<SEC-DOCUMENT>0000788965-19-000008.txt : 20190313
<SEC-HEADER>0000788965-19-000008.hdr.sgml : 20190313
<ACCEPTANCE-DATETIME>20190313125338
ACCESSION NUMBER:		0000788965-19-000008
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190311
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190313
DATE AS OF CHANGE:		20190313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLADOR ENERGY CO
		CENTRAL INDEX KEY:			0000788965
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		IRS NUMBER:				841014610
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34743
		FILM NUMBER:		19677697

	BUSINESS ADDRESS:	
		STREET 1:		1660 LINCOLN ST STE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264
		BUSINESS PHONE:		3038395505

	MAIL ADDRESS:	
		STREET 1:		1660 LINCOLN STREET
		STREET 2:		SUITE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALLADOR PETROLEUM CO
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK OIL & GAS CO /CO/
		DATE OF NAME CHANGE:	19900102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK INC
		DATE OF NAME CHANGE:	19860624
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>hnrg-20190311x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			hnrg-8k_2018_earnings
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			<font style="display: inline;font-family:Arial;color:#000000;font-size:12pt;">UNITED STATES</font>
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			<font style="display: inline;font-family:Arial;color:#000000;font-size:12pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Washington, D.C. 20549</font>
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			<font style="display: inline;">&nbsp;</font><font style="display: inline;font-family:Arial;color:#000000;font-size:12pt;">CURRENT REPORT</font>
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			<font style="display: inline;font-family:Arial;color:#000000;font-size:12pt;">Pursuant to</font><font style="display: inline;font-family:Arial;color:#000000;font-size:12pt;"> Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</font>
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		<p style="margin:5pt 0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Date of Report (Date of earliest event reported): </font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">March 13, 2019</font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;"> &nbsp;(</font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">March 11, 2019</font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">)</font>
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			<font style="display: inline;font-family:Calibri;color:#000000;font-size:11pt;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:20pt;">Hallador Energy Company</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">(Exact name of registrant as specified in its charter)</font>
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					<p style="margin:0pt;font-family:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size: 1pt">
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						&nbsp;</p>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">Colorado</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">001-34743</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">84-1014610</font></p>
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						<font style="display: inline;font-family:Arial;font-size:9pt;">(State or other jurisdiction</font></p>
					<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman;font-size: 9pt">
						<font style="display: inline;font-family:Arial;font-size:9pt;"> of incorporation)</font></p>
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						<font style="display: inline;font-family:Arial;font-size:9pt;">(Commission</font></p>
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						<font style="display: inline;font-family:Arial;font-size:9pt;"> File Number)</font></p>
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						<font style="display: inline;font-family:Arial;font-size:9pt;">(IRS Employer</font></p>
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						<font style="display: inline;font-family:Arial;font-size:9pt;">Identification No.)</font></p>
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			<font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font>
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						<font style="display: inline;font-family:Calibri;color:#000000;font-size:9pt;">&#xFEFF;</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">1660 Lincoln Street, Suite 2700, Denver, Colorado 80264-2701</font></p>
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						<font style="display: inline;font-family:Arial;font-size:9pt;">(Address, including zip code, of principal executive offices)</font></p>
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			<font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:normal;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: (303) 839-5504</font>
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		<p style="margin:0pt;line-height:normal;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:normal;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">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:</font>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Written communications </font><font style="display: inline;font-family:Arial;font-size:10pt;">pursuant to</font><font style="display: inline;font-family:Arial;font-size:10pt;"> Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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				<td valign="bottom" style="width:04.20%;height:14.40pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:Segoe UI Symbol;font-size:10pt;">&#x2610;</font></p>
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				<td valign="bottom" style="width:95.80%;height:14.40pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Soliciting material </font><font style="display: inline;font-family:Arial;font-size:10pt;">pursuant to</font><font style="display: inline;font-family:Arial;font-size:10pt;"> Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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				<td valign="bottom" style="width:04.20%;height:14.40pt;padding:0pt;">
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						<font style="display: inline;font-family:Segoe UI Symbol;font-size:10pt;">&#x2610;</font></p>
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				<td valign="bottom" style="width:95.80%;height:14.40pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
				</td>
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				<td valign="bottom" style="width:04.20%;height:14.40pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:Segoe UI Symbol;font-size:10pt;">&#x2610;</font></p>
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				<td valign="bottom" style="width:95.80%;height:14.40pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
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			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Emerging growth company&nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:normal;text-align:right;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Calibri;color:#000000;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:normal;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided </font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">pursuant to</font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;"> Section 13(a) of the Exchange &nbsp;Act. &nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Item&nbsp;2.02 - Results of Operation and Financial Condition </font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">On </font><font style="display: inline;font-family:Arial;font-size:10pt;">March 11, 2019</font><font style="display: inline;font-family:Arial;font-size:10pt;">, Hallador Energy Company</font><font style="display: inline;font-family:Arial;font-size:10pt;"> reported its </font><font style="display: inline;font-family:Arial;font-size:10pt;">2018 fourth quarter and full year results on Form 10-K</font><font style="display: inline;font-family:Arial;font-size:10pt;"> and issued a press release announcing such results and </font><font style="display: inline;font-family:Arial;font-size:10pt;">updating coal sales guidance</font><font style="display: inline;font-family:Arial;font-size:10pt;">.&nbsp;&nbsp;A copy of the press release is </font><font style="display: inline;font-family:Arial;font-size:10pt;">attached hereto as Exhibit 99.1.</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Item 9.01 &#x2013; Financial Statements and Exhibits</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:25pt;"><font style="display: inline;font-family:Arial;font-size:10pt;">(d)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-size:10pt;">Exhibits</font></font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:19pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-size:10pt;">99.1</font></font><font style="display: inline;font-family:Arial;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Arial;font-size:10pt;"></font><a href="hnrg-20190311xex99_1.htm" style="-sec-extract:exhibit"><font style="display: inline;font-family:Arial;font-size:10pt;">Hallador Energy Reports 2018 Annual Earnings and Updates Sales Guidance Through 2022</font></a>
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			<font style="display: inline;font-family:Arial;color:#000000;">SIGNATURE</font>
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			<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Pursuant to</font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;"> 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><font style="display: inline;">&nbsp;</font>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">March 13, 2019</font></p>
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						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">By:</font></p>
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						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;text-decoration:underline;">/s/ Lawrence D. Martin&nbsp;</font></p>
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						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Lawrence D. Martin</font></p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>hnrg-20190311xex99_1.htm
<DESCRIPTION>EX-99.1
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			Exhibit_99-1
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">EXHIBIT 99.1</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;"><img src="hnrg-20190311xex99_1g001.jpg" style="width: 3.822917in; height: 0.7930555in" alt="HECO_without_Address.jpg?token=br5thbnr6EXk8U0Rrhk635RCe5rM212voX7CbgMbzr8y%2BdDb6mZV7FdP7hDVWutZ3jK7%2Bb24n5WtsqeU3ypgZQAMsJ3Zx7ufcJBzhCsR%2F0UHWaqY8XNl"></font>
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		<p style="margin:0pt 0pt 7.5pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:401.5pt;"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Press Release</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:center"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;"></font></font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">HALLADOR ENERGY REPORTS 2018 ANNUAL EARNINGS </font>
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		<p style="margin:0pt 0pt 7.5pt;background-color: #FFFFFF;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">AND UPDATES SALES GUIDANCE</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">&nbsp;</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">THROUGH 2022</font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">DENVER, March 11, 2019 -&nbsp;Hallador Energy Company (Nasdaq: HNRG) reports financial and operating results for the year ended December 31, 2018.&nbsp;&nbsp;&nbsp;Hallador filed its Form 10-K after the markets closed today.</font>
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		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">Brent Bilsland, President and Chief Executive Officer, commented, &#x201C;We have had an exceptional sales season.&nbsp;&nbsp;As a result, we are raising our 2019 sales guidance to 8.2 million tons from 7.3 million tons in 2018.&nbsp;&nbsp;Additionally, we are forecasting sales of 8.0 million tons annually for 2020-2022 time frame.&nbsp;&nbsp;Currently we have 78% of our production sold for the next four years, providing great cash flow visibility for Hallador shareholders.&nbsp;&nbsp;Additionally, we have nearly doubled the number of power plants we serve from 9 in 2017 to 17 powerplants today.&nbsp;&nbsp;We estimate our new customers&#x2019; total demand to be 165% greater than the customers we served in 2017, providing exciting new sales opportunities going forward.&#x201D;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Highlights for the year include:</font>
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				<font style="margin:0pt;font-family:Symbol;font-size:10pt;line-height:100%;;"> &#xB7;</font>
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			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Net Income</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;font-size:10pt;line-height:100%;;"> o</font>
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			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">$7.6 million, $0.25 per share for the year ended December 31, 2018.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
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		</p>
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			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;font-size:10pt;line-height:100%;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Coal Sales</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;font-size:10pt;border-bottom:1pt none #D9D9D9;line-height:100%;;"> o</font>
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		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Contracted 12.0 million tons of additional coal sales during the year for the 2019-2022 time period.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt">
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			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;font-size:10pt;border-top:1pt none #D9D9D9;line-height:100%;;"> o</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Dramatically increased the number of power plants served as a result of three fundamental changes in our market:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:90pt;"><p style="width:90pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;font-size:10pt;border-bottom:1pt none #D9D9D9;line-height:100%;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;"> A large Indiana industrial customer chose to close their coal mines and purchase coal from Sunrise under long-term contracts.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt">
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:90pt;"><p style="width:90pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
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			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">The addition of our new Princeton Loop has allowed us to access new markets served by the Norfolk and Southern Railroad (NS).</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt">
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		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:90pt;"><p style="width:90pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
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			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">A greater percentage of Illinois Basin (ILB) coal is going to export, thus tightening supply.&nbsp;&nbsp;This has led to new customers contracting with Sunrise for the first time.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Calibri;font-size: 10pt">
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;font-size:10pt;line-height:100%;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Production</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;font-size:10pt;line-height:100%;;"> o</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Reopened the Carlisle Mine, returning Sunrise&#x2019;s production capacity to 10.5 million tons annually.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;font-size:10pt;line-height:100%;;"> o</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Produced 7.6 million tons of coal in 2018, up from 6.6 million tons in 2017.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;font-size:10pt;line-height:100%;;"> o</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Anticipating over 8.0 million tons of production annually for the next 4 years.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;;font-size: 10pt"><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">The table below represents some of our critical metrics (in thousands except for per ton data):</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:237.60pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:79.20pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:79.20pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt 0pt 8pt;line-height:106.67%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Calibri;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt 0pt 8pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt 0pt 8pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="4" valign="middle" style="width:180.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">Years Ended December 31,</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Calibri;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:79.20pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">2018</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:79.20pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">2017</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Net Income</font></p>
				</td>
				<td valign="middle" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">7,621&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">33,076&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Total Revenues</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">293,557&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">271,633&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Tons Sold</font></p>
				</td>
				<td valign="middle" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">7,365&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">6,574&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Average Price per Ton</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">39.62&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">40.80&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Bank Debt</font></p>
				</td>
				<td valign="middle" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">188,463&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">201,992&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Operating Cash Flow</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">51,570&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">65,771&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Adjusted EBITDA*</font></p>
				</td>
				<td valign="middle" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">74,085&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<sub style="display: inline;">&nbsp;</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DDEBF7;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;background-color: #DDEBF7;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">83,870&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:237.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Adjusted Free Cash Flow **</font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">35,839&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.20pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">58,351&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:237.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 11pt">
						<sub style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">_____________________________________</sub></p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:79.20pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:79.20pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td colspan="8" valign="middle" style="width:443.20pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;font-size:5pt;vertical-align:super;line-height:100%">*Defined as EBITDA plus stock-based compensation and ARO accretion, less the effects of our equity method investments and Hourglass Sands. </font></p>
				</td>
			</tr>
			<tr>
				<td colspan="8" valign="bottom" style="width:443.20pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;font-size:5pt;vertical-align:super;line-height:100%">**Defined as net income plus deferred income taxes, DD&amp;A, ARO accretion, and stock compensation, less maintenance </font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;font-size:5pt;vertical-align:super;line-height:100%">capex</font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;font-size:5pt;vertical-align:super;line-height:100%"> and the effects of our equity method investments.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">EBITDA, adjusted EBITDA, and adjusted free cash flow should not be considered alternatives to net income, income from operations, cash flows from operating activities or any other measure of financial performance presented </font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">in accordance with</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;"> GAAP.&nbsp;&nbsp;Our method of computing EBITDA, adjusted EBITDA, and adjusted free cash flow may not be the same method used to compute similar measures reported by other companies.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Management believes that the presentation of such additional financial measures provides useful information to investors regarding our performance and results of operations because these measures, when used in conjunction with related GAAP financial measures, (i) provide additional information about our core operating performance and ability to generate and distribute cash flow, (ii) provide investors with the financial and analytical framework upon which management bases financial, operation, compensation, and planning decisions, and (iii) present measurements that investors, rating agencies, and debt holders have indicated are useful in assessing our results.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-style:italic;font-size:10pt;text-decoration:underline;color:#000000;">Reconciliation of GAAP &#x201C;net income&#x201D; to non-GAAP &#x201C;adjusted EBITDA&#x201D; (in thousands).</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:234.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt 0pt 8pt;line-height:106.67%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Calibri;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="5" valign="top" style="width:180.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">Years Ended December 31,</font></p>
				</td>
				<td colspan="2" valign="top" style="width:12.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Calibri;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">2018</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">2017</font></p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Net income</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">7,621&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">33,076&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Income tax benefit</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(4,075)
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(19,194)
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Loss from Hourglass Sands</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">1,169&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;"> &nbsp;-&nbsp;&nbsp; </font></p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Loss (income) from equity method investments</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">187&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(365)
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Purchased contract amortization</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;"> &nbsp;- </font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">8,922&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">DD&amp;A</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">44,157&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">38,495&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">ARO accretion</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">1,167&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">861&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Loss on impairment &amp; disposal of assets</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">561&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">45&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Loss on marketable securities</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">226&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;"> - </font></p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Interest Expense</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">16,288&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">12,413&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Other amortization</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">3,614&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">2,351&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Stock-based compensation</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">3,170&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">7,266&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">Adjusted EBITDA</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">74,085&nbsp;
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">83,870&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:234.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:15.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr></table>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="middle" style="width:234.90pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt 0pt 8pt;line-height:107.08%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Calibri;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:107.08%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:15.90pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:107.08%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:107.08%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:11.80pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:107.08%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:107.08%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:107.08%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:24.75pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:107.08%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td colspan="11" valign="bottom" style="width:455.60pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;background-color: #FFFFFF;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-style:italic;font-size:10pt;text-decoration:underline;color:#000000;">Reconciliation of GAAP &#x201C;net income&#x201D; to non-GAAP &#x201C;adjusted free cash flow&#x201D; (in thousands).</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Calibri;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="4" valign="middle" style="width:168.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">Years Ended December 31,</font></p>
				</td>
				<td colspan="2" valign="top" style="width:12.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Calibri;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">2018</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">2017</font></p>
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Net Income</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">7,621&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">33,076&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Loss (income) from equity method investments</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">187&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(365)
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Purchased contract amortization</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;"> -&nbsp; </font></p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">8,922&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Deferred income tax benefit</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(2,287)
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(16,446)
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">DD&amp;A</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">44,167&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">38,495&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">ARO accretion</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">1,167&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">861&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Deferred financing costs amortization</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">2,024&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">1,829&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Change in fair value of interest rate swaps</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">2,182&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(723)
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Loss </font><a name="_GoBack"></a><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">on impairment &amp; disposal of assets</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">561&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">45&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Maintenance capex</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(22,655)
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">(11,400)
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">Stock-based compensation less taxes paid</font></p>
				</td>
				<td valign="top" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">2,872&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;background-color: #DEEAF6;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #DEEAF6;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">4,057&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:234.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:10pt;">Adjusted Free Cash Flow</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:15.90pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:78.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">35,839&nbsp;
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">$</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:79.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:1.00pt;color:#000000;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">58,351&nbsp;
				</td>
				<td colspan="2" valign="top" style="width:11.80pt;height:1.00pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:right;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;text-decoration:underline;color:#000000;">Conference Call</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">As previously announced our earnings conference call for financial analysts and investors will </font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">be held</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;"> on Tuesday, March 12, 2019</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">,</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;"> at </font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">2:00 pm</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;"> eastern time.&nbsp; Dial-in numbers for the live conference call are as follows:</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Toll-free (888) 347-5317</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;line-height:100%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Canadian Callers Toll-free (855) 669-9657</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;line-height:100%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Conference ID #: Hallador Energy Company HNRG Call</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;line-height:100%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;line-height:100%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">An audio replay of the conference call will be available for one week. To access the audio replay, dial US Toll-Free (877) 344-7529; Canada Toll-Free (855) 669-9658 and request to be connected to replay access code 10127968.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;line-height:100%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Hallador </font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">is headquartered</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;"> in Denver, Colorado and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basin for the electric power generation industry. To learn more about Hallador or Sunrise, visit our website at </font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">www.halladorenergy.com</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Contact:</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Rebecca Palumbo</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Investor Relations</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">Phone:</font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Arial;font-size:10pt;color:#000000;">(303) 839-5504 ext. 316</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
