<SUBMISSION>
<ACCESSION-NUMBER>0000893538-07-000021
<TYPE>8-K/A
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20070226
<ITEMS>2.02
<ITEMS>9.01
<FILING-DATE>20070226
<DATE-OF-FILING-DATE-CHANGE>20070226
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ST MARY LAND & EXPLORATION CO
<CIK>0000893538
<ASSIGNED-SIC>1311
<IRS-NUMBER>410518430
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K/A
<ACT>34
<FILE-NUMBER>001-31539
<FILM-NUMBER>07648452
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1776 LINCOLN ST STE 700
<CITY>DENVER
<STATE>CO
<ZIP>80203
<PHONE>303-861-8140
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>asci022607_8ka.htm
<DESCRIPTION>8-K/A - CORRECT 02/23/07 8-K
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>UNITED STATES</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SECURITIES AND EXCHANGE COMMISSION</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Washington, D.C. 20549</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font SIZE=2>FORM 8-K/A</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font SIZE=2>CURRENT REPORT</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Date of Report (Date of earliest event reported)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>February 26, 2007 (February 22, 2007)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>St. Mary Land &amp; Exploration Company</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of registrant as specified in its charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Delaware</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>001-31539</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>41-0518430</font></p> </td> </tr>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>(State or other jurisdiction</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>(Commission</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>(I.R.S. Employer</font></p> </td> </tr>
    <tr >
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>of incorporation)</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>File Number)</font></p> </td>
        <td width="213" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>Identification No.)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>1776 Lincoln Street, Suite 700, Denver, Colorado 80203</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Address of principal executive offices)</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>(Zip Code)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Registrant&#146;s telephone number, including area code: (303) 861-8140</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Not applicable</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Former name or former address, if changed since last report.)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font SIZE=2>EXPLANATORY NOTE:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>This amendment on Form 8-K/A to the registrant&#146;s Form 8-K dated February 22, 2007, and filed on February 23, 2007, is solely to refile the Form 8-K with the correct description of the press release reported in the original Form 8-K, which inadvertently included an incorrect first sentence under Item 2.02 Results of Operations and Financial Condition.  Changes have been made to the first sentence under Item 2.02 to correct the description of the press release, but no other changes have been made to the body or exhibit to the original Form 8-K.</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="437" style='border-collapse:collapse'>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Item 2.02</font></b></p> </td>
        <td width="341" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Results of Operations and Financial Condition.</font></b></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>On February 22, 2007, St. Mary issued a press release announcing its results of operations for the fourth quarter and full year of 2006.  A copy of the press release is furnished as Exhibit 99.1 to this report.  As indicated in the press release, the Company has scheduled a related 2006 year-end earnings teleconference call for February 23, 2007, at 8:00 a.m. (MST).  The teleconference call is publicly accessible, and the press release includes instructions as to when and how to access the teleconference and the location on the Company&#146;s web site where the teleconference information will be available.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>In accordance with General Instruction B.2. of Form 8-K, the following information, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such a filing.</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Item 9.01</font></b></p> </td>
        <td width="259" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Financial Statements and Exhibits.</font></b></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(d)</font></p> </td>
        <td width="440" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Exhibits.  The following exhibit is furnished as part of this report:</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Exhibit 99.1</font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Press release, dated February 22, 2007, issued by St. Mary Land &amp; Exploration Company.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font SIZE=2>SIGNATURES</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.4in;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>ST. MARY LAND &amp; EXPLORATION COMPANY</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date:  February 26, 2007</font></p> </td>
        <td width="35" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:  </font></p> </td>
        <td  colspan="4" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ MARK T. SOLOMON</font></u></p> </td> </tr>
    <tr >
        <td   colspan="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Mark T. Solomon</font></p> </td>
        <td  width="63">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td>
        <td width="85" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Controller</font></p> </td>
        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
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        <td width="1" ></td>

        <td width="85" ></td>

        <td width="39" ></td>

        <td width="63" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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<TYPE>EX-99
<SEQUENCE>2
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<DESCRIPTION>EXHIBIT 99.1 02/22/07 PRESS RELEASE
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#FF0000">&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="108" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b>Exhibit 99.1</b></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><b>For Information</b></u></p> </td> </tr>
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        <td width="432" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>Brent A. Collins</p> </td>
        <td  width="9">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
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        <td width="432" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="120" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'>303-861-8140</p> </td>
        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
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        <td width="9" ></td>

        <td width="9" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font FACE="ARIAL" SIZE=2>FOR IMMEDIATE RELEASE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B>ST. MARY REPORTS RESULTS FOR </B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B>THE FULL YEAR AND FOURTH QUARTER 2006</B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b>DENVER, February 22, 2007 </b>&#150; St. Mary Land &amp; Exploration Company (NYSE: SM) today reports earnings for the year ended 2006 of $190.0 million, or $2.94 per diluted share.</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>Tony Best, President, commented, &#147;2006 was a record setting year for the Company on several fronts, and we also set the table for significant future growth.  We achieved record annual net income, discretionary cash flow, and production, both in absolute terms and on a per share basis.  We exited 2006 with the highest quarterly production in our history for both oil and natural gas.  We also ended 2006 with proved reserves of 927.6 BCFE, a 17 percent increase year on year.  Most importantly, our activities in 2006 set up opportunities for growth in 2007 and beyond.  We acquired oil and gas properties in the Sweetie Peck Field in the Permian Basin which provide another multi-year drilling program for the Company.  We also advanced our cornerstone programs in the horizontal Arkoma, at Hanging Woman Basin, at Elm Grove Field, and at Northeast Mayfield.  Finally, on the financial side, the Company repurchased 3.3 million
shares of common stock in the second quarter at a discount to our assessed net asset value at the time and locked in the economic value by hedging a commensurate percentage of production.&#148;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font FACE="ARIAL" SIZE=2>FULL YEAR AND FOURTH QUARTER EARNINGS </font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>St. Mary announces full year 2006 earnings of $190.0 million or $2.94 per diluted share.  Full year 2005 earnings were $151.9 million or $2.33 per diluted share.  Earnings for the 2006 period include a non-cash, after-tax gain of $4.4 million, or $0.07 per diluted share, related to the exchange of oil and gas properties that closed in the second quarter of 2006.  The non-cash, after-tax charge related to the change in the Company&#146;s Net Profits Plan liability was $15.2 million, or $0.23 per diluted share, for 2006, as compared to $68.0 million, or $1.02 per diluted share, in 2005.  The direction and magnitude of the change in the Net Profits Plan liability reflect commodity price movements during each respective measurement period.  Revenues for the year were $787.7 million compared to $739.6 million for 2005.  Discretionary cash flow<sup>(1)</sup> increased to $525.1 million in 2006 from $462.0 million in 2005.  Net
cash provided by operating activities was $467.7 million in 2006 compared to $409.4 million in the prior year.  </p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>Daily oil and gas production during 2006 averaged 254 million cubic feet of gas equivalent (MMCFE), an increase from 239 MMCFE/D in 2005.  Average realized prices, inclusive of hedging activities, during the year were $7.37 per Mcf and $56.60 per barrel.  The realized prices were 7 percent lower and 11 percent higher, respectively, than the realized prices in 2005.  Average prices excluding hedging activities were $6.58 per Mcf and $59.33 per barrel during the year, which were 19 percent lower and 12 percent higher, respectively, than last year.</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>Earnings for the fourth quarter of 2006 were $43.5 million, down from $51.2 million for the same period the preceding year.  The non-cash, after-tax charge related to the change in the Company&#146;s Net Profits Plan liability was $4.1 million, or $0.06 per diluted share, for the fourth quarter of 2006.  The fourth quarter 2005 charge, net of tax, for the Net Profits Plan was $22.4 million, or $0.33 per diluted share.  Revenues for the quarter were $202.7 million compared to $227.9 million for the corresponding period in 2005.  Discretionary cash flow<sup>(1)</sup> decreased to $126.4 million in the fourth quarter of 2006 from $141.0 million in the same period of the preceding year.  Net cash provided by operating activities was $150.2 million in the fourth quarter of 2006 compared to $107.2 million in the same period of the prior year.  </p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>Daily oil and gas production during the fourth quarter averaged 273 MMCFE, driven by record production for both natural gas and oil, an increase from 238 MMCFE/D in the fourth quarter of 2005.  The Company has increased production each successive quarter over the last year.  Average realized prices for the quarter, inclusive of hedging activities, were $7.20 per Mcf and $51.57 per barrel, 33 percent and 4 percent lower, respectively, than the realized prices in the fourth quarter of 2005.  Average prices excluding hedging activities in the fourth quarter were $6.25 per Mcf and $52.39 per barrel, which are 46 percent and 6 percent lower, respectively, than the same period of last year.</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>Operational updates for the fourth quarter 2006 were provided in the January 25, 2007 press release.  </p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font FACE="ARIAL" SIZE=2>EARNINGS CONFERENCE CALL</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>As previously announced, the St. Mary fourth quarter earnings teleconference call is scheduled for February 23, 2007 at 8:00 am (MST).  The call participation number is 888-424-5231.  A replay of the conference call will be available two hours after the completion of the call, 24 hours a day through March 9 at 800-642-1687, conference number 6342865.  International participants can dial 706-634-6088 to take part in the conference call, and can access a replay of the call at 706-645-9291, conference number 6342865.  In addition the call will be broadcast live at St. Mary&#146;s website at <font face="Arial" size=2>www.stmaryland.com</font> and this press release and financial highlights attachment will be available before the call at <font face="Arial" size=2>www.stmaryland.com</font> under &#147;News&#151;Press Releases.&#148;  An audio recording of the conference call will be available at that site through March 9.</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font face="Arial" size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><font FACE="ARIAL" SIZE=2>INFORMATION ABOUT FORWARD LOOKING STATEMENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font face="Arial" size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>2</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font face="Arial" size=2>This release contains forward looking statements within the meaning of securities laws, including forecasts and projections.  The words &#147;will,&#148; &#147;believe,&#148; &#148;budget,&#148; &#147;anticipate,&#148; &#147;intend,&#148; &#147;estimate,&#148; &#147;forecast,&#148; &#148;plan,&#148; and &#147;expect&#148; and similar expressions are intended to identify forward looking statements.  These statements involve known and unknown risks, which may cause St. Mary&#146;s actual results to differ materially from results expressed or implied by the forward looking statements.  These risks include such factors as the </font>volatility and level of oil and natural gas prices,<font face="Arial" size=2> the uncertain nature of the expected benefits from the acquisition of oil and gas properties and the ability to successfully integrate acquisitions, the potential effects of increased levels of
debt financing, the imprecise nature of estimating oil and gas reserves, the availability of additional economically attractive exploration, development, and property acquisition opportunities for future growth and any necessary financings,</font> <font face="Arial" size=2>and other such matters discussed in the &#147;Risk Factors&#148; section of St. Mary&#146;s 2005 Annual Report on Form 10-K filed with the SEC, the 2006 Annual Report on Form 10-K expected to be filed with the SEC on or about February 23, 2007, and subsequent Quarterly Reports on Form 10-Q to be filed with the SEC.  Although St. Mary may from time to time voluntarily update its prior forward looking statements, it disclaims any commitment to do so except as required by securities laws.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font face="Arial" size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=2>(1)</font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=2>Discretionary cash flow is computed as net income plus depreciation, depletion, amortization, ARO accretion, impairments, deferred taxes, exploration expense, stock-based compensation expense, and non-cash changes in the Net Profits Plan liability less the effect of unrealized derivative loss.  See the attached financial highlights for a reconciliation of discretionary cash flow to net cash provided by operating activities, a presentation of other cash flow information, and a statement indicating why management believes the presentation of the non-GAAP measure of discretionary cash flow provides useful information to investors.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in; text-indent:-0.19in;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font FACE="ARIAL" SIZE=2>PR-07-03</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font face="Arial" size=2>###</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>3</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="707" style='margin-left:0pt;border-collapse:collapse'>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="10" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=2>ST. MARY LAND &amp; EXPLORATION COMPANY</font></b></p> </td> </tr>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="10" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font FACE="ARIAL" SIZE=2>FINANCIAL HIGHLIGHTS</font></B></p> </td> </tr>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="10" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=2>December 31, 2006</font></b></p> </td> </tr>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="10" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>(Unaudited)</font></p> </td> </tr>
    <tr style='height:.1in'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.1in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.95pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><U><B><font FACE="ARIAL" SIZE=2>PRODUCTION DATA</font></B></U><u></u></p> </td>
        <td  nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>For the Three Months </font></b></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="4" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>For the Years </font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Ended December 31,</font></b></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Percent</font></p> </td>
        <td  nowrap colspan="4" valign=bottom style='border: none;border-bottom:solid black 1.0pt;border-color:gray; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Ended December 31,</font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Percent</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Change</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Change</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Average realized price, net of hedging:</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Oil (per Bbl)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          51.57 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$        53.46 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-4%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$        56.60 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$        50.93 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>11%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Gas (per Mcf)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$            7.20 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$        10.74 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-33%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          7.37 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          7.90 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-7%</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Production:</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Oil (MBbls)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,603 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,531 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>5%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>6,057 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:26.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>5,927 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>2%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Gas (MMcf)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>15,454 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>12,676 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>22%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>56,448 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>51,801 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>9%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font FACE="ARIAL" SIZE=1>MMCFE (6:1)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>25,072 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>21,862 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>15%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>92,788 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>87,363 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>6%</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Daily production:</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Oil (Bbls per day)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>17,424 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>16,640 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>5%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>16,594 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>16,238 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>2%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Gas (Mcf per day)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>167,975 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>137,788 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>22%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>154,652 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>141,922 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>9%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>MCFE per day (6:1)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>272,518 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>237,630 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>15%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>254,214 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>239,352 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>6%</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Margin analysis per MCFE:</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Average realized price, net of hedging</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:6.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$           7.73 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          9.97 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-22%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$         8.18 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          8.14 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Lease operating expense and transportation</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:33.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1.36 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1.21 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>12%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:27.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1.37 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1.08 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>27%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Production taxes</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:33.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.51 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.74 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-31%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:27.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.54 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.56 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-4%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>General and administrative costs</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:33.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.32 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.44 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>-27%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:27.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.42 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>0.37 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>14%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:1.55pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Operating margin</font></p> </td>
        <td width="78" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:6.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$           5.54 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          7.58 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>-27%</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          5.85 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='border-top: solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt; border-right:none;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          6.13 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>-5%</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Depletion, depreciation and amortization</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:6.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$           1.77 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          1.46 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>21%</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          1.67 </font></p> </td>
        <td width="16" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          1.52 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>10%</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:7.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.2in'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><U><B><font FACE="ARIAL" SIZE=2>INCOME STATEMENT</font></B></U><u></u></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.2in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>(In thousands, except per share amounts)</font></p> </td>
        <td  nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>For the Three Months </font></b></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="4" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>For the Years </font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=bottom style=' border-bottom:solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Ended December 31,</font></b></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="4" valign=bottom style='border: none;border-bottom:solid black 1.0pt;border-color:gray; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Ended December 31,</font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='border-bottom: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-bottom: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Operating revenues:</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Oil and gas production revenue</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$      180,556 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    231,609 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    730,737 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    733,544 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Oil and gas hedge gain (loss)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>13,368 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (13,572)</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>28,176 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (22,539)</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Marketed gas revenue</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>7,850 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>8,672 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>20,936 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>25,269 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Gain (loss) on sale of proved properties</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (323)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:36.75pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>2 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>6,910 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>222 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Other revenue</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,241 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,183 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>942 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>3,094 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.1pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Total operating revenues</font></p> </td>
        <td width="78" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>202,692 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>227,894 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>787,701 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>739,590 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Operating expenses:</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Oil and gas production expense</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>47,100 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>42,455 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>176,590 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>142,873 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:18.7pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Depletion, depreciation, amortization, and asset  </font></p>
<p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>retirement obligation liability accretion</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>44,404 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>31,825 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>154,522 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>132,758 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Exploration</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>16,017 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>17,457 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>51,889 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>44,931 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Impairment of proved properties</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>684 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:40.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-   </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>7,232 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:40.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>-   </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Abandonment and impairment of unproved properties</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>933 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,274 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>4,301 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>5,780 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>General and administrative</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>7,933 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>9,517 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>38,873 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>32,756 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Change in Net Profits Plan liability</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>6,389 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>35,010 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>23,759 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>106,263 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Marketed gas operating expense</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>7,377 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>8,557 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>18,526 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>24,164 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Unrealized derivative loss </font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,765 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>305 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>7,094 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,615 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Other expense</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>817 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>494 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>2,649 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>2,456 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.1pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Total operating expenses</font></p> </td>
        <td width="78" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:21.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>133,419 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>146,894 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>485,435 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>493,596 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Income from operations</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:22.5pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>69,273 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>81,000 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>302,266 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>245,994 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Nonoperating income (expense):</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Interest income</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:35.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>122 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>193 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>1,576 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>456 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Interest expense</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (3,423)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:18.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (1,651)</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (8,521)</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:18.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (8,213)</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Income before income taxes</font></p> </td>
        <td width="78" nowrap valign=bottom style='border-top: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:25.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>65,972 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>79,542 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-top: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>295,321 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top: solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:15.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>238,237 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Current income tax expense</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>12,220 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>32,242 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>30,474 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>80,754 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Deferred income tax expense (benefit)</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>10,220 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:18.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (3,938)</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>74,832 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>5,547 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font face="Arial" size=1>Net income</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$        43,532 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$      51,238 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    190,015 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    151,936 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:1.5pt;margin-bottom: 0in'><b><font face="Arial" size=1>Basic weighted-average common shares outstanding</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>55,480 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>56,807 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>56,291 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>56,907 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:9.0pt;text-indent:-9.0pt;text-align:left;margin-top:1.5pt;margin-bottom: 0in'><b><font face="Arial" size=1>Diluted weighted-average common shares outstanding</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:24.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>64,886 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>66,949 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>65,962 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>66,894 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font face="Arial" size=1>Basic net income per common share</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$            0.78 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          0.91 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          3.38 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          2.67 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><b><font face="Arial" size=1>Diluted net income per common share</font></b></p> </td>
        <td width="78" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$            0.69 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          0.78 </font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          2.94 </font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          2.33 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:5.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="78" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="49" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="71" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr>
        <td width="277" ></td>

        <td width="78" ></td>

        <td width="18" ></td>

        <td width="72" ></td>

        <td width="49" ></td>

        <td width="71" ></td>

        <td width="16" ></td>

        <td width="2" ></td>

        <td width="72" ></td>

        <td width="52" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>4</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>


<table border="0" cellspacing=0 cellpadding=0 width="725" style='margin-left:0pt;border-collapse:collapse'>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="9" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=2>ST. MARY LAND &amp; EXPLORATION COMPANY</font></b></p> </td> </tr>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="9" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><B><font FACE="ARIAL" SIZE=2>FINANCIAL HIGHLIGHTS</font></B></p> </td> </tr>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="9" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=2>December 31, 2006</font></b></p> </td> </tr>
    <tr style='height:12.95pt'>
        <td  nowrap colspan="9" valign=bottom style=' padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>(Unaudited)</font></p> </td> </tr>
    <tr style='height:.25in'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><U><B><font FACE="ARIAL" SIZE=2>BALANCE SHEET</font></B></U><u></u></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>(In thousands)</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>December 31,</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>December 31,</font></b></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Working capital</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$           22,870 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:7.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$          4,937 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Long-term debt</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$         433,980 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:7.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$        99,885 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Stockholders' equity</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$         743,374 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:7.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$      569,320 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.85pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Shares outstanding </font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>55,002 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>56,762 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.85pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><U><B><font FACE="ARIAL" SIZE=1>PROVED RESERVES</font></B></U><u></u></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>December 31,</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>December 31,</font></b></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Oil (MBbls)</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>74,195 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>62,903 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Gas (MMcf)</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>482,475 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>417,075 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:.8pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font FACE="ARIAL" SIZE=1>MMCFE (6:1)</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>927,647 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>794,493 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:5.85pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:.25in'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><U><B><font FACE="ARIAL" SIZE=2>CASH FLOW</font></B></U><u></u></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:.25in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>(In thousands)</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.75pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Reconciliation of Discretionary Cash Flow to Net Cash Provided by Operating Activities:</font></b></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:12.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>For the Three Months </font></b></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=bottom style='padding: 0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>For the Years </font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=bottom style='border: none;border-bottom:solid black 1.0pt;border-color:gray; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Ended December 31,</font></b></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=bottom style='border: none;border-bottom:solid black 1.0pt;border-color:gray; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>Ended December 31,</font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2006</font></b></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: solid black 1.0pt; padding:0in 5.4pt 0in 5.4pt;height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><b><font face="Arial" size=1>2005</font></b></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Discretionary cash flow (1)</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$         126,385 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:9.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$     141,002 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    525,063 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:4.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$   462,032 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:8.65pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>(Gain) loss on property sales</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:39.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>323 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:42.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (2)</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:20.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (6,910)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:25.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (222)</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:8.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:18.7pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:1.15pt;text-indent:-1.35pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Exploration expense, excluding exploratory dry hole expense</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:28.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (9,859)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:23.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (11,867)</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (41,698)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:14.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (36,827)</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:18.7pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>Other</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:29.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (2,874)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:39.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>319 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:19.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (2,476)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>281 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font face="Arial" size=1>Changes in working capital</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:30.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>36,176 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:24.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (22,219)</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:.25in;text-align:center;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (6,279)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:15.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1> (15,885)</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font face="Arial" size=1>Net cash provided by operating activities</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$         150,151 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:9.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$     107,233 </font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    467,700 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-top:solid black 1.0pt; border-left:none;border-bottom:double black 2.25pt;border-right:none;  padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    409,379 </font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font face="Arial" size=1>Net cash used in investing activities</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$      (422,071)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    (66,507)</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:4.5pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$ (724,719)</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$ (339,779)</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:13.5pt;text-indent:-13.5pt;text-align:left;margin-top:1.5pt;margin-bottom: 0in'><font face="Arial" size=1>Net cash provided by (used in) financing activities</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$        272,368 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:11.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$    (52,398)</font></p> </td>
        <td width="48" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:5.25pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$   243,558 </font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" nowrap valign=bottom style='border-bottom: double black 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.35pt'>
            <p style='margin-left:0pt;text-indent:3.75pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>$   (61,093)</font></p> </td>
        <td width="52" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.5pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:9.35pt'>
        <td width="277" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="84" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="18" nowrap valign=bottom style='padding:0in 5.4pt 0in 5.4pt; height:9.35pt'>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.19in; text-indent:-0.19in;text-align:left;'><font face="Arial" size=1>(1)  Discretionary cash flow is computed as net income plus depreciation, depletion, amortization, ARO accretion, impairments, deferred taxes, exploration expense, stock-based compensation expense, and non-cash changes in the Net Profits Plan liability less the effect of unrealized derivative loss.  The non-GAAP measure of discretionary cash flow is presented since management believes that it provides useful additional information to investors for analysis of St. Mary&#146;s ability to internally generate funds for exploration, development, and acquisitions.  In addition, discretionary cash flow is widely used by professional research analysts and others in the valuation, comparison, and investment recommendations of companies in the oil and gas exploration and production industry, and many investors use the published research of industry research analysts
in making investment decisions.  Discretionary cash flow should not be considered in isolation or as a substitute for net income, income from operations, net cash provided by operating activities or other income, profitability, cash flow, or liquidity measures prepared under GAAP.  Since discretionary cash flow excludes some, but not all, items that affect net income and net cash provided by operating activities and may vary among companies, the discretionary cash flow amounts presented may not be comparable to similarly titled measures of other companies.</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>5</p>

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