| ...Business Strategy |
| Maintain
Low Cost Structure |
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| • | Geographic
focus - Texas and Louisiana - maximizes operating |
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| efficiencies,
minimizes costs |
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| • | Control
operations |
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| • | Selling
participations in prospects spreads cost and risk; earns |
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| promoted
interest |
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| • | Institutional
or industry partnerships on large acquisitions; |
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| provides
diversification, operating overhead and promoted |
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| interest |
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| • | Reduced
G&A expense |
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