0 0 rg BT 515.31 449.10 Td (repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.61 437.10 Td (open ) Tj ET Q q 0 0 0 rg BT 81.39 437.10 Td (market ) Tj ET Q q 0 0 0 rg BT 111.49 437.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 161.59 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.36 437.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 218.46 437.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 268.56 437.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 312.54 437.10 Td (over ) Tj ET Q q 0 0 0 rg BT 332.65 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.20 437.10 Td (last ) Tj ET Q q 0 0 0 rg BT 363.42 437.10 Td (four ) Tj ET Q q 0 0 0 rg BT 382.42 437.10 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.35 437.10 Td ($136.0 ) Tj ET Q q 0 0 0 rg BT 438.19 437.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.08 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.42 437.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 507.30 437.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 539.63 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 437.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 72.31 425.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 101.23 425.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 157.36 425.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 183.50 425.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 223.51 425.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 272.99 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.12 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.26 425.10 Td (December ) Tj ET Q q 0 0 0 rg BT 339.16 425.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.47 425.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 379.77 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.38 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 400.74 425.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 423.55 425.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 452.46 425.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 508.60 425.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 534.74 425.10 Td (mature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.01 413.10 Td (July�15, ) Tj ET Q q 0 0 0 rg BT 96.20 413.10 Td (2023, ) Tj ET Q q 0 0 0 rg BT 121.21 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.16 413.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.11 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 179.29 413.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 212.90 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 225.42 413.10 Td (January ) Tj ET Q q 0 0 0 rg BT 259.03 413.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 271.54 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.49 413.10 Td (July ) Tj ET Q q 0 0 0 rg BT 307.68 413.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 320.19 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.03 413.10 Td (each ) Tj ET Q q 0 0 0 rg BT 351.86 413.10 Td (year) Tj ET Q q 0 0 0 rg BT 368.52 413.10 Td (. ) Tj ET Q q 0 0 0 rg BT 373.53 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.49 413.10 Td (At ) Tj ET Q q 0 0 0 rg BT 388.00 413.10 Td (any ) Tj ET Q q 0 0 0 rg BT 404.96 413.10 Td (time ) Tj ET Q q 0 0 0 rg BT 425.24 413.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 447.20 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.49 413.10 Td (January ) Tj ET Q q 0 0 0 rg BT 491.10 413.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 506.11 413.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 531.13 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 545.30 413.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 81.48 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.25 401.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 118.81 401.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 147.47 401.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 203.35 401.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 229.24 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.57 401.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 266.56 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.45 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.78 401.10 Td (part ) Tj ET Q q 0 0 0 rg BT 305.88 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.66 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.54 401.10 Td (option ) Tj ET Q q 0 0 0 rg BT 359.65 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 369.42 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.42 401.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 424.52 401.10 Td (price ) Tj ET Q q 0 0 0 rg BT 447.06 401.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.94 401.10 Td (100.771%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.77 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.33 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.21 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.98 401.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 84.75 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.95 389.10 Td (at ) Tj ET Q q 0 0 0 rg BT 111.92 389.10 Td (par ) Tj ET Q q 0 0 0 rg BT 127.45 389.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 165.35 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 170.61 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 181.70 389.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 220.55 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.08 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.06 389.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 289.08 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.64 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 309.94 389.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 332.70 389.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 361.57 389.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 417.65 389.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 443.74 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.70 389.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.24 389.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 505.32 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.86 389.10 Td (any ) Tj ET Q q 0 0 0 rg BT 533.05 389.10 Td (sinking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 70.33 377.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 353.10 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 118.08 353.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 167.59 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.43 353.10 Td (Indentur) Tj ET Q q 0 0 0 rg BT 218.59 353.10 Td (es ) Tj ET Q q 0 0 0 rg BT 231.42 353.10 Td (for) Tj ET Q q 0 0 0 rg BT 244.01 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.51 353.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 276.10 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.60 353.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 343.46 353.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.84 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.34 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.84 353.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 403.32 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.15 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.87 353.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 479.02 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 495.18 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.89 353.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.39 353.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 105.90 341.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 134.81 341.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 157.89 341.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 187.07 341.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 243.48 341.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 269.88 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.40 341.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 310.48 341.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 339.66 341.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 396.07 341.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 422.48 341.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 458.88 341.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 489.16 341.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 532.22 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.29 341.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 90.10 329.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 133.49 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.33 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.72 329.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 200.88 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 217.61 329.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 246.56 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.39 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.01 329.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 308.96 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.69 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.41 329.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 378.01 329.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 428.63 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.80 329.10 Td (take ) Tj ET Q q 0 0 0 rg BT 459.86 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 471.58 329.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 501.08 329.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 531.68 329.10 Td (actions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.37 317.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 135.90 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.99 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.42 317.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 191.06 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.60 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.91 317.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 249.55 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.98 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.40 317.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 314.70 317.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 364.01 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.88 317.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 387.64 317.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 410.28 317.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 452.37 317.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 474.46 317.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 488.21 317.10 Td (make ) Tj ET Q q 0 0 0 rg BT 511.96 317.10 Td (investments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 64.62 305.10 Td (create ) Tj ET Q q 0 0 0 rg BT 91.94 305.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 114.28 305.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.74 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.53 305.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 171.32 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.11 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.78 305.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 225.57 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.36 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.15 305.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 294.81 305.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 348.26 305.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 363.38 305.10 Td (create ) Tj ET Q q 0 0 0 rg BT 390.70 305.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 438.60 305.10 Td (on ) Tj ET Q q 0 0 0 rg BT 452.05 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.73 305.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 496.74 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.53 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.32 305.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 99.25 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.56 293.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 126.53 293.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 167.95 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.82 293.10 Td (make ) Tj ET Q q 0 0 0 rg BT 203.00 293.10 Td (other ) Tj ET Q q 0 0 0 rg BT 226.08 293.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 266.94 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.25 293.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 297.01 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.87 293.10 Td (other ) Tj ET Q q 0 0 0 rg BT 330.95 293.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 370.69 293.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 423.22 293.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 437.41 293.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 468.26 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.57 293.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 528.87 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.18 293.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 281.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 89.59 281.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 103.76 281.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 136.80 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.64 281.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 164.04 281.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.88 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 200.71 281.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 244.33 281.10 Td (stock; ) Tj ET Q q 0 0 0 rg BT 270.73 281.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 284.90 281.10 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 335.45 281.10 Td (mer) Tj ET Q q 0 0 0 rg BT 350.81 281.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 362.76 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.60 281.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 406.64 281.10 Td (all ) Tj ET Q q 0 0 0 rg BT 419.15 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.99 281.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 483.05 281.10 Td (all ) Tj ET Q q 0 0 0 rg BT 495.55 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.39 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.23 281.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.07 281.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.87 269.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 89.35 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.83 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.31 269.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 154.66 269.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 206.80 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.39 269.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 237.20 269.10 Td (make ) Tj ET Q q 0 0 0 rg BT 261.01 269.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 300.36 269.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 340.83 269.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 370.75 269.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 406.23 269.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 435.59 269.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 476.63 269.10 Td (on ) Tj ET Q q 0 0 0 rg BT 488.78 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.26 269.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.41 269.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.99 257.10 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 108.85 257.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 163.66 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 175.15 257.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 207.74 257.10 Td (such ) Tj ET Q q 0 0 0 rg BT 229.24 257.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 253.50 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.00 257.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 319.81 257.10 Td (debt\), ) Tj ET Q q 0 0 0 rg BT 346.02 257.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 384.73 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 402.88 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.26 257.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 458.62 257.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 500.11 257.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 539.36 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 94.05 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.61 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.72 245.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 146.61 245.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 175.62 245.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 231.84 245.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 258.06 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.40 245.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 298.29 245.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 327.30 245.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 383.52 245.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 409.74 245.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 442.63 245.10 Td (us ) Tj ET Q q 0 0 0 rg BT 454.42 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.10 245.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 495.19 245.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 554.73 245.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (make ) Tj ET Q q 0 0 0 rg BT 73.98 233.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 115.14 233.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 155.17 233.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 196.32 233.10 Td (so ) Tj ET Q q 0 0 0 rg BT 208.04 233.10 Td (long ) Tj ET Q q 0 0 0 rg BT 228.64 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.80 233.10 Td (we ) Tj ET Q q 0 0 0 rg BT 254.28 233.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 292.10 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.36 233.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 339.38 233.10 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 363.87 233.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 387.81 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 398.96 233.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 431.78 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.38 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.42 233.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 480.25 233.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 509.18 233.10 Td (Subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 74.68 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.97 221.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 112.82 221.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 140.79 221.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 195.96 221.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 221.14 221.10 Td (Indentures\) ) Tj ET Q q 0 0 0 rg BT 268.53 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 283.16 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.79 221.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.40 221.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.90 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.75 221.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.38 221.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.88 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.73 221.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 383.70 221.10 Td (before ) Tj ET Q q 0 0 0 rg BT 411.08 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.38 221.10 Td (after ) Tj ET Q q 0 0 0 rg BT 447.54 221.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 474.95 221.10 Td (ef) Tj ET Q q 0 0 0 rg BT 482.54 221.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 499.38 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.01 221.10 Td (any ) Tj ET Q q 0 0 0 rg BT 525.30 221.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (payment\), ) Tj ET Q q 0 0 0 rg BT 92.52 209.10 Td (although ) Tj ET Q q 0 0 0 rg BT 130.27 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.69 209.10 Td (will ) Tj ET Q q 0 0 0 rg BT 163.00 209.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.54 209.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.73 209.10 Td (able ) Tj ET Q q 0 0 0 rg BT 210.14 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.68 209.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 250.07 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.05 209.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 302.22 209.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 332.74 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.83 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.80 209.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 398.76 209.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 435.95 209.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 474.80 209.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 517.00 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.53 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.50 209.10 Td (2022 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.09 197.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 133.90 197.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 159.72 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.64 197.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 199.13 197.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 227.72 197.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 283.53 197.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 309.35 197.10 Td (Indentures ) Tj ET Q q 0 0 0 rg BT 354.04 197.10 Td (until ) Tj ET Q q 0 0 0 rg BT 374.86 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.56 197.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 412.05 197.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 440.64 197.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 496.45 197.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 522.27 197.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.63 197.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 90.50 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 100.96 185.10 Td (retired. ) Tj ET Q q 0 0 0 rg BT 131.68 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.35 185.10 Td (As ) Tj ET Q q 0 0 0 rg BT 146.59 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.06 185.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 215.27 185.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.27 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.91 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 253.70 185.10 Td (were ) Tj ET Q q 0 0 0 rg BT 275.26 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.17 185.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 333.39 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 353.30 185.10 Td (all ) Tj ET Q q 0 0 0 rg BT 365.43 185.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 384.78 185.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 426.90 185.10 Td (under ) Tj ET Q q 0 0 0 rg BT 451.80 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.15 185.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 509.94 185.10 Td (related ) Tj ET Q q 0 0 0 rg BT 539.27 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 185.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 76.44 173.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 130.59 173.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 86.44 149.10 Td (Financings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.46 125.10 Td (May ) Tj ET Q q 0 0 0 rg BT 99.42 125.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 124.55 125.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.84 125.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 167.02 125.10 Td (two ) Tj ET Q q 0 0 0 rg BT 184.65 125.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 235.05 125.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.46 125.10 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 289.75 125.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 308.44 125.10 Td (gy) Tj ET Q q 0 0 0 rg BT 317.79 125.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.92 125.10 Td (L.P) Tj ET Q q 0 0 0 rg BT 335.99 125.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.12 125.10 Td (\(�Genesis�\) ) Tj ET Q q 0 0 0 rg BT 390.95 125.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 431.91 125.10 Td (two ) Tj ET Q q 0 0 0 rg BT 449.54 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.50 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.46 125.10 Td (pipelines.��) Tj ET Q q 0 0 0 rg BT 519.89 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 538.06 125.10 Td (NEJD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 87.83 113.10 Td (system ) Tj ET Q q 0 0 0 rg BT 121.17 113.10 Td (included ) Tj ET Q q 0 0 0 rg BT 161.17 113.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.17 113.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.17 113.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 207.27 113.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 253.09 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.09 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.87 113.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 314.20 113.10 Td (State ) Tj ET Q q 0 0 0 rg BT 339.76 113.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 378.09 113.10 Td (included ) Tj ET Q q 0 0 0 rg BT 418.09 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.09 113.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 473.08 113.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 534.19 113.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (agreement.��) Tj ET Q q 0 0 0 rg BT 98.46 101.10 Td (These ) Tj ET Q q 0 0 0 rg BT 124.84 101.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 175.10 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.81 101.10 Td (both ) Tj ET Q q 0 0 0 rg BT 210.09 101.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 253.12 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.28 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.11 101.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 318.37 101.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 374.73 101.10 Td (under ) Tj ET Q q 0 0 0 rg BT 400.00 101.10 Td (F) Tj ET Q q 0 0 0 rg BT 404.82 101.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 426.59 101.10 Td (T) Tj ET Q q 0 0 0 rg BT 432.00 101.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 451.72 101.10 Td (840, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 471.72 101.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.94 101.10 Td (.) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 72.55 713.25 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 111.73 713.25 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (In ) Tj ET Q q 0 0 0 rg BT 78.89 689.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 125.83 689.25 Td (with ) Tj ET Q q 0 0 0 rg BT 146.67 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.95 689.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 198.89 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.29 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 226.68 689.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 276.41 689.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 318.91 689.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 341.69 689.25 Td (we ) Tj ET Q q 0 0 0 rg BT 356.41 689.25 Td (have ) Tj ET Q q 0 0 0 rg BT 378.35 689.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 414.73 689.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.01 689.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 471.96 689.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 497.52 689.25 Td (which ) Tj ET Q q 0 0 0 rg BT 525.02 689.25 Td (are ) Tj ET Q q 0 0 0 rg BT 540.29 689.25 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 93.87 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 106.03 677.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.86 677.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 176.45 677.25 Td (using ) Tj ET Q q 0 0 0 rg BT 202.51 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.11 677.25 Td (straight ) Tj ET Q q 0 0 0 rg BT 253.50 677.25 Td (line ) Tj ET Q q 0 0 0 rg BT 272.88 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 285.60 677.25 Td (ef) Tj ET Q q 0 0 0 rg BT 293.18 677.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 324.77 677.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.59 677.25 Td (method ) Tj ET Q q 0 0 0 rg BT 392.98 677.25 Td (over ) Tj ET Q q 0 0 0 rg BT 415.13 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.74 677.25 Td (term ) Tj ET Q q 0 0 0 rg BT 454.45 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.17 677.25 Td (each ) Tj ET Q q 0 0 0 rg BT 489.87 677.25 Td (related ) Tj ET Q q 0 0 0 rg BT 521.46 677.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 554.17 677.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (borrowing.��Remaining ) Tj ET Q q 0 0 0 rg BT 145.34 665.25 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 198.12 665.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 218.14 665.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 254.82 665.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.62 665.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.85 665.25 Td ($14.0 ) Tj ET Q q 0 0 0 rg BT 325.15 665.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.04 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 356.84 665.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.08 665.25 Td ($19.1 ) Tj ET Q q 0 0 0 rg BT 399.38 665.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.27 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.07 665.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.09 665.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 499.97 665.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.97 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.77 665.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 665.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 665.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 653.25 Td (.��Issuance ) Tj ET Q q 0 0 0 rg BT 140.69 653.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 162.29 653.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 204.98 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 224.35 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.28 653.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 261.99 653.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 288.23 653.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 334.25 653.25 Td (are ) Tj ET Q q 0 0 0 rg BT 348.06 653.25 Td (included ) Tj ET Q q 0 0 0 rg BT 384.09 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 393.46 653.25 Td (�Other ) Tj ET Q q 0 0 0 rg BT 422.27 653.25 Td (assets� ) Tj ET Q q 0 0 0 rg BT 451.64 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 461.01 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.94 653.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 530.31 653.25 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 80.40 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.13 641.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 133.30 641.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 155.59 641.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 198.98 641.25 Td (with ) Tj ET Q q 0 0 0 rg BT 219.05 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 234.67 641.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 261.40 641.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 294.23 641.25 Td (second ) Tj ET Q q 0 0 0 rg BT 324.29 641.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 341.58 641.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 367.48 641.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 414.76 641.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 441.49 641.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 467.39 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.12 641.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 510.85 641.25 Td (subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 73.11 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 87.82 629.25 Td (included ) Tj ET Q q 0 0 0 rg BT 124.75 629.25 Td (as ) Tj ET Q q 0 0 0 rg BT 135.58 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 142.52 629.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 182.78 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.61 629.25 Td (�Long-term ) Tj ET Q q 0 0 0 rg BT 243.31 629.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 265.53 629.25 Td (net ) Tj ET Q q 0 0 0 rg BT 280.25 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.08 629.25 Td (current ) Tj ET Q q 0 0 0 rg BT 321.89 629.25 Td (portion� ) Tj ET Q q 0 0 0 rg BT 357.72 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.00 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 383.83 629.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 439.10 629.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 473.80 629.25 Td (Sheets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (Indebtedness ) Tj ET Q q 0 0 0 rg BT 108.13 605.25 Td (Repayment ) Tj ET Q q 0 0 0 rg BT 159.51 605.25 Td (Schedule) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 581.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 140.59 581.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.59 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 166.59 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 183.42 581.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 241.08 581.25 Td (including ) Tj ET Q q 0 0 0 rg BT 282.36 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 299.19 581.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 340.46 581.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 363.94 581.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 411.89 581.25 Td (but ) Tj ET Q q 0 0 0 rg BT 428.17 581.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 471.11 581.25 Td (future ) Tj ET Q q 0 0 0 rg BT 498.49 581.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 531.42 581.25 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 78.91 569.25 Td (as ) Tj ET Q q 0 0 0 rg BT 89.46 569.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 108.88 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.88 569.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 166.05 569.25 Td (with ) Tj ET Q q 0 0 0 rg BT 186.04 569.25 Td (F) Tj ET Q q 0 0 0 rg BT 190.86 569.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 212.52 569.25 Td (470-60, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 245.56 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 250.57 569.25 Td (r) Tj ET Q q 0 0 0 rg BT 254.09 569.25 Td (oubled ) Tj ET Q q 0 0 0 rg BT 283.52 569.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 305.17 569.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 362.38 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 374.03 569.25 Td (Debtors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.25 569.25 Td (, ) Tj ET Q q 0 0 0 rg BT 410.96 569.25 Td (is ) Tj ET Q q 0 0 0 rg BT 419.85 569.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 453.15 569.25 Td (over ) Tj ET Q q 0 0 0 rg BT 473.13 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.56 569.25 Td (next ) Tj ET Q q 0 0 0 rg BT 506.99 569.25 Td (five ) Tj ET Q q 0 0 0 rg BT 524.75 569.25 Td (years ) Tj ET Q q 0 0 0 rg BT 548.06 569.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 91.33 557.25 Td (as ) Tj ET Q q 0 0 0 rg BT 103.18 557.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 136.71 557.25 Td (\(assuming ) Tj ET Q q 0 0 0 rg BT 181.35 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 198.20 557.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 221.73 557.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 272.47 557.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 302.10 557.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 328.96 557.25 Td (do ) Tj ET Q q 0 0 0 rg BT 342.49 557.25 Td (not ) Tj ET Q q 0 0 0 rg BT 358.79 557.25 Td (convert ) Tj ET Q q 0 0 0 rg BT 392.31 557.25 Td (into ) Tj ET Q q 0 0 0 rg BT 411.39 557.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.91 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.76 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.62 557.25 Td (common ) Tj ET Q q 0 0 0 rg BT 507.14 557.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 531.78 557.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.74 557.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (maturity\):) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 519.75 444.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 519.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 489.75 444.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 489.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 459.75 444.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 459.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 459.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 429.75 444.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 429.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 519.75 m 494 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 519.75 m 563 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 519.75 m 494 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 519.75 m 563 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 429.75 m 563 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 415.75 m 563 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 413.75 m 563 413.75 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 524.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 524.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 509.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 509.42 Td (15,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 494.42 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 494.42 Td (683,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 479.42 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 479.42 Td (532,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 464.42 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 464.42 Td (155,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 449.42 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 449.42 Td (817,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.42 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 434.42 Td (78,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 419.42 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 419.42 Td (otal indebtedness) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 419.42 Td (2,281,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.50 415.25 Td (�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 391.25 Td (Note 7. Income ) Tj ET Q q 0 0 0 rg BT 115.97 391.25 Td (T) Tj ET Q q 0 0 0 rg BT 121.72 391.25 Td (axes) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 367.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.55 367.25 Td (income ) Tj ET Q q 0 0 0 rg BT 117.49 367.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.20 367.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 172.48 367.25 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 209.40 367.25 Td (is ) Tj ET Q q 0 0 0 rg BT 218.57 367.25 Td (as ) Tj ET Q q 0 0 0 rg BT 229.40 367.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 330.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 330.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 330.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 330.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 300.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 300.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 300.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 300.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 300.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 300.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 300.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 270.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 270.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 270.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 270.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 270.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 270.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 270.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 240.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 240.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 240.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 240.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 240.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 240.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 240.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 210.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 210.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 210.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 210.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 210.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 210.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 210.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 343.75 m 424 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 343.75 m 428 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 343.75 m 493 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 343.75 m 497 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 343.75 m 562 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 330.75 m 355 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 330.75 m 424 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 330.75 m 493 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 330.75 m 562 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 330.75 m 355 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 285.75 m 424 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 285.75 m 493 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 285.75 m 562 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 285.75 m 424 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 270.75 m 424 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 270.75 m 493 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 270.75 m 562 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 210.75 m 424 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 210.75 m 493 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 210.75 m 562 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 210.75 m 424 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 195.75 m 424 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 210.75 m 493 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 195.75 m 493 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 195.75 m 562 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 195.75 m 424 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 181.75 m 424 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 179.75 m 424 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 195.75 m 493 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 181.75 m 493 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 179.75 m 493 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 181.75 m 562 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 179.75 m 562 179.75 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 347.31 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 347.32 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 347.32 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 334.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 334.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 334.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 334.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 320.42 Td (Current income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 320.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 320.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 320.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 305.42 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 305.42 Td (2,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 305.47 Td (\(17,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 305.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 305.47 Td (\(19,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 305.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 290.42 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 290.42 Td (1,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 290.42 Td (1,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 290.47 Td (\(1,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 290.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 275.42 Td (T) Tj ET Q q 0 0 0 rg BT 81.26 275.42 Td (otal current income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 275.42 Td (3,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 275.47 Td (\(16,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 275.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 275.47 Td (\(20,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 275.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 245.42 Td (Deferred income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 245.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 245.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 245.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 230.42 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 230.42 Td (89,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 230.42 Td (93,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 230.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 530.63 230.47 Td (13,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 230.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 215.42 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 215.42 Td (10,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 215.42 Td (9,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 215.42 Td (18,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 200.42 Td (T) Tj ET Q q 0 0 0 rg BT 80.91 200.42 Td (otal deferred income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 200.42 Td (100,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 200.42 Td (103,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 200.47 Td (\(95,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 200.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 185.42 Td (T) Tj ET Q q 0 0 0 rg BT 92.91 185.42 Td (otal income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 185.42 Td (104,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 185.42 Td (87,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 185.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 530.63 185.47 Td (16,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 185.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 157.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.92 157.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 138.42 157.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.42 157.25 Td (, ) Tj ET Q q 0 0 0 rg BT 163.34 157.25 Td (we ) Tj ET Q q 0 0 0 rg BT 177.42 157.25 Td (had ) Tj ET Q q 0 0 0 rg BT 194.28 157.25 Td (no ) Tj ET Q q 0 0 0 rg BT 206.70 157.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.87 157.25 Td (net ) Tj ET Q q 0 0 0 rg BT 251.51 157.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 291.69 157.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 309.67 157.25 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 368.17 157.25 Td (\(�NOLs�\), ) Tj ET Q q 0 0 0 rg BT 413.07 157.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.71 157.25 Td (ef) Tj ET Q q 0 0 0 rg BT 435.30 157.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 462.14 157.25 Td (business ) Tj ET Q q 0 0 0 rg BT 498.45 157.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 530.30 157.25 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.25 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 104.12 145.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.11 145.25 Td ($24.5 ) Tj ET Q q 0 0 0 rg BT 162.05 145.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.94 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.37 145.25 Td (\(before ) Tj ET Q q 0 0 0 rg BT 224.68 145.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 264.89 145.25 Td (for ) Tj ET Q q 0 0 0 rg BT 278.99 145.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 318.63 145.25 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 367.43 145.25 Td (state ) Tj ET Q q 0 0 0 rg BT 388.19 145.25 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 415.07 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.94 145.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 446.60 145.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 475.69 145.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.67 145.25 Td ($52.9 ) Tj ET Q q 0 0 0 rg BT 533.61 145.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.25 Td (\(before ) Tj ET Q q 0 0 0 rg BT 81.10 133.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 121.62 133.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.02 133.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 175.96 133.25 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 225.06 133.25 Td (an ) Tj ET Q q 0 0 0 rg BT 237.24 133.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.30 133.25 Td ($49.9 ) Tj ET Q q 0 0 0 rg BT 303.53 133.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.42 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.16 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.23 133.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 386.72 133.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 400.01 133.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 437.73 133.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 467.12 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.63 133.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 500.91 133.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 535.29 133.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.09 121.25 Td (our ) Tj ET Q q 0 0 0 rg BT 74.23 121.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 104.91 121.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 150.88 121.25 Td (an ) Tj ET Q q 0 0 0 rg BT 162.13 121.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.26 121.25 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 226.57 121.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.46 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.27 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.41 121.25 Td (research ) Tj ET Q q 0 0 0 rg BT 302.53 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.78 121.25 Td (development ) Tj ET Q q 0 0 0 rg BT 372.24 121.25 Td (credits, ) Tj ET Q q 0 0 0 rg BT 403.20 121.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.45 121.25 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 438.76 121.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.46 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.61 121.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 523.61 121.25 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.94 109.25 Td (credits.��Under ) Tj ET Q q 0 0 0 rg BT 125.31 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.59 109.25 Td (T) Tj ET Q q 0 0 0 rg BT 145.00 109.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 156.66 109.25 Td (Cut ) Tj ET Q q 0 0 0 rg BT 173.34 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.00 109.25 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 209.52 109.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 226.18 109.25 Td (\(�the ) Tj ET Q q 0 0 0 rg BT 247.90 109.25 Td (Act�\) ) Tj ET Q q 0 0 0 rg BT 272.33 109.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 305.08 109.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.09 109.25 Td (December ) Tj ET Q q 0 0 0 rg BT 358.39 109.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 383.12 109.25 Td (all ) Tj ET Q q 0 0 0 rg BT 395.34 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.89 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 421.45 109.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 465.87 109.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 506.98 109.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 521.42 109.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 550.30 109.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 70.59 97.25 Td (refundable ) Tj ET Q q 0 0 0 rg BT 115.54 97.25 Td (by ) Tj ET Q q 0 0 0 rg BT 127.74 97.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 149.94 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.57 97.25 Td (are ) Tj ET Q q 0 0 0 rg BT 180.98 97.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 218.15 97.25 Td (as ) Tj ET Q q 0 0 0 rg BT 228.68 97.25 Td (a ) Tj ET Q q 0 0 0 rg BT 235.32 97.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 278.60 97.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.80 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.21 97.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 337.94 97.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 363.19 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.23 97.25 Td (W) Tj ET Q q 0 0 0 rg BT 373.86 97.25 Td (e ) Tj ET Q q 0 0 0 rg BT 380.50 97.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 426.02 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 441.54 97.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 488.18 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.71 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.13 97.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 550.30 97.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 79.33 85.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 122.49 85.25 Td (with ) Tj ET Q q 0 0 0 rg BT 142.33 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.61 85.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 189.78 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.17 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.00 85.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 230.50 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.34 85.25 Td (be ) Tj ET Q q 0 0 0 rg BT 251.85 85.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 304.46 85.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 343.18 85.25 Td (as ) Tj ET Q q 0 0 0 rg BT 353.57 85.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.97 85.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 422.12 85.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.12 85.25 Td (, ) Tj ET Q q 0 0 0 rg BT 446.68 85.25 Td (which ) Tj ET Q q 0 0 0 rg BT 473.18 85.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.92 85.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 518.95 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 528.79 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 543.08 85.25 Td (table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 97.47 73.25 Td (income ) Tj ET Q q 0 0 0 rg BT 129.89 73.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 145.10 73.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.29 73.25 Td (below) Tj ET Q q 0 0 0 rg BT 204.08 73.25 Td (. ) Tj ET Q q 0 0 0 rg BT 209.57 73.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.56 73.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 245.53 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.96 73.25 Td (state ) Tj ET Q q 0 0 0 rg BT 284.27 73.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 328.35 73.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 367.43 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.75 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.30 73.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 410.73 73.25 Td (are ) Tj ET Q q 0 0 0 rg BT 425.92 73.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 471.68 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.45 73.25 Td (be ) Tj ET Q q 0 0 0 rg BT 494.88 73.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 522.86 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 540.29 73.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.25 Td (result ) Tj ET Q q 0 0 0 rg BT 74.30 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 84.66 61.25 Td (further ) Tj ET Q q 0 0 0 rg BT 114.46 61.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.26 61.25 Td (ef) Tj ET Q q 0 0 0 rg BT 136.84 61.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 158.31 61.25 Td (but ) Tj ET Q q 0 0 0 rg BT 173.67 61.25 Td (are ) Tj ET Q q 0 0 0 rg BT 188.46 61.25 Td (not ) Tj ET Q q 0 0 0 rg BT 203.82 61.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 241.94 61.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.30 61.25 Td (be ) Tj ET Q q 0 0 0 rg BT 264.33 61.25 Td (material ) Tj ET Q q 0 0 0 rg BT 299.67 61.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.03 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.95 61.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.51 61.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 410.81 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.39 61.25 Td (In ) Tj ET Q q 0 0 0 rg BT 424.31 61.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 462.16 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.78 61.25 Td (T) Tj ET Q q 0 0 0 rg BT 482.19 61.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 494.21 61.25 Td (Cut ) Tj ET Q q 0 0 0 rg BT 511.24 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.27 61.25 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 548.06 61.25 Td (Act ) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 81.42 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.68 713.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 119.17 713.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 160.53 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.79 713.10 Td (deductibility ) Tj ET Q q 0 0 0 rg BT 229.38 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.75 713.10 Td (business ) Tj ET Q q 0 0 0 rg BT 277.69 713.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 310.17 713.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 345.42 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 358.46 713.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 393.18 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.22 713.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 453.69 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.52 713.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 485.89 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.27 713.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 533.64 713.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (income ) Tj ET Q q 0 0 0 rg BT 82.37 701.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 97.46 701.10 Td (defined\), ) Tj ET Q q 0 0 0 rg BT 136.70 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 157.91 701.10 Td (disallowed ) Tj ET Q q 0 0 0 rg BT 204.67 701.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 241.99 701.10 Td (being ) Tj ET Q q 0 0 0 rg BT 267.64 701.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 298.82 701.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 333.91 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.12 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 372.42 701.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 404.73 701.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 431.76 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.19 701.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 463.06 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 476.49 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.25 701.10 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 540.83 701.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (information ) Tj ET Q q 0 0 0 rg BT 99.32 689.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 133.59 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.53 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.47 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.29 689.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 203.43 689.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 226.58 689.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 248.35 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.29 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.11 689.10 Td (near) Tj ET Q q 0 0 0 rg BT 291.12 689.10 Td (-term ) Tj ET Q q 0 0 0 rg BT 315.38 689.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 343.54 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.92 689.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 381.52 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.35 689.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 411.17 689.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 445.43 689.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 489.13 689.10 Td (with ) Tj ET Q q 0 0 0 rg BT 509.52 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.46 689.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 548.06 689.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 72.70 677.10 Td (disallowed ) Tj ET Q q 0 0 0 rg BT 119.22 677.10 Td (business ) Tj ET Q q 0 0 0 rg BT 156.31 677.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.94 677.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 226.85 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 241.71 677.10 Td (have ) Tj ET Q q 0 0 0 rg BT 263.78 677.10 Td (established ) Tj ET Q q 0 0 0 rg BT 311.41 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.05 677.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 359.46 677.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 403.19 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.72 677.10 Td ($24.5 ) Tj ET Q q 0 0 0 rg BT 440.42 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.31 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.51 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 487.37 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 505.56 677.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 537.64 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 677.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (business ) Tj ET Q q 0 0 0 rg BT 85.68 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.39 665.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 151.88 665.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.16 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.12 665.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 216.50 665.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 254.31 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.38 665.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 294.41 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.91 665.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 342.85 665.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 384.02 665.10 Td (under ) Tj ET Q q 0 0 0 rg BT 409.08 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.07 665.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 442.30 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.58 665.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 462.42 665.10 Td (business ) Tj ET Q q 0 0 0 rg BT 498.59 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 530.31 665.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 103.84 653.10 Td (does ) Tj ET Q q 0 0 0 rg BT 124.32 653.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.25 653.10 Td (expire. ) Tj ET Q q 0 0 0 rg BT 168.88 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.03 653.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 188.73 653.10 Td (state ) Tj ET Q q 0 0 0 rg BT 209.21 653.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 235.80 653.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 262.94 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.86 653.10 Td (various ) Tj ET Q q 0 0 0 rg BT 304.45 653.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 330.20 653.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 362.35 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.27 653.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 396.92 653.10 Td (although ) Tj ET Q q 0 0 0 rg BT 434.07 653.10 Td (most ) Tj ET Q q 0 0 0 rg BT 455.67 653.10 Td (do ) Tj ET Q q 0 0 0 rg BT 467.82 653.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.75 653.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 507.11 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.04 653.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 544.18 653.10 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (2025. ) Tj ET Q q 0 0 0 rg BT 74.50 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 641.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.05 641.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 135.31 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 148.36 641.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 185.84 641.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 214.99 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.93 641.10 Td (research ) Tj ET Q q 0 0 0 rg BT 267.74 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.68 641.10 Td (development ) Tj ET Q q 0 0 0 rg BT 338.83 641.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 367.98 641.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 392.70 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.98 641.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 430.46 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.74 641.10 Td (2025 ) Tj ET Q q 0 0 0 rg BT 463.24 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.18 641.10 Td (2031, ) Tj ET Q q 0 0 0 rg BT 505.18 641.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 552.84 641.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 105.53 617.10 Td (income ) Tj ET Q q 0 0 0 rg BT 137.48 617.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 160.53 617.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 188.57 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.29 617.10 Td (available ) Tj ET Q q 0 0 0 rg BT 241.89 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.61 617.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 315.20 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.15 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.87 617.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 390.47 617.10 Td (dif) Tj ET Q q 0 0 0 rg BT 401.40 617.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 437.21 617.10 Td (based ) Tj ET Q q 0 0 0 rg BT 462.49 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.00 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.72 617.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 510.56 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.50 617.10 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 70.28 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.96 605.10 Td (ef) Tj ET Q q 0 0 0 rg BT 87.55 605.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 104.44 605.10 Td (at ) Tj ET Q q 0 0 0 rg BT 113.56 605.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.68 605.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 185.67 605.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.67 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.58 605.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.92 605.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.92 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.82 605.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 278.26 605.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 300.71 605.10 Td (dates.��) Tj ET Q q 0 0 0 rg BT 328.21 605.10 Td (As ) Tj ET Q q 0 0 0 rg BT 341.22 605.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.46 605.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 409.45 605.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.45 605.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.85 605.10 Td (we ) Tj ET Q q 0 0 0 rg BT 447.42 605.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.76 605.10 Td ($52.7 ) Tj ET Q q 0 0 0 rg BT 488.16 605.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.96 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.19 605.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.30 593.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 92.21 593.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 136.88 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 158.24 593.10 Td (State ) Tj ET Q q 0 0 0 rg BT 181.82 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.73 593.10 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 239.24 593.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 288.39 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.62 593.10 Td (Alabama ) Tj ET Q q 0 0 0 rg BT 345.30 593.10 Td (net ) Tj ET Q q 0 0 0 rg BT 361.09 593.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.44 593.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 429.91 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.93 593.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.73 593.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 496.46 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.25 593.10 Td (A) Tj ET Q q 0 0 0 rg BT 505.92 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.50 593.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.30 593.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.20 581.10 Td (was ) Tj ET Q q 0 0 0 rg BT 109.92 581.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 147.07 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.02 581.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 179.19 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.13 581.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 217.95 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.33 581.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 267.82 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 291.64 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.14 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.64 581.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 359.25 581.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 394.72 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 409.11 581.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 434.61 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 445.11 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.49 581.10 Td (result ) Tj ET Q q 0 0 0 rg BT 483.88 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.38 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.99 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 515.37 581.10 Td (law ) Tj ET Q q 0 0 0 rg BT 531.98 581.10 Td (enacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 58.98 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.90 569.10 Td (State ) Tj ET Q q 0 0 0 rg BT 94.60 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.63 569.10 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 148.26 569.10 Td (which ) Tj ET Q q 0 0 0 rg BT 174.40 569.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 198.89 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.03 569.10 Td (company�) Tj ET Q q 0 0 0 rg BT 244.46 569.10 Td (s ) Tj ET Q q 0 0 0 rg BT 250.05 569.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 292.30 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.33 569.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 331.24 569.10 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 378.77 569.10 Td (including ) Tj ET Q q 0 0 0 rg BT 418.24 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.27 569.10 Td (net ) Tj ET Q q 0 0 0 rg BT 447.19 569.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 486.66 569.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 503.92 569.10 Td (carryforwards. ) Tj ET Q q 0 0 0 rg BT 565.00 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.20 557.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.11 557.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 132.78 557.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.78 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 157.87 557.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 172.67 557.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 212.46 557.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 259.47 557.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.61 557.10 Td ($41.3 ) Tj ET Q q 0 0 0 rg BT 317.69 557.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.58 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.17 557.10 Td (were ) Tj ET Q q 0 0 0 rg BT 371.18 557.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 408.74 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.99 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.90 557.10 Td (State ) Tj ET Q q 0 0 0 rg BT 461.48 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.39 557.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 514.41 557.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 550.30 557.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 77.59 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.84 545.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 106.54 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.79 545.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 144.94 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 166.63 545.10 Td (falling ) Tj ET Q q 0 0 0 rg BT 194.99 545.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 242.80 545.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 268.93 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.63 545.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 310.65 545.10 Td (future ) Tj ET Q q 0 0 0 rg BT 336.79 545.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 380.13 545.10 Td (income ) Tj ET Q q 0 0 0 rg BT 411.81 545.10 Td (related ) Tj ET Q q 0 0 0 rg BT 441.27 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.31 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.89 545.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 514.72 545.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 550.28 545.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 78.07 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 92.47 533.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 136.30 533.10 Td (it ) Tj ET Q q 0 0 0 rg BT 144.60 533.10 Td (was ) Tj ET Q q 0 0 0 rg BT 162.89 533.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.41 533.10 Td (more ) Tj ET Q q 0 0 0 rg BT 201.69 533.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 227.21 533.10 Td (than ) Tj ET Q q 0 0 0 rg BT 247.16 533.10 Td (not ) Tj ET Q q 0 0 0 rg BT 262.68 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 280.41 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.37 533.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 331.41 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.37 533.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 372.44 533.10 Td (would ) Tj ET Q q 0 0 0 rg BT 400.18 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 412.36 533.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 449.24 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.37 533.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 500.71 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 505.95 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 520.35 533.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 558.06 533.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 90.06 521.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 133.94 521.10 Td (against ) Tj ET Q q 0 0 0 rg BT 165.62 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.29 521.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 231.21 521.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 267.87 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.43 521.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 310.11 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.24 521.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 347.09 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.70 521.10 Td (As ) Tj ET Q q 0 0 0 rg BT 364.16 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.84 521.10 Td (December ) Tj ET Q q 0 0 0 rg BT 420.27 521.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 436.12 521.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 461.97 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 477.53 521.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 518.09 521.10 Td (allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.59 509.10 Td ($10.6 ) Tj ET Q q 0 0 0 rg BT 109.64 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.53 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.07 509.10 Td (were ) Tj ET Q q 0 0 0 rg BT 165.04 509.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 203.56 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.76 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.64 509.10 Td (State ) Tj ET Q q 0 0 0 rg BT 259.17 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.05 509.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 320.16 509.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 357.01 509.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 372.77 509.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 402.14 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.68 509.10 Td (During ) Tj ET Q q 0 0 0 rg BT 437.55 509.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 463.60 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.80 509.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 517.32 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.30 509.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.28 497.10 Td (against ) Tj ET Q q 0 0 0 rg BT 122.85 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.93 497.10 Td (Alabama ) Tj ET Q q 0 0 0 rg BT 176.28 497.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 211.83 497.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.29 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.87 497.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.67 497.10 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 304.42 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.31 497.10 Td (. ) Tj ET Q q 0 0 0 rg BT 338.06 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.81 497.10 Td (After ) Tj ET Q q 0 0 0 rg BT 363.15 497.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 394.29 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.54 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.00 497.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 438.79 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.37 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 464.95 497.10 Td (Citronelle ) Tj ET Q q 0 0 0 rg BT 507.19 497.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 529.99 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.02 497.10 Td (2019, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.49 485.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 93.70 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.14 485.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 131.79 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 147.20 485.10 Td (Alabama ) Tj ET Q q 0 0 0 rg BT 185.95 485.10 Td (net ) Tj ET Q q 0 0 0 rg BT 200.83 485.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 241.26 485.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 267.81 485.10 Td (will ) Tj ET Q q 0 0 0 rg BT 286.03 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 298.13 485.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 331.62 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.72 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 363.04 485.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 406.79 485.10 Td (it ) Tj ET Q q 0 0 0 rg BT 415.01 485.10 Td (was ) Tj ET Q q 0 0 0 rg BT 433.22 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 448.66 485.10 Td (more ) Tj ET Q q 0 0 0 rg BT 471.87 485.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 497.31 485.10 Td (than ) Tj ET Q q 0 0 0 rg BT 517.18 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 532.62 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.28 485.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.60 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.62 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.74 473.10 Td (would ) Tj ET Q q 0 0 0 rg BT 154.54 473.10 Td (be ) Tj ET Q q 0 0 0 rg BT 166.78 473.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 203.71 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.31 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 224.65 473.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 264.66 473.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 311.88 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 330.23 473.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 360.79 473.10 Td (until ) Tj ET Q q 0 0 0 rg BT 381.93 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.94 473.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 441.93 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.06 473.10 Td (future ) Tj ET Q q 0 0 0 rg BT 479.74 473.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 515.84 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.85 473.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.00 461.10 Td (more ) Tj ET Q q 0 0 0 rg BT 86.83 461.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 111.89 461.10 Td (than ) Tj ET Q q 0 0 0 rg BT 131.40 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 146.47 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.54 461.10 Td (become ) Tj ET Q q 0 0 0 rg BT 189.92 461.10 Td (utilized. ) Tj ET Q q 0 0 0 rg BT 224.70 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.82 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 244.66 461.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 279.15 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.22 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.84 461.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 344.34 461.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 387.16 461.10 Td (established ) Tj ET Q q 0 0 0 rg BT 433.88 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.83 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.45 461.10 Td (state ) Tj ET Q q 0 0 0 rg BT 484.07 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 498.57 461.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 538.63 461.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 449.10 Td (business ) Tj ET Q q 0 0 0 rg BT 102.83 449.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 134.76 449.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 169.47 449.10 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 224.16 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 238.32 449.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 263.32 449.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 288.32 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.26 449.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 327.76 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 342.46 449.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 376.61 449.10 Td (below:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.50 412.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.50 412.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 422.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 426.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 491.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.50 382.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.50 382.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 422.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 426.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 491.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.50 382.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 425.6 m 422.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 425.6 m 426.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 425.6 m 491.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 425.6 m 495.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 425.6 m 560.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 412.6 m 355.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 412.6 m 422.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 412.6 m 491.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 412.6 m 560.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 412.6 m 355.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 412.6 m 422.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 412.6 m 491.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 412.6 m 560.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 367.6 m 422.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 367.6 m 491.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 367.6 m 560.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 367.6 m 422.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 353.6 m 422.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 351.6 m 422.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 367.6 m 491.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 353.6 m 491.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 351.6 m 491.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 367.6 m 560.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 353.6 m 560.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 351.6 m 560.5 351.6 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 53.00 429.16 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 429.17 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 429.17 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 53.00 416.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 416.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 416.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 416.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 402.27 Td (Balance at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 402.27 Td (51,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 402.27 Td (51,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 402.27 Td (36,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 387.27 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 387.27 Td (23,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 387.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 387.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 372.27 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 372.27 Td (2,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 372.32 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 372.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 372.27 Td (14,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 357.27 Td (Balance at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 357.27 Td (77,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 357.27 Td (51,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 357.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 357.27 Td (51,134) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 329.10 Td (As ) Tj ET Q q 0 0 0 rg BT 82.11 329.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.95 329.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 153.53 329.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.53 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.53 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 194.69 329.10 Td (had ) Tj ET Q q 0 0 0 rg BT 212.63 329.10 Td (an ) Tj ET Q q 0 0 0 rg BT 225.57 329.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 282.93 329.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.65 329.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 329.92 329.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.75 329.10 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 362.75 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.64 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.14 329.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.84 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.12 329.10 Td (an ) Tj ET Q q 0 0 0 rg BT 450.06 329.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 490.77 329.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.48 329.10 Td (position.� ) Tj ET Q q 0 0 0 rg BT 546.96 329.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 106.16 317.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.18 317.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 151.75 317.10 Td (was 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BT 143.30 305.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 160.92 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.88 305.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 206.17 305.10 Td (ef) Tj ET Q q 0 0 0 rg BT 213.75 305.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 243.59 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.44 305.10 Td (rate.� ) Tj ET Q q 0 0 0 rg BT 280.86 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.04 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.89 305.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 344.29 305.10 Td (from ) Tj ET Q q 0 0 0 rg BT 366.36 305.10 Td (an ) Tj ET Q q 0 0 0 rg BT 378.43 305.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 418.26 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.11 305.10 Td (position ) Tj ET Q q 0 0 0 rg BT 467.97 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 486.16 305.10 Td (only ) Tj ET Q q 0 0 0 rg BT 506.57 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.64 305.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.84 293.10 Td (it ) Tj ET Q q 0 0 0 rg BT 67.63 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 77.54 293.10 Td (more ) Tj ET Q q 0 0 0 rg BT 101.32 293.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 127.32 293.10 Td (than ) Tj ET Q q 0 0 0 rg BT 147.78 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.79 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.02 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.47 293.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 212.92 293.10 Td (position ) Tj ET Q q 0 0 0 rg BT 248.38 293.10 Td (will ) Tj ET Q q 0 0 0 rg BT 267.17 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 279.84 293.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 320.29 293.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 343.53 293.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 396.19 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.42 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.87 293.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 453.10 293.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 501.05 293.10 Td (based ) Tj ET Q q 0 0 0 rg BT 527.05 293.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.28 293.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.65 281.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 116.70 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.08 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.36 281.10 Td (position.� ) Tj ET Q q 0 0 0 rg BT 183.42 281.10 Td (W) Tj ET Q q 0 0 0 rg BT 192.06 281.10 Td (e ) Tj ET Q q 0 0 0 rg BT 199.55 281.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 238.70 281.10 Td (do ) Tj ET Q q 0 0 0 rg BT 251.76 281.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.59 281.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 296.75 281.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.24 281.10 Td (material ) Tj ET Q q 0 0 0 rg BT 340.06 281.10 Td (change ) Tj ET Q q 0 0 0 rg BT 371.43 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.26 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.54 281.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 437.79 281.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.07 281.10 Td (position ) Tj ET Q q 0 0 0 rg BT 488.35 281.10 Td (within ) Tj ET Q q 0 0 0 rg BT 516.96 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.24 281.10 Td (next ) Tj ET Q q 0 0 0 rg BT 552.51 281.10 Td (12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (months.� ) Tj ET Q q 0 0 0 rg BT 86.78 269.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 105.17 269.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 133.00 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.50 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.11 269.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 194.81 269.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 233.18 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.45 269.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.72 269.10 Td (related ) Tj ET Q q 0 0 0 rg BT 312.76 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.37 269.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 363.40 269.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 378.45 269.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 417.41 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.02 269.10 Td (income ) Tj ET Q q 0 0 0 rg BT 460.29 269.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.34 269.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 513.15 269.10 Td (however) Tj ET Q q 0 0 0 rg BT 547.18 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 552.52 269.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 257.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 106.72 257.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.65 257.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 162.23 257.10 Td (related ) Tj ET Q q 0 0 0 rg BT 191.93 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.21 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.93 257.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 256.63 257.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.35 257.10 Td (position ) Tj ET Q q 0 0 0 rg BT 306.07 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.90 257.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.73 257.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 386.32 257.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.32 257.10 Td (.) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 113.88 713.10 Td (components ) Tj ET Q q 0 0 0 rg BT 164.71 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.54 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.37 713.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 227.17 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 241.89 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.72 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.66 713.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 324.38 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 335.21 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 713.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 404.62 713.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.62 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.12 713.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.06 713.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.06 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.56 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 481.26 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 492.09 713.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 676.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 676.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 676.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 646.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 646.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 646.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 646.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 646.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 616.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 616.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 616.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 616.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 616.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 586.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 586.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 586.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 556.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 556.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 556.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 526.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 526.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 526.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 496.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 496.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 496.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 466.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 466.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 466.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 689.6 m 494 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 689.6 m 498 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 689.6 m 563 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 676.6 m 425 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 676.6 m 494 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 676.6 m 563 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 556.6 m 494 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 556.6 m 563 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 556.6 m 494 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 541.6 m 494 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 541.6 m 563 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 466.6 m 494 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 466.6 m 563 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 451.6 m 494 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 451.6 m 563 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 451.6 m 494 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 437.6 m 494 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 435.6 m 494 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 437.6 m 563 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 435.6 m 563 435.6 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 693.16 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 693.17 Td (December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 680.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 680.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 680.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 666.27 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 666.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 666.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 651.27 Td (Loss and tax credit carryforwards � state) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 651.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 651.27 Td (52,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 651.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 651.27 Td (52,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 636.27 Td (Business interest expense carryforward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 636.27 Td (24,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 636.27 Td (9,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 621.27 Td (Business credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 621.27 Td (71,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 621.27 Td (79,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 606.27 Td (Unrecognized gain and original issue discount on debt exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 606.27 Td (41,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 606.27 Td (73,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 591.27 Td (Accrued liabilities and other reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 591.27 Td (29,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 591.27 Td (25,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 576.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 576.27 Td (18,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 576.27 Td (23,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 561.27 Td (V) Tj ET Q q 0 0 0 rg BT 71.17 561.27 Td (aluation allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 561.32 Td (\(77,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 561.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 561.32 Td (\(51,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 561.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 546.27 Td (T) Tj ET Q q 0 0 0 rg BT 82.26 546.27 Td (otal deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 546.27 Td (161,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 546.27 Td (212,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 516.27 Td (Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 516.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 516.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 501.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 501.32 Td (\(569,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 501.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 501.32 Td (\(492,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 501.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 486.27 Td (Derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 486.32 Td (\(1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 486.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 486.32 Td (\(23,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 486.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 471.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 471.32 Td (\(1,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 471.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 471.32 Td (\(6,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 471.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 456.27 Td (T) Tj ET Q q 0 0 0 rg BT 81.91 456.27 Td (otal deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 456.32 Td (\(572,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 456.32 Td (\(521,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 441.27 Td (T) Tj ET Q q 0 0 0 rg BT 93.91 441.27 Td (otal net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 441.32 Td (\(410,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 441.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 441.32 Td (\(309,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 441.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 413.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.45 413.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 142.82 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.55 413.10 Td (income ) Tj ET Q q 0 0 0 rg BT 185.38 413.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 200.00 413.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 234.60 413.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 276.43 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 288.83 413.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 326.22 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.83 413.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 361.02 413.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 391.17 413.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 428.56 413.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 445.94 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.78 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.39 413.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 513.11 413.10 Td (ef) Tj ET Q q 0 0 0 rg BT 520.69 413.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 550.29 413.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.99 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 79.49 401.10 Td (income ) Tj ET Q q 0 0 0 rg BT 111.42 401.10 Td (from ) Tj ET Q q 0 0 0 rg BT 133.36 401.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 178.63 401.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 222.79 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.96 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.79 401.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 364.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 334.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 304.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 274.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 274.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 274.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 274.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 377.6 m 424 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 377.6 m 428 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 377.6 m 493 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 377.6 m 497 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 377.6 m 562 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 364.6 m 355 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 364.6 m 424 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 364.6 m 493 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 364.6 m 562 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 364.6 m 355 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 259.6 m 424 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 259.6 m 493 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 259.6 m 562 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 259.6 m 424 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 245.60000000000002 m 424 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 243.60000000000002 m 424 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 259.6 m 493 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 245.60000000000002 m 493 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 243.60000000000002 m 493 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 245.60000000000002 m 562 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 243.60000000000002 m 562 243.60000000000002 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 381.16 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 381.17 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 381.17 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 368.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 368.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 368.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 368.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 354.27 Td (Income tax provision calculated using the federal statutory income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 354.27 Td (67,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 354.27 Td (86,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 354.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 354.27 Td (16,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 339.27 Td (State income taxes, net of federal income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 339.27 Td (7,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 339.27 Td (1) Tj ET Q q 0 0 0 rg BT 466.65 339.27 Td (1,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 339.27 Td (2,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 324.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.26 324.27 Td (ax shortfall \(windfall\) on stock-based compensation deduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 324.27 Td (1,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 324.32 Td (\(1,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 324.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 324.27 Td (5,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 309.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.17 309.27 Td (aluation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 309.27 Td (26,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 309.32 Td (\(42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 309.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 309.27 Td (5,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 294.27 Td (Enhanced oil recovery tax credits generated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 294.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 294.32 Td (\(10,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 294.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 535.63 294.32 Td (1,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 279.27 Td (Re-measurement of deferreds related to federal tax rate change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 279.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 279.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 279.32 Td (\(132,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 279.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 264.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 264.27 Td (1,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 264.27 Td (1,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 264.32 Td (\(3,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 249.27 Td (T) Tj ET Q q 0 0 0 rg BT 68.91 249.27 Td (otal income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 249.27 Td (104,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 249.27 Td (87,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 249.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 530.63 249.32 Td (16,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 249.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 221.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.83 221.10 Td (file ) Tj ET Q q 0 0 0 rg BT 100.41 221.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 154.20 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.90 221.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 207.90 221.10 Td (income ) Tj ET Q q 0 0 0 rg BT 240.59 221.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.06 221.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 287.08 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.11 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.58 221.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 334.62 221.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 365.63 221.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 414.43 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.13 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.16 221.10 Td (many ) Tj ET Q q 0 0 0 rg BT 468.63 221.10 Td (state ) Tj ET Q q 0 0 0 rg BT 490.21 221.10 Td (jurisdictions.��) Tj ET Q q 0 0 0 rg BT 546.97 221.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (statutes ) Tj ET Q q 0 0 0 rg BT 82.49 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.82 209.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 135.70 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.36 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.69 209.10 Td (income ) Tj ET Q q 0 0 0 rg BT 199.12 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 214.33 209.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 245.10 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 259.75 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 274.97 209.10 Td (years ) Tj ET Q q 0 0 0 rg BT 299.06 209.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 329.28 209.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 351.71 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.49 209.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 385.49 209.10 Td (have ) Tj ET Q q 0 0 0 rg BT 407.36 209.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 435.90 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.34 209.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 492.42 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.63 209.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.40 209.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.72 209.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 101.71 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 114.48 197.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 157.79 197.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 185.57 197.10 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 233.05 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.63 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 244.27 197.10 Td (e ) Tj ET Q q 0 0 0 rg BT 251.48 197.10 Td (have ) Tj ET Q q 0 0 0 rg BT 273.14 197.10 Td (not ) Tj ET Q q 0 0 0 rg BT 288.69 197.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 308.69 197.10 Td (any ) Tj ET Q q 0 0 0 rg BT 325.90 197.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 370.89 197.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.10 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.21 197.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 452.53 197.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 496.40 197.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.96 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.07 197.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 161.10 Td (8. ) Tj ET Q q 0 0 0 rg BT 81.99 161.10 Td (Stockholders�) Tj ET Q q 0 0 0 rg BT 140.14 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.64 161.10 Td (Equity) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 79.22 137.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 84.32 113.10 Td (of) Tj ET Q q 0 0 0 rg BT 92.47 113.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 107.31 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.49 113.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 145.89 113.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 166.85 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.37 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 206.56 113.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 253.06 113.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.02 113.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 318.31 113.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 355.93 113.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 387.99 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.51 113.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 418.82 113.10 Td (limitations.��) Tj ET Q q 0 0 0 rg BT 468.92 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.55 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 485.73 113.10 Td (match ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.91 113.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.24 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.98 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.06 113.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (employee�) Tj ET Q q 0 0 0 rg BT 91.15 101.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.24 101.10 Td (contribution, ) Tj ET Q q 0 0 0 rg BT 150.82 101.10 Td (up ) Tj ET Q q 0 0 0 rg BT 163.02 101.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 101.10 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.33 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.53 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.06 101.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 259.30 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.83 101.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 302.02 101.10 Td (by ) Tj ET Q q 0 0 0 rg BT 314.22 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.63 101.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 350.55 101.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.19 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.06 101.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 413.80 101.10 Td (immediately) Tj ET Q q 0 0 0 rg BT 463.14 101.10 Td (.��During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.17 101.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.17 101.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.87 101.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.87 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 89.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.20 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 89.72 89.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 129.13 89.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 184.10 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.08 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.49 89.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 237.35 89.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 256.77 89.10 Td (were ) Tj ET Q q 0 0 0 rg BT 278.39 89.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.35 89.10 Td ($6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.85 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.04 89.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.63 89.10 Td ($6.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.13 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.33 89.10 Td (million ) Tj ET Q q 0 0 0 rg BT 442.42 89.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.06 89.10 Td ($7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.56 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.75 89.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 512.34 89.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.00 89.10 Td (.) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (89) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 713.25 Td (9. ) Tj ET Q q 0 0 0 rg BT 81.99 713.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 108.38 713.25 Td (Compensation) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.85 689.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 126.04 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.79 689.25 Td (Restated ) Tj ET Q q 0 0 0 rg BT 179.54 689.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 201.86 689.25 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 240.84 689.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 265.93 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.69 689.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 322.20 689.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 344.80 689.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 383.21 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.96 689.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 433.37 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.01 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.66 689.25 Td (March ) Tj ET Q q 0 0 0 rg BT 483.07 689.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 497.88 689.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 520.20 689.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 538.06 689.25 Td (�2004 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (Plan�\), ) Tj ET Q q 0 0 0 rg BT 80.45 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 90.03 677.25 Td (an ) Tj ET Q q 0 0 0 rg BT 102.38 677.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 141.93 677.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 162.06 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 179.96 677.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 217.30 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.87 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.99 677.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 283.78 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.01 677.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 334.57 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.92 677.25 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 408.70 677.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 432.71 677.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 467.57 677.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 507.67 677.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 531.69 677.25 Td (awards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.39 665.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 113.18 665.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 137.82 665.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.61 665.25 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 213.71 665.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 239.18 665.25 Td (\(�SARs�\) ) Tj ET Q q 0 0 0 rg BT 280.75 665.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 309.53 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.00 665.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 346.29 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.42 665.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 442.72 665.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 473.73 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.19 665.25 Td (of) Tj ET Q q 0 0 0 rg BT 492.34 665.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 519.73 665.25 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.50 653.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 104.55 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.12 653.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 129.90 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.68 653.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 165.25 653.25 Td (Plan�) Tj ET Q q 0 0 0 rg BT 185.80 653.25 Td (s ) Tj ET Q q 0 0 0 rg BT 191.26 653.25 Td (inception, ) Tj ET Q q 0 0 0 rg BT 232.54 653.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 262.42 653.25 Td (covering ) Tj ET Q q 0 0 0 rg BT 298.97 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.98 653.25 Td (total ) Tj ET Q q 0 0 0 rg BT 324.31 653.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.21 653.25 Td (61.4 ) Tj ET Q q 0 0 0 rg BT 353.27 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.17 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.73 653.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 410.29 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.18 653.25 Td (common ) Tj ET Q q 0 0 0 rg BT 456.74 653.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 479.41 653.25 Td (have ) Tj ET Q q 0 0 0 rg BT 499.86 653.25 Td (been ) Tj ET Q q 0 0 0 rg BT 520.30 653.25 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.26 641.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 101.24 641.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 138.78 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.67 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.99 641.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 188.09 641.25 Td (Plan.��) Tj ET Q q 0 0 0 rg BT 212.82 641.25 Td (As ) Tj ET Q q 0 0 0 rg BT 227.03 641.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.46 641.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 297.65 641.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 641.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.25 641.25 Td (13.6 ) Tj ET Q q 0 0 0 rg BT 343.86 641.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.75 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.85 641.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 403.95 641.25 Td (were ) Tj ET Q q 0 0 0 rg BT 426.48 641.25 Td (available ) Tj ET Q q 0 0 0 rg BT 465.67 641.25 Td (under ) Tj ET Q q 0 0 0 rg BT 491.54 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.86 641.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 529.96 641.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 550.85 641.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.36 629.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 111.22 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.53 629.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 154.33 629.25 Td (all ) Tj ET Q q 0 0 0 rg BT 166.31 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.62 629.25 Td (which ) Tj ET Q q 0 0 0 rg BT 203.04 629.25 Td (could ) Tj ET Q q 0 0 0 rg BT 227.24 629.25 Td (be ) Tj ET Q q 0 0 0 rg BT 238.66 629.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 265.64 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.40 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.60 629.25 Td (form ) Tj ET Q q 0 0 0 rg BT 311.02 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.33 629.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 360.51 629.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 383.60 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.91 629.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 472.51 629.25 Td (awards.��Our ) Tj ET Q q 0 0 0 rg BT 525.87 629.25 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.61 617.25 Td (program ) Tj ET Q q 0 0 0 rg BT 146.05 617.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.29 617.25 Td (administered ) Tj ET Q q 0 0 0 rg BT 211.51 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 225.07 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.86 617.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 302.20 617.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 350.20 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.10 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 379.00 617.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 407.00 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.90 617.25 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 462.17 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.48 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 484.60 617.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 508.16 617.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 529.51 617.25 Td (was ) Tj ET Q q 0 0 0 rg BT 548.63 617.25 Td (last ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 89.21 605.25 Td (by ) Tj ET Q q 0 0 0 rg BT 101.71 605.25 Td (our ) Tj ET Q q 0 0 0 rg BT 117.54 605.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 170.58 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.86 605.25 Td (May ) Tj ET Q q 0 0 0 rg BT 201.69 605.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 224.19 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.13 605.25 Td (will ) Tj ET Q q 0 0 0 rg BT 259.19 605.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 286.67 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.95 605.25 Td (May ) Tj ET Q q 0 0 0 rg BT 317.78 605.25 Td (2029.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 521.25 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 118.88 521.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 176.92 521.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.42 521.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.58 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.30 521.25 Td (years ) Tj ET Q q 0 0 0 rg BT 251.89 521.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.27 521.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 336.86 521.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.86 521.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.86 521.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.86 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.36 521.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.29 521.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.29 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 426.29 521.25 Td (are ) Tj ET Q q 0 0 0 rg BT 441.00 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 451.83 521.25 Td (follows:) Tj ET Q 0.8 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0.8 0.8 rg /GS0 gs 359.00 424.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 424.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 424.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 424.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 424.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 497.75 m 424 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 497.75 m 428 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 497.75 m 493 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 497.75 m 497 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 497.75 m 562 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 484.75 m 355 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 484.75 m 424 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 484.75 m 493 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 484.75 m 562 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 454.75 m 424 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 454.75 m 493 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 454.75 m 562 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 454.75 m 424 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 440.75 m 424 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 438.75 m 424 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 454.75 m 493 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 440.75 m 493 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 438.75 m 493 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 454.75 m 562 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 440.75 m 562 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 438.75 m 562 438.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 501.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 501.32 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 501.32 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 488.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 488.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 488.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 488.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 474.42 Td (Stock-based compensation expense included in G&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 474.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 474.42 Td (12,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 474.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 474.42 Td (1) Tj ET Q q 0 0 0 rg BT 466.65 474.42 Td (1,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 474.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 474.42 Td (15,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 459.42 Td (Stock-based compensation capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 459.42 Td (4,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 459.42 Td (3,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 459.42 Td (4,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 444.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.26 444.42 Td (otal cost of stock-based compensation arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 444.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 444.42 Td (16,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 444.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 444.42 Td (15,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 444.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 444.42 Td (19,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 414.42 Td (Income tax benefit recognized for stock-based compensation arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 414.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 414.42 Td (3,1) Tj ET Q q 0 0 0 rg BT 410.15 414.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 414.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 414.42 Td (2,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 414.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 414.42 Td (5,759) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (SARs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 362.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 90.00 362.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.28 362.25 Td (January ) Tj ET Q q 0 0 0 rg BT 133.88 362.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 143.88 362.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 168.88 362.25 Td (we ) Tj ET Q q 0 0 0 rg BT 183.05 362.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 215.53 362.25 Td (SARs ) Tj ET Q q 0 0 0 rg BT 241.38 362.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 269.98 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.26 362.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 303.87 362.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.15 362.25 Td (our ) Tj ET Q q 0 0 0 rg BT 329.98 362.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 377.75 362.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.07 362.25 Td (The ) Tj ET Q q 0 0 0 rg BT 398.12 362.25 Td (SARs ) Tj ET Q q 0 0 0 rg BT 423.96 362.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.67 362.25 Td (become ) Tj ET Q q 0 0 0 rg BT 497.26 362.25 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 544.74 362.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 350.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.48 350.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 99.58 350.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 131.03 350.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 161.64 350.25 Td (with ) Tj ET Q q 0 0 0 rg BT 181.98 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 350.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 230.41 350.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 255.19 350.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.08 350.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 297.53 350.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 345.07 350.25 Td (at ) Tj ET Q q 0 0 0 rg BT 354.85 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.62 350.25 Td (time ) Tj ET Q q 0 0 0 rg BT 389.96 350.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.85 350.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 423.96 350.25 Td (based ) Tj ET Q q 0 0 0 rg BT 449.29 350.25 Td (on ) Tj ET Q q 0 0 0 rg BT 461.85 350.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 505.51 350.25 Td (established ) Tj ET Q q 0 0 0 rg BT 552.51 350.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.75 338.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 123.57 338.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 170.04 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.41 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.66 338.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 221.14 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.51 338.25 Td (Directors.��) Tj ET Q q 0 0 0 rg BT 276.03 338.25 Td (The ) Tj ET Q q 0 0 0 rg BT 293.62 338.25 Td (SARs ) Tj ET Q q 0 0 0 rg BT 319.00 338.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 346.02 338.25 Td (over ) Tj ET Q q 0 0 0 rg BT 365.83 338.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 390.08 338.25 Td (not ) Tj ET Q q 0 0 0 rg BT 404.90 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.72 338.25 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.51 338.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 451.54 338.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.64 338.25 Td ( ) Tj ET Q q 0 0 0 rg BT 474.68 338.25 Td (from ) Tj ET Q q 0 0 0 rg BT 496.16 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.41 338.25 Td (date ) Tj ET Q q 0 0 0 rg BT 529.10 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.47 338.25 Td (grant, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 61.52 326.25 Td (days ) Tj ET Q q 0 0 0 rg BT 81.87 326.25 Td (after ) Tj ET Q q 0 0 0 rg BT 102.21 326.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 150.33 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.68 326.25 Td (employment, ) Tj ET Q q 0 0 0 rg BT 215.19 326.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 227.21 326.25 Td (days ) Tj ET Q q 0 0 0 rg BT 247.57 326.25 Td (or ) Tj ET Q q 0 0 0 rg BT 257.92 326.25 Td (one ) Tj ET Q q 0 0 0 rg BT 274.38 326.25 Td (year ) Tj ET Q q 0 0 0 rg BT 293.61 326.25 Td (after ) Tj ET Q q 0 0 0 rg BT 313.94 326.25 Td (permanent ) Tj ET Q q 0 0 0 rg BT 358.17 326.25 Td (disability) Tj ET Q q 0 0 0 rg BT 394.74 326.25 Td (, ) Tj ET Q q 0 0 0 rg BT 399.26 326.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 442.94 326.25 Td (on ) Tj ET Q q 0 0 0 rg BT 454.96 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.20 326.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 498.15 326.25 Td (or ) Tj ET Q q 0 0 0 rg BT 508.50 326.25 Td (one ) Tj ET Q q 0 0 0 rg BT 524.96 326.25 Td (year ) Tj ET Q q 0 0 0 rg BT 544.19 326.25 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.19 314.25 Td (death ) Tj ET Q q 0 0 0 rg BT 88.33 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.14 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.83 314.25 Td (optionee.��) Tj ET Q q 0 0 0 rg BT 155.58 314.25 Td (The ) Tj ET Q q 0 0 0 rg BT 173.61 314.25 Td (SARs ) Tj ET Q q 0 0 0 rg BT 199.43 314.25 Td (were ) Tj ET Q q 0 0 0 rg BT 221.34 314.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 253.80 314.25 Td (with ) Tj ET Q q 0 0 0 rg BT 274.06 314.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.97 314.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 305.67 314.25 Td (price ) Tj ET Q q 0 0 0 rg BT 328.13 314.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 352.27 314.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.52 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.22 314.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 393.57 314.25 Td (market ) Tj ET Q q 0 0 0 rg BT 423.81 314.25 Td (value ) Tj ET Q q 0 0 0 rg BT 447.95 314.25 Td (at ) Tj ET Q q 0 0 0 rg BT 457.64 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.34 314.25 Td (time ) Tj ET Q q 0 0 0 rg BT 492.59 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.40 314.25 Td (grant, ) Tj ET Q q 0 0 0 rg BT 528.92 314.25 Td (which ) Tj ET Q q 0 0 0 rg BT 555.84 314.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.20 302.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 121.69 302.25 Td (as ) Tj ET Q q 0 0 0 rg BT 132.52 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.23 302.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 178.62 302.25 Td (price ) Tj ET Q q 0 0 0 rg BT 201.11 302.25 Td (on ) Tj ET Q q 0 0 0 rg BT 213.61 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.32 302.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 256.94 302.25 Td (on ) Tj ET Q q 0 0 0 rg BT 269.44 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.15 302.25 Td (date ) Tj ET Q q 0 0 0 rg BT 303.31 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.14 302.25 Td (grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 278.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 278.25 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 278.25 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 278.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 278.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 278.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.42 278.25 Td (SAR ) Tj ET Q q 0 0 0 rg BT 231.37 278.25 Td (activity:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 214.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 214.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 214.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 214.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 214.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 214.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 214.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 214.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 214.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 184.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 184.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 184.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 184.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 184.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 184.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 184.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 184.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 184.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 154.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 154.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 154.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 154.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 154.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 154.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 154.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 154.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 154.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 124.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 124.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 124.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 124.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 124.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 124.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 124.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 124.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 124.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 214.75 m 356 214.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 214.75 m 425 214.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 214.75 m 494 214.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 214.75 m 563 214.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 139.75 m 356 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 125.75 m 356 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 123.75 m 356 123.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 227.00 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 219.00 Td (of ) Tj ET Q q 0 0 0 rg BT 315.24 219.00 Td (A) Tj ET Q q 0 0 0 rg BT 320.43 219.00 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.75 235.00 Td (W) Tj ET Q q 0 0 0 rg BT 383.98 235.00 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 227.00 Td (A) Tj ET Q q 0 0 0 rg BT 384.23 227.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.00 219.00 Td (Exercise Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.70 243.00 Td (W) Tj ET Q q 0 0 0 rg BT 438.93 243.00 Td (eighted ) Tj ET Q q 0 0 0 rg BT 463.94 243.00 Td (A) Tj ET Q q 0 0 0 rg BT 469.20 243.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.40 235.00 Td (Remaining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.65 227.00 Td (Contractual Life) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.75 219.00 Td (\(in years\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 235.00 Td (Aggregate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.60 227.00 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 535.12 227.00 Td (V) Tj ET Q q 0 0 0 rg BT 540.01 227.00 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.20 219.00 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 204.42 Td (Outstanding at December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 204.42 Td (2,500,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 204.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 204.42 Td (10.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 189.42 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 189.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 189.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 174.42 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 174.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 174.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 159.42 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 159.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 159.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 144.42 Td (Expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 144.47 Td (\(519,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 144.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 144.42 Td (15.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 129.42 Td (Outstanding at December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 129.42 Td (1,981,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 129.42 Td (9.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 129.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 129.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 129.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 99.42 Td (Exercisable at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 99.42 Td (1,981,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 99.42 Td (9.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 99.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 99.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 713.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 713.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.31 713.10 Td (total ) Tj ET Q q 0 0 0 rg BT 228.58 713.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 263.85 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 288.01 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.84 713.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 324.68 713.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 364.94 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.88 713.10 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 424.91 713.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 441.28 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 465.44 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.27 713.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 502.11 713.10 Td (vested:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 672.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 672.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 672.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 672.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 687.6 m 425 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 687.6 m 429 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 687.6 m 494 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 687.6 m 498 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 687.6 m 563 687.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 672.6 m 356 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 672.6 m 425 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 672.6 m 494 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 672.6 m 563 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 672.6 m 425 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 672.6 m 494 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 672.6 m 563 672.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 692.27 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 692.27 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 677.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 677.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 677.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 677.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.27 Td (Intrinsic value of SARs exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 662.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 662.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 662.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 647.27 Td (Grant-date fair value of SARs vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 647.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 647.27 Td (1,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 647.27 Td (1,818) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 631.10 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 619.10 Td (As ) Tj ET Q q 0 0 0 rg BT 80.92 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.55 619.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 149.93 619.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 174.74 619.10 Td (all ) Tj ET Q q 0 0 0 rg BT 187.03 619.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 212.68 619.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 240.53 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.27 619.10 Td (there ) Tj ET Q q 0 0 0 rg BT 279.56 619.10 Td (was ) Tj ET Q q 0 0 0 rg BT 297.41 619.10 Td (no ) Tj ET Q q 0 0 0 rg BT 309.71 619.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 352.56 619.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 410.40 619.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 428.81 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.89 619.10 Td (be ) Tj ET Q q 0 0 0 rg BT 450.63 619.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 496.80 619.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.88 619.10 Td (future ) Tj ET Q q 0 0 0 rg BT 533.06 619.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 607.10 Td (related ) Tj ET Q q 0 0 0 rg BT 80.78 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.63 607.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 137.26 607.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 188.53 607.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 212.06 607.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 271.68 607.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 332.12 607.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.90 607.10 Td (There ) Tj ET Q q 0 0 0 rg BT 363.29 607.10 Td (were ) Tj ET Q q 0 0 0 rg BT 386.79 607.10 Td (no ) Tj ET Q q 0 0 0 rg BT 400.87 607.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 441.59 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.00 607.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 481.42 607.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.15 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.45 607.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.62 607.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 595.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 108.08 595.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 595.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.08 595.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.08 595.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.58 595.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.41 595.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.41 595.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 571.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 95.87 571.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 547.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 547.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.66 547.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 105.29 547.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 202.33 547.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 241.61 547.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 264.80 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.67 547.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 319.51 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.04 547.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 373.11 547.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.52 547.10 Td (part ) Tj ET Q q 0 0 0 rg BT 401.15 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.57 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 426.98 547.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 468.50 547.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 526.12 547.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 565.00 547.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 83.15 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.47 535.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 190.41 535.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.60 535.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.70 535.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 283.00 535.10 Td (have ) Tj ET Q q 0 0 0 rg BT 303.87 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.08 535.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 342.84 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.16 535.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 385.15 535.10 Td (non-restricted ) Tj ET Q q 0 0 0 rg BT 442.67 535.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 465.77 535.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 508.86 535.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 536.41 535.10 Td (rights\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (except ) Tj ET Q q 0 0 0 rg BT 77.70 523.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.80 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.12 523.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 140.66 523.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.97 523.10 Td (not ) Tj ET Q q 0 0 0 rg BT 169.85 523.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 201.94 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.83 523.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 246.69 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.13 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.67 523.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 294.66 523.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 325.08 523.10 Td (until ) Tj ET Q q 0 0 0 rg BT 345.52 523.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.82 523.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 429.13 523.10 Td (are ) Tj ET Q q 0 0 0 rg BT 443.44 523.10 Td (met.��Beginning ) Tj ET Q q 0 0 0 rg BT 509.70 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.58 523.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 544.19 523.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 129.07 511.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 169.23 511.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 193.29 511.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 224.56 511.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 258.06 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.23 511.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 305.62 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.35 511.10 Td (forfeitable ) Tj ET Q q 0 0 0 rg BT 370.94 511.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 408.88 511.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 453.49 511.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 479.22 511.10 Td (which ) Tj ET Q q 0 0 0 rg BT 506.61 511.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 529.56 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 511.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 94.39 499.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 123.44 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.00 499.10 Td (Non-performance-based ) Tj ET Q q 0 0 0 rg BT 223.73 499.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 262.49 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 285.16 499.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 306.72 499.10 Td (over ) Tj ET Q q 0 0 0 rg BT 326.05 499.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.05 499.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.03 499.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 374.13 499.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 404.58 499.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 434.18 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.52 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.30 499.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 499.95 499.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 523.73 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.62 499.10 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.98 487.10 Td (at ) Tj ET Q q 0 0 0 rg BT 106.70 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 487.10 Td (time ) Tj ET Q q 0 0 0 rg BT 141.69 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.52 487.10 Td (grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 463.10 Td (As ) Tj ET Q q 0 0 0 rg BT 83.03 463.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.78 463.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 156.28 463.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 463.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.19 463.10 Td (there ) Tj ET Q q 0 0 0 rg BT 207.60 463.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.56 463.10 Td ($17.4 ) Tj ET Q q 0 0 0 rg BT 254.48 463.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.37 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.79 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.53 463.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 358.81 463.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 418.77 463.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 455.40 463.10 Td (related ) Tj ET Q q 0 0 0 rg BT 487.01 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.21 463.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 544.17 463.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 128.80 451.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 168.69 451.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 192.48 451.10 Td (grants.��) Tj ET Q q 0 0 0 rg BT 224.24 451.10 Td (This ) Tj ET Q q 0 0 0 rg BT 244.70 451.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 301.24 451.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 359.46 451.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 378.26 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 387.61 451.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 425.82 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.28 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 448.40 451.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 494.95 451.10 Td (over ) Tj ET Q q 0 0 0 rg BT 515.40 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.52 451.10 Td (weighted-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.06 439.10 Td (period ) Tj ET Q q 0 0 0 rg BT 111.08 439.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.88 439.10 Td (2.0 ) Tj ET Q q 0 0 0 rg BT 136.85 439.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.95 439.10 Td (.��) Tj ET Q q 0 0 0 rg BT 165.27 439.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.29 439.10 Td (following ) Tj ET Q q 0 0 0 rg BT 224.65 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.79 439.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.70 439.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 280.39 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.19 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.88 439.10 Td (total ) Tj ET Q q 0 0 0 rg BT 326.12 439.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 357.48 439.10 Td (date ) Tj ET Q q 0 0 0 rg BT 376.61 439.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 392.96 439.10 Td (value ) Tj ET Q q 0 0 0 rg BT 417.09 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.89 439.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 525.31 439.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (stock:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 386.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 386.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 386.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 386.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 401.6 m 425 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 401.6 m 429 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 401.6 m 494 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 401.6 m 498 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 401.6 m 563 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 386.6 m 356 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 386.6 m 425 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 386.6 m 494 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 386.6 m 563 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 386.6 m 425 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 386.6 m 494 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 386.6 m 563 386.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 406.27 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 406.27 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 391.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 391.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 391.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 391.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.27 Td (Fair value of restricted stock vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 376.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 376.27 Td (5,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 376.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 376.27 Td (23,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 376.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 376.27 Td (9,325) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 348.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.71 348.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 116.47 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.34 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.10 348.10 Td (status ) Tj ET Q q 0 0 0 rg BT 167.42 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.29 348.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.16 348.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 237.25 348.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 334.74 348.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 374.49 348.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.14 348.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 425.12 348.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 455.16 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.14 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.90 348.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 521.65 348.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 348.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 336.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.58 336.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 154.17 336.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.17 336.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.17 336.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.34 336.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 229.15 336.10 Td (below:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 288.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 288.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 288.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 258.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 258.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 258.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 258.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 258.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 228.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 228.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 228.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 228.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 228.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 288.6 m 424 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 288.6 m 493 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 288.6 m 562 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 228.60000000000002 m 493 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 214.60000000000002 m 493 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 212.60000000000002 m 493 212.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.85 300.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.00 292.85 Td (of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.75 316.85 Td (W) Tj ET Q q 0 0 0 rg BT 520.66 316.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.75 308.85 Td (A) Tj ET Q q 0 0 0 rg BT 520.93 308.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.00 300.85 Td (Grant-Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.50 292.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 527.24 292.85 Td (V) Tj ET Q q 0 0 0 rg BT 532.13 292.85 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 278.27 Td (Nonvested at December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 278.27 Td (8,990,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 278.27 Td (3.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 263.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 263.27 Td (9,630,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 263.27 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 248.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.17 248.27 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 248.32 Td (\(4,612,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 248.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 248.27 Td (3.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 233.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 233.32 Td (\(1,601,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 233.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 233.27 Td (2.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 218.27 Td (Nonvested at December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 218.27 Td (12,407,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 218.27 Td (1.91) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 136.41 190.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 167.26 190.10 Td (A) Tj ET Q q 0 0 0 rg BT 173.74 190.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.10 Td (Annually) Tj ET Q q 0 0 0 rg BT 104.07 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.94 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.52 166.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 186.67 166.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 234.47 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.17 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.76 166.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 289.57 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.26 166.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 341.84 166.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 369.65 166.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 449.64 166.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 478.00 166.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 509.69 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.84 166.10 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 558.61 166.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 154.10 Td (ficers.��Performance-based ) Tj ET Q q 0 0 0 rg BT 167.57 154.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 198.91 154.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 239.14 154.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 258.28 154.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.07 154.10 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.57 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.60 154.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.40 154.10 Td (3.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.90 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.93 154.10 Td (years ) Tj ET Q q 0 0 0 rg BT 355.05 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.74 154.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 401.09 154.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 434.10 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.90 154.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 467.93 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.39 154.10 Td (over ) Tj ET Q q 0 0 0 rg BT 506.19 154.10 Td (3.25 ) Tj ET Q q 0 0 0 rg BT 526.71 154.10 Td (years ) Tj ET Q q 0 0 0 rg BT 550.84 154.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 80.12 142.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 112.40 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.48 142.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 144.77 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.51 142.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 186.31 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.44 142.10 Td (The ) Tj ET Q q 0 0 0 rg BT 206.28 142.10 Td (number ) Tj ET Q q 0 0 0 rg BT 239.13 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.75 142.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 328.67 142.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 355.96 142.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 384.90 142.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 404.97 142.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 437.26 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.33 142.10 Td (vest\) ) Tj ET Q q 0 0 0 rg BT 469.07 142.10 Td (during ) Tj ET Q q 0 0 0 rg BT 497.47 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.99 142.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.90 130.10 Td (will ) Tj ET Q q 0 0 0 rg BT 96.31 130.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 128.05 130.10 Td (upon: ) Tj ET Q q 0 0 0 rg BT 153.68 130.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 168.20 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.38 130.10 Td (level ) Tj ET Q q 0 0 0 rg BT 206.67 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.86 130.10 Td (success ) Tj ET Q q 0 0 0 rg BT 250.70 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.34 130.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 303.06 130.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 352.01 130.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 393.18 130.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 446.56 130.10 Td (tar) Tj ET Q q 0 0 0 rg BT 456.93 130.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 475.89 130.10 Td (\(�Performance-Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 99.25 118.10 Td (A) Tj ET Q q 0 0 0 rg BT 105.56 118.10 Td (wards�\) ) Tj ET Q q 0 0 0 rg BT 140.48 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.19 118.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 173.12 118.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 226.92 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.52 118.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.13 118.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 279.51 118.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 312.76 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.81 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.08 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.68 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.39 118.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 407.43 118.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 427.91 118.10 Td (group ) Tj ET Q q 0 0 0 rg BT 454.51 118.10 Td (\(�Performance-Based ) Tj ET Q q 0 0 0 rg BT 544.17 118.10 Td (TSR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 106.10 Td (wards�\).��Generally) Tj ET Q q 0 0 0 rg BT 133.73 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.68 106.10 Td (one-half ) Tj ET Q q 0 0 0 rg BT 174.45 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.23 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.90 106.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 242.90 106.10 Td (number ) Tj ET Q q 0 0 0 rg BT 275.90 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.68 106.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 314.12 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 331.57 106.10 Td (could ) Tj ET Q q 0 0 0 rg BT 356.23 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.12 106.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 397.22 106.10 Td (under ) Tj ET Q q 0 0 0 rg BT 422.44 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.11 106.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 516.18 106.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 546.95 106.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.52 94.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 90.75 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 104.99 94.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 158.09 94.10 Td (at ) Tj ET Q q 0 0 0 rg BT 167.89 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.69 94.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 228.04 94.10 Td (tar) Tj ET Q q 0 0 0 rg BT 238.40 94.10 Td (get ) Tj ET Q q 0 0 0 rg BT 253.20 94.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 279.11 94.10 Td (\(100% ) Tj ET Q q 0 0 0 rg BT 308.35 94.10 Td (tar) Tj ET Q q 0 0 0 rg BT 318.72 94.10 Td (get ) Tj ET Q q 0 0 0 rg BT 333.52 94.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 364.99 94.10 Td (levels\) ) Tj ET Q q 0 0 0 rg BT 394.22 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.14 94.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 427.72 94.10 Td (any ) Tj ET Q q 0 0 0 rg BT 444.74 94.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 472.85 94.10 Td (change ) Tj ET Q q 0 0 0 rg BT 503.75 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.66 94.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 548.07 94.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (twice ) Tj ET Q q 0 0 0 rg BT 73.09 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.25 82.10 Td (tar) Tj ET Q q 0 0 0 rg BT 97.62 82.10 Td (get ) Tj ET Q q 0 0 0 rg BT 111.77 82.10 Td (number ) Tj ET Q q 0 0 0 rg BT 144.26 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.52 82.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 181.45 82.10 Td (will ) Tj ET Q q 0 0 0 rg BT 198.95 82.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.33 82.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 238.91 82.10 Td (if ) Tj ET Q q 0 0 0 rg BT 246.96 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.11 82.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 303.60 82.10 Td (tar) Tj ET Q q 0 0 0 rg BT 313.97 82.10 Td (get ) Tj ET Q q 0 0 0 rg BT 328.12 82.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 353.39 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.53 82.10 Td (met ) Tj ET Q q 0 0 0 rg BT 384.47 82.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 82.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.13 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.06 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.33 82.10 Td (tar) Tj ET Q q 0 0 0 rg BT 433.70 82.10 Td (get ) Tj ET Q q 0 0 0 rg BT 447.85 82.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 478.68 82.10 Td (levels\).��) Tj ET Q q 0 0 0 rg BT 512.65 82.10 Td (W) Tj ET Q q 0 0 0 rg BT 521.69 82.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 534.19 82.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.67 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.28 70.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 153.29 70.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 180.68 70.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 213.89 70.10 Td (any ) Tj ET Q q 0 0 0 rg BT 230.72 70.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 267.00 70.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 296.04 70.10 Td (above ) Tj ET Q q 0 0 0 rg BT 322.30 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.91 70.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 362.63 70.10 Td (tar) Tj ET Q q 0 0 0 rg BT 373.00 70.10 Td (get ) Tj ET Q q 0 0 0 rg BT 387.61 70.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 413.33 70.10 Td (will ) Tj ET Q q 0 0 0 rg BT 431.27 70.10 Td (be ) Tj ET Q q 0 0 0 rg BT 443.10 70.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 476.59 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.76 70.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 509.42 70.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 535.13 70.10 Td (than ) Tj ET Q q 0 0 0 rg BT 554.73 70.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.01 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.86 58.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 125.37 58.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 151.50 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.79 58.10 Td (order ) Tj ET Q q 0 0 0 rg BT 185.41 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.71 58.10 Td (conserve ) Tj ET Q q 0 0 0 rg BT 233.77 58.10 Td (available ) Tj ET Q q 0 0 0 rg BT 272.38 58.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.89 58.10 Td (under ) Tj ET Q q 0 0 0 rg BT 325.17 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.91 58.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 362.71 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.23 58.10 Td (If ) Tj ET Q q 0 0 0 rg BT 374.41 58.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 427.45 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.64 58.10 Td (below ) Tj ET Q q 0 0 0 rg BT 463.60 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.33 58.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 523.62 58.10 Td (minimum ) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 78.65 713.10 Td (no ) Tj ET Q q 0 0 0 rg BT 91.97 713.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 171.92 713.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 200.23 713.10 Td (will ) Tj ET Q q 0 0 0 rg BT 219.11 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 231.88 713.10 Td (earned.��Performance-Based ) Tj ET Q q 0 0 0 rg BT 348.20 713.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 397.99 713.10 Td (A) Tj ET Q q 0 0 0 rg BT 404.30 713.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 431.50 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 447.03 713.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 477.01 713.10 Td (using ) Tj ET Q q 0 0 0 rg BT 502.01 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.55 713.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.75 713.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.49 701.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 121.98 701.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 148.08 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.02 701.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 246.19 701.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 266.48 701.10 Td (A) Tj ET Q q 0 0 0 rg BT 272.79 701.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 299.17 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 313.88 701.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 343.03 701.10 Td (using ) Tj ET Q q 0 0 0 rg BT 367.20 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.14 701.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 402.75 701.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 427.46 701.10 Td (simulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.00 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.71 677.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 150.17 677.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.17 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.05 677.10 Td (there ) Tj ET Q q 0 0 0 rg BT 197.42 677.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.36 677.10 Td ($5.7 ) Tj ET Q q 0 0 0 rg BT 235.24 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.13 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.51 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.22 677.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 333.47 677.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 391.39 677.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 425.98 677.10 Td (related ) Tj ET Q q 0 0 0 rg BT 455.56 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.72 677.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 508.65 677.10 Td (performance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.98 665.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 102.69 665.10 Td (awards.��) Tj ET Q q 0 0 0 rg BT 138.33 665.10 Td (This ) Tj ET Q q 0 0 0 rg BT 158.82 665.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 215.39 665.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 273.64 665.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 292.46 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 301.84 665.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 340.09 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.58 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 362.73 665.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 409.30 665.10 Td (over ) Tj ET Q q 0 0 0 rg BT 429.78 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.93 665.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 510.71 665.10 Td (period ) Tj ET Q q 0 0 0 rg BT 538.97 665.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.01 665.10 Td (1.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.60 653.10 Td (.��) Tj ET Q q 0 0 0 rg BT 77.92 653.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.68 653.10 Td (range ) Tj ET Q q 0 0 0 rg BT 122.10 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.65 653.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 186.31 653.10 Td (used ) Tj ET Q q 0 0 0 rg BT 207.86 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.85 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.28 653.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 263.61 653.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 289.04 653.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 334.48 653.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 374.90 653.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 414.76 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 429.64 653.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 511.47 653.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 532.32 653.10 Td (A) Tj ET Q q 0 0 0 rg BT 538.62 653.10 Td (wards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (\(presented ) Tj ET Q q 0 0 0 rg BT 93.65 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 103.36 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.08 641.10 Td (tar) Tj ET Q q 0 0 0 rg BT 128.45 641.10 Td (get ) Tj ET Q q 0 0 0 rg BT 143.16 641.10 Td (level\) ) Tj ET Q q 0 0 0 rg BT 168.43 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.13 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 193.96 641.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 600.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 570.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 540.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 540.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 540.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 615.6 m 425 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 615.6 m 429 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 615.6 m 494 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 615.6 m 498 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 615.6 m 563 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 615.6 m 425 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 600.6 m 425 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 615.6 m 494 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 600.6 m 494 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 615.6 m 498 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 615.6 m 563 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 600.6 m 563 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 600.6 m 425 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 600.6 m 494 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 600.6 m 563 600.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 620.27 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 620.27 Td (ear Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 605.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 605.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 605.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 605.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 590.27 Td (W) Tj ET Q q 0 0 0 rg BT 61.54 590.27 Td (eighted average fair value of Performance-Based ) Tj ET Q q 0 0 0 rg BT 259.28 590.27 Td (TSR ) Tj ET Q q 0 0 0 rg BT 279.75 590.27 Td (A) Tj ET Q q 0 0 0 rg BT 286.24 590.27 Td (wards granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 590.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 590.27 Td (1.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 590.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 590.27 Td (2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 590.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 590.27 Td (3.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 575.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 575.27 Td (2.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 575.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 575.27 Td (2.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 575.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 575.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 575.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 560.27 Td (Expected life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.40 560.27 Td (3.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.40 560.27 Td (3.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.40 560.27 Td (3.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 545.27 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 545.27 Td (77.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 545.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 545.27 Td (102.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 545.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 545.27 Td (94.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 545.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 530.27 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 530.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 530.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 530.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 530.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 530.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 530.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.21 502.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 117.48 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.85 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.11 502.10 Td (status ) Tj ET Q q 0 0 0 rg BT 169.93 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.31 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.57 502.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 240.16 502.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 319.83 502.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 347.87 502.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 379.23 502.10 Td (\(presented ) Tj ET Q q 0 0 0 rg BT 423.92 502.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.18 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.44 502.10 Td (tar) Tj ET Q q 0 0 0 rg BT 459.81 502.10 Td (get ) Tj ET Q q 0 0 0 rg BT 475.07 502.10 Td (level\) ) Tj ET Q q 0 0 0 rg BT 500.88 502.10 Td (during ) Tj ET Q q 0 0 0 rg BT 530.03 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.29 502.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 490.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 134.46 490.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.46 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.46 490.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.63 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 179.46 490.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 422.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 422.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 422.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 422.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 422.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 422.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 422.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 422.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 422.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 392.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 392.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 392.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 392.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 392.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 392.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 392.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 392.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 392.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 362.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 362.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 362.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 362.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 362.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 362.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 362.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 362.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 362.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 459.6 m 356 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 459.6 m 360 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 459.6 m 425 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 459.6 m 494 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 459.6 m 498 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 459.6 m 563 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 422.6 m 356 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 422.6 m 425 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 422.6 m 494 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 422.6 m 563 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 422.6 m 356 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 422.6 m 425 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 422.6 m 494 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 422.6 m 563 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 362.6 m 356 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 362.6 m 494 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 362.6 m 356 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 348.6 m 356 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 346.6 m 356 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 362.6 m 494 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 348.6 m 494 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 346.6 m 494 346.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.95 471.55 Td (Performance-Based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.75 463.55 Td (Operational ) Tj ET Q q 0 0 0 rg BT 365.07 463.55 Td (A) Tj ET Q q 0 0 0 rg BT 370.11 463.55 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.95 471.55 Td (Performance-Based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 463.55 Td (TSR ) Tj ET Q q 0 0 0 rg BT 491.53 463.55 Td (A) Tj ET Q q 0 0 0 rg BT 496.57 463.55 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 434.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 426.85 Td (of ) Tj ET Q q 0 0 0 rg BT 315.24 426.85 Td (A) Tj ET Q q 0 0 0 rg BT 320.43 426.85 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.75 450.85 Td (W) Tj ET Q q 0 0 0 rg BT 383.98 450.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 442.85 Td (A) Tj ET Q q 0 0 0 rg BT 384.23 442.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.55 434.85 Td (Grant-Date Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.85 426.85 Td (V) Tj ET Q q 0 0 0 rg BT 388.18 426.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.85 434.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.80 426.85 Td (of ) Tj ET Q q 0 0 0 rg BT 453.24 426.85 Td (A) Tj ET Q q 0 0 0 rg BT 458.43 426.85 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.75 450.85 Td (W) Tj ET Q q 0 0 0 rg BT 521.66 450.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.75 442.85 Td (A) Tj ET Q q 0 0 0 rg BT 521.93 442.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.55 434.85 Td (Grant-Date Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.85 426.85 Td (V) Tj ET Q q 0 0 0 rg BT 525.74 426.85 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 412.27 Td (Nonvested at December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 412.27 Td (857,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 412.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 412.27 Td (2.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 412.27 Td (3,806,1) Tj ET Q q 0 0 0 rg BT 480.15 412.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 412.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 412.27 Td (2.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 397.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 84.71 401.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 397.27 Td (980,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 397.27 Td (2.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 397.27 Td (2,027,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 397.27 Td (1.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 382.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.61 382.27 Td (ested) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 79.16 386.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 382.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 382.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 382.32 Td (\(1,357,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 382.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 382.27 Td (1.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 367.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 367.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 367.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 367.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 367.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 352.27 Td (Nonvested at December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 352.27 Td (1,838,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 352.27 Td (2.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 352.27 Td (4,475,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 352.27 Td (2.65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 324.10 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 106.65 324.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 139.11 324.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 167.12 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.81 324.10 Td (number ) Tj ET Q q 0 0 0 rg BT 214.84 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.64 324.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 278.64 324.10 Td (units ) Tj ET Q q 0 0 0 rg BT 300.57 324.10 Td (granted. ) Tj ET Q q 0 0 0 rg BT 335.53 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.83 324.10 Td (The ) Tj ET Q q 0 0 0 rg BT 355.85 324.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 382.20 324.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 411.90 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.70 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.40 324.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 464.86 324.10 Td (may ) Tj ET Q q 0 0 0 rg BT 484.56 324.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.47 324.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.27 324.10 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.60 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 324.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 312.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.83 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.37 312.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.19 312.10 Td (any ) Tj ET Q q 0 0 0 rg BT 131.67 312.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 167.59 312.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 196.28 312.10 Td (above ) Tj ET Q q 0 0 0 rg BT 222.20 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.45 312.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 261.82 312.10 Td (tar) Tj ET Q q 0 0 0 rg BT 272.19 312.10 Td (get ) Tj ET Q q 0 0 0 rg BT 286.45 312.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 311.81 312.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 344.95 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.76 312.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 377.07 312.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 402.43 312.10 Td (than ) Tj ET Q q 0 0 0 rg BT 421.68 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.50 312.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 458.53 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.90 312.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 505.93 312.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 531.58 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.40 312.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 300.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 300.10 Td (conserve ) Tj ET Q q 0 0 0 rg BT 115.82 300.10 Td (available ) Tj ET Q q 0 0 0 rg BT 154.40 300.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 181.89 300.10 Td (under ) Tj ET Q q 0 0 0 rg BT 207.16 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.88 300.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 288.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.34 288.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.34 288.10 Td (, ) Tj ET Q q 0 0 0 rg BT 123.36 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.09 288.10 Td (service ) Tj ET Q q 0 0 0 rg BT 168.92 288.10 Td (period ) Tj ET Q q 0 0 0 rg BT 196.98 288.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 225.04 288.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.55 288.10 Td (these ) Tj ET Q q 0 0 0 rg BT 260.43 288.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 281.28 288.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 334.32 288.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 352.39 288.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 385.72 288.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.06 288.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.12 288.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 434.18 288.10 Td (units ) Tj ET Q q 0 0 0 rg BT 456.14 288.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 485.30 288.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.25 288.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 531.42 288.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 276.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.17 276.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 276.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.85 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.52 276.10 Td (tar) Tj ET Q q 0 0 0 rg BT 124.88 276.10 Td (get ) Tj ET Q q 0 0 0 rg BT 139.44 276.10 Td (for ) Tj ET Q q 0 0 0 rg BT 153.45 276.10 Td (each ) Tj ET Q q 0 0 0 rg BT 174.11 276.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 201.83 276.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 222.51 276.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 301.47 276.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 330.74 276.10 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.51 276.10 Td (1,357,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.51 276.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.85 276.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 466.06 276.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 493.39 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.06 276.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 276.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 264.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 97.50 264.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.82 264.10 Td (There ) Tj ET Q q 0 0 0 rg BT 125.63 264.10 Td (were ) Tj ET Q q 0 0 0 rg BT 147.56 264.10 Td (no ) Tj ET Q q 0 0 0 rg BT 160.06 264.10 Td (vestings ) Tj ET Q q 0 0 0 rg BT 195.34 264.10 Td (related ) Tj ET Q q 0 0 0 rg BT 225.04 264.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.32 264.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 285.02 264.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 364.15 264.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 394.97 264.10 Td (during ) Tj ET Q q 0 0 0 rg BT 423.57 264.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 240.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 240.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 240.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 240.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 240.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.31 240.10 Td (total ) Tj ET Q q 0 0 0 rg BT 228.58 240.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 259.97 240.10 Td (date ) Tj ET Q q 0 0 0 rg BT 279.12 240.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 295.50 240.10 Td (value ) Tj ET Q q 0 0 0 rg BT 319.65 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.48 240.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 409.60 240.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 437.10 240.10 Td (awards:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 199.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 199.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 199.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 199.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 214.60000000000002 m 425 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 214.60000000000002 m 429 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 214.60000000000002 m 494 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 214.60000000000002 m 498 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 214.60000000000002 m 563 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 199.60000000000002 m 356 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 199.60000000000002 m 425 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 199.60000000000002 m 494 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 199.60000000000002 m 563 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 199.60000000000002 m 425 199.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 219.27 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 219.27 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 204.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 204.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 204.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 204.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 189.27 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 189.27 Td (esting date fair value of Performance-Based Operational ) Tj ET Q q 0 0 0 rg BT 286.30 189.27 Td (A) Tj ET Q q 0 0 0 rg BT 292.78 189.27 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 189.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 189.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 189.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 189.27 Td (595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 189.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 189.27 Td (1,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 174.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.61 174.27 Td (esting date fair value of Performance-Based ) Tj ET Q q 0 0 0 rg BT 236.69 174.27 Td (TSR ) Tj ET Q q 0 0 0 rg BT 256.98 174.27 Td (A) Tj ET Q q 0 0 0 rg BT 263.28 174.27 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 174.27 Td (2,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 174.27 Td (542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 174.27 Td (227) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (Note 10. Commodity Derivative Contracts) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 122.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 122.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.00 122.10 Td (do ) Tj ET Q q 0 0 0 rg BT 95.42 122.10 Td (not ) Tj ET Q q 0 0 0 rg BT 110.63 122.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 135.27 122.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 161.57 122.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 207.87 122.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 248.05 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.25 122.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.01 122.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 286.99 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.85 122.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 334.04 122.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 349.79 122.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 392.20 122.10 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 433.49 122.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 474.50 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.14 122.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.77 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.98 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.62 122.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (values ) Tj ET Q q 0 0 0 rg BT 77.04 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.36 110.10 Td (these ) Tj ET Q q 0 0 0 rg BT 109.89 110.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 158.55 110.10 Td (are ) Tj ET Q q 0 0 0 rg BT 172.74 110.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 218.60 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.36 110.10 Td (income ) Tj ET Q q 0 0 0 rg BT 259.79 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.56 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.76 110.10 Td (period ) Tj ET Q q 0 0 0 rg BT 311.30 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.62 110.10 Td (change.��) Tj ET Q q 0 0 0 rg BT 357.25 110.10 Td (These ) Tj ET Q q 0 0 0 rg BT 383.12 110.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.99 110.10 Td (value ) Tj ET Q q 0 0 0 rg BT 422.63 110.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 459.33 110.10 Td (along ) Tj ET Q q 0 0 0 rg BT 483.54 110.10 Td (with ) Tj ET Q q 0 0 0 rg BT 503.30 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.51 110.10 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.08 98.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 92.31 98.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 133.15 98.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.61 98.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 175.97 98.10 Td (under ) Tj ET Q q 0 0 0 rg BT 200.98 98.10 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.42 98.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 255.45 98.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 301.57 98.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 336.03 98.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.12 98.10 Td (� ) Tj ET Q q 0 0 0 rg BT 378.81 98.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.83 98.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.41 98.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 459.43 98.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 505.56 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 98.10 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 74.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.06 74.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.17 74.10 Td (we ) Tj ET Q q 0 0 0 rg BT 131.44 74.10 Td (have ) Tj ET Q q 0 0 0 rg BT 151.92 74.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 182.96 74.10 Td (into ) Tj ET Q q 0 0 0 rg BT 200.12 74.10 Td (various ) Tj ET Q q 0 0 0 rg BT 231.17 74.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.33 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.38 74.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 288.75 74.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 303.69 74.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 345.27 74.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 382.98 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.36 74.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 424.52 74.10 Td (an ) Tj ET Q q 0 0 0 rg BT 435.56 74.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 476.04 74.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 501.53 74.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.47 74.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.40 74.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.40 62.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 109.07 62.10 Td (price ) Tj ET Q q 0 0 0 rg BT 132.17 62.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 150.29 62.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 194.50 62.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.40 62.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 262.39 62.10 Td (future ) Tj ET Q q 0 0 0 rg BT 289.38 62.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 303.06 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.62 62.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 351.50 62.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 367.95 62.10 Td (production ) Tj ET Q q 0 0 0 rg BT 414.39 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.95 62.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.85 62.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 476.52 62.10 Td (more ) Tj ET Q q 0 0 0 rg BT 500.18 62.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 538.28 62.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 62.10 Td (our ) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.78 713.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.95 713.10 Td (flows.��) Tj ET Q q 0 0 0 rg BT 125.49 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.12 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 140.96 713.10 Td (do ) Tj ET Q q 0 0 0 rg BT 153.36 713.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.54 713.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 188.72 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.45 713.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 221.85 713.10 Td (derivative ) Tj ET Q 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gs 241.00 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 429.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 429.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 429.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 429.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 429.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 429.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 429.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 429.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 399.60 69.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 119.00 399.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 123.00 399.60 58.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 399.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 399.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 399.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 399.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 399.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 399.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 399.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 399.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 399.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 399.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 399.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 399.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 399.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 399.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 399.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 369.60 69.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 119.00 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 123.00 369.60 58.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 369.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 369.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 369.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 369.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 369.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 369.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 369.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 369.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 369.60 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 519.6 m 256 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 519.6 m 296 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 519.6 m 307 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 519.6 m 347 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 519.6 m 351 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 519.6 m 401 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 519.6 m 405 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 519.6 m 455 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 519.6 m 459 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 519.6 m 509 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 519.6 m 513 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 519.6 m 563 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 519.6 m 351 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 519.6 m 401 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 504.6 m 401 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 519.6 m 405 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 504.6 m 405 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 519.6 m 455 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 504.6 m 455 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 519.6 m 459 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 504.6 m 459 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 519.6 m 509 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 504.6 m 509 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 519.6 m 513 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 504.6 m 513 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 519.6 m 563 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 504.6 m 563 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 489.6 m 119 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123 489.6 m 181 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 489.6 m 241 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 489.6 m 256 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 489.6 m 296 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 489.6 m 307 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 489.6 m 347 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 504.6 m 401 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 489.6 m 401 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 489.6 m 455 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 489.6 m 509 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 489.6 m 563 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 489.6 m 119 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123 489.6 m 181 489.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.70 494.27 Td (Months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.55 494.27 Td (Index Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.00 514.27 Td (V) Tj ET Q q 0 0 0 rg BT 203.58 514.27 Td (olume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.75 504.27 Td (\(Barrels per) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 494.27 Td (day\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.10 524.27 Td (Contract Prices \($/Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.90 494.27 Td (Range) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 304.45 498.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 494.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.40 509.27 Td (W) Tj ET Q q 0 0 0 rg BT 417.44 509.27 Td (eighted ) Tj ET Q q 0 0 0 rg BT 448.70 509.27 Td (A) Tj ET Q q 0 0 0 rg BT 455.27 509.27 Td (verage Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.35 494.27 Td (Swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.40 494.27 Td (Sold Put) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 494.27 Td (Floor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.75 494.27 Td (Ceiling) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 479.28 Td (Oil Contracts:) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 462.9736328125 m 150.810546875 462.9736328125 l s q 0 0 0 rg BT 52.50 464.31 Td (2020 Fixed-Price Swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.25 449.27 Td (Jan � Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 449.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 449.27 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 449.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 449.27 Td (60.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 449.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 449.27 Td (61.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 449.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 449.27 Td (60.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 449.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 449.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 449.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 449.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 449.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 449.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.25 434.27 Td (Jan � Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.20 434.27 Td (Ar) Tj ET Q q 0 0 0 rg BT 139.66 434.27 Td (gus LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 434.27 Td (4,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 434.27 Td (60.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 434.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 434.27 Td (64.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 434.27 Td (62.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 434.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 434.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 434.27 Td (�) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 417.9736328125 m 150.6494140625 417.9736328125 l s q 0 0 0 rg BT 52.50 419.31 Td (2020 Thr) Tj ET Q q 0 0 0 rg BT 89.08 419.31 Td (ee-W) Tj ET Q q 0 0 0 rg BT 108.70 419.31 Td (ay Collars) Tj ET Q BT /F5 10.00 Tf ET BT /F5 6.50 Tf ET q 0 0 0 rg BT 150.65 423.84 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.15 404.27 Td (Jan � June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 404.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 404.27 Td (23,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 404.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 404.27 Td (55.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 404.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 404.27 Td (82.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 404.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 404.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 404.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 404.27 Td (48.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 404.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 404.27 Td (56.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 404.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 404.27 Td (62.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.15 389.27 Td (Jan � June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.20 389.27 Td (Ar) Tj ET Q q 0 0 0 rg BT 139.66 389.27 Td (gus LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 389.27 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 389.27 Td (58.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 389.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 389.27 Td (87.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 389.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 389.27 Td (52.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 389.27 Td (61.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 389.27 Td (68.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.60 374.27 Td (July � Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 374.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 374.27 Td (21,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 374.27 Td (55.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 374.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 374.27 Td (82.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 374.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 374.27 Td (48.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 374.27 Td (56.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 374.27 Td (62.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.60 359.27 Td (July � Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.20 359.27 Td (Ar) Tj ET Q q 0 0 0 rg BT 139.57 359.27 Td (gus LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 359.27 Td (8,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 359.27 Td (58.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 359.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 359.27 Td (87.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 359.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 359.27 Td (52.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 359.27 Td (61.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 359.27 Td (68.39) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 331.10 Td (Ranges ) Tj ET Q q 0 0 0 rg BT 100.34 331.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 142.06 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.13 331.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 204.40 331.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 232.24 331.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 272.29 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.92 331.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 317.43 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.27 331.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 367.56 331.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 391.52 331.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 418.80 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.53 331.10 Td (all ) Tj ET Q q 0 0 0 rg BT 443.93 331.10 Td (open ) Tj ET Q q 0 0 0 rg BT 466.77 331.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 506.27 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.34 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 331.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 319.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 111.02 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.72 319.10 Td (For ) Tj ET Q q 0 0 0 rg BT 130.31 319.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 172.98 319.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 204.84 319.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 233.64 319.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 272.98 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.90 319.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 316.71 319.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 338.85 319.10 Td (price ) Tj ET Q q 0 0 0 rg BT 361.53 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.67 319.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 410.26 319.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 440.17 319.10 Td (price ) Tj ET Q q 0 0 0 rg BT 462.86 319.10 Td (for ) Tj ET Q q 0 0 0 rg BT 477.22 319.10 Td (all ) Tj ET Q q 0 0 0 rg BT 489.91 319.10 Td (open ) Tj ET Q q 0 0 0 rg BT 512.05 319.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 550.84 319.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 307.10 Td (period ) Tj ET Q q 0 0 0 rg BT 110.26 307.10 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 295.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.34 295.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 118.49 295.10 Td (collar ) Tj ET Q q 0 0 0 rg BT 143.42 295.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.26 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.87 295.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 192.15 295.10 Td (collar ) Tj ET Q q 0 0 0 rg BT 217.08 295.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 251.46 295.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 293.06 295.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.01 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.62 295.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 338.46 295.10 Td (put ) Tj ET Q q 0 0 0 rg BT 353.41 295.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 383.33 295.10 Td (\(at ) Tj ET Q q 0 0 0 rg BT 396.05 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.66 295.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 427.60 295.10 Td (price\) ) Tj ET Q q 0 0 0 rg BT 453.08 295.10 Td (with ) Tj ET Q q 0 0 0 rg BT 473.03 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.42 295.10 Td (same ) Tj ET Q q 0 0 0 rg BT 510.13 295.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 560.02 295.10 Td (. ) Tj ET Q q 0 0 0 rg BT 565.02 295.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.87 283.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.34 283.10 Td (received ) Tj ET Q q 0 0 0 rg BT 144.03 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.51 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.54 283.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 190.03 283.10 Td (put ) Tj ET Q q 0 0 0 rg BT 204.63 283.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.12 283.10 Td (used ) Tj ET Q q 0 0 0 rg BT 233.27 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.87 283.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 277.45 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.48 283.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 334.94 283.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 356.20 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.46 283.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 401.49 283.10 Td (price ) Tj ET Q q 0 0 0 rg BT 423.30 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.45 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.49 283.10 Td (related ) Tj ET Q q 0 0 0 rg BT 476.51 283.10 Td (collar) Tj ET Q q 0 0 0 rg BT 498.72 283.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.04 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.46 283.10 Td (At ) Tj ET Q q 0 0 0 rg BT 516.28 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.32 283.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 271.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 110.60 271.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 131.76 271.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 145.42 271.10 Td (if ) Tj ET Q q 0 0 0 rg BT 153.54 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.76 271.10 Td (index ) Tj ET Q q 0 0 0 rg BT 191.98 271.10 Td (price ) Tj ET Q q 0 0 0 rg BT 213.97 271.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.64 271.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 250.19 271.10 Td (than ) Tj ET Q q 0 0 0 rg BT 269.41 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.63 271.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 312.84 271.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 337.33 271.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.00 271.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 367.44 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.66 271.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 434.19 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.42 271.10 Td (dif) Tj ET Q q 0 0 0 rg BT 459.34 271.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 490.76 271.10 Td (between ) Tj ET Q q 0 0 0 rg BT 526.08 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.30 271.10 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 259.10 Td (price ) Tj ET Q q 0 0 0 rg BT 89.80 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.55 259.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 136.07 259.10 Td (price ) Tj ET Q q 0 0 0 rg BT 158.37 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.34 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.86 259.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 230.82 259.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 269.51 259.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 283.48 259.10 Td (if ) Tj ET Q q 0 0 0 rg BT 291.90 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.43 259.10 Td (index ) Tj ET Q q 0 0 0 rg BT 330.96 259.10 Td (price ) Tj ET Q q 0 0 0 rg BT 353.26 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 362.24 259.10 Td (between ) Tj ET Q q 0 0 0 rg BT 397.86 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.39 259.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 434.14 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.89 259.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 480.41 259.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 505.21 259.10 Td (no ) Tj ET Q q 0 0 0 rg BT 517.52 259.10 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 247.10 Td (occur) Tj ET Q q 0 0 0 rg BT 89.31 247.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.46 247.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 106.77 247.10 Td (if ) Tj ET Q q 0 0 0 rg BT 114.53 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.40 247.10 Td (index ) Tj ET Q q 0 0 0 rg BT 152.27 247.10 Td (price ) Tj ET Q q 0 0 0 rg BT 173.91 247.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.23 247.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 206.66 247.10 Td (than ) Tj ET Q q 0 0 0 rg BT 225.52 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.39 247.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 260.49 247.10 Td (price ) Tj ET Q q 0 0 0 rg BT 282.12 247.10 Td (but ) Tj ET Q q 0 0 0 rg BT 296.56 247.10 Td (at ) Tj ET Q q 0 0 0 rg BT 305.42 247.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.41 247.10 Td (above ) Tj ET Q q 0 0 0 rg BT 340.94 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.81 247.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 373.13 247.10 Td (put ) Tj ET Q q 0 0 0 rg BT 387.56 247.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 411.70 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.57 247.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 477.75 247.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 497.74 247.10 Td (us ) Tj ET Q q 0 0 0 rg BT 508.28 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.15 247.10 Td (dif) Tj ET Q q 0 0 0 rg BT 533.08 247.10 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 235.10 Td (between ) Tj ET Q q 0 0 0 rg BT 103.72 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.85 235.10 Td (index ) Tj ET Q q 0 0 0 rg BT 143.97 235.10 Td (price ) Tj ET Q q 0 0 0 rg BT 166.86 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.21 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.33 235.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 221.68 235.10 Td (price ) Tj ET Q q 0 0 0 rg BT 244.57 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 259.13 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.26 235.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 318.81 235.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 355.60 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.94 235.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 387.51 235.10 Td (if ) Tj ET Q q 0 0 0 rg BT 396.53 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.65 235.10 Td (index ) Tj ET Q q 0 0 0 rg BT 436.77 235.10 Td (price ) Tj ET Q q 0 0 0 rg BT 459.67 235.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.24 235.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 494.92 235.10 Td (than ) Tj ET Q q 0 0 0 rg BT 515.04 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.16 235.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 549.74 235.10 Td (put ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 223.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 92.49 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.20 223.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 160.23 223.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 181.06 223.10 Td (us ) Tj ET Q q 0 0 0 rg BT 192.46 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.17 223.10 Td (dif) Tj ET Q q 0 0 0 rg BT 218.10 223.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 250.01 223.10 Td (between ) Tj ET Q q 0 0 0 rg BT 285.83 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.55 223.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 322.49 223.10 Td (price ) Tj ET Q q 0 0 0 rg BT 344.97 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.91 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.63 223.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 395.80 223.10 Td (put ) Tj ET Q q 0 0 0 rg BT 411.07 223.10 Td (price ) Tj ET Q q 0 0 0 rg BT 433.56 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.72 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.44 223.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 506.58 223.10 Td (volumes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 199.10 Td (1) Tj ET Q q 0 0 0 rg BT 76.44 199.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 86.44 199.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 104.58 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.90 199.10 Td (V) Tj ET Q q 0 0 0 rg BT 113.21 199.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 133.48 199.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 166.07 199.10 Td (ements) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 175.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.19 175.10 Td (F) Tj ET Q q 0 0 0 rg BT 91.00 175.10 Td (ASC ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 113.60 175.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 134.51 175.10 Td (V) Tj ET Q q 0 0 0 rg BT 139.51 175.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 159.87 175.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 190.05 175.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.93 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.07 175.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 240.20 175.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 272.21 175.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 289.23 175.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.02 175.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.49 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.85 175.10 Td (price ) Tj ET Q q 0 0 0 rg BT 363.97 175.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.11 175.10 Td (would ) Tj ET Q q 0 0 0 rg BT 410.25 175.10 Td (be ) Tj ET Q q 0 0 0 rg BT 422.82 175.10 Td (received ) Tj ET Q q 0 0 0 rg BT 459.82 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.74 175.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 487.77 175.10 Td (an ) Tj ET Q q 0 0 0 rg BT 500.34 175.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 522.92 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.39 175.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 554.74 175.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 83.01 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.43 163.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 124.51 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.27 163.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.68 163.10 Td (orderly ) Tj ET Q q 0 0 0 rg BT 179.53 163.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 226.38 163.10 Td (between ) Tj ET Q q 0 0 0 rg BT 262.67 163.10 Td (market ) Tj ET Q q 0 0 0 rg BT 293.41 163.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 343.04 163.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.23 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.43 163.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 424.71 163.10 Td (date ) Tj ET Q q 0 0 0 rg BT 444.34 163.10 Td (\(often ) Tj ET Q q 0 0 0 rg BT 471.20 163.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 505.81 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.56 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.87 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.06 163.10 Td (�exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (price�\).��) Tj ET Q q 0 0 0 rg BT 84.57 151.10 Td (W) Tj ET Q q 0 0 0 rg BT 93.21 151.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.36 151.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 130.06 151.10 Td (market ) Tj ET Q q 0 0 0 rg BT 161.54 151.10 Td (data ) Tj ET Q q 0 0 0 rg BT 181.91 151.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.95 151.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.11 151.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.82 151.10 Td (market ) Tj ET Q q 0 0 0 rg BT 297.29 151.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 347.66 151.10 Td (would ) Tj ET Q q 0 0 0 rg BT 376.37 151.10 Td (use ) Tj ET Q q 0 0 0 rg BT 393.41 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.90 151.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 436.94 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.87 151.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 476.02 151.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.06 151.10 Td (liability) Tj ET Q q 0 0 0 rg BT 518.52 151.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.73 151.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 102.00 139.10 Td (about ) Tj ET Q q 0 0 0 rg BT 127.27 139.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 145.33 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.82 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.09 139.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 200.04 139.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 235.85 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.69 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.96 139.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 289.46 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.29 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.56 139.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 355.83 139.10 Td (technique.��) Tj ET Q q 0 0 0 rg BT 402.02 139.10 Td (These ) Tj ET Q q 0 0 0 rg BT 428.95 139.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 456.46 139.10 Td (can ) Tj ET Q q 0 0 0 rg BT 473.39 139.10 Td (be ) Tj ET Q q 0 0 0 rg BT 485.88 139.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 516.70 139.10 Td (observable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.85 127.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 133.51 127.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.42 127.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 184.21 127.10 Td (unobservable.��) Tj ET Q q 0 0 0 rg BT 244.84 127.10 Td (W) Tj ET Q q 0 0 0 rg BT 253.48 127.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.50 127.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 300.29 127.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 325.09 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.89 127.10 Td (income ) Tj ET Q q 0 0 0 rg BT 371.91 127.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 411.14 127.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.38 127.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 464.61 127.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.06 127.10 Td (value ) Tj ET Q q 0 0 0 rg BT 505.30 127.10 Td (measurements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 115.10 Td (endeavor ) Tj ET Q q 0 0 0 rg BT 107.31 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.45 115.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 146.81 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.39 115.10 Td (best ) Tj ET Q q 0 0 0 rg BT 181.86 115.10 Td (available ) Tj ET Q q 0 0 0 rg BT 221.31 115.10 Td (information.��) Tj ET Q q 0 0 0 rg BT 275.47 115.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 324.81 115.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.67 115.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.69 115.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 374.05 115.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 414.62 115.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 460.75 115.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.11 115.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 521.90 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.48 115.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 115.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 94.22 103.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 120.07 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.91 103.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 175.08 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.70 103.10 Td (use ) Tj ET Q q 0 0 0 rg BT 203.43 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.17 103.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 267.89 103.10 Td (inputs.��) Tj ET Q q 0 0 0 rg BT 299.65 103.10 Td (W) Tj ET Q q 0 0 0 rg BT 308.29 103.10 Td (e ) Tj ET Q q 0 0 0 rg BT 314.13 103.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.74 103.10 Td (able ) Tj ET Q q 0 0 0 rg BT 345.80 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.98 103.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 386.93 103.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.21 103.10 Td (value ) Tj ET Q q 0 0 0 rg BT 425.27 103.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 461.10 103.10 Td (based ) Tj ET Q q 0 0 0 rg BT 485.27 103.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.67 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.29 103.10 Td (observability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 91.10 Td (those ) Tj ET Q q 0 0 0 rg BT 83.73 91.10 Td (inputs.��) Tj ET Q q 0 0 0 rg BT 115.50 91.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.45 91.10 Td (F) Tj ET Q q 0 0 0 rg BT 138.26 91.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 160.12 91.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 205.84 91.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.67 91.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 228.95 91.10 Td (value ) Tj ET Q q 0 0 0 rg BT 253.00 91.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 293.15 91.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.54 91.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 353.48 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.10 91.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 394.94 91.10 Td (used ) Tj ET Q q 0 0 0 rg BT 415.67 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.85 91.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 461.56 91.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 477.83 91.10 Td (value.��) Tj ET Q q 0 0 0 rg BT 506.81 91.10 Td (The ) Tj ET Q q 0 0 0 rg BT 524.75 91.10 Td (hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 73.53 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.67 79.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 120.48 79.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 153.40 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.10 79.10 Td (unadjusted ) 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215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 701.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.76 701.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 118.26 701.10 Td (� ) Tj ET Q q 0 0 0 rg BT 125.76 701.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 157.70 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 184.08 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.36 701.10 Td (active ) Tj ET Q q 0 0 0 rg BT 220.73 701.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 254.88 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.04 701.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 305.97 701.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.80 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.63 701.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 382.35 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.18 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.01 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.73 701.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 457.88 701.10 Td (date.) 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BT 495.56 677.10 Td (either ) Tj ET Q q 0 0 0 rg BT 520.98 677.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 554.18 677.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 665.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 126.37 665.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 172.23 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.11 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.99 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.75 665.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 244.62 665.10 Td (date.��Level ) Tj ET Q q 0 0 0 rg BT 294.08 665.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 301.63 665.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 337.50 665.10 Td (those ) Tj ET Q q 0 0 0 rg BT 361.16 665.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.69 665.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 447.90 665.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.44 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 480.20 665.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 509.40 665.10 Td (using ) Tj ET Q q 0 0 0 rg BT 533.62 665.10 Td (models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.56 653.10 Td (other ) Tj ET Q q 0 0 0 rg BT 117.83 653.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 156.77 653.10 Td (methodologies.��Instruments ) Tj ET Q q 0 0 0 rg BT 272.09 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.60 653.10 Td (this ) Tj ET Q q 0 0 0 rg BT 297.77 653.10 Td (category ) Tj ET Q q 0 0 0 rg BT 333.92 653.10 Td (include ) Tj ET Q q 0 0 0 rg BT 365.08 653.10 Td (non-exchange-traded ) Tj ET Q q 0 0 0 rg BT 451.21 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 463.49 653.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 509.09 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.81 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.74 653.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.00 641.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 137.16 641.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 167.98 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.91 641.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 231.27 641.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 258.21 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 275.70 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 290.40 641.10 Td (based ) Tj ET Q q 0 0 0 rg BT 315.66 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.16 641.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 363.42 641.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 394.24 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 417.28 641.10 Td (than ) Tj ET Q q 0 0 0 rg BT 436.99 641.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 476.15 641.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 498.91 641.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 523.07 641.10 Td (Louisiana ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 629.10 Td (Sweet\).��Our ) Tj ET Q q 0 0 0 rg BT 138.34 629.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 171.47 629.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 200.15 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.61 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.85 629.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 249.54 629.10 Td (put ) Tj ET Q q 0 0 0 rg BT 264.34 629.10 Td (features ) Tj ET Q q 0 0 0 rg BT 298.00 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.36 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.71 629.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 365.71 629.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 394.38 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.61 629.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 437.29 629.10 Td (using ) Tj ET Q q 0 0 0 rg BT 460.98 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.22 629.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 535.00 629.10 Td (model, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 617.10 Td (an ) Tj ET Q q 0 0 0 rg BT 97.55 617.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 132.93 617.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 169.42 617.10 Td (option ) Tj ET Q q 0 0 0 rg BT 197.59 617.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 237.41 617.10 Td (model ) Tj ET Q q 0 0 0 rg BT 265.01 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 282.61 617.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 305.77 617.10 Td (into ) Tj ET Q q 0 0 0 rg BT 323.94 617.10 Td (account ) Tj ET Q q 0 0 0 rg BT 357.64 617.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 384.70 617.10 Td (such ) Tj ET Q q 0 0 0 rg BT 405.63 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.57 617.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 463.60 617.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 490.09 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.36 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 617.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 605.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 137.38 605.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 170.62 605.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.83 605.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 205.77 605.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 240.14 605.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 266.74 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.11 605.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 337.99 605.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 370.15 605.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 394.24 605.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 433.07 605.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 462.99 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.15 605.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 505.63 605.10 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 554.18 605.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.10 Td (well ) Tj ET Q q 0 0 0 rg BT 106.30 593.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.22 593.10 Td (other ) Tj ET Q q 0 0 0 rg BT 142.35 593.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 178.14 593.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 220.60 593.10 Td (measures.��Substantially ) Tj ET Q q 0 0 0 rg BT 321.12 593.10 Td (all ) Tj ET Q q 0 0 0 rg BT 334.70 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.61 593.10 Td (these ) Tj ET Q q 0 0 0 rg BT 370.75 593.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 423.78 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.57 593.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 486.48 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.84 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.64 593.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 581.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 131.82 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.48 581.10 Td (full ) Tj ET Q q 0 0 0 rg BT 162.80 581.10 Td (term ) Tj ET Q q 0 0 0 rg BT 183.57 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.34 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.99 581.10 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 256.70 581.10 Td (can ) Tj ET Q q 0 0 0 rg BT 273.02 581.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.89 581.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 317.32 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 339.19 581.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 384.95 581.10 Td (data ) Tj ET Q q 0 0 0 rg BT 404.04 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.81 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 429.45 581.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 471.33 581.10 Td (by ) Tj ET Q q 0 0 0 rg BT 483.77 581.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 529.52 581.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 555.28 581.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (which ) Tj ET Q q 0 0 0 rg BT 112.44 569.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 162.70 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.41 569.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 215.44 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.72 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.44 569.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 545.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.42 545.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 119.58 545.10 Td (� ) Tj ET Q q 0 0 0 rg BT 127.74 545.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 159.78 545.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 187.39 545.10 Td (include ) Tj ET Q q 0 0 0 rg BT 219.98 545.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.35 545.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 292.96 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 311.11 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.48 545.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 366.84 545.10 Td (less ) Tj ET Q q 0 0 0 rg BT 385.00 545.10 Td (observable.��) Tj ET Q q 0 0 0 rg BT 435.63 545.10 Td (These ) Tj ET Q q 0 0 0 rg BT 462.67 545.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 490.27 545.10 Td (may ) Tj ET Q q 0 0 0 rg BT 510.65 545.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.24 545.10 Td (used ) Tj ET Q q 0 0 0 rg BT 544.73 545.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 533.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 126.50 533.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 170.28 533.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 231.84 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.52 533.10 Td (result ) Tj ET Q q 0 0 0 rg BT 274.42 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.88 533.10 Td (management�) Tj ET Q q 0 0 0 rg BT 338.75 533.10 Td (s ) Tj ET Q q 0 0 0 rg BT 345.32 533.10 Td (best ) Tj ET Q q 0 0 0 rg BT 364.11 533.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 400.11 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.13 533.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.68 533.10 Td (value.� ) Tj ET Q q 0 0 0 rg BT 456.43 533.10 Td (As ) Tj ET Q q 0 0 0 rg BT 470.22 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.24 533.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 540.00 533.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 533.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 521.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 134.98 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.57 521.10 Td (this ) Tj ET Q q 0 0 0 rg BT 162.83 521.10 Td (category ) Tj ET Q q 0 0 0 rg BT 200.07 521.10 Td (included ) Tj ET Q q 0 0 0 rg BT 237.32 521.10 Td (non-exchange-traded ) Tj ET Q q 0 0 0 rg BT 324.53 521.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 367.32 521.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 396.79 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 414.60 521.10 Td (were ) Tj ET Q q 0 0 0 rg BT 436.84 521.10 Td (based ) Tj ET Q q 0 0 0 rg BT 462.43 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.24 521.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 510.82 521.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 541.96 521.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 509.10 Td (than ) Tj ET Q q 0 0 0 rg BT 105.82 509.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 145.58 509.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 168.95 509.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 193.71 509.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 236.25 509.10 Td (Sweet\). ) Tj ET Q q 0 0 0 rg BT 269.62 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.49 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 291.14 509.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 331.45 509.10 Td (models ) Tj ET Q q 0 0 0 rg BT 363.44 509.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 396.52 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 411.28 509.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 445.49 509.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 475.25 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.79 509.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 535.86 509.10 Td (collars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.10 Td (were ) Tj ET Q q 0 0 0 rg BT 108.04 497.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 151.15 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 172.04 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.37 497.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 249.36 497.10 Td (described ) Tj ET Q q 0 0 0 rg BT 290.79 497.10 Td (above; ) Tj ET Q q 0 0 0 rg BT 320.56 497.10 Td (however) Tj ET Q q 0 0 0 rg BT 354.59 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.20 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.53 497.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 409.20 497.10 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 454.53 497.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 487.63 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.52 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.85 497.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 554.17 497.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 485.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.68 485.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 120.09 485.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 170.18 485.10 Td (were ) Tj ET Q q 0 0 0 rg BT 193.02 485.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 237.53 485.10 Td (using ) Tj ET Q q 0 0 0 rg BT 262.61 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.47 485.10 Td (benchmark, ) Tj ET Q q 0 0 0 rg BT 320.81 485.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.66 485.10 Td (was ) Tj ET Q q 0 0 0 rg BT 367.63 485.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 414.36 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.21 485.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 467.84 485.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 524.57 485.10 Td (input. ) Tj ET Q q 0 0 0 rg BT 550.29 485.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 473.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 120.12 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.32 473.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 166.60 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.79 473.10 Td (100 ) Tj ET Q q 0 0 0 rg BT 193.66 473.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 215.53 473.10 Td (points ) Tj ET Q q 0 0 0 rg BT 241.84 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.49 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.57 473.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 297.99 473.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 335.97 473.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 362.28 473.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 394.14 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.78 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 418.98 473.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 434.72 473.10 Td (value ) Tj ET Q q 0 0 0 rg BT 458.24 473.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 513.42 473.10 Td (would ) Tj ET Q q 0 0 0 rg BT 540.29 473.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.78 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.72 461.10 Td (change ) Tj ET Q q 0 0 0 rg BT 133.53 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.36 461.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.62 461.10 Td ($300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.62 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.12 461.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 265.73 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.01 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.72 461.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 307.10 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 331.26 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.09 461.10 Td (these ) Tj ET Q q 0 0 0 rg BT 365.13 461.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 414.30 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 425.13 461.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.96 461.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 494.54 461.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.54 461.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 437.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.36 437.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 110.03 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.03 437.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 168.92 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 191.15 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.15 437.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 246.14 437.10 Td (model ) Tj ET Q q 0 0 0 rg BT 273.92 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.37 437.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 356.67 437.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 376.96 437.10 Td (using ) Tj ET Q q 0 0 0 rg BT 401.41 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.53 437.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 453.63 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.75 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.75 437.10 Td (counterparty�) Tj ET Q q 0 0 0 rg BT 533.06 437.10 Td (s ) Tj ET Q q 0 0 0 rg BT 539.74 437.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 80.91 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.21 425.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 119.29 425.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 159.04 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.12 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.08 425.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 220.49 425.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 251.90 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.20 425.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 301.94 425.10 Td (positions.��) Tj ET Q q 0 0 0 rg BT 345.38 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 354.02 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 362.09 425.10 Td (use ) Tj ET Q q 0 0 0 rg BT 379.06 425.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 416.03 425.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 449.66 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.62 425.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 508.03 425.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.43 425.10 Td (data ) Tj ET Q q 0 0 0 rg BT 554.72 425.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 100.32 413.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 153.35 413.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 221.38 413.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 241.38 413.10 Td (including ) Tj ET Q q 0 0 0 rg BT 281.65 413.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 306.91 413.10 Td (default ) Tj ET Q q 0 0 0 rg BT 337.18 413.10 Td (swaps.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.34 389.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.52 389.10 Td (table ) Tj ET Q q 0 0 0 rg BT 148.25 389.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 165.55 389.10 Td (forth, ) Tj ET Q q 0 0 0 rg BT 189.78 389.10 Td (by ) Tj ET Q q 0 0 0 rg BT 202.08 389.10 Td (level ) Tj ET Q q 0 0 0 rg BT 223.80 389.10 Td (within ) Tj ET Q q 0 0 0 rg BT 251.66 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.17 389.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 282.34 389.10 Td (value ) Tj ET Q q 0 0 0 rg BT 306.29 389.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 343.39 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 348.19 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.81 389.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.09 389.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 426.71 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.45 389.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 482.96 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.25 389.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.97 389.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 377.10 Td (at ) Tj ET Q q 0 0 0 rg BT 73.38 377.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.75 377.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.91 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.41 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.35 377.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 172.49 377.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 194.99 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 205.82 377.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.65 377.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 275.24 377.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.24 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.74 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.68 377.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.68 377.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 295.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 295.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 295.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 295.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 295.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 295.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 295.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 295.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 295.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 265.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 265.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 265.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 265.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 265.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 265.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 265.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 265.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 265.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 235.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 235.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 235.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 235.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 235.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 235.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 235.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 235.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 235.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 205.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 205.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 205.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 205.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 205.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 205.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 205.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 205.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 205.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 175.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 175.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 175.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 175.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 175.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 175.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 175.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 175.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 175.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 145.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 145.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 145.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 145.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 145.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 145.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 145.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 145.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 145.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 115.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 115.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 115.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 115.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 115.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 115.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 115.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 115.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 115.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 353.6 m 355 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 353.6 m 359 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 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653.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 385.61 653.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 394.62 653.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 421.95 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.40 653.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 481.62 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.29 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.52 653.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.62 653.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 108.08 641.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.58 641.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.52 641.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 641.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 601.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 601.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 601.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 571.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 571.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 571.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 541.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 541.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 541.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 616.6 m 493 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 616.6 m 497 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 616.6 m 562 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 601.6 m 424 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 601.6 m 493 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 601.6 m 562 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 601.6 m 493 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 601.6 m 562 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 556.6 m 493 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 556.6 m 562 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 556.6 m 493 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 542.6 m 493 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 540.6 m 493 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 556.6 m 562 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 542.6 m 562 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 540.6 m 562 540.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.95 621.17 Td (Y) Tj ET Q q 0 0 0 rg BT 448.67 621.17 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 606.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 606.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 606.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 591.27 Td (Fair value of Level 3 instruments, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 591.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 591.27 Td (13,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 591.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 591.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 576.27 Td (Fair value adjustments on commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 576.32 Td (\(8,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 576.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 576.27 Td (13,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 561.27 Td (Receipt on settlements of commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 561.32 Td (\(3,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 561.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 561.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 546.27 Td (Fair value of Level 3 instruments, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 546.27 Td (1,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 546.27 Td (13,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 516.27 Td (The amount of total gains \(losses\) for the period included in earnings attributable to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 506.27 Td (change in unrealized gains \(losses\) relating to assets or liabilities still held at the reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 496.27 Td (date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 496.32 Td (\(556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 496.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 496.27 Td (13,624) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 468.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 468.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.97 468.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 112.35 468.10 Td (an ) Tj ET Q q 0 0 0 rg BT 125.19 468.10 Td (income ) Tj ET Q q 0 0 0 rg BT 158.01 468.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 198.05 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.22 468.10 Td (value ) Tj ET Q q 0 0 0 rg BT 234.27 468.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.00 468.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 277.15 468.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 285.55 468.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 328.92 468.10 Td (collars. ) Tj ET Q q 0 0 0 rg BT 361.46 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.61 468.10 Td (W) Tj ET Q q 0 0 0 rg BT 373.25 468.10 Td (e ) Tj ET Q q 0 0 0 rg BT 381.08 468.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 409.47 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.30 468.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 456.80 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.41 468.10 Td (appropriateness ) Tj ET Q q 0 0 0 rg BT 538.55 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 468.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.35 456.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 123.44 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.86 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.72 456.10 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 200.73 456.10 Td (including ) Tj ET Q q 0 0 0 rg BT 242.15 456.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 290.21 456.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 317.72 456.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.03 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.88 456.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 395.85 456.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 448.66 456.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 481.89 456.10 Td (, ) Tj ET Q q 0 0 0 rg BT 488.03 456.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 523.32 456.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 550.84 456.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 106.94 444.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.65 444.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 164.31 444.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 203.69 444.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 234.18 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.90 444.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 277.94 444.10 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 327.05 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.77 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.26 444.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 377.42 444.10 Td (value ) Tj ET Q q 0 0 0 rg BT 402.35 444.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 438.95 444.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.90 444.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 487.15 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.87 444.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 544.80 444.10 Td (on ) Tj ET Q q 0 0 0 rg BT 558.07 444.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 87.99 432.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 112.88 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.10 432.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.04 432.10 Td (following ) Tj ET Q q 0 0 0 rg BT 174.32 432.10 Td (table ) Tj ET Q q 0 0 0 rg BT 196.15 432.10 Td (details ) Tj ET Q q 0 0 0 rg BT 224.65 432.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 240.92 432.10 Td (value ) Tj ET Q q 0 0 0 rg BT 264.97 432.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 291.81 432.10 Td (related ) Tj ET Q q 0 0 0 rg BT 321.41 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.58 432.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 364.53 432.10 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 409.14 432.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 441.52 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.69 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.30 432.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 505.91 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.63 432.10 Td (our ) Tj ET Q q 0 0 0 rg BT 532.36 432.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 557.52 432.10 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.56 420.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 105.04 420.10 Td (contracts:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 363.60 71.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 120.50 363.60 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 124.50 363.60 70.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 194.50 363.60 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 198.50 363.60 64.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.50 363.60 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.50 363.60 206.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 472.50 363.60 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 476.50 363.60 85.00 -35.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 124.5 363.6 m 194.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 363.6 m 262.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 363.6 m 472.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 363.6 m 561.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 124.5 363.6 m 194.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 363.6 m 262.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 363.6 m 472.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 363.6 m 561.5 363.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 388.17 Td (Fair ) Tj ET Q q 0 0 0 rg BT 152.02 388.17 Td (V) Tj ET Q q 0 0 0 rg BT 158.60 388.17 Td (alue at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.20 378.17 Td (12/31/2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 368.17 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.80 378.27 Td (V) Tj ET Q q 0 0 0 rg BT 217.47 378.27 Td (aluation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.20 368.27 Td (T) Tj ET Q q 0 0 0 rg BT 214.96 368.27 Td (echnique) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.40 368.27 Td (Unobservable Input) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.95 368.27 Td (V) Tj ET Q q 0 0 0 rg BT 492.53 368.27 Td (olatility Range) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 343.27 Td (Oil derivative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 333.27 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.00 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.15 333.27 Td (1,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.20 353.27 Td (Discounted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.05 343.27 Td (cash flow /) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.10 333.27 Td (Black-Scholes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 343.27 Td (V) Tj ET Q q 0 0 0 rg BT 274.93 343.27 Td (olatility of Light Louisiana Sweet for settlement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 333.27 Td (periods beginning after December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 333.27 Td (12.6% � 34.5%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 305.10 Td ( Fair) Tj ET Q q 0 0 0 rg BT 95.51 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.83 305.10 Td (V) Tj ET Q q 0 0 0 rg BT 104.13 305.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 157.00 305.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.79 281.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 121.86 281.10 Td (value ) Tj ET Q q 0 0 0 rg BT 146.26 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.33 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.41 281.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 197.27 281.10 Td (under ) Tj ET Q q 0 0 0 rg BT 222.78 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.86 281.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 262.71 281.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 289.85 281.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 337.02 281.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 389.75 281.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.37 281.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 433.27 281.10 Td (as ) Tj ET Q q 0 0 0 rg BT 444.35 281.10 Td (they ) Tj ET Q q 0 0 0 rg BT 464.31 281.10 Td (are ) Tj ET Q q 0 0 0 rg BT 479.26 281.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.34 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.86 281.10 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 82.91 269.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 114.65 269.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 135.84 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 153.14 269.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 205.43 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.95 269.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 241.13 269.10 Td (available ) Tj ET Q q 0 0 0 rg BT 279.53 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.61 269.10 Td (us ) Tj ET Q q 0 0 0 rg BT 300.81 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.78 269.10 Td (those ) Tj ET Q q 0 0 0 rg BT 338.20 269.10 Td (periods.��) Tj ET Q q 0 0 0 rg BT 374.95 269.10 Td (W) Tj ET Q q 0 0 0 rg BT 383.59 269.10 Td (e ) Tj ET Q q 0 0 0 rg BT 390.34 269.10 Td (use ) Tj ET Q q 0 0 0 rg BT 405.97 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.72 269.10 Td (market ) Tj ET Q q 0 0 0 rg BT 442.79 269.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 481.74 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.83 269.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 534.12 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.64 269.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.38 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.94 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.50 257.10 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 144.58 257.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 187.24 257.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 207.69 257.10 Td (using ) Tj ET Q q 0 0 0 rg BT 232.58 257.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 279.13 257.10 Td (market ) Tj ET Q q 0 0 0 rg BT 310.12 257.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 332.50 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.49 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 354.26 257.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 371.37 257.10 Td (values ) Tj ET Q q 0 0 0 rg BT 400.14 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.70 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.25 257.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 455.92 257.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 489.68 257.10 Td (second ) Tj ET Q q 0 0 0 rg BT 520.68 257.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 538.90 257.10 Td (notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 98.85 245.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 127.66 245.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 155.63 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.44 245.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 203.25 245.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 259.27 245.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 284.75 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 301.33 245.10 Td (based ) Tj ET Q q 0 0 0 rg BT 328.47 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.83 245.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 374.42 245.10 Td (market ) Tj ET Q q 0 0 0 rg BT 406.55 245.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 437.30 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 466.11 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 482.68 245.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 530.37 245.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 557.50 245.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 109.69 233.10 Td (under ) Tj ET Q q 0 0 0 rg BT 135.45 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.65 233.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 167.51 233.10 Td (value ) Tj ET Q q 0 0 0 rg BT 192.16 233.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 229.26 233.10 Td (.��) Tj ET Q q 0 0 0 rg BT 236.58 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 255.11 233.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 296.42 233.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 313.29 233.10 Td (value ) Tj ET Q q 0 0 0 rg BT 337.93 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.25 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.45 233.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 402.98 233.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 435.96 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.28 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.60 233.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 483.80 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.12 233.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.44 233.10 Td (December�31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.72 221.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.39 221.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.39 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.11 221.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 166.77 221.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 204.20 221.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 247.19 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.85 221.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 298.73 221.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 323.94 221.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 376.11 221.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.88 221.10 Td ($1,833.1 ) Tj ET Q q 0 0 0 rg BT 437.11 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.22 221.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.88 221.10 Td ($1,886.1 ) Tj ET Q q 0 0 0 rg BT 531.11 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 221.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 209.10 Td (.��) Tj ET Q q 0 0 0 rg BT 104.48 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.12 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 119.96 209.10 Td (have ) Tj ET Q q 0 0 0 rg BT 141.24 209.10 Td (other ) Tj ET Q q 0 0 0 rg BT 164.19 209.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.58 209.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 250.65 209.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 293.61 209.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 333.22 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.96 209.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 366.63 209.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 386.80 209.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 437.25 209.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 457.26 209.10 Td (T) Tj ET Q q 0 0 0 rg BT 463.02 209.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 494.85 209.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 520.86 209.10 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 96.97 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.91 197.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 151.39 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 168.89 197.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 221.37 197.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.75 197.10 Td (value ) Tj ET Q q 0 0 0 rg BT 261.90 197.10 Td (due ) Tj ET Q q 0 0 0 rg BT 278.84 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.12 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.84 197.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 331.32 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.15 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.87 197.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 402.14 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.08 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.80 197.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 474.06 197.10 Td (short ) Tj ET Q q 0 0 0 rg BT 496.56 197.10 Td (maturities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (Note 12. Commitments and Contingencies) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 125.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.72 125.10 Td (have ) Tj ET Q q 0 0 0 rg BT 105.74 125.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 138.30 125.10 Td (into ) Tj ET Q q 0 0 0 rg BT 157.00 125.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 199.57 125.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 257.15 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.07 125.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 306.75 125.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 320.64 123.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.89 125.10 Td (�that ) Tj ET Q q 0 0 0 rg BT 344.53 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 359.88 125.10 Td (either ) Tj ET Q q 0 0 0 rg BT 385.78 125.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 449.44 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.91 125.10 Td (cancelable ) Tj ET Q q 0 0 0 rg BT 506.24 125.10 Td (only ) Tj ET Q q 0 0 0 rg BT 527.16 125.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.30 125.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 96.55 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.07 113.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 147.36 113.10 Td (future ) Tj ET Q q 0 0 0 rg BT 174.44 113.10 Td (events.��) Tj ET Q q 0 0 0 rg BT 207.30 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 226.05 113.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 283.68 113.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 321.31 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 336.17 113.10 Td (up ) Tj ET Q q 0 0 0 rg BT 349.36 113.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.33 113.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 368.53 113.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.63 113.10 Td (.��) Tj ET Q q 0 0 0 rg BT 396.95 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 415.69 113.10 Td (price ) Tj ET Q q 0 0 0 rg BT 438.87 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 453.73 113.10 Td (will ) Tj ET Q q 0 0 0 rg BT 472.48 113.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 490.12 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.97 113.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 518.86 111.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.11 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.31 113.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 76.95 101.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 122.18 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.76 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.55 101.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 185.12 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.03 101.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.92 99.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.17 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.75 101.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 258.52 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.54 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.33 101.10 Td (price ) Tj ET Q q 0 0 0 rg BT 315.89 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.80 101.10 Td (oil.��Once ) Tj ET Q q 0 0 0 rg BT 370.53 101.10 Td (all ) Tj ET Q q 0 0 0 rg BT 384.10 101.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 442.11 101.10 Td (have ) Tj ET Q q 0 0 0 rg BT 464.56 101.10 Td (commenced, ) Tj ET Q q 0 0 0 rg BT 518.95 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.86 101.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 103.04 89.10 Td (under ) Tj ET Q q 0 0 0 rg BT 128.80 89.10 Td (these ) Tj ET Q q 0 0 0 rg BT 152.35 89.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 191.43 89.10 Td (could ) Tj ET Q q 0 0 0 rg BT 216.65 89.10 Td (range ) Tj ET Q q 0 0 0 rg BT 241.85 89.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.28 89.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 282.28 89.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.17 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.16 89.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.93 89.10 Td ($33 ) Tj ET Q q 0 0 0 rg BT 342.93 89.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.82 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.82 89.10 Td (per ) Tj ET Q q 0 0 0 rg BT 390.58 89.10 Td (year) Tj ET Q q 0 0 0 rg BT 407.39 89.10 Td (, ) Tj ET Q q 0 0 0 rg BT 412.88 89.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 453.65 89.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.09 89.10 Td ($60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.09 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.08 89.10 Td (per ) Tj ET Q q 0 0 0 rg BT 494.84 89.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 512.29 89.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 551.95 89.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (price.) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.56 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 96.76 713.10 Td (party ) Tj ET Q q 0 0 0 rg BT 119.29 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.06 713.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 170.48 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 208.56 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.54 713.10 Td (require ) Tj ET Q q 0 0 0 rg BT 255.84 713.10 Td (us ) Tj ET Q q 0 0 0 rg BT 266.72 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.49 713.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 306.24 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 320.13 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.38 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.37 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.13 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.45 713.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 390.21 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 404.10 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.35 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.34 713.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 451.88 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 461.08 713.10 Td (various ) Tj ET Q q 0 0 0 rg BT 492.50 713.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 536.13 713.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 565.01 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 75.86 701.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 97.78 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.92 701.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 154.39 701.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 190.20 701.10 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 236.54 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.79 701.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 272.04 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.74 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.88 701.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 335.57 701.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 376.09 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 389.67 701.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 424.91 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 441.83 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 455.41 701.10 Td (may ) Tj ET Q q 0 0 0 rg BT 474.55 701.10 Td (be ) Tj ET Q q 0 0 0 rg BT 485.91 701.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 525.04 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 701.10 Td (deliver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (up ) Tj ET Q q 0 0 0 rg BT 61.39 689.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.05 689.10 Td (770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.05 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.94 689.10 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 104.27 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.48 689.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 128.37 687.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.62 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.51 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.18 689.10 Td (these ) Tj ET Q q 0 0 0 rg BT 165.61 689.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 208.04 689.10 Td (over ) Tj ET Q q 0 0 0 rg BT 227.70 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.80 689.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.91 689.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 272.80 689.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.89 689.10 Td (. ) Tj ET Q q 0 0 0 rg BT 298.28 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.03 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 317.47 689.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 359.91 689.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 391.79 689.10 Td (required ) Tj ET Q q 0 0 0 rg BT 426.99 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.66 689.10 Td (any ) Tj ET Q q 0 0 0 rg BT 452.98 689.10 Td (given ) Tj ET Q q 0 0 0 rg BT 477.09 689.10 Td (year ) Tj ET Q q 0 0 0 rg BT 496.18 689.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.74 689.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.27 677.10 Td (MMcf/d, ) Tj ET Q q 0 0 0 rg BT 105.88 677.10 Td (which ) Tj ET Q q 0 0 0 rg BT 133.09 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.52 677.10 Td (judge ) Tj ET Q q 0 0 0 rg BT 172.51 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.06 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.27 677.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 221.93 677.10 Td (given ) Tj ET Q q 0 0 0 rg BT 246.92 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.91 677.10 Td (size ) Tj ET Q q 0 0 0 rg BT 280.23 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.33 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.43 677.10 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 341.86 677.10 Td (Dome ) Tj ET Q q 0 0 0 rg BT 369.08 677.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 399.62 677.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 413.51 675.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.76 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.53 677.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 455.06 677.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.05 677.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 523.91 677.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.91 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.18 677.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.32 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 126.14 665.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 174.18 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.12 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.95 665.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 246.65 665.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 272.47 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 297.20 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.44 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.94 665.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 328.21 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.37 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.20 665.10 Td (own ) Tj ET Q q 0 0 0 rg BT 377.93 665.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 409.30 665.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 445.68 665.10 Td (program.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (Litigation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 617.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.82 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 99.26 617.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 137.50 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.52 617.10 Td (various ) Tj ET Q q 0 0 0 rg BT 181.19 617.10 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 219.71 617.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 249.06 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.73 617.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 311.07 617.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 362.62 617.10 Td (incidental ) Tj ET Q q 0 0 0 rg BT 405.29 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.31 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.88 617.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 480.84 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.85 617.10 Td (While ) Tj ET Q q 0 0 0 rg BT 511.52 617.10 Td (we ) Tj ET Q q 0 0 0 rg BT 526.42 617.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.92 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.46 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.22 605.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 148.54 605.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 185.52 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.39 605.10 Td (these ) Tj ET Q q 0 0 0 rg BT 219.49 605.10 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 272.85 605.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 323.73 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.71 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.04 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.80 605.10 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 409.71 605.10 Td (will ) Tj ET Q q 0 0 0 rg BT 427.81 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 443.14 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 464.56 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.54 605.10 Td (material ) Tj ET Q q 0 0 0 rg BT 506.85 605.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.93 605.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.52 605.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.18 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 78.20 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.86 593.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 153.27 593.10 Td (results ) Tj ET Q q 0 0 0 rg BT 182.06 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.07 593.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 237.41 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.43 593.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 268.88 593.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 296.28 593.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 335.07 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 344.43 593.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 375.44 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.90 593.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 421.34 593.10 Td (uncertainties.��) Tj ET Q q 0 0 0 rg BT 479.75 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 488.39 593.10 Td (e ) Tj ET Q q 0 0 0 rg BT 495.51 593.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 524.28 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.62 593.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 581.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 110.05 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.99 581.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 155.59 581.10 Td (if ) Tj ET Q q 0 0 0 rg BT 164.20 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.36 581.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 220.84 581.10 Td (that ) Tj ET Q q 0 0 0 rg BT 238.33 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.27 581.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 263.33 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.50 581.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 309.99 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.93 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.64 581.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 374.14 581.10 Td (can ) Tj ET Q q 0 0 0 rg BT 390.52 581.10 Td (be ) Tj ET Q q 0 0 0 rg BT 402.45 581.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 448.27 581.10 Td (estimated.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 72.54 557.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 98.37 557.10 Td (Helium ) Tj ET Q q 0 0 0 rg BT 130.31 557.10 Td (Supply ) Tj ET Q q 0 0 0 rg BT 160.02 557.10 Td (Contract ) Tj ET Q q 0 0 0 rg BT 198.08 557.10 Td (Claim) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td (As ) Tj ET Q q 0 0 0 rg BT 82.00 533.10 Td (part ) Tj ET Q q 0 0 0 rg BT 100.93 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.65 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.36 533.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 152.75 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.57 533.10 Td (201) Tj ET Q q 0 0 0 rg BT 185.20 533.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 193.58 533.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 244.74 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.46 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.06 533.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 297.11 533.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 324.38 533.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 345.55 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.37 533.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.85 533.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 424.56 533.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 470.72 533.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 502.42 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.80 533.10 Td (was ) Tj ET Q q 0 0 0 rg BT 539.74 533.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 103.48 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.74 521.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.66 521.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 195.15 521.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.63 521.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.63 521.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 234.21 521.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 264.02 521.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 292.73 521.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 326.98 521.10 Td (under ) Tj ET Q q 0 0 0 rg BT 351.79 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 378.27 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 391.97 521.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 420.66 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.48 521.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 459.19 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.45 521.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 503.27 521.10 Td (separated ) Tj ET Q q 0 0 0 rg BT 543.07 521.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.69 509.10 Td (full ) Tj ET Q q 0 0 0 rg BT 79.55 509.10 Td (well ) Tj ET Q q 0 0 0 rg BT 98.74 509.10 Td (stream ) Tj ET Q q 0 0 0 rg BT 127.36 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 139.33 509.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 179.07 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.37 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.56 509.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 218.86 509.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 263.60 509.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 293.89 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.64 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.05 509.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 354.79 509.10 Td (purchaser) Tj ET Q q 0 0 0 rg BT 393.26 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.29 509.10 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 434.27 509.10 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 468.74 509.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 489.59 509.10 Td (\(�APMTG�\).� ) Tj ET Q q 0 0 0 rg BT 546.96 509.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 79.53 497.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 108.46 497.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 142.92 497.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 179.62 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.54 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.01 497.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 243.03 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.62 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.32 497.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 301.47 497.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 345.37 497.10 Td (quantity ) Tj ET Q q 0 0 0 rg BT 380.40 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.99 497.10 Td (helium, ) Tj ET Q q 0 0 0 rg BT 423.52 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 443.56 497.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 485.80 497.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 523.05 497.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 556.40 497.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 88.19 485.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 129.68 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.61 485.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 170.98 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.79 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 201.17 485.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 237.65 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.03 485.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 295.59 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.97 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.79 485.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 355.60 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.53 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.35 485.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 418.65 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.06 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 439.21 485.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 481.80 485.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 519.39 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 534.19 485.10 Td (capped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 473.10 Td (an ) Tj ET Q q 0 0 0 rg BT 71.16 473.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 112.52 473.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.35 473.10 Td ($46.0 ) Tj ET Q q 0 0 0 rg BT 148.35 473.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.24 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.74 473.10 Td (over ) Tj ET Q q 0 0 0 rg BT 200.01 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.72 473.10 Td (term ) Tj ET Q q 0 0 0 rg BT 235.55 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.38 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.10 473.10 Td (contract. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.33 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.26 449.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 112.30 449.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 157.79 449.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 188.82 449.10 Td (has ) Tj ET Q q 0 0 0 rg BT 204.87 449.10 Td (been ) Tj ET Q q 0 0 0 rg BT 226.46 449.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 256.95 449.10 Td (since ) Tj ET Q q 0 0 0 rg BT 280.21 449.10 Td (mid-2014 ) Tj ET Q q 0 0 0 rg BT 321.82 449.10 Td (due ) Tj ET Q q 0 0 0 rg BT 338.97 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.46 449.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 394.39 449.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 433.19 449.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 462.30 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 476.67 449.10 Td (have ) Tj ET Q q 0 0 0 rg BT 498.27 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 513.76 449.10 Td (been ) Tj ET Q q 0 0 0 rg BT 535.35 449.10 Td (able ) Tj ET Q q 0 0 0 rg BT 554.72 449.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 78.37 437.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 108.34 437.10 Td (under ) Tj ET Q q 0 0 0 rg BT 133.31 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.73 437.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 177.70 437.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 206.57 437.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 243.47 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.67 437.10 Td (In ) Tj ET Q q 0 0 0 rg BT 256.20 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.84 437.10 Td (case ) Tj ET Q q 0 0 0 rg BT 282.25 437.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 302.77 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.75 437.10 Td (November ) Tj ET Q q 0 0 0 rg BT 357.16 437.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 379.36 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.33 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.75 437.10 Td (Ninth ) Tj ET Q q 0 0 0 rg BT 428.73 437.10 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 462.03 437.10 Td (District ) Tj ET Q q 0 0 0 rg BT 494.23 437.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 519.20 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.73 437.10 Td (Sublette ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (County) Tj ET Q q 0 0 0 rg BT 78.30 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 82.90 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.73 425.10 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 126.55 425.10 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 163.81 425.10 Td (claimed ) Tj ET Q q 0 0 0 rg BT 197.73 425.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 233.31 425.10 Td (years ) Tj ET Q q 0 0 0 rg BT 256.67 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.26 425.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 309.51 425.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 346.76 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.68 425.10 Td (non-delivery ) Tj ET Q q 0 0 0 rg BT 414.03 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.62 425.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 460.77 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.36 425.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 501.39 425.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 539.74 425.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.70 413.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 93.46 413.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 122.11 413.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 158.80 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.64 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.17 413.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.04 413.10 Td (claimed ) Tj ET Q q 0 0 0 rg BT 252.67 413.10 Td (that ) Tj ET Q q 0 0 0 rg BT 269.65 413.10 Td (its ) Tj ET Q q 0 0 0 rg BT 281.08 413.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 327.49 413.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 373.92 413.10 Td (were ) Tj ET Q q 0 0 0 rg BT 395.33 413.10 Td (excused ) Tj ET Q q 0 0 0 rg BT 429.52 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 441.50 413.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 466.81 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.13 413.10 Td (events ) Tj ET Q q 0 0 0 rg BT 504.66 413.10 Td (that ) Tj ET Q q 0 0 0 rg BT 521.64 413.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 536.94 413.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 401.10 Td (force ) Tj ET Q q 0 0 0 rg BT 87.25 401.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 121.96 401.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 166.13 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.40 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.12 401.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 221.39 401.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 250.56 401.10 Td (contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (On ) Tj ET Q q 0 0 0 rg BT 83.15 377.10 Td (March ) Tj ET Q q 0 0 0 rg BT 112.68 377.10 Td (1) Tj ET Q q 0 0 0 rg BT 117.30 377.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 128.23 377.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 154.16 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.80 377.10 Td (trial ) Tj ET Q q 0 0 0 rg BT 189.34 377.10 Td (court ) Tj ET Q q 0 0 0 rg BT 213.31 377.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 246.16 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.03 377.10 Td (final ) Tj ET Q q 0 0 0 rg BT 275.78 377.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 316.98 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.41 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.27 377.10 Td (force ) Tj ET Q q 0 0 0 rg BT 367.24 377.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 402.87 377.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 444.07 377.10 Td (did ) Tj ET Q q 0 0 0 rg BT 460.27 377.10 Td (exist, ) Tj ET Q q 0 0 0 rg BT 485.09 377.10 Td (but ) Tj ET Q q 0 0 0 rg BT 501.29 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 377.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 558.60 377.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.03 365.10 Td (was ) Tj ET Q q 0 0 0 rg BT 121.60 365.10 Td (excused ) Tj ET Q q 0 0 0 rg BT 156.82 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.83 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.06 365.10 Td (force ) Tj ET Q q 0 0 0 rg BT 208.61 365.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 243.82 365.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 288.50 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.84 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.07 365.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 350.29 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.96 365.10 Td (only ) Tj ET Q q 0 0 0 rg BT 385.75 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.20 365.10 Td (35-day ) Tj ET Q q 0 0 0 rg BT 423.98 365.10 Td (period ) Tj ET Q q 0 0 0 rg BT 452.54 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.33 365.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 488.84 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.29 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 517.63 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.08 365.10 Td (result ) Tj ET Q q 0 0 0 rg BT 550.31 365.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.33 353.10 Td (should ) Tj ET Q q 0 0 0 rg BT 120.95 353.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 137.68 353.10 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 175.63 353.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 218.56 353.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 256.49 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.87 353.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.25 353.10 Td (thereon ) Tj ET Q q 0 0 0 rg BT 339.18 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.79 353.10 Td (those ) Tj ET Q q 0 0 0 rg BT 377.84 353.10 Td (time ) Tj ET Q q 0 0 0 rg BT 398.56 353.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 430.94 353.10 Td (from ) Tj ET Q q 0 0 0 rg BT 453.32 353.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 488.47 353.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 554.72 353.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.50 341.10 Td (close ) Tj ET Q q 0 0 0 rg BT 87.82 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.93 341.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 137.24 341.10 Td (\(November ) Tj ET Q q 0 0 0 rg BT 185.55 341.10 Td (29, ) Tj ET Q q 0 0 0 rg BT 200.83 341.10 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 229.44 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.02 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 250.34 341.10 Td (Company�) Tj ET Q q 0 0 0 rg BT 292.01 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 298.68 341.10 Td (position ) Tj ET Q q 0 0 0 rg BT 333.68 341.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 374.79 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.34 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 397.56 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 415.33 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 427.56 341.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 474.76 341.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 521.98 341.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.64 341.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.27 329.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 103.04 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.15 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.92 329.10 Td (excused ) Tj ET Q q 0 0 0 rg BT 159.45 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 171.79 329.10 Td (events ) Tj ET Q q 0 0 0 rg BT 199.66 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 216.99 329.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 232.65 329.10 Td (within ) Tj ET Q q 0 0 0 rg BT 260.54 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.08 329.10 Td (force ) Tj ET Q q 0 0 0 rg BT 297.95 329.10 Td (majeure ) Tj ET Q q 0 0 0 rg BT 332.49 329.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 376.49 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.15 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 329.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 431.80 329.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 460.80 329.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 497.84 329.10 Td (so ) Tj ET Q q 0 0 0 rg BT 509.06 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 329.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.92 317.10 Td (appealed ) Tj ET Q q 0 0 0 rg BT 104.54 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.85 317.10 Td (trial ) Tj ET Q q 0 0 0 rg BT 139.05 317.10 Td (court�) Tj ET Q q 0 0 0 rg BT 162.37 317.10 Td (s ) Tj ET Q q 0 0 0 rg BT 169.35 317.10 Td (ruling ) Tj ET Q q 0 0 0 rg BT 196.33 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.20 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.28 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 231.12 317.10 Td (yoming ) Tj ET Q q 0 0 0 rg BT 264.77 317.10 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 303.41 317.10 Td (Court. ) Tj ET Q q 0 0 0 rg BT 331.78 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.87 317.10 Td (Briefing ) Tj ET Q q 0 0 0 rg BT 371.28 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.03 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.34 317.10 Td (appeal ) Tj ET Q q 0 0 0 rg BT 430.53 317.10 Td (by ) Tj ET Q q 0 0 0 rg BT 443.62 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.93 317.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 500.90 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.75 317.10 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 555.85 317.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.96 305.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 125.85 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.99 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 147.80 305.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 191.81 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.95 305.10 Td (late ) Tj ET Q q 0 0 0 rg BT 218.75 305.10 Td (May ) Tj ET Q q 0 0 0 rg BT 239.44 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.13 305.10 Td (early ) Tj ET Q q 0 0 0 rg BT 272.48 305.10 Td (June, ) Tj ET Q q 0 0 0 rg BT 295.68 305.10 Td (after ) Tj ET Q q 0 0 0 rg BT 316.36 305.10 Td (which ) Tj ET Q q 0 0 0 rg BT 343.16 305.10 Td (oral ) Tj ET Q q 0 0 0 rg BT 361.07 305.10 Td (ar) Tj ET Q q 0 0 0 rg BT 368.66 305.10 Td (guments ) Tj ET Q q 0 0 0 rg BT 404.91 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 422.83 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 434.63 305.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 476.98 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.78 305.10 Td (heard ) Tj ET Q q 0 0 0 rg BT 518.35 305.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 540.15 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 305.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.34 293.10 Td (yoming ) Tj ET Q q 0 0 0 rg BT 92.72 293.10 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 132.08 293.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 158.68 293.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 195.27 293.10 Td (its ) Tj ET Q q 0 0 0 rg BT 208.54 293.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 250.13 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 263.95 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.99 293.10 Td (appeal. ) Tj ET Q q 0 0 0 rg BT 312.41 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.95 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 335.32 293.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 365.25 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.51 293.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 421.77 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.92 293.10 Td (this ) Tj ET Q q 0 0 0 rg BT 452.19 293.10 Td (appeal ) Tj ET Q q 0 0 0 rg BT 482.11 293.10 Td (process ) Tj ET Q q 0 0 0 rg BT 515.92 293.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.41 293.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (unpredictable, ) Tj ET Q q 0 0 0 rg BT 108.92 281.10 Td (but ) Tj ET Q q 0 0 0 rg BT 124.20 281.10 Td (at ) Tj ET Q q 0 0 0 rg BT 133.91 281.10 Td (this ) Tj ET Q q 0 0 0 rg BT 150.86 281.10 Td (time ) Tj ET Q q 0 0 0 rg BT 171.14 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.31 281.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 226.67 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.95 281.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 266.11 281.10 Td (over ) Tj ET Q q 0 0 0 rg BT 286.38 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.09 281.10 Td (next ) Tj ET Q q 0 0 0 rg BT 320.81 281.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 340.53 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.80 281.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 379.96 281.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (Absent ) Tj ET Q q 0 0 0 rg BT 98.09 257.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 132.00 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.59 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.07 257.10 Td (trial ) Tj ET Q q 0 0 0 rg BT 175.43 257.10 Td (court�) Tj ET Q q 0 0 0 rg BT 198.75 257.10 Td (s ) Tj ET Q q 0 0 0 rg BT 204.91 257.10 Td (ruling ) Tj ET Q q 0 0 0 rg BT 231.05 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.32 257.10 Td (appeal, ) Tj ET Q q 0 0 0 rg BT 274.17 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.65 257.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.79 257.10 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 374.81 257.10 Td (total ) Tj ET Q q 0 0 0 rg BT 394.85 257.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 437.10 257.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 474.35 257.10 Td (would ) Tj ET Q q 0 0 0 rg BT 501.61 257.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 525.52 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 257.10 Td ($46.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.88 245.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 122.23 245.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 138.60 245.10 Td (under ) Tj ET Q q 0 0 0 rg BT 163.86 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.57 245.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 208.83 245.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 237.99 245.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 272.68 245.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.84 245.10 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 311.83 245.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.73 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.22 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.04 245.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 397.62 245.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 420.11 245.10 Td (\(through ) Tj ET Q q 0 0 0 rg BT 457.04 245.10 Td (December ) Tj ET Q q 0 0 0 rg BT 500.61 245.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 515.60 245.10 Td (2019\), ) Tj ET Q q 0 0 0 rg BT 543.92 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 558.07 245.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (total ) Tj ET Q q 0 0 0 rg BT 69.85 233.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.75 233.10 Td ($51.2 ) Tj ET Q q 0 0 0 rg BT 105.82 233.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.71 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.79 233.10 Td (which ) Tj ET Q q 0 0 0 rg BT 166.80 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 176.04 233.10 Td (included ) Tj ET Q q 0 0 0 rg BT 213.05 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.40 233.10 Td (�Other ) Tj ET Q q 0 0 0 rg BT 253.18 233.10 Td (liabilities� ) Tj ET Q q 0 0 0 rg BT 297.41 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.76 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.67 233.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 379.01 233.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 413.79 233.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 442.47 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.37 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.28 233.10 Td (December ) Tj ET Q q 0 0 0 rg BT 507.93 233.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 523.01 233.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 548.08 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td ($49.4 ) Tj ET Q q 0 0 0 rg BT 75.07 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.96 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.03 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.43 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 145.94 221.10 Td (was ) Tj ET Q q 0 0 0 rg BT 164.56 221.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 198.72 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.57 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.85 221.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 252.36 221.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 283.75 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.15 221.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 320.72 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.57 221.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.18 221.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.14 221.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 423.31 221.10 Td (has ) Tj ET Q q 0 0 0 rg BT 439.71 221.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.21 221.10 Td ($32.8 ) Tj ET Q q 0 0 0 rg BT 472.78 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.68 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.75 221.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 528.36 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.76 221.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 78.11 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.94 209.10 Td (security ) Tj ET Q q 0 0 0 rg BT 123.09 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.37 209.10 Td (this ) Tj ET Q q 0 0 0 rg BT 150.32 209.10 Td (case ) Tj ET Q q 0 0 0 rg BT 170.03 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.86 209.10 Td (part ) Tj ET Q q 0 0 0 rg BT 198.90 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.73 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.45 209.10 Td (appeal ) Tj ET Q q 0 0 0 rg BT 253.04 209.10 Td (process.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.37 185.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 161.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.36 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 98.35 161.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 129.46 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.03 161.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 166.70 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 181.14 161.10 Td (various ) Tj ET Q q 0 0 0 rg BT 213.36 161.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 236.70 161.10 Td (\(income, ) Tj ET Q q 0 0 0 rg BT 274.74 161.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 296.97 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.19 161.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 332.81 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.03 161.10 Td (severance\) ) Tj ET Q q 0 0 0 rg BT 395.56 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.12 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.12 161.10 Td (various ) Tj ET Q q 0 0 0 rg BT 453.35 161.10 Td (states ) Tj ET Q q 0 0 0 rg BT 478.35 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.91 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 516.13 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 530.58 161.10 Td (operate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 149.10 Td (from ) Tj ET Q q 0 0 0 rg BT 88.94 149.10 Td (time ) Tj ET Q q 0 0 0 rg BT 109.50 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.06 149.10 Td (time ) Tj ET Q q 0 0 0 rg BT 140.61 149.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 172.26 149.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 223.37 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 237.81 149.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 275.58 149.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 298.91 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 316.69 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 331.13 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 351.13 149.10 Td (owe.� ) Tj ET Q q 0 0 0 rg BT 375.58 149.10 Td (In ) Tj ET Q q 0 0 0 rg BT 386.69 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.69 149.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 423.08 149.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 466.96 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.07 149.10 Td (these ) Tj ET Q q 0 0 0 rg BT 501.40 149.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 533.62 149.10 Td (has ) Tj ET Q q 0 0 0 rg BT 549.73 149.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.44 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.38 137.10 Td (material ) Tj ET Q q 0 0 0 rg BT 108.64 137.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 141.67 137.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.15 137.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 208.87 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 221.37 137.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 235.26 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 137.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.79 137.10 Td (we ) Tj ET Q q 0 0 0 rg BT 304.95 137.10 Td (have ) Tj ET Q q 0 0 0 rg BT 326.33 137.10 Td (no ) Tj ET Q q 0 0 0 rg BT 338.83 137.10 Td (material ) Tj ET Q q 0 0 0 rg BT 374.08 137.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 424.92 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.08 137.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 476.57 137.10 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.02 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 95.67 113.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 125.44 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.66 113.10 Td (various ) Tj ET Q q 0 0 0 rg BT 165.54 113.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 199.76 113.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 256.18 113.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.62 113.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 292.94 113.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 331.60 113.10 Td (from ) Tj ET Q q 0 0 0 rg BT 352.48 113.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 407.79 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.56 113.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 446.76 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.64 113.10 Td (state ) Tj ET Q q 0 0 0 rg BT 482.41 113.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 502.18 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.06 113.10 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 101.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 87.85 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.06 101.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.61 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.04 101.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 164.80 101.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 181.13 101.10 Td (industry) Tj ET Q q 0 0 0 rg BT 213.25 101.10 Td (.��Such ) Tj ET Q q 0 0 0 rg BT 243.75 101.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 301.72 101.10 Td (include ) Tj ET Q q 0 0 0 rg BT 334.15 101.10 Td (dif) Tj ET Q q 0 0 0 rg BT 345.08 101.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 371.95 101.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 432.70 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 444.03 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.80 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.01 101.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 496.89 101.10 Td (at ) Tj ET Q q 0 0 0 rg BT 507.10 101.10 Td (which ) Tj ET Q q 0 0 0 rg BT 534.53 101.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.06 89.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.19 89.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 118.43 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 138.44 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 150.68 89.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 177.63 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.64 89.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 219.32 89.10 Td (at ) Tj ET Q q 0 0 0 rg BT 229.33 89.10 Td (which ) Tj ET Q q 0 0 0 rg BT 256.57 89.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 287.69 89.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 319.37 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 339.39 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 351.62 89.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 371.64 89.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.10 89.10 Td (production ) Tj ET Q q 0 0 0 rg BT 432.22 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 454.46 89.10 Td (their ) Tj ET Q q 0 0 0 rg BT 475.58 89.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 504.75 89.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.31 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.66 77.10 Td (other ) Tj ET Q q 0 0 0 rg BT 114.13 77.10 Td (matters.��) Tj ET Q q 0 0 0 rg BT 150.51 77.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 190.20 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.78 77.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 234.57 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 251.48 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 265.06 77.10 Td (have ) Tj ET Q q 0 0 0 rg BT 285.85 77.10 Td (complied ) Tj ET Q q 0 0 0 rg BT 324.98 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.67 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.81 77.10 Td (various ) Tj ET Q q 0 0 0 rg BT 390.16 77.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 410.41 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.76 77.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 475.61 77.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 534.74 77.10 Td (rulings ) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.54 713.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 124.90 713.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 157.31 713.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 206.68 713.10 Td (could ) Tj ET Q q 0 0 0 rg BT 230.50 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.54 713.10 Td (required ) Tj ET Q q 0 0 0 rg BT 276.45 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 286.38 713.10 Td (new ) Tj ET Q q 0 0 0 rg BT 304.64 713.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 364.00 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.03 713.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 426.07 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.87 713.10 Td (issued.��In ) Tj ET Q q 0 0 0 rg BT 482.30 713.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 519.18 713.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.38 701.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 116.42 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.36 701.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 193.62 701.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 225.55 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 240.26 701.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.08 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.36 701.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 324.40 701.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.90 701.10 Td (various ) Tj ET Q q 0 0 0 rg BT 368.84 701.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 399.09 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.03 701.10 Td (state ) Tj ET Q q 0 0 0 rg BT 436.86 701.10 Td (agencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 677.10 Td (13. ) Tj ET Q q 0 0 0 rg BT 86.44 677.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 134.51 677.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 170.90 677.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 196.73 677.10 Td (Details) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 653.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 77.37 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.99 653.10 Td (Other) Tj ET Q q 0 0 0 rg BT 121.36 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.86 653.10 Td (Receivables, ) Tj ET Q q 0 0 0 rg BT 178.84 653.10 Td (Net) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 616.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 616.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 616.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 616.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 616.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 586.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 586.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 586.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 556.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 556.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 556.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 629.6 m 494 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 629.6 m 498 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 629.6 m 563 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 616.6 m 425 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 629.6 m 494 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 616.6 m 494 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 629.6 m 498 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 629.6 m 563 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 616.6 m 563 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 616.6 m 494 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 616.6 m 563 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 556.6 m 494 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 556.6 m 563 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 556.6 m 494 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 542.6 m 494 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 540.6 m 494 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 556.6 m 563 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 542.6 m 563 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 540.6 m 563 540.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 633.17 Td (December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 620.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 620.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 620.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 606.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.43 606.27 Td (rade accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 606.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 606.27 Td (12,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 606.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 606.27 Td (1) Tj ET Q q 0 0 0 rg BT 536.65 606.27 Td (1,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 591.27 Td (Federal income tax receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 591.27 Td (2,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 591.27 Td (9,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 576.27 Td (Commodity derivative settlement receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 576.27 Td (675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 576.27 Td (2,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 561.27 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 561.27 Td (2,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 561.27 Td (3,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 546.27 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 546.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 546.27 Td (18,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 546.27 Td (26,970) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (Note 14. Supplemental Cash Flow Information) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 110.90 494.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 135.08 494.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 158.68 494.10 Td (Information) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 457.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 457.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 457.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 457.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 427.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 427.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 427.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 427.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 397.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 397.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 397.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 397.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 367.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 367.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 367.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 367.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 337.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 307.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 307.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 307.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 307.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 470.6 m 425 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 470.6 m 429 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 470.6 m 494 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 470.6 m 498 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 470.6 m 563 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 457.6 m 356 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 457.6 m 425 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 457.6 m 494 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 457.6 m 563 457.6 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 474.16 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 474.17 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 474.17 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 461.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 461.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 461.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 461.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 447.27 Td (Supplemental cash flow information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 447.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.00 447.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.00 447.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 432.27 Td (Cash paid for interest, expensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 432.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 432.27 Td (72,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 432.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 432.27 Td (50,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 432.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 432.27 Td (98,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 417.27 Td (Cash paid for interest, capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 417.27 Td (36,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 417.27 Td (37,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 417.27 Td (30,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 402.27 Td (Cash paid for interest, treated as a reduction of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 402.27 Td (85,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 402.27 Td (79,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 402.27 Td (50,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 387.27 Td (Cash paid for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 387.27 Td (2,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 387.27 Td (492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 387.27 Td (450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 372.27 Td (Cash received from income tax refunds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 372.27 Td (9,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 372.27 Td (8,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 372.27 Td (13,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 357.27 Td (Noncash investing and financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 357.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 357.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 342.27 Td (Increase in asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 342.27 Td (13,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 342.27 Td (4,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 342.27 Td (9,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 327.27 Td (Increase \(decrease\) in liabilities for capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 327.32 Td (\(17,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 327.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 327.27 Td (14,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 327.27 Td (3,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 312.27 Td (Conversion of convertible senior notes into common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 312.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 312.27 Td (162,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 312.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 297.27 Td (Retirement of treasury stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 297.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 297.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 297.27 Td (46,562) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 225.40 736.60 Td (Unaudited Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 117.10 701.10 Td (AL) Tj ET Q q 0 0 0 rg BT 130.44 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.94 701.10 Td (OIL) Tj ET Q q 0 0 0 rg BT 150.73 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.67 701.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 176.84 701.10 Td (NA) Tj ET Q q 0 0 0 rg BT 190.54 701.10 Td (TURAL) Tj ET Q q 0 0 0 rg BT 224.99 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.49 701.10 Td (GAS ) Tj ET Q q 0 0 0 rg BT 250.55 701.10 Td (DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 323.64 701.10 Td (\(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 75.33 677.10 Td (Incurr) Tj ET Q q 0 0 0 rg BT 103.48 677.10 Td (ed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.06 653.10 Td (following ) Tj ET Q q 0 0 0 rg BT 127.96 653.10 Td (table ) Tj ET Q q 0 0 0 rg BT 150.41 653.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 201.18 653.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 224.19 653.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 260.52 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.97 653.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 324.29 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.08 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 348.65 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.10 653.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 396.88 653.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 413.22 653.10 Td (property ) Tj ET Q q 0 0 0 rg BT 450.11 653.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 499.51 653.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 548.06 653.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (development ) Tj ET Q q 0 0 0 rg BT 105.05 641.10 Td (activities.��Property ) Tj ET Q q 0 0 0 rg BT 186.99 641.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 234.78 641.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 258.68 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 274.79 641.10 Td (those ) Tj ET Q q 0 0 0 rg BT 299.80 641.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 323.70 641.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 360.92 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.60 641.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 414.54 641.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 438.43 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.67 641.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 493.44 641.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 526.77 641.10 Td (property) Tj ET Q q 0 0 0 rg BT 560.00 641.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.75 629.10 Td (both ) Tj ET Q q 0 0 0 rg BT 110.00 629.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 163.56 629.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 203.80 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.71 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.40 629.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 273.41 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.21 629.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 319.44 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.69 629.10 Td (place.��Exploration ) Tj ET Q q 0 0 0 rg BT 407.97 629.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 430.44 629.10 Td (include ) Tj ET Q q 0 0 0 rg BT 462.35 629.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 484.82 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.62 629.10 Td (identifying ) Tj ET Q q 0 0 0 rg BT 541.97 629.10 Td (areas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.25 617.10 Td (may ) Tj ET Q q 0 0 0 rg BT 87.22 617.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 120.51 617.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 172.69 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.88 617.10 Td (examining ) Tj ET Q q 0 0 0 rg BT 234.85 617.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 268.69 617.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 291.98 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 309.73 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 324.69 617.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 370.76 617.10 Td (to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.54 617.10 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.04 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 402.67 617.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 443.19 617.10 Td (containing ) Tj ET Q q 0 0 0 rg BT 488.15 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.46 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.65 617.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 617.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 88.58 605.10 Td (including ) Tj ET Q q 0 0 0 rg BT 130.17 605.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 153.99 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.14 605.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 199.40 605.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 249.32 605.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 276.74 605.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 322.21 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.47 605.10 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 392.05 605.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 418.37 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.63 605.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 473.77 605.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 497.58 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.40 605.10 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (properties.��Development ) Tj ET Q q 0 0 0 rg BT 153.22 593.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 175.59 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.17 593.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 225.85 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.99 593.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 263.36 593.10 Td (access ) Tj ET Q q 0 0 0 rg BT 291.26 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.41 593.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 331.54 593.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 369.17 593.10 Td (including ) Tj ET Q q 0 0 0 rg BT 409.31 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.89 593.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 442.37 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.07 593.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 484.88 593.10 Td (development ) Tj ET Q q 0 0 0 rg BT 538.89 593.10 Td (wells, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.61 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.06 581.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 110.28 581.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 147.38 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.71 581.10 Td (extracting, ) Tj ET Q q 0 0 0 rg BT 206.87 581.10 Td (treating, ) Tj ET Q q 0 0 0 rg BT 242.58 581.10 Td (gathering ) Tj ET Q q 0 0 0 rg BT 283.02 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.13 581.10 Td (storing ) Tj ET Q q 0 0 0 rg BT 330.58 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.47 581.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 358.70 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.81 581.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 406.24 581.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 424.75 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.86 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.75 581.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 475.53 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.53 581.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 527.53 581.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.59 545.10 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 124.90 545.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 157.34 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 170.35 545.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 221.67 545.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 235.24 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.69 545.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 283.46 545.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 299.80 545.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 342.79 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 360.80 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 382.68 545.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 418.47 545.10 Td (development ) Tj ET Q q 0 0 0 rg BT 473.13 545.10 Td (activities.��Included ) Tj ET Q q 0 0 0 rg BT 554.72 545.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.18 533.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 108.18 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.64 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.54 533.10 Td (table ) Tj ET Q q 0 0 0 rg BT 155.66 533.10 Td (below ) Tj ET Q q 0 0 0 rg BT 182.78 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.13 533.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 238.12 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 270.24 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.25 533.10 Td ($34.1 ) Tj ET Q q 0 0 0 rg BT 306.44 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.33 533.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.51 533.10 Td ($36.5 ) Tj ET Q q 0 0 0 rg BT 365.69 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.59 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.27 533.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.39 533.10 Td ($30.8 ) Tj ET Q q 0 0 0 rg BT 439.57 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.46 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.15 533.10 Td (during ) Tj ET Q q 0 0 0 rg BT 499.94 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.84 533.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.62 533.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.71 521.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.33 521.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.33 521.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.95 521.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.95 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.07 521.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.64 521.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.64 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.26 521.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 248.92 521.10 Td (.��Costs ) Tj ET Q q 0 0 0 rg BT 281.77 521.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 318.21 521.10 Td (also ) Tj ET Q q 0 0 0 rg BT 337.44 521.10 Td (include ) Tj ET Q q 0 0 0 rg BT 370.00 521.10 Td (new ) Tj ET Q q 0 0 0 rg BT 389.78 521.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 412.34 521.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 456.55 521.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 504.12 521.10 Td (established, ) Tj ET Q q 0 0 0 rg BT 554.18 521.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (well ) Tj ET Q q 0 0 0 rg BT 69.08 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 79.78 509.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 114.35 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.50 509.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 146.30 509.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 189.75 509.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 236.56 509.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 273.92 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 295.73 509.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 334.20 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.35 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 362.82 509.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 402.40 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.09 509.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 469.33 509.10 Td (dates.��) Tj ET Q q 0 0 0 rg BT 496.83 509.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 521.41 509.10 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.72 497.10 Td (included ) Tj ET Q q 0 0 0 rg BT 133.94 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.50 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.50 497.10 Td (table ) Tj ET Q q 0 0 0 rg BT 181.71 497.10 Td (below ) Tj ET Q q 0 0 0 rg BT 208.93 497.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.14 497.10 Td ($15.2 ) Tj ET Q q 0 0 0 rg BT 256.42 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.31 497.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.59 497.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 310.87 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.76 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.54 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.76 497.10 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 380.04 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.94 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.72 497.10 Td (during ) Tj ET Q q 0 0 0 rg BT 440.61 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.60 497.10 Td (years ) Tj ET Q q 0 0 0 rg BT 479.48 497.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.14 497.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 497.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 485.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 485.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.00 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.94 485.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.94 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.94 485.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 186.60 485.10 Td (.��See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.04 485.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 232.98 485.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.98 485.10 Td (, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 242.98 485.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 266.58 485.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 286.21 485.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 312.59 485.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.81 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 364.81 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.97 485.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 421.46 485.10 Td (information.) 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0.8 rg /GS0 gs 49.00 394.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 394.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 394.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 394.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 364.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 364.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 437.6 m 424 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 437.6 m 428 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 437.6 m 493 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 437.6 m 497 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 437.6 m 562 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 424.6 m 355 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 424.6 m 424 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 424.6 m 493 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 424.6 m 562 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 349.6 m 424 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 349.6 m 493 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 349.6 m 562 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 335.6 m 424 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 333.6 m 424 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 335.6 m 493 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 333.6 m 493 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 335.6 m 562 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 333.6 m 562 333.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 441.17 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 441.17 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 441.17 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 428.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 428.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 428.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 428.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 414.27 Td (Property acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 414.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 414.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 414.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 399.27 Td (Proved) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 399.27 Td (1,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 399.27 Td (2,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 399.27 Td (75,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 384.27 Td (Unevaluated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 384.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 384.27 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 384.27 Td (15,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 369.27 Td (Exploration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 369.27 Td (2,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 369.27 Td (1,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 369.27 Td (297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 354.27 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 354.27 Td (259,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 354.27 Td (338,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 354.27 Td (274,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 339.27 Td (T) Tj ET Q q 0 0 0 rg BT 68.91 339.27 Td (otal costs incurred) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 142.22 343.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 339.27 Td (263,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 339.27 Td (341,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 339.27 Td (365,456) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 311.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 115.16 311.10 Td (general ) Tj ET Q q 0 0 0 rg BT 146.70 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.26 311.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 222.59 311.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 244.71 311.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.83 311.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 294.49 311.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 318.82 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.72 311.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 376.38 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.94 311.10 Td (development ) Tj ET Q q 0 0 0 rg BT 446.71 311.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 484.93 311.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.48 311.10 Td ($39.5 ) Tj ET Q q 0 0 0 rg BT 531.11 311.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 311.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 299.10 Td ($37.2 ) Tj ET Q q 0 0 0 rg BT 92.50 299.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.39 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.89 299.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.83 299.10 Td ($41.1 ) Tj ET Q q 0 0 0 rg BT 165.83 299.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.72 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.22 299.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.38 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.10 299.10 Td (years ) Tj ET Q q 0 0 0 rg BT 249.70 299.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.07 299.10 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 334.66 299.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.66 299.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.66 299.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.66 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.16 299.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.10 299.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 424.10 299.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 471.76 299.10 Td (.) Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 225.40 736.60 Td (Unaudited Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 713.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 119.79 713.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 138.96 713.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 185.34 713.25 Td (Results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 99.47 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.33 689.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 154.51 689.25 Td (from ) Tj ET Q q 0 0 0 rg BT 176.48 689.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 189.56 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.52 689.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 236.81 689.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 252.67 689.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 295.74 689.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 336.87 689.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 378.82 689.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 419.10 689.25 Td (overhead ) Tj ET Q q 0 0 0 rg BT 458.28 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.24 689.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 507.20 689.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 532.23 689.25 Td (were ) Tj ET Q q 0 0 0 rg BT 554.18 689.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 640.75 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 640.75 4.00 -15.00 re f 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f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 490.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 490.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 490.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 490.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 490.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 490.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 653.75 m 425 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 653.75 m 429 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 653.75 m 494 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 653.75 m 498 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 653.75 m 563 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 640.75 m 356 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 640.75 m 425 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 640.75 m 494 640.75 l s 0 0 0 RG /GS0 gs 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3 M 429 489.75 m 494 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 491.75 m 563 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 489.75 m 563 489.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.32 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 657.32 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 657.32 Td (ear Ended December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 52.50 644.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 150.05 644.31 Td (-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 644.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 644.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 644.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 630.42 Td (Oil, natural gas, and related product sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 630.42 Td (1,212,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 630.42 Td (1,422,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 630.42 Td (1,089,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.42 Td (Lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 615.42 Td (477,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 615.42 Td (489,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 615.42 Td (447,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 600.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.43 600.42 Td (ransportation and marketing expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 600.42 Td (41,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 600.42 Td (43,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 600.42 Td (44,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 585.42 Td (Production and ad valorem taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 585.42 Td (86,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 585.42 Td (96,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 585.42 Td (79,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 570.42 Td (Depletion, depreciation, and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 570.42 Td (161,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 570.42 Td (144,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 570.42 Td (134,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 555.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 66.39 553.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.64 555.42 Td ( properties and pipelines depletion and depreciation) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 276.24 559.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 555.42 Td (53,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 555.42 Td (48,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 555.42 Td (49,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 540.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 540.42 Td (70,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 540.47 Td (\(21,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 540.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 540.42 Td (77,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 525.42 Td (Net operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 525.42 Td (321,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 525.42 Td (620,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 525.42 Td (257,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.42 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 510.42 Td (80,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 510.42 Td (155,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 510.42 Td (97,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 495.42 Td (Results of operations from oil and natural gas producing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 495.42 Td (241,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 495.42 Td (465,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 495.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 495.42 Td (159,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 465.42 Td (Depletion, depreciation, and amortization per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 465.42 Td (10.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 465.42 Td (8.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 465.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 465.42 Td (8.36) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.58 437.25 Td (an ) Tj ET Q q 0 0 0 rg BT 125.22 437.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 166.86 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.39 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.81 437.25 Td (depletion ) Tj ET Q q 0 0 0 rg BT 231.23 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.87 437.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 299.50 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.03 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.57 437.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 339.46 435.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.71 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 344.91 437.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 387.10 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.75 437.25 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 442.05 437.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 485.35 437.25 Td (with ) Tj ET Q q 0 0 0 rg BT 505.33 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 520.87 437.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.95 437.25 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 110.55 425.25 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 401.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 119.79 401.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 138.96 401.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 377.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 85.56 377.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 116.95 377.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.13 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.19 377.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 180.58 377.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 197.53 377.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 230.02 377.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 270.86 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 286.14 377.25 Td (all ) Tj ET Q q 0 0 0 rg BT 299.76 377.25 Td (years ) Tj ET Q q 0 0 0 rg BT 324.48 377.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 366.42 377.25 Td (were ) Tj ET Q q 0 0 0 rg BT 389.47 377.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 428.07 377.25 Td (by ) Tj ET Q q 0 0 0 rg BT 441.69 377.25 Td (DeGolyer ) Tj ET Q q 0 0 0 rg BT 484.75 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.81 377.25 Td (MacNaughton, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 101.07 365.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 144.32 365.25 Td (engineers ) Tj ET Q q 0 0 0 rg BT 185.33 365.25 Td (located ) Tj ET Q q 0 0 0 rg BT 216.91 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.39 365.25 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 257.94 365.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.35 365.25 Td (exas.��) Tj ET Q q 0 0 0 rg BT 288.44 365.25 Td (These ) Tj ET Q q 0 0 0 rg BT 315.02 365.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.28 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.42 365.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 375.88 365.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 391.91 365.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 423.48 365.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 463.40 365.25 Td (do ) Tj ET Q q 0 0 0 rg BT 476.10 365.25 Td (not ) Tj ET Q q 0 0 0 rg BT 491.58 365.25 Td (include ) Tj ET Q q 0 0 0 rg BT 523.71 365.25 Td (any ) Tj ET Q q 0 0 0 rg BT 540.85 365.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.97 353.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 101.77 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 112.91 353.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 148.50 353.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 184.07 353.25 Td (that ) Tj ET Q q 0 0 0 rg BT 201.88 353.25 Td (may ) Tj ET Q q 0 0 0 rg BT 221.91 353.25 Td (exist, ) Tj ET Q q 0 0 0 rg BT 246.10 353.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 262.25 353.25 Td (do ) Tj ET Q q 0 0 0 rg BT 275.06 353.25 Td (they ) Tj ET Q q 0 0 0 rg BT 295.08 353.25 Td (include ) Tj ET Q q 0 0 0 rg BT 327.33 353.25 Td (any ) Tj ET Q q 0 0 0 rg BT 344.58 353.25 Td (value ) Tj ET Q q 0 0 0 rg BT 369.05 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 383.52 353.25 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 437.42 353.25 Td (acreage.��) Tj ET Q q 0 0 0 rg BT 475.27 353.25 Td (The ) Tj ET Q q 0 0 0 rg BT 493.62 353.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 525.30 353.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 87.95 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.08 341.25 Td (net ) Tj ET Q q 0 0 0 rg BT 117.09 341.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 150.54 341.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 181.78 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.35 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.49 341.25 Td (properties.��See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 270.21 341.25 Td (Standar) Tj ET Q q 0 0 0 rg BT 301.51 341.25 Td (dized ) Tj ET Q q 0 0 0 rg BT 324.42 341.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 354.60 341.25 Td (e ) Tj ET Q q 0 0 0 rg BT 360.84 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.42 341.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 417.76 341.25 Td (Futur) Tj ET Q q 0 0 0 rg BT 440.17 341.25 Td (e ) Tj ET Q q 0 0 0 rg BT 446.41 341.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 462.10 341.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 484.46 341.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 510.71 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.51 341.25 Td (Changes ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (Ther) Tj ET Q q 0 0 0 rg BT 68.02 329.25 Td (ein ) Tj ET Q q 0 0 0 rg BT 83.03 329.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 119.71 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.28 329.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 139.91 329.25 Td (oved ) Tj ET Q q 0 0 0 rg BT 161.58 329.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 177.16 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.95 329.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 228.87 329.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 247.78 329.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.31 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.11 329.25 Td (below ) Tj ET Q q 0 0 0 rg BT 313.34 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.80 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.03 329.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 379.50 329.25 Td (of ) Tj ET Q 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367.47 317.25 Td (future ) Tj ET Q q 0 0 0 rg BT 394.51 317.25 Td (development ) Tj ET Q q 0 0 0 rg BT 449.33 317.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 472.50 317.25 Td (were ) Tj ET Q q 0 0 0 rg BT 495.09 317.25 Td (based ) Tj ET Q q 0 0 0 rg BT 521.03 317.25 Td (on ) Tj ET Q q 0 0 0 rg BT 534.19 317.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.00 305.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.83 305.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.66 305.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 152.24 305.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.24 305.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.25 Td (There ) Tj ET Q q 0 0 0 rg BT 93.93 281.25 Td (are ) Tj ET Q q 0 0 0 rg BT 109.25 281.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 151.81 281.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 206.01 281.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 241.89 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.78 281.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 297.56 281.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 339.56 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.00 281.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 381.88 281.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 417.76 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.31 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 446.21 281.25 Td (projecting ) Tj ET Q q 0 0 0 rg BT 489.86 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.20 281.25 Td (future ) Tj ET Q q 0 0 0 rg BT 532.19 281.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 554.18 281.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (production ) Tj ET Q q 0 0 0 rg BT 96.29 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0 0 rg BT 558.06 233.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (field-by-field ) Tj ET Q q 0 0 0 rg BT 105.15 221.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 127.49 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 139.83 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.38 221.25 Td (first ) Tj ET Q q 0 0 0 rg BT 172.83 221.25 Td (day ) Tj ET Q q 0 0 0 rg BT 189.61 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.28 221.25 Td (each ) Tj ET Q q 0 0 0 rg BT 220.93 221.25 Td (month ) Tj ET Q q 0 0 0 rg BT 248.83 221.25 Td (within ) Tj ET Q q 0 0 0 rg BT 276.72 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.28 221.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 334.71 221.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 358.70 221.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 399.92 221.25 Td (period.��) Tj ET Q q 0 0 0 rg BT 432.42 221.25 Td (All ) Tj ET Q q 0 0 0 rg BT 447.54 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.21 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 473.88 221.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 508.97 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.52 221.25 Td (located ) Tj ET Q q 0 0 0 rg BT 554.73 221.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 209.25 Td (United ) Tj ET Q q 0 0 0 rg BT 93.93 209.25 Td (States.) 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gs 474.00 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 516.00 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 520.00 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 559.75 99.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 152.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 194.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 198.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 332.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 336.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 470.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 474.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 516.00 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 520.00 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 513.75 99.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 152.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 194.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 198.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 332.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 336.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 470.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 474.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 516.00 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 520.00 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 484.75 99.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 152.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 194.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 198.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 332.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 336.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 470.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 474.00 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 516.00 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 520.00 484.75 42.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 688.75 m 194 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 688.75 m 198 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 688.75 m 240 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 688.75 m 244 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 688.75 m 286 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 688.75 m 290 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 688.75 m 332 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 688.75 m 336 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 688.75 m 378 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 688.75 m 382 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 688.75 m 424 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 688.75 m 428 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 688.75 m 470 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 688.75 m 474 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 688.75 m 516 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 688.75 m 520 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 688.75 m 562 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 674.75 m 194 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 674.75 m 198 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 674.75 m 240 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 674.75 m 244 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 674.75 m 286 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 674.75 m 332 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 674.75 m 336 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 674.75 m 378 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 674.75 m 382 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 674.75 m 424 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 674.75 m 470 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 674.75 m 474 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 674.75 m 516 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 674.75 m 520 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 674.75 m 562 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 674.75 m 194 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 651.75 m 194 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 651.75 m 240 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 651.75 m 286 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 651.75 m 332 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 651.75 m 378 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 651.75 m 424 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 651.75 m 470 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 651.75 m 516 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 651.75 m 562 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 651.75 m 194 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 651.75 m 198 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 651.75 m 240 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 651.75 m 244 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 651.75 m 286 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 651.75 m 332 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 651.75 m 336 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 651.75 m 378 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 651.75 m 382 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 651.75 m 424 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 513.75 m 194 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 513.75 m 240 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 513.75 m 286 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 513.75 m 332 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 513.75 m 378 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 513.75 m 424 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 513.75 m 470 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 513.75 m 516 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 513.75 m 562 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 513.75 m 194 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 500.75 m 194 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 498.75 m 194 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 513.75 m 240 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 500.75 m 240 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 498.75 m 240 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 513.75 m 286 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 500.75 m 286 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 498.75 m 286 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 500.75 m 332 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 498.75 m 332 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 513.75 m 378 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 500.75 m 378 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 498.75 m 378 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 513.75 m 424 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 500.75 m 424 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 498.75 m 424 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 513.75 m 470 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 500.75 m 470 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 498.75 m 470 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 513.75 m 516 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 500.75 m 516 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 498.75 m 516 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 513.75 m 562 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 500.75 m 562 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 498.75 m 562 498.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 693.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.20 693.21 Td (Y) Tj ET Q q 0 0 0 rg BT 315.25 693.21 Td (ear Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 679.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.50 679.21 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.50 679.21 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 679.21 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.70 665.21 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.00 656.21 Td (\(MBbl\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.50 665.21 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 656.21 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.30 665.21 Td (T) Tj ET Q q 0 0 0 rg BT 260.48 665.21 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.50 656.21 Td (\(MBOE\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.70 665.21 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.00 656.21 Td (\(MBbl\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.50 665.21 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.00 656.21 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.30 665.21 Td (T) Tj ET Q q 0 0 0 rg BT 398.48 665.21 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 656.21 Td (\(MBOE\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.70 665.21 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.00 656.21 Td (\(MBbl\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 665.21 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.00 656.21 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.30 665.21 Td (T) Tj ET Q q 0 0 0 rg BT 536.17 665.21 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.50 656.21 Td (\(MBOE\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 642.21 Td (Balance at beginning of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 633.21 Td (year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.25 633.21 Td (255,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.75 633.21 Td (43,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.25 633.21 Td (262,210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.25 633.21 Td (252,625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 633.21 Td (42,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 633.21 Td (259,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 633.21 Td (247,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 633.21 Td (44,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 633.21 Td (254,489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 619.21 Td (Revisions of previous) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 610.21 Td (estimates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.25 610.21 Td (\(6,799) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.50 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 610.21 Td (\(15,299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.50 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.25 610.21 Td (\(9,348) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.50 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 610.21 Td (21,658) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.25 610.21 Td (6,1) Tj ET Q q 0 0 0 rg BT 365.50 610.21 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 610.21 Td (22,677) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 610.21 Td (14,352) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.25 610.21 Td (2,541) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 610.21 Td (14,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 587.21 Td (Improved recovery) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 120.22 591.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.00 587.21 Td (977) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.50 587.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.00 587.21 Td (977) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.25 587.21 Td (2,314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.00 587.21 Td (\(157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.50 587.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 587.21 Td (2,288) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 587.21 Td (1,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.50 587.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 587.21 Td (1,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 564.21 Td (Production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.75 564.21 Td (\(20,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 564.21 Td (\(3,375) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.75 564.21 Td (\(21,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.75 564.21 Td (\(21,364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.25 564.21 Td (\(3,962) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 564.21 Td (\(22,024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 564.21 Td (\(21,320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 564.21 Td (\(4,135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 564.21 Td (\(22,009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 550.21 Td (Acquisition of minerals) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 541.21 Td (in place) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 181.50 541.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.50 541.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.50 541.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.50 541.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 541.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 541.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 541.21 Td (10,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.50 541.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 541.21 Td (10,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 518.21 Td (Sales of minerals in place) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.25 518.21 Td (\(2,402) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.50 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.50 518.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.25 518.21 Td (\(2,402) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.50 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 518.21 Td (\(191) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.25 518.21 Td (\(1,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.50 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.00 518.21 Td (\(476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 518.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.50 518.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 518.21 Td (�) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 504.21 Td (Balance at end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.25 504.21 Td (226,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.75 504.21 Td (24,334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.25 504.21 Td (230,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.25 504.21 Td (255,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 504.21 Td (43,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 504.21 Td (262,210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 504.21 Td (252,625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 504.21 Td (42,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 504.21 Td (259,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 475.21 Td (Proved Developed) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 466.21 Td (Reserves � end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.25 466.21 Td (202,816) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.75 466.21 Td (24,333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.25 466.21 Td (206,872) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.25 466.21 Td (222,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 466.21 Td (42,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 466.21 Td (229,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 466.21 Td (222,531) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.75 466.21 Td (42,435) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 466.21 Td (229,603) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 452.21 Td (Proved Undeveloped) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 443.21 Td (Reserves � end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.75 443.21 Td (23,317) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 443.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.75 443.21 Td (23,317) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.75 443.21 Td (32,306) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 443.21 Td (96) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 443.21 Td (32,322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 443.21 Td (30,094) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 443.21 Td (286) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 443.21 Td (30,142) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 415.25 Td (Improved ) Tj ET Q q 0 0 0 rg BT 109.27 415.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 147.14 415.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 179.46 415.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 211.22 415.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 250.78 415.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.67 415.25 Td (result ) Tj ET Q q 0 0 0 rg BT 293.78 415.25 Td (from ) Tj ET Q q 0 0 0 rg BT 316.12 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.23 415.25 Td (application ) Tj ET Q q 0 0 0 rg BT 378.55 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.77 415.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 433.21 415.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 471.08 415.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 507.86 415.25 Td (such ) Tj ET Q q 0 0 0 rg BT 529.08 415.25 Td (as ) Tj ET Q q 0 0 0 rg BT 540.31 415.25 Td (water ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 403.25 Td (flooding ) Tj ET Q q 0 0 0 rg BT 103.49 403.25 Td (or ) Tj ET Q q 0 0 0 rg BT 113.92 403.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 144.90 403.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 181.98 403.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 217.97 403.25 Td (such ) Tj ET Q q 0 0 0 rg BT 238.40 403.25 Td (as ) Tj ET Q q 0 0 0 rg BT 248.84 403.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 262.73 401.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.98 403.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.08 403.25 Td (flooding. ) Tj ET Q q 0 0 0 rg BT 306.57 403.25 Td (�In ) Tj ET Q q 0 0 0 rg BT 319.50 403.25 Td (order ) Tj ET Q q 0 0 0 rg BT 342.71 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.59 403.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 393.55 403.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 423.43 403.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 454.40 403.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 467.06 403.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 504.42 403.25 Td (we ) Tj ET Q q 0 0 0 rg BT 518.19 403.25 Td (must ) Tj ET Q q 0 0 0 rg BT 539.74 403.25 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 391.25 Td (have ) Tj ET Q q 0 0 0 rg BT 88.60 391.25 Td (an ) Tj ET Q q 0 0 0 rg BT 100.27 391.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 113.05 391.25 Td (production ) Tj ET Q q 0 0 0 rg BT 158.60 391.25 Td (response ) Tj ET Q q 0 0 0 rg BT 195.82 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.83 391.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.72 389.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.97 391.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.19 391.25 Td (injections ) Tj ET Q q 0 0 0 rg BT 266.30 391.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.86 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.30 391.25 Td (field ) Tj ET Q q 0 0 0 rg BT 311.85 391.25 Td (must ) Tj ET Q q 0 0 0 rg BT 333.53 391.25 Td (be ) Tj ET Q q 0 0 0 rg BT 345.19 391.25 Td (analogous ) Tj ET Q q 0 0 0 rg BT 387.97 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.97 391.25 Td (an ) Tj ET Q q 0 0 0 rg BT 409.64 391.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 443.53 391.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 474.63 391.25 Td (flood. ) Tj ET Q q 0 0 0 rg BT 500.46 391.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.53 391.25 Td (The ) Tj ET Q q 0 0 0 rg BT 520.30 391.25 Td (magnitude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.85 379.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 109.65 379.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 145.43 379.25 Td (that ) Tj ET Q q 0 0 0 rg BT 163.45 379.25 Td (we ) Tj ET Q q 0 0 0 rg BT 178.14 379.25 Td (can ) Tj ET Q q 0 0 0 rg BT 195.04 379.25 Td (book ) Tj ET Q q 0 0 0 rg BT 218.06 379.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.87 379.25 Td (any ) Tj ET Q q 0 0 0 rg BT 246.33 379.25 Td (given ) Tj ET Q q 0 0 0 rg BT 271.57 379.25 Td (year ) Tj ET Q q 0 0 0 rg BT 291.80 379.25 Td (will ) Tj ET Q q 0 0 0 rg BT 310.39 379.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 342.29 379.25 Td (on ) Tj ET Q q 0 0 0 rg BT 355.31 379.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.67 379.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 408.57 379.25 Td (with ) Tj ET Q q 0 0 0 rg BT 429.38 379.25 Td (new ) Tj ET Q q 0 0 0 rg BT 449.06 379.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 477.09 379.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.55 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.79 379.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 538.93 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 379.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 367.25 Td (production ) Tj ET Q q 0 0 0 rg BT 113.33 367.25 Td (response. ) Tj ET Q q 0 0 0 rg BT 153.32 367.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 343.25 Td (Revisions ) Tj ET Q q 0 0 0 rg BT 108.42 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.21 343.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 154.12 343.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 192.80 343.25 Td (during ) Tj ET Q q 0 0 0 rg BT 220.37 343.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 244.34 343.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 268.31 343.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.21 343.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 305.68 343.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 344.36 343.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 371.36 343.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 405.03 343.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.28 343.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 461.30 343.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 486.64 343.25 Td (between ) Tj ET Q q 0 0 0 rg BT 521.43 343.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.50 331.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 87.00 331.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.94 331.25 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 307.25 Td (There ) Tj ET Q q 0 0 0 rg BT 93.41 307.25 Td (were ) Tj ET Q q 0 0 0 rg BT 115.43 307.25 Td (no ) Tj ET Q q 0 0 0 rg BT 128.03 307.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 172.84 307.25 Td (additions, ) Tj ET Q q 0 0 0 rg BT 214.60 307.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 256.63 307.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 306.99 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.92 307.25 Td (minerals ) Tj ET Q q 0 0 0 rg BT 354.95 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.32 307.25 Td (place ) Tj ET Q q 0 0 0 rg BT 389.01 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.38 307.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 424.48 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.85 307.25 Td (our ) Tj ET Q q 0 0 0 rg BT 450.78 307.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 463.93 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.96 307.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 511.32 307.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 527.25 307.25 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.31 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.01 295.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 119.70 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.51 295.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 160.75 295.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 195.99 295.25 Td (that ) Tj ET Q q 0 0 0 rg BT 213.47 295.25 Td (we ) Tj ET Q q 0 0 0 rg BT 227.61 295.25 Td (can ) Tj ET Q q 0 0 0 rg BT 243.96 295.25 Td (book ) Tj ET Q q 0 0 0 rg BT 266.44 295.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.70 295.25 Td (any ) Tj ET Q q 0 0 0 rg BT 293.62 295.25 Td (given ) Tj ET Q q 0 0 0 rg BT 318.32 295.25 Td (year ) Tj ET Q q 0 0 0 rg BT 338.00 295.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 373.25 295.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.73 295.25 Td (our ) Tj ET Q q 0 0 0 rg BT 401.54 295.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 437.90 295.25 Td (with ) Tj ET Q q 0 0 0 rg BT 458.16 295.25 Td (new ) Tj ET Q q 0 0 0 rg BT 477.30 295.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 504.78 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.70 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.39 295.25 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.20 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.80 283.25 Td (production ) Tj ET Q q 0 0 0 rg BT 120.50 283.25 Td (response, ) Tj ET Q q 0 0 0 rg BT 160.36 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.17 283.25 Td (we ) Tj ET Q q 0 0 0 rg BT 191.21 283.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 226.35 283.25 Td (no ) Tj ET Q q 0 0 0 rg BT 238.73 283.25 Td (new ) Tj ET Q q 0 0 0 rg BT 257.76 283.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 285.13 283.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.29 283.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 320.16 283.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 342.54 283.25 Td (or ) Tj ET Q q 0 0 0 rg BT 353.24 283.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 378.12 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.97 283.25 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 432.90 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.60 283.25 Td (minerals ) Tj ET Q q 0 0 0 rg BT 480.41 283.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.56 283.25 Td (place ) Tj ET Q q 0 0 0 rg BT 514.03 283.25 Td (during ) Tj ET Q q 0 0 0 rg BT 542.51 283.25 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.25 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 271.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 111.14 271.25 Td (related ) Tj ET Q q 0 0 0 rg BT 140.84 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.12 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 166.95 271.25 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 222.21 271.25 Td (working ) Tj ET Q q 0 0 0 rg BT 258.04 271.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 289.97 271.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 340.24 271.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.52 271.25 Td (Salt ) Tj ET Q q 0 0 0 rg BT 368.58 271.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 394.95 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.71 271.25 Td (W) Tj ET Q q 0 0 0 rg BT 420.35 271.25 Td (est ) Tj ET Q q 0 0 0 rg BT 433.59 271.25 Td (Y) Tj ET Q q 0 0 0 rg BT 439.81 271.25 Td (ellow ) Tj ET Q q 0 0 0 rg BT 464.52 271.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 490.90 271.25 Td (fields.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 247.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 109.72 247.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 142.31 247.25 Td (e ) Tj ET Q q 0 0 0 rg BT 149.74 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.06 247.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 211.83 247.25 Td (Futur) Tj ET Q q 0 0 0 rg BT 236.65 247.25 Td (e ) Tj ET Q q 0 0 0 rg BT 244.08 247.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 262.06 247.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 286.72 247.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 314.71 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.82 247.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 373.27 247.25 Td (Ther) Tj ET Q q 0 0 0 rg BT 394.20 247.25 Td (ein ) Tj ET Q q 0 0 0 rg BT 409.97 247.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 449.07 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.39 247.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 470.75 247.25 Td (oved ) Tj ET Q q 0 0 0 rg BT 493.74 247.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 510.07 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.18 247.25 Td (Natural ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 235.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 68.67 235.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 211.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.81 211.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 140.78 211.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 177.97 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.06 211.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 237.37 211.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 266.25 211.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 283.45 211.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 306.21 211.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 333.43 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.63 211.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 387.63 211.25 Td (Therein ) Tj ET Q q 0 0 0 rg BT 421.49 211.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 458.14 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.68 211.25 Td (Proved ) Tj ET Q q 0 0 0 rg BT 499.77 211.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 515.31 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 211.25 Td (Natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 67.13 199.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 105.32 199.25 Td (\(�Standardized ) Tj ET Q q 0 0 0 rg BT 167.37 199.25 Td (Measure�\) ) Tj ET Q q 0 0 0 rg BT 211.65 199.25 Td (does ) Tj ET Q q 0 0 0 rg BT 232.06 199.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.92 199.25 Td (purport ) Tj ET Q q 0 0 0 rg BT 278.44 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.30 199.25 Td (present ) Tj ET Q q 0 0 0 rg BT 319.26 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.56 199.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 349.52 199.25 Td (market ) Tj ET Q q 0 0 0 rg BT 379.37 199.25 Td (value ) Tj ET Q q 0 0 0 rg BT 403.11 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.52 199.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.93 199.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 441.57 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.09 199.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 487.94 199.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 503.35 199.25 Td (properties.��) Tj ET Q q 0 0 0 rg BT 550.28 199.25 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.89 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.29 187.25 Td (such ) Tj ET Q q 0 0 0 rg BT 118.68 187.25 Td (value ) Tj ET Q q 0 0 0 rg BT 143.41 187.25 Td (should ) Tj ET Q q 0 0 0 rg BT 173.15 187.25 Td (consider) Tj ET Q q 0 0 0 rg BT 206.62 187.25 Td (, ) Tj ET Q q 0 0 0 rg BT 212.19 187.25 Td (among ) Tj ET Q q 0 0 0 rg BT 242.47 187.25 Td (other ) Tj ET Q q 0 0 0 rg BT 266.09 187.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 298.86 187.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 345.80 187.25 Td (future ) Tj ET Q q 0 0 0 rg BT 372.74 187.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 399.69 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.09 187.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 424.71 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.22 187.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.05 187.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 491.95 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.23 187.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 554.18 187.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 94.12 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.43 175.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 135.06 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.92 175.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 182.12 175.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 213.42 175.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 252.21 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.96 175.25 Td (value ) Tj ET Q q 0 0 0 rg BT 293.15 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.01 175.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 343.53 175.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 379.82 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.79 175.25 Td (acreage ) Tj ET Q q 0 0 0 rg BT 431.85 175.25 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 475.65 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.62 175.25 Td (perhaps ) Tj ET Q q 0 0 0 rg BT 528.25 175.25 Td (dif) Tj ET Q q 0 0 0 rg BT 539.18 175.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.03 163.25 Td (rates.��It ) Tj ET Q q 0 0 0 rg BT 121.17 163.25 Td (should ) Tj ET Q q 0 0 0 rg BT 150.48 163.25 Td (be ) Tj ET Q q 0 0 0 rg BT 162.57 163.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 187.43 163.25 Td (that ) Tj ET Q q 0 0 0 rg BT 205.07 163.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 244.93 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.91 163.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 287.42 163.25 Td (quantities, ) Tj ET Q q 0 0 0 rg BT 331.45 163.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 374.08 163.25 Td (from ) Tj ET Q q 0 0 0 rg BT 396.16 163.25 Td (new ) Tj ET Q q 0 0 0 rg BT 415.47 163.25 Td (discoveries, ) Tj ET Q q 0 0 0 rg BT 465.60 163.25 Td (are ) Tj ET Q q 0 0 0 rg BT 480.45 163.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 523.64 163.25 Td (imprecise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 151.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 97.26 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.54 151.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 152.82 151.25 Td (revision.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 127.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.63 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.98 127.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 163.31 127.25 Td (Measure, ) Tj ET Q q 0 0 0 rg BT 202.38 127.25 Td (future ) Tj ET Q q 0 0 0 rg BT 228.39 127.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.29 127.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 280.43 127.25 Td (were ) Tj ET Q q 0 0 0 rg BT 301.99 127.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 342.45 127.25 Td (by ) Tj ET Q q 0 0 0 rg BT 354.58 127.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 391.72 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.29 127.25 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 490.40 127.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 531.42 127.25 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.25 Td (price ) Tj ET Q q 0 0 0 rg BT 71.55 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.39 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.68 115.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 136.06 115.25 Td (future ) Tj ET Q q 0 0 0 rg BT 162.00 115.25 Td (production ) Tj ET Q q 0 0 0 rg BT 207.40 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.79 115.25 Td (year) Tj ET Q q 0 0 0 rg BT 234.80 115.25 Td (-end ) Tj ET Q q 0 0 0 rg BT 254.63 115.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 284.47 115.25 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 324.54 115.25 Td (These ) Tj ET Q q 0 0 0 rg BT 350.49 115.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 376.43 115.25 Td (have ) Tj ET Q q 0 0 0 rg BT 397.37 115.25 Td (a ) Tj ET Q q 0 0 0 rg BT 403.88 115.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 448.15 115.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 477.43 115.25 Td (on ) Tj ET Q q 0 0 0 rg BT 489.50 115.25 Td (both ) Tj ET Q q 0 0 0 rg BT 509.34 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 115.25 Td (quantities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.17 103.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.05 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.61 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.06 103.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 145.05 103.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 182.54 103.25 Td (as ) Tj ET Q q 0 0 0 rg BT 193.10 103.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 236.99 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.99 103.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 259.78 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.45 103.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 306.44 103.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 322.00 103.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 348.10 103.25 Td (can ) Tj ET Q q 0 0 0 rg BT 364.21 103.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 388.65 103.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 411.98 103.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.99 103.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 445.86 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.31 103.25 Td (end ) Tj ET Q q 0 0 0 rg BT 476.98 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.54 103.25 Td (their ) Tj ET Q q 0 0 0 rg BT 508.09 103.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 549.19 103.25 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.25 Td (much ) Tj ET Q q 0 0 0 rg BT 73.56 91.25 Td (sooner ) Tj ET Q q 0 0 0 rg BT 102.06 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 91.25 Td (can ) Tj ET Q q 0 0 0 rg BT 134.06 91.25 Td (make ) Tj ET Q q 0 0 0 rg BT 157.56 91.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 186.60 91.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 216.21 91.25 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 269.15 91.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 307.10 91.25 Td (uneconomical, ) Tj ET Q q 0 0 0 rg BT 367.53 91.25 Td (both ) Tj ET Q q 0 0 0 rg BT 387.15 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.32 91.25 Td (which ) Tj ET Q q 0 0 0 rg BT 423.60 91.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 452.09 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.15 91.25 Td (reserves.��) Tj ET Q q 0 0 0 rg BT 506.23 91.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.62 91.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.25 Td (representative ) Tj ET Q q 0 0 0 rg BT 108.11 79.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.20 79.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.17 79.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 168.46 79.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.33 79.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 210.74 79.25 Td (were ) Tj ET Q q 0 0 0 rg BT 232.70 79.25 Td (used ) Tj ET Q q 0 0 0 rg BT 253.56 79.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.87 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.62 79.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 333.35 79.25 Td (Measure.��) Tj ET Q q 0 0 0 rg BT 375.10 79.25 Td (These ) Tj ET Q q 0 0 0 rg BT 401.51 79.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 427.92 79.25 Td (were ) Tj ET Q q 0 0 0 rg BT 449.88 79.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 485.73 79.25 Td (by ) Tj ET Q q 0 0 0 rg BT 498.26 79.25 Td (field ) Tj ET Q q 0 0 0 rg BT 519.12 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.43 79.25 Td (arrive ) Tj ET Q q 0 0 0 rg BT 555.28 79.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 67.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 67.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 112.25 67.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 152.50 67.25 Td (net ) Tj ET Q q 0 0 0 rg BT 167.22 67.25 Td (price.) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 225.40 736.60 Td (Unaudited Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (100) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 693.50 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 693.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 693.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 693.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 693.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 693.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 693.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 706.5 m 424 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 706.5 m 428 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 706.5 m 493 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 706.5 m 497 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 706.5 m 562 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 693.5 m 424 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 693.5 m 493 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 693.5 m 562 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 693.5 m 424 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 693.5 m 493 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 693.5 m 562 693.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 710.07 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.95 710.07 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 697.07 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 697.07 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 697.07 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 697.07 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 683.17 Td (Oil \(NYMEX price per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 683.17 Td (55.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 683.17 Td (65.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 683.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 683.17 Td (51.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 668.17 Td (Natural Gas \(Henry Hub price per MMBtu\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 668.17 Td (2.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 668.17 Td (3.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 668.17 Td (2.98) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 640.00 Td (The ) Tj ET Q q 0 0 0 rg BT 86.33 640.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 121.81 640.00 Td (in ) Tj ET Q q 0 0 0 rg BT 132.87 640.00 Td (the ) Tj ET Q q 0 0 0 rg BT 148.37 640.00 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 203.85 640.00 Td (Measure ) Tj ET Q q 0 0 0 rg BT 241.56 640.00 Td (of ) Tj ET Q q 0 0 0 rg BT 253.17 640.00 Td (discounted ) Tj ET Q q 0 0 0 rg BT 299.78 640.00 Td (future ) Tj ET Q q 0 0 0 rg BT 326.93 640.00 Td (net ) Tj ET Q q 0 0 0 rg BT 342.43 640.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 363.48 640.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 388.98 640.00 Td (in ) Tj ET Q q 0 0 0 rg BT 400.04 640.00 Td (the ) Tj ET Q q 0 0 0 rg BT 415.54 640.00 Td (tables ) Tj ET Q q 0 0 0 rg BT 442.14 640.00 Td (that ) Tj ET Q q 0 0 0 rg BT 460.42 640.00 Td (follow ) Tj ET Q q 0 0 0 rg BT 489.81 640.00 Td (were ) Tj ET Q q 0 0 0 rg BT 512.52 640.00 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.00 Td (impacted ) Tj ET Q q 0 0 0 rg BT 88.36 628.00 Td (by ) Tj ET Q q 0 0 0 rg BT 100.56 628.00 Td (the ) Tj ET Q q 0 0 0 rg BT 114.99 628.00 Td (movement ) Tj ET Q q 0 0 0 rg BT 159.40 628.00 Td (in ) Tj ET Q q 0 0 0 rg BT 169.39 628.00 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 261.56 628.00 Td (average ) Tj ET Q q 0 0 0 rg BT 294.85 628.00 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 333.73 628.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 346.49 628.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 372.57 628.00 Td (between ) Tj ET Q q 0 0 0 rg BT 408.09 628.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 430.30 628.00 Td (and ) Tj ET Q q 0 0 0 rg BT 446.94 628.00 Td (2019. ) Tj ET Q q 0 0 0 rg BT 471.65 628.00 Td ( ) Tj ET Q q 0 0 0 rg BT 473.70 628.00 Td (The ) Tj ET Q q 0 0 0 rg BT 491.45 628.00 Td (weighted-average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 63.96 616.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 91.74 616.00 Td (we ) Tj ET Q q 0 0 0 rg BT 107.31 616.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 140.07 616.00 Td (relative ) Tj ET Q q 0 0 0 rg BT 173.96 616.00 Td (to ) Tj ET Q q 0 0 0 rg BT 185.64 616.00 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 226.21 616.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 240.67 616.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 268.45 616.00 Td (\(our ) Tj ET Q q 0 0 0 rg BT 289.01 616.00 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 329.58 616.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.04 616.00 Td (price ) Tj ET Q q 0 0 0 rg BT 367.93 616.00 Td (dif) Tj ET Q q 0 0 0 rg BT 378.86 616.00 Td (ferential\) ) Tj ET Q q 0 0 0 rg BT 419.40 616.00 Td (utilized ) Tj ET Q q 0 0 0 rg BT 453.30 616.00 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.63 616.00 Td ($0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.13 616.00 Td ( ) Tj ET Q q 0 0 0 rg BT 503.03 616.00 Td (per ) Tj ET Q q 0 0 0 rg BT 519.71 616.00 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 538.06 616.00 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.00 Td (representative ) Tj ET Q q 0 0 0 rg BT 108.05 604.00 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 147.19 604.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 160.22 604.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 186.57 604.00 Td (as ) Tj ET Q q 0 0 0 rg BT 197.37 604.00 Td (of ) Tj ET Q q 0 0 0 rg BT 208.18 604.00 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 266.73 604.00 Td (2019, ) Tj ET Q q 0 0 0 rg BT 291.71 604.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 333.60 604.00 Td (to ) Tj ET Q q 0 0 0 rg BT 343.86 604.00 Td ($0.24 ) Tj ET Q q 0 0 0 rg BT 368.83 604.00 Td (per ) Tj ET Q q 0 0 0 rg BT 384.07 604.00 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 400.99 604.00 Td (below ) Tj ET Q q 0 0 0 rg BT 427.90 604.00 Td (representative ) Tj ET Q q 0 0 0 rg BT 486.46 604.00 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 525.59 604.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 538.62 604.00 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.00 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 592.00 Td (of ) Tj ET Q q 0 0 0 rg BT 71.16 592.00 Td (December ) Tj ET Q q 0 0 0 rg BT 114.74 592.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 129.74 592.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 154.74 592.00 Td (and ) Tj ET Q q 0 0 0 rg BT 171.68 592.00 Td ($2.25 ) Tj ET Q q 0 0 0 rg BT 196.68 592.00 Td (per ) Tj ET Q q 0 0 0 rg BT 211.95 592.00 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 228.90 592.00 Td (below ) Tj ET Q q 0 0 0 rg BT 255.84 592.00 Td (representative ) Tj ET Q q 0 0 0 rg BT 314.42 592.00 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 353.58 592.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 366.64 592.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 393.02 592.00 Td (as ) Tj ET Q q 0 0 0 rg BT 403.85 592.00 Td (of ) Tj ET Q q 0 0 0 rg BT 414.68 592.00 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 473.26 592.00 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 568.00 Td (Future ) Tj ET Q q 0 0 0 rg BT 95.63 568.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.42 568.00 Td (inflows ) Tj ET Q q 0 0 0 rg BT 147.45 568.00 Td (were ) Tj ET Q q 0 0 0 rg BT 168.90 568.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 202.57 568.00 Td (by ) Tj ET Q q 0 0 0 rg BT 214.59 568.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 254.94 568.00 Td (future ) Tj ET Q q 0 0 0 rg BT 280.84 568.00 Td (production, ) Tj ET Q q 0 0 0 rg BT 328.69 568.00 Td (development ) Tj ET Q q 0 0 0 rg BT 382.36 568.00 Td (and ) Tj ET Q q 0 0 0 rg BT 398.83 568.00 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 454.72 568.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 476.75 568.00 Td (based ) Tj ET Q q 0 0 0 rg BT 501.54 568.00 Td (on ) Tj ET Q q 0 0 0 rg BT 513.56 568.00 Td (current ) Tj ET Q q 0 0 0 rg BT 543.90 568.00 Td (cost, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.00 Td (with ) Tj ET Q q 0 0 0 rg BT 68.75 556.00 Td (no ) Tj ET Q q 0 0 0 rg BT 80.21 556.00 Td (escalation ) Tj ET Q q 0 0 0 rg BT 121.66 556.00 Td (to ) Tj ET Q q 0 0 0 rg BT 130.91 556.00 Td (determine ) Tj ET Q q 0 0 0 rg BT 172.35 556.00 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 202.14 556.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.37 556.00 Td (inflows.��Our ) Tj ET Q q 0 0 0 rg BT 275.89 556.00 Td (future ) Tj ET Q q 0 0 0 rg BT 301.24 556.00 Td (net ) Tj ET Q q 0 0 0 rg BT 314.92 556.00 Td (inflows ) Tj ET Q q 0 0 0 rg BT 346.39 556.00 Td (do ) Tj ET Q q 0 0 0 rg BT 357.85 556.00 Td (not ) Tj ET Q q 0 0 0 rg BT 372.10 556.00 Td (include ) Tj ET Q q 0 0 0 rg BT 403.00 556.00 Td (a ) Tj ET Q q 0 0 0 rg BT 408.91 556.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 448.14 556.00 Td (for ) Tj ET Q q 0 0 0 rg BT 461.27 556.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 480.50 556.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 524.19 556.00 Td (expended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.00 Td (on ) Tj ET Q q 0 0 0 rg BT 62.91 544.00 Td (our ) Tj ET Q q 0 0 0 rg BT 79.64 544.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 126.35 544.00 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.24 542.57 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.49 544.00 Td ( ) Tj ET Q q 0 0 0 rg BT 146.90 544.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.64 544.00 Td (that ) Tj ET Q q 0 0 0 rg BT 192.04 544.00 Td (will ) Tj ET Q q 0 0 0 rg BT 211.00 544.00 Td (be ) Tj ET Q q 0 0 0 rg BT 223.84 544.00 Td (consumed ) Tj ET Q q 0 0 0 rg BT 267.80 544.00 Td (in ) Tj ET Q q 0 0 0 rg BT 278.98 544.00 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 544.00 Td (production ) Tj ET Q q 0 0 0 rg BT 341.33 544.00 Td (of ) Tj ET Q q 0 0 0 rg BT 353.07 544.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 384.24 544.00 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 416.52 544.00 Td (reserves.��Future ) Tj ET Q q 0 0 0 rg BT 486.29 544.00 Td (income ) Tj ET Q q 0 0 0 rg BT 519.13 544.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 543.09 544.00 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.00 Td (computed ) Tj ET Q q 0 0 0 rg BT 91.65 532.00 Td (by ) Tj ET Q q 0 0 0 rg BT 104.38 532.00 Td (applying ) Tj ET Q q 0 0 0 rg BT 142.09 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.03 532.00 Td (statutory ) Tj ET Q q 0 0 0 rg BT 194.75 532.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.68 532.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 227.39 532.00 Td (to ) Tj ET Q q 0 0 0 rg BT 237.89 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 252.83 532.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 281.65 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 292.70 532.00 Td (net ) Tj ET Q q 0 0 0 rg BT 307.64 532.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.13 532.00 Td (inflows ) Tj ET Q q 0 0 0 rg BT 360.85 532.00 Td (over ) Tj ET Q q 0 0 0 rg BT 381.34 532.00 Td (our ) Tj ET Q q 0 0 0 rg BT 397.39 532.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 412.33 532.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 435.05 532.00 Td (in ) Tj ET Q q 0 0 0 rg BT 445.55 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 460.49 532.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 504.30 532.00 Td (proved ) Tj ET Q q 0 0 0 rg BT 534.79 532.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 532.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 82.43 520.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 100.93 520.00 Td (properties.��) Tj ET Q q 0 0 0 rg BT 148.23 520.00 Td (T) Tj ET Q q 0 0 0 rg BT 153.64 520.00 Td (ax ) Tj ET Q q 0 0 0 rg BT 168.25 520.00 Td (credits ) Tj ET Q q 0 0 0 rg BT 200.07 520.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.67 520.00 Td (net ) Tj ET Q q 0 0 0 rg BT 237.06 520.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.99 520.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 300.71 520.00 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 361.96 520.00 Td (were ) Tj ET Q q 0 0 0 rg BT 386.56 520.00 Td (also ) Tj ET Q q 0 0 0 rg BT 407.83 520.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 456.31 520.00 Td (in ) Tj ET Q q 0 0 0 rg BT 469.26 520.00 Td (the ) Tj ET Q q 0 0 0 rg BT 486.64 520.00 Td (future ) Tj ET Q q 0 0 0 rg BT 515.68 520.00 Td (income ) Tj ET Q q 0 0 0 rg BT 550.28 520.00 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.00 Td (calculation.��Future ) Tj ET Q q 0 0 0 rg BT 131.09 508.00 Td (net ) Tj ET Q q 0 0 0 rg BT 147.41 508.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.29 508.00 Td (inflows ) Tj ET Q q 0 0 0 rg BT 203.40 508.00 Td (after ) Tj ET Q q 0 0 0 rg BT 225.83 508.00 Td (income ) Tj ET Q q 0 0 0 rg BT 259.38 508.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 284.03 508.00 Td (were ) Tj ET Q q 0 0 0 rg BT 307.57 508.00 Td (discounted ) Tj ET Q q 0 0 0 rg BT 355.01 508.00 Td (using ) Tj ET Q q 0 0 0 rg BT 380.79 508.00 Td (a ) Tj ET Q q 0 0 0 rg BT 389.34 508.00 Td (10% ) Tj ET Q q 0 0 0 rg BT 411.78 508.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 442.55 508.00 Td (discount ) Tj ET Q q 0 0 0 rg BT 480.54 508.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 499.64 508.00 Td (to ) Tj ET Q q 0 0 0 rg BT 511.53 508.00 Td (arrive ) Tj ET Q q 0 0 0 rg BT 538.95 508.00 Td (at ) Tj ET Q q 0 0 0 rg BT 550.28 508.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.00 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 104.20 496.00 Td (Measure.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 459.50 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 459.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 459.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 459.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 459.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 459.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 459.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 429.50 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 429.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 429.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 429.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 429.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 429.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 429.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 399.50 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 399.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 399.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 399.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 399.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 399.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 399.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 369.50 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 369.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 369.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 369.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 369.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 369.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 369.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 472.5 m 424 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 472.5 m 428 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 472.5 m 493 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 472.5 m 497 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 472.5 m 562 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 459.5 m 355 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 459.5 m 424 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 459.5 m 493 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 459.5 m 562 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 399.5 m 424 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 399.5 m 493 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 399.5 m 562 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 399.5 m 493 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 399.5 m 562 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 369.5 m 424 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 369.5 m 493 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 369.5 m 562 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 369.5 m 424 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 355.5 m 424 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 353.5 m 424 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 369.5 m 493 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 355.5 m 493 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 353.5 m 493 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 355.5 m 562 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 353.5 m 562 353.5 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 476.06 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.95 476.07 Td (December 31,) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 463.06 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 463.07 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 463.07 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 463.07 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 449.17 Td (Future cash inflows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 449.17 Td (12,494,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 449.17 Td (16,657,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 449.17 Td (12,421,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 434.17 Td (Future production costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 434.22 Td (\(6,813,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 434.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 434.22 Td (\(8,000,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 434.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 434.22 Td (\(6,623,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 434.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 419.17 Td (Future development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 419.22 Td (\(1,434,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 419.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 419.22 Td (\(1,524,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 419.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 419.22 Td (\(1,433,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 419.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 404.17 Td (Future income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 404.22 Td (\(586,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 404.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 404.22 Td (\(1,186,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 404.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 404.22 Td (\(528,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 404.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 389.17 Td (Future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 389.17 Td (3,659,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 389.17 Td (5,945,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 389.17 Td (3,835,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 374.17 Td (10% annual discount for estimated timing of cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 374.22 Td (\(1,398,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 374.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 374.22 Td (\(2,594,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 374.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 374.22 Td (\(1,602,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 374.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 359.17 Td (Standardized measure of discounted future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 359.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 359.17 Td (2,261,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 359.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 359.17 Td (3,351,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 359.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 359.17 Td (2,232,429) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.00 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 331.00 Td (The ) Tj ET Q q 0 0 0 rg BT 85.13 331.00 Td (following ) Tj ET Q q 0 0 0 rg BT 126.10 331.00 Td (table ) Tj ET Q q 0 0 0 rg BT 147.61 331.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 164.70 331.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 186.22 331.00 Td (an ) Tj ET Q q 0 0 0 rg BT 197.74 331.00 Td (analysis ) Tj ET Q q 0 0 0 rg BT 232.04 331.00 Td (of ) Tj ET Q q 0 0 0 rg BT 242.45 331.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 276.74 331.00 Td (in ) Tj ET Q q 0 0 0 rg BT 286.60 331.00 Td (the ) Tj ET Q q 0 0 0 rg BT 300.90 331.00 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 355.19 331.00 Td (Measure ) Tj ET Q q 0 0 0 rg BT 391.70 331.00 Td (of 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0.8 0.8 rg /GS0 gs 286.00 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 479.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 449.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 419.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 389.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 359.75 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 286.00 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 359.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 359.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 359.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 359.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 689.75 m 286 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 689.75 m 355 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 689.75 m 424 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 689.75 m 493 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 689.75 m 562 689.75 l s BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 693.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.05 693.31 Td (-shar) Tj ET Q q 0 0 0 rg BT 169.80 693.31 Td (e data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.70 693.32 Td (March 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.55 693.32 Td (June 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.35 693.32 Td (September 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.20 693.32 Td (December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 679.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 679.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 679.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 679.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 679.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 664.42 Td (Revenues and other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 664.42 Td (305,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 664.42 Td (343,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 664.42 Td (315,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 664.42 Td (310,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 649.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 649.42 Td (83,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 649.47 Td (\(24,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 649.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 649.47 Td (\(43,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 649.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 649.42 Td (54,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 634.42 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 634.42 Td (258,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 634.42 Td (156,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 634.42 Td (248,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 634.42 Td (220,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 619.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 619.47 Td (\(25,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 619.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 619.42 Td (146,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 619.42 Td (72,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 619.42 Td (23,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 604.42 Td (Net income \(loss\) per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 604.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 604.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 604.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 604.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 589.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.30 589.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 589.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 589.42 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 589.42 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 589.42 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 574.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.30 574.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 574.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 574.42 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 574.42 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 574.42 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 559.42 Td (Cash flow provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 559.42 Td (64,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 559.42 Td (148,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 559.42 Td (130,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 559.42 Td (150,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 544.42 Td (Cash flow used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 544.47 Td (\(91,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 544.47 Td (\(67,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 544.47 Td (\(55,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 544.47 Td (\(55,1) Tj ET Q q 0 0 0 rg BT 548.13 544.47 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 529.42 Td (Cash flow used in financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 529.47 Td (\(5,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 529.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 529.47 Td (\(81,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 529.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 529.47 Td (\(64,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 529.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 529.47 Td (\(95,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 529.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 499.43 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 499.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 499.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 499.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 499.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 484.42 Td (Revenues and other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 484.42 Td (353,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 484.42 Td (387,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 484.42 Td (394,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 484.42 Td (338,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 469.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 469.42 Td (48,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 469.42 Td (96,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 469.42 Td (44,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 469.47 Td (\(210,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 469.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 454.42 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 454.42 Td (250,81) Tj ET Q q 0 0 0 rg BT 346.15 454.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 454.42 Td (251,21) Tj ET Q q 0 0 0 rg BT 415.15 454.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 454.42 Td (256,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 454.42 Td (326,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 439.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 439.42 Td (39,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 439.42 Td (30,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 439.42 Td (78,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 439.42 Td (174,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 424.42 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 424.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 424.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 424.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 424.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 409.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 409.42 Td (0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 409.42 Td (0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 409.42 Td (0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 409.42 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 394.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 394.42 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 394.42 Td (0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 394.42 Td (0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 394.42 Td (0.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 379.42 Td (Cash flow provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 379.42 Td (91,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 379.42 Td (153,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 379.42 Td (147,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 379.42 Td (136,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 364.42 Td (Cash flow used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 364.47 Td (\(51,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 364.47 Td (\(83,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 364.47 Td (\(81,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 364.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 530.63 364.47 Td (16,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 349.42 Td (Cash flow provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 349.47 Td (\(40,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 349.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 349.47 Td (\(69,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 349.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 349.42 Td (679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 349.47 Td (\(47,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 349.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (103) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 725.18505859375 m 461.66796875 725.18505859375 l s q 0 0 0 rg BT 49.50 726.75 Td (Item 9. Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 178.78 726.75 Td (eements with ) Tj ET Q q 0 0 0 rg BT 236.55 726.75 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 304.89 726.75 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 457.23 726.75 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (None.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (�) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 677.18505859375 m 195.330078125 677.18505859375 l s q 0 0 0 rg BT 49.50 678.75 Td (Item 9A. Contr) Tj ET Q q 0 0 0 rg BT 114.58 678.75 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 157.74 678.75 Td (ocedur) Tj ET Q q 0 0 0 rg BT 187.00 678.75 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 98.68 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 654.75 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 149.33 654.75 Td (e ) Tj ET Q q 0 0 0 rg BT 156.27 654.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 181.64 654.75 Td (ols ) Tj ET Q q 0 0 0 rg BT 195.81 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 214.43 654.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 224.80 654.75 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.06 654.75 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.75 Td (As ) Tj ET Q q 0 0 0 rg BT 80.16 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 90.04 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 103.81 630.75 Td (end ) Tj ET Q q 0 0 0 rg BT 119.80 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 129.68 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.44 630.75 Td (period ) Tj ET Q q 0 0 0 rg BT 170.54 630.75 Td (covered ) Tj ET Q q 0 0 0 rg BT 203.73 630.75 Td (by ) Tj ET Q q 0 0 0 rg BT 215.28 630.75 Td (this ) Tj ET Q q 0 0 0 rg BT 231.28 630.75 Td (report, ) Tj ET Q q 0 0 0 rg BT 259.21 630.75 Td (an ) Tj ET Q q 0 0 0 rg BT 270.19 630.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 313.39 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 323.27 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.04 630.75 Td (ef) Tj ET Q q 0 0 0 rg BT 344.63 630.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 390.60 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 400.48 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.25 630.75 Td (design ) Tj ET Q q 0 0 0 rg BT 441.90 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 457.89 630.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 497.20 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 507.08 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 521.96 630.75 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 83.87 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 100.46 618.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 146.48 618.75 Td (\(as ) Tj ET Q q 0 0 0 rg BT 160.29 618.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 192.42 618.75 Td (in ) Tj ET Q q 0 0 0 rg BT 202.35 618.75 Td (Rule ) Tj ET Q q 0 0 0 rg BT 223.39 618.75 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 264.41 618.75 Td (under ) Tj ET Q q 0 0 0 rg BT 289.33 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 303.69 618.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 344.79 618.75 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 364.71 618.75 Td (was ) Tj ET Q q 0 0 0 rg BT 382.42 618.75 Td (performed ) Tj ET Q q 0 0 0 rg BT 426.21 618.75 Td (under ) Tj ET Q q 0 0 0 rg BT 451.13 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.50 618.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 513.76 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 530.35 618.75 Td (with ) Tj ET Q q 0 0 0 rg BT 550.28 618.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (participation ) Tj ET Q q 0 0 0 rg BT 102.85 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.99 606.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 170.39 606.75 Td (including ) Tj ET Q q 0 0 0 rg BT 210.97 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 227.11 606.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 252.14 606.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 294.93 606.75 Td (Of) Tj ET Q q 0 0 0 rg BT 305.30 606.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 326.42 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.67 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 359.81 606.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 384.84 606.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 424.86 606.75 Td (Of) Tj ET Q q 0 0 0 rg BT 435.23 606.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 453.00 606.75 Td (.��Based ) Tj ET Q q 0 0 0 rg BT 487.74 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 500.55 606.75 Td (that ) Tj ET Q q 0 0 0 rg BT 518.36 606.75 Td (evaluation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.37 594.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 90.13 594.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 132.65 594.75 Td (Of) Tj ET Q q 0 0 0 rg BT 143.02 594.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 163.88 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 180.86 594.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 205.62 594.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 245.37 594.75 Td (Of) Tj ET Q q 0 0 0 rg BT 255.74 594.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 276.60 594.75 Td (concluded ) Tj ET Q q 0 0 0 rg BT 320.23 594.75 Td (that ) Tj ET Q q 0 0 0 rg BT 337.77 594.75 Td (our ) Tj ET Q q 0 0 0 rg BT 353.64 594.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 396.73 594.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 431.49 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 448.47 594.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 494.88 594.75 Td (were ) Tj ET Q q 0 0 0 rg BT 516.85 594.75 Td (ef) Tj ET Q q 0 0 0 rg BT 524.44 594.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 554.18 594.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.78 582.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 119.81 582.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.81 582.75 Td (, ) Tj ET Q q 0 0 0 rg BT 145.26 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.99 582.75 Td (ensure ) Tj ET Q q 0 0 0 rg BT 185.03 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 202.98 582.75 Td (information ) Tj ET Q q 0 0 0 rg BT 253.14 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 271.08 582.75 Td (is ) Tj ET Q q 0 0 0 rg BT 280.70 582.75 Td (required ) Tj ET Q q 0 0 0 rg BT 316.96 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 327.69 582.75 Td (be ) Tj ET Q q 0 0 0 rg BT 340.07 582.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 380.24 582.75 Td (in ) Tj ET Q q 0 0 0 rg BT 390.97 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.13 582.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 436.85 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 452.01 582.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.85 582.75 Td (files ) Tj ET Q q 0 0 0 rg BT 514.01 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 531.40 582.75 Td (submits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (under ) Tj ET Q q 0 0 0 rg BT 75.53 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 91.00 570.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 133.70 570.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 175.66 570.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 193.36 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.95 570.75 Td (1934 ) Tj ET Q q 0 0 0 rg BT 228.21 570.75 Td (is ) Tj ET Q q 0 0 0 rg BT 238.14 570.75 Td (recorded; ) Tj ET Q q 0 0 0 rg BT 279.15 570.75 Td (that ) Tj ET Q q 0 0 0 rg BT 297.40 570.75 Td (it ) Tj ET Q q 0 0 0 rg BT 306.22 570.75 Td (is ) Tj ET Q q 0 0 0 rg BT 316.15 570.75 Td (processed, ) Tj ET Q q 0 0 0 rg BT 361.34 570.75 Td (summarized ) Tj ET Q q 0 0 0 rg BT 413.47 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 431.17 570.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 467.74 570.75 Td (within ) Tj ET Q q 0 0 0 rg BT 496.56 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 512.03 570.75 Td (time ) Tj ET Q q 0 0 0 rg BT 533.07 570.75 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 87.48 558.75 Td (in ) Tj ET Q q 0 0 0 rg BT 97.15 558.75 Td (the�SEC�) Tj ET Q q 0 0 0 rg BT 132.98 558.75 Td (s ) Tj ET Q q 0 0 0 rg BT 138.76 558.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 160.09 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.41 558.75 Td (forms; ) Tj ET Q q 0 0 0 rg BT 204.41 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.73 558.75 Td (that ) Tj ET Q q 0 0 0 rg BT 237.62 558.75 Td (information ) Tj ET Q q 0 0 0 rg BT 286.71 558.75 Td (that ) Tj ET Q q 0 0 0 rg BT 303.60 558.75 Td (is ) Tj ET Q q 0 0 0 rg BT 312.15 558.75 Td (required ) Tj ET Q q 0 0 0 rg BT 347.36 558.75 Td (to ) Tj ET Q q 0 0 0 rg BT 357.02 558.75 Td (be ) Tj ET Q q 0 0 0 rg BT 368.35 558.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 407.45 558.75 Td (under ) Tj ET Q q 0 0 0 rg BT 432.11 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 446.21 558.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 487.11 558.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 503.43 558.75 Td (is ) Tj ET Q q 0 0 0 rg BT 511.99 558.75 Td (accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.97 546.75 Td (communicated ) Tj ET Q q 0 0 0 rg BT 126.87 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 136.67 546.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 192.29 546.75 Td (including ) Tj ET Q q 0 0 0 rg BT 232.10 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 247.46 546.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 271.71 546.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 313.72 546.75 Td (Of) Tj ET Q q 0 0 0 rg BT 324.09 546.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 344.43 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.90 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 376.26 546.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 400.51 546.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 439.75 546.75 Td (Of) Tj ET Q q 0 0 0 rg BT 450.12 546.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 468.04 546.75 Td (, ) Tj ET Q q 0 0 0 rg BT 472.57 546.75 Td (as ) Tj ET Q q 0 0 0 rg BT 482.93 546.75 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 530.49 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 540.30 546.75 Td (allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 77.55 534.75 Td (decisions ) Tj ET Q q 0 0 0 rg BT 117.27 534.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 158.08 534.75 Td (required ) Tj ET Q q 0 0 0 rg BT 193.90 534.75 Td (disclosure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 98.68 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 510.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 148.68 510.75 Td (in ) Tj ET Q q 0 0 0 rg BT 159.52 510.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 197.02 510.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 222.40 510.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 232.67 510.75 Td (over) Tj ET Q q 0 0 0 rg BT 251.37 510.75 Td ( ) Tj ET Q q 0 0 0 rg BT 253.87 510.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 296.38 510.75 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 95.40 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 110.53 486.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 159.55 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.90 486.75 Td (with ) Tj ET Q q 0 0 0 rg BT 197.59 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.72 486.75 Td (participation ) Tj ET Q q 0 0 0 rg BT 266.17 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.41 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 293.65 486.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 350.15 486.75 Td (including ) Tj ET Q q 0 0 0 rg BT 390.84 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 407.08 486.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 432.21 486.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 475.10 486.75 Td (Of) Tj ET Q q 0 0 0 rg BT 485.47 486.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 506.70 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 524.05 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 540.29 486.75 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.05 474.75 Td (Of) Tj ET Q q 0 0 0 rg BT 99.42 474.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 117.34 474.75 Td (, ) Tj ET Q q 0 0 0 rg BT 122.18 474.75 Td (we ) Tj ET Q q 0 0 0 rg BT 136.18 474.75 Td (have ) Tj ET Q q 0 0 0 rg BT 157.40 474.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 204.72 474.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 224.56 474.75 Td (during ) Tj ET Q q 0 0 0 rg BT 253.01 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 267.57 474.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 294.35 474.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 325.00 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 335.67 474.75 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.67 474.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 474.75 Td (, ) Tj ET Q q 0 0 0 rg BT 384.51 474.75 Td (there ) Tj ET Q q 0 0 0 rg BT 406.84 474.75 Td (were ) Tj ET Q q 0 0 0 rg BT 428.61 474.75 Td (no ) Tj ET Q q 0 0 0 rg BT 440.95 474.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 475.50 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 485.62 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 501.29 474.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 534.17 474.75 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (over ) Tj ET Q q 0 0 0 rg BT 68.92 462.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.55 462.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 143.86 462.75 Td (that ) Tj ET Q q 0 0 0 rg BT 160.51 462.75 Td (have ) Tj ET Q q 0 0 0 rg BT 181.04 462.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 223.22 462.75 Td (af) Tj ET Q q 0 0 0 rg BT 230.81 462.75 Td (fected, ) Tj ET Q q 0 0 0 rg BT 259.39 462.75 Td (or ) Tj ET Q q 0 0 0 rg BT 269.37 462.75 Td (are ) Tj ET Q q 0 0 0 rg BT 283.23 462.75 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 328.20 462.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 352.62 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 362.05 462.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 404.24 462.75 Td (af) Tj ET Q q 0 0 0 rg BT 411.83 462.75 Td (fect, ) Tj ET Q q 0 0 0 rg BT 430.97 462.75 Td (our ) Tj ET Q q 0 0 0 rg BT 445.95 462.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 478.14 462.75 Td (control ) Tj ET Q q 0 0 0 rg BT 508.12 462.75 Td (over ) Tj ET Q q 0 0 0 rg BT 527.54 462.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (Management�) Tj ET Q q 0 0 0 rg BT 108.56 426.75 Td (s ) Tj ET Q q 0 0 0 rg BT 114.95 426.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 147.44 426.75 Td (on ) Tj ET Q q 0 0 0 rg BT 160.50 426.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 198.00 426.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 223.37 426.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 233.65 426.75 Td (over) Tj ET Q q 0 0 0 rg BT 252.35 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 254.85 426.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 297.35 426.75 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.21 402.75 Td (management ) Tj ET Q q 0 0 0 rg BT 138.46 402.75 Td (is ) Tj ET Q q 0 0 0 rg BT 147.29 402.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 195.00 402.75 Td (for ) Tj ET Q q 0 0 0 rg BT 208.82 402.75 Td (establishing ) Tj ET Q q 0 0 0 rg BT 258.75 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 275.35 402.75 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 325.28 402.75 Td (adequate ) Tj ET Q q 0 0 0 rg BT 362.97 402.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 395.67 402.75 Td (control ) Tj ET Q q 0 0 0 rg BT 426.15 402.75 Td (over ) Tj ET Q q 0 0 0 rg BT 446.08 402.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.22 402.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 522.04 402.75 Td (as ) Tj ET Q q 0 0 0 rg BT 532.53 402.75 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (in ) Tj ET Q q 0 0 0 rg BT 61.08 390.75 Td (Rules ) Tj ET Q q 0 0 0 rg BT 87.66 390.75 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 129.22 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 390.75 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 189.58 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.71 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.73 390.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 260.96 390.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 303.35 390.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 321.59 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 333.72 390.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 360.02 390.75 Td (as ) Tj ET Q q 0 0 0 rg BT 372.15 390.75 Td (amended.��Under ) Tj ET Q q 0 0 0 rg BT 444.54 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 460.56 390.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 510.47 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 528.71 390.75 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 390.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (participation ) Tj ET Q q 0 0 0 rg BT 104.38 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 117.05 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 134.73 378.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 192.66 378.75 Td (including ) Tj ET Q q 0 0 0 rg BT 234.77 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 252.45 378.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 279.01 378.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 323.33 378.75 Td (Of) Tj ET Q q 0 0 0 rg BT 333.70 378.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 356.36 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 375.14 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 392.81 378.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 419.37 378.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 460.93 378.75 Td (Of) Tj ET Q q 0 0 0 rg BT 471.30 378.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 489.21 378.75 Td (, ) Tj ET Q q 0 0 0 rg BT 496.06 378.75 Td (we ) Tj ET Q q 0 0 0 rg BT 512.06 378.75 Td (assessed ) Tj ET Q q 0 0 0 rg BT 550.28 378.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 366.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 103.00 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.83 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 127.65 366.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 159.69 366.75 Td (control ) Tj ET Q q 0 0 0 rg BT 189.50 366.75 Td (over ) Tj ET Q q 0 0 0 rg BT 208.77 366.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.24 366.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 283.39 366.75 Td (as ) Tj ET Q q 0 0 0 rg BT 293.21 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.04 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 316.75 366.75 Td (end ) Tj ET Q q 0 0 0 rg BT 332.68 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 342.50 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.21 366.75 Td (period ) Tj ET Q q 0 0 0 rg BT 383.25 366.75 Td (covered ) Tj ET Q q 0 0 0 rg BT 416.39 366.75 Td (by ) Tj ET Q q 0 0 0 rg BT 427.88 366.75 Td (this ) Tj ET Q q 0 0 0 rg BT 443.82 366.75 Td (report ) Tj ET Q q 0 0 0 rg BT 469.19 366.75 Td (based ) Tj ET Q q 0 0 0 rg BT 493.46 366.75 Td (on ) Tj ET Q q 0 0 0 rg BT 504.95 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 518.66 366.75 Td (framework ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.72 354.75 Td (�Internal ) Tj ET Q q 0 0 0 rg BT 99.69 354.75 Td (Control ) Tj ET Q q 0 0 0 rg BT 133.68 354.75 Td (� ) Tj ET Q q 0 0 0 rg BT 142.12 354.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 186.09 354.75 Td (Framework� ) Tj ET Q q 0 0 0 rg BT 240.07 354.75 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 270.17 354.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 298.61 354.75 Td (by ) Tj ET Q q 0 0 0 rg BT 312.05 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.70 354.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 375.58 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.35 354.75 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 436.35 354.75 Td (Or) Tj ET Q q 0 0 0 rg BT 446.72 354.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 495.70 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 507.47 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 522.88 354.75 Td (T) Tj ET Q q 0 0 0 rg BT 528.64 354.75 Td (readway ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (Commission.��Based ) Tj ET Q q 0 0 0 rg BT 134.41 342.75 Td (on ) Tj ET Q q 0 0 0 rg BT 146.82 342.75 Td (that ) Tj ET Q q 0 0 0 rg BT 164.22 342.75 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 213.57 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 229.30 342.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 253.93 342.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 296.32 342.75 Td (Of) Tj ET Q q 0 0 0 rg BT 306.69 342.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 327.41 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 344.26 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 359.99 342.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 384.62 342.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 424.24 342.75 Td (Of) Tj ET Q q 0 0 0 rg BT 434.61 342.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 455.33 342.75 Td (concluded ) Tj ET Q q 0 0 0 rg BT 498.83 342.75 Td (that ) Tj ET Q q 0 0 0 rg BT 516.23 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 531.97 342.75 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (control ) Tj ET Q q 0 0 0 rg BT 80.47 330.75 Td (over ) Tj ET Q q 0 0 0 rg BT 100.88 330.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.50 330.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 177.80 330.75 Td (was ) Tj ET Q q 0 0 0 rg BT 196.00 330.75 Td (ef) Tj ET Q q 0 0 0 rg BT 203.58 330.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 233.43 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 243.85 330.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 277.04 330.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 322.44 330.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 363.95 330.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 404.91 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 419.77 330.75 Td (reliability ) Tj ET Q q 0 0 0 rg BT 461.29 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 472.26 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 488.23 330.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 330.75 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.58 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 83.43 318.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 132.60 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 144.57 318.75 Td (our ) Tj ET Q q 0 0 0 rg BT 161.54 318.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 200.15 318.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 246.00 318.75 Td (for ) Tj ET Q q 0 0 0 rg BT 261.30 318.75 Td (external ) Tj ET Q q 0 0 0 rg BT 297.14 318.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 336.33 318.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.75 318.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 396.35 318.75 Td (with ) Tj ET Q q 0 0 0 rg BT 417.76 318.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 439.18 318.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 480.02 318.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 518.63 318.75 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.75 Td (The ) Tj ET Q q 0 0 0 rg BT 88.71 282.75 Td (ef) Tj ET Q q 0 0 0 rg BT 96.30 282.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 146.39 282.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.38 282.75 Td (our ) Tj ET Q q 0 0 0 rg BT 179.38 282.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 215.58 282.75 Td (control ) Tj ET Q q 0 0 0 rg BT 249.57 282.75 Td (over ) Tj ET Q q 0 0 0 rg BT 273.00 282.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.65 282.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 355.97 282.75 Td (as ) Tj ET Q q 0 0 0 rg BT 369.96 282.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.96 282.75 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 445.70 282.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.70 282.75 Td (, ) Tj ET Q q 0 0 0 rg BT 473.87 282.75 Td (has ) Tj ET Q q 0 0 0 rg BT 492.86 282.75 Td (been ) Tj ET Q q 0 0 0 rg BT 517.40 282.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 552.50 282.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 151.41 270.75 Td (LLP) Tj ET Q q 0 0 0 rg BT 168.08 270.75 Td (, ) Tj ET Q q 0 0 0 rg BT 173.08 270.75 Td (an ) Tj ET Q q 0 0 0 rg BT 185.02 270.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 236.39 270.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 278.32 270.75 Td (public ) Tj ET Q q 0 0 0 rg BT 305.81 270.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 352.19 270.75 Td (firm, ) Tj ET Q q 0 0 0 rg BT 374.40 270.75 Td (as ) Tj ET Q q 0 0 0 rg BT 385.23 270.75 Td (stated ) Tj ET Q q 0 0 0 rg BT 411.06 270.75 Td (in ) Tj ET Q q 0 0 0 rg BT 421.34 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.05 270.75 Td (report ) Tj ET Q q 0 0 0 rg BT 462.43 270.75 Td (that ) Tj ET Q q 0 0 0 rg BT 479.92 270.75 Td (appears ) Tj ET Q q 0 0 0 rg BT 512.96 270.75 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (Important ) Tj ET Q q 0 0 0 rg BT 96.44 246.75 Td (Considerations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.75 Td (The ) Tj ET Q q 0 0 0 rg BT 86.34 222.75 Td (ef) Tj ET Q q 0 0 0 rg BT 93.92 222.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 141.64 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.25 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 169.87 222.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 213.71 222.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 249.21 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 266.94 222.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 314.10 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.82 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 348.44 222.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 382.27 222.75 Td (control ) Tj ET Q q 0 0 0 rg BT 413.89 222.75 Td (over ) Tj ET Q q 0 0 0 rg BT 434.94 222.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 473.21 222.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 513.16 222.75 Td (is ) Tj ET Q q 0 0 0 rg BT 523.12 222.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 222.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (various ) Tj ET Q q 0 0 0 rg BT 81.61 210.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 117.04 210.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 164.98 210.75 Td (including ) Tj ET Q q 0 0 0 rg BT 205.42 210.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 224.20 210.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 272.15 210.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 316.48 210.75 Td (used ) Tj ET Q q 0 0 0 rg BT 337.48 210.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.92 210.75 Td (decision ) Tj ET Q q 0 0 0 rg BT 383.91 210.75 Td (making, ) Tj ET Q q 0 0 0 rg BT 419.08 210.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 471.19 210.75 Td (about ) Tj ET Q q 0 0 0 rg BT 496.08 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 510.96 210.75 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 554.18 210.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (future ) Tj ET Q q 0 0 0 rg BT 76.20 198.75 Td (events, ) Tj ET Q q 0 0 0 rg BT 107.07 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 122.11 198.75 Td (soundness ) Tj ET Q q 0 0 0 rg BT 166.05 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.20 198.75 Td (our ) Tj ET Q q 0 0 0 rg BT 193.36 198.75 Td (systems, ) Tj ET Q q 0 0 0 rg BT 230.35 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 245.39 198.75 Td (possibility ) Tj ET Q q 0 0 0 rg BT 289.89 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.04 198.75 Td (human ) Tj ET Q q 0 0 0 rg BT 331.08 198.75 Td (error) Tj ET Q q 0 0 0 rg BT 350.11 198.75 Td (, ) Tj ET Q q 0 0 0 rg BT 355.44 198.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.70 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 387.74 198.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 405.56 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 416.72 198.75 Td (fraud.��Moreover) Tj ET Q q 0 0 0 rg BT 484.34 198.75 Td (, ) Tj ET Q q 0 0 0 rg BT 489.67 198.75 Td (projections ) Tj ET Q q 0 0 0 rg BT 536.92 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 548.08 198.75 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 94.08 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.33 186.75 Td (ef) Tj ET Q q 0 0 0 rg BT 112.92 186.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 160.27 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 170.98 186.75 Td (future ) Tj ET Q q 0 0 0 rg BT 197.78 186.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 230.14 186.75 Td (are ) Tj ET Q q 0 0 0 rg BT 245.28 186.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 276.53 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.23 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.38 186.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 320.30 186.75 Td (that ) Tj ET Q q 0 0 0 rg BT 338.22 186.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 373.37 186.75 Td (may ) Tj ET Q q 0 0 0 rg BT 393.51 186.75 Td (become ) Tj ET Q q 0 0 0 rg BT 427.53 186.75 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 473.77 186.75 Td (because ) Tj ET Q q 0 0 0 rg BT 508.34 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 519.59 186.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.73 186.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.23 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 111.73 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.01 174.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 145.07 174.75 Td (that ) Tj ET Q q 0 0 0 rg BT 163.13 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.41 174.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 208.12 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.51 174.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 268.66 174.75 Td (with ) Tj ET Q q 0 0 0 rg BT 289.50 174.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 323.67 174.75 Td (or ) Tj ET Q q 0 0 0 rg BT 335.06 174.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 381.99 174.75 Td (may ) Tj ET Q q 0 0 0 rg BT 402.27 174.75 Td (deteriorate ) Tj ET Q q 0 0 0 rg BT 448.09 174.75 Td (over ) Tj ET Q q 0 0 0 rg BT 468.92 174.75 Td (time.��Because ) Tj ET Q q 0 0 0 rg BT 530.57 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 174.75 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 98.06 162.75 Td (there ) Tj ET Q q 0 0 0 rg BT 121.32 162.75 Td (can ) Tj ET Q q 0 0 0 rg BT 138.47 162.75 Td (be ) Tj ET Q q 0 0 0 rg BT 151.19 162.75 Td (no ) Tj ET Q q 0 0 0 rg BT 164.47 162.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 206.61 162.75 Td (that ) Tj ET Q q 0 0 0 rg BT 224.89 162.75 Td (any ) Tj ET Q q 0 0 0 rg BT 242.60 162.75 Td (system ) Tj ET Q q 0 0 0 rg BT 273.66 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.27 162.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 329.09 162.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 364.59 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 382.30 162.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 429.45 162.75 Td (or ) Tj ET Q q 0 0 0 rg BT 441.06 162.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 474.88 162.75 Td (control ) Tj ET Q q 0 0 0 rg BT 506.48 162.75 Td (over ) Tj ET Q q 0 0 0 rg BT 527.52 162.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.92 150.75 Td (will ) Tj ET Q q 0 0 0 rg BT 107.25 150.75 Td (be ) Tj ET Q q 0 0 0 rg BT 119.46 150.75 Td (successful ) Tj ET Q q 0 0 0 rg BT 163.32 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 173.87 150.75 Td (preventing ) Tj ET Q q 0 0 0 rg BT 219.40 150.75 Td (all ) Tj ET Q q 0 0 0 rg BT 232.17 150.75 Td (errors ) Tj ET Q q 0 0 0 rg BT 258.25 150.75 Td (or ) Tj ET Q q 0 0 0 rg BT 269.35 150.75 Td (fraud ) Tj ET Q q 0 0 0 rg BT 293.22 150.75 Td (or ) Tj ET Q q 0 0 0 rg BT 304.32 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 314.87 150.75 Td (making ) Tj ET Q q 0 0 0 rg BT 347.63 150.75 Td (all ) Tj ET Q q 0 0 0 rg BT 360.39 150.75 Td (material ) Tj ET Q q 0 0 0 rg BT 395.92 150.75 Td (information ) Tj ET Q q 0 0 0 rg BT 445.90 150.75 Td (known ) Tj ET Q q 0 0 0 rg BT 475.89 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 486.44 150.75 Td (a ) Tj ET Q q 0 0 0 rg BT 493.65 150.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 521.97 150.75 Td (manner ) Tj ET Q q 0 0 0 rg BT 554.72 150.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 138.75 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 112.25 138.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 138.07 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.90 138.75 Td (management.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 113.18505859375 m 168.748046875 113.18505859375 l s q 0 0 0 rg BT 49.50 114.75 Td (Item 9B. Other) Tj ET Q q 0 0 0 rg BT 114.03 114.75 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.75 Td (None.) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (104) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 726.75 Td ( III) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 330.0712890625 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 702.75 Td (10. ) Tj ET Q q 0 0 0 rg BT 86.99 702.75 Td (Dir) Tj ET Q q 0 0 0 rg BT 101.25 702.75 Td (ectors, ) Tj ET Q q 0 0 0 rg BT 131.79 702.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 175.94 702.75 Td (Officers ) Tj ET Q q 0 0 0 rg BT 212.86 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 231.49 702.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 278.42 702.75 Td (Governance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.75 Td (Except ) Tj ET Q q 0 0 0 rg BT 97.22 678.75 Td (as ) Tj ET Q q 0 0 0 rg BT 107.50 678.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 146.67 678.75 Td (below) Tj ET Q q 0 0 0 rg BT 170.46 678.75 Td (, ) Tj ET Q q 0 0 0 rg BT 174.92 678.75 Td (information ) Tj ET Q q 0 0 0 rg BT 224.08 678.75 Td (as ) Tj ET Q q 0 0 0 rg BT 234.37 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 244.10 678.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 264.38 678.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 276.34 678.75 Td (will ) Tj ET Q q 0 0 0 rg BT 293.85 678.75 Td (be ) Tj ET Q q 0 0 0 rg BT 305.24 678.75 Td (set ) Tj ET Q q 0 0 0 rg BT 318.30 678.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 339.70 678.75 Td (in ) Tj ET Q q 0 0 0 rg BT 349.43 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 363.60 678.75 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 389.45 678.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 431.39 678.75 Td (\(�Proxy ) Tj ET Q q 0 0 0 rg BT 465.01 678.75 Td (Statement�\) ) Tj ET Q q 0 0 0 rg BT 514.72 678.75 Td (for ) Tj ET Q q 0 0 0 rg BT 528.33 678.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 678.75 Td (2020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 81.44 666.75 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 117.26 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.09 666.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 182.80 666.75 Td (to ) Tj ET Q q 0 0 0 rg BT 193.08 666.75 Td (be ) Tj ET Q q 0 0 0 rg BT 205.02 666.75 Td (held ) Tj ET Q q 0 0 0 rg BT 224.73 666.75 Td (May ) Tj ET Q q 0 0 0 rg BT 245.56 666.75 Td (28, ) Tj ET Q q 0 0 0 rg BT 260.56 666.75 Td (2020 ) Tj ET Q q 0 0 0 rg BT 283.06 666.75 Td (\(�Annual ) Tj ET Q q 0 0 0 rg BT 322.77 666.75 Td (Meeting�\) ) Tj ET Q q 0 0 0 rg BT 366.37 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 383.30 666.75 Td (is ) Tj ET Q q 0 0 0 rg BT 392.47 666.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 445.51 666.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 472.99 666.75 Td (by ) Tj ET Q q 0 0 0 rg BT 485.49 666.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (Code ) Tj ET Q q 0 0 0 rg BT 74.22 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 85.05 642.75 Td (Ethics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 618.75 Td (e ) Tj ET Q q 0 0 0 rg BT 82.70 618.75 Td (have ) Tj ET Q q 0 0 0 rg BT 103.70 618.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 137.48 618.75 Td (a ) Tj ET Q q 0 0 0 rg BT 144.05 618.75 Td (Code ) Tj ET Q q 0 0 0 rg BT 167.28 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.74 618.75 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 204.86 618.75 Td (for ) Tj ET Q q 0 0 0 rg BT 218.64 618.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 246.88 618.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 286.22 618.75 Td (Of) Tj ET Q q 0 0 0 rg BT 296.59 618.75 Td (ficers.��) Tj ET Q q 0 0 0 rg BT 326.11 618.75 Td (This ) Tj ET Q q 0 0 0 rg BT 346.02 618.75 Td (Code ) Tj ET Q q 0 0 0 rg BT 369.25 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 379.71 618.75 Td (Ethics, ) Tj ET Q q 0 0 0 rg BT 409.33 618.75 Td (including ) Tj ET Q q 0 0 0 rg BT 449.23 618.75 Td (any ) Tj ET Q q 0 0 0 rg BT 465.79 618.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 518.46 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 528.91 618.75 Td (waivers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 606.75 Td (posted ) Tj ET Q q 0 0 0 rg BT 87.28 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 99.78 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 115.61 606.75 Td (website ) Tj ET Q q 0 0 0 rg BT 148.66 606.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 158.3720703125 605.4169921875 m 236.2236328125 605.4169921875 l s q 0 0 0 rg BT 158.37 606.75 Td (www) Tj ET Q q 0 0 0 rg BT 179.39 606.75 Td (.denbury) Tj ET Q q 0 0 0 rg BT 214.01 606.75 Td (.com.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 581.18505859375 m 192.2685546875 581.18505859375 l s q 0 0 0 rg BT 49.50 582.75 Td (Item 1) Tj ET Q q 0 0 0 rg BT 76.44 582.75 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.75 Td (Information as to Item 1) Tj ET Q q 0 0 0 rg BT 164.33 558.75 Td (1 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.57 558.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 521.18505859375 m 520.37890625 521.18505859375 l s q 0 0 0 rg BT 49.50 522.75 Td (Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 484.01 522.75 Td ( Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.75 Td (Information as to Item 12 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.94 498.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 461.18505859375 m 412.380859375 461.18505859375 l s q 0 0 0 rg BT 49.50 462.75 Td (Item 13. Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 236.26 462.75 Td (T) Tj ET Q q 0 0 0 rg BT 242.19 462.75 Td (ransactions, and Dir) Tj ET Q q 0 0 0 rg BT 328.96 462.75 Td (ector) Tj ET Q q 0 0 0 rg BT 350.43 462.75 Td ( Independence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.75 Td (Information as to Item 13 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.94 438.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 401.18505859375 m 255.310546875 401.18505859375 l s q 0 0 0 rg BT 49.50 402.75 Td (Item 14. Principal ) Tj ET Q q 0 0 0 rg BT 128.38 402.75 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.75 Td (Information as to Item 14 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.94 378.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (reference.) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 726.75 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 274.2412109375 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 702.75 Td (15. ) Tj ET Q q 0 0 0 rg BT 86.99 702.75 Td (Exhibits ) Tj ET Q q 0 0 0 rg BT 125.06 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 143.68 702.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 186.19 702.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 232.01 702.75 Td (Schedules) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.75 Td (Exhibits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.57 629.75 Td (��) Tj ET Q q 0 0 0 rg BT 92.39 629.75 Td (The ) Tj ET Q q 0 0 0 rg BT 110.44 629.75 Td (following ) Tj ET Q q 0 0 0 rg BT 151.82 629.75 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 185.99 629.75 Td (are ) Tj ET Q q 0 0 0 rg BT 200.70 629.75 Td (included ) Tj ET Q q 0 0 0 rg BT 237.63 629.75 Td (as ) Tj ET Q q 0 0 0 rg BT 248.46 629.75 Td (part ) Tj ET Q q 0 0 0 rg BT 266.51 629.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.34 629.75 Td (this ) Tj ET Q q 0 0 0 rg BT 294.29 629.75 Td (report.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 605.25 m 114 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 605.25 m 562 605.25 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 609.93 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 609.93 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 595.82 Td (3\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 595.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.57 595.82 Td (Restated ) Tj ET Q q 0 0 0 rg BT 189.63 595.82 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 234.45 595.82 Td (of ) Tj ET Q q 0 0 0 rg BT 245.41 595.82 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 302.46 595.82 Td (of ) Tj ET Q q 0 0 0 rg BT 313.42 595.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 351.03 595.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 394.76 595.82 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 412.65 595.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 433.61 595.82 Td (with ) Tj ET Q q 0 0 0 rg BT 454.01 595.82 Td (the ) Tj ET Q q 0 0 0 rg BT 468.85 595.82 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 509.79 595.82 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 550.17 595.82 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 585.82 Td (State ) Tj ET Q q 0 0 0 rg BT 143.21 585.82 Td (on ) Tj ET Q q 0 0 0 rg BT 155.93 585.82 Td (October ) Tj ET Q q 0 0 0 rg BT 190.86 585.82 Td (30, ) Tj ET Q q 0 0 0 rg BT 206.08 585.82 Td (2014 ) Tj ET Q q 0 0 0 rg BT 228.80 585.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 285.38 585.82 Td (by ) Tj ET Q q 0 0 0 rg BT 298.10 585.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 338.00 585.82 Td (to ) Tj ET Q q 0 0 0 rg BT 348.50 585.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 380.67 585.82 Td (3\(a\) ) Tj ET Q q 0 0 0 rg BT 399.48 585.82 Td (of ) Tj ET Q q 0 0 0 rg BT 410.53 585.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 434.92 585.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 458.20 585.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 479.24 585.82 Td (by ) Tj ET Q q 0 0 0 rg BT 491.96 585.82 Td (the ) Tj ET Q q 0 0 0 rg BT 506.90 585.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.50 585.82 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 575.82 Td (November ) Tj ET Q q 0 0 0 rg BT 165.21 575.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 175.21 575.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 200.21 575.82 Td (File ) Tj ET Q q 0 0 0 rg BT 218.26 575.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 235.49 575.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 550.82 Td (3\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 550.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.10 550.82 Td (Amended ) Tj ET Q q 0 0 0 rg BT 193.74 550.82 Td (and ) Tj ET Q q 0 0 0 rg BT 210.95 550.82 Td (Restated ) Tj ET Q q 0 0 0 rg BT 248.15 550.82 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 280.91 550.82 Td (of ) Tj ET Q q 0 0 0 rg BT 292.01 550.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 329.77 550.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 373.64 550.82 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 391.67 550.82 Td (as ) Tj ET Q q 0 0 0 rg BT 402.77 550.82 Td (of ) Tj ET Q q 0 0 0 rg BT 413.87 550.82 Td (November ) Tj ET Q q 0 0 0 rg BT 458.84 550.82 Td (4, ) Tj ET Q q 0 0 0 rg BT 469.11 550.82 Td (2014 ) Tj ET Q q 0 0 0 rg BT 491.88 550.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 550.82 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 540.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 540.82 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 540.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 540.82 Td (3\(b\) ) Tj ET Q q 0 0 0 rg BT 221.56 540.82 Td (of ) Tj ET Q q 0 0 0 rg BT 232.39 540.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 256.56 540.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 279.62 540.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 300.44 540.82 Td (by ) Tj ET Q q 0 0 0 rg BT 312.94 540.82 Td (the ) Tj ET Q q 0 0 0 rg BT 327.66 540.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 369.04 540.82 Td (on ) Tj ET Q q 0 0 0 rg BT 381.54 540.82 Td (November ) Tj ET Q q 0 0 0 rg BT 426.25 540.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 436.25 540.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 461.25 540.82 Td (File ) Tj ET Q q 0 0 0 rg BT 479.31 540.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 496.53 540.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.82 Td (3\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 515.82 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 165.66 515.82 Td (of ) Tj ET Q q 0 0 0 rg BT 176.30 515.82 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 228.70 515.82 Td (of ) Tj ET Q q 0 0 0 rg BT 239.99 515.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 272.39 515.82 Td (Restated ) Tj ET Q q 0 0 0 rg BT 309.79 515.82 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 354.95 515.82 Td (of ) Tj ET Q q 0 0 0 rg BT 366.25 515.82 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 423.63 515.82 Td (of ) Tj ET Q q 0 0 0 rg BT 434.93 515.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 472.88 515.82 Td (Resources, ) Tj ET Q q 0 0 0 rg BT 519.45 515.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 540.18 515.82 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 505.82 Td (with ) Tj ET Q q 0 0 0 rg BT 140.77 505.82 Td (the ) Tj ET Q q 0 0 0 rg BT 155.47 505.82 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 196.27 505.82 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 236.51 505.82 Td (of ) Tj ET Q q 0 0 0 rg BT 247.33 505.82 Td (State ) Tj ET Q q 0 0 0 rg BT 269.82 505.82 Td (on ) Tj ET Q q 0 0 0 rg BT 282.30 505.82 Td (May ) Tj ET Q q 0 0 0 rg BT 303.12 505.82 Td (22, ) Tj ET Q q 0 0 0 rg BT 318.11 505.82 Td (2019 ) Tj ET Q q 0 0 0 rg BT 340.60 505.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 396.95 505.82 Td (by ) Tj ET Q q 0 0 0 rg BT 409.44 505.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 449.12 505.82 Td (to ) Tj ET Q q 0 0 0 rg BT 459.38 505.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 491.32 505.82 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 506.30 505.82 Td (on ) Tj ET Q q 0 0 0 rg BT 518.79 505.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 542.95 505.82 Td (8-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 495.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 141.33 495.82 Td (by ) Tj ET Q q 0 0 0 rg BT 153.83 495.82 Td (the ) Tj ET Q q 0 0 0 rg BT 168.54 495.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.93 495.82 Td (on ) Tj ET Q q 0 0 0 rg BT 222.43 495.82 Td (May ) Tj ET Q q 0 0 0 rg BT 243.26 495.82 Td (28, ) Tj ET Q q 0 0 0 rg BT 258.26 495.82 Td (2019, ) Tj ET Q q 0 0 0 rg BT 283.26 495.82 Td (File ) Tj ET Q q 0 0 0 rg BT 301.32 495.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 318.54 495.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 470.82 Td (4\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 470.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 160.69 470.82 Td (for ) Tj ET Q q 0 0 0 rg BT 174.22 470.82 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 179.22 468.66 cm /I41 Do Q q 0 0 0 rg BT 186.72 470.82 Td (% ) Tj ET Q q 0 0 0 rg BT 196.92 470.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 224.90 470.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 280.10 470.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 305.30 470.82 Td (due ) Tj ET Q q 0 0 0 rg BT 321.61 470.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 345.98 470.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 369.51 470.82 Td (as ) Tj ET Q q 0 0 0 rg BT 379.71 470.82 Td (of ) Tj ET Q q 0 0 0 rg BT 389.91 470.82 Td (February ) Tj ET Q q 0 0 0 rg BT 427.88 470.82 Td (17, ) Tj ET Q q 0 0 0 rg BT 442.25 470.82 Td (201) Tj ET Q q 0 0 0 rg BT 456.88 470.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 466.25 470.82 Td (by ) Tj ET Q q 0 0 0 rg BT 478.12 470.82 Td (and ) Tj ET Q q 0 0 0 rg BT 494.43 470.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 470.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 460.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 460.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 460.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 460.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 460.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 460.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 460.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 460.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 460.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 460.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 460.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 460.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 460.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 460.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 460.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 460.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 460.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 460.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 450.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 450.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 450.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 450.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 450.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 450.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 450.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 450.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 450.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 450.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 450.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 450.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 450.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 450.82 Td (February ) Tj ET Q q 0 0 0 rg BT 423.48 450.82 Td (22, ) Tj ET Q q 0 0 0 rg BT 438.48 450.82 Td (201) Tj ET Q q 0 0 0 rg BT 453.11 450.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 463.11 450.82 Td (File ) Tj ET Q q 0 0 0 rg BT 481.17 450.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 498.39 450.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 425.82 Td (4\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 425.82 Td (First ) Tj ET Q q 0 0 0 rg BT 141.49 425.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 425.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 425.82 Td (for ) Tj ET Q q 0 0 0 rg BT 254.41 425.82 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 259.41 423.66 cm /I42 Do Q q 0 0 0 rg BT 266.91 425.82 Td (% ) Tj ET Q q 0 0 0 rg BT 277.89 425.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 425.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 425.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 425.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 425.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 430.85 425.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 425.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 425.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 425.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 425.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 425.82 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 415.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.54 415.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 415.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 415.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 415.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 415.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 415.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 415.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 415.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 415.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 415.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 415.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 415.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 415.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 415.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 415.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 415.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 415.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 405.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.59 405.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.35 405.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.12 405.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.88 405.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.78 405.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.86 405.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.54 405.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.88 405.82 Td (4\(x\) ) Tj ET Q q 0 0 0 rg BT 328.44 405.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.67 405.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 362.24 405.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 384.69 405.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.91 405.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.81 405.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.93 405.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.71 405.82 Td (on ) Tj ET Q q 0 0 0 rg BT 483.61 405.82 Td (February ) Tj ET Q q 0 0 0 rg BT 521.61 405.82 Td (27, ) Tj ET Q q 0 0 0 rg BT 536.00 405.82 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 395.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 395.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 395.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 370.82 Td (4\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 370.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.07 370.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 209.19 370.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 249.64 370.82 Td (for ) Tj ET Q q 0 0 0 rg BT 263.44 370.82 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 268.44 368.66 cm /I43 Do Q q 0 0 0 rg BT 275.94 370.82 Td (% ) Tj ET Q q 0 0 0 rg BT 286.40 370.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.64 370.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 370.10 370.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.56 370.82 Td (due ) Tj ET Q q 0 0 0 rg BT 412.13 370.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 436.76 370.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 460.55 370.82 Td (as ) Tj ET Q q 0 0 0 rg BT 471.02 370.82 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 370.82 Td (September ) Tj ET Q q 0 0 0 rg BT 526.38 370.82 Td (8, ) Tj ET Q q 0 0 0 rg BT 536.01 370.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 360.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.55 360.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 360.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.32 360.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.36 360.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.52 360.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.34 360.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.60 360.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.98 360.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.49 360.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.26 360.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.60 360.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.64 360.82 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 447.44 360.82 Td (T) Tj ET Q q 0 0 0 rg BT 453.19 360.82 Td (rust, ) Tj ET Q q 0 0 0 rg BT 472.75 360.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.78 360.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 350.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.56 350.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.32 350.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.06 350.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.79 350.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.66 350.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.71 350.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.36 350.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.67 350.82 Td (4\(a\) ) Tj ET Q q 0 0 0 rg BT 327.64 350.82 Td (of ) Tj ET Q q 0 0 0 rg BT 337.83 350.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.37 350.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 383.79 350.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 403.98 350.82 Td (by ) Tj ET Q q 0 0 0 rg BT 415.85 350.82 Td (the ) Tj ET Q q 0 0 0 rg BT 429.94 350.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.69 350.82 Td (on ) Tj ET Q q 0 0 0 rg BT 482.56 350.82 Td (November ) Tj ET Q q 0 0 0 rg BT 526.63 350.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 536.00 350.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 340.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 340.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 340.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 315.82 Td (4\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 315.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 160.96 315.82 Td (for ) Tj ET Q q 0 0 0 rg BT 174.76 315.82 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 179.76 313.66 cm /I44 Do Q q 0 0 0 rg BT 187.26 315.82 Td (% ) Tj ET Q q 0 0 0 rg BT 197.74 315.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 225.99 315.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 281.46 315.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 306.93 315.82 Td (due ) Tj ET Q q 0 0 0 rg BT 323.51 315.82 Td (2023, ) Tj ET Q q 0 0 0 rg BT 348.16 315.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 371.96 315.82 Td (as ) Tj ET Q q 0 0 0 rg BT 382.43 315.82 Td (of ) Tj ET Q q 0 0 0 rg BT 392.90 315.82 Td (February ) Tj ET Q q 0 0 0 rg BT 431.14 315.82 Td (5, ) Tj ET Q q 0 0 0 rg BT 440.79 315.82 Td (2013, ) Tj ET Q q 0 0 0 rg BT 465.43 315.82 Td (by ) Tj ET Q q 0 0 0 rg BT 477.58 315.82 Td (and ) Tj ET Q q 0 0 0 rg BT 494.16 315.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 315.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 305.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 305.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 305.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 305.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 305.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 305.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 305.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 305.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 305.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 305.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 305.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 305.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 305.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 305.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 305.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 305.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 305.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 305.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 295.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 295.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 295.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 295.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 295.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 295.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 295.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 295.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 295.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 295.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 295.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 295.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 295.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 295.82 Td (February ) Tj ET Q q 0 0 0 rg BT 423.48 295.82 Td (5, ) Tj ET Q q 0 0 0 rg BT 433.48 295.82 Td (2013, ) Tj ET Q q 0 0 0 rg BT 458.48 295.82 Td (File ) Tj ET Q q 0 0 0 rg BT 476.54 295.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 493.76 295.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 270.82 Td (4\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 270.82 Td (First ) Tj ET Q q 0 0 0 rg BT 141.49 270.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 270.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 270.82 Td (for ) Tj ET Q q 0 0 0 rg BT 254.41 270.82 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 259.41 268.66 cm /I45 Do Q q 0 0 0 rg BT 266.91 270.82 Td (% ) Tj ET Q q 0 0 0 rg BT 277.89 270.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 270.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 270.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 270.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 270.82 Td (2023, ) Tj ET Q q 0 0 0 rg BT 430.85 270.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 270.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 270.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 270.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 270.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 270.82 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 260.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.54 260.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 260.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 260.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 260.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 260.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 260.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 260.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 260.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 260.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 260.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 260.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 260.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 260.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 260.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 260.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 260.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 260.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 250.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.62 250.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.38 250.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.18 250.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.98 250.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.91 250.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 269.02 250.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.73 250.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 310.10 250.82 Td (4\(z\) ) Tj ET Q q 0 0 0 rg BT 328.13 250.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.39 250.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.99 250.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 384.47 250.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.73 250.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.66 250.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.81 250.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.62 250.82 Td (on ) Tj ET Q q 0 0 0 rg BT 483.55 250.82 Td (February ) Tj ET Q q 0 0 0 rg BT 521.58 250.82 Td (27, ) Tj ET Q q 0 0 0 rg BT 536.01 250.82 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 240.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 240.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 240.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 215.82 Td (4\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 215.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.07 215.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 209.19 215.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 249.64 215.82 Td (for ) Tj ET Q q 0 0 0 rg BT 263.44 215.82 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 268.44 213.66 cm /I46 Do Q q 0 0 0 rg BT 275.94 215.82 Td (% ) Tj ET Q q 0 0 0 rg BT 286.40 215.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.64 215.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 370.10 215.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.56 215.82 Td (due ) Tj ET Q q 0 0 0 rg BT 412.13 215.82 Td (2023, ) Tj ET Q q 0 0 0 rg BT 436.76 215.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 460.55 215.82 Td (as ) Tj ET Q q 0 0 0 rg BT 471.02 215.82 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 215.82 Td (September ) Tj ET Q q 0 0 0 rg BT 526.38 215.82 Td (8, ) Tj ET Q q 0 0 0 rg BT 536.01 215.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 205.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.55 205.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 205.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.32 205.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.36 205.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.52 205.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.34 205.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.60 205.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.98 205.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.49 205.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.26 205.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.60 205.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.64 205.82 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 447.44 205.82 Td (T) Tj ET Q q 0 0 0 rg BT 453.19 205.82 Td (rust, ) Tj ET Q q 0 0 0 rg BT 472.75 205.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.78 205.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 195.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.53 195.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.29 195.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.01 195.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.71 195.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.54 195.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.56 195.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.18 195.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.46 195.82 Td (4\(b\) ) Tj ET Q q 0 0 0 rg BT 327.96 195.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.12 195.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.63 195.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 384.02 195.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.18 195.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.02 195.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.08 195.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.80 195.82 Td (on ) Tj ET Q q 0 0 0 rg BT 482.64 195.82 Td (November ) Tj ET Q q 0 0 0 rg BT 526.68 195.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 536.02 195.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 185.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 185.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 185.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 160.82 Td (4\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 160.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 161.58 160.82 Td (for ) Tj ET Q q 0 0 0 rg BT 176.01 160.82 Td (5�% ) Tj ET Q q 0 0 0 rg BT 199.61 160.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 228.48 160.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 284.58 160.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 310.67 160.82 Td (due ) Tj ET Q q 0 0 0 rg BT 327.88 160.82 Td (2022, ) Tj ET Q q 0 0 0 rg BT 353.15 160.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 377.57 160.82 Td (as ) Tj ET Q q 0 0 0 rg BT 388.67 160.82 Td (of ) Tj ET Q q 0 0 0 rg BT 399.16 160.82 Td (April ) Tj ET Q q 0 0 0 rg BT 423.03 160.82 Td (30, ) Tj ET Q q 0 0 0 rg BT 438.30 160.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 463.57 160.82 Td (by ) Tj ET Q q 0 0 0 rg BT 476.33 160.82 Td (and ) Tj ET Q q 0 0 0 rg BT 493.54 160.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 160.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 150.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 150.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 150.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 150.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 150.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 150.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 150.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 150.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 150.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 150.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 150.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 150.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 150.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 150.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 150.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 150.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 150.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 150.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 140.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 140.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 140.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 140.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 140.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 140.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 140.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 140.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 140.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 140.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 140.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 140.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 140.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 140.82 Td (May ) Tj ET Q q 0 0 0 rg BT 405.71 140.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 415.71 140.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 440.71 140.82 Td (File ) Tj ET Q q 0 0 0 rg BT 458.77 140.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 475.99 140.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 115.82 Td (4\(h\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 115.82 Td (First ) Tj ET Q q 0 0 0 rg BT 141.49 115.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 115.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 115.82 Td (for ) Tj ET Q q 0 0 0 rg BT 254.41 115.82 Td (5�% ) Tj ET Q q 0 0 0 rg BT 277.89 115.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 115.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 115.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 115.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 115.82 Td (2022, ) Tj ET Q q 0 0 0 rg BT 430.85 115.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 115.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 115.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 115.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 115.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 115.82 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 105.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.54 105.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 105.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 105.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 105.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 105.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 105.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 105.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 105.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 105.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 105.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 105.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 105.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 105.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 105.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 105.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 105.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 105.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 95.82 Td (as ) Tj ET Q q 0 0 0 rg BT 131.65 95.82 Td (T) Tj ET Q q 0 0 0 rg BT 137.41 95.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 164.33 95.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 221.24 95.82 Td (by ) Tj ET Q q 0 0 0 rg BT 234.28 95.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 274.51 95.82 Td (to ) Tj ET Q q 0 0 0 rg BT 285.33 95.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 317.82 95.82 Td (4\(bb\) ) Tj ET Q q 0 0 0 rg BT 342.53 95.82 Td (of ) Tj ET Q q 0 0 0 rg BT 353.90 95.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 378.61 95.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 402.21 95.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 423.58 95.82 Td (by ) Tj ET Q q 0 0 0 rg BT 436.63 95.82 Td (the ) Tj ET Q q 0 0 0 rg BT 451.89 95.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.82 95.82 Td (on ) Tj ET Q q 0 0 0 rg BT 506.86 95.82 Td (February ) Tj ET Q q 0 0 0 rg BT 546.00 95.82 Td (27, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 85.82 Td (2015, ) Tj ET Q q 0 0 0 rg BT 145.50 85.82 Td (File ) Tj ET Q q 0 0 0 rg BT 163.56 85.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 180.78 85.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 682.08 Td (Financial ) Tj ET Q q 0 0 0 rg BT 95.36 682.08 Td (Statements ) Tj ET Q q 0 0 0 rg BT 145.42 682.08 Td (and ) Tj ET Q q 0 0 0 rg BT 164.40 682.08 Td (Schedules.) 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Tj ET Q endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (106) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 719 m 114 719 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 719 m 562 719 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 723.68 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 723.68 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 709.57 Td (4\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.07 709.57 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 209.19 709.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 249.64 709.57 Td (for ) Tj ET Q q 0 0 0 rg BT 263.44 709.57 Td (5�% ) Tj ET Q q 0 0 0 rg BT 286.40 709.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.64 709.57 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 370.10 709.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.56 709.57 Td (due ) Tj ET Q q 0 0 0 rg BT 412.13 709.57 Td (2022, ) Tj ET Q q 0 0 0 rg BT 436.76 709.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 460.55 709.57 Td (as ) Tj ET Q q 0 0 0 rg BT 471.02 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 709.57 Td (September ) Tj ET Q q 0 0 0 rg BT 526.38 709.57 Td (8, ) Tj ET Q q 0 0 0 rg BT 536.01 709.57 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 132.55 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 699.57 Td (among ) Tj ET Q q 0 0 0 rg BT 178.32 699.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.36 699.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.52 699.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.34 699.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.60 699.57 Td (of ) Tj ET Q q 0 0 0 rg BT 317.98 699.57 Td (its ) Tj ET Q q 0 0 0 rg BT 329.49 699.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.26 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 397.60 699.57 Td (W) Tj ET Q q 0 0 0 rg BT 406.64 699.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 447.44 699.57 Td (T) Tj ET Q q 0 0 0 rg BT 453.19 699.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 472.75 699.57 Td (National ) Tj ET Q q 0 0 0 rg BT 508.78 699.57 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 689.57 Td (as ) Tj ET Q q 0 0 0 rg BT 130.56 689.57 Td (T) Tj ET Q q 0 0 0 rg BT 136.32 689.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.06 689.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.79 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 229.66 689.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.71 689.57 Td (to ) Tj ET Q q 0 0 0 rg BT 278.36 689.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.67 689.57 Td (4\(c\) ) Tj ET Q q 0 0 0 rg BT 327.64 689.57 Td (of ) Tj ET Q q 0 0 0 rg BT 337.83 689.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.37 689.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 383.79 689.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 403.98 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 415.85 689.57 Td (the ) Tj ET Q q 0 0 0 rg BT 429.94 689.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.69 689.57 Td (on ) Tj ET Q q 0 0 0 rg BT 482.56 689.57 Td (November ) Tj ET Q q 0 0 0 rg BT 526.63 689.57 Td (7, ) Tj ET Q q 0 0 0 rg BT 536.00 689.57 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 679.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 679.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 679.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.57 Td (4\(j\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 160.40 654.57 Td (for ) Tj ET Q q 0 0 0 rg BT 173.64 654.57 Td (9% ) Tj ET Q q 0 0 0 rg BT 188.55 654.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 216.24 654.57 Td (Secured ) Tj ET Q q 0 0 0 rg BT 250.03 654.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 281.05 654.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 300.96 654.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 325.87 654.57 Td (due ) Tj ET Q q 0 0 0 rg BT 341.89 654.57 Td (2021, ) Tj ET Q q 0 0 0 rg BT 365.97 654.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 389.21 654.57 Td (as ) Tj ET Q q 0 0 0 rg BT 399.12 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.04 654.57 Td (May ) Tj ET Q q 0 0 0 rg BT 428.95 654.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 443.03 654.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 467.11 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 478.69 654.57 Td (and ) Tj ET Q q 0 0 0 rg BT 494.71 654.57 Td (among ) Tj ET Q q 0 0 0 rg BT 523.51 654.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.28 644.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 182.73 644.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 211.62 644.57 Td (of ) Tj ET Q q 0 0 0 rg BT 221.63 644.57 Td (its ) Tj ET Q q 0 0 0 rg BT 232.77 644.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.17 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 300.17 644.57 Td (W) Tj ET Q q 0 0 0 rg BT 309.20 644.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 349.66 644.57 Td (T) Tj ET Q q 0 0 0 rg BT 355.41 644.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 374.60 644.57 Td (National ) Tj ET Q q 0 0 0 rg BT 410.34 644.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 461.74 644.57 Td (as ) Tj ET Q q 0 0 0 rg BT 471.64 644.57 Td (T) Tj ET Q q 0 0 0 rg BT 477.39 644.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 502.95 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 519.07 644.57 Td (Collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 634.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 634.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 152.21 634.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 208.14 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 220.21 634.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 259.47 634.57 Td (to ) Tj ET Q q 0 0 0 rg BT 269.32 634.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 300.84 634.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 315.41 634.57 Td (of ) Tj ET Q q 0 0 0 rg BT 325.81 634.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 349.56 634.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 367.18 634.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 387.58 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 399.65 634.57 Td (the ) Tj ET Q q 0 0 0 rg BT 413.94 634.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.90 634.57 Td (on ) Tj ET Q q 0 0 0 rg BT 466.97 634.57 Td (May ) Tj ET Q q 0 0 0 rg BT 487.38 634.57 Td (1) Tj ET Q q 0 0 0 rg BT 492.00 634.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 501.58 634.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 526.15 634.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.78 634.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 624.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.57 Td (4\(k\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (First ) Tj ET Q q 0 0 0 rg BT 141.38 599.57 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 198.90 599.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 239.76 599.57 Td (for ) Tj ET Q q 0 0 0 rg BT 253.95 599.57 Td (9% ) Tj ET Q q 0 0 0 rg BT 269.82 599.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 298.46 599.57 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 354.33 599.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 380.19 599.57 Td (due ) Tj ET Q q 0 0 0 rg BT 397.17 599.57 Td (2021, ) Tj ET Q q 0 0 0 rg BT 422.20 599.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 446.40 599.57 Td (as ) Tj ET Q q 0 0 0 rg BT 457.26 599.57 Td (of ) Tj ET Q q 0 0 0 rg BT 468.13 599.57 Td (September ) Tj ET Q q 0 0 0 rg BT 513.43 599.57 Td (8, ) Tj ET Q q 0 0 0 rg BT 523.47 599.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 548.50 599.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 589.57 Td (and ) Tj ET Q q 0 0 0 rg BT 137.12 589.57 Td (among ) Tj ET Q q 0 0 0 rg BT 166.51 589.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 203.68 589.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 246.96 589.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 266.90 589.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 296.28 589.57 Td (of ) Tj ET Q q 0 0 0 rg BT 306.79 589.57 Td (its ) Tj ET Q q 0 0 0 rg BT 318.42 589.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 370.31 589.57 Td (and ) Tj ET Q q 0 0 0 rg BT 386.77 589.57 Td (W) Tj ET Q q 0 0 0 rg BT 395.81 589.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 436.72 589.57 Td (T) Tj ET Q q 0 0 0 rg BT 442.48 589.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 462.15 589.57 Td (National ) Tj ET Q q 0 0 0 rg BT 498.28 589.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 550.18 589.57 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 579.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 579.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 152.64 579.57 Td (and ) Tj ET Q q 0 0 0 rg BT 169.59 579.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 211.35 579.57 Td (T) Tj ET Q q 0 0 0 rg BT 217.10 579.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 243.49 579.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 299.86 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 312.37 579.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 352.06 579.57 Td (to ) Tj ET Q q 0 0 0 rg BT 362.35 579.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 394.30 579.57 Td (4\(d\) ) Tj ET Q q 0 0 0 rg BT 413.47 579.57 Td (of ) Tj ET Q q 0 0 0 rg BT 424.31 579.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 448.49 579.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 471.55 579.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 492.38 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 504.89 579.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.61 579.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 569.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 569.57 Td (November ) Tj ET Q q 0 0 0 rg BT 177.71 569.57 Td (7, ) Tj ET Q q 0 0 0 rg BT 187.71 569.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 212.71 569.57 Td (File ) Tj ET Q q 0 0 0 rg BT 230.76 569.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 247.99 569.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.57 Td (4\(l\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 544.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 161.03 544.57 Td (for ) Tj ET Q q 0 0 0 rg BT 174.90 544.57 Td (9�% ) Tj ET Q q 0 0 0 rg BT 197.94 544.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 226.26 544.57 Td (Secured ) Tj ET Q q 0 0 0 rg BT 260.68 544.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 292.33 544.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 312.86 544.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 338.40 544.57 Td (due ) Tj ET Q q 0 0 0 rg BT 355.05 544.57 Td (2022, ) Tj ET Q q 0 0 0 rg BT 379.76 544.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 403.63 544.57 Td (as ) Tj ET Q q 0 0 0 rg BT 414.17 544.57 Td (of ) Tj ET Q q 0 0 0 rg BT 424.71 544.57 Td (December ) Tj ET Q q 0 0 0 rg BT 468.01 544.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 477.72 544.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 502.43 544.57 Td (by ) Tj ET Q q 0 0 0 rg BT 514.64 544.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 544.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 534.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.50 534.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.61 534.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.39 534.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 249.60 534.57 Td (of ) Tj ET Q q 0 0 0 rg BT 259.94 534.57 Td (its ) Tj ET Q q 0 0 0 rg BT 271.40 534.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 323.13 534.57 Td (and ) Tj ET Q q 0 0 0 rg BT 339.43 534.57 Td (W) Tj ET Q q 0 0 0 rg BT 348.47 534.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 389.23 534.57 Td (T) Tj ET Q q 0 0 0 rg BT 394.99 534.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 414.50 534.57 Td (National ) Tj ET Q q 0 0 0 rg BT 450.50 534.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 502.22 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 512.42 534.57 Td (T) Tj ET Q q 0 0 0 rg BT 518.18 534.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 544.06 534.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 524.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.38 524.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.14 524.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 194.66 524.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 251.17 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 263.81 524.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 303.64 524.57 Td (to ) Tj ET Q q 0 0 0 rg BT 314.06 524.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 346.15 524.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 361.29 524.57 Td (of ) Tj ET Q q 0 0 0 rg BT 372.26 524.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 396.58 524.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 414.77 524.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 435.74 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 448.39 524.57 Td (the ) Tj ET Q q 0 0 0 rg BT 463.25 524.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.78 524.57 Td (on ) Tj ET Q q 0 0 0 rg BT 517.42 524.57 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 514.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 135.50 514.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 160.50 514.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 514.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 514.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.57 Td (4\(m\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 489.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 161.02 489.57 Td (for ) Tj ET Q q 0 0 0 rg BT 174.89 489.57 Td (3�% ) Tj ET Q q 0 0 0 rg BT 197.93 489.57 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 247.36 489.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 275.67 489.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 301.21 489.57 Td (due ) Tj ET Q q 0 0 0 rg BT 317.86 489.57 Td (2024, ) Tj ET Q q 0 0 0 rg BT 342.57 489.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 366.44 489.57 Td (as ) Tj ET Q q 0 0 0 rg BT 376.97 489.57 Td (of ) Tj ET Q q 0 0 0 rg BT 387.51 489.57 Td (December ) Tj ET Q q 0 0 0 rg BT 430.81 489.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 440.52 489.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 465.23 489.57 Td (by ) Tj ET Q q 0 0 0 rg BT 477.44 489.57 Td (and ) Tj ET Q q 0 0 0 rg BT 494.08 489.57 Td (among ) Tj ET Q q 0 0 0 rg BT 523.51 489.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 479.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.42 479.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 479.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 479.57 Td (of ) Tj ET Q q 0 0 0 rg BT 222.17 479.57 Td (its ) Tj ET Q q 0 0 0 rg BT 233.44 479.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.97 479.57 Td (and ) Tj ET Q q 0 0 0 rg BT 301.10 479.57 Td (W) Tj ET Q q 0 0 0 rg BT 310.13 479.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 350.71 479.57 Td (T) Tj ET Q q 0 0 0 rg BT 356.47 479.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 375.79 479.57 Td (National ) Tj ET Q q 0 0 0 rg BT 411.64 479.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.17 479.57 Td (as ) Tj ET Q q 0 0 0 rg BT 473.19 479.57 Td (T) Tj ET Q q 0 0 0 rg BT 478.94 479.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.64 479.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 469.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 469.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 469.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 469.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 469.57 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 229.90 469.57 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 469.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 469.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 469.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 469.57 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 469.57 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 469.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 469.57 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 469.57 Td (December ) Tj ET Q q 0 0 0 rg BT 428.47 469.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 443.47 469.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 468.47 469.57 Td (File ) Tj ET Q q 0 0 0 rg BT 486.53 469.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 503.75 469.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 444.57 Td (4\(n\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 444.57 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 164.44 444.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 189.21 444.57 Td (as ) Tj ET Q q 0 0 0 rg BT 200.67 444.57 Td (of ) Tj ET Q q 0 0 0 rg BT 212.12 444.57 Td (January ) Tj ET Q q 0 0 0 rg BT 246.34 444.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 256.96 444.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 282.58 444.57 Td (among ) Tj ET Q q 0 0 0 rg BT 312.92 444.57 Td (the ) Tj ET Q q 0 0 0 rg BT 328.26 444.57 Td (Company) Tj ET Q q 0 0 0 rg BT 366.49 444.57 Td (, ) Tj ET Q q 0 0 0 rg BT 372.12 444.57 Td (the ) Tj ET Q q 0 0 0 rg BT 387.45 444.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 433.35 444.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 480.90 444.57 Td (named ) Tj ET Q q 0 0 0 rg BT 510.68 444.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 544.07 444.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 434.57 Td (W) Tj ET Q q 0 0 0 rg BT 129.54 434.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 171.14 434.57 Td (T) Tj ET Q q 0 0 0 rg BT 176.89 434.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 197.31 434.57 Td (National ) Tj ET Q q 0 0 0 rg BT 234.01 434.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 286.65 434.57 Td (as ) Tj ET Q q 0 0 0 rg BT 297.68 434.57 Td (T) Tj ET Q q 0 0 0 rg BT 303.44 434.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 332.73 434.57 Td (with ) Tj ET Q q 0 0 0 rg BT 353.43 434.57 Td (respect ) Tj ET Q q 0 0 0 rg BT 384.66 434.57 Td (to ) Tj ET Q q 0 0 0 rg BT 395.36 434.57 Td ($59,439,000 ) Tj ET Q q 0 0 0 rg BT 448.27 434.57 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 490.05 434.57 Td (principal ) Tj ET Q q 0 0 0 rg BT 528.51 434.57 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 424.57 Td (of ) Tj ET Q q 0 0 0 rg BT 131.52 424.57 Td (5% ) Tj ET Q q 0 0 0 rg BT 147.54 424.57 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 197.44 424.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 226.24 424.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 252.26 424.57 Td (due ) Tj ET Q q 0 0 0 rg BT 269.39 424.57 Td (2023 ) Tj ET Q q 0 0 0 rg BT 292.08 424.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 348.63 424.57 Td (by ) Tj ET Q q 0 0 0 rg BT 361.32 424.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 401.19 424.57 Td (to ) Tj ET Q q 0 0 0 rg BT 411.66 424.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 443.79 424.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 458.98 424.57 Td (of ) Tj ET Q q 0 0 0 rg BT 470.00 424.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 494.36 424.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 512.60 424.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 533.61 424.57 Td (by ) Tj ET Q q 0 0 0 rg BT 546.30 424.57 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 414.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.89 414.57 Td (on ) Tj ET Q q 0 0 0 rg BT 174.39 414.57 Td (January ) Tj ET Q q 0 0 0 rg BT 207.99 414.57 Td (1) Tj ET Q q 0 0 0 rg BT 212.61 414.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 222.61 414.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 247.61 414.57 Td (File ) Tj ET Q q 0 0 0 rg BT 265.67 414.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 282.89 414.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.57 Td (4\(o\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 389.57 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 164.30 389.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 188.93 389.57 Td (as ) Tj ET Q q 0 0 0 rg BT 200.24 389.57 Td (of ) Tj ET Q q 0 0 0 rg BT 210.89 389.57 Td (August ) Tj ET Q q 0 0 0 rg BT 242.76 389.57 Td (21, ) Tj ET Q q 0 0 0 rg BT 258.24 389.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 283.72 389.57 Td (among ) Tj ET Q q 0 0 0 rg BT 313.92 389.57 Td (the ) Tj ET Q q 0 0 0 rg BT 329.12 389.57 Td (Company) Tj ET Q q 0 0 0 rg BT 367.36 389.57 Td (, ) Tj ET Q q 0 0 0 rg BT 372.84 389.57 Td (the ) Tj ET Q q 0 0 0 rg BT 388.03 389.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 433.79 389.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 481.20 389.57 Td (named ) Tj ET Q q 0 0 0 rg BT 510.83 389.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 544.08 389.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 379.57 Td (W) Tj ET Q q 0 0 0 rg BT 129.54 379.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 172.43 379.57 Td (T) Tj ET Q q 0 0 0 rg BT 178.18 379.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 199.99 379.57 Td (National ) Tj ET Q q 0 0 0 rg BT 237.79 379.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 291.81 379.57 Td (as ) Tj ET Q q 0 0 0 rg BT 304.14 379.57 Td (T) Tj ET Q q 0 0 0 rg BT 309.90 379.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 338.08 379.57 Td (and ) Tj ET Q q 0 0 0 rg BT 356.83 379.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 400.26 379.57 Td (T) Tj ET Q q 0 0 0 rg BT 406.01 379.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 436.70 379.57 Td (with ) Tj ET Q q 0 0 0 rg BT 458.79 379.57 Td (respect ) Tj ET Q q 0 0 0 rg BT 491.41 379.57 Td (to ) Tj ET Q q 0 0 0 rg BT 503.50 379.57 Td ($450,000,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 369.57 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 162.19 369.57 Td (principal ) Tj ET Q q 0 0 0 rg BT 200.55 369.57 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.37 369.57 Td (of ) Tj ET Q q 0 0 0 rg BT 244.53 369.57 Td (7�% ) Tj ET Q q 0 0 0 rg BT 268.18 369.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 297.12 369.57 Td (Secured ) Tj ET Q q 0 0 0 rg BT 332.15 369.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 364.41 369.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 385.56 369.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 411.72 369.57 Td (due ) Tj ET Q q 0 0 0 rg BT 428.98 369.57 Td (2024 ) Tj ET Q q 0 0 0 rg BT 451.80 369.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 508.49 369.57 Td (by ) Tj ET Q q 0 0 0 rg BT 521.32 369.57 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 359.57 Td (to ) Tj ET Q q 0 0 0 rg BT 130.78 359.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 162.72 359.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 177.72 359.57 Td (of ) Tj ET Q q 0 0 0 rg BT 188.55 359.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 212.72 359.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 230.77 359.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 251.60 359.57 Td (by ) Tj ET Q q 0 0 0 rg BT 264.10 359.57 Td (the ) Tj ET Q q 0 0 0 rg BT 278.82 359.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 320.20 359.57 Td (on ) Tj ET Q q 0 0 0 rg BT 332.15 359.57 Td (August ) Tj ET Q q 0 0 0 rg BT 363.54 359.57 Td (22, ) Tj ET Q q 0 0 0 rg BT 378.54 359.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 403.54 359.57 Td (File ) Tj ET Q q 0 0 0 rg BT 421.60 359.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 438.82 359.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 334.57 Td (4\(p\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 334.57 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 164.95 334.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 190.25 334.57 Td (as ) Tj ET Q q 0 0 0 rg BT 202.22 334.57 Td (of ) Tj ET Q q 0 0 0 rg BT 214.19 334.57 Td (June ) Tj ET Q q 0 0 0 rg BT 236.16 334.57 Td (19, ) Tj ET Q q 0 0 0 rg BT 252.30 334.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 278.44 334.57 Td (among ) Tj ET Q q 0 0 0 rg BT 309.29 334.57 Td (the ) Tj ET Q q 0 0 0 rg BT 325.15 334.57 Td (Company) Tj ET Q q 0 0 0 rg BT 363.38 334.57 Td (, ) Tj ET Q q 0 0 0 rg BT 369.52 334.57 Td (the ) Tj ET Q q 0 0 0 rg BT 385.38 334.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 431.80 334.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 479.86 334.57 Td (named ) Tj ET Q q 0 0 0 rg BT 510.16 334.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 544.06 334.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 324.57 Td (W) Tj ET Q q 0 0 0 rg BT 129.54 324.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 172.43 324.57 Td (T) Tj ET Q q 0 0 0 rg BT 178.18 324.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 199.99 324.57 Td (National ) Tj ET Q q 0 0 0 rg BT 237.79 324.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 291.81 324.57 Td (as ) Tj ET Q q 0 0 0 rg BT 304.14 324.57 Td (T) Tj ET Q q 0 0 0 rg BT 309.90 324.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 338.08 324.57 Td (and ) Tj ET Q q 0 0 0 rg BT 356.83 324.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 400.26 324.57 Td (T) Tj ET Q q 0 0 0 rg BT 406.01 324.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 436.70 324.57 Td (with ) Tj ET Q q 0 0 0 rg BT 458.79 324.57 Td (respect ) Tj ET Q q 0 0 0 rg BT 491.41 324.57 Td (to ) Tj ET Q q 0 0 0 rg BT 503.50 324.57 Td ($528,026,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 314.57 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 162.19 314.57 Td (principal ) Tj ET Q q 0 0 0 rg BT 200.55 314.57 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.37 314.57 Td (of ) Tj ET Q q 0 0 0 rg BT 244.53 314.57 Td (7�% ) Tj ET Q q 0 0 0 rg BT 268.18 314.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 297.12 314.57 Td (Secured ) Tj ET Q q 0 0 0 rg BT 332.15 314.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 364.41 314.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 385.56 314.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 411.72 314.57 Td (due ) Tj ET Q q 0 0 0 rg BT 428.98 314.57 Td (2024 ) Tj ET Q q 0 0 0 rg BT 451.80 314.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 508.49 314.57 Td (by ) Tj ET Q q 0 0 0 rg BT 521.32 314.57 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 304.57 Td (to ) Tj ET Q q 0 0 0 rg BT 130.78 304.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 162.72 304.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 177.72 304.57 Td (of ) Tj ET Q q 0 0 0 rg BT 188.55 304.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 212.72 304.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 230.77 304.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 251.60 304.57 Td (by ) Tj ET Q q 0 0 0 rg BT 264.10 304.57 Td (the ) Tj ET Q q 0 0 0 rg BT 278.82 304.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 320.20 304.57 Td (on ) Tj ET Q q 0 0 0 rg BT 332.70 304.57 Td (June ) Tj ET Q q 0 0 0 rg BT 353.53 304.57 Td (24, ) Tj ET Q q 0 0 0 rg BT 368.53 304.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 393.53 304.57 Td (File ) Tj ET Q q 0 0 0 rg BT 411.59 304.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 428.81 304.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.57 Td (4\(q\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 279.57 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 164.95 279.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 190.25 279.57 Td (as ) Tj ET Q q 0 0 0 rg BT 202.22 279.57 Td (of ) Tj ET Q q 0 0 0 rg BT 214.19 279.57 Td (June ) Tj ET Q q 0 0 0 rg BT 236.16 279.57 Td (19, ) Tj ET Q q 0 0 0 rg BT 252.30 279.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 278.44 279.57 Td (among ) Tj ET Q q 0 0 0 rg BT 309.29 279.57 Td (the ) Tj ET Q q 0 0 0 rg BT 325.15 279.57 Td (Company) Tj ET Q q 0 0 0 rg BT 363.38 279.57 Td (, ) Tj ET Q q 0 0 0 rg BT 369.52 279.57 Td (the ) Tj ET Q q 0 0 0 rg BT 385.38 279.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 431.80 279.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 479.86 279.57 Td (named ) Tj ET Q q 0 0 0 rg BT 510.16 279.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 544.06 279.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 269.57 Td (W) Tj ET Q q 0 0 0 rg BT 129.54 269.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 170.74 269.57 Td (T) Tj ET Q q 0 0 0 rg BT 176.49 269.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 196.48 269.57 Td (National ) Tj ET Q q 0 0 0 rg BT 232.85 269.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 285.06 269.57 Td (as ) Tj ET Q q 0 0 0 rg BT 295.69 269.57 Td (T) Tj ET Q q 0 0 0 rg BT 301.45 269.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 330.31 269.57 Td (with ) Tj ET Q q 0 0 0 rg BT 350.58 269.57 Td (respect ) Tj ET Q q 0 0 0 rg BT 381.38 269.57 Td (to ) Tj ET Q q 0 0 0 rg BT 391.65 269.57 Td ($245,548,000 ) Tj ET Q q 0 0 0 rg BT 449.13 269.57 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 490.48 269.57 Td (principal ) Tj ET Q q 0 0 0 rg BT 528.51 269.57 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 259.57 Td (of ) Tj ET Q q 0 0 0 rg BT 131.10 259.57 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 136.10 257.41 cm /I47 Do Q q 0 0 0 rg BT 143.60 259.57 Td (% ) Tj ET Q q 0 0 0 rg BT 154.20 259.57 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 203.69 259.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 232.07 259.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 257.67 259.57 Td (due ) Tj ET Q q 0 0 0 rg BT 274.38 259.57 Td (2024 ) Tj ET Q q 0 0 0 rg BT 296.65 259.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 352.79 259.57 Td (by ) Tj ET Q q 0 0 0 rg BT 365.06 259.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 404.51 259.57 Td (to ) Tj ET Q q 0 0 0 rg BT 414.56 259.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 446.28 259.57 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 461.05 259.57 Td (of ) Tj ET Q q 0 0 0 rg BT 471.65 259.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 495.60 259.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 513.42 259.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 534.02 259.57 Td (by ) Tj ET Q q 0 0 0 rg BT 546.29 259.57 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 249.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.89 249.57 Td (on ) Tj ET Q q 0 0 0 rg BT 174.39 249.57 Td (June ) Tj ET Q q 0 0 0 rg BT 195.22 249.57 Td (24, ) Tj ET Q q 0 0 0 rg BT 210.22 249.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 235.22 249.57 Td (File ) Tj ET Q q 0 0 0 rg BT 253.27 249.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 270.50 249.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 224.57 Td (4\(r\)*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 224.57 Td (Description ) Tj ET Q q 0 0 0 rg BT 169.11 224.57 Td (of ) Tj ET Q q 0 0 0 rg BT 179.39 224.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 216.33 224.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 259.38 224.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 276.60 224.57 Td (equity ) Tj ET Q q 0 0 0 rg BT 303.54 224.57 Td (securities ) Tj ET Q q 0 0 0 rg BT 343.26 224.57 Td (registered ) Tj ET Q q 0 0 0 rg BT 384.63 224.57 Td (under ) Tj ET Q q 0 0 0 rg BT 409.35 224.57 Td (Section ) Tj ET Q q 0 0 0 rg BT 441.30 224.57 Td (12 ) Tj ET Q q 0 0 0 rg BT 453.25 224.57 Td (of ) Tj ET Q q 0 0 0 rg BT 463.53 224.57 Td (the ) Tj ET Q q 0 0 0 rg BT 477.69 224.57 Td (Securities ) Tj ET Q q 0 0 0 rg BT 519.08 224.57 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 214.57 Td (Act ) Tj ET Q q 0 0 0 rg BT 137.44 214.57 Td (of ) Tj ET Q q 0 0 0 rg BT 148.27 214.57 Td (1934, ) Tj ET Q q 0 0 0 rg BT 173.27 214.57 Td (as ) Tj ET Q q 0 0 0 rg BT 184.10 214.57 Td (amended.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 169.57 Td (10\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 169.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 162.16 169.57 Td (and ) Tj ET Q q 0 0 0 rg BT 179.39 169.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 216.61 169.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 243.78 169.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 293.49 169.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 317.93 169.57 Td (as ) Tj ET Q q 0 0 0 rg BT 329.05 169.57 Td (of ) Tj ET Q q 0 0 0 rg BT 340.17 169.57 Td (December ) Tj ET Q q 0 0 0 rg BT 384.04 169.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 394.32 169.57 Td (2014, ) Tj ET Q q 0 0 0 rg BT 419.61 169.57 Td (by ) Tj ET Q q 0 0 0 rg BT 432.40 169.57 Td (and ) Tj ET Q q 0 0 0 rg BT 449.62 169.57 Td (among ) Tj ET Q q 0 0 0 rg BT 479.63 169.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 517.40 169.57 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 159.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 141.49 159.57 Td (as ) Tj ET Q q 0 0 0 rg BT 153.04 159.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 190.96 159.57 Td (, ) Tj ET Q q 0 0 0 rg BT 196.68 159.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 223.17 159.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 240.83 159.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 268.49 159.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 295.32 159.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 320.48 159.57 Td (as ) Tj ET Q q 0 0 0 rg BT 331.32 159.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 393.82 159.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 423.98 159.57 Td (and ) Tj ET Q q 0 0 0 rg BT 441.64 159.57 Td (the ) Tj ET Q q 0 0 0 rg BT 457.08 159.57 Td (lending ) Tj ET Q q 0 0 0 rg BT 490.29 159.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 537.96 159.57 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 149.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 150.82 149.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 207.23 149.57 Td (by ) Tj ET Q q 0 0 0 rg BT 219.79 149.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 259.52 149.57 Td (to ) Tj ET Q q 0 0 0 rg BT 269.86 149.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 301.85 149.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 321.91 149.57 Td (of ) Tj ET Q q 0 0 0 rg BT 332.79 149.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 357.01 149.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 375.12 149.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 396.00 149.57 Td (by ) Tj ET Q q 0 0 0 rg BT 408.55 149.57 Td (the ) Tj ET Q q 0 0 0 rg BT 423.32 149.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 464.76 149.57 Td (on ) Tj ET Q q 0 0 0 rg BT 477.32 149.57 Td (December ) Tj ET Q q 0 0 0 rg BT 520.95 149.57 Td (15, ) Tj ET Q q 0 0 0 rg BT 536.01 149.57 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 139.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 139.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 139.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 114.57 Td (10\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 114.57 Td (First ) Tj ET Q q 0 0 0 rg BT 140.25 114.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 191.49 114.57 Td (to ) Tj ET Q q 0 0 0 rg BT 200.67 114.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 241.35 114.57 Td (and ) Tj ET Q q 0 0 0 rg BT 257.60 114.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 293.84 114.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 320.24 114.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 368.97 114.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 392.43 114.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.56 114.57 Td (of ) Tj ET Q q 0 0 0 rg BT 412.70 114.57 Td (May ) Tj ET Q q 0 0 0 rg BT 432.84 114.57 Td (4, ) Tj ET Q q 0 0 0 rg BT 442.14 114.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 466.45 114.57 Td (by ) Tj ET Q q 0 0 0 rg BT 478.25 114.57 Td (and ) Tj ET Q q 0 0 0 rg BT 494.50 114.57 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 114.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 104.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 162.94 104.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 182.04 104.57 Td (as ) Tj ET Q q 0 0 0 rg BT 191.71 104.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 229.63 104.57 Td (, ) Tj ET Q q 0 0 0 rg BT 233.46 104.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 259.96 104.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 275.73 104.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 301.51 104.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 326.46 104.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 349.74 104.57 Td (as ) Tj ET Q q 0 0 0 rg BT 359.11 104.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 420.14 104.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 448.41 104.57 Td (and ) Tj ET Q q 0 0 0 rg BT 464.19 104.57 Td (the ) Tj ET Q q 0 0 0 rg BT 477.74 104.57 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.06 104.57 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 94.57 Td (party ) Tj ET Q q 0 0 0 rg BT 143.38 94.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 173.48 94.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 229.67 94.57 Td (by ) Tj ET Q q 0 0 0 rg BT 242.01 94.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 281.53 94.57 Td (to ) Tj ET Q q 0 0 0 rg BT 291.64 94.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 323.42 94.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 346.85 94.57 Td (of ) Tj ET Q q 0 0 0 rg BT 357.51 94.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 381.52 94.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 404.40 94.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 425.06 94.57 Td (by ) Tj ET Q q 0 0 0 rg BT 437.39 94.57 Td (the ) Tj ET Q q 0 0 0 rg BT 451.95 94.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.17 94.57 Td (on ) Tj ET Q q 0 0 0 rg BT 505.50 94.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.16 94.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.00 94.57 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 84.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 84.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 84.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (107) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 719 m 114 719 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 719 m 562 719 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 723.68 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 723.68 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 709.57 Td (10\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 151.49 709.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 202.92 709.57 Td (to ) Tj ET Q q 0 0 0 rg BT 212.26 709.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 253.13 709.57 Td (and ) Tj ET Q q 0 0 0 rg BT 269.56 709.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 305.99 709.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 332.54 709.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 381.46 709.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 405.12 709.57 Td (as ) Tj ET Q q 0 0 0 rg BT 415.44 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 425.77 709.57 Td (February ) Tj ET Q q 0 0 0 rg BT 463.86 709.57 Td (17, ) Tj ET Q q 0 0 0 rg BT 478.36 709.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 502.85 709.57 Td (by ) Tj ET Q q 0 0 0 rg BT 514.85 709.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 709.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 699.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 699.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 699.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 699.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 699.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 699.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 699.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 699.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 699.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 699.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 699.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 699.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 699.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 699.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 699.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 699.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 689.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 168.36 689.57 Td (party ) Tj ET Q q 0 0 0 rg BT 192.31 689.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 223.48 689.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 280.75 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 294.15 689.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 334.74 689.57 Td (to ) Tj ET Q q 0 0 0 rg BT 345.93 689.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 378.78 689.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 399.68 689.57 Td (of ) Tj ET Q q 0 0 0 rg BT 411.42 689.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 436.49 689.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 455.45 689.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 477.18 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 490.59 689.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.21 689.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.50 689.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 679.57 Td (February ) Tj ET Q q 0 0 0 rg BT 159.10 679.57 Td (23, ) Tj ET Q q 0 0 0 rg BT 174.10 679.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 199.10 679.57 Td (File ) Tj ET Q q 0 0 0 rg BT 217.16 679.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 234.38 679.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.57 Td (10\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (Third ) Tj ET Q q 0 0 0 rg BT 145.44 654.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 198.37 654.57 Td (to ) Tj ET Q q 0 0 0 rg BT 208.87 654.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 251.24 654.57 Td (and ) Tj ET Q q 0 0 0 rg BT 269.18 654.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 307.11 654.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 334.82 654.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 385.24 654.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 410.39 654.57 Td (as ) Tj ET Q q 0 0 0 rg BT 422.22 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 433.27 654.57 Td (April ) Tj ET Q q 0 0 0 rg BT 457.88 654.57 Td (18, ) Tj ET Q q 0 0 0 rg BT 473.87 654.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 499.87 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 513.36 654.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 654.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 644.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 644.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 644.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 644.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 644.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 644.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 644.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 644.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 644.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 644.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 644.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 644.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 644.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 644.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 644.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 634.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 166.94 634.57 Td (party ) Tj ET Q q 0 0 0 rg BT 189.48 634.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 219.23 634.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 275.08 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 287.07 634.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 326.25 634.57 Td (to ) Tj ET Q q 0 0 0 rg BT 336.02 634.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 367.45 634.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 386.94 634.57 Td (of ) Tj ET Q q 0 0 0 rg BT 397.26 634.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.92 634.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 438.46 634.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 458.77 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 470.76 634.57 Td (the ) Tj ET Q q 0 0 0 rg BT 484.97 634.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 525.85 634.57 Td (on ) Tj ET Q q 0 0 0 rg BT 537.40 634.57 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 624.57 Td (20, ) Tj ET Q q 0 0 0 rg BT 135.50 624.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 160.50 624.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 624.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 624.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.57 Td (10\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (Fourth ) Tj ET Q q 0 0 0 rg BT 150.02 599.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 203.12 599.57 Td (to ) Tj ET Q q 0 0 0 rg BT 213.75 599.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 256.29 599.57 Td (and ) Tj ET Q q 0 0 0 rg BT 274.39 599.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 312.48 599.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 340.33 599.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 390.91 599.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 416.23 599.57 Td (as ) Tj ET Q q 0 0 0 rg BT 428.22 599.57 Td (of ) Tj ET Q q 0 0 0 rg BT 440.21 599.57 Td (May ) Tj ET Q q 0 0 0 rg BT 462.20 599.57 Td (3, ) Tj ET Q q 0 0 0 rg BT 473.37 599.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 499.53 599.57 Td (by ) Tj ET Q q 0 0 0 rg BT 513.19 599.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 599.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 589.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 589.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 589.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 589.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 589.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 589.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 589.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 589.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 589.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 589.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 589.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 589.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 589.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 589.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 589.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 589.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 589.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 579.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 167.08 579.57 Td (party ) Tj ET Q q 0 0 0 rg BT 189.76 579.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 219.65 579.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 275.64 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 287.77 579.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 327.08 579.57 Td (to ) Tj ET Q q 0 0 0 rg BT 336.98 579.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 368.55 579.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 388.18 579.57 Td (of ) Tj ET Q q 0 0 0 rg BT 398.64 579.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 422.44 579.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 440.12 579.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 460.57 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 472.70 579.57 Td (the ) Tj ET Q q 0 0 0 rg BT 487.04 579.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.06 579.57 Td (on ) Tj ET Q q 0 0 0 rg BT 540.19 579.57 Td (May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 569.57 Td (4, ) Tj ET Q q 0 0 0 rg BT 130.50 569.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 155.50 569.57 Td (File ) Tj ET Q q 0 0 0 rg BT 173.56 569.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 190.78 569.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.57 Td (10\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 544.57 Td (Fifth ) Tj ET Q q 0 0 0 rg BT 141.96 544.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 193.96 544.57 Td (to ) Tj ET Q q 0 0 0 rg BT 203.75 544.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 245.20 544.57 Td (and ) Tj ET Q q 0 0 0 rg BT 262.22 544.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 299.23 544.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 326.23 544.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 375.73 544.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 399.96 544.57 Td (as ) Tj ET Q q 0 0 0 rg BT 410.87 544.57 Td (of ) Tj ET Q q 0 0 0 rg BT 421.77 544.57 Td (November ) Tj ET Q q 0 0 0 rg BT 466.55 544.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 476.63 544.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 501.71 544.57 Td (by ) Tj ET Q q 0 0 0 rg BT 514.28 544.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 544.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 534.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 534.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 534.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 534.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 534.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 534.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 534.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 534.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 534.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 534.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 534.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 534.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 534.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 534.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 534.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 524.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 167.79 524.57 Td (party ) Tj ET Q q 0 0 0 rg BT 191.17 524.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 221.76 524.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 278.46 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 291.29 524.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 331.31 524.57 Td (to ) Tj ET Q q 0 0 0 rg BT 341.92 524.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 374.20 524.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 398.69 524.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.86 524.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 434.36 524.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 457.74 524.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 478.90 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 491.74 524.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.79 524.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 524.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 514.57 Td (November ) Tj ET Q q 0 0 0 rg BT 165.21 514.57 Td (7, ) Tj ET Q q 0 0 0 rg BT 175.21 514.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 200.21 514.57 Td (File ) Tj ET Q q 0 0 0 rg BT 218.26 514.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 235.49 514.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.57 Td (10\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 489.57 Td (Sixth ) Tj ET Q q 0 0 0 rg BT 144.00 489.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 196.48 489.57 Td (to ) Tj ET Q q 0 0 0 rg BT 206.64 489.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 248.57 489.57 Td (and ) Tj ET Q q 0 0 0 rg BT 266.06 489.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 303.55 489.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 330.93 489.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 380.90 489.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 405.61 489.57 Td (as ) Tj ET Q q 0 0 0 rg BT 416.99 489.57 Td (of ) Tj ET Q q 0 0 0 rg BT 427.70 489.57 Td (August ) Tj ET Q q 0 0 0 rg BT 459.65 489.57 Td (13, ) Tj ET Q q 0 0 0 rg BT 475.20 489.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 500.75 489.57 Td (by ) Tj ET Q q 0 0 0 rg BT 513.81 489.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.30 489.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 479.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 479.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 479.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 479.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 479.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 479.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 479.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 479.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 479.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 479.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 479.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 479.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 479.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 479.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 479.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 479.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 479.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 469.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 168.36 469.57 Td (party ) Tj ET Q q 0 0 0 rg BT 192.31 469.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 223.48 469.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 280.75 469.57 Td (by ) Tj ET Q q 0 0 0 rg BT 294.15 469.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 334.74 469.57 Td (to ) Tj ET Q q 0 0 0 rg BT 345.93 469.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 378.78 469.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 399.68 469.57 Td (of ) Tj ET Q q 0 0 0 rg BT 411.42 469.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 436.49 469.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 455.45 469.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 477.18 469.57 Td (by ) Tj ET Q q 0 0 0 rg BT 490.59 469.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.21 469.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.50 469.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 459.57 Td (August ) Tj ET Q q 0 0 0 rg BT 151.89 459.57 Td (14, ) Tj ET Q q 0 0 0 rg BT 166.89 459.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 191.89 459.57 Td (File ) Tj ET Q q 0 0 0 rg BT 209.95 459.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 227.17 459.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 444.57 Td (10\(h\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 444.57 Td (Seventh ) Tj ET Q q 0 0 0 rg BT 155.29 444.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 208.02 444.57 Td (to ) Tj ET Q q 0 0 0 rg BT 218.37 444.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 260.55 444.57 Td (and ) Tj ET Q q 0 0 0 rg BT 278.29 444.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 316.02 444.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 343.59 444.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 393.81 444.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 418.76 444.57 Td (as ) Tj ET Q q 0 0 0 rg BT 430.39 444.57 Td (of ) Tj ET Q q 0 0 0 rg BT 442.02 444.57 Td (May ) Tj ET Q q 0 0 0 rg BT 463.65 444.57 Td (3, ) Tj ET Q q 0 0 0 rg BT 474.45 444.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 500.25 444.57 Td (by ) Tj ET Q q 0 0 0 rg BT 513.55 444.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 444.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 434.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 434.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 434.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 434.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 434.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 434.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 434.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 434.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 434.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 434.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 434.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 434.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 434.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 434.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 434.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 434.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 434.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 424.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 167.72 424.57 Td (party ) Tj ET Q q 0 0 0 rg BT 191.03 424.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 221.55 424.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 278.18 424.57 Td (by ) Tj ET Q q 0 0 0 rg BT 290.94 424.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 330.89 424.57 Td (to ) Tj ET Q q 0 0 0 rg BT 341.43 424.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 373.64 424.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 397.50 424.57 Td (on ) Tj ET Q q 0 0 0 rg BT 410.27 424.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 434.70 424.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 458.01 424.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 479.10 424.57 Td (by ) Tj ET Q q 0 0 0 rg BT 491.87 424.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.85 424.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.50 424.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 414.57 Td (May ) Tj ET Q q 0 0 0 rg BT 141.33 414.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 151.33 414.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 176.33 414.57 Td (File ) Tj ET Q q 0 0 0 rg BT 194.39 414.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 211.61 414.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 399.57 Td (10\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 399.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.64 399.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.39 399.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.67 399.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 235.51 399.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 260.08 399.57 Td (as ) Tj ET Q q 0 0 0 rg BT 271.33 399.57 Td (of ) Tj ET Q q 0 0 0 rg BT 282.58 399.57 Td (May ) Tj ET Q q 0 0 0 rg BT 303.83 399.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 319.25 399.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 344.67 399.57 Td (by ) Tj ET Q q 0 0 0 rg BT 357.59 399.57 Td (and ) Tj ET Q q 0 0 0 rg BT 374.95 399.57 Td (among ) Tj ET Q q 0 0 0 rg BT 405.08 399.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 442.99 399.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 487.01 399.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 507.70 399.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.82 399.57 Td (of ) Tj ET Q q 0 0 0 rg BT 549.07 399.57 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 389.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 173.10 389.57 Td (and ) Tj ET Q q 0 0 0 rg BT 190.22 389.57 Td (W) Tj ET Q q 0 0 0 rg BT 199.26 389.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 240.83 389.57 Td (T) Tj ET Q q 0 0 0 rg BT 246.59 389.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 266.98 389.57 Td (National ) Tj ET Q q 0 0 0 rg BT 303.66 389.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 356.27 389.57 Td (as ) Tj ET Q q 0 0 0 rg BT 367.28 389.57 Td (T) Tj ET Q q 0 0 0 rg BT 373.03 389.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 399.80 389.57 Td (and ) Tj ET Q q 0 0 0 rg BT 417.13 389.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 459.23 389.57 Td (T) Tj ET Q q 0 0 0 rg BT 464.99 389.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 491.76 389.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 389.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 379.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 379.57 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 379.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 379.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 222.40 379.57 Td (of ) Tj ET Q q 0 0 0 rg BT 233.23 379.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.40 379.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 275.46 379.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 296.28 379.57 Td (by ) Tj ET Q q 0 0 0 rg BT 308.78 379.57 Td (the ) Tj ET Q q 0 0 0 rg BT 323.50 379.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.88 379.57 Td (on ) Tj ET Q q 0 0 0 rg BT 377.38 379.57 Td (May ) Tj ET Q q 0 0 0 rg BT 398.21 379.57 Td (1) Tj ET Q q 0 0 0 rg BT 402.84 379.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 412.84 379.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 437.84 379.57 Td (File ) Tj ET Q q 0 0 0 rg BT 455.90 379.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 473.12 379.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.57 Td (10\(j\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 354.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.47 354.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.23 354.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.97 354.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 215.01 354.57 Td (, ) Tj ET Q q 0 0 0 rg BT 220.25 354.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 244.64 354.57 Td (as ) Tj ET Q q 0 0 0 rg BT 255.71 354.57 Td (of ) Tj ET Q q 0 0 0 rg BT 266.79 354.57 Td (December ) Tj ET Q q 0 0 0 rg BT 310.61 354.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 320.85 354.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 346.09 354.57 Td (by ) Tj ET Q q 0 0 0 rg BT 358.83 354.57 Td (and ) Tj ET Q q 0 0 0 rg BT 376.01 354.57 Td (among ) Tj ET Q q 0 0 0 rg BT 405.97 354.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 443.70 354.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 487.54 354.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 508.05 354.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.99 354.57 Td (of ) Tj ET Q q 0 0 0 rg BT 549.06 354.57 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 344.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 173.10 344.57 Td (and ) Tj ET Q q 0 0 0 rg BT 190.22 344.57 Td (W) Tj ET Q q 0 0 0 rg BT 199.26 344.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 240.83 344.57 Td (T) Tj ET Q q 0 0 0 rg BT 246.59 344.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 266.98 344.57 Td (National ) Tj ET Q q 0 0 0 rg BT 303.66 344.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 356.27 344.57 Td (as ) Tj ET Q q 0 0 0 rg BT 367.28 344.57 Td (T) Tj ET Q q 0 0 0 rg BT 373.03 344.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 399.80 344.57 Td (and ) Tj ET Q q 0 0 0 rg BT 417.13 344.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 459.23 344.57 Td (T) Tj ET Q q 0 0 0 rg BT 464.99 344.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 491.76 344.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 344.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 334.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 334.57 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 334.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 334.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 222.40 334.57 Td (of ) Tj ET Q q 0 0 0 rg BT 233.23 334.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.40 334.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 275.46 334.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 296.28 334.57 Td (by ) Tj ET Q q 0 0 0 rg BT 308.78 334.57 Td (the ) Tj ET Q q 0 0 0 rg BT 323.50 334.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.88 334.57 Td (on ) Tj ET Q q 0 0 0 rg BT 377.38 334.57 Td (December ) Tj ET Q q 0 0 0 rg BT 420.97 334.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 435.97 334.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 460.97 334.57 Td (File ) Tj ET Q q 0 0 0 rg BT 479.03 334.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 496.25 334.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 309.57 Td (10\(k\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 309.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.45 309.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.21 309.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.93 309.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 214.97 309.57 Td (, ) Tj ET Q q 0 0 0 rg BT 220.19 309.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 244.57 309.57 Td (as ) Tj ET Q q 0 0 0 rg BT 255.62 309.57 Td (of ) Tj ET Q q 0 0 0 rg BT 266.67 309.57 Td (January ) Tj ET Q q 0 0 0 rg BT 300.49 309.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 310.71 309.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 335.93 309.57 Td (among ) Tj ET Q q 0 0 0 rg BT 365.87 309.57 Td (the ) Tj ET Q q 0 0 0 rg BT 380.81 309.57 Td (Company) Tj ET Q q 0 0 0 rg BT 419.04 309.57 Td (, ) Tj ET Q q 0 0 0 rg BT 424.27 309.57 Td (the ) Tj ET Q q 0 0 0 rg BT 439.20 309.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 484.70 309.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 531.85 309.57 Td (named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 299.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 153.22 299.57 Td (W) Tj ET Q q 0 0 0 rg BT 162.26 299.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 203.60 299.57 Td (T) Tj ET Q q 0 0 0 rg BT 209.36 299.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 229.51 299.57 Td (National ) Tj ET Q q 0 0 0 rg BT 266.00 299.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 318.37 299.57 Td (as ) Tj ET Q q 0 0 0 rg BT 329.15 299.57 Td (T) Tj ET Q q 0 0 0 rg BT 334.91 299.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 363.93 299.57 Td (the ) Tj ET Q q 0 0 0 rg BT 378.79 299.57 Td (other ) Tj ET Q q 0 0 0 rg BT 401.99 299.57 Td (parity ) Tj ET Q q 0 0 0 rg BT 427.96 299.57 Td (lien ) Tj ET Q q 0 0 0 rg BT 445.60 299.57 Td (representatives ) Tj ET Q q 0 0 0 rg BT 508.22 299.57 Td (from ) Tj ET Q q 0 0 0 rg BT 530.30 299.57 Td (time ) Tj ET Q q 0 0 0 rg BT 550.72 299.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 289.57 Td (time ) Tj ET Q q 0 0 0 rg BT 140.16 289.57 Td (party ) Tj ET Q q 0 0 0 rg BT 162.59 289.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 192.25 289.57 Td (and ) Tj ET Q q 0 0 0 rg BT 208.44 289.57 Td (W) Tj ET Q q 0 0 0 rg BT 217.47 289.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 258.12 289.57 Td (T) Tj ET Q q 0 0 0 rg BT 263.87 289.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 283.26 289.57 Td (National ) Tj ET Q q 0 0 0 rg BT 319.16 289.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 370.77 289.57 Td (as ) Tj ET Q q 0 0 0 rg BT 380.99 289.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 422.17 289.57 Td (T) Tj ET Q q 0 0 0 rg BT 427.92 289.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 453.69 289.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 509.44 289.57 Td (by ) Tj ET Q q 0 0 0 rg BT 521.32 289.57 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 279.57 Td (to ) Tj ET Q q 0 0 0 rg BT 130.78 279.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 162.72 279.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 182.72 279.57 Td (of ) Tj ET Q q 0 0 0 rg BT 193.55 279.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 217.72 279.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 235.77 279.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 256.60 279.57 Td (by ) Tj ET Q q 0 0 0 rg BT 269.10 279.57 Td (the ) Tj ET Q q 0 0 0 rg BT 283.82 279.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.20 279.57 Td (on ) Tj ET Q q 0 0 0 rg BT 337.70 279.57 Td (January ) Tj ET Q q 0 0 0 rg BT 371.30 279.57 Td (1) Tj ET Q q 0 0 0 rg BT 375.93 279.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 385.93 279.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 410.93 279.57 Td (File ) Tj ET Q q 0 0 0 rg BT 428.99 279.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 446.21 279.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 254.57 Td (10\(l\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 254.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 163.20 254.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.96 254.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 187.49 254.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 216.53 254.57 Td (, ) Tj ET Q q 0 0 0 rg BT 222.56 254.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 247.74 254.57 Td (as ) Tj ET Q q 0 0 0 rg BT 259.60 254.57 Td (of ) Tj ET Q q 0 0 0 rg BT 270.68 254.57 Td (August ) Tj ET Q q 0 0 0 rg BT 303.10 254.57 Td (21, ) Tj ET Q q 0 0 0 rg BT 319.13 254.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 345.16 254.57 Td (between ) Tj ET Q q 0 0 0 rg BT 381.75 254.57 Td (W) Tj ET Q q 0 0 0 rg BT 390.79 254.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 432.95 254.57 Td (T) Tj ET Q q 0 0 0 rg BT 438.71 254.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 459.74 254.57 Td (National ) Tj ET Q q 0 0 0 rg BT 496.92 254.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 550.17 254.57 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Td (of ) Tj ET Q q 0 0 0 rg BT 151.33 234.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 175.50 234.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 193.55 234.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 214.38 234.57 Td (by ) Tj ET Q q 0 0 0 rg BT 226.88 234.57 Td (the ) Tj ET Q q 0 0 0 rg BT 241.59 234.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 282.98 234.57 Td (on ) Tj ET Q q 0 0 0 rg BT 294.93 234.57 Td (August ) Tj ET Q q 0 0 0 rg BT 326.32 234.57 Td (22, ) Tj ET Q q 0 0 0 rg BT 341.32 234.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 366.32 234.57 Td (File ) Tj ET Q q 0 0 0 rg BT 384.38 234.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 401.60 234.57 Td (001-12935\). ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.57 Td (10\(m\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 209.57 Td (Intercreditor ) Tj ET Q q 0 0 0 rg BT 172.54 209.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 222.12 209.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 246.43 209.57 Td (as ) Tj ET Q q 0 0 0 rg BT 257.41 209.57 Td (of ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.57 Td (10\(r\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.45 599.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.21 599.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.93 599.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 214.97 599.57 Td (, ) Tj ET Q q 0 0 0 rg BT 220.19 599.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 244.57 599.57 Td (as ) Tj ET Q q 0 0 0 rg BT 255.62 599.57 Td (of ) Tj ET Q q 0 0 0 rg BT 266.67 599.57 Td (January ) Tj ET Q q 0 0 0 rg BT 300.49 599.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 310.71 599.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 335.93 599.57 Td (among ) Tj ET Q q 0 0 0 rg BT 365.87 599.57 Td (the ) Tj ET Q q 0 0 0 rg BT 380.81 599.57 Td (Company) Tj ET Q q 0 0 0 rg BT 419.04 599.57 Td (, ) Tj ET Q q 0 0 0 rg BT 424.27 599.57 Td (the ) Tj ET Q q 0 0 0 rg BT 439.20 599.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 484.70 599.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 531.85 599.57 Td (named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 589.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 153.22 589.57 Td (W) Tj ET Q q 0 0 0 rg BT 162.26 589.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 203.60 589.57 Td (T) Tj ET Q q 0 0 0 rg BT 209.36 589.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 229.51 589.57 Td (National ) Tj ET Q q 0 0 0 rg BT 266.00 589.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 318.37 589.57 Td (as ) Tj ET Q q 0 0 0 rg BT 329.15 589.57 Td (T) Tj ET Q q 0 0 0 rg BT 334.91 589.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 363.93 589.57 Td (the ) Tj ET Q q 0 0 0 rg BT 378.79 589.57 Td (other ) Tj ET Q q 0 0 0 rg BT 401.99 589.57 Td (parity ) Tj ET Q q 0 0 0 rg BT 427.96 589.57 Td (lien ) Tj ET Q q 0 0 0 rg BT 445.60 589.57 Td (representatives ) Tj ET Q q 0 0 0 rg BT 508.22 589.57 Td (from ) Tj ET Q q 0 0 0 rg BT 530.30 589.57 Td (time ) Tj ET Q q 0 0 0 rg BT 550.72 589.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 579.57 Td (time ) Tj ET Q q 0 0 0 rg BT 140.16 579.57 Td (party ) Tj ET Q q 0 0 0 rg BT 162.59 579.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 192.25 579.57 Td (and ) Tj ET Q q 0 0 0 rg BT 208.44 579.57 Td (W) Tj ET Q q 0 0 0 rg BT 217.47 579.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 258.12 579.57 Td (T) Tj ET Q q 0 0 0 rg BT 263.87 579.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 283.26 579.57 Td (National ) Tj ET Q q 0 0 0 rg BT 319.16 579.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 370.77 579.57 Td (as ) Tj ET Q q 0 0 0 rg BT 380.99 579.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 422.17 579.57 Td (T) Tj ET Q q 0 0 0 rg BT 427.92 579.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 453.69 579.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 509.44 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 521.32 579.57 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 569.57 Td (to ) Tj ET Q q 0 0 0 rg BT 130.78 569.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 162.72 569.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 182.72 569.57 Td (of ) Tj ET Q q 0 0 0 rg BT 193.55 569.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 217.72 569.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 235.77 569.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 256.60 569.57 Td (by ) Tj ET Q q 0 0 0 rg BT 269.10 569.57 Td (the ) Tj ET Q q 0 0 0 rg BT 283.82 569.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.20 569.57 Td (on ) Tj ET Q q 0 0 0 rg BT 337.70 569.57 Td (January ) Tj ET Q q 0 0 0 rg BT 371.30 569.57 Td (1) Tj ET Q q 0 0 0 rg BT 375.93 569.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 385.93 569.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 410.93 569.57 Td (File ) Tj ET Q q 0 0 0 rg BT 428.99 569.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 446.21 569.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.57 Td (10\(s\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 544.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.58 544.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.33 544.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 186.19 544.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 215.22 544.57 Td (, ) Tj ET Q q 0 0 0 rg BT 220.58 544.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 245.08 544.57 Td (as ) Tj ET Q q 0 0 0 rg BT 256.27 544.57 Td (of ) Tj ET Q q 0 0 0 rg BT 267.45 544.57 Td (June ) Tj ET Q q 0 0 0 rg BT 288.63 544.57 Td (19, ) Tj ET Q q 0 0 0 rg BT 303.99 544.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 329.34 544.57 Td (by ) Tj ET Q q 0 0 0 rg BT 342.19 544.57 Td (and ) Tj ET Q q 0 0 0 rg BT 359.48 544.57 Td (between ) Tj ET Q q 0 0 0 rg BT 395.45 544.57 Td (W) Tj ET Q q 0 0 0 rg BT 404.48 544.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 446.02 544.57 Td (T) Tj ET Q q 0 0 0 rg BT 451.78 544.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 472.13 544.57 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 544.57 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 131.92 534.57 Td (T) Tj ET Q q 0 0 0 rg BT 137.67 534.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 167.38 534.57 Td (and ) Tj ET Q q 0 0 0 rg BT 184.90 534.57 Td (W) Tj ET Q q 0 0 0 rg BT 193.94 534.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 235.92 534.57 Td (T) Tj ET Q q 0 0 0 rg BT 241.67 534.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 262.50 534.57 Td (National ) Tj ET Q q 0 0 0 rg BT 299.53 534.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 352.57 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 364.23 534.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 406.74 534.57 Td (T) Tj ET Q q 0 0 0 rg BT 412.50 534.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 439.70 534.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 496.89 534.57 Td (by ) Tj ET Q q 0 0 0 rg BT 510.22 534.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 550.73 534.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 524.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 152.44 524.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 172.44 524.57 Td (of ) Tj ET Q q 0 0 0 rg BT 183.27 524.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 207.44 524.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 225.50 524.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 246.32 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 258.82 524.57 Td (the ) Tj ET Q q 0 0 0 rg BT 273.54 524.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.92 524.57 Td (on ) Tj ET Q q 0 0 0 rg BT 327.42 524.57 Td (June ) Tj ET Q q 0 0 0 rg BT 348.25 524.57 Td (24, ) Tj ET Q q 0 0 0 rg BT 363.25 524.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 388.25 524.57 Td (File ) Tj ET Q q 0 0 0 rg BT 406.31 524.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 423.53 524.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 499.57 Td (10\(t\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 499.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.31 499.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.06 499.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.63 499.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 214.66 499.57 Td (, ) Tj ET Q q 0 0 0 rg BT 219.73 499.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 243.94 499.57 Td (as ) Tj ET Q q 0 0 0 rg BT 254.84 499.57 Td (of ) Tj ET Q q 0 0 0 rg BT 265.73 499.57 Td (July ) Tj ET Q q 0 0 0 rg BT 284.96 499.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 295.02 499.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 320.09 499.57 Td (by ) Tj ET Q q 0 0 0 rg BT 332.65 499.57 Td (and ) Tj ET Q q 0 0 0 rg BT 349.65 499.57 Td (between ) Tj ET Q q 0 0 0 rg BT 385.34 499.57 Td (W) Tj ET Q q 0 0 0 rg BT 394.38 499.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 435.65 499.57 Td (T) Tj ET Q q 0 0 0 rg BT 441.41 499.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 461.47 499.57 Td (National ) Tj ET Q q 0 0 0 rg BT 497.90 499.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 550.18 499.57 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 489.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 489.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 154.26 489.57 Td (and ) Tj ET Q q 0 0 0 rg BT 170.21 489.57 Td (W) Tj ET Q q 0 0 0 rg BT 179.25 489.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 219.65 489.57 Td (T) Tj ET Q q 0 0 0 rg BT 225.41 489.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 244.53 489.57 Td (National ) Tj ET Q q 0 0 0 rg BT 280.23 489.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 331.58 489.57 Td (as ) Tj ET Q q 0 0 0 rg BT 341.54 489.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 382.48 489.57 Td (T) Tj ET Q q 0 0 0 rg BT 388.23 489.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 413.74 489.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 469.23 489.57 Td (by ) Tj ET Q q 0 0 0 rg BT 480.85 489.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 519.66 489.57 Td (to ) Tj ET Q q 0 0 0 rg BT 529.07 489.57 Td (Exhibit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 479.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 140.50 479.57 Td (of ) Tj ET Q q 0 0 0 rg BT 151.33 479.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 175.50 479.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 193.55 479.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 214.38 479.57 Td (by ) Tj ET Q q 0 0 0 rg BT 226.88 479.57 Td (the ) Tj ET Q q 0 0 0 rg BT 241.59 479.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 282.98 479.57 Td (on ) Tj ET Q q 0 0 0 rg BT 295.48 479.57 Td (July ) Tj ET Q q 0 0 0 rg BT 314.65 479.57 Td (2, ) Tj ET Q q 0 0 0 rg BT 324.65 479.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 349.65 479.57 Td (File ) Tj ET Q q 0 0 0 rg BT 367.71 479.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 384.93 479.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.57 Td (10\(u\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 454.57 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 155.35 454.57 Td (Financing ) Tj ET Q q 0 0 0 rg BT 197.43 454.57 Td (Lease ) Tj ET Q q 0 0 0 rg BT 222.37 454.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 271.37 454.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 295.11 454.57 Td (as ) Tj ET Q q 0 0 0 rg BT 305.52 454.57 Td (of ) Tj ET Q q 0 0 0 rg BT 315.93 454.57 Td (May ) Tj ET Q q 0 0 0 rg BT 336.35 454.57 Td (30, ) Tj ET Q q 0 0 0 rg BT 350.93 454.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 375.51 454.57 Td (by ) Tj ET Q q 0 0 0 rg BT 387.59 454.57 Td (and ) Tj ET Q q 0 0 0 rg BT 404.11 454.57 Td (between ) Tj ET Q q 0 0 0 rg BT 439.51 454.57 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 473.25 454.57 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 499.77 454.57 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 537.13 454.57 Td (LLC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 444.57 Td (as ) Tj ET Q q 0 0 0 rg BT 131.10 444.57 Td (Lessor) Tj ET Q q 0 0 0 rg BT 157.36 444.57 Td (, ) Tj ET Q q 0 0 0 rg BT 162.12 444.57 Td (and ) Tj ET Q q 0 0 0 rg BT 178.83 444.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 216.09 444.57 Td (Onshore, ) Tj ET Q q 0 0 0 rg BT 254.74 444.57 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 278.39 444.57 Td (as ) Tj ET Q q 0 0 0 rg BT 288.99 444.57 Td (Lessee ) Tj ET Q q 0 0 0 rg BT 318.46 444.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 374.59 444.57 Td (by ) Tj ET Q q 0 0 0 rg BT 386.86 444.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 426.31 444.57 Td (to ) Tj ET Q q 0 0 0 rg BT 436.35 444.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 468.06 444.57 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 487.83 444.57 Td (of ) Tj ET Q q 0 0 0 rg BT 498.43 444.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 522.36 444.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 540.18 444.57 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 434.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 434.57 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 434.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.10 434.57 Td (on ) Tj ET Q q 0 0 0 rg BT 201.60 434.57 Td (June ) Tj ET Q q 0 0 0 rg BT 222.43 434.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 232.43 434.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 257.43 434.57 Td (File ) Tj ET Q q 0 0 0 rg BT 275.49 434.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 292.71 434.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 409.57 Td (10\(v\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 409.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 409.57 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 182.04 409.57 Td (Services ) Tj ET Q q 0 0 0 rg BT 218.26 409.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 268.21 409.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 292.88 409.57 Td (as ) Tj ET Q q 0 0 0 rg BT 304.22 409.57 Td (of ) Tj ET Q q 0 0 0 rg BT 315.57 409.57 Td (May ) Tj ET Q q 0 0 0 rg BT 336.92 409.57 Td (30, ) Tj ET Q q 0 0 0 rg BT 352.43 409.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 377.95 409.57 Td (by ) Tj ET Q q 0 0 0 rg BT 390.97 409.57 Td (and ) Tj ET Q q 0 0 0 rg BT 408.42 409.57 Td (between ) Tj ET Q q 0 0 0 rg BT 444.75 409.57 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 479.43 409.57 Td (Free ) Tj ET Q q 0 0 0 rg BT 500.22 409.57 Td (State ) Tj ET Q q 0 0 0 rg BT 523.23 409.57 Td (Pipeline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 399.57 Td (LLC ) Tj ET Q q 0 0 0 rg BT 141.37 399.57 Td (and ) Tj ET Q q 0 0 0 rg BT 157.79 399.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 194.76 399.57 Td (Onshore, ) Tj ET Q q 0 0 0 rg BT 233.12 399.57 Td (LLC ) Tj ET Q q 0 0 0 rg BT 253.99 399.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 309.83 399.57 Td (by ) Tj ET Q q 0 0 0 rg BT 321.82 399.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 360.98 399.57 Td (to ) Tj ET Q q 0 0 0 rg BT 370.74 399.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 402.17 399.57 Td (99.2 ) Tj ET Q q 0 0 0 rg BT 421.65 399.57 Td (of ) Tj ET Q q 0 0 0 rg BT 431.96 399.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 455.61 399.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 473.14 399.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 493.45 399.57 Td (by ) Tj ET Q q 0 0 0 rg BT 505.43 399.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.63 399.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 389.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 389.57 Td (June ) Tj ET Q q 0 0 0 rg BT 153.83 389.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 163.83 389.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 188.83 389.57 Td (File ) Tj ET Q q 0 0 0 rg BT 206.89 389.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 224.11 389.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.57 Td (10\(w\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 364.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 145.40 364.57 Td (of ) Tj ET Q q 0 0 0 rg BT 156.95 364.57 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 223.33 364.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 273.48 364.57 Td (by ) Tj ET Q q 0 0 0 rg BT 286.70 364.57 Td (and ) Tj ET Q q 0 0 0 rg BT 304.37 364.57 Td (between ) Tj ET Q q 0 0 0 rg BT 340.91 364.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 379.12 364.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 423.45 364.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 441.94 364.57 Td (and ) Tj ET Q q 0 0 0 rg BT 459.60 364.57 Td (its ) Tj ET Q q 0 0 0 rg BT 472.28 364.57 Td (of) Tj ET Q q 0 0 0 rg BT 480.43 364.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 505.86 364.57 Td (and ) Tj ET Q q 0 0 0 rg BT 523.52 364.57 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 354.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 176.37 354.57 Td (by ) Tj ET Q q 0 0 0 rg BT 188.38 354.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 227.57 354.57 Td (to ) Tj ET Q q 0 0 0 rg BT 237.36 354.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 268.81 354.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 291.92 354.57 Td (of ) Tj ET Q q 0 0 0 rg BT 302.26 354.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 325.94 354.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 348.50 354.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 368.83 354.57 Td (by ) Tj ET Q q 0 0 0 rg BT 380.84 354.57 Td (the ) Tj ET Q q 0 0 0 rg BT 395.07 354.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.97 354.57 Td (on ) Tj ET Q q 0 0 0 rg BT 447.98 354.57 Td (November ) Tj ET Q q 0 0 0 rg BT 492.19 354.57 Td (7, ) Tj ET Q q 0 0 0 rg BT 501.70 354.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 526.21 354.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.78 354.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 344.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 319.57 Td (10\(x\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 319.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 159.98 319.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 205.56 319.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 225.32 319.57 Td (Director ) Tj ET Q q 0 0 0 rg BT 263.12 319.57 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 303.14 319.57 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 365.40 319.57 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 390.17 319.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.98 319.57 Td (amended ) Tj ET Q q 0 0 0 rg BT 443.57 319.57 Td (and ) Tj ET Q q 0 0 0 rg BT 462.49 319.57 Td (restated ) Tj ET Q q 0 0 0 rg BT 498.07 319.57 Td (ef) Tj ET Q q 0 0 0 rg BT 505.66 319.57 Td (fective ) Tj ET Q q 0 0 0 rg BT 537.35 319.57 Td (as ) Tj ET Q q 0 0 0 rg BT 550.17 319.57 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 309.57 Td (December ) Tj ET Q q 0 0 0 rg BT 163.39 309.57 Td (16, ) Tj ET Q q 0 0 0 rg BT 177.69 309.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 199.49 309.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 255.15 309.57 Td (by ) Tj ET Q q 0 0 0 rg BT 266.96 309.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 305.94 309.57 Td (to ) Tj ET Q q 0 0 0 rg BT 315.52 309.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 346.76 309.57 Td (10\(i\) ) Tj ET Q q 0 0 0 rg BT 368.00 309.57 Td (of ) Tj ET Q q 0 0 0 rg BT 378.14 309.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 401.61 309.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 423.96 309.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 444.09 309.57 Td (by ) Tj ET Q q 0 0 0 rg BT 455.89 309.57 Td (the ) Tj ET Q q 0 0 0 rg BT 469.91 309.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.60 309.57 Td (on ) Tj ET Q q 0 0 0 rg BT 522.40 309.57 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 299.57 Td (26, ) Tj ET Q q 0 0 0 rg BT 135.50 299.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 160.50 299.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 299.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 299.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 139.57 Td (10\(bb\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 139.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 142.02 139.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 165.21 139.57 Td (of ) Tj ET Q q 0 0 0 rg BT 175.05 139.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 217.11 139.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 241.07 139.57 Td (A) Tj ET Q q 0 0 0 rg BT 247.38 139.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 268.88 139.57 Td (that ) Tj ET Q q 0 0 0 rg BT 285.40 139.57 Td (vests ) Tj ET Q q 0 0 0 rg BT 306.92 139.57 Td (on ) Tj ET Q q 0 0 0 rg BT 318.43 139.57 Td (retirement ) Tj ET Q q 0 0 0 rg BT 361.04 139.57 Td (for ) Tj ET Q q 0 0 0 rg BT 374.22 139.57 Td (grants ) Tj ET Q q 0 0 0 rg BT 400.17 139.57 Td (to ) Tj ET Q q 0 0 0 rg BT 409.47 139.57 Td (of) Tj ET Q q 0 0 0 rg BT 417.62 139.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 441.34 139.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 477.30 139.57 Td (to ) Tj ET Q q 0 0 0 rg BT 486.59 139.57 Td (the ) Tj ET Q q 0 0 0 rg BT 500.33 139.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 521.85 139.57 Td (Omnibus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 129.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.89 129.57 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 129.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 202.75 129.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 223.14 129.57 Td (for ) Tj ET Q q 0 0 0 rg BT 237.41 129.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 275.01 129.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 318.72 129.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 336.59 129.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 393.07 129.57 Td (by ) Tj ET Q q 0 0 0 rg BT 405.68 129.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 445.47 129.57 Td (to ) Tj ET Q q 0 0 0 rg BT 455.86 129.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 487.91 129.57 Td (10\(l\) ) Tj ET Q q 0 0 0 rg BT 509.96 129.57 Td (of ) Tj ET Q q 0 0 0 rg BT 520.90 129.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.18 129.57 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 119.57 Td (K ) Tj ET Q q 0 0 0 rg BT 130.22 119.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 151.05 119.57 Td (by ) Tj ET Q q 0 0 0 rg BT 163.55 119.57 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 119.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.65 119.57 Td (on ) Tj ET Q q 0 0 0 rg BT 232.15 119.57 Td (March ) Tj ET Q q 0 0 0 rg BT 260.75 119.57 Td (15, ) Tj ET Q q 0 0 0 rg BT 275.75 119.57 Td (2005, ) Tj ET Q q 0 0 0 rg BT 300.75 119.57 Td (File ) Tj ET Q q 0 0 0 rg BT 318.81 119.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 336.03 119.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 94.57 Td (10\(cc\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 94.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 142.66 94.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.49 94.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.83 94.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 197.33 94.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 250.10 94.57 Td (A) Tj ET Q q 0 0 0 rg BT 256.40 94.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 308.55 94.57 Td (under ) Tj ET Q q 0 0 0 rg BT 333.48 94.57 Td (the ) Tj ET Q q 0 0 0 rg BT 347.86 94.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 370.02 94.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 408.86 94.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 433.80 94.57 Td (and ) Tj ET Q q 0 0 0 rg BT 450.40 94.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 489.76 94.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.70 94.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 94.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 84.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.49 84.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.64 84.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.39 84.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.28 84.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.35 84.57 Td (to ) Tj ET Q q 0 0 0 rg BT 297.01 84.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.34 84.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 351.33 84.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.55 84.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.10 84.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.54 84.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.76 84.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.64 84.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.75 84.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.52 84.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.41 84.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.63 84.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.01 84.57 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 74.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 74.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 74.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (109) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 719 m 114 719 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 719 m 562 719 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 723.68 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 723.68 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 709.57 Td (10\(dd\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.11 709.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.40 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.16 709.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 199.11 709.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 252.23 709.57 Td (A) Tj ET Q q 0 0 0 rg BT 258.54 709.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 304.47 709.57 Td (under ) Tj ET Q q 0 0 0 rg BT 329.85 709.57 Td (the ) Tj ET Q q 0 0 0 rg BT 344.69 709.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 367.30 709.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 406.58 709.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 431.98 709.57 Td (and ) Tj ET Q q 0 0 0 rg BT 449.03 709.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 488.85 709.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.24 709.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 709.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 699.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.45 699.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.58 699.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.30 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.15 699.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.19 699.57 Td (to ) Tj ET Q q 0 0 0 rg BT 296.82 699.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.12 699.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 351.64 699.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.82 699.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.35 699.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.76 699.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.94 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.79 699.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.86 699.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.61 699.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.46 699.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.65 699.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.00 699.57 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 689.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 689.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 689.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.57 Td (10\(ee\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 664.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.49 664.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.16 664.57 Td (of ) Tj ET Q q 0 0 0 rg BT 179.48 664.57 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 226.35 664.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 279.77 664.57 Td (A) Tj ET Q q 0 0 0 rg BT 286.07 664.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 339.05 664.57 Td (under ) Tj ET Q q 0 0 0 rg BT 364.81 664.57 Td (the ) Tj ET Q q 0 0 0 rg BT 380.02 664.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 403.02 664.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 442.68 664.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 468.45 664.57 Td (and ) Tj ET Q q 0 0 0 rg BT 485.88 664.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 526.08 664.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 664.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.75 654.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 201.11 654.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 218.64 654.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 274.77 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 287.03 654.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 326.48 654.57 Td (to ) Tj ET Q q 0 0 0 rg BT 336.52 654.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 368.22 654.57 Td (10\(mm\) ) Tj ET Q q 0 0 0 rg BT 402.70 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 413.29 654.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 437.23 654.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 460.04 654.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 480.63 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 492.89 654.57 Td (the ) Tj ET Q q 0 0 0 rg BT 507.37 654.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.52 654.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (March ) Tj ET Q q 0 0 0 rg BT 149.10 644.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 159.10 644.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 184.10 644.57 Td (File ) Tj ET Q q 0 0 0 rg BT 202.16 644.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 219.38 644.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 619.57 Td (10\(f) Tj ET Q q 0 0 0 rg BT 69.07 619.57 Td (f\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 619.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.98 619.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 169.12 619.57 Td (of ) Tj ET Q q 0 0 0 rg BT 180.93 619.57 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 228.29 619.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 282.08 619.57 Td (A) Tj ET Q q 0 0 0 rg BT 288.39 619.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 335.18 619.57 Td (under ) Tj ET Q q 0 0 0 rg BT 361.43 619.57 Td (the ) Tj ET Q q 0 0 0 rg BT 377.12 619.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 400.60 619.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 440.74 619.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 467.00 619.57 Td (and ) Tj ET Q q 0 0 0 rg BT 484.91 619.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 525.59 619.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 619.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 609.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.10 609.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 201.81 609.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 219.68 609.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 276.16 609.57 Td (by ) Tj ET Q q 0 0 0 rg BT 288.76 609.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 328.56 609.57 Td (to ) Tj ET Q q 0 0 0 rg BT 338.94 609.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 371.00 609.57 Td (10\(nn\) ) Tj ET Q q 0 0 0 rg BT 400.26 609.57 Td (of ) Tj ET Q q 0 0 0 rg BT 411.20 609.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 435.48 609.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 458.64 609.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 479.58 609.57 Td (by ) Tj ET Q q 0 0 0 rg BT 492.19 609.57 Td (the ) Tj ET Q q 0 0 0 rg BT 507.01 609.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 609.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (March ) Tj ET Q q 0 0 0 rg BT 149.10 599.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 159.10 599.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 184.10 599.57 Td (File ) Tj ET Q q 0 0 0 rg BT 202.16 599.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 219.38 599.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.57 Td (10\(gg\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 574.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.58 574.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.34 574.57 Td (of ) Tj ET Q q 0 0 0 rg BT 179.75 574.57 Td (Oil ) Tj ET Q q 0 0 0 rg BT 195.62 574.57 Td (Price ) Tj ET Q q 0 0 0 rg BT 219.25 574.57 Td (Change ) Tj ET Q q 0 0 0 rg BT 252.88 574.57 Td (vs. ) Tj ET Q q 0 0 0 rg BT 267.14 574.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 288.56 574.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 342.05 574.57 Td (A) Tj ET Q q 0 0 0 rg BT 348.35 574.57 Td (ward, ) Tj ET Q q 0 0 0 rg BT 373.93 574.57 Td (under ) Tj ET Q q 0 0 0 rg BT 399.78 574.57 Td (the ) Tj ET Q q 0 0 0 rg BT 415.08 574.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 438.17 574.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 477.92 574.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 503.79 574.57 Td (and ) Tj ET Q q 0 0 0 rg BT 521.31 574.57 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 564.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 139.92 564.57 Td (for ) Tj ET Q q 0 0 0 rg BT 153.22 564.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 189.85 564.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 232.59 564.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 249.49 564.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 305.00 564.57 Td (by ) Tj ET Q q 0 0 0 rg BT 316.64 564.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 355.46 564.57 Td (to ) Tj ET Q q 0 0 0 rg BT 364.88 564.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 395.96 564.57 Td (10\(e\) ) Tj ET Q q 0 0 0 rg BT 418.70 564.57 Td (of ) Tj ET Q q 0 0 0 rg BT 428.67 564.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 451.98 564.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 474.17 564.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 494.13 564.57 Td (by ) Tj ET Q q 0 0 0 rg BT 505.77 564.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.63 564.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 554.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 554.57 Td (May ) Tj ET Q q 0 0 0 rg BT 153.83 554.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 163.83 554.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 188.83 554.57 Td (File ) Tj ET Q q 0 0 0 rg BT 206.89 554.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 224.11 554.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.57 Td (10\(hh\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 529.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.20 529.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.57 529.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.60 529.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 221.84 529.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 246.72 529.57 Td (A) Tj ET Q q 0 0 0 rg BT 253.02 529.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 275.71 529.57 Td (to ) Tj ET Q q 0 0 0 rg BT 286.19 529.57 Td (of) Tj ET Q q 0 0 0 rg BT 294.34 529.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 319.25 529.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 356.38 529.57 Td (to ) Tj ET Q q 0 0 0 rg BT 366.86 529.57 Td (the ) Tj ET Q q 0 0 0 rg BT 381.78 529.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 404.48 529.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 443.85 529.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 469.33 529.57 Td (and ) Tj ET Q q 0 0 0 rg BT 486.47 529.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 526.37 529.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 529.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 519.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.10 519.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 201.81 519.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 219.68 519.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 276.16 519.57 Td (by ) Tj ET Q q 0 0 0 rg BT 288.76 519.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 328.56 519.57 Td (to ) Tj ET Q q 0 0 0 rg BT 338.94 519.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 371.00 519.57 Td (10\(pp\) ) Tj ET Q q 0 0 0 rg BT 400.26 519.57 Td (of ) Tj ET Q q 0 0 0 rg BT 411.20 519.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 435.48 519.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 458.64 519.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 479.58 519.57 Td (by ) Tj ET Q q 0 0 0 rg BT 492.19 519.57 Td (the ) Tj ET Q q 0 0 0 rg BT 507.01 519.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 519.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 509.57 Td (March ) Tj ET Q q 0 0 0 rg BT 149.10 509.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 159.10 509.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 184.10 509.57 Td (File ) Tj ET Q q 0 0 0 rg BT 202.16 509.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 219.38 509.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 484.57 Td (10\(ii\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 484.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.89 484.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.95 484.57 Td (of ) Tj ET Q q 0 0 0 rg BT 180.67 484.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 224.60 484.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 250.02 484.57 Td (A) Tj ET Q q 0 0 0 rg BT 256.33 484.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.71 484.57 Td (to ) Tj ET Q q 0 0 0 rg BT 290.88 484.57 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 351.47 484.57 Td (directors ) Tj ET Q q 0 0 0 rg BT 389.84 484.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 427.67 484.57 Td (to ) Tj ET Q q 0 0 0 rg BT 438.84 484.57 Td (the ) Tj ET Q q 0 0 0 rg BT 454.45 484.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 477.84 484.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 517.90 484.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 544.07 484.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 474.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 159.97 474.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 180.01 474.57 Td (for ) Tj ET Q q 0 0 0 rg BT 193.93 474.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 231.18 474.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 274.55 474.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 292.08 474.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 348.20 474.57 Td (by ) Tj ET Q q 0 0 0 rg BT 360.47 474.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 399.91 474.57 Td (to ) Tj ET Q q 0 0 0 rg BT 409.95 474.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 441.66 474.57 Td (10\(qq\) ) Tj ET Q q 0 0 0 rg BT 470.58 474.57 Td (of ) Tj ET Q q 0 0 0 rg BT 481.18 474.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 505.11 474.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 527.92 474.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 548.51 474.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 464.57 Td (the ) Tj ET Q q 0 0 0 rg BT 135.22 464.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 176.60 464.57 Td (on ) Tj ET Q q 0 0 0 rg BT 189.10 464.57 Td (March ) Tj ET Q q 0 0 0 rg BT 217.70 464.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 227.70 464.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 252.70 464.57 Td (File ) Tj ET Q q 0 0 0 rg BT 270.76 464.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 287.98 464.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 394.57 Td (10\(kk\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 394.57 Td (Standalone ) Tj ET Q q 0 0 0 rg BT 168.10 394.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 211.80 394.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 237.74 394.57 Td (New ) Tj ET Q q 0 0 0 rg BT 259.78 394.57 Td (Hire ) Tj ET Q q 0 0 0 rg BT 280.71 394.57 Td (Inducement ) Tj ET Q q 0 0 0 rg BT 330.38 394.57 Td (A) Tj ET Q q 0 0 0 rg BT 336.69 394.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 359.14 394.57 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 406.73 394.57 Td (between ) Tj ET Q q 0 0 0 rg BT 443.21 394.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 481.36 394.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 525.63 394.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 544.06 394.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 384.57 Td (Christian ) Tj ET Q q 0 0 0 rg BT 159.37 384.57 Td (S. ) Tj ET Q q 0 0 0 rg BT 169.65 384.57 Td (Kendall, ) Tj ET Q q 0 0 0 rg BT 206.01 384.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 229.88 384.57 Td (September ) Tj ET Q q 0 0 0 rg BT 274.85 384.57 Td (8, ) Tj ET Q q 0 0 0 rg BT 284.56 384.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 306.77 384.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 362.84 384.57 Td (by ) Tj ET Q q 0 0 0 rg BT 375.05 384.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 414.44 384.57 Td (to ) Tj ET Q q 0 0 0 rg BT 424.43 384.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 456.08 384.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 475.79 384.57 Td (of ) Tj ET Q q 0 0 0 rg BT 486.33 384.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 510.21 384.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 527.97 384.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 548.51 384.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 374.57 Td (the ) Tj ET Q q 0 0 0 rg BT 135.22 374.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 176.60 374.57 Td (on ) Tj ET Q q 0 0 0 rg BT 189.10 374.57 Td (September ) Tj ET Q q 0 0 0 rg BT 234.37 374.57 Td (8, ) Tj ET Q q 0 0 0 rg BT 244.37 374.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 269.37 374.57 Td (File ) Tj ET Q q 0 0 0 rg BT 287.42 374.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 304.65 374.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 484.57 Td (10\(ww\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 484.57 Td (2019 ) Tj ET Q q 0 0 0 rg BT 142.66 484.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.49 484.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.83 484.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 197.33 484.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 250.10 484.57 Td (A) Tj ET Q q 0 0 0 rg BT 256.40 484.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 308.55 484.57 Td (under ) Tj ET Q q 0 0 0 rg BT 333.48 484.57 Td (the ) Tj ET Q q 0 0 0 rg BT 347.86 484.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 370.02 484.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 408.86 484.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 433.80 484.57 Td (and ) Tj ET Q q 0 0 0 rg BT 450.40 484.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 489.76 484.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.70 484.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 484.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 474.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.49 474.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.64 474.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.39 474.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.28 474.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.35 474.57 Td (to ) Tj ET Q q 0 0 0 rg BT 297.01 474.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.34 474.57 Td (10\(c\) ) Tj ET Q q 0 0 0 rg BT 351.33 474.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.55 474.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.10 474.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.54 474.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.76 474.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.64 474.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.75 474.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.52 474.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.41 474.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.63 474.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 536.01 474.57 Td (2019, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 464.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 464.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 464.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 439.57 Td (10\(xx\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 439.57 Td (2018 ) Tj ET Q q 0 0 0 rg BT 143.16 439.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.49 439.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.48 439.57 Td (Debt-Adjusted ) Tj ET Q q 0 0 0 rg BT 240.02 439.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 278.78 439.57 Td (Growth ) Tj ET Q q 0 0 0 rg BT 311.99 439.57 Td (Per ) Tj ET Q q 0 0 0 rg BT 327.99 439.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 353.42 439.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 406.57 439.57 Td (A) Tj ET Q q 0 0 0 rg BT 412.88 439.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 458.86 439.57 Td (under ) Tj ET Q q 0 0 0 rg BT 484.29 439.57 Td (the ) Tj ET Q q 0 0 0 rg BT 499.17 439.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 521.83 439.57 Td (Omnibus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 429.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.78 429.57 Td (and ) Tj ET Q q 0 0 0 rg BT 162.73 429.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 202.44 429.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 222.72 429.57 Td (for ) Tj ET Q q 0 0 0 rg BT 236.89 429.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 274.39 429.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 317.99 429.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 335.77 429.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 392.13 429.57 Td (by ) Tj ET Q q 0 0 0 rg BT 404.64 429.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 444.33 429.57 Td (to ) Tj ET Q q 0 0 0 rg BT 454.61 429.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 486.56 429.57 Td (10\(e\) ) Tj ET Q q 0 0 0 rg BT 510.17 429.57 Td (of ) Tj ET Q q 0 0 0 rg BT 521.01 429.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.18 429.57 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 419.57 Td (Q ) Tj ET Q q 0 0 0 rg BT 130.22 419.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 151.05 419.57 Td (by ) Tj ET Q q 0 0 0 rg BT 163.55 419.57 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 419.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.65 419.57 Td (on ) Tj ET Q q 0 0 0 rg BT 232.15 419.57 Td (May ) Tj ET Q q 0 0 0 rg BT 252.98 419.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 267.98 419.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 292.98 419.57 Td (File ) Tj ET Q q 0 0 0 rg BT 311.04 419.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 328.26 419.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 394.57 Td (10\(yy\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 394.57 Td (2019 ) Tj ET Q q 0 0 0 rg BT 143.16 394.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.49 394.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.48 394.57 Td (Debt-Adjusted ) Tj ET Q q 0 0 0 rg BT 240.02 394.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 278.78 394.57 Td (Growth ) Tj ET Q q 0 0 0 rg BT 311.99 394.57 Td (Per ) Tj ET Q q 0 0 0 rg BT 327.99 394.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 353.42 394.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 406.57 394.57 Td (A) Tj ET Q q 0 0 0 rg BT 412.88 394.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 458.86 394.57 Td (under ) Tj ET Q q 0 0 0 rg BT 484.29 394.57 Td (the ) Tj ET Q q 0 0 0 rg BT 499.17 394.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 521.83 394.57 Td (Omnibus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 384.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.75 384.57 Td (and ) Tj ET Q q 0 0 0 rg BT 162.66 384.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 202.33 384.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 222.58 384.57 Td (for ) Tj ET Q q 0 0 0 rg BT 236.71 384.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 274.17 384.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 317.74 384.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 335.48 384.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 391.81 384.57 Td (by ) Tj ET Q q 0 0 0 rg BT 404.28 384.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 443.94 384.57 Td (to ) Tj ET Q q 0 0 0 rg BT 454.19 384.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 486.10 384.57 Td (10\(d\) ) Tj ET Q q 0 0 0 rg BT 510.23 384.57 Td (of ) Tj ET Q q 0 0 0 rg BT 521.03 384.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.17 384.57 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 374.57 Td (Q ) Tj ET Q q 0 0 0 rg BT 130.22 374.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 151.05 374.57 Td (by ) Tj ET Q q 0 0 0 rg BT 163.55 374.57 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 374.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.65 374.57 Td (on ) Tj ET Q q 0 0 0 rg BT 232.15 374.57 Td (May ) Tj ET Q q 0 0 0 rg BT 252.98 374.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 262.98 374.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 287.98 374.57 Td (File ) Tj ET Q q 0 0 0 rg BT 306.04 374.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 323.26 374.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 349.57 Td (10\(zz\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 349.57 Td (2018 ) Tj ET Q q 0 0 0 rg BT 142.64 349.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.45 349.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.92 349.57 Td (Debt-Adjusted ) Tj ET Q q 0 0 0 rg BT 237.94 349.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 276.18 349.57 Td (Growth ) Tj ET Q q 0 0 0 rg BT 308.87 349.57 Td (Per ) Tj ET Q q 0 0 0 rg BT 324.34 349.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 349.25 349.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 402.00 349.57 Td (A) Tj ET Q q 0 0 0 rg BT 408.30 349.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 460.43 349.57 Td (under ) Tj ET Q q 0 0 0 rg BT 485.34 349.57 Td (the ) Tj ET Q q 0 0 0 rg BT 499.69 349.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 521.83 349.57 Td (Omnibus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 339.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.85 339.57 Td (and ) Tj ET Q q 0 0 0 rg BT 162.87 339.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 202.65 339.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 223.00 339.57 Td (for ) Tj ET Q q 0 0 0 rg BT 237.24 339.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 274.80 339.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 318.48 339.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 336.32 339.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 392.76 339.57 Td (by ) Tj ET Q q 0 0 0 rg BT 405.33 339.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 445.09 339.57 Td (to ) Tj ET Q q 0 0 0 rg BT 455.45 339.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 487.47 339.57 Td (10\(f\) ) Tj ET Q q 0 0 0 rg BT 510.03 339.57 Td (of ) Tj ET Q q 0 0 0 rg BT 520.94 339.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.18 339.57 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 329.57 Td (Q ) Tj ET Q q 0 0 0 rg BT 130.22 329.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 151.05 329.57 Td (by ) Tj ET Q q 0 0 0 rg BT 163.55 329.57 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 329.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.65 329.57 Td (on ) Tj ET Q q 0 0 0 rg BT 232.15 329.57 Td (May ) Tj ET Q q 0 0 0 rg BT 252.98 329.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 267.98 329.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 292.98 329.57 Td (File ) Tj ET Q q 0 0 0 rg BT 311.04 329.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 328.26 329.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 304.57 Td (10\(aaa\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 304.57 Td (2019 ) Tj ET Q q 0 0 0 rg BT 142.64 304.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.45 304.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.92 304.57 Td (Debt-Adjusted ) Tj ET Q q 0 0 0 rg BT 237.94 304.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 276.18 304.57 Td (Growth ) Tj ET Q q 0 0 0 rg BT 308.87 304.57 Td (Per ) Tj ET Q q 0 0 0 rg BT 324.34 304.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 349.25 304.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 402.00 304.57 Td (A) Tj ET Q q 0 0 0 rg BT 408.30 304.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 460.43 304.57 Td (under ) Tj ET Q q 0 0 0 rg BT 485.34 304.57 Td (the ) Tj ET Q q 0 0 0 rg BT 499.69 304.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 521.83 304.57 Td (Omnibus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 294.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.78 294.57 Td (and ) Tj ET Q q 0 0 0 rg BT 162.73 294.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 202.44 294.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 222.72 294.57 Td (for ) Tj ET Q q 0 0 0 rg BT 236.89 294.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 274.39 294.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 317.99 294.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 335.77 294.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 392.13 294.57 Td (by ) Tj ET Q q 0 0 0 rg BT 404.64 294.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 444.33 294.57 Td (to ) Tj ET Q q 0 0 0 rg BT 454.61 294.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 486.56 294.57 Td (10\(e\) ) Tj ET Q q 0 0 0 rg BT 510.17 294.57 Td (of ) Tj ET Q q 0 0 0 rg BT 521.01 294.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.18 294.57 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 284.57 Td (Q ) Tj ET Q q 0 0 0 rg BT 130.22 284.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 151.05 284.57 Td (by ) Tj ET Q q 0 0 0 rg BT 163.55 284.57 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 284.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.65 284.57 Td (on ) Tj ET Q q 0 0 0 rg BT 232.15 284.57 Td (May ) Tj ET Q q 0 0 0 rg BT 252.98 284.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 262.98 284.57 Td (2019, ) Tj ET Q q 0 0 0 rg BT 287.98 284.57 Td (File ) Tj ET Q q 0 0 0 rg BT 306.04 284.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 323.26 284.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 259.57 Td (10\(bbb\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 259.57 Td (2018 ) Tj ET Q q 0 0 0 rg BT 143.20 259.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.57 259.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.60 259.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 221.84 259.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 246.72 259.57 Td (A) Tj ET Q q 0 0 0 rg BT 253.02 259.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 275.71 259.57 Td (to ) Tj ET Q q 0 0 0 rg BT 286.19 259.57 Td (of) Tj ET Q q 0 0 0 rg BT 294.34 259.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 319.25 259.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 356.38 259.57 Td (to ) Tj ET Q q 0 0 0 rg BT 366.86 259.57 Td (the ) Tj ET Q q 0 0 0 rg BT 381.78 259.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 404.48 259.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 443.85 259.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 469.33 259.57 Td (and ) Tj ET Q q 0 0 0 rg BT 486.47 259.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 526.37 259.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 259.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 249.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.45 249.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 202.50 249.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 220.73 249.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 277.55 249.57 Td (by ) Tj ET Q q 0 0 0 rg BT 290.50 249.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 330.64 249.57 Td (to ) Tj ET Q q 0 0 0 rg BT 341.38 249.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 373.78 249.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 397.83 249.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.12 249.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 433.74 249.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 457.25 249.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 478.53 249.57 Td (by ) Tj ET Q q 0 0 0 rg BT 491.49 249.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.66 249.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 249.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 239.57 Td (August ) Tj ET Q q 0 0 0 rg BT 151.89 239.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 161.89 239.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 186.89 239.57 Td (File ) Tj ET Q q 0 0 0 rg BT 204.95 239.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 222.17 239.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 30.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 30.60 Td (13) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 718 m 562 718 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 663 m 562 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 608 m 562 608 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 723.57 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 722.67 Td (/s/ L) Tj ET Q q 0 0 0 rg BT 270.28 722.67 Td (ynn ) Tj ET Q q 0 0 0 rg BT 287.23 722.67 Td (A. Peterson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 707.67 Td (L) Tj ET Q q 0 0 0 rg BT 258.06 707.67 Td (ynn ) Tj ET Q q 0 0 0 rg BT 275.00 707.67 Td (A. Peterson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 697.67 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 668.57 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 667.67 Td (/s/ Randy Stein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 652.67 Td (Randy Stein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 642.67 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.57 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 612.67 Td (/s/ Mary M. ) Tj ET Q q 0 0 0 rg BT 302.32 612.67 Td (V) Tj ET Q q 0 0 0 rg BT 308.43 612.67 Td (anDeW) Tj ET Q q 0 0 0 rg BT 338.17 612.67 Td (eghe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 597.67 Td (Mary M. ) Tj ET Q q 0 0 0 rg BT 290.37 597.67 Td (V) Tj ET Q q 0 0 0 rg BT 296.48 597.67 Td (anDeW) Tj ET Q q 0 0 0 rg BT 326.22 597.67 Td (eghe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 587.67 Td (Director) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 229 0 obj <> endobj 230 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.05 740.25 Td (Exhibit 4r) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 221.45 717.08505859375 m 390.463671875 717.08505859375 l s q 0 0 0 rg BT 221.45 718.65 Td (DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 306.92 718.65 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 339.79 718.65 Td (AL) Tj ET Q q 0 0 0 rg BT 353.13 718.65 Td ( ST) Tj ET Q q 0 0 0 rg BT 367.69 718.65 Td (OCK) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 694.65 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.65 Td (As ) Tj ET Q q 0 0 0 rg BT 81.09 670.65 Td (of ) Tj ET Q q 0 0 0 rg BT 91.89 670.65 Td (January ) Tj ET Q q 0 0 0 rg BT 125.47 670.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 140.44 670.65 Td (2020, ) Tj ET Q q 0 0 0 rg BT 165.42 670.65 Td (we ) Tj ET Q q 0 0 0 rg BT 179.56 670.65 Td (are ) Tj ET Q q 0 0 0 rg BT 194.24 670.65 Td (authorized ) Tj ET Q q 0 0 0 rg BT 238.92 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 249.17 670.65 Td (issue ) Tj ET Q q 0 0 0 rg BT 271.65 670.65 Td (up ) Tj ET Q q 0 0 0 rg BT 284.12 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 294.38 670.65 Td (775,000,000�shares ) Tj ET Q q 0 0 0 rg BT 374.34 670.65 Td (of ) Tj ET Q q 0 0 0 rg BT 385.15 670.65 Td (stock, ) Tj ET Q q 0 0 0 rg BT 411.23 670.65 Td (including ) Tj ET Q q 0 0 0 rg BT 451.48 670.65 Td (up ) Tj ET Q q 0 0 0 rg BT 463.96 670.65 Td (to ) Tj ET Q q 0 0 0 rg BT 474.21 670.65 Td (750,000,000�shares ) Tj ET Q q 0 0 0 rg BT 554.17 670.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.65 Td (common ) Tj ET Q q 0 0 0 rg BT 86.47 658.65 Td (stock, ) Tj ET Q q 0 0 0 rg BT 112.05 658.65 Td (par ) Tj ET Q q 0 0 0 rg BT 126.79 658.65 Td (value ) Tj ET Q q 0 0 0 rg BT 150.41 658.65 Td ($.001�per ) Tj ET Q q 0 0 0 rg BT 190.15 658.65 Td (share, ) Tj ET Q q 0 0 0 rg BT 215.72 658.65 Td (and ) Tj ET Q q 0 0 0 rg BT 232.13 658.65 Td (up ) Tj ET Q q 0 0 0 rg BT 244.11 658.65 Td (to ) Tj ET Q q 0 0 0 rg BT 253.86 658.65 Td (25,000,000�shares ) Tj ET Q q 0 0 0 rg BT 328.32 658.65 Td (of ) Tj ET Q q 0 0 0 rg BT 338.62 658.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 377.23 658.65 Td (stock, ) Tj ET Q q 0 0 0 rg BT 402.81 658.65 Td (par ) Tj ET Q q 0 0 0 rg BT 417.55 658.65 Td (value ) Tj ET Q q 0 0 0 rg BT 441.17 658.65 Td ($.001�per ) Tj ET Q q 0 0 0 rg BT 480.92 658.65 Td (share. ) Tj ET Q q 0 0 0 rg BT 506.49 658.65 Td ( ) Tj ET Q q 0 0 0 rg BT 508.02 658.65 Td (As ) Tj ET Q q 0 0 0 rg BT 521.11 658.65 Td (of ) Tj ET Q q 0 0 0 rg BT 531.41 658.65 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.50 646.65 Td (2020, ) Tj ET Q q 0 0 0 rg BT 89.50 646.65 Td (we ) Tj ET Q q 0 0 0 rg BT 103.66 646.65 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.60 646.65 Td (506,382,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.60 646.65 Td (�shares ) Tj ET Q q 0 0 0 rg BT 200.59 646.65 Td (of ) Tj ET Q q 0 0 0 rg BT 211.42 646.65 Td (common ) Tj ET Q q 0 0 0 rg BT 248.91 646.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 272.52 646.65 Td (and ) Tj ET Q q 0 0 0 rg BT 289.46 646.65 Td (no ) Tj ET Q q 0 0 0 rg BT 301.96 646.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 329.45 646.65 Td (of ) Tj ET Q q 0 0 0 rg BT 340.28 646.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 379.42 646.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 403.03 646.65 Td (outstanding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 622.65 Td (The ) Tj ET Q q 0 0 0 rg BT 86.36 622.65 Td (following ) Tj ET Q q 0 0 0 rg BT 128.57 622.65 Td (is ) Tj ET Q q 0 0 0 rg BT 138.56 622.65 Td (a ) Tj ET Q q 0 0 0 rg BT 146.31 622.65 Td (summary ) Tj ET Q q 0 0 0 rg BT 186.85 622.65 Td (of ) Tj ET Q q 0 0 0 rg BT 198.50 622.65 Td (the ) Tj ET Q q 0 0 0 rg BT 214.03 622.65 Td (key ) Tj ET Q q 0 0 0 rg BT 231.79 622.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 257.32 622.65 Td (and ) Tj ET Q q 0 0 0 rg BT 275.08 622.65 Td (provisions ) Tj ET Q q 0 0 0 rg BT 320.07 622.65 Td (of ) Tj ET Q q 0 0 0 rg BT 331.71 622.65 Td (our ) Tj ET Q q 0 0 0 rg BT 348.36 622.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 376.67 622.65 Td (securities. ) Tj ET Q q 0 0 0 rg BT 420.26 622.65 Td ( ) Tj ET Q q 0 0 0 rg BT 423.08 622.65 Td (Y) Tj ET Q q 0 0 0 rg BT 429.30 622.65 Td (ou ) Tj ET Q q 0 0 0 rg BT 442.62 622.65 Td (should ) Tj ET Q q 0 0 0 rg BT 472.61 622.65 Td (refer ) Tj ET Q q 0 0 0 rg BT 494.79 622.65 Td (to ) Tj ET Q q 0 0 0 rg BT 505.89 622.65 Td (the ) Tj ET Q q 0 0 0 rg BT 521.42 622.65 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (provisions ) Tj ET Q q 0 0 0 rg BT 93.20 610.65 Td (of ) Tj ET Q q 0 0 0 rg BT 103.57 610.65 Td (our ) Tj ET Q q 0 0 0 rg BT 118.93 610.65 Td (Second ) Tj ET Q q 0 0 0 rg BT 150.40 610.65 Td (Restated ) Tj ET Q q 0 0 0 rg BT 186.87 610.65 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 231.10 610.65 Td (of ) Tj ET Q q 0 0 0 rg BT 241.47 610.65 Td (Incorporation, ) Tj ET Q q 0 0 0 rg BT 300.42 610.65 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 330.79 610.65 Td (and ) Tj ET Q q 0 0 0 rg BT 347.26 610.65 Td (the ) Tj ET Q q 0 0 0 rg BT 361.51 610.65 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 401.85 610.65 Td (General ) Tj ET Q q 0 0 0 rg BT 435.53 610.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 485.89 610.65 Td (Law ) Tj ET Q q 0 0 0 rg BT 505.69 610.65 Td (for ) Tj ET Q q 0 0 0 rg BT 519.38 610.65 Td (a ) Tj ET Q q 0 0 0 rg BT 525.85 610.65 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.65 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.32 598.65 Td (of ) Tj ET Q q 0 0 0 rg BT 101.15 598.65 Td (the ) Tj ET Q q 0 0 0 rg BT 115.87 598.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 140.58 598.65 Td (and ) Tj ET Q q 0 0 0 rg BT 157.52 598.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 182.80 598.65 Td (of ) Tj ET Q q 0 0 0 rg BT 193.63 598.65 Td (our ) Tj ET Q q 0 0 0 rg BT 209.46 598.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 238.61 598.65 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 574.65 Td (Common ) Tj ET Q q 0 0 0 rg BT 91.44 574.65 Td (Stock) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 550.65 Td (V) Tj ET Q q 0 0 0 rg BT 72.50 550.65 Td (oting ) Tj ET Q q 0 0 0 rg BT 94.74 550.65 Td (rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.58 550.65 Td (� ) Tj ET Q q 0 0 0 rg BT 124.77 550.65 Td (Each ) Tj ET Q q 0 0 0 rg BT 146.44 550.65 Td (holder ) Tj ET Q q 0 0 0 rg BT 173.67 550.65 Td (of ) Tj ET Q q 0 0 0 rg BT 183.69 550.65 Td (common ) Tj ET Q q 0 0 0 rg BT 220.37 550.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 243.16 550.65 Td (is ) Tj ET Q q 0 0 0 rg BT 251.52 550.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 283.20 550.65 Td (to ) Tj ET Q q 0 0 0 rg BT 292.66 550.65 Td (one ) Tj ET Q q 0 0 0 rg BT 308.79 550.65 Td (vote ) Tj ET Q q 0 0 0 rg BT 327.69 550.65 Td (per ) Tj ET Q q 0 0 0 rg BT 342.14 550.65 Td (share ) Tj ET Q q 0 0 0 rg BT 364.93 550.65 Td (on ) Tj ET Q q 0 0 0 rg BT 376.61 550.65 Td (each ) Tj ET Q q 0 0 0 rg BT 396.62 550.65 Td (matter ) Tj ET Q q 0 0 0 rg BT 423.84 550.65 Td (submitted ) Tj ET Q q 0 0 0 rg BT 464.97 550.65 Td (to ) Tj ET Q q 0 0 0 rg BT 474.44 550.65 Td (a ) Tj ET Q q 0 0 0 rg BT 480.56 550.65 Td (vote ) Tj ET Q q 0 0 0 rg BT 499.46 550.65 Td (of ) Tj ET Q q 0 0 0 rg BT 509.48 550.65 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 565.02 550.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.65 Td (Subject ) Tj ET Q q 0 0 0 rg BT 82.85 538.65 Td (to ) Tj ET Q q 0 0 0 rg BT 93.98 538.65 Td (the ) Tj ET Q q 0 0 0 rg BT 109.55 538.65 Td (rights, ) Tj ET Q q 0 0 0 rg BT 138.18 538.65 Td (if ) Tj ET Q q 0 0 0 rg BT 147.64 538.65 Td (any) Tj ET Q q 0 0 0 rg BT 161.43 538.65 Td (, ) Tj ET Q q 0 0 0 rg BT 167.29 538.65 Td (of ) Tj ET Q q 0 0 0 rg BT 178.97 538.65 Td (the ) Tj ET Q q 0 0 0 rg BT 194.54 538.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 227.33 538.65 Td (of ) Tj ET Q q 0 0 0 rg BT 239.02 538.65 Td (any ) Tj ET Q q 0 0 0 rg BT 256.81 538.65 Td (series ) Tj ET Q q 0 0 0 rg BT 282.93 538.65 Td (of ) Tj ET Q q 0 0 0 rg BT 294.61 538.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 334.60 538.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 359.07 538.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 396.86 538.65 Td (to ) Tj ET Q q 0 0 0 rg BT 407.99 538.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 452.43 538.65 Td (law ) Tj ET Q q 0 0 0 rg BT 470.22 538.65 Td (or ) Tj ET Q q 0 0 0 rg BT 481.91 538.65 Td (the ) Tj ET Q q 0 0 0 rg BT 497.48 538.65 Td (provision ) Tj ET Q q 0 0 0 rg BT 538.61 538.65 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 538.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.65 Td (certificate ) Tj ET Q q 0 0 0 rg BT 92.34 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 103.55 526.65 Td (designation ) Tj ET Q q 0 0 0 rg BT 152.52 526.65 Td (creating ) Tj ET Q q 0 0 0 rg BT 187.60 526.65 Td (that ) Tj ET Q q 0 0 0 rg BT 205.47 526.65 Td (series, ) Tj ET Q q 0 0 0 rg BT 233.62 526.65 Td (all ) Tj ET Q q 0 0 0 rg BT 246.49 526.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 274.92 526.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 300.57 526.65 Td (are ) Tj ET Q q 0 0 0 rg BT 315.65 526.65 Td (vested ) Tj ET Q q 0 0 0 rg BT 344.07 526.65 Td (in ) Tj ET Q q 0 0 0 rg BT 354.73 526.65 Td (the ) Tj ET Q q 0 0 0 rg BT 369.82 526.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 402.13 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 413.34 526.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 441.20 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 452.41 526.65 Td (common ) Tj ET Q q 0 0 0 rg BT 490.28 526.65 Td (stock. ) Tj ET Q q 0 0 0 rg BT 516.76 526.65 Td ( ) Tj ET Q q 0 0 0 rg BT 519.64 526.65 Td (Holders ) Tj ET Q q 0 0 0 rg BT 554.17 526.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.94 514.65 Td (of ) Tj ET Q q 0 0 0 rg BT 87.72 514.65 Td (common ) Tj ET Q q 0 0 0 rg BT 125.16 514.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 148.71 514.65 Td (have ) Tj ET Q q 0 0 0 rg BT 170.04 514.65 Td (non-cumulative ) Tj ET Q q 0 0 0 rg BT 235.25 514.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 263.25 514.65 Td (rights, ) Tj ET Q q 0 0 0 rg BT 290.98 514.65 Td (which ) Tj ET Q q 0 0 0 rg BT 317.86 514.65 Td (means ) Tj ET Q q 0 0 0 rg BT 345.86 514.65 Td (that ) Tj ET Q q 0 0 0 rg BT 363.30 514.65 Td (the ) Tj ET Q q 0 0 0 rg BT 377.96 514.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 409.85 514.65 Td (of ) Tj ET Q q 0 0 0 rg BT 420.63 514.65 Td (more ) Tj ET Q q 0 0 0 rg BT 443.62 514.65 Td (than ) Tj ET Q q 0 0 0 rg BT 463.29 514.65 Td (50% ) Tj ET Q q 0 0 0 rg BT 484.07 514.65 Td (of ) Tj ET Q q 0 0 0 rg BT 494.84 514.65 Td (the ) Tj ET Q q 0 0 0 rg BT 509.51 514.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.95 514.65 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.65 Td (for ) Tj ET Q q 0 0 0 rg BT 64.27 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 79.60 502.65 Td (election ) Tj ET Q q 0 0 0 rg BT 114.36 502.65 Td (of ) Tj ET Q q 0 0 0 rg BT 125.80 502.65 Td (directors ) Tj ET Q q 0 0 0 rg BT 163.90 502.65 Td (can ) Tj ET Q q 0 0 0 rg BT 180.89 502.65 Td (elect ) Tj ET Q q 0 0 0 rg BT 202.87 502.65 Td (100% ) Tj ET Q q 0 0 0 rg BT 229.32 502.65 Td (of ) Tj ET Q q 0 0 0 rg BT 240.76 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 256.09 502.65 Td (directors, ) Tj ET Q q 0 0 0 rg BT 296.68 502.65 Td (and ) Tj ET Q q 0 0 0 rg BT 314.23 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 329.56 502.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 362.11 502.65 Td (of ) Tj ET Q q 0 0 0 rg BT 373.56 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 388.88 502.65 Td (remaining ) Tj ET Q q 0 0 0 rg BT 432.54 502.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 460.64 502.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 489.31 502.65 Td (for ) Tj ET Q q 0 0 0 rg BT 504.08 502.65 Td (the ) Tj ET Q q 0 0 0 rg BT 519.41 502.65 Td (election ) Tj ET Q q 0 0 0 rg BT 554.17 502.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.65 Td (directors ) Tj ET Q q 0 0 0 rg BT 86.99 490.65 Td (will ) Tj ET Q q 0 0 0 rg BT 105.04 490.65 Td (not ) Tj ET Q q 0 0 0 rg BT 120.32 490.65 Td (be ) Tj ET Q q 0 0 0 rg BT 132.26 490.65 Td (able ) Tj ET Q q 0 0 0 rg BT 151.41 490.65 Td (to ) Tj ET Q q 0 0 0 rg BT 161.69 490.65 Td (elect ) Tj ET Q q 0 0 0 rg BT 183.06 490.65 Td (any ) Tj ET Q q 0 0 0 rg BT 200.00 490.65 Td (directors.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 466.65 Td (Dividends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.55 466.65 Td (� ) Tj ET Q q 0 0 0 rg BT 114.73 466.65 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 157.53 466.65 Td (may ) Tj ET Q q 0 0 0 rg BT 176.43 466.65 Td (be ) Tj ET Q q 0 0 0 rg BT 187.56 466.65 Td (paid ) Tj ET Q q 0 0 0 rg BT 206.46 466.65 Td (to ) Tj ET Q q 0 0 0 rg BT 215.93 466.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 247.05 466.65 Td (of ) Tj ET Q q 0 0 0 rg BT 257.07 466.65 Td (common ) Tj ET Q q 0 0 0 rg BT 293.75 466.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 316.55 466.65 Td (when, ) Tj ET Q q 0 0 0 rg BT 342.40 466.65 Td (as ) Tj ET Q q 0 0 0 rg BT 352.41 466.65 Td (and ) Tj ET Q q 0 0 0 rg BT 368.54 466.65 Td (if ) Tj ET Q q 0 0 0 rg BT 376.33 466.65 Td (declared ) Tj ET Q q 0 0 0 rg BT 411.88 466.65 Td (by ) Tj ET Q q 0 0 0 rg BT 423.57 466.65 Td (the ) Tj ET Q q 0 0 0 rg BT 437.47 466.65 Td (board ) Tj ET Q q 0 0 0 rg BT 461.93 466.65 Td (of ) Tj ET Q q 0 0 0 rg BT 471.95 466.65 Td (directors ) Tj ET Q q 0 0 0 rg BT 508.62 466.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 525.85 466.65 Td (�Board�\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.65 Td (out ) Tj ET Q q 0 0 0 rg BT 64.32 454.65 Td (of ) Tj ET Q q 0 0 0 rg BT 74.69 454.65 Td (funds ) Tj ET Q q 0 0 0 rg BT 98.95 454.65 Td (legally ) Tj ET Q q 0 0 0 rg BT 128.20 454.65 Td (available ) Tj ET Q q 0 0 0 rg BT 166.32 454.65 Td (for ) Tj ET Q q 0 0 0 rg BT 180.02 454.65 Td (their ) Tj ET Q q 0 0 0 rg BT 200.39 454.65 Td (payment, ) Tj ET Q q 0 0 0 rg BT 239.36 454.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 269.72 454.65 Td (to ) Tj ET Q q 0 0 0 rg BT 279.54 454.65 Td (the ) Tj ET Q q 0 0 0 rg BT 293.79 454.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 318.61 454.65 Td (of ) Tj ET Q q 0 0 0 rg BT 328.98 454.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 360.46 454.65 Td (of ) Tj ET Q q 0 0 0 rg BT 370.83 454.65 Td (any ) Tj ET Q q 0 0 0 rg BT 387.30 454.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 425.98 454.65 Td (stock. ) Tj ET Q q 0 0 0 rg BT 451.62 454.65 Td ( ) Tj ET Q q 0 0 0 rg BT 453.52 454.65 Td (W) Tj ET Q q 0 0 0 rg BT 462.15 454.65 Td (e ) Tj ET Q q 0 0 0 rg BT 468.63 454.65 Td (have ) Tj ET Q q 0 0 0 rg BT 489.55 454.65 Td (not ) Tj ET Q q 0 0 0 rg BT 504.36 454.65 Td (paid ) Tj ET Q q 0 0 0 rg BT 523.62 454.65 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.65 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 442.65 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 442.65 Td (common ) Tj ET Q q 0 0 0 rg BT 115.33 442.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 138.93 442.65 Td (since ) Tj ET Q q 0 0 0 rg BT 161.98 442.65 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 442.65 Td (fourth ) Tj ET Q q 0 0 0 rg BT 203.64 442.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 234.45 442.65 Td (of ) Tj ET Q q 0 0 0 rg BT 245.28 442.65 Td (2015 ) Tj ET Q q 0 0 0 rg BT 267.78 442.65 Td (and ) Tj ET Q q 0 0 0 rg BT 284.72 442.65 Td (have ) Tj ET Q q 0 0 0 rg BT 306.10 442.65 Td (no ) Tj ET Q q 0 0 0 rg BT 318.60 442.65 Td (current ) Tj ET Q q 0 0 0 rg BT 349.41 442.65 Td (plans ) Tj ET Q q 0 0 0 rg BT 373.02 442.65 Td (to ) Tj ET Q q 0 0 0 rg BT 383.30 442.65 Td (resume ) Tj ET Q q 0 0 0 rg BT 414.68 442.65 Td (common ) Tj ET Q q 0 0 0 rg BT 452.17 442.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 475.78 442.65 Td (dividends.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 418.65 Td (Rights ) Tj ET Q q 0 0 0 rg BT 95.81 418.65 Td (upon ) Tj ET Q q 0 0 0 rg BT 118.56 418.65 Td (liquidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.95 418.65 Td (� ) Tj ET Q q 0 0 0 rg BT 170.20 418.65 Td (In ) Tj ET Q q 0 0 0 rg BT 181.28 418.65 Td (the ) Tj ET Q q 0 0 0 rg BT 196.25 418.65 Td (event ) Tj ET Q q 0 0 0 rg BT 220.65 418.65 Td (of ) Tj ET Q q 0 0 0 rg BT 231.73 418.65 Td (our ) Tj ET Q q 0 0 0 rg BT 247.81 418.65 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 288.89 418.65 Td (or ) Tj ET Q q 0 0 0 rg BT 299.97 418.65 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 348.82 418.65 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 397.41 418.65 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 444.05 418.65 Td (or ) Tj ET Q q 0 0 0 rg BT 455.13 418.65 Td (winding ) Tj ET Q q 0 0 0 rg BT 490.66 418.65 Td (up, ) Tj ET Q q 0 0 0 rg BT 505.91 418.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 538.10 418.65 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 418.65 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.65 Td (common ) Tj ET Q q 0 0 0 rg BT 87.24 406.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.10 406.65 Td (will ) Tj ET Q q 0 0 0 rg BT 129.40 406.65 Td (be ) Tj ET Q q 0 0 0 rg BT 141.59 406.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 174.33 406.65 Td (to ) Tj ET Q q 0 0 0 rg BT 184.86 406.65 Td (share ) Tj ET Q q 0 0 0 rg BT 208.70 406.65 Td (equally) Tj ET Q q 0 0 0 rg BT 237.49 406.65 Td (, ) Tj ET Q q 0 0 0 rg BT 242.73 406.65 Td (in ) Tj ET Q q 0 0 0 rg BT 253.26 406.65 Td (proportion ) Tj ET Q q 0 0 0 rg BT 298.23 406.65 Td (to ) Tj ET Q q 0 0 0 rg BT 308.75 406.65 Td (the ) Tj ET Q q 0 0 0 rg BT 323.72 406.65 Td (number ) Tj ET Q q 0 0 0 rg BT 357.01 406.65 Td (of ) Tj ET Q q 0 0 0 rg BT 368.09 406.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 395.83 406.65 Td (of ) Tj ET Q q 0 0 0 rg BT 406.91 406.65 Td (common ) Tj ET Q q 0 0 0 rg BT 444.65 406.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 468.51 406.65 Td (held ) Tj ET Q q 0 0 0 rg BT 488.47 406.65 Td (by ) Tj ET Q q 0 0 0 rg BT 501.22 406.65 Td (them, ) Tj ET Q q 0 0 0 rg BT 526.46 406.65 Td (in ) Tj ET Q q 0 0 0 rg BT 536.99 406.65 Td (any ) Tj ET Q q 0 0 0 rg BT 554.17 406.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.65 Td (our ) Tj ET Q q 0 0 0 rg BT 64.36 394.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 89.22 394.65 Td (available ) Tj ET Q q 0 0 0 rg BT 126.85 394.65 Td (for ) Tj ET Q q 0 0 0 rg BT 140.04 394.65 Td (distribution ) Tj ET Q q 0 0 0 rg BT 187.68 394.65 Td (after ) Tj ET Q q 0 0 0 rg BT 207.53 394.65 Td (the ) Tj ET Q q 0 0 0 rg BT 221.28 394.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 257.25 394.65 Td (in ) Tj ET Q q 0 0 0 rg BT 266.56 394.65 Td (full ) Tj ET Q q 0 0 0 rg BT 281.98 394.65 Td (of ) Tj ET Q q 0 0 0 rg BT 291.84 394.65 Td (all ) Tj ET Q q 0 0 0 rg BT 303.37 394.65 Td (debts ) Tj ET Q q 0 0 0 rg BT 326.01 394.65 Td (and ) Tj ET Q q 0 0 0 rg BT 341.98 394.65 Td (distributions ) Tj ET Q q 0 0 0 rg BT 393.51 394.65 Td (and ) Tj ET Q q 0 0 0 rg BT 409.48 394.65 Td (after ) Tj ET Q q 0 0 0 rg BT 429.33 394.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 460.30 394.65 Td (of ) Tj ET Q q 0 0 0 rg BT 470.17 394.65 Td (all ) Tj ET Q q 0 0 0 rg BT 481.69 394.65 Td (series ) Tj ET Q q 0 0 0 rg BT 505.99 394.65 Td (of ) Tj ET Q q 0 0 0 rg BT 515.86 394.65 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 88.64 382.65 Td (stock, ) Tj ET Q q 0 0 0 rg BT 114.74 382.65 Td (if ) Tj ET Q q 0 0 0 rg BT 123.35 382.65 Td (any) Tj ET Q q 0 0 0 rg BT 137.14 382.65 Td (, ) Tj ET Q q 0 0 0 rg BT 142.14 382.65 Td (have ) Tj ET Q q 0 0 0 rg BT 163.52 382.65 Td (received ) Tj ET Q q 0 0 0 rg BT 199.88 382.65 Td (their ) Tj ET Q q 0 0 0 rg BT 220.71 382.65 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 266.54 382.65 Td (preferences ) Tj ET Q q 0 0 0 rg BT 315.11 382.65 Td (in ) Tj ET Q q 0 0 0 rg BT 325.39 382.65 Td (full.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 358.65 Td (Non-assessable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.22 358.65 Td (� ) Tj ET Q q 0 0 0 rg BT 136.67 358.65 Td (All ) Tj ET Q q 0 0 0 rg BT 151.95 358.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 201.11 358.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 228.60 358.65 Td (of ) Tj ET Q q 0 0 0 rg BT 239.43 358.65 Td (common ) Tj ET Q q 0 0 0 rg BT 276.93 358.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 300.54 358.65 Td (are ) Tj ET Q q 0 0 0 rg BT 315.24 358.65 Td (fully ) Tj ET Q q 0 0 0 rg BT 336.63 358.65 Td (paid ) Tj ET Q q 0 0 0 rg BT 356.35 358.65 Td (and ) Tj ET Q q 0 0 0 rg BT 373.29 358.65 Td (non-assessable.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 334.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 93.35 334.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 119.20 334.65 Td (and ) Tj ET Q q 0 0 0 rg BT 136.72 334.65 Td (pr) Tj ET Q q 0 0 0 rg BT 145.24 334.65 Td (efer) Tj ET Q q 0 0 0 rg BT 160.42 334.65 Td (ences.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.12 334.65 Td (� ) Tj ET Q q 0 0 0 rg BT 190.14 334.65 Td (Holders ) Tj ET Q q 0 0 0 rg BT 224.32 334.65 Td (of ) Tj ET Q q 0 0 0 rg BT 235.17 334.65 Td (common ) Tj ET Q q 0 0 0 rg BT 272.68 334.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 296.30 334.65 Td (are ) Tj ET Q q 0 0 0 rg BT 311.03 334.65 Td (not ) Tj ET Q q 0 0 0 rg BT 326.32 334.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 358.83 334.65 Td (to ) Tj ET Q q 0 0 0 rg BT 369.13 334.65 Td (preemptive, ) Tj ET Q q 0 0 0 rg BT 419.12 334.65 Td (conversion ) Tj ET Q q 0 0 0 rg BT 465.52 334.65 Td (or ) Tj ET Q q 0 0 0 rg BT 476.36 334.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 516.64 334.65 Td (rights. ) Tj ET Q q 0 0 0 rg BT 544.43 334.65 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 334.65 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.65 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 322.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.60 322.65 Td (has ) Tj ET Q q 0 0 0 rg BT 126.43 322.65 Td (no ) Tj ET Q q 0 0 0 rg BT 138.93 322.65 Td (sinking ) Tj ET Q q 0 0 0 rg BT 170.88 322.65 Td (fund ) Tj ET Q q 0 0 0 rg BT 191.71 322.65 Td (or ) Tj ET Q q 0 0 0 rg BT 202.54 322.65 Td (redemption ) Tj ET Q q 0 0 0 rg BT 250.58 322.65 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 297.25 322.65 Td ( ) Tj ET Q q 0 0 0 rg BT 299.75 322.65 Td (Holders ) Tj ET Q q 0 0 0 rg BT 333.91 322.65 Td (of ) Tj ET Q q 0 0 0 rg BT 344.74 322.65 Td (common ) Tj ET Q q 0 0 0 rg BT 382.24 322.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 405.85 322.65 Td (may ) Tj ET Q q 0 0 0 rg BT 425.56 322.65 Td (act ) Tj ET Q q 0 0 0 rg BT 439.72 322.65 Td (by ) Tj ET Q q 0 0 0 rg BT 452.22 322.65 Td (unanimous ) Tj ET Q q 0 0 0 rg BT 498.61 322.65 Td (written ) Tj ET Q q 0 0 0 rg BT 529.43 322.65 Td (consent.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 298.65 Td (Listing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.79 298.65 Td (� ) Tj ET Q q 0 0 0 rg BT 103.71 298.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.69 298.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 172.77 298.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 201.19 298.65 Td (of ) Tj ET Q q 0 0 0 rg BT 212.94 298.65 Td (common ) Tj ET Q q 0 0 0 rg BT 251.36 298.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.89 298.65 Td (are ) Tj ET Q q 0 0 0 rg BT 291.52 298.65 Td (listed ) Tj ET Q q 0 0 0 rg BT 316.61 298.65 Td (on ) Tj ET Q q 0 0 0 rg BT 330.03 298.65 Td (the ) Tj ET Q q 0 0 0 rg BT 345.67 298.65 Td (New ) Tj ET Q q 0 0 0 rg BT 367.47 298.65 Td (Y) Tj ET Q q 0 0 0 rg BT 373.69 298.65 Td (ork ) Tj ET Q q 0 0 0 rg BT 390.44 298.65 Td (Stock ) Tj ET Q q 0 0 0 rg BT 416.64 298.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 459.49 298.65 Td (under ) Tj ET Q q 0 0 0 rg BT 485.68 298.65 Td (the ) Tj ET Q q 0 0 0 rg BT 501.32 298.65 Td (trading ) Tj ET Q q 0 0 0 rg BT 533.07 298.65 Td (symbol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.65 Td (�DNR.�) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 262.65 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 262.65 Td (eferr) Tj ET Q q 0 0 0 rg BT 80.77 262.65 Td (ed ) Tj ET Q q 0 0 0 rg BT 93.27 262.65 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.65 Td (The ) Tj ET Q q 0 0 0 rg BT 85.25 238.65 Td (following ) Tj ET Q q 0 0 0 rg BT 126.34 238.65 Td (description ) Tj ET Q q 0 0 0 rg BT 172.97 238.65 Td (of ) Tj ET Q q 0 0 0 rg BT 183.51 238.65 Td (the ) Tj ET Q q 0 0 0 rg BT 197.92 238.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 222.34 238.65 Td (of ) Tj ET Q q 0 0 0 rg BT 232.88 238.65 Td (the ) Tj ET Q q 0 0 0 rg BT 247.29 238.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 286.13 238.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 309.44 238.65 Td (sets ) Tj ET Q q 0 0 0 rg BT 326.65 238.65 Td (forth ) Tj ET Q q 0 0 0 rg BT 348.29 238.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 377.69 238.65 Td (general ) Tj ET Q q 0 0 0 rg BT 409.32 238.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 433.74 238.65 Td (and ) Tj ET Q q 0 0 0 rg BT 450.38 238.65 Td (provisions ) Tj ET Q q 0 0 0 rg BT 494.25 238.65 Td (of ) Tj ET Q q 0 0 0 rg BT 504.78 238.65 Td (our ) Tj ET Q q 0 0 0 rg BT 520.31 238.65 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 89.25 226.65 Td (stock. ) Tj ET Q q 0 0 0 rg BT 115.97 226.65 Td ( ) Tj ET Q q 0 0 0 rg BT 119.08 226.65 Td (If ) Tj ET Q q 0 0 0 rg BT 128.86 226.65 Td (we ) Tj ET Q q 0 0 0 rg BT 143.63 226.65 Td (of) Tj ET Q q 0 0 0 rg BT 151.78 226.65 Td (fer ) Tj ET Q q 0 0 0 rg BT 165.99 226.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 205.74 226.65 Td (stock, ) Tj ET Q q 0 0 0 rg BT 232.46 226.65 Td (a ) Tj ET Q q 0 0 0 rg BT 240.01 226.65 Td (description ) Tj ET Q q 0 0 0 rg BT 287.56 226.65 Td (will ) Tj ET Q q 0 0 0 rg BT 306.23 226.65 Td (be ) Tj ET Q q 0 0 0 rg BT 318.78 226.65 Td (filed ) Tj ET Q q 0 0 0 rg BT 340.22 226.65 Td (with ) Tj ET Q q 0 0 0 rg BT 361.11 226.65 Td (the ) Tj ET Q q 0 0 0 rg BT 376.44 226.65 Td (Securities ) Tj ET Q q 0 0 0 rg BT 418.98 226.65 Td (and ) Tj ET Q q 0 0 0 rg BT 436.53 226.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 479.07 226.65 Td (Commission ) Tj ET Q q 0 0 0 rg BT 532.75 226.65 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 226.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.65 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.09 214.65 Td (designations ) Tj ET Q q 0 0 0 rg BT 135.59 214.65 Td (and ) Tj ET Q q 0 0 0 rg BT 152.53 214.65 Td (rights, ) Tj ET Q q 0 0 0 rg BT 180.31 214.65 Td (as ) Tj ET Q q 0 0 0 rg BT 191.14 214.65 Td (determined ) Tj ET Q q 0 0 0 rg BT 238.62 214.65 Td (by ) Tj ET Q q 0 0 0 rg BT 251.12 214.65 Td (the ) Tj ET Q q 0 0 0 rg BT 265.83 214.65 Td (Board, ) Tj ET Q q 0 0 0 rg BT 295.27 214.65 Td (will ) Tj ET Q q 0 0 0 rg BT 313.33 214.65 Td (be ) Tj ET Q q 0 0 0 rg BT 325.27 214.65 Td (described ) Tj ET Q q 0 0 0 rg BT 366.08 214.65 Td (in ) Tj ET Q q 0 0 0 rg BT 376.36 214.65 Td (such ) Tj ET Q q 0 0 0 rg BT 397.19 214.65 Td (filing, ) Tj ET Q q 0 0 0 rg BT 423.86 214.65 Td (including ) Tj ET Q q 0 0 0 rg BT 464.13 214.65 Td (the ) Tj ET Q q 0 0 0 rg BT 478.85 214.65 Td (following ) Tj ET Q q 0 0 0 rg BT 520.23 214.65 Td (terms:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 190.65 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 190.65 Td (series, ) Tj ET Q q 0 0 0 rg BT 127.99 190.65 Td (the ) Tj ET Q q 0 0 0 rg BT 142.70 190.65 Td (number ) Tj ET Q q 0 0 0 rg BT 175.75 190.65 Td (of ) Tj ET Q q 0 0 0 rg BT 186.58 190.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 214.07 190.65 Td (of) Tj ET Q q 0 0 0 rg BT 222.22 190.65 Td (fered ) Tj ET Q q 0 0 0 rg BT 245.26 190.65 Td (and ) Tj ET Q q 0 0 0 rg BT 262.19 190.65 Td (the ) Tj ET Q q 0 0 0 rg BT 276.91 190.65 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 322.74 190.65 Td (value ) Tj ET Q q 0 0 0 rg BT 346.90 190.65 Td (of ) Tj ET Q q 0 0 0 rg BT 357.73 190.65 Td (the ) Tj ET Q q 0 0 0 rg BT 372.44 190.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 411.58 190.65 Td (stock;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 178.65 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 178.65 Td (price ) Tj ET Q q 0 0 0 rg BT 122.70 178.65 Td (at ) Tj ET Q q 0 0 0 rg BT 132.42 178.65 Td (which ) Tj ET Q q 0 0 0 rg BT 159.36 178.65 Td (the ) Tj ET Q q 0 0 0 rg BT 174.07 178.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 213.21 178.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.82 178.65 Td (will ) Tj ET Q q 0 0 0 rg BT 254.88 178.65 Td (be ) Tj ET Q q 0 0 0 rg BT 266.81 178.65 Td (issued;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 166.65 Td (the ) Tj ET Q q 0 0 0 rg BT 100.14 166.65 Td (dividend ) Tj ET Q q 0 0 0 rg BT 137.57 166.65 Td (rate, ) Tj ET Q q 0 0 0 rg BT 157.48 166.65 Td (the ) Tj ET Q q 0 0 0 rg BT 172.12 166.65 Td (dates ) Tj ET Q q 0 0 0 rg BT 195.09 166.65 Td (on ) Tj ET Q q 0 0 0 rg BT 207.52 166.65 Td (which ) Tj ET Q q 0 0 0 rg BT 234.39 166.65 Td (the ) Tj ET Q q 0 0 0 rg BT 249.03 166.65 Td (dividends ) Tj ET Q q 0 0 0 rg BT 290.34 166.65 Td (will ) Tj ET Q q 0 0 0 rg BT 308.33 166.65 Td (be ) Tj ET Q q 0 0 0 rg BT 320.19 166.65 Td (payable ) Tj ET Q q 0 0 0 rg BT 353.71 166.65 Td (and ) Tj ET Q q 0 0 0 rg BT 370.58 166.65 Td (other ) Tj ET Q q 0 0 0 rg BT 393.55 166.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 418.20 166.65 Td (relating ) Tj ET Q q 0 0 0 rg BT 451.16 166.65 Td (to ) Tj ET Q q 0 0 0 rg BT 461.37 166.65 Td (the ) Tj ET Q q 0 0 0 rg BT 476.01 166.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 512.87 166.65 Td (of ) Tj ET Q q 0 0 0 rg BT 523.63 166.65 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 154.65 Td (on ) Tj ET Q q 0 0 0 rg BT 98.00 154.65 Td (the ) Tj ET Q q 0 0 0 rg BT 112.72 154.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 151.85 154.65 Td (stock;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 142.65 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 142.65 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 146.05 142.65 Td (preference ) Tj ET Q q 0 0 0 rg BT 190.73 142.65 Td (of ) Tj ET Q q 0 0 0 rg BT 201.56 142.65 Td (the ) Tj ET Q q 0 0 0 rg BT 216.28 142.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 255.41 142.65 Td (stock;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 130.65 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 130.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 128.27 130.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 153.55 130.65 Td (of ) Tj ET Q q 0 0 0 rg BT 164.38 130.65 Td (the ) Tj ET Q q 0 0 0 rg BT 179.10 130.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 218.23 130.65 Td (stock, ) Tj ET Q q 0 0 0 rg BT 244.34 130.65 Td (if ) Tj ET Q q 0 0 0 rg BT 252.95 130.65 Td (any;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 118.65 Td (whether ) Tj ET Q q 0 0 0 rg BT 120.19 118.65 Td (the ) Tj ET Q q 0 0 0 rg BT 134.89 118.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 174.01 118.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 197.60 118.65 Td (is ) Tj ET Q q 0 0 0 rg BT 206.75 118.65 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 255.31 118.65 Td (or ) Tj ET Q q 0 0 0 rg BT 266.13 118.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 296.94 118.65 Td (to ) Tj ET Q q 0 0 0 rg BT 307.20 118.65 Td (a ) Tj ET Q q 0 0 0 rg BT 314.12 118.65 Td (sinking ) Tj ET Q q 0 0 0 rg BT 346.05 118.65 Td (fund, ) Tj ET Q q 0 0 0 rg BT 369.36 118.65 Td (and ) Tj ET Q q 0 0 0 rg BT 386.28 118.65 Td (the ) Tj ET Q q 0 0 0 rg BT 400.98 118.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 425.68 118.65 Td (of ) Tj ET Q q 0 0 0 rg BT 436.50 118.65 Td (any ) Tj ET Q q 0 0 0 rg BT 453.42 118.65 Td (such ) Tj ET Q q 0 0 0 rg BT 474.23 118.65 Td (redemption ) Tj ET Q q 0 0 0 rg BT 522.26 118.65 Td (or ) Tj ET Q q 0 0 0 rg BT 533.07 118.65 Td (sinking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 106.65 Td (fund;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 94.65 Td (whether ) Tj ET Q q 0 0 0 rg BT 119.76 94.65 Td (the ) Tj ET Q q 0 0 0 rg BT 134.03 94.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 172.71 94.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.87 94.65 Td (is ) Tj ET Q q 0 0 0 rg BT 204.59 94.65 Td (convertible ) Tj ET Q q 0 0 0 rg BT 251.62 94.65 Td (or ) Tj ET Q q 0 0 0 rg BT 262.00 94.65 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 318.46 94.65 Td (for ) Tj ET Q q 0 0 0 rg BT 332.17 94.65 Td (any ) Tj ET Q q 0 0 0 rg BT 348.66 94.65 Td (other ) Tj ET Q q 0 0 0 rg BT 371.26 94.65 Td (securities, ) Tj ET Q q 0 0 0 rg BT 413.58 94.65 Td (and ) Tj ET Q q 0 0 0 rg BT 430.07 94.65 Td (the ) Tj ET Q q 0 0 0 rg BT 444.33 94.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 468.60 94.65 Td (of ) Tj ET Q q 0 0 0 rg BT 478.98 94.65 Td (any ) Tj ET Q q 0 0 0 rg BT 495.47 94.65 Td (such ) Tj ET Q q 0 0 0 rg BT 515.85 94.65 Td (conversion; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 82.65 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.65 Td (� ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 70.65 Td (any ) Tj ET Q q 0 0 0 rg BT 102.44 70.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 144.93 70.65 Td (rights, ) Tj ET Q q 0 0 0 rg BT 172.71 70.65 Td (preferences, ) Tj ET Q q 0 0 0 rg BT 223.78 70.65 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 283.21 70.65 Td (limitations ) Tj ET Q q 0 0 0 rg BT 328.49 70.65 Td (and ) Tj ET Q q 0 0 0 rg BT 345.43 70.65 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 392.36 70.65 Td (of ) Tj ET Q q 0 0 0 rg BT 403.19 70.65 Td (the ) Tj ET Q q 0 0 0 rg BT 417.91 70.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 457.04 70.65 Td (stock.) Tj ET Q endstream endobj 231 0 obj <> endobj 232 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 740.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 97.80 740.10 Td (where ) Tj ET Q q 0 0 0 rg BT 124.76 740.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 166.17 740.10 Td (set ) Tj ET Q q 0 0 0 rg BT 179.81 740.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 201.79 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.10 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.07 740.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 261.60 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.47 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.22 740.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 314.19 740.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 355.61 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.80 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.56 740.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 420.97 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.83 740.10 Td (any ) Tj ET Q q 0 0 0 rg BT 448.80 740.10 Td (series ) Tj ET Q q 0 0 0 rg BT 474.11 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.97 740.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 524.14 740.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 550.28 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (number ) Tj ET Q q 0 0 0 rg BT 82.90 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.09 728.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 121.94 728.10 Td (comprising ) Tj ET Q q 0 0 0 rg BT 169.79 728.10 Td (such ) Tj ET Q q 0 0 0 rg BT 190.97 728.10 Td (series ) Tj ET Q q 0 0 0 rg BT 216.60 728.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.67 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.97 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 289.58 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 300.76 728.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 343.04 728.10 Td (\(but ) Tj ET Q q 0 0 0 rg BT 362.00 728.10 Td (not ) Tj ET Q q 0 0 0 rg BT 377.63 728.10 Td (below ) Tj ET Q q 0 0 0 rg BT 404.93 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.00 728.10 Td (number ) Tj ET Q q 0 0 0 rg BT 453.41 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.59 728.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 492.44 728.10 Td (then ) Tj ET Q q 0 0 0 rg BT 512.51 728.10 Td (outstanding\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.89 716.10 Td (time ) Tj ET Q q 0 0 0 rg BT 92.61 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.33 716.10 Td (time ) Tj ET Q q 0 0 0 rg BT 124.05 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 137.00 716.10 Td (like ) Tj ET Q q 0 0 0 rg BT 154.94 716.10 Td (action ) Tj ET Q q 0 0 0 rg BT 182.32 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.60 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.76 716.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 238.65 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.38 716.10 Td (The ) Tj ET Q q 0 0 0 rg BT 259.87 716.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 287.81 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.09 716.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 338.67 716.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 362.72 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.00 716.10 Td (any ) Tj ET Q q 0 0 0 rg BT 391.39 716.10 Td (one ) Tj ET Q q 0 0 0 rg BT 408.77 716.10 Td (series ) Tj ET Q q 0 0 0 rg BT 434.49 716.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 456.32 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 468.71 716.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 506.08 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 526.81 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.97 716.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.45 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.19 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.37 704.10 Td (same ) Tj ET Q q 0 0 0 rg BT 122.88 704.10 Td (series ) Tj ET Q q 0 0 0 rg BT 147.62 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.36 704.10 Td (all ) Tj ET Q q 0 0 0 rg BT 169.31 704.10 Td (respects ) Tj ET Q q 0 0 0 rg BT 203.48 704.10 Td (except ) Tj ET Q q 0 0 0 rg BT 231.54 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.83 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.58 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.75 704.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 288.26 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 309.67 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.07 704.10 Td (after ) Tj ET Q q 0 0 0 rg BT 346.35 704.10 Td (which ) Tj ET Q q 0 0 0 rg BT 372.75 704.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 413.60 704.10 Td (thereon ) Tj ET Q q 0 0 0 rg BT 445.54 704.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 466.39 704.10 Td (cumulate, ) Tj ET Q q 0 0 0 rg BT 507.51 704.10 Td (if ) Tj ET Q q 0 0 0 rg BT 515.58 704.10 Td (cumulative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.07 680.10 Td (description ) Tj ET Q q 0 0 0 rg BT 133.53 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.89 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.13 680.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 185.38 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.73 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.98 680.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 251.64 680.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.77 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.58 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.04 680.10 Td (set ) Tj ET Q q 0 0 0 rg BT 313.18 680.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 335.64 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.45 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.69 680.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 405.80 680.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 430.50 680.10 Td (will ) Tj ET Q q 0 0 0 rg BT 449.08 680.10 Td (not ) Tj ET Q q 0 0 0 rg BT 464.88 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 477.35 680.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 517.03 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.49 680.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 680.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.74 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.43 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.78 668.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 147.23 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.92 668.10 Td (its ) Tj ET Q q 0 0 0 rg BT 170.28 668.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 203.73 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.65 668.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 256.74 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.43 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.56 668.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 325.44 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.68 668.10 Td (designation ) Tj ET Q q 0 0 0 rg BT 385.69 668.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 419.15 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.84 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.96 668.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 488.96 668.10 Td (series ) Tj ET Q q 0 0 0 rg BT 514.65 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.89 668.10 Td (preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 632.10 Td (Undesignated ) Tj ET Q q 0 0 0 rg BT 125.02 632.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 164.19 632.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 187.83 632.10 Td (may ) Tj ET Q q 0 0 0 rg BT 207.58 632.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 236.21 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.96 632.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 277.93 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.24 632.10 Td (render ) Tj ET Q q 0 0 0 rg BT 316.31 632.10 Td (more ) Tj ET Q q 0 0 0 rg BT 339.39 632.10 Td (dif) Tj ET Q q 0 0 0 rg BT 350.32 632.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 373.95 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.82 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.13 632.10 Td (discourage ) Tj ET Q q 0 0 0 rg BT 440.98 632.10 Td (an ) Tj ET Q q 0 0 0 rg BT 452.95 632.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 485.47 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.78 632.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 523.31 632.10 Td (control ) Tj ET Q q 0 0 0 rg BT 554.17 632.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (us ) Tj ET Q q 0 0 0 rg BT 60.85 620.10 Td (by ) Tj ET Q q 0 0 0 rg BT 73.31 620.10 Td (means ) Tj ET Q q 0 0 0 rg BT 101.32 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.11 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.01 620.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 146.45 620.10 Td (of) Tj ET Q q 0 0 0 rg BT 154.60 620.10 Td (fer) Tj ET Q q 0 0 0 rg BT 165.30 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 170.26 620.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 196.05 620.10 Td (contest, ) Tj ET Q q 0 0 0 rg BT 229.33 620.10 Td (mer) Tj ET Q q 0 0 0 rg BT 244.70 620.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 259.93 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.72 620.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 314.56 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.46 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.69 620.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 374.14 620.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 404.36 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.04 620.10 Td (continuity ) Tj ET Q q 0 0 0 rg BT 462.05 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.84 620.10 Td (our ) Tj ET Q q 0 0 0 rg BT 488.63 620.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 544.68 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 620.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 85.63 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.21 608.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 123.45 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.03 608.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 172.92 608.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 196.28 608.10 Td (may ) Tj ET Q q 0 0 0 rg BT 215.75 608.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 256.31 608.10 Td (af) Tj ET Q q 0 0 0 rg BT 263.90 608.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 281.14 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.60 608.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 320.63 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.21 608.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 362.90 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.48 608.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.07 608.10 Td (common ) Tj ET Q q 0 0 0 rg BT 426.31 608.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 452.17 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.42 608.10 Td (For ) Tj ET Q q 0 0 0 rg BT 470.56 608.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 509.19 608.10 Td (any ) Tj ET Q q 0 0 0 rg BT 525.88 608.10 Td (preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.38 596.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 101.14 596.10 Td (may ) Tj ET Q q 0 0 0 rg BT 121.13 596.10 Td (rank ) Tj ET Q q 0 0 0 rg BT 141.66 596.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 163.87 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.42 596.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.51 596.10 Td (common ) Tj ET Q q 0 0 0 rg BT 228.28 596.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.15 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.25 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.80 596.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 311.56 596.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 339.60 596.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 385.70 596.10 Td (preference ) Tj ET Q q 0 0 0 rg BT 430.65 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.75 596.10 Td (both, ) Tj ET Q q 0 0 0 rg BT 464.80 596.10 Td (may ) Tj ET Q q 0 0 0 rg BT 484.78 596.10 Td (have ) Tj ET Q q 0 0 0 rg BT 506.42 596.10 Td (full ) Tj ET Q q 0 0 0 rg BT 523.08 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.18 596.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 78.19 584.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 104.09 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.66 584.10 Td (may ) Tj ET Q q 0 0 0 rg BT 142.01 584.10 Td (be ) Tj ET Q q 0 0 0 rg BT 154.57 584.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 202.68 584.10 Td (into ) Tj ET Q q 0 0 0 rg BT 221.37 584.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 249.49 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.95 584.10 Td (common ) Tj ET Q q 0 0 0 rg BT 299.07 584.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 325.81 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.25 584.10 Td (As ) Tj ET Q q 0 0 0 rg BT 342.49 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 350.06 584.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 377.90 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.25 584.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 430.25 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.71 584.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 469.83 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.29 584.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 521.05 584.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 545.29 584.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (discourage ) Tj ET Q q 0 0 0 rg BT 95.54 572.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 114.93 572.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.31 572.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.36 572.10 Td (common ) Tj ET Q q 0 0 0 rg BT 183.08 572.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 206.91 572.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.96 572.10 Td (may ) Tj ET Q q 0 0 0 rg BT 237.90 572.10 Td (otherwise 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Tj ET Q endstream endobj 233 0 obj <> endobj 234 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.30 740.25 Td (Exhibit 21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.10 716.25 Td (LIST) Tj ET Q q 0 0 0 rg BT 272.71 716.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 288.73 716.25 Td ( SUBSIDIARIES) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 112 670.75 m 365 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 670.75 m 499 670.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.50 675.43 Td (Name of Subsidiary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.50 675.43 Td (Jurisdiction of Organization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 646.32 Td (Denbury Operating Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 646.32 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 621.32 Td (Denbury Onshore, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 621.32 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 596.32 Td (Denbury Pipeline Holdings, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 596.32 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 571.32 Td (Denbury Holdings, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 571.32 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 546.32 Td (Denbury Green Pipeline � ) Tj ET Q q 0 0 0 rg BT 221.51 546.32 Td (T) Tj ET Q q 0 0 0 rg BT 226.92 546.32 Td (exas, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 546.32 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 521.32 Td (Greencore Pipeline Company) Tj ET Q q 0 0 0 rg BT 232.15 521.32 Td (, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 521.32 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 496.32 Td (Denbury Gulf Coast Pipelines, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 496.32 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 235 0 obj <> endobj 236 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.65 740.25 Td (Exhibit 23\(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.85 716.25 Td (CONSENT) Tj ET Q q 0 0 0 rg BT 180.01 716.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 196.03 716.25 Td ( 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Td (333-01006, ) Tj ET Q q 0 0 0 rg BT 516.68 692.25 Td (333-27995, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (333-55999, ) Tj ET Q q 0 0 0 rg BT 99.78 680.25 Td (333-70485, ) Tj ET Q q 0 0 0 rg BT 150.06 680.25 Td (333-39172, ) Tj ET Q q 0 0 0 rg BT 200.35 680.25 Td (333-39218, ) Tj ET Q q 0 0 0 rg BT 250.63 680.25 Td (333-39224, ) Tj ET Q q 0 0 0 rg BT 300.91 680.25 Td (333-63198, ) Tj ET Q q 0 0 0 rg BT 351.19 680.25 Td (333-90398, ) Tj ET Q q 0 0 0 rg BT 401.48 680.25 Td (333-106253, ) Tj ET Q q 0 0 0 rg BT 456.76 680.25 Td (333-1) Tj ET Q q 0 0 0 rg BT 479.72 680.25 Td (16249, ) Tj ET Q q 0 0 0 rg BT 511.67 680.25 Td (333-143848, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (333-160178, ) Tj ET Q q 0 0 0 rg BT 102.19 668.25 Td (333-167480, ) Tj ET Q q 0 0 0 rg BT 154.88 668.25 Td (333-175273, ) Tj ET Q q 0 0 0 rg BT 207.57 668.25 Td (333-189438, ) Tj ET Q q 0 0 0 rg BT 260.26 668.25 Td (333-206320, ) Tj ET Q q 0 0 0 rg BT 312.95 668.25 Td (333-206808, ) Tj ET Q q 0 0 0 rg BT 365.64 668.25 Td (333-212402, ) Tj ET Q q 0 0 0 rg BT 418.33 668.25 Td (333-218941 ) Tj ET Q q 0 0 0 rg BT 468.52 668.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.81 668.25 Td (333-232166\), ) Tj ET Q q 0 0 0 rg BT 540.83 668.25 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (S-3 ) Tj ET Q q 0 0 0 rg BT 65.68 656.25 Td (\(No. ) Tj ET Q q 0 0 0 rg BT 86.02 656.25 Td (333-222066\) ) Tj ET Q q 0 0 0 rg BT 139.97 656.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.69 656.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 180.65 656.25 Td (S-4 ) Tj ET Q q 0 0 0 rg BT 196.83 656.25 Td (\(No. ) Tj ET Q q 0 0 0 rg BT 217.17 656.25 Td (333-228935\) ) Tj ET Q q 0 0 0 rg BT 271.12 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.73 656.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 319.01 656.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 362.40 656.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 379.95 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.57 656.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.19 656.25 Td (report ) Tj ET Q q 0 0 0 rg BT 432.35 656.25 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.30 656.25 Td (February�26, ) Tj ET Q q 0 0 0 rg BT 509.68 656.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.68 656.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.97 656.25 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 644.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.98 644.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 156.69 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.63 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.34 644.25 Td (ef) Tj ET Q q 0 0 0 rg BT 195.93 644.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 242.85 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.68 644.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 286.73 644.25 Td (control ) Tj ET Q q 0 0 0 rg BT 317.55 644.25 Td (over ) Tj ET Q q 0 0 0 rg BT 337.82 644.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.30 644.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 416.96 644.25 Td (which ) Tj ET Q q 0 0 0 rg BT 443.89 644.25 Td (appears ) Tj ET Q q 0 0 0 rg BT 476.93 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.21 644.25 Td (this ) Tj ET Q q 0 0 0 rg BT 504.16 644.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 528.33 644.25 Td (10-K.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 606.75 m 235 606.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 611.42 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 64.45 611.42 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 166.36 611.42 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 596.42 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 82.96 596.42 Td (T) Tj ET Q q 0 0 0 rg BT 88.63 596.42 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 581.42 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 237 0 obj <> endobj 238 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.05 740.25 Td (Exhibit 23\(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.40 716.25 Td (DeGolyer) Tj ET Q q 0 0 0 rg BT 285.31 716.25 Td ( and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 704.25 Td (5001 Spring ) Tj ET Q q 0 0 0 rg BT 307.14 704.25 Td (V) Tj ET Q q 0 0 0 rg BT 313.25 704.25 Td (alley Road) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 692.25 Td (Suite 800 East) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.45 680.25 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 295.82 680.25 Td (T) Tj ET Q q 0 0 0 rg BT 301.23 680.25 Td (exas 75244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.20 656.25 Td (February�25, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 86.99 632.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 130.59 632.25 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (5320 ) Tj ET Q q 0 0 0 rg BT 72.00 620.25 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 103.92 620.25 Td (Drive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 77.10 608.25 Td (T) Tj ET Q q 0 0 0 rg BT 82.51 608.25 Td (exas ) Tj ET Q q 0 0 0 rg BT 102.78 608.25 Td (75024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (Ladies ) Tj ET Q q 0 0 0 rg BT 78.66 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.59 584.25 Td (Gentlemen:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 560.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 560.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.94 560.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 112.51 560.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 145.42 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.56 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.14 560.25 Td (use ) Tj ET Q q 0 0 0 rg BT 185.83 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.52 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.10 560.25 Td (name 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0 0 rg BT 261.90 548.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 277.14 548.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 302.38 548.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 343.44 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.39 548.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 388.90 548.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 424.40 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.48 548.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 473.21 548.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 517.05 548.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 537.56 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 554.74 548.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.75 536.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 102.46 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.82 536.25 Td (information ) Tj ET Q q 0 0 0 rg BT 162.07 536.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 185.77 536.25 Td (from ) Tj ET Q q 0 0 0 rg BT 207.24 536.25 Td (our ) Tj ET Q q 0 0 0 rg BT 222.61 536.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 252.42 536.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 284.44 536.25 Td (�Report ) Tj ET Q q 0 0 0 rg BT 318.14 536.25 Td (as ) Tj ET Q q 0 0 0 rg BT 328.51 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.87 536.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 396.99 536.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 419.03 536.25 Td (on ) Tj ET Q q 0 0 0 rg BT 431.07 536.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 469.21 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.68 536.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 522.71 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.07 536.25 Td (Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (Properties ) Tj ET Q q 0 0 0 rg BT 92.49 524.25 Td (with ) Tj ET Q q 0 0 0 rg BT 112.71 524.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 148.47 524.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 196.45 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.67 524.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 244.10 524.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 287.64 524.25 Td (Inc.,� ) Tj ET Q q 0 0 0 rg BT 312.29 524.25 Td (�Report ) Tj ET Q q 0 0 0 rg BT 346.38 524.25 Td (as ) Tj ET Q q 0 0 0 rg BT 357.15 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.92 524.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 426.45 524.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 448.89 524.25 Td (on ) Tj ET Q q 0 0 0 rg BT 461.33 524.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 499.87 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.75 524.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 554.17 524.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 82.09 512.25 Td (Properties ) Tj ET Q q 0 0 0 rg BT 125.80 512.25 Td (with ) Tj ET Q q 0 0 0 rg BT 146.73 512.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 183.22 512.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 231.91 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.85 512.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 281.00 512.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 325.25 512.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 343.68 512.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 365.18 512.25 Td (Case,� ) Tj ET Q q 0 0 0 rg BT 394.71 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.31 512.25 Td (�Report ) Tj ET Q q 0 0 0 rg BT 447.12 512.25 Td (as ) Tj ET Q q 0 0 0 rg BT 458.61 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.10 512.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 529.34 512.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 552.50 512.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 88.26 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.37 500.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 143.02 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.02 500.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 186.12 500.25 Td (Properties ) Tj ET Q q 0 0 0 rg BT 229.33 500.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 258.66 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 271.32 500.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 308.98 500.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 352.74 500.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 370.68 500.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 391.68 500.25 Td (Case� ) Tj ET Q q 0 0 0 rg BT 418.23 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.67 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.96 500.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 475.07 500.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 504.95 500.25 Td (on ) Tj ET Q q 0 0 0 rg BT 517.62 500.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 541.95 500.25 Td (10-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 488.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 97.82 488.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 141.42 488.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 159.19 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 173.35 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.06 488.25 Td (year ) Tj ET Q q 0 0 0 rg BT 207.77 488.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 234.15 488.25 Td (December�31, ) Tj ET Q q 0 0 0 rg BT 292.73 488.25 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (V) Tj ET Q q 0 0 0 rg BT 55.61 464.25 Td (ery ) Tj ET Q q 0 0 0 rg BT 70.88 464.25 Td (truly ) Tj ET Q q 0 0 0 rg BT 92.27 464.25 Td (yours,) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 426.75 m 235 426.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 431.42 Td (/s/ DeGolyer and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 416.42 Td (DeGolyer and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 401.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 401.42 Td (exas Registered Engineering Firm F-716) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 239 0 obj <> endobj 240 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.65 740.25 Td (Exhibit 31\(a\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.55 716.25 Td (CER) Tj ET Q q 0 0 0 rg BT 137.31 716.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 171.57 716.25 Td (TION UNDER SECTION 302 OF) Tj ET Q q 0 0 0 rg BT 316.22 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.54 716.25 Td 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Td (of ) Tj ET Q q 0 0 0 rg BT 247.73 668.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 285.22 668.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 328.82 668.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 346.59 668.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 364.63 668.25 Td (registrant\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 644.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.61 644.25 Td (on ) Tj ET Q q 0 0 0 rg BT 107.28 644.25 Td (my ) Tj ET Q q 0 0 0 rg BT 122.73 644.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 171.78 644.25 Td (this ) Tj ET Q q 0 0 0 rg BT 188.90 644.25 Td (report ) Tj ET Q q 0 0 0 rg BT 215.45 644.25 Td (does ) Tj ET Q q 0 0 0 rg BT 236.46 644.25 Td (not ) Tj ET Q q 0 0 0 rg BT 251.91 644.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 284.01 644.25 Td (any ) Tj ET Q q 0 0 0 rg BT 301.12 644.25 Td (untrue ) Tj ET Q q 0 0 0 rg BT 329.34 644.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 370.33 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.34 644.25 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0 0 rg BT 106.49 596.25 Td (my ) Tj ET Q q 0 0 0 rg BT 121.55 596.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 170.20 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.69 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.95 596.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 268.94 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.66 596.25 Td (other ) Tj ET Q q 0 0 0 rg BT 308.48 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.74 596.25 Td (information ) Tj ET Q q 0 0 0 rg BT 395.23 596.25 Td (included ) Tj ET Q q 0 0 0 rg BT 431.94 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.99 596.25 Td (this ) Tj ET Q q 0 0 0 rg BT 458.72 596.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 487.37 596.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 511.30 596.25 Td (present ) Tj ET Q q 0 0 0 rg BT 542.46 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.51 596.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (material ) Tj ET Q q 0 0 0 rg BT 103.67 584.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 139.28 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.90 584.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.29 584.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 236.97 584.25 Td (results ) Tj ET Q q 0 0 0 rg BT 266.49 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.23 584.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 323.29 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.13 584.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 362.31 584.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 387.94 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.68 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 584.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 456.47 584.25 Td (as ) Tj ET Q q 0 0 0 rg BT 468.21 584.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 482.45 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.29 584.25 Td (for) Tj ET Q q 0 0 0 rg BT 511.55 584.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.46 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 584.25 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 572.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 108.32 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 572.25 Td 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0 0 rg BT 110.26 524.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 151.64 524.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 168.57 524.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 193.85 524.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 234.11 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.05 524.25 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 295.20 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.36 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.08 524.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 364.34 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.28 524.25 Td (have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 126.58 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 148.22 500.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 192.07 500.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 227.60 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.35 500.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 295.03 500.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.67 500.25 Td 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(registrant, ) Tj ET Q q 0 0 0 rg BT 410.00 488.25 Td (including ) Tj ET Q q 0 0 0 rg BT 449.45 488.25 Td (its ) Tj ET Q q 0 0 0 rg BT 460.57 488.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 512.79 488.25 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.43 476.25 Td (made ) Tj ET Q q 0 0 0 rg BT 118.34 476.25 Td (known ) Tj ET Q q 0 0 0 rg BT 147.82 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.86 476.25 Td (us ) Tj ET Q q 0 0 0 rg BT 169.01 476.25 Td (by ) Tj ET Q q 0 0 0 rg BT 181.27 476.25 Td (others ) Tj ET Q q 0 0 0 rg BT 207.96 476.25 Td (within ) Tj ET Q q 0 0 0 rg BT 235.78 476.25 Td (those ) Tj ET Q q 0 0 0 rg BT 259.15 476.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 292.79 476.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 341.13 476.25 Td (during ) Tj ET Q q 0 0 0 rg BT 369.50 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.97 476.25 Td (period ) Tj ET Q q 0 0 0 rg BT 411.78 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.82 476.25 Td 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464.13 452.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 502.29 452.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 542.12 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 452.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 123.77 440.25 Td (under ) Tj ET Q q 0 0 0 rg BT 149.25 440.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.30 440.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 216.63 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.13 440.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 260.39 440.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 305.86 440.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 347.45 440.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 388.48 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.42 440.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 445.02 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.06 440.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.76 440.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 533.14 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 440.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 133.53 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.36 428.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.84 428.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.55 428.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.71 428.25 Td (external ) Tj ET Q q 0 0 0 rg BT 275.42 428.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 313.47 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.75 428.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 371.21 428.25 Td (with ) Tj ET Q q 0 0 0 rg BT 391.49 428.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 431.19 428.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 468.66 428.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 515.03 428.25 Td (principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 404.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.25 Td (Evaluated ) Tj ET Q q 0 0 0 rg BT 129.78 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.30 404.25 Td (ef) Tj ET Q q 0 0 0 rg BT 153.89 404.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 202.62 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.25 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.77 404.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 272.32 404.25 Td (s ) Tj ET Q q 0 0 0 rg BT 280.51 404.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 325.36 404.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 361.88 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.63 404.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 428.80 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.54 404.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 490.16 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.24 404.25 Td (this ) Tj ET Q q 0 0 0 rg BT 520.99 404.25 Td (report ) Tj ET Q q 0 0 0 rg BT 549.17 404.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 135.02 392.25 Td (about ) Tj ET Q q 0 0 0 rg BT 159.54 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.05 392.25 Td (ef) Tj ET Q q 0 0 0 rg BT 181.64 392.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 228.37 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.52 392.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 296.36 392.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 330.88 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.62 392.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 396.29 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 406.92 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.55 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.07 392.25 Td (end ) Tj ET Q q 0 0 0 rg BT 448.81 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.44 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.96 392.25 Td (period ) Tj ET Q q 0 0 0 rg BT 501.81 392.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 535.76 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 548.06 392.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 380.25 Td (report ) Tj ET Q q 0 0 0 rg BT 111.88 380.25 Td (based ) Tj ET Q q 0 0 0 rg BT 137.15 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 149.65 380.25 Td (such ) Tj ET Q q 0 0 0 rg BT 170.48 380.25 Td (evaluation; ) Tj ET Q q 0 0 0 rg BT 217.40 380.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 356.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 356.25 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 127.75 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.33 356.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.58 356.25 Td (report ) Tj ET Q q 0 0 0 rg BT 182.27 356.25 Td (any ) Tj ET Q q 0 0 0 rg BT 199.51 356.25 Td (change ) Tj ET Q q 0 0 0 rg BT 230.64 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.22 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.24 356.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 296.79 356.25 Td (s ) Tj ET Q q 0 0 0 rg BT 303.48 356.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.83 356.25 Td (control ) Tj ET Q q 0 0 0 rg BT 367.96 356.25 Td (over ) Tj ET Q q 0 0 0 rg BT 388.54 356.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.33 356.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 465.79 356.25 Td (that ) Tj ET Q q 0 0 0 rg BT 483.59 356.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 521.37 356.25 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 356.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 126.04 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 131.34 344.25 Td (most ) Tj ET Q q 0 0 0 rg BT 152.19 344.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 178.01 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 201.07 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 230.79 344.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 247.74 344.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 288.28 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 293.58 344.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 319.42 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 342.48 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 372.19 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.38 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.00 344.25 Td (case ) Tj ET Q q 0 0 0 rg BT 413.60 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.34 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 434.18 344.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 462.24 344.25 Td (report\) ) Tj ET Q q 0 0 0 rg BT 490.85 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 507.25 344.25 Td (has ) Tj ET Q q 0 0 0 rg BT 521.98 344.25 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 93.09 332.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 122.51 332.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.34 332.25 Td (is ) Tj ET Q q 0 0 0 rg BT 142.51 332.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 188.33 332.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 213.60 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.88 332.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 266.92 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 274.50 332.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 294.49 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.21 332.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 349.75 332.25 Td (s ) Tj ET Q q 0 0 0 rg BT 356.14 332.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 389.18 332.25 Td (control ) Tj ET Q q 0 0 0 rg BT 420.01 332.25 Td (over ) Tj ET Q q 0 0 0 rg BT 440.28 332.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.76 332.25 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 519.69 332.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.95 308.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 126.49 308.25 Td (s ) Tj ET Q q 0 0 0 rg BT 133.29 308.25 Td (other ) Tj ET Q q 0 0 0 rg BT 156.74 308.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 198.52 308.25 Td (of) Tj ET Q q 0 0 0 rg BT 206.67 308.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 231.78 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.13 308.25 Td (I ) Tj ET Q q 0 0 0 rg BT 255.36 308.25 Td (have ) Tj ET Q q 0 0 0 rg BT 277.14 308.25 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 319.77 308.25 Td (based ) Tj ET Q q 0 0 0 rg BT 345.44 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.34 308.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.58 308.25 Td (most ) Tj ET Q q 0 0 0 rg BT 396.93 308.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 424.26 308.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 468.82 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.05 308.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.50 308.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.73 308.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 296.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 106.13 296.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 148.94 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.37 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.24 296.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 216.78 296.25 Td (s ) Tj ET Q q 0 0 0 rg BT 224.33 296.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 260.20 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.29 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.16 296.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 317.80 296.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 363.66 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.64 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.51 296.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 432.06 296.25 Td (s ) Tj ET Q q 0 0 0 rg BT 439.60 296.25 Td (board ) Tj ET Q q 0 0 0 rg BT 466.02 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.00 296.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 516.64 296.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 531.95 296.25 Td (persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 284.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 114.99 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.70 284.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 173.85 284.25 Td (functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 260.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 260.25 Td (All ) Tj ET Q q 0 0 0 rg BT 100.25 260.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 144.44 260.25 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 194.17 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.58 260.25 Td (material ) Tj ET Q q 0 0 0 rg BT 245.32 260.25 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 293.95 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.70 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.89 260.25 Td (design ) Tj ET Q q 0 0 0 rg BT 345.98 260.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.29 260.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 396.03 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.33 260.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 438.85 260.25 Td (control ) Tj ET Q q 0 0 0 rg BT 469.15 260.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.90 260.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 260.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 248.25 Td (which ) Tj ET Q q 0 0 0 rg BT 112.31 248.25 Td (are ) Tj ET Q q 0 0 0 rg BT 126.89 248.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 172.57 248.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 197.72 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.87 248.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 248.55 248.25 Td (af) Tj ET Q q 0 0 0 rg BT 256.14 248.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 273.50 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.08 248.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 328.63 248.25 Td (s ) Tj ET Q q 0 0 0 rg BT 334.89 248.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 362.81 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.96 248.25 Td (record, ) Tj ET Q q 0 0 0 rg BT 403.37 248.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 438.23 248.25 Td (summarize ) Tj ET Q q 0 0 0 rg BT 484.47 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.28 248.25 Td (report ) Tj ET Q q 0 0 0 rg BT 527.53 248.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 236.25 Td (information; ) Tj ET Q q 0 0 0 rg BT 137.99 236.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 212.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.89 212.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 108.19 212.25 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 134.86 212.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 170.14 212.25 Td (or ) Tj ET Q q 0 0 0 rg BT 181.54 212.25 Td (not ) Tj ET Q q 0 0 0 rg BT 197.39 212.25 Td (material, ) Tj ET Q q 0 0 0 rg BT 235.73 212.25 Td (that ) Tj ET Q q 0 0 0 rg BT 253.79 212.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 290.75 212.25 Td (management ) Tj ET Q q 0 0 0 rg BT 344.91 212.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.32 212.25 Td (other ) Tj ET Q q 0 0 0 rg BT 379.94 212.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 425.77 212.25 Td (who ) Tj ET Q q 0 0 0 rg BT 446.07 212.25 Td (have ) Tj ET Q q 0 0 0 rg BT 468.02 212.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.53 212.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 520.81 212.25 Td (role ) Tj ET Q q 0 0 0 rg BT 539.43 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 212.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 200.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 126.04 200.25 Td (s ) Tj ET Q q 0 0 0 rg BT 132.43 200.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 165.48 200.25 Td (control ) Tj ET Q q 0 0 0 rg BT 196.30 200.25 Td (over ) Tj ET Q q 0 0 0 rg BT 216.57 200.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.05 200.25 Td (reporting.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 162.75 m 561.5 162.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 167.42 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 167.42 Td (/s/ Christian S. Kendall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 152.42 Td (Christian S. Kendall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 137.42 Td (Director) Tj ET Q q 0 0 0 rg BT 371.92 137.42 Td (, President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 511.14 137.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 241 0 obj <> endobj 242 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.05 740.25 Td (Exhibit 31\(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.55 716.25 Td (CER) Tj ET Q q 0 0 0 rg BT 137.31 716.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 171.57 716.25 Td (TION UNDER SECTION 302 OF) Tj ET Q q 0 0 0 rg BT 316.22 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.54 716.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 434.03 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 435.98 716.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 456.91 716.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 472.93 716.25 Td ( 2002 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 57.83 692.25 Td (Mark ) Tj ET Q q 0 0 0 rg BT 81.99 692.25 Td (C. ) Tj ET Q q 0 0 0 rg BT 93.11 692.25 Td (Allen, ) Tj ET Q q 0 0 0 rg BT 120.33 692.25 Td (certify ) Tj ET Q q 0 0 0 rg BT 148.92 692.25 Td (that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 668.25 Td (I ) Tj ET Q q 0 0 0 rg BT 73.33 668.25 Td (have ) Tj ET Q q 0 0 0 rg BT 94.71 668.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 133.85 668.25 Td (this ) Tj ET Q q 0 0 0 rg BT 150.80 668.25 Td (report ) Tj ET Q q 0 0 0 rg BT 177.18 668.25 Td (on ) Tj ET Q q 0 0 0 rg BT 189.68 668.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 213.85 668.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 236.90 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.73 668.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 285.22 668.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 328.82 668.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 346.59 668.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 364.63 668.25 Td (registrant\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 644.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.61 644.25 Td (on ) Tj ET Q q 0 0 0 rg BT 107.28 644.25 Td (my ) Tj ET Q q 0 0 0 rg BT 122.73 644.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 171.78 644.25 Td (this ) Tj ET Q q 0 0 0 rg BT 188.90 644.25 Td (report ) Tj ET Q q 0 0 0 rg BT 215.45 644.25 Td (does ) Tj ET Q q 0 0 0 rg BT 236.46 644.25 Td (not ) Tj ET Q q 0 0 0 rg BT 251.91 644.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 284.01 644.25 Td (any ) Tj ET Q q 0 0 0 rg BT 301.12 644.25 Td (untrue ) Tj ET Q q 0 0 0 rg BT 329.34 644.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 370.33 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.34 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 388.45 644.25 Td (material ) Tj ET Q q 0 0 0 rg BT 423.88 644.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 441.54 644.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.54 644.25 Td (omit ) Tj ET Q q 0 0 0 rg BT 473.55 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.00 644.25 Td (state ) Tj ET Q q 0 0 0 rg BT 505.00 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.11 644.25 Td (material ) Tj ET Q q 0 0 0 rg BT 547.54 644.25 Td (fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 632.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 108.41 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.24 632.25 Td (make ) Tj ET Q q 0 0 0 rg BT 141.94 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.20 632.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 200.46 632.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 226.66 632.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.48 632.25 Td (light ) Tj ET Q q 0 0 0 rg BT 256.87 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.24 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.50 632.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 340.19 632.25 Td (under ) Tj ET Q q 0 0 0 rg BT 365.00 632.25 Td (which ) Tj ET Q q 0 0 0 rg BT 391.49 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.87 632.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.12 632.25 Td (were ) Tj ET Q q 0 0 0 rg BT 477.60 632.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 503.80 632.25 Td (not ) Tj ET Q q 0 0 0 rg BT 518.62 632.25 Td (misleading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 620.25 Td (with ) Tj ET Q q 0 0 0 rg BT 87.78 620.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 118.59 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.87 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.59 620.25 Td (period ) Tj ET Q q 0 0 0 rg BT 171.64 620.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 205.78 620.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.28 620.25 Td (this ) Tj ET Q q 0 0 0 rg BT 235.23 620.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 596.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.22 596.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.49 596.25 Td (my ) Tj ET Q q 0 0 0 rg BT 121.55 596.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 170.20 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.69 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.95 596.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 268.94 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.66 596.25 Td (other ) Tj ET Q q 0 0 0 rg BT 308.48 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.74 596.25 Td (information ) Tj ET Q q 0 0 0 rg BT 395.23 596.25 Td (included ) Tj ET Q q 0 0 0 rg BT 431.94 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.99 596.25 Td (this ) Tj ET Q q 0 0 0 rg BT 458.72 596.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 487.37 596.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 511.30 596.25 Td (present ) Tj ET Q q 0 0 0 rg BT 542.46 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.51 596.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (material ) Tj ET Q q 0 0 0 rg BT 103.67 584.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 139.28 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.90 584.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.29 584.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 236.97 584.25 Td (results ) Tj ET Q q 0 0 0 rg BT 266.49 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.23 584.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 323.29 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.13 584.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 362.31 584.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 387.94 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.68 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 584.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 456.47 584.25 Td (as ) Tj ET Q q 0 0 0 rg BT 468.21 584.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 482.45 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.29 584.25 Td (for) Tj ET Q q 0 0 0 rg BT 511.55 584.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.46 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 584.25 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 572.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 108.32 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 572.25 Td (this ) Tj ET Q q 0 0 0 rg BT 135.54 572.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 548.25 Td (The ) Tj ET Q q 0 0 0 rg BT 87.11 548.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 127.65 548.25 Td (s ) Tj ET Q q 0 0 0 rg BT 135.60 548.25 Td (other ) Tj ET Q q 0 0 0 rg BT 160.20 548.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 203.13 548.25 Td (of) Tj ET Q q 0 0 0 rg BT 211.28 548.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 237.55 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.05 548.25 Td (I ) Tj ET Q q 0 0 0 rg BT 263.43 548.25 Td (are ) Tj ET Q q 0 0 0 rg BT 279.70 548.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 329.31 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.02 548.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 396.86 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.35 548.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 467.18 548.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 511.79 548.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 548.06 548.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 536.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 114.83 536.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 129.95 536.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 163.40 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.64 536.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 216.77 536.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 234.67 536.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 260.91 536.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 303.24 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.14 536.25 Td (15d-15\(e\)\) ) Tj ET Q q 0 0 0 rg BT 367.37 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.27 536.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 419.27 536.25 Td (control ) Tj ET Q q 0 0 0 rg BT 451.06 536.25 Td (over ) Tj ET Q q 0 0 0 rg BT 472.29 536.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.74 536.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 550.86 536.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 524.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 99.99 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.26 524.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 151.64 524.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 168.57 524.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 193.85 524.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 234.11 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.05 524.25 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 295.20 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.36 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.08 524.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 364.34 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.28 524.25 Td (have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 126.58 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 148.22 500.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 192.07 500.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 227.60 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.35 500.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 295.03 500.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.67 500.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 337.18 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 358.82 500.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 402.68 500.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 438.20 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.95 500.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 503.13 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.22 500.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.96 500.25 Td (designed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (under ) Tj ET Q q 0 0 0 rg BT 109.95 488.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.96 488.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 175.24 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.70 488.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 212.48 488.25 Td (that ) Tj ET Q q 0 0 0 rg BT 229.15 488.25 Td (material ) Tj ET Q q 0 0 0 rg BT 263.59 488.25 Td (information ) Tj ET Q q 0 0 0 rg BT 312.48 488.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 344.70 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.16 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.05 488.25 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 410.00 488.25 Td (including ) Tj ET Q q 0 0 0 rg BT 449.45 488.25 Td (its ) Tj ET Q q 0 0 0 rg BT 460.57 488.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 512.79 488.25 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.43 476.25 Td (made ) Tj ET Q q 0 0 0 rg BT 118.34 476.25 Td (known ) Tj ET Q q 0 0 0 rg BT 147.82 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.86 476.25 Td (us ) Tj ET Q q 0 0 0 rg BT 169.01 476.25 Td (by ) Tj ET Q q 0 0 0 rg BT 181.27 476.25 Td (others ) Tj ET Q q 0 0 0 rg BT 207.96 476.25 Td (within ) Tj ET Q q 0 0 0 rg BT 235.78 476.25 Td (those ) Tj ET Q q 0 0 0 rg BT 259.15 476.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 292.79 476.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 341.13 476.25 Td (during ) Tj ET Q q 0 0 0 rg BT 369.50 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.97 476.25 Td (period ) Tj ET Q q 0 0 0 rg BT 411.78 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.82 476.25 Td (which ) Tj ET Q q 0 0 0 rg BT 448.51 476.25 Td (this ) Tj ET Q q 0 0 0 rg BT 465.22 476.25 Td (report ) Tj ET Q q 0 0 0 rg BT 491.35 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 500.28 476.25 Td (being ) Tj ET Q q 0 0 0 rg BT 524.76 476.25 Td (prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 126.44 452.25 Td (such ) Tj ET Q q 0 0 0 rg BT 147.95 452.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 181.66 452.25 Td (control ) Tj ET Q q 0 0 0 rg BT 213.16 452.25 Td (over ) Tj ET Q q 0 0 0 rg BT 234.10 452.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.26 452.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 314.59 452.25 Td (or ) Tj ET Q q 0 0 0 rg BT 326.09 452.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 356.47 452.25 Td (such ) Tj ET Q q 0 0 0 rg BT 377.98 452.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 411.69 452.25 Td (control ) Tj ET Q q 0 0 0 rg BT 443.19 452.25 Td (over ) Tj ET Q q 0 0 0 rg BT 464.13 452.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 502.29 452.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 542.12 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 452.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 123.77 440.25 Td (under ) Tj ET Q q 0 0 0 rg BT 149.25 440.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.30 440.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 216.63 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.13 440.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 260.39 440.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 305.86 440.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 347.45 440.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 388.48 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.42 440.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 445.02 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.06 440.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.76 440.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 533.14 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 440.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 133.53 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.36 428.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.84 428.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.55 428.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.71 428.25 Td (external ) Tj ET Q q 0 0 0 rg BT 275.42 428.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 313.47 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.75 428.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 371.21 428.25 Td (with ) Tj ET Q q 0 0 0 rg BT 391.49 428.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 431.19 428.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 468.66 428.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 515.03 428.25 Td (principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 404.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.25 Td (Evaluated ) Tj ET Q q 0 0 0 rg BT 129.78 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.30 404.25 Td (ef) Tj ET Q q 0 0 0 rg BT 153.89 404.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 202.62 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.25 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.77 404.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 272.32 404.25 Td (s ) Tj ET Q q 0 0 0 rg BT 280.51 404.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 325.36 404.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 361.88 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.63 404.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 428.80 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.54 404.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 490.16 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.24 404.25 Td (this ) Tj ET Q q 0 0 0 rg BT 520.99 404.25 Td (report ) Tj ET Q q 0 0 0 rg BT 549.17 404.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 135.02 392.25 Td (about ) Tj ET Q q 0 0 0 rg BT 159.54 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.05 392.25 Td (ef) Tj ET Q q 0 0 0 rg BT 181.64 392.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 228.37 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.52 392.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 296.36 392.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 330.88 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.62 392.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 396.29 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 406.92 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.55 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.07 392.25 Td (end ) Tj ET Q q 0 0 0 rg BT 448.81 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.44 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.96 392.25 Td (period ) Tj ET Q q 0 0 0 rg BT 501.81 392.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 535.76 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 548.06 392.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 380.25 Td (report ) Tj ET Q q 0 0 0 rg BT 111.88 380.25 Td (based ) Tj ET Q q 0 0 0 rg BT 137.15 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 149.65 380.25 Td (such ) Tj ET Q q 0 0 0 rg BT 170.48 380.25 Td (evaluation; ) Tj ET Q q 0 0 0 rg BT 217.40 380.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 356.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 356.25 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 127.75 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.33 356.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.58 356.25 Td (report ) Tj ET Q q 0 0 0 rg BT 182.27 356.25 Td (any ) Tj ET Q q 0 0 0 rg BT 199.51 356.25 Td (change ) Tj ET Q q 0 0 0 rg BT 230.64 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.22 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.24 356.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 296.79 356.25 Td (s ) Tj ET Q q 0 0 0 rg BT 303.48 356.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.83 356.25 Td (control ) Tj ET Q q 0 0 0 rg BT 367.96 356.25 Td (over ) Tj ET Q q 0 0 0 rg BT 388.54 356.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.33 356.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 465.79 356.25 Td (that ) Tj ET Q q 0 0 0 rg BT 483.59 356.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 521.37 356.25 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 356.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 126.04 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 131.34 344.25 Td (most ) Tj ET Q q 0 0 0 rg BT 152.19 344.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 178.01 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 201.07 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 230.79 344.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 247.74 344.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 288.28 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 293.58 344.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 319.42 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 342.48 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 372.19 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.38 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.00 344.25 Td (case ) Tj ET Q q 0 0 0 rg BT 413.60 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.34 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 434.18 344.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 462.24 344.25 Td (report\) ) Tj ET Q q 0 0 0 rg BT 490.85 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 507.25 344.25 Td (has ) Tj ET Q q 0 0 0 rg BT 521.98 344.25 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 93.09 332.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 122.51 332.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.34 332.25 Td (is ) Tj ET Q q 0 0 0 rg BT 142.51 332.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 188.33 332.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 213.60 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.88 332.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 266.92 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 274.50 332.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 294.49 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.21 332.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 349.75 332.25 Td (s ) Tj ET Q q 0 0 0 rg BT 356.14 332.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 389.18 332.25 Td (control ) Tj ET Q q 0 0 0 rg BT 420.01 332.25 Td (over ) Tj ET Q q 0 0 0 rg BT 440.28 332.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.76 332.25 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 519.69 332.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.95 308.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 126.49 308.25 Td (s ) Tj ET Q q 0 0 0 rg BT 133.29 308.25 Td (other ) Tj ET Q q 0 0 0 rg BT 156.74 308.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 198.52 308.25 Td (of) Tj ET Q q 0 0 0 rg BT 206.67 308.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 231.78 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.13 308.25 Td (I ) Tj ET Q q 0 0 0 rg BT 255.36 308.25 Td (have ) Tj ET Q q 0 0 0 rg BT 277.14 308.25 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 319.77 308.25 Td (based ) Tj ET Q q 0 0 0 rg BT 345.44 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.34 308.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.58 308.25 Td (most ) Tj ET Q q 0 0 0 rg BT 396.93 308.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 424.26 308.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 468.82 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.05 308.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.50 308.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.73 308.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 296.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 106.13 296.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 148.94 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.37 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.24 296.25 Td (registrant�) Tj ET Q q 0 0 0 rg BT 216.78 296.25 Td (s 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0 0 0 rg BT 126.04 200.25 Td (s ) Tj ET Q q 0 0 0 rg BT 132.43 200.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 165.48 200.25 Td (control ) Tj ET Q q 0 0 0 rg BT 196.30 200.25 Td (over ) Tj ET Q q 0 0 0 rg BT 216.57 200.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.05 200.25 Td (reporting.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 162.75 m 561.5 162.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 167.42 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 167.42 Td (/s/ Mark C. ) Tj ET Q q 0 0 0 rg BT 386.50 167.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 152.42 Td (Mark C. ) Tj ET Q q 0 0 0 rg BT 374.55 152.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 137.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 381.30 137.42 Td (V) Tj ET Q q 0 0 0 rg BT 387.92 137.42 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 519.09 137.42 Td (ficer) Tj ET Q q 0 0 0 rg BT 537.01 137.42 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 127.42 Td (T) Tj ET Q q 0 0 0 rg BT 344.76 127.42 Td (reasurer) Tj ET Q q 0 0 0 rg BT 376.55 127.42 Td (, and ) Tj ET Q q 0 0 0 rg BT 397.94 127.42 Td (Assistant Secretary) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 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(year ) Tj ET Q q 0 0 0 rg BT 363.01 680.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 388.69 680.25 Td (December ) Tj ET Q q 0 0 0 rg BT 431.58 680.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.88 680.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.88 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.69 680.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 485.04 680.25 Td (Report\) ) Tj ET Q q 0 0 0 rg BT 517.39 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 680.25 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 93.29 668.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 111.26 668.25 Td (\(Denbury\) ) Tj ET Q q 0 0 0 rg BT 155.60 668.25 Td (as ) Tj ET Q q 0 0 0 rg BT 166.63 668.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 187.65 668.25 Td (with ) Tj ET Q q 0 0 0 rg BT 208.12 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.04 668.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 265.16 668.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.30 668.25 Td (Exchange ) Tj ET Q q 0 0 0 rg 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0 rg BT 67.50 608.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (information ) Tj ET Q q 0 0 0 rg BT 117.30 584.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 158.76 584.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.13 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.94 584.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 213.75 584.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 237.99 584.25 Td (presents, ) Tj ET Q q 0 0 0 rg BT 275.85 584.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.22 584.25 Td (all ) Tj ET Q q 0 0 0 rg BT 298.81 584.25 Td (material ) Tj ET Q q 0 0 0 rg BT 334.16 584.25 Td (respects, ) Tj ET Q q 0 0 0 rg BT 371.45 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.26 584.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 423.83 584.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 464.19 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.22 584.25 Td (results ) Tj ET Q q 0 0 0 rg BT 509.92 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.84 584.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 572.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 112.67 572.25 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 534.75 m 561.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 459.75 m 561.5 459.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.15 539.42 Td (Dated:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 539.42 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 539.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 539.42 Td (/s/ Christian S. Kendall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 524.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 524.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 524.42 Td (Christian S. Kendall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 509.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 509.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 509.42 Td (Director) Tj ET Q q 0 0 0 rg BT 372.12 509.42 Td (, President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 511.23 509.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 479.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 479.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 479.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.15 464.42 Td (Dated:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 464.42 Td (February 26, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 464.42 Td (�) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 464.42 Td (/s/ Mark C. ) Tj ET Q q 0 0 0 rg BT 386.50 464.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 449.42 Td (Mark C. ) Tj ET Q q 0 0 0 rg BT 374.55 449.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 434.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 381.30 434.42 Td (V) Tj ET Q q 0 0 0 rg BT 387.92 434.42 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 519.09 434.42 Td (ficer) Tj ET Q q 0 0 0 rg BT 537.01 434.42 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 424.42 Td (T) Tj ET Q q 0 0 0 rg BT 344.76 424.42 Td (reasurer) Tj ET Q q 0 0 0 rg BT 376.55 424.42 Td (, and ) Tj ET Q q 0 0 0 rg BT 397.94 424.42 Td (Assistant Secretary) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 245 0 obj <> endobj 246 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.30 740.25 Td (Exhibit 99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.40 716.25 Td (DeGolyer) Tj ET Q q 0 0 0 rg BT 285.31 716.25 Td ( and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 704.25 Td (5001 Spring ) Tj ET Q q 0 0 0 rg BT 307.14 704.25 Td (V) Tj ET Q q 0 0 0 rg BT 313.25 704.25 Td (alley Road) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 692.25 Td (Suite 800 East) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.45 680.25 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 295.82 680.25 Td (T) Tj ET Q q 0 0 0 rg BT 301.23 680.25 Td (exas 75244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.20 656.25 Td (February 14, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (5320 Legacy Drive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 77.10 608.25 Td (T) Tj ET Q q 0 0 0 rg BT 82.51 608.25 Td (exas 75024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (Ladies and Gentlemen:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 123.13 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.53 560.25 Td (your ) Tj ET Q q 0 0 0 rg BT 154.49 560.25 Td (request, ) Tj ET Q q 0 0 0 rg BT 188.49 560.25 Td (this ) Tj ET Q q 0 0 0 rg BT 205.57 560.25 Td (report ) Tj ET Q q 0 0 0 rg BT 232.07 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.03 560.25 Td (third ) Tj ET Q q 0 0 0 rg BT 264.54 560.25 Td (party ) Tj ET Q q 0 0 0 rg BT 287.72 560.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 323.11 560.25 Td (an ) Tj ET Q q 0 0 0 rg BT 335.18 560.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 386.68 560.25 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 433.45 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.41 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.37 560.25 Td (December ) Tj ET Q q 0 0 0 rg BT 499.08 560.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 514.21 560.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 539.33 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 560.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 76.52 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.55 548.25 Td (value ) Tj ET Q q 0 0 0 rg BT 117.80 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.71 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.52 548.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 184.43 548.25 Td (net ) Tj ET Q q 0 0 0 rg BT 199.24 548.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 229.59 548.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 245.24 548.25 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 294.75 548.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 325.11 548.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 341.03 548.25 Td (liquids ) Tj ET Q q 0 0 0 rg BT 370.84 548.25 Td (\(NGL\), ) Tj ET Q q 0 0 0 rg BT 403.14 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.17 548.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 436.09 548.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 471.44 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.36 548.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 512.15 548.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 554.72 548.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.03 536.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 115.11 536.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 159.30 536.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 177.66 536.25 Td (\(Denbury\) ) Tj ET Q q 0 0 0 rg BT 222.40 536.25 Td (has ) Tj ET Q q 0 0 0 rg BT 238.82 536.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 288.00 536.25 Td (it ) Tj ET Q q 0 0 0 rg BT 296.64 536.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 321.40 536.25 Td (an ) Tj ET Q q 0 0 0 rg BT 333.93 536.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 368.73 536.25 Td (This ) Tj ET Q q 0 0 0 rg BT 389.60 536.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 434.35 536.25 Td (was ) Tj ET Q q 0 0 0 rg BT 452.99 536.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 497.73 536.25 Td (on ) Tj ET Q q 0 0 0 rg BT 510.82 536.25 Td (February ) Tj ET Q q 0 0 0 rg BT 550.01 536.25 Td (14, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 73.36 524.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.36 524.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 131.81 524.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 171.58 524.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 198.03 524.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.70 524.25 Td (located ) Tj ET Q q 0 0 0 rg BT 242.03 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.27 524.25 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 294.67 524.25 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 344.20 524.25 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 383.71 524.25 Td (North ) Tj ET Q q 0 0 0 rg BT 408.50 524.25 Td (Dakota, ) Tj ET Q q 0 0 0 rg BT 441.23 524.25 Td (T) Tj ET Q q 0 0 0 rg BT 446.64 524.25 Td (exas, ) Tj ET Q q 0 0 0 rg BT 468.37 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.17 524.25 Td (W) Tj ET Q q 0 0 0 rg BT 493.00 524.25 Td (yoming. ) Tj ET Q q 0 0 0 rg BT 527.52 524.25 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (has ) Tj ET Q q 0 0 0 rg BT 65.24 512.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 113.73 512.25 Td (that ) Tj ET Q q 0 0 0 rg BT 131.14 512.25 Td (these ) Tj ET Q q 0 0 0 rg BT 154.09 512.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 196.49 512.25 Td (account ) Tj ET Q q 0 0 0 rg BT 229.99 512.25 Td (for ) Tj ET Q q 0 0 0 rg BT 244.06 512.25 Td (100 ) Tj ET Q q 0 0 0 rg BT 261.47 512.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 293.31 512.25 Td (on ) Tj ET Q q 0 0 0 rg BT 305.72 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.56 512.25 Td (net ) Tj ET Q q 0 0 0 rg BT 327.19 512.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 371.25 512.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 396.98 512.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 419.39 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.13 512.25 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 467.89 512.25 Td (s ) Tj ET Q q 0 0 0 rg BT 474.19 512.25 Td (net ) Tj ET Q q 0 0 0 rg BT 488.82 512.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 519.00 512.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 554.17 512.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.00 500.25 Td (December ) Tj ET Q q 0 0 0 rg BT 103.25 500.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 117.91 500.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 142.42 500.25 Td (The ) Tj ET Q q 0 0 0 rg BT 160.13 500.25 Td (net ) Tj ET Q q 0 0 0 rg BT 174.51 500.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 204.45 500.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 239.37 500.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 278.75 500.25 Td (have ) Tj ET Q q 0 0 0 rg BT 299.79 500.25 Td (been ) Tj ET Q q 0 0 0 rg BT 320.84 500.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 357.98 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.92 500.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 415.05 500.25 Td (with ) Tj ET Q q 0 0 0 rg BT 434.99 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.37 500.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 484.30 500.25 Td (definitions ) Tj ET Q q 0 0 0 rg BT 529.24 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.73 500.25 Td (Rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 82.43 488.25 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 117.59 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.42 488.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 176.81 488.25 Td (S-X ) Tj ET Q q 0 0 0 rg BT 196.43 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.26 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.99 488.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 266.92 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.87 488.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 327.80 488.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 381.87 488.25 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 410.37 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.21 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.93 488.25 Td (United ) Tj ET Q q 0 0 0 rg BT 468.65 488.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 498.29 488.25 Td (This ) Tj ET Q q 0 0 0 rg BT 519.57 488.25 Td (report ) Tj ET Q q 0 0 0 rg BT 546.95 488.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 87.01 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.32 476.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 144.81 476.25 Td (with ) Tj ET Q q 0 0 0 rg BT 165.12 476.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 208.76 476.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 247.38 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.69 476.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 278.55 476.25 Td (1202 ) Tj ET Q q 0 0 0 rg BT 301.08 476.25 Td (\(a\)\(8\) ) Tj ET Q q 0 0 0 rg BT 326.37 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.23 476.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 383.65 476.25 Td (S-K ) Tj ET Q q 0 0 0 rg BT 402.29 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.26 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 428.46 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.77 476.25 Td (be ) Tj ET Q q 0 0 0 rg BT 450.74 476.25 Td (used ) Tj ET Q q 0 0 0 rg BT 471.60 476.25 Td (for ) Tj ET Q q 0 0 0 rg BT 485.80 476.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 524.99 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 535.30 476.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 70.34 464.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 98.40 464.25 Td (by ) Tj ET Q q 0 0 0 rg BT 110.90 464.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 145.24 464.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 126.56 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.07 440.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 167.02 440.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 196.40 440.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 228.58 440.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 263.52 440.25 Td (are ) Tj ET Q q 0 0 0 rg BT 277.90 440.25 Td (also ) Tj ET Q q 0 0 0 rg BT 296.19 440.25 Td (included ) Tj ET Q q 0 0 0 rg BT 332.80 440.25 Td (herein. ) Tj ET Q q 0 0 0 rg BT 362.31 440.25 Td (While ) Tj ET Q q 0 0 0 rg BT 388.92 440.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 413.88 440.25 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 445.49 440.25 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 479.32 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.83 440.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 535.89 440.25 Td (S-X ) Tj ET Q q 0 0 0 rg BT 554.18 440.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.86 428.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 84.34 428.25 Td (do ) Tj ET Q q 0 0 0 rg BT 96.48 428.25 Td (not ) Tj ET Q q 0 0 0 rg BT 111.40 428.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 135.75 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.11 428.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 188.90 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.38 428.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 228.72 428.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 260.86 428.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 298.26 428.25 Td (at ) Tj ET Q q 0 0 0 rg BT 307.61 428.25 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 345.38 428.25 Td (s ) Tj ET Q q 0 0 0 rg BT 351.41 428.25 Td (request ) Tj ET Q q 0 0 0 rg BT 382.43 428.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 411.78 428.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 443.91 428.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 478.81 428.25 Td (were ) Tj ET Q q 0 0 0 rg BT 500.38 428.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 540.83 428.25 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 416.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 102.81 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.74 416.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 161.12 416.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 191.93 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.76 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.47 416.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 238.31 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 252.47 416.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 295.52 416.25 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 122.86 392.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 161.33 392.25 Td (included ) Tj ET Q q 0 0 0 rg BT 197.02 392.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 223.26 392.25 Td (are ) Tj ET Q q 0 0 0 rg BT 236.72 392.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 277.41 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 287.00 392.25 Td (net ) Tj ET Q q 0 0 0 rg BT 300.47 392.25 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 336.99 392.25 Td (Gross ) Tj ET Q q 0 0 0 rg BT 361.58 392.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 395.60 392.25 Td (are ) Tj ET Q q 0 0 0 rg BT 409.06 392.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 440.30 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 449.89 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.36 392.25 Td (total ) Tj ET Q q 0 0 0 rg BT 482.39 392.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 521.97 392.25 Td (petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 92.52 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.77 380.25 Td (be ) Tj ET Q q 0 0 0 rg BT 114.69 380.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 154.37 380.25 Td (from ) Tj ET Q q 0 0 0 rg BT 176.29 380.25 Td (these ) Tj ET Q q 0 0 0 rg BT 199.31 380.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 241.78 380.25 Td (after ) Tj ET Q q 0 0 0 rg BT 262.57 380.25 Td (December ) Tj ET Q q 0 0 0 rg BT 306.13 380.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 321.11 380.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 346.08 380.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 377.99 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.80 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.50 380.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 445.96 380.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 486.75 380.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 514.21 380.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.46 380.25 Td (Montana, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (North ) Tj ET Q q 0 0 0 rg BT 74.71 368.25 Td (Dakota, ) Tj ET Q q 0 0 0 rg BT 107.97 368.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.15 368.25 Td (W) Tj ET Q q 0 0 0 rg BT 132.99 368.25 Td (yoming ) Tj ET Q q 0 0 0 rg BT 165.42 368.25 Td (are ) Tj ET Q q 0 0 0 rg BT 179.51 368.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.72 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.37 368.25 Td (net ) Tj ET Q q 0 0 0 rg BT 233.47 368.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 257.57 368.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 288.88 368.25 Td (\(NPI\) ) Tj ET Q q 0 0 0 rg BT 313.53 368.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 346.51 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.17 368.25 Td (other ) Tj ET Q q 0 0 0 rg BT 378.59 368.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 409.63 368.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 425.95 368.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 460.58 368.25 Td (are ) Tj ET Q q 0 0 0 rg BT 474.67 368.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 506.54 368.25 Td (as ) Tj ET Q q 0 0 0 rg BT 516.75 368.25 Td (that ) Tj ET Q q 0 0 0 rg BT 533.62 368.25 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.24 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.86 356.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 98.39 356.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 133.55 356.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 181.50 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.69 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.31 356.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 242.05 356.25 Td (held ) Tj ET Q q 0 0 0 rg BT 261.67 356.25 Td (by ) Tj ET Q q 0 0 0 rg BT 274.08 356.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 311.48 356.25 Td (after ) Tj ET Q q 0 0 0 rg BT 332.20 356.25 Td (deducting ) Tj ET Q q 0 0 0 rg BT 374.05 356.25 Td (all ) Tj ET Q q 0 0 0 rg BT 386.45 356.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 422.18 356.25 Td (held ) Tj ET Q q 0 0 0 rg BT 441.81 356.25 Td (by ) Tj ET Q q 0 0 0 rg BT 454.22 356.25 Td (others ) Tj ET Q q 0 0 0 rg BT 481.06 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.91 356.25 Td (after ) Tj ET Q q 0 0 0 rg BT 518.64 356.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 344.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 109.76 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.59 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.31 344.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 158.92 344.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.18 344.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 242.22 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.50 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.21 344.25 Td (NPI ) Tj ET Q q 0 0 0 rg BT 285.83 344.25 Td (owners.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 320.25 Td (V) Tj ET Q q 0 0 0 rg BT 91.61 320.25 Td (alues ) Tj ET Q q 0 0 0 rg BT 114.76 320.25 Td (for ) Tj ET Q q 0 0 0 rg BT 129.02 320.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 159.39 320.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.75 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.13 320.25 Td (this ) Tj ET Q q 0 0 0 rg BT 222.17 320.25 Td (report ) Tj ET Q q 0 0 0 rg BT 248.65 320.25 Td (are ) Tj ET Q q 0 0 0 rg BT 263.46 320.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 305.49 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.87 320.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 340.68 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.61 320.25 Td (future ) Tj ET Q q 0 0 0 rg BT 378.09 320.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 401.80 320.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 438.55 320.25 Td (future ) Tj ET Q q 0 0 0 rg BT 465.03 320.25 Td (net ) Tj ET Q q 0 0 0 rg BT 479.84 320.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 516.59 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 533.63 320.25 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (worth. ) Tj ET Q q 0 0 0 rg BT 78.03 308.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 106.84 308.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 130.65 308.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 165.00 308.25 Td (is ) Tj ET Q q 0 0 0 rg BT 174.37 308.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 207.05 308.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.08 308.25 Td (that ) Tj ET Q q 0 0 0 rg BT 235.78 308.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 270.13 308.25 Td (which ) Tj ET Q q 0 0 0 rg BT 297.26 308.25 Td (will ) Tj ET Q q 0 0 0 rg BT 315.52 308.25 Td (accrue ) Tj ET Q q 0 0 0 rg BT 344.30 308.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.78 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.70 308.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 410.71 308.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 446.74 308.25 Td (from ) Tj ET Q q 0 0 0 rg BT 468.88 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.79 308.25 Td (production ) Tj ET Q q 0 0 0 rg BT 529.82 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 546.96 308.25 Td (sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.17 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.73 296.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 118.39 296.25 Td (net ) Tj ET Q q 0 0 0 rg BT 133.94 296.25 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 172.54 296.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 201.99 296.25 Td (net ) Tj ET Q q 0 0 0 rg BT 217.55 296.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 252.53 296.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.54 296.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 306.41 296.25 Td (by ) Tj ET Q q 0 0 0 rg BT 319.75 296.25 Td (deducting ) Tj ET Q q 0 0 0 rg BT 362.52 296.25 Td (NPI ) Tj ET Q q 0 0 0 rg BT 381.98 296.25 Td (payments, ) Tj ET Q q 0 0 0 rg BT 426.14 296.25 Td (production ) Tj ET Q q 0 0 0 rg BT 472.81 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.58 296.25 Td (ad ) Tj ET Q q 0 0 0 rg BT 503.36 296.25 Td (valorem ) Tj ET Q q 0 0 0 rg BT 539.47 296.25 Td (taxes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.86 284.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 131.06 284.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 160.31 284.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 185.41 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.45 284.25 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 258.92 284.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 281.52 284.25 Td (from ) Tj ET Q q 0 0 0 rg BT 303.56 284.25 Td (future ) Tj ET Q q 0 0 0 rg BT 330.04 284.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 353.75 284.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 390.50 284.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 433.08 284.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 471.78 284.25 Td (include ) Tj ET Q q 0 0 0 rg BT 503.82 284.25 Td (field ) Tj ET Q q 0 0 0 rg BT 524.74 284.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 91.56 272.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 150.57 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.47 272.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 214.71 272.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 256.77 272.25 Td (compression ) Tj ET Q q 0 0 0 rg BT 310.78 272.25 Td (char) Tj ET Q q 0 0 0 rg BT 327.81 272.25 Td (ges, ) Tj ET Q q 0 0 0 rg BT 347.10 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.00 272.25 Td (an ) Tj ET Q q 0 0 0 rg BT 377.91 272.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 420.80 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.59 272.25 Td (overhead ) Tj ET Q q 0 0 0 rg BT 472.70 272.25 Td (that ) Tj ET Q q 0 0 0 rg BT 491.16 272.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 525.17 272.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 554.73 272.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (production ) Tj ET Q q 0 0 0 rg BT 94.31 260.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 134.40 260.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 164.77 260.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 186.26 260.25 Td (include ) Tj ET Q q 0 0 0 rg BT 217.19 260.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 248.12 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.05 260.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 310.53 260.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 334.51 260.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 370.43 260.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 394.42 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.35 260.25 Td (field ) Tj ET Q q 0 0 0 rg BT 430.16 260.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 482.18 260.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 505.84 260.25 Td (Abandonment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.91 248.25 Td (are ) Tj ET Q q 0 0 0 rg BT 86.52 248.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 135.01 248.25 Td (by ) Tj ET Q q 0 0 0 rg BT 147.42 248.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 184.82 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.00 248.25 Td (be ) Tj ET Q q 0 0 0 rg BT 206.85 248.25 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 245.36 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.10 248.25 Td (those ) Tj ET Q q 0 0 0 rg BT 279.61 248.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 302.02 248.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 345.52 248.25 Td (with ) Tj ET Q q 0 0 0 rg BT 365.71 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.33 248.25 Td (removal ) Tj ET Q q 0 0 0 rg BT 415.50 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.24 248.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 473.36 248.25 Td (plugging ) Tj ET Q q 0 0 0 rg BT 511.32 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.06 248.25 Td (wells, ) Tj ET Q q 0 0 0 rg BT 548.07 248.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 99.04 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.82 236.25 Td (restoration ) Tj ET Q q 0 0 0 rg BT 160.92 236.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 204.35 236.25 Td (with ) Tj ET Q q 0 0 0 rg BT 224.47 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.03 236.25 Td (abandonment. ) Tj ET Q q 0 0 0 rg BT 297.23 236.25 Td (At ) Tj ET Q q 0 0 0 rg BT 309.57 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.12 236.25 Td (request ) Tj ET Q q 0 0 0 rg BT 355.34 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.01 236.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 400.35 236.25 Td (, ) Tj ET Q q 0 0 0 rg BT 405.19 236.25 Td (future ) Tj ET Q q 0 0 0 rg BT 431.41 236.25 Td (income ) Tj ET Q q 0 0 0 rg BT 463.18 236.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 486.07 236.25 Td (were ) Tj ET Q q 0 0 0 rg BT 507.84 236.25 Td (not ) Tj ET Q q 0 0 0 rg BT 522.96 236.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 546.95 236.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (account ) Tj ET Q q 0 0 0 rg BT 82.88 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.94 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.44 224.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 155.26 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.87 224.25 Td (these ) Tj ET Q q 0 0 0 rg BT 188.70 224.25 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 230.70 224.25 Td (Present ) Tj ET Q q 0 0 0 rg BT 262.42 224.25 Td (worth ) Tj ET Q q 0 0 0 rg BT 288.04 224.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.99 224.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 329.26 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.87 224.25 Td (future ) Tj ET Q q 0 0 0 rg BT 366.04 224.25 Td (net ) Tj ET Q q 0 0 0 rg BT 380.54 224.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 414.47 224.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 460.08 224.25 Td (at ) Tj ET Q q 0 0 0 rg BT 469.58 224.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.30 224.25 Td (nominal ) Tj ET Q q 0 0 0 rg BT 511.36 224.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 547.53 224.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.00 212.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 72.18 212.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 103.77 212.25 Td (per ) Tj ET Q q 0 0 0 rg BT 118.71 212.25 Td (year ) Tj ET Q q 0 0 0 rg BT 138.09 212.25 Td (compounded ) Tj ET Q q 0 0 0 rg BT 191.92 212.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 227.43 212.25 Td (over ) Tj ET Q q 0 0 0 rg BT 247.37 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.76 212.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 299.47 212.25 Td (period ) Tj ET Q q 0 0 0 rg BT 327.19 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.69 212.25 Td (realization. ) Tj ET Q q 0 0 0 rg BT 384.56 212.25 Td (Present ) Tj ET Q q 0 0 0 rg BT 416.17 212.25 Td (worth ) Tj ET Q q 0 0 0 rg BT 441.67 212.25 Td (should ) Tj ET Q q 0 0 0 rg BT 470.52 212.25 Td (not ) Tj ET Q q 0 0 0 rg BT 485.47 212.25 Td (be ) Tj ET Q q 0 0 0 rg BT 497.08 212.25 Td (construed ) Tj ET Q q 0 0 0 rg BT 538.13 212.25 Td (as ) Tj ET Q q 0 0 0 rg BT 548.63 212.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (market ) Tj ET Q q 0 0 0 rg BT 79.42 200.25 Td (value ) Tj ET Q q 0 0 0 rg BT 103.23 200.25 Td (because ) Tj ET Q q 0 0 0 rg BT 137.03 200.25 Td (no ) Tj ET Q q 0 0 0 rg BT 149.19 200.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 205.22 200.25 Td (was ) Tj ET Q q 0 0 0 rg BT 222.92 200.25 Td (given ) Tj ET Q q 0 0 0 rg BT 247.30 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.23 200.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 299.38 200.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 328.74 200.25 Td (that ) Tj ET Q q 0 0 0 rg BT 345.89 200.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 385.25 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.62 200.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 425.65 200.25 Td (at ) Tj ET Q q 0 0 0 rg BT 435.02 200.25 Td (which ) Tj ET Q q 0 0 0 rg BT 461.62 200.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 503.76 200.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.12 200.25 Td (bought ) Tj ET Q q 0 0 0 rg BT 548.06 200.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 164.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 128.04 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.02 164.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 176.44 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.53 164.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 229.84 164.25 Td (should ) Tj ET Q q 0 0 0 rg BT 260.16 164.25 Td (be ) Tj ET Q q 0 0 0 rg BT 273.26 164.25 Td (regarded ) Tj ET Q q 0 0 0 rg BT 311.89 164.25 Td (only ) Tj ET Q q 0 0 0 rg BT 333.32 164.25 Td (as ) Tj ET Q q 0 0 0 rg BT 345.31 164.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 386.18 164.25 Td (that ) Tj ET Q q 0 0 0 rg BT 404.83 164.25 Td (may ) Tj ET Q q 0 0 0 rg BT 425.70 164.25 Td (change ) Tj ET Q q 0 0 0 rg BT 457.67 164.25 Td (as ) Tj ET Q q 0 0 0 rg BT 469.66 164.25 Td (production ) Tj ET Q q 0 0 0 rg BT 516.64 164.25 Td (history ) Tj ET Q q 0 0 0 rg BT 548.08 164.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.96 152.25 Td (information ) Tj ET Q q 0 0 0 rg BT 141.65 152.25 Td (become ) Tj ET Q q 0 0 0 rg BT 175.22 152.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 216.28 152.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 233.75 152.25 Td (only ) Tj ET Q q 0 0 0 rg BT 254.00 152.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.68 152.25 Td (such ) Tj ET Q q 0 0 0 rg BT 289.49 152.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 329.17 152.25 Td (based ) Tj ET Q q 0 0 0 rg BT 354.41 152.25 Td (on ) Tj ET Q q 0 0 0 rg BT 366.89 152.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.35 152.25 Td (information ) Tj ET Q q 0 0 0 rg BT 434.04 152.25 Td (which ) Tj ET Q q 0 0 0 rg BT 460.95 152.25 Td (is ) Tj ET Q q 0 0 0 rg BT 470.09 152.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 508.66 152.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 549.72 152.25 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (such ) Tj ET Q q 0 0 0 rg BT 69.47 140.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 108.33 140.25 Td (are ) Tj ET Q q 0 0 0 rg BT 122.18 140.25 Td (also ) Tj ET Q q 0 0 0 rg BT 139.93 140.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 169.89 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.31 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.17 140.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 245.90 140.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 280.31 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.73 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.59 140.25 Td (application ) Tj ET Q q 0 0 0 rg BT 349.66 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.63 140.25 Td (judgmental ) Tj ET Q q 0 0 0 rg BT 406.26 140.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 435.11 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.53 140.25 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 492.83 140.25 Td (such ) Tj ET Q q 0 0 0 rg BT 512.80 140.25 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 116.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 135.31 116.25 Td (used ) Tj ET Q q 0 0 0 rg BT 155.69 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.52 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.78 116.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 227.36 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.74 116.25 Td (this ) Tj ET Q q 0 0 0 rg BT 254.24 116.25 Td (report ) Tj ET Q q 0 0 0 rg BT 280.16 116.25 Td (was ) Tj ET Q q 0 0 0 rg BT 297.76 116.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 334.25 116.25 Td (from ) Tj ET Q q 0 0 0 rg BT 355.73 116.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 392.77 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.26 116.25 Td (from ) Tj ET Q q 0 0 0 rg BT 430.74 116.25 Td (public ) Tj ET Q q 0 0 0 rg BT 457.79 116.25 Td (sources. ) Tj ET Q q 0 0 0 rg BT 492.33 116.25 Td (In ) Tj ET Q q 0 0 0 rg BT 502.70 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 116.25 Td (preparation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.64 104.25 Td (this ) Tj ET Q q 0 0 0 rg BT 75.90 104.25 Td (report ) Tj ET Q q 0 0 0 rg BT 101.59 104.25 Td (we ) Tj ET Q q 0 0 0 rg BT 115.06 104.25 Td (have ) Tj ET Q q 0 0 0 rg BT 135.75 104.25 Td (relied, ) Tj ET Q q 0 0 0 rg BT 162.82 104.25 Td (without ) Tj ET Q q 0 0 0 rg BT 195.19 104.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 245.87 104.25 Td (verification, ) Tj ET Q q 0 0 0 rg BT 296.27 104.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 318.08 104.25 Td (information ) Tj ET Q q 0 0 0 rg BT 367.10 104.25 Td (furnished ) Tj ET Q q 0 0 0 rg BT 406.68 104.25 Td (by ) Tj ET Q q 0 0 0 rg BT 418.49 104.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 455.29 104.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.88 104.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 505.01 104.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.60 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.62 104.25 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 84.10 92.25 Td (being ) Tj ET Q q 0 0 0 rg BT 107.59 92.25 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 149.68 92.25 Td (production ) Tj ET Q q 0 0 0 rg BT 194.28 92.25 Td (from ) Tj ET Q q 0 0 0 rg BT 214.99 92.25 Td (such ) Tj ET Q q 0 0 0 rg BT 234.59 92.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 278.35 92.25 Td (current ) Tj ET Q q 0 0 0 rg BT 307.94 92.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 329.22 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.82 92.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 377.86 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.57 92.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 449.00 92.25 Td (current ) Tj ET Q q 0 0 0 rg BT 478.59 92.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 503.74 92.25 Td (for ) Tj ET Q q 0 0 0 rg BT 516.67 92.25 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 98.34 80.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 132.19 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.28 80.25 Td (current ) Tj ET Q q 0 0 0 rg BT 174.91 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.65 80.25 Td (future ) Tj ET Q q 0 0 0 rg BT 219.84 80.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 264.81 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.55 80.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 301.41 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.05 80.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 362.18 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.93 80.25 Td (various ) Tj ET Q q 0 0 0 rg BT 412.68 80.25 Td (other ) Tj ET Q q 0 0 0 rg BT 436.54 80.25 Td (information ) Tj ET Q q 0 0 0 rg BT 487.06 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.81 80.25 Td (data ) Tj ET Q q 0 0 0 rg BT 524.77 80.25 Td (that ) Tj ET Q q 0 0 0 rg BT 543.08 80.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.97 68.25 Td (as ) Tj ET Q q 0 0 0 rg BT 97.80 68.25 Td (represented. ) Tj ET Q q 0 0 0 rg BT 148.33 68.25 Td (A) Tj ET Q q 0 0 0 rg BT 155.00 68.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 68.25 Td (field ) Tj ET Q q 0 0 0 rg BT 178.33 68.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 230.26 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.09 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.80 68.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 298.29 68.25 Td (was ) Tj ET Q q 0 0 0 rg BT 316.34 68.25 Td (not ) Tj ET Q q 0 0 0 rg BT 331.62 68.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 377.43 68.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 418.80 68.25 Td (for ) Tj ET Q q 0 0 0 rg BT 432.96 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.68 68.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 485.73 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.56 68.25 Td (this ) Tj ET Q q 0 0 0 rg BT 513.51 68.25 Td (report.) Tj ET Q endstream endobj 247 0 obj <> endobj 248 0 obj <> stream BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 738.68505859375 m 143.3671875 738.68505859375 l s q 0 0 0 rg BT 49.50 740.25 Td (Definition ) Tj ET Q q 0 0 0 rg BT 94.78 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.61 740.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 716.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 129.62 716.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 165.40 716.25 Td (included ) Tj ET Q q 0 0 0 rg BT 202.86 716.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.65 716.25 Td (this ) Tj ET Q q 0 0 0 rg BT 231.12 716.25 Td (report ) Tj ET Q q 0 0 0 rg BT 258.02 716.25 Td (are ) Tj ET Q q 0 0 0 rg BT 273.25 716.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 314.03 716.25 Td (as ) Tj ET Q q 0 0 0 rg BT 325.38 716.25 Td (proved. ) Tj ET Q q 0 0 0 rg BT 358.67 716.25 Td (Only ) Tj ET Q q 0 0 0 rg BT 381.69 716.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 412.48 716.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 448.26 716.25 Td (have ) Tj ET Q q 0 0 0 rg BT 470.15 716.25 Td (been ) Tj ET Q q 0 0 0 rg BT 492.05 716.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 533.38 716.25 Td (for ) Tj ET Q q 0 0 0 rg BT 548.06 716.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 79.12 704.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 118.47 704.25 Td (classifications ) Tj ET Q q 0 0 0 rg BT 178.37 704.25 Td (used ) Tj ET Q q 0 0 0 rg BT 199.94 704.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.97 704.25 Td (this ) Tj ET Q q 0 0 0 rg BT 228.67 704.25 Td (report ) Tj ET Q q 0 0 0 rg BT 255.79 704.25 Td (are ) Tj ET Q q 0 0 0 rg BT 271.24 704.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.27 704.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 330.48 704.25 Td (with ) Tj ET Q q 0 0 0 rg BT 351.50 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.97 704.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 402.97 704.25 Td (definitions ) Tj ET Q q 0 0 0 rg BT 448.99 704.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.57 704.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 486.59 704.25 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 519.27 704.25 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 554.17 704.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 96.75 692.25 Td (S-X ) Tj ET Q q 0 0 0 rg BT 116.23 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.93 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.52 692.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 167.73 692.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 207.20 692.25 Td (are ) Tj ET Q q 0 0 0 rg BT 222.77 692.25 Td (judged ) Tj ET Q q 0 0 0 rg BT 253.36 692.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.50 692.25 Td (be ) Tj ET Q q 0 0 0 rg BT 277.31 692.25 Td (economically ) Tj ET Q q 0 0 0 rg BT 334.55 692.25 Td (producible ) Tj ET Q q 0 0 0 rg BT 380.68 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.83 692.25 Td (future ) Tj ET Q q 0 0 0 rg BT 419.08 692.25 Td (years ) Tj ET Q q 0 0 0 rg BT 443.54 692.25 Td (from ) Tj ET Q q 0 0 0 rg BT 466.35 692.25 Td (known ) Tj ET Q q 0 0 0 rg BT 496.94 692.25 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 539.74 692.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 85.76 680.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 129.24 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.27 680.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 190.64 680.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 236.90 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.94 680.25 Td (assuming ) Tj ET Q q 0 0 0 rg BT 298.32 680.25 Td (continuation ) Tj ET Q q 0 0 0 rg BT 352.91 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.84 680.25 Td (current ) Tj ET Q q 0 0 0 rg BT 398.75 680.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 444.45 680.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 484.58 680.25 Td (using ) Tj ET Q q 0 0 0 rg BT 510.85 680.25 Td (conventional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (production ) Tj ET Q q 0 0 0 rg BT 96.02 668.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 133.10 668.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.73 668.25 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 198.63 668.25 Td (In ) Tj ET Q q 0 0 0 rg BT 210.15 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.56 668.25 Td (analyses ) Tj ET Q q 0 0 0 rg BT 262.63 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.16 668.25 Td (production-decline ) Tj ET Q q 0 0 0 rg BT 352.88 668.25 Td (curves, ) Tj ET Q q 0 0 0 rg BT 384.67 668.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 420.62 668.25 Td (were ) Tj ET Q q 0 0 0 rg BT 443.24 668.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 484.75 668.25 Td (only ) Tj ET Q q 0 0 0 rg BT 505.72 668.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.69 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.10 668.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 554.19 668.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.23 656.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 110.97 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.17 656.25 Td (production ) Tj ET Q q 0 0 0 rg BT 166.36 656.25 Td (under ) Tj ET Q q 0 0 0 rg BT 190.99 656.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 224.51 656.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 265.25 656.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.55 656.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 321.18 656.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 364.71 656.25 Td (using ) Tj ET Q q 0 0 0 rg BT 388.24 656.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 413.98 656.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.28 656.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 452.14 656.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 494.00 656.25 Td (with ) Tj ET Q q 0 0 0 rg BT 513.64 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.72 656.25 Td (ef) Tj ET Q q 0 0 0 rg BT 535.31 656.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (date ) Tj ET Q q 0 0 0 rg BT 67.64 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.46 644.25 Td (this ) Tj ET Q q 0 0 0 rg BT 93.39 644.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 121.26 644.25 Td (including ) Tj ET Q q 0 0 0 rg BT 160.52 644.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 215.88 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.69 644.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 259.39 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.65 644.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 301.80 644.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 327.17 644.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 364.20 644.25 Td (only ) Tj ET Q q 0 0 0 rg BT 383.47 644.25 Td (by ) Tj ET Q q 0 0 0 rg BT 394.95 644.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 440.86 644.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 496.21 644.25 Td (but ) Tj ET Q q 0 0 0 rg BT 510.47 644.25 Td (not ) Tj ET Q q 0 0 0 rg BT 524.74 644.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (escalations ) Tj ET Q q 0 0 0 rg BT 95.87 632.25 Td (based ) Tj ET Q q 0 0 0 rg BT 121.14 632.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 143.64 632.25 Td (future ) Tj ET Q q 0 0 0 rg BT 170.02 632.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 216.50 632.25 Td (The ) Tj ET Q q 0 0 0 rg BT 234.55 632.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 277.59 632.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 312.85 632.25 Td (are ) Tj ET Q q 0 0 0 rg BT 327.56 632.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 367.82 632.25 Td (as ) Tj ET Q q 0 0 0 rg BT 378.65 632.25 Td (follows:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 608.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.13 608.25 Td (oved ) Tj ET Q q 0 0 0 rg BT 117.48 608.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.50 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.97 608.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 167.33 608.25 Td (r) Tj ET Q q 0 0 0 rg BT 170.85 608.25 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.28 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.75 608.25 Td (� ) Tj ET Q q 0 0 0 rg BT 212.22 608.25 Td (Proved ) Tj ET Q q 0 0 0 rg BT 244.02 608.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 258.04 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.95 608.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 292.75 608.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 328.98 608.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.66 608.25 Td (those ) Tj ET Q q 0 0 0 rg BT 369.23 608.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 411.58 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.38 608.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 437.41 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.32 608.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 474.62 608.25 Td (which, ) Tj ET Q q 0 0 0 rg BT 505.02 608.25 Td (by ) Tj ET Q q 0 0 0 rg BT 518.49 608.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 554.18 608.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 596.25 Td (geoscience ) Tj ET Q q 0 0 0 rg BT 131.05 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.17 596.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 196.05 596.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 216.89 596.25 Td (can ) Tj ET Q q 0 0 0 rg BT 232.45 596.25 Td (be ) Tj ET Q q 0 0 0 rg BT 243.58 596.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 283.58 596.25 Td (with ) Tj ET Q q 0 0 0 rg BT 303.04 596.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 347.48 596.25 Td (certainty ) Tj ET Q q 0 0 0 rg BT 384.14 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.60 596.25 Td (be ) Tj ET Q q 0 0 0 rg BT 404.73 596.25 Td (economically ) Tj ET Q q 0 0 0 rg BT 460.28 596.25 Td (producible�from ) Tj ET Q q 0 0 0 rg BT 534.16 596.25 Td (a ) Tj ET Q q 0 0 0 rg BT 540.29 596.25 Td (given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 584.25 Td (date ) Tj ET Q q 0 0 0 rg BT 105.95 584.25 Td (forward, ) Tj ET Q q 0 0 0 rg BT 143.90 584.25 Td (from ) Tj ET Q q 0 0 0 rg BT 167.13 584.25 Td (known ) Tj ET Q q 0 0 0 rg BT 198.15 584.25 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 243.87 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.11 584.25 Td (under ) Tj ET Q q 0 0 0 rg BT 288.67 584.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 324.13 584.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 366.80 584.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 414.76 584.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 456.32 584.25 Td (methods, ) Tj ET Q q 0 0 0 rg BT 496.50 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.74 584.25 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 572.25 Td (regulations�prior ) Tj ET Q q 0 0 0 rg BT 162.61 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.63 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.09 572.25 Td (time ) Tj ET Q q 0 0 0 rg BT 210.11 572.25 Td (at ) Tj ET Q q 0 0 0 rg BT 220.57 572.25 Td (which ) Tj ET Q q 0 0 0 rg BT 248.25 572.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 287.58 572.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 329.71 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.17 572.25 Td (right ) Tj ET Q q 0 0 0 rg BT 367.30 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.32 572.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 410.99 572.25 Td (expire, ) Tj ET Q q 0 0 0 rg BT 441.72 572.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 469.96 572.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 508.73 572.25 Td (indicates ) Tj ET Q q 0 0 0 rg BT 547.52 572.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 119.92 560.25 Td (is ) Tj ET Q q 0 0 0 rg BT 129.36 560.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 175.45 560.25 Td (certain, ) Tj ET Q q 0 0 0 rg BT 207.93 560.25 Td (regardless ) Tj ET Q q 0 0 0 rg BT 251.24 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.34 560.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 297.32 560.25 Td (deterministic ) Tj ET Q q 0 0 0 rg BT 352.30 560.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.41 560.25 Td (probabilistic ) Tj ET Q q 0 0 0 rg BT 416.17 560.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 452.83 560.25 Td (are ) Tj ET Q q 0 0 0 rg BT 467.81 560.25 Td (used ) Tj ET Q q 0 0 0 rg BT 488.91 560.25 Td (for ) Tj ET Q q 0 0 0 rg BT 503.35 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.34 560.25 Td (estimation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 548.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.16 548.25 Td (project ) Tj ET Q q 0 0 0 rg BT 135.04 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.93 548.25 Td (extract ) Tj ET Q q 0 0 0 rg BT 176.25 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.58 548.25 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 249.12 548.25 Td (must ) Tj ET Q q 0 0 0 rg BT 271.68 548.25 Td (have ) Tj ET Q q 0 0 0 rg BT 293.68 548.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 345.10 548.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.54 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.88 548.25 Td (operator ) Tj ET Q q 0 0 0 rg BT 408.31 548.25 Td (must ) Tj ET Q q 0 0 0 rg BT 430.87 548.25 Td (be ) Tj ET Q q 0 0 0 rg BT 443.42 548.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 489.85 548.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 520.17 548.25 Td (that ) Tj ET Q q 0 0 0 rg BT 538.28 548.25 Td (it ) Tj ET Q q 0 0 0 rg BT 546.95 548.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 536.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 131.31 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.03 536.25 Td (project ) Tj ET Q q 0 0 0 rg BT 176.29 536.25 Td (within ) Tj ET Q q 0 0 0 rg BT 204.35 536.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.29 536.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 256.54 536.25 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 115.26 512.25 Td (The ) Tj ET Q q 0 0 0 rg BT 133.30 512.25 Td (area ) Tj ET Q q 0 0 0 rg BT 152.45 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.28 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.00 512.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 216.03 512.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 261.85 512.25 Td (as ) Tj ET Q q 0 0 0 rg BT 272.68 512.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 302.95 512.25 Td (includes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 500.25 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 119.99 500.25 Td (The ) Tj ET Q q 0 0 0 rg BT 138.35 500.25 Td (area ) Tj ET Q q 0 0 0 rg BT 157.80 500.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 198.93 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 211.74 500.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 244.00 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.24 500.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 292.38 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 305.19 500.25 Td (fluid ) Tj ET Q q 0 0 0 rg BT 326.89 500.25 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 364.96 500.25 Td (if ) Tj ET Q q 0 0 0 rg BT 373.88 500.25 Td (any) Tj ET Q q 0 0 0 rg BT 387.67 500.25 Td (, ) Tj ET Q q 0 0 0 rg BT 392.98 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.23 500.25 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 425.75 500.25 Td (Adjacent ) Tj ET Q q 0 0 0 rg BT 464.65 500.25 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 503.57 500.25 Td (portions ) Tj ET Q q 0 0 0 rg BT 539.16 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 500.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 488.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 140.53 488.25 Td (that ) Tj ET Q q 0 0 0 rg BT 157.02 488.25 Td (can, ) Tj ET Q q 0 0 0 rg BT 174.88 488.25 Td (with ) Tj ET Q q 0 0 0 rg BT 194.15 488.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 238.40 488.25 Td (certainty) Tj ET Q q 0 0 0 rg BT 272.73 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 276.72 488.25 Td (be ) Tj ET Q q 0 0 0 rg BT 287.65 488.25 Td (judged ) Tj ET Q q 0 0 0 rg BT 316.36 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.63 488.25 Td (be ) Tj ET Q q 0 0 0 rg BT 336.56 488.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 381.94 488.25 Td (with ) Tj ET Q q 0 0 0 rg BT 401.21 488.25 Td (it ) Tj ET Q q 0 0 0 rg BT 408.26 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.19 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.46 488.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 464.38 488.25 Td (economically ) Tj ET Q q 0 0 0 rg BT 519.74 488.25 Td (producible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 476.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.56 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 127.39 476.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.22 476.25 Td (on ) Tj ET Q q 0 0 0 rg BT 155.72 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.43 476.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 192.93 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.76 476.25 Td (available ) Tj ET Q q 0 0 0 rg BT 242.35 476.25 Td (geoscience ) Tj ET Q q 0 0 0 rg BT 288.71 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.65 476.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 355.36 476.25 Td (data.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 452.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 119.66 452.25 Td (In ) Tj ET Q q 0 0 0 rg BT 131.94 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.10 452.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 183.69 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.97 452.25 Td (data ) Tj ET Q q 0 0 0 rg BT 216.57 452.25 Td (on ) Tj ET Q q 0 0 0 rg BT 230.52 452.25 Td (fluid ) Tj ET Q q 0 0 0 rg BT 253.35 452.25 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 292.56 452.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 324.27 452.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 367.10 452.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.82 452.25 Td (a ) Tj ET Q q 0 0 0 rg BT 387.21 452.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 426.69 452.25 Td (are ) Tj ET Q q 0 0 0 rg BT 442.84 452.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 475.12 452.25 Td (by ) Tj ET Q q 0 0 0 rg BT 489.06 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.23 452.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 535.28 452.25 Td (known ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 440.25 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 160.32 440.25 Td (\(LKH\) ) Tj ET Q q 0 0 0 rg BT 189.92 440.25 Td (as ) Tj ET Q q 0 0 0 rg BT 200.64 440.25 Td (seen ) Tj ET Q q 0 0 0 rg BT 220.80 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.97 440.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.80 440.25 Td (well ) Tj ET Q q 0 0 0 rg BT 257.40 440.25 Td (penetration ) Tj ET Q q 0 0 0 rg BT 304.77 440.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 332.16 440.25 Td (geoscience, ) Tj ET Q q 0 0 0 rg BT 380.92 440.25 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 433.01 440.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.73 440.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 496.64 440.25 Td (data ) Tj ET Q q 0 0 0 rg BT 515.69 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 440.25 Td (reliable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 428.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 150.43 428.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 196.26 428.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.20 428.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 228.47 428.25 Td (contact ) Tj ET Q q 0 0 0 rg BT 259.84 428.25 Td (with ) Tj ET Q q 0 0 0 rg BT 280.12 428.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 325.37 428.25 Td (certainty) Tj ET Q q 0 0 0 rg BT 359.70 428.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 404.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 121.78 404.25 Td (Where ) Tj ET Q q 0 0 0 rg BT 151.96 404.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 178.27 404.25 Td (observation ) Tj ET Q q 0 0 0 rg BT 228.46 404.25 Td (from ) Tj ET Q q 0 0 0 rg BT 251.44 404.25 Td (well ) Tj ET Q q 0 0 0 rg BT 272.19 404.25 Td (penetrations ) Tj ET Q q 0 0 0 rg BT 324.60 404.25 Td (has ) Tj ET Q q 0 0 0 rg BT 341.47 404.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 375.00 404.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.98 404.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 415.40 404.25 Td (known ) Tj ET Q q 0 0 0 rg BT 446.16 404.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.26 404.25 Td (\(HKO\) ) Tj ET Q q 0 0 0 rg BT 492.12 404.25 Td (elevation ) Tj ET Q q 0 0 0 rg BT 532.31 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 404.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 392.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 140.99 392.25 Td (exists ) Tj ET Q q 0 0 0 rg BT 166.27 392.25 Td (for ) Tj ET Q q 0 0 0 rg BT 180.43 392.25 Td (an ) Tj ET Q q 0 0 0 rg BT 192.36 392.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 235.96 392.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 251.79 392.25 Td (cap, ) Tj ET Q q 0 0 0 rg BT 270.66 392.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 300.93 392.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 313.98 392.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 349.24 392.25 Td (may ) Tj ET Q q 0 0 0 rg BT 368.96 392.25 Td (be ) Tj ET Q q 0 0 0 rg BT 380.90 392.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 417.83 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.11 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.83 392.25 Td (structurally ) Tj ET Q q 0 0 0 rg BT 490.87 392.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 518.91 392.25 Td (portions ) Tj ET Q q 0 0 0 rg BT 554.19 392.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.40 380.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 154.63 380.25 Td (only ) Tj ET Q q 0 0 0 rg BT 174.09 380.25 Td (if ) Tj ET Q q 0 0 0 rg BT 181.89 380.25 Td (geoscience, ) Tj ET Q q 0 0 0 rg BT 229.94 380.25 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 281.33 380.25 Td (or ) Tj ET Q q 0 0 0 rg BT 291.34 380.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 343.55 380.25 Td (data ) Tj ET Q q 0 0 0 rg BT 361.90 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.02 380.25 Td (reliable ) Tj ET Q q 0 0 0 rg BT 409.69 380.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 455.81 380.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 492.49 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.40 380.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 533.63 380.25 Td (contact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 368.25 Td (with ) Tj ET Q q 0 0 0 rg BT 123.78 368.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 169.03 368.25 Td (certainty) Tj ET Q q 0 0 0 rg BT 203.36 368.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 344.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 119.95 344.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 158.05 344.25 Td (which ) Tj ET Q q 0 0 0 rg BT 184.50 344.25 Td (can ) Tj ET Q q 0 0 0 rg BT 200.39 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 211.83 344.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 251.05 344.25 Td (economically ) Tj ET Q q 0 0 0 rg BT 306.92 344.25 Td (through ) Tj ET Q q 0 0 0 rg BT 340.04 344.25 Td (application ) Tj ET Q q 0 0 0 rg BT 386.48 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.82 344.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 437.15 344.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 474.13 344.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 518.90 344.25 Td (\(including, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 332.25 Td (but ) Tj ET Q q 0 0 0 rg BT 118.78 332.25 Td (not ) Tj ET Q q 0 0 0 rg BT 134.06 332.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 164.89 332.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 177.67 332.25 Td (fluid ) Tj ET Q q 0 0 0 rg BT 199.05 332.25 Td (injection\) ) Tj ET Q q 0 0 0 rg BT 239.87 332.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.58 332.25 Td (included ) Tj ET Q q 0 0 0 rg BT 291.51 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.79 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.51 332.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 346.78 332.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 402.04 332.25 Td (when:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 320.25 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 120.48 320.25 Td (Successful ) Tj ET Q q 0 0 0 rg BT 166.34 320.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 196.11 320.25 Td (by ) Tj ET Q q 0 0 0 rg BT 209.20 320.25 Td (a ) Tj ET Q q 0 0 0 rg BT 216.74 320.25 Td (pilot ) Tj ET Q q 0 0 0 rg BT 238.17 320.25 Td (project ) Tj ET Q q 0 0 0 rg BT 269.03 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.91 320.25 Td (an ) Tj ET Q q 0 0 0 rg BT 292.44 320.25 Td (area ) Tj ET Q q 0 0 0 rg BT 312.19 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.61 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.93 320.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 377.56 320.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.44 320.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 441.52 320.25 Td (no ) Tj ET Q q 0 0 0 rg BT 454.62 320.25 Td (more ) Tj ET Q q 0 0 0 rg BT 478.26 320.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 519.11 320.25 Td (than ) Tj ET Q q 0 0 0 rg BT 539.43 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 320.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 308.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 140.74 308.25 Td (as ) Tj ET Q q 0 0 0 rg BT 150.77 308.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.92 308.25 Td (whole, ) Tj ET Q q 0 0 0 rg BT 185.56 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.48 308.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 238.94 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.98 308.25 Td (an ) Tj ET Q q 0 0 0 rg BT 260.12 308.25 Td (installed ) Tj ET Q q 0 0 0 rg BT 295.70 308.25 Td (program ) Tj ET Q q 0 0 0 rg BT 331.28 308.25 Td (in ) Tj ET Q q 0 0 0 rg BT 340.76 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.68 308.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 391.92 308.25 Td (or ) Tj ET Q q 0 0 0 rg BT 401.96 308.25 Td (an ) Tj ET Q q 0 0 0 rg BT 413.10 308.25 Td (analogous ) Tj ET Q q 0 0 0 rg BT 455.35 308.25 Td (reservoir) Tj ET Q q 0 0 0 rg BT 490.49 308.25 Td (, ) Tj ET Q q 0 0 0 rg BT 494.69 308.25 Td (or ) Tj ET Q q 0 0 0 rg BT 504.72 308.25 Td (other ) Tj ET Q q 0 0 0 rg BT 526.97 308.25 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 296.25 Td (using ) Tj ET Q q 0 0 0 rg BT 128.30 296.25 Td (reliable ) Tj ET Q q 0 0 0 rg BT 161.41 296.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 208.97 296.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 255.42 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.77 296.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 316.65 296.25 Td (certainty ) Tj ET Q q 0 0 0 rg BT 354.76 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.22 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.57 296.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 431.90 296.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 467.24 296.25 Td (on ) Tj ET Q q 0 0 0 rg BT 480.37 296.25 Td (which ) Tj ET Q q 0 0 0 rg BT 507.94 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.29 296.25 Td (project ) Tj ET Q q 0 0 0 rg BT 554.18 296.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 284.25 Td (program ) Tj ET Q q 0 0 0 rg BT 140.27 284.25 Td (was ) Tj ET Q q 0 0 0 rg BT 158.71 284.25 Td (based; ) Tj ET Q q 0 0 0 rg BT 187.14 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.47 284.25 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 220.48 284.25 Td (The ) Tj ET Q q 0 0 0 rg BT 238.91 284.25 Td (project ) Tj ET Q q 0 0 0 rg BT 269.56 284.25 Td (has ) Tj ET Q q 0 0 0 rg BT 285.78 284.25 Td (been ) Tj ET Q q 0 0 0 rg BT 307.55 284.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 347.64 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 362.19 284.25 Td (development ) Tj ET Q q 0 0 0 rg BT 416.73 284.25 Td (by ) Tj ET Q q 0 0 0 rg BT 429.62 284.25 Td (all ) Tj ET Q q 0 0 0 rg BT 442.50 284.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 484.26 284.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 513.80 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.13 284.25 Td (entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 272.25 Td (including ) Tj ET Q q 0 0 0 rg BT 143.77 272.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 201.25 272.25 Td (entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 248.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 117.53 248.25 Td (Existing ) Tj ET Q q 0 0 0 rg BT 153.23 248.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 194.47 248.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 238.50 248.25 Td (include ) Tj ET Q q 0 0 0 rg BT 270.30 248.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 296.55 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.35 248.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 335.72 248.25 Td (at ) Tj ET Q q 0 0 0 rg BT 345.30 248.25 Td (which ) Tj ET Q q 0 0 0 rg BT 372.11 248.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 413.35 248.25 Td (producibility ) Tj ET Q q 0 0 0 rg BT 467.38 248.25 Td (from ) Tj ET Q q 0 0 0 rg BT 489.18 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 495.99 248.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 533.89 248.25 Td (is ) Tj ET Q q 0 0 0 rg BT 542.93 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 248.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 236.25 Td (determined. ) Tj ET Q q 0 0 0 rg BT 153.54 236.25 Td (The ) Tj ET Q q 0 0 0 rg BT 171.85 236.25 Td (price ) Tj ET Q q 0 0 0 rg BT 194.59 236.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 216.24 236.25 Td (be ) Tj ET Q q 0 0 0 rg BT 228.43 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.41 236.25 Td (average ) Tj ET Q q 0 0 0 rg BT 277.25 236.25 Td (price ) Tj ET Q q 0 0 0 rg BT 300.00 236.25 Td (during ) Tj ET Q q 0 0 0 rg BT 328.86 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.84 236.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 385.48 236.25 Td (period ) Tj ET Q q 0 0 0 rg BT 413.79 236.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 435.99 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.52 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.50 236.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 491.47 236.25 Td (date ) Tj ET Q q 0 0 0 rg BT 510.89 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.98 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.95 236.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 224.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 137.63 224.25 Td (by ) Tj ET Q q 0 0 0 rg BT 150.11 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.82 224.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 193.68 224.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 241.14 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 251.96 224.25 Td (an ) Tj ET Q q 0 0 0 rg BT 263.88 224.25 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 313.02 224.25 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 356.04 224.25 Td (average ) Tj ET Q q 0 0 0 rg BT 389.61 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.42 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.12 224.25 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 507.58 224.25 Td (price ) Tj ET Q q 0 0 0 rg BT 530.05 224.25 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 224.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 212.25 Td (month ) Tj ET Q q 0 0 0 rg BT 131.46 212.25 Td (within ) Tj ET Q q 0 0 0 rg BT 159.41 212.25 Td (such ) Tj ET Q q 0 0 0 rg BT 180.14 212.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 210.59 212.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 237.98 212.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 264.26 212.25 Td (are ) Tj ET Q q 0 0 0 rg BT 278.87 212.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 311.25 212.25 Td (by ) Tj ET Q q 0 0 0 rg BT 323.65 212.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 370.47 212.25 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 429.23 212.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 471.06 212.25 Td (escalations ) Tj ET Q q 0 0 0 rg BT 517.33 212.25 Td (based ) Tj ET Q q 0 0 0 rg BT 542.50 212.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 200.25 Td (future ) Tj ET Q q 0 0 0 rg BT 129.88 200.25 Td (conditions.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 176.25 Td (Developed ) Tj ET Q q 0 0 0 rg BT 130.60 176.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 143.50 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.85 176.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 177.08 176.25 Td (r) Tj ET Q q 0 0 0 rg BT 180.60 176.25 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.03 176.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.38 176.25 Td (� ) Tj ET Q q 0 0 0 rg BT 219.72 176.25 Td (Developed ) Tj ET Q q 0 0 0 rg BT 265.38 176.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 278.29 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.07 176.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 310.74 176.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 345.85 176.25 Td (are ) Tj ET Q q 0 0 0 rg BT 360.40 176.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 395.50 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.18 176.25 Td (any ) Tj ET Q q 0 0 0 rg BT 422.96 176.25 Td (category ) Tj ET Q q 0 0 0 rg BT 459.73 176.25 Td (that ) Tj ET Q q 0 0 0 rg BT 477.07 176.25 Td (can ) Tj ET Q q 0 0 0 rg BT 493.29 176.25 Td (be ) Tj ET Q q 0 0 0 rg BT 505.08 176.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 542.96 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 176.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 164.25 Td (recovered:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 140.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 116.33 140.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 154.42 140.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 189.74 140.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 214.51 140.25 Td (with ) Tj ET Q q 0 0 0 rg BT 235.94 140.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 271.26 140.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 317.13 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.22 140.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 376.64 140.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 414.18 140.25 Td (or ) Tj ET Q q 0 0 0 rg BT 426.16 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.60 140.25 Td (which ) Tj ET Q q 0 0 0 rg BT 465.69 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.56 140.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 501.32 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.31 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.18 140.25 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 128.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 148.21 128.25 Td (is ) Tj ET Q q 0 0 0 rg BT 157.38 128.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 197.64 128.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 224.03 128.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 265.95 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.23 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.95 128.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 309.55 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.38 128.25 Td (a ) Tj ET Q q 0 0 0 rg BT 327.32 128.25 Td (new ) Tj ET Q q 0 0 0 rg BT 346.48 128.25 Td (well; ) Tj ET Q q 0 0 0 rg BT 368.98 128.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 104.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 118.10 104.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 155.10 104.25 Td (installed ) Tj ET Q q 0 0 0 rg BT 191.54 104.25 Td (extraction ) Tj ET Q q 0 0 0 rg BT 234.09 104.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 278.86 104.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.86 104.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 352.29 104.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 399.83 104.25 Td (at ) Tj ET Q q 0 0 0 rg BT 409.61 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.39 104.25 Td (time ) Tj ET Q q 0 0 0 rg BT 444.73 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.62 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.40 104.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 505.73 104.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 541.61 104.25 Td (if ) Tj ET Q q 0 0 0 rg BT 550.28 104.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 92.25 Td (extraction ) Tj ET Q q 0 0 0 rg BT 145.98 92.25 Td (is ) Tj ET Q q 0 0 0 rg BT 155.15 92.25 Td (by ) Tj ET Q q 0 0 0 rg BT 167.65 92.25 Td (means ) Tj ET Q q 0 0 0 rg BT 195.70 92.25 Td (not ) Tj ET Q q 0 0 0 rg BT 210.98 92.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 251.81 92.25 Td (a ) Tj ET Q q 0 0 0 rg BT 258.75 92.25 Td (well.) Tj ET Q endstream endobj 249 0 obj <> endobj 250 0 obj <> stream BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 140.87 740.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.05 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.67 740.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 188.18 740.10 Td (r) Tj ET Q q 0 0 0 rg BT 191.70 740.10 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.13 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.75 740.10 Td (� ) Tj ET Q q 0 0 0 rg BT 231.37 740.10 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 287.30 740.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 300.48 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.54 740.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 333.49 740.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 368.87 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 383.69 740.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 419.07 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.02 740.10 Td (any ) Tj ET Q q 0 0 0 rg BT 447.08 740.10 Td (category ) Tj ET Q q 0 0 0 rg BT 484.12 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.74 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.56 740.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 554.72 740.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.84 728.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 138.15 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.48 728.10 Td (new ) Tj ET Q q 0 0 0 rg BT 178.04 728.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 201.04 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.94 728.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 250.94 728.10 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 285.86 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.09 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.42 728.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 350.99 728.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 373.99 728.10 Td (where ) Tj ET Q q 0 0 0 rg BT 400.32 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.65 728.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 446.31 728.10 Td (major ) Tj ET Q q 0 0 0 rg BT 471.53 728.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 520.63 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.20 728.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.66 716.10 Td (recompletion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 116.23 692.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 155.62 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.91 692.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 208.31 692.10 Td (acreage ) Tj ET Q q 0 0 0 rg BT 242.13 692.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 264.30 692.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.04 692.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 308.66 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.73 692.10 Td (those ) Tj ET Q q 0 0 0 rg BT 344.13 692.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 377.96 692.10 Td (of) Tj ET Q q 0 0 0 rg BT 386.11 692.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 419.40 692.10 Td (development ) Tj ET Q q 0 0 0 rg BT 474.34 692.10 Td (spacing ) Tj ET Q q 0 0 0 rg BT 508.18 692.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 532.01 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 692.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 150.57 680.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 181.53 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.62 680.10 Td (production ) Tj ET Q q 0 0 0 rg BT 240.70 680.10 Td (when ) Tj ET Q q 0 0 0 rg BT 266.12 680.10 Td (drilled, ) Tj ET Q q 0 0 0 rg BT 298.48 680.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 327.24 680.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 366.53 680.10 Td (using ) Tj ET Q q 0 0 0 rg BT 391.96 680.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 425.70 680.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 473.89 680.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 500.42 680.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.18 680.10 Td (establishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 148.75 668.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 186.23 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.06 668.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 238.44 668.10 Td (producibility ) Tj ET Q q 0 0 0 rg BT 292.60 668.10 Td (at ) Tj ET Q q 0 0 0 rg BT 302.31 668.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 332.57 668.10 Td (distances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 644.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 117.53 644.10 Td (Undrilled ) Tj ET Q q 0 0 0 rg BT 157.67 644.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 195.58 644.10 Td (can ) Tj ET Q q 0 0 0 rg BT 211.27 644.10 Td (be ) Tj ET Q q 0 0 0 rg BT 222.53 644.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 262.10 644.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.25 644.10 Td (having ) Tj ET Q q 0 0 0 rg BT 301.28 644.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 354.18 644.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 388.75 644.10 Td (only ) Tj ET Q q 0 0 0 rg BT 408.35 644.10 Td (if ) Tj ET Q q 0 0 0 rg BT 416.27 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.52 644.10 Td (development ) Tj ET Q q 0 0 0 rg BT 475.98 644.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 495.01 644.10 Td (has ) Tj ET Q q 0 0 0 rg BT 510.15 644.10 Td (been ) Tj ET Q q 0 0 0 rg BT 530.84 644.10 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 146.20 632.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.91 632.10 Td (they ) Tj ET Q q 0 0 0 rg BT 183.84 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.75 632.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 241.45 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.94 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.09 632.10 Td (drilled ) Tj ET Q q 0 0 0 rg BT 292.91 632.10 Td (within ) Tj ET Q q 0 0 0 rg BT 321.17 632.10 Td (five ) Tj ET Q q 0 0 0 rg BT 339.43 632.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 365.74 632.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 393.45 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.38 632.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 442.19 632.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 501.54 632.10 Td (justify ) Tj ET Q q 0 0 0 rg BT 529.81 632.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.96 632.10 Td (longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 620.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 596.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 121.47 596.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 149.43 596.10 Td (no ) Tj ET Q q 0 0 0 rg BT 162.40 596.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 222.01 596.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 243.86 596.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 284.05 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.68 596.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 352.74 596.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 388.47 596.10 Td (be ) Tj ET Q q 0 0 0 rg BT 400.88 596.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 449.39 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.13 596.10 Td (any ) Tj ET Q q 0 0 0 rg BT 477.54 596.10 Td (acreage ) Tj ET Q q 0 0 0 rg BT 511.04 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.67 596.10 Td (which ) Tj ET Q q 0 0 0 rg BT 553.07 596.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 584.10 Td (application ) Tj ET Q q 0 0 0 rg BT 151.02 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.45 584.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 184.43 584.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 222.51 584.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.93 584.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.57 584.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 298.99 584.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 337.06 584.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 379.02 584.10 Td (is ) Tj ET Q q 0 0 0 rg BT 388.79 584.10 Td (contemplated, ) Tj ET Q q 0 0 0 rg BT 448.25 584.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 476.34 584.10 Td (such ) Tj ET Q q 0 0 0 rg BT 497.77 584.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 543.62 584.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 572.10 Td (been ) Tj ET Q q 0 0 0 rg BT 123.85 572.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 153.08 572.10 Td (ef) Tj ET Q q 0 0 0 rg BT 160.67 572.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 189.34 572.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.81 572.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 226.15 572.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 259.28 572.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.52 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.21 572.10 Td (same ) Tj ET Q q 0 0 0 rg BT 304.22 572.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 341.23 572.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.03 572.10 Td (an ) Tj ET Q q 0 0 0 rg BT 361.94 572.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 403.95 572.10 Td (reservoir) Tj ET Q q 0 0 0 rg BT 439.09 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.06 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.86 572.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 484.31 572.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.56 572.10 Td ([section ) Tj ET Q q 0 0 0 rg BT 526.68 572.10 Td (210.4-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 560.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 117.10 560.10 Td (Definitions], ) Tj ET Q q 0 0 0 rg BT 170.42 560.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.25 560.10 Td (by ) Tj ET Q q 0 0 0 rg BT 193.75 560.10 Td (other ) Tj ET Q q 0 0 0 rg BT 216.80 560.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 254.83 560.10 Td (using ) Tj ET Q q 0 0 0 rg BT 279.00 560.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 311.48 560.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 358.42 560.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 408.69 560.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 453.94 560.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 488.28 560.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 534.53505859375 m 174.685546875 534.53505859375 l s q 0 0 0 rg BT 49.50 536.10 Td (Methodology ) Tj ET Q q 0 0 0 rg BT 108.11 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.73 536.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 137.10 536.10 Td (ocedur) Tj ET Q q 0 0 0 rg BT 166.36 536.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 126.42 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 512.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 171.58 512.10 Td (were ) Tj ET Q q 0 0 0 rg BT 193.04 512.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 230.05 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.09 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.34 512.10 Td (use ) Tj ET Q q 0 0 0 rg BT 271.70 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.07 512.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 329.64 512.10 Td (geologic, ) Tj ET Q q 0 0 0 rg BT 368.60 512.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 411.18 512.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 462.92 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.39 512.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 523.08 512.10 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.76 500.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 112.35 500.10 Td (that ) Tj ET Q q 0 0 0 rg BT 130.17 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 145.20 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.81 500.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 203.59 500.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.19 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.24 500.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 274.82 500.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 320.42 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.57 500.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 357.18 500.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 389.43 500.10 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 423.90 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.06 500.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 481.77 500.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 500.70 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.86 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.90 500.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 548.06 500.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.03 488.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 106.31 488.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.26 488.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 190.88 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 202.63 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.59 488.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 258.89 488.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 293.42 488.10 Td (as ) Tj ET Q q 0 0 0 rg BT 303.50 488.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 343.56 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.09 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.06 488.10 Td (publication ) Tj ET Q q 0 0 0 rg BT 413.80 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.88 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.85 488.10 Td (Society ) Tj ET Q q 0 0 0 rg BT 469.59 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.67 488.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 522.53 488.10 Td (Engineers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 81.66 476.10 Td (�Standards ) Tj ET Q q 0 0 0 rg BT 127.70 476.10 Td (Pertaining ) Tj ET Q q 0 0 0 rg BT 170.97 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.92 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.31 476.10 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 240.80 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.93 476.10 Td (Auditing ) Tj ET Q q 0 0 0 rg BT 294.66 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.15 476.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 320.10 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.71 476.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 354.43 476.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 392.69 476.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 442.63 476.10 Td (\(revised ) Tj ET Q q 0 0 0 rg BT 477.00 476.10 Td (June ) Tj ET Q q 0 0 0 rg BT 497.50 476.10 Td (2019\) ) Tj ET Q q 0 0 0 rg BT 522.52 476.10 Td (Approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.89 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.49 464.10 Td (SPE ) Tj ET Q q 0 0 0 rg BT 96.10 464.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 122.93 464.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.31 464.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 147.70 464.10 Td (June ) Tj ET Q q 0 0 0 rg BT 168.41 464.10 Td (2019.� ) Tj ET Q q 0 0 0 rg BT 197.56 464.10 Td (The ) Tj ET Q q 0 0 0 rg BT 215.50 464.10 Td (method ) Tj ET Q q 0 0 0 rg BT 247.88 464.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.59 464.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 310.97 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.68 464.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 357.96 464.10 Td (used ) Tj ET Q q 0 0 0 rg BT 378.67 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.83 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.44 464.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 438.04 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.75 464.10 Td (each ) Tj ET Q q 0 0 0 rg BT 469.45 464.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 507.38 464.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.31 464.10 Td (tempered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.00 452.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 107.80 452.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.08 452.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 158.35 452.10 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 202.78 452.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 225.83 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.66 452.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 293.31 452.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 323.58 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.52 452.10 Td (completeness ) Tj ET Q q 0 0 0 rg BT 396.89 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.72 452.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 430.77 452.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 452.42 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.36 452.10 Td (production ) Tj ET Q q 0 0 0 rg BT 515.19 452.10 Td (history) Tj ET Q q 0 0 0 rg BT 542.32 452.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 112.40 428.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.87 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.55 428.10 Td (current ) Tj ET Q q 0 0 0 rg BT 170.33 428.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 193.34 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.14 428.10 Td (field ) Tj ET Q q 0 0 0 rg BT 224.93 428.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 281.54 428.10 Td (production ) Tj ET Q q 0 0 0 rg BT 327.33 428.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 382.82 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.50 428.10 Td (development ) Tj ET Q q 0 0 0 rg BT 451.62 428.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 475.19 428.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 513.20 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 525.67 428.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 560.01 428.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 416.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 102.82 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.65 416.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 136.68 416.10 Td (of) Tj ET Q q 0 0 0 rg BT 144.83 416.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 177.33 416.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 211.49 416.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 235.10 416.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.38 416.10 Td (test ) Tj ET Q q 0 0 0 rg BT 271.77 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.60 416.10 Td (production ) Tj ET Q q 0 0 0 rg BT 328.42 416.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 350.08 416.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 385.33 416.10 Td (were ) Tj ET Q q 0 0 0 rg BT 407.26 416.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 447.53 416.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.36 416.10 Td (proved.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.49 392.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 133.70 392.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 187.23 392.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 222.43 392.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 262.08 392.10 Td (were ) Tj ET Q q 0 0 0 rg BT 283.95 392.10 Td (based ) Tj ET Q q 0 0 0 rg BT 309.16 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 321.60 392.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 376.81 392.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 417.58 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.79 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.45 392.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 462.11 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.88 392.10 Td (development ) Tj ET Q q 0 0 0 rg BT 526.97 392.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.00 380.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 96.34 380.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 356.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 122.51 356.10 Td (has ) Tj ET Q q 0 0 0 rg BT 137.86 356.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 185.97 356.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.99 356.10 Td (its ) Tj ET Q q 0 0 0 rg BT 214.46 356.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 240.92 356.10 Td (management ) Tj ET Q q 0 0 0 rg BT 294.03 356.10 Td (is ) Tj ET Q q 0 0 0 rg BT 302.72 356.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 347.51 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.31 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.54 356.10 Td (development ) Tj ET Q q 0 0 0 rg BT 425.22 356.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 444.46 356.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 482.02 356.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.04 356.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 531.06 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.52 356.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 87.89 344.10 Td (has ) Tj ET Q q 0 0 0 rg BT 104.62 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.24 344.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.62 344.10 Td (capability ) Tj ET Q q 0 0 0 rg BT 201.45 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.63 344.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 246.56 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.18 344.10 Td (development ) Tj ET Q q 0 0 0 rg BT 317.23 344.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 340.35 344.10 Td (including ) Tj ET Q q 0 0 0 rg BT 381.52 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.14 344.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 429.99 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.83 344.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 496.22 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.95 344.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 532.46 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 344.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (installation ) Tj ET Q q 0 0 0 rg BT 96.44 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.27 332.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 151.98 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.92 332.10 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 308.10 Td (When ) Tj ET Q q 0 0 0 rg BT 111.93 308.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 158.08 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.85 308.10 Td (volumetric ) Tj ET Q q 0 0 0 rg BT 218.72 308.10 Td (method ) Tj ET Q q 0 0 0 rg BT 251.27 308.10 Td (was ) Tj ET Q q 0 0 0 rg BT 269.38 308.10 Td (used ) Tj ET Q q 0 0 0 rg BT 290.27 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.60 308.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 336.48 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.25 308.10 Td (original ) Tj ET Q q 0 0 0 rg BT 384.91 308.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 398.02 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.35 308.10 Td (place ) Tj ET Q q 0 0 0 rg BT 432.00 308.10 Td (\(OOIP\) ) Tj ET Q q 0 0 0 rg BT 464.55 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.54 308.10 Td (original ) Tj ET Q q 0 0 0 rg BT 515.20 308.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 531.09 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.42 308.10 Td (place ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (\(OGIP\). ) Tj ET Q q 0 0 0 rg BT 83.63 296.10 Td (Structure ) Tj ET Q q 0 0 0 rg BT 121.92 296.10 Td (maps ) Tj ET Q q 0 0 0 rg BT 144.66 296.10 Td (were ) Tj ET Q q 0 0 0 rg BT 165.72 296.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 202.33 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.74 296.10 Td (delineate ) Tj ET Q q 0 0 0 rg BT 249.46 296.10 Td (each ) Tj ET Q q 0 0 0 rg BT 269.41 296.10 Td (reservoir) Tj ET Q q 0 0 0 rg BT 304.55 296.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.68 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.75 296.10 Td (isopach ) Tj ET Q q 0 0 0 rg BT 356.93 296.10 Td (maps ) Tj ET Q q 0 0 0 rg BT 379.68 296.10 Td (were ) Tj ET Q q 0 0 0 rg BT 400.74 296.10 Td (constructed ) Tj ET Q q 0 0 0 rg BT 448.46 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.88 296.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 492.83 296.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 530.00 296.10 Td (volume. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 90.42 284.10 Td (logs, ) Tj ET Q q 0 0 0 rg BT 112.21 284.10 Td (radioactivity ) Tj ET Q q 0 0 0 rg BT 165.37 284.10 Td (logs, ) Tj ET Q q 0 0 0 rg BT 187.16 284.10 Td (core ) Tj ET Q q 0 0 0 rg BT 206.98 284.10 Td (analyses, ) Tj ET Q q 0 0 0 rg BT 245.98 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.04 284.10 Td (other ) Tj ET Q q 0 0 0 rg BT 286.20 284.10 Td (available ) Tj ET Q q 0 0 0 rg BT 324.91 284.10 Td (data ) Tj ET Q q 0 0 0 rg BT 344.18 284.10 Td (were ) Tj ET Q q 0 0 0 rg BT 366.23 284.10 Td (used ) Tj ET Q q 0 0 0 rg BT 387.18 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.58 284.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 430.17 284.10 Td (these ) Tj ET Q q 0 0 0 rg BT 453.34 284.10 Td (maps ) Tj ET Q q 0 0 0 rg BT 477.06 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.01 284.10 Td (well ) Tj ET Q q 0 0 0 rg BT 507.85 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 518.80 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.19 284.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 108.85 272.10 Td (values ) Tj ET Q q 0 0 0 rg BT 137.66 272.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.59 272.10 Td (porosity ) Tj ET Q q 0 0 0 rg BT 188.63 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.34 272.10 Td (water ) Tj ET Q q 0 0 0 rg BT 231.81 272.10 Td (saturation. ) Tj ET Q q 0 0 0 rg BT 276.77 272.10 Td (When ) Tj ET Q q 0 0 0 rg BT 303.92 272.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 342.72 272.10 Td (data ) Tj ET Q q 0 0 0 rg BT 362.64 272.10 Td (were ) Tj ET Q q 0 0 0 rg BT 385.33 272.10 Td (available ) Tj ET Q q 0 0 0 rg BT 424.69 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.39 272.10 Td (when ) Tj ET Q q 0 0 0 rg BT 467.32 272.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 527.23 272.10 Td (justified, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (material-balance ) Tj ET Q q 0 0 0 rg BT 118.62 260.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 155.01 260.10 Td (were ) Tj ET Q q 0 0 0 rg BT 176.94 260.10 Td (used ) Tj ET Q q 0 0 0 rg BT 197.77 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.04 260.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 243.87 260.10 Td (OOIP) Tj ET Q q 0 0 0 rg BT 266.83 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.33 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 280.16 260.10 Td (OGIP) Tj ET Q q 0 0 0 rg BT 302.39 260.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 236.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 126.69 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.32 236.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 172.40 236.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 209.68 236.10 Td (were ) Tj ET Q q 0 0 0 rg BT 231.42 236.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 268.16 236.10 Td (after ) Tj ET Q q 0 0 0 rg BT 288.78 236.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 326.08 236.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 363.36 236.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 392.87 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.96 236.10 Td (OOIP) Tj ET Q q 0 0 0 rg BT 425.92 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.23 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.97 236.10 Td (OGIP) Tj ET Q q 0 0 0 rg BT 467.20 236.10 Td (. ) Tj ET Q q 0 0 0 rg BT 471.84 236.10 Td (These ) Tj ET Q q 0 0 0 rg BT 498.02 236.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 535.30 236.10 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.29 224.10 Td (based ) Tj ET Q q 0 0 0 rg BT 96.42 224.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.78 224.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 165.02 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.71 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 224.10 Td (type ) Tj ET Q q 0 0 0 rg BT 209.87 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.56 224.10 Td (ener) Tj ET Q q 0 0 0 rg BT 237.59 224.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 249.95 224.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 285.08 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.22 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.80 224.10 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 354.09 224.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 390.33 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.02 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.60 224.10 Td (petroleum, ) Tj ET Q q 0 0 0 rg BT 461.00 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.58 224.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 515.71 224.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 554.19 224.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.27 212.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 107.30 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.29 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.06 212.10 Td (production ) Tj ET Q q 0 0 0 rg BT 181.93 212.10 Td (histories. ) Tj ET Q q 0 0 0 rg BT 219.76 212.10 Td (When ) Tj ET Q q 0 0 0 rg BT 245.19 212.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 290.33 212.10 Td (material ) Tj ET Q q 0 0 0 rg BT 324.63 212.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 356.72 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.71 212.10 Td (other ) Tj ET Q q 0 0 0 rg BT 394.80 212.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 443.56 212.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 478.99 212.10 Td (were ) Tj ET Q q 0 0 0 rg BT 499.97 212.10 Td (used ) Tj ET Q q 0 0 0 rg BT 519.85 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.18 212.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.02 200.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 116.77 200.10 Td (based ) Tj ET Q q 0 0 0 rg BT 142.08 200.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.63 200.10 Td (an ) Tj ET Q q 0 0 0 rg BT 166.61 200.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 201.37 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.24 200.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 250.33 200.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 305.89 200.10 Td (including ) Tj ET Q q 0 0 0 rg BT 346.21 200.10 Td (production ) Tj ET Q q 0 0 0 rg BT 392.08 200.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 412.11 200.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 450.19 200.10 Td (pressure, ) Tj ET Q q 0 0 0 rg BT 488.55 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.54 200.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 543.62 200.10 Td (fluid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 95.84 188.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 129.13 188.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 172.98 188.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 215.14 188.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 243.99 188.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.05 188.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 301.12 188.10 Td (using ) Tj ET Q q 0 0 0 rg BT 326.64 188.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 357.71 188.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 391.56 188.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 433.17 188.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 447.59 188.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 486.42 188.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 524.16 188.10 Td (involving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 95.79 176.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 125.41 176.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 157.81 176.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 194.10 176.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 240.49 176.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 284.81 176.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 314.42 176.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 346.82 176.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 374.78 176.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 387.74 176.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 412.37 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.21 176.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 458.82 176.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 491.23 176.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 528.62 176.10 Td (volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 164.10 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 109.46 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.40 164.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 166.10 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.04 164.10 Td (were ) Tj ET Q q 0 0 0 rg BT 204.97 164.10 Td (used ) Tj ET Q q 0 0 0 rg BT 225.80 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.08 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.79 164.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 294.95 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.78 164.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 341.04 164.10 Td (when ) Tj ET Q q 0 0 0 rg BT 365.20 164.10 Td (applicable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 140.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.06 140.10 Td (depletion-type ) Tj ET Q q 0 0 0 rg BT 162.48 140.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 204.57 140.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.56 140.10 Td (those ) Tj ET Q q 0 0 0 rg BT 239.34 140.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 267.55 140.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 320.74 140.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 360.62 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.72 140.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 400.36 140.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 431.90 140.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.34 140.10 Td (producing-rate ) Tj ET Q q 0 0 0 rg BT 503.87 140.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 530.97 140.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.96 140.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (diagnostic ) Tj ET Q q 0 0 0 rg BT 95.38 128.10 Td (characteristics, ) Tj ET Q q 0 0 0 rg BT 159.84 128.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 197.37 128.10 Td (were ) Tj ET Q q 0 0 0 rg BT 221.57 128.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 264.66 128.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.44 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.43 128.10 Td (application ) Tj ET Q q 0 0 0 rg BT 345.63 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.73 128.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 409.04 128.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 442.68 128.10 Td (curves ) Tj ET Q q 0 0 0 rg BT 473.55 128.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.66 128.10 Td (other ) Tj ET Q q 0 0 0 rg BT 511.98 128.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 105.61 116.10 Td (In ) Tj ET Q q 0 0 0 rg BT 116.45 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.17 116.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 167.55 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.39 116.10 Td (production-decline ) Tj ET Q q 0 0 0 rg BT 256.42 116.10 Td (curves, ) Tj ET Q q 0 0 0 rg BT 287.53 116.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 322.79 116.10 Td (were ) Tj ET Q q 0 0 0 rg BT 344.73 116.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 385.55 116.10 Td (only ) Tj ET Q q 0 0 0 rg BT 405.84 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.12 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.85 116.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 456.14 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.97 116.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 508.35 116.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 116.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.99 104.10 Td (under ) Tj ET Q q 0 0 0 rg BT 107.25 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.97 104.10 Td (Definition ) Tj ET Q q 0 0 0 rg BT 165.57 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.40 104.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 215.00 104.10 Td (heading ) Tj ET Q q 0 0 0 rg BT 249.16 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.99 104.10 Td (this ) Tj ET Q q 0 0 0 rg BT 276.94 104.10 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 80.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.03 80.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 125.44 80.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 151.24 80.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 186.20 80.10 Td (were ) Tj ET Q q 0 0 0 rg BT 207.84 80.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 248.36 80.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.56 80.10 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 316.64 80.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 354.39 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.92 80.10 Td (analogy ) Tj ET Q q 0 0 0 rg BT 398.78 80.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.76 80.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 448.74 80.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 472.05 80.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.58 80.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 524.21 80.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.08 80.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (more ) Tj ET Q q 0 0 0 rg BT 72.55 68.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 111.70 68.10 Td (data ) Tj ET Q q 0 0 0 rg BT 130.85 68.10 Td (were ) Tj ET Q q 0 0 0 rg BT 152.78 68.10 Td (available.) Tj ET Q endstream endobj 251 0 obj <> endobj 252 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.36 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.11 740.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 155.30 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.16 740.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 219.79 740.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 257.58 740.10 Td (type-well ) Tj ET Q q 0 0 0 rg BT 297.88 740.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 332.63 740.10 Td (was ) Tj ET Q q 0 0 0 rg BT 350.71 740.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 394.89 740.10 Td (using ) Tj ET Q q 0 0 0 rg BT 419.09 740.10 Td (well ) Tj ET Q q 0 0 0 rg BT 438.84 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 458.03 740.10 Td (from ) Tj ET Q q 0 0 0 rg BT 480.00 740.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 523.08 740.10 Td (reservoirs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 90.60 728.10 Td (more ) Tj ET Q q 0 0 0 rg BT 113.65 728.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 152.80 728.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 192.51 728.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 245.53 728.10 Td (data ) Tj ET Q q 0 0 0 rg BT 264.69 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 286.61 728.10 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 704.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 106.99 704.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 145.15 704.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.76 704.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 195.36 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 217.41 704.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 241.13 704.10 Td (drilled ) Tj ET Q q 0 0 0 rg BT 269.84 704.10 Td (through ) Tj ET Q q 0 0 0 rg BT 303.56 704.10 Td (December ) Tj ET Q q 0 0 0 rg BT 347.26 704.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 362.37 704.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 387.48 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.53 704.10 Td (made ) Tj ET Q q 0 0 0 rg BT 428.80 704.10 Td (available ) Tj ET Q q 0 0 0 rg BT 467.50 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.77 704.10 Td (this ) Tj ET Q q 0 0 0 rg BT 498.83 704.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 543.09 704.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (used ) Tj ET Q q 0 0 0 rg BT 70.53 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.01 692.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 113.68 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.60 692.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 164.06 692.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 203.97 692.10 Td (herein. ) Tj ET Q q 0 0 0 rg BT 233.96 692.10 Td (These ) Tj ET Q q 0 0 0 rg BT 260.53 692.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 295.99 692.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 335.90 692.10 Td (were ) Tj ET Q q 0 0 0 rg BT 358.03 692.10 Td (based ) Tj ET Q q 0 0 0 rg BT 383.50 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 396.20 692.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 452.77 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.80 692.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 499.83 692.10 Td (production ) Tj ET Q q 0 0 0 rg BT 545.86 692.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.46 680.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.99 680.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 133.06 680.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 175.92 680.10 Td (only ) Tj ET Q q 0 0 0 rg BT 196.57 680.10 Td (through ) Tj ET Q q 0 0 0 rg BT 230.55 680.10 Td (November ) Tj ET Q q 0 0 0 rg BT 275.63 680.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 301.00 680.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 343.86 680.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 391.16 680.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 439.86 680.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.06 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.26 680.10 Td (December ) Tj ET Q q 0 0 0 rg BT 506.21 680.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 521.58 680.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 546.96 680.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (deducted ) Tj ET Q q 0 0 0 rg BT 88.20 668.10 Td (from ) Tj ET Q q 0 0 0 rg BT 110.25 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.08 668.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.00 668.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 189.73 668.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 225.10 668.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 262.69 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.08 668.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 309.01 668.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 332.73 668.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 370.41 668.10 Td (This ) Tj ET Q q 0 0 0 rg BT 390.79 668.10 Td (required ) Tj ET Q q 0 0 0 rg BT 426.72 668.10 Td (that ) Tj ET Q q 0 0 0 rg BT 444.32 668.10 Td (production ) Tj ET Q q 0 0 0 rg BT 490.26 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 502.30 668.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 543.23 668.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.50 668.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (month.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 632.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 101.34 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.84 632.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 166.32 632.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 202.14 632.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 243.52 632.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 271.57 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.84 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.67 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 310.17 632.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 352.65 632.10 Td (by ) Tj ET Q q 0 0 0 rg BT 365.71 632.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 397.09 632.10 Td (field ) Tj ET Q q 0 0 0 rg BT 418.48 632.10 Td (separation. ) Tj ET Q q 0 0 0 rg BT 465.13 632.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 485.32 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.38 632.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 524.20 632.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 77.09 620.10 Td (include ) Tj ET Q q 0 0 0 rg BT 109.13 620.10 Td (pentanes ) Tj ET Q q 0 0 0 rg BT 146.72 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.77 620.10 Td (heavier ) Tj ET Q q 0 0 0 rg BT 195.80 620.10 Td (fractions ) Tj ET Q q 0 0 0 rg BT 233.39 620.10 Td (\(C) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 243.39 618.67 Td (5+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.31 620.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 256.24 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.29 620.10 Td (liquefied ) Tj ET Q q 0 0 0 rg BT 311.44 620.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 354.58 620.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 370.52 620.10 Td (\(LPG\), ) Tj ET Q q 0 0 0 rg BT 401.18 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 428.22 620.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 462.50 620.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 502.32 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.25 620.10 Td (propane ) Tj ET Q q 0 0 0 rg BT 548.07 620.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (butane ) Tj ET Q q 0 0 0 rg BT 78.41 608.10 Td (fractions ) Tj ET Q q 0 0 0 rg BT 115.64 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.33 608.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.79 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.25 608.10 Td (result ) Tj ET Q q 0 0 0 rg BT 185.72 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.30 608.10 Td (low-temperature ) Tj ET Q q 0 0 0 rg BT 264.63 608.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 286.87 608.10 Td (processing. ) Tj ET Q q 0 0 0 rg BT 334.39 608.10 Td (Oil, ) Tj ET Q q 0 0 0 rg BT 351.92 608.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 401.09 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.78 608.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 437.96 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.21 608.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 475.22 608.10 Td (included ) Tj ET Q q 0 0 0 rg BT 511.91 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.93 608.10 Td (this ) Tj ET Q q 0 0 0 rg BT 538.63 608.10 Td (report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.01 596.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 105.73 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.81 596.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 158.11 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.74 596.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 198.24 596.10 Td (\(Mbbl\). ) Tj ET Q q 0 0 0 rg BT 231.37 596.10 Td (In ) Tj ET Q q 0 0 0 rg BT 242.00 596.10 Td (these ) Tj ET Q q 0 0 0 rg BT 264.85 596.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 306.86 596.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 314.16 596.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 339.77 596.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 367.62 596.10 Td (42 ) Tj ET Q q 0 0 0 rg BT 379.92 596.10 Td (United ) Tj ET Q q 0 0 0 rg BT 409.43 596.10 Td (States ) Tj ET Q q 0 0 0 rg BT 435.62 596.10 Td (gallons. ) Tj ET Q q 0 0 0 rg BT 469.30 596.10 Td (For ) Tj ET Q q 0 0 0 rg BT 485.49 596.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 524.45 596.10 Td (purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 65.06 584.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 114.48 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.42 584.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 151.60 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.10 584.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 189.36 584.10 Td (have ) Tj ET Q q 0 0 0 rg BT 210.74 584.10 Td (been ) Tj ET Q q 0 0 0 rg BT 232.11 584.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 272.93 584.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 315.96 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.90 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.61 584.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 388.43 584.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 415.91 584.10 Td (as ) Tj ET Q q 0 0 0 rg BT 426.74 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.68 584.10 Td (summed ) Tj ET Q q 0 0 0 rg BT 470.07 584.10 Td (quantity) Tj ET Q q 0 0 0 rg BT 502.19 584.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 103.68 560.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 145.19 560.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 186.14 560.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 213.76 560.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.59 560.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 270.65 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.61 560.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 303.68 560.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 322.14 560.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 345.88 560.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 361.84 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 371.13 560.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 403.75 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 414.71 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.56 560.10 Td (total ) Tj ET Q q 0 0 0 rg BT 449.96 560.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 465.92 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.33 560.10 Td (be ) Tj ET Q q 0 0 0 rg BT 488.39 560.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 528.23 560.10 Td (from ) Tj ET Q q 0 0 0 rg BT 550.30 560.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 93.47 548.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 133.83 548.10 Td (at ) Tj ET Q q 0 0 0 rg BT 143.10 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.36 548.10 Td (point ) Tj ET Q q 0 0 0 rg BT 179.96 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.33 548.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 222.45 548.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.99 548.10 Td (after ) Tj ET Q q 0 0 0 rg BT 247.35 548.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 287.16 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 300.87 548.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 318.46 548.10 Td (usage, ) Tj ET Q q 0 0 0 rg BT 345.77 548.10 Td (flare, ) Tj ET Q q 0 0 0 rg BT 368.63 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.12 548.10 Td (shrinkage ) Tj ET Q q 0 0 0 rg BT 426.04 548.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 463.08 548.10 Td (from ) Tj ET Q q 0 0 0 rg BT 484.56 548.10 Td (field ) Tj ET Q q 0 0 0 rg BT 504.93 548.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 548.07 548.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (processing. ) Tj ET Q q 0 0 0 rg BT 96.82 536.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 114.42 536.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 149.23 536.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 189.60 536.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 216.64 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 230.90 536.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 266.26 536.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.64 536.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 298.13 536.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 316.01 536.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 333.62 536.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 368.43 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.68 536.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 424.16 536.10 Td (at ) Tj ET Q q 0 0 0 rg BT 433.43 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.92 536.10 Td (temperature ) Tj ET Q q 0 0 0 rg BT 489.72 536.10 Td (base ) Tj ET Q q 0 0 0 rg BT 509.54 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.92 536.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 531.97 536.10 Td (degrees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (Fahrenheit ) Tj ET Q q 0 0 0 rg BT 95.37 524.10 Td (\(�F\) ) Tj ET Q q 0 0 0 rg BT 114.70 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.25 524.10 Td (at ) Tj ET Q q 0 0 0 rg BT 142.57 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.90 524.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 194.32 524.10 Td (base ) Tj ET Q q 0 0 0 rg BT 215.20 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.64 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.96 524.10 Td (state ) Tj ET Q q 0 0 0 rg BT 263.40 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.28 524.10 Td (which ) Tj ET Q q 0 0 0 rg BT 301.83 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.15 524.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 353.02 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.34 524.10 Td (located. ) Tj ET Q q 0 0 0 rg BT 402.82 524.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 421.48 524.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 457.34 524.10 Td (included ) Tj ET Q q 0 0 0 rg BT 494.88 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.77 524.10 Td (this ) Tj ET Q q 0 0 0 rg BT 523.33 524.10 Td (report ) Tj ET Q q 0 0 0 rg BT 550.31 524.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 91.43 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.71 512.10 Td (millions ) Tj ET Q q 0 0 0 rg BT 136.99 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.82 512.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 171.98 512.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 189.46 512.10 Td (\(MMcf\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 103.84 488.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 145.51 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 160.50 488.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 201.61 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.40 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.41 488.10 Td (type ) Tj ET Q q 0 0 0 rg BT 249.41 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.53 488.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 298.85 488.10 Td (from ) Tj ET Q q 0 0 0 rg BT 321.08 488.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.31 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.31 488.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 379.43 488.10 Td (will ) Tj ET Q q 0 0 0 rg BT 397.78 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.00 488.10 Td (produced. ) Tj ET Q q 0 0 0 rg BT 452.50 488.10 Td (Nonassociated ) Tj ET Q q 0 0 0 rg BT 513.60 488.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 529.72 488.10 Td (is ) Tj ET Q q 0 0 0 rg BT 539.18 488.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 555.29 488.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 75.54 476.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 113.79 476.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 158.17 476.10 Td (with ) Tj ET Q q 0 0 0 rg BT 178.67 476.10 Td (no ) Tj ET Q q 0 0 0 rg BT 191.38 476.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 204.65 476.10 Td (present ) Tj ET Q q 0 0 0 rg BT 236.24 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.73 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.66 476.10 Td (reservoir) Tj ET Q q 0 0 0 rg BT 296.65 476.10 Td (. ) Tj ET Q q 0 0 0 rg BT 301.26 476.10 Td (Associated ) Tj ET Q q 0 0 0 rg BT 347.85 476.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 363.90 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 373.28 476.10 Td (both ) Tj ET Q q 0 0 0 rg BT 393.77 476.10 Td (gas-cap ) Tj ET Q q 0 0 0 rg BT 427.03 476.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 443.07 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.22 476.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 495.16 476.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 513.71 476.10 Td (Gas-cap ) Tj ET Q q 0 0 0 rg BT 549.18 476.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.95 464.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 75.06 464.10 Td (at ) Tj ET Q q 0 0 0 rg BT 85.05 464.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 111.16 464.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 149.48 464.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 193.92 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.14 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 220.58 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.14 464.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 296.13 464.10 Td (with ) Tj ET Q q 0 0 0 rg BT 316.68 464.10 Td (an ) Tj ET Q q 0 0 0 rg BT 328.90 464.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 375.00 464.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 388.34 464.10 Td (zone. ) Tj ET Q q 0 0 0 rg BT 412.49 464.10 Td (Solution ) Tj ET Q q 0 0 0 rg BT 449.17 464.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 465.28 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.72 464.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 490.83 464.10 Td (dissolved ) Tj ET Q q 0 0 0 rg BT 531.39 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.95 464.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 555.28 464.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 75.33 452.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 113.37 452.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 160.03 452.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 178.08 452.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 219.47 452.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 260.29 452.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 287.77 452.10 Td (include ) Tj ET Q q 0 0 0 rg BT 319.71 452.10 Td (both ) Tj ET Q q 0 0 0 rg BT 339.98 452.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 383.58 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.52 452.10 Td (nonassociated ) Tj ET Q q 0 0 0 rg BT 459.11 452.10 Td (gas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.10 Td (At ) Tj ET Q q 0 0 0 rg BT 97.35 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.42 428.10 Td (request ) Tj ET Q q 0 0 0 rg BT 142.14 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.32 428.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 186.66 428.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.01 428.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 212.30 428.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 227.48 428.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 262.09 428.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 302.26 428.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 329.09 428.10 Td (were ) Tj ET Q q 0 0 0 rg BT 350.37 428.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 391.65 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.27 428.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 413.68 428.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 457.18 428.10 Td (using ) Tj ET Q q 0 0 0 rg BT 480.70 428.10 Td (an ) Tj ET Q q 0 0 0 rg BT 491.99 428.10 Td (ener) Tj ET Q q 0 0 0 rg BT 509.01 428.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 520.86 428.10 Td (equivalent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 75.32 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.15 416.10 Td (6,000 ) Tj ET Q q 0 0 0 rg BT 111.15 416.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 135.30 416.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 152.79 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.62 416.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 179.45 416.10 Td (per ) Tj ET Q q 0 0 0 rg BT 194.71 416.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 202.21 416.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 228.03 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.86 416.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 251.92 416.10 Td (equivalent.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 390.53505859375 m 187.2783203125 390.53505859375 l s q 0 0 0 rg BT 49.50 392.10 Td (Primary ) Tj ET Q q 0 0 0 rg BT 88.09 392.10 Td (Economic ) Tj ET Q q 0 0 0 rg BT 132.26 392.10 Td (Assumptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 122.59 368.10 Td (values ) Tj ET Q q 0 0 0 rg BT 150.25 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.14 368.10 Td (this ) Tj ET Q q 0 0 0 rg BT 176.69 368.10 Td (report ) Tj ET Q q 0 0 0 rg BT 202.68 368.10 Td (were ) Tj ET Q q 0 0 0 rg BT 224.21 368.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 264.64 368.10 Td (using ) Tj ET Q q 0 0 0 rg BT 288.42 368.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 313.86 368.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 342.35 368.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 383.05 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.60 368.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 421.71 368.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 459.36 368.10 Td (by ) Tj ET Q q 0 0 0 rg BT 471.47 368.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 505.81 368.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.42 368.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 538.64 368.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.81 356.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 113.01 356.10 Td (using ) Tj ET Q q 0 0 0 rg BT 137.56 356.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 181.54 356.10 Td (established ) Tj ET Q q 0 0 0 rg BT 228.86 356.10 Td (by ) Tj ET Q q 0 0 0 rg BT 241.74 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.83 356.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 278.05 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.37 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.47 356.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 349.92 356.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 399.46 356.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 441.78 356.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 469.09 356.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 477.24 356.10 Td (ASB\). ) Tj ET Q q 0 0 0 rg BT 505.20 356.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.63 356.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.87 344.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 142.82 344.10 Td (were ) Tj ET Q q 0 0 0 rg BT 164.75 344.10 Td (used ) Tj ET Q q 0 0 0 rg BT 185.58 344.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.74 344.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 243.90 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.62 344.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 292.76 344.10 Td (values ) Tj ET Q q 0 0 0 rg BT 320.81 344.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 356.62 344.10 Td (herein:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 320.10 Td (Oil, ) Tj ET Q q 0 0 0 rg BT 103.28 320.10 Td (Condensate, ) Tj ET Q q 0 0 0 rg BT 155.50 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.00 320.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 192.27 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.77 320.10 Td (Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 296.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.80 296.10 Td (has ) Tj ET Q q 0 0 0 rg BT 156.43 296.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 204.83 296.10 Td (that ) Tj ET Q q 0 0 0 rg BT 222.13 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.65 296.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 252.02 296.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 301.25 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.99 296.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 338.17 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.48 296.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 366.66 296.10 Td (were ) Tj ET Q q 0 0 0 rg BT 388.40 296.10 Td (based ) Tj ET Q q 0 0 0 rg BT 413.48 296.10 Td (on ) Tj ET Q q 0 0 0 rg BT 425.78 296.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.53 296.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 472.02 296.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 496.81 296.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 539.65 296.10 Td (as ) Tj ET Q q 0 0 0 rg BT 550.28 296.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 284.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 152.52 284.10 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 195.41 284.10 Td (average ) Tj ET Q q 0 0 0 rg BT 228.86 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.55 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.13 284.10 Td (first�-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 346.46 284.10 Td (price ) Tj ET Q q 0 0 0 rg BT 368.81 284.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.83 284.10 Td (each ) Tj ET Q q 0 0 0 rg BT 403.50 284.10 Td (month ) Tj ET Q q 0 0 0 rg BT 431.42 284.10 Td (within ) Tj ET Q q 0 0 0 rg BT 459.34 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.92 284.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 515.16 284.10 Td (period ) Tj ET Q q 0 0 0 rg BT 543.07 284.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.08 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.09 272.10 Td (end ) Tj ET Q q 0 0 0 rg BT 143.33 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.46 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.48 272.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 205.93 272.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 235.78 272.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 262.58 272.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 288.25 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.26 272.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 334.04 272.10 Td (by ) Tj ET Q q 0 0 0 rg BT 345.84 272.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 392.06 272.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 441.89 272.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 478.68 272.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 514.37 272.10 Td (dif) Tj ET Q q 0 0 0 rg BT 525.30 272.10 Td (ferentials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.03 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.00 260.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 165.42 260.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 204.35 260.10 Td (price ) Tj ET Q q 0 0 0 rg BT 226.09 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.18 260.10 Td ($55.69 ) Tj ET Q q 0 0 0 rg BT 265.43 260.10 Td (per ) Tj ET Q q 0 0 0 rg BT 279.95 260.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 305.02 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.21 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.18 260.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 360.81 260.10 Td (were ) Tj ET Q q 0 0 0 rg BT 381.99 260.10 Td (held ) Tj ET Q q 0 0 0 rg BT 400.96 260.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 436.04 260.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 473.79 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.91 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 495.21 260.10 Td (pre-NPI ) Tj ET Q q 0 0 0 rg BT 529.18 260.10 Td (volume-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 248.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 143.07 248.10 Td (average ) Tj ET Q q 0 0 0 rg BT 177.07 248.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 203.87 248.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 252.32 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.02 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.15 248.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 319.39 248.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 350.08 248.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 385.75 248.10 Td (over ) Tj ET Q q 0 0 0 rg BT 406.44 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.57 248.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 443.38 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.63 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.76 248.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 512.66 248.10 Td (were ) Tj ET Q q 0 0 0 rg BT 535.01 248.10 Td ($55.55 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 236.10 Td (per ) Tj ET Q q 0 0 0 rg BT 118.77 236.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 144.58 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.41 236.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 168.47 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.41 236.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 232.33 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.27 236.10 Td ($19.55 ) Tj ET Q q 0 0 0 rg BT 279.27 236.10 Td (per ) Tj ET Q q 0 0 0 rg BT 294.54 236.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 320.36 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.19 236.10 Td (NGL.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 212.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.11 212.10 Td (Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 188.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.58 188.10 Td (has ) Tj ET Q q 0 0 0 rg BT 156.01 188.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 204.19 188.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.28 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.59 188.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 251.01 188.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 276.99 188.10 Td (were ) Tj ET Q q 0 0 0 rg BT 298.51 188.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.37 188.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.47 188.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.00 188.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 381.28 188.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 405.86 188.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 448.48 188.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.91 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.22 188.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 521.97 188.10 Td (arithmetic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 176.10 Td (average ) Tj ET Q q 0 0 0 rg BT 136.17 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.09 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.90 176.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 251.46 176.10 Td (price ) Tj ET Q q 0 0 0 rg BT 273.03 176.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.28 176.10 Td (each ) Tj ET Q q 0 0 0 rg BT 306.19 176.10 Td (month ) Tj ET Q q 0 0 0 rg BT 333.33 176.10 Td (within ) Tj ET Q q 0 0 0 rg BT 360.48 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.29 176.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 414.76 176.10 Td (period ) Tj ET Q q 0 0 0 rg BT 441.90 176.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 462.93 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.29 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.10 176.10 Td (end ) Tj ET Q q 0 0 0 rg BT 502.13 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.05 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.85 176.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 164.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 135.15 164.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 163.75 164.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 191.23 164.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.04 164.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 240.63 164.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.23 164.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 302.25 164.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 353.89 164.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 392.48 164.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 429.97 164.10 Td (dif) Tj ET Q q 0 0 0 rg BT 440.90 164.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 481.70 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.08 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.90 164.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 549.17 164.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 152.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 142.46 152.10 Td (price ) Tj ET Q q 0 0 0 rg BT 164.22 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.32 152.10 Td ($2.58 ) Tj ET Q q 0 0 0 rg BT 198.60 152.10 Td (per ) Tj ET Q q 0 0 0 rg BT 213.14 152.10 Td (million ) Tj ET Q q 0 0 0 rg BT 243.81 152.10 Td (Btu ) Tj ET Q q 0 0 0 rg BT 260.03 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.24 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.24 152.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 315.89 152.10 Td (were ) Tj ET Q q 0 0 0 rg BT 337.09 152.10 Td (held ) Tj ET Q q 0 0 0 rg BT 356.08 152.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 391.18 152.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 428.93 152.10 Td (. ) Tj ET Q q 0 0 0 rg BT 433.21 152.10 Td (Btu ) Tj ET Q q 0 0 0 rg BT 449.43 152.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 478.41 152.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 515.73 152.10 Td (by ) Tj ET Q q 0 0 0 rg BT 527.51 152.10 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 140.10 Td (were ) Tj ET Q q 0 0 0 rg BT 125.87 140.10 Td (used ) Tj ET Q q 0 0 0 rg BT 147.14 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.86 140.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 190.79 140.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 217.61 140.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.99 140.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 270.15 140.10 Td (per ) Tj ET Q q 0 0 0 rg BT 285.86 140.10 Td (million ) Tj ET Q q 0 0 0 rg BT 317.69 140.10 Td (Btu ) Tj ET Q q 0 0 0 rg BT 335.08 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.80 140.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 375.96 140.10 Td (per ) Tj ET Q q 0 0 0 rg BT 391.67 140.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 430.72 140.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 455.32 140.10 Td (feet. ) Tj ET Q q 0 0 0 rg BT 475.53 140.10 Td (The ) Tj ET Q q 0 0 0 rg BT 494.02 140.10 Td (pre-NPI ) Tj ET Q q 0 0 0 rg BT 529.18 140.10 Td (volume-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 128.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 142.61 128.10 Td (average ) Tj ET Q q 0 0 0 rg BT 176.14 128.10 Td (price ) Tj ET Q q 0 0 0 rg BT 198.58 128.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 246.57 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.80 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.46 128.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 312.24 128.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 342.46 128.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 377.67 128.10 Td (over ) Tj ET Q q 0 0 0 rg BT 397.88 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.55 128.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 433.89 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.67 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.34 128.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 501.78 128.10 Td (was ) Tj ET Q q 0 0 0 rg BT 519.78 128.10 Td ($1.951 ) Tj ET Q q 0 0 0 rg BT 549.73 128.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 116.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 142.11 116.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 166.26 116.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 183.75 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.58 116.10 Td (gas.) Tj ET Q endstream endobj 253 0 obj <> endobj 254 0 obj <> stream BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.13 740.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 132.62 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.94 740.10 Td (Ad ) Tj ET Q q 0 0 0 rg BT 163.55 740.10 Td (V) Tj ET Q q 0 0 0 rg BT 168.55 740.10 Td (alor) Tj ET Q q 0 0 0 rg BT 184.85 740.10 Td (em ) Tj ET Q q 0 0 0 rg BT 199.01 740.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.65 740.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 716.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 150.64 716.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 174.44 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 197.13 716.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 240.91 716.10 Td (using ) Tj ET Q q 0 0 0 rg BT 265.83 716.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 287.96 716.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 326.76 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 340.02 716.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 374.36 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.11 716.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 423.64 716.10 Td (where ) Tj ET Q q 0 0 0 rg BT 451.32 716.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 502.61 716.10 Td (abatements ) Tj ET Q q 0 0 0 rg BT 550.85 716.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 704.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 144.11 704.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 181.95 704.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 224.44 704.10 Td (Ad ) Tj ET Q q 0 0 0 rg BT 239.52 704.10 Td (valorem ) Tj ET Q q 0 0 0 rg BT 275.14 704.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 298.55 704.10 Td (were ) Tj ET Q q 0 0 0 rg BT 320.83 704.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 364.22 704.10 Td (using ) Tj ET Q q 0 0 0 rg BT 388.75 704.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 410.48 704.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 448.89 704.10 Td (by ) Tj ET Q q 0 0 0 rg BT 461.74 704.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 499.59 704.10 Td (based ) Tj ET Q q 0 0 0 rg BT 525.22 704.10 Td (on ) Tj ET Q q 0 0 0 rg BT 538.08 704.10 Td (recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (payments.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 129.11 668.10 Td (Expenses, ) Tj ET Q q 0 0 0 rg BT 171.32 668.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 203.82 668.10 Td (Costs, ) Tj ET Q q 0 0 0 rg BT 231.05 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.37 668.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 306.42 668.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 644.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 145.32 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.58 644.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 197.28 644.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 238.81 644.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 277.29 644.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.22 644.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 328.15 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.52 644.10 Td (based ) Tj ET Q q 0 0 0 rg BT 371.22 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 384.15 644.10 Td (current ) Tj ET Q q 0 0 0 rg BT 415.40 644.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 456.94 644.10 Td (were ) Tj ET Q q 0 0 0 rg BT 479.30 644.10 Td (held ) Tj ET Q q 0 0 0 rg BT 499.45 644.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 535.71 644.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 644.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 124.23 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.41 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.47 632.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 192.80 632.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 220.75 632.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 249.25 632.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 302.18 632.10 Td (were ) Tj ET Q q 0 0 0 rg BT 323.46 632.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 363.62 632.10 Td (using ) Tj ET Q q 0 0 0 rg BT 387.14 632.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 408.98 632.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 438.87 632.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 476.27 632.10 Td (by ) Tj ET Q q 0 0 0 rg BT 488.11 632.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 522.45 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.80 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.08 632.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 620.10 Td (not ) Tj ET Q q 0 0 0 rg BT 118.31 620.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 153.67 620.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.36 620.10 Td (inflation. ) Tj ET Q q 0 0 0 rg BT 205.77 620.10 Td (In ) Tj ET Q q 0 0 0 rg BT 216.13 620.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 245.37 620.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 271.00 620.10 Td (future ) Tj ET Q q 0 0 0 rg BT 296.90 620.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 352.53 620.10 Td (either ) Tj ET Q q 0 0 0 rg BT 377.32 620.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 404.90 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.26 620.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 440.06 620.10 Td (than ) Tj ET Q q 0 0 0 rg BT 459.31 620.10 Td (current ) Tj ET Q q 0 0 0 rg BT 489.66 620.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 545.28 620.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 608.10 Td (have ) Tj ET Q q 0 0 0 rg BT 125.15 608.10 Td (been ) Tj ET Q q 0 0 0 rg BT 146.81 608.10 Td (used ) Tj ET Q q 0 0 0 rg BT 167.92 608.10 Td (because ) Tj ET Q q 0 0 0 rg BT 202.34 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.45 608.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 260.09 608.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 295.08 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.63 608.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 346.17 608.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 393.11 608.10 Td (but ) Tj ET Q q 0 0 0 rg BT 408.67 608.10 Td (no ) Tj ET Q q 0 0 0 rg BT 421.45 608.10 Td (general ) Tj ET Q q 0 0 0 rg BT 453.65 608.10 Td (escalation ) Tj ET Q q 0 0 0 rg BT 496.41 608.10 Td (that ) Tj ET Q q 0 0 0 rg BT 514.18 608.10 Td (might ) Tj ET Q q 0 0 0 rg BT 540.29 608.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 596.10 Td (from ) Tj ET Q q 0 0 0 rg BT 125.94 596.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 162.83 596.10 Td (was ) Tj ET Q q 0 0 0 rg BT 181.39 596.10 Td (applied. ) Tj ET Q q 0 0 0 rg BT 215.66 596.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 275.32 596.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 300.82 596.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.27 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.48 596.10 Td (those ) Tj ET Q q 0 0 0 rg BT 367.59 596.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 390.60 596.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 434.69 596.10 Td (with ) Tj ET Q q 0 0 0 rg BT 455.48 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.70 596.10 Td (removal ) Tj ET Q q 0 0 0 rg BT 506.47 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.80 596.10 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 584.10 Td (plugging ) Tj ET Q q 0 0 0 rg BT 141.11 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.49 584.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 177.15 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.65 584.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 242.90 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.39 584.10 Td (restoration ) Tj ET Q q 0 0 0 rg BT 304.21 584.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 347.35 584.10 Td (with ) Tj ET Q q 0 0 0 rg BT 367.18 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.45 584.10 Td (abandonment, ) Tj ET Q q 0 0 0 rg BT 439.88 584.10 Td (were ) Tj ET Q q 0 0 0 rg BT 461.36 584.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 498.96 584.10 Td (by ) Tj ET Q q 0 0 0 rg BT 511.01 584.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 548.06 584.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 572.10 Td (were ) Tj ET Q q 0 0 0 rg BT 125.81 572.10 Td (not ) Tj ET Q q 0 0 0 rg BT 141.47 572.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 177.67 572.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.22 572.10 Td (inflation. ) Tj ET Q q 0 0 0 rg BT 231.27 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 249.70 572.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 306.45 572.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 329.33 572.10 Td (were ) Tj ET Q q 0 0 0 rg BT 351.64 572.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 390.07 572.10 Td (by ) Tj ET Q q 0 0 0 rg BT 402.95 572.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 440.82 572.10 Td (at ) Tj ET Q q 0 0 0 rg BT 450.92 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.02 572.10 Td (field ) Tj ET Q q 0 0 0 rg BT 487.22 572.10 Td (level ) Tj ET Q q 0 0 0 rg BT 509.54 572.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 530.19 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.28 572.10 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 560.10 Td (level ) Tj ET Q q 0 0 0 rg BT 124.53 560.10 Td (where ) Tj ET Q q 0 0 0 rg BT 150.56 560.10 Td (appropriate\). ) Tj ET Q q 0 0 0 rg BT 203.41 560.10 Td (These ) Tj ET Q q 0 0 0 rg BT 228.89 560.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 284.36 560.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 305.96 560.10 Td (have ) Tj ET Q q 0 0 0 rg BT 326.44 560.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.82 560.10 Td (been ) Tj ET Q q 0 0 0 rg BT 361.30 560.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 398.98 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.36 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.18 560.10 Td (various ) Tj ET Q q 0 0 0 rg BT 453.22 560.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 495.37 560.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 536.96 560.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 548.10 Td (each ) Tj ET Q q 0 0 0 rg BT 123.68 548.10 Td (field. ) Tj ET Q q 0 0 0 rg BT 146.37 548.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 188.22 548.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 228.69 548.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 257.20 548.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 281.57 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.87 548.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 353.61 548.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 375.47 548.10 Td (were ) Tj ET Q q 0 0 0 rg BT 396.77 548.10 Td (considered, ) Tj ET Q q 0 0 0 rg BT 444.45 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.64 548.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 504.54 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.18 548.10 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 536.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 159.59 536.10 Td (viability ) Tj ET Q q 0 0 0 rg BT 195.42 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.25 536.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 259.84 536.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 295.10 536.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 335.92 536.10 Td (herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.00 512.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.49 512.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 146.72 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.10 512.10 Td (information ) Tj ET Q q 0 0 0 rg BT 210.48 512.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 243.19 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.13 512.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 293.62 512.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 323.56 512.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 360.98 512.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 401.47 512.10 Td (future ) Tj ET Q q 0 0 0 rg BT 427.51 512.10 Td (net ) Tj ET Q q 0 0 0 rg BT 441.90 512.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 475.71 512.10 Td (from ) Tj ET Q q 0 0 0 rg BT 497.32 512.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 527.25 512.10 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.33 500.10 Td (present ) Tj ET Q q 0 0 0 rg BT 97.61 500.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 123.33 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.06 500.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 174.77 500.10 Td (future ) Tj ET Q q 0 0 0 rg BT 201.04 500.10 Td (net ) Tj ET Q q 0 0 0 rg BT 215.65 500.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 249.70 500.10 Td (from ) Tj ET Q q 0 0 0 rg BT 271.53 500.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 301.69 500.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 336.85 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.57 500.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 363.02 500.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 412.34 500.10 Td (NGL, ) Tj ET Q q 0 0 0 rg BT 437.79 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.62 500.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 470.35 500.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 511.61 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.79 500.10 Td (this ) Tj ET Q q 0 0 0 rg BT 538.63 500.10 Td (report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (has ) Tj ET Q q 0 0 0 rg BT 64.83 488.10 Td (been ) Tj ET Q q 0 0 0 rg BT 85.70 488.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 122.68 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.46 488.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 179.41 488.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.19 488.10 Td (Paragraphs ) Tj ET Q q 0 0 0 rg BT 245.62 488.10 Td (932-235-50-4, ) Tj ET Q q 0 0 0 rg BT 305.11 488.10 Td (932-235-50-6, ) Tj ET Q q 0 0 0 rg BT 364.60 488.10 Td (932-235-50-7, ) Tj ET Q q 0 0 0 rg BT 424.08 488.10 Td (932-235-50-9, ) Tj ET Q q 0 0 0 rg BT 483.57 488.10 Td (932-235-50-30, ) Tj ET Q q 0 0 0 rg BT 548.06 488.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (932-235-50-31\(a\), ) Tj ET Q q 0 0 0 rg BT 125.37 476.10 Td (\(b\), ) Tj ET Q q 0 0 0 rg BT 141.80 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.52 476.10 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 171.90 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.51 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.50 476.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 245.43 476.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 287.15 476.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 318.30 476.10 Td (932-235-50, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 369.74 476.10 Td (Extractive ) Tj ET Q q 0 0 0 rg BT 413.11 476.10 Td (Industries ) Tj ET Q q 0 0 0 rg BT 455.38 476.10 Td (� ) Tj ET Q q 0 0 0 rg BT 462.66 476.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 477.72 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.00 476.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 513.39 476.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 521.36 476.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 540.85 476.10 Td (932\): ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.84 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.40 464.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 101.07 464.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 135.28 464.10 Td (Estimation ) Tj ET Q q 0 0 0 rg BT 181.17 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.73 464.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 237.25 464.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.58 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.14 464.10 Td (\(January ) Tj ET Q q 0 0 0 rg BT 285.13 464.10 Td (2010\) ) Tj ET Q q 0 0 0 rg BT 311.02 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.91 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.69 464.10 Td (F) Tj ET Q q 0 0 0 rg BT 341.51 464.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 363.52 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.52 464.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 405.86 464.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 437.85 464.10 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 472.06 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.95 464.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 529.39 464.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 548.06 464.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 75.05 452.10 Td (302\(b\), ) Tj ET Q q 0 0 0 rg BT 106.99 452.10 Td (1201, ) Tj ET Q q 0 0 0 rg BT 132.26 452.10 Td (1202\(a\) ) Tj ET Q q 0 0 0 rg BT 166.14 452.10 Td (\(1\), ) Tj ET Q q 0 0 0 rg BT 183.07 452.10 Td (\(2\), ) Tj ET Q q 0 0 0 rg BT 200.01 452.10 Td (\(3\), ) Tj ET Q q 0 0 0 rg BT 216.94 452.10 Td (\(4\), ) Tj ET Q q 0 0 0 rg BT 233.88 452.10 Td (\(8\), ) Tj ET Q q 0 0 0 rg BT 250.81 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.03 452.10 Td (1203\(a\) ) Tj ET Q q 0 0 0 rg BT 301.90 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.00 452.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 359.66 452.10 Td (S-K ) Tj ET Q q 0 0 0 rg BT 378.55 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.65 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.65 452.10 Td (SEC; ) Tj ET Q q 0 0 0 rg BT 428.54 452.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 469.36 452.10 Td (however) Tj ET Q q 0 0 0 rg BT 503.39 452.10 Td (, ) Tj ET Q q 0 0 0 rg BT 508.66 452.10 Td (that ) Tj ET Q q 0 0 0 rg BT 526.43 452.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 538.65 452.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (income ) Tj ET Q q 0 0 0 rg BT 82.15 440.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.58 440.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 136.89 440.10 Td (have ) Tj ET Q q 0 0 0 rg BT 158.98 440.10 Td (not ) Tj ET Q q 0 0 0 rg BT 174.98 440.10 Td (been ) Tj ET Q q 0 0 0 rg BT 197.07 440.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 221.94 440.10 Td (into ) Tj ET Q q 0 0 0 rg BT 240.71 440.10 Td (account ) Tj ET Q q 0 0 0 rg BT 275.02 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.01 440.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 330.88 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.31 440.10 Td (future ) Tj ET Q q 0 0 0 rg BT 373.41 440.10 Td (net ) Tj ET Q q 0 0 0 rg BT 388.84 440.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 423.70 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.35 440.10 Td (present ) Tj ET Q q 0 0 0 rg BT 473.44 440.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 499.99 440.10 Td (values ) Tj ET Q q 0 0 0 rg BT 528.75 440.10 Td (set ) Tj ET Q q 0 0 0 rg BT 543.07 440.10 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 79.17 428.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 93.56 428.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 132.95 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.46 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.86 428.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 187.81 428.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 231.08 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.70 428.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 277.65 428.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 330.93 428.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 365.86 428.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.25 428.10 Td (not ) Tj ET Q q 0 0 0 rg BT 395.21 428.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 435.71 428.10 Td (at ) Tj ET Q q 0 0 0 rg BT 445.10 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.50 428.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 501.68 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.19 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.58 428.10 Td (year) Tj ET Q q 0 0 0 rg BT 543.39 428.10 Td (, ) Tj ET Q q 0 0 0 rg BT 548.07 428.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 67.00 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.71 416.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 120.87 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.70 416.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 161.40 416.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 193.90 416.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 229.16 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.33 416.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.61 416.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 294.43 416.10 Td (under ) Tj ET Q q 0 0 0 rg BT 319.70 416.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 340.54 416.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 85.50 392.10 Td (T) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 90.91 392.10 Td (o ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 98.59 392.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 113.49 392.10 Td (extent ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 140.60 392.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 155.50 392.10 Td (above-enumerated ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 232.03 392.10 Td (rules, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 256.65 392.10 Td (regulations, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 306.26 392.10 Td (and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 323.38 392.10 Td (statements ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 368.27 392.10 Td (require ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 399.27 392.10 Td (determinations ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 461.38 392.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 472.39 392.10 Td (an ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 484.51 392.10 Td (accounting ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 531.06 392.10 Td (or ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 542.07 392.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 380.10 Td (nature, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 78.43 380.10 Td (we, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 94.04 380.10 Td (as ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 103.82 380.10 Td (engineers, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 146.08 380.10 Td (are ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 159.73 380.10 Td (necessarily ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 205.60 380.10 Td (unable ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 233.70 380.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 242.93 380.10 Td (express ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 274.37 380.10 Td (an ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 285.25 380.10 Td (opinion ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 317.26 380.10 Td (as ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 327.03 380.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 336.26 380.10 Td (whether ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 369.91 380.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 383.57 380.10 Td (above-described ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 450.54 380.10 Td (information ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 499.20 380.10 Td (is ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 507.32 380.10 Td (in ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 516.54 380.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 368.10 Td (therewith ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 89.76 368.10 Td (or ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 100.59 368.10 Td (suf) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 112.63 368.10 Td (ficient ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 140.68 368.10 Td (therefor) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 171.77 368.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 342.53505859375 m 156.736328125 342.53505859375 l s q 0 0 0 rg BT 49.50 344.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 94.22 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.05 344.10 Td (Conclusions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 320.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.52 320.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 142.32 320.10 Td (net ) Tj ET Q q 0 0 0 rg BT 156.01 320.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 185.25 320.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 221.98 320.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.79 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.59 320.10 Td (December ) Tj ET Q q 0 0 0 rg BT 284.15 320.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 298.13 320.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 322.10 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.91 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.60 320.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 387.06 320.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 426.84 320.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 453.30 320.10 Td (were ) Tj ET Q q 0 0 0 rg BT 474.21 320.10 Td (based ) Tj ET Q q 0 0 0 rg BT 498.45 320.10 Td (on ) Tj ET Q q 0 0 0 rg BT 509.92 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 320.10 Td (definition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.71 308.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 91.36 308.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 127.00 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.21 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.30 308.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 174.52 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.84 308.10 Td (are ) Tj ET Q q 0 0 0 rg BT 206.93 308.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 258.68 308.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.89 308.10 Td (follows, ) Tj ET Q q 0 0 0 rg BT 305.27 308.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 347.58 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.24 308.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 401.12 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.33 308.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 442.41 308.10 Td (\(Mbbl\), ) Tj ET Q q 0 0 0 rg BT 476.12 308.10 Td (millions ) Tj ET Q q 0 0 0 rg BT 511.79 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.00 308.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 547.53 308.10 Td (feet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (\(MMcf\), ) Tj ET Q q 0 0 0 rg BT 86.71 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.65 296.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 146.15 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.98 296.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 186.69 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.52 296.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 210.57 296.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 254.72 296.10 Td (\(Mboe\):) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.50 198.60 304.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 198.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 198.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 422.50 198.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 426.50 198.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 491.50 198.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.50 198.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.50 169.60 304.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 169.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 169.60 64.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 422.50 169.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 426.50 169.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 491.50 169.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.50 169.60 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 271.6 m 422.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 271.6 m 426.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 271.6 m 491.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 271.6 m 495.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 271.6 m 560.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 245.60000000000002 m 422.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 245.60000000000002 m 426.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 245.60000000000002 m 491.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 245.60000000000002 m 495.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 245.60000000000002 m 560.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 212.60000000000002 m 422.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 212.60000000000002 m 491.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 212.60000000000002 m 560.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 184.60000000000002 m 422.5 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 184.60000000000002 m 491.5 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 184.60000000000002 m 560.5 184.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.95 276.28 Td (Estimated by DeGolyer) Tj ET Q q 0 0 0 rg BT 467.75 276.28 Td ( and MacNaughton) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 262.28 Td (Net Post-NPI Pr) Tj ET Q q 0 0 0 rg BT 463.49 262.28 Td (oved Reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.55 250.28 Td (as of December) Tj ET Q q 0 0 0 rg BT 472.90 250.28 Td ( 31, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.40 227.28 Td (T) Tj ET Q q 0 0 0 rg BT 367.15 227.28 Td (otal Liquids) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 217.28 Td (\(Mbbl\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.05 227.28 Td (Sales Gas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.80 217.28 Td (\(MMcf\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.80 236.33 Td (Oil ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.15 226.33 Td (Equivalent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.95 216.33 Td (\(Mboe\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 203.17 Td (Proved Developed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 203.17 Td (202,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 203.17 Td (24,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 203.17 Td (206,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 189.17 Td (Proved Undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 189.17 Td (23,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 189.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 189.17 Td (23,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 160.33 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 160.33 Td (otal Pr) Tj ET Q q 0 0 0 rg BT 87.73 160.33 Td (oved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 160.33 Td (226,133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 160.33 Td (24,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 160.33 Td (230,189) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 133.10 Td (Notes: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 121.10 Td (1. Sales gas reserves estimated herein were converted to oil equivalent using an ener) Tj ET Q q 0 0 0 rg BT 422.98 121.10 Td (gy equivalent factor of 6,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 109.10 Td (cubic feet of gas per 1 barrel of oil equivalent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 97.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 95.32 97.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.73 97.10 Td (otal liquids include 3,582 Mbbl of proved developed NGL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 73.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.59 73.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 132.12 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.66 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.63 73.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 173.72 73.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 209.23 73.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 238.11 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.64 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.62 73.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 305.25 73.10 Td (tabulation, ) Tj ET Q q 0 0 0 rg BT 350.50 73.10 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 388.27 73.10 Td (s ) Tj ET Q q 0 0 0 rg BT 394.92 73.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.89 73.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 440.42 73.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 470.38 73.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 503.14 73.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.22 73.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 554.74 73.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 98.29 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.71 61.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.55 61.10 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 160.83 61.10 Td (as ) Tj ET Q q 0 0 0 rg BT 172.37 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.92 61.10 Td (December ) Tj ET Q q 0 0 0 rg BT 228.22 61.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.94 61.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 269.66 61.10 Td (were ) Tj ET Q q 0 0 0 rg BT 292.30 61.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 333.84 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.84 61.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.50 61.10 Td (4,933,647 ) Tj ET Q q 0 0 0 rg BT 400.71 61.10 Td (MMcf. ) Tj ET Q q 0 0 0 rg BT 431.75 61.10 Td (This ) Tj ET Q q 0 0 0 rg BT 452.75 61.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 485.96 61.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 522.50 61.10 Td (4,542,964 ) Tj ET Q endstream endobj 255 0 obj <> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 79.41 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.10 740.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 137.55 740.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 174.67 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.46 740.10 Td (390,683 ) Tj ET Q q 0 0 0 rg BT 230.32 740.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 260.23 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.92 740.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 328.37 740.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 367.99 740.10 Td (Denbury�) Tj ET Q q 0 0 0 rg BT 405.76 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 414.01 740.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 446.14 740.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 477.70 740.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 512.06 740.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 529.74 740.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 98.03 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.80 728.10 Td (its ) Tj ET Q q 0 0 0 rg BT 121.25 728.10 Td (working ) Tj ET Q q 0 0 0 rg BT 157.57 728.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 190.00 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 212.42 728.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 253.74 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.51 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 276.94 728.10 Td (4,696,934 ) Tj ET Q q 0 0 0 rg BT 319.94 728.10 Td (MMcf, ) Tj ET Q q 0 0 0 rg BT 350.99 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.31 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 389.74 728.10 Td (4,214,563 ) Tj ET Q q 0 0 0 rg BT 432.74 728.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 461.28 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 476.49 728.10 Td (developed. ) Tj ET Q q 0 0 0 rg BT 522.86 728.10 Td (The ) Tj ET Q q 0 0 0 rg BT 541.40 728.10 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.47 716.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 108.87 716.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 141.06 716.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 176.02 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.88 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.29 716.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 244.80 716.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 286.98 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 308.61 716.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 349.12 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.10 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 370.74 716.10 Td (8,147,062 ) Tj ET Q q 0 0 0 rg BT 412.93 716.10 Td (MMcf, ) Tj ET Q q 0 0 0 rg BT 443.18 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.71 716.10 Td (which ) Tj ET Q q 0 0 0 rg BT 480.34 716.10 Td (7,652,062 ) Tj ET Q q 0 0 0 rg BT 522.54 716.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 550.29 716.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (developed. ) Tj ET Q q 0 0 0 rg BT 94.93 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 112.45 704.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 142.20 704.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 171.38 704.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 203.36 704.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 238.09 704.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 278.39 704.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 305.35 704.10 Td (were ) Tj ET Q q 0 0 0 rg BT 326.76 704.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 363.71 704.10 Td (using ) Tj ET Q q 0 0 0 rg BT 387.36 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.55 704.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 436.29 704.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 481.04 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.35 704.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 516.10 704.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 547.51 704.10 Td (\(1\)-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (\(32\) ) Tj ET Q q 0 0 0 rg BT 68.66 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.49 692.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 125.87 692.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 144.49 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.32 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.03 692.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 193.37 692.10 Td (No ) Tj ET Q q 0 0 0 rg BT 208.09 692.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 242.24 692.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 281.95 692.10 Td (have ) Tj ET Q q 0 0 0 rg BT 303.33 692.10 Td (been ) Tj ET Q q 0 0 0 rg BT 324.71 692.10 Td (made ) Tj ET Q q 0 0 0 rg BT 348.86 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.02 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.74 692.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 407.44 692.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 439.94 692.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.52 668.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 144.31 668.10 Td (future ) Tj ET Q q 0 0 0 rg BT 170.66 668.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 204.77 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.02 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 226.93 668.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 259.39 668.10 Td (from ) Tj ET Q q 0 0 0 rg BT 281.30 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.98 668.10 Td (production ) Tj ET Q q 0 0 0 rg BT 341.78 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.69 668.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 376.71 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.51 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.19 668.10 Td (net ) Tj ET Q q 0 0 0 rg BT 416.88 668.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 447.12 668.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 484.85 668.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.65 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.45 668.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 668.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 74.67 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.67 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.56 656.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 143.22 656.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 184.20 656.10 Td (using ) Tj ET Q q 0 0 0 rg BT 208.55 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.44 656.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 267.21 656.10 Td (established ) Tj ET Q q 0 0 0 rg BT 314.32 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 326.99 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.88 656.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 362.89 656.10 Td (is ) Tj ET Q q 0 0 0 rg BT 372.23 656.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 423.78 656.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.78 656.10 Td (follows, ) Tj ET Q q 0 0 0 rg BT 469.95 656.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 512.05 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.50 656.10 Td (thousands ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 644.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 90.05 644.10 Td (\(M$\):) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 605.60 310.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 605.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 363.00 605.60 111.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 474.00 605.60 88.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 577.60 310.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 577.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 363.00 577.60 111.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 474.00 577.60 88.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 549.60 310.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 549.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 363.00 549.60 111.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 474.00 549.60 88.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 619.6 m 474 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 619.6 m 562 619.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.50 624.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 377.96 624.28 Td (oved Developed \(M$\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.30 624.28 Td (T) Tj ET Q q 0 0 0 rg BT 484.05 624.28 Td (otal Pr) Tj ET Q q 0 0 0 rg BT 513.03 624.28 Td (oved \(M$\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 51.50 610.17 Td (Future Gross Revenue \(Post-NPI\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 425.15 610.17 Td (1) Tj ET Q q 0 0 0 rg BT 430.15 610.17 Td (1,146,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 610.17 Td (12,494,358) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 51.50 596.17 Td (Production and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 114.55 596.17 Td (Ad ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 128.90 596.17 Td (V) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 135.48 596.17 Td (alorem ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 165.10 596.17 Td (T) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 170.77 596.17 Td (axes) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 437.65 596.17 Td (834,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 596.17 Td (912,71) Tj ET Q q 0 0 0 rg BT 553.15 596.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 51.50 582.17 Td (Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 430.15 582.17 Td (5,438,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 582.17 Td (5,900,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 568.17 Td (Capital Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 568.17 Td (414,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 568.17 Td (770,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 554.17 Td (Abandonment Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 554.17 Td (649,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 554.17 Td (664,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 540.17 Td (Future Net Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 540.17 Td (3,810,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 540.17 Td (4,245,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 526.17 Td (Present ) Tj ET Q q 0 0 0 rg BT 83.26 526.17 Td (W) Tj ET Q q 0 0 0 rg BT 91.90 526.17 Td (orth at 10 Percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 526.17 Td (2,498,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 526.17 Td (2,615,668) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (Note: Future income taxes have not been taken into account in the preparation of these estimates.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 85.50 474.10 Td (While ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 113.31 474.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 128.89 474.10 Td (oil ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 142.82 474.10 Td (and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 160.63 474.10 Td (gas ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 177.33 474.10 Td (industry ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 213.48 474.10 Td (may ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 234.07 474.10 Td (be ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 246.88 474.10 Td (subject ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 278.58 474.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 289.73 474.10 Td (regulatory ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 334.19 474.10 Td (changes ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 369.77 474.10 Td (from ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 392.58 474.10 Td (time ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 413.73 474.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 424.88 474.10 Td (time ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 446.02 474.10 Td (that ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 464.39 474.10 Td (could ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 489.98 474.10 Td (af) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 497.57 474.10 Td (fect ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 515.92 474.10 Td (an ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 528.73 474.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 462.10 Td (participant�) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 95.04 462.10 Td (s ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 101.31 462.10 Td (ability ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 129.24 462.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 139.40 462.10 Td (recover ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 171.76 462.10 Td (its ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 183.59 462.10 Td (reserves, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 221.23 462.10 Td (we ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 235.27 462.10 Td (are ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 249.86 462.10 Td (not ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 265.02 462.10 Td (aware ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 291.27 462.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 301.98 462.10 Td (any ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 318.80 462.10 Td (such ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 339.52 462.10 Td (governmental ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 396.88 462.10 Td (actions ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 427.59 462.10 Td (which ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 454.41 462.10 Td (would ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 481.79 462.10 Td (restrict ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 511.93 462.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 526.53 462.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 450.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 60.33 450.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 75.05 450.10 Td (December ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 118.63 450.10 Td (31, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 133.63 450.10 Td (2019, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 158.63 450.10 Td (estimated ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 199.45 450.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 85.50 426.10 Td (DeGolyer ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 126.84 426.10 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 143.18 426.10 Td (MacNaughton ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 202.29 426.10 Td (is ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 210.87 426.10 Td (an ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 222.22 426.10 Td (independent ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 273.00 426.10 Td (petroleum ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 315.44 426.10 Td (engineering ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 364.55 426.10 Td (consulting ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 408.12 426.10 Td (firm ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 427.25 426.10 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 444.15 426.10 Td (has ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 459.39 426.10 Td (been ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 480.17 426.10 Td (providing ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 520.96 426.10 Td (petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 414.10 Td (consulting ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 93.38 414.10 Td (services ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 127.81 414.10 Td (throughout ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 173.91 414.10 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 188.34 414.10 Td (world ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 213.89 414.10 Td (since ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 236.65 414.10 Td (1936. ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 261.37 414.10 Td (DeGolyer ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 303.02 414.10 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 319.67 414.10 Td (MacNaughton ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 379.09 414.10 Td (does ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 399.64 414.10 Td (not ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 414.64 414.10 Td (have ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 435.73 414.10 Td (any ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 452.39 414.10 Td (financial ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 489.58 414.10 Td (interest, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 523.73 414.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 402.10 Td (stock ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 73.17 402.10 Td (ownership, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 119.90 402.10 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 130.24 402.10 Td (Denbury) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 164.58 402.10 Td (. ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 169.64 402.10 Td (Our ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 187.76 402.10 Td (fees ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 206.42 402.10 Td (were ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 228.41 402.10 Td (not ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 243.75 402.10 Td (contingent ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 288.53 402.10 Td (on ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 301.09 402.10 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 315.87 402.10 Td (results ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 344.54 402.10 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 355.44 402.10 Td (our ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 371.33 402.10 Td (evaluation. ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 417.86 402.10 Td (This ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 438.20 402.10 Td (report ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 464.64 402.10 Td (has ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 480.54 402.10 Td (been ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 501.98 402.10 Td (prepared ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 539.52 402.10 Td (at ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 549.30 402.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 390.10 Td (request ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 79.69 390.10 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 89.32 390.10 Td (Denbury) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 123.67 390.10 Td (. ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 127.47 390.10 Td (DeGolyer ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 168.21 390.10 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 183.96 390.10 Td (MacNaughton ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 242.47 390.10 Td (has ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 257.11 390.10 Td (used ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 276.75 390.10 Td (all ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 288.05 390.10 Td (assumptions, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 341.31 390.10 Td (data, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 361.78 390.10 Td (procedures,) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 408.14 390.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 409.45 390.10 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 425.20 390.10 Td (methods ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 460.39 390.10 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 476.70 390.10 Td (it ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 483.56 390.10 Td (considers ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 522.64 390.10 Td (necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 378.10 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 66.44 378.10 Td (appropriate ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 114.47 378.10 Td (to ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 124.75 378.10 Td (prepare ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 157.22 378.10 Td (this ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 174.17 378.10 Td (report.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 327.6 m 563 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 327.6 m 563 327.6 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 345.50 346.17 Td (Submitted,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 332.17 Td (/s/ DeGolyer and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 318.17 Td (DeGolyer and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 345.50 308.17 Td (T) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 350.91 308.17 Td (exas Registered Engineering Firm F-716) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 255.60000000000002 m 563 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 255.60000000000002 m 563 255.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 260.17 Td (/s/ Gregory K. 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