| ...Business Strategy |
| Growth of
Proved Reserve Portfolio |
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| • | Acquisitions |
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| – | Typical
Transaction size of $5 - $20 MM |
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| – | Exhibit
additional recompletion, development and exploratory potential |
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| – | Focus
on operated properties; control well operations and development |
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| • | Development
and Exploitation |
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| – | Re-engineering: lower recurring operating cost; increase
production or |
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| arrest
decline |
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| – | Comprehensive
field studies: traditional and 3-D
supported |
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| – | Development
drilling, enhanced recovery |
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| – | Cost
control |
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