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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 124.65 485.10 Td (Entities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.76 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.18 485.10 Td (means ) Tj ET Q q 0 0 0 rg BT 201.62 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.49 485.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 279.71 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.81 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.68 485.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 360.44 485.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 402.55 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.75 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.08 485.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 490.52 485.10 Td (production, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 126.90 473.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 191.82 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.27 473.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 259.94 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.05 473.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 300.83 473.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 317.38 473.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 351.73 473.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 371.62 473.10 Td (liquids ) Tj ET Q q 0 0 0 rg BT 403.73 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.19 473.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 458.53 473.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 481.20 473.10 Td (being ) Tj ET Q q 0 0 0 rg BT 509.43 473.10 Td (Baytex ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (Energy) Tj ET Q q 0 0 0 rg BT 102.94 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 108.50 461.10 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 141.85 461.10 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 195.76 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.23 461.10 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 248.58 461.10 Td (USA, ) Tj ET Q q 0 0 0 rg BT 274.70 461.10 Td (each ) Tj ET Q q 0 0 0 rg BT 299.16 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.50 461.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 334.73 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 346.40 461.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 381.41 461.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 444.78 461.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 492.58 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.69 461.10 Td (us. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 440.10 Td (Raging ) Tj ET Q q 0 0 0 rg BT 108.67 440.10 Td (River ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.46 440.10 Td (means ) Tj ET Q q 0 0 0 rg BT 169.25 440.10 Td (Raging ) Tj ET Q q 0 0 0 rg BT 203.72 440.10 Td (River ) Tj ET Q q 0 0 0 rg BT 229.83 440.10 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 282.64 440.10 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 419.10 Td (SEC ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 419.10 Td (means ) Tj ET Q q 0 0 0 rg BT 128.13 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.81 419.10 Td (United ) Tj ET Q q 0 0 0 rg BT 176.50 419.10 Td (States ) Tj ET Q q 0 0 0 rg BT 207.63 419.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 254.31 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.77 419.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 321.03 419.10 Td (Commission.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 398.10 Td (Shareholders ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 138.69 398.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 166.48 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.16 398.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 218.74 398.10 Td (from ) Tj ET Q q 0 0 0 rg BT 241.52 398.10 Td (time ) Tj ET Q q 0 0 0 rg BT 263.19 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.30 398.10 Td (time ) Tj ET Q q 0 0 0 rg BT 295.97 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.09 398.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 350.44 398.10 Td (Shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (subsidiary) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.02 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.49 377.10 Td (has ) Tj ET Q q 0 0 0 rg BT 141.08 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.45 377.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 196.28 377.10 Td (ascribed ) Tj ET Q q 0 0 0 rg BT 235.55 377.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 268.15 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.40 377.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 292.77 377.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 337.95 377.10 Td (Act) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 352.40 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.87 377.10 Td (\(Ontario\) ) Tj ET Q q 0 0 0 rg BT 394.79 377.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 415.72 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.86 377.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 462.02 377.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 499.07 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 503.31 377.10 Td (includes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (all ) Tj ET Q q 0 0 0 rg BT 84.78 365.10 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 145.37 365.10 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 203.18 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.64 365.10 Td (trusts ) Tj ET Q q 0 0 0 rg BT 249.87 365.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 284.89 365.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 331.03 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.70 365.10 Td (directed, ) Tj ET Q q 0 0 0 rg BT 383.83 365.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 418.28 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.95 365.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 468.67 365.10 Td (, ) Tj ET Q q 0 0 0 rg BT 474.23 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 487.57 365.10 Td (us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 344.10 Td (we) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 344.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.06 344.10 Td (us ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.67 344.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.35 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.30 344.10 Td (our) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.40 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.34 344.10 Td (means ) Tj ET Q q 0 0 0 rg BT 177.30 344.10 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 210.81 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.44 344.10 Td (all ) Tj ET Q q 0 0 0 rg BT 243.38 344.10 Td (its ) Tj ET Q q 0 0 0 rg BT 256.32 344.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 312.07 344.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.13 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.63 344.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 393.73 344.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 420.01 344.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 451.86 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.70 344.10 Td (context ) Tj ET Q q 0 0 0 rg BT 503.89 344.10 Td (requires ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 332.10 Td (otherwise.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 309.51552734375 m 202.2294921875 309.51552734375 l s q 0 0 0 rg BT 72.00 311.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 122.58 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.14 311.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 172.59 311.10 Td (T) Tj ET Q q 0 0 0 rg BT 178.32 311.10 Td (erms) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 290.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 97.06 290.10 Td (Debentures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 152.08 290.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.89 290.10 Td (means ) Tj ET Q q 0 0 0 rg BT 187.72 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.44 290.10 Td (6.75% ) Tj ET Q q 0 0 0 rg BT 235.61 290.10 Td (series ) Tj ET Q q 0 0 0 rg BT 265.10 290.10 Td (B ) Tj ET Q q 0 0 0 rg BT 274.58 290.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 304.63 290.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 354.15 290.10 Td (debentures ) Tj ET Q q 0 0 0 rg BT 407.00 290.10 Td (due ) Tj ET Q q 0 0 0 rg BT 426.50 290.10 Td (February ) Tj ET Q q 0 0 0 rg BT 469.33 290.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 486.05 290.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 511.11 290.10 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 278.10 Td (by ) Tj ET Q q 0 0 0 rg BT 85.34 278.10 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 118.69 278.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 160.38 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.50 278.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 195.40 278.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.44 278.10 Td (#1 ) Tj ET Q q 0 0 0 rg BT 254.34 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.46 278.10 Td (which ) Tj ET Q q 0 0 0 rg BT 293.80 278.10 Td (US$150 ) Tj ET Q q 0 0 0 rg BT 332.72 278.10 Td (million ) Tj ET Q q 0 0 0 rg BT 363.84 278.10 Td (was ) Tj ET Q q 0 0 0 rg BT 384.40 278.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 438.88 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.22 278.10 Td (at ) Tj ET Q q 0 0 0 rg BT 463.34 278.10 Td (March ) Tj ET Q q 0 0 0 rg BT 493.90 278.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 505.02 278.10 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 97.76 257.10 Td (Notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 125.54 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.06 257.10 Td (means ) Tj ET Q q 0 0 0 rg BT 162.59 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.01 257.10 Td (5.125% ) Tj ET Q q 0 0 0 rg BT 217.44 257.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 248.19 257.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 298.40 257.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 326.38 257.10 Td (due ) Tj ET Q q 0 0 0 rg BT 346.58 257.10 Td (June1, ) Tj ET Q q 0 0 0 rg BT 382.90 257.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 408.66 257.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 441.08 257.10 Td (by ) Tj ET Q q 0 0 0 rg BT 455.16 257.10 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 489.24 257.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 531.68 257.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 95.90 245.10 Td (Indenture#2 ) Tj ET Q q 0 0 0 rg BT 154.84 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.96 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.30 245.10 Td (US$400 ) Tj ET Q q 0 0 0 rg BT 233.22 245.10 Td (million ) Tj ET Q q 0 0 0 rg BT 264.33 245.10 Td (was ) Tj ET Q q 0 0 0 rg BT 284.90 245.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 339.38 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.72 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.84 245.10 Td (March ) Tj ET Q q 0 0 0 rg BT 394.40 245.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 405.52 245.10 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 224.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 97.26 224.10 Td (Debentures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 152.27 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.29 224.10 Td (means ) Tj ET Q q 0 0 0 rg BT 188.31 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.23 224.10 Td (6.625% ) Tj ET Q q 0 0 0 rg BT 242.16 224.10 Td (series ) Tj ET Q q 0 0 0 rg BT 271.85 224.10 Td (C ) Tj ET Q q 0 0 0 rg BT 282.08 224.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 312.33 224.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 362.04 224.10 Td (debentures ) Tj ET Q q 0 0 0 rg BT 415.10 224.10 Td (due ) Tj ET Q q 0 0 0 rg BT 434.79 224.10 Td (July19, ) Tj ET Q q 0 0 0 rg BT 472.27 224.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 497.53 224.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 529.45 224.10 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 212.10 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 105.35 212.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 147.04 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.16 212.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 182.06 212.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 227.10 212.10 Td (#1 ) Tj ET Q q 0 0 0 rg BT 241.00 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.12 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 280.46 212.10 Td ($300 ) Tj ET Q q 0 0 0 rg BT 305.49 212.10 Td (million ) Tj ET Q q 0 0 0 rg BT 336.60 212.10 Td (was ) Tj ET Q q 0 0 0 rg BT 357.17 212.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 411.65 212.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.99 212.10 Td (at ) Tj ET Q q 0 0 0 rg BT 436.11 212.10 Td (March ) Tj ET Q q 0 0 0 rg BT 466.67 212.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 477.79 212.10 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 191.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 97.76 191.10 Td (Notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 125.54 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.06 191.10 Td (means ) Tj ET Q q 0 0 0 rg BT 162.59 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.01 191.10 Td (5.625% ) Tj ET Q q 0 0 0 rg BT 217.44 191.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 248.19 191.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 298.40 191.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 326.38 191.10 Td (due ) Tj ET Q q 0 0 0 rg BT 346.58 191.10 Td (June1, ) Tj ET Q q 0 0 0 rg BT 382.90 191.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 408.66 191.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 441.08 191.10 Td (by ) Tj ET Q q 0 0 0 rg BT 455.16 191.10 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 489.24 191.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 531.68 191.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 179.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 95.90 179.10 Td (Indenture#2 ) Tj ET Q q 0 0 0 rg BT 154.84 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.96 179.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.30 179.10 Td (US$400 ) Tj ET Q q 0 0 0 rg BT 233.22 179.10 Td (million ) Tj ET Q q 0 0 0 rg BT 264.33 179.10 Td (was ) Tj ET Q q 0 0 0 rg BT 284.90 179.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 339.38 179.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.72 179.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.84 179.10 Td (March ) Tj ET Q q 0 0 0 rg BT 394.40 179.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 405.52 179.10 Td (2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 158.10 Td (ABCA) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.89 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.73 158.10 Td (means ) Tj ET Q q 0 0 0 rg BT 138.60 158.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 156.34 158.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 200.77 158.10 Td (Corporations ) Tj ET Q q 0 0 0 rg BT 261.35 158.10 Td (Act) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.80 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.65 158.10 Td (\(Alberta\), ) Tj ET Q q 0 0 0 rg BT 324.62 158.10 Td (R.S.A. ) Tj ET Q q 0 0 0 rg BT 357.36 158.10 Td (2000, ) Tj ET Q q 0 0 0 rg BT 386.23 158.10 Td (c. ) Tj ET Q q 0 0 0 rg BT 397.86 158.10 Td (B-9, ) Tj ET Q q 0 0 0 rg BT 420.05 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.45 158.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 482.78 158.10 Td (including ) Tj ET Q q 0 0 0 rg BT 526.10 158.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 146.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 123.70 146.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 182.07 146.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 229.89 146.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 120.67 125.10 Td (GAAP) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 149.56 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.22 125.10 Td (means ) Tj ET Q q 0 0 0 rg BT 186.89 125.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 231.13 125.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 275.37 125.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 327.40 125.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 373.29 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.73 125.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 426.20 125.10 Td (which ) Tj ET Q q 0 0 0 rg BT 455.42 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 473.53 125.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 522.21 125.10 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 113.10 Td (International ) Tj ET Q q 0 0 0 rg BT 129.82 113.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 172.62 113.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 218.75 113.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 267.12 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.46 113.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 312.14 113.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.48 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.16 113.10 Td (International ) Tj ET Q q 0 0 0 rg BT 399.43 113.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 451.68 113.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 500.05 113.10 Td (Board.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 92.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 118.11 92.10 Td (Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.46 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.24 92.10 Td (means ) Tj ET Q q 0 0 0 rg BT 187.03 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.71 92.10 Td (common ) Tj ET Q q 0 0 0 rg BT 244.84 92.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.63 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.75 92.10 Td (Baytex.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.40 43.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 103.67 712.75 Td (Facilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.47 712.75 Td ( ) Tj ET Q q 0 0 0 rg BT 149.25 712.75 Td (means ) Tj ET Q q 0 0 0 rg BT 182.04 712.75 Td (our ) Tj ET Q q 0 0 0 rg BT 199.27 712.75 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 245.96 712.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 275.41 712.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 317.09 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.55 712.75 Td (our ) Tj ET Q q 0 0 0 rg BT 353.60 712.75 Td (T) Tj ET Q q 0 0 0 rg BT 358.60 712.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 378.60 712.75 Td (Loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (CSS ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 691.75 Td (means ) Tj ET Q q 0 0 0 rg BT 128.13 691.75 Td (cyclic ) Tj ET Q q 0 0 0 rg BT 155.35 691.75 Td (steam ) Tj ET Q q 0 0 0 rg BT 185.36 691.75 Td (stimulation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 670.75 Td (Debt ) Tj ET Q q 0 0 0 rg BT 97.41 670.75 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 146.15 670.75 Td (#1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.27 670.75 Td ( ) Tj ET Q q 0 0 0 rg BT 160.46 670.75 Td (means ) Tj ET Q q 0 0 0 rg BT 193.66 670.75 Td (the ) Tj ET Q q 0 0 0 rg BT 210.74 670.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 255.63 670.75 Td (and ) Tj ET Q q 0 0 0 rg BT 275.50 670.75 Td (restated ) Tj ET Q q 0 0 0 rg BT 314.81 670.75 Td (trust ) Tj ET Q q 0 0 0 rg BT 337.45 670.75 Td (indenture ) Tj ET Q q 0 0 0 rg BT 382.33 670.75 Td (among ) Tj ET Q q 0 0 0 rg BT 416.09 670.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 452.63 670.75 Td (as ) Tj ET Q q 0 0 0 rg BT 466.37 670.75 Td (issuer) Tj ET Q q 0 0 0 rg BT 492.50 670.75 Td (, ) Tj ET Q q 0 0 0 rg BT 498.46 670.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 531.66 670.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 658.75 Td (its ) Tj ET Q q 0 0 0 rg BT 84.55 658.75 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 142.69 658.75 Td (as ) Tj ET Q q 0 0 0 rg BT 155.80 658.75 Td (guarantors, ) Tj ET Q q 0 0 0 rg BT 208.94 658.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.18 658.75 Td (V) Tj ET Q q 0 0 0 rg BT 234.11 658.75 Td (aliant ) Tj ET Q q 0 0 0 rg BT 260.40 658.75 Td (T) Tj ET Q q 0 0 0 rg BT 266.14 658.75 Td (rust ) Tj ET Q q 0 0 0 rg BT 285.36 658.75 Td (Company) Tj ET Q q 0 0 0 rg BT 327.42 658.75 Td (, ) Tj ET Q q 0 0 0 rg BT 332.75 658.75 Td (as ) Tj ET Q q 0 0 0 rg BT 345.86 658.75 Td (indenture ) Tj ET Q q 0 0 0 rg BT 390.12 658.75 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 426.02 658.75 Td (dated ) Tj ET Q q 0 0 0 rg BT 453.60 658.75 Td (January ) Tj ET Q q 0 0 0 rg BT 491.73 658.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 502.62 658.75 Td (201) Tj ET Q q 0 0 0 rg BT 518.56 658.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 529.45 658.75 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 646.75 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 138.78 646.75 Td (by ) Tj ET Q q 0 0 0 rg BT 153.31 646.75 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 216.75 646.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 267.41 646.75 Td (dated ) Tj ET Q q 0 0 0 rg BT 296.40 646.75 Td (February ) Tj ET Q q 0 0 0 rg BT 340.37 646.75 Td (17, ) Tj ET Q q 0 0 0 rg BT 358.24 646.75 Td (201) Tj ET Q q 0 0 0 rg BT 374.18 646.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 386.48 646.75 Td (February ) Tj ET Q q 0 0 0 rg BT 430.46 646.75 Td (18, ) Tj ET Q q 0 0 0 rg BT 448.32 646.75 Td (201) Tj ET Q q 0 0 0 rg BT 464.26 646.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 476.56 646.75 Td (July19, ) Tj ET Q q 0 0 0 rg BT 514.99 646.75 Td (2012, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 634.75 Td (December19, ) Tj ET Q q 0 0 0 rg BT 137.39 634.75 Td (2012, ) Tj ET Q q 0 0 0 rg BT 165.01 634.75 Td (June4, ) Tj ET Q q 0 0 0 rg BT 200.40 634.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 228.01 634.75 Td (June1) Tj ET Q q 0 0 0 rg BT 257.29 634.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 268.22 634.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 295.83 634.75 Td (July25, ) Tj ET Q q 0 0 0 rg BT 332.88 634.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 360.49 634.75 Td (March ) Tj ET Q q 0 0 0 rg BT 390.86 634.75 Td (6, ) Tj ET Q q 0 0 0 rg BT 401.79 634.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 429.40 634.75 Td (December ) Tj ET Q q 0 0 0 rg BT 478.11 634.75 Td (15, ) Tj ET Q q 0 0 0 rg BT 494.60 634.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 522.21 634.75 Td (July ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (10, ) Tj ET Q q 0 0 0 rg BT 88.68 622.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 113.70 622.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.62 622.75 Td (August ) Tj ET Q q 0 0 0 rg BT 166.53 622.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 183.21 622.75 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 601.75 Td (Debt ) Tj ET Q q 0 0 0 rg BT 96.56 601.75 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 144.45 601.75 Td (#2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.57 601.75 Td ( ) Tj ET Q q 0 0 0 rg BT 157.90 601.75 Td (means ) Tj ET Q q 0 0 0 rg BT 190.25 601.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.49 601.75 Td (indenture ) Tj ET Q q 0 0 0 rg BT 250.52 601.75 Td (among ) Tj ET Q q 0 0 0 rg BT 283.43 601.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 319.12 601.75 Td (as ) Tj ET Q q 0 0 0 rg BT 332.01 601.75 Td (issuer) Tj ET Q q 0 0 0 rg BT 358.14 601.75 Td (, ) Tj ET Q q 0 0 0 rg BT 363.25 601.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 395.60 601.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.27 601.75 Td (its ) Tj ET Q q 0 0 0 rg BT 418.61 601.75 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 476.52 601.75 Td (as ) Tj ET Q q 0 0 0 rg BT 489.42 601.75 Td (guarantors, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 589.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.82 589.75 Td (Computershare ) Tj ET Q q 0 0 0 rg BT 163.67 589.75 Td (T) Tj ET Q q 0 0 0 rg BT 169.40 589.75 Td (rust ) Tj ET Q q 0 0 0 rg BT 189.21 589.75 Td (Company) Tj ET Q q 0 0 0 rg BT 231.26 589.75 Td (, ) Tj ET Q q 0 0 0 rg BT 237.17 589.75 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 262.53 589.75 Td (as ) Tj ET Q q 0 0 0 rg BT 276.23 589.75 Td (indenture ) Tj ET Q q 0 0 0 rg BT 321.06 589.75 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 357.54 589.75 Td (dated ) Tj ET Q q 0 0 0 rg BT 385.70 589.75 Td (June6, ) Tj ET Q q 0 0 0 rg BT 421.63 589.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 449.79 589.75 Td (as ) Tj ET Q q 0 0 0 rg BT 463.48 589.75 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 529.44 589.75 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 577.75 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 133.50 577.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 182.22 577.75 Td (dated ) Tj ET Q q 0 0 0 rg BT 209.26 577.75 Td (June1) Tj ET Q q 0 0 0 rg BT 238.54 577.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 248.90 577.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 275.95 577.75 Td (July25, ) Tj ET Q q 0 0 0 rg BT 312.43 577.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 339.47 577.75 Td (December ) Tj ET Q q 0 0 0 rg BT 387.62 577.75 Td (15, ) Tj ET Q q 0 0 0 rg BT 403.54 577.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 430.58 577.75 Td (July ) Tj ET Q q 0 0 0 rg BT 450.38 577.75 Td (10, ) Tj ET Q q 0 0 0 rg BT 466.30 577.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 490.57 577.75 Td (and ) Tj ET Q q 0 0 0 rg BT 508.87 577.75 Td (August ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 565.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 88.68 565.75 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 544.75 Td (MD&A) Tj ET Q q 0 0 0 rg BT 101.62 544.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 104.40 544.75 Td (means ) Tj ET Q q 0 0 0 rg BT 137.20 544.75 Td (management's ) Tj ET Q q 0 0 0 rg BT 205.25 544.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 254.72 544.75 Td (and ) Tj ET Q q 0 0 0 rg BT 274.18 544.75 Td (analysis ) Tj ET Q q 0 0 0 rg BT 313.09 544.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.21 544.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 368.68 544.75 Td (and ) Tj ET Q q 0 0 0 rg BT 388.15 544.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 427.62 544.75 Td (results) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 457.07 544.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 523.75 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 123.91 523.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 156.92 523.75 Td (Facilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.72 523.75 Td ( ) Tj ET Q q 0 0 0 rg BT 203.85 523.75 Td (means ) Tj ET Q q 0 0 0 rg BT 237.98 523.75 Td (our ) Tj ET Q q 0 0 0 rg BT 256.56 523.75 Td (US$575 ) Tj ET Q q 0 0 0 rg BT 296.82 523.75 Td (million ) Tj ET Q q 0 0 0 rg BT 329.28 523.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 368.98 523.75 Td (covenant-based ) Tj ET Q q 0 0 0 rg BT 444.26 523.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 472.84 523.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 512.53 523.75 Td (with ) Tj ET Q q 0 0 0 rg BT 534.43 523.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 511.75 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 117.02 511.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.14 511.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.61 511.75 Td (institutions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (SAGD) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.89 490.75 Td ( ) Tj ET Q q 0 0 0 rg BT 103.67 490.75 Td (means ) Tj ET Q q 0 0 0 rg BT 136.46 490.75 Td (steam-assisted ) Tj ET Q q 0 0 0 rg BT 206.49 490.75 Td (gravity ) Tj ET Q q 0 0 0 rg BT 238.72 490.75 Td (drainage.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 107.07 469.75 Td (Notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.85 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 138.81 469.75 Td (means, ) Tj ET Q q 0 0 0 rg BT 175.55 469.75 Td (collectively) Tj ET Q q 0 0 0 rg BT 223.16 469.75 Td (, ) Tj ET Q q 0 0 0 rg BT 229.89 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 247.75 469.75 Td (2021Debentures, ) Tj ET Q q 0 0 0 rg BT 331.20 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 349.06 469.75 Td (2021Notes, ) Tj ET Q q 0 0 0 rg BT 406.94 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 424.79 469.75 Td (2022Debentures ) Tj ET Q q 0 0 0 rg BT 505.47 469.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.10 469.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (2024Notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.37 436.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 91.66 436.75 Td (Act) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.77 436.75 Td ( ) Tj ET Q q 0 0 0 rg BT 111.43 436.75 Td (means ) Tj ET Q q 0 0 0 rg BT 145.11 436.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 162.67 436.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 199.12 436.75 Td (T) Tj ET Q q 0 0 0 rg BT 204.31 436.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 218.05 436.75 Td (Act) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.50 436.75 Td ( ) Tj ET Q q 0 0 0 rg BT 236.16 436.75 Td (\(Canada\), ) Tj ET Q q 0 0 0 rg BT 284.28 436.75 Td (R.S.C. ) Tj ET Q q 0 0 0 rg BT 317.39 436.75 Td (1985, ) Tj ET Q q 0 0 0 rg BT 346.08 436.75 Td (c. ) Tj ET Q q 0 0 0 rg BT 357.51 436.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 366.74 436.75 Td (\(5) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 375.63 441.52 Td (th) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.05 436.75 Td ( ) Tj ET Q q 0 0 0 rg BT 384.71 436.75 Td (Supp.\), ) Tj ET Q q 0 0 0 rg BT 420.61 436.75 Td (as ) Tj ET Q q 0 0 0 rg BT 434.83 436.75 Td (amended, ) Tj ET Q q 0 0 0 rg BT 482.97 436.75 Td (including ) Tj ET Q q 0 0 0 rg BT 526.10 436.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 123.70 424.75 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 182.07 424.75 Td (thereunder) Tj ET Q q 0 0 0 rg BT 229.89 424.75 Td (, ) Tj ET Q q 0 0 0 rg BT 235.44 424.75 Td (as ) Tj ET Q q 0 0 0 rg BT 248.78 424.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 293.26 424.75 Td (from ) Tj ET Q q 0 0 0 rg BT 316.04 424.75 Td (time ) Tj ET Q q 0 0 0 rg BT 337.71 424.75 Td (to ) Tj ET Q q 0 0 0 rg BT 348.83 424.75 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 403.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.37 403.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 98.49 403.75 Td (Loan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.38 403.75 Td ( ) Tj ET Q q 0 0 0 rg BT 125.15 403.75 Td (means ) Tj ET Q q 0 0 0 rg BT 157.95 403.75 Td (our ) Tj ET Q q 0 0 0 rg BT 175.18 403.75 Td ($300 ) Tj ET Q q 0 0 0 rg BT 200.20 403.75 Td (million ) Tj ET Q q 0 0 0 rg BT 231.32 403.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 269.68 403.75 Td (term ) Tj ET Q q 0 0 0 rg BT 292.45 403.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 314.14 403.75 Td (with ) Tj ET Q q 0 0 0 rg BT 334.70 403.75 Td (a ) Tj ET Q q 0 0 0 rg BT 343.04 403.75 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 388.06 403.75 Td (of ) Tj ET Q q 0 0 0 rg BT 399.18 403.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.65 403.75 Td (institutions.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 381.16552734375 m 192.0048828125 381.16552734375 l s q 0 0 0 rg BT 72.00 382.75 Td (Independent ) Tj ET Q q 0 0 0 rg BT 134.22 382.75 Td (Engineering) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 361.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 107.60 361.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 154.88 361.75 Td (Report) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.10 361.75 Td ( ) Tj ET Q q 0 0 0 rg BT 189.90 361.75 Td (means ) Tj ET Q q 0 0 0 rg BT 222.71 361.75 Td (the: ) Tj ET Q q 0 0 0 rg BT 242.19 361.75 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 253.87 361.75 Td (report ) Tj ET Q q 0 0 0 rg BT 282.79 361.75 Td (of ) Tj ET Q q 0 0 0 rg BT 293.93 361.75 Td (Sproule ) Tj ET Q q 0 0 0 rg BT 331.20 361.75 Td (dated ) Tj ET Q q 0 0 0 rg BT 359.02 361.75 Td (February ) Tj ET Q q 0 0 0 rg BT 401.83 361.75 Td (12, ) Tj ET Q q 0 0 0 rg BT 418.54 361.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 443.58 361.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 478.63 361.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 482.17 361.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 531.67 361.75 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 349.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.71 349.75 Td (P&NG ) Tj ET Q q 0 0 0 rg BT 121.87 349.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 167.91 349.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.07 349.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 214.45 349.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 249.95 349.75 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 278.21 349.75 Td (in ) Tj ET Q q 0 0 0 rg BT 289.81 349.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 328.65 349.75 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 375.82 349.75 Td (Ferrybank ) Tj ET Q q 0 0 0 rg BT 424.65 349.75 Td (Duvernay ) Tj ET Q q 0 0 0 rg BT 471.25 349.75 Td (Property ) Tj ET Q q 0 0 0 rg BT 512.86 349.75 Td (\(As ) Tj ET Q q 0 0 0 rg BT 531.67 349.75 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 337.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.89 337.75 Td (2018\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.47 337.75 Td ("; ) Tj ET Q q 0 0 0 rg BT 172.88 337.75 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 187.06 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 204.04 337.75 Td (report ) Tj ET Q q 0 0 0 rg BT 233.25 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 244.67 337.75 Td (Ryder ) Tj ET Q q 0 0 0 rg BT 274.43 337.75 Td (Scott ) Tj ET Q q 0 0 0 rg BT 300.30 337.75 Td (dated ) Tj ET Q q 0 0 0 rg BT 328.41 337.75 Td (February ) Tj ET Q q 0 0 0 rg BT 371.50 337.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 382.92 337.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 408.25 337.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 443.58 337.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 447.13 337.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 480.78 337.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 515.55 337.75 Td (Corp. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 325.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 120.44 325.75 Td (Future ) Tj ET Q q 0 0 0 rg BT 153.32 325.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 199.54 325.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.20 325.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 256.44 325.75 Td (Attributable ) Tj ET Q q 0 0 0 rg BT 311.01 325.75 Td (to ) Tj ET Q q 0 0 0 rg BT 323.33 325.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 359.54 325.75 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 409.67 325.75 Td (Interests ) Tj ET Q q 0 0 0 rg BT 452.00 325.75 Td (NI ) Tj ET Q q 0 0 0 rg BT 465.98 325.75 Td (51-101 ) Tj ET Q q 0 0 0 rg BT 501.10 325.75 Td (Forecast ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 313.75 Td (Economic ) Tj ET Q q 0 0 0 rg BT 119.98 313.75 Td (Parameters ) Tj ET Q q 0 0 0 rg BT 175.74 313.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 222.62 313.75 Td (Currency ) Tj ET Q q 0 0 0 rg BT 267.26 313.75 Td (as ) Tj ET Q q 0 0 0 rg BT 281.90 313.75 Td (of ) Tj ET Q q 0 0 0 rg BT 294.31 313.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 361.19 313.75 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.43 313.75 Td ("; ) Tj ET Q q 0 0 0 rg BT 393.83 313.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.59 313.75 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 431.99 313.75 Td (the ) Tj ET Q q 0 0 0 rg BT 449.96 313.75 Td (report ) Tj ET Q q 0 0 0 rg BT 480.16 313.75 Td (of ) Tj ET Q q 0 0 0 rg BT 492.57 313.75 Td (GLJ ) Tj ET Q q 0 0 0 rg BT 514.99 313.75 Td (dated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 301.75 Td (February ) Tj ET Q q 0 0 0 rg BT 114.52 301.75 Td (8, ) Tj ET Q q 0 0 0 rg BT 125.37 301.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 150.12 301.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 184.87 301.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 188.42 301.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 221.50 301.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 255.69 301.75 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 282.65 301.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 327.06 301.75 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 384.03 301.75 Td (and ) Tj ET Q q 0 0 0 rg BT 403.22 301.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 452.43 301.75 Td (of ) Tj ET Q q 0 0 0 rg BT 463.28 301.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 508.60 301.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 523.32 301.75 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 289.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 93.12 289.75 Td (Properties ) Tj ET Q q 0 0 0 rg BT 141.47 289.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 188.72 289.75 Td (Summary ) Tj ET Q q 0 0 0 rg BT 234.28 289.75 Td (Effective ) Tj ET Q q 0 0 0 rg BT 275.41 289.75 Td (December ) Tj ET Q q 0 0 0 rg BT 324.31 289.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 340.99 289.75 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.24 289.75 Td (".) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 268.75 Td (COGE ) Tj ET Q q 0 0 0 rg BT 104.94 268.75 Td (Handbook) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.83 268.75 Td ( ) Tj ET Q q 0 0 0 rg BT 157.32 268.75 Td (means ) Tj ET Q q 0 0 0 rg BT 190.82 268.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 268.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 254.52 268.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 270.24 268.75 Td (and ) Tj ET Q q 0 0 0 rg BT 290.41 268.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 312.24 268.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 362.43 268.75 Td (Handbook ) Tj ET Q q 0 0 0 rg BT 411.52 268.75 Td (maintained ) Tj ET Q q 0 0 0 rg BT 463.93 268.75 Td (by ) Tj ET Q q 0 0 0 rg BT 477.98 268.75 Td (the ) Tj ET Q q 0 0 0 rg BT 495.38 268.75 Td (Society ) Tj ET Q q 0 0 0 rg BT 531.66 268.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 256.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 120.35 256.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 169.83 256.75 Td (Engineers ) Tj ET Q q 0 0 0 rg BT 217.64 256.75 Td (\(Calgary ) Tj ET Q q 0 0 0 rg BT 258.21 256.75 Td (Chapter\), ) Tj ET Q q 0 0 0 rg BT 302.67 256.75 Td (as ) Tj ET Q q 0 0 0 rg BT 316.01 256.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 360.49 256.75 Td (from ) Tj ET Q q 0 0 0 rg BT 383.26 256.75 Td (time ) Tj ET Q q 0 0 0 rg BT 404.93 256.75 Td (to ) Tj ET Q q 0 0 0 rg BT 416.05 256.75 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 235.75 Td (GLJ ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.23 235.75 Td (means ) Tj ET Q q 0 0 0 rg BT 127.02 235.75 Td (GLJ ) Tj ET Q q 0 0 0 rg BT 148.14 235.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 196.49 235.75 Td (Consultants ) Tj ET Q q 0 0 0 rg BT 252.08 235.75 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 274.31 235.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 332.15 235.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 379.39 235.75 Td (consultants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (NI ) Tj ET Q q 0 0 0 rg BT 85.61 214.75 Td (51-101) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.75 214.75 Td ( ) Tj ET Q q 0 0 0 rg BT 120.36 214.75 Td (means ) Tj ET Q q 0 0 0 rg BT 153.99 214.75 Td (National ) Tj ET Q q 0 0 0 rg BT 194.29 214.75 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 245.15 214.75 Td (51-101 ) Tj ET Q q 0 0 0 rg BT 279.90 214.75 Td ("Standards ) Tj ET Q q 0 0 0 rg BT 332.65 214.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.60 214.75 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 394.89 214.75 Td (for ) Tj ET Q q 0 0 0 rg BT 410.17 214.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 426.01 214.75 Td (and ) Tj ET Q q 0 0 0 rg BT 446.31 214.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 467.54 214.75 Td (Activities" ) Tj ET Q q 0 0 0 rg BT 514.16 214.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 214.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 202.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 117.59 202.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 163.72 202.75 Td (Administrators. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (Ryder ) Tj ET Q q 0 0 0 rg BT 103.12 181.75 Td (Scott) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 128.12 181.75 Td ( ) Tj ET Q q 0 0 0 rg BT 130.90 181.75 Td (means ) Tj ET Q q 0 0 0 rg BT 163.69 181.75 Td (Ryder ) Tj ET Q q 0 0 0 rg BT 193.15 181.75 Td (Scott ) Tj ET Q q 0 0 0 rg BT 218.71 181.75 Td (Company) Tj ET Q q 0 0 0 rg BT 260.77 181.75 Td (, ) Tj ET Q q 0 0 0 rg BT 266.33 181.75 Td (L.P) Tj ET Q q 0 0 0 rg BT 280.05 181.75 Td (., ) Tj ET Q q 0 0 0 rg BT 288.38 181.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 346.21 181.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 393.46 181.75 Td (consultants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (Sproule) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 109.23 160.75 Td ( ) Tj ET Q q 0 0 0 rg BT 112.00 160.75 Td (means ) Tj ET Q q 0 0 0 rg BT 144.80 160.75 Td (Sproule ) Tj ET Q q 0 0 0 rg BT 181.49 160.75 Td (Associates ) Tj ET Q q 0 0 0 rg BT 232.63 160.75 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 270.42 160.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 328.25 160.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 375.50 160.75 Td (consultants.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 138.16552734375 m 170.92578125 138.16552734375 l s q 0 0 0 rg BT 72.00 139.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 119.26 139.75 Td (Definitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 118.75 Td (Gross) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.90 118.75 Td ( ) Tj ET Q q 0 0 0 rg BT 103.68 118.75 Td (means:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 97.75 Td (\(a\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 97.75 Td (in ) Tj ET Q q 0 0 0 rg BT 117.54 97.75 Td (relation ) Tj ET Q q 0 0 0 rg BT 152.09 97.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.18 97.75 Td (our ) Tj ET Q q 0 0 0 rg BT 178.39 97.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.93 97.75 Td (in ) Tj ET Q q 0 0 0 rg BT 222.47 97.75 Td (production ) Tj ET Q q 0 0 0 rg BT 270.92 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 289.36 97.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 332.23 97.75 Td (our ) Tj ET Q q 0 0 0 rg BT 348.44 97.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.99 97.75 Td (\(operating ) Tj ET Q q 0 0 0 rg BT 429.77 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 448.21 97.75 Td (non-operating\) ) Tj ET Q q 0 0 0 rg BT 515.00 97.75 Td (share ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 85.75 Td (before ) Tj ET Q q 0 0 0 rg BT 139.13 85.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 185.28 85.75 Td (of ) Tj ET Q q 0 0 0 rg BT 196.40 85.75 Td (royalties ) Tj ET Q q 0 0 0 rg BT 236.41 85.75 Td (and ) Tj ET Q q 0 0 0 rg BT 255.88 85.75 Td (without ) Tj ET Q q 0 0 0 rg BT 290.34 85.75 Td (including ) Tj ET Q q 0 0 0 rg BT 332.59 85.75 Td (any ) Tj ET Q q 0 0 0 rg BT 351.49 85.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.61 85.75 Td (our ) Tj ET Q q 0 0 0 rg BT 379.84 85.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 412.07 85.75 Td (interests;) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I4 Do Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.40 43.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 712.75 Td (\(b\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 118.56 712.75 Td (relation ) Tj ET Q q 0 0 0 rg BT 154.14 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 165.26 712.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 193.04 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.72 712.75 Td (total ) Tj ET Q q 0 0 0 rg BT 231.40 712.75 Td (number ) Tj ET Q q 0 0 0 rg BT 268.08 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 279.20 712.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 304.21 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 314.77 712.75 Td (which ) Tj ET Q q 0 0 0 rg BT 343.11 712.75 Td (we ) Tj ET Q q 0 0 0 rg BT 358.67 712.75 Td (have ) Tj ET Q q 0 0 0 rg BT 383.14 712.75 Td (an ) Tj ET Q q 0 0 0 rg BT 397.04 712.75 Td (interest; ) Tj ET Q q 0 0 0 rg BT 435.39 712.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 691.75 Td (\(c\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 691.75 Td (in ) Tj ET Q q 0 0 0 rg BT 118.56 691.75 Td (relation ) Tj ET Q q 0 0 0 rg BT 154.14 691.75 Td (to ) Tj ET Q q 0 0 0 rg BT 165.26 691.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 215.28 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.96 691.75 Td (total ) Tj ET Q q 0 0 0 rg BT 253.64 691.75 Td (area ) Tj ET Q q 0 0 0 rg BT 276.43 691.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.55 691.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 334.80 691.75 Td (in ) Tj ET Q q 0 0 0 rg BT 345.36 691.75 Td (which ) Tj ET Q q 0 0 0 rg BT 373.70 691.75 Td (we ) Tj ET Q q 0 0 0 rg BT 389.26 691.75 Td (have ) Tj ET Q q 0 0 0 rg BT 413.73 691.75 Td (an ) Tj ET Q q 0 0 0 rg BT 427.63 691.75 Td (interest.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 670.75 Td (Net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.11 670.75 Td ( ) Tj ET Q q 0 0 0 rg BT 90.89 670.75 Td (means:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 649.75 Td (\(a\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 649.75 Td (in ) Tj ET Q q 0 0 0 rg BT 117.54 649.75 Td (relation ) Tj ET Q q 0 0 0 rg BT 152.09 649.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.18 649.75 Td (our ) Tj ET Q q 0 0 0 rg BT 178.39 649.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.93 649.75 Td (in ) Tj ET Q q 0 0 0 rg BT 222.47 649.75 Td (production ) Tj ET Q q 0 0 0 rg BT 270.92 649.75 Td (and ) Tj ET Q q 0 0 0 rg BT 289.36 649.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 332.23 649.75 Td (our ) Tj ET Q q 0 0 0 rg BT 348.44 649.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.99 649.75 Td (\(operating ) Tj ET Q q 0 0 0 rg BT 429.77 649.75 Td (and ) Tj ET Q q 0 0 0 rg BT 448.21 649.75 Td (non-operating\) ) Tj ET Q q 0 0 0 rg BT 515.00 649.75 Td (share ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 637.75 Td (after ) Tj ET Q q 0 0 0 rg BT 130.79 637.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 176.94 637.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.05 637.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 220.29 637.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 273.65 637.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 294.78 637.75 Td (our ) Tj ET Q q 0 0 0 rg BT 312.01 637.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 344.24 637.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.81 637.75 Td (in ) Tj ET Q q 0 0 0 rg BT 390.37 637.75 Td (production ) Tj ET Q q 0 0 0 rg BT 439.85 637.75 Td (or ) Tj ET Q q 0 0 0 rg BT 451.52 637.75 Td (reserves;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 616.75 Td (\(b\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 616.75 Td (in ) Tj ET Q q 0 0 0 rg BT 118.37 616.75 Td (relation ) Tj ET Q q 0 0 0 rg BT 153.75 616.75 Td (to ) Tj ET Q q 0 0 0 rg BT 164.68 616.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 192.27 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.76 616.75 Td (number ) Tj ET Q q 0 0 0 rg BT 245.25 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 256.18 616.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 281.00 616.75 Td (obtained ) Tj ET Q q 0 0 0 rg BT 321.95 616.75 Td (by ) Tj ET Q q 0 0 0 rg BT 335.10 616.75 Td (aggregating ) Tj ET Q q 0 0 0 rg BT 390.51 616.75 Td (our ) Tj ET Q q 0 0 0 rg BT 407.55 616.75 Td (working ) Tj ET Q q 0 0 0 rg BT 444.59 616.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 479.97 616.75 Td (in ) Tj ET Q q 0 0 0 rg BT 490.34 616.75 Td (each ) Tj ET Q q 0 0 0 rg BT 514.62 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 525.54 616.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 604.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 135.23 604.75 Td (wells; ) Tj ET Q q 0 0 0 rg BT 163.01 604.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 583.75 Td (\(c\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 118.52 583.75 Td (relation ) Tj ET Q q 0 0 0 rg BT 154.05 583.75 Td (to ) Tj ET Q q 0 0 0 rg BT 165.13 583.75 Td (our ) Tj ET Q q 0 0 0 rg BT 182.31 583.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 217.84 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 228.36 583.75 Td (a ) Tj ET Q q 0 0 0 rg BT 236.66 583.75 Td (property) Tj ET Q q 0 0 0 rg BT 272.60 583.75 Td (, ) Tj ET Q q 0 0 0 rg BT 278.11 583.75 Td (the ) Tj ET Q q 0 0 0 rg BT 294.75 583.75 Td (total ) Tj ET Q q 0 0 0 rg BT 316.38 583.75 Td (area ) Tj ET Q q 0 0 0 rg BT 339.13 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 349.65 583.75 Td (which ) Tj ET Q q 0 0 0 rg BT 377.95 583.75 Td (we ) Tj ET Q q 0 0 0 rg BT 393.47 583.75 Td (have ) Tj ET Q q 0 0 0 rg BT 417.89 583.75 Td (an ) Tj ET Q q 0 0 0 rg BT 431.75 583.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 467.28 583.75 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 512.25 583.75 Td (by ) Tj ET Q q 0 0 0 rg BT 525.55 583.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 571.75 Td (working ) Tj ET Q q 0 0 0 rg BT 145.24 571.75 Td (interest.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 116.46 550.75 Td (Prices ) Tj ET Q q 0 0 0 rg BT 149.27 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 169.82 550.75 Td (Costs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.61 550.75 Td ( ) Tj ET Q q 0 0 0 rg BT 200.38 550.75 Td (are ) Tj ET Q q 0 0 0 rg BT 217.62 550.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 247.07 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 266.53 550.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 292.65 550.75 Td (that ) Tj ET Q q 0 0 0 rg BT 312.11 550.75 Td (are:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 529.75 Td (\(a\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 529.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 151.36 529.75 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 202.51 529.75 Td (as ) Tj ET Q q 0 0 0 rg BT 215.85 529.75 Td (being ) Tj ET Q q 0 0 0 rg BT 243.09 529.75 Td (a ) Tj ET Q q 0 0 0 rg BT 251.43 529.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 303.69 529.75 Td (outlook ) Tj ET Q q 0 0 0 rg BT 338.72 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 349.84 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.52 529.75 Td (future; ) Tj ET Q q 0 0 0 rg BT 397.64 529.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 508.75 Td (\(b\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 508.75 Td (if, ) Tj ET Q q 0 0 0 rg BT 117.79 508.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.49 508.75 Td (only ) Tj ET Q q 0 0 0 rg BT 156.84 508.75 Td (to ) Tj ET Q q 0 0 0 rg BT 167.19 508.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.11 508.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 212.36 508.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 233.83 508.75 Td (there ) Tj ET Q q 0 0 0 rg BT 258.63 508.75 Td (are ) Tj ET Q q 0 0 0 rg BT 275.10 508.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 298.23 508.75 Td (or ) Tj ET Q q 0 0 0 rg BT 309.14 508.75 Td (presently ) Tj ET Q q 0 0 0 rg BT 351.73 508.75 Td (determinable ) Tj ET Q q 0 0 0 rg BT 411.55 508.75 Td (future ) Tj ET Q q 0 0 0 rg BT 439.13 508.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 467.82 508.75 Td (or ) Tj ET Q q 0 0 0 rg BT 478.72 508.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 504.07 508.75 Td (to ) Tj ET Q q 0 0 0 rg BT 514.43 508.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 496.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 141.50 496.75 Td (is ) Tj ET Q q 0 0 0 rg BT 151.66 496.75 Td (legally ) Tj ET Q q 0 0 0 rg BT 182.94 496.75 Td (bound ) Tj ET Q q 0 0 0 rg BT 213.68 496.75 Td (by ) Tj ET Q q 0 0 0 rg BT 227.17 496.75 Td (a ) Tj ET Q q 0 0 0 rg BT 235.66 496.75 Td (contractual ) Tj ET Q q 0 0 0 rg BT 287.51 496.75 Td (or ) Tj ET Q q 0 0 0 rg BT 299.33 496.75 Td (other ) Tj ET Q q 0 0 0 rg BT 325.06 496.75 Td (obligation ) Tj ET Q q 0 0 0 rg BT 370.80 496.75 Td (to ) Tj ET Q q 0 0 0 rg BT 382.07 496.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 413.91 496.75 Td (a ) Tj ET Q q 0 0 0 rg BT 422.41 496.75 Td (physical ) Tj ET Q q 0 0 0 rg BT 461.46 496.75 Td (product, ) Tj ET Q q 0 0 0 rg BT 500.53 496.75 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 484.75 Td (those ) Tj ET Q q 0 0 0 rg BT 135.00 484.75 Td (for ) Tj ET Q q 0 0 0 rg BT 149.21 484.75 Td (an ) Tj ET Q q 0 0 0 rg BT 162.87 484.75 Td (extension ) Tj ET Q q 0 0 0 rg BT 208.21 484.75 Td (period ) Tj ET Q q 0 0 0 rg BT 238.54 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.42 484.75 Td (a ) Tj ET Q q 0 0 0 rg BT 257.52 484.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 295.63 484.75 Td (that ) Tj ET Q q 0 0 0 rg BT 314.84 484.75 Td (is ) Tj ET Q q 0 0 0 rg BT 324.60 484.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 349.36 484.75 Td (to ) Tj ET Q q 0 0 0 rg BT 360.24 484.75 Td (be ) Tj ET Q q 0 0 0 rg BT 373.90 484.75 Td (extended, ) Tj ET Q q 0 0 0 rg BT 420.36 484.75 Td (those ) Tj ET Q q 0 0 0 rg BT 447.36 484.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 476.57 484.75 Td (or ) Tj ET Q q 0 0 0 rg BT 488.00 484.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 513.88 484.75 Td (rather ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 472.75 Td (than ) Tj ET Q q 0 0 0 rg BT 130.24 472.75 Td (the ) Tj ET Q q 0 0 0 rg BT 146.92 472.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 176.37 472.75 Td (and ) Tj ET Q q 0 0 0 rg BT 195.84 472.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 221.96 472.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 259.75 472.75 Td (to ) Tj ET Q q 0 0 0 rg BT 270.87 472.75 Td (in ) Tj ET Q q 0 0 0 rg BT 281.43 472.75 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 329.80 472.75 Td (\(a\).) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 450.16552734375 m 233.201171875 450.16552734375 l s q 0 0 0 rg BT 72.00 451.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 119.26 451.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.82 451.75 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 181.52 451.75 Td (Categories) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (Reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.48 430.75 Td ( ) Tj ET Q q 0 0 0 rg BT 119.53 430.75 Td (are ) Tj ET Q q 0 0 0 rg BT 137.04 430.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 183.44 430.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 230.40 430.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 276.26 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.65 430.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 300.71 430.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.44 430.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 354.07 430.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 373.25 430.75 Td (and ) Tj ET Q q 0 0 0 rg BT 392.98 430.75 Td (related ) Tj ET Q q 0 0 0 rg BT 426.61 430.75 Td (substances ) Tj ET Q q 0 0 0 rg BT 480.24 430.75 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 531.66 430.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 418.75 Td (be ) Tj ET Q q 0 0 0 rg BT 85.90 418.75 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 140.93 418.75 Td (from ) Tj ET Q q 0 0 0 rg BT 163.71 418.75 Td (known ) Tj ET Q q 0 0 0 rg BT 195.39 418.75 Td (accumulations, ) Tj ET Q q 0 0 0 rg BT 264.87 418.75 Td (from ) Tj ET Q q 0 0 0 rg BT 287.65 418.75 Td (a ) Tj ET Q q 0 0 0 rg BT 295.99 418.75 Td (given ) Tj ET Q q 0 0 0 rg BT 322.67 418.75 Td (date ) Tj ET Q q 0 0 0 rg BT 344.92 418.75 Td (forward, ) Tj ET Q q 0 0 0 rg BT 383.82 418.75 Td (based ) Tj ET Q q 0 0 0 rg BT 413.84 418.75 Td (on:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 397.75 Td (\(a\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 397.75 Td (analysis ) Tj ET Q q 0 0 0 rg BT 146.91 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 158.02 397.75 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 192.48 397.75 Td (geological, ) Tj ET Q q 0 0 0 rg BT 243.07 397.75 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 298.66 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.13 397.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 373.17 397.75 Td (data;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 376.75 Td (\(b\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.68 376.75 Td (use ) Tj ET Q q 0 0 0 rg BT 143.58 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.70 376.75 Td (established ) Tj ET Q q 0 0 0 rg BT 208.07 376.75 Td (technology; ) Tj ET Q q 0 0 0 rg BT 261.99 376.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 355.75 Td (\(c\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 355.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 150.25 355.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 195.82 355.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 243.63 355.75 Td (\(being ) Tj ET Q q 0 0 0 rg BT 274.21 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 290.89 355.75 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 332.57 355.75 Td (Prices ) Tj ET Q q 0 0 0 rg BT 363.13 355.75 Td (and ) Tj ET Q q 0 0 0 rg BT 382.59 355.75 Td (Costs ) Tj ET Q q 0 0 0 rg BT 410.93 355.75 Td (used ) Tj ET Q q 0 0 0 rg BT 435.39 355.75 Td (in ) Tj ET Q q 0 0 0 rg BT 445.95 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 462.63 355.75 Td (estimate\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (Proved ) Tj ET Q q 0 0 0 rg BT 107.93 334.75 Td (reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 149.08 334.75 Td ( ) Tj ET Q q 0 0 0 rg BT 151.10 334.75 Td (are ) Tj ET Q q 0 0 0 rg BT 167.58 334.75 Td (those ) Tj ET Q q 0 0 0 rg BT 194.07 334.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 234.43 334.75 Td (that ) Tj ET Q q 0 0 0 rg BT 253.14 334.75 Td (can ) Tj ET Q q 0 0 0 rg BT 271.28 334.75 Td (be ) Tj ET Q q 0 0 0 rg BT 284.43 334.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 329.81 334.75 Td (with ) Tj ET Q q 0 0 0 rg BT 349.62 334.75 Td (a ) Tj ET Q q 0 0 0 rg BT 357.20 334.75 Td (high ) Tj ET Q q 0 0 0 rg BT 378.13 334.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 411.29 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.66 334.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 461.48 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.84 334.75 Td (be ) Tj ET Q q 0 0 0 rg BT 484.99 334.75 Td (recoverable. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (It ) Tj ET Q q 0 0 0 rg BT 80.33 322.75 Td (is ) Tj ET Q q 0 0 0 rg BT 90.33 322.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 115.34 322.75 Td (that ) Tj ET Q q 0 0 0 rg BT 134.80 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.48 322.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 180.94 322.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 227.63 322.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 273.22 322.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 320.46 322.75 Td (will ) Tj ET Q q 0 0 0 rg BT 337.13 322.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 372.15 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 388.83 322.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 434.96 322.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 468.32 322.75 Td (reserves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 301.75 Td (Probable ) Tj ET Q q 0 0 0 rg BT 116.79 301.75 Td (reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.94 301.75 Td ( ) Tj ET Q q 0 0 0 rg BT 159.94 301.75 Td (are ) Tj ET Q q 0 0 0 rg BT 176.39 301.75 Td (those ) Tj ET Q q 0 0 0 rg BT 202.85 301.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 247.66 301.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 288.00 301.75 Td (that ) Tj ET Q q 0 0 0 rg BT 306.68 301.75 Td (are ) Tj ET Q q 0 0 0 rg BT 323.13 301.75 Td (less ) Tj ET Q q 0 0 0 rg BT 342.91 301.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.92 301.75 Td (to ) Tj ET Q q 0 0 0 rg BT 385.26 301.75 Td (be ) Tj ET Q q 0 0 0 rg BT 398.38 301.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 444.85 301.75 Td (than ) Tj ET Q q 0 0 0 rg BT 466.31 301.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 498.88 301.75 Td (reserves. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 289.75 Td (It ) Tj ET Q q 0 0 0 rg BT 80.45 289.75 Td (is ) Tj ET Q q 0 0 0 rg BT 90.57 289.75 Td (equally ) Tj ET Q q 0 0 0 rg BT 125.15 289.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 150.27 289.75 Td (that ) Tj ET Q q 0 0 0 rg BT 169.85 289.75 Td (the ) Tj ET Q q 0 0 0 rg BT 186.65 289.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 216.23 289.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 263.03 289.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 308.73 289.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 356.10 289.75 Td (will ) Tj ET Q q 0 0 0 rg BT 372.88 289.75 Td (be ) Tj ET Q q 0 0 0 rg BT 386.90 289.75 Td (greater ) Tj ET Q q 0 0 0 rg BT 421.48 289.75 Td (or ) Tj ET Q q 0 0 0 rg BT 433.26 289.75 Td (less ) Tj ET Q q 0 0 0 rg BT 453.94 289.75 Td (than ) Tj ET Q q 0 0 0 rg BT 476.30 289.75 Td (the ) Tj ET Q q 0 0 0 rg BT 493.10 289.75 Td (sum ) Tj ET Q q 0 0 0 rg BT 514.88 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.12 289.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 277.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 118.13 277.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 151.49 277.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 172.61 277.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 214.31 277.75 Td (reserves.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 256.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.93 256.75 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 137.66 256.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 177.16 256.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 204.42 256.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 241.14 256.75 Td (to ) Tj ET Q q 0 0 0 rg BT 251.18 256.75 Td (in ) Tj ET Q q 0 0 0 rg BT 260.67 256.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.27 256.75 Td (definitions ) Tj ET Q q 0 0 0 rg BT 323.00 256.75 Td (above ) Tj ET Q q 0 0 0 rg BT 351.95 256.75 Td (are ) Tj ET Q q 0 0 0 rg BT 368.10 256.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 414.84 256.75 Td (to ) Tj ET Q q 0 0 0 rg BT 424.88 256.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 468.27 256.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 508.32 256.75 Td (entities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 244.75 Td (\(which ) Tj ET Q q 0 0 0 rg BT 104.49 244.75 Td (refers ) Tj ET Q q 0 0 0 rg BT 133.65 244.75 Td (to ) Tj ET Q q 0 0 0 rg BT 145.58 244.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.08 244.75 Td (lowest ) Tj ET Q q 0 0 0 rg BT 195.02 244.75 Td (level ) Tj ET Q q 0 0 0 rg BT 219.18 244.75 Td (at ) Tj ET Q q 0 0 0 rg BT 231.12 244.75 Td (which ) Tj ET Q q 0 0 0 rg BT 260.28 244.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 302.22 244.75 Td (calculations ) Tj ET Q q 0 0 0 rg BT 358.06 244.75 Td (are ) Tj ET Q q 0 0 0 rg BT 376.11 244.75 Td (performed\) ) Tj ET Q q 0 0 0 rg BT 428.61 244.75 Td (and ) Tj ET Q q 0 0 0 rg BT 448.89 244.75 Td (to ) Tj ET Q q 0 0 0 rg BT 460.83 244.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 501.67 244.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 232.75 Td (\(which ) Tj ET Q q 0 0 0 rg BT 105.05 232.75 Td (refers ) Tj ET Q q 0 0 0 rg BT 134.76 232.75 Td (to ) Tj ET Q q 0 0 0 rg BT 147.25 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 165.30 232.75 Td (highest ) Tj ET Q q 0 0 0 rg BT 201.69 232.75 Td (level ) Tj ET Q q 0 0 0 rg BT 226.41 232.75 Td (sum ) Tj ET Q q 0 0 0 rg BT 249.45 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.94 232.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 307.79 232.75 Td (entity ) Tj ET Q q 0 0 0 rg BT 335.84 232.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 382.78 232.75 Td (for ) Tj ET Q q 0 0 0 rg BT 398.60 232.75 Td (which ) Tj ET Q q 0 0 0 rg BT 428.32 232.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 470.81 232.75 Td (are ) Tj ET Q q 0 0 0 rg BT 489.41 232.75 Td (presented\). ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 220.75 Td (Reported ) Tj ET Q q 0 0 0 rg BT 115.29 220.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 155.78 220.75 Td (should ) Tj ET Q q 0 0 0 rg BT 187.39 220.75 Td (target ) Tj ET Q q 0 0 0 rg BT 215.11 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.16 220.75 Td (following ) Tj ET Q q 0 0 0 rg BT 272.22 220.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 299.93 220.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.42 220.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 350.36 220.75 Td (under ) Tj ET Q q 0 0 0 rg BT 378.08 220.75 Td (a ) Tj ET Q q 0 0 0 rg BT 385.79 220.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 421.29 220.75 Td (set ) Tj ET Q q 0 0 0 rg BT 436.77 220.75 Td (of ) Tj ET Q q 0 0 0 rg BT 447.26 220.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 492.21 220.75 Td (conditions:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 199.75 Td (\(i\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 199.75 Td (at ) Tj ET Q q 0 0 0 rg BT 120.46 199.75 Td (least ) Tj ET Q q 0 0 0 rg BT 145.70 199.75 Td (a ) Tj ET Q q 0 0 0 rg BT 155.38 199.75 Td (90 ) Tj ET Q q 0 0 0 rg BT 170.62 199.75 Td (percent ) Tj ET Q q 0 0 0 rg BT 208.09 199.75 Td (probability ) Tj ET Q q 0 0 0 rg BT 257.79 199.75 Td (that ) Tj ET Q q 0 0 0 rg BT 278.58 199.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.60 199.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 343.53 199.75 Td (actually ) Tj ET Q q 0 0 0 rg BT 381.55 199.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 430.13 199.75 Td (will ) Tj ET Q q 0 0 0 rg BT 448.14 199.75 Td (equal ) Tj ET Q q 0 0 0 rg BT 476.72 199.75 Td (or ) Tj ET Q q 0 0 0 rg BT 489.73 199.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 526.10 199.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 187.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 154.13 187.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 187.49 187.75 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 231.39 187.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 166.75 Td (\(ii\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 166.75 Td (at ) Tj ET Q q 0 0 0 rg BT 119.02 166.75 Td (least ) Tj ET Q q 0 0 0 rg BT 142.82 166.75 Td (a ) Tj ET Q q 0 0 0 rg BT 151.06 166.75 Td (50 ) Tj ET Q q 0 0 0 rg BT 164.86 166.75 Td (percent ) Tj ET Q q 0 0 0 rg BT 200.90 166.75 Td (probability ) Tj ET Q q 0 0 0 rg BT 249.16 166.75 Td (that ) Tj ET Q q 0 0 0 rg BT 268.52 166.75 Td (the ) Tj ET Q q 0 0 0 rg BT 285.10 166.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 330.58 166.75 Td (actually ) Tj ET Q q 0 0 0 rg BT 367.17 166.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 414.32 166.75 Td (will ) Tj ET Q q 0 0 0 rg BT 430.88 166.75 Td (equal ) Tj ET Q q 0 0 0 rg BT 458.03 166.75 Td (or ) Tj ET Q q 0 0 0 rg BT 469.60 166.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 504.53 166.75 Td (the ) Tj ET Q q 0 0 0 rg BT 521.11 166.75 Td (sum ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.12 154.75 Td (the ) Tj ET Q q 0 0 0 rg BT 135.80 154.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 181.93 154.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 215.29 154.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 236.41 154.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 278.11 154.75 Td (reserves.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 133.75 Td (A) Tj ET Q q 0 0 0 rg BT 78.12 133.75 Td ( ) Tj ET Q q 0 0 0 rg BT 82.48 133.75 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 131.88 133.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 175.15 133.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.85 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.12 133.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 248.28 133.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 278.21 133.75 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 326.50 133.75 Td (to ) Tj ET Q q 0 0 0 rg BT 339.20 133.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 386.36 133.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 430.75 133.75 Td (for ) Tj ET Q q 0 0 0 rg BT 446.79 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.06 133.75 Td (various ) Tj ET Q q 0 0 0 rg BT 501.66 133.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 121.75 Td (categories ) Tj ET Q q 0 0 0 rg BT 119.92 121.75 Td (is ) Tj ET Q q 0 0 0 rg BT 128.93 121.75 Td (desirable ) Tj ET Q q 0 0 0 rg BT 171.29 121.75 Td (to ) Tj ET Q q 0 0 0 rg BT 181.42 121.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 216.00 121.75 Td (a ) Tj ET Q q 0 0 0 rg BT 223.34 121.75 Td (clearer ) Tj ET Q q 0 0 0 rg BT 255.69 121.75 Td (understanding ) Tj ET Q q 0 0 0 rg BT 320.86 121.75 Td (of ) Tj ET Q q 0 0 0 rg BT 330.98 121.75 Td (the ) Tj ET Q q 0 0 0 rg BT 346.67 121.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 396.26 121.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 418.59 121.75 Td (and ) Tj ET Q q 0 0 0 rg BT 437.06 121.75 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 498.32 121.75 Td (However) Tj ET Q q 0 0 0 rg BT 537.23 121.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 109.75 Td (the ) Tj ET Q q 0 0 0 rg BT 90.31 109.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 129.72 109.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.47 109.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 185.22 109.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 232.42 109.75 Td (will ) Tj ET Q q 0 0 0 rg BT 250.72 109.75 Td (be ) Tj ET Q q 0 0 0 rg BT 266.25 109.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 310.69 109.75 Td (using ) Tj ET Q q 0 0 0 rg BT 339.00 109.75 Td (deterministic ) Tj ET Q q 0 0 0 rg BT 399.54 109.75 Td (methods ) Tj ET Q q 0 0 0 rg BT 442.30 109.75 Td (that ) Tj ET Q q 0 0 0 rg BT 463.39 109.75 Td (do ) Tj ET Q q 0 0 0 rg BT 478.92 109.75 Td (not ) Tj ET Q q 0 0 0 rg BT 497.23 109.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 534.44 109.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 97.75 Td (mathematically ) Tj ET Q q 0 0 0 rg BT 140.08 97.75 Td (derived ) Tj ET Q q 0 0 0 rg BT 174.27 97.75 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 226.81 97.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 267.11 97.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.84 97.75 Td (probability) Tj ET Q q 0 0 0 rg BT 321.68 97.75 Td (. ) Tj ET Q q 0 0 0 rg BT 325.85 97.75 Td (In ) Tj ET Q q 0 0 0 rg BT 335.58 97.75 Td (principle, ) Tj ET Q q 0 0 0 rg BT 376.99 97.75 Td (there ) Tj ET Q q 0 0 0 rg BT 401.18 97.75 Td (should ) Tj ET Q q 0 0 0 rg BT 432.04 97.75 Td (be ) Tj ET Q q 0 0 0 rg BT 444.55 97.75 Td (no ) Tj ET Q q 0 0 0 rg BT 457.07 97.75 Td (dif) Tj ET Q q 0 0 0 rg BT 467.45 97.75 Td (ference ) Tj ET Q q 0 0 0 rg BT 502.20 97.75 Td (between ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 85.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 117.57 85.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 160.38 85.75 Td (using ) Tj ET Q q 0 0 0 rg BT 187.06 85.75 Td (probabilistic ) Tj ET Q q 0 0 0 rg BT 242.64 85.75 Td (or ) Tj ET Q q 0 0 0 rg BT 254.31 85.75 Td (deterministic ) Tj ET Q q 0 0 0 rg BT 313.22 85.75 Td (methods.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I5 Do Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.40 43.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 711.16552734375 m 244.2412109375 711.16552734375 l s q 0 0 0 rg BT 72.00 712.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 137.57 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 158.13 712.75 Td (Production ) Tj ET Q q 0 0 0 rg BT 213.68 712.75 Td (Status) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (Each ) Tj ET Q q 0 0 0 rg BT 98.20 691.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.95 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.26 691.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 169.01 691.75 Td (categories ) Tj ET Q q 0 0 0 rg BT 218.56 691.75 Td (\(proved ) Tj ET Q q 0 0 0 rg BT 255.87 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 275.96 691.75 Td (probable\) ) Tj ET Q q 0 0 0 rg BT 321.62 691.75 Td (may ) Tj ET Q q 0 0 0 rg BT 343.92 691.75 Td (be ) Tj ET Q q 0 0 0 rg BT 358.45 691.75 Td (divided ) Tj ET Q q 0 0 0 rg BT 393.55 691.75 Td (into ) Tj ET Q q 0 0 0 rg BT 413.08 691.75 Td (developed ) Tj ET Q q 0 0 0 rg BT 462.64 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 482.73 691.75 Td (undeveloped ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (categories:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 658.75 Td (\(a\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 658.75 Td (Developed ) Tj ET Q q 0 0 0 rg BT 161.04 658.75 Td (reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 202.19 658.75 Td ( ) Tj ET Q q 0 0 0 rg BT 204.66 658.75 Td (are ) Tj ET Q q 0 0 0 rg BT 221.58 658.75 Td (those ) Tj ET Q q 0 0 0 rg BT 248.51 658.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 289.32 658.75 Td (that ) Tj ET Q q 0 0 0 rg BT 308.47 658.75 Td (are ) Tj ET Q q 0 0 0 rg BT 325.39 658.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 368.45 658.75 Td (to ) Tj ET Q q 0 0 0 rg BT 379.25 658.75 Td (be ) Tj ET Q q 0 0 0 rg BT 392.84 658.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 439.78 658.75 Td (from ) Tj ET Q q 0 0 0 rg BT 462.25 658.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 498.62 658.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 523.32 658.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 646.75 Td (installed ) Tj ET Q q 0 0 0 rg BT 147.96 646.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 186.79 646.75 Td (or) Tj ET Q q 0 0 0 rg BT 195.13 646.75 Td (, ) Tj ET Q q 0 0 0 rg BT 201.17 646.75 Td (if ) Tj ET Q q 0 0 0 rg BT 209.44 646.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 248.27 646.75 Td (have ) Tj ET Q q 0 0 0 rg BT 273.22 646.75 Td (not ) Tj ET Q q 0 0 0 rg BT 290.39 646.75 Td (been ) Tj ET Q q 0 0 0 rg BT 315.91 646.75 Td (installed, ) Tj ET Q q 0 0 0 rg BT 358.64 646.75 Td (that ) Tj ET Q q 0 0 0 rg BT 378.59 646.75 Td (would ) Tj ET Q q 0 0 0 rg BT 407.98 646.75 Td (involve ) Tj ET Q q 0 0 0 rg BT 442.38 646.75 Td (a ) Tj ET Q q 0 0 0 rg BT 451.20 646.75 Td (low ) Tj ET Q q 0 0 0 rg BT 469.47 646.75 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 525.00 646.75 Td (\(for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 634.75 Td (example, ) Tj ET Q q 0 0 0 rg BT 152.77 634.75 Td (when ) Tj ET Q q 0 0 0 rg BT 180.87 634.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 229.52 634.75 Td (to ) Tj ET Q q 0 0 0 rg BT 242.06 634.75 Td (the ) Tj ET Q q 0 0 0 rg BT 260.15 634.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 282.68 634.75 Td (of ) Tj ET Q q 0 0 0 rg BT 295.21 634.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 328.30 634.75 Td (a ) Tj ET Q q 0 0 0 rg BT 338.06 634.75 Td (well\) ) Tj ET Q q 0 0 0 rg BT 362.80 634.75 Td (to ) Tj ET Q q 0 0 0 rg BT 375.34 634.75 Td (put ) Tj ET Q q 0 0 0 rg BT 393.43 634.75 Td (the ) Tj ET Q q 0 0 0 rg BT 411.52 634.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 454.06 634.75 Td (on ) Tj ET Q q 0 0 0 rg BT 469.37 634.75 Td (production. ) Tj ET Q q 0 0 0 rg BT 522.77 634.75 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 622.75 Td (developed ) Tj ET Q q 0 0 0 rg BT 156.93 622.75 Td (category ) Tj ET Q q 0 0 0 rg BT 198.06 622.75 Td (may ) Tj ET Q q 0 0 0 rg BT 219.73 622.75 Td (be ) Tj ET Q q 0 0 0 rg BT 233.63 622.75 Td (subdivided ) Tj ET Q q 0 0 0 rg BT 284.23 622.75 Td (into ) Tj ET Q q 0 0 0 rg BT 303.13 622.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.81 622.75 Td (following ) Tj ET Q q 0 0 0 rg BT 361.50 622.75 Td (categories:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 601.75 Td (i. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.00 601.75 Td (Developed ) Tj ET Q q 0 0 0 rg BT 196.44 601.75 Td (producing ) Tj ET Q q 0 0 0 rg BT 247.20 601.75 Td (reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.35 601.75 Td ( ) Tj ET Q q 0 0 0 rg BT 290.23 601.75 Td (are ) Tj ET Q q 0 0 0 rg BT 306.55 601.75 Td (those ) Tj ET Q q 0 0 0 rg BT 332.89 601.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 373.11 601.75 Td (that ) Tj ET Q q 0 0 0 rg BT 391.66 601.75 Td (are ) Tj ET Q q 0 0 0 rg BT 407.99 601.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 450.45 601.75 Td (to ) Tj ET Q q 0 0 0 rg BT 460.66 601.75 Td (be ) Tj ET Q q 0 0 0 rg BT 473.66 601.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 520.00 601.75 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.00 589.75 Td (completion ) Tj ET Q q 0 0 0 rg BT 196.20 589.75 Td (intervals ) Tj ET Q q 0 0 0 rg BT 237.28 589.75 Td (open ) Tj ET Q q 0 0 0 rg BT 263.37 589.75 Td (at ) Tj ET Q q 0 0 0 rg BT 275.55 589.75 Td (the ) Tj ET Q q 0 0 0 rg BT 293.30 589.75 Td (time ) Tj ET Q q 0 0 0 rg BT 316.03 589.75 Td (of ) Tj ET Q q 0 0 0 rg BT 328.22 589.75 Td (the ) Tj ET Q q 0 0 0 rg BT 345.96 589.75 Td (estimate. ) Tj ET Q q 0 0 0 rg BT 390.13 589.75 Td (These ) Tj ET Q q 0 0 0 rg BT 421.76 589.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 463.95 589.75 Td (may ) Tj ET Q q 0 0 0 rg BT 486.69 589.75 Td (be ) Tj ET Q q 0 0 0 rg BT 501.65 589.75 Td (currently ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.00 577.75 Td (producing ) Tj ET Q q 0 0 0 rg BT 191.83 577.75 Td (or) Tj ET Q q 0 0 0 rg BT 200.17 577.75 Td (, ) Tj ET Q q 0 0 0 rg BT 206.85 577.75 Td (if ) Tj ET Q q 0 0 0 rg BT 215.75 577.75 Td (shut-in, ) Tj ET Q q 0 0 0 rg BT 252.45 577.75 Td (they ) Tj ET Q q 0 0 0 rg BT 275.25 577.75 Td (must ) Tj ET Q q 0 0 0 rg BT 300.83 577.75 Td (have ) Tj ET Q q 0 0 0 rg BT 326.42 577.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 375.34 577.75 Td (been ) Tj ET Q q 0 0 0 rg BT 401.49 577.75 Td (on ) Tj ET Q q 0 0 0 rg BT 416.52 577.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 469.90 577.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.49 577.75 Td (the ) Tj ET Q q 0 0 0 rg BT 508.30 577.75 Td (date ) Tj ET Q q 0 0 0 rg BT 531.66 577.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.00 565.75 Td (resumption ) Tj ET Q q 0 0 0 rg BT 196.25 565.75 Td (of ) Tj ET Q q 0 0 0 rg BT 207.36 565.75 Td (production ) Tj ET Q q 0 0 0 rg BT 256.84 565.75 Td (must ) Tj ET Q q 0 0 0 rg BT 281.29 565.75 Td (be ) Tj ET Q q 0 0 0 rg BT 295.19 565.75 Td (known ) Tj ET Q q 0 0 0 rg BT 326.88 565.75 Td (with ) Tj ET Q q 0 0 0 rg BT 347.44 565.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 399.70 565.75 Td (certainty) Tj ET Q q 0 0 0 rg BT 436.75 565.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 544.75 Td (ii. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.00 544.75 Td (Developed ) Tj ET Q q 0 0 0 rg BT 198.74 544.75 Td (non-producing ) Tj ET Q q 0 0 0 rg BT 273.44 544.75 Td (reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 314.59 544.75 Td ( ) Tj ET Q q 0 0 0 rg BT 318.76 544.75 Td (are ) Tj ET Q q 0 0 0 rg BT 337.38 544.75 Td (those ) Tj ET Q q 0 0 0 rg BT 366.01 544.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 408.52 544.75 Td (that ) Tj ET Q q 0 0 0 rg BT 429.36 544.75 Td (either ) Tj ET Q q 0 0 0 rg BT 458.54 544.75 Td (have ) Tj ET Q q 0 0 0 rg BT 484.39 544.75 Td (not ) Tj ET Q q 0 0 0 rg BT 502.46 544.75 Td (been ) Tj ET Q q 0 0 0 rg BT 528.87 544.75 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.00 532.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 198.75 532.75 Td (or ) Tj ET Q q 0 0 0 rg BT 212.91 532.75 Td (have ) Tj ET Q q 0 0 0 rg BT 239.87 532.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 290.16 532.75 Td (been ) Tj ET Q q 0 0 0 rg BT 317.68 532.75 Td (on ) Tj ET Q q 0 0 0 rg BT 334.08 532.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 388.83 532.75 Td (but ) Tj ET Q q 0 0 0 rg BT 408.00 532.75 Td (are ) Tj ET Q q 0 0 0 rg BT 427.73 532.75 Td (shut-in, ) Tj ET Q q 0 0 0 rg BT 465.79 532.75 Td (and ) Tj ET Q q 0 0 0 rg BT 487.75 532.75 Td (the ) Tj ET Q q 0 0 0 rg BT 506.92 532.75 Td (date ) Tj ET Q q 0 0 0 rg BT 531.66 532.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.00 520.75 Td (resumption ) Tj ET Q q 0 0 0 rg BT 196.25 520.75 Td (of ) Tj ET Q q 0 0 0 rg BT 207.36 520.75 Td (production ) Tj ET Q q 0 0 0 rg BT 256.84 520.75 Td (is ) Tj ET Q q 0 0 0 rg BT 266.84 520.75 Td (unknown.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 499.75 Td (\(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 499.75 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 173.83 499.75 Td (reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.98 499.75 Td ( ) Tj ET Q q 0 0 0 rg BT 218.02 499.75 Td (are ) Tj ET Q q 0 0 0 rg BT 235.52 499.75 Td (those ) Tj ET Q q 0 0 0 rg BT 263.02 499.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 304.41 499.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 348.04 499.75 Td (to ) Tj ET Q q 0 0 0 rg BT 359.42 499.75 Td (be ) Tj ET Q q 0 0 0 rg BT 373.58 499.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 421.09 499.75 Td (from ) Tj ET Q q 0 0 0 rg BT 444.13 499.75 Td (known ) Tj ET Q q 0 0 0 rg BT 476.08 499.75 Td (accumulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 487.75 Td (where ) Tj ET Q q 0 0 0 rg BT 137.15 487.75 Td (a ) Tj ET Q q 0 0 0 rg BT 144.63 487.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 191.02 487.75 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 245.19 487.75 Td (\(for ) Tj ET Q q 0 0 0 rg BT 262.11 487.75 Td (example, ) Tj ET Q q 0 0 0 rg BT 304.60 487.75 Td (when ) Tj ET Q q 0 0 0 rg BT 330.43 487.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 376.81 487.75 Td (to ) Tj ET Q q 0 0 0 rg BT 387.07 487.75 Td (the ) Tj ET Q q 0 0 0 rg BT 402.89 487.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 423.14 487.75 Td (of ) Tj ET Q q 0 0 0 rg BT 433.40 487.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 464.22 487.75 Td (a ) Tj ET Q q 0 0 0 rg BT 471.70 487.75 Td (well\) ) Tj ET Q q 0 0 0 rg BT 494.17 487.75 Td (is ) Tj ET Q q 0 0 0 rg BT 503.31 487.75 Td (required ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 475.75 Td (to ) Tj ET Q q 0 0 0 rg BT 120.85 475.75 Td (render ) Tj ET Q q 0 0 0 rg BT 154.28 475.75 Td (them ) Tj ET Q q 0 0 0 rg BT 181.02 475.75 Td (capable ) Tj ET Q q 0 0 0 rg BT 220.57 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 233.42 475.75 Td (production. ) Tj ET Q q 0 0 0 rg BT 287.12 475.75 Td (They ) Tj ET Q q 0 0 0 rg BT 313.86 475.75 Td (must ) Tj ET Q q 0 0 0 rg BT 340.05 475.75 Td (fully ) Tj ET Q q 0 0 0 rg BT 362.35 475.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 389.09 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 407.51 475.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 470.38 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 483.24 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 501.65 475.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 463.75 Td (classification ) Tj ET Q q 0 0 0 rg BT 167.47 463.75 Td (\(proved ) Tj ET Q q 0 0 0 rg BT 204.15 463.75 Td (or ) Tj ET Q q 0 0 0 rg BT 215.82 463.75 Td (probable\) ) Tj ET Q q 0 0 0 rg BT 260.85 463.75 Td (to ) Tj ET Q q 0 0 0 rg BT 271.97 463.75 Td (which ) Tj ET Q q 0 0 0 rg BT 300.31 463.75 Td (they ) Tj ET Q q 0 0 0 rg BT 321.99 463.75 Td (are ) Tj ET Q q 0 0 0 rg BT 339.23 463.75 Td (assigned.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I6 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 264.95 430.75 Td (ABBREVIA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 316.43 430.75 Td (TIONS) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 75 397.771728515625 m 193.01953125 397.771728515625 l s q 0 0 0 rg BT 75.00 399.20 Td (Oil and Natural Gas Liquids) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 325 397.771728515625 m 375.51953125 397.771728515625 l s q 0 0 0 rg BT 325.00 399.20 Td (Natural Gas) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 372.20 Td (bbl) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 372.20 Td (barrel) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 372.20 Td (Mcf) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 372.20 Td (thousand cubic feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 359.20 Td (Mbbl) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 359.20 Td (thousand barrels) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 359.20 Td (MMcf) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 359.20 Td (million cubic feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 346.20 Td (MMbbl) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 346.20 Td (million barrels) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 346.20 Td (Bcf) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 346.20 Td (billion cubic feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 333.20 Td (NGL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 333.20 Td (natural gas liquids) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 333.20 Td (Mcf/d) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 333.20 Td (thousand cubic feet per day) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 320.20 Td (bbl/d) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 320.20 Td (barrels per day) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 320.20 Td (MMcf/d) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 320.20 Td (million cubic feet per day) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 307.20 Td (m) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 332.50 311.49 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 307.20 Td (cubic metres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 294.20 Td (MMbtu) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 294.20 Td (million British ) Tj ET Q q 0 0 0 rg BT 421.43 294.20 Td (Thermal Units) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 75 270.771728515625 m 99.0029296875 270.771728515625 l s q 0 0 0 rg BT 75.00 272.20 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 255.20 Td (API) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 255.20 Td (the measure of the density or gravity of liquid petroleum products as compared to water) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 242.20 Td (BOE or) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 233.20 Td (boe) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 242.20 Td (barrel ) Tj ET Q q 0 0 0 rg BT 144.50 242.20 Td (of ) Tj ET Q q 0 0 0 rg BT 154.49 242.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 165.98 242.20 Td (equivalent, ) Tj ET Q q 0 0 0 rg BT 212.00 242.20 Td (using ) Tj ET Q q 0 0 0 rg BT 236.00 242.20 Td (the ) Tj ET Q q 0 0 0 rg BT 251.00 242.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 297.01 242.20 Td (factor ) Tj ET Q q 0 0 0 rg BT 322.01 242.20 Td (of ) Tj ET Q q 0 0 0 rg BT 332.00 242.20 Td (six ) Tj ET Q q 0 0 0 rg BT 345.48 242.20 Td (Mcf ) Tj ET Q q 0 0 0 rg BT 362.47 242.20 Td (of ) Tj ET Q q 0 0 0 rg BT 372.46 242.20 Td (natural ) Tj ET Q q 0 0 0 rg BT 402.47 242.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 419.46 242.20 Td (being ) Tj ET Q q 0 0 0 rg BT 443.97 242.20 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 487.49 242.20 Td (to ) Tj ET Q q 0 0 0 rg BT 497.48 242.20 Td (one ) Tj ET Q q 0 0 0 rg BT 514.99 242.20 Td (bbl ) Tj ET Q q 0 0 0 rg BT 529.48 242.20 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 233.20 Td (oil. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 132.62 233.20 Td (BOEs ) Tj ET Q q 0 0 0 rg BT 159.24 233.20 Td (may ) Tj ET Q q 0 0 0 rg BT 179.37 233.20 Td (be ) Tj ET Q q 0 0 0 rg BT 191.98 233.20 Td (misleading, ) Tj ET Q q 0 0 0 rg BT 243.61 233.20 Td (particularly ) Tj ET Q q 0 0 0 rg BT 294.24 233.20 Td (if ) Tj ET Q q 0 0 0 rg BT 301.85 233.20 Td (used ) Tj ET Q q 0 0 0 rg BT 324.97 233.20 Td (in ) Tj ET Q q 0 0 0 rg BT 335.08 233.20 Td (isolation. ) Tj ET Q q 0 0 0 rg BT 376.42 233.20 Td (A) Tj ET Q q 0 0 0 rg BT 382.58 233.20 Td ( ) Tj ET Q q 0 0 0 rg BT 384.70 233.20 Td (BOE ) Tj ET Q q 0 0 0 rg BT 406.31 233.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 456.44 233.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 478.06 233.20 Td (of ) Tj ET Q q 0 0 0 rg BT 488.66 233.20 Td (6 ) Tj ET Q q 0 0 0 rg BT 495.78 233.20 Td (Mcf: ) Tj ET Q q 0 0 0 rg BT 516.39 233.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 523.51 233.20 Td (bbl ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 119.00 224.20 Td (is ) Tj ET Q q 0 0 0 rg BT 129.54 224.20 Td (based ) Tj ET Q q 0 0 0 rg BT 158.58 224.20 Td (on ) Tj ET Q q 0 0 0 rg BT 172.60 224.20 Td (an ) Tj ET Q q 0 0 0 rg BT 186.13 224.20 Td (energy ) Tj ET Q q 0 0 0 rg BT 218.68 224.20 Td (equivalency ) Tj ET Q q 0 0 0 rg BT 273.23 224.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 324.27 224.20 Td (method ) Tj ET Q q 0 0 0 rg BT 359.80 224.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 400.85 224.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 447.89 224.20 Td (at ) Tj ET Q q 0 0 0 rg BT 458.92 224.20 Td (the ) Tj ET Q q 0 0 0 rg BT 475.45 224.20 Td (burner ) Tj ET Q q 0 0 0 rg BT 506.99 224.20 Td (tip ) Tj ET Q q 0 0 0 rg BT 521.01 224.20 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 119.00 215.20 Td (does ) Tj ET Q q 0 0 0 rg BT 142.51 215.20 Td (not ) Tj ET Q q 0 0 0 rg BT 159.00 215.20 Td (represent ) Tj ET Q q 0 0 0 rg BT 202.52 215.20 Td (a ) Tj ET Q q 0 0 0 rg BT 210.02 215.20 Td (value ) Tj ET Q q 0 0 0 rg BT 235.54 215.20 Td (equivalency ) Tj ET Q q 0 0 0 rg BT 289.56 215.20 Td (at ) Tj ET Q q 0 0 0 rg BT 300.07 215.20 Td (the ) Tj ET Q q 0 0 0 rg BT 316.07 215.20 Td (wellhead.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 198.20 Td (boe/d) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 198.20 Td (barrels of oil equivalent per day) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 198.20 Td (LLS) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 198.20 Td (Louisiana Light Sweet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 185.20 Td (Mboe) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 185.20 Td (thousand barrels of oil equivalent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 185.20 Td (MSW) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 185.20 Td (Mixed Sweet Blend) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 172.20 Td (MMboe) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 172.20 Td (million barrels of oil equivalent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 172.20 Td (WTI) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 172.20 Td (W) Tj ET Q q 0 0 0 rg BT 374.41 172.20 Td (est ) Tj ET Q q 0 0 0 rg BT 388.76 172.20 Td (T) Tj ET Q q 0 0 0 rg BT 393.67 172.20 Td (exas Intermediate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 158.95 Td (NYMEX) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 158.95 Td (the New ) Tj ET Q q 0 0 0 rg BT 154.44 158.95 Td (Y) Tj ET Q q 0 0 0 rg BT 159.94 158.95 Td (ork Mercantile Exchange) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 158.95 Td (WCS) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 158.95 Td (W) Tj ET Q q 0 0 0 rg BT 374.41 158.95 Td (estern Canadian Select) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 138.95 Td (AECO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 143.45 Td (the ) Tj ET Q q 0 0 0 rg BT 132.88 143.45 Td (natural ) Tj ET Q q 0 0 0 rg BT 161.76 143.45 Td (gas ) Tj ET Q q 0 0 0 rg BT 177.64 143.45 Td (storage ) Tj ET Q q 0 0 0 rg BT 209.02 143.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 235.39 143.45 Td (located ) Tj ET Q q 0 0 0 rg BT 265.78 143.45 Td (at ) Tj ET Q q 0 0 0 rg BT 274.65 143.45 Td (Suf) Tj ET Q q 0 0 0 rg BT 287.99 143.45 Td (field, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.00 134.45 Td (Alberta) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 145.20 Td ($ Million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 145.20 Td (millions of dollars) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.00 132.20 Td ($000s) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.00 132.20 Td (thousands of dollars) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.40 43.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 218.95 712.75 Td (CONVERSIONS ) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 295.26 712.75 Td (AND CONVENTIONS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 688.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.78 688.75 Td (following ) Tj ET Q q 0 0 0 rg BT 135.23 688.75 Td (table ) Tj ET Q q 0 0 0 rg BT 160.46 688.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 182.35 688.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 205.90 688.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 239.46 688.75 Td (conversions ) Tj ET Q q 0 0 0 rg BT 296.37 688.75 Td (between ) Tj ET Q q 0 0 0 rg BT 337.72 688.75 Td (Standard ) Tj ET Q q 0 0 0 rg BT 381.85 688.75 Td (Imperial ) Tj ET Q q 0 0 0 rg BT 420.96 688.75 Td (Units ) Tj ET Q q 0 0 0 rg BT 447.29 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 467.52 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 484.96 688.75 Td (International ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (System ) Tj ET Q q 0 0 0 rg BT 108.12 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.24 676.75 Td (Units ) Tj ET Q q 0 0 0 rg BT 144.80 676.75 Td (\(or ) Tj ET Q q 0 0 0 rg BT 159.80 676.75 Td (metric ) Tj ET Q q 0 0 0 rg BT 189.80 676.75 Td (units\).) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 144.5 646.771728515625 m 216.3330078125 646.771728515625 l s q 0 0 0 rg BT 144.50 648.20 Td (T) Tj ET Q q 0 0 0 rg BT 149.66 648.20 Td (o Convert From) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 284.5 646.771728515625 m 294.8271484375 646.771728515625 l s q 0 0 0 rg BT 284.50 648.20 Td (T) Tj ET Q q 0 0 0 rg BT 289.33 648.20 Td (o) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 417.45 646.771728515625 m 465.45146484375 646.771728515625 l s q 0 0 0 rg BT 417.45 648.20 Td (Multiply By) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 628.20 Td (Mcf) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 628.20 Td (Cubic metres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.95 628.20 Td (28.174) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 615.20 Td (Cubic metres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 615.20 Td (Cubic feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.95 615.20 Td (35.494) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 602.20 Td (Bbl) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 602.20 Td (Cubic metres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 602.20 Td (0.159) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 589.20 Td (Cubic metres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 589.20 Td (Bbl) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 589.20 Td (6.293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 576.20 Td (Feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 576.20 Td (Metres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 576.20 Td (0.305) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 563.20 Td (Metres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 563.20 Td (Feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 563.20 Td (3.281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 550.20 Td (Miles) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 550.20 Td (Kilometres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 550.20 Td (1.609) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 537.20 Td (Kilometres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 537.20 Td (Miles) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 537.20 Td (0.621) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 524.20 Td (Acres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 524.20 Td (Hectares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 524.20 Td (0.405) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.50 511.20 Td (Hectares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.50 511.20 Td (Acres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 511.20 Td (2.471) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 486.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 107.15 486.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 135.07 486.75 Td (used ) Tj ET Q q 0 0 0 rg BT 159.67 486.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 190.38 486.75 Td (are ) Tj ET Q q 0 0 0 rg BT 207.75 486.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 243.47 486.75 Td (in ) Tj ET Q q 0 0 0 rg BT 254.17 486.75 Td (NI ) Tj ET Q q 0 0 0 rg BT 267.09 486.75 Td (51-101 ) Tj ET Q q 0 0 0 rg BT 301.14 486.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 323.52 486.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 355.34 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 372.16 486.75 Td (context ) Tj ET Q q 0 0 0 rg BT 407.31 486.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 453.03 486.75 Td (requires, ) Tj ET Q q 0 0 0 rg BT 494.85 486.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 518.33 486.75 Td (have ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.12 474.75 Td (same ) Tj ET Q q 0 0 0 rg BT 114.78 474.75 Td (meanings ) Tj ET Q q 0 0 0 rg BT 160.36 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 170.35 474.75 Td (this ) Tj ET Q q 0 0 0 rg BT 187.69 474.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 221.04 474.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 273.28 474.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 298.82 474.75 Td (as ) Tj ET Q q 0 0 0 rg BT 311.60 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 321.59 474.75 Td (NI ) Tj ET Q q 0 0 0 rg BT 333.81 474.75 Td (51-101. ) Tj ET Q q 0 0 0 rg BT 369.94 474.75 Td (Unless ) Tj ET Q q 0 0 0 rg BT 402.72 474.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 447.73 474.75 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 492.75 474.75 Td (references ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.99 462.75 Td (this ) Tj ET Q q 0 0 0 rg BT 101.12 462.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 135.46 462.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 188.69 462.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 215.22 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 226.77 462.75 Td ("$" ) Tj ET Q q 0 0 0 rg BT 242.63 462.75 Td (or ) Tj ET Q q 0 0 0 rg BT 254.73 462.75 Td ("dollars" ) Tj ET Q q 0 0 0 rg BT 294.49 462.75 Td (are ) Tj ET Q q 0 0 0 rg BT 312.15 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 323.69 462.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 369.71 462.75 Td (dollars ) Tj ET Q q 0 0 0 rg BT 402.37 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 422.26 462.75 Td (references ) Tj ET Q q 0 0 0 rg BT 472.71 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 484.25 462.75 Td ("US$" ) Tj ET Q q 0 0 0 rg BT 514.01 462.75 Td (are ) Tj ET Q q 0 0 0 rg BT 531.66 462.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 450.75 Td (United ) Tj ET Q q 0 0 0 rg BT 102.77 450.75 Td (States ) Tj ET Q q 0 0 0 rg BT 132.98 450.75 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 167.08 450.75 Td ( ) Tj ET Q q 0 0 0 rg BT 168.57 450.75 Td (All ) Tj ET Q q 0 0 0 rg BT 181.55 450.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 220.10 450.75 Td (information ) Tj ET Q q 0 0 0 rg BT 271.43 450.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 316.66 450.75 Td (in ) Tj ET Q q 0 0 0 rg BT 326.31 450.75 Td (this ) Tj ET Q q 0 0 0 rg BT 343.36 450.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 376.36 450.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 428.25 450.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 453.44 450.75 Td (has ) Tj ET Q q 0 0 0 rg BT 471.43 450.75 Td (been ) Tj ET Q q 0 0 0 rg BT 495.54 450.75 Td (presented ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.04 438.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 127.11 438.75 Td (dollars ) Tj ET Q q 0 0 0 rg BT 158.82 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 168.86 438.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 222.82 438.75 Td (with ) Tj ET Q q 0 0 0 rg BT 242.85 438.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 287.92 438.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 314.42 438.75 Td (. ) Tj ET Q q 0 0 0 rg BT 319.01 438.75 Td (All ) Tj ET Q q 0 0 0 rg BT 332.38 438.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 384.12 438.75 Td (information ) Tj ET Q q 0 0 0 rg BT 435.84 438.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 481.46 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 491.50 438.75 Td (this ) Tj ET Q q 0 0 0 rg BT 508.87 438.75 Td (Annual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 426.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 124.80 426.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 150.91 426.75 Td (relates ) Tj ET Q q 0 0 0 rg BT 183.70 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 194.82 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 212.05 426.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 270.98 426.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 320.46 426.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 352.15 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 368.83 426.75 Td (context ) Tj ET Q q 0 0 0 rg BT 403.85 426.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 449.42 426.75 Td (requires.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I7 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 235.05 393.75 Td (SPECIAL) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 278.21 393.75 Td ( NOTES T) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 324.14 393.75 Td (O READER) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 369.75 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 156.44 369.75 Td (Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 348.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.95 348.75 Td (the ) Tj ET Q q 0 0 0 rg BT 101.46 348.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 137.86 348.75 Td (of ) Tj ET Q q 0 0 0 rg BT 149.81 348.75 Td (providing ) Tj ET Q q 0 0 0 rg BT 194.00 348.75 Td (our ) Tj ET Q q 0 0 0 rg BT 212.06 348.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 275.15 348.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.44 348.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 336.86 348.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 380.48 348.75 Td (with ) Tj ET Q q 0 0 0 rg BT 401.87 348.75 Td (information ) Tj ET Q q 0 0 0 rg BT 454.95 348.75 Td (about ) Tj ET Q q 0 0 0 rg BT 483.58 348.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 500.53 348.75 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 336.75 Td (management's ) Tj ET Q q 0 0 0 rg BT 139.43 336.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 194.93 336.75 Td (of ) Tj ET Q q 0 0 0 rg BT 205.42 336.75 Td (our ) Tj ET Q q 0 0 0 rg BT 222.02 336.75 Td (future ) Tj ET Q q 0 0 0 rg BT 249.74 336.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 275.80 336.75 Td (and ) Tj ET Q q 0 0 0 rg BT 294.63 336.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 346.26 336.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 378.42 336.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 429.48 336.75 Td (in ) Tj ET Q q 0 0 0 rg BT 439.41 336.75 Td (this ) Tj ET Q q 0 0 0 rg BT 456.70 336.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 489.98 336.75 Td (Information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 324.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 97.90 324.75 Td (are ) Tj ET Q q 0 0 0 rg BT 114.93 324.75 Td ("forward-looking ) Tj ET Q q 0 0 0 rg BT 189.42 324.75 Td (statements" ) Tj ET Q q 0 0 0 rg BT 244.45 324.75 Td (within ) Tj ET Q q 0 0 0 rg BT 272.59 324.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.07 324.75 Td (meaning ) Tj ET Q q 0 0 0 rg BT 330.00 324.75 Td (of ) Tj ET Q q 0 0 0 rg BT 340.91 324.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 357.39 324.75 Td (United ) Tj ET Q q 0 0 0 rg BT 388.87 324.75 Td (States ) Tj ET Q q 0 0 0 rg BT 419.79 324.75 Td (Private ) Tj ET Q q 0 0 0 rg BT 453.48 324.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 499.96 324.75 Td (Litigation ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 312.75 Td (Reform ) Tj ET Q q 0 0 0 rg BT 106.96 312.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 123.92 312.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.77 312.75 Td (1995) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.02 312.75 Td ( ) Tj ET Q q 0 0 0 rg BT 159.53 312.75 Td (and ) Tj ET Q q 0 0 0 rg BT 178.73 312.75 Td ("forward-looking ) Tj ET Q q 0 0 0 rg BT 253.15 312.75 Td (information" ) Tj ET Q q 0 0 0 rg BT 308.68 312.75 Td (within ) Tj ET Q q 0 0 0 rg BT 336.76 312.75 Td (the ) Tj ET Q q 0 0 0 rg BT 353.18 312.75 Td (meaning ) Tj ET Q q 0 0 0 rg BT 394.05 312.75 Td (of ) Tj ET Q q 0 0 0 rg BT 404.90 312.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 452.45 312.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 497.77 312.75 Td (securities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 300.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 119.79 300.75 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 170.73 300.75 Td (, ) Tj ET Q q 0 0 0 rg BT 176.82 300.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.37 300.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 259.24 300.75 Td (statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.04 300.75 Td ("\). ) Tj ET Q q 0 0 0 rg BT 325.01 300.75 Td ( ) Tj ET Q q 0 0 0 rg BT 328.33 300.75 Td (In ) Tj ET Q q 0 0 0 rg BT 339.99 300.75 Td (some ) Tj ET Q q 0 0 0 rg BT 367.76 300.75 Td (cases, ) Tj ET Q q 0 0 0 rg BT 399.98 300.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 471.66 300.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 523.88 300.75 Td (can ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 288.75 Td (be ) Tj ET Q q 0 0 0 rg BT 88.59 288.75 Td (identified ) Tj ET Q q 0 0 0 rg BT 134.09 288.75 Td (by ) Tj ET Q q 0 0 0 rg BT 150.13 288.75 Td (terminology ) Tj ET Q q 0 0 0 rg BT 207.29 288.75 Td (such ) Tj ET Q q 0 0 0 rg BT 233.88 288.75 Td (as ) Tj ET Q q 0 0 0 rg BT 249.91 288.75 Td ("anticipate", ) Tj ET Q q 0 0 0 rg BT 308.07 288.75 Td ("believe", ) Tj ET Q q 0 0 0 rg BT 355.11 288.75 Td ("continue", ) Tj ET Q q 0 0 0 rg BT 408.26 288.75 Td ("could", ) Tj ET Q q 0 0 0 rg BT 447.52 288.75 Td ("estimate", ) Tj ET Q q 0 0 0 rg BT 500.66 288.75 Td ("expect", ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 276.75 Td ("forecast", ) Tj ET Q q 0 0 0 rg BT 120.31 276.75 Td ("intend", ) Tj ET Q q 0 0 0 rg BT 160.29 276.75 Td ("may", ) Tj ET Q q 0 0 0 rg BT 191.91 276.75 Td ("objective", ) Tj ET Q q 0 0 0 rg BT 244.12 276.75 Td ("ongoing", ) Tj ET Q q 0 0 0 rg BT 292.44 276.75 Td ("outlook", ) Tj ET Q q 0 0 0 rg BT 337.42 276.75 Td ("potential", ) Tj ET Q q 0 0 0 rg BT 387.97 276.75 Td ("project", ) Tj ET Q q 0 0 0 rg BT 430.71 276.75 Td ("plan", ) Tj ET Q q 0 0 0 rg BT 462.36 276.75 Td ("should", ) Tj ET Q q 0 0 0 rg BT 504.56 276.75 Td ("target", ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 264.75 Td ("would", ) Tj ET Q q 0 0 0 rg BT 111.38 264.75 Td ("will" ) Tj ET Q q 0 0 0 rg BT 135.74 264.75 Td (or ) Tj ET Q q 0 0 0 rg BT 148.00 264.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 180.26 264.75 Td (words ) Tj ET Q q 0 0 0 rg BT 210.31 264.75 Td (suggesting ) Tj ET Q q 0 0 0 rg BT 262.05 264.75 Td (future ) Tj ET Q q 0 0 0 rg BT 290.99 264.75 Td (outcomes, ) Tj ET Q q 0 0 0 rg BT 340.50 264.75 Td (events ) Tj ET Q q 0 0 0 rg BT 373.33 264.75 Td (or ) Tj ET Q q 0 0 0 rg BT 385.60 264.75 Td (performance. ) Tj ET Q q 0 0 0 rg BT 447.89 264.75 Td ( ) Tj ET Q q 0 0 0 rg BT 451.04 264.75 Td (The ) Tj ET Q q 0 0 0 rg BT 471.64 264.75 Td (forward-looking ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 252.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 124.00 252.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 170.47 252.75 Td (in ) Tj ET Q q 0 0 0 rg BT 181.34 252.75 Td (this ) Tj ET Q q 0 0 0 rg BT 199.38 252.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 233.61 252.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 286.73 252.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 313.16 252.75 Td (speak ) Tj ET Q q 0 0 0 rg BT 342.93 252.75 Td (only ) Tj ET Q q 0 0 0 rg BT 364.37 252.75 Td (as ) Tj ET Q q 0 0 0 rg BT 378.03 252.75 Td (of ) Tj ET Q q 0 0 0 rg BT 389.46 252.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.45 252.75 Td (date ) Tj ET Q q 0 0 0 rg BT 429.01 252.75 Td (hereof ) Tj ET Q q 0 0 0 rg BT 460.46 252.75 Td (and ) Tj ET Q q 0 0 0 rg BT 480.24 252.75 Td (are ) Tj ET Q q 0 0 0 rg BT 497.78 252.75 Td (expressly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 240.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 112.03 240.75 Td (by ) Tj ET Q q 0 0 0 rg BT 125.37 240.75 Td (this ) Tj ET Q q 0 0 0 rg BT 143.71 240.75 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 192.63 240.75 Td (statement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 219.75 Td (Specifically) Tj ET Q q 0 0 0 rg BT 121.28 219.75 Td (, ) Tj ET Q q 0 0 0 rg BT 126.37 219.75 Td (this ) Tj ET Q q 0 0 0 rg BT 143.79 219.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 177.24 219.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 229.58 219.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 255.23 219.75 Td (contains ) Tj ET Q q 0 0 0 rg BT 294.79 219.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 365.47 219.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 416.70 219.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 451.81 219.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 465.25 219.75 Td (but ) Tj ET Q q 0 0 0 rg BT 481.46 219.75 Td (not ) Tj ET Q q 0 0 0 rg BT 497.68 219.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 528.89 219.75 Td (to: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 207.75 Td (our ) Tj ET Q q 0 0 0 rg BT 89.60 207.75 Td (business ) Tj ET Q q 0 0 0 rg BT 132.21 207.75 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 181.48 207.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 208.53 207.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.36 207.75 Td (objectives; ) Tj ET Q q 0 0 0 rg BT 278.75 207.75 Td (our ) Tj ET Q q 0 0 0 rg BT 296.35 207.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 321.73 207.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 353.78 207.75 Td (budget; ) Tj ET Q q 0 0 0 rg BT 390.29 207.75 Td (our ) Tj ET Q q 0 0 0 rg BT 407.89 207.75 Td (goal ) Tj ET Q q 0 0 0 rg BT 429.94 207.75 Td (of ) Tj ET Q q 0 0 0 rg BT 441.42 207.75 Td (building ) Tj ET Q q 0 0 0 rg BT 479.04 207.75 Td (value ) Tj ET Q q 0 0 0 rg BT 506.08 207.75 Td (through ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 195.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 107.25 195.75 Td (property ) Tj ET Q q 0 0 0 rg BT 146.40 195.75 Td (development ) Tj ET Q q 0 0 0 rg BT 206.11 195.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.26 195.75 Td (selective ) Tj ET Q q 0 0 0 rg BT 266.62 195.75 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 324.11 195.75 Td (our ) Tj ET Q q 0 0 0 rg BT 341.02 195.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 362.38 195.75 Td (to ) Tj ET Q q 0 0 0 rg BT 373.18 195.75 Td (release ) Tj ET Q q 0 0 0 rg BT 408.43 195.75 Td (a ) Tj ET Q q 0 0 0 rg BT 416.45 195.75 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 476.16 195.75 Td (report ) Tj ET Q q 0 0 0 rg BT 504.74 195.75 Td (in ) Tj ET Q q 0 0 0 rg BT 514.98 195.75 Td (2019; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 183.75 Td (development ) Tj ET Q q 0 0 0 rg BT 131.93 183.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 158.50 183.75 Td (for ) Tj ET Q q 0 0 0 rg BT 172.83 183.75 Td (our ) Tj ET Q q 0 0 0 rg BT 189.95 183.75 Td (properties; ) Tj ET Q q 0 0 0 rg BT 239.86 183.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 299.80 183.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 326.37 183.75 Td (expiries; ) Tj ET Q q 0 0 0 rg BT 366.27 183.75 Td ( ) Tj ET Q q 0 0 0 rg BT 368.94 183.75 Td (the ) Tj ET Q q 0 0 0 rg BT 385.50 183.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 426.52 183.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.52 183.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 461.31 183.75 Td (income ) Tj ET Q q 0 0 0 rg BT 496.21 183.75 Td (taxes; ) Tj ET Q q 0 0 0 rg BT 525.56 183.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 171.75 Td (working ) Tj ET Q q 0 0 0 rg BT 108.85 171.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 144.04 171.75 Td (production ) Tj ET Q q 0 0 0 rg BT 193.13 171.75 Td (volume ) Tj ET Q q 0 0 0 rg BT 227.76 171.75 Td (for ) Tj ET Q q 0 0 0 rg BT 241.82 171.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 266.46 171.75 Td (based ) Tj ET Q q 0 0 0 rg BT 296.10 171.75 Td (on ) Tj ET Q q 0 0 0 rg BT 309.62 171.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.91 171.75 Td (future ) Tj ET Q q 0 0 0 rg BT 353.88 171.75 Td (net ) Tj ET Q q 0 0 0 rg BT 370.17 171.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 408.70 171.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 452.78 171.75 Td (in ) Tj ET Q q 0 0 0 rg BT 462.96 171.75 Td (our ) Tj ET Q q 0 0 0 rg BT 479.81 171.75 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 523.32 171.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 159.75 Td (we ) Tj ET Q q 0 0 0 rg BT 86.53 159.75 Td (market ) Tj ET Q q 0 0 0 rg BT 118.84 159.75 Td (our ) Tj ET Q q 0 0 0 rg BT 135.05 159.75 Td (production ) Tj ET Q q 0 0 0 rg BT 183.50 159.75 Td (with ) Tj ET Q q 0 0 0 rg BT 203.03 159.75 Td (attention ) Tj ET Q q 0 0 0 rg BT 243.14 159.75 Td (to ) Tj ET Q q 0 0 0 rg BT 253.23 159.75 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 304.99 159.75 Td (value ) Tj ET Q q 0 0 0 rg BT 330.65 159.75 Td (and ) Tj ET Q q 0 0 0 rg BT 349.08 159.75 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 406.42 159.75 Td (performance; ) Tj ET Q q 0 0 0 rg BT 467.09 159.75 Td (the ) Tj ET Q q 0 0 0 rg BT 482.74 159.75 Td (development ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 147.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 98.00 147.75 Td (for ) Tj ET Q q 0 0 0 rg BT 111.76 147.75 Td (our ) Tj ET Q q 0 0 0 rg BT 128.30 147.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 187.67 147.75 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 230.88 147.75 Td (our ) Tj ET Q q 0 0 0 rg BT 247.42 147.75 Td (future ) Tj ET Q q 0 0 0 rg BT 275.08 147.75 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 338.34 147.75 Td (and ) Tj ET Q q 0 0 0 rg BT 357.11 147.75 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 410.89 147.75 Td (liabilities; ) Tj ET Q q 0 0 0 rg BT 453.55 147.75 Td (our ) Tj ET Q q 0 0 0 rg BT 470.10 147.75 Td (funding ) Tj ET Q q 0 0 0 rg BT 504.99 147.75 Td (sources ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 135.75 Td (for ) Tj ET Q q 0 0 0 rg BT 85.84 135.75 Td (development ) Tj ET Q q 0 0 0 rg BT 145.27 135.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 176.35 135.75 Td (expenditures; ) Tj ET Q q 0 0 0 rg BT 238.56 135.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.64 135.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 286.26 135.75 Td (of ) Tj ET Q q 0 0 0 rg BT 296.77 135.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 332.85 135.75 Td (and ) Tj ET Q q 0 0 0 rg BT 351.71 135.75 Td (proposed ) Tj ET Q q 0 0 0 rg BT 395.58 135.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 458.34 135.75 Td (and ) Tj ET Q q 0 0 0 rg BT 477.20 135.75 Td (environmental ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 123.75 Td (regulation; ) Tj ET Q q 0 0 0 rg BT 120.77 123.75 Td (our ) Tj ET Q q 0 0 0 rg BT 137.28 123.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 176.60 123.75 Td (policy; ) Tj ET Q q 0 0 0 rg BT 207.01 123.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.76 123.75 Td (our ) Tj ET Q q 0 0 0 rg BT 242.28 123.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 297.70 123.75 Td (of ) Tj ET Q q 0 0 0 rg BT 308.11 123.75 Td (our ) Tj ET Q q 0 0 0 rg BT 324.63 123.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 340.03 123.75 Td (filing ) Tj ET Q q 0 0 0 rg BT 362.66 123.75 Td (position ) Tj ET Q q 0 0 0 rg BT 399.20 123.75 Td (for ) Tj ET Q q 0 0 0 rg BT 412.93 123.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.90 123.75 Td (years ) Tj ET Q q 0 0 0 rg BT 455.42 123.75 Td (201) Tj ET Q q 0 0 0 rg BT 471.36 123.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 478.99 123.75 Td (through ) Tj ET Q q 0 0 0 rg BT 514.97 123.75 Td (2015. ) Tj ET Q q 0 0 0 rg BT 542.77 123.75 Td ( ) Tj ET Q q 0 0 0 rg BT 545.55 123.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 102.75 Td (In ) Tj ET Q q 0 0 0 rg BT 81.81 102.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.09 102.75 Td (there ) Tj ET Q q 0 0 0 rg BT 145.35 102.75 Td (are ) Tj ET Q q 0 0 0 rg BT 161.28 102.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 231.11 102.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 281.49 102.75 Td (in ) Tj ET Q q 0 0 0 rg BT 290.75 102.75 Td (this ) Tj ET Q q 0 0 0 rg BT 307.49 102.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 340.10 102.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 391.59 102.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 416.39 102.75 Td (under ) Tj ET Q q 0 0 0 rg BT 443.44 102.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.81 102.75 Td (headings ) Tj ET Q q 0 0 0 rg BT 500.87 102.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 504.42 102.75 Td (General ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 90.75 Td (Description ) Tj ET Q q 0 0 0 rg BT 124.90 90.75 Td (of ) Tj ET Q q 0 0 0 rg BT 136.13 90.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 155.68 90.75 Td (Business) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 196.26 90.75 Td (" ) Tj ET Q q 0 0 0 rg BT 202.69 90.75 Td (and) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 219.38 90.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 222.26 90.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 225.81 90.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 274.28 90.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.50 90.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 330.62 90.75 Td (Data) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.74 90.75 Td (" ) Tj ET Q q 0 0 0 rg BT 358.18 90.75 Td (as ) Tj ET Q q 0 0 0 rg BT 371.62 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 382.85 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 400.19 90.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 444.19 90.75 Td (including ) Tj ET Q q 0 0 0 rg BT 486.55 90.75 Td (with ) Tj ET Q q 0 0 0 rg BT 507.22 90.75 Td (respect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 78.75 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 108.28 78.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.55 78.75 Td (future ) Tj ET Q q 0 0 0 rg BT 152.49 78.75 Td (net ) Tj ET Q q 0 0 0 rg BT 168.76 78.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 212.27 78.75 Td (from ) Tj ET Q q 0 0 0 rg BT 234.63 78.75 Td (our ) Tj ET Q q 0 0 0 rg BT 251.46 78.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 294.95 78.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 326.77 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 345.83 78.75 Td (inflation ) Tj ET Q q 0 0 0 rg BT 382.66 78.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 410.04 78.75 Td (future ) Tj ET Q q 0 0 0 rg BT 437.98 78.75 Td (development ) Tj ET Q q 0 0 0 rg BT 497.61 78.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 526.10 78.75 Td (the ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.40 43.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (development ) Tj ET Q q 0 0 0 rg BT 131.53 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.13 712.75 Td (our ) Tj ET Q q 0 0 0 rg BT 158.85 712.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 191.69 712.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 251.23 712.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 291.84 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 310.79 712.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 351.98 712.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 411.52 712.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 454.91 712.75 Td (future ) Tj ET Q q 0 0 0 rg BT 482.75 712.75 Td (development ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 101.30 700.75 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 156.16 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.02 700.75 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 240.36 700.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 294.13 700.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 310.65 700.75 Td (horizon, ) Tj ET Q q 0 0 0 rg BT 349.40 700.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 401.50 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 421.36 700.75 Td (development ) Tj ET Q q 0 0 0 rg BT 481.80 700.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 523.32 700.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (production ) Tj ET Q q 0 0 0 rg BT 121.48 688.75 Td (estimates. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (These ) Tj ET Q q 0 0 0 rg BT 102.14 667.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 172.85 667.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 224.11 667.75 Td (are ) Tj ET Q q 0 0 0 rg BT 240.91 667.75 Td (based ) Tj ET Q q 0 0 0 rg BT 270.51 667.75 Td (on ) Tj ET Q q 0 0 0 rg BT 283.98 667.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 316.34 667.75 Td (key ) Tj ET Q q 0 0 0 rg BT 334.25 667.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 392.74 667.75 Td (regarding, ) Tj ET Q q 0 0 0 rg BT 440.12 667.75 Td (among ) Tj ET Q q 0 0 0 rg BT 473.04 667.75 Td (other ) Tj ET Q q 0 0 0 rg BT 498.18 667.75 Td (things: ) Tj ET Q q 0 0 0 rg BT 529.99 667.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.81 655.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 125.50 655.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 144.75 655.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 174.54 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 194.35 655.75 Td (dif) Tj ET Q q 0 0 0 rg BT 204.73 655.75 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 248.43 655.75 Td (between ) Tj ET Q q 0 0 0 rg BT 289.36 655.75 Td (light, ) Tj ET Q q 0 0 0 rg BT 313.60 655.75 Td (medium ) Tj ET Q q 0 0 0 rg BT 352.29 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.10 655.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 401.90 655.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 415.03 655.75 Td (prices; ) Tj ET Q q 0 0 0 rg BT 447.60 655.75 Td (well ) Tj ET Q q 0 0 0 rg BT 467.95 655.75 Td (production ) Tj ET Q q 0 0 0 rg BT 517.77 655.75 Td (rates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.54 643.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 127.74 643.75 Td (volumes; ) Tj ET Q q 0 0 0 rg BT 170.61 643.75 Td (our ) Tj ET Q q 0 0 0 rg BT 187.92 643.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 216.34 643.75 Td (to ) Tj ET Q q 0 0 0 rg BT 227.53 643.75 Td (add ) Tj ET Q q 0 0 0 rg BT 247.07 643.75 Td (production ) Tj ET Q q 0 0 0 rg BT 296.62 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 316.16 643.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 357.36 643.75 Td (through ) Tj ET Q q 0 0 0 rg BT 394.13 643.75 Td (our ) Tj ET Q q 0 0 0 rg BT 411.44 643.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 463.21 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 482.75 643.75 Td (development ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (activities; ) Tj ET Q q 0 0 0 rg BT 115.14 631.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 146.06 631.75 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 200.33 631.75 Td (levels; ) Tj ET Q q 0 0 0 rg BT 230.69 631.75 Td (our ) Tj ET Q q 0 0 0 rg BT 247.16 631.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 274.74 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 285.10 631.75 Td (borrow ) Tj ET Q q 0 0 0 rg BT 317.68 631.75 Td (under ) Tj ET Q q 0 0 0 rg BT 345.27 631.75 Td (our ) Tj ET Q q 0 0 0 rg BT 361.74 631.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 388.20 631.75 Td (agreements; ) Tj ET Q q 0 0 0 rg BT 445.80 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 461.72 631.75 Td (receipt, ) Tj ET Q q 0 0 0 rg BT 496.53 631.75 Td (in ) Tj ET Q q 0 0 0 rg BT 506.33 631.75 Td (a ) Tj ET Q q 0 0 0 rg BT 513.90 631.75 Td (timely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (manner) Tj ET Q q 0 0 0 rg BT 105.35 619.75 Td (, ) Tj ET Q q 0 0 0 rg BT 111.28 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 122.76 619.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 170.38 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 190.21 619.75 Td (other ) Tj ET Q q 0 0 0 rg BT 216.15 619.75 Td (required ) Tj ET Q q 0 0 0 rg BT 255.98 619.75 Td (approvals ) Tj ET Q q 0 0 0 rg BT 302.49 619.75 Td (for ) Tj ET Q q 0 0 0 rg BT 317.30 619.75 Td (our ) Tj ET Q q 0 0 0 rg BT 334.90 619.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 379.75 619.75 Td (activities; ) Tj ET Q q 0 0 0 rg BT 424.02 619.75 Td (the ) Tj ET Q q 0 0 0 rg BT 441.07 619.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 490.34 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 510.17 619.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 531.66 619.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (labour ) Tj ET Q q 0 0 0 rg BT 102.50 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 121.88 607.75 Td (other ) Tj ET Q q 0 0 0 rg BT 147.38 607.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 185.09 607.75 Td (services; ) Tj ET Q q 0 0 0 rg BT 227.25 607.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.74 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 282.13 607.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 315.41 607.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 361.48 607.75 Td (rates; ) Tj ET Q q 0 0 0 rg BT 389.19 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.79 607.75 Td (continuance ) Tj ET Q q 0 0 0 rg BT 462.42 607.75 Td (of ) Tj ET Q q 0 0 0 rg BT 473.46 607.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 510.07 607.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 532.23 607.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.24 595.75 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 173.14 595.75 Td (proposed ) Tj ET Q q 0 0 0 rg BT 217.06 595.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 232.62 595.75 Td (and ) Tj ET Q q 0 0 0 rg BT 251.53 595.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 283.20 595.75 Td (regimes; ) Tj ET Q q 0 0 0 rg BT 323.77 595.75 Td (our ) Tj ET Q q 0 0 0 rg BT 340.44 595.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 368.23 595.75 Td (to ) Tj ET Q q 0 0 0 rg BT 378.79 595.75 Td (develop ) Tj ET Q q 0 0 0 rg BT 416.04 595.75 Td (our ) Tj ET Q q 0 0 0 rg BT 432.71 595.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 459.95 595.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 472.17 595.75 Td (and ) Tj ET Q q 0 0 0 rg BT 491.08 595.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 523.87 595.75 Td (gas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 120.68 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 132.67 583.75 Td (the ) Tj ET Q q 0 0 0 rg BT 150.79 583.75 Td (manner ) Tj ET Q q 0 0 0 rg BT 188.90 583.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 231.46 583.75 Td (contemplated; ) Tj ET Q q 0 0 0 rg BT 298.49 583.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.39 583.75 Td (current ) Tj ET Q q 0 0 0 rg BT 354.72 583.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 393.95 583.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 445.96 583.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 470.18 583.75 Td (and ) Tj ET Q q 0 0 0 rg BT 491.08 583.75 Td (regulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 571.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 119.70 571.75 Td (in ) Tj ET Q q 0 0 0 rg BT 129.60 571.75 Td (ef) Tj ET Q q 0 0 0 rg BT 137.75 571.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 155.98 571.75 Td (\(or) Tj ET Q q 0 0 0 rg BT 167.65 571.75 Td (, ) Tj ET Q q 0 0 0 rg BT 172.54 571.75 Td (where ) Tj ET Q q 0 0 0 rg BT 201.89 571.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 241.81 571.75 Td (are ) Tj ET Q q 0 0 0 rg BT 258.37 571.75 Td (proposed, ) Tj ET Q q 0 0 0 rg BT 304.96 571.75 Td (such ) Tj ET Q q 0 0 0 rg BT 328.19 571.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 368.11 571.75 Td (being ) Tj ET Q q 0 0 0 rg BT 394.69 571.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 432.95 571.75 Td (as ) Tj ET Q q 0 0 0 rg BT 445.62 571.75 Td (anticipated\). ) Tj ET Q q 0 0 0 rg BT 502.21 571.75 Td (Readers ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 559.75 Td (are ) Tj ET Q q 0 0 0 rg BT 88.79 559.75 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 134.50 559.75 Td (that ) Tj ET Q q 0 0 0 rg BT 153.51 559.75 Td (such ) Tj ET Q q 0 0 0 rg BT 176.97 559.75 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 238.23 559.75 Td (although ) Tj ET Q q 0 0 0 rg BT 278.93 559.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 330.19 559.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 382.01 559.75 Td (by ) Tj ET Q q 0 0 0 rg BT 394.91 559.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 427.82 559.75 Td (at ) Tj ET Q q 0 0 0 rg BT 438.50 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 454.74 559.75 Td (time ) Tj ET Q q 0 0 0 rg BT 475.97 559.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.64 559.75 Td (preparation, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (may ) Tj ET Q q 0 0 0 rg BT 93.67 547.75 Td (prove ) Tj ET Q q 0 0 0 rg BT 121.46 547.75 Td (to ) Tj ET Q q 0 0 0 rg BT 132.58 547.75 Td (be ) Tj ET Q q 0 0 0 rg BT 146.48 547.75 Td (incorrect.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (Actual ) Tj ET Q q 0 0 0 rg BT 102.88 526.75 Td (results ) Tj ET Q q 0 0 0 rg BT 135.43 526.75 Td (achieved ) Tj ET Q q 0 0 0 rg BT 178.55 526.75 Td (will ) Tj ET Q q 0 0 0 rg BT 195.52 526.75 Td (vary ) Tj ET Q q 0 0 0 rg BT 217.51 526.75 Td (from ) Tj ET Q q 0 0 0 rg BT 240.60 526.75 Td (the ) Tj ET Q q 0 0 0 rg BT 257.59 526.75 Td (information ) Tj ET Q q 0 0 0 rg BT 310.15 526.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 351.60 526.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 382.48 526.75 Td (as ) Tj ET Q q 0 0 0 rg BT 396.14 526.75 Td (a ) Tj ET Q q 0 0 0 rg BT 404.79 526.75 Td (result ) Tj ET Q q 0 0 0 rg BT 432.33 526.75 Td (of ) Tj ET Q q 0 0 0 rg BT 443.76 526.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 491.32 526.75 Td (known ) Tj ET Q q 0 0 0 rg BT 523.32 526.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 514.75 Td (unknown ) Tj ET Q q 0 0 0 rg BT 114.70 514.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 137.93 514.75 Td (and ) Tj ET Q q 0 0 0 rg BT 157.28 514.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 216.65 514.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.01 514.75 Td (other ) Tj ET Q q 0 0 0 rg BT 261.48 514.75 Td (factors. ) Tj ET Q q 0 0 0 rg BT 296.94 514.75 Td (Such ) Tj ET Q q 0 0 0 rg BT 322.40 514.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 355.08 514.75 Td (include, ) Tj ET Q q 0 0 0 rg BT 392.22 514.75 Td (but ) Tj ET Q q 0 0 0 rg BT 408.80 514.75 Td (are ) Tj ET Q q 0 0 0 rg BT 425.92 514.75 Td (not ) Tj ET Q q 0 0 0 rg BT 442.50 514.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 474.07 514.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 487.86 514.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 514.75 Td (volatility ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 82.47 502.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 94.60 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 113.41 502.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 146.11 502.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 164.36 502.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 193.16 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 211.97 502.75 Td (price ) Tj ET Q q 0 0 0 rg BT 235.77 502.75 Td (dif) Tj ET Q q 0 0 0 rg BT 246.15 502.75 Td (ferentials; ) Tj ET Q q 0 0 0 rg BT 291.63 502.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 339.89 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 358.70 502.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 379.17 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 389.63 502.75 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 436.24 502.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 486.72 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 505.53 502.75 Td (pipeline ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (systems; ) Tj ET Q q 0 0 0 rg BT 114.13 490.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 144.04 490.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.06 490.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 189.42 490.75 Td (with ) Tj ET Q q 0 0 0 rg BT 209.88 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.46 490.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 274.72 490.75 Td (in ) Tj ET Q q 0 0 0 rg BT 285.19 490.75 Td (our ) Tj ET Q q 0 0 0 rg BT 302.32 490.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 324.46 490.75 Td (agreements; ) Tj ET Q q 0 0 0 rg BT 382.73 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 399.31 490.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 448.12 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 467.48 490.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 488.50 490.75 Td (of ) Tj ET Q q 0 0 0 rg BT 499.52 490.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 531.11 490.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 478.75 Td (borrowing; ) Tj ET Q q 0 0 0 rg BT 120.54 478.75 Td (that ) Tj ET Q q 0 0 0 rg BT 139.07 478.75 Td (our ) Tj ET Q q 0 0 0 rg BT 155.38 478.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 181.68 478.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 219.10 478.75 Td (may ) Tj ET Q q 0 0 0 rg BT 239.84 478.75 Td (not ) Tj ET Q q 0 0 0 rg BT 255.60 478.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 290.25 478.75 Td (suf) Tj ET Q q 0 0 0 rg BT 303.40 478.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 331.38 478.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 366.58 478.75 Td (or ) Tj ET Q q 0 0 0 rg BT 377.32 478.75 Td (may ) Tj ET Q q 0 0 0 rg BT 398.07 478.75 Td (not ) Tj ET Q q 0 0 0 rg BT 413.82 478.75 Td (be ) Tj ET Q q 0 0 0 rg BT 426.79 478.75 Td (renewed; ) Tj ET Q q 0 0 0 rg BT 469.78 478.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 492.19 478.75 Td (associated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 466.75 Td (with ) Tj ET Q q 0 0 0 rg BT 93.56 466.75 Td (a ) Tj ET Q q 0 0 0 rg BT 102.90 466.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 151.69 466.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 197.16 466.75 Td (our ) Tj ET Q q 0 0 0 rg BT 215.39 466.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 244.74 466.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 269.08 466.75 Td (properties; ) Tj ET Q q 0 0 0 rg BT 320.10 466.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.78 466.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 359.89 466.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.01 466.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 424.16 466.75 Td (and ) Tj ET Q q 0 0 0 rg BT 444.62 466.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 490.09 466.75 Td (our ) Tj ET Q q 0 0 0 rg BT 508.32 466.75 Td (assets; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (depletion ) Tj ET Q q 0 0 0 rg BT 115.58 454.75 Td (of ) Tj ET Q q 0 0 0 rg BT 126.90 454.75 Td (our ) Tj ET Q q 0 0 0 rg BT 144.34 454.75 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 188.44 454.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 211.98 454.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 262.77 454.75 Td (with ) Tj ET Q q 0 0 0 rg BT 283.54 454.75 Td (the ) Tj ET Q q 0 0 0 rg BT 300.43 454.75 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 354.00 454.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.33 454.75 Td (our ) Tj ET Q q 0 0 0 rg BT 382.76 454.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 430.21 454.75 Td (and ) Tj ET Q q 0 0 0 rg BT 449.88 454.75 Td (our ) Tj ET Q q 0 0 0 rg BT 467.32 454.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 495.87 454.75 Td (to ) Tj ET Q q 0 0 0 rg BT 507.20 454.75 Td (acquire ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 115.38 442.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.64 442.75 Td (new ) Tj ET Q q 0 0 0 rg BT 138.24 442.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 189.42 442.75 Td (on ) Tj ET Q q 0 0 0 rg BT 202.80 442.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 245.08 442.75 Td (fracturing; ) Tj ET Q q 0 0 0 rg BT 291.80 442.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 342.40 442.75 Td (on ) Tj ET Q q 0 0 0 rg BT 355.78 442.75 Td (or ) Tj ET Q q 0 0 0 rg BT 366.93 442.75 Td (access ) Tj ET Q q 0 0 0 rg BT 400.31 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 410.90 442.75 Td (water ) Tj ET Q q 0 0 0 rg BT 437.61 442.75 Td (or ) Tj ET Q q 0 0 0 rg BT 448.76 442.75 Td (other ) Tj ET Q q 0 0 0 rg BT 473.81 442.75 Td (fluids; ) Tj ET Q q 0 0 0 rg BT 502.19 442.75 Td (changes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.90 430.75 Td (government ) Tj ET Q q 0 0 0 rg BT 138.83 430.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 190.87 430.75 Td (that ) Tj ET Q q 0 0 0 rg BT 210.67 430.75 Td (af) Tj ET Q q 0 0 0 rg BT 218.83 430.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 238.07 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 255.09 430.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 268.22 430.75 Td (and ) Tj ET Q q 0 0 0 rg BT 288.02 430.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 307.26 430.75 Td (industry; ) Tj ET Q q 0 0 0 rg BT 348.18 430.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 400.22 430.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 445.59 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 462.61 430.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 502.42 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 513.88 430.75 Td (fluids; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 418.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 111.63 418.75 Td (in ) Tj ET Q q 0 0 0 rg BT 121.23 418.75 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 188.64 418.75 Td (health ) Tj ET Q q 0 0 0 rg BT 217.71 418.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.22 418.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 264.72 418.75 Td (regulations; ) Tj ET Q q 0 0 0 rg BT 318.24 418.75 Td (public ) Tj ET Q q 0 0 0 rg BT 346.19 418.75 Td (perception ) Tj ET Q q 0 0 0 rg BT 394.71 418.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.21 418.75 Td (its ) Tj ET Q q 0 0 0 rg BT 425.03 418.75 Td (influence ) Tj ET Q q 0 0 0 rg BT 466.88 418.75 Td (on ) Tj ET Q q 0 0 0 rg BT 479.83 418.75 Td (the ) Tj ET Q q 0 0 0 rg BT 495.55 418.75 Td (regulatory ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 406.75 Td (regime; ) Tj ET Q q 0 0 0 rg BT 108.52 406.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 160.04 406.75 Td (or ) Tj ET Q q 0 0 0 rg BT 172.11 406.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 198.62 406.75 Td (imposed ) Tj ET Q q 0 0 0 rg BT 239.60 406.75 Td (by ) Tj ET Q q 0 0 0 rg BT 253.33 406.75 Td (climate ) Tj ET Q q 0 0 0 rg BT 288.19 406.75 Td (change ) Tj ET Q q 0 0 0 rg BT 324.17 406.75 Td (initiatives; ) Tj ET Q q 0 0 0 rg BT 371.25 406.75 Td (variations ) Tj ET Q q 0 0 0 rg BT 417.22 406.75 Td (in ) Tj ET Q q 0 0 0 rg BT 428.18 406.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 464.15 406.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 489.56 406.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.42 406.75 Td (foreign ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 394.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 120.07 394.75 Td (rates; ) Tj ET Q q 0 0 0 rg BT 149.79 394.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 175.04 394.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 227.55 394.75 Td (with ) Tj ET Q q 0 0 0 rg BT 250.04 394.75 Td (our ) Tj ET Q q 0 0 0 rg BT 269.20 394.75 Td (hedging ) Tj ET Q q 0 0 0 rg BT 309.49 394.75 Td (activities; ) Tj ET Q q 0 0 0 rg BT 355.32 394.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 397.83 394.75 Td (in ) Tj ET Q q 0 0 0 rg BT 410.32 394.75 Td (income ) Tj ET Q q 0 0 0 rg BT 447.26 394.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 465.30 394.75 Td (or ) Tj ET Q q 0 0 0 rg BT 478.90 394.75 Td (other ) Tj ET Q q 0 0 0 rg BT 506.40 394.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 531.11 394.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 382.75 Td (government ) Tj ET Q q 0 0 0 rg BT 127.63 382.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 169.92 382.75 Td (programs; ) Tj ET Q q 0 0 0 rg BT 217.76 382.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 277.28 382.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 327.91 382.75 Td (with ) Tj ET Q q 0 0 0 rg BT 348.52 382.75 Td (estimating ) Tj ET Q q 0 0 0 rg BT 396.92 382.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 409.75 382.75 Td (and ) Tj ET Q q 0 0 0 rg BT 429.25 382.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 462.65 382.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 481.60 382.75 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 525.55 382.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 370.75 Td (inability ) Tj ET Q q 0 0 0 rg BT 110.27 370.75 Td (to ) Tj ET Q q 0 0 0 rg BT 123.54 370.75 Td (fully ) Tj ET Q q 0 0 0 rg BT 146.24 370.75 Td (insure ) Tj ET Q q 0 0 0 rg BT 178.40 370.75 Td (against ) Tj ET Q q 0 0 0 rg BT 215.57 370.75 Td (all ) Tj ET Q q 0 0 0 rg BT 230.50 370.75 Td (risks; ) Tj ET Q q 0 0 0 rg BT 258.75 370.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 284.23 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 297.49 370.75 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 358.00 370.75 Td (default; ) Tj ET Q q 0 0 0 rg BT 395.73 370.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 421.20 370.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 473.93 370.75 Td (with ) Tj ET Q q 0 0 0 rg BT 496.64 370.75 Td (acquiring, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 358.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 123.18 358.75 Td (and ) Tj ET Q q 0 0 0 rg BT 142.68 358.75 Td (exploring ) Tj ET Q q 0 0 0 rg BT 186.07 358.75 Td (for ) Tj ET Q q 0 0 0 rg BT 200.55 358.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 213.36 358.75 Td (and ) Tj ET Q q 0 0 0 rg BT 232.86 358.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.24 358.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.17 358.75 Td (and ) Tj ET Q q 0 0 0 rg BT 304.67 358.75 Td (other ) Tj ET Q q 0 0 0 rg BT 330.27 358.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 367.54 358.75 Td (of ) Tj ET Q q 0 0 0 rg BT 378.69 358.75 Td (our ) Tj ET Q q 0 0 0 rg BT 395.96 358.75 Td (operations; ) Tj ET Q q 0 0 0 rg BT 448.24 358.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 471.60 358.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 522.22 358.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (large ) Tj ET Q q 0 0 0 rg BT 98.35 346.75 Td (projects; ) Tj ET Q q 0 0 0 rg BT 140.25 346.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 164.91 346.75 Td (related ) Tj ET Q q 0 0 0 rg BT 199.60 346.75 Td (to ) Tj ET Q q 0 0 0 rg BT 212.05 346.75 Td (our ) Tj ET Q q 0 0 0 rg BT 230.61 346.75 Td (thermal ) Tj ET Q q 0 0 0 rg BT 268.07 346.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 298.86 346.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 312.98 346.75 Td (projects; ) Tj ET Q q 0 0 0 rg BT 354.88 346.75 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 410.13 346.75 Td (to ) Tj ET Q q 0 0 0 rg BT 422.58 346.75 Td (and ) Tj ET Q q 0 0 0 rg BT 443.37 346.75 Td (changing ) Tj ET Q q 0 0 0 rg BT 488.08 346.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 528.32 346.75 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 119.08 334.75 Td (products; ) Tj ET Q q 0 0 0 rg BT 162.82 334.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 185.98 334.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 236.40 334.75 Td (with ) Tj ET Q q 0 0 0 rg BT 256.79 334.75 Td (our ) Tj ET Q q 0 0 0 rg BT 273.85 334.75 Td (use ) Tj ET Q q 0 0 0 rg BT 292.58 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.53 334.75 Td (information ) Tj ET Q q 0 0 0 rg BT 355.61 334.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 406.58 334.75 Td (systems; ) Tj ET Q q 0 0 0 rg BT 448.64 334.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 471.80 334.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 522.22 334.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.09 322.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 135.85 322.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.37 322.75 Td (our ) Tj ET Q q 0 0 0 rg BT 163.01 322.75 Td (securities, ) Tj ET Q q 0 0 0 rg BT 210.21 322.75 Td (including ) Tj ET Q q 0 0 0 rg BT 251.87 322.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 291.86 322.75 Td (in ) Tj ET Q q 0 0 0 rg BT 301.83 322.75 Td (market-based ) Tj ET Q q 0 0 0 rg BT 365.15 322.75 Td (factors; ) Tj ET Q q 0 0 0 rg BT 400.12 322.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 422.86 322.75 Td (for ) Tj ET Q q 0 0 0 rg BT 436.71 322.75 Td (United ) Tj ET Q q 0 0 0 rg BT 467.80 322.75 Td (States ) Tj ET Q q 0 0 0 rg BT 498.33 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 517.20 322.75 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 131.26 310.75 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 195.53 310.75 Td (including ) Tj ET Q q 0 0 0 rg BT 238.67 310.75 Td (the ) Tj ET Q q 0 0 0 rg BT 256.25 310.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 285.48 310.75 Td (to ) Tj ET Q q 0 0 0 rg BT 297.50 310.75 Td (enforce ) Tj ET Q q 0 0 0 rg BT 334.52 310.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 354.86 310.75 Td (remedies, ) Tj ET Q q 0 0 0 rg BT 402.44 310.75 Td (dif) Tj ET Q q 0 0 0 rg BT 412.82 310.75 Td (fering ) Tj ET Q q 0 0 0 rg BT 441.51 310.75 Td (practices ) Tj ET Q q 0 0 0 rg BT 485.19 310.75 Td (for ) Tj ET Q q 0 0 0 rg BT 500.54 310.75 Td (reporting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 112.13 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 130.61 298.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 181.88 298.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 226.48 298.75 Td (taxation ) Tj ET Q q 0 0 0 rg BT 263.29 298.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 310.12 298.75 Td (to ) Tj ET Q q 0 0 0 rg BT 320.24 298.75 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 382.63 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 401.10 298.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 433.46 298.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 478.62 298.75 Td (risk; ) Tj ET Q q 0 0 0 rg BT 498.74 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 517.22 298.75 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (factors, ) Tj ET Q q 0 0 0 rg BT 107.57 286.75 Td (many ) Tj ET Q q 0 0 0 rg BT 134.80 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.92 286.75 Td (which ) Tj ET Q q 0 0 0 rg BT 174.26 286.75 Td (are ) Tj ET Q q 0 0 0 rg BT 191.49 286.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 227.08 286.75 Td (our ) Tj ET Q q 0 0 0 rg BT 244.31 286.75 Td (control. ) Tj ET Q q 0 0 0 rg BT 279.88 286.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 265.75 Td (Readers ) Tj ET Q q 0 0 0 rg BT 112.18 265.75 Td (are ) Tj ET Q q 0 0 0 rg BT 129.01 265.75 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 174.75 265.75 Td (that ) Tj ET Q q 0 0 0 rg BT 193.81 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 210.09 265.75 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 254.17 265.75 Td (list ) Tj ET Q q 0 0 0 rg BT 268.77 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 279.49 265.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 297.42 265.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 329.80 265.75 Td (is ) Tj ET Q q 0 0 0 rg BT 339.40 265.75 Td (not ) Tj ET Q q 0 0 0 rg BT 355.68 265.75 Td (exhaustive. ) Tj ET Q q 0 0 0 rg BT 408.65 265.75 Td ( ) Tj ET Q q 0 0 0 rg BT 411.02 265.75 Td (New ) Tj ET Q q 0 0 0 rg BT 433.41 265.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 451.34 265.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 483.72 265.75 Td (emerge ) Tj ET Q q 0 0 0 rg BT 520.01 265.75 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (time ) Tj ET Q q 0 0 0 rg BT 93.89 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 105.23 253.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 129.90 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.58 253.75 Td (it ) Tj ET Q q 0 0 0 rg BT 157.58 253.75 Td (is ) Tj ET Q q 0 0 0 rg BT 167.80 253.75 Td (not ) Tj ET Q q 0 0 0 rg BT 184.71 253.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 224.39 253.75 Td (for ) Tj ET Q q 0 0 0 rg BT 239.06 253.75 Td (management ) Tj ET Q q 0 0 0 rg BT 300.43 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 311.77 253.75 Td (predict ) Tj ET Q q 0 0 0 rg BT 344.79 253.75 Td (all ) Tj ET Q q 0 0 0 rg BT 357.79 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 369.13 253.75 Td (such ) Tj ET Q q 0 0 0 rg BT 393.25 253.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 426.26 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 445.95 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 457.29 253.75 Td (assess ) Tj ET Q q 0 0 0 rg BT 491.41 253.75 Td (in ) Tj ET Q q 0 0 0 rg BT 502.19 253.75 Td (advance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.65 241.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 120.85 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 131.94 241.75 Td (each ) Tj ET Q q 0 0 0 rg BT 156.37 241.75 Td (such ) Tj ET Q q 0 0 0 rg BT 180.24 241.75 Td (factor ) Tj ET Q q 0 0 0 rg BT 208.00 241.75 Td (on ) Tj ET Q q 0 0 0 rg BT 221.87 241.75 Td (our ) Tj ET Q q 0 0 0 rg BT 239.08 241.75 Td (business ) Tj ET Q q 0 0 0 rg BT 281.29 241.75 Td (or ) Tj ET Q q 0 0 0 rg BT 292.93 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 309.58 241.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 339.57 241.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.66 241.75 Td (which ) Tj ET Q q 0 0 0 rg BT 378.98 241.75 Td (any ) Tj ET Q q 0 0 0 rg BT 397.85 241.75 Td (factor) Tj ET Q q 0 0 0 rg BT 422.31 241.75 Td (, ) Tj ET Q q 0 0 0 rg BT 427.83 241.75 Td (or ) Tj ET Q q 0 0 0 rg BT 439.47 241.75 Td (combination ) Tj ET Q q 0 0 0 rg BT 496.14 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 507.23 241.75 Td (factors, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (may ) Tj ET Q q 0 0 0 rg BT 92.46 229.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 120.71 229.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 148.97 229.75 Td (results ) Tj ET Q q 0 0 0 rg BT 179.99 229.75 Td (to ) Tj ET Q q 0 0 0 rg BT 189.90 229.75 Td (dif) Tj ET Q q 0 0 0 rg BT 200.28 229.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 213.51 229.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 257.87 229.75 Td (from ) Tj ET Q q 0 0 0 rg BT 279.44 229.75 Td (those ) Tj ET Q q 0 0 0 rg BT 305.47 229.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 350.41 229.75 Td (in ) Tj ET Q q 0 0 0 rg BT 359.76 229.75 Td (any ) Tj ET Q q 0 0 0 rg BT 377.45 229.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 447.38 229.75 Td (statements. ) Tj ET Q q 0 0 0 rg BT 500.64 229.75 Td ( ) Tj ET Q q 0 0 0 rg BT 502.21 229.75 Td (Readers ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (should ) Tj ET Q q 0 0 0 rg BT 106.11 217.75 Td (also ) Tj ET Q q 0 0 0 rg BT 129.09 217.75 Td (carefully ) Tj ET Q q 0 0 0 rg BT 170.96 217.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 213.40 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.94 217.75 Td (matters ) Tj ET Q q 0 0 0 rg BT 269.92 217.75 Td (discussed ) Tj ET Q q 0 0 0 rg BT 319.02 217.75 Td (under ) Tj ET Q q 0 0 0 rg BT 349.24 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 367.78 217.75 Td (heading ) Tj ET Q q 0 0 0 rg BT 408.01 217.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 411.56 217.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 435.64 217.75 Td (Factors) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.98 217.75 Td (" ) Tj ET Q q 0 0 0 rg BT 477.17 217.75 Td (in ) Tj ET Q q 0 0 0 rg BT 489.59 217.75 Td (this ) Tj ET Q q 0 0 0 rg BT 508.86 217.75 Td (Annual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 124.80 205.75 Td (Form.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.68 184.75 Td (above ) Tj ET Q q 0 0 0 rg BT 119.38 184.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 161.94 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 171.73 184.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 229.31 184.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.45 184.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 269.45 184.75 Td (related ) Tj ET Q q 0 0 0 rg BT 301.47 184.75 Td (to ) Tj ET Q q 0 0 0 rg BT 311.26 184.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 381.07 184.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 431.43 184.75 Td (in ) Tj ET Q q 0 0 0 rg BT 440.66 184.75 Td (this ) Tj ET Q q 0 0 0 rg BT 457.39 184.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 489.97 184.75 Td (Information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 172.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 99.00 172.75 Td (has ) Tj ET Q q 0 0 0 rg BT 118.78 172.75 Td (been ) Tj ET Q q 0 0 0 rg BT 144.70 172.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 186.72 172.75 Td (in ) Tj ET Q q 0 0 0 rg BT 198.17 172.75 Td (order ) Tj ET Q q 0 0 0 rg BT 225.18 172.75 Td (to ) Tj ET Q q 0 0 0 rg BT 237.19 172.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 273.65 172.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 336.80 172.75 Td (and ) Tj ET Q q 0 0 0 rg BT 357.15 172.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 398.62 172.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 442.30 172.75 Td (with ) Tj ET Q q 0 0 0 rg BT 463.75 172.75 Td (a ) Tj ET Q q 0 0 0 rg BT 472.98 172.75 Td (more ) Tj ET Q q 0 0 0 rg BT 499.42 172.75 Td (complete ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (perspective ) Tj ET Q q 0 0 0 rg BT 126.80 160.75 Td (on ) Tj ET Q q 0 0 0 rg BT 141.59 160.75 Td (our ) Tj ET Q q 0 0 0 rg BT 159.71 160.75 Td (current ) Tj ET Q q 0 0 0 rg BT 194.49 160.75 Td (and ) Tj ET Q q 0 0 0 rg BT 214.84 160.75 Td (future ) Tj ET Q q 0 0 0 rg BT 244.08 160.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 294.44 160.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.79 160.75 Td (such ) Tj ET Q q 0 0 0 rg BT 339.58 160.75 Td (information ) Tj ET Q q 0 0 0 rg BT 392.71 160.75 Td (may ) Tj ET Q q 0 0 0 rg BT 415.26 160.75 Td (not ) Tj ET Q q 0 0 0 rg BT 432.83 160.75 Td (be ) Tj ET Q q 0 0 0 rg BT 447.62 160.75 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 501.87 160.75 Td (for ) Tj ET Q q 0 0 0 rg BT 517.21 160.75 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 118.45 148.75 Td ( ) Tj ET Q q 0 0 0 rg BT 120.82 148.75 Td (There ) Tj ET Q q 0 0 0 rg BT 149.48 148.75 Td (is ) Tj ET Q q 0 0 0 rg BT 159.24 148.75 Td (no ) Tj ET Q q 0 0 0 rg BT 172.90 148.75 Td (representation ) Tj ET Q q 0 0 0 rg BT 239.36 148.75 Td (by ) Tj ET Q q 0 0 0 rg BT 252.46 148.75 Td (us ) Tj ET Q q 0 0 0 rg BT 265.56 148.75 Td (that ) Tj ET Q q 0 0 0 rg BT 284.77 148.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 313.99 148.75 Td (results ) Tj ET Q q 0 0 0 rg BT 345.98 148.75 Td (achieved ) Tj ET Q q 0 0 0 rg BT 388.55 148.75 Td (will ) Tj ET Q q 0 0 0 rg BT 404.97 148.75 Td (be ) Tj ET Q q 0 0 0 rg BT 418.63 148.75 Td (the ) Tj ET Q q 0 0 0 rg BT 435.06 148.75 Td (same ) Tj ET Q q 0 0 0 rg BT 462.05 148.75 Td (in ) Tj ET Q q 0 0 0 rg BT 472.37 148.75 Td (whole ) Tj ET Q q 0 0 0 rg BT 501.04 148.75 Td (or ) Tj ET Q q 0 0 0 rg BT 512.46 148.75 Td (in ) Tj ET Q q 0 0 0 rg BT 522.78 148.75 Td (part ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (as ) Tj ET Q q 0 0 0 rg BT 85.85 136.75 Td (those ) Tj ET Q q 0 0 0 rg BT 113.61 136.75 Td (referenced ) Tj ET Q q 0 0 0 rg BT 164.71 136.75 Td (in ) Tj ET Q q 0 0 0 rg BT 175.79 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.98 136.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 264.64 136.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 316.84 136.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.82 136.75 Td (we ) Tj ET Q q 0 0 0 rg BT 352.89 136.75 Td (do ) Tj ET Q q 0 0 0 rg BT 367.31 136.75 Td (not ) Tj ET Q q 0 0 0 rg BT 384.50 136.75 Td (undertake ) Tj ET Q q 0 0 0 rg BT 432.27 136.75 Td (any ) Tj ET Q q 0 0 0 rg BT 451.69 136.75 Td (obligation ) Tj ET Q q 0 0 0 rg BT 497.79 136.75 Td (to ) Tj ET Q q 0 0 0 rg BT 509.42 136.75 Td (update ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (publicly ) Tj ET Q q 0 0 0 rg BT 107.85 124.75 Td (or ) Tj ET Q q 0 0 0 rg BT 119.24 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 130.08 124.75 Td (revise ) Tj ET Q q 0 0 0 rg BT 159.26 124.75 Td (any ) Tj ET Q q 0 0 0 rg BT 177.88 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.72 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.12 124.75 Td (included ) Tj ET Q q 0 0 0 rg BT 244.87 124.75 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 315.74 124.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 369.92 124.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 408.00 124.75 Td (as ) Tj ET Q q 0 0 0 rg BT 421.06 124.75 Td (a ) Tj ET Q q 0 0 0 rg BT 429.12 124.75 Td (result ) Tj ET Q q 0 0 0 rg BT 456.08 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 466.92 124.75 Td (new ) Tj ET Q q 0 0 0 rg BT 487.76 124.75 Td (information, ) Tj ET Q BT /F3 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Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I9 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 242.20 508.75 Td (CORPORA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 292.57 508.75 Td (TE STRUCTURE) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 484.75 Td (General) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 104.68 460.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 138.47 460.75 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 165.03 460.75 Td (was ) Tj ET Q q 0 0 0 rg BT 184.93 460.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 242.63 460.75 Td (on ) Tj ET Q q 0 0 0 rg BT 255.86 460.75 Td (October22, ) Tj ET Q q 0 0 0 rg BT 310.22 460.75 Td (2010 ) Tj ET Q q 0 0 0 rg BT 334.57 460.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 375.59 460.75 Td (to ) Tj ET Q q 0 0 0 rg BT 386.04 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 402.05 460.75 Td (provisions ) Tj ET Q q 0 0 0 rg BT 449.18 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 459.63 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 475.22 460.75 Td (ABCA. ) Tj ET Q q 0 0 0 rg BT 507.34 460.75 Td ( ) Tj ET Q q 0 0 0 rg BT 509.45 460.75 Td (Baytex ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (is ) Tj ET Q q 0 0 0 rg BT 81.54 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 97.76 448.75 Td (successor ) Tj ET Q q 0 0 0 rg BT 145.09 448.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.75 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 171.97 448.75 Td (business ) Tj ET Q q 0 0 0 rg BT 213.76 448.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.42 448.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 257.30 448.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 291.16 448.75 Td (T) Tj ET Q q 0 0 0 rg BT 296.89 448.75 Td (rust, ) Tj ET Q q 0 0 0 rg BT 318.66 448.75 Td (which ) Tj ET Q q 0 0 0 rg BT 346.55 448.75 Td (was ) Tj ET Q q 0 0 0 rg BT 366.65 448.75 Td (transitioned ) Tj ET Q q 0 0 0 rg BT 420.66 448.75 Td (to ) Tj ET Q q 0 0 0 rg BT 431.32 448.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 464.21 448.75 Td (on ) Tj ET Q q 0 0 0 rg BT 477.65 448.75 Td (December ) Tj ET Q q 0 0 0 rg BT 526.10 448.75 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (2010.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (Inter-Corporate ) Tj ET Q q 0 0 0 rg BT 147.56 364.75 Td (Relationships) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.80 340.75 Td (following ) Tj ET Q q 0 0 0 rg BT 133.28 340.75 Td (table ) Tj ET Q q 0 0 0 rg BT 157.53 340.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 197.89 340.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.36 340.75 Td (name, ) Tj ET Q q 0 0 0 rg BT 244.72 340.75 Td (the ) Tj ET Q q 0 0 0 rg BT 261.19 340.75 Td (percentage ) Tj ET Q q 0 0 0 rg BT 313.79 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.70 340.75 Td (voting ) Tj ET Q q 0 0 0 rg BT 353.95 340.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 398.76 340.75 Td (owned ) Tj ET Q q 0 0 0 rg BT 430.79 340.75 Td (by ) Tj ET Q q 0 0 0 rg BT 443.92 340.75 Td (us ) Tj ET Q q 0 0 0 rg BT 457.05 340.75 Td (and ) Tj ET Q q 0 0 0 rg BT 476.30 340.75 Td (the ) Tj ET Q q 0 0 0 rg BT 492.77 340.75 Td (jurisdiction ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 82.09 328.75 Td (incorporation, ) Tj ET Q q 0 0 0 rg BT 144.43 328.75 Td (continuance, ) Tj ET Q q 0 0 0 rg BT 202.89 328.75 Td (formation ) Tj ET Q q 0 0 0 rg BT 246.32 328.75 Td (or ) Tj ET Q q 0 0 0 rg BT 256.97 328.75 Td (organization ) Tj ET Q q 0 0 0 rg BT 313.20 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 323.29 328.75 Td (our ) Tj ET Q q 0 0 0 rg BT 339.49 328.75 Td (material ) Tj ET Q q 0 0 0 rg BT 376.81 328.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 431.36 328.75 Td (either) Tj ET Q q 0 0 0 rg BT 455.82 328.75 Td (, ) Tj ET Q q 0 0 0 rg BT 460.35 328.75 Td (direct ) Tj ET Q q 0 0 0 rg BT 486.55 328.75 Td (and ) Tj ET Q q 0 0 0 rg BT 504.99 328.75 Td (indirect, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 316.75 Td (as ) Tj ET Q q 0 0 0 rg BT 85.34 316.75 Td (at ) Tj ET Q q 0 0 0 rg BT 96.46 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.14 316.75 Td (date ) Tj ET Q q 0 0 0 rg BT 135.38 316.75 Td (hereof.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 272.25 m 442.5 272.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 272.25 m 539.5 272.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.45 297.20 Td (Percentage of voting ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.95 288.20 Td (securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.95 279.20 Td (\(directly or indirectly\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.95 297.20 Td (Jurisdiction of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.75 288.20 Td (Incorporation/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.00 279.20 Td (Formation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 264.20 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 104.01 264.20 Td (Energy ) Tj ET Q q 0 0 0 rg BT 135.03 264.20 Td (Ltd.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.45 264.20 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.70 264.20 Td (Alberta) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 252.20 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 104.01 252.20 Td (Energy ) Tj ET Q q 0 0 0 rg BT 135.03 252.20 Td (USA, ) Tj ET Q q 0 0 0 rg BT 158.54 252.20 Td (Inc.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.45 252.20 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 252.20 Td (Delaware) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 239.20 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 104.01 239.20 Td (Energy ) Tj ET Q q 0 0 0 rg BT 135.03 239.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 166.54 239.20 Td (Partnership) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.45 240.20 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.70 240.20 Td (Alberta) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.40 43.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Our Organizational Structure) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (The ) Tj ET Q q 0 0 0 rg BT 94.46 691.75 Td (following ) Tj ET Q q 0 0 0 rg BT 138.61 691.75 Td (simplified ) Tj ET Q q 0 0 0 rg BT 185.52 691.75 Td (diagram ) Tj ET Q q 0 0 0 rg BT 226.88 691.75 Td (shows ) Tj ET Q q 0 0 0 rg BT 260.46 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 279.59 691.75 Td (inter-corporate ) Tj ET Q q 0 0 0 rg BT 349.85 691.75 Td (relationships ) Tj ET Q q 0 0 0 rg BT 411.23 691.75 Td (among ) Tj ET Q q 0 0 0 rg BT 447.04 691.75 Td (us ) Tj ET Q q 0 0 0 rg BT 462.83 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.75 691.75 Td (our ) Tj ET Q q 0 0 0 rg BT 504.43 691.75 Td (material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 127.58 679.75 Td (as ) Tj ET Q q 0 0 0 rg BT 140.92 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 152.04 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 168.72 679.75 Td (date ) Tj ET Q q 0 0 0 rg BT 190.96 679.75 Td (hereof. ) Tj ET Q q 0 0 0 rg BT 224.87 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 227.65 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 230.43 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 233.21 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 235.98 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 238.76 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 241.54 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 244.32 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 247.10 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 249.88 679.75 Td ( ) Tj ET Q /GS0 gs q 267.00 0 0 216.00 172.50 449.75 cm /I10 Do Q BT /F1 10.00 Tf ET /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I11 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 220.15 425.75 Td (DEVELOPMENT OF OUR BUSINESS) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 401.75 Td (Developments ) Tj ET Q q 0 0 0 rg BT 143.13 401.75 Td (in ) Tj ET Q q 0 0 0 rg BT 154.80 401.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.58 401.75 Td (Past ) Tj ET Q q 0 0 0 rg BT 196.48 401.75 Td (Three ) Tj ET Q q 0 0 0 rg BT 226.31 401.75 Td (Y) Tj ET Q q 0 0 0 rg BT 232.42 401.75 Td (ears) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 380.75 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 359.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.55 359.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 109.00 359.75 Td (we ) Tj ET Q q 0 0 0 rg BT 124.99 359.75 Td (managed ) Tj ET Q q 0 0 0 rg BT 169.89 359.75 Td (our ) Tj ET Q q 0 0 0 rg BT 187.55 359.75 Td (business ) Tj ET Q q 0 0 0 rg BT 230.22 359.75 Td (through ) Tj ET Q q 0 0 0 rg BT 267.34 359.75 Td (a ) Tj ET Q q 0 0 0 rg BT 276.11 359.75 Td (period ) Tj ET Q q 0 0 0 rg BT 307.11 359.75 Td (of ) Tj ET Q q 0 0 0 rg BT 318.66 359.75 Td (volatile ) Tj ET Q q 0 0 0 rg BT 352.99 359.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.88 359.75 Td (challenging ) Tj ET Q q 0 0 0 rg BT 426.69 359.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 478.24 359.75 Td (markets. ) Tj ET Q q 0 0 0 rg BT 519.78 359.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.78 359.75 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 347.75 Td (price ) Tj ET Q q 0 0 0 rg BT 96.45 347.75 Td (for ) Tj ET Q q 0 0 0 rg BT 110.90 347.75 Td (WTI ) Tj ET Q q 0 0 0 rg BT 132.00 347.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 176.48 347.75 Td (US ) Tj ET Q q 0 0 0 rg BT 193.15 347.75 Td ($34.45/bbl ) Tj ET Q q 0 0 0 rg BT 242.64 347.75 Td (in ) Tj ET Q q 0 0 0 rg BT 253.20 347.75 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 269.32 347.75 Td (and ) Tj ET Q q 0 0 0 rg BT 288.78 347.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 333.26 347.75 Td (US ) Tj ET Q q 0 0 0 rg BT 349.93 347.75 Td ($43.32/bbl ) Tj ET Q q 0 0 0 rg BT 399.42 347.75 Td (on ) Tj ET Q q 0 0 0 rg BT 413.32 347.75 Td (the ) Tj ET Q q 0 0 0 rg BT 430.00 347.75 Td (year) Tj ET Q q 0 0 0 rg BT 448.90 347.75 Td (. ) Tj ET Q q 0 0 0 rg BT 454.46 347.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 326.75 Td (On ) Tj ET Q q 0 0 0 rg BT 88.21 326.75 Td (March ) Tj ET Q q 0 0 0 rg BT 118.87 326.75 Td (3, ) Tj ET Q q 0 0 0 rg BT 130.08 326.75 Td (in ) Tj ET Q q 0 0 0 rg BT 140.74 326.75 Td (response ) Tj ET Q q 0 0 0 rg BT 184.75 326.75 Td (to ) Tj ET Q q 0 0 0 rg BT 195.96 326.75 Td (low ) Tj ET Q q 0 0 0 rg BT 213.84 326.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 265.06 326.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 297.38 326.75 Td (we ) Tj ET Q q 0 0 0 rg BT 313.04 326.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 365.41 326.75 Td (a ) Tj ET Q q 0 0 0 rg BT 373.84 326.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 412.85 326.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 437.97 326.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 469.75 326.75 Td (budget ) Tj ET Q q 0 0 0 rg BT 503.21 326.75 Td (of ) Tj ET Q q 0 0 0 rg BT 514.42 326.75 Td ($225-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 314.75 Td ($265 ) Tj ET Q q 0 0 0 rg BT 97.02 314.75 Td (million ) Tj ET Q q 0 0 0 rg BT 128.14 314.75 Td (and ) Tj ET Q q 0 0 0 rg BT 147.61 314.75 Td (the ) Tj ET Q q 0 0 0 rg BT 164.29 314.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 197.08 314.75 Td (of ) Tj ET Q q 0 0 0 rg BT 208.20 314.75 Td (7,500 ) Tj ET Q q 0 0 0 rg BT 236.00 314.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 260.46 314.75 Td (of ) Tj ET Q q 0 0 0 rg BT 271.58 314.75 Td (low ) Tj ET Q q 0 0 0 rg BT 289.36 314.75 Td (or ) Tj ET Q q 0 0 0 rg BT 301.03 314.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 341.62 314.75 Td (margin ) Tj ET Q q 0 0 0 rg BT 374.96 314.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 404.43 314.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 417.21 314.75 Td (production.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 293.75 Td (On ) Tj ET Q q 0 0 0 rg BT 87.42 293.75 Td (March ) Tj ET Q q 0 0 0 rg BT 117.29 293.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 133.28 293.75 Td (we ) Tj ET Q q 0 0 0 rg BT 148.14 293.75 Td (made ) Tj ET Q q 0 0 0 rg BT 175.24 293.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 221.79 293.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 281.69 293.75 Td (to ) Tj ET Q q 0 0 0 rg BT 292.11 293.75 Td (our ) Tj ET Q q 0 0 0 rg BT 308.65 293.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 337.41 293.75 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 381.16 293.75 Td ( ) Tj ET Q q 0 0 0 rg BT 383.11 293.75 Td (The ) Tj ET Q q 0 0 0 rg BT 402.43 293.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 462.32 293.75 Td (included ) Tj ET Q q 0 0 0 rg BT 501.65 293.75 Td (reducing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 281.75 Td (our ) Tj ET Q q 0 0 0 rg BT 88.75 281.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 117.72 281.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 158.92 281.75 Td (to ) Tj ET Q q 0 0 0 rg BT 169.56 281.75 Td (US$575 ) Tj ET Q q 0 0 0 rg BT 207.99 281.75 Td (million, ) Tj ET Q q 0 0 0 rg BT 241.41 281.75 Td (granting ) Tj ET Q q 0 0 0 rg BT 279.84 281.75 Td (our ) Tj ET Q q 0 0 0 rg BT 296.59 281.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 320.58 281.75 Td (lending ) Tj ET Q q 0 0 0 rg BT 355.13 281.75 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 399.67 281.75 Td (first ) Tj ET Q q 0 0 0 rg BT 418.08 281.75 Td (priority ) Tj ET Q q 0 0 0 rg BT 450.38 281.75 Td (security ) Tj ET Q q 0 0 0 rg BT 487.13 281.75 Td (with ) Tj ET Q q 0 0 0 rg BT 507.21 281.75 Td (respect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 269.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.12 269.75 Td (our ) Tj ET Q q 0 0 0 rg BT 100.35 269.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 132.03 269.75 Td (and ) Tj ET Q q 0 0 0 rg BT 151.49 269.75 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 209.85 269.75 Td (our ) Tj ET Q q 0 0 0 rg BT 227.08 269.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.55 269.75 Td (covenants.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 248.75 Td (In ) Tj ET Q q 0 0 0 rg BT 82.87 248.75 Td (July) Tj ET Q q 0 0 0 rg BT 99.91 248.75 Td (, ) Tj ET Q q 0 0 0 rg BT 105.22 248.75 Td (we ) Tj ET Q q 0 0 0 rg BT 120.53 248.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 158.08 248.75 Td (net ) Tj ET Q q 0 0 0 rg BT 174.51 248.75 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 218.18 248.75 Td (of ) Tj ET Q q 0 0 0 rg BT 229.05 248.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 293.83 248.75 Td ($54.2million ) Tj ET Q q 0 0 0 rg BT 352.51 248.75 Td (from ) Tj ET Q q 0 0 0 rg BT 375.04 248.75 Td (the ) Tj ET Q q 0 0 0 rg BT 391.47 248.75 Td (disposition ) Tj ET Q q 0 0 0 rg BT 441.25 248.75 Td (of ) Tj ET Q q 0 0 0 rg BT 452.12 248.75 Td (our ) Tj ET Q q 0 0 0 rg BT 469.10 248.75 Td (operated ) Tj ET Q q 0 0 0 rg BT 511.11 248.75 Td (assets ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 236.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.38 236.75 Td (T) Tj ET Q q 0 0 0 rg BT 87.38 236.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 111.28 236.75 Td (that ) Tj ET Q q 0 0 0 rg BT 130.74 236.75 Td (had ) Tj ET Q q 0 0 0 rg BT 150.20 236.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 200.79 236.75 Td (production ) Tj ET Q q 0 0 0 rg BT 250.27 236.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.38 236.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 326.41 236.75 Td (1,000 ) Tj ET Q q 0 0 0 rg BT 354.22 236.75 Td (boe/d.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 215.75 Td (On ) Tj ET Q q 0 0 0 rg BT 87.99 215.75 Td (November ) Tj ET Q q 0 0 0 rg BT 136.76 215.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 153.31 215.75 Td (we ) Tj ET Q q 0 0 0 rg BT 168.73 215.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 205.30 215.75 Td (into ) Tj ET Q q 0 0 0 rg BT 224.06 215.75 Td (an ) Tj ET Q q 0 0 0 rg BT 237.83 215.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 264.38 215.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 314.28 215.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 364.73 215.75 Td (to ) Tj ET Q q 0 0 0 rg BT 375.71 215.75 Td (acquire ) Tj ET Q q 0 0 0 rg BT 411.16 215.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 440.49 215.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 453.14 215.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 484.69 215.75 Td (in ) Tj ET Q q 0 0 0 rg BT 495.11 215.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.66 215.75 Td (Peace ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 203.75 Td (River ) Tj ET Q q 0 0 0 rg BT 97.66 203.75 Td (area ) Tj ET Q q 0 0 0 rg BT 120.01 203.75 Td (for ) Tj ET Q q 0 0 0 rg BT 134.00 203.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 198.58 203.75 Td ($65 ) Tj ET Q q 0 0 0 rg BT 217.60 203.75 Td (million. ) Tj ET Q q 0 0 0 rg BT 251.04 203.75 Td ( ) Tj ET Q q 0 0 0 rg BT 253.22 203.75 Td (The ) Tj ET Q q 0 0 0 rg BT 272.78 203.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 299.01 203.75 Td (were ) Tj ET Q q 0 0 0 rg BT 323.02 203.75 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 363.15 203.75 Td (to ) Tj ET Q q 0 0 0 rg BT 373.82 203.75 Td (our ) Tj ET Q q 0 0 0 rg BT 390.60 203.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 426.83 203.75 Td (Peace ) Tj ET Q q 0 0 0 rg BT 457.52 203.75 Td (River ) Tj ET Q q 0 0 0 rg BT 483.18 203.75 Td (lands, ) Tj ET Q q 0 0 0 rg BT 512.19 203.75 Td (added ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 191.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 136.74 191.75 Td (3,000 ) Tj ET Q q 0 0 0 rg BT 164.25 191.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 191.76 191.75 Td (of ) Tj ET Q q 0 0 0 rg BT 202.59 191.75 Td (production ) Tj ET Q q 0 0 0 rg BT 251.78 191.75 Td (and ) Tj ET Q q 0 0 0 rg BT 270.95 191.75 Td (more ) Tj ET Q q 0 0 0 rg BT 296.22 191.75 Td (than ) Tj ET Q q 0 0 0 rg BT 318.17 191.75 Td (doubled ) Tj ET Q q 0 0 0 rg BT 356.25 191.75 Td (our ) Tj ET Q q 0 0 0 rg BT 373.19 191.75 Td (land ) Tj ET Q q 0 0 0 rg BT 394.59 191.75 Td (base ) Tj ET Q q 0 0 0 rg BT 418.76 191.75 Td (in ) Tj ET Q q 0 0 0 rg BT 429.03 191.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.42 191.75 Td (area. ) Tj ET Q q 0 0 0 rg BT 470.70 191.75 Td ( ) Tj ET Q q 0 0 0 rg BT 473.02 191.75 Td (The ) Tj ET Q q 0 0 0 rg BT 492.74 191.75 Td (acquisition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 179.75 Td (was ) Tj ET Q q 0 0 0 rg BT 94.56 179.75 Td (financed ) Tj ET Q q 0 0 0 rg BT 137.15 179.75 Td (through ) Tj ET Q q 0 0 0 rg BT 175.85 179.75 Td (a ) Tj ET Q q 0 0 0 rg BT 186.20 179.75 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 245.44 179.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 299.72 179.75 Td (bought ) Tj ET Q q 0 0 0 rg BT 335.09 179.75 Td (deal ) Tj ET Q q 0 0 0 rg BT 358.77 179.75 Td (financing, ) Tj ET Q q 0 0 0 rg BT 406.36 179.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 450.06 179.75 Td (to ) Tj ET Q q 0 0 0 rg BT 463.18 179.75 Td (which ) Tj ET Q q 0 0 0 rg BT 493.53 179.75 Td (we ) Tj ET Q q 0 0 0 rg BT 511.10 179.75 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 167.75 Td (21,907,500 ) Tj ET Q q 0 0 0 rg BT 126.34 167.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 171.20 167.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 207.18 167.75 Td (at ) Tj ET Q q 0 0 0 rg BT 219.82 167.75 Td (a ) Tj ET Q q 0 0 0 rg BT 229.67 167.75 Td (price ) Tj ET Q q 0 0 0 rg BT 255.64 167.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.28 167.75 Td ($5.25 ) Tj ET Q q 0 0 0 rg BT 297.60 167.75 Td (per ) Tj ET Q q 0 0 0 rg BT 316.34 167.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 361.20 167.75 Td (Share ) Tj ET Q q 0 0 0 rg BT 392.18 167.75 Td (for ) Tj ET Q q 0 0 0 rg BT 408.15 167.75 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 457.48 167.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 486.23 167.75 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 531.66 167.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 155.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 137.03 155.75 Td ($1) Tj ET Q q 0 0 0 rg BT 147.41 155.75 Td (15 ) Tj ET Q q 0 0 0 rg BT 161.31 155.75 Td (million. ) Tj ET Q q 0 0 0 rg BT 195.21 155.75 Td ( ) Tj ET Q q 0 0 0 rg BT 197.81 155.75 Td (The ) Tj ET Q q 0 0 0 rg BT 217.82 155.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 260.62 155.75 Td (closed ) Tj ET Q q 0 0 0 rg BT 292.31 155.75 Td (on ) Tj ET Q q 0 0 0 rg BT 306.21 155.75 Td (December ) Tj ET Q q 0 0 0 rg BT 355.12 155.75 Td (12.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 134.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.44 134.75 Td (production ) Tj ET Q q 0 0 0 rg BT 140.92 134.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 185.39 134.75 Td (65,509 ) Tj ET Q q 0 0 0 rg BT 218.75 134.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 246.54 134.75 Td (for ) Tj ET Q q 0 0 0 rg BT 260.99 134.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.66 134.75 Td (year) Tj ET Q q 0 0 0 rg BT 296.56 134.75 Td (, ) Tj ET Q q 0 0 0 rg BT 302.11 134.75 Td (a ) Tj ET Q q 0 0 0 rg BT 310.45 134.75 Td (decline ) Tj ET Q q 0 0 0 rg BT 344.91 134.75 Td (from ) Tj ET Q q 0 0 0 rg BT 367.68 134.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 395.48 134.75 Td (due ) Tj ET Q q 0 0 0 rg BT 414.94 134.75 Td (to ) Tj ET Q q 0 0 0 rg BT 426.05 134.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 464.96 134.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 496.64 134.75 Td (spending, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 122.75 Td (our ) Tj ET Q q 0 0 0 rg BT 89.05 122.75 Td (T) Tj ET Q q 0 0 0 rg BT 94.05 122.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 117.95 122.75 Td (disposition ) Tj ET Q q 0 0 0 rg BT 167.98 122.75 Td (and ) Tj ET Q q 0 0 0 rg BT 187.44 122.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 220.24 122.75 Td (production.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 101.75 Td (On ) Tj ET Q q 0 0 0 rg BT 88.12 101.75 Td (December ) Tj ET Q q 0 0 0 rg BT 137.02 101.75 Td (12, ) Tj ET Q q 0 0 0 rg BT 153.70 101.75 Td (we ) Tj ET Q q 0 0 0 rg BT 169.27 101.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 221.54 101.75 Td (a ) Tj ET Q q 0 0 0 rg BT 229.88 101.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 254.90 101.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 286.58 101.75 Td (budget ) Tj ET Q q 0 0 0 rg BT 319.95 101.75 Td (range ) Tj ET Q q 0 0 0 rg BT 348.30 101.75 Td (of ) Tj ET Q q 0 0 0 rg BT 359.42 101.75 Td ($300-$350 ) Tj ET Q q 0 0 0 rg BT 410.02 101.75 Td (million.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.40 43.42 Td (9) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.12 691.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 108.14 691.75 Td (we ) Tj ET Q q 0 0 0 rg BT 123.70 691.75 Td (saw ) Tj ET Q q 0 0 0 rg BT 144.27 691.75 Td (a ) Tj ET Q q 0 0 0 rg BT 152.61 691.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 193.73 691.75 Td (in ) Tj ET Q q 0 0 0 rg BT 204.29 691.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 217.07 691.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 246.53 691.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 293.77 691.75 Td (to ) Tj ET Q q 0 0 0 rg BT 304.89 691.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 332.69 691.75 Td (as ) Tj ET Q q 0 0 0 rg BT 346.03 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.71 691.75 Td (price ) Tj ET Q q 0 0 0 rg BT 387.17 691.75 Td (for ) Tj ET Q q 0 0 0 rg BT 401.61 691.75 Td (WTI ) Tj ET Q q 0 0 0 rg BT 422.72 691.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 467.20 691.75 Td ($50.95/bbl. ) Tj ET Q q 0 0 0 rg BT 519.46 691.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 670.75 Td (On ) Tj ET Q q 0 0 0 rg BT 87.56 670.75 Td (January ) Tj ET Q q 0 0 0 rg BT 125.35 670.75 Td (20, ) Tj ET Q q 0 0 0 rg BT 141.48 670.75 Td (we ) Tj ET Q q 0 0 0 rg BT 156.48 670.75 Td (closed ) Tj ET Q q 0 0 0 rg BT 187.60 670.75 Td (the ) Tj ET Q q 0 0 0 rg BT 203.72 670.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 250.96 670.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 302.67 670.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 352.14 670.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.70 670.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 391.61 670.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.83 670.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 434.95 670.75 Td (in ) Tj ET Q q 0 0 0 rg BT 444.95 670.75 Td (the ) Tj ET Q q 0 0 0 rg BT 461.07 670.75 Td (Peace ) Tj ET Q q 0 0 0 rg BT 491.65 670.75 Td (River ) Tj ET Q q 0 0 0 rg BT 517.20 670.75 Td (area. ) Tj ET Q q 0 0 0 rg BT 542.77 670.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 649.75 Td (On ) Tj ET Q q 0 0 0 rg BT 88.12 649.75 Td (May ) Tj ET Q q 0 0 0 rg BT 109.79 649.75 Td (4, ) Tj ET Q q 0 0 0 rg BT 120.91 649.75 Td (Edward ) Tj ET Q q 0 0 0 rg BT 157.59 649.75 Td (D. ) Tj ET Q q 0 0 0 rg BT 170.37 649.75 Td (LaFehr ) Tj ET Q q 0 0 0 rg BT 204.83 649.75 Td (was ) Tj ET Q q 0 0 0 rg BT 225.39 649.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 272.10 649.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 298.23 649.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 344.36 649.75 Td (Of) Tj ET Q q 0 0 0 rg BT 354.73 649.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 373.07 649.75 Td (, ) Tj ET Q q 0 0 0 rg BT 378.63 649.75 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 432.00 649.75 Td (James ) Tj ET Q q 0 0 0 rg BT 464.23 649.75 Td (Bowzer) Tj ET Q q 0 0 0 rg BT 497.02 649.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 628.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.51 628.75 Td (production ) Tj ET Q q 0 0 0 rg BT 145.05 628.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 191.58 628.75 Td (70,242 ) Tj ET Q q 0 0 0 rg BT 227.01 628.75 Td (boe/d, ) Tj ET Q q 0 0 0 rg BT 259.65 628.75 Td (an ) Tj ET Q q 0 0 0 rg BT 275.61 628.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 318.25 628.75 Td (from ) Tj ET Q q 0 0 0 rg BT 343.08 628.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 372.95 628.75 Td (due ) Tj ET Q q 0 0 0 rg BT 394.47 628.75 Td (to ) Tj ET Q q 0 0 0 rg BT 407.65 628.75 Td (strong ) Tj ET Q q 0 0 0 rg BT 440.28 628.75 Td (well ) Tj ET Q q 0 0 0 rg BT 462.35 628.75 Td (performance, ) Tj ET Q q 0 0 0 rg BT 526.10 628.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (reactivation ) Tj ET Q q 0 0 0 rg BT 125.92 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.03 616.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 169.83 616.75 Td (production ) Tj ET Q q 0 0 0 rg BT 219.30 616.75 Td (and ) Tj ET Q q 0 0 0 rg BT 238.77 616.75 Td (contributions ) Tj ET Q q 0 0 0 rg BT 298.25 616.75 Td (from ) Tj ET Q q 0 0 0 rg BT 321.02 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.70 616.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 378.84 616.75 Td (Peace ) Tj ET Q q 0 0 0 rg BT 409.97 616.75 Td (River ) Tj ET Q q 0 0 0 rg BT 436.09 616.75 Td (assets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (On ) Tj ET Q q 0 0 0 rg BT 88.12 595.75 Td (December ) Tj ET Q q 0 0 0 rg BT 137.02 595.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 148.14 595.75 Td (we ) Tj ET Q q 0 0 0 rg BT 163.70 595.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 215.97 595.75 Td (a ) Tj ET Q q 0 0 0 rg BT 224.31 595.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 249.34 595.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.02 595.75 Td (budget ) Tj ET Q q 0 0 0 rg BT 314.39 595.75 Td (range ) Tj ET Q q 0 0 0 rg BT 342.74 595.75 Td (of ) Tj ET Q q 0 0 0 rg BT 353.86 595.75 Td ($325-$375 ) Tj ET Q q 0 0 0 rg BT 404.46 595.75 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 553.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.79 553.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 109.48 553.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 161.27 553.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 191.39 553.75 Td (improved ) Tj ET Q q 0 0 0 rg BT 235.96 553.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 271.64 553.75 Td (to ) Tj ET Q q 0 0 0 rg BT 283.43 553.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 309.12 553.75 Td (and ) Tj ET Q q 0 0 0 rg BT 329.25 553.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 357.72 553.75 Td (but ) Tj ET Q q 0 0 0 rg BT 375.07 553.75 Td (remained ) Tj ET Q q 0 0 0 rg BT 420.21 553.75 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 457.56 553.75 Td ( ) Tj ET Q q 0 0 0 rg BT 460.78 553.75 Td (The ) Tj ET Q q 0 0 0 rg BT 481.46 553.75 Td (price ) Tj ET Q q 0 0 0 rg BT 506.58 553.75 Td (for ) Tj ET Q q 0 0 0 rg BT 521.69 553.75 Td (WTI ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 541.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 117.73 541.75 Td (from ) Tj ET Q q 0 0 0 rg BT 140.09 541.75 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 155.80 541.75 Td (through ) Tj ET Q q 0 0 0 rg BT 192.08 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 202.78 541.75 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 218.49 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.54 541.75 Td (then ) Tj ET Q q 0 0 0 rg BT 259.37 541.75 Td (dropped ) Tj ET Q q 0 0 0 rg BT 298.43 541.75 Td (in ) Tj ET Q q 0 0 0 rg BT 308.58 541.75 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 324.29 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 334.99 541.75 Td (average ) Tj ET Q q 0 0 0 rg BT 373.50 541.75 Td (US ) Tj ET Q q 0 0 0 rg BT 389.75 541.75 Td ($64.77 ) Tj ET Q q 0 0 0 rg BT 422.71 541.75 Td (for ) Tj ET Q q 0 0 0 rg BT 436.74 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 453.01 541.75 Td (year) Tj ET Q q 0 0 0 rg BT 471.91 541.75 Td (. ) Tj ET Q q 0 0 0 rg BT 477.05 541.75 Td ( ) Tj ET Q q 0 0 0 rg BT 479.27 541.75 Td (The ) Tj ET Q q 0 0 0 rg BT 498.86 541.75 Td (decrease ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.34 529.75 Td (WTI ) Tj ET Q q 0 0 0 rg BT 103.23 529.75 Td (during ) Tj ET Q q 0 0 0 rg BT 133.59 529.75 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 149.49 529.75 Td (coincided ) Tj ET Q q 0 0 0 rg BT 194.30 529.75 Td (with ) Tj ET Q q 0 0 0 rg BT 214.64 529.75 Td (a ) Tj ET Q q 0 0 0 rg BT 222.76 529.75 Td (large ) Tj ET Q q 0 0 0 rg BT 247.56 529.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 287.92 529.75 Td (in ) Tj ET Q q 0 0 0 rg BT 298.26 529.75 Td (dif) Tj ET Q q 0 0 0 rg BT 308.64 529.75 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 351.78 529.75 Td (for ) Tj ET Q q 0 0 0 rg BT 366.01 529.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 411.38 529.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 438.95 529.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 454.30 529.75 Td (which ) Tj ET Q q 0 0 0 rg BT 482.42 529.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 525.56 529.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 117.59 517.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 169.85 517.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 496.75 Td (On ) Tj ET Q q 0 0 0 rg BT 88.34 496.75 Td (June ) Tj ET Q q 0 0 0 rg BT 113.02 496.75 Td (18, ) Tj ET Q q 0 0 0 rg BT 129.92 496.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 163.49 496.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.17 496.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 217.86 496.75 Td (River ) Tj ET Q q 0 0 0 rg BT 244.19 496.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 296.68 496.75 Td (a ) Tj ET Q q 0 0 0 rg BT 305.24 496.75 Td (strategic ) Tj ET Q q 0 0 0 rg BT 346.03 496.75 Td (combination. ) Tj ET Q q 0 0 0 rg BT 405.73 496.75 Td ( ) Tj ET Q q 0 0 0 rg BT 408.53 496.75 Td (The ) Tj ET Q q 0 0 0 rg BT 428.76 496.75 Td (merger ) Tj ET Q q 0 0 0 rg BT 463.44 496.75 Td (closed ) Tj ET Q q 0 0 0 rg BT 495.34 496.75 Td (on ) Tj ET Q q 0 0 0 rg BT 508.87 496.75 Td (August ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 484.75 Td (22 ) Tj ET Q q 0 0 0 rg BT 86.35 484.75 Td (and ) Tj ET Q q 0 0 0 rg BT 106.25 484.75 Td (was ) Tj ET Q q 0 0 0 rg BT 127.26 484.75 Td (ef) Tj ET Q q 0 0 0 rg BT 135.42 484.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 165.88 484.75 Td (by ) Tj ET Q q 0 0 0 rg BT 179.67 484.75 Td (way ) Tj ET Q q 0 0 0 rg BT 200.67 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 212.24 484.75 Td (a ) Tj ET Q q 0 0 0 rg BT 221.02 484.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 243.15 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 254.71 484.75 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 314.64 484.75 Td (under ) Tj ET Q q 0 0 0 rg BT 343.44 484.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 484.75 Td (ABCA, ) Tj ET Q q 0 0 0 rg BT 393.15 484.75 Td (whereby ) Tj ET Q q 0 0 0 rg BT 434.17 484.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 470.20 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 481.76 484.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 516.67 484.75 Td (River ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 472.75 Td (common ) Tj ET Q q 0 0 0 rg BT 112.80 472.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 145.28 472.75 Td (received, ) Tj ET Q q 0 0 0 rg BT 188.31 472.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 222.44 472.75 Td (or ) Tj ET Q q 0 0 0 rg BT 233.79 472.75 Td (indirectly) Tj ET Q q 0 0 0 rg BT 272.51 472.75 Td (, ) Tj ET Q q 0 0 0 rg BT 277.74 472.75 Td (1.36 ) Tj ET Q q 0 0 0 rg BT 299.67 472.75 Td (common ) Tj ET Q q 0 0 0 rg BT 340.47 472.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 372.94 472.75 Td (of ) Tj ET Q q 0 0 0 rg BT 383.74 472.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 416.77 472.75 Td (for ) Tj ET Q q 0 0 0 rg BT 430.90 472.75 Td (each ) Tj ET Q q 0 0 0 rg BT 455.04 472.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 489.19 472.75 Td (River ) Tj ET Q q 0 0 0 rg BT 514.98 472.75 Td (share ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (held. ) Tj ET Q q 0 0 0 rg BT 96.30 460.75 Td ( ) Tj ET Q q 0 0 0 rg BT 98.91 460.75 Td (Upon ) Tj ET Q q 0 0 0 rg BT 125.42 460.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 159.16 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 170.12 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 186.63 460.75 Td (strategic ) Tj ET Q q 0 0 0 rg BT 227.03 460.75 Td (combination, ) Tj ET Q q 0 0 0 rg BT 286.34 460.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 321.75 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 332.70 460.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 365.89 460.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.51 460.75 Td (held ) Tj ET Q q 0 0 0 rg BT 420.03 460.75 Td (43% ) Tj ET Q q 0 0 0 rg BT 442.66 460.75 Td (and ) Tj ET Q q 0 0 0 rg BT 461.95 460.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 497.36 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.31 460.75 Td (Raging ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (River ) Tj ET Q q 0 0 0 rg BT 98.11 448.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 130.91 448.75 Td (held ) Tj ET Q q 0 0 0 rg BT 152.59 448.75 Td (57% ) Tj ET Q q 0 0 0 rg BT 175.38 448.75 Td (of ) Tj ET Q q 0 0 0 rg BT 186.50 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 203.18 448.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 234.87 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 254.33 448.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 308.82 448.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.61 448.75 Td (of ) Tj ET Q q 0 0 0 rg BT 352.73 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.41 448.75 Td (combined ) Tj ET Q q 0 0 0 rg BT 415.54 448.75 Td (company) Tj ET Q q 0 0 0 rg BT 455.38 448.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 427.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.54 427.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 142.77 427.75 Td (added ) Tj ET Q q 0 0 0 rg BT 172.89 427.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 237.45 427.75 Td (23,000 ) Tj ET Q q 0 0 0 rg BT 270.34 427.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 297.68 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 308.33 427.75 Td (production ) Tj ET Q q 0 0 0 rg BT 357.34 427.75 Td (from ) Tj ET Q q 0 0 0 rg BT 379.65 427.75 Td (the ) Tj ET Q q 0 0 0 rg BT 395.86 427.75 Td (V) Tj ET Q q 0 0 0 rg BT 402.35 427.75 Td (iking ) Tj ET Q q 0 0 0 rg BT 425.22 427.75 Td (play ) Tj ET Q q 0 0 0 rg BT 445.88 427.75 Td (in ) Tj ET Q q 0 0 0 rg BT 455.97 427.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 523.32 427.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 415.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 106.73 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 126.46 415.75 Td (284,000 ) Tj ET Q q 0 0 0 rg BT 165.65 415.75 Td (net ) Tj ET Q q 0 0 0 rg BT 182.60 415.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 210.09 415.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.48 415.75 Td (land ) Tj ET Q q 0 0 0 rg BT 243.43 415.75 Td (in ) Tj ET Q q 0 0 0 rg BT 254.26 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 271.20 415.75 Td (emerging ) Tj ET Q q 0 0 0 rg BT 315.94 415.75 Td (East ) Tj ET Q q 0 0 0 rg BT 338.99 415.75 Td (Duvernay ) Tj ET Q q 0 0 0 rg BT 384.83 415.75 Td (Shale ) Tj ET Q q 0 0 0 rg BT 413.45 415.75 Td (play ) Tj ET Q q 0 0 0 rg BT 434.84 415.75 Td (in ) Tj ET Q q 0 0 0 rg BT 445.06 415.75 Td (Alberta. ) Tj ET Q q 0 0 0 rg BT 482.57 415.75 Td ( ) Tj ET Q q 0 0 0 rg BT 485.01 415.75 Td (At ) Tj ET Q q 0 0 0 rg BT 497.50 415.75 Td (closing, ) Tj ET Q q 0 0 0 rg BT 534.45 415.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 403.75 Td (combined ) Tj ET Q q 0 0 0 rg BT 118.29 403.75 Td (leadership ) Tj ET Q q 0 0 0 rg BT 167.37 403.75 Td (team ) Tj ET Q q 0 0 0 rg BT 192.54 403.75 Td (from ) Tj ET Q q 0 0 0 rg BT 215.48 403.75 Td (both ) Tj ET Q q 0 0 0 rg BT 237.87 403.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 289.17 403.75 Td (was ) Tj ET Q q 0 0 0 rg BT 309.89 403.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 356.75 403.75 Td (that ) Tj ET Q q 0 0 0 rg BT 376.37 403.75 Td (included ) Tj ET Q q 0 0 0 rg BT 416.56 403.75 Td (Neil ) Tj ET Q q 0 0 0 rg BT 436.72 403.75 Td (J. ) Tj ET Q q 0 0 0 rg BT 447.43 403.75 Td (Roszell ) Tj ET Q q 0 0 0 rg BT 483.16 403.75 Td (as ) Tj ET Q q 0 0 0 rg BT 496.65 403.75 Td (Chairman ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.80 391.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 129.26 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 148.72 391.75 Td (Edward ) Tj ET Q q 0 0 0 rg BT 185.41 391.75 Td (D. ) Tj ET Q q 0 0 0 rg BT 198.19 391.75 Td (LaFehr ) Tj ET Q q 0 0 0 rg BT 232.65 391.75 Td (as ) Tj ET Q q 0 0 0 rg BT 245.99 391.75 Td (President ) Tj ET Q q 0 0 0 rg BT 291.01 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 310.48 391.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 336.60 391.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 382.73 391.75 Td (Of) Tj ET Q q 0 0 0 rg BT 393.11 391.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 411.45 391.75 Td (. ) Tj ET Q q 0 0 0 rg BT 417.00 391.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 370.75 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 124.95 370.75 Td (with ) Tj ET Q q 0 0 0 rg BT 146.22 370.75 Td (closing, ) Tj ET Q q 0 0 0 rg BT 183.61 370.75 Td (we ) Tj ET Q q 0 0 0 rg BT 199.88 370.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 252.86 370.75 Td (an ) Tj ET Q q 0 0 0 rg BT 267.47 370.75 Td (updated ) Tj ET Q q 0 0 0 rg BT 307.10 370.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 332.83 370.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 365.22 370.75 Td (budget ) Tj ET Q q 0 0 0 rg BT 399.29 370.75 Td (range ) Tj ET Q q 0 0 0 rg BT 428.36 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 440.18 370.75 Td ($450-$500 ) Tj ET Q q 0 0 0 rg BT 491.49 370.75 Td (million ) Tj ET Q q 0 0 0 rg BT 523.31 370.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 358.75 Td (assumed ) Tj ET Q q 0 0 0 rg BT 114.92 358.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.17 358.75 Td ($300 ) Tj ET Q q 0 0 0 rg BT 155.76 358.75 Td (million ) Tj ET Q q 0 0 0 rg BT 186.45 358.75 Td (term ) Tj ET Q q 0 0 0 rg BT 208.79 358.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 235.59 358.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 265.72 358.75 Td (due ) Tj ET Q q 0 0 0 rg BT 284.75 358.75 Td (June ) Tj ET Q q 0 0 0 rg BT 308.78 358.75 Td (2020 ) Tj ET Q q 0 0 0 rg BT 333.37 358.75 Td (from ) Tj ET Q q 0 0 0 rg BT 355.72 358.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 389.75 358.75 Td (River ) Tj ET Q q 0 0 0 rg BT 415.43 358.75 Td (that ) Tj ET Q q 0 0 0 rg BT 434.46 358.75 Td (is ) Tj ET Q q 0 0 0 rg BT 444.03 358.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 481.95 358.75 Td (by ) Tj ET Q q 0 0 0 rg BT 494.86 358.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.10 358.75 Td (assets ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 346.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 117.59 346.75 Td (River) Tj ET Q q 0 0 0 rg BT 140.37 346.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 325.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.29 325.75 Td (production ) Tj ET Q q 0 0 0 rg BT 140.61 325.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 184.92 325.75 Td (80,458 ) Tj ET Q q 0 0 0 rg BT 218.13 325.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 245.77 325.75 Td (for ) Tj ET Q q 0 0 0 rg BT 260.06 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.58 325.75 Td (year ) Tj ET Q q 0 0 0 rg BT 298.65 325.75 Td (and ) Tj ET Q q 0 0 0 rg BT 317.95 325.75 Td (98,890 ) Tj ET Q q 0 0 0 rg BT 351.16 325.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 378.80 325.75 Td (in ) Tj ET Q q 0 0 0 rg BT 389.20 325.75 Td (Q4, ) Tj ET Q q 0 0 0 rg BT 407.94 325.75 Td (an ) Tj ET Q q 0 0 0 rg BT 421.68 325.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 462.09 325.75 Td (from ) Tj ET Q q 0 0 0 rg BT 484.71 325.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 512.35 325.75 Td (due ) Tj ET Q q 0 0 0 rg BT 531.66 325.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 313.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 118.15 313.75 Td (strong ) Tj ET Q q 0 0 0 rg BT 148.72 313.75 Td (well ) Tj ET Q q 0 0 0 rg BT 168.72 313.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 227.64 313.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.10 313.75 Td (contributions ) Tj ET Q q 0 0 0 rg BT 306.58 313.75 Td (from ) Tj ET Q q 0 0 0 rg BT 329.36 313.75 Td (the ) Tj ET Q q 0 0 0 rg BT 346.04 313.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 380.51 313.75 Td (River ) Tj ET Q q 0 0 0 rg BT 406.62 313.75 Td (combination. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 292.75 Td (On ) Tj ET Q q 0 0 0 rg BT 88.12 292.75 Td (December ) Tj ET Q q 0 0 0 rg BT 137.02 292.75 Td (17, ) Tj ET Q q 0 0 0 rg BT 153.70 292.75 Td (we ) Tj ET Q q 0 0 0 rg BT 169.27 292.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 221.54 292.75 Td (a ) Tj ET Q q 0 0 0 rg BT 229.88 292.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 254.90 292.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 286.58 292.75 Td (budget ) Tj ET Q q 0 0 0 rg BT 319.95 292.75 Td (range ) Tj ET Q q 0 0 0 rg BT 348.30 292.75 Td (of ) Tj ET Q q 0 0 0 rg BT 359.42 292.75 Td ($550-$650 ) Tj ET Q q 0 0 0 rg BT 410.02 292.75 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (Significant ) Tj ET Q q 0 0 0 rg BT 125.52 271.75 Td (Acquisitions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.52 250.75 Td (merger ) Tj ET Q q 0 0 0 rg BT 126.04 250.75 Td (with ) Tj ET Q q 0 0 0 rg BT 146.67 250.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 181.21 250.75 Td (River ) Tj ET Q q 0 0 0 rg BT 207.40 250.75 Td (was ) Tj ET Q q 0 0 0 rg BT 228.03 250.75 Td (a ) Tj ET Q q 0 0 0 rg BT 236.44 250.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 283.75 250.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 333.85 250.75 Td (for ) Tj ET Q q 0 0 0 rg BT 348.37 250.75 Td (which ) Tj ET Q q 0 0 0 rg BT 376.79 250.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 424.66 250.75 Td (was ) Tj ET Q q 0 0 0 rg BT 445.29 250.75 Td (required ) Tj ET Q q 0 0 0 rg BT 484.83 250.75 Td (under ) Tj ET Q q 0 0 0 rg BT 513.25 250.75 Td (Part ) Tj ET Q q 0 0 0 rg BT 534.44 250.75 Td (8 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.00 238.75 Td (NI ) Tj ET Q q 0 0 0 rg BT 95.66 238.75 Td (51-102. ) Tj ET Q q 0 0 0 rg BT 132.23 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 134.36 238.75 Td (A) Tj ET Q q 0 0 0 rg BT 140.48 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 143.14 238.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 186.91 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 197.91 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 238.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 266.05 238.75 Td (is ) Tj ET Q q 0 0 0 rg BT 275.93 238.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 316.95 238.75 Td (above ) Tj ET Q q 0 0 0 rg BT 346.85 238.75 Td (under ) Tj ET Q q 0 0 0 rg BT 375.09 238.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 378.64 238.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 440.22 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 451.22 238.75 Td (our ) Tj ET Q q 0 0 0 rg BT 468.33 238.75 Td (Business) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 508.91 238.75 Td (" ) Tj ET Q q 0 0 0 rg BT 515.12 238.75 Td (and ) Tj ET Q q 0 0 0 rg BT 534.46 238.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 226.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 98.11 226.75 Td (51-102F4 ) Tj ET Q q 0 0 0 rg BT 143.69 226.75 Td (in ) Tj ET Q q 0 0 0 rg BT 154.26 226.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 189.83 226.75 Td (of ) Tj ET Q q 0 0 0 rg BT 200.95 226.75 Td (this ) Tj ET Q q 0 0 0 rg BT 219.29 226.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 270.98 226.75 Td (was ) Tj ET Q q 0 0 0 rg BT 291.54 226.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 312.66 226.75 Td (on ) Tj ET Q q 0 0 0 rg BT 326.57 226.75 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 363.80 226.75 Td (on ) Tj ET Q q 0 0 0 rg BT 377.70 226.75 Td (September ) Tj ET Q q 0 0 0 rg BT 429.39 226.75 Td (24, ) Tj ET Q q 0 0 0 rg BT 446.07 226.75 Td (2018.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I12 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 224.00 193.75 Td (DESCRIPTION OF OUR BUSINESS) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 169.75 Td (Overview) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.56 148.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 146.13 148.75 Td (is ) Tj ET Q q 0 0 0 rg BT 155.68 148.75 Td (an ) Tj ET Q q 0 0 0 rg BT 169.12 148.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 181.45 148.75 Td (and ) Tj ET Q q 0 0 0 rg BT 200.46 148.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 218.91 148.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 270.15 148.75 Td (and ) Tj ET Q q 0 0 0 rg BT 289.16 148.75 Td (production ) Tj ET Q q 0 0 0 rg BT 338.18 148.75 Td (company ) Tj ET Q q 0 0 0 rg BT 381.08 148.75 Td (whose ) Tj ET Q q 0 0 0 rg BT 412.31 148.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 443.54 148.75 Td (are ) Tj ET Q q 0 0 0 rg BT 460.31 148.75 Td (located ) Tj ET Q q 0 0 0 rg BT 494.88 148.75 Td (in ) Tj ET Q q 0 0 0 rg BT 504.99 148.75 Td (western ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 110.22 136.75 Td (\(Alberta ) Tj ET Q q 0 0 0 rg BT 148.43 136.75 Td (and ) Tj ET Q q 0 0 0 rg BT 168.31 136.75 Td (Saskatchewan\) ) Tj ET Q q 0 0 0 rg BT 239.87 136.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.75 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.84 136.75 Td (United ) Tj ET Q q 0 0 0 rg BT 308.94 136.75 Td (States ) Tj ET Q q 0 0 0 rg BT 340.49 136.75 Td (\(T) Tj ET Q q 0 0 0 rg BT 348.82 136.75 Td (exas\). ) Tj ET Q q 0 0 0 rg BT 379.24 136.75 Td ( ) Tj ET Q q 0 0 0 rg BT 382.43 136.75 Td (For ) Tj ET Q q 0 0 0 rg BT 400.63 136.75 Td (each ) Tj ET Q q 0 0 0 rg BT 425.51 136.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.04 136.75 Td (our ) Tj ET Q q 0 0 0 rg BT 454.69 136.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 495.12 136.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 527.21 136.75 Td (we ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (have ) Tj ET Q q 0 0 0 rg BT 95.82 124.75 Td (established ) Tj ET Q q 0 0 0 rg BT 148.54 124.75 Td (teams ) Tj ET Q q 0 0 0 rg BT 177.91 124.75 Td (with ) Tj ET Q q 0 0 0 rg BT 197.83 124.75 Td (a ) Tj ET Q q 0 0 0 rg BT 205.52 124.75 Td (full ) Tj ET Q q 0 0 0 rg BT 220.44 124.75 Td (complement ) Tj ET Q q 0 0 0 rg BT 277.04 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.51 124.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 329.11 124.75 Td (professionals ) Tj ET Q q 0 0 0 rg BT 390.17 124.75 Td (\(engineers, ) Tj ET Q q 0 0 0 rg BT 442.33 124.75 Td (geoscientists ) Tj ET Q q 0 0 0 rg BT 502.27 124.75 Td (and ) Tj ET Q q 0 0 0 rg BT 521.09 124.75 Td (land ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (professionals\). ) Tj ET Q q 0 0 0 rg BT 139.31 112.75 Td (This ) Tj ET Q q 0 0 0 rg BT 160.65 112.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 230.91 112.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 272.82 112.75 Td (approach ) Tj ET Q q 0 0 0 rg BT 316.97 112.75 Td (is ) Tj ET Q q 0 0 0 rg BT 326.63 112.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 367.45 112.75 Td (to ) Tj ET Q q 0 0 0 rg BT 378.23 112.75 Td (result ) Tj ET Q q 0 0 0 rg BT 405.13 112.75 Td (in ) Tj ET Q q 0 0 0 rg BT 415.36 112.75 Td (a ) Tj ET Q q 0 0 0 rg BT 423.36 112.75 Td (thorough ) Tj ET Q q 0 0 0 rg BT 465.29 112.75 Td (identification ) Tj ET Q q 0 0 0 rg BT 523.32 112.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 120.83 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 132.42 100.75 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 187.36 100.75 Td (development ) Tj ET Q q 0 0 0 rg BT 247.86 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 267.79 100.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 318.28 100.75 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 378.78 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 398.71 100.75 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 428.54 100.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 457.90 100.75 Td (execution ) Tj ET Q q 0 0 0 rg BT 503.95 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 515.54 100.75 Td (those ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (opportunities. ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Throughout ) Tj ET Q q 0 0 0 rg BT 127.29 712.75 Td (our ) Tj ET Q q 0 0 0 rg BT 145.88 712.75 Td (history ) Tj ET Q q 0 0 0 rg BT 179.47 712.75 Td (we ) Tj ET Q q 0 0 0 rg BT 196.40 712.75 Td (have ) Tj ET Q q 0 0 0 rg BT 222.22 712.75 Td (endeavoured ) Tj ET Q q 0 0 0 rg BT 284.75 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 297.23 712.75 Td (add ) Tj ET Q q 0 0 0 rg BT 318.05 712.75 Td (value ) Tj ET Q q 0 0 0 rg BT 346.10 712.75 Td (through ) Tj ET Q q 0 0 0 rg BT 384.15 712.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 421.09 712.75 Td (property ) Tj ET Q q 0 0 0 rg BT 461.92 712.75 Td (development ) Tj ET Q q 0 0 0 rg BT 523.32 712.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (selective ) Tj ET Q q 0 0 0 rg BT 113.68 700.75 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 171.49 700.75 Td ( ) Tj ET Q q 0 0 0 rg BT 174.27 700.75 Td (W) Tj ET Q q 0 0 0 rg BT 183.53 700.75 Td (e ) Tj ET Q q 0 0 0 rg BT 191.87 700.75 Td (are ) Tj ET Q q 0 0 0 rg BT 209.10 700.75 Td (focused ) Tj ET Q q 0 0 0 rg BT 246.90 700.75 Td (on ) Tj ET Q q 0 0 0 rg BT 260.80 700.75 Td (per-share ) Tj ET Q q 0 0 0 rg BT 306.38 700.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 339.17 700.75 Td (in ) Tj ET Q q 0 0 0 rg BT 349.73 700.75 Td (order ) Tj ET Q q 0 0 0 rg BT 375.86 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 386.98 700.75 Td (deliver ) Tj ET Q q 0 0 0 rg BT 419.21 700.75 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 474.80 700.75 Td (returns.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (Competitive ) Tj ET Q q 0 0 0 rg BT 132.01 679.75 Td (Conditions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 658.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 106.18 658.75 Td (is ) Tj ET Q q 0 0 0 rg BT 117.01 658.75 Td (a ) Tj ET Q q 0 0 0 rg BT 126.18 658.75 Td (member ) Tj ET Q q 0 0 0 rg BT 166.46 658.75 Td (of ) Tj ET Q q 0 0 0 rg BT 178.41 658.75 Td (the ) Tj ET Q q 0 0 0 rg BT 195.92 658.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 209.53 658.75 Td (and ) Tj ET Q q 0 0 0 rg BT 229.82 658.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 264.00 658.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 283.73 658.75 Td (industry) Tj ET Q q 0 0 0 rg BT 318.01 658.75 Td (, ) Tj ET Q q 0 0 0 rg BT 324.39 658.75 Td (which ) Tj ET Q q 0 0 0 rg BT 353.57 658.75 Td (is ) Tj ET Q q 0 0 0 rg BT 364.39 658.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 394.13 658.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 448.31 658.75 Td (at ) Tj ET Q q 0 0 0 rg BT 460.26 658.75 Td (all ) Tj ET Q q 0 0 0 rg BT 473.87 658.75 Td (levels. ) Tj ET Q q 0 0 0 rg BT 505.83 658.75 Td ( ) Tj ET Q q 0 0 0 rg BT 509.43 658.75 Td (Baytex ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 646.75 Td (competes ) Tj ET Q q 0 0 0 rg BT 120.18 646.75 Td (with ) Tj ET Q q 0 0 0 rg BT 142.79 646.75 Td (other ) Tj ET Q q 0 0 0 rg BT 170.41 646.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 223.60 646.75 Td (for ) Tj ET Q q 0 0 0 rg BT 240.10 646.75 Td (all ) Tj ET Q q 0 0 0 rg BT 254.93 646.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.09 646.75 Td (its ) Tj ET Q q 0 0 0 rg BT 282.92 646.75 Td (business ) Tj ET Q q 0 0 0 rg BT 327.22 646.75 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 361.51 646.75 Td (including ) Tj ET Q q 0 0 0 rg BT 405.81 646.75 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 461.22 646.75 Td (and ) Tj ET Q q 0 0 0 rg BT 482.74 646.75 Td (development ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 634.75 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 119.83 634.75 Td (access ) Tj ET Q q 0 0 0 rg BT 152.64 634.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.68 634.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 212.72 634.75 Td (markets, ) Tj ET Q q 0 0 0 rg BT 252.75 634.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 301.70 634.75 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 363.43 634.75 Td (available ) Tj ET Q q 0 0 0 rg BT 404.60 634.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 435.20 634.75 Td (and ) Tj ET Q q 0 0 0 rg BT 453.58 634.75 Td (staf) Tj ET Q q 0 0 0 rg BT 469.51 634.75 Td (fing. ) Tj ET Q q 0 0 0 rg BT 490.11 634.75 Td ( ) Tj ET Q q 0 0 0 rg BT 491.80 634.75 Td (W) Tj ET Q q 0 0 0 rg BT 501.06 634.75 Td (e ) Tj ET Q q 0 0 0 rg BT 508.32 634.75 Td (believe ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (our ) Tj ET Q q 0 0 0 rg BT 88.67 622.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 141.47 622.75 Td (position ) Tj ET Q q 0 0 0 rg BT 178.16 622.75 Td (is, ) Tj ET Q q 0 0 0 rg BT 190.38 622.75 Td (on ) Tj ET Q q 0 0 0 rg BT 203.72 622.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 622.75 Td (whole, ) Tj ET Q q 0 0 0 rg BT 250.97 622.75 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 298.78 622.75 Td (to ) Tj ET Q q 0 0 0 rg BT 309.34 622.75 Td (that ) Tj ET Q q 0 0 0 rg BT 328.25 622.75 Td (of ) Tj ET Q q 0 0 0 rg BT 338.81 622.75 Td (other ) Tj ET Q q 0 0 0 rg BT 363.82 622.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 376.04 622.75 Td (and ) Tj ET Q q 0 0 0 rg BT 394.95 622.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 427.75 622.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 446.09 622.75 Td (producers ) Tj ET Q q 0 0 0 rg BT 492.78 622.75 Td (of ) Tj ET Q q 0 0 0 rg BT 503.34 622.75 Td (a ) Tj ET Q q 0 0 0 rg BT 511.12 622.75 Td (similar ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (size ) Tj ET Q q 0 0 0 rg BT 92.56 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 112.02 610.75 Td (production ) Tj ET Q q 0 0 0 rg BT 161.50 610.75 Td (profile. ) Tj ET Q q 0 0 0 rg BT 194.29 610.75 Td ( ) Tj ET Q q 0 0 0 rg BT 197.07 610.75 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 217.64 610.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 255.99 610.75 Td (Conditions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.02 610.75 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 325.49 610.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 347.71 610.75 Td (Factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 589.75 Td (Reorganizations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 568.75 Td (On ) Tj ET Q q 0 0 0 rg BT 88.35 568.75 Td (July ) Tj ET Q q 0 0 0 rg BT 109.15 568.75 Td (15, ) Tj ET Q q 0 0 0 rg BT 126.07 568.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 151.33 568.75 Td (we ) Tj ET Q q 0 0 0 rg BT 167.12 568.75 Td (dissolved ) Tj ET Q q 0 0 0 rg BT 211.83 568.75 Td (our ) Tj ET Q q 0 0 0 rg BT 229.30 568.75 Td (general ) Tj ET Q q 0 0 0 rg BT 265.67 568.75 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 321.49 568.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 355.08 568.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 389.77 568.75 Td (Partnership, ) Tj ET Q q 0 0 0 rg BT 446.71 568.75 Td (which ) Tj ET Q q 0 0 0 rg BT 475.29 568.75 Td (had ) Tj ET Q q 0 0 0 rg BT 494.98 568.75 Td (previously ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 556.75 Td (held ) Tj ET Q q 0 0 0 rg BT 94.19 556.75 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 556.75 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 148.56 556.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 184.63 556.75 Td (in ) Tj ET Q q 0 0 0 rg BT 195.69 556.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.87 556.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 251.15 556.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.77 556.75 Td (our ) Tj ET Q q 0 0 0 rg BT 280.50 556.75 Td (producing ) Tj ET Q q 0 0 0 rg BT 327.70 556.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 375.45 556.75 Td (in ) Tj ET Q q 0 0 0 rg BT 386.51 556.75 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 427.60 556.75 Td ( ) Tj ET Q q 0 0 0 rg BT 430.66 556.75 Td (The ) Tj ET Q q 0 0 0 rg BT 451.17 556.75 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 496.70 556.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 532.78 556.75 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 544.75 Td (now ) Tj ET Q q 0 0 0 rg BT 93.29 544.75 Td (held ) Tj ET Q q 0 0 0 rg BT 115.13 544.75 Td (by ) Tj ET Q q 0 0 0 rg BT 128.64 544.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 162.15 544.75 Td (Energy) Tj ET Q q 0 0 0 rg BT 193.09 544.75 Td (. ) Tj ET Q q 0 0 0 rg BT 198.81 544.75 Td ( ) Tj ET Q q 0 0 0 rg BT 201.75 544.75 Td (In ) Tj ET Q q 0 0 0 rg BT 213.03 544.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 253.78 544.75 Td (on ) Tj ET Q q 0 0 0 rg BT 267.26 544.75 Td (August ) Tj ET Q q 0 0 0 rg BT 301.33 544.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 318.18 544.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 343.36 544.75 Td (in ) Tj ET Q q 0 0 0 rg BT 354.09 544.75 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 407.62 544.75 Td (with ) Tj ET Q q 0 0 0 rg BT 428.34 544.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.18 544.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 479.81 544.75 Td (River ) Tj ET Q q 0 0 0 rg BT 506.09 544.75 Td (merger) Tj ET Q q 0 0 0 rg BT 537.21 544.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 532.75 Td (all ) Tj ET Q q 0 0 0 rg BT 84.78 532.75 Td (of ) Tj ET Q q 0 0 0 rg BT 95.90 532.75 Td (the ) Tj ET Q q 0 0 0 rg BT 112.58 532.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 125.36 532.75 Td (and ) Tj ET Q q 0 0 0 rg BT 144.83 532.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 163.73 532.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 210.97 532.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.09 532.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 256.56 532.75 Td (River ) Tj ET Q q 0 0 0 rg BT 282.67 532.75 Td (were ) Tj ET Q q 0 0 0 rg BT 307.13 532.75 Td (transferred ) Tj ET Q q 0 0 0 rg BT 358.26 532.75 Td (to ) Tj ET Q q 0 0 0 rg BT 369.38 532.75 Td (the ) Tj ET Q q 0 0 0 rg BT 386.06 532.75 Td (newly ) Tj ET Q q 0 0 0 rg BT 414.40 532.75 Td (formed ) Tj ET Q q 0 0 0 rg BT 448.30 532.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 481.65 532.75 Td (Partnership. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 511.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 144.24 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 164.79 511.75 Td (Social ) Tj ET Q q 0 0 0 rg BT 197.03 511.75 Td (Policies ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 490.75 Td (e ) Tj ET Q q 0 0 0 rg BT 91.24 490.75 Td (have ) Tj ET Q q 0 0 0 rg BT 117.34 490.75 Td (an ) Tj ET Q q 0 0 0 rg BT 132.89 490.75 Td (active ) Tj ET Q q 0 0 0 rg BT 163.43 490.75 Td (program ) Tj ET Q q 0 0 0 rg BT 205.09 490.75 Td (to ) Tj ET Q q 0 0 0 rg BT 217.85 490.75 Td (monitor ) Tj ET Q q 0 0 0 rg BT 255.61 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.72 490.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 312.81 490.75 Td (with ) Tj ET Q q 0 0 0 rg BT 335.02 490.75 Td (all ) Tj ET Q q 0 0 0 rg BT 349.44 490.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 416.68 490.75 Td (laws, ) Tj ET Q q 0 0 0 rg BT 443.88 490.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 469.97 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 491.08 490.75 Td (regulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 478.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.85 478.75 Td (to ) Tj ET Q q 0 0 0 rg BT 131.00 478.75 Td (our ) Tj ET Q q 0 0 0 rg BT 148.27 478.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 200.56 478.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 220.04 478.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 256.21 478.75 Td (require ) Tj ET Q q 0 0 0 rg BT 290.15 478.75 Td (that ) Tj ET Q q 0 0 0 rg BT 309.64 478.75 Td (all ) Tj ET Q q 0 0 0 rg BT 322.46 478.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 373.63 478.75 Td (and ) Tj ET Q q 0 0 0 rg BT 393.13 478.75 Td (contractors ) Tj ET Q q 0 0 0 rg BT 445.41 478.75 Td (report ) Tj ET Q q 0 0 0 rg BT 474.34 478.75 Td (all ) Tj ET Q q 0 0 0 rg BT 487.16 478.75 Td (breaches ) Tj ET Q q 0 0 0 rg BT 531.11 478.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 466.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 111.79 466.75 Td (breaches ) Tj ET Q q 0 0 0 rg BT 154.91 466.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.23 466.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 230.02 466.75 Td (laws, ) Tj ET Q q 0 0 0 rg BT 254.78 466.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 278.44 466.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.10 466.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 348.00 466.75 Td (to ) Tj ET Q q 0 0 0 rg BT 358.33 466.75 Td (our ) Tj ET Q q 0 0 0 rg BT 374.76 466.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 403.98 466.75 Td (management ) Tj ET Q q 0 0 0 rg BT 464.33 466.75 Td (and ) Tj ET Q q 0 0 0 rg BT 482.99 466.75 Td (all ) Tj ET Q q 0 0 0 rg BT 494.98 466.75 Td (applicable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 136.97 454.75 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 190.27 454.75 Td ( ) Tj ET Q q 0 0 0 rg BT 193.78 454.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 215.40 454.75 Td (material ) Tj ET Q q 0 0 0 rg BT 255.35 454.75 Td (breaches ) Tj ET Q q 0 0 0 rg BT 300.87 454.75 Td (of ) Tj ET Q q 0 0 0 rg BT 313.59 454.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 380.78 454.75 Td (law) Tj ET Q q 0 0 0 rg BT 395.24 454.75 Td (, ) Tj ET Q q 0 0 0 rg BT 402.40 454.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 428.45 454.75 Td (and ) Tj ET Q q 0 0 0 rg BT 449.52 454.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 502.82 454.75 Td (must ) Tj ET Q q 0 0 0 rg BT 528.88 454.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 112.15 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 123.40 442.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.21 442.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 169.81 442.75 Td (of ) Tj ET Q q 0 0 0 rg BT 181.06 442.75 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 226.75 442.75 Td ( ) Tj ET Q q 0 0 0 rg BT 229.66 442.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 249.23 442.75 Td (Health, ) Tj ET Q q 0 0 0 rg BT 283.83 442.75 Td (Safety ) Tj ET Q q 0 0 0 rg BT 315.09 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.68 442.75 Td (Environment ) Tj ET Q q 0 0 0 rg BT 393.73 442.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 422.20 442.75 Td (is ) Tj ET Q q 0 0 0 rg BT 432.33 442.75 Td (available ) Tj ET Q q 0 0 0 rg BT 474.71 442.75 Td (on ) Tj ET Q q 0 0 0 rg BT 488.74 442.75 Td (our ) Tj ET Q q 0 0 0 rg BT 506.11 442.75 Td (website ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (at ) Tj ET Q q 0 0 0 rg BT 83.12 430.75 Td (www) Tj ET Q q 0 0 0 rg BT 104.23 430.75 Td (.baytexenergy) Tj ET Q q 0 0 0 rg BT 166.31 430.75 Td (.com.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 409.75 Td (e ) Tj ET Q q 0 0 0 rg BT 90.26 409.75 Td (published ) Tj ET Q q 0 0 0 rg BT 136.52 409.75 Td (our ) Tj ET Q q 0 0 0 rg BT 154.42 409.75 Td (third ) Tj ET Q q 0 0 0 rg BT 177.32 409.75 Td (biennial ) Tj ET Q q 0 0 0 rg BT 215.23 409.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 263.14 409.75 Td (Responsibility ) Tj ET Q q 0 0 0 rg BT 328.28 409.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 361.74 409.75 Td (in ) Tj ET Q q 0 0 0 rg BT 372.97 409.75 Td (September ) Tj ET Q q 0 0 0 rg BT 425.33 409.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 453.80 409.75 Td (detailing ) Tj ET Q q 0 0 0 rg BT 494.49 409.75 Td (our ) Tj ET Q q 0 0 0 rg BT 512.39 409.75 Td (ef) Tj ET Q q 0 0 0 rg BT 520.55 409.75 Td (forts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 95.04 397.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 157.52 397.75 Td (in ) Tj ET Q q 0 0 0 rg BT 171.66 397.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 240.82 397.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 308.32 397.75 Td (health ) Tj ET Q q 0 0 0 rg BT 341.92 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 364.95 397.75 Td (safety) Tj ET Q q 0 0 0 rg BT 390.89 397.75 Td (, ) Tj ET Q q 0 0 0 rg BT 400.02 397.75 Td (leadership ) Tj ET Q q 0 0 0 rg BT 452.51 397.75 Td (culture, ) Tj ET Q q 0 0 0 rg BT 491.65 397.75 Td (community ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 385.75 Td (investment, ) Tj ET Q q 0 0 0 rg BT 126.87 385.75 Td (stakeholder ) Tj ET Q q 0 0 0 rg BT 182.30 385.75 Td (engagement ) Tj ET Q q 0 0 0 rg BT 241.63 385.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.05 385.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 308.03 385.75 Td (governance. ) Tj ET Q q 0 0 0 rg BT 366.56 385.75 Td (This ) Tj ET Q q 0 0 0 rg BT 389.19 385.75 Td (report ) Tj ET Q q 0 0 0 rg BT 419.04 385.75 Td (can ) Tj ET Q q 0 0 0 rg BT 438.90 385.75 Td (also ) Tj ET Q q 0 0 0 rg BT 460.98 385.75 Td (be ) Tj ET Q q 0 0 0 rg BT 475.83 385.75 Td (viewed ) Tj ET Q q 0 0 0 rg BT 510.69 385.75 Td (on ) Tj ET Q q 0 0 0 rg BT 525.55 385.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 373.75 Td (website ) Tj ET Q q 0 0 0 rg BT 108.36 373.75 Td (at ) Tj ET Q q 0 0 0 rg BT 119.16 373.75 Td (www) Tj ET Q q 0 0 0 rg BT 140.27 373.75 Td (.baytexenergy) Tj ET Q q 0 0 0 rg BT 202.35 373.75 Td (.com. ) Tj ET Q q 0 0 0 rg BT 229.25 373.75 Td ( ) Tj ET Q q 0 0 0 rg BT 231.71 373.75 Td (In ) Tj ET Q q 0 0 0 rg BT 242.50 373.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 282.76 373.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 315.79 373.75 Td (was ) Tj ET Q q 0 0 0 rg BT 336.03 373.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 387.41 373.75 Td (by ) Tj ET Q q 0 0 0 rg BT 400.42 373.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 447.35 373.75 Td (Knights ) Tj ET Q q 0 0 0 rg BT 483.16 373.75 Td (as ) Tj ET Q q 0 0 0 rg BT 496.17 373.75 Td (one ) Tj ET Q q 0 0 0 rg BT 515.31 373.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 373.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 361.75 Td (Future ) Tj ET Q q 0 0 0 rg BT 103.65 361.75 Td (40 ) Tj ET Q q 0 0 0 rg BT 117.53 361.75 Td (Responsible ) Tj ET Q q 0 0 0 rg BT 175.32 361.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 222.54 361.75 Td (Leaders ) Tj ET Q q 0 0 0 rg BT 261.43 361.75 Td (in ) Tj ET Q q 0 0 0 rg BT 271.96 361.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 309.74 361.75 Td (for ) Tj ET Q q 0 0 0 rg BT 324.17 361.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 351.94 361.75 Td ( ) Tj ET Q q 0 0 0 rg BT 354.70 361.75 Td (W) Tj ET Q q 0 0 0 rg BT 363.95 361.75 Td (e ) Tj ET Q q 0 0 0 rg BT 372.27 361.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 404.48 361.75 Td (to ) Tj ET Q q 0 0 0 rg BT 415.57 361.75 Td (publish ) Tj ET Q q 0 0 0 rg BT 450.02 361.75 Td (our ) Tj ET Q q 0 0 0 rg BT 467.22 361.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 495.55 361.75 Td (Corporate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 349.75 Td (Responsibility ) Tj ET Q q 0 0 0 rg BT 136.47 349.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 169.27 349.75 Td (in ) Tj ET Q q 0 0 0 rg BT 179.83 349.75 Td (2019.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 92.57 328.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 130.92 328.75 Td (Conditions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 180.95 328.75 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 200.41 328.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 222.63 328.75 Td (Factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (Seasonal ) Tj ET Q q 0 0 0 rg BT 118.69 307.75 Td (Factors) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.92 286.75 Td (level ) Tj ET Q q 0 0 0 rg BT 115.18 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 126.22 286.75 Td (activity ) Tj ET Q q 0 0 0 rg BT 159.47 286.75 Td (in ) Tj ET Q q 0 0 0 rg BT 169.95 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 186.54 286.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 199.24 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 218.62 286.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 237.43 286.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 275.14 286.75 Td (is ) Tj ET Q q 0 0 0 rg BT 285.05 286.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 335.02 286.75 Td (on ) Tj ET Q q 0 0 0 rg BT 348.83 286.75 Td (access ) Tj ET Q q 0 0 0 rg BT 382.65 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 393.68 286.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 421.39 286.75 Td (where ) Tj ET Q q 0 0 0 rg BT 451.32 286.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.71 286.75 Td (are ) Tj ET Q q 0 0 0 rg BT 517.86 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 528.89 286.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (conducted. ) Tj ET Q q 0 0 0 rg BT 125.03 274.75 Td ( ) Tj ET Q q 0 0 0 rg BT 129.13 274.75 Td (In ) Tj ET Q q 0 0 0 rg BT 141.57 274.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 183.48 274.75 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 227.62 274.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 267.29 274.75 Td (variations, ) Tj ET Q q 0 0 0 rg BT 316.97 274.75 Td (including ) Tj ET Q q 0 0 0 rg BT 360.55 274.75 Td (break-up ) Tj ET Q q 0 0 0 rg BT 404.12 274.75 Td (which ) Tj ET Q q 0 0 0 rg BT 433.79 274.75 Td (occurs ) Tj ET Q q 0 0 0 rg BT 467.34 274.75 Td (annually) Tj ET Q q 0 0 0 rg BT 503.85 274.75 Td (, ) Tj ET Q q 0 0 0 rg BT 510.73 274.75 Td (af) Tj ET Q q 0 0 0 rg BT 518.89 274.75 Td (fects ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 262.75 Td (access ) Tj ET Q q 0 0 0 rg BT 105.10 262.75 Td (in ) Tj ET Q q 0 0 0 rg BT 114.87 262.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 146.87 262.75 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 215.53 262.75 Td ( ) Tj ET Q q 0 0 0 rg BT 217.52 262.75 Td (In ) Tj ET Q q 0 0 0 rg BT 227.84 262.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 264.85 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 283.51 262.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.40 262.75 Td (United ) Tj ET Q q 0 0 0 rg BT 330.29 262.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 363.40 262.75 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 417.09 262.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 454.65 262.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 492.20 262.75 Td (conditions, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (such ) Tj ET Q q 0 0 0 rg BT 96.60 250.75 Td (as ) Tj ET Q q 0 0 0 rg BT 110.64 250.75 Td (flooding, ) Tj ET Q q 0 0 0 rg BT 151.92 250.75 Td (extreme ) Tj ET Q q 0 0 0 rg BT 191.52 250.75 Td (cold ) Tj ET Q q 0 0 0 rg BT 213.34 250.75 Td (weather) Tj ET Q q 0 0 0 rg BT 248.36 250.75 Td (, ) Tj ET Q q 0 0 0 rg BT 254.62 250.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 284.78 250.75 Td (snowfall ) Tj ET Q q 0 0 0 rg BT 324.38 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 344.54 250.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 374.70 250.75 Td (rainfall ) Tj ET Q q 0 0 0 rg BT 407.63 250.75 Td (may ) Tj ET Q q 0 0 0 rg BT 430.00 250.75 Td (restrict ) Tj ET Q q 0 0 0 rg BT 463.48 250.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.85 250.75 Td (Corporation's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 100.34 238.75 Td (to ) Tj ET Q q 0 0 0 rg BT 111.46 238.75 Td (access ) Tj ET Q q 0 0 0 rg BT 145.36 238.75 Td (its ) Tj ET Q q 0 0 0 rg BT 158.14 238.75 Td (properties. ) Tj ET Q q 0 0 0 rg BT 208.17 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.95 238.75 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 231.52 238.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 269.87 238.75 Td (Conditions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.90 238.75 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 339.36 238.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 361.58 238.75 Td (Factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (Renegotiation ) Tj ET Q q 0 0 0 rg BT 141.44 217.75 Td (or ) Tj ET Q q 0 0 0 rg BT 154.22 217.75 Td (T) Tj ET Q q 0 0 0 rg BT 159.59 217.75 Td (ermination ) Tj ET Q q 0 0 0 rg BT 213.48 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 225.70 217.75 Td (Contracts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 196.75 Td (As ) Tj ET Q q 0 0 0 rg BT 86.09 196.75 Td (at ) Tj ET Q q 0 0 0 rg BT 96.86 196.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.18 196.75 Td (date ) Tj ET Q q 0 0 0 rg BT 135.07 196.75 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 168.63 196.75 Td (we ) Tj ET Q q 0 0 0 rg BT 183.84 196.75 Td (do ) Tj ET Q q 0 0 0 rg BT 197.38 196.75 Td (not ) Tj ET Q q 0 0 0 rg BT 213.71 196.75 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 258.94 196.75 Td (that ) Tj ET Q q 0 0 0 rg BT 278.04 196.75 Td (any ) Tj ET Q q 0 0 0 rg BT 296.59 196.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 333.48 196.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.24 196.75 Td (our ) Tj ET Q q 0 0 0 rg BT 361.12 196.75 Td (business ) Tj ET Q q 0 0 0 rg BT 403.01 196.75 Td (will ) Tj ET Q q 0 0 0 rg BT 419.32 196.75 Td (be ) Tj ET Q q 0 0 0 rg BT 432.87 196.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 478.08 196.75 Td (af) Tj ET Q q 0 0 0 rg BT 486.24 196.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 515.91 196.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.12 196.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (remainder ) Tj ET Q q 0 0 0 rg BT 119.80 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 130.92 184.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 155.94 184.75 Td (by ) Tj ET Q q 0 0 0 rg BT 169.28 184.75 Td (the ) Tj ET Q q 0 0 0 rg BT 185.96 184.75 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 246.56 184.75 Td (or ) Tj ET Q q 0 0 0 rg BT 258.23 184.75 Td (termination ) Tj ET Q q 0 0 0 rg BT 310.48 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 321.59 184.75 Td (contracts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 163.75 Td (Personnel ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 142.75 Td (As ) Tj ET Q q 0 0 0 rg BT 85.34 142.75 Td (at ) Tj ET Q q 0 0 0 rg BT 95.36 142.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 159.84 142.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 186.53 142.75 Td (we ) Tj ET Q q 0 0 0 rg BT 200.99 142.75 Td (had ) Tj ET Q q 0 0 0 rg BT 219.35 142.75 Td (162employees ) Tj ET Q q 0 0 0 rg BT 288.84 142.75 Td (in ) Tj ET Q q 0 0 0 rg BT 298.30 142.75 Td (our ) Tj ET Q q 0 0 0 rg BT 314.42 142.75 Td (head ) Tj ET Q q 0 0 0 rg BT 338.34 142.75 Td (of) Tj ET Q q 0 0 0 rg BT 346.50 142.75 Td (fice ) Tj ET Q q 0 0 0 rg BT 363.74 142.75 Td (and ) Tj ET Q q 0 0 0 rg BT 382.09 142.75 Td (80 ) Tj ET Q q 0 0 0 rg BT 394.89 142.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 444.92 142.75 Td (in ) Tj ET Q q 0 0 0 rg BT 454.38 142.75 Td (our ) Tj ET Q q 0 0 0 rg BT 470.50 142.75 Td (field ) Tj ET Q q 0 0 0 rg BT 490.52 142.75 Td (operations.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I13 Do Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.60 43.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.42 43.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 245.85 712.75 Td (PRINCIP) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 285.67 712.75 Td (AL) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 298.82 712.75 Td ( PROPERTIES) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 688.75 Td (The ) Tj ET Q q 0 0 0 rg BT 94.26 688.75 Td (following ) Tj ET Q q 0 0 0 rg BT 138.21 688.75 Td (is ) Tj ET Q q 0 0 0 rg BT 150.46 688.75 Td (a ) Tj ET Q q 0 0 0 rg BT 161.06 688.75 Td (description ) Tj ET Q q 0 0 0 rg BT 214.45 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 227.82 688.75 Td (our ) Tj ET Q q 0 0 0 rg BT 247.31 688.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 289.58 688.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 304.62 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 326.34 688.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 361.95 688.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 383.11 688.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 432.61 688.75 Td (on ) Tj ET Q q 0 0 0 rg BT 448.76 688.75 Td (production ) Tj ET Q q 0 0 0 rg BT 500.50 688.75 Td (or ) Tj ET Q q 0 0 0 rg BT 514.42 688.75 Td (under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (development ) Tj ET Q q 0 0 0 rg BT 132.87 676.75 Td (as ) Tj ET Q q 0 0 0 rg BT 147.04 676.75 Td (at ) Tj ET Q q 0 0 0 rg BT 158.99 676.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 225.41 676.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 254.04 676.75 Td (Unless ) Tj ET Q q 0 0 0 rg BT 288.22 676.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 334.63 676.75 Td (specified, ) Tj ET Q q 0 0 0 rg BT 380.48 676.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 408.55 676.75 Td (and ) Tj ET Q q 0 0 0 rg BT 428.84 676.75 Td (net ) Tj ET Q q 0 0 0 rg BT 446.35 676.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 474.42 676.75 Td (and ) Tj ET Q q 0 0 0 rg BT 494.71 676.75 Td (well ) Tj ET Q q 0 0 0 rg BT 515.55 676.75 Td (count ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (information ) Tj ET Q q 0 0 0 rg BT 124.52 664.75 Td (are ) Tj ET Q q 0 0 0 rg BT 142.03 664.75 Td (as ) Tj ET Q q 0 0 0 rg BT 155.64 664.75 Td (at ) Tj ET Q q 0 0 0 rg BT 167.04 664.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.90 664.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 258.20 664.75 Td (and ) Tj ET Q q 0 0 0 rg BT 277.94 664.75 Td (production ) Tj ET Q q 0 0 0 rg BT 327.69 664.75 Td (information ) Tj ET Q q 0 0 0 rg BT 380.21 664.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 430.51 664.75 Td (average ) Tj ET Q q 0 0 0 rg BT 469.70 664.75 Td (working ) Tj ET Q q 0 0 0 rg BT 507.21 664.75 Td (interest ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (production ) Tj ET Q q 0 0 0 rg BT 121.48 652.75 Td (for ) Tj ET Q q 0 0 0 rg BT 135.93 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 152.61 652.75 Td (year ) Tj ET Q q 0 0 0 rg BT 174.84 652.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 205.42 652.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 271.01 652.75 Td (2018. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 101.46 631.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 126.45 631.75 Td (- ) Tj ET Q q 0 0 0 rg BT 132.56 631.75 Td (T) Tj ET Q q 0 0 0 rg BT 138.30 631.75 Td (exas) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.78 610.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 118.47 610.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 141.14 610.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 172.16 610.75 Td (are ) Tj ET Q q 0 0 0 rg BT 188.72 610.75 Td (located ) Tj ET Q q 0 0 0 rg BT 223.08 610.75 Td (in ) Tj ET Q q 0 0 0 rg BT 232.98 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.99 610.75 Td (core ) Tj ET Q q 0 0 0 rg BT 270.56 610.75 Td (of ) Tj ET Q q 0 0 0 rg BT 281.01 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 297.02 610.75 Td (liquids-rich ) Tj ET Q q 0 0 0 rg BT 346.93 610.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 374.62 610.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 397.29 610.75 Td (shale ) Tj ET Q q 0 0 0 rg BT 423.31 610.75 Td (in ) Tj ET Q q 0 0 0 rg BT 433.20 610.75 Td (South ) Tj ET Q q 0 0 0 rg BT 461.31 610.75 Td (T) Tj ET Q q 0 0 0 rg BT 466.31 610.75 Td (exas. ) Tj ET Q q 0 0 0 rg BT 492.33 610.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 511.11 610.75 Td (assets ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (include ) Tj ET Q q 0 0 0 rg BT 105.91 598.75 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 167.62 598.75 Td (working ) Tj ET Q q 0 0 0 rg BT 204.30 598.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 244.31 598.75 Td (in ) Tj ET Q q 0 0 0 rg BT 254.31 598.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 318.78 598.75 Td (78,214 ) Tj ET Q q 0 0 0 rg BT 351.59 598.75 Td (\(19,933 ) Tj ET Q q 0 0 0 rg BT 387.72 598.75 Td (net\) ) Tj ET Q q 0 0 0 rg BT 407.17 598.75 Td (acres, ) Tj ET Q q 0 0 0 rg BT 436.62 598.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 484.97 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 495.53 598.75 Td (four ) Tj ET Q q 0 0 0 rg BT 514.98 598.75 Td (areas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 82.05 586.75 Td (mutual ) Tj ET Q q 0 0 0 rg BT 113.77 586.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 148.27 586.75 Td (\(Sugarloaf, ) Tj ET Q q 0 0 0 rg BT 198.89 586.75 Td (Longhorn, ) Tj ET Q q 0 0 0 rg BT 245.64 586.75 Td (Ipanema ) Tj ET Q q 0 0 0 rg BT 286.26 586.75 Td (and ) Tj ET Q q 0 0 0 rg BT 304.65 586.75 Td (Excelsior\), ) Tj ET Q q 0 0 0 rg BT 353.03 586.75 Td (together ) Tj ET Q q 0 0 0 rg BT 391.43 586.75 Td (with ) Tj ET Q q 0 0 0 rg BT 410.92 586.75 Td (field ) Tj ET Q q 0 0 0 rg BT 430.97 586.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 491.03 586.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.42 586.75 Td (related ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td (assets. ) Tj ET Q q 0 0 0 rg BT 106.98 574.75 Td (These ) Tj ET Q q 0 0 0 rg BT 138.31 574.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 170.75 574.75 Td (are ) Tj ET Q q 0 0 0 rg BT 188.74 574.75 Td (operated ) Tj ET Q q 0 0 0 rg BT 231.75 574.75 Td (by ) Tj ET Q q 0 0 0 rg BT 245.85 574.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 291.63 574.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 307.39 574.75 Td (EF ) Tj ET Q q 0 0 0 rg BT 323.70 574.75 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 348.36 574.75 Td (a ) Tj ET Q q 0 0 0 rg BT 357.45 574.75 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 421.57 574.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 470.13 574.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.00 574.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 527.79 574.75 Td (Oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 127.03 562.75 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 163.15 562.75 Td (MRO\), ) Tj ET Q q 0 0 0 rg BT 195.36 562.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 237.06 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 248.18 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 264.86 562.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 292.63 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.75 562.75 Td (industry-standard ) Tj ET Q q 0 0 0 rg BT 383.79 562.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 404.92 562.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.39 562.75 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 507.76 562.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 541.75 Td (During ) Tj ET Q q 0 0 0 rg BT 104.62 541.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 132.80 541.75 Td (production ) Tj ET Q q 0 0 0 rg BT 182.66 541.75 Td (from ) Tj ET Q q 0 0 0 rg BT 205.82 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 222.88 541.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 251.62 541.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 275.34 541.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 307.40 541.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 352.26 541.75 Td (approximately ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.67 541.75 Td (37,076) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.25 541.75 Td ( ) Tj ET Q q 0 0 0 rg BT 451.41 541.75 Td (boe/d, ) Tj ET Q q 0 0 0 rg BT 482.38 541.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 531.66 541.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (28,851) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 102.59 529.75 Td ( ) Tj ET Q q 0 0 0 rg BT 105.57 529.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 130.23 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 141.55 529.75 Td (light ) Tj ET Q q 0 0 0 rg BT 162.88 529.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 175.86 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 195.53 529.75 Td (NGL) Tj ET Q q 0 0 0 rg BT 215.72 529.75 Td ( ) Tj ET Q q 0 0 0 rg BT 218.70 529.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.36 529.75 Td (49,349) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.95 529.75 Td ( ) Tj ET Q q 0 0 0 rg BT 271.93 529.75 Td (Mcf/d ) Tj ET Q q 0 0 0 rg BT 299.36 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.68 529.75 Td (shale ) Tj ET Q q 0 0 0 rg BT 337.57 529.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 359.45 529.75 Td (During ) Tj ET Q q 0 0 0 rg BT 391.89 529.75 Td (this ) Tj ET Q q 0 0 0 rg BT 410.43 529.75 Td (period, ) Tj ET Q q 0 0 0 rg BT 443.98 529.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 477.54 529.75 Td (participated ) Tj ET Q q 0 0 0 rg BT 532.22 529.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 90.87 517.75 Td (completion ) Tj ET Q q 0 0 0 rg BT 144.20 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 157.52 517.75 Td (1) Tj ET Q q 0 0 0 rg BT 162.33 517.75 Td (19\(27.1net\) ) Tj ET Q q 0 0 0 rg BT 224.01 517.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 251.21 517.75 Td (in ) Tj ET Q q 0 0 0 rg BT 263.96 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 282.84 517.75 Td (Sugarkane ) Tj ET Q q 0 0 0 rg BT 336.18 517.75 Td (area, ) Tj ET Q q 0 0 0 rg BT 363.94 517.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 406.71 517.75 Td (in ) Tj ET Q q 0 0 0 rg BT 419.47 517.75 Td (63\(12.1net\) ) Tj ET Q q 0 0 0 rg BT 481.14 517.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 496.12 517.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 523.32 517.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (56\(15.0net\) ) Tj ET Q q 0 0 0 rg BT 131.48 505.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 164.84 505.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 183.74 505.75 Td (wells. ) Tj ET Q q 0 0 0 rg BT 211.52 505.75 Td ( ) Tj ET Q q 0 0 0 rg BT 214.12 505.75 Td (There ) Tj ET Q q 0 0 0 rg BT 243.02 505.75 Td (are ) Tj ET Q q 0 0 0 rg BT 260.25 505.75 Td (no ) Tj ET Q q 0 0 0 rg BT 274.15 505.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 334.21 505.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 360.89 505.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 411.48 505.75 Td (with ) Tj ET Q q 0 0 0 rg BT 432.04 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 448.72 505.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 477.07 505.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 500.41 505.75 Td (assets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 484.75 Td (V) Tj ET Q q 0 0 0 rg BT 78.30 484.75 Td (iking ) Tj ET Q q 0 0 0 rg BT 104.41 484.75 Td (- ) Tj ET Q q 0 0 0 rg BT 110.15 484.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 147.38 484.75 Td (and ) Tj ET Q q 0 0 0 rg BT 167.94 484.75 Td (Saskatchewan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 463.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.67 463.75 Td (V) Tj ET Q q 0 0 0 rg BT 98.15 463.75 Td (iking ) Tj ET Q q 0 0 0 rg BT 121.72 463.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 153.61 463.75 Td (are ) Tj ET Q q 0 0 0 rg BT 171.06 463.75 Td (located ) Tj ET Q q 0 0 0 rg BT 206.30 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 217.08 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 233.98 463.75 Td (greater ) Tj ET Q q 0 0 0 rg BT 268.66 463.75 Td (Dodsland ) Tj ET Q q 0 0 0 rg BT 313.91 463.75 Td (area ) Tj ET Q q 0 0 0 rg BT 336.92 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.70 463.75 Td (southwest ) Tj ET Q q 0 0 0 rg BT 395.72 463.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 463.75 463.75 Td (and ) Tj ET Q q 0 0 0 rg BT 483.43 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 494.21 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.11 463.75 Td (Esther ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 451.75 Td (area ) Tj ET Q q 0 0 0 rg BT 94.69 451.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.70 451.75 Td (southeastern ) Tj ET Q q 0 0 0 rg BT 165.66 451.75 Td (Alberta. ) Tj ET Q q 0 0 0 rg BT 202.80 451.75 Td ( ) Tj ET Q q 0 0 0 rg BT 205.30 451.75 Td (These ) Tj ET Q q 0 0 0 rg BT 235.77 451.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.34 451.75 Td (were ) Tj ET Q q 0 0 0 rg BT 291.69 451.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 332.72 451.75 Td (through ) Tj ET Q q 0 0 0 rg BT 369.31 451.75 Td (the ) Tj ET Q q 0 0 0 rg BT 385.89 451.75 Td (combination ) Tj ET Q q 0 0 0 rg BT 442.48 451.75 Td (with ) Tj ET Q q 0 0 0 rg BT 462.94 451.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 497.30 451.75 Td (River ) Tj ET Q q 0 0 0 rg BT 523.31 451.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 439.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 110.53 439.75 Td (light ) Tj ET Q q 0 0 0 rg BT 131.27 439.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 143.67 439.75 Td (from ) Tj ET Q q 0 0 0 rg BT 166.07 439.75 Td (the ) Tj ET Q q 0 0 0 rg BT 182.36 439.75 Td (V) Tj ET Q q 0 0 0 rg BT 188.85 439.75 Td (iking ) Tj ET Q q 0 0 0 rg BT 211.81 439.75 Td (formation. ) Tj ET Q q 0 0 0 rg BT 258.67 439.75 Td ( ) Tj ET Q q 0 0 0 rg BT 261.06 439.75 Td (In ) Tj ET Q q 0 0 0 rg BT 271.80 439.75 Td (the ) Tj ET Q q 0 0 0 rg BT 288.09 439.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 316.06 439.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 350.14 439.75 Td (of ) Tj ET Q q 0 0 0 rg BT 360.87 439.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 388.29 439.75 Td (the ) Tj ET Q q 0 0 0 rg BT 404.59 439.75 Td (V) Tj ET Q q 0 0 0 rg BT 411.08 439.75 Td (iking ) Tj ET Q q 0 0 0 rg BT 434.04 439.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 465.33 439.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 509.43 439.75 Td (24,603 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 427.75 Td (boe/d, ) Tj ET Q q 0 0 0 rg BT 102.08 427.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 150.49 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 161.11 427.75 Td (22,046 ) Tj ET Q q 0 0 0 rg BT 193.97 427.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 217.94 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 228.56 427.75 Td (light ) Tj ET Q q 0 0 0 rg BT 249.18 427.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 261.46 427.75 Td (and ) Tj ET Q q 0 0 0 rg BT 280.43 427.75 Td (NGL) Tj ET Q q 0 0 0 rg BT 300.62 427.75 Td ( ) Tj ET Q q 0 0 0 rg BT 302.90 427.75 Td (and ) Tj ET Q q 0 0 0 rg BT 321.86 427.75 Td (10,425 ) Tj ET Q q 0 0 0 rg BT 354.73 427.75 Td (Mcf/d ) Tj ET Q q 0 0 0 rg BT 381.46 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 392.07 427.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 424.93 427.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 445.96 427.75 Td (These ) Tj ET Q q 0 0 0 rg BT 476.03 427.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.21 427.75 Td (provide ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 415.75 Td (a ) Tj ET Q q 0 0 0 rg BT 80.78 415.75 Td (predictable ) Tj ET Q q 0 0 0 rg BT 132.92 415.75 Td (production ) Tj ET Q q 0 0 0 rg BT 182.83 415.75 Td (profile ) Tj ET Q q 0 0 0 rg BT 213.29 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 233.19 415.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 280.88 415.75 Td (low ) Tj ET Q q 0 0 0 rg BT 299.10 415.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 317.87 415.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 349.99 415.75 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 413.25 415.75 Td ( ) Tj ET Q q 0 0 0 rg BT 416.46 415.75 Td (Since ) Tj ET Q q 0 0 0 rg BT 444.70 415.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 495.16 415.75 Td (on ) Tj ET Q q 0 0 0 rg BT 508.87 415.75 Td (August ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 403.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 89.49 403.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 118.10 403.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 152.26 403.75 Td (has ) Tj ET Q q 0 0 0 rg BT 171.97 403.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 221.69 403.75 Td (121\(83.0net\) ) Tj ET Q q 0 0 0 rg BT 287.54 403.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 316.14 403.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 357.52 403.75 Td (in ) Tj ET Q q 0 0 0 rg BT 368.89 403.75 Td (120\(82.0net\) ) Tj ET Q q 0 0 0 rg BT 434.74 403.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 448.34 403.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 474.15 403.75 Td (and ) Tj ET Q q 0 0 0 rg BT 494.42 403.75 Td (1\(0.9net\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 391.75 Td (abandoned ) Tj ET Q q 0 0 0 rg BT 125.18 391.75 Td (well. ) Tj ET Q q 0 0 0 rg BT 148.32 391.75 Td ( ) Tj ET Q q 0 0 0 rg BT 151.25 391.75 Td (The ) Tj ET Q q 0 0 0 rg BT 171.61 391.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 232.02 391.75 Td (land ) Tj ET Q q 0 0 0 rg BT 254.05 391.75 Td (base ) Tj ET Q q 0 0 0 rg BT 278.87 391.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 329.81 391.75 Td (with ) Tj ET Q q 0 0 0 rg BT 350.72 391.75 Td (the ) Tj ET Q q 0 0 0 rg BT 367.75 391.75 Td (V) Tj ET Q q 0 0 0 rg BT 374.24 391.75 Td (iking ) Tj ET Q q 0 0 0 rg BT 397.94 391.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 429.97 391.75 Td (consisted ) Tj ET Q q 0 0 0 rg BT 475.35 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.82 391.75 Td (255,918 ) Tj ET Q q 0 0 0 rg BT 526.10 391.75 Td (net ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 379.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 99.23 379.75 Td (at ) Tj ET Q q 0 0 0 rg BT 110.35 379.75 Td (year-end ) Tj ET Q q 0 0 0 rg BT 152.60 379.75 Td (2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 358.75 Td (Peace ) Tj ET Q q 0 0 0 rg BT 103.69 358.75 Td (River ) Tj ET Q q 0 0 0 rg BT 131.49 358.75 Td (- ) Tj ET Q q 0 0 0 rg BT 137.22 358.75 Td (Alberta) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 337.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.08 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.73 337.75 Td (Peace ) Tj ET Q q 0 0 0 rg BT 130.83 337.75 Td (River ) Tj ET Q q 0 0 0 rg BT 156.90 337.75 Td (area ) Tj ET Q q 0 0 0 rg BT 179.66 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 190.74 337.75 Td (northwest ) Tj ET Q q 0 0 0 rg BT 236.30 337.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 270.72 337.75 Td (we ) Tj ET Q q 0 0 0 rg BT 286.25 337.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 325.13 337.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 354.56 337.75 Td (gravity ) Tj ET Q q 0 0 0 rg BT 386.76 337.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 414.51 337.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 430.04 337.75 Td (bitumen, ) Tj ET Q q 0 0 0 rg BT 471.14 337.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.57 337.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 523.88 337.75 Td (gas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 325.75 Td (mainly ) Tj ET Q q 0 0 0 rg BT 103.67 325.75 Td (from ) Tj ET Q q 0 0 0 rg BT 126.45 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.13 325.75 Td (Bluesky ) Tj ET Q q 0 0 0 rg BT 180.92 325.75 Td (formation. ) Tj ET Q q 0 0 0 rg BT 228.16 325.75 Td (During ) Tj ET Q q 0 0 0 rg BT 260.39 325.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 288.20 325.75 Td (production ) Tj ET Q q 0 0 0 rg BT 337.67 325.75 Td (from ) Tj ET Q q 0 0 0 rg BT 360.45 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.13 325.75 Td (area ) Tj ET Q q 0 0 0 rg BT 399.92 325.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 444.39 325.75 Td (approximately ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.42 325.75 Td (16,997) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 313.75 Td (boe/d, ) Tj ET Q q 0 0 0 rg BT 103.02 313.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 152.36 313.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.92 313.75 Td (15,1) Tj ET Q q 0 0 0 rg BT 182.64 313.75 Td (18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.76 313.75 Td ( ) Tj ET Q q 0 0 0 rg BT 196.98 313.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 221.88 313.75 Td (of ) Tj ET Q q 0 0 0 rg BT 233.44 313.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 263.34 313.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 276.56 313.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 296.46 313.75 Td (10,809) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.05 313.75 Td ( ) Tj ET Q q 0 0 0 rg BT 330.26 313.75 Td (Mcf/d ) Tj ET Q q 0 0 0 rg BT 357.93 313.75 Td (of ) Tj ET Q q 0 0 0 rg BT 369.48 313.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 403.27 313.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 425.39 313.75 Td (In ) Tj ET Q q 0 0 0 rg BT 436.95 313.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 465.19 313.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 498.98 313.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 528.87 313.75 Td (12 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 301.75 Td (\(12.0 ) Tj ET Q q 0 0 0 rg BT 96.92 301.75 Td (net\) ) Tj ET Q q 0 0 0 rg BT 116.27 301.75 Td (horizontal ) Tj ET Q q 0 0 0 rg BT 161.76 301.75 Td (multi-lateral ) Tj ET Q q 0 0 0 rg BT 215.56 301.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 239.91 301.75 Td (and ) Tj ET Q q 0 0 0 rg BT 258.72 301.75 Td (one ) Tj ET Q q 0 0 0 rg BT 277.53 301.75 Td (\(1.0 ) Tj ET Q q 0 0 0 rg BT 296.89 301.75 Td (net\) ) Tj ET Q q 0 0 0 rg BT 316.24 301.75 Td (service ) Tj ET Q q 0 0 0 rg BT 350.04 301.75 Td (well ) Tj ET Q q 0 0 0 rg BT 369.39 301.75 Td (in ) Tj ET Q q 0 0 0 rg BT 379.30 301.75 Td (this ) Tj ET Q q 0 0 0 rg BT 396.99 301.75 Td (area. ) Tj ET Q q 0 0 0 rg BT 421.90 301.75 Td ( ) Tj ET Q q 0 0 0 rg BT 424.03 301.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 456.72 301.75 Td (held ) Tj ET Q q 0 0 0 rg BT 477.76 301.75 Td (approximately ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 289.75 Td (407,923 ) Tj ET Q q 0 0 0 rg BT 110.93 289.75 Td (net ) Tj ET Q q 0 0 0 rg BT 127.61 289.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 187.66 289.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 214.89 289.75 Td (in ) Tj ET Q q 0 0 0 rg BT 225.45 289.75 Td (this ) Tj ET Q q 0 0 0 rg BT 243.79 289.75 Td (area ) Tj ET Q q 0 0 0 rg BT 266.58 289.75 Td (at ) Tj ET Q q 0 0 0 rg BT 277.70 289.75 Td (year-end ) Tj ET Q q 0 0 0 rg BT 319.95 289.75 Td (2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 268.75 Td (Lloydminster ) Tj ET Q q 0 0 0 rg BT 137.57 268.75 Td (- ) Tj ET Q q 0 0 0 rg BT 143.30 268.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 180.54 268.75 Td (and ) Tj ET Q q 0 0 0 rg BT 201.09 268.75 Td (Saskatchewan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.29 247.75 Td (Lloydminster ) Tj ET Q q 0 0 0 rg BT 148.61 247.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.13 247.75 Td (consist ) Tj ET Q q 0 0 0 rg BT 211.88 247.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.84 247.75 Td (several ) Tj ET Q q 0 0 0 rg BT 255.70 247.75 Td (geographically ) Tj ET Q q 0 0 0 rg BT 321.82 247.75 Td (dispersed ) Tj ET Q q 0 0 0 rg BT 366.80 247.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 395.11 247.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 406.74 247.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 455.06 247.75 Td (that ) Tj ET Q q 0 0 0 rg BT 473.36 247.75 Td (include ) Tj ET Q q 0 0 0 rg BT 506.68 247.75 Td (primary ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 235.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.96 235.75 Td (thermal ) Tj ET Q q 0 0 0 rg BT 126.59 235.75 Td (production. ) Tj ET Q q 0 0 0 rg BT 178.34 235.75 Td (In ) Tj ET Q q 0 0 0 rg BT 188.96 235.75 Td (some ) Tj ET Q q 0 0 0 rg BT 215.70 235.75 Td (cases, ) Tj ET Q q 0 0 0 rg BT 246.88 235.75 Td (Baytex's ) Tj ET Q q 0 0 0 rg BT 286.64 235.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 315.60 235.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 327.88 235.75 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 374.06 235.75 Td (are ) Tj ET Q q 0 0 0 rg BT 390.79 235.75 Td (waterflooded. ) Tj ET Q q 0 0 0 rg BT 453.11 235.75 Td ( ) Tj ET Q q 0 0 0 rg BT 455.39 235.75 Td (In ) Tj ET Q q 0 0 0 rg BT 466.01 235.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 493.31 235.75 Td (production ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 223.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 115.33 223.75 Td (approximately) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 180.36 223.75 Td (10,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.95 223.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 212.42 223.75 Td (boe/d, ) Tj ET Q q 0 0 0 rg BT 241.85 223.75 Td (which ) Tj ET Q q 0 0 0 rg BT 269.05 223.75 Td (was ) Tj ET Q q 0 0 0 rg BT 288.47 223.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 336.23 223.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 346.20 223.75 Td (9,824) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.23 223.75 Td ( ) Tj ET Q q 0 0 0 rg BT 372.86 223.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 396.18 223.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.15 223.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 434.47 223.75 Td (oil, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.89 223.75 Td (700) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.57 223.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 491.67 223.75 Td (of ) Tj ET Q q 0 0 0 rg BT 501.64 223.75 Td (bitumen, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 211.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.82 211.75 Td (602) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.50 211.75 Td (Mcf/d ) Tj ET Q q 0 0 0 rg BT 138.86 211.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.33 211.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 184.04 211.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 206.07 211.75 Td (During ) Tj ET Q q 0 0 0 rg BT 238.67 211.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 266.82 211.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 300.53 211.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 330.34 211.75 Td (94\(69.5net\) ) Tj ET Q q 0 0 0 rg BT 390.17 211.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 418.31 211.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 459.24 211.75 Td (in ) Tj ET Q q 0 0 0 rg BT 470.16 211.75 Td (85\(60.9net\) ) Tj ET Q q 0 0 0 rg BT 529.99 211.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 199.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 98.94 199.75 Td (and ) Tj ET Q q 0 0 0 rg BT 120.34 199.75 Td (8 ) Tj ET Q q 0 0 0 rg BT 130.62 199.75 Td (\(8.0 ) Tj ET Q q 0 0 0 rg BT 152.57 199.75 Td (net\) ) Tj ET Q q 0 0 0 rg BT 174.51 199.75 Td (stratigraphic ) Tj ET Q q 0 0 0 rg BT 233.70 199.75 Td (and ) Tj ET Q q 0 0 0 rg BT 255.10 199.75 Td (service ) Tj ET Q q 0 0 0 rg BT 291.49 199.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 318.43 199.75 Td (in ) Tj ET Q q 0 0 0 rg BT 330.93 199.75 Td (the ) Tj ET Q q 0 0 0 rg BT 349.54 199.75 Td (area. ) Tj ET Q q 0 0 0 rg BT 377.05 199.75 Td (W) Tj ET Q q 0 0 0 rg BT 386.31 199.75 Td (e ) Tj ET Q q 0 0 0 rg BT 396.59 199.75 Td (held ) Tj ET Q q 0 0 0 rg BT 420.21 199.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 487.17 199.75 Td (164,459net ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 187.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 132.05 187.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 159.29 187.75 Td (in ) Tj ET Q q 0 0 0 rg BT 169.85 187.75 Td (this ) Tj ET Q q 0 0 0 rg BT 188.19 187.75 Td (area ) Tj ET Q q 0 0 0 rg BT 210.98 187.75 Td (at ) Tj ET Q q 0 0 0 rg BT 222.10 187.75 Td (year-end ) Tj ET Q q 0 0 0 rg BT 264.34 187.75 Td (2018. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 166.75 Td (Duvernay ) Tj ET Q q 0 0 0 rg BT 120.35 166.75 Td (- ) Tj ET Q q 0 0 0 rg BT 126.09 166.75 Td (Alberta) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 145.75 Td (On ) Tj ET Q q 0 0 0 rg BT 87.43 145.75 Td (August ) Tj ET Q q 0 0 0 rg BT 121.17 145.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 137.68 145.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 165.31 145.75 Td (as ) Tj ET Q q 0 0 0 rg BT 178.48 145.75 Td (a ) Tj ET Q q 0 0 0 rg BT 186.65 145.75 Td (result ) Tj ET Q q 0 0 0 rg BT 213.71 145.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.66 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.16 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 257.67 145.75 Td (merger ) Tj ET Q q 0 0 0 rg BT 291.96 145.75 Td (with ) Tj ET Q q 0 0 0 rg BT 312.35 145.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 346.64 145.75 Td (River) Tj ET Q q 0 0 0 rg BT 369.43 145.75 Td (, ) Tj ET Q q 0 0 0 rg BT 374.81 145.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 407.99 145.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 448.96 145.75 Td (a ) Tj ET Q q 0 0 0 rg BT 457.13 145.75 Td (land ) Tj ET Q q 0 0 0 rg BT 478.64 145.75 Td (position ) Tj ET Q q 0 0 0 rg BT 515.72 145.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.11 145.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 133.75 Td (emerging ) Tj ET Q q 0 0 0 rg BT 116.37 133.75 Td (East ) Tj ET Q q 0 0 0 rg BT 139.05 133.75 Td (Duvernay ) Tj ET Q q 0 0 0 rg BT 184.53 133.75 Td (shale ) Tj ET Q q 0 0 0 rg BT 211.11 133.75 Td (basin ) Tj ET Q q 0 0 0 rg BT 237.69 133.75 Td (in ) Tj ET Q q 0 0 0 rg BT 248.15 133.75 Td (central ) Tj ET Q q 0 0 0 rg BT 280.31 133.75 Td (Alberta. ) Tj ET Q q 0 0 0 rg BT 317.45 133.75 Td ( ) Tj ET Q q 0 0 0 rg BT 320.13 133.75 Td (In ) Tj ET Q q 0 0 0 rg BT 331.15 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 347.72 133.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 375.97 133.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 410.33 133.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.35 133.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 449.05 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.63 133.75 Td (Duvernay ) Tj ET Q q 0 0 0 rg BT 511.10 133.75 Td (assets ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 121.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 116.32 121.75 Td (1,432 ) Tj ET Q q 0 0 0 rg BT 143.96 121.75 Td (boe/d, ) Tj ET Q q 0 0 0 rg BT 174.38 121.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 223.13 121.75 Td (of ) Tj ET Q q 0 0 0 rg BT 234.08 121.75 Td (1,231 ) Tj ET Q q 0 0 0 rg BT 261.73 121.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 286.03 121.75 Td (of ) Tj ET Q q 0 0 0 rg BT 296.99 121.75 Td (light ) Tj ET Q q 0 0 0 rg BT 317.95 121.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 330.57 121.75 Td (and ) Tj ET Q q 0 0 0 rg BT 349.88 121.75 Td (NGL) Tj ET Q q 0 0 0 rg BT 370.07 121.75 Td ( ) Tj ET Q q 0 0 0 rg BT 372.69 121.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.99 121.75 Td (1,200 ) Tj ET Q q 0 0 0 rg BT 419.63 121.75 Td (Mcf/d ) Tj ET Q q 0 0 0 rg BT 446.70 121.75 Td (of ) Tj ET Q q 0 0 0 rg BT 457.66 121.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 490.85 121.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 512.37 121.75 Td ( ) Tj ET Q q 0 0 0 rg BT 514.99 121.75 Td (Since ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 109.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 122.59 109.75 Td (on ) Tj ET Q q 0 0 0 rg BT 136.39 109.75 Td (August ) Tj ET Q q 0 0 0 rg BT 170.87 109.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 188.11 109.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 216.48 109.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 250.39 109.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 299.87 109.75 Td (four\(4.0net\) ) Tj ET Q q 0 0 0 rg BT 360.46 109.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 388.81 109.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 429.94 109.75 Td (in ) Tj ET Q q 0 0 0 rg BT 441.07 109.75 Td (four\(4.0net\) ) Tj ET Q q 0 0 0 rg BT 501.66 109.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 515.01 109.75 Td (wells. ) Tj ET Q q 0 0 0 rg BT 542.79 109.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 97.75 Td (As ) Tj ET Q q 0 0 0 rg BT 86.45 97.75 Td (at ) Tj ET Q q 0 0 0 rg BT 97.57 97.75 Td (December ) Tj ET Q q 0 0 0 rg BT 146.47 97.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.15 97.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 190.96 97.75 Td (our ) Tj ET Q q 0 0 0 rg BT 208.19 97.75 Td (net ) Tj ET Q q 0 0 0 rg BT 224.87 97.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 284.92 97.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 311.60 97.75 Td (totaled ) Tj ET Q q 0 0 0 rg BT 344.41 97.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 409.44 97.75 Td (301,760 ) Tj ET Q q 0 0 0 rg BT 448.36 97.75 Td (net ) Tj ET Q q 0 0 0 rg BT 465.04 97.75 Td (acres.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I14 Do Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (A) Tj ET Q q 0 0 0 rg BT 78.85 712.75 Td (verage ) Tj ET Q q 0 0 0 rg BT 113.88 712.75 Td (Production) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.15 691.75 Td (following ) Tj ET Q q 0 0 0 rg BT 133.99 691.75 Td (table ) Tj ET Q q 0 0 0 rg BT 158.60 691.75 Td (indicates ) Tj ET Q q 0 0 0 rg BT 200.99 691.75 Td (our ) Tj ET Q q 0 0 0 rg BT 218.36 691.75 Td (average ) Tj ET Q q 0 0 0 rg BT 257.43 691.75 Td (daily ) Tj ET Q q 0 0 0 rg BT 280.92 691.75 Td (production ) Tj ET Q q 0 0 0 rg BT 330.54 691.75 Td (from ) Tj ET Q q 0 0 0 rg BT 353.46 691.75 Td (our ) Tj ET Q q 0 0 0 rg BT 370.84 691.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 411.00 691.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 458.39 691.75 Td (for ) Tj ET Q q 0 0 0 rg BT 472.99 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 489.81 691.75 Td (year ) Tj ET Q q 0 0 0 rg BT 512.19 691.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 542.77 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 545.55 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 548.33 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 551.11 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 553.89 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 556.67 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 559.44 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 562.22 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 565.00 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 567.78 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 570.56 691.75 Td ( ) Tj ET Q q 0 0 0 rg BT 573.34 691.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.59 679.75 Td (2018.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 615.25 m 173 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 615.25 m 215 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 615.25 m 257 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 615.25 m 299 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 615.25 m 341 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 615.25 m 383 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 615.25 m 425 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 615.25 m 467 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 615.25 m 518 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 571.25 m 173 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 571.25 m 215 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 571.25 m 257 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 571.25 m 299 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 571.25 m 341 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 571.25 m 383 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 571.25 m 425 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 571.25 m 467 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 571.25 m 518 571.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 492.25 m 173 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 492.25 m 215 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 492.25 m 257 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 492.25 m 299 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 492.25 m 341 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 492.25 m 383 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 492.25 m 425 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 492.25 m 467 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 492.25 m 518 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 428.25 m 518 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 428.25 m 173 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 414.25 m 173 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 428.25 m 215 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 414.25 m 215 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 428.25 m 257 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 414.25 m 257 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 428.25 m 299 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 414.25 m 299 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 428.25 m 341 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 414.25 m 341 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 428.25 m 383 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 414.25 m 383 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 428.25 m 425 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 414.25 m 425 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 428.25 m 467 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 414.25 m 467 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 428.25 m 518 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 414.25 m 518 414.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.90 635.48 Td (Heavy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.80 627.48 Td (Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.05 619.48 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.50 627.48 Td (Bitumen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.05 619.48 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.95 651.48 Td (Light ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.25 643.48 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.25 635.48 Td (Medium ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.80 627.48 Td (Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.05 619.48 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.05 635.48 Td (T) Tj ET Q q 0 0 0 rg BT 322.79 635.48 Td (ight ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.80 627.48 Td (Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.05 619.48 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.75 627.48 Td (NGL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.05 619.48 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.15 635.48 Td (Shale ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.35 627.48 Td (Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.25 619.48 Td (\(Mcf/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.90 635.48 Td (Natural ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.35 627.48 Td (Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 619.48 Td (\(Mcf/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.80 635.48 Td (Oil ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 627.48 Td (Equivalent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.80 619.48 Td (\(boe/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.50 599.48 Td (Canada - Heavy) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 586.93 Td (Peace River) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.30 586.93 Td (15,1) Tj ET Q q 0 0 0 rg BT 202.87 586.93 Td (18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.75 586.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.35 586.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.75 586.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.90 586.93 Td (76) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.75 586.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.30 586.93 Td (10,809) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 586.98 Td (16,997) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 574.93 Td (Lloydminster) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 191.75 574.93 Td (9,824) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.45 574.93 Td (700) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.85 574.93 Td (28) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.75 574.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.75 574.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.75 574.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.45 574.93 Td (602) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 574.98 Td (10,653) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 562.93 Td (T) Tj ET Q q 0 0 0 rg BT 99.94 562.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.30 562.93 Td (24,942) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.45 562.93 Td (700) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.85 562.93 Td (31) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.75 562.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.90 562.93 Td (76) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.75 562.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.30 562.93 Td (1) Tj ET Q q 0 0 0 rg BT 443.75 562.93 Td (1,41) Tj ET Q q 0 0 0 rg BT 459.32 562.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 562.98 Td (27,650) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.50 540.48 Td (Canada - Light) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 527.93 Td (V) Tj ET Q q 0 0 0 rg BT 100.76 527.93 Td (iking) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 198.45 527.93 Td (312) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.75 527.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.75 527.98 Td (7,794) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.75 527.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.90 527.93 Td (23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.75 527.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.75 527.93 Td (3,635) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.75 527.98 Td (8,735) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 515.93 Td (Duvernay) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.75 515.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.75 515.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.75 515.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 324.45 515.93 Td (289) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.90 515.93 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.75 515.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.45 515.93 Td (336) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.45 515.98 Td (430) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 503.93 Td (Remaining) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 495.93 Td (properties) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.75 496.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.75 496.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.45 496.48 Td (845) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.75 496.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.75 496.48 Td (1,016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.75 496.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.30 496.48 Td (28,240) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.75 496.53 Td (6,567) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 483.93 Td (T) Tj ET Q q 0 0 0 rg BT 99.94 483.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 198.45 483.93 Td (312) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.75 483.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.75 483.98 Td (8,639) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 324.45 483.93 Td (289) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.75 483.93 Td (1,123) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.75 483.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.30 483.93 Td (32,21) Tj ET Q q 0 0 0 rg BT 459.32 483.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 483.98 Td (15,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.50 454.48 Td (United States) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 441.93 Td (Eagle Ford) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.75 441.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.75 441.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.75 441.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.30 441.98 Td (20,305) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.75 441.93 Td (8,546) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.30 441.93 Td (49,349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.75 441.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 441.98 Td (37,076) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.50 418.48 Td (Grand T) Tj ET Q q 0 0 0 rg BT 125.57 418.48 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.30 418.48 Td (25,254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.45 418.48 Td (700) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.75 418.53 Td (8,670) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.30 418.53 Td (20,594) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.75 418.48 Td (9,745) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.30 418.48 Td (49,349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.30 418.48 Td (43,622) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 418.53 Td (80,458) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 393.75 Td (Costs ) Tj ET Q q 0 0 0 rg BT 102.56 393.75 Td (Incurred) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 372.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.88 372.75 Td (following ) Tj ET Q q 0 0 0 rg BT 133.44 372.75 Td (table ) Tj ET Q q 0 0 0 rg BT 157.78 372.75 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 214.32 372.75 Td (the ) Tj ET Q q 0 0 0 rg BT 230.87 372.75 Td (property ) Tj ET Q q 0 0 0 rg BT 270.21 372.75 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 322.88 372.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 374.46 372.75 Td (and ) Tj ET Q q 0 0 0 rg BT 393.79 372.75 Td (development ) Tj ET Q q 0 0 0 rg BT 453.70 372.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 479.69 372.75 Td (by ) Tj ET Q q 0 0 0 rg BT 492.90 372.75 Td (country ) Tj ET Q q 0 0 0 rg BT 528.34 372.75 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 360.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 360.75 Td (year ) Tj ET Q q 0 0 0 rg BT 110.91 360.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 141.50 360.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 207.08 360.75 Td (2018.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 329.25 m 332 329.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 329.25 m 414 329.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 329.25 m 496 329.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 269.25 m 332 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 269.25 m 414 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 269.25 m 496 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 221.25 m 332 221.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 209.25 m 332 209.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 221.25 m 414 221.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 209.25 m 414 209.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 221.25 m 496 221.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 209.25 m 496 209.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 117.50 332.93 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.60 332.93 Td (Canada) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.35 332.93 Td (United States) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.95 332.93 Td (T) Tj ET Q q 0 0 0 rg BT 478.24 332.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 117.50 308.93 Td (Property acquisition costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 126.50 296.93 Td (Proved properties) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.50 296.93 Td (1,507,997) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.15 296.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.55 296.98 Td (1,507,997) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 126.50 284.93 Td (Unproved properties) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.60 284.93 Td (98,372) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.15 284.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.65 284.93 Td (98,372) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 117.50 272.93 Td (Property disposition) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.45 272.93 Td (\(2,519) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.15 272.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.15 272.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.45 272.93 Td (\(2,519) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.15 272.93 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 117.50 260.93 Td (T) Tj ET Q q 0 0 0 rg BT 121.94 260.93 Td (otal Property acquisition costs, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.50 260.93 Td (1,603,850) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.15 260.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.55 260.98 Td (1,603,850) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 117.50 236.93 Td (Development Costs ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 189.53 240.74 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.20 236.93 Td (291,550) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.20 236.93 Td (193,604) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.20 236.93 Td (485,154) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 117.50 224.93 Td (Exploration Costs ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 182.42 228.74 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.60 224.93 Td (10,567) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.15 224.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.65 224.93 Td (10,567) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 117.50 212.93 Td (T) Tj ET Q q 0 0 0 rg BT 121.50 212.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.50 212.93 Td (1,905,967) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.20 212.93 Td (193,604) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.55 212.98 Td (2,099,571) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 197.15 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 184.55 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 184.55 Td (Development ) Tj ET Q q 0 0 0 rg BT 157.36 184.55 Td (and ) Tj ET Q q 0 0 0 rg BT 172.93 184.55 Td (facilities ) Tj ET Q q 0 0 0 rg BT 203.61 184.55 Td (expenditures. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 171.95 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 171.95 Td (Cost ) Tj ET Q q 0 0 0 rg BT 126.67 171.95 Td (of ) Tj ET Q q 0 0 0 rg BT 135.57 171.95 Td (land, ) Tj ET Q q 0 0 0 rg BT 155.14 171.95 Td (geological ) Tj ET Q q 0 0 0 rg BT 193.39 171.95 Td (and ) Tj ET Q q 0 0 0 rg BT 208.96 171.95 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 253.43 171.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 278.78 171.95 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 326.81 171.95 Td (and ) Tj ET Q q 0 0 0 rg BT 342.38 171.95 Td (drilling ) Tj ET Q q 0 0 0 rg BT 367.72 171.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.62 171.95 Td (for ) Tj ET Q q 0 0 0 rg BT 400.18 171.95 Td (2018 ) Tj ET Q q 0 0 0 rg BT 420.20 171.95 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 461.99 171.95 Td (wells ) Tj ET Q q 0 0 0 rg BT 482.00 171.95 Td (drilled. ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I15 Do Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 88.11 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 108.67 712.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 130.35 712.75 Td (W) Tj ET Q q 0 0 0 rg BT 139.61 712.75 Td (ells ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.94 691.75 Td (following ) Tj ET Q q 0 0 0 rg BT 135.57 691.75 Td (table ) Tj ET Q q 0 0 0 rg BT 160.97 691.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 183.02 691.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 206.74 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 224.36 691.75 Td (number ) Tj ET Q q 0 0 0 rg BT 261.97 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 282.37 691.75 Td (status ) Tj ET Q q 0 0 0 rg BT 312.76 691.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.82 691.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 350.76 691.75 Td (in ) Tj ET Q q 0 0 0 rg BT 362.25 691.75 Td (which ) Tj ET Q q 0 0 0 rg BT 391.53 691.75 Td (we ) Tj ET Q q 0 0 0 rg BT 408.03 691.75 Td (have ) Tj ET Q q 0 0 0 rg BT 433.43 691.75 Td (a ) Tj ET Q q 0 0 0 rg BT 442.70 691.75 Td (working ) Tj ET Q q 0 0 0 rg BT 480.87 691.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 517.38 691.75 Td (as ) Tj ET Q q 0 0 0 rg BT 531.65 691.75 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (December31,2018.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 648.25 m 201 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 636.25 m 201 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 648.25 m 205 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 636.25 m 205 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 648.25 m 252 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 636.25 m 252 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 648.25 m 256 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 636.25 m 256 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 648.25 m 299 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 636.25 m 299 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 648.25 m 303 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 636.25 m 303 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 648.25 m 346 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 636.25 m 346 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 648.25 m 386 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 636.25 m 386 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 648.25 m 390 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 636.25 m 390 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 648.25 m 435 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 636.25 m 435 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 648.25 m 439 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 636.25 m 439 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 648.25 m 476 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 636.25 m 476 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 648.25 m 480 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 636.25 m 480 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 648.25 m 521 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 636.25 m 521 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 624.25 m 201 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 624.25 m 252 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 624.25 m 299 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 624.25 m 346 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 624.25 m 386 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 624.25 m 435 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 624.25 m 476 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 624.25 m 521 624.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 613.25 m 201 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 601.25 m 201 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 613.25 m 205 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 601.25 m 205 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 613.25 m 252 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 601.25 m 252 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 613.25 m 256 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 601.25 m 256 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 613.25 m 299 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 601.25 m 299 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 613.25 m 303 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 601.25 m 303 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 613.25 m 346 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 601.25 m 346 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 613.25 m 352 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 601.25 m 352 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 613.25 m 386 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 601.25 m 386 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 613.25 m 390 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 601.25 m 390 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 613.25 m 435 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 601.25 m 435 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 613.25 m 439 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 601.25 m 439 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 613.25 m 476 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 601.25 m 476 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 613.25 m 480 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 601.25 m 480 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 613.25 m 521 613.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 601.25 m 521 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 601.25 m 201 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 589.25 m 201 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 601.25 m 205 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 589.25 m 205 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 601.25 m 252 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 589.25 m 252 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 601.25 m 256 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 589.25 m 256 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 601.25 m 299 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 589.25 m 299 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 601.25 m 303 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 589.25 m 303 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 601.25 m 346 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 589.25 m 346 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 601.25 m 352 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 589.25 m 352 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 601.25 m 386 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 589.25 m 386 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 601.25 m 390 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 589.25 m 390 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 601.25 m 435 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 589.25 m 435 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 601.25 m 439 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 589.25 m 439 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 601.25 m 476 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 589.25 m 476 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 601.25 m 480 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 589.25 m 480 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 601.25 m 521 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 589.25 m 521 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 589.25 m 201 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 577.25 m 201 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 589.25 m 205 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 577.25 m 205 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 589.25 m 252 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 577.25 m 252 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 589.25 m 256 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 577.25 m 256 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 589.25 m 299 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 577.25 m 299 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 589.25 m 303 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 577.25 m 303 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 589.25 m 346 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 577.25 m 346 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 589.25 m 352 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 577.25 m 352 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 589.25 m 386 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 577.25 m 386 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 589.25 m 390 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 577.25 m 390 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 589.25 m 435 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 577.25 m 435 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 589.25 m 439 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 577.25 m 439 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 589.25 m 476 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 577.25 m 476 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 589.25 m 480 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 577.25 m 480 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 589.25 m 521 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 577.25 m 521 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 577.25 m 201 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 565.25 m 201 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 577.25 m 252 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 565.25 m 252 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 577.25 m 299 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 565.25 m 299 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 577.25 m 346 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 565.25 m 346 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 577.25 m 386 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 565.25 m 386 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 577.25 m 435 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 565.25 m 435 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 577.25 m 476 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 565.25 m 476 565.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 577.25 m 521 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 565.25 m 521 565.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.65 651.93 Td (Oil W) Tj ET Q q 0 0 0 rg BT 257.02 651.93 Td (ells) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.05 651.93 Td (Natural Gas W) Tj ET Q q 0 0 0 rg BT 456.66 651.93 Td (ells) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.70 639.93 Td (Producing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.60 639.93 Td (Non-Producing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.20 639.93 Td (Producing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 639.93 Td (Non-Producing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.40 627.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.55 627.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.40 627.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.55 627.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.90 627.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.55 627.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.40 627.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.55 627.93 Td (Net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 92.50 604.93 Td (Alberta) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.75 604.93 Td (1,171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.75 604.93 Td (905.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.75 604.98 Td (1,334) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.75 604.98 Td (855.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.45 604.93 Td (341) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.75 604.98 Td (269.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.45 604.93 Td (520) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.75 604.98 Td (386.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 92.50 592.93 Td (Saskatchewan) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.75 592.93 Td (3,204) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.10 592.93 Td (2,874.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.75 592.98 Td (1,827) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.75 592.98 Td (1,725) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.45 592.93 Td (1) Tj ET Q q 0 0 0 rg BT 373.90 592.93 Td (1) Tj ET Q q 0 0 0 rg BT 378.35 592.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.20 592.98 Td (74.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.45 592.93 Td (214) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.75 592.98 Td (178.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 92.50 580.93 Td (T) Tj ET Q q 0 0 0 rg BT 96.94 580.93 Td (exas) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 184.45 580.93 Td (680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.75 580.93 Td (152.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.85 580.93 Td (20) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.65 580.98 Td (3.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.45 580.93 Td (405) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.75 580.98 Td (1) Tj ET Q q 0 0 0 rg BT 416.20 580.98 Td (10.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.90 580.93 Td (47) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.20 580.98 Td (12.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 92.50 568.93 Td (T) Tj ET Q q 0 0 0 rg BT 96.50 568.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.75 568.93 Td (5,055) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.10 568.93 Td (3,932.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.75 568.98 Td (3,181) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 316.10 568.93 Td (2,583.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.45 568.93 Td (857) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.75 568.98 Td (454.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.45 568.93 Td (781) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.75 568.98 Td (577.7) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 544.75 Td (Properties ) Tj ET Q q 0 0 0 rg BT 124.24 544.75 Td (with ) Tj ET Q q 0 0 0 rg BT 147.01 544.75 Td (No ) Tj ET Q q 0 0 0 rg BT 162.75 544.75 Td (Attributed ) Tj ET Q q 0 0 0 rg BT 213.30 544.75 Td (Reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 523.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.01 523.75 Td (following ) Tj ET Q q 0 0 0 rg BT 133.70 523.75 Td (table ) Tj ET Q q 0 0 0 rg BT 158.16 523.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 179.28 523.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 202.07 523.75 Td (our ) Tj ET Q q 0 0 0 rg BT 219.30 523.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 279.35 523.75 Td (land ) Tj ET Q q 0 0 0 rg BT 301.04 523.75 Td (holdings ) Tj ET Q q 0 0 0 rg BT 341.07 523.75 Td (as ) Tj ET Q q 0 0 0 rg BT 354.41 523.75 Td (at ) Tj ET Q q 0 0 0 rg BT 365.53 523.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 431.11 523.75 Td (2018.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 492.25 m 350.5 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 492.25 m 354.5 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 492.25 m 414.5 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 480.25 m 350.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 480.25 m 414.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 456.25 m 350.5 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 444.25 m 350.5 444.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 456.25 m 414.5 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 444.25 m 414.5 444.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.80 495.93 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 366.10 495.93 Td (Acres) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.40 483.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.55 483.93 Td (Net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 199.00 471.93 Td (Alberta) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.70 471.93 Td (1,054,743) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.35 471.93 Td (964,579) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 199.00 459.93 Td (Saskatchewan) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 318.35 459.93 Td (369,366) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.35 459.93 Td (329,641) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 199.00 447.93 Td (T) Tj ET Q q 0 0 0 rg BT 203.00 447.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.70 447.93 Td (1,424,109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.70 447.93 Td (1,294,220) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 423.75 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 132.92 423.75 Td (land ) Tj ET Q q 0 0 0 rg BT 153.82 423.75 Td (holdings ) Tj ET Q q 0 0 0 rg BT 193.06 423.75 Td (are ) Tj ET Q q 0 0 0 rg BT 209.50 423.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 235.40 423.75 Td (that ) Tj ET Q q 0 0 0 rg BT 254.06 423.75 Td (have ) Tj ET Q q 0 0 0 rg BT 277.74 423.75 Td (not ) Tj ET Q q 0 0 0 rg BT 293.63 423.75 Td (been ) Tj ET Q q 0 0 0 rg BT 317.86 423.75 Td (assigned ) Tj ET Q q 0 0 0 rg BT 359.88 423.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 400.21 423.75 Td (as ) Tj ET Q q 0 0 0 rg BT 412.76 423.75 Td (at ) Tj ET Q q 0 0 0 rg BT 423.09 423.75 Td (December ) Tj ET Q q 0 0 0 rg BT 471.21 423.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 487.10 423.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 514.11 423.75 Td ( ) Tj ET Q q 0 0 0 rg BT 516.10 423.75 Td (None ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 411.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.41 411.75 Td (these ) Tj ET Q q 0 0 0 rg BT 110.95 411.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 171.30 411.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 218.84 411.75 Td (have ) Tj ET Q q 0 0 0 rg BT 243.59 411.75 Td (high ) Tj ET Q q 0 0 0 rg BT 265.57 411.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 309.23 411.75 Td (development ) Tj ET Q q 0 0 0 rg BT 369.57 411.75 Td (or ) Tj ET Q q 0 0 0 rg BT 381.53 411.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 426.30 411.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 452.71 411.75 Td (or ) Tj ET Q q 0 0 0 rg BT 464.68 411.75 Td (contractual ) Tj ET Q q 0 0 0 rg BT 516.67 411.75 Td (sales ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 399.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 123.40 399.75 Td (to ) Tj ET Q q 0 0 0 rg BT 135.33 399.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 175.06 399.75 Td (and ) Tj ET Q q 0 0 0 rg BT 195.34 399.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 213.93 399.75 Td (at ) Tj ET Q q 0 0 0 rg BT 225.86 399.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 284.48 399.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 311.97 399.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 342.24 399.75 Td (than ) Tj ET Q q 0 0 0 rg BT 365.29 399.75 Td (could ) Tj ET Q q 0 0 0 rg BT 392.79 399.75 Td (be ) Tj ET Q q 0 0 0 rg BT 407.50 399.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 446.11 399.75 Td (under ) Tj ET Q q 0 0 0 rg BT 475.28 399.75 Td (normal ) Tj ET Q q 0 0 0 rg BT 509.44 399.75 Td (market ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 387.75 Td (conditions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 366.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 366.75 Td (e ) Tj ET Q q 0 0 0 rg BT 90.31 366.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 131.59 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.99 366.75 Td (value ) Tj ET Q q 0 0 0 rg BT 176.38 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.21 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 206.16 366.75 Td (net ) Tj ET Q q 0 0 0 rg BT 223.55 366.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 284.32 366.75 Td (land ) Tj ET Q q 0 0 0 rg BT 306.71 366.75 Td (holdings ) Tj ET Q q 0 0 0 rg BT 347.45 366.75 Td (at ) Tj ET Q q 0 0 0 rg BT 359.28 366.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 425.58 366.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 451.32 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 463.15 366.75 Td (be ) Tj ET Q q 0 0 0 rg BT 477.76 366.75 Td (approximately ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 354.75 Td ($164.6 ) Tj ET Q q 0 0 0 rg BT 105.58 354.75 Td (million, ) Tj ET Q q 0 0 0 rg BT 139.70 354.75 Td (as ) Tj ET Q q 0 0 0 rg BT 153.26 354.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 200.72 354.75 Td (to ) Tj ET Q q 0 0 0 rg BT 212.06 354.75 Td ($75.9 ) Tj ET Q q 0 0 0 rg BT 240.08 354.75 Td (million ) Tj ET Q q 0 0 0 rg BT 271.41 354.75 Td (as ) Tj ET Q q 0 0 0 rg BT 284.97 354.75 Td (at ) Tj ET Q q 0 0 0 rg BT 296.31 354.75 Td (December ) Tj ET Q q 0 0 0 rg BT 345.43 354.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 362.33 354.75 Td (2017. ) Tj ET Q q 0 0 0 rg BT 390.35 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 393.15 354.75 Td (This ) Tj ET Q q 0 0 0 rg BT 415.04 354.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 450.84 354.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 499.42 354.75 Td (generally ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 342.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 121.42 342.75 Td (the ) Tj ET Q q 0 0 0 rg BT 137.50 342.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 183.03 342.75 Td (replacement ) Tj ET Q q 0 0 0 rg BT 240.23 342.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 260.75 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 271.26 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 287.89 342.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 347.34 342.75 Td (land ) Tj ET Q q 0 0 0 rg BT 368.42 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 387.28 342.75 Td (excludes ) Tj ET Q q 0 0 0 rg BT 428.92 342.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 493.35 342.75 Td (98,952 ) Tj ET Q q 0 0 0 rg BT 526.11 342.75 Td (net ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 330.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 99.57 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 111.02 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 128.59 330.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 188.98 330.75 Td (land ) Tj ET Q q 0 0 0 rg BT 211.00 330.75 Td (that ) Tj ET Q q 0 0 0 rg BT 230.80 330.75 Td (we ) Tj ET Q q 0 0 0 rg BT 246.69 330.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 279.27 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 290.73 330.75 Td (expire ) Tj ET Q q 0 0 0 rg BT 321.08 330.75 Td (on ) Tj ET Q q 0 0 0 rg BT 335.31 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 347.32 330.75 Td (before ) Tj ET Q q 0 0 0 rg BT 378.79 330.75 Td (December ) Tj ET Q q 0 0 0 rg BT 428.03 330.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.05 330.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 473.19 330.75 Td ( ) Tj ET Q q 0 0 0 rg BT 476.30 330.75 Td (In ) Tj ET Q q 0 0 0 rg BT 487.76 330.75 Td (determining ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 318.75 Td (replacement ) Tj ET Q q 0 0 0 rg BT 130.50 318.75 Td (cost, ) Tj ET Q q 0 0 0 rg BT 155.09 318.75 Td (we ) Tj ET Q q 0 0 0 rg BT 171.35 318.75 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 214.85 318.75 Td (land ) Tj ET Q q 0 0 0 rg BT 237.22 318.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 259.04 318.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 289.19 318.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 311.57 318.75 Td (at ) Tj ET Q q 0 0 0 rg BT 323.38 318.75 Td (Provincial ) Tj ET Q q 0 0 0 rg BT 370.20 318.75 Td (Crown ) Tj ET Q q 0 0 0 rg BT 402.57 318.75 Td (land ) Tj ET Q q 0 0 0 rg BT 424.94 318.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 451.76 318.75 Td (for ) Tj ET Q q 0 0 0 rg BT 466.90 318.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 514.84 318.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.10 318.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 306.75 Td (vicinity ) Tj ET Q q 0 0 0 rg BT 104.78 306.75 Td (of ) Tj ET Q q 0 0 0 rg BT 115.90 306.75 Td (our ) Tj ET Q q 0 0 0 rg BT 133.13 306.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 193.19 306.75 Td (land ) Tj ET Q q 0 0 0 rg BT 214.87 306.75 Td (holdings. ) Tj ET Q q 0 0 0 rg BT 257.68 306.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 285.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.37 285.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 91.27 285.75 Td (Horizon) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 264.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 104.83 264.75 Td (does ) Tj ET Q q 0 0 0 rg BT 128.77 264.75 Td (not ) Tj ET Q q 0 0 0 rg BT 144.93 264.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 176.66 264.75 Td (to ) Tj ET Q q 0 0 0 rg BT 187.25 264.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 205.64 264.75 Td (any ) Tj ET Q q 0 0 0 rg BT 224.02 264.75 Td (material ) Tj ET Q q 0 0 0 rg BT 261.84 264.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 285.22 264.75 Td (income ) Tj ET Q q 0 0 0 rg BT 319.72 264.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 345.88 264.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 368.14 264.75 Td (to ) Tj ET Q q 0 0 0 rg BT 378.74 264.75 Td (2022. ) Tj ET Q q 0 0 0 rg BT 406.03 264.75 Td ( ) Tj ET Q q 0 0 0 rg BT 408.14 264.75 Td (This ) Tj ET Q q 0 0 0 rg BT 429.29 264.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 469.34 264.75 Td (and ) Tj ET Q q 0 0 0 rg BT 488.28 264.75 Td (any ) Tj ET Q q 0 0 0 rg BT 506.66 264.75 Td (amount ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 252.75 Td (of ) Tj ET Q q 0 0 0 rg BT 82.31 252.75 Td (income ) Tj ET Q q 0 0 0 rg BT 116.53 252.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 131.84 252.75 Td (we ) Tj ET Q q 0 0 0 rg BT 146.60 252.75 Td (may ) Tj ET Q q 0 0 0 rg BT 167.47 252.75 Td (be ) Tj ET Q q 0 0 0 rg BT 180.56 252.75 Td (required ) Tj ET Q q 0 0 0 rg BT 219.23 252.75 Td (to ) Tj ET Q q 0 0 0 rg BT 229.54 252.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 247.64 252.75 Td (in ) Tj ET Q q 0 0 0 rg BT 257.40 252.75 Td (the ) Tj ET Q q 0 0 0 rg BT 273.28 252.75 Td (future ) Tj ET Q q 0 0 0 rg BT 300.82 252.75 Td (is ) Tj ET Q q 0 0 0 rg BT 310.02 252.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 338.12 252.75 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 379.00 252.75 Td (to ) Tj ET Q q 0 0 0 rg BT 389.32 252.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 447.43 252.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 491.66 252.75 Td (commodity ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 240.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 104.19 240.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 156.41 240.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.27 240.75 Td (flow) Tj ET Q q 0 0 0 rg BT 197.50 240.75 Td (, ) Tj ET Q q 0 0 0 rg BT 203.02 240.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.66 240.75 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 289.66 240.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 317.97 240.75 Td (and ) Tj ET Q q 0 0 0 rg BT 337.39 240.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 377.94 240.75 Td (in ) Tj ET Q q 0 0 0 rg BT 388.46 240.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 435.12 240.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 451.20 240.75 Td (laws. ) Tj ET Q q 0 0 0 rg BT 476.72 240.75 Td ( ) Tj ET Q q 0 0 0 rg BT 479.46 240.75 Td (For ) Tj ET Q q 0 0 0 rg BT 497.20 240.75 Td (additional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 228.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 126.72 228.75 Td (see ) Tj ET Q q 0 0 0 rg BT 145.33 228.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 168.93 228.75 Td (16 ) Tj ET Q q 0 0 0 rg BT 182.53 228.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.35 228.75 Td (our ) Tj ET Q q 0 0 0 rg BT 210.28 228.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 245.57 228.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 304.20 228.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 343.36 228.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 394.75 228.75 Td (for ) Tj ET Q q 0 0 0 rg BT 408.90 228.75 Td (the ) Tj ET Q q 0 0 0 rg BT 425.28 228.75 Td (year ) Tj ET Q q 0 0 0 rg BT 447.21 228.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 477.50 228.75 Td (December ) Tj ET Q q 0 0 0 rg BT 526.11 228.75 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 216.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 97.73 216.75 Td (and ) Tj ET Q q 0 0 0 rg BT 117.90 216.75 Td (the ) Tj ET Q q 0 0 0 rg BT 135.29 216.75 Td (information ) Tj ET Q q 0 0 0 rg BT 188.25 216.75 Td (under ) Tj ET Q q 0 0 0 rg BT 217.31 216.75 Td (the ) Tj ET Q q 0 0 0 rg BT 234.70 216.75 Td (headings ) Tj ET Q q 0 0 0 rg BT 278.77 216.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 282.32 216.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 318.60 216.75 Td (T) Tj ET Q q 0 0 0 rg BT 323.79 216.75 Td (axes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.92 216.75 Td (" ) Tj ET Q q 0 0 0 rg BT 351.95 216.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.12 216.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 375.67 216.75 Td (T) Tj ET Q q 0 0 0 rg BT 380.86 216.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 394.91 216.75 Td (Pools) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.92 216.75 Td (" ) Tj ET Q q 0 0 0 rg BT 426.96 216.75 Td (in ) Tj ET Q q 0 0 0 rg BT 438.23 216.75 Td (our ) Tj ET Q q 0 0 0 rg BT 456.17 216.75 Td (MD&A) Tj ET Q q 0 0 0 rg BT 484.51 216.75 Td ( ) Tj ET Q q 0 0 0 rg BT 488.00 216.75 Td (for ) Tj ET Q q 0 0 0 rg BT 503.15 216.75 Td (the ) Tj ET Q q 0 0 0 rg BT 520.54 216.75 Td (year ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 204.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 102.59 204.75 Td (December ) Tj ET Q q 0 0 0 rg BT 151.49 204.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 168.17 204.75 Td (2018.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I16 Do Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 129.78 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 150.34 712.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 215.54 712.75 Td (Activities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.00 712.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.69 691.75 Td (following ) Tj ET Q q 0 0 0 rg BT 133.07 691.75 Td (table ) Tj ET Q q 0 0 0 rg BT 157.22 691.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 178.02 691.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 200.49 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.86 691.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 243.77 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.92 691.75 Td (net ) Tj ET Q q 0 0 0 rg BT 279.29 691.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 331.22 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 350.37 691.75 Td (development ) Tj ET Q q 0 0 0 rg BT 410.09 691.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 434.78 691.75 Td (in ) Tj ET Q q 0 0 0 rg BT 445.03 691.75 Td (which ) Tj ET Q q 0 0 0 rg BT 473.06 691.75 Td (we ) Tj ET Q q 0 0 0 rg BT 488.30 691.75 Td (participated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (during ) Tj ET Q q 0 0 0 rg BT 102.58 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 119.26 679.75 Td (year ) Tj ET Q q 0 0 0 rg BT 141.49 679.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 172.07 679.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 237.66 679.75 Td (2018.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 648.25 m 221 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 648.25 m 225 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225 648.25 m 270 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 648.25 m 319 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 648.25 m 323 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 648.25 m 368 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 648.25 m 426 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 648.25 m 430 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 648.25 m 484 648.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 636.25 m 221 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225 636.25 m 270 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 636.25 m 319 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 636.25 m 368 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 636.25 m 426 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 636.25 m 484 636.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 561.25 m 221 561.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 549.25 m 221 549.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225 561.25 m 270 561.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225 549.25 m 270 549.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 561.25 m 319 561.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 549.25 m 319 549.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 561.25 m 368 561.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 549.25 m 368 549.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 561.25 m 426 561.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 549.25 m 426 549.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 561.25 m 484 561.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 549.25 m 484 549.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.25 651.93 Td (Exploratory W) Tj ET Q q 0 0 0 rg BT 244.41 651.93 Td (ells) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.85 651.93 Td (Development W) Tj ET Q q 0 0 0 rg BT 343.79 651.93 Td (ells) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.75 651.93 Td (T) Tj ET Q q 0 0 0 rg BT 411.34 651.93 Td (otal W) Tj ET Q q 0 0 0 rg BT 434.97 651.93 Td (ells) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.90 639.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.55 639.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.40 639.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.55 639.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.90 639.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.05 639.93 Td (Net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.50 612.93 Td (Oil) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 209.75 612.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.75 612.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.45 612.93 Td (285) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.75 612.98 Td (172.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.45 612.98 Td (285) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.75 612.98 Td (172.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.50 600.93 Td (Natural ) Tj ET Q q 0 0 0 rg BT 157.51 600.93 Td (Gas) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 209.75 600.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.75 600.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.85 600.93 Td (58) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.20 600.93 Td (17.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.90 600.93 Td (58) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 600.98 Td (17.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.50 588.93 Td (Stratigraphic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.35 588.93 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.65 588.93 Td (8.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.75 588.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 588.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.30 588.93 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.65 588.93 Td (8.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.50 576.93 Td (Service) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.35 576.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.65 576.93 Td (1.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.75 576.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 576.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.30 576.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.65 576.93 Td (1.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.50 564.93 Td (Dry) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 209.75 564.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.75 564.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.35 564.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.65 564.98 Td (1.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.30 564.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.65 564.93 Td (1.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.50 552.93 Td (T) Tj ET Q q 0 0 0 rg BT 133.50 552.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.35 552.93 Td (9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.65 552.93 Td (9.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.45 552.93 Td (345) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.75 552.98 Td (190.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.45 552.98 Td (354) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.75 552.98 Td (199.6) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 528.75 Td (Production ) Tj ET Q q 0 0 0 rg BT 127.55 528.75 Td (Estimates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 507.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.46 507.75 Td (following ) Tj ET Q q 0 0 0 rg BT 134.60 507.75 Td (table ) Tj ET Q q 0 0 0 rg BT 159.51 507.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 181.08 507.75 Td (out ) Tj ET Q q 0 0 0 rg BT 198.21 507.75 Td (the ) Tj ET Q q 0 0 0 rg BT 215.33 507.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 255.80 507.75 Td (of ) Tj ET Q q 0 0 0 rg BT 267.37 507.75 Td (our ) Tj ET Q q 0 0 0 rg BT 285.05 507.75 Td (working ) Tj ET Q q 0 0 0 rg BT 322.73 507.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.75 507.75 Td (production ) Tj ET Q q 0 0 0 rg BT 408.68 507.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 455.26 507.75 Td (for ) Tj ET Q q 0 0 0 rg BT 470.16 507.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.29 507.75 Td (year ) Tj ET Q q 0 0 0 rg BT 509.97 507.75 Td (ending ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 495.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.62 495.75 Td (2019, ) Tj ET Q q 0 0 0 rg BT 165.45 495.75 Td (which ) Tj ET Q q 0 0 0 rg BT 193.83 495.75 Td (is ) Tj ET Q q 0 0 0 rg BT 203.86 495.75 Td (reflected ) Tj ET Q q 0 0 0 rg BT 245.03 495.75 Td (in ) Tj ET Q q 0 0 0 rg BT 255.62 495.75 Td (the ) Tj ET Q q 0 0 0 rg BT 272.34 495.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 312.94 495.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.09 495.75 Td (future ) Tj ET Q q 0 0 0 rg BT 352.47 495.75 Td (net ) Tj ET Q q 0 0 0 rg BT 369.19 495.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 408.13 495.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 452.64 495.75 Td (in ) Tj ET Q q 0 0 0 rg BT 463.23 495.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.94 495.75 Td (forecast ) Tj ET Q q 0 0 0 rg BT 518.32 495.75 Td (price ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 483.75 Td (tables ) Tj ET Q q 0 0 0 rg BT 101.46 483.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 147.61 483.75 Td (under ) Tj ET Q q 0 0 0 rg BT 175.96 483.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 179.51 483.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 227.87 483.75 Td (of ) Tj ET Q q 0 0 0 rg BT 238.99 483.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 284.01 483.75 Td (Data ) Tj ET Q q 0 0 0 rg BT 307.91 483.75 Td (- ) Tj ET Q q 0 0 0 rg BT 314.02 483.75 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 363.47 483.75 Td (of ) Tj ET Q q 0 0 0 rg BT 374.59 483.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 419.61 483.75 Td (Data) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.73 483.75 Td (".) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 436.25 m 208 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 436.25 m 252 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 436.25 m 306 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 436.25 m 343 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 436.25 m 389 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 436.25 m 427 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 436.25 m 471 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 436.25 m 529 436.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.20 455.93 Td (Heavy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.65 447.93 Td (Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.75 439.93 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.50 448.48 Td (Bitumen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.25 440.48 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.50 455.93 Td (Light and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.90 447.93 Td (Medium Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.25 439.93 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.25 455.93 Td (T) Tj ET Q q 0 0 0 rg BT 320.99 455.93 Td (ight ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.65 447.93 Td (Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.75 439.93 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.10 448.48 Td (NGL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.25 440.48 Td (\(bbl/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 455.93 Td (Shale ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.90 447.93 Td (Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.35 439.93 Td (\(Mcf/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.70 455.93 Td (Natural ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.90 447.93 Td (Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.35 439.93 Td (\(Mcf/d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.15 455.93 Td (Oil ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.25 447.93 Td (Equivalent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.15 439.93 Td (\(boe/d\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 84.5 426.658203125 m 119.015625 426.658203125 l s q 0 0 0 rg BT 84.50 427.93 Td (CANADA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 415.93 Td (T) Tj ET Q q 0 0 0 rg BT 88.94 415.93 Td (otal Proved) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.65 415.93 Td (21,683) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.10 415.98 Td (1,656) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.60 415.93 Td (19,791) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.80 415.98 Td (609) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.80 415.98 Td (929) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.80 415.98 Td (894) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.65 415.93 Td (37,321) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.65 415.93 Td (51,036) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 403.48 Td (T) Tj ET Q q 0 0 0 rg BT 88.94 403.48 Td (otal Proved plus) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 395.48 Td (Probable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.65 395.48 Td (23,906) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.10 395.53 Td (1,754) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.60 395.48 Td (22,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.10 395.48 Td (1,224) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.05 395.48 Td (1,157) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.05 395.48 Td (1,516) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.65 395.48 Td (40,562) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.65 395.48 Td (57,587) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 84.5 381.658203125 m 146.87109375 381.658203125 l s q 0 0 0 rg BT 84.50 382.93 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 126.43 382.93 Td (A) Tj ET Q q 0 0 0 rg BT 131.61 382.93 Td (TES) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 370.93 Td (T) Tj ET Q q 0 0 0 rg BT 88.94 370.93 Td (otal Proved) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.10 370.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.10 370.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.10 370.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.10 370.93 Td (9,312) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.65 370.93 Td (16,127) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.65 370.93 Td (32,479) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.65 370.93 Td (1) Tj ET Q q 0 0 0 rg BT 447.10 370.93 Td (1,682) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.65 370.93 Td (32,799) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 358.93 Td (T) Tj ET Q q 0 0 0 rg BT 88.94 358.93 Td (otal Proved plus) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 350.93 Td (Probable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.10 352.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.10 352.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.10 352.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.65 352.48 Td (10,383) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.65 352.48 Td (17,136) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.65 352.48 Td (34,328) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.65 352.48 Td (13,134) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.65 352.48 Td (35,429) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 84.5 338.658203125 m 110.349609375 338.658203125 l s q 0 0 0 rg BT 84.50 339.93 Td (T) Tj ET Q q 0 0 0 rg BT 89.24 339.93 Td (OT) Tj ET Q q 0 0 0 rg BT 99.76 339.93 Td (AL) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 327.93 Td (T) Tj ET Q q 0 0 0 rg BT 88.94 327.93 Td (otal Proved) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.65 327.93 Td (21,683) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.10 327.98 Td (1,656) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.60 327.93 Td (19,791) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.10 327.93 Td (9,920) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.65 327.93 Td (17,056) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.65 327.93 Td (33,373) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.65 327.93 Td (49,002) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.65 327.93 Td (83,835) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 315.48 Td (T) Tj ET Q q 0 0 0 rg BT 88.50 315.48 Td (otal Proved plus) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 84.50 307.48 Td (Probable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.65 307.48 Td (23,906) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.10 307.53 Td (1,754) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.60 307.48 Td (22,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.65 307.48 Td (1) Tj ET Q q 0 0 0 rg BT 319.10 307.48 Td (1,607) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.65 307.48 Td (18,293) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.65 307.48 Td (35,844) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.65 307.48 Td (53,696) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.65 307.48 Td (93,016) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 282.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.17 282.75 Td (two ) Tj ET Q q 0 0 0 rg BT 110.67 282.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 158.08 282.75 Td (that ) Tj ET Q q 0 0 0 rg BT 177.70 282.75 Td (account ) Tj ET Q q 0 0 0 rg BT 215.66 282.75 Td (for ) Tj ET Q q 0 0 0 rg BT 230.27 282.75 Td (20% ) Tj ET Q q 0 0 0 rg BT 253.23 282.75 Td (or ) Tj ET Q q 0 0 0 rg BT 265.06 282.75 Td (more ) Tj ET Q q 0 0 0 rg BT 290.78 282.75 Td (of ) Tj ET Q q 0 0 0 rg BT 302.06 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 318.90 282.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 365.20 282.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 390.39 282.75 Td (production ) Tj ET Q q 0 0 0 rg BT 440.02 282.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 480.20 282.75 Td (are ) Tj ET Q q 0 0 0 rg BT 497.59 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 514.44 282.75 Td (Eagle ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 270.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 94.44 270.75 Td (and ) Tj ET Q q 0 0 0 rg BT 113.00 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 128.78 270.75 Td (V) Tj ET Q q 0 0 0 rg BT 135.27 270.75 Td (iking. ) Tj ET Q q 0 0 0 rg BT 160.49 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 162.37 270.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 208.71 270.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 232.83 270.75 Td (production ) Tj ET Q q 0 0 0 rg BT 281.41 270.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 320.52 270.75 Td (for ) Tj ET Q q 0 0 0 rg BT 334.07 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 349.85 270.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 377.30 270.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 399.74 270.75 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 408.84 270.75 Td (32,799) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.43 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 441.30 270.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 468.21 270.75 Td (on ) Tj ET Q q 0 0 0 rg BT 481.21 270.75 Td (a ) Tj ET Q q 0 0 0 rg BT 488.65 270.75 Td (total ) Tj ET Q q 0 0 0 rg BT 509.42 270.75 Td (proved ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 258.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 98.26 258.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.85 258.75 Td (35,429) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 148.44 258.75 Td ( ) Tj ET Q q 0 0 0 rg BT 151.35 258.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 179.29 258.75 Td (on ) Tj ET Q q 0 0 0 rg BT 193.33 258.75 Td (a ) Tj ET Q q 0 0 0 rg BT 201.80 258.75 Td (total ) Tj ET Q q 0 0 0 rg BT 223.61 258.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 257.10 258.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 278.36 258.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 320.19 258.75 Td (basis. ) Tj ET Q q 0 0 0 rg BT 349.23 258.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 396.60 258.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 421.76 258.75 Td (production ) Tj ET Q q 0 0 0 rg BT 471.38 258.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 511.52 258.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.11 258.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 246.75 Td (V) Tj ET Q q 0 0 0 rg BT 78.49 246.75 Td (iking ) Tj ET Q q 0 0 0 rg BT 101.83 246.75 Td (is ) Tj ET Q q 0 0 0 rg BT 111.83 246.75 Td (21,371 ) Tj ET Q q 0 0 0 rg BT 145.20 246.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 173.00 246.75 Td (on ) Tj ET Q q 0 0 0 rg BT 186.90 246.75 Td (a ) Tj ET Q q 0 0 0 rg BT 195.24 246.75 Td (total ) Tj ET Q q 0 0 0 rg BT 216.92 246.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 250.28 246.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 276.40 246.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.86 246.75 Td (24,266 ) Tj ET Q q 0 0 0 rg BT 329.23 246.75 Td (boe/d ) Tj ET Q q 0 0 0 rg BT 357.03 246.75 Td (on ) Tj ET Q q 0 0 0 rg BT 370.93 246.75 Td (a ) Tj ET Q q 0 0 0 rg BT 379.27 246.75 Td (total ) Tj ET Q q 0 0 0 rg BT 400.95 246.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 434.30 246.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 455.43 246.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 497.13 246.75 Td (basis. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 225.75 Td (Production ) Tj ET Q q 0 0 0 rg BT 127.55 225.75 Td (History) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 162.00 225.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 204.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.61 204.75 Td (following ) Tj ET Q q 0 0 0 rg BT 134.90 204.75 Td (table ) Tj ET Q q 0 0 0 rg BT 159.96 204.75 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 217.23 204.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.62 204.75 Td (information ) Tj ET Q q 0 0 0 rg BT 303.46 204.75 Td (in ) Tj ET Q q 0 0 0 rg BT 314.62 204.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 350.79 204.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.51 204.75 Td (the ) Tj ET Q q 0 0 0 rg BT 379.79 204.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 432.64 204.75 Td (product ) Tj ET Q q 0 0 0 rg BT 469.37 204.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 499.42 204.75 Td (received, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 192.75 Td (royalties ) Tj ET Q q 0 0 0 rg BT 113.04 192.75 Td (paid, ) Tj ET Q q 0 0 0 rg BT 138.54 192.75 Td (production ) Tj ET Q q 0 0 0 rg BT 189.04 192.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 216.19 192.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.69 192.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 278.29 192.75 Td (netback ) Tj ET Q q 0 0 0 rg BT 317.12 192.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 368.74 192.75 Td (with ) Tj ET Q q 0 0 0 rg BT 390.33 192.75 Td (our ) Tj ET Q q 0 0 0 rg BT 408.59 192.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 450.74 192.75 Td (data ) Tj ET Q q 0 0 0 rg BT 474.02 192.75 Td (for ) Tj ET Q q 0 0 0 rg BT 489.49 192.75 Td (the ) Tj ET Q q 0 0 0 rg BT 507.20 192.75 Td (periods ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 180.75 Td (indicated ) Tj ET Q q 0 0 0 rg BT 114.81 180.75 Td (below) Tj ET Q q 0 0 0 rg BT 140.38 180.75 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 147.25 m 263.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 147.25 m 267.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 147.25 m 327.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 147.25 m 331.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 147.25 m 391.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 147.25 m 395.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 147.25 m 455.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 147.25 m 519.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 147.25 m 263.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 133.25 m 263.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 147.25 m 267.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 147.25 m 327.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 133.25 m 327.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 147.25 m 331.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 147.25 m 391.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 133.25 m 391.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 147.25 m 395.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 147.25 m 455.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 133.25 m 455.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 147.25 m 519.5 147.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 133.25 m 519.5 133.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 86.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 86.75 m BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.45 151.65 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.00 151.65 Td (Y) Tj ET Q q 0 0 0 rg BT 467.51 151.65 Td (ear Ended) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.00 137.25 Td (Dec. 31, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 280.00 137.25 Td (Sep. 30, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 344.40 137.25 Td (Jun. 30, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 408.80 137.25 Td (Mar) Tj ET Q q 0 0 0 rg BT 420.86 137.25 Td (. 31, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 472.00 137.25 Td (Dec. 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 117.20 Td (A) Tj ET Q q 0 0 0 rg BT 81.17 117.20 Td (verage Sales V) Tj ET Q q 0 0 0 rg BT 144.04 117.20 Td (olume) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 170.55 117.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 173.05 121.49 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 104.20 Td ( Heavy Oil \(bbl/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.10 104.20 Td (25,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.10 104.20 Td (26,438) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.10 104.20 Td (24,985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.10 104.20 Td (24,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.10 104.20 Td (25,254) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 91.20 Td ( Bitumen \(bbl/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.60 91.20 Td (940) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.60 91.20 Td (598) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.60 91.20 Td (559) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.60 91.20 Td (701) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.60 91.20 Td (700) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I17 Do Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 706.5 m 263.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 706.5 m 267.5 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706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 693.5 m 391.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 706.5 m 395.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 706.5 m 455.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 693.5 m 455.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 706.5 m 519.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 693.5 m 519.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 628.5 m 263.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 628.5 m 327.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 628.5 m 391.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 628.5 m 455.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 628.5 m 519.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 500.5 m 263.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 500.5 m 327.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 500.5 m 391.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 500.5 m 455.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 500.5 m 519.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 385.5 m 263.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 385.5 m 327.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 385.5 m 391.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 385.5 m 455.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 385.5 m 519.5 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 270.5 m 263.5 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 270.5 m 327.5 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 270.5 m 391.5 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 270.5 m 455.5 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 270.5 m 519.5 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 155.5 m 263.5 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 155.5 m 327.5 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 155.5 m 391.5 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 155.5 m 455.5 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 155.5 m 519.5 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 131 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 131 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 131 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 131 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 131 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 131 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 131 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 131 m BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.45 710.45 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.00 710.45 Td (Y) Tj ET Q q 0 0 0 rg BT 467.75 710.45 Td (ear Ended) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.00 697.50 Td (Dec. 31, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 280.00 697.50 Td (Sep. 30, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 342.45 697.50 Td (June 30, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 408.80 697.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 421.05 697.50 Td (. 31, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 472.00 697.50 Td (Dec. 31, 2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 684.45 Td ( Light Oil \(bbl/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.10 684.45 Td (22,978) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 684.45 Td (9,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.60 684.45 Td (792) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.60 684.45 Td (810) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 684.45 Td (8,625) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 671.45 Td ( NGL) Tj ET Q q 0 0 0 rg BT 98.34 671.45 Td ( \(bbl/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.10 671.45 Td (10,327) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.10 671.45 Td (10,076) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 671.45 Td (9,419) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 671.45 Td (9,143) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 671.45 Td (9,745) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 658.45 Td ( ) Tj ET Q q 0 0 0 rg BT 79.92 658.45 Td (T) Tj ET Q q 0 0 0 rg BT 85.17 658.45 Td (ight Oil \(bbl/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.10 658.45 Td (22,009) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.10 658.45 Td (20,068) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.10 658.45 Td (20,308) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.10 658.45 Td (20,157) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.10 658.45 Td (20,639) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 645.45 Td ( Shale Gas \(Mcf/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.10 645.45 Td (49,742) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.10 645.45 Td (50,287) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.10 645.45 Td (48,955) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.10 645.45 Td (48,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.10 645.45 Td (49,349) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 632.45 Td ( Natural Gas \(Mcf/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.10 632.45 Td (53,682) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.10 632.45 Td (43,127) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.10 632.45 Td (38,650) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.10 632.45 Td (38,873) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.10 632.45 Td (43,622) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 619.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.00 619.45 Td (otal \(boe/d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.10 619.45 Td (98,890) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.10 619.45 Td (82,412) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.10 619.45 Td (70,664) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.10 619.45 Td (69,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.10 619.45 Td (80,458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 595.45 Td (A) Tj ET Q q 0 0 0 rg BT 81.33 595.45 Td (verage Net Production Prices Received) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 582.45 Td ( Heavy Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 582.45 Td (13.67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 582.45 Td (48.15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 582.45 Td (49.77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 582.45 Td (33.41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 582.45 Td (36.33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 569.45 Td ( Bitumen \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 569.45 Td (13.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 569.45 Td (48.13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 569.45 Td (46.69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 569.45 Td (30.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 569.45 Td (31.64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 556.45 Td ( Light Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 556.45 Td (40.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 556.45 Td (76.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 556.45 Td (71.59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 556.45 Td (62.54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 556.45 Td (51.89) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 543.45 Td ( NGL) Tj ET Q q 0 0 0 rg BT 98.34 543.45 Td ( \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 543.45 Td (29.96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 543.45 Td (37.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 543.45 Td (31.37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 543.45 Td (26.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 543.45 Td (31.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 530.45 Td ( ) Tj ET Q q 0 0 0 rg BT 79.92 530.45 Td (T) Tj ET Q q 0 0 0 rg BT 85.17 530.45 Td (ight Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 530.45 Td (81.33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 530.45 Td (93.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 530.45 Td (87.34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 530.45 Td (79.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 530.45 Td (85.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 517.45 Td ( Shale Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 517.45 Td (5.35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 517.45 Td (3.90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 517.45 Td (3.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 517.45 Td (3.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 517.45 Td (4.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 504.45 Td ( Natural Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 504.45 Td (1.67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 504.45 Td (1.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 504.45 Td (1.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 504.45 Td (1.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 504.45 Td (1.48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 491.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.00 491.45 Td (otal \($/boe\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 491.45 Td (37.89) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 491.45 Td (55.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 491.45 Td (51.22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 491.45 Td (42.96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 491.45 Td (46.31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 468.45 Td (Royalties Paid) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 455.45 Td ( Heavy Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 455.45 Td (3.33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 455.45 Td (8.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 455.45 Td (7.45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 455.45 Td (4.71) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 455.45 Td (5.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 442.45 Td ( Bitumen \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 442.45 Td (3.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 442.45 Td (0.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 442.45 Td (2.34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 442.45 Td (21.59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 442.45 Td (7.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 429.45 Td ( Light Oil and NGL) Tj ET Q q 0 0 0 rg BT 151.21 429.45 Td ( \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 179.22 433.74 Td ( \(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 429.45 Td (5.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 429.45 Td (8.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 429.45 Td (7.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 429.45 Td (5.49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 429.45 Td (6.47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 416.45 Td ( ) Tj ET Q q 0 0 0 rg BT 79.92 416.45 Td (T) Tj ET Q q 0 0 0 rg BT 85.17 416.45 Td (ight Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 416.45 Td (23.95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 416.45 Td (28.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 416.45 Td (26.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 416.45 Td (23.91) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 416.45 Td (25.48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 403.45 Td ( Shale Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 403.45 Td (1.49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 403.45 Td (1.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 403.45 Td (1.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 403.45 Td (1.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 403.45 Td (1.16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 389.90 Td ( Natural Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 389.90 Td (0.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 389.90 Td (0.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 389.90 Td (0.02) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 389.90 Td (0.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 389.90 Td (0.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 376.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.00 376.45 Td (otal \($/boe\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 376.45 Td (8.77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 376.45 Td (12.13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 376.45 Td (12.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 376.45 Td (10.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 376.45 Td (10.68) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 352.45 Td (Operating Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 162.03 352.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 164.53 356.74 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 339.45 Td ( Heavy Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 339.45 Td (15.48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 339.45 Td (13.68) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 339.45 Td (15.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 339.45 Td (15.40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 339.45 Td (14.89) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 326.45 Td ( Bitumen \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 326.45 Td (24.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 326.45 Td (37.64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 326.45 Td (53.79) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 326.45 Td (34.64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 326.45 Td (35.50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 313.45 Td ( Light Oil and NGL) Tj ET Q q 0 0 0 rg BT 151.21 313.45 Td ( \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 179.22 317.74 Td ( \(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 313.45 Td (10.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 313.45 Td (9.33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 313.45 Td (8.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 313.45 Td (7.59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 313.45 Td (9.31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 300.45 Td ( ) Tj ET Q q 0 0 0 rg BT 79.92 300.45 Td (T) Tj ET Q q 0 0 0 rg BT 85.17 300.45 Td (ight Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 300.45 Td (6.69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 300.45 Td (6.85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 300.45 Td (7.05) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 300.45 Td (6.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 300.45 Td (6.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 287.45 Td ( Shale Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 287.45 Td (1.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 287.45 Td (1.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 287.45 Td (1.16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 287.45 Td (1.05) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 287.45 Td (1.1) Tj ET Q q 0 0 0 rg BT 510.61 287.45 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 274.45 Td ( Natural Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 274.45 Td (2.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 274.45 Td (1.91) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 274.45 Td (2.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 274.45 Td (2.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 274.45 Td (2.02) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 261.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.00 261.45 Td (otal \($/boe\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 261.45 Td (10.76) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 261.45 Td (10.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 261.45 Td (10.91) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 261.45 Td (10.53) Tj ET Q BT /F3 9.00 Tf ET q 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490.10 657.45 Td (\(12.63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.65 657.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 644.45 Td ( Light Oil and NGL) Tj ET Q q 0 0 0 rg BT 151.21 644.45 Td ( \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 179.22 648.74 Td ( \(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 644.45 Td (20.96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 644.45 Td (37.99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 644.45 Td (18.32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 644.45 Td (15.81) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 644.45 Td (24.52) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 631.45 Td ( ) Tj ET Q q 0 0 0 rg BT 79.92 631.45 Td (T) Tj ET Q q 0 0 0 rg BT 85.17 631.45 Td (ight Oil \($/bbl\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 631.45 Td (50.62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 631.45 Td (58.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 631.45 Td (54.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 631.45 Td (49.58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 631.45 Td (53.13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 618.45 Td ( Shale Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.10 618.45 Td (2.77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 618.45 Td (1.70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.10 618.45 Td (1.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 618.45 Td (1.66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.10 618.45 Td (1.93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 605.45 Td ( Natural Gas \($/Mcf\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.10 605.45 Td (\(0.67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.65 605.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.10 605.45 Td (\(0.99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.65 605.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.10 605.45 Td (\(1.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.65 605.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.10 605.45 Td (\(0.51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.65 605.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.10 605.45 Td (\(0.85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.65 605.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 592.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.00 592.45 Td (otal \($/boe\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 592.45 Td (17.15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 592.45 Td (31.39) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 592.45 Td (27.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 592.45 Td (20.71) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 592.45 Td (23.76) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.00 568.45 Td (Financial Derivatives loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.00 559.50 Td (\($/boe\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.10 561.90 Td (\(0.34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.65 561.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.10 561.90 Td (\(4.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.65 561.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.10 561.90 Td (\(4.57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.65 561.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.10 561.90 Td (\(1.57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.65 561.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.10 561.90 Td (\(2.49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.65 561.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 547.90 Td (Netback Received after) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 538.90 Td (hedging \($/boe\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.10 538.90 Td (16.81) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 538.90 Td (27.32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 538.90 Td (22.51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.10 538.90 Td (19.14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 538.90 Td (21.27) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 522.40 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 509.80 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 509.80 Td (Before ) Tj ET Q q 0 0 0 rg BT 133.79 509.80 Td (deduction ) Tj ET Q q 0 0 0 rg BT 170.71 509.80 Td (of ) Tj ET Q q 0 0 0 rg BT 179.61 509.80 Td (royalties.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 497.20 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 497.20 Td (All ) Tj ET Q q 0 0 0 rg BT 119.11 497.20 Td (NGL) Tj ET Q q 0 0 0 rg BT 135.27 497.20 Td ( ) Tj ET Q q 0 0 0 rg BT 137.49 497.20 Td (volumes ) Tj ET Q q 0 0 0 rg BT 169.50 497.20 Td (are ) Tj ET Q q 0 0 0 rg BT 183.29 497.20 Td (grouped ) Tj ET Q q 0 0 0 rg BT 214.87 497.20 Td (with ) Tj ET Q q 0 0 0 rg BT 231.32 497.20 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 267.79 497.20 Td (light ) Tj ET Q q 0 0 0 rg BT 284.69 497.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 294.91 497.20 Td (for ) Tj ET Q q 0 0 0 rg BT 306.47 497.20 Td (royalties ) Tj ET Q q 0 0 0 rg BT 338.48 497.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 355.83 497.20 Td (and ) Tj ET Q q 0 0 0 rg BT 371.40 497.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 406.98 497.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 443.45 497.20 Td (for ) Tj ET Q q 0 0 0 rg BT 455.01 497.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 488.81 497.20 Td (purposes.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 484.60 Td (\(3\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 484.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 145.34 484.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 181.80 484.60 Td (are ) Tj ET Q q 0 0 0 rg BT 195.57 484.60 Td (composed ) Tj ET Q q 0 0 0 rg BT 234.69 484.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.57 484.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 265.34 484.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 286.22 484.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 317.34 484.60 Td (to ) Tj ET Q q 0 0 0 rg BT 326.22 484.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 355.56 484.60 Td (both ) Tj ET Q q 0 0 0 rg BT 373.34 484.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 383.55 484.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.11 484.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 414.22 484.60 Td (wells. ) Tj ET Q q 0 0 0 rg BT 435.99 484.60 Td (A) Tj ET Q q 0 0 0 rg BT 440.89 484.60 Td ( ) Tj ET Q q 0 0 0 rg BT 443.10 484.60 Td (number ) Tj ET Q q 0 0 0 rg BT 472.43 484.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.31 484.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 528.43 484.60 Td (are ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 475.00 Td (required ) Tj ET Q q 0 0 0 rg BT 139.57 475.00 Td (to ) Tj ET Q q 0 0 0 rg BT 148.47 475.00 Td (allocate ) Tj ET Q q 0 0 0 rg BT 178.27 475.00 Td (these ) Tj ET Q q 0 0 0 rg BT 200.06 475.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 220.95 475.00 Td (between ) Tj ET Q q 0 0 0 rg BT 253.42 475.00 Td (oil, ) Tj ET Q q 0 0 0 rg BT 265.87 475.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 292.55 475.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 307.68 475.00 Td (and ) Tj ET Q q 0 0 0 rg BT 323.25 475.00 Td (NGL) Tj ET Q q 0 0 0 rg BT 339.40 475.00 Td ( ) Tj ET Q q 0 0 0 rg BT 341.62 475.00 Td (production.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 462.40 Td (\(4\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 462.40 Td (Netback ) Tj ET Q q 0 0 0 rg BT 139.57 462.40 Td (is ) Tj ET Q q 0 0 0 rg BT 147.57 462.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 185.82 462.40 Td (by ) Tj ET Q q 0 0 0 rg BT 196.49 462.40 Td (subtracting ) Tj ET Q q 0 0 0 rg BT 237.84 462.40 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 272.08 462.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 307.66 462.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 344.13 462.40 Td (and ) Tj ET Q q 0 0 0 rg BT 359.70 462.40 Td (transportation ) Tj ET Q q 0 0 0 rg BT 410.84 462.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 447.31 462.40 Td (from ) Tj ET Q q 0 0 0 rg BT 465.53 462.40 Td (revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 441.45 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 121.64 441.45 Td (Arrangements) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 189.44 441.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.21 441.45 Td (and ) Tj ET Q q 0 0 0 rg BT 212.77 441.45 Td (Forward ) Tj ET Q q 0 0 0 rg BT 255.00 441.45 Td (Contracts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 420.45 Td (In ) Tj ET Q q 0 0 0 rg BT 82.42 420.45 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 122.31 420.45 Td (we ) Tj ET Q q 0 0 0 rg BT 137.17 420.45 Td (market ) Tj ET Q q 0 0 0 rg BT 169.82 420.45 Td (our ) Tj ET Q q 0 0 0 rg BT 186.35 420.45 Td (oil ) Tj ET Q q 0 0 0 rg BT 198.44 420.45 Td (and ) Tj ET Q q 0 0 0 rg BT 217.20 420.45 Td (natural ) Tj ET Q q 0 0 0 rg BT 249.86 420.45 Td (gas ) Tj ET Q q 0 0 0 rg BT 268.06 420.45 Td (production ) Tj ET Q q 0 0 0 rg BT 316.84 420.45 Td (with ) Tj ET Q q 0 0 0 rg BT 336.71 420.45 Td (attention ) Tj ET Q q 0 0 0 rg BT 377.15 420.45 Td (to ) Tj ET Q q 0 0 0 rg BT 387.57 420.45 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 439.67 420.45 Td (value ) Tj ET Q q 0 0 0 rg BT 465.65 420.45 Td (and ) Tj ET Q q 0 0 0 rg BT 484.42 420.45 Td (counterparty ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 408.45 Td (performance. ) Tj ET Q q 0 0 0 rg BT 132.81 408.45 Td ( ) Tj ET Q q 0 0 0 rg BT 134.70 408.45 Td (W) Tj ET Q q 0 0 0 rg BT 143.95 408.45 Td (e ) Tj ET Q q 0 0 0 rg BT 151.40 408.45 Td (have ) Tj ET Q q 0 0 0 rg BT 174.98 408.45 Td (a ) Tj ET Q q 0 0 0 rg BT 182.43 408.45 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 219.90 408.45 Td (of ) Tj ET Q q 0 0 0 rg BT 230.13 408.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 255.36 408.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 297.82 408.45 Td (with ) Tj ET Q q 0 0 0 rg BT 317.49 408.45 Td (a ) Tj ET Q q 0 0 0 rg BT 324.94 408.45 Td (variety ) Tj ET Q q 0 0 0 rg BT 356.29 408.45 Td (of ) Tj ET Q q 0 0 0 rg BT 366.52 408.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 397.86 408.45 Td (mechanisms, ) Tj ET Q q 0 0 0 rg BT 458.66 408.45 Td (term ) Tj ET Q q 0 0 0 rg BT 480.55 408.45 Td (commitments ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 396.45 Td (and ) Tj ET Q q 0 0 0 rg BT 90.70 396.45 Td (customers. ) Tj ET Q q 0 0 0 rg BT 141.62 396.45 Td ( ) Tj ET Q q 0 0 0 rg BT 143.64 396.45 Td (For ) Tj ET Q q 0 0 0 rg BT 160.66 396.45 Td (our ) Tj ET Q q 0 0 0 rg BT 177.13 396.45 Td (heavy ) Tj ET Q q 0 0 0 rg BT 205.83 396.45 Td (oil ) Tj ET Q q 0 0 0 rg BT 217.86 396.45 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 259.89 396.45 Td (this ) Tj ET Q q 0 0 0 rg BT 277.47 396.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 316.18 396.45 Td (a ) Tj ET Q q 0 0 0 rg BT 323.76 396.45 Td (number ) Tj ET Q q 0 0 0 rg BT 359.68 396.45 Td (of ) Tj ET Q q 0 0 0 rg BT 370.04 396.45 Td (rail ) Tj ET Q q 0 0 0 rg BT 385.40 396.45 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 449.65 396.45 Td ( ) Tj ET Q q 0 0 0 rg BT 451.67 396.45 Td (In ) Tj ET Q q 0 0 0 rg BT 462.02 396.45 Td (the ) Tj ET Q q 0 0 0 rg BT 477.94 396.45 Td (United ) Tj ET Q q 0 0 0 rg BT 508.87 396.45 Td (States, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 384.45 Td (production ) Tj ET Q q 0 0 0 rg BT 121.48 384.45 Td (from ) Tj ET Q q 0 0 0 rg BT 144.26 384.45 Td (our ) Tj ET Q q 0 0 0 rg BT 161.49 384.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.17 384.45 Td (is ) Tj ET Q q 0 0 0 rg BT 203.17 384.45 Td (marketed ) Tj ET Q q 0 0 0 rg BT 247.63 384.45 Td (on ) Tj ET Q q 0 0 0 rg BT 261.53 384.45 Td (behalf ) Tj ET Q q 0 0 0 rg BT 291.56 384.45 Td (of ) Tj ET Q q 0 0 0 rg BT 302.67 384.45 Td (all ) Tj ET Q q 0 0 0 rg BT 315.46 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 332.14 384.45 Td (working ) Tj ET Q q 0 0 0 rg BT 369.37 384.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 404.94 384.45 Td (owners ) Tj ET Q q 0 0 0 rg BT 439.96 384.45 Td (by ) Tj ET Q q 0 0 0 rg BT 453.30 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 469.98 384.45 Td (operator) Tj ET Q q 0 0 0 rg BT 506.67 384.45 Td (. ) Tj ET Q q 0 0 0 rg BT 512.23 384.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 363.40 Td (The ) Tj ET Q q 0 0 0 rg BT 90.75 363.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 144.52 363.40 Td (also ) Tj ET Q q 0 0 0 rg BT 164.38 363.40 Td (has ) Tj ET Q q 0 0 0 rg BT 182.02 363.40 Td (a ) Tj ET Q q 0 0 0 rg BT 189.09 363.40 Td (hedging ) Tj ET Q q 0 0 0 rg BT 226.20 363.40 Td (policy ) Tj ET Q q 0 0 0 rg BT 253.29 363.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 293.72 363.40 Td (to ) Tj ET Q q 0 0 0 rg BT 303.57 363.40 Td (which ) Tj ET Q q 0 0 0 rg BT 330.66 363.40 Td (we ) Tj ET Q q 0 0 0 rg BT 344.96 363.40 Td (utilize ) Tj ET Q q 0 0 0 rg BT 372.04 363.40 Td (various ) Tj ET Q q 0 0 0 rg BT 405.79 363.40 Td (derivative ) Tj ET Q q 0 0 0 rg BT 450.11 363.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.31 363.40 Td (instruments ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 351.40 Td (and ) Tj ET Q q 0 0 0 rg BT 91.02 351.40 Td (physical ) Tj ET Q q 0 0 0 rg BT 129.49 351.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 155.18 351.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 198.09 351.40 Td (to ) Tj ET Q q 0 0 0 rg BT 208.77 351.40 Td (manage ) Tj ET Q q 0 0 0 rg BT 247.25 351.40 Td (our ) Tj ET Q q 0 0 0 rg BT 264.04 351.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 307.52 351.40 Td (to ) Tj ET Q q 0 0 0 rg BT 318.20 351.40 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 371.13 351.40 Td (in ) Tj ET Q q 0 0 0 rg BT 381.25 351.40 Td (commodity ) Tj ET Q q 0 0 0 rg BT 431.93 351.40 Td (prices, ) Tj ET Q q 0 0 0 rg BT 463.73 351.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 496.64 351.40 Td (exchange ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 339.40 Td (and ) Tj ET Q q 0 0 0 rg BT 91.07 339.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 126.25 339.40 Td (rates. ) Tj ET Q q 0 0 0 rg BT 153.64 339.40 Td (W) Tj ET Q q 0 0 0 rg BT 162.90 339.40 Td (e ) Tj ET Q q 0 0 0 rg BT 170.84 339.40 Td (also ) Tj ET Q q 0 0 0 rg BT 191.57 339.40 Td (use ) Tj ET Q q 0 0 0 rg BT 210.08 339.40 Td (derivative ) Tj ET Q q 0 0 0 rg BT 255.26 339.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 309.33 339.40 Td (in ) Tj ET Q q 0 0 0 rg BT 319.49 339.40 Td (various ) Tj ET Q q 0 0 0 rg BT 354.11 339.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 405.98 339.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 443.93 339.40 Td (to ) Tj ET Q q 0 0 0 rg BT 454.65 339.40 Td (optimize ) Tj ET Q q 0 0 0 rg BT 494.27 339.40 Td (our ) Tj ET Q q 0 0 0 rg BT 511.11 339.40 Td (supply ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 327.40 Td (or ) Tj ET Q q 0 0 0 rg BT 83.67 327.40 Td (production ) Tj ET Q q 0 0 0 rg BT 133.15 327.40 Td (chain. ) Tj ET Q q 0 0 0 rg BT 162.61 327.40 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 306.40 Td (When ) Tj ET Q q 0 0 0 rg BT 100.68 306.40 Td (marketing ) Tj ET Q q 0 0 0 rg BT 147.15 306.40 Td (and ) Tj ET Q q 0 0 0 rg BT 166.39 306.40 Td (hedging ) Tj ET Q q 0 0 0 rg BT 204.54 306.40 Td (we ) Tj ET Q q 0 0 0 rg BT 219.89 306.40 Td (engage ) Tj ET Q q 0 0 0 rg BT 255.82 306.40 Td (a ) Tj ET Q q 0 0 0 rg BT 263.94 306.40 Td (number ) Tj ET Q q 0 0 0 rg BT 300.41 306.40 Td (of ) Tj ET Q q 0 0 0 rg BT 311.31 306.40 Td (reputable ) Tj ET Q q 0 0 0 rg BT 355.56 306.40 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 421.49 306.40 Td (to ) Tj ET Q q 0 0 0 rg BT 432.39 306.40 Td (ensure ) Tj ET Q q 0 0 0 rg BT 465.53 306.40 Td (competitiveness, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 294.40 Td (while ) Tj ET Q q 0 0 0 rg BT 96.60 294.40 Td (also ) Tj ET Q q 0 0 0 rg BT 116.76 294.40 Td (managing ) Tj ET Q q 0 0 0 rg BT 162.50 294.40 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 219.90 294.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 246.17 294.40 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 291.90 294.40 Td ( ) Tj ET Q q 0 0 0 rg BT 293.71 294.40 Td (For ) Tj ET Q q 0 0 0 rg BT 310.53 294.40 Td (details ) Tj ET Q q 0 0 0 rg BT 341.25 294.40 Td (on ) Tj ET Q q 0 0 0 rg BT 354.19 294.40 Td (our ) Tj ET Q q 0 0 0 rg BT 370.46 294.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 421.19 294.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 482.45 294.40 Td (to ) Tj ET Q q 0 0 0 rg BT 492.61 294.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 509.43 294.40 Td (natural ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 282.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 90.93 282.40 Td (and ) Tj ET Q q 0 0 0 rg BT 110.43 282.40 Td (crude ) Tj ET Q q 0 0 0 rg BT 138.26 282.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 151.07 282.40 Td (which ) Tj ET Q q 0 0 0 rg BT 179.45 282.40 Td (were ) Tj ET Q q 0 0 0 rg BT 203.93 282.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 258.45 282.40 Td (at ) Tj ET Q q 0 0 0 rg BT 269.61 282.40 Td (December31,2018, ) Tj ET Q q 0 0 0 rg BT 363.03 282.40 Td (see ) Tj ET Q q 0 0 0 rg BT 381.96 282.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 405.90 282.40 Td (19 ) Tj ET Q q 0 0 0 rg BT 419.83 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 430.98 282.40 Td (our ) Tj ET Q q 0 0 0 rg BT 448.24 282.40 Td (audited ) Tj ET Q q 0 0 0 rg BT 483.86 282.40 Td (consolidated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 270.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.47 270.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 163.16 270.45 Td (for ) Tj ET Q q 0 0 0 rg BT 177.61 270.45 Td (the ) Tj ET Q q 0 0 0 rg BT 194.29 270.45 Td (year ) Tj ET Q q 0 0 0 rg BT 216.52 270.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 247.10 270.45 Td (December31,2018. ) Tj ET Q q 0 0 0 rg BT 340.49 270.45 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 361.06 270.45 Td (Risk ) Tj ET Q q 0 0 0 rg BT 383.28 270.45 Td (Factors.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I19 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 224.95 237.40 Td (ST) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 236.99 237.40 Td (A) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 243.47 237.40 Td (TEMENT OF RESER) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 338.29 237.40 Td (VES DA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 374.78 237.40 Td (T) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 380.15 237.40 Td (A) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 213.40 Td (The ) Tj ET Q q 0 0 0 rg BT 91.90 213.40 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 125.13 213.40 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 170.03 213.40 Td (Report ) Tj ET Q q 0 0 0 rg BT 202.71 213.40 Td (has ) Tj ET Q q 0 0 0 rg BT 221.50 213.40 Td (been ) Tj ET Q q 0 0 0 rg BT 246.41 213.40 Td (prepared ) Tj ET Q q 0 0 0 rg BT 289.10 213.40 Td (in ) Tj ET Q q 0 0 0 rg BT 299.55 213.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 353.92 213.40 Td (with ) Tj ET Q q 0 0 0 rg BT 374.36 213.40 Td (the ) Tj ET Q q 0 0 0 rg BT 390.93 213.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 437.51 213.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 483.54 213.40 Td (in ) Tj ET Q q 0 0 0 rg BT 493.99 213.40 Td (the ) Tj ET Q q 0 0 0 rg BT 510.56 213.40 Td (COGE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 201.40 Td (Handbook ) Tj ET Q q 0 0 0 rg BT 120.41 201.40 Td (and ) Tj ET Q q 0 0 0 rg BT 139.92 201.40 Td (the ) Tj ET Q q 0 0 0 rg BT 156.65 201.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 197.81 201.40 Td (definitions ) Tj ET Q q 0 0 0 rg BT 245.67 201.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 291.86 201.40 Td (in ) Tj ET Q q 0 0 0 rg BT 302.47 201.40 Td (NI51) Tj ET Q /GS0 gs q 5.00 0 0 10.38 326.37 199.30 cm /I20 Do Q q 0 0 0 rg BT 331.37 201.40 Td (101. ) Tj ET Q q 0 0 0 rg BT 353.65 201.40 Td ( ) Tj ET Q q 0 0 0 rg BT 356.29 201.40 Td (The ) Tj ET Q q 0 0 0 rg BT 376.35 201.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 423.08 201.40 Td (of ) Tj ET Q q 0 0 0 rg BT 434.25 201.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 475.41 201.40 Td (data ) Tj ET Q q 0 0 0 rg BT 497.70 201.40 Td (and ) Tj ET Q q 0 0 0 rg BT 517.21 201.40 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 189.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 84.21 189.40 Td (and ) Tj ET Q q 0 0 0 rg BT 103.10 189.40 Td (natural ) Tj ET Q q 0 0 0 rg BT 135.89 189.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 154.22 189.40 Td (information ) Tj ET Q q 0 0 0 rg BT 205.89 189.40 Td (set ) Tj ET Q q 0 0 0 rg BT 221.44 189.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 243.66 189.40 Td (below ) Tj ET Q q 0 0 0 rg BT 271.99 189.40 Td (is ) Tj ET Q q 0 0 0 rg BT 281.42 189.40 Td (dated ) Tj ET Q q 0 0 0 rg BT 308.65 189.40 Td (December ) Tj ET Q q 0 0 0 rg BT 356.99 189.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 373.09 189.40 Td (2018. ) Tj ET Q q 0 0 0 rg BT 400.33 189.40 Td ( ) Tj ET Q q 0 0 0 rg BT 402.39 189.40 Td (The ) Tj ET Q q 0 0 0 rg BT 421.83 189.40 Td (ef) Tj ET Q q 0 0 0 rg BT 429.99 189.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 461.09 189.40 Td (date ) Tj ET Q q 0 0 0 rg BT 482.76 189.40 Td (of ) Tj ET Q q 0 0 0 rg BT 493.31 189.40 Td (the ) Tj ET Q q 0 0 0 rg BT 509.42 189.40 Td (Baytex ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 177.40 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 117.08 177.40 Td (Report ) Tj ET Q q 0 0 0 rg BT 149.93 177.40 Td (is ) Tj ET Q q 0 0 0 rg BT 160.00 177.40 Td (December ) Tj ET Q q 0 0 0 rg BT 208.96 177.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 225.71 177.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 250.79 177.40 Td (and ) Tj ET Q q 0 0 0 rg BT 270.32 177.40 Td (the ) Tj ET Q q 0 0 0 rg BT 287.06 177.40 Td (preparation ) Tj ET Q q 0 0 0 rg BT 340.49 177.40 Td (date ) Tj ET Q q 0 0 0 rg BT 362.80 177.40 Td (of ) Tj ET Q q 0 0 0 rg BT 373.98 177.40 Td (the ) Tj ET Q q 0 0 0 rg BT 390.72 177.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 437.47 177.40 Td (is ) Tj ET Q q 0 0 0 rg BT 447.53 177.40 Td (February ) Tj ET Q q 0 0 0 rg BT 490.39 177.40 Td (12, ) Tj ET Q q 0 0 0 rg BT 507.13 177.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 532.22 177.40 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 165.40 Td (the ) Tj ET Q q 0 0 0 rg BT 88.60 165.40 Td (case ) Tj ET Q q 0 0 0 rg BT 112.42 165.40 Td (of ) Tj ET Q q 0 0 0 rg BT 123.45 165.40 Td (Sproule, ) Tj ET Q q 0 0 0 rg BT 163.40 165.40 Td (February ) Tj ET Q q 0 0 0 rg BT 206.11 165.40 Td (7, ) Tj ET Q q 0 0 0 rg BT 217.15 165.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 242.09 165.40 Td (in ) Tj ET Q q 0 0 0 rg BT 252.57 165.40 Td (the ) Tj ET Q q 0 0 0 rg BT 269.17 165.40 Td (case ) Tj ET Q q 0 0 0 rg BT 292.99 165.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.02 165.40 Td (Ryder ) Tj ET Q q 0 0 0 rg BT 333.39 165.40 Td (Scott ) Tj ET Q q 0 0 0 rg BT 358.88 165.40 Td (and ) Tj ET Q q 0 0 0 rg BT 378.26 165.40 Td (February ) Tj ET Q q 0 0 0 rg BT 420.97 165.40 Td (8, ) Tj ET Q q 0 0 0 rg BT 432.01 165.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 456.95 165.40 Td (in ) Tj ET Q q 0 0 0 rg BT 467.43 165.40 Td (the ) Tj ET Q q 0 0 0 rg BT 484.03 165.40 Td (case ) Tj ET Q q 0 0 0 rg BT 507.85 165.40 Td (of ) Tj ET Q q 0 0 0 rg BT 518.89 165.40 Td (GLJ. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 153.40 Td (The ) Tj ET Q q 0 0 0 rg BT 92.89 153.40 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 127.12 153.40 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 173.01 153.40 Td (Report ) Tj ET Q q 0 0 0 rg BT 206.68 153.40 Td (was ) Tj ET Q q 0 0 0 rg BT 228.12 153.40 Td (prepared ) Tj ET Q q 0 0 0 rg BT 271.80 153.40 Td (using ) Tj ET Q q 0 0 0 rg BT 299.37 153.40 Td (Sproule's ) Tj ET Q q 0 0 0 rg BT 344.40 153.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 410.86 153.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 436.77 153.40 Td (forecast ) Tj ET Q q 0 0 0 rg BT 475.99 153.40 Td (price ) Tj ET Q q 0 0 0 rg BT 501.32 153.40 Td (and ) Tj ET Q q 0 0 0 rg BT 521.67 153.40 Td (cost ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 141.40 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 133.69 141.40 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 120.40 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 125.91 120.40 Td (of ) Tj ET Q q 0 0 0 rg BT 138.13 120.40 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 185.39 120.40 Td (Data) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 99.40 Td (The ) Tj ET Q q 0 0 0 rg BT 91.67 99.40 Td (tables ) Tj ET Q q 0 0 0 rg BT 120.79 99.40 Td (below ) Tj ET Q q 0 0 0 rg BT 149.35 99.40 Td (are ) Tj ET Q q 0 0 0 rg BT 166.24 99.40 Td (a ) Tj ET Q q 0 0 0 rg BT 174.24 99.40 Td (combined ) Tj ET Q q 0 0 0 rg BT 220.04 99.40 Td (summary ) Tj ET Q q 0 0 0 rg BT 263.59 99.40 Td (as ) Tj ET Q q 0 0 0 rg BT 276.58 99.40 Td (at ) Tj ET Q q 0 0 0 rg BT 287.36 99.40 Td (December ) Tj ET Q q 0 0 0 rg BT 335.93 99.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 352.26 99.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 376.95 99.40 Td (of ) Tj ET Q q 0 0 0 rg BT 387.72 99.40 Td (our ) Tj ET Q q 0 0 0 rg BT 404.61 99.40 Td (proved ) Tj ET Q q 0 0 0 rg BT 437.63 99.40 Td (and ) Tj ET Q q 0 0 0 rg BT 456.75 99.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 498.10 99.40 Td (heavy ) Tj ET Q q 0 0 0 rg BT 527.22 99.40 Td (oil, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 87.40 Td (bitumen, ) Tj ET Q q 0 0 0 rg BT 113.23 87.40 Td (light ) Tj ET Q q 0 0 0 rg BT 134.45 87.40 Td (and ) Tj ET Q q 0 0 0 rg BT 154.00 87.40 Td (medium ) Tj ET Q q 0 0 0 rg BT 192.44 87.40 Td (oil, ) Tj ET Q q 0 0 0 rg BT 208.10 87.40 Td (tight ) Tj ET Q q 0 0 0 rg BT 229.87 87.40 Td (oil, ) Tj ET Q q 0 0 0 rg BT 245.53 87.40 Td (NGL, ) Tj ET Q q 0 0 0 rg BT 271.74 87.40 Td (conventional ) Tj ET Q q 0 0 0 rg BT 330.77 87.40 Td (natural ) Tj ET Q q 0 0 0 rg BT 364.22 87.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 383.21 87.40 Td (and ) Tj ET Q q 0 0 0 rg BT 402.77 87.40 Td (shale ) Tj ET Q q 0 0 0 rg BT 429.55 87.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 448.55 87.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 489.76 87.40 Td (and ) Tj ET Q q 0 0 0 rg BT 509.32 87.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.10 87.40 Td (net ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (present ) Tj ET Q q 0 0 0 rg BT 109.20 712.75 Td (value ) Tj ET Q q 0 0 0 rg BT 136.96 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 149.15 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.90 712.75 Td (future ) Tj ET Q q 0 0 0 rg BT 196.32 712.75 Td (net ) Tj ET Q q 0 0 0 rg BT 214.08 712.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 254.06 712.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 307.39 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 319.58 712.75 Td (such ) Tj ET Q q 0 0 0 rg BT 344.55 712.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 386.75 712.75 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 433.97 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 445.60 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 463.35 712.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 497.77 712.75 Td (Reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (Report. ) Tj ET Q q 0 0 0 rg BT 106.68 700.75 Td ( ) Tj ET Q q 0 0 0 rg BT 108.58 700.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 127.14 700.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 167.37 700.75 Td (are ) Tj ET Q q 0 0 0 rg BT 183.72 700.75 Td (located ) Tj ET Q q 0 0 0 rg BT 217.85 700.75 Td (in ) Tj ET Q q 0 0 0 rg BT 227.53 700.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 264.45 700.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 277.08 700.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 310.65 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 329.23 700.75 Td (Saskatchewan\) ) Tj ET Q q 0 0 0 rg BT 399.49 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 418.06 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 433.86 700.75 Td (United ) Tj ET Q q 0 0 0 rg BT 464.65 700.75 Td (States ) Tj ET Q q 0 0 0 rg BT 494.90 700.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 507.78 700.75 Td (T) Tj ET Q q 0 0 0 rg BT 512.78 700.75 Td (exas\). ) Tj ET Q q 0 0 0 rg BT 542.79 700.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (All ) Tj ET Q q 0 0 0 rg BT 87.56 679.75 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 145.37 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 157.60 679.75 Td (future ) Tj ET Q q 0 0 0 rg BT 188.71 679.75 Td (net ) Tj ET Q q 0 0 0 rg BT 206.50 679.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 247.64 679.75 Td (are ) Tj ET Q q 0 0 0 rg BT 265.44 679.75 Td (after ) Tj ET Q q 0 0 0 rg BT 289.90 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 307.69 679.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 358.25 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 370.48 679.75 Td (future ) Tj ET Q q 0 0 0 rg BT 401.59 679.75 Td (income ) Tj ET Q q 0 0 0 rg BT 439.39 679.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.63 679.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 505.00 679.75 Td (\(unless ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 120.36 667.75 Td (noted ) Tj ET Q q 0 0 0 rg BT 149.26 667.75 Td (in ) Tj ET Q q 0 0 0 rg BT 159.82 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.50 667.75 Td (tables\), ) Tj ET Q q 0 0 0 rg BT 213.19 667.75 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 258.78 667.75 Td (development ) Tj ET Q q 0 0 0 rg BT 322.14 667.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 352.72 667.75 Td (production ) Tj ET Q q 0 0 0 rg BT 406.61 667.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 434.42 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 453.88 667.75 Td (well ) Tj ET Q q 0 0 0 rg BT 474.45 667.75 Td (abandonment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 103.64 655.75 Td (but ) Tj ET Q q 0 0 0 rg BT 124.71 655.75 Td (before ) Tj ET Q q 0 0 0 rg BT 160.79 655.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 231.88 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 246.84 655.75 Td (indirect ) Tj ET Q q 0 0 0 rg BT 288.47 655.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 320.12 655.75 Td (such ) Tj ET Q q 0 0 0 rg BT 348.98 655.75 Td (as ) Tj ET Q q 0 0 0 rg BT 365.62 655.75 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 441.72 655.75 Td (overhead ) Tj ET Q q 0 0 0 rg BT 491.70 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 515.00 655.75 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 144.03 643.75 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 195.51 643.75 Td (The ) Tj ET Q q 0 0 0 rg BT 216.40 643.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 266.20 643.75 Td (future ) Tj ET Q q 0 0 0 rg BT 297.64 643.75 Td (net ) Tj ET Q q 0 0 0 rg BT 315.75 643.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 357.22 643.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 407.55 643.75 Td (in ) Tj ET Q q 0 0 0 rg BT 419.55 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 437.66 643.75 Td (following ) Tj ET Q q 0 0 0 rg BT 484.65 643.75 Td (tables ) Tj ET Q q 0 0 0 rg BT 516.67 643.75 Td (does ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (not ) Tj ET Q q 0 0 0 rg BT 89.08 631.75 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 145.09 631.75 Td (represent ) Tj ET Q q 0 0 0 rg BT 192.20 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.73 631.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 225.82 631.75 Td (market ) Tj ET Q q 0 0 0 rg BT 260.15 631.75 Td (value ) Tj ET Q q 0 0 0 rg BT 287.25 631.75 Td (of ) Tj ET Q q 0 0 0 rg BT 298.22 631.75 Td (our ) Tj ET Q q 0 0 0 rg BT 315.86 631.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 361.32 631.75 Td (There ) Tj ET Q q 0 0 0 rg BT 390.08 631.75 Td (is ) Tj ET Q q 0 0 0 rg BT 399.95 631.75 Td (no ) Tj ET Q q 0 0 0 rg BT 413.70 631.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 464.71 631.75 Td (that ) Tj ET Q q 0 0 0 rg BT 484.57 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 501.10 631.75 Td (forecast ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (price ) Tj ET Q q 0 0 0 rg BT 98.21 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 118.30 619.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 141.17 619.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 205.16 619.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 254.69 619.75 Td (in ) Tj ET Q q 0 0 0 rg BT 265.89 619.75 Td (the ) Tj ET Q q 0 0 0 rg BT 283.20 619.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 318.30 619.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 365.10 619.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 399.63 619.75 Td (will ) Tj ET Q q 0 0 0 rg BT 418.05 619.75 Td (be ) Tj ET Q q 0 0 0 rg BT 432.03 619.75 Td (attained ) Tj ET Q q 0 0 0 rg BT 472.68 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 492.76 619.75 Td (variations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (could ) Tj ET Q q 0 0 0 rg BT 101.27 607.75 Td (be ) Tj ET Q q 0 0 0 rg BT 115.55 607.75 Td (material. ) Tj ET Q q 0 0 0 rg BT 159.30 607.75 Td ( ) Tj ET Q q 0 0 0 rg BT 161.91 607.75 Td (The ) Tj ET Q q 0 0 0 rg BT 182.30 607.75 Td (tables ) Tj ET Q q 0 0 0 rg BT 213.81 607.75 Td (summarize ) Tj ET Q q 0 0 0 rg BT 268.66 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 286.27 607.75 Td (data ) Tj ET Q q 0 0 0 rg BT 309.44 607.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 359.28 607.75 Td (in ) Tj ET Q q 0 0 0 rg BT 370.78 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 388.39 607.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 423.79 607.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 470.89 607.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 505.72 607.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 528.88 607.75 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (a ) Tj ET Q q 0 0 0 rg BT 81.77 595.75 Td (result, ) Tj ET Q q 0 0 0 rg BT 115.99 595.75 Td (may ) Tj ET Q q 0 0 0 rg BT 140.22 595.75 Td (contain ) Tj ET Q q 0 0 0 rg BT 179.99 595.75 Td (slightly ) Tj ET Q q 0 0 0 rg BT 219.20 595.75 Td (different ) Tj ET Q q 0 0 0 rg BT 263.42 595.75 Td (numbers ) Tj ET Q q 0 0 0 rg BT 309.86 595.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.85 595.75 Td (columns ) Tj ET Q q 0 0 0 rg BT 377.18 595.75 Td (in ) Tj ET Q q 0 0 0 rg BT 390.28 595.75 Td (the ) Tj ET Q q 0 0 0 rg BT 409.49 595.75 Td (tables ) Tj ET Q q 0 0 0 rg BT 442.60 595.75 Td (may ) Tj ET Q q 0 0 0 rg BT 466.83 595.75 Td (not ) Tj ET Q q 0 0 0 rg BT 486.58 595.75 Td (add ) Tj ET Q q 0 0 0 rg BT 508.57 595.75 Td (due ) Tj ET Q q 0 0 0 rg BT 530.56 595.75 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (rounding. ) Tj ET Q q 0 0 0 rg BT 120.38 583.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 149.33 583.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 213.29 583.75 Td (and ) Tj ET Q q 0 0 0 rg BT 233.35 583.75 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 300.08 583.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 338.48 583.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.20 583.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 378.60 583.75 Td (and ) Tj ET Q q 0 0 0 rg BT 398.66 583.75 Td (other ) Tj ET Q q 0 0 0 rg BT 425.94 583.75 Td (matters ) Tj ET Q q 0 0 0 rg BT 464.35 583.75 Td (are ) Tj ET Q q 0 0 0 rg BT 481.64 583.75 Td (summarized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 571.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.67 571.75 Td (the ) Tj ET Q q 0 0 0 rg BT 101.44 571.75 Td (notes ) Tj ET Q q 0 0 0 rg BT 130.89 571.75 Td (to ) Tj ET Q q 0 0 0 rg BT 143.11 571.75 Td (or ) Tj ET Q q 0 0 0 rg BT 155.89 571.75 Td (following ) Tj ET Q q 0 0 0 rg BT 202.54 571.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.32 571.75 Td (tables ) Tj ET Q q 0 0 0 rg BT 252.00 571.75 Td (below) Tj ET Q q 0 0 0 rg BT 279.96 571.75 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.20 550.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 136.32 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 156.52 550.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 200.10 550.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 248.66 550.75 Td (described ) Tj ET Q q 0 0 0 rg BT 298.32 550.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 330.76 550.75 Td (are ) Tj ET Q q 0 0 0 rg BT 348.19 550.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 396.75 550.75 Td (only ) Tj ET Q q 0 0 0 rg BT 419.73 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 439.94 550.75 Td (there ) Tj ET Q q 0 0 0 rg BT 466.81 550.75 Td (is ) Tj ET Q q 0 0 0 rg BT 477.57 550.75 Td (no ) Tj ET Q q 0 0 0 rg BT 492.21 550.75 Td (guarantee ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 538.75 Td (that ) Tj ET Q q 0 0 0 rg BT 92.39 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 109.45 538.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 158.19 538.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 201.40 538.75 Td (will ) Tj ET Q q 0 0 0 rg BT 219.58 538.75 Td (be ) Tj ET Q q 0 0 0 rg BT 233.30 538.75 Td (recovered. ) Tj ET Q q 0 0 0 rg BT 285.95 538.75 Td (Readers ) Tj ET Q q 0 0 0 rg BT 327.48 538.75 Td (should ) Tj ET Q q 0 0 0 rg BT 362.31 538.75 Td (review ) Tj ET Q q 0 0 0 rg BT 395.50 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 412.56 538.75 Td (definitions ) Tj ET Q q 0 0 0 rg BT 465.17 538.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.01 538.75 Td (information ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 122.14 526.75 Td (in ) Tj ET Q q 0 0 0 rg BT 133.94 526.75 Td (") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 138.68 526.75 Td (Selected ) Tj ET Q q 0 0 0 rg BT 182.72 526.75 Td (T) Tj ET Q q 0 0 0 rg BT 188.46 526.75 Td (erms ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.28 526.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 221.52 526.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 268.91 526.75 Td (Definitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.58 526.75 Td (", ) Tj ET Q q 0 0 0 rg BT 331.01 526.75 Td (") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 335.75 526.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 341.99 526.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 389.38 526.75 Td (and ) Tj ET Q q 0 0 0 rg BT 410.07 526.75 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 451.90 526.75 Td (Categories) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.59 526.75 Td (" ) Tj ET Q q 0 0 0 rg BT 511.24 526.75 Td (and ) Tj ET Q q 0 0 0 rg BT 531.93 526.75 Td (") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 536.67 526.75 Td (- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 514.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 137.74 514.75 Td (and ) Tj ET Q q 0 0 0 rg BT 158.46 514.75 Td (Production ) Tj ET Q q 0 0 0 rg BT 214.17 514.75 Td (Status) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.73 514.75 Td (" ) Tj ET Q q 0 0 0 rg BT 252.42 514.75 Td (in ) Tj ET Q q 0 0 0 rg BT 264.25 514.75 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 323.85 514.75 Td (with ) Tj ET Q q 0 0 0 rg BT 346.79 514.75 Td (the ) Tj ET Q q 0 0 0 rg BT 364.73 514.75 Td (following ) Tj ET Q q 0 0 0 rg BT 411.55 514.75 Td (tables ) Tj ET Q q 0 0 0 rg BT 443.39 514.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.11 514.75 Td (notes. ) Tj ET Q q 0 0 0 rg BT 496.50 514.75 Td (For ) Tj ET Q q 0 0 0 rg BT 515.55 514.75 Td (more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (information ) Tj ET Q q 0 0 0 rg BT 129.77 502.75 Td (as ) Tj ET Q q 0 0 0 rg BT 143.67 502.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.89 502.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.67 502.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 199.80 502.75 Td (involved, ) Tj ET Q q 0 0 0 rg BT 245.93 502.75 Td (see ) Tj ET Q q 0 0 0 rg BT 265.39 502.75 Td (") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 270.13 502.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 294.03 502.75 Td (Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.15 502.75 Td (") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 334.90 502.75 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 436.25 m 264.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 436.25 m 310.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 436.25 m 315.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 436.25 m 356.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 436.25 m 361.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 436.25 m 402.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 436.25 m 407.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 436.25 m 448.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 436.25 m 453.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 436.25 m 494.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 436.25 m 499.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 436.25 m 540.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 436.25 m 310.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 415.25 m 310.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 436.25 m 315.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 415.25 m 315.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 436.25 m 356.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 415.25 m 356.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 436.25 m 402.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 415.25 m 402.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 436.25 m 407.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 415.25 m 407.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 436.25 m 448.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 415.25 m 448.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 436.25 m 453.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 436.25 m 494.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 415.25 m 494.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 436.25 m 499.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 415.25 m 499.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 436.25 m 540.5 436.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 415.25 m 540.5 415.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 395.25 m 310.5 395.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 395.25 m 356.5 395.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 395.25 m 402.5 395.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 395.25 m 448.5 395.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 395.25 m 494.5 395.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 395.25 m 540.5 395.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 395.25 m 310.5 395.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 344.25 m 310.5 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 344.25 m 356.5 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 344.25 m 402.5 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 344.25 m 448.5 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 344.25 m 494.5 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 344.25 m 540.5 344.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 320.25 m 310.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 320.25 m 356.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 320.25 m 402.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 320.25 m 448.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 320.25 m 494.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 320.25 m 540.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 320.25 m 310.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 308.25 m 310.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 320.25 m 356.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 308.25 m 356.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 320.25 m 402.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 308.25 m 402.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 320.25 m 448.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 308.25 m 448.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 320.25 m 494.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 308.25 m 494.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 320.25 m 540.5 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 308.25 m 540.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 278.25 m 264.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 278.25 m 310.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 278.25 m 315.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 278.25 m 356.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 278.25 m 402.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 278.25 m 407.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 278.25 m 448.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 278.25 m 494.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 278.25 m 499.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 278.25 m 540.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 278.25 m 310.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 259.25 m 310.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 278.25 m 315.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 259.25 m 315.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 278.25 m 356.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 259.25 m 356.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 278.25 m 361.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 278.25 m 402.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 259.25 m 402.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 278.25 m 407.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 259.25 m 407.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 278.25 m 448.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 259.25 m 448.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 278.25 m 453.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 278.25 m 494.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 259.25 m 494.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 278.25 m 499.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 259.25 m 499.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 278.25 m 540.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 259.25 m 540.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 239.25 m 310.5 239.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 239.25 m 356.5 239.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 239.25 m 402.5 239.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 239.25 m 448.5 239.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 259.25 m 494.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 239.25 m 494.5 239.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 259.25 m 540.5 259.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 239.25 m 540.5 239.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 239.25 m 494.5 239.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 188.25 m 310.5 188.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 188.25 m 356.5 188.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 188.25 m 402.5 188.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 188.25 m 448.5 188.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 188.25 m 494.5 188.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 188.25 m 540.5 188.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 188.25 m 540.5 188.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 164.25 m 310.5 164.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 164.25 m 356.5 164.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 164.25 m 402.5 164.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 164.25 m 494.5 164.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 164.25 m 540.5 164.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 151.25 m 310.5 151.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 151.25 m 356.5 151.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 151.25 m 402.5 151.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 164.25 m 448.5 164.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 151.25 m 448.5 151.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 151.25 m 494.5 151.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 164.25 m 540.5 164.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 151.25 m 540.5 151.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 135.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 135.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 135.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 135.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 135.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 135.75 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 135.75 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474.20 Td ( GAS RESER) Tj ET Q q 0 0 0 rg BT 397.21 474.20 Td (VES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.45 465.20 Td (AS OF DECEMBER31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.65 456.20 Td (FORECAST PRICES ) Tj ET Q q 0 0 0 rg BT 323.33 456.20 Td (AND COSTS) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 440.65 Td (CANADA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 419.48 Td (TIGHT OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 427.48 Td (LIGHT ) Tj ET Q q 0 0 0 rg BT 391.57 427.48 Td (AND MEDIUM) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.90 419.48 Td (OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.35 419.48 Td (HEA) Tj ET Q q 0 0 0 rg BT 491.94 419.48 Td (VY) Tj ET Q q 0 0 0 rg BT 502.25 419.48 Td ( OIL) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 398.208203125 m 165.021484375 398.208203125 l s q 0 0 0 rg BT 75.00 399.48 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 399.48 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 399.48 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 399.48 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.90 406.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 398.93 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.05 406.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 398.93 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.90 406.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.50 398.93 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.05 406.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 398.93 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.90 406.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 398.93 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.05 406.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.50 398.93 Td (\(Mbbl\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 383.93 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 371.93 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.30 371.98 Td (740) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.30 371.98 Td (652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.15 371.93 Td (30,987) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 371.93 Td (29,089) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 371.93 Td (24,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 371.93 Td (20,092) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 358.24 cm /I21 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.60 359.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.55 359.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.30 359.98 Td (263) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.30 359.98 Td (256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.55 359.93 Td (1,161) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.60 359.98 Td (1,006) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 347.93 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 347.98 Td (1,360) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 347.93 Td (1,191) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.15 347.93 Td (40,296) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 347.93 Td (37,584) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 347.93 Td (23,530) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 347.93 Td (20,668) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 335.93 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 335.93 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 335.93 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 335.93 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 335.98 Td (2,099) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 335.93 Td (1,843) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.15 335.93 Td (71,545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 335.93 Td (66,929) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 335.93 Td (49,613) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 335.93 Td (41,766) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 323.93 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 323.98 Td (3,254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 323.93 Td (2,730) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.15 323.93 Td (20,941) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 323.93 Td (19,352) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 323.93 Td (42,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 323.93 Td (35,726) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 311.93 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 311.93 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 311.93 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 311.93 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 311.98 Td (5,353) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 311.93 Td (4,572) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.15 311.93 Td (92,487) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 311.93 Td (86,281) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 311.93 Td (92,301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 311.93 Td (77,492) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 282.65 Td (CANADA) Tj ET Q BT 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8.00 Tf ET q 0 0 0 rg BT 323.50 242.93 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.90 250.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.60 242.93 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.05 250.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.60 242.93 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.90 250.93 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.60 242.93 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.05 250.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.60 242.93 Td (\(MMcf\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 227.93 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 215.93 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 215.98 Td (1,934) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 215.93 Td (1,478) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.55 215.93 Td (1,432) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.55 215.93 Td (1,310) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 215.93 Td (55,986) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 215.93 Td (50,308) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 202.24 cm /I22 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 203.98 Td (7,746) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 203.93 Td (7,008) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.55 203.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.55 203.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.55 203.93 Td (1,943) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.60 203.98 Td (1,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 191.93 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 191.98 Td (3,126) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 191.93 Td (2,712) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.55 191.93 Td (1,890) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.55 191.93 Td (1,724) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.15 191.93 Td (52,628) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 191.93 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0 d 0 J 0 j 3 M 361.5 682.5 m 402.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 703.5 m 407.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 682.5 m 407.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 703.5 m 448.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 682.5 m 448.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 661.5 m 310.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 661.5 m 356.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 661.5 m 402.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 661.5 m 448.5 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 606.5 m 310.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 606.5 m 356.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 606.5 m 402.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 606.5 m 448.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 580.5 m 310.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 580.5 m 356.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 580.5 m 402.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 580.5 m 448.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 567.5 m 310.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 567.5 m 356.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 567.5 m 402.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 567.5 m 448.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 537.5 m 264.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 537.5 m 310.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 537.5 m 315.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 537.5 m 356.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 537.5 m 361.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 537.5 m 402.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 537.5 m 407.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 537.5 m 448.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 537.5 m 453.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 537.5 m 494.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 537.5 m 499.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 537.5 m 540.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 516.5 m 310.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 516.5 m 315.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 516.5 m 356.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 516.5 m 402.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 516.5 m 407.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 516.5 m 448.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 516.5 m 494.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 516.5 m 499.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 516.5 m 540.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 496.5 m 310.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 496.5 m 356.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 516.5 m 402.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 496.5 m 402.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 516.5 m 407.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 516.5 m 448.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 496.5 m 448.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 496.5 m 494.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 516.5 m 499.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 516.5 m 540.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 496.5 m 540.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 444.5 m 310.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 444.5 m 356.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 444.5 m 402.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 444.5 m 448.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 444.5 m 494.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 444.5 m 540.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 420.5 m 310.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 420.5 m 356.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 420.5 m 402.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 420.5 m 448.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 420.5 m 494.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 420.5 m 540.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 420.5 m 310.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 408.5 m 310.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 420.5 m 356.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 408.5 m 356.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 420.5 m 402.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 408.5 m 402.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 420.5 m 448.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 408.5 m 448.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 420.5 m 494.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 408.5 m 494.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 420.5 m 540.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 408.5 m 540.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 379.5 m 264.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 379.5 m 310.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 379.5 m 315.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 379.5 m 356.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 379.5 m 402.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 379.5 m 407.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 379.5 m 448.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 379.5 m 264.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 358.5 m 310.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 358.5 m 315.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 358.5 m 356.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 379.5 m 361.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 358.5 m 402.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 358.5 m 407.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 358.5 m 448.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 358.5 m 310.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 338.5 m 310.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 358.5 m 315.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 358.5 m 356.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 338.5 m 356.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 338.5 m 402.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 338.5 m 448.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 288.5 m 310.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 288.5 m 356.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 288.5 m 402.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 288.5 m 448.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 264.5 m 310.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 264.5 m 356.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 264.5 m 402.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 264.5 m 448.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 264.5 m 310.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 252.5 m 310.5 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 264.5 m 356.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 252.5 m 356.5 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 264.5 m 402.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 252.5 m 402.5 252.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 264.5 m 448.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 252.5 m 448.5 252.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 707.90 Td (CANADA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.75 694.73 Td (NA) Tj ET Q q 0 0 0 rg BT 294.71 694.73 Td (TURAL) Tj ET Q q 0 0 0 rg BT 321.67 694.73 Td ( GAS ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.95 686.73 Td (LIQUIDS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 326.62 690.54 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.75 686.73 Td (T) Tj ET Q q 0 0 0 rg BT 373.56 686.73 Td (OT) Tj ET Q q 0 0 0 rg BT 384.30 686.73 Td (AL) Tj ET Q q 0 0 0 rg BT 394.60 686.73 Td ( RESER) Tj ET Q q 0 0 0 rg BT 424.24 686.73 Td (VES) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 664.458203125 m 165.021484375 664.458203125 l s q 0 0 0 rg BT 75.00 665.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 665.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 665.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 665.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.90 673.73 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 665.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.05 673.73 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 665.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.90 673.73 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.35 665.73 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.05 673.73 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.35 665.73 Td (\(Mboe\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 650.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 637.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 637.23 Td (1,401) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 637.18 Td (1,070) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.15 637.18 Td (69,553) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 637.18 Td (60,983) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 622.49 cm /I24 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.20 624.18 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.20 624.18 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.55 624.18 Td (9,497) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.55 624.18 Td (8,528) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 611.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 611.23 Td (1,628) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 611.18 Td (1,340) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.15 611.18 Td (79,026) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 611.18 Td (71,732) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 598.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 598.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 598.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 598.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 598.23 Td (3,032) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 598.18 Td (2,412) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 598.18 Td (158,075) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.70 598.18 Td (141,243) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 585.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 585.23 Td (3,848) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 585.18 Td (3,013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 585.18 Td (143,532) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.70 585.18 Td (1) Tj ET Q q 0 0 0 rg BT 420.15 585.18 Td (19,495) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 572.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 572.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 572.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 572.18 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.60 572.23 Td (6,880) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 572.18 Td (5,425) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 572.18 Td (301,607) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.70 572.18 Td (260,738) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 541.90 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 122.17 541.90 Td (A) Tj ET Q q 0 0 0 rg BT 128.00 541.90 Td (TES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 520.73 Td (TIGHT OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.15 520.73 Td (SHALE GAS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.55 528.73 Td (CONVENTIONAL) Tj ET Q q 0 0 0 rg BT 528.41 528.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.45 520.73 Td (NA) Tj ET Q q 0 0 0 rg BT 474.41 520.73 Td (TURAL) Tj ET Q q 0 0 0 rg BT 501.37 520.73 Td ( GAS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 523.15 524.54 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 499.45820312499995 m 165.021484375 499.45820312499995 l s q 0 0 0 rg BT 75.00 500.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 500.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 500.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 500.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.90 508.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 500.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.05 508.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 500.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.90 508.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.60 500.18 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.05 508.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.60 500.18 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.90 508.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.60 500.18 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.05 508.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.60 500.18 Td (\(MMcf\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 485.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 472.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.50 472.18 Td (18,348) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.50 472.18 Td (13,445) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.50 472.18 Td (66,901) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.50 472.18 Td (49,572) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.50 472.18 Td (24,993) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 472.18 Td (18,357) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 458.49 cm /I25 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.75 460.23 Td (38) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.75 460.18 Td (28) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.30 460.23 Td (566) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.30 460.23 Td (417) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.75 460.18 Td (49) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.75 460.18 Td (36) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 448.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.15 448.23 Td (32,334) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.15 448.18 Td (23,700) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.50 448.18 Td (80,367) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.50 448.18 Td (59,166) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.50 448.18 Td (32,506) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 448.18 Td (23,803) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 436.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 436.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 436.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 436.18 Td ( PROVED) Tj ET Q BT 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0 i [] 0 d 0 J 0 j 3 M 407.5 422.5 m 448.5 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 434.5 m 494.5 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 422.5 m 494.5 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 434.5 m 540.5 434.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 422.5 m 540.5 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 396.5 m 264.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 396.5 m 310.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 396.5 m 315.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 396.5 m 356.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 396.5 m 361.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 396.5 m 310.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 375.5 m 310.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 396.5 m 315.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 375.5 m 315.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 396.5 m 356.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 375.5 m 356.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 396.5 m 402.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 375.5 m 402.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 396.5 m 407.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 375.5 m 407.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 396.5 m 448.5 396.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 375.5 m 448.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 355.5 m 310.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 355.5 m 356.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 355.5 m 402.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 355.5 m 448.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 304.5 m 310.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 304.5 m 356.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 304.5 m 402.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 304.5 m 448.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 280.5 m 310.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 280.5 m 356.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 280.5 m 402.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 280.5 m 448.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 268.5 m 310.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 268.5 m 356.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 268.5 m 402.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 268.5 m 448.5 268.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 708.90 Td (T) Tj ET Q q 0 0 0 rg BT 80.42 708.90 Td (OT) Tj ET Q q 0 0 0 rg BT 92.50 708.90 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 687.73 Td (TIGHT OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 695.73 Td (LIGHT ) Tj ET Q q 0 0 0 rg BT 391.57 695.73 Td (AND MEDIUM) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.90 687.73 Td (OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.35 687.73 Td (HEA) Tj ET Q q 0 0 0 rg BT 491.94 687.73 Td (VY) Tj ET Q q 0 0 0 rg BT 502.25 687.73 Td ( OIL) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 666.458203125 m 165.021484375 666.458203125 l s q 0 0 0 rg BT 75.00 667.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 667.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 667.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 667.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.90 675.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 667.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.05 675.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 667.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.90 675.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.50 667.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.05 675.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 667.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.90 675.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 667.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.05 675.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.50 667.18 Td (\(Mbbl\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 652.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 640.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 640.23 Td (19,088) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.50 640.18 Td (14,097) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.50 640.18 Td (30,987) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.50 640.18 Td (29,089) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.50 640.18 Td (24,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 640.18 Td (20,092) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 626.49 cm /I28 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.40 628.23 Td (38) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 628.18 Td (28) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.95 628.23 Td (263) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.95 628.23 Td (256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.25 628.23 Td (1,161) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 628.23 Td (1,006) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 616.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 616.23 Td (33,693) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 616.23 Td (24,891) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.80 616.23 Td (40,296) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.80 616.23 Td (37,584) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 616.23 Td (23,530) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 616.23 Td (20,668) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 604.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 604.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 604.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 604.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 604.23 Td (52,819) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 604.23 Td (39,016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.80 604.23 Td (71,545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.80 604.23 Td (66,929) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 604.23 Td (49,613) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 604.23 Td (41,766) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 592.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 592.23 Td (21,879) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 592.23 Td (16,410) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.80 592.23 Td (20,941) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.80 592.23 Td (19,352) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 592.23 Td (42,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 592.23 Td (35,726) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 580.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 580.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 580.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 580.18 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 580.23 Td (74,698) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 580.23 Td (55,426) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.80 580.23 Td (92,487) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.80 580.23 Td (86,281) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 580.23 Td (92,301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 580.23 Td (77,492) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 554.90 Td (T) Tj ET Q q 0 0 0 rg BT 80.42 554.90 Td (OT) Tj ET Q q 0 0 0 rg BT 92.50 554.90 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 533.73 Td (BITUMEN) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.15 533.73 Td (SHALE GAS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.55 541.73 Td (CONVENTIONAL) Tj ET Q q 0 0 0 rg BT 528.41 541.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.45 533.73 Td (NA) Tj ET Q q 0 0 0 rg BT 474.41 533.73 Td (TURAL) Tj ET Q q 0 0 0 rg BT 501.37 533.73 Td ( GAS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 523.15 537.54 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 512.458203125 m 165.021484375 512.458203125 l s q 0 0 0 rg BT 75.00 513.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 513.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 513.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 513.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.90 521.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 513.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.05 521.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 513.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.90 521.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.60 513.18 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.05 521.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.60 513.18 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.90 521.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.60 513.18 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.05 521.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.60 513.18 Td (\(MMcf\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 498.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 486.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.25 486.23 Td (1,934) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.25 486.23 Td (1,478) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.80 486.23 Td (68,333) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.80 486.23 Td (50,882) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 486.23 Td (80,980) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 486.23 Td (68,665) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 472.49 cm /I29 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.25 474.23 Td (7,746) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.25 474.23 Td (7,008) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.95 474.23 Td (566) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.95 474.23 Td (417) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.25 474.23 Td (1,991) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 474.23 Td (1,569) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 462.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.25 462.23 Td (3,126) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.25 462.23 Td (2,712) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.80 462.23 Td (82,257) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.80 462.23 Td (60,890) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 462.23 Td (85,133) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 462.23 Td (71,502) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 450.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 450.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 450.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 450.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 450.23 Td (12,805) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 450.23 Td (1) Tj ET Q q 0 0 0 rg BT 333.25 450.23 Td (1,198) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.30 450.18 Td (151,156) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 450.18 Td (1) Tj ET Q q 0 0 0 rg BT 420.75 450.18 Td (12,188) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.30 450.18 Td (168,104) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.35 450.23 Td (141,736) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 438.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 438.23 Td (55,545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 438.23 Td (43,284) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.80 438.23 Td (71,550) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.80 438.23 Td (53,471) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.30 438.18 Td (122,685) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.35 438.23 Td (105,523) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 426.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 426.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 426.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 426.18 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 426.23 Td (68,350) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 426.23 Td (54,482) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.30 426.18 Td (222,706) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 426.18 Td (165,659) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.30 426.18 Td (290,789) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.35 426.23 Td (247,259) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 400.90 Td (T) Tj ET Q q 0 0 0 rg BT 80.33 400.90 Td (OT) Tj ET Q q 0 0 0 rg BT 92.17 400.90 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.75 387.73 Td (NA) Tj ET Q q 0 0 0 rg BT 294.71 387.73 Td (TURAL) Tj ET Q q 0 0 0 rg BT 321.67 387.73 Td ( GAS ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.95 379.73 Td (LIQUIDS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 326.62 383.54 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.75 379.73 Td (T) Tj ET Q q 0 0 0 rg BT 373.56 379.73 Td (OT) Tj ET Q q 0 0 0 rg BT 384.30 379.73 Td (AL) Tj ET Q q 0 0 0 rg BT 394.60 379.73 Td ( RESER) Tj ET Q q 0 0 0 rg BT 424.24 379.73 Td (VES) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 358.458203125 m 165.021484375 358.458203125 l s q 0 0 0 rg BT 75.00 359.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.42 359.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.61 359.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.76 359.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.90 367.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 359.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.05 367.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 359.18 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.90 367.18 Td (Gross) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.35 359.18 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.05 367.18 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.35 359.18 Td (\(Mboe\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 344.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 332.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 332.23 Td (32,912) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 332.23 Td (24,379) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.30 332.18 Td (134,729) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 332.18 Td (109,059) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 318.49 cm /I30 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.95 320.18 Td (217) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.95 320.23 Td (160) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.25 320.23 Td (9,851) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.25 320.23 Td (8,789) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 308.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 308.23 Td (41,484) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 308.23 Td (30,652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.30 308.18 Td (170,028) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 308.18 Td (138,572) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 296.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 296.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 296.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 296.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 296.23 Td (74,614) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 296.23 Td (55,191) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.30 296.18 Td (314,607) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 296.18 Td (256,421) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 284.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.80 284.23 Td (38,473) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 284.23 Td (28,454) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.30 284.18 Td (21) Tj ET Q q 0 0 0 rg BT 379.20 284.18 Td (1,898) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 284.18 Td (169,724) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 272.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.74 272.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.26 272.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.75 272.18 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 278.35 272.18 Td (1) Tj ET Q q 0 0 0 rg BT 282.80 272.18 Td (13,087) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 272.23 Td (83,645) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.30 272.18 Td (526,505) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 272.18 Td (426,145) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 256.40 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 243.80 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 243.80 Td (Conventional ) Tj ET Q q 0 0 0 rg BT 156.92 243.80 Td (natural ) Tj ET Q q 0 0 0 rg BT 183.61 243.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 198.73 243.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 230.30 243.80 Td (associated, ) Tj ET Q q 0 0 0 rg BT 272.99 243.80 Td (non-associated ) Tj ET Q q 0 0 0 rg BT 329.47 243.80 Td (and ) Tj ET Q q 0 0 0 rg BT 345.04 243.80 Td (solution ) Tj ET Q q 0 0 0 rg BT 374.84 243.80 Td (gas.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 231.20 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 231.20 Td (Natural ) Tj ET Q q 0 0 0 rg BT 136.01 231.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 151.13 231.20 Td (liquids ) Tj ET Q q 0 0 0 rg BT 176.04 231.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 207.61 231.20 Td (condensate.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I31 Do Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 668.5 m 226.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 668.5 m 278.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 668.5 m 283.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 668.5 m 328.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 668.5 m 333.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 668.5 m 378.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 668.5 m 383.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 668.5 m 428.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 668.5 m 432.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 668.5 m 477.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 668.5 m 540.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 648.5 m 278.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 648.5 m 328.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 648.5 m 378.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 648.5 m 428.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 648.5 m 477.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 648.5 m 540.5 648.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 593.5 m 278.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 593.5 m 328.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 593.5 m 378.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 593.5 m 428.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 593.5 m 477.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 593.5 m 540.5 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 567.5 m 278.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 567.5 m 328.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 567.5 m 378.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 567.5 m 428.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 567.5 m 477.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 567.5 m 540.5 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 554.5 m 278.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 554.5 m 328.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 554.5 m 378.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 554.5 m 428.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 554.5 m 477.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 554.5 m 540.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 520.5 m 226.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 520.5 m 278.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 520.5 m 283.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 520.5 m 328.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 520.5 m 333.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 520.5 m 378.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 520.5 m 383.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 520.5 m 428.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 520.5 m 432.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 520.5 m 477.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 520.5 m 540.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 520.5 m 278.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 500.5 m 278.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 520.5 m 328.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 500.5 m 328.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 520.5 m 378.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 500.5 m 378.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 520.5 m 428.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 500.5 m 428.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 520.5 m 477.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 500.5 m 477.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 520.5 m 540.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 500.5 m 540.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 446.5 m 278.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 446.5 m 328.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 446.5 m 378.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 446.5 m 428.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 446.5 m 477.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 446.5 m 540.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 420.5 m 278.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 420.5 m 328.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 420.5 m 378.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 420.5 m 428.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 420.5 m 477.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 420.5 m 540.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 420.5 m 278.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 407.5 m 278.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 420.5 m 328.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 407.5 m 328.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 420.5 m 378.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 407.5 m 378.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 420.5 m 428.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 407.5 m 428.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 420.5 m 477.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 407.5 m 477.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 420.5 m 540.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 407.5 m 540.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 373.5 m 226.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 373.5 m 278.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 373.5 m 283.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 373.5 m 328.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 373.5 m 333.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 373.5 m 378.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 373.5 m 383.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 373.5 m 428.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 373.5 m 432.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 373.5 m 477.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 373.5 m 540.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 373.5 m 278.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 353.5 m 278.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 373.5 m 328.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 353.5 m 328.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 373.5 m 378.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 353.5 m 378.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 373.5 m 428.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 353.5 m 428.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 373.5 m 477.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 353.5 m 477.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 373.5 m 540.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 353.5 m 540.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 298.5 m 278.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 298.5 m 328.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 298.5 m 378.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 298.5 m 428.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 298.5 m 477.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 298.5 m 540.5 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 272.5 m 278.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 272.5 m 328.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 272.5 m 378.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 272.5 m 428.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 272.5 m 477.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 272.5 m 540.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 272.5 m 278.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 259.5 m 278.5 259.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 272.5 m 328.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 259.5 m 328.5 259.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 272.5 m 378.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 259.5 m 378.5 259.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 272.5 m 428.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 259.5 m 428.5 259.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 272.5 m 477.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 259.5 m 477.5 259.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 272.5 m 540.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 259.5 m 540.5 259.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.80 710.45 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 171.96 710.45 Td (Y) Tj ET Q q 0 0 0 rg BT 177.80 710.45 Td ( OF NET PRESENT V) Tj ET Q q 0 0 0 rg BT 266.15 710.45 Td (ALUES OF FUTURE NET REVENUE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.95 701.45 Td (AS OF DECEMBER31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 204.15 692.45 Td (FORECAST PRICES ) Tj ET Q q 0 0 0 rg BT 291.83 692.45 Td (AND COSTS) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 672.90 Td (CANADA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.30 672.18 Td (BEFORE INCOME T) Tj ET Q q 0 0 0 rg BT 329.37 672.18 Td (AXES DISCOUNTED ) Tj ET Q q 0 0 0 rg BT 408.20 672.18 Td (A) Tj ET Q q 0 0 0 rg BT 413.38 672.18 Td (T \(%/year\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.75 680.18 Td (UNIT V) Tj ET Q q 0 0 0 rg BT 512.68 680.18 Td (ALUE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.00 672.18 Td (BEFORE T) Tj ET Q q 0 0 0 rg BT 525.15 672.18 Td (AX) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 651.458203125 m 165.021484375 651.458203125 l s q 0 0 0 rg BT 75.00 652.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 652.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 652.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 652.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.40 660.18 Td (0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.40 660.18 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.95 660.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.95 660.18 Td (15%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.95 660.18 Td (20%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.95 660.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.10 652.18 Td ($/boe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 637.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 624.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 624.18 Td (1,792,884) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 624.23 Td (1,544,771) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 624.18 Td (1,355,997) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 624.18 Td (1,212,741) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.40 624.18 Td (1,101,425) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 624.18 Td (22.24) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 609.49 cm /I32 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.00 611.18 Td (244,486) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.70 611.18 Td (172,472) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.05 611.18 Td (125,171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.50 611.18 Td (93,194) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.50 611.18 Td (70,965) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 611.18 Td (14.68) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 598.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 598.18 Td (1,841,321) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 598.23 Td (1,279,571) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.05 598.18 Td (907,327) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.05 598.18 Td (654,251) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.05 598.18 Td (476,320) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 598.18 Td (12.65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 585.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.60 585.18 Td (T) Tj ET Q q 0 0 0 rg BT 86.34 585.18 Td (OT) Tj ET Q q 0 0 0 rg BT 97.08 585.18 Td (AL) Tj ET Q q 0 0 0 rg BT 106.42 585.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 585.18 Td (3,878,692) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 585.23 Td (2,996,814) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 585.18 Td (2,388,494) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 585.18 Td (1,960,186) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.40 585.18 Td (1,648,709) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 585.18 Td (16.91) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 572.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 572.18 Td (3,862,671) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 572.23 Td (2,304,632) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 572.18 Td (1,538,566) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 572.18 Td (1,108,674) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.05 572.18 Td (841,887) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 572.18 Td (12.88) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 558.73 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 558.73 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 558.73 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 558.73 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 558.73 Td (7,741,363) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 558.78 Td (5,301,446) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 558.73 Td (3,927,060) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 558.73 Td (3,068,859) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.40 558.73 Td (2,490,597) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 558.73 Td (15.06) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 524.90 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 122.17 524.90 Td (A) Tj ET Q q 0 0 0 rg BT 128.00 524.90 Td (TES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.30 524.18 Td (BEFORE INCOME T) Tj ET Q q 0 0 0 rg BT 329.37 524.18 Td (AXES DISCOUNTED ) Tj ET Q q 0 0 0 rg BT 408.20 524.18 Td (A) Tj ET Q q 0 0 0 rg BT 413.38 524.18 Td (T \(%/year\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.75 532.18 Td (UNIT V) Tj ET Q q 0 0 0 rg BT 512.68 532.18 Td (ALUE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.00 524.18 Td (BEFORE T) Tj ET Q q 0 0 0 rg BT 525.15 524.18 Td (AX) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 503.458203125 m 165.021484375 503.458203125 l s q 0 0 0 rg BT 75.00 504.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 504.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 504.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 504.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.40 512.18 Td (0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.40 512.18 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.95 512.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.95 512.18 Td (15%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.95 512.18 Td (20%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.95 512.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.10 504.18 Td ($/boe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 489.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 477.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 477.18 Td (1,627,506) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 477.23 Td (1,192,348) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.05 477.18 Td (961,733) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.05 477.18 Td (820,072) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.05 477.18 Td (723,542) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 477.18 Td (20.00) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 462.49 cm /I33 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.95 464.18 Td (8,652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.60 464.23 Td (6,491) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.95 464.18 Td (5,164) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.95 464.18 Td (4,286) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.95 464.18 Td (3,667) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 464.18 Td (19.77) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 451.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 451.18 Td (1,667,167) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 451.23 Td (1,099,049) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.05 451.18 Td (759,576) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.05 451.18 Td (542,510) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.05 451.18 Td (396,760) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 451.18 Td (1) Tj ET Q q 0 0 0 rg BT 521.40 451.18 Td (1.36) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 438.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.60 438.18 Td (T) Tj ET Q q 0 0 0 rg BT 86.34 438.18 Td (OT) Tj ET Q q 0 0 0 rg BT 97.08 438.18 Td (AL) Tj ET Q q 0 0 0 rg BT 106.42 438.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 438.18 Td (3,303,324) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 438.23 Td (2,297,888) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 438.18 Td (1,726,473) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 438.18 Td (1,366,868) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.40 438.18 Td (1,123,969) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 438.18 Td (14.99) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 425.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 425.18 Td (1,750,388) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.70 425.18 Td (901,795) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.05 425.18 Td (531,484) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.05 425.18 Td (343,816) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.05 425.18 Td (238,512) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 425.18 Td (10.58) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 411.73 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 411.73 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 411.73 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 411.73 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 411.73 Td (5,053,712) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 411.78 Td (3,199,683) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 411.73 Td (2,257,957) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 411.73 Td (1,710,684) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.40 411.73 Td (1,362,481) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 411.73 Td (13.65) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 377.90 Td (T) Tj ET Q q 0 0 0 rg BT 80.33 377.90 Td (OT) Tj ET Q q 0 0 0 rg BT 92.17 377.90 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.30 377.18 Td (BEFORE INCOME T) Tj ET Q q 0 0 0 rg BT 329.37 377.18 Td (AXES DISCOUNTED ) Tj ET Q q 0 0 0 rg BT 408.20 377.18 Td (A) Tj ET Q q 0 0 0 rg BT 413.38 377.18 Td (T \(%/year\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.75 385.18 Td (UNIT V) Tj ET Q q 0 0 0 rg BT 512.38 385.18 Td (ALUE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.00 377.18 Td (BEFORE T) Tj ET Q q 0 0 0 rg BT 524.85 377.18 Td (AX) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 356.458203125 m 165.021484375 356.458203125 l s q 0 0 0 rg BT 75.00 357.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.42 357.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.61 357.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.76 357.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.40 365.18 Td (0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.40 357.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.40 365.18 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 357.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.95 365.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.40 357.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.95 365.18 Td (15%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.40 357.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.95 365.18 Td (20%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.40 357.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.95 365.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.10 357.18 Td ($/boe) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 342.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 329.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 329.18 Td (3,420,390) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 329.23 Td (2,737,1) Tj ET Q q 0 0 0 rg BT 315.74 329.23 Td (19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 329.18 Td (2,317,729) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 329.18 Td (2,032,813) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.40 329.18 Td (1,824,967) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 329.18 Td (21.25) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 314.49 cm /I34 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.00 316.18 Td (253,138) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.70 316.18 Td (178,963) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.05 316.18 Td (130,335) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.50 316.18 Td (97,480) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.50 316.18 Td (74,631) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 316.18 Td (14.83) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 303.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 303.18 Td (3,508,488) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 303.23 Td (2,378,620) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 303.18 Td (1,666,903) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.40 303.18 Td (1,196,760) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.05 303.18 Td (873,080) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 303.18 Td (12.03) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 290.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.60 290.18 Td (T) Tj ET Q q 0 0 0 rg BT 86.34 290.18 Td (OT) Tj ET Q q 0 0 0 rg BT 97.08 290.18 Td (AL) Tj ET Q q 0 0 0 rg BT 106.42 290.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.35 290.18 Td (7,182,016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.05 290.23 Td (5,294,702) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.40 290.18 Td (4,1) 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d 1 J 1 j 3 M 75 651.458203125 m 165.021484375 651.458203125 l s q 0 0 0 rg BT 75.00 652.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 652.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 652.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 652.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.40 660.18 Td (0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.40 660.18 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.95 660.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.95 660.18 Td (15%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.40 652.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.95 660.18 Td (20%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.40 652.18 Td (\($000s\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 637.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 624.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 624.18 Td (1,792,884) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 624.23 Td (1,544,771) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 624.23 Td (1,355,997) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 624.23 Td (1,212,741) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 624.23 Td (1,101,425) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 609.49 cm /I36 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.35 611.18 Td (244,486) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.30 611.18 Td (172,472) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 611.18 Td (125,171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.80 611.23 Td (93,194) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.80 611.23 Td (70,965) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 598.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 598.18 Td (1,382,055) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.30 598.18 Td (955,976) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 598.18 Td (668,621) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 598.18 Td (471,850) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.35 598.23 Td (333,045) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 585.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.60 585.18 Td (T) Tj ET Q q 0 0 0 rg BT 86.34 585.18 Td (OT) Tj ET Q q 0 0 0 rg BT 97.08 585.18 Td (AL) Tj ET Q q 0 0 0 rg BT 106.42 585.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 585.18 Td (3,419,426) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 585.23 Td (2,673,219) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 585.23 Td (2,149,789) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 585.23 Td (1,777,786) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 585.23 Td (1,505,435) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 572.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 572.18 Td (2,928,086) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 572.23 Td (1,736,475) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 572.23 Td (1,150,353) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 572.18 Td (822,1) Tj ET Q q 0 0 0 rg BT 466.32 572.18 Td (16) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.35 572.23 Td (619,172) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 559.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.81 559.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.55 559.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.89 559.18 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 559.18 Td (6,347,512) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 559.23 Td (4,409,694) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 559.23 Td (3,300,142) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 559.23 Td (2,599,902) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 559.23 Td (2,124,606) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 524.90 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 122.17 524.90 Td (A) Tj ET Q q 0 0 0 rg BT 128.00 524.90 Td (TES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.50 524.18 Td (AFTER INCOME T) Tj ET Q q 0 0 0 rg BT 371.90 524.18 Td (AXES DISCOUNTED ) Tj ET Q q 0 0 0 rg BT 450.73 524.18 Td (A) Tj ET Q q 0 0 0 rg BT 455.91 524.18 Td (T \(%/year\)) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 494.14 527.99 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 503.458203125 m 165.021484375 503.458203125 l s q 0 0 0 rg BT 75.00 504.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.49 504.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.91 504.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.91 504.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.40 512.18 Td (0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.40 512.18 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.95 512.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.95 512.18 Td (15%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.40 504.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.95 512.18 Td (20%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.40 504.18 Td (\($000s\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 489.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 476.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 476.18 Td (1,574,045) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 476.23 Td (1,171,169) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 476.18 Td (951,451) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 476.18 Td (813,939) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.35 476.23 Td (719,204) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 461.49 cm /I37 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.25 463.23 Td (8,652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.25 463.23 Td (6,491) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.25 463.23 Td (5,164) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.25 463.23 Td (4,286) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.25 463.23 Td (3,667) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 450.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 450.18 Td (1,355,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.30 450.18 Td (903,907) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 450.18 Td (630,693) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 450.18 Td (453,881) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.35 450.23 Td (333,812) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 437.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.60 437.18 Td (T) Tj ET Q q 0 0 0 rg BT 86.34 437.18 Td (OT) Tj ET Q q 0 0 0 rg BT 97.08 437.18 Td (AL) Tj ET Q q 0 0 0 rg BT 106.42 437.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 437.18 Td (2,938,090) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 437.23 Td (2,081,566) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 437.23 Td (1,587,308) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 437.23 Td (1,272,106) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 437.23 Td (1,056,683) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 424.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 424.18 Td (1,371,775) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.30 424.18 Td (706,471) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 424.18 Td (417,210) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 424.18 Td (271,308) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.35 424.23 Td (189,846) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 410.98 Td (T) Tj ET Q q 0 0 0 rg BT 79.74 410.98 Td (OT) Tj ET Q q 0 0 0 rg BT 90.26 410.98 Td (AL) Tj ET Q q 0 0 0 rg BT 99.75 410.98 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 410.73 Td (4,309,865) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 410.78 Td (2,788,037) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 410.78 Td (2,004,519) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 410.78 Td (1,543,414) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 410.78 Td (1,246,529) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 376.90 Td (T) Tj ET Q q 0 0 0 rg BT 80.33 376.90 Td (OT) Tj ET Q q 0 0 0 rg BT 92.17 376.90 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.50 376.18 Td (AFTER INCOME T) Tj ET Q q 0 0 0 rg BT 371.90 376.18 Td (AXES DISCOUNTED ) Tj ET Q q 0 0 0 rg BT 450.73 376.18 Td (A) Tj ET Q q 0 0 0 rg BT 455.91 376.18 Td (T \(%/year\)) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 494.14 379.99 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 75 355.458203125 m 165.021484375 355.458203125 l s q 0 0 0 rg BT 75.00 356.73 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.42 356.73 Td (VES CA) Tj ET Q q 0 0 0 rg BT 131.61 356.73 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 159.76 356.73 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.40 364.18 Td (0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 356.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.40 364.18 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.40 356.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.95 364.18 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.40 356.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.95 364.18 Td (15%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.40 356.18 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.95 364.18 Td (20%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.40 356.18 Td (\($000s\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 341.18 Td (PROVED:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 328.18 Td ( Developed Producing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 328.18 Td (3,366,929) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 328.23 Td (2,715,940) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 328.23 Td (2,307,447) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 328.23 Td (2,026,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 328.23 Td (1,820,629) Tj ET Q /GS0 gs q 101.84 0 0 7.51 75.00 313.49 cm /I38 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.35 315.18 Td (253,138) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.30 315.18 Td (178,963) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 315.18 Td (130,335) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.80 315.23 Td (97,480) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.80 315.23 Td (74,631) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 302.18 Td ( Undeveloped) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 302.18 Td (2,737,449) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 302.23 Td (1,859,883) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 302.23 Td (1,299,315) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 302.18 Td (925,731) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.35 302.23 Td (666,857) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 289.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.60 289.18 Td (T) Tj ET Q q 0 0 0 rg BT 86.34 289.18 Td (OT) Tj ET Q q 0 0 0 rg BT 97.08 289.18 Td (AL) Tj ET Q q 0 0 0 rg BT 106.42 289.18 Td ( PROVED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 289.18 Td (6,357,515) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 289.23 Td (4,754,786) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 289.23 Td (3,737,097) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 289.23 Td (3,049,892) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 289.23 Td (2,562,1) Tj ET Q q 0 0 0 rg BT 515.39 289.23 Td (17) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 276.18 Td (PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 276.18 Td (4,299,862) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 276.23 Td (2,442,946) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 276.23 Td (1,567,564) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 276.23 Td (1,093,425) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.35 276.23 Td (809,018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 263.18 Td (T) Tj ET Q q 0 0 0 rg BT 79.74 263.18 Td (OT) Tj ET Q q 0 0 0 rg BT 90.26 263.18 Td (AL) Tj ET Q q 0 0 0 rg BT 99.75 263.18 Td ( PROVED PLUS PROBABLE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.25 262.78 Td (10,657,377) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.70 262.78 Td (7,197,731) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.70 262.78 Td (5,304,661) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 262.78 Td (4,143,316) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.70 262.78 Td (3,371,135) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 246.40 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 233.80 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 233.80 Td (The ) Tj ET Q q 0 0 0 rg BT 123.66 233.80 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 154.87 233.80 Td (net ) Tj ET Q q 0 0 0 rg BT 167.87 233.80 Td (present ) Tj ET Q q 0 0 0 rg BT 196.42 233.80 Td (value ) Tj ET Q q 0 0 0 rg BT 217.42 233.80 Td (of ) Tj ET Q q 0 0 0 rg BT 225.96 233.80 Td (future ) Tj ET Q q 0 0 0 rg BT 248.29 233.80 Td (net ) Tj ET Q q 0 0 0 rg BT 261.29 233.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 292.07 233.80 Td (from ) Tj ET Q q 0 0 0 rg BT 309.94 233.80 Td (our ) Tj ET Q q 0 0 0 rg BT 323.37 233.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 333.25 233.80 Td (and ) Tj ET Q q 0 0 0 rg BT 348.47 233.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 363.24 233.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 400.69 233.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 428.34 233.80 Td (the ) Tj ET Q q 0 0 0 rg BT 441.34 233.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.88 233.80 Td (burden ) Tj ET Q q 0 0 0 rg BT 480.66 233.80 Td (on ) Tj ET Q q 0 0 0 rg BT 491.43 233.80 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 233.80 Td (properties ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 224.20 Td (on ) Tj ET Q q 0 0 0 rg BT 119.13 224.20 Td (a ) Tj ET Q q 0 0 0 rg BT 125.81 224.20 Td (theoretical ) Tj ET Q q 0 0 0 rg BT 164.96 224.20 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 209.00 224.20 Td (basis. ) Tj ET Q q 0 0 0 rg BT 232.13 224.20 Td (It ) Tj ET Q q 0 0 0 rg BT 241.03 224.20 Td (does ) Tj ET Q q 0 0 0 rg BT 260.61 224.20 Td (not ) Tj ET Q q 0 0 0 rg BT 273.96 224.20 Td (consider ) Tj ET Q q 0 0 0 rg BT 306.43 224.20 Td (our ) Tj ET Q q 0 0 0 rg BT 320.23 224.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 356.26 224.20 Td (structure ) Tj ET Q q 0 0 0 rg BT 389.61 224.20 Td (or ) Tj ET Q q 0 0 0 rg BT 398.96 224.20 Td (any ) Tj ET Q q 0 0 0 rg BT 414.09 224.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 426.99 224.20 Td (planning ) Tj ET Q q 0 0 0 rg BT 459.47 224.20 Td (and ) Tj ET Q q 0 0 0 rg BT 475.05 224.20 Td (therefore ) Tj ET Q q 0 0 0 rg BT 509.30 224.20 Td (does ) Tj ET Q q 0 0 0 rg BT 528.88 224.20 Td (not ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 214.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 135.59 214.60 Td (an ) Tj ET Q q 0 0 0 rg BT 145.85 214.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 177.43 214.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.46 214.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.94 214.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 237.53 214.60 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 268.23 214.60 Td (value ) Tj ET Q q 0 0 0 rg BT 288.71 214.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.73 214.60 Td (our ) Tj ET Q q 0 0 0 rg BT 309.65 214.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 355.93 214.60 Td (business ) Tj ET Q q 0 0 0 rg BT 388.86 214.60 Td (entities, ) Tj ET Q q 0 0 0 rg BT 417.78 214.60 Td (which ) Tj ET Q q 0 0 0 rg BT 439.59 214.60 Td (may ) Tj ET Q q 0 0 0 rg BT 456.06 214.60 Td (be ) Tj ET Q q 0 0 0 rg BT 466.31 214.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 509.01 214.60 Td (dif) Tj ET Q q 0 0 0 rg BT 517.32 214.60 Td (ferent.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I39 Do Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132.5 632.5 m 181.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 632.5 m 232.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 632.5 m 285.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 632.5 m 334.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 632.5 m 383.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 632.5 m 438.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 632.5 m 487.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 632.5 m 539.5 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132.5 583.5 m 181.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 583.5 m 232.5 583.5 l s 0 0 0 RG /GS0 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Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.40 587.73 Td (1,216,580) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.50 587.73 Td (61,366) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.40 587.73 Td (3,303,324) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.05 587.73 Td (365,235) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.40 587.73 Td (2,938,089) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 573.73 Td (T) Tj ET Q q 0 0 0 rg BT 78.59 573.73 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 137.95 573.73 Td (20,999,432) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 193.40 573.73 Td (4,448,795) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.40 573.73 Td (6,286,083) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.40 573.73 Td (2,665,148) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.05 573.73 Td (417,389) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.40 573.73 Td (7,182,016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.05 573.73 Td (824,501) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.40 573.73 Td (6,357,515) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 74.00 552.70 Td (T) Tj ET Q q 0 0 0 rg BT 78.15 552.70 Td (OT) Tj ET Q q 0 0 0 rg BT 87.35 552.70 Td (AL) Tj ET Q q 0 0 0 rg BT 96.56 552.70 Td ( PROVED PLUS PROBABLE RESER) Tj ET Q q 0 0 0 rg BT 215.84 552.70 Td (VES) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 537.18 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 137.95 537.18 Td (19,968,777) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 193.40 537.18 Td (2,808,571) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.40 537.18 Td (6,530,862) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.40 537.18 Td (2,459,074) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.05 537.18 Td (428,907) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.40 537.18 Td (7,741,363) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.40 537.18 Td (1,393,851) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.40 537.18 Td (6,347,512) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 524.73 Td (United States) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 137.95 524.73 Td (16,295,523) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 193.40 524.73 Td (5,052,065) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.40 524.73 Td (4,330,317) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.40 524.73 Td (1,776,209) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.50 524.73 Td (83,219) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.40 524.73 Td (5,053,712) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.05 524.73 Td (743,847) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.40 524.73 Td (4,309,865) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 510.73 Td (T) Tj ET Q q 0 0 0 rg BT 78.29 510.73 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 137.95 510.73 Td (36,264,299) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 193.40 510.73 Td (7,860,636) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.95 510.73 Td (10,861,179) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.40 510.73 Td (4,235,283) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.05 510.73 Td (512,126) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.95 510.73 Td (12,795,075) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.40 510.73 Td (2,137,698) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.95 510.73 Td (10,657,377) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 494.40 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 481.80 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 481.80 Td (Includes ) Tj ET Q q 0 0 0 rg BT 140.42 481.80 Td (well ) Tj ET Q q 0 0 0 rg BT 156.83 481.80 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 208.38 481.80 Td (and ) Tj ET Q q 0 0 0 rg BT 224.35 481.80 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 268.33 481.80 Td (based ) Tj ET Q q 0 0 0 rg BT 292.75 481.80 Td (on ) Tj ET Q q 0 0 0 rg BT 304.27 481.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 341.13 481.80 Td (by ) Tj ET Q q 0 0 0 rg BT 352.20 481.80 Td (the ) Tj ET Q q 0 0 0 rg BT 365.95 481.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 410.37 481.80 Td (for ) Tj ET Q q 0 0 0 rg BT 422.33 481.80 Td (all ) Tj ET Q q 0 0 0 rg BT 432.96 481.80 Td (reserves ) Tj ET Q q 0 0 0 rg BT 466.26 481.80 Td (wells, ) Tj ET Q q 0 0 0 rg BT 488.89 481.80 Td (producing ) Tj ET Q q 0 0 0 rg BT 526.65 481.80 Td (and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 472.20 Td (undeveloped, ) Tj ET Q q 0 0 0 rg BT 158.27 472.20 Td (but ) Tj ET Q q 0 0 0 rg BT 171.61 472.20 Td (does ) Tj ET Q q 0 0 0 rg BT 191.18 472.20 Td (not ) Tj ET Q q 0 0 0 rg BT 204.52 472.20 Td (include ) Tj ET Q q 0 0 0 rg BT 232.10 472.20 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 283.25 472.20 Td (and ) Tj ET Q q 0 0 0 rg BT 298.82 472.20 Td (surface ) Tj ET Q q 0 0 0 rg BT 327.28 472.20 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 370.85 472.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 391.75 472.20 Td (for ) Tj ET Q q 0 0 0 rg BT 403.30 472.20 Td (any ) Tj ET Q q 0 0 0 rg BT 418.43 472.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 447.77 472.20 Td (facilities.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 429.70000000000005 m 146.5 429.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 146.5 429.70000000000005 m 355.5 429.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 429.70000000000005 m 468.5 429.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 429.70000000000005 m 540.5 429.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 393.70000000000005 m 146.5 393.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 146.5 393.70000000000005 m 355.5 393.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 393.70000000000005 m 468.5 393.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 429.70000000000005 m 540.5 429.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 393.70000000000005 m 540.5 393.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 274.70000000000005 m 468.5 274.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 274.70000000000005 m 468.5 274.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 261.70000000000005 m 468.5 261.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 135.70000000000005 m 468.5 135.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 122.70000000000005 m 468.5 122.70000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.55 449.65 Td (FUTURE NET REVENUE BY) Tj ET Q q 0 0 0 rg BT 328.40 449.65 Td ( PRODUCT TYPE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.45 440.65 Td (AS OF DECEMBER31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.65 431.70 Td (FORECAST PRICES ) Tj ET Q q 0 0 0 rg BT 323.33 431.70 Td (AND COSTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 405.93 Td (RESER) Tj ET Q q 0 0 0 rg BT 102.42 405.93 Td (VES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 397.93 Td (CA) Tj ET Q q 0 0 0 rg BT 85.96 397.93 Td (TEGOR) Tj ET Q q 0 0 0 rg BT 114.11 397.93 Td (Y) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.15 397.93 Td (PRODUCT TYPE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.70 421.38 Td (FUTURE NET REVENUE ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.55 413.38 Td (BEFORE INCOME T) Tj ET Q q 0 0 0 rg BT 437.62 413.38 Td (AXES ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.35 405.38 Td (\(discounted at 10%/year\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.70 397.38 Td (\($000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.55 405.93 Td (UNIT V) Tj ET Q q 0 0 0 rg BT 515.18 405.93 Td (ALUE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.20 397.93 Td (\($/boe\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 530.65 401.74 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 379.38 Td (Proved) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 379.38 Td (Light and Medium Crude Oil \(including solution gas and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 371.38 Td (associated byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.70 371.98 Td (1,513,974) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 371.98 Td (21.14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 359.38 Td (Heavy Crude Oil \(including solution gas and associated ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 351.38 Td (byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.35 351.98 Td (573,358) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 351.98 Td (12.66) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 339.38 Td (Bitumen \(including solution gas and associated ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 331.38 Td (byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.35 331.98 Td (202,538) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 331.98 Td (18.09) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 319.38 Td (T) Tj ET Q q 0 0 0 rg BT 153.59 319.38 Td (ight Oil \(including solution gas and associated ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 311.38 Td (byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.35 311.98 Td (961,61) Tj ET Q q 0 0 0 rg BT 460.82 311.98 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 311.98 Td (17.33) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 299.38 Td (Natural Gas \(associated and non-associated\) \(including ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 291.38 Td (associated byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.75 291.93 Td (41,262) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.70 291.98 Td (4.10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 278.93 Td (Shale Gas \(including associated byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.35 278.98 Td (822,224) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 278.98 Td (13.10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.00 265.93 Td (T) Tj ET Q q 0 0 0 rg BT 153.59 265.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.70 265.98 Td (4,1) Tj ET Q q 0 0 0 rg BT 440.82 265.98 Td (14,967) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 240.38 Td (Proved plus) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 232.38 Td (Probable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 240.38 Td (Light and Medium Crude Oil \(including solution gas and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 232.38 Td (associated byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.70 232.98 Td (2,130,068) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 232.98 Td (22.92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 220.38 Td (Heavy Crude Oil \(including solution gas and associated ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 212.38 Td (byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.70 212.98 Td (1,020,362) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 212.98 Td (12.13) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 200.38 Td (Bitumen \(including solution gas and associated ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 192.38 Td (byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.35 192.98 Td (527,138) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.70 192.98 Td (9.68) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 180.38 Td (T) Tj ET Q q 0 0 0 rg BT 153.59 180.38 Td (ight Oil \(including solution gas and associated ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 172.38 Td (byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.70 172.98 Td (1,309,1) Tj ET Q q 0 0 0 rg BT 456.39 172.98 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 172.98 Td (18.02) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 160.38 Td (Natural Gas \(associated and non-associated\) \(including ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.00 152.38 Td (associated byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.35 152.98 Td (107,666) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.70 152.98 Td (5.04) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 149.00 139.93 Td (Shale Gas \(including associated byproducts\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.70 139.98 Td (1,090,669) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 139.98 Td (1) Tj ET Q q 0 0 0 rg BT 521.70 139.98 Td (1.76) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.00 126.93 Td (T) Tj ET Q q 0 0 0 rg BT 153.29 126.93 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.70 126.98 Td (6,185,017) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 110.60 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 98.00 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 98.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 124.45 98.00 Td (values ) Tj ET Q q 0 0 0 rg BT 149.80 98.00 Td (are ) Tj ET Q q 0 0 0 rg BT 163.58 98.00 Td (based ) Tj ET Q q 0 0 0 rg BT 187.60 98.00 Td (on ) Tj ET Q q 0 0 0 rg BT 198.72 98.00 Td (net ) Tj ET Q q 0 0 0 rg BT 212.07 98.00 Td (reserves ) Tj ET Q q 0 0 0 rg BT 244.96 98.00 Td (volumes.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I40 Do Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (23) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 108.30 712.75 Td (Assumptions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.38 691.75 Td (forecast ) Tj ET Q q 0 0 0 rg BT 131.10 691.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 152.58 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 172.42 691.75 Td (price ) Tj ET Q q 0 0 0 rg BT 197.24 691.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 256.52 691.75 Td (include ) Tj ET Q q 0 0 0 rg BT 291.36 691.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 337.31 691.75 Td (in ) Tj ET Q q 0 0 0 rg BT 348.24 691.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 378.07 691.75 Td (wellhead ) Tj ET Q q 0 0 0 rg BT 420.69 691.75 Td (selling ) Tj ET Q q 0 0 0 rg BT 452.19 691.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 482.01 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 501.84 691.75 Td (take ) Tj ET Q q 0 0 0 rg BT 523.89 691.75 Td (into ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (account ) Tj ET Q q 0 0 0 rg BT 109.25 679.75 Td (inflation ) Tj ET Q q 0 0 0 rg BT 145.95 679.75 Td (with ) Tj ET Q q 0 0 0 rg BT 165.96 679.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 200.98 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 211.55 679.75 Td (future ) Tj ET Q q 0 0 0 rg BT 239.35 679.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 283.28 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 302.20 679.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 333.33 679.75 Td (costs. ) Tj ET Q q 0 0 0 rg BT 361.68 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 363.76 679.75 Td (The ) Tj ET Q q 0 0 0 rg BT 383.22 679.75 Td (reference ) Tj ET Q q 0 0 0 rg BT 427.70 679.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 459.38 679.75 Td (used ) Tj ET Q q 0 0 0 rg BT 483.30 679.75 Td (in ) Tj ET Q q 0 0 0 rg BT 493.31 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 509.44 679.75 Td (Baytex ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 117.01 667.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 149.81 667.75 Td (is ) Tj ET Q q 0 0 0 rg BT 159.81 667.75 Td (as ) Tj ET Q q 0 0 0 rg BT 173.15 667.75 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109.5 605.25 m 163.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 605.25 m 167.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 605.25 m 207.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 605.25 m 211.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 605.25 m 259.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 605.25 m 263.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 605.25 m 310.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 605.25 m 354.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 605.25 m 358.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 605.25 m 397.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77.5 552.25 m 105.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109.5 552.25 m 163.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 552.25 m 207.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 552.25 m 259.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 552.25 m 310.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 605.25 m 354.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 552.25 m 354.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 605.25 m 397.5 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 552.25 m 397.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 552.25 m 446.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 552.25 m 491.5 552.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 552.25 m 540.5 552.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 191.00 634.95 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 231.16 634.95 Td (Y) Tj ET Q q 0 0 0 rg BT 237.00 634.95 Td ( OF PRICING ) Tj ET Q q 0 0 0 rg BT 294.17 634.95 Td (AND INFLA) Tj ET Q q 0 0 0 rg BT 342.00 634.95 Td (TION RA) Tj ET Q q 0 0 0 rg BT 378.33 634.95 Td (TE ) Tj ET Q q 0 0 0 rg BT 391.99 634.95 Td (ASSUMPTIONS ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 190.70 625.95 Td (FORECAST PRICES ) Tj ET Q q 0 0 0 rg BT 278.38 625.95 Td (AND COSTS ) Tj ET Q q 0 0 0 rg BT 333.54 625.95 Td (AS ) Tj ET Q q 0 0 0 rg BT 348.21 625.95 Td (A) Tj ET Q q 0 0 0 rg BT 354.04 625.95 Td (T DECEMBER31, 2018) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 451.08 630.24 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 80.00 556.65 Td (Y) Tj ET Q q 0 0 0 rg BT 85.51 556.65 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.15 608.93 Td (Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.00 608.48 Td (Natural Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.60 589.48 Td (Operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.60 581.48 Td (Cost ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.90 573.48 Td (Inflation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.65 565.48 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 428.99 569.29 Td (\(8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.90 556.48 Td (\(%/Yr\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.15 589.48 Td (Capital ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.60 581.48 Td (Cost ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.90 573.48 Td (Inflation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.65 565.48 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 475.99 569.29 Td (\(8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.90 556.48 Td (\(%/Yr\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.60 581.48 Td (Exchange ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.65 573.48 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 522.99 577.29 Td (\(9\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.25 564.48 Td (\($US/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.15 556.48 Td ($Cdn\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 128.65 580.48 Td (WTI ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 120.00 572.48 Td (Cushing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 113.45 564.48 Td (Oklahoma) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 152.13 568.29 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.40 556.48 Td (\($US/bbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.40 589.48 Td (LLS ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 170.55 581.48 Td (Onshore ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 170.10 573.48 Td (40 ) Tj ET Q q 0 0 0 rg BT 184.12 573.48 Td (API) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 197.46 577.29 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.75 564.48 Td (\($US/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.65 556.48 Td (bbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.55 596.93 Td (Canada ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.20 588.93 Td (Light ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.40 580.93 Td (Sweet ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.25 572.93 Td (Crude 40 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.15 564.93 Td (API) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 238.49 568.74 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.20 555.93 Td (\($Cdn/bbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.75 589.48 Td (W) Tj ET Q q 0 0 0 rg BT 278.16 589.48 Td (estern ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.45 581.48 Td (Canadian ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.70 573.48 Td (Select) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.30 564.48 Td (20.5) Tj ET Q q 0 0 0 rg BT 287.00 564.48 Td (API) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 300.33 568.29 Td (\(5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.70 556.48 Td (\($Cdn/bbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.65 581.48 Td (Henry ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 573.48 Td (Hub) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 338.55 577.29 Td (\(6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.75 564.48 Td (\($US/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 556.48 Td (MMbtu\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.70 581.48 Td (AECO-C) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 393.25 585.29 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.40 573.48 Td (Spot) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 383.17 577.29 Td (\(7\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.05 564.48 Td (\($Cdn/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.25 556.48 Td (MMbtu\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 538.93 Td (Historical) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 526.93 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 526.93 Td (93.00) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 526.93 Td (96.75) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 526.93 Td (93.99) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 526.93 Td (81.06) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 526.93 Td (4.28) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 526.93 Td (4.50) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 526.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.25 526.93 Td (\(1.0\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 526.93 Td (0.905) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 514.93 Td (2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 514.93 Td (48.80) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 514.93 Td (52.38) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 514.93 Td (57.45) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 514.93 Td (44.83) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 514.93 Td (2.63) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 514.93 Td (2.70) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 514.93 Td (1.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.05 514.93 Td (\(18.7\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 514.93 Td (0.783) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 502.93 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 502.93 Td (43.32) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 502.93 Td (44.88) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 502.93 Td (52.80) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 502.93 Td (38.89) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 502.93 Td (2.55) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 502.93 Td (2.18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 502.93 Td (1.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.25 502.93 Td (\(9.7\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 502.93 Td (0.755) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 490.93 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 490.93 Td (50.95) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 490.93 Td (54.13) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 490.93 Td (61.84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 490.93 Td (50.24) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 490.93 Td (3.02) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 490.93 Td (2.19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 490.93 Td (1.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 490.93 Td (2.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 490.93 Td (0.771) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 478.93 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 478.93 Td (64.77) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 478.93 Td (69.81) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 478.93 Td (68.49) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 478.93 Td (52.34) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 478.93 Td (3.07) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 478.93 Td (1.53) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 478.93 Td (2.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 478.93 Td (4.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 478.93 Td (0.772) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 462.93 Td (Forecast) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 111.12 466.74 Td (\(10\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 450.93 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 450.93 Td (63.00) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 450.93 Td (68.40) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 450.93 Td (75.27) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 450.93 Td (59.47) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 450.93 Td (3.00) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 450.93 Td (1.95) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.50 450.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.50 450.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 450.93 Td (0.770) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 438.93 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 438.93 Td (67.00) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 438.93 Td (70.37) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 438.93 Td (77.89) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 438.93 Td (62.31) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 438.93 Td (3.25) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 438.93 Td (2.44) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 438.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 438.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 438.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 426.93 Td (2021) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 426.93 Td (70.00) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 426.93 Td (71.34) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 426.93 Td (82.25) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 426.93 Td (67.45) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 426.93 Td (3.50) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 426.93 Td (3.00) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 426.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 426.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 426.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 414.93 Td (2022) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 414.93 Td (71.40) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 414.93 Td (72.76) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 414.93 Td (84.79) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 414.93 Td (69.53) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 414.93 Td (3.57) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 414.93 Td (3.21) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 414.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 414.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 414.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 402.93 Td (2023) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 402.93 Td (72.83) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 402.93 Td (74.22) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 402.93 Td (87.39) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 402.93 Td (71.66) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 402.93 Td (3.64) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 402.93 Td (3.30) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 402.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 402.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 402.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 390.93 Td (2024) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 390.93 Td (74.28) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 390.93 Td (75.70) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 390.93 Td (89.14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 390.93 Td (73.10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 390.93 Td (3.71) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 390.93 Td (3.39) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 390.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 390.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 390.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 378.93 Td (2025) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 378.93 Td (75.77) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 378.93 Td (77.22) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 378.93 Td (90.92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 378.93 Td (74.56) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 378.93 Td (3.79) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 378.93 Td (3.49) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 378.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 378.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 378.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 366.93 Td (2026) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 366.93 Td (77.29) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 366.93 Td (78.76) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 366.93 Td (92.74) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 366.93 Td (76.05) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 366.93 Td (3.86) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 366.93 Td (3.58) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 366.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 366.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 366.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 354.93 Td (2027) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 354.93 Td (78.83) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 354.93 Td (80.34) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 354.93 Td (94.60) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 354.93 Td (77.57) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 354.93 Td (3.94) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 354.93 Td (3.68) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 354.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 354.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 354.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 342.93 Td (2028) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 342.93 Td (80.41) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 342.93 Td (81.94) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 342.93 Td (96.49) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 342.93 Td (79.12) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 342.93 Td (4.02) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 342.93 Td (3.78) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 342.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 342.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 342.93 Td (0.800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 330.93 Td (2029) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 125.95 330.93 Td (82.02) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 176.95 330.93 Td (83.58) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 330.93 Td (98.42) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.45 330.93 Td (80.70) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.20 330.93 Td (4.10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 330.93 Td (3.88) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.90 330.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 330.93 Td (2.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.45 330.93 Td (0.800) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 315.15 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 302.55 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 302.55 Td (Each ) Tj ET Q q 0 0 0 rg BT 127.95 302.55 Td (price ) Tj ET Q q 0 0 0 rg BT 147.01 302.55 Td (from ) Tj ET Q q 0 0 0 rg BT 164.73 302.55 Td (the ) Tj ET Q q 0 0 0 rg BT 177.58 302.55 Td (Sproule ) Tj ET Q q 0 0 0 rg BT 206.87 302.55 Td (forecast ) Tj ET Q q 0 0 0 rg BT 237.05 302.55 Td (was ) Tj ET Q q 0 0 0 rg BT 252.99 302.55 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 284.96 302.55 Td (for ) Tj ET Q q 0 0 0 rg BT 296.02 302.55 Td (quality ) Tj ET Q q 0 0 0 rg BT 320.86 302.55 Td (dif) Tj ET Q q 0 0 0 rg BT 329.17 302.55 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 363.35 302.55 Td (and ) Tj ET Q q 0 0 0 rg BT 378.42 302.55 Td (transportation ) Tj ET Q q 0 0 0 rg BT 429.05 302.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 449.45 302.55 Td (applicable ) Tj ET Q q 0 0 0 rg BT 487.19 302.55 Td (to ) Tj ET Q q 0 0 0 rg BT 495.59 302.55 Td (the ) Tj ET Q q 0 0 0 rg BT 508.43 302.55 Td (specified ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 292.95 Td (product ) Tj ET Q q 0 0 0 rg BT 136.91 292.95 Td (and ) Tj ET Q q 0 0 0 rg BT 152.48 292.95 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 191.17 292.95 Td (area.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 280.35 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 280.35 Td (Price ) Tj ET Q q 0 0 0 rg BT 128.45 280.35 Td (used ) Tj ET Q q 0 0 0 rg BT 148.02 280.35 Td (in ) Tj ET Q q 0 0 0 rg BT 156.47 280.35 Td (the ) Tj ET Q q 0 0 0 rg BT 169.81 280.35 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.51 280.35 Td (of ) Tj ET Q q 0 0 0 rg BT 221.40 280.35 Td (natural ) Tj ET Q q 0 0 0 rg BT 248.09 280.35 Td (gas ) Tj ET Q q 0 0 0 rg BT 263.21 280.35 Td (liquids ) Tj ET Q q 0 0 0 rg BT 288.11 280.35 Td (reserves ) Tj ET Q q 0 0 0 rg BT 321.01 280.35 Td (in ) Tj ET Q q 0 0 0 rg BT 329.46 280.35 Td (the ) Tj ET Q q 0 0 0 rg BT 342.80 280.35 Td (United ) Tj ET Q q 0 0 0 rg BT 368.15 280.35 Td (States.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 267.75 Td (\(3\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 267.75 Td (Price ) Tj ET Q q 0 0 0 rg BT 128.45 267.75 Td (used ) Tj ET Q q 0 0 0 rg BT 148.02 267.75 Td (in ) Tj ET Q q 0 0 0 rg BT 156.47 267.75 Td (the ) Tj ET Q q 0 0 0 rg BT 169.81 267.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.51 267.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.40 267.75 Td (tight ) Tj ET Q q 0 0 0 rg BT 238.75 267.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 248.97 267.75 Td (and ) Tj ET Q q 0 0 0 rg BT 264.54 267.75 Td (condensate ) Tj ET Q q 0 0 0 rg BT 308.13 267.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 341.03 267.75 Td (in ) Tj ET Q q 0 0 0 rg BT 349.48 267.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.82 267.75 Td (United ) Tj ET Q q 0 0 0 rg BT 388.17 267.75 Td (States.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 255.15 Td (\(4\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 255.15 Td (Price ) Tj ET Q q 0 0 0 rg BT 128.45 255.15 Td (used ) Tj ET Q q 0 0 0 rg BT 148.02 255.15 Td (in ) Tj ET Q q 0 0 0 rg BT 156.47 255.15 Td (the ) Tj ET Q q 0 0 0 rg BT 169.81 255.15 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.51 255.15 Td (of ) Tj ET Q q 0 0 0 rg BT 221.40 255.15 Td (light ) Tj ET Q q 0 0 0 rg BT 238.30 255.15 Td (and ) Tj ET Q q 0 0 0 rg BT 253.87 255.15 Td (medium ) Tj ET Q q 0 0 0 rg BT 284.55 255.15 Td (crude ) Tj ET Q q 0 0 0 rg BT 306.78 255.15 Td (oil ) Tj ET Q q 0 0 0 rg BT 317.01 255.15 Td (and ) Tj ET Q q 0 0 0 rg BT 332.58 255.15 Td (natural ) Tj ET Q q 0 0 0 rg BT 359.26 255.15 Td (gas ) Tj ET Q q 0 0 0 rg BT 374.38 255.15 Td (liquids ) Tj ET Q q 0 0 0 rg BT 399.29 255.15 Td (reserves ) Tj ET Q q 0 0 0 rg BT 432.18 255.15 Td (in ) Tj ET Q q 0 0 0 rg BT 440.63 255.15 Td (Canada.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 242.55 Td (\(5\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 242.55 Td (Price ) Tj ET Q q 0 0 0 rg BT 128.45 242.55 Td (used ) Tj ET Q q 0 0 0 rg BT 148.02 242.55 Td (in ) Tj ET Q q 0 0 0 rg BT 156.47 242.55 Td (the ) Tj ET Q q 0 0 0 rg BT 169.81 242.55 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.51 242.55 Td (of ) Tj ET Q q 0 0 0 rg BT 221.40 242.55 Td (heavy ) Tj ET Q q 0 0 0 rg BT 244.97 242.55 Td (oil ) Tj ET Q q 0 0 0 rg BT 255.20 242.55 Td (and ) Tj ET Q q 0 0 0 rg BT 270.77 242.55 Td (bitumen ) Tj ET Q q 0 0 0 rg BT 301.45 242.55 Td (reserves ) Tj ET Q q 0 0 0 rg BT 334.35 242.55 Td (in ) Tj ET Q q 0 0 0 rg BT 342.80 242.55 Td (Canada.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 229.95 Td (\(6\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 229.95 Td (Price ) Tj ET Q q 0 0 0 rg BT 128.45 229.95 Td (used ) Tj ET Q q 0 0 0 rg BT 148.02 229.95 Td (in ) Tj ET Q q 0 0 0 rg BT 156.47 229.95 Td (the ) Tj ET Q q 0 0 0 rg BT 169.81 229.95 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.51 229.95 Td (of ) Tj ET Q q 0 0 0 rg BT 221.40 229.95 Td (shale ) Tj ET Q q 0 0 0 rg BT 242.75 229.95 Td (gas ) Tj ET Q q 0 0 0 rg BT 257.87 229.95 Td (reserves ) Tj ET Q q 0 0 0 rg BT 290.77 229.95 Td (in ) Tj ET Q q 0 0 0 rg BT 299.22 229.95 Td (the ) Tj ET Q q 0 0 0 rg BT 312.56 229.95 Td (United ) Tj ET Q q 0 0 0 rg BT 337.91 229.95 Td (States.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 217.35 Td (\(7\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 217.35 Td (Price ) Tj ET Q q 0 0 0 rg BT 128.45 217.35 Td (used ) Tj ET Q q 0 0 0 rg BT 148.02 217.35 Td (in ) Tj ET Q q 0 0 0 rg BT 156.47 217.35 Td (the ) Tj ET Q q 0 0 0 rg BT 169.81 217.35 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.51 217.35 Td (of ) Tj ET Q q 0 0 0 rg BT 221.40 217.35 Td (natural ) Tj ET Q q 0 0 0 rg BT 248.09 217.35 Td (gas ) Tj ET Q q 0 0 0 rg BT 263.21 217.35 Td (reserves ) Tj ET Q q 0 0 0 rg BT 296.11 217.35 Td (in ) Tj ET Q q 0 0 0 rg BT 304.55 217.35 Td (Canada.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 204.75 Td (\(8\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 204.75 Td (Inflation ) Tj ET Q q 0 0 0 rg BT 138.24 204.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 158.25 204.75 Td (for ) Tj ET Q q 0 0 0 rg BT 169.81 204.75 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 211.16 204.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 234.73 204.75 Td (and ) Tj ET Q q 0 0 0 rg BT 250.30 204.75 Td (costs.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 192.15 Td (\(9\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 192.15 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 145.80 192.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 161.81 192.15 Td (used ) Tj ET Q q 0 0 0 rg BT 181.38 192.15 Td (to ) Tj ET Q q 0 0 0 rg BT 190.28 192.15 Td (generate ) Tj ET Q q 0 0 0 rg BT 224.08 192.15 Td (the ) Tj ET Q q 0 0 0 rg BT 237.43 192.15 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 279.22 192.15 Td (reference ) Tj ET Q q 0 0 0 rg BT 315.24 192.15 Td (prices ) Tj ET Q q 0 0 0 rg BT 338.80 192.15 Td (in ) Tj ET Q q 0 0 0 rg BT 347.25 192.15 Td (this ) Tj ET Q q 0 0 0 rg BT 361.93 192.15 Td (table.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 179.55 Td (\(10\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 179.55 Td (After ) Tj ET Q q 0 0 0 rg BT 127.12 179.55 Td (2029 ) Tj ET Q q 0 0 0 rg BT 147.14 179.55 Td (prices ) Tj ET Q q 0 0 0 rg BT 170.70 179.55 Td (and ) Tj ET Q q 0 0 0 rg BT 186.27 179.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.16 179.55 Td (escalate ) Tj ET Q q 0 0 0 rg BT 239.18 179.55 Td (at ) Tj ET Q q 0 0 0 rg BT 248.08 179.55 Td (2.0% ) Tj ET Q q 0 0 0 rg BT 268.54 179.55 Td (annually ) Tj ET Q q 0 0 0 rg BT 300.56 179.55 Td (and ) Tj ET Q q 0 0 0 rg BT 316.13 179.55 Td (the ) Tj ET Q q 0 0 0 rg BT 329.47 179.55 Td (exchange ) Tj ET Q q 0 0 0 rg BT 366.39 179.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 382.40 179.55 Td (remains ) Tj ET Q q 0 0 0 rg BT 413.07 179.55 Td (0.800.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 154.95 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 154.95 Td (eighted ) Tj ET Q q 0 0 0 rg BT 116.07 154.95 Td (average ) Tj ET Q q 0 0 0 rg BT 154.22 154.95 Td (prices ) Tj ET Q q 0 0 0 rg BT 182.91 154.95 Td (realized ) Tj ET Q q 0 0 0 rg BT 219.93 154.95 Td (by ) Tj ET Q q 0 0 0 rg BT 232.51 154.95 Td (us ) Tj ET Q q 0 0 0 rg BT 245.08 154.95 Td (for ) Tj ET Q q 0 0 0 rg BT 258.76 154.95 Td (the ) Tj ET Q q 0 0 0 rg BT 274.67 154.95 Td (year ) Tj ET Q q 0 0 0 rg BT 296.13 154.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 325.95 154.95 Td (December ) Tj ET Q q 0 0 0 rg BT 374.08 154.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 389.99 154.95 Td (2018, ) Tj ET Q q 0 0 0 rg BT 417.03 154.95 Td (excluding ) Tj ET Q q 0 0 0 rg BT 461.29 154.95 Td (hedging ) Tj ET Q q 0 0 0 rg BT 498.89 154.95 Td (activities, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 142.95 Td (were ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.10 142.95 Td ($36.33) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.69 142.95 Td (/bbl ) Tj ET Q q 0 0 0 rg BT 145.24 142.95 Td (for ) Tj ET Q q 0 0 0 rg BT 159.33 142.95 Td (heavy ) Tj ET Q q 0 0 0 rg BT 188.44 142.95 Td (oil, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 203.65 142.95 Td ($31.64) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 234.24 142.95 Td (/bbl ) Tj ET Q q 0 0 0 rg BT 252.79 142.95 Td (for ) Tj ET Q q 0 0 0 rg BT 266.88 142.95 Td (bitumen, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 307.66 142.95 Td ($51.89) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.25 142.95 Td (/bbl ) Tj ET Q q 0 0 0 rg BT 356.80 142.95 Td (for ) Tj ET Q q 0 0 0 rg BT 370.89 142.95 Td (light ) Tj ET Q q 0 0 0 rg BT 391.66 142.95 Td (oil, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.87 142.95 Td ($85.36) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.46 142.95 Td (/bbl ) Tj ET Q q 0 0 0 rg BT 456.01 142.95 Td (for ) Tj ET Q q 0 0 0 rg BT 470.10 142.95 Td (tight ) Tj ET Q q 0 0 0 rg BT 491.43 142.95 Td (oil, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.64 142.95 Td ($31.36) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 537.22 142.95 Td (/) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 130.95 Td (bbl ) Tj ET Q q 0 0 0 rg BT 88.12 130.95 Td (for ) Tj ET Q q 0 0 0 rg BT 102.57 130.95 Td (NGL, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 128.69 130.95 Td ($4.20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.71 130.95 Td (/Mcf ) Tj ET Q q 0 0 0 rg BT 175.38 130.95 Td (for ) Tj ET Q q 0 0 0 rg BT 189.83 130.95 Td (shale ) Tj ET Q q 0 0 0 rg BT 216.51 130.95 Td (gas ) Tj ET Q q 0 0 0 rg BT 235.41 130.95 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.88 130.95 Td ($1.48) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.90 130.95 Td (/Mcf ) Tj ET Q q 0 0 0 rg BT 301.57 130.95 Td (for ) Tj ET Q q 0 0 0 rg BT 316.01 130.95 Td (natural ) Tj ET Q q 0 0 0 rg BT 349.37 130.95 Td (gas.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I41 Do Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (24) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 641.5 m 204.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 641.5 m 260.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 641.5 m 265.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 641.5 m 316.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 641.5 m 321.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 641.5 m 372.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 641.5 m 428.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 641.5 m 433.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 641.5 m 484.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 641.5 m 489.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 641.5 m 540.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 641.5 m 260.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 604.5 m 260.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 641.5 m 316.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 604.5 m 316.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 641.5 m 372.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 604.5 m 372.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 641.5 m 428.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 604.5 m 428.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 641.5 m 484.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 604.5 m 484.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 641.5 m 489.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 641.5 m 540.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 604.5 m 540.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 604.5 m 260.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 604.5 m 316.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 604.5 m 372.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 604.5 m 428.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 604.5 m 484.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 604.5 m 540.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 483.5 m 260.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 483.5 m 316.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 483.5 m 372.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 483.5 m 428.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 483.5 m 484.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 483.5 m 540.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 471.5 m 260.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 471.5 m 316.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 471.5 m 372.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 471.5 m 428.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 471.5 m 484.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 471.5 m 540.5 471.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.05 710.45 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 315.72 710.45 Td (TION OF) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.05 697.45 Td (GROSS RESER) Tj ET Q q 0 0 0 rg BT 329.98 697.45 Td (VES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 238.20 684.45 Td (BY) Tj ET Q q 0 0 0 rg BT 250.62 684.45 Td ( PRINCIP) Tj ET Q q 0 0 0 rg BT 289.21 684.45 Td (AL) Tj ET Q q 0 0 0 rg BT 300.79 684.45 Td ( PRODUCT TYPE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.65 671.45 Td (FORECAST PRICES ) Tj ET Q q 0 0 0 rg BT 323.33 671.45 Td (AND COSTS) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 644.45 Td (CANADA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.35 645.18 Td (HEA) Tj ET Q q 0 0 0 rg BT 285.94 645.18 Td (VY) Tj ET Q q 0 0 0 rg BT 296.25 645.18 Td ( OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 645.18 Td (BITUMEN) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.85 616.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.00 608.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.75 616.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.00 608.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.85 632.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.10 624.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.75 616.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.00 608.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.85 616.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 608.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 616.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.00 608.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.85 632.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.10 624.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.75 616.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.00 608.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 596.18 Td (December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 232.75 596.18 Td (46,706) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.80 596.23 Td (39,757) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.80 596.23 Td (86,463) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 596.23 Td (13,266) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.80 596.23 Td (55,726) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 596.23 Td (68,992) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 583.18 Td (Extensions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.25 583.23 Td (1,282) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.95 583.18 Td (690) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 583.23 Td (1,972) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 583.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 583.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.25 583.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 571.18 Td (Infill Drilling) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.25 571.23 Td (1,346) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.95 571.18 Td (905) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 571.23 Td (2,251) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 571.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 571.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.25 571.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 559.18 Td (Improved Recovery) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.25 559.23 Td (1,952) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.25 559.23 Td (4,621) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 559.23 Td (6,574) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 559.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 559.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.25 559.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 547.18 Td (T) Tj ET Q q 0 0 0 rg BT 91.00 547.18 Td (echnical Revisions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 157.25 550.99 Td ( \(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.25 547.23 Td (4,315) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.60 547.18 Td (\(4,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.30 547.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.25 547.23 Td (\(607) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 547.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.25 547.23 Td (\(205) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.30 547.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.25 547.23 Td (\(178) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 547.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.25 547.23 Td (\(382) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 547.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 535.18 Td (Discoveries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 252.85 535.18 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 308.85 535.18 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.80 535.18 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 535.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 535.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.25 535.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 523.18 Td (Acquisitions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 129.69 526.99 Td ( \(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.25 523.23 Td (3,080) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.25 523.23 Td (1,522) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 523.23 Td (4,602) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 523.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 523.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.25 523.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 511.18 Td (Dispositions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 250.10 511.18 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.30 511.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.15 511.23 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.30 511.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.15 511.18 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 511.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 511.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 511.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.25 511.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 499.18 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 243.95 499.18 Td (149) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.95 499.18 Td (1) Tj ET Q q 0 0 0 rg BT 304.40 499.18 Td (14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.95 499.23 Td (262) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 499.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.15 499.18 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 499.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.15 499.18 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 499.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 487.18 Td (Production) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.60 487.18 Td (\(9,218) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.30 487.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.25 487.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.55 487.18 Td (\(9,218) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 487.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.25 487.23 Td (\(256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.30 487.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 487.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.25 487.23 Td (\(256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 487.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 475.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 232.75 475.18 Td (49,613) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.80 475.23 Td (42,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.80 475.23 Td (92,301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 475.23 Td (12,805) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.80 475.23 Td (55,545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 475.23 Td (68,350) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 437.5 m 203.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 437.5 m 259.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 437.5 m 264.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 437.5 m 315.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 437.5 m 320.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 437.5 m 371.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 437.5 m 427.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 437.5 m 432.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 437.5 m 483.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 437.5 m 488.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 437.5 m 539.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 437.5 m 427.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 400.5 m 427.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 437.5 m 432.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 437.5 m 483.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 400.5 m 483.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 437.5 m 488.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 437.5 m 539.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 400.5 m 539.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 400.5 m 259.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 400.5 m 315.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 400.5 m 371.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 400.5 m 483.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 400.5 m 488.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 400.5 m 539.5 400.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 279.5 m 259.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 279.5 m 315.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 279.5 m 371.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 279.5 m 427.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 279.5 m 483.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 279.5 m 539.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 267.5 m 259.5 267.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 267.5 m 315.5 267.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 267.5 m 371.5 267.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 267.5 m 427.5 267.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 267.5 m 483.5 267.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 267.5 m 539.5 267.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 440.45 Td (CANADA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.80 441.18 Td (LIGHT ) Tj ET Q q 0 0 0 rg BT 268.87 441.18 Td (AND MEDIUM OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.75 441.18 Td (TIGHT OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 412.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.00 404.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.75 412.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.00 404.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.85 428.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 420.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.75 412.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 404.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.85 412.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 404.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 412.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 404.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.85 428.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.10 420.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.75 412.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.00 404.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 392.18 Td (December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 392.23 Td (1,608) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 392.23 Td (1,225) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 392.23 Td (2,833) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 392.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 392.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 392.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 379.18 Td (Extensions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 127.36 382.99 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 379.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 379.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 379.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 379.23 Td (1,515) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.25 379.23 Td (2,645) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 379.23 Td (4,160) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 367.18 Td (Infill Drilling ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 129.12 370.99 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 367.18 Td (10,823) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 367.23 Td (2,856) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 367.23 Td (13,679) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 367.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 367.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 367.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 355.18 Td (Improved Recovery) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 355.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 355.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 355.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 355.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 355.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 355.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 343.18 Td (T) Tj ET Q q 0 0 0 rg BT 90.00 343.18 Td (echnical Revisions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 158.48 346.99 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.95 343.18 Td (273) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 343.23 Td (\(381) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.30 343.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.25 343.23 Td (\(109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 343.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 343.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 343.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 343.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 331.18 Td (Discoveries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 331.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 331.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 331.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.40 331.18 Td (65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.40 331.18 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.40 331.18 Td (80) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 319.18 Td (Acquisitions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 128.69 322.99 Td ( \(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 319.18 Td (61,992) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 319.23 Td (17,234) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 319.23 Td (79,226) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.95 319.23 Td (625) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.95 319.23 Td (594) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 319.23 Td (1,219) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 307.18 Td (Dispositions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 307.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 307.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 307.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 307.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 307.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 307.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 295.18 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.35 295.18 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.85 295.18 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.40 295.18 Td (23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 295.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 295.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 295.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 283.18 Td (Production) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.60 283.18 Td (\(3,165) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 283.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 283.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.55 283.18 Td (\(3,165) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 283.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.25 283.23 Td (\(106) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 283.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 283.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.25 283.23 Td (\(106) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 283.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 271.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 271.18 Td (71,545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 271.23 Td (20,941) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 271.23 Td (92,487) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 271.23 Td (2,099) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.25 271.23 Td (3,254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 271.23 Td (5,353) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I42 Do Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (25) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 707.5 m 203.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 707.5 m 259.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 707.5 m 264.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 707.5 m 315.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 707.5 m 320.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 707.5 m 371.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 707.5 m 427.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 707.5 m 432.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 707.5 m 483.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 707.5 m 488.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 707.5 m 539.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 670.5 m 259.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 670.5 m 315.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 670.5 m 371.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 707.5 m 427.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 670.5 m 427.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 707.5 m 432.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 707.5 m 483.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 670.5 m 483.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 707.5 m 488.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 707.5 m 539.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 670.5 m 539.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 670.5 m 259.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 549.5 m 259.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 549.5 m 315.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 549.5 m 371.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 549.5 m 427.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 549.5 m 483.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 549.5 m 539.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 537.5 m 259.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 537.5 m 315.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 537.5 m 371.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 537.5 m 427.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 537.5 m 483.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 537.5 m 539.5 537.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 710.45 Td (CANADA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.10 711.18 Td (NA) Tj ET Q q 0 0 0 rg BT 250.06 711.18 Td (TURAL) Tj ET Q q 0 0 0 rg BT 277.02 711.18 Td ( GAS LIQUIDS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 333.47 714.99 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.15 711.18 Td (SHALE GAS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 682.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.20 674.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.75 682.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.20 674.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.85 698.73 Td (Proved ) Tj ET Q BT 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0 rg BT 128.69 592.99 Td ( \(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.95 589.18 Td (349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.95 589.18 Td (256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.95 589.23 Td (605) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.95 589.23 Td (790) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.95 589.23 Td (809) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 589.23 Td (1,599) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 577.18 Td (Dispositions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 565.18 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 244.70 565.18 Td (\(96) Tj ET Q BT /F3 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/F3 8.00 Tf ET q 0 0 0 rg BT 472.25 553.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.25 553.23 Td (\(123) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 553.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 541.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 541.23 Td (3,032) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 541.23 Td (3,848) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 541.23 Td (6,880) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 541.23 Td (3,321) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.25 541.23 Td (5,506) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 541.23 Td (8,828) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 501.1 m 203.5 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 501.1 m 259.5 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 501.1 m 264.5 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 501.1 m 315.5 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 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223.40 504.78 Td (CONVENTIONAL) Tj ET Q q 0 0 0 rg BT 287.26 504.78 Td ( NA) Tj ET Q q 0 0 0 rg BT 300.44 504.78 Td (TURAL) Tj ET Q q 0 0 0 rg BT 327.40 504.78 Td ( GAS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 349.18 508.59 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.30 504.78 Td (OIL) Tj ET Q q 0 0 0 rg BT 437.49 504.78 Td ( EQUIV) Tj ET Q q 0 0 0 rg BT 464.01 504.78 Td (ALENT) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 476.33 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.00 468.33 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.75 476.33 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.00 468.33 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.85 492.33 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 484.33 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.75 476.33 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 468.33 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.85 476.33 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.75 468.33 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 476.33 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 468.33 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.85 492.33 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.10 484.33 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.75 476.33 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.75 468.33 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 455.78 Td (December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.35 455.78 Td (1) Tj ET Q q 0 0 0 rg BT 231.80 455.78 Td (17,819) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 455.83 Td (89,963) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.30 455.78 Td (207,782) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 455.83 Td (83,834) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.30 455.78 Td (1) Tj ET Q q 0 0 0 rg BT 455.75 455.78 Td (14,834) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 455.83 Td (198,667) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 442.78 Td (Extensions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 127.36 446.59 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.35 442.78 Td (66) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.95 442.78 Td (185) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.95 442.83 Td (250) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 442.83 Td (3,882) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.25 442.83 Td (5,319) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 442.83 Td (9,201) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 430.78 Td (Infill Drilling ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 129.12 434.59 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 430.83 Td (4,308) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 430.83 Td (1,388) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 430.83 Td (5,697) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 430.83 Td 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Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.15 370.78 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 370.78 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.15 370.78 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 370.78 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 358.78 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.60 358.78 Td (\(2,920) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 358.78 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.60 358.78 Td (\(1,463) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.30 358.78 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.55 358.78 Td (\(4,383) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 358.78 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.25 358.83 Td (\(419) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 358.78 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 358.83 Td (\(170) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 358.78 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 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0 0 0 rg BT 241.25 361.23 Td (\(841) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.25 361.23 Td (\(465) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.55 361.18 Td (\(1,306) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 349.18 Td (Production) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.10 349.18 Td (\(13,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.30 349.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.25 349.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 349.18 Td (\(13,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 349.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 337.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.35 337.18 Td (156,532) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.80 337.23 Td (68,366) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.30 337.18 Td (224,898) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 299.5 m 203.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 299.5 m 259.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 299.5 m 264.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 299.5 m 315.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 299.5 m 320.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 299.5 m 371.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 299.5 m 427.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 299.5 m 432.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 299.5 m 483.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 299.5 m 488.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 299.5 m 539.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 262.5 m 259.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 262.5 m 315.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 262.5 m 371.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 262.5 m 427.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 262.5 m 483.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 262.5 m 539.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 141.5 m 259.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 141.5 m 315.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 141.5 m 371.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 141.5 m 427.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 141.5 m 483.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 141.5 m 539.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 129.5 m 259.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 129.5 m 315.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 129.5 m 371.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 129.5 m 427.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 129.5 m 483.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 129.5 m 539.5 129.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 302.45 Td (T) Tj ET Q q 0 0 0 rg BT 79.33 302.45 Td (OT) Tj ET Q q 0 0 0 rg BT 91.17 302.45 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.35 303.18 Td (HEA) Tj ET Q q 0 0 0 rg BT 284.94 303.18 Td (VY) Tj ET Q q 0 0 0 rg BT 295.25 303.18 Td ( OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.25 303.18 Td (BITUMEN) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 274.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.00 266.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.00 266.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.85 290.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 282.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 266.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.85 274.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 266.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 266.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.85 290.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.10 282.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.00 266.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 254.18 Td (December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 254.18 Td (46,706) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 254.23 Td (39,757) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 254.23 Td (86,463) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 254.23 Td (13,266) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.80 254.23 Td (55,726) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 254.23 Td (68,992) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 241.18 Td (Extensions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 241.23 Td (1,282) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.95 241.18 Td (690) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 241.23 Td (1,972) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 241.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 241.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 241.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 229.18 Td (Infill Drilling) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 229.23 Td (1,346) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.95 229.18 Td (905) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 229.23 Td (2,251) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 229.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 229.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 229.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 217.18 Td (Improved Recovery) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 217.23 Td (1,952) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 217.23 Td (4,621) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 217.23 Td (6,574) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 217.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 217.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 217.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 205.18 Td (T) Tj ET Q q 0 0 0 rg BT 90.00 205.18 Td (echnical Revisions ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 158.48 208.99 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 205.23 Td (4,315) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.60 205.18 Td (\(4,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.25 205.23 Td (\(607) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.25 205.23 Td (\(205) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 205.23 Td (\(178) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.25 205.23 Td (\(382) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 193.18 Td (Discoveries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.85 193.18 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.85 193.18 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 193.18 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 193.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 193.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 193.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 181.18 Td (Acquisitions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 128.69 184.99 Td ( \(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 181.23 Td (3,080) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 181.23 Td (1,522) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 181.23 Td (4,602) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 181.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 181.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 181.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 169.18 Td (Dispositions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.10 169.18 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 169.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.15 169.23 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.30 169.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.15 169.18 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 169.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 169.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 169.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 169.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 157.18 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.95 157.18 Td (149) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.95 157.18 Td (1) Tj ET Q q 0 0 0 rg BT 303.40 157.18 Td (14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.95 157.23 Td (262) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 157.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.15 157.18 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.15 157.18 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 145.18 Td (Production) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.60 145.18 Td (\(9,218) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 145.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 145.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.55 145.18 Td (\(9,218) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 145.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.25 145.23 Td (\(256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 145.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 145.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.25 145.23 Td (\(256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 145.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 133.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 133.18 Td (49,613) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 133.23 Td (42,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 133.23 Td (92,301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 133.23 Td (12,805) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.80 133.23 Td (55,545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 133.23 Td (68,350) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I44 Do Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 707.5 m 203.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 707.5 m 259.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 707.5 m 264.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 707.5 m 315.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 707.5 m 320.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 707.5 m 371.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 707.5 m 427.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 707.5 m 432.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 707.5 m 483.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 707.5 m 488.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 707.5 m 539.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 670.5 m 259.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 670.5 m 315.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 670.5 m 371.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 670.5 m 427.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 670.5 m 483.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 670.5 m 539.5 670.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 549.5 m 259.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 549.5 m 315.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 549.5 m 371.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 549.5 m 427.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 549.5 m 483.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 549.5 m 539.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 537.5 m 259.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 537.5 m 315.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 537.5 m 371.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 537.5 m 427.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 537.5 m 483.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 537.5 m 539.5 537.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 710.45 Td (T) Tj ET Q q 0 0 0 rg BT 79.33 710.45 Td (OT) Tj ET Q q 0 0 0 rg BT 91.17 710.45 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.80 711.18 Td (LIGHT ) Tj ET Q q 0 0 0 rg BT 268.87 711.18 Td (AND MEDIUM OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.75 711.18 Td (TIGHT OIL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 682.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.00 674.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.75 682.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.00 674.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.85 698.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 690.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.75 682.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 674.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.85 682.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 674.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 682.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 674.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.85 698.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.10 690.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.75 682.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.00 674.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 662.18 Td (December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.25 662.23 Td (1,608) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 662.23 Td (1,225) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 662.23 Td (2,833) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 662.23 Td (50,296) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.80 662.23 Td (1) Tj ET Q q 0 0 0 rg BT 460.25 662.23 Td (1,390) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 662.23 Td (61,686) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 649.18 Td (Extensions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 127.36 652.99 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 649.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 649.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 649.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 649.23 Td (1,515) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.25 649.23 Td (2,645) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 649.23 Td (4,160) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 637.18 Td (Infill Drilling ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 129.12 640.99 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 637.18 Td (10,823) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 637.23 Td (2,856) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 637.23 Td (13,679) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 637.23 Td (1,062) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.95 637.23 Td (147) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 637.23 Td (1,209) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 625.18 Td (Improved Recovery) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 625.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 625.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 625.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 625.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 625.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 625.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 613.18 Td (T) Tj ET Q q 0 0 0 rg BT 90.00 613.18 Td (echnical Revisions ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 158.48 616.99 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.95 613.18 Td (273) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 613.23 Td (\(381) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.30 613.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.25 613.23 Td (\(109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 613.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 613.23 Td (5,285) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.25 613.23 Td (7,154) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 613.23 Td (12,438) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 601.18 Td (Discoveries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 601.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 601.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 601.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.40 601.18 Td (65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.40 601.18 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.40 601.18 Td (80) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 589.18 Td (Acquisitions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 128.69 592.99 Td ( \(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 589.18 Td (61,992) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 589.23 Td (17,234) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 589.23 Td (79,226) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.95 589.23 Td (625) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.95 589.23 Td (594) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 589.23 Td (1,219) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 577.18 Td (Dispositions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 577.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 565.18 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.35 565.18 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.85 565.18 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.40 565.18 Td (23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.25 565.23 Td (\(175) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 565.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.70 565.23 Td (\(65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 565.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.25 565.23 Td (\(240) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 565.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 553.18 Td (Production) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.60 553.18 Td (\(3,165) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 553.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 553.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.55 553.18 Td (\(3,165) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 553.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.55 553.18 Td (\(5,854) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 553.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 553.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.60 553.23 Td (\(5,854) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 553.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 541.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 541.18 Td (71,545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 541.23 Td (20,941) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.80 541.23 Td (92,487) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 541.23 Td (52,819) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.80 541.23 Td (21,879) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 541.23 Td (74,698) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 503.5 m 203.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 503.5 m 259.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 503.5 m 264.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 503.5 m 315.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 503.5 m 320.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 503.5 m 371.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 503.5 m 427.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 503.5 m 432.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 503.5 m 483.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 503.5 m 488.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 503.5 m 539.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 466.5 m 259.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 466.5 m 315.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 466.5 m 371.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 466.5 m 427.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 466.5 m 483.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 466.5 m 539.5 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 345.5 m 259.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 345.5 m 315.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 345.5 m 371.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 345.5 m 427.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 345.5 m 483.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 345.5 m 539.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 333.5 m 259.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 333.5 m 315.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 333.5 m 371.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 333.5 m 427.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 333.5 m 483.5 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 333.5 m 539.5 333.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 506.45 Td (T) Tj ET Q q 0 0 0 rg BT 79.33 506.45 Td (OT) Tj ET Q q 0 0 0 rg BT 91.17 506.45 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.10 507.18 Td (NA) Tj ET Q q 0 0 0 rg BT 250.06 507.18 Td (TURAL) Tj ET Q q 0 0 0 rg BT 277.02 507.18 Td ( GAS LIQUIDS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 333.47 510.99 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.15 507.18 Td (SHALE GAS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 478.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.00 470.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.75 478.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.00 470.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.85 494.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 486.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.75 478.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.00 470.73 Td (\(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.85 478.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.20 470.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 478.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.20 470.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.85 494.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.10 486.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.75 478.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.20 470.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 458.18 Td (December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 458.18 Td (84,564) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 458.23 Td (38,962) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.30 458.18 Td (123,526) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.30 458.18 Td (172,855) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.80 458.23 Td (75,686) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 458.23 Td (248,541) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 445.18 Td (Extensions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 127.36 448.99 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.95 445.18 Td (644) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.25 445.23 Td (1,173) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.25 445.23 Td (1,817) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 445.23 Td (2,582) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.25 445.23 Td (4,681) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 445.23 Td (7,262) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 433.18 Td (Infill Drilling) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.95 433.18 Td (534) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.95 433.18 Td (109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.95 433.23 Td (643) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.95 433.23 Td (407) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.95 433.23 Td (121) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.95 433.23 Td (528) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 421.18 Td (Improved Recovery) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 421.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 421.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 421.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 421.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 421.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 421.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 409.18 Td (T) Tj ET Q q 0 0 0 rg BT 90.00 409.18 Td (echnical Revisions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 156.25 412.99 Td ( \(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.60 409.18 Td (\(5,742) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 409.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.60 409.18 Td (\(1,716) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.30 409.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.55 409.18 Td (\(7,458) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 409.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.15 409.18 Td (\(10,715) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 409.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.55 409.18 Td (\(9,1) Tj ET Q q 0 0 0 rg BT 471.34 409.18 Td (1) Tj ET Q q 0 0 0 rg BT 475.78 409.18 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 409.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.15 409.18 Td (\(19,826) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 409.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 397.18 Td (Discoveries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.35 397.18 Td (12) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.85 397.18 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.40 397.18 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.40 397.18 Td (73) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.40 397.18 Td (17) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.40 397.18 Td (90) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 385.18 Td (Acquisitions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 128.69 388.99 Td ( \(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.95 385.18 Td (349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.95 385.18 Td (256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.95 385.23 Td (605) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.95 385.23 Td (790) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.95 385.23 Td (809) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.25 385.23 Td (1,599) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 373.18 Td (Dispositions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.25 373.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 373.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.25 373.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 373.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 373.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 373.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 361.18 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 361.23 Td (\(528) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 361.23 Td (\(314) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.25 361.23 Td (\(841) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.55 361.18 Td (\(1,133) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 361.23 Td (\(652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.60 361.23 Td (\(1,785) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 361.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 349.18 Td (Production) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.60 349.18 Td (\(5,220) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.30 349.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.25 349.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.55 349.18 Td (\(5,220) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 349.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.15 349.18 Td (\(13,702) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.30 349.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.25 349.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.15 349.18 Td (\(13,702) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 349.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 337.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.75 337.18 Td (74,614) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.80 337.23 Td (38,473) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.30 337.18 Td (1) Tj ET Q q 0 0 0 rg BT 343.75 337.18 Td (13,087) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.30 337.18 Td (151,156) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.80 337.23 Td (71,550) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 337.23 Td (222,706) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 299.5 m 204.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 299.5 m 260.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 299.5 m 265.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 299.5 m 316.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 299.5 m 321.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 299.5 m 372.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 299.5 m 428.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 299.5 m 433.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 299.5 m 484.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 299.5 m 489.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 299.5 m 540.5 299.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 262.5 m 260.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 262.5 m 316.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 262.5 m 372.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 262.5 m 428.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 262.5 m 484.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 262.5 m 540.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 262.5 m 260.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 262.5 m 316.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 262.5 m 372.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 262.5 m 428.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 262.5 m 484.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 262.5 m 540.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 141.5 m 260.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 141.5 m 316.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 141.5 m 372.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 141.5 m 428.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 141.5 m 484.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 141.5 m 540.5 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 129.5 m 260.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 129.5 m 316.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 129.5 m 372.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 129.5 m 428.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 129.5 m 484.5 129.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 129.5 m 540.5 129.5 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 302.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.33 302.45 Td (OT) Tj ET Q q 0 0 0 rg BT 92.17 302.45 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.40 303.18 Td (CONVENTIONAL) Tj ET Q q 0 0 0 rg BT 288.26 303.18 Td ( NA) Tj ET Q q 0 0 0 rg BT 301.44 303.18 Td (TURAL) Tj ET Q q 0 0 0 rg BT 328.40 303.18 Td ( GAS ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 350.18 306.99 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 303.18 Td (OIL) Tj ET Q q 0 0 0 rg BT 438.49 303.18 Td ( EQUIV) Tj ET Q q 0 0 0 rg BT 465.01 303.18 Td (ALENT) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.85 274.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.20 266.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.20 266.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.85 290.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.10 282.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.20 266.73 Td (\(MMcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.85 274.73 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 266.73 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.75 266.73 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.85 290.73 Td (Proved ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.10 282.73 Td (Plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.75 274.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.75 266.73 Td (\(Mboe\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 254.18 Td (December 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.35 254.18 Td (181,837) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.35 254.18 Td (100,724) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.30 254.18 Td (282,560) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 254.18 Td (255,556) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.30 254.18 Td (176,461) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.35 254.23 Td (432,017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 241.18 Td (Extensions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 128.36 244.99 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.35 241.18 Td (66) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.95 241.18 Td (185) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.95 241.23 Td (250) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.25 241.23 Td (3,882) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.25 241.23 Td (5,319) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 241.23 Td (9,201) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 229.18 Td (Infill Drilling ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 130.12 232.99 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.25 229.23 Td (6,055) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.25 229.23 Td (1,643) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 229.23 Td (7,699) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 229.23 Td (14,842) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.25 229.23 Td (4,31) Tj ET Q q 0 0 0 rg BT 476.82 229.23 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 229.23 Td (19,153) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 217.18 Td (Improved Recovery) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.25 217.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.25 217.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.25 217.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.25 217.23 Td (1,952) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.25 217.23 Td (4,621) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.25 217.23 Td (6,574) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 205.18 Td (T) Tj ET Q q 0 0 0 rg BT 91.00 205.18 Td (echnical Revisions ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 159.48 208.99 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.10 205.18 Td (\(24,918) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.25 205.23 Td (9,915) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 205.18 Td (\(15,004) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.55 205.18 Td (\(2,013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.40 205.18 Td (91) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.60 205.23 Td (\(1,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 205.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 193.18 Td (Discoveries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.25 193.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.25 193.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.25 193.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.40 193.18 Td (92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.40 193.18 Td (22) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.95 193.23 Td (1) Tj ET Q q 0 0 0 rg BT 528.40 193.23 Td (14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 181.18 Td (Acquisitions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 129.69 184.99 Td ( \(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 232.75 181.18 Td (28,494) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.80 181.23 Td (1) Tj ET Q q 0 0 0 rg BT 293.25 181.23 Td (1,812) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.80 181.23 Td (40,306) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 181.23 Td (70,926) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.80 181.23 Td (21,709) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 181.23 Td (92,635) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 169.18 Td (Dispositions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.25 169.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.25 169.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.25 169.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.15 169.18 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.30 169.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.15 169.18 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 169.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.15 169.18 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 169.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 157.18 Td (Economic Factors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.60 157.18 Td (\(3,197) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.60 157.18 Td (\(1,593) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.55 157.18 Td (\(4,790) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.55 157.18 Td (\(1,261) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.25 157.23 Td (\(635) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.60 157.23 Td (\(1,896) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 157.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 145.18 Td (Production) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.10 145.18 Td (\(20,232) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.30 145.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.25 145.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 145.18 Td (\(20,232) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 145.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.15 145.18 Td (\(29,368) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.30 145.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 145.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 510.15 145.18 Td (\(29,368) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 145.18 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 133.18 Td (December 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.35 133.18 Td (168,104) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.35 133.18 Td (122,685) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.30 133.18 Td (290,789) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.30 133.18 Td (314,607) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.30 133.18 Td (21) Tj ET Q q 0 0 0 rg BT 461.20 133.18 Td (1,898) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.35 133.23 Td (526,505) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 117.40 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 104.80 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 104.80 Td (Negative ) Tj ET Q q 0 0 0 rg BT 140.84 104.80 Td (technical ) Tj ET Q q 0 0 0 rg BT 173.68 104.80 Td (revisions ) Tj ET Q q 0 0 0 rg BT 206.51 104.80 Td (for ) Tj ET Q q 0 0 0 rg BT 217.12 104.80 Td (conventional ) Tj ET Q q 0 0 0 rg BT 263.31 104.80 Td (natural ) Tj ET Q q 0 0 0 rg BT 289.03 104.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 303.20 104.80 Td (are ) Tj ET Q q 0 0 0 rg BT 316.03 104.80 Td (largely ) Tj ET Q q 0 0 0 rg BT 340.86 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 353.25 104.80 Td (result ) Tj ET Q q 0 0 0 rg BT 374.08 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 382.02 104.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 426.42 104.80 Td (to ) Tj ET Q q 0 0 0 rg BT 434.35 104.80 Td (our ) Tj ET Q q 0 0 0 rg BT 447.18 104.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 461.35 104.80 Td (conservation ) Tj ET Q q 0 0 0 rg BT 507.97 104.80 Td (bookings ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 95.20 Td (in ) Tj ET Q q 0 0 0 rg BT 115.69 95.20 Td (the ) Tj ET Q q 0 0 0 rg BT 128.28 95.20 Td (Peace ) Tj ET Q q 0 0 0 rg BT 152.43 95.20 Td (River ) Tj ET Q q 0 0 0 rg BT 172.57 95.20 Td (area ) Tj ET Q q 0 0 0 rg BT 190.05 95.20 Td (and ) Tj ET Q q 0 0 0 rg BT 204.86 95.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 235.24 95.20 Td (type ) Tj ET Q q 0 0 0 rg BT 251.83 95.20 Td (well ) Tj ET Q q 0 0 0 rg BT 267.08 95.20 Td (profiles ) Tj ET Q q 0 0 0 rg BT 294.33 95.20 Td (in ) Tj ET Q q 0 0 0 rg BT 302.03 95.20 Td (our ) Tj ET Q q 0 0 0 rg BT 315.06 95.20 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 350.77 95.20 Td (conventional ) Tj ET Q q 0 0 0 rg BT 397.16 95.20 Td (natural ) Tj ET Q q 0 0 0 rg BT 423.09 95.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 437.46 95.20 Td (properties. ) Tj ET Q q 0 0 0 rg BT 478.94 95.20 Td (Positive ) Tj ET Q q 0 0 0 rg BT 508.42 95.20 Td (technical ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 85.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 141.78 85.60 Td (for ) Tj ET Q q 0 0 0 rg BT 153.33 85.60 Td (tight ) Tj ET Q q 0 0 0 rg BT 170.66 85.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 180.88 85.60 Td (are ) Tj ET Q q 0 0 0 rg BT 194.65 85.60 Td (the ) Tj ET Q q 0 0 0 rg BT 207.98 85.60 Td (result ) Tj ET Q q 0 0 0 rg BT 229.76 85.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.64 85.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 276.00 85.60 Td (type ) Tj ET Q q 0 0 0 rg BT 293.33 85.60 Td (well ) Tj ET Q q 0 0 0 rg BT 309.32 85.60 Td (profiles ) Tj ET Q q 0 0 0 rg BT 337.32 85.60 Td (on ) Tj ET Q q 0 0 0 rg BT 348.43 85.60 Td (our ) Tj ET Q q 0 0 0 rg BT 362.21 85.60 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 384.88 85.60 Td (Ford ) Tj ET Q q 0 0 0 rg BT 403.54 85.60 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 436.89 85.60 Td (as ) Tj ET Q q 0 0 0 rg BT 447.55 85.60 Td (well ) Tj ET Q q 0 0 0 rg BT 463.54 85.60 Td (as ) Tj ET Q q 0 0 0 rg BT 474.20 85.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.54 85.60 Td (reclassification ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 76.00 Td (of ) Tj ET Q q 0 0 0 rg BT 117.26 76.00 Td (some ) Tj ET Q q 0 0 0 rg BT 139.41 76.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.46 76.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 181.95 76.00 Td (liquids ) Tj ET Q q 0 0 0 rg BT 207.22 76.00 Td (volumes ) Tj ET Q q 0 0 0 rg BT 239.60 76.00 Td (to ) Tj ET Q q 0 0 0 rg BT 248.86 76.00 Td (tight ) Tj ET Q q 0 0 0 rg BT 266.57 76.00 Td (oil. ) Tj ET Q q 0 0 0 rg BT 279.39 76.00 Td (Negative ) Tj ET Q q 0 0 0 rg BT 313.55 76.00 Td (technical ) Tj ET Q q 0 0 0 rg BT 347.71 76.00 Td (revisions ) Tj ET Q q 0 0 0 rg BT 381.87 76.00 Td (for ) Tj ET Q q 0 0 0 rg BT 393.79 76.00 Td (shale ) Tj ET Q q 0 0 0 rg BT 415.51 76.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 431.00 76.00 Td (and ) Tj ET Q q 0 0 0 rg BT 446.93 76.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.98 76.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 489.47 76.00 Td (liquids ) Tj ET Q q 0 0 0 rg BT 514.74 76.00 Td (are ) Tj ET Q q 0 0 0 rg BT 528.89 76.00 Td (the ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I45 Do Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (28) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 714.20 Td (result ) Tj ET Q q 0 0 0 rg BT 129.71 714.20 Td (of ) Tj ET Q q 0 0 0 rg BT 138.53 714.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.79 714.20 Td (removal ) Tj ET Q q 0 0 0 rg BT 182.39 714.20 Td (of ) Tj ET Q q 0 0 0 rg BT 191.21 714.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 217.37 714.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 242.63 714.20 Td (locations ) Tj ET Q q 0 0 0 rg BT 276.35 714.20 Td (on ) Tj ET Q q 0 0 0 rg BT 287.40 714.20 Td (our ) Tj ET Q q 0 0 0 rg BT 301.10 714.20 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 323.71 714.20 Td (Ford ) Tj ET Q q 0 0 0 rg BT 342.30 714.20 Td (acreage ) Tj ET Q q 0 0 0 rg BT 373.36 714.20 Td (as ) Tj ET Q q 0 0 0 rg BT 383.96 714.20 Td (well ) Tj ET Q q 0 0 0 rg BT 399.88 714.20 Td (as ) Tj ET Q q 0 0 0 rg BT 410.48 714.20 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 465.09 714.20 Td (of ) Tj ET Q q 0 0 0 rg BT 473.90 714.20 Td (shale ) Tj ET Q q 0 0 0 rg BT 495.17 714.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 510.22 714.20 Td (volumes ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 704.60 Td (to ) Tj ET Q q 0 0 0 rg BT 116.89 704.60 Td (solution ) Tj ET Q q 0 0 0 rg BT 146.69 704.60 Td (gas.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 692.00 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 692.00 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 153.61 692.00 Td (are ) Tj ET Q q 0 0 0 rg BT 168.09 692.00 Td (principally ) Tj ET Q q 0 0 0 rg BT 206.58 692.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 249.08 692.00 Td (to ) Tj ET Q q 0 0 0 rg BT 258.68 692.00 Td (reserves ) Tj ET Q q 0 0 0 rg BT 292.27 692.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 333.44 692.00 Td (with ) Tj ET Q q 0 0 0 rg BT 350.59 692.00 Td (the ) Tj ET Q q 0 0 0 rg BT 364.63 692.00 Td (Raging ) Tj ET Q q 0 0 0 rg BT 392.90 692.00 Td (River ) Tj ET Q q 0 0 0 rg BT 414.49 692.00 Td (combination. ) Tj ET Q q 0 0 0 rg BT 462.77 692.00 Td (For ) Tj ET Q q 0 0 0 rg BT 477.69 692.00 Td (light ) Tj ET Q q 0 0 0 rg BT 495.28 692.00 Td (and ) Tj ET Q q 0 0 0 rg BT 511.55 692.00 Td (medium ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 682.40 Td (crude ) Tj ET Q q 0 0 0 rg BT 130.67 682.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 141.32 682.40 Td (and ) Tj ET Q q 0 0 0 rg BT 157.32 682.40 Td (tight ) Tj ET Q q 0 0 0 rg BT 175.10 682.40 Td (oil, ) Tj ET Q q 0 0 0 rg BT 187.98 682.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 221.31 682.40 Td (associated ) Tj ET Q q 0 0 0 rg BT 262.21 682.40 Td (with ) Tj ET Q q 0 0 0 rg BT 279.09 682.40 Td (the ) Tj ET Q q 0 0 0 rg BT 292.86 682.40 Td (Raging ) Tj ET Q q 0 0 0 rg BT 320.87 682.40 Td (River ) Tj ET Q q 0 0 0 rg BT 342.19 682.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 367.96 682.40 Td (are ) Tj ET Q q 0 0 0 rg BT 382.18 682.40 Td (captured ) Tj ET Q q 0 0 0 rg BT 415.96 682.40 Td (within ) Tj ET Q q 0 0 0 rg BT 439.07 682.40 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 485.75 682.40 Td (extensions ) Tj ET Q q 0 0 0 rg BT 526.65 682.40 Td (and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 672.80 Td (infill ) Tj ET Q q 0 0 0 rg BT 123.76 672.80 Td (drilling. ) Tj ET Q q 0 0 0 rg BT 150.96 672.80 Td (T) Tj ET Q q 0 0 0 rg BT 154.96 672.80 Td (otal ) Tj ET Q q 0 0 0 rg BT 169.84 672.80 Td (proved ) Tj ET Q q 0 0 0 rg BT 196.28 672.80 Td (reserves ) Tj ET Q q 0 0 0 rg BT 228.93 672.80 Td (of ) Tj ET Q q 0 0 0 rg BT 237.59 672.80 Td (1) Tj ET Q q 0 0 0 rg BT 241.44 672.80 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 254.54 672.80 Td (mmboe ) Tj ET Q q 0 0 0 rg BT 283.20 672.80 Td (and ) Tj ET Q q 0 0 0 rg BT 298.53 672.80 Td (total ) Tj ET Q q 0 0 0 rg BT 315.63 672.80 Td (proved ) Tj ET Q q 0 0 0 rg BT 342.07 672.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 358.73 672.80 Td (probable ) Tj ET Q q 0 0 0 rg BT 391.84 672.80 Td (reserves ) Tj ET Q q 0 0 0 rg BT 424.50 672.80 Td (of ) Tj ET Q q 0 0 0 rg BT 433.15 672.80 Td (14.6 ) Tj ET Q q 0 0 0 rg BT 450.70 672.80 Td (MMboe ) Tj ET Q q 0 0 0 rg BT 479.36 672.80 Td (of ) Tj ET Q q 0 0 0 rg BT 488.01 672.80 Td (the ) Tj ET Q q 0 0 0 rg BT 501.11 672.80 Td (infill ) Tj ET Q q 0 0 0 rg BT 516.88 672.80 Td (drilling ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 663.20 Td (additions ) Tj ET Q q 0 0 0 rg BT 141.34 663.20 Td (are ) Tj ET Q q 0 0 0 rg BT 154.22 663.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 193.78 663.20 Td (with ) Tj ET Q q 0 0 0 rg BT 209.32 663.20 Td (the ) Tj ET Q q 0 0 0 rg BT 221.76 663.20 Td (Raging ) Tj ET Q q 0 0 0 rg BT 248.42 663.20 Td (River ) Tj ET Q q 0 0 0 rg BT 268.15 663.20 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 310.37 663.20 Td ( ) Tj ET Q q 0 0 0 rg BT 311.60 663.20 Td (T) Tj ET Q q 0 0 0 rg BT 315.60 663.20 Td (otal ) Tj ET Q q 0 0 0 rg BT 329.82 663.20 Td (proved ) Tj ET Q q 0 0 0 rg BT 355.59 663.20 Td (reserves ) Tj ET Q q 0 0 0 rg BT 387.58 663.20 Td (of ) Tj ET Q q 0 0 0 rg BT 395.57 663.20 Td (2.6 ) Tj ET Q q 0 0 0 rg BT 408.01 663.20 Td (MMboe ) Tj ET Q q 0 0 0 rg BT 436.00 663.20 Td (and ) Tj ET Q q 0 0 0 rg BT 450.66 663.20 Td (total ) Tj ET Q q 0 0 0 rg BT 467.10 663.20 Td (proved ) Tj ET Q q 0 0 0 rg BT 492.87 663.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 508.87 663.20 Td (probable ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 653.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 140.90 653.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.79 653.60 Td (7.2 ) Tj ET Q q 0 0 0 rg BT 163.14 653.60 Td (MMboe ) Tj ET Q q 0 0 0 rg BT 192.04 653.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.93 653.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.27 653.60 Td (extensions ) Tj ET Q q 0 0 0 rg BT 254.74 653.60 Td (additions ) Tj ET Q q 0 0 0 rg BT 288.99 653.60 Td (are ) Tj ET Q q 0 0 0 rg BT 302.77 653.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 343.24 653.60 Td (with ) Tj ET Q q 0 0 0 rg BT 359.69 653.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.04 653.60 Td (Raging ) Tj ET Q q 0 0 0 rg BT 400.61 653.60 Td (River ) Tj ET Q q 0 0 0 rg BT 421.50 653.60 Td (combination. ) Tj ET Q q 0 0 0 rg BT 469.08 653.60 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 641.00 Td (\(3\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 641.00 Td (Conventional ) Tj ET Q q 0 0 0 rg BT 156.92 641.00 Td (natural ) Tj ET Q q 0 0 0 rg BT 183.61 641.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 198.73 641.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 230.30 641.00 Td (associated, ) Tj ET Q q 0 0 0 rg BT 272.99 641.00 Td (non-associated ) Tj ET Q q 0 0 0 rg BT 329.47 641.00 Td (and ) Tj ET Q q 0 0 0 rg BT 345.04 641.00 Td (solution ) Tj ET Q q 0 0 0 rg BT 374.84 641.00 Td (gas.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 628.40 Td (\(4\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 628.40 Td (Natural ) Tj ET Q q 0 0 0 rg BT 136.01 628.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 151.13 628.40 Td (liquids ) Tj ET Q q 0 0 0 rg BT 176.04 628.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 207.61 628.40 Td (condensate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 607.40 Td (Additional ) Tj ET Q q 0 0 0 rg BT 123.66 607.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 181.43 607.40 Td (Relating ) Tj ET Q q 0 0 0 rg BT 223.66 607.40 Td (to ) Tj ET Q q 0 0 0 rg BT 235.88 607.40 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 283.14 607.40 Td (Data) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 586.40 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 137.57 586.40 Td (Reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 565.40 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 134.11 565.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 175.63 565.40 Td (are ) Tj ET Q q 0 0 0 rg BT 193.25 565.40 Td (attributed ) Tj ET Q q 0 0 0 rg BT 238.12 565.40 Td (by ) Tj ET Q q 0 0 0 rg BT 251.85 565.40 Td (Sproule, ) Tj ET Q q 0 0 0 rg BT 292.27 565.40 Td (Ryder ) Tj ET Q q 0 0 0 rg BT 322.12 565.40 Td (Scott ) Tj ET Q q 0 0 0 rg BT 348.08 565.40 Td (and ) Tj ET Q q 0 0 0 rg BT 367.94 565.40 Td (GLJ ) Tj ET Q q 0 0 0 rg BT 389.45 565.40 Td (in ) Tj ET Q q 0 0 0 rg BT 400.41 565.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 455.28 565.40 Td (with ) Tj ET Q q 0 0 0 rg BT 476.24 565.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 523.32 565.40 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 553.40 Td (procedures ) Tj ET Q q 0 0 0 rg BT 124.93 553.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 171.21 553.40 Td (in ) Tj ET Q q 0 0 0 rg BT 181.89 553.40 Td (the ) Tj ET Q q 0 0 0 rg BT 198.70 553.40 Td (COGE ) Tj ET Q q 0 0 0 rg BT 231.05 553.40 Td (Handbook. ) Tj ET Q q 0 0 0 rg BT 282.32 553.40 Td (Proved ) Tj ET Q q 0 0 0 rg BT 316.91 553.40 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 377.09 553.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 418.33 553.40 Td (are ) Tj ET Q q 0 0 0 rg BT 435.69 553.40 Td (those ) Tj ET Q q 0 0 0 rg BT 463.06 553.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 504.31 553.40 Td (that ) Tj ET Q q 0 0 0 rg BT 523.89 553.40 Td (can ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 541.40 Td (be ) Tj ET Q q 0 0 0 rg BT 85.97 541.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 132.17 541.40 Td (with ) Tj ET Q q 0 0 0 rg BT 152.79 541.40 Td (a ) Tj ET Q q 0 0 0 rg BT 161.20 541.40 Td (high ) Tj ET Q q 0 0 0 rg BT 182.95 541.40 Td (degree ) Tj ET Q q 0 0 0 rg BT 216.93 541.40 Td (of ) Tj ET Q q 0 0 0 rg BT 228.12 541.40 Td (certainty ) Tj ET Q q 0 0 0 rg BT 268.76 541.40 Td (and ) Tj ET Q q 0 0 0 rg BT 288.29 541.40 Td (are ) Tj ET Q q 0 0 0 rg BT 305.58 541.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 349.01 541.40 Td (to ) Tj ET Q q 0 0 0 rg BT 360.20 541.40 Td (be ) Tj ET Q q 0 0 0 rg BT 374.17 541.40 Td (recovered ) Tj ET Q q 0 0 0 rg BT 421.48 541.40 Td (from ) Tj ET Q q 0 0 0 rg BT 444.32 541.40 Td (known ) Tj ET Q q 0 0 0 rg BT 476.08 541.40 Td (accumulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.40 Td (where ) Tj ET Q q 0 0 0 rg BT 102.69 529.40 Td (a ) Tj ET Q q 0 0 0 rg BT 111.71 529.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 159.64 529.40 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 215.35 529.40 Td (is ) Tj ET Q q 0 0 0 rg BT 226.03 529.40 Td (required ) Tj ET Q q 0 0 0 rg BT 266.18 529.40 Td (to ) Tj ET Q q 0 0 0 rg BT 277.97 529.40 Td (render ) Tj ET Q q 0 0 0 rg BT 310.34 529.40 Td (them ) Tj ET Q q 0 0 0 rg BT 336.02 529.40 Td (capable ) Tj ET Q q 0 0 0 rg BT 374.51 529.40 Td (of ) Tj ET Q q 0 0 0 rg BT 386.31 529.40 Td (production. ) Tj ET Q q 0 0 0 rg BT 439.24 529.40 Td (Probable ) Tj ET Q q 0 0 0 rg BT 482.73 529.40 Td (undeveloped ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 113.43 517.40 Td (are ) Tj ET Q q 0 0 0 rg BT 130.98 517.40 Td (those ) Tj ET Q q 0 0 0 rg BT 158.53 517.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 199.96 517.40 Td (that ) Tj ET Q q 0 0 0 rg BT 219.73 517.40 Td (are ) Tj ET Q q 0 0 0 rg BT 237.27 517.40 Td (less ) Tj ET Q q 0 0 0 rg BT 258.14 517.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 291.25 517.40 Td (to ) Tj ET Q q 0 0 0 rg BT 302.68 517.40 Td (be ) Tj ET Q q 0 0 0 rg BT 316.89 517.40 Td (recovered ) Tj ET Q q 0 0 0 rg BT 364.44 517.40 Td (than ) Tj ET Q q 0 0 0 rg BT 387.00 517.40 Td (proved ) Tj ET Q q 0 0 0 rg BT 420.66 517.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 462.09 517.40 Td (and ) Tj ET Q q 0 0 0 rg BT 481.87 517.40 Td (are ) Tj ET Q q 0 0 0 rg BT 499.41 517.40 Td (expected ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.40 Td (to ) Tj ET Q q 0 0 0 rg BT 81.89 505.40 Td (be ) Tj ET Q q 0 0 0 rg BT 94.57 505.40 Td (recovered ) Tj ET Q q 0 0 0 rg BT 140.59 505.40 Td (from ) Tj ET Q q 0 0 0 rg BT 162.14 505.40 Td (known ) Tj ET Q q 0 0 0 rg BT 192.60 505.40 Td (accumulations ) Tj ET Q q 0 0 0 rg BT 258.08 505.40 Td (where ) Tj ET Q q 0 0 0 rg BT 286.87 505.40 Td (a ) Tj ET Q q 0 0 0 rg BT 293.98 505.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 340.00 505.40 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 393.82 505.40 Td (is ) Tj ET Q q 0 0 0 rg BT 402.59 505.40 Td (required ) Tj ET Q q 0 0 0 rg BT 440.83 505.40 Td (to ) Tj ET Q q 0 0 0 rg BT 450.73 505.40 Td (render ) Tj ET Q q 0 0 0 rg BT 481.19 505.40 Td (them ) Tj ET Q q 0 0 0 rg BT 504.97 505.40 Td (capable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.40 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 493.40 Td (production.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 472.40 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 472.40 Td (e ) Tj ET Q q 0 0 0 rg BT 89.82 472.40 Td (allocate ) Tj ET Q q 0 0 0 rg BT 127.29 472.40 Td (development ) Tj ET Q q 0 0 0 rg BT 187.55 472.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 219.45 472.40 Td (to ) Tj ET Q q 0 0 0 rg BT 230.79 472.40 Td (our ) Tj ET Q q 0 0 0 rg BT 248.24 472.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.15 472.40 Td (annually) Tj ET Q q 0 0 0 rg BT 316.65 472.40 Td (. ) Tj ET Q q 0 0 0 rg BT 322.43 472.40 Td (W) Tj ET Q q 0 0 0 rg BT 331.69 472.40 Td (e ) Tj ET Q q 0 0 0 rg BT 340.25 472.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 373.83 472.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 392.38 472.40 Td (by ) Tj ET Q q 0 0 0 rg BT 405.94 472.40 Td (technically ) Tj ET Q q 0 0 0 rg BT 455.63 472.40 Td (assessing ) Tj ET Q q 0 0 0 rg BT 503.09 472.40 Td (the ) Tj ET Q q 0 0 0 rg BT 520.00 472.40 Td (prior ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.40 Td (year's ) Tj ET Q q 0 0 0 rg BT 101.17 460.40 Td (results ) Tj ET Q q 0 0 0 rg BT 133.43 460.40 Td (from ) Tj ET Q q 0 0 0 rg BT 156.23 460.40 Td (our ) Tj ET Q q 0 0 0 rg BT 173.49 460.40 Td (development ) Tj ET Q q 0 0 0 rg BT 233.56 460.40 Td (programs ) Tj ET Q q 0 0 0 rg BT 278.60 460.40 Td (before ) Tj ET Q q 0 0 0 rg BT 309.76 460.40 Td (committing ) Tj ET Q q 0 0 0 rg BT 360.91 460.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 406.53 460.40 Td (capital. ) Tj ET Q q 0 0 0 rg BT 441.02 460.40 Td ( ) Tj ET Q q 0 0 0 rg BT 443.82 460.40 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 504.42 460.40 Td (planned ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.40 Td (activity ) Tj ET Q q 0 0 0 rg BT 107.38 448.40 Td (levels ) Tj ET Q q 0 0 0 rg BT 137.76 448.40 Td (vary ) Tj ET Q q 0 0 0 rg BT 161.47 448.40 Td (each ) Tj ET Q q 0 0 0 rg BT 187.98 448.40 Td (year ) Tj ET Q q 0 0 0 rg BT 212.25 448.40 Td (due ) Tj ET Q q 0 0 0 rg BT 233.75 448.40 Td (to ) Tj ET Q q 0 0 0 rg BT 246.91 448.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 281.73 448.40 Td (such ) Tj ET Q q 0 0 0 rg BT 307.68 448.40 Td (as ) Tj ET Q q 0 0 0 rg BT 323.05 448.40 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 370.68 448.40 Td (commodity ) Tj ET Q q 0 0 0 rg BT 423.84 448.40 Td (prices, ) Tj ET Q q 0 0 0 rg BT 458.11 448.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 491.83 448.40 Td (availability) Tj ET Q q 0 0 0 rg BT 537.22 448.40 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 125.24 436.40 Td (spacing ) Tj ET Q q 0 0 0 rg BT 163.47 436.40 Td (considerations, ) Tj ET Q q 0 0 0 rg BT 234.49 436.40 Td (timing ) Tj ET Q q 0 0 0 rg BT 264.92 436.40 Td (of ) Tj ET Q q 0 0 0 rg BT 277.02 436.40 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 339.14 436.40 Td (construction ) Tj ET Q q 0 0 0 rg BT 396.81 436.40 Td (and ) Tj ET Q q 0 0 0 rg BT 417.25 436.40 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 465.48 436.40 Td (processes. ) Tj ET Q q 0 0 0 rg BT 517.60 436.40 Td ( ) Tj ET Q q 0 0 0 rg BT 521.11 436.40 Td (This ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.40 Td (approach ) Tj ET Q q 0 0 0 rg BT 116.41 424.40 Td (means ) Tj ET Q q 0 0 0 rg BT 149.13 424.40 Td (that ) Tj ET Q q 0 0 0 rg BT 168.52 424.40 Td (in ) Tj ET Q q 0 0 0 rg BT 179.02 424.40 Td (most ) Tj ET Q q 0 0 0 rg BT 203.40 424.40 Td (cases ) Tj ET Q q 0 0 0 rg BT 232.23 424.40 Td (it ) Tj ET Q q 0 0 0 rg BT 239.94 424.40 Td (will ) Tj ET Q q 0 0 0 rg BT 256.54 424.40 Td (take ) Tj ET Q q 0 0 0 rg BT 278.15 424.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 308.66 424.40 Td (than ) Tj ET Q q 0 0 0 rg BT 330.83 424.40 Td (three ) Tj ET Q q 0 0 0 rg BT 356.34 424.40 Td (years ) Tj ET Q q 0 0 0 rg BT 383.50 424.40 Td (to ) Tj ET Q q 0 0 0 rg BT 394.55 424.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 432.29 424.40 Td (our ) Tj ET Q q 0 0 0 rg BT 449.45 424.40 Td (proved ) Tj ET Q q 0 0 0 rg BT 482.74 424.40 Td (undeveloped ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 412.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 113.53 412.40 Td (and ) Tj ET Q q 0 0 0 rg BT 133.39 412.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 164.38 412.40 Td (than ) Tj ET Q q 0 0 0 rg BT 187.02 412.40 Td (five ) Tj ET Q q 0 0 0 rg BT 205.76 412.40 Td (years ) Tj ET Q q 0 0 0 rg BT 233.40 412.40 Td (to ) Tj ET Q q 0 0 0 rg BT 244.92 412.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 283.13 412.40 Td (our ) Tj ET Q q 0 0 0 rg BT 300.77 412.40 Td (proved ) Tj ET Q q 0 0 0 rg BT 334.53 412.40 Td (plus ) Tj ET Q q 0 0 0 rg BT 356.06 412.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 398.16 412.40 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 458.62 412.40 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 502.92 412.40 Td (With ) Tj ET Q q 0 0 0 rg BT 526.11 412.40 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.40 Td (exception ) Tj ET Q q 0 0 0 rg BT 117.10 400.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.73 400.40 Td (our ) Tj ET Q q 0 0 0 rg BT 144.47 400.40 Td (Gemini ) Tj ET Q q 0 0 0 rg BT 178.44 400.40 Td (SAGD ) Tj ET Q q 0 0 0 rg BT 209.07 400.40 Td (project, ) Tj ET Q q 0 0 0 rg BT 244.15 400.40 Td (we ) Tj ET Q q 0 0 0 rg BT 259.22 400.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 280.42 400.40 Td (to ) Tj ET Q q 0 0 0 rg BT 291.05 400.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 328.37 400.40 Td (the ) Tj ET Q q 0 0 0 rg BT 344.56 400.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 381.85 400.40 Td (of ) Tj ET Q q 0 0 0 rg BT 392.48 400.40 Td (our ) Tj ET Q q 0 0 0 rg BT 409.23 400.40 Td (proved ) Tj ET Q q 0 0 0 rg BT 442.09 400.40 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 501.66 400.40 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.40 Td (over ) Tj ET Q q 0 0 0 rg BT 94.23 388.40 Td (the ) Tj ET Q q 0 0 0 rg BT 110.91 388.40 Td (next ) Tj ET Q q 0 0 0 rg BT 132.59 388.40 Td (five ) Tj ET Q q 0 0 0 rg BT 150.93 388.40 Td (years ) Tj ET Q q 0 0 0 rg BT 178.16 388.40 Td (and ) Tj ET Q q 0 0 0 rg BT 197.63 388.40 Td (our ) Tj ET Q q 0 0 0 rg BT 214.86 388.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 256.56 388.40 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 316.61 388.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 357.73 388.40 Td (over ) Tj ET Q q 0 0 0 rg BT 379.96 388.40 Td (the ) Tj ET Q q 0 0 0 rg BT 396.64 388.40 Td (next ) Tj ET Q q 0 0 0 rg BT 418.32 388.40 Td (seven ) Tj ET Q q 0 0 0 rg BT 447.79 388.40 Td (years.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 367.40 Td (At ) Tj ET Q q 0 0 0 rg BT 84.59 367.40 Td (our ) Tj ET Q q 0 0 0 rg BT 102.19 367.40 Td (Gemini ) Tj ET Q q 0 0 0 rg BT 137.01 367.40 Td (SAGD ) Tj ET Q q 0 0 0 rg BT 168.50 367.40 Td (project, ) Tj ET Q q 0 0 0 rg BT 204.44 367.40 Td (steam ) Tj ET Q q 0 0 0 rg BT 234.82 367.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 285.22 367.40 Td (represents ) Tj ET Q q 0 0 0 rg BT 335.62 367.40 Td (a ) Tj ET Q q 0 0 0 rg BT 344.32 367.40 Td (large ) Tj ET Q q 0 0 0 rg BT 369.71 367.40 Td (proportion ) Tj ET Q q 0 0 0 rg BT 417.88 367.40 Td (of ) Tj ET Q q 0 0 0 rg BT 429.37 367.40 Td (the ) Tj ET Q q 0 0 0 rg BT 446.41 367.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 478.47 367.40 Td (and ) Tj ET Q q 0 0 0 rg BT 498.30 367.40 Td (operating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 355.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 100.71 355.40 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 146.10 355.40 Td (our ) Tj ET Q q 0 0 0 rg BT 163.15 355.40 Td (development ) Tj ET Q q 0 0 0 rg BT 223.00 355.40 Td (plans ) Tj ET Q q 0 0 0 rg BT 249.50 355.40 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 294.90 355.40 Td (that ) Tj ET Q q 0 0 0 rg BT 314.17 355.40 Td (in ) Tj ET Q q 0 0 0 rg BT 324.54 355.40 Td (order ) Tj ET Q q 0 0 0 rg BT 350.48 355.40 Td (to ) Tj ET Q q 0 0 0 rg BT 361.41 355.40 Td (make ) Tj ET Q q 0 0 0 rg BT 388.45 355.40 Td (the ) Tj ET Q q 0 0 0 rg BT 404.95 355.40 Td (most ) Tj ET Q q 0 0 0 rg BT 429.21 355.40 Td (ef) Tj ET Q q 0 0 0 rg BT 437.37 355.40 Td (ficient ) Tj ET Q q 0 0 0 rg BT 466.08 355.40 Td (use ) Tj ET Q q 0 0 0 rg BT 484.80 355.40 Td (of ) Tj ET Q q 0 0 0 rg BT 495.73 355.40 Td (our ) Tj ET Q q 0 0 0 rg BT 512.77 355.40 Td (steam ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.40 Td (generating ) Tj ET Q q 0 0 0 rg BT 120.99 343.40 Td (and ) Tj ET Q q 0 0 0 rg BT 139.40 343.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 151.14 343.40 Td (treating ) Tj ET Q q 0 0 0 rg BT 186.22 343.40 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 226.30 343.40 Td (the ) Tj ET Q q 0 0 0 rg BT 241.93 343.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 272.56 343.40 Td (and ) Tj ET Q q 0 0 0 rg BT 290.97 343.40 Td (steaming ) Tj ET Q q 0 0 0 rg BT 333.28 343.40 Td (of ) Tj ET Q q 0 0 0 rg BT 343.35 343.40 Td (wells ) Tj ET Q q 0 0 0 rg BT 367.30 343.40 Td (would ) Tj ET Q q 0 0 0 rg BT 395.16 343.40 Td (take ) Tj ET Q q 0 0 0 rg BT 415.79 343.40 Td (place ) Tj ET Q q 0 0 0 rg BT 441.43 343.40 Td (over ) Tj ET Q q 0 0 0 rg BT 462.61 343.40 Td (the ) Tj ET Q q 0 0 0 rg BT 478.24 343.40 Td (next ) Tj ET Q q 0 0 0 rg BT 498.87 343.40 Td (28years. ) Tj ET Q q 0 0 0 rg BT 542.78 343.40 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 331.40 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 331.40 Td (e ) Tj ET Q q 0 0 0 rg BT 91.15 331.40 Td (have ) Tj ET Q q 0 0 0 rg BT 117.17 331.40 Td (booked ) Tj ET Q q 0 0 0 rg BT 154.31 331.40 Td (0.6 ) Tj ET Q q 0 0 0 rg BT 172.55 331.40 Td (Mbbls ) Tj ET Q q 0 0 0 rg BT 203.56 331.40 Td (of ) Tj ET Q q 0 0 0 rg BT 216.23 331.40 Td (proved ) Tj ET Q q 0 0 0 rg BT 251.15 331.40 Td (developed ) Tj ET Q q 0 0 0 rg BT 301.63 331.40 Td (non-producing ) Tj ET Q q 0 0 0 rg BT 369.90 331.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 412.58 331.40 Td (and ) Tj ET Q q 0 0 0 rg BT 433.60 331.40 Td (42.4 ) Tj ET Q q 0 0 0 rg BT 457.40 331.40 Td (Mbbls ) Tj ET Q q 0 0 0 rg BT 488.41 331.40 Td (of ) Tj ET Q q 0 0 0 rg BT 501.08 331.40 Td (probable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.40 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 132.05 319.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 173.18 319.40 Td (to ) Tj ET Q q 0 0 0 rg BT 184.29 319.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.97 319.40 Td (Gemini ) Tj ET Q q 0 0 0 rg BT 235.43 319.40 Td (SAGD ) Tj ET Q q 0 0 0 rg BT 266.55 319.40 Td (project. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 72 296.97421875 m 213.19140625 296.97421875 l s q 0 0 0 rg BT 72.00 298.40 Td (Proved ) Tj ET Q q 0 0 0 rg BT 106.46 298.40 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 168.18 298.40 Td (Reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 277.40 Td (The ) Tj ET Q q 0 0 0 rg BT 91.49 277.40 Td (following ) Tj ET Q q 0 0 0 rg BT 132.66 277.40 Td (table ) Tj ET Q q 0 0 0 rg BT 156.60 277.40 Td (discloses, ) Tj ET Q q 0 0 0 rg BT 202.76 277.40 Td (for ) Tj ET Q q 0 0 0 rg BT 216.69 277.40 Td (each ) Tj ET Q q 0 0 0 rg BT 240.63 277.40 Td (product ) Tj ET Q q 0 0 0 rg BT 276.24 277.40 Td (type, ) Tj ET Q q 0 0 0 rg BT 300.18 277.40 Td (the ) Tj ET Q q 0 0 0 rg BT 316.34 277.40 Td (volumes ) Tj ET Q q 0 0 0 rg BT 355.83 277.40 Td (of ) Tj ET Q q 0 0 0 rg BT 366.43 277.40 Td (proved ) Tj ET Q q 0 0 0 rg BT 399.26 277.40 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 458.80 277.40 Td (reserves ) Tj ET Q q 0 0 0 rg BT 499.40 277.40 Td (that ) Tj ET Q q 0 0 0 rg BT 518.34 277.40 Td (were ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 265.40 Td (attributed ) Tj ET Q q 0 0 0 rg BT 116.02 265.40 Td (during, ) Tj ET Q q 0 0 0 rg BT 148.93 265.40 Td (and ) Tj ET Q q 0 0 0 rg BT 167.95 265.40 Td (the ) Tj ET Q q 0 0 0 rg BT 184.18 265.40 Td (volume ) Tj ET Q q 0 0 0 rg BT 218.75 265.40 Td (booked ) Tj ET Q q 0 0 0 rg BT 253.88 265.40 Td (at ) Tj ET Q q 0 0 0 rg BT 264.55 265.40 Td (year-end ) Tj ET Q q 0 0 0 rg BT 306.35 265.40 Td (for) Tj ET Q q 0 0 0 rg BT 317.47 265.40 Td (, ) Tj ET Q q 0 0 0 rg BT 322.58 265.40 Td (the ) Tj ET Q q 0 0 0 rg BT 338.81 265.40 Td (three ) Tj ET Q q 0 0 0 rg BT 363.94 265.40 Td (most ) Tj ET Q q 0 0 0 rg BT 387.94 265.40 Td (recently ) Tj ET Q q 0 0 0 rg BT 425.28 265.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 473.75 265.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 512.77 265.40 Td (years.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 233.89999999999998 m 152.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 233.89999999999998 m 157.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 233.89999999999998 m 207.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 233.89999999999998 m 262.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 233.89999999999998 m 267.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 233.89999999999998 m 317.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 233.89999999999998 m 372.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 233.89999999999998 m 377.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 233.89999999999998 m 427.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 233.89999999999998 m 482.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 233.89999999999998 m 487.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 233.89999999999998 m 537.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 212.89999999999998 m 97.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 212.89999999999998 m 152.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 212.89999999999998 m 207.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 212.89999999999998 m 262.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 212.89999999999998 m 317.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 212.89999999999998 m 372.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 212.89999999999998 m 427.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 212.89999999999998 m 482.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 212.89999999999998 m 537.5 212.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 113.80 246.58 Td (Light and Medium Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 129.80 235.63 Td (Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.35 246.58 Td (T) Tj ET Q q 0 0 0 rg BT 253.09 246.58 Td (ight Oil ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.80 235.63 Td (Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.25 246.13 Td (Heavy Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 238.13 Td ( Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 246.13 Td (Bitumen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.80 238.13 Td (Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 218.13 Td (Y) Tj ET Q q 0 0 0 rg BT 79.89 218.13 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.30 225.58 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.85 217.58 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.65 225.58 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.85 217.58 Td (Y) Tj ET Q q 0 0 0 rg BT 169.97 217.58 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.30 225.58 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.85 217.58 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.65 225.58 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.85 217.58 Td (Y) Tj ET Q q 0 0 0 rg BT 279.97 217.58 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.30 225.58 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.85 217.58 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.65 225.58 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.85 217.58 Td (Y) Tj ET Q q 0 0 0 rg BT 389.74 217.58 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.30 225.58 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.85 217.58 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.65 225.58 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.85 217.58 Td (Y) Tj ET Q q 0 0 0 rg BT 499.74 217.58 Td (ear End) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 204.58 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 141.25 204.58 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 190.95 204.58 Td (308) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.25 204.63 Td (4,561) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.80 204.63 Td (30,472) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 204.63 Td (1,215) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 204.63 Td (18,343) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.25 204.58 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.25 204.63 Td (5,428) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 192.58 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 141.25 192.58 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 190.95 192.58 Td (125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.25 192.63 Td (1,096) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.80 192.63 Td (30,074) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 192.63 Td (4,529) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 192.63 Td (18,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.25 192.58 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.25 192.63 Td (5,428) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 180.58 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 124.80 180.58 Td (40,127) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.80 180.58 Td (40,296) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.25 180.63 Td (1,640) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.80 180.63 Td (33,694) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 180.63 Td (2,646) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 180.63 Td (23,530) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.25 180.58 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.25 180.63 Td (3,126) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 136.89999999999998 m 152.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 136.89999999999998 m 157.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 136.89999999999998 m 207.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 136.89999999999998 m 262.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 136.89999999999998 m 267.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 136.89999999999998 m 317.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 136.89999999999998 m 372.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 136.89999999999998 m 377.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 136.89999999999998 m 427.5 136.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 115.89999999999998 m 97.5 115.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 115.89999999999998 m 152.5 115.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 115.89999999999998 m 207.5 115.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 115.89999999999998 m 262.5 115.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 115.89999999999998 m 317.5 115.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 115.89999999999998 m 372.5 115.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 115.89999999999998 m 427.5 115.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.60 149.58 Td (Conventional Natural Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 127.60 138.63 Td ( Gross \(Mmcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.15 149.13 Td (Shale Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.60 141.13 Td ( Gross \(Mmcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.70 149.13 Td (Natural Gas Liquids) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 141.13 Td ( Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 121.13 Td (Y) Tj ET Q q 0 0 0 rg BT 79.89 121.13 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.30 128.58 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.85 120.58 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.65 128.58 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.85 120.58 Td (Y) Tj ET Q q 0 0 0 rg BT 169.97 120.58 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.30 128.58 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.85 120.58 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.65 128.58 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.85 120.58 Td (Y) Tj ET Q q 0 0 0 rg BT 279.74 120.58 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.30 128.58 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.85 120.58 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.65 128.58 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.85 120.58 Td (Y) Tj ET Q q 0 0 0 rg BT 389.74 120.58 Td (ear End) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 107.58 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.25 107.58 Td (5,038) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.80 107.58 Td (95,264) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.75 107.58 Td (20,050) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.35 107.58 Td (1) Tj ET Q q 0 0 0 rg BT 289.80 107.58 Td (12,899) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 107.63 Td (9,817) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 107.63 Td (54,539) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 95.58 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 129.25 95.58 Td (6,690) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.80 95.58 Td (76,668) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.95 95.58 Td (863) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.35 95.58 Td (1) Tj ET Q q 0 0 0 rg BT 289.80 95.58 Td (1) Tj ET Q q 0 0 0 rg BT 294.25 95.58 Td (1,506) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.95 95.63 Td (918) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 95.63 Td (55,306) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 83.58 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 124.80 83.58 Td (17,728) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.80 83.58 Td (85,134) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.25 83.63 Td (1,905) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.80 83.63 Td (82,257) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.95 83.63 Td (600) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.80 83.63 Td (41,484) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I46 Do Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 72 699.32421875 m 218.7578125 699.32421875 l s q 0 0 0 rg BT 72.00 700.75 Td (Probable ) Tj ET Q q 0 0 0 rg BT 114.81 700.75 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 176.52 700.75 Td (Reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.60 679.75 Td (following ) Tj ET Q q 0 0 0 rg BT 134.88 679.75 Td (table ) Tj ET Q q 0 0 0 rg BT 159.94 679.75 Td (discloses, ) Tj ET Q q 0 0 0 rg BT 207.21 679.75 Td (for ) Tj ET Q q 0 0 0 rg BT 222.25 679.75 Td (each ) Tj ET Q q 0 0 0 rg BT 247.31 679.75 Td (product ) Tj ET Q q 0 0 0 rg BT 284.03 679.75 Td (type, ) Tj ET Q q 0 0 0 rg BT 309.08 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.35 679.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 366.96 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 378.67 679.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 420.96 679.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 481.60 679.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 523.32 679.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (were ) Tj ET Q q 0 0 0 rg BT 96.38 667.75 Td (attributed ) Tj ET Q q 0 0 0 rg BT 140.77 667.75 Td (during, ) Tj ET Q q 0 0 0 rg BT 174.05 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 193.43 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 210.04 667.75 Td (volume ) Tj ET Q q 0 0 0 rg BT 244.97 667.75 Td (booked ) Tj ET Q q 0 0 0 rg BT 280.48 667.75 Td (at ) Tj ET Q q 0 0 0 rg BT 291.52 667.75 Td (year-end ) Tj ET Q q 0 0 0 rg BT 333.69 667.75 Td (for) Tj ET Q q 0 0 0 rg BT 344.81 667.75 Td (, ) Tj ET Q q 0 0 0 rg BT 350.29 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.89 667.75 Td (three ) Tj ET Q q 0 0 0 rg BT 392.39 667.75 Td (most ) Tj ET Q q 0 0 0 rg BT 416.76 667.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 454.47 667.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 503.31 667.75 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (years.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 615.25 m 152.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 615.25 m 157.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 615.25 m 207.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 615.25 m 262.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 615.25 m 267.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 615.25 m 317.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 615.25 m 372.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 615.25 m 377.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 615.25 m 427.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 615.25 m 482.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 615.25 m 487.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 615.25 m 537.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 594.25 m 97.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 594.25 m 152.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 615.25 m 207.5 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 594.25 m 207.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 594.25 m 262.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 594.25 m 317.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 594.25 m 372.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 594.25 m 427.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 594.25 m 482.5 594.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 594.25 m 537.5 594.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 113.80 627.93 Td (Light and Medium Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 129.80 619.93 Td (Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.35 627.93 Td (T) Tj ET Q q 0 0 0 rg BT 253.09 627.93 Td (ight Oil ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.80 619.93 Td (Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.25 627.93 Td (Heavy Oil) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 619.93 Td ( Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 627.93 Td (Bitumen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.80 619.93 Td (Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 599.48 Td (Y) Tj ET Q q 0 0 0 rg BT 79.89 599.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.30 606.93 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.85 598.93 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.65 606.93 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.85 598.93 Td (Y) Tj ET Q q 0 0 0 rg BT 169.97 598.93 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.30 606.93 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.85 598.93 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.65 606.93 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.85 598.93 Td (Y) Tj ET Q q 0 0 0 rg BT 279.97 598.93 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.30 606.93 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.85 598.93 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.65 606.93 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.85 598.93 Td (Y) Tj ET Q q 0 0 0 rg BT 389.74 598.93 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.30 606.93 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.85 598.93 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.65 606.93 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.85 598.93 Td (Y) Tj ET Q q 0 0 0 rg BT 499.74 598.93 Td (ear End) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 585.93 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 137.25 585.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 186.25 585.93 Td (1,120) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 585.98 Td (5,789) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 585.98 Td (5,808) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.25 585.98 Td (2,268) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.80 585.98 Td (20,256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 585.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 585.98 Td (47,219) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 573.93 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 137.25 573.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 192.95 573.93 Td (806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 573.98 Td (2,234) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 573.98 Td (8,51) Tj ET Q q 0 0 0 rg BT 311.82 573.98 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.80 573.98 Td (12,764) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.80 573.98 Td (29,878) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 573.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 573.98 Td (47,137) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 561.93 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 120.80 561.93 Td (12,120) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.80 561.93 Td (12,524) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 561.98 Td (3,060) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.80 561.98 Td (16,145) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.25 561.98 Td (1,984) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.80 561.98 Td (31,295) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.25 561.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.80 561.98 Td (46,535) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 515.25 m 152.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 515.25 m 157.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 515.25 m 207.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 515.25 m 262.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 515.25 m 267.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 515.25 m 317.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 515.25 m 372.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 515.25 m 377.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 515.25 m 427.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 494.25 m 97.5 494.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 102.5 494.25 m 152.5 494.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 494.25 m 207.5 494.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 494.25 m 262.5 494.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 494.25 m 317.5 494.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 494.25 m 372.5 494.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 494.25 m 427.5 494.25 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.60 527.93 Td (Conventional Natural Gas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 127.60 519.93 Td ( Gross \(Mmcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.15 527.93 Td (Shale Gas ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.60 519.93 Td ( Gross \(Mmcf\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.70 527.93 Td (Natural Gas Liquids ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 519.93 Td ( Gross \(Mbbl\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 499.48 Td (Y) Tj ET Q q 0 0 0 rg BT 79.89 499.48 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.30 506.93 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.85 498.93 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.65 506.93 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.85 498.93 Td (Y) Tj ET Q q 0 0 0 rg BT 169.97 498.93 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.30 506.93 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.85 498.93 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.65 506.93 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.85 498.93 Td (Y) Tj ET Q q 0 0 0 rg BT 279.74 498.93 Td (ear End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.30 506.93 Td (First) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.85 498.93 Td (Attributed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.65 506.93 Td (Booked at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.85 498.93 Td (Y) Tj ET Q q 0 0 0 rg BT 389.74 498.93 Td (ear End) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 485.93 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 128.95 485.93 Td (8,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.50 485.93 Td (81,161) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.50 485.93 Td (43,066) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.50 485.93 Td (51,955) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.50 485.93 Td (21,703) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.50 485.93 Td (28,214) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 473.93 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 128.95 473.93 Td (7,996) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.50 473.93 Td (86,334) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 238.95 473.93 Td (6,413) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.50 473.93 Td (68,455) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.95 473.93 Td (1,347) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.50 473.93 Td (35,305) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 461.93 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 128.95 461.93 Td (9,681) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.50 461.93 Td (97,183) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 238.95 461.93 Td (4,866) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.50 461.93 Td (51,670) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.95 461.93 Td (1,252) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.50 461.93 Td (29,398) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (Significant ) Tj ET Q q 0 0 0 rg BT 125.89 436.75 Td (Factors ) Tj ET Q q 0 0 0 rg BT 164.79 436.75 Td (or ) Tj ET Q q 0 0 0 rg BT 177.57 436.75 Td (Uncertainties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 415.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.61 415.75 Td (process ) Tj ET Q q 0 0 0 rg BT 130.99 415.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.71 415.75 Td (estimating ) Tj ET Q q 0 0 0 rg BT 191.66 415.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 233.38 415.75 Td (is ) Tj ET Q q 0 0 0 rg BT 243.97 415.75 Td (complex. ) Tj ET Q q 0 0 0 rg BT 287.36 415.75 Td (It ) Tj ET Q q 0 0 0 rg BT 296.29 415.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 335.79 415.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 383.64 415.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 433.15 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 453.21 415.75 Td (decisions ) Tj ET Q q 0 0 0 rg BT 498.27 415.75 Td (based ) Tj ET Q q 0 0 0 rg BT 528.89 415.75 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 403.75 Td (available ) Tj ET Q q 0 0 0 rg BT 118.12 403.75 Td (geological, ) Tj ET Q q 0 0 0 rg BT 172.59 403.75 Td (geophysical, ) Tj ET Q q 0 0 0 rg BT 234.83 403.75 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 296.52 403.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.86 403.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 369.30 403.75 Td (data. ) Tj ET Q q 0 0 0 rg BT 397.76 403.75 Td (These ) Tj ET Q q 0 0 0 rg BT 432.21 403.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 481.65 403.75 Td (may ) Tj ET Q q 0 0 0 rg BT 507.19 403.75 Td (change ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 391.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 129.65 391.75 Td (as ) Tj ET Q q 0 0 0 rg BT 142.83 391.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 188.27 391.75 Td (data ) Tj ET Q q 0 0 0 rg BT 210.35 391.75 Td (from ) Tj ET Q q 0 0 0 rg BT 232.98 391.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 271.19 391.75 Td (development ) Tj ET Q q 0 0 0 rg BT 331.07 391.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 372.04 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.35 391.75 Td (production ) Tj ET Q q 0 0 0 rg BT 440.67 391.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 499.43 391.75 Td (becomes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 379.75 Td (available ) Tj ET Q q 0 0 0 rg BT 114.25 379.75 Td (and ) Tj ET Q q 0 0 0 rg BT 133.71 379.75 Td (as ) Tj ET Q q 0 0 0 rg BT 147.05 379.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 192.63 379.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 240.44 379.75 Td (impacting ) Tj ET Q q 0 0 0 rg BT 286.01 379.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 298.80 379.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.26 379.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 337.16 379.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 366.61 379.75 Td (and ) Tj ET Q q 0 0 0 rg BT 386.08 379.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 412.20 379.75 Td (change. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 358.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.56 358.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 129.24 358.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 175.37 358.75 Td (contained ) Tj ET Q q 0 0 0 rg BT 222.07 358.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 253.20 358.75 Td (are ) Tj ET Q q 0 0 0 rg BT 270.98 358.75 Td (based ) Tj ET Q q 0 0 0 rg BT 301.56 358.75 Td (on ) Tj ET Q q 0 0 0 rg BT 316.01 358.75 Td (current ) Tj ET Q q 0 0 0 rg BT 350.47 358.75 Td (production ) Tj ET Q q 0 0 0 rg BT 400.50 358.75 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 447.18 358.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 477.19 358.75 Td (and ) Tj ET Q q 0 0 0 rg BT 497.21 358.75 Td (economic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 121.16 346.75 Td (As ) Tj ET Q q 0 0 0 rg BT 134.53 346.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 200.12 346.75 Td (change ) Tj ET Q q 0 0 0 rg BT 234.62 346.75 Td (and ) Tj ET Q q 0 0 0 rg BT 253.00 346.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 297.50 346.75 Td (data ) Tj ET Q q 0 0 0 rg BT 318.66 346.75 Td (becomes ) Tj ET Q q 0 0 0 rg BT 360.93 346.75 Td (available, ) Tj ET Q q 0 0 0 rg BT 404.87 346.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 439.91 346.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 484.39 346.75 Td (also ) Tj ET Q q 0 0 0 rg BT 504.43 346.75 Td (change. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 117.75 334.75 Td (made ) Tj ET Q q 0 0 0 rg BT 144.62 334.75 Td (are ) Tj ET Q q 0 0 0 rg BT 160.92 334.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 202.79 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 221.33 334.75 Td (revised, ) Tj ET Q q 0 0 0 rg BT 258.20 334.75 Td (either ) Tj ET Q q 0 0 0 rg BT 285.06 334.75 Td (upward ) Tj ET Q q 0 0 0 rg BT 319.71 334.75 Td (or ) Tj ET Q q 0 0 0 rg BT 330.46 334.75 Td (downward, ) Tj ET Q q 0 0 0 rg BT 380.67 334.75 Td (as ) Tj ET Q q 0 0 0 rg BT 393.08 334.75 Td (warranted ) Tj ET Q q 0 0 0 rg BT 439.40 334.75 Td (by ) Tj ET Q q 0 0 0 rg BT 451.81 334.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.57 334.75 Td (new ) Tj ET Q q 0 0 0 rg BT 487.76 334.75 Td (information. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (Revisions ) Tj ET Q q 0 0 0 rg BT 118.34 322.75 Td (are ) Tj ET Q q 0 0 0 rg BT 135.79 322.75 Td (often ) Tj ET Q q 0 0 0 rg BT 161.02 322.75 Td (required ) Tj ET Q q 0 0 0 rg BT 200.70 322.75 Td (due ) Tj ET Q q 0 0 0 rg BT 220.37 322.75 Td (to ) Tj ET Q q 0 0 0 rg BT 231.71 322.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 272.50 322.75 Td (in ) Tj ET Q q 0 0 0 rg BT 283.28 322.75 Td (well ) Tj ET Q q 0 0 0 rg BT 303.50 322.75 Td (performance, ) Tj ET Q q 0 0 0 rg BT 365.40 322.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 416.74 322.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 449.18 322.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 494.97 322.75 Td (conditions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 310.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 154.83 310.75 Td (restrictions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 289.75 Td ( ) Tj ET Q q 0 0 0 rg BT 73.81 289.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 115.56 289.75 Td (every ) Tj ET Q q 0 0 0 rg BT 142.27 289.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 194.02 289.75 Td (ef) Tj ET Q q 0 0 0 rg BT 202.18 289.75 Td (fort ) Tj ET Q q 0 0 0 rg BT 218.89 289.75 Td (is ) Tj ET Q q 0 0 0 rg BT 228.38 289.75 Td (made ) Tj ET Q q 0 0 0 rg BT 255.66 289.75 Td (to ) Tj ET Q q 0 0 0 rg BT 266.26 289.75 Td (ensure ) Tj ET Q q 0 0 0 rg BT 299.10 289.75 Td (that ) Tj ET Q q 0 0 0 rg BT 318.04 289.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 353.65 289.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 398.71 289.75 Td (are ) Tj ET Q q 0 0 0 rg BT 415.43 289.75 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 458.82 289.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 494.43 289.75 Td (estimation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 277.75 Td (is ) Tj ET Q q 0 0 0 rg BT 82.30 277.75 Td (an ) Tj ET Q q 0 0 0 rg BT 96.50 277.75 Td (inferential ) Tj ET Q q 0 0 0 rg BT 142.93 277.75 Td (science. ) Tj ET Q q 0 0 0 rg BT 182.08 277.75 Td (As ) Tj ET Q q 0 0 0 rg BT 196.83 277.75 Td (a ) Tj ET Q q 0 0 0 rg BT 205.47 277.75 Td (result, ) Tj ET Q q 0 0 0 rg BT 235.78 277.75 Td (subjective ) Tj ET Q q 0 0 0 rg BT 283.32 277.75 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 330.87 277.75 Td (new ) Tj ET Q q 0 0 0 rg BT 352.29 277.75 Td (geological ) Tj ET Q q 0 0 0 rg BT 400.40 277.75 Td (or ) Tj ET Q q 0 0 0 rg BT 412.37 277.75 Td (production ) Tj ET Q q 0 0 0 rg BT 462.14 277.75 Td (information ) Tj ET Q q 0 0 0 rg BT 514.69 277.75 Td (and ) Tj ET Q q 0 0 0 rg BT 534.45 277.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 265.75 Td (changing ) Tj ET Q q 0 0 0 rg BT 114.94 265.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 172.33 265.75 Td (may ) Tj ET Q q 0 0 0 rg BT 193.57 265.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 225.38 265.75 Td (these ) Tj ET Q q 0 0 0 rg BT 252.19 265.75 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 300.11 265.75 Td (Revisions ) Tj ET Q q 0 0 0 rg BT 345.82 265.75 Td (to ) Tj ET Q q 0 0 0 rg BT 356.51 265.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 392.21 265.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 437.35 265.75 Td (can ) Tj ET Q q 0 0 0 rg BT 455.83 265.75 Td (arise ) Tj ET Q q 0 0 0 rg BT 479.85 265.75 Td (from ) Tj ET Q q 0 0 0 rg BT 502.21 265.75 Td (changes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.21 253.75 Td (year-end ) Tj ET Q q 0 0 0 rg BT 124.11 253.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 136.54 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 155.66 253.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 174.21 253.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 203.32 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 222.43 253.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 263.76 253.75 Td (performance. ) Tj ET Q q 0 0 0 rg BT 325.10 253.75 Td (Such ) Tj ET Q q 0 0 0 rg BT 350.33 253.75 Td (revisions ) Tj ET Q q 0 0 0 rg BT 392.21 253.75 Td (can ) Tj ET Q q 0 0 0 rg BT 410.77 253.75 Td (be ) Tj ET Q q 0 0 0 rg BT 424.32 253.75 Td (either ) Tj ET Q q 0 0 0 rg BT 451.76 253.75 Td (positive ) Tj ET Q q 0 0 0 rg BT 488.10 253.75 Td (or ) Tj ET Q q 0 0 0 rg BT 499.42 253.75 Td (negative. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 232.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.32 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.20 232.75 Td (event ) Tj ET Q q 0 0 0 rg BT 127.65 232.75 Td (that ) Tj ET Q q 0 0 0 rg BT 147.31 232.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 176.96 232.75 Td (for ) Tj ET Q q 0 0 0 rg BT 191.61 232.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 204.60 232.75 Td (and ) Tj ET Q q 0 0 0 rg BT 224.26 232.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 243.37 232.75 Td (are ) Tj ET Q q 0 0 0 rg BT 260.80 232.75 Td (not ) Tj ET Q q 0 0 0 rg BT 277.68 232.75 Td (consistent ) Tj ET Q q 0 0 0 rg BT 325.69 232.75 Td (with ) Tj ET Q q 0 0 0 rg BT 346.45 232.75 Td (those ) Tj ET Q q 0 0 0 rg BT 373.89 232.75 Td (used ) Tj ET Q q 0 0 0 rg BT 398.56 232.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.88 232.75 Td (prepare ) Tj ET Q q 0 0 0 rg BT 447.33 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.21 232.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 497.76 232.75 Td (Reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 220.75 Td (Report, ) Tj ET Q q 0 0 0 rg BT 107.75 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.62 220.75 Td (volume ) Tj ET Q q 0 0 0 rg BT 159.81 220.75 Td (of ) Tj ET Q q 0 0 0 rg BT 171.12 220.75 Td (our ) Tj ET Q q 0 0 0 rg BT 188.53 220.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 232.62 220.75 Td (their ) Tj ET Q q 0 0 0 rg BT 255.03 220.75 Td (net ) Tj ET Q q 0 0 0 rg BT 271.89 220.75 Td (present ) Tj ET Q q 0 0 0 rg BT 308.21 220.75 Td (value ) Tj ET Q q 0 0 0 rg BT 335.08 220.75 Td (and ) Tj ET Q q 0 0 0 rg BT 354.72 220.75 Td (our ) Tj ET Q q 0 0 0 rg BT 372.14 220.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 415.68 220.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 459.78 220.75 Td (will ) Tj ET Q q 0 0 0 rg BT 476.63 220.75 Td (dif) Tj ET Q q 0 0 0 rg BT 487.01 220.75 Td (fer) Tj ET Q q 0 0 0 rg BT 498.13 220.75 Td (, ) Tj ET Q q 0 0 0 rg BT 503.87 220.75 Td (perhaps ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 208.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 117.57 208.75 Td (so, ) Tj ET Q q 0 0 0 rg BT 133.68 208.75 Td (from ) Tj ET Q q 0 0 0 rg BT 156.46 208.75 Td (those ) Tj ET Q q 0 0 0 rg BT 183.70 208.75 Td (stated ) Tj ET Q q 0 0 0 rg BT 213.72 208.75 Td (in ) Tj ET Q q 0 0 0 rg BT 224.29 208.75 Td (the ) Tj ET Q q 0 0 0 rg BT 240.96 208.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 274.31 208.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 319.33 208.75 Td (Report. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 187.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.22 187.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 134.47 187.75 Td (with ) Tj ET Q q 0 0 0 rg BT 155.13 187.75 Td (our ) Tj ET Q q 0 0 0 rg BT 172.46 187.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 224.82 187.75 Td (we ) Tj ET Q q 0 0 0 rg BT 240.48 187.75 Td (will ) Tj ET Q q 0 0 0 rg BT 257.25 187.75 Td (be ) Tj ET Q q 0 0 0 rg BT 271.25 187.75 Td (liable ) Tj ET Q q 0 0 0 rg BT 297.48 187.75 Td (for ) Tj ET Q q 0 0 0 rg BT 312.02 187.75 Td (our ) Tj ET Q q 0 0 0 rg BT 329.36 187.75 Td (share ) Tj ET Q q 0 0 0 rg BT 357.25 187.75 Td (of ) Tj ET Q q 0 0 0 rg BT 368.47 187.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 406.94 187.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 472.63 187.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 523.32 187.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 175.75 Td (for ) Tj ET Q q 0 0 0 rg BT 87.23 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 104.69 175.75 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 143.27 175.75 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 198.52 175.75 Td (of ) Tj ET Q q 0 0 0 rg BT 210.42 175.75 Td (those ) Tj ET Q q 0 0 0 rg BT 238.44 175.75 Td (surface ) Tj ET Q q 0 0 0 rg BT 274.80 175.75 Td (leases, ) Tj ET Q q 0 0 0 rg BT 310.04 175.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 335.83 175.75 Td (and ) Tj ET Q q 0 0 0 rg BT 356.08 175.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 395.20 175.75 Td (held ) Tj ET Q q 0 0 0 rg BT 417.67 175.75 Td (by ) Tj ET Q q 0 0 0 rg BT 431.79 175.75 Td (us ) Tj ET Q q 0 0 0 rg BT 445.92 175.75 Td (which ) Tj ET Q q 0 0 0 rg BT 475.04 175.75 Td (have ) Tj ET Q q 0 0 0 rg BT 500.29 175.75 Td (not ) Tj ET Q q 0 0 0 rg BT 517.75 175.75 Td (been ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 163.75 Td (included ) Tj ET Q q 0 0 0 rg BT 111.54 163.75 Td (in ) Tj ET Q q 0 0 0 rg BT 121.62 163.75 Td (the ) Tj ET Q q 0 0 0 rg BT 137.82 163.75 Td (calculation ) Tj ET Q q 0 0 0 rg BT 187.36 163.75 Td (of ) Tj ET Q q 0 0 0 rg BT 198.00 163.75 Td (future ) Tj ET Q q 0 0 0 rg BT 225.86 163.75 Td (net ) Tj ET Q q 0 0 0 rg BT 242.06 163.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 280.49 163.75 Td (as ) Tj ET Q q 0 0 0 rg BT 293.34 163.75 Td (they ) Tj ET Q q 0 0 0 rg BT 314.54 163.75 Td (are ) Tj ET Q q 0 0 0 rg BT 331.29 163.75 Td (not ) Tj ET Q q 0 0 0 rg BT 347.48 163.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 397.58 163.75 Td (with ) Tj ET Q q 0 0 0 rg BT 417.66 163.75 Td (our ) Tj ET Q q 0 0 0 rg BT 434.41 163.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 477.68 163.75 Td (The ) Tj ET Q q 0 0 0 rg BT 497.20 163.75 Td (additional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 151.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 106.06 151.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 157.91 151.75 Td (with ) Tj ET Q q 0 0 0 rg BT 179.75 151.75 Td (these ) Tj ET Q q 0 0 0 rg BT 208.26 151.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 246.21 151.75 Td (surface ) Tj ET Q q 0 0 0 rg BT 283.05 151.75 Td (leases, ) Tj ET Q q 0 0 0 rg BT 318.79 151.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 345.06 151.75 Td (and ) Tj ET Q q 0 0 0 rg BT 365.79 151.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 405.41 151.75 Td (which ) Tj ET Q q 0 0 0 rg BT 435.02 151.75 Td (was ) Tj ET Q q 0 0 0 rg BT 456.85 151.75 Td (not ) Tj ET Q q 0 0 0 rg BT 474.80 151.75 Td (included ) Tj ET Q q 0 0 0 rg BT 516.10 151.75 Td (when ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 139.75 Td (estimating ) Tj ET Q q 0 0 0 rg BT 119.83 139.75 Td (future ) Tj ET Q q 0 0 0 rg BT 147.65 139.75 Td (net ) Tj ET Q q 0 0 0 rg BT 163.81 139.75 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 204.98 139.75 Td (inflated ) Tj ET Q q 0 0 0 rg BT 239.48 139.75 Td (at ) Tj ET Q q 0 0 0 rg BT 250.07 139.75 Td (2% ) Tj ET Q q 0 0 0 rg BT 266.78 139.75 Td (per ) Tj ET Q q 0 0 0 rg BT 283.48 139.75 Td (year) Tj ET Q q 0 0 0 rg BT 302.39 139.75 Td (, ) Tj ET Q q 0 0 0 rg BT 307.42 139.75 Td (is ) Tj ET Q q 0 0 0 rg BT 316.89 139.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 362.50 139.75 Td (to ) Tj ET Q q 0 0 0 rg BT 373.09 139.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.47 139.75 Td ($727.8 ) Tj ET Q q 0 0 0 rg BT 419.31 139.75 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.65 139.75 Td ( ) Tj ET Q q 0 0 0 rg BT 449.90 139.75 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 511.65 139.75 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.98 139.75 Td ($56.6 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 127.75 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.34 127.75 Td ( ) Tj ET Q q 0 0 0 rg BT 103.12 127.75 Td (discounted ) Tj ET Q q 0 0 0 rg BT 154.27 127.75 Td (at ) Tj ET Q q 0 0 0 rg BT 165.38 127.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 179.29 127.75 Td (percent\).) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I47 Do Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (30) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Future ) Tj ET Q q 0 0 0 rg BT 105.89 712.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 171.46 712.75 Td (Costs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (The ) Tj ET Q q 0 0 0 rg BT 93.56 691.75 Td (following ) Tj ET Q q 0 0 0 rg BT 136.80 691.75 Td (table ) Tj ET Q q 0 0 0 rg BT 162.82 691.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 185.49 691.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 209.83 691.75 Td (development ) Tj ET Q q 0 0 0 rg BT 271.42 691.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 299.09 691.75 Td (deducted ) Tj ET Q q 0 0 0 rg BT 344.57 691.75 Td (in ) Tj ET Q q 0 0 0 rg BT 356.69 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 374.92 691.75 Td (estimation ) Tj ET Q q 0 0 0 rg BT 424.83 691.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.50 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 455.73 691.75 Td (future ) Tj ET Q q 0 0 0 rg BT 485.63 691.75 Td (net ) Tj ET Q q 0 0 0 rg BT 503.87 691.75 Td (revenue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 124.26 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 135.37 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 152.05 679.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 188.18 679.75 Td (categories ) Tj ET Q q 0 0 0 rg BT 237.09 679.75 Td (noted ) Tj ET Q q 0 0 0 rg BT 264.90 679.75 Td (below ) Tj ET Q q 0 0 0 rg BT 293.80 679.75 Td (\(using ) Tj ET Q q 0 0 0 rg BT 323.82 679.75 Td (forecast ) Tj ET Q q 0 0 0 rg BT 362.17 679.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 391.62 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 411.08 679.75 Td (costs\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.45 659.95 Td (FUTURE DEVELOPMENT COSTS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.45 649.15 Td (AS OF DECEMBER31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.65 638.35 Td (FORECAST PRICES ) Tj ET Q q 0 0 0 rg BT 323.33 638.35 Td (AND COSTS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.45 627.55 Td (\($000s\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 605.05 m 213 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213 605.05 m 223 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 605.05 m 281 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 605.05 m 336 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 605.05 m 346 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 605.05 m 403 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 605.05 m 457 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 605.05 m 467 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 605.05 m 525 605.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 577.05 m 213 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 577.05 m 281 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 577.05 m 336 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 577.05 m 403 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 577.05 m 457 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 577.05 m 525 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 577.05 m 213 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 577.05 m 281 577.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 494.05 m 213 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 494.05 m 281 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 494.05 m 213 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 473.05 m 213 473.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 494.05 m 281 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 473.05 m 281 473.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 494.05 m 336 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 473.05 m 336 473.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 494.05 m 403 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 473.05 m 403 473.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 494.05 m 457 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 473.05 m 457 473.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 494.05 m 525 494.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 473.05 m 525 473.05 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.30 608.73 Td (CANADA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.30 608.73 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 357.23 608.73 Td (A) Tj ET Q q 0 0 0 rg BT 362.41 608.73 Td (TES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.60 608.73 Td (T) Tj ET Q q 0 0 0 rg BT 460.41 608.73 Td (OT) Tj ET Q q 0 0 0 rg BT 471.15 608.73 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.90 589.28 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 172.70 581.28 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.60 596.73 Td (Proved plus) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.35 588.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.70 580.73 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.40 589.28 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.20 581.28 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 596.73 Td (Proved plus) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.85 588.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.20 580.73 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.90 589.28 Td (Proved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.70 581.28 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.60 596.73 Td (Proved plus) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.35 588.73 Td (Probable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.70 580.73 Td (Reserves) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.10 557.73 Td (2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.85 557.73 Td (302,027) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.85 557.73 Td (361,583) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.85 557.73 Td (129,181) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.80 557.73 Td (144,727) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.80 557.73 Td (431,208) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 557.73 Td (506,309) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.10 545.73 Td (2020) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.85 545.73 Td (457,359) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.85 545.73 Td (633,766) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.85 545.73 Td (292,260) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.80 545.73 Td (292,260) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.80 545.73 Td (749,619) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 545.73 Td (926,025) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.10 533.73 Td (2021) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.85 533.73 Td (400,568) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.85 533.73 Td (487,702) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.85 533.73 Td (264,263) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.80 533.73 Td (264,263) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.80 533.73 Td (664,831) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 533.73 Td (751,965) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.10 521.73 Td (2022) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.85 521.73 Td (276,701) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.85 521.73 Td (451,347) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.85 521.73 Td (273,975) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.80 521.73 Td (273,975) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.80 521.73 Td (550,676) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 521.73 Td (725,323) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.10 509.73 Td (2023) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 185.30 509.73 Td (10,499) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.85 509.73 Td (216,289) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.85 509.73 Td (240,502) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.80 509.73 Td (241,144) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.80 509.73 Td (251,002) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 509.73 Td (457,433) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 102.85 497.73 Td (Remaining) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.75 497.73 Td (1,414) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.85 497.73 Td (308,388) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 308.30 497.78 Td (16,398) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.80 497.73 Td (559,839) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.30 497.78 Td (17,812) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 497.73 Td (868,227) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.55 485.28 Td (T) Tj ET Q q 0 0 0 rg BT 117.55 485.28 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.50 477.28 Td (\(undiscounted\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 174.20 481.58 Td (1,448,569) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.20 481.53 Td (2,459,074) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.20 481.53 Td (1,216,580) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.20 481.58 Td (1,776,209) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.20 481.58 Td (2,665,148) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.20 481.58 Td (4,235,283) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 449.55 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 449.55 Td (e ) Tj ET Q q 0 0 0 rg BT 88.84 449.55 Td (expect ) Tj ET Q q 0 0 0 rg BT 120.33 449.55 Td (to ) Tj ET Q q 0 0 0 rg BT 130.69 449.55 Td (fund ) Tj ET Q q 0 0 0 rg BT 152.17 449.55 Td (the ) Tj ET Q q 0 0 0 rg BT 168.10 449.55 Td (development ) Tj ET Q q 0 0 0 rg BT 227.38 449.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 252.74 449.55 Td (of ) Tj ET Q q 0 0 0 rg BT 263.11 449.55 Td (our ) Tj ET Q q 0 0 0 rg BT 279.58 449.55 Td (reserves ) Tj ET Q q 0 0 0 rg BT 319.95 449.55 Td (through ) Tj ET Q q 0 0 0 rg BT 355.89 449.55 Td (a ) Tj ET Q q 0 0 0 rg BT 363.47 449.55 Td (combination ) Tj ET Q q 0 0 0 rg BT 419.42 449.55 Td (of ) Tj ET Q q 0 0 0 rg BT 429.78 449.55 Td (internally ) Tj ET Q q 0 0 0 rg BT 471.82 449.55 Td (generated ) Tj ET Q q 0 0 0 rg BT 518.88 449.55 Td (cash ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 437.55 Td (flow) Tj ET Q q 0 0 0 rg BT 89.23 437.55 Td (, ) Tj ET Q q 0 0 0 rg BT 93.52 437.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 114.50 437.55 Td (and ) Tj ET Q q 0 0 0 rg BT 132.70 437.55 Td (equity ) Tj ET Q q 0 0 0 rg BT 160.89 437.55 Td (financing. ) Tj ET Q q 0 0 0 rg BT 205.21 437.55 Td (Planned ) Tj ET Q q 0 0 0 rg BT 243.42 437.55 Td (activity ) Tj ET Q q 0 0 0 rg BT 275.50 437.55 Td (levels ) Tj ET Q q 0 0 0 rg BT 302.58 437.55 Td (vary ) Tj ET Q q 0 0 0 rg BT 322.98 437.55 Td (each ) Tj ET Q q 0 0 0 rg BT 346.18 437.55 Td (year ) Tj ET Q q 0 0 0 rg BT 367.15 437.55 Td (due ) Tj ET Q q 0 0 0 rg BT 385.34 437.55 Td (to ) Tj ET Q q 0 0 0 rg BT 395.20 437.55 Td (factors ) Tj ET Q q 0 0 0 rg BT 426.72 437.55 Td (such ) Tj ET Q q 0 0 0 rg BT 449.35 437.55 Td (as ) Tj ET Q q 0 0 0 rg BT 461.43 437.55 Td (capital ) Tj ET Q q 0 0 0 rg BT 491.85 437.55 Td (availability) Tj ET Q q 0 0 0 rg BT 537.24 437.55 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 425.55 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 117.58 425.55 Td (commodity ) Tj ET Q q 0 0 0 rg BT 168.70 425.55 Td (prices ) Tj ET Q q 0 0 0 rg BT 198.16 425.55 Td (and ) Tj ET Q q 0 0 0 rg BT 217.62 425.55 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 264.87 425.55 Td (processes.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 404.55 Td (There ) Tj ET Q q 0 0 0 rg BT 100.67 404.55 Td (can ) Tj ET Q q 0 0 0 rg BT 119.33 404.55 Td (be ) Tj ET Q q 0 0 0 rg BT 133.00 404.55 Td (no ) Tj ET Q q 0 0 0 rg BT 146.66 404.55 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 194.24 404.55 Td (that ) Tj ET Q q 0 0 0 rg BT 213.47 404.55 Td (funds ) Tj ET Q q 0 0 0 rg BT 240.47 404.55 Td (will ) Tj ET Q q 0 0 0 rg BT 256.90 404.55 Td (be ) Tj ET Q q 0 0 0 rg BT 270.57 404.55 Td (available ) Tj ET Q q 0 0 0 rg BT 312.58 404.55 Td (or ) Tj ET Q q 0 0 0 rg BT 324.02 404.55 Td (that ) Tj ET Q q 0 0 0 rg BT 343.24 404.55 Td (our ) Tj ET Q q 0 0 0 rg BT 360.23 404.55 Td (Board ) Tj ET Q q 0 0 0 rg BT 389.46 404.55 Td (of ) Tj ET Q q 0 0 0 rg BT 400.34 404.55 Td (Directors ) Tj ET Q q 0 0 0 rg BT 442.89 404.55 Td (will ) Tj ET Q q 0 0 0 rg BT 459.32 404.55 Td (allocate ) Tj ET Q q 0 0 0 rg BT 496.33 404.55 Td (funding ) Tj ET Q q 0 0 0 rg BT 531.68 404.55 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 392.55 Td (develop ) Tj ET Q q 0 0 0 rg BT 109.08 392.55 Td (all ) Tj ET Q q 0 0 0 rg BT 121.13 392.55 Td (of ) Tj ET Q q 0 0 0 rg BT 131.51 392.55 Td (the ) Tj ET Q q 0 0 0 rg BT 147.46 392.55 Td (reserves ) Tj ET Q q 0 0 0 rg BT 187.85 392.55 Td (attributed ) Tj ET Q q 0 0 0 rg BT 231.60 392.55 Td (in ) Tj ET Q q 0 0 0 rg BT 241.43 392.55 Td (the ) Tj ET Q q 0 0 0 rg BT 257.37 392.55 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 289.99 392.55 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 334.28 392.55 Td (Report. ) Tj ET Q q 0 0 0 rg BT 369.12 392.55 Td (Failure ) Tj ET Q q 0 0 0 rg BT 401.73 392.55 Td (to ) Tj ET Q q 0 0 0 rg BT 412.12 392.55 Td (develop ) Tj ET Q q 0 0 0 rg BT 449.19 392.55 Td (those ) Tj ET Q q 0 0 0 rg BT 475.70 392.55 Td (reserves ) Tj ET Q q 0 0 0 rg BT 516.09 392.55 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 380.55 Td (have ) Tj ET Q q 0 0 0 rg BT 96.46 380.55 Td (a ) Tj ET Q q 0 0 0 rg BT 104.80 380.55 Td (negative ) Tj ET Q q 0 0 0 rg BT 145.39 380.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 177.62 380.55 Td (on ) Tj ET Q q 0 0 0 rg BT 191.52 380.55 Td (our ) Tj ET Q q 0 0 0 rg BT 208.75 380.55 Td (future ) Tj ET Q q 0 0 0 rg BT 237.10 380.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.00 380.55 Td (flow) Tj ET Q q 0 0 0 rg BT 278.24 380.55 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 359.55 Td (The ) Tj ET Q q 0 0 0 rg BT 93.25 359.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 130.06 359.55 Td (or ) Tj ET Q q 0 0 0 rg BT 142.97 359.55 Td (other ) Tj ET Q q 0 0 0 rg BT 169.78 359.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 197.14 359.55 Td (of ) Tj ET Q q 0 0 0 rg BT 209.50 359.55 Td (external ) Tj ET Q q 0 0 0 rg BT 249.09 359.55 Td (funding ) Tj ET Q q 0 0 0 rg BT 285.92 359.55 Td (are ) Tj ET Q q 0 0 0 rg BT 304.39 359.55 Td (not ) Tj ET Q q 0 0 0 rg BT 322.31 359.55 Td (included ) Tj ET Q q 0 0 0 rg BT 363.58 359.55 Td (in ) Tj ET Q q 0 0 0 rg BT 375.38 359.55 Td (the ) Tj ET Q q 0 0 0 rg BT 393.30 359.55 Td (reserves ) Tj ET Q q 0 0 0 rg BT 435.66 359.55 Td (and ) Tj ET Q q 0 0 0 rg BT 456.36 359.55 Td (future ) Tj ET Q q 0 0 0 rg BT 485.95 359.55 Td (net ) Tj ET Q q 0 0 0 rg BT 503.87 359.55 Td (revenue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 347.55 Td (estimates ) Tj ET Q q 0 0 0 rg BT 118.09 347.55 Td (set ) Tj ET Q q 0 0 0 rg BT 134.72 347.55 Td (forth ) Tj ET Q q 0 0 0 rg BT 158.02 347.55 Td (herein ) Tj ET Q q 0 0 0 rg BT 189.11 347.55 Td (and ) Tj ET Q q 0 0 0 rg BT 209.09 347.55 Td (would ) Tj ET Q q 0 0 0 rg BT 238.51 347.55 Td (reduce ) Tj ET Q q 0 0 0 rg BT 272.38 347.55 Td (reserves ) Tj ET Q q 0 0 0 rg BT 314.01 347.55 Td (and ) Tj ET Q q 0 0 0 rg BT 333.99 347.55 Td (future ) Tj ET Q q 0 0 0 rg BT 362.85 347.55 Td (net ) Tj ET Q q 0 0 0 rg BT 380.05 347.55 Td (revenue ) Tj ET Q q 0 0 0 rg BT 419.48 347.55 Td (to ) Tj ET Q q 0 0 0 rg BT 431.11 347.55 Td (some ) Tj ET Q q 0 0 0 rg BT 458.86 347.55 Td (degree ) Tj ET Q q 0 0 0 rg BT 493.29 347.55 Td (depending ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 335.55 Td (upon ) Tj ET Q q 0 0 0 rg BT 96.94 335.55 Td (the ) Tj ET Q q 0 0 0 rg BT 113.53 335.55 Td (funding ) Tj ET Q q 0 0 0 rg BT 149.03 335.55 Td (sources ) Tj ET Q q 0 0 0 rg BT 186.74 335.55 Td (utilized ) Tj ET Q q 0 0 0 rg BT 220.55 335.55 Td (and ) Tj ET Q q 0 0 0 rg BT 239.93 335.55 Td (the ) Tj ET Q q 0 0 0 rg BT 256.52 335.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 282.55 335.55 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 319.16 335.55 Td ( ) Tj ET Q q 0 0 0 rg BT 321.85 335.55 Td (W) Tj ET Q q 0 0 0 rg BT 331.11 335.55 Td (e ) Tj ET Q q 0 0 0 rg BT 339.36 335.55 Td (do ) Tj ET Q q 0 0 0 rg BT 353.17 335.55 Td (not ) Tj ET Q q 0 0 0 rg BT 369.77 335.55 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 415.27 335.55 Td (that ) Tj ET Q q 0 0 0 rg BT 434.64 335.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 470.12 335.55 Td (or ) Tj ET Q q 0 0 0 rg BT 481.70 335.55 Td (other ) Tj ET Q q 0 0 0 rg BT 507.19 335.55 Td (funding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 323.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 98.12 323.55 Td (would ) Tj ET Q q 0 0 0 rg BT 127.02 323.55 Td (make ) Tj ET Q q 0 0 0 rg BT 154.26 323.55 Td (development ) Tj ET Q q 0 0 0 rg BT 214.29 323.55 Td (of ) Tj ET Q q 0 0 0 rg BT 225.41 323.55 Td (any ) Tj ET Q q 0 0 0 rg BT 244.31 323.55 Td (of ) Tj ET Q q 0 0 0 rg BT 255.43 323.55 Td (these ) Tj ET Q q 0 0 0 rg BT 282.67 323.55 Td (properties ) Tj ET Q q 0 0 0 rg BT 329.92 323.55 Td (uneconomic.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I48 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 268.85 290.55 Td (RISK F) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 301.08 290.55 Td (ACT) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 321.45 290.55 Td (ORS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 266.55 Td (Y) Tj ET Q q 0 0 0 rg BT 77.75 266.55 Td (ou ) Tj ET Q q 0 0 0 rg BT 92.27 266.55 Td (should ) Tj ET Q q 0 0 0 rg BT 125.12 266.55 Td (carefully ) Tj ET Q q 0 0 0 rg BT 165.75 266.55 Td (consider ) Tj ET Q q 0 0 0 rg BT 206.94 266.55 Td (the ) Tj ET Q q 0 0 0 rg BT 224.23 266.55 Td (following ) Tj ET Q q 0 0 0 rg BT 266.53 266.55 Td (risk ) Tj ET Q q 0 0 0 rg BT 285.47 266.55 Td (factors, ) Tj ET Q q 0 0 0 rg BT 321.65 266.55 Td (as ) Tj ET Q q 0 0 0 rg BT 335.60 266.55 Td (well ) Tj ET Q q 0 0 0 rg BT 356.22 266.55 Td (as ) Tj ET Q q 0 0 0 rg BT 370.17 266.55 Td (the ) Tj ET Q q 0 0 0 rg BT 387.46 266.55 Td (other ) Tj ET Q q 0 0 0 rg BT 413.65 266.55 Td (information ) Tj ET Q q 0 0 0 rg BT 466.50 266.55 Td (contained ) Tj ET Q q 0 0 0 rg BT 513.26 266.55 Td (in ) Tj ET Q q 0 0 0 rg BT 524.44 266.55 Td (this ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 254.55 Td (Annual ) Tj ET Q q 0 0 0 rg BT 106.54 254.55 Td (Information ) Tj ET Q q 0 0 0 rg BT 159.97 254.55 Td (Form ) Tj ET Q q 0 0 0 rg BT 186.70 254.55 Td (and ) Tj ET Q q 0 0 0 rg BT 206.79 254.55 Td (our ) Tj ET Q q 0 0 0 rg BT 224.64 254.55 Td (other ) Tj ET Q q 0 0 0 rg BT 250.84 254.55 Td (public ) Tj ET Q q 0 0 0 rg BT 280.37 254.55 Td (filings ) Tj ET Q q 0 0 0 rg BT 309.34 254.55 Td (before ) Tj ET Q q 0 0 0 rg BT 341.09 254.55 Td (making ) Tj ET Q q 0 0 0 rg BT 376.73 254.55 Td (an ) Tj ET Q q 0 0 0 rg BT 391.26 254.55 Td (investment ) Tj ET Q q 0 0 0 rg BT 443.01 254.55 Td (decision. ) Tj ET Q q 0 0 0 rg BT 485.88 254.55 Td (If ) Tj ET Q q 0 0 0 rg BT 494.84 254.55 Td (any ) Tj ET Q q 0 0 0 rg BT 514.37 254.55 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 254.55 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 242.55 Td (risks ) Tj ET Q q 0 0 0 rg BT 96.07 242.55 Td (described ) Tj ET Q q 0 0 0 rg BT 142.95 242.55 Td (below ) Tj ET Q q 0 0 0 rg BT 172.59 242.55 Td (materialize, ) Tj ET Q q 0 0 0 rg BT 227.24 242.55 Td (our ) Tj ET Q q 0 0 0 rg BT 245.21 242.55 Td (business, ) Tj ET Q q 0 0 0 rg BT 290.97 242.55 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 341.75 242.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.95 242.55 Td (condition, ) Tj ET Q q 0 0 0 rg BT 428.28 242.55 Td (results ) Tj ET Q q 0 0 0 rg BT 461.25 242.55 Td (of ) Tj ET Q q 0 0 0 rg BT 473.11 242.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 523.32 242.55 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 230.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.45 230.55 Td (flow ) Tj ET Q q 0 0 0 rg BT 117.55 230.55 Td (could ) Tj ET Q q 0 0 0 rg BT 144.78 230.55 Td (be ) Tj ET Q q 0 0 0 rg BT 159.22 230.55 Td (materially ) Tj ET Q q 0 0 0 rg BT 205.33 230.55 Td (and ) Tj ET Q q 0 0 0 rg BT 225.34 230.55 Td (adversely ) Tj ET Q q 0 0 0 rg BT 271.46 230.55 Td (af) Tj ET Q q 0 0 0 rg BT 279.62 230.55 Td (fected, ) Tj ET Q q 0 0 0 rg BT 312.96 230.55 Td (which ) Tj ET Q q 0 0 0 rg BT 341.85 230.55 Td (may ) Tj ET Q q 0 0 0 rg BT 364.07 230.55 Td (materially ) Tj ET Q q 0 0 0 rg BT 410.18 230.55 Td (af) Tj ET Q q 0 0 0 rg BT 418.33 230.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 437.78 230.55 Td (the ) Tj ET Q q 0 0 0 rg BT 455.00 230.55 Td (market ) Tj ET Q q 0 0 0 rg BT 488.88 230.55 Td (price ) Tj ET Q q 0 0 0 rg BT 513.88 230.55 Td (of ) Tj ET Q q 0 0 0 rg BT 525.54 230.55 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 218.55 Td (securities. ) Tj ET Q q 0 0 0 rg BT 119.21 218.55 Td (Additional ) Tj ET Q q 0 0 0 rg BT 165.87 218.55 Td (risks ) Tj ET Q q 0 0 0 rg BT 189.17 218.55 Td (and ) Tj ET Q q 0 0 0 rg BT 208.59 218.55 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 268.04 218.55 Td (not ) Tj ET Q q 0 0 0 rg BT 284.68 218.55 Td (currently ) Tj ET Q q 0 0 0 rg BT 325.76 218.55 Td (known ) Tj ET Q q 0 0 0 rg BT 357.41 218.55 Td (to ) Tj ET Q q 0 0 0 rg BT 368.49 218.55 Td (us ) Tj ET Q q 0 0 0 rg BT 381.80 218.55 Td (that ) Tj ET Q q 0 0 0 rg BT 401.22 218.55 Td (we ) Tj ET Q q 0 0 0 rg BT 416.74 218.55 Td (currently ) Tj ET Q q 0 0 0 rg BT 457.83 218.55 Td (view ) Tj ET Q q 0 0 0 rg BT 480.58 218.55 Td (as ) Tj ET Q q 0 0 0 rg BT 493.88 218.55 Td (immaterial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 206.55 Td (may ) Tj ET Q q 0 0 0 rg BT 94.79 206.55 Td (also ) Tj ET Q q 0 0 0 rg BT 117.04 206.55 Td (materially ) Tj ET Q q 0 0 0 rg BT 163.73 206.55 Td (and ) Tj ET Q q 0 0 0 rg BT 184.31 206.55 Td (adversely ) Tj ET Q q 0 0 0 rg BT 231.01 206.55 Td (af) Tj ET Q q 0 0 0 rg BT 239.17 206.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 259.19 206.55 Td (us. ) Tj ET Q q 0 0 0 rg BT 276.43 206.55 Td (Residents ) Tj ET Q q 0 0 0 rg BT 324.79 206.55 Td (of ) Tj ET Q q 0 0 0 rg BT 337.04 206.55 Td (the ) Tj ET Q q 0 0 0 rg BT 354.84 206.55 Td (United ) Tj ET Q q 0 0 0 rg BT 387.64 206.55 Td (States ) Tj ET Q q 0 0 0 rg BT 419.89 206.55 Td (and ) Tj ET Q q 0 0 0 rg BT 440.48 206.55 Td (other ) Tj ET Q q 0 0 0 rg BT 467.17 206.55 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 531.66 206.55 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 194.55 Td (Canada ) Tj ET Q q 0 0 0 rg BT 109.41 194.55 Td (should ) Tj ET Q q 0 0 0 rg BT 141.26 194.55 Td (have ) Tj ET Q q 0 0 0 rg BT 165.32 194.55 Td (additional ) Tj ET Q q 0 0 0 rg BT 210.51 194.55 Td (regard ) Tj ET Q q 0 0 0 rg BT 241.80 194.55 Td (to ) Tj ET Q q 0 0 0 rg BT 252.52 194.55 Td (the ) Tj ET Q q 0 0 0 rg BT 268.80 194.55 Td (risk ) Tj ET Q q 0 0 0 rg BT 286.73 194.55 Td (factors ) Tj ET Q q 0 0 0 rg BT 319.12 194.55 Td (under ) Tj ET Q q 0 0 0 rg BT 347.07 194.55 Td (the ) Tj ET Q q 0 0 0 rg BT 363.35 194.55 Td (heading ) Tj ET Q q 0 0 0 rg BT 401.32 194.55 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 404.87 194.55 Td (Certain) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.11 194.55 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 439.49 194.55 Td (Risks ) Tj ET Q q 0 0 0 rg BT 466.31 194.55 Td (for ) Tj ET Q q 0 0 0 rg BT 480.36 194.55 Td (United ) Tj ET Q q 0 0 0 rg BT 511.65 194.55 Td (States ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 182.55 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 182.55 Td (other ) Tj ET Q q 0 0 0 rg BT 117.03 182.55 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 175.40 182.55 Td (Shareholders".) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 161.55 Td (The ) Tj ET Q q 0 0 0 rg BT 91.80 161.55 Td (information ) Tj ET Q q 0 0 0 rg BT 143.83 161.55 Td (set ) Tj ET Q q 0 0 0 rg BT 159.73 161.55 Td (forth ) Tj ET Q q 0 0 0 rg BT 182.30 161.55 Td (below ) Tj ET Q q 0 0 0 rg BT 211.00 161.55 Td (contains ) Tj ET Q q 0 0 0 rg BT 250.81 161.55 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 321.73 161.55 Td (statements, ) Tj ET Q q 0 0 0 rg BT 375.99 161.55 Td (which ) Tj ET Q q 0 0 0 rg BT 404.12 161.55 Td (are ) Tj ET Q q 0 0 0 rg BT 421.14 161.55 Td (qualified ) Tj ET Q q 0 0 0 rg BT 460.95 161.55 Td (by ) Tj ET Q q 0 0 0 rg BT 474.08 161.55 Td (the ) Tj ET Q q 0 0 0 rg BT 490.54 161.55 Td (information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 149.55 Td (contained ) Tj ET Q q 0 0 0 rg BT 117.31 149.55 Td (in ) Tj ET Q q 0 0 0 rg BT 127.02 149.55 Td (the ) Tj ET Q q 0 0 0 rg BT 142.86 149.55 Td (section ) Tj ET Q q 0 0 0 rg BT 176.48 149.55 Td (of ) Tj ET Q q 0 0 0 rg BT 186.76 149.55 Td (this ) Tj ET Q q 0 0 0 rg BT 203.87 149.55 Td (Annual ) Tj ET Q q 0 0 0 rg BT 236.94 149.55 Td (Information ) Tj ET Q q 0 0 0 rg BT 288.91 149.55 Td (Form ) Tj ET Q q 0 0 0 rg BT 314.17 149.55 Td (entitled ) Tj ET Q q 0 0 0 rg BT 348.35 149.55 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 351.90 149.55 Td (Special ) Tj ET Q q 0 0 0 rg BT 386.64 149.55 Td (Notes ) Tj ET Q q 0 0 0 rg BT 414.70 149.55 Td (to ) Tj ET Q q 0 0 0 rg BT 424.97 149.55 Td (Reader ) Tj ET Q q 0 0 0 rg BT 459.71 149.55 Td (- ) Tj ET Q q 0 0 0 rg BT 464.97 149.55 Td (Forward-Looking ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 137.55 Td (Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.58 137.55 Td (".) 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0 rg BT 194.48 589.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 239.21 589.75 Td (of ) Tj ET Q q 0 0 0 rg BT 252.26 589.75 Td (the ) Tj ET Q q 0 0 0 rg BT 270.86 589.75 Td (Canadian, ) Tj ET Q q 0 0 0 rg BT 321.16 589.75 Td (United ) Tj ET Q q 0 0 0 rg BT 354.77 589.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 390.61 589.75 Td (European ) Tj ET Q q 0 0 0 rg BT 438.68 589.75 Td (and ) Tj ET Q q 0 0 0 rg BT 459.14 589.75 Td (Asian ) Tj ET Q q 0 0 0 rg BT 488.86 589.75 Td (economies, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 577.75 Td (government ) Tj ET Q q 0 0 0 rg BT 127.76 577.75 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 177.41 577.75 Td (political ) Tj ET Q q 0 0 0 rg BT 213.71 577.75 Td (stability ) Tj ET Q q 0 0 0 rg BT 250.00 577.75 Td (in ) Tj ET Q q 0 0 0 rg BT 260.74 577.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.59 577.75 Td (Middle ) Tj ET Q q 0 0 0 rg BT 310.00 577.75 Td (East ) Tj ET Q q 0 0 0 rg BT 332.96 577.75 Td (and ) Tj ET Q q 0 0 0 rg BT 352.59 577.75 Td (elsewhere, ) Tj ET Q q 0 0 0 rg BT 403.90 577.75 Td (the ) Tj ET Q q 0 0 0 rg BT 420.76 577.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 452.61 577.75 Td (of ) Tj ET Q q 0 0 0 rg BT 463.90 577.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 491.87 577.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 504.82 577.75 Td (in ) Tj ET Q q 0 0 0 rg BT 515.56 577.75 Td (North ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 565.75 Td (America ) Tj ET Q q 0 0 0 rg BT 112.45 565.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.91 565.75 Td (internationally) Tj ET Q q 0 0 0 rg BT 193.87 565.75 Td (, ) Tj ET Q q 0 0 0 rg BT 200.42 565.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.09 565.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 247.43 565.75 Td (to ) Tj ET Q q 0 0 0 rg BT 259.54 565.75 Td (secure ) Tj ET Q q 0 0 0 rg BT 293.33 565.75 Td (adequate ) Tj ET Q q 0 0 0 rg BT 338.81 565.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 403.73 565.75 Td (for ) Tj ET Q q 0 0 0 rg BT 419.18 565.75 Td (products, ) Tj ET Q q 0 0 0 rg BT 464.08 565.75 Td (the ) Tj ET Q q 0 0 0 rg BT 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rg BT 98.99 541.75 Td (America ) Tj ET Q q 0 0 0 rg BT 138.83 541.75 Td (by ) Tj ET Q q 0 0 0 rg BT 152.56 541.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 184.64 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 204.49 541.75 Td (demand, ) Tj ET Q q 0 0 0 rg BT 246.57 541.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 285.32 541.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 336.29 541.75 Td (industrial ) Tj ET Q q 0 0 0 rg BT 379.48 541.75 Td (demand, ) Tj ET Q q 0 0 0 rg BT 421.56 541.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 451.40 541.75 Td (of ) Tj ET Q q 0 0 0 rg BT 462.91 541.75 Td (alternate ) Tj ET Q q 0 0 0 rg BT 504.99 541.75 Td (sources ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.15 529.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 116.53 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.02 529.75 Td (developments ) Tj ET Q q 0 0 0 rg BT 201.09 529.75 Td (related ) Tj ET Q q 0 0 0 rg BT 234.48 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 245.63 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 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0 0 0 rg BT 269.42 517.75 Td (price ) Tj ET Q q 0 0 0 rg BT 293.49 517.75 Td (volatility) Tj ET Q q 0 0 0 rg BT 328.31 517.75 Td (. ) Tj ET Q q 0 0 0 rg BT 333.49 517.75 Td (Fluctuations ) Tj ET Q q 0 0 0 rg BT 389.80 517.75 Td (in ) Tj ET Q q 0 0 0 rg BT 399.98 517.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 440.72 517.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 486.48 517.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 511.11 517.75 Td (further ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (compound ) Tj ET Q q 0 0 0 rg BT 120.12 505.75 Td (this ) Tj ET Q q 0 0 0 rg BT 137.11 505.75 Td (volatility ) Tj ET Q q 0 0 0 rg BT 174.10 505.75 Td (when ) Tj ET Q q 0 0 0 rg BT 199.42 505.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 249.19 505.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 280.07 505.75 Td (which ) Tj ET Q q 0 0 0 rg BT 307.06 505.75 Td (are ) Tj ET Q q 0 0 0 rg BT 322.93 505.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 364.94 505.75 Td (set ) Tj ET Q q 0 0 0 rg BT 379.70 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 388.91 505.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 409.78 505.75 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 443.44 505.75 Td (are ) Tj ET Q q 0 0 0 rg BT 459.31 505.75 Td (stated ) Tj ET Q q 0 0 0 rg BT 487.98 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 497.18 505.75 Td (Canadian ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (dollars.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 472.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.90 472.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 131.83 472.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 191.20 472.75 Td (also ) Tj ET Q q 0 0 0 rg BT 212.78 472.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 254.38 472.75 Td (on ) Tj ET Q q 0 0 0 rg BT 268.74 472.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 313.11 472.75 Td (from ) Tj ET Q q 0 0 0 rg BT 336.35 472.75 Td (the ) Tj ET Q q 0 0 0 rg BT 353.48 472.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 375.06 472.75 Td (of ) Tj ET Q q 0 0 0 rg BT 386.64 472.75 Td (commodities ) Tj ET Q q 0 0 0 rg BT 446.00 472.75 Td (which ) Tj ET Q q 0 0 0 rg BT 474.80 472.75 Td (dif) Tj ET Q q 0 0 0 rg BT 485.18 472.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 500.08 472.75 Td (in ) Tj ET Q q 0 0 0 rg BT 511.10 472.75 Td (quality ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.03 460.75 Td (location ) Tj ET Q q 0 0 0 rg BT 127.85 460.75 Td (from ) Tj ET Q q 0 0 0 rg BT 150.20 460.75 Td (underlying ) Tj ET Q q 0 0 0 rg BT 198.69 460.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 249.39 460.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 278.41 460.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 311.35 460.75 Td (on ) Tj ET Q q 0 0 0 rg BT 324.82 460.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.86 460.75 Td (exchanges. ) Tj ET Q q 0 0 0 rg BT 417.36 460.75 Td (Of ) Tj ET Q q 0 0 0 rg BT 430.26 460.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 473.74 460.75 Td (importance ) Tj ET Q q 0 0 0 rg BT 525.56 460.75 Td (are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.18 448.75 Td (price ) Tj ET Q q 0 0 0 rg BT 114.13 448.75 Td (dif) Tj ET Q q 0 0 0 rg BT 124.51 448.75 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 168.37 448.75 Td (between ) Tj ET Q q 0 0 0 rg BT 209.46 448.75 Td (our ) Tj ET Q q 0 0 0 rg BT 227.19 448.75 Td (light/medium ) Tj ET Q q 0 0 0 rg BT 287.16 448.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 300.44 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.40 448.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 350.37 448.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 363.65 448.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 378.04 448.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 422.45 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 439.63 448.75 Td (light/heavy ) Tj ET Q q 0 0 0 rg BT 490.72 448.75 Td (dif) Tj ET Q q 0 0 0 rg BT 501.10 448.75 Td (ferential\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.31 436.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 124.52 436.75 Td (market ) Tj ET Q q 0 0 0 rg BT 157.71 436.75 Td (prices. ) Tj ET Q q 0 0 0 rg BT 189.79 436.75 Td (Not ) Tj ET Q q 0 0 0 rg BT 207.98 436.75 Td (only ) Tj ET Q q 0 0 0 rg BT 228.95 436.75 Td (are ) Tj ET Q q 0 0 0 rg BT 246.03 436.75 Td (these ) Tj ET Q q 0 0 0 rg BT 273.12 436.75 Td (discounts ) Tj ET Q q 0 0 0 rg BT 317.99 436.75 Td (influenced ) Tj ET Q q 0 0 0 rg BT 366.21 436.75 Td (by ) Tj ET Q q 0 0 0 rg BT 379.40 436.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 417.60 436.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 449.14 436.75 Td (and ) Tj ET Q q 0 0 0 rg BT 468.45 436.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 507.21 436.75 Td (factors, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (they ) Tj ET Q q 0 0 0 rg BT 94.07 424.75 Td (are ) Tj ET Q q 0 0 0 rg BT 111.70 424.75 Td (also ) Tj ET Q q 0 0 0 rg BT 133.22 424.75 Td (influenced ) Tj ET Q q 0 0 0 rg BT 181.98 424.75 Td (by ) Tj ET Q q 0 0 0 rg BT 195.72 424.75 Td (other ) Tj ET Q q 0 0 0 rg BT 221.68 424.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 254.86 424.75 Td (such ) Tj ET Q q 0 0 0 rg BT 279.16 424.75 Td (as ) Tj ET Q q 0 0 0 rg BT 292.89 424.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 357.21 424.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 386.51 424.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 426.36 424.75 Td (and ) Tj ET Q q 0 0 0 rg BT 446.22 424.75 Td (interruptions, ) Tj ET Q q 0 0 0 rg BT 507.20 424.75 Td (refining ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 412.75 Td (demand, ) Tj ET Q q 0 0 0 rg BT 114.00 412.75 Td (the ) Tj ET Q q 0 0 0 rg BT 130.98 412.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 180.20 412.75 Td (and ) Tj ET Q q 0 0 0 rg BT 199.96 412.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 221.38 412.75 Td (of ) Tj ET Q q 0 0 0 rg BT 232.81 412.75 Td (diluents ) Tj ET Q q 0 0 0 rg BT 270.36 412.75 Td (used ) Tj ET Q q 0 0 0 rg BT 295.12 412.75 Td (to ) Tj ET Q q 0 0 0 rg BT 306.54 412.75 Td (blend ) Tj ET Q q 0 0 0 rg BT 334.09 412.75 Td (and ) Tj ET Q q 0 0 0 rg BT 353.86 412.75 Td (transport ) Tj ET Q q 0 0 0 rg BT 396.41 412.75 Td (product ) Tj ET Q q 0 0 0 rg BT 432.84 412.75 Td (and ) Tj ET Q q 0 0 0 rg BT 452.61 412.75 Td (the ) Tj ET Q q 0 0 0 rg BT 469.59 412.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 501.58 412.75 Td (of ) Tj ET Q q 0 0 0 rg BT 513.00 412.75 Td (the ) Tj ET Q q 0 0 0 rg BT 529.99 412.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (produced, ) Tj ET Q q 0 0 0 rg BT 118.25 400.75 Td (all ) Tj ET Q q 0 0 0 rg BT 130.03 400.75 Td (of ) Tj ET Q q 0 0 0 rg BT 140.14 400.75 Td (which ) Tj ET Q q 0 0 0 rg BT 167.47 400.75 Td (are ) Tj ET Q q 0 0 0 rg BT 183.70 400.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 218.28 400.75 Td (our ) Tj ET Q q 0 0 0 rg BT 234.50 400.75 Td (control. ) Tj ET Q q 0 0 0 rg BT 269.07 400.75 Td (In ) Tj ET Q q 0 0 0 rg BT 279.18 400.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 318.76 400.75 Td (there ) Tj ET Q q 0 0 0 rg BT 343.32 400.75 Td (is ) Tj ET Q q 0 0 0 rg BT 352.32 400.75 Td (not ) Tj ET Q q 0 0 0 rg BT 367.99 400.75 Td (suf) Tj ET Q q 0 0 0 rg BT 381.15 400.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 409.04 400.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 445.29 400.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 483.74 400.75 Td (for ) Tj ET Q q 0 0 0 rg BT 497.18 400.75 Td (Canadian ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 99.65 388.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 112.30 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 123.28 388.75 Td (access ) Tj ET Q q 0 0 0 rg BT 157.04 388.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.05 388.75 Td (American ) Tj ET Q q 0 0 0 rg BT 217.93 388.75 Td (refinery ) Tj ET Q q 0 0 0 rg BT 253.91 388.75 Td (complex ) Tj ET Q q 0 0 0 rg BT 293.79 388.75 Td (or ) Tj ET Q q 0 0 0 rg BT 305.32 388.75 Td (tidewater ) Tj ET Q q 0 0 0 rg BT 348.53 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 359.51 388.75 Td (access ) Tj ET Q q 0 0 0 rg BT 393.27 388.75 Td (world ) Tj ET Q q 0 0 0 rg BT 419.81 388.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 458.01 388.75 Td (and ) Tj ET Q q 0 0 0 rg BT 477.33 388.75 Td (the ) Tj ET Q q 0 0 0 rg BT 493.87 388.75 Td (availability ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.82 376.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 130.11 376.75 Td (transport ) Tj ET Q q 0 0 0 rg BT 173.06 376.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 213.22 376.75 Td (via ) Tj ET Q q 0 0 0 rg BT 229.49 376.75 Td (rail ) Tj ET Q q 0 0 0 rg BT 246.30 376.75 Td (is ) Tj ET Q q 0 0 0 rg BT 257.01 376.75 Td (more ) Tj ET Q q 0 0 0 rg BT 283.27 376.75 Td (expensive ) Tj ET Q q 0 0 0 rg BT 331.78 376.75 Td (and ) Tj ET Q q 0 0 0 rg BT 351.95 376.75 Td (variable, ) Tj ET Q q 0 0 0 rg BT 393.23 376.75 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 439.51 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 456.89 376.75 Td (price ) Tj ET Q q 0 0 0 rg BT 482.05 376.75 Td (for ) Tj ET Q q 0 0 0 rg BT 497.20 376.75 Td (Canadian ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 99.79 364.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 112.58 364.75 Td (is ) Tj ET Q q 0 0 0 rg BT 122.58 364.75 Td (very ) Tj ET Q q 0 0 0 rg BT 144.25 364.75 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 185.93 364.75 Td (to ) Tj ET Q q 0 0 0 rg BT 197.05 364.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 234.30 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 253.76 364.75 Td (refinery ) Tj ET Q q 0 0 0 rg BT 289.89 364.75 Td (outages, ) Tj ET Q q 0 0 0 rg BT 331.03 364.75 Td (which ) Tj ET Q q 0 0 0 rg BT 359.37 364.75 Td (contributes ) Tj ET Q q 0 0 0 rg BT 411.07 364.75 Td (to ) Tj ET Q q 0 0 0 rg BT 422.19 364.75 Td (this ) Tj ET Q q 0 0 0 rg BT 440.53 364.75 Td (volatility) Tj ET Q q 0 0 0 rg BT 475.35 364.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (Decreases ) Tj ET Q q 0 0 0 rg BT 122.73 343.75 Td (to ) Tj ET Q q 0 0 0 rg BT 133.99 343.75 Td (or ) Tj ET Q q 0 0 0 rg BT 145.81 343.75 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 193.22 343.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 228.95 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 240.22 343.75 Td (low ) Tj ET Q q 0 0 0 rg BT 258.15 343.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 309.42 343.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 341.80 343.75 Td (particularly ) Tj ET Q q 0 0 0 rg BT 393.08 343.75 Td (for ) Tj ET Q q 0 0 0 rg BT 407.68 343.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 423.39 343.75 Td (may ) Tj ET Q q 0 0 0 rg BT 445.21 343.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 493.16 343.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 525.54 343.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 331.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 99.69 331.75 Td (to ) Tj ET Q q 0 0 0 rg BT 110.15 331.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 134.50 331.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 177.21 331.75 Td (targets, ) Tj ET Q q 0 0 0 rg BT 212.69 331.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 252.61 331.75 Td (our ) Tj ET Q q 0 0 0 rg BT 269.18 331.75 Td (business ) Tj ET Q q 0 0 0 rg BT 310.77 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 329.58 331.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 353.93 331.75 Td (all ) Tj ET Q q 0 0 0 rg BT 366.06 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.52 331.75 Td (our ) Tj ET Q q 0 0 0 rg BT 393.09 331.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.90 331.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 481.84 331.75 Td (as ) Tj ET Q q 0 0 0 rg BT 494.52 331.75 Td (they ) Tj ET Q q 0 0 0 rg BT 515.54 331.75 Td (come ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (due. ) Tj ET Q q 0 0 0 rg BT 93.22 319.75 Td ( ) Tj ET Q q 0 0 0 rg BT 94.98 319.75 Td (It ) Tj ET Q q 0 0 0 rg BT 102.29 319.75 Td (could ) Tj ET Q q 0 0 0 rg BT 127.95 319.75 Td (also ) Tj ET Q q 0 0 0 rg BT 148.05 319.75 Td (result ) Tj ET Q q 0 0 0 rg BT 174.26 319.75 Td (in ) Tj ET Q q 0 0 0 rg BT 183.80 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 199.46 319.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 231.23 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 241.33 319.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 281.43 319.75 Td (producing ) Tj ET Q q 0 0 0 rg BT 327.11 319.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 351.09 319.75 Td (without ) Tj ET Q q 0 0 0 rg BT 384.54 319.75 Td (an ) Tj ET Q q 0 0 0 rg BT 397.42 319.75 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 444.76 319.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 487.66 319.75 Td (in ) Tj ET Q q 0 0 0 rg BT 497.20 319.75 Td (expenses ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (due ) Tj ET Q q 0 0 0 rg BT 90.63 307.75 Td (to ) Tj ET Q q 0 0 0 rg BT 100.91 307.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 123.98 307.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 152.04 307.75 Td (a ) Tj ET Q q 0 0 0 rg BT 159.55 307.75 Td (delay ) Tj ET Q q 0 0 0 rg BT 185.40 307.75 Td (or ) Tj ET Q q 0 0 0 rg BT 196.23 307.75 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 250.99 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.27 307.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 297.12 307.75 Td (or ) Tj ET Q q 0 0 0 rg BT 307.96 307.75 Td (future ) Tj ET Q q 0 0 0 rg BT 335.47 307.75 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 369.10 307.75 Td (development ) Tj ET Q q 0 0 0 rg BT 428.30 307.75 Td (or ) Tj ET Q q 0 0 0 rg BT 439.14 307.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 495.00 307.75 Td (programs, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (un-utilized ) Tj ET Q q 0 0 0 rg BT 120.20 295.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 165.05 295.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 228.82 295.75 Td (commitments ) Tj ET Q q 0 0 0 rg BT 290.89 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 310.19 295.75 Td (a ) Tj ET Q q 0 0 0 rg BT 318.37 295.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 362.13 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 372.53 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 389.05 295.75 Td (value ) Tj ET Q q 0 0 0 rg BT 415.57 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 434.88 295.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 470.85 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 481.81 295.75 Td (our ) Tj ET Q q 0 0 0 rg BT 498.88 295.75 Td (reserves.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 274.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.55 274.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 127.31 274.75 Td (assessments ) Tj ET Q q 0 0 0 rg BT 188.40 274.75 Td (of ) Tj ET Q q 0 0 0 rg BT 199.47 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.11 274.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 254.41 274.75 Td (value ) Tj ET Q q 0 0 0 rg BT 281.05 274.75 Td (of ) Tj ET Q q 0 0 0 rg BT 292.12 274.75 Td (our ) Tj ET Q q 0 0 0 rg BT 309.31 274.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.94 274.75 Td (in ) Tj ET Q q 0 0 0 rg BT 351.46 274.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 405.89 274.75 Td (with ) Tj ET Q q 0 0 0 rg BT 426.41 274.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 471.95 274.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 498.45 274.75 Td (. ) Tj ET Q q 0 0 0 rg BT 503.96 274.75 Td ( ) Tj ET Q q 0 0 0 rg BT 506.70 274.75 Td (If ) Tj ET Q q 0 0 0 rg BT 514.99 274.75 Td (crude ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 262.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 85.07 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 104.83 262.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 138.48 262.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 157.67 262.75 Td (forecast ) Tj ET Q q 0 0 0 rg BT 196.31 262.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.05 262.75 Td (decline, ) Tj ET Q q 0 0 0 rg BT 263.59 262.75 Td (the ) Tj ET Q q 0 0 0 rg BT 280.56 262.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 319.20 262.75 Td (value ) Tj ET Q q 0 0 0 rg BT 346.17 262.75 Td (of ) Tj ET Q q 0 0 0 rg BT 357.58 262.75 Td (our ) Tj ET Q q 0 0 0 rg BT 375.11 262.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.08 262.75 Td (could ) Tj ET Q q 0 0 0 rg BT 434.05 262.75 Td (be ) Tj ET Q q 0 0 0 rg BT 448.25 262.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 483.00 262.75 Td (to ) Tj ET Q q 0 0 0 rg BT 494.41 262.75 Td (downward ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (revisions ) Tj ET Q q 0 0 0 rg BT 114.24 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 133.70 250.75 Td (our ) Tj ET Q q 0 0 0 rg BT 150.93 250.75 Td (net ) Tj ET Q q 0 0 0 rg BT 167.61 250.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 208.75 250.75 Td (could ) Tj ET Q q 0 0 0 rg BT 235.43 250.75 Td (be ) Tj ET Q q 0 0 0 rg BT 249.33 250.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 294.91 250.75 Td (af) Tj ET Q q 0 0 0 rg BT 303.07 250.75 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.13 229.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 130.58 229.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.37 229.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 156.38 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.50 229.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 212.19 229.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 231.77 229.75 Td (that ) Tj ET Q q 0 0 0 rg BT 252.44 229.75 Td (we ) Tj ET Q q 0 0 0 rg BT 268.13 229.75 Td (can ) Tj ET Q q 0 0 0 rg BT 287.71 229.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 329.50 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 349.63 229.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 368.65 229.75 Td (is ) Tj ET Q q 0 0 0 rg BT 379.34 229.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 416.70 229.75 Td (to ) Tj ET Q q 0 0 0 rg BT 428.48 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.83 229.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 499.31 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.44 229.75 Td (cost ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 84.22 217.75 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 135.33 217.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 191.46 217.75 Td (and ) Tj ET Q q 0 0 0 rg BT 212.01 217.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 252.58 217.75 Td (systems) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 196.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 196.75 Td (e ) Tj ET Q q 0 0 0 rg BT 90.68 196.75 Td (deliver ) Tj ET Q q 0 0 0 rg BT 124.00 196.75 Td (our ) Tj ET Q q 0 0 0 rg BT 142.32 196.75 Td (products ) Tj ET Q q 0 0 0 rg BT 184.53 196.75 Td (through ) Tj ET Q q 0 0 0 rg BT 222.31 196.75 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 270.65 196.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 322.87 196.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.42 196.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 381.76 196.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 422.29 196.75 Td (which ) Tj ET Q q 0 0 0 rg BT 451.72 196.75 Td (we ) Tj ET Q q 0 0 0 rg BT 468.36 196.75 Td (do ) Tj ET Q q 0 0 0 rg BT 483.35 196.75 Td (not ) Tj ET Q q 0 0 0 rg BT 501.11 196.75 Td (own ) Tj ET Q q 0 0 0 rg BT 523.32 196.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 124.68 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 136.24 184.75 Td (our ) Tj ET Q q 0 0 0 rg BT 153.91 184.75 Td (products ) Tj ET Q q 0 0 0 rg BT 195.48 184.75 Td (rely ) Tj ET Q q 0 0 0 rg BT 214.81 184.75 Td (on ) Tj ET Q q 0 0 0 rg BT 229.15 184.75 Td (third ) Tj ET Q q 0 0 0 rg BT 251.82 184.75 Td (party ) Tj ET Q q 0 0 0 rg BT 277.27 184.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 338.84 184.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.39 184.75 Td (deliver ) Tj ET Q q 0 0 0 rg BT 383.07 184.75 Td (our ) Tj ET Q q 0 0 0 rg BT 400.74 184.75 Td (products ) Tj ET Q q 0 0 0 rg BT 442.31 184.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.86 184.75 Td (market. ) Tj ET Q q 0 0 0 rg BT 490.21 184.75 Td (The ) Tj ET Q q 0 0 0 rg BT 510.66 184.75 Td (lack ) Tj ET Q q 0 0 0 rg BT 531.66 184.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 172.75 Td (access ) Tj ET Q q 0 0 0 rg BT 106.23 172.75 Td (to ) Tj ET Q q 0 0 0 rg BT 117.67 172.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 157.46 172.75 Td (in ) Tj ET Q q 0 0 0 rg BT 168.35 172.75 Td (any ) Tj ET Q q 0 0 0 rg BT 187.57 172.75 Td (of ) Tj ET Q q 0 0 0 rg BT 199.02 172.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.02 172.75 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 263.60 172.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 315.07 172.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.86 172.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 372.43 172.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 412.21 172.75 Td (could ) Tj ET Q q 0 0 0 rg BT 439.22 172.75 Td (result ) Tj ET Q q 0 0 0 rg BT 466.77 172.75 Td (in ) Tj ET Q q 0 0 0 rg BT 477.66 172.75 Td (our ) Tj ET Q q 0 0 0 rg BT 495.22 172.75 Td (inability ) Tj ET Q q 0 0 0 rg BT 531.67 172.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (realize ) Tj ET Q q 0 0 0 rg BT 104.12 160.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.69 160.75 Td (full ) Tj ET Q q 0 0 0 rg BT 136.13 160.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 181.59 160.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 222.06 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 233.07 160.75 Td (our ) Tj ET Q q 0 0 0 rg BT 250.18 160.75 Td (production ) Tj ET Q q 0 0 0 rg BT 299.54 160.75 Td (or ) Tj ET Q q 0 0 0 rg BT 311.10 160.75 Td (in ) Tj ET Q q 0 0 0 rg BT 321.55 160.75 Td (a ) Tj ET Q q 0 0 0 rg BT 329.77 160.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 373.57 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.57 160.75 Td (the ) Tj ET Q q 0 0 0 rg BT 401.14 160.75 Td (price ) Tj ET Q q 0 0 0 rg BT 425.48 160.75 Td (of) Tj ET Q q 0 0 0 rg BT 433.64 160.75 Td (fered ) Tj ET Q q 0 0 0 rg BT 459.09 160.75 Td (for ) Tj ET Q q 0 0 0 rg BT 473.42 160.75 Td (our ) Tj ET Q q 0 0 0 rg BT 490.54 160.75 Td (production. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (Alternately) Tj ET Q q 0 0 0 rg BT 118.50 148.75 Td (, ) Tj ET Q q 0 0 0 rg BT 124.07 148.75 Td (a ) Tj ET Q q 0 0 0 rg BT 132.42 148.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 183.01 148.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 226.94 148.75 Td (in ) Tj ET Q q 0 0 0 rg BT 237.51 148.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.20 148.75 Td (use ) Tj ET Q q 0 0 0 rg BT 273.11 148.75 Td (of ) Tj ET Q q 0 0 0 rg BT 284.24 148.75 Td (such ) Tj ET Q q 0 0 0 rg BT 308.15 148.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 347.61 148.75 Td (can ) Tj ET Q q 0 0 0 rg BT 366.52 148.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 407.10 148.75 Td (the ) Tj ET Q q 0 0 0 rg BT 423.79 148.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 444.92 148.75 Td (we ) Tj ET Q q 0 0 0 rg BT 460.49 148.75 Td (incur ) Tj ET Q q 0 0 0 rg BT 484.95 148.75 Td (to ) Tj ET Q q 0 0 0 rg BT 496.08 148.75 Td (use ) Tj ET Q q 0 0 0 rg BT 514.99 148.75 Td (them. ) Tj ET Q q 0 0 0 rg BT 542.78 148.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 93.43 136.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 142.10 136.75 Td (change ) Tj ET Q q 0 0 0 rg BT 179.11 136.75 Td (in ) Tj ET Q q 0 0 0 rg BT 191.10 136.75 Td (market ) Tj ET Q q 0 0 0 rg BT 225.86 136.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 260.07 136.75 Td (or ) Tj ET Q q 0 0 0 rg BT 273.17 136.75 Td (other ) Tj ET Q q 0 0 0 rg BT 300.16 136.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 349.39 136.75 Td (af) Tj ET Q q 0 0 0 rg BT 357.55 136.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 391.22 136.75 Td (these ) Tj ET Q q 0 0 0 rg BT 419.88 136.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 482.44 136.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 523.31 136.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 114.01 124.75 Td (as ) Tj ET Q q 0 0 0 rg BT 128.25 124.75 Td (well ) Tj ET Q q 0 0 0 rg BT 149.14 124.75 Td (as ) Tj ET Q q 0 0 0 rg BT 163.37 124.75 Td (any ) Tj ET Q q 0 0 0 rg BT 183.16 124.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 215.74 124.75 Td (in ) Tj ET Q q 0 0 0 rg BT 227.19 124.75 Td (constructing ) Tj ET Q q 0 0 0 rg BT 284.78 124.75 Td (new ) Tj ET Q q 0 0 0 rg BT 306.79 124.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 368.82 124.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 409.16 124.75 Td (and ) Tj ET Q q 0 0 0 rg BT 429.51 124.75 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 471.52 124.75 Td (could ) Tj ET Q q 0 0 0 rg BT 499.10 124.75 Td (harm ) Tj ET Q q 0 0 0 rg BT 525.55 124.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (business ) Tj ET Q q 0 0 0 rg BT 114.34 112.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 136.68 112.75 Td (in ) Tj ET Q q 0 0 0 rg BT 147.34 112.75 Td (turn, ) Tj ET Q q 0 0 0 rg BT 170.23 112.75 Td (our ) Tj ET Q q 0 0 0 rg BT 187.56 112.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.12 112.75 Td (condition. ) Tj ET Q q 0 0 0 rg BT 272.81 112.75 Td ( ) Tj ET Q q 0 0 0 rg BT 275.11 112.75 Td (A) Tj ET Q q 0 0 0 rg BT 281.23 112.75 Td ( ) Tj ET Q q 0 0 0 rg BT 284.10 112.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 331.45 112.75 Td (change ) Tj ET Q q 0 0 0 rg BT 367.13 112.75 Td (may ) Tj ET Q q 0 0 0 rg BT 388.90 112.75 Td (result ) Tj ET Q q 0 0 0 rg BT 416.23 112.75 Td (from ) Tj ET Q q 0 0 0 rg BT 439.10 112.75 Td (the ) Tj ET Q q 0 0 0 rg BT 455.88 112.75 Td (conversion ) Tj ET Q q 0 0 0 rg BT 507.12 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 518.33 112.75 Td (most ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.55 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.66 100.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 140.56 100.75 Td (on ) Tj ET Q q 0 0 0 rg BT 154.89 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.00 100.75 Td (Enbridge ) Tj ET Q q 0 0 0 rg BT 215.24 100.75 Td (mainline ) Tj ET Q q 0 0 0 rg BT 255.69 100.75 Td (from ) Tj ET Q q 0 0 0 rg BT 278.90 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.01 100.75 Td (common ) Tj ET Q q 0 0 0 rg BT 337.57 100.75 Td (carrier ) Tj ET Q q 0 0 0 rg BT 369.11 100.75 Td (model, ) Tj ET Q q 0 0 0 rg BT 402.34 100.75 Td (which ) Tj ET Q q 0 0 0 rg BT 431.11 100.75 Td (will ) Tj ET Q q 0 0 0 rg BT 448.21 100.75 Td (end ) Tj ET Q q 0 0 0 rg BT 468.10 100.75 Td (on ) Tj ET Q q 0 0 0 rg BT 482.44 100.75 Td (July ) Tj ET Q q 0 0 0 rg BT 503.43 100.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 514.98 100.75 Td (2021, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (where ) Tj ET Q q 0 0 0 rg BT 101.91 88.75 Td (all ) Tj ET Q q 0 0 0 rg BT 114.59 88.75 Td (producers ) Tj ET Q q 0 0 0 rg BT 161.73 88.75 Td (have ) Tj ET Q q 0 0 0 rg BT 186.09 88.75 Td (access, ) Tj ET Q q 0 0 0 rg BT 222.66 88.75 Td (to ) Tj ET Q q 0 0 0 rg BT 233.68 88.75 Td (a ) Tj ET Q q 0 0 0 rg BT 241.91 88.75 Td (contracted ) Tj ET Q q 0 0 0 rg BT 291.28 88.75 Td (service ) Tj ET Q q 0 0 0 rg BT 325.63 88.75 Td (model, ) Tj ET Q q 0 0 0 rg BT 358.32 88.75 Td (where ) Tj ET Q q 0 0 0 rg BT 388.23 88.75 Td (only ) Tj ET Q q 0 0 0 rg BT 409.25 88.75 Td (producers ) Tj ET Q q 0 0 0 rg BT 456.39 88.75 Td (who ) Tj ET Q q 0 0 0 rg BT 477.41 88.75 Td (sign ) Tj ET Q q 0 0 0 rg BT 498.43 88.75 Td (long ) Tj ET Q q 0 0 0 rg BT 520.01 88.75 Td (term ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 76.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 135.93 76.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 191.51 76.75 Td (will ) Tj ET Q q 0 0 0 rg BT 208.18 76.75 Td (have ) Tj ET Q q 0 0 0 rg BT 232.64 76.75 Td (access. ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I49 Do Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Access ) Tj ET Q q 0 0 0 rg BT 106.91 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 117.92 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 134.50 712.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 171.65 712.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 211.01 712.75 Td (for ) Tj ET Q q 0 0 0 rg BT 225.36 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.94 712.75 Td (transport ) Tj ET Q q 0 0 0 rg BT 284.08 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 295.09 712.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 322.79 712.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 335.47 712.75 Td (into ) Tj ET Q q 0 0 0 rg BT 354.27 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 370.85 712.75 Td (United ) Tj ET Q q 0 0 0 rg BT 402.43 712.75 Td (States ) Tj ET Q q 0 0 0 rg BT 433.46 712.75 Td (has ) Tj ET Q q 0 0 0 rg BT 452.25 712.75 Td (become ) Tj ET Q q 0 0 0 rg BT 490.51 712.75 Td (inadequate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (for ) Tj ET Q q 0 0 0 rg BT 87.48 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 105.20 700.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 142.37 700.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.53 700.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 201.15 700.75 Td (production ) Tj ET Q q 0 0 0 rg BT 251.67 700.75 Td (being ) Tj ET Q q 0 0 0 rg BT 279.95 700.75 Td (exported ) Tj ET Q q 0 0 0 rg BT 322.68 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 334.84 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.55 700.75 Td (United ) Tj ET Q q 0 0 0 rg BT 385.27 700.75 Td (States ) Tj ET Q q 0 0 0 rg BT 417.44 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 437.94 700.75 Td (no ) Tj ET Q q 0 0 0 rg BT 452.88 700.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 491.16 700.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 531.66 700.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (tidewater ) Tj ET Q q 0 0 0 rg BT 115.63 688.75 Td (allowing ) Tj ET Q q 0 0 0 rg BT 154.81 688.75 Td (access ) Tj ET Q q 0 0 0 rg BT 188.98 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 200.38 688.75 Td (world ) Tj ET Q q 0 0 0 rg BT 227.32 688.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 265.93 688.75 Td (has ) Tj ET Q q 0 0 0 rg BT 285.11 688.75 Td (been ) Tj ET Q q 0 0 0 rg BT 310.41 688.75 Td (constructed. ) Tj ET Q q 0 0 0 rg BT 367.93 688.75 Td ( ) Tj ET Q q 0 0 0 rg BT 370.78 688.75 Td (This ) Tj ET Q q 0 0 0 rg BT 392.72 688.75 Td (has ) Tj ET Q q 0 0 0 rg BT 411.90 688.75 Td (resulted ) Tj ET Q q 0 0 0 rg BT 450.52 688.75 Td (in ) Tj ET Q q 0 0 0 rg BT 461.36 688.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 516.10 688.75 Td (lower ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 101.16 676.75 Td (being ) Tj ET Q q 0 0 0 rg BT 128.11 676.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 165.61 676.75 Td (by ) Tj ET Q q 0 0 0 rg BT 178.66 676.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 223.96 676.75 Td (producers ) Tj ET Q q 0 0 0 rg BT 270.91 676.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 317.86 676.75 Td (with ) Tj ET Q q 0 0 0 rg BT 338.13 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 354.51 676.75 Td (WTI ) Tj ET Q q 0 0 0 rg BT 375.32 676.75 Td (price ) Tj ET Q q 0 0 0 rg BT 399.48 676.75 Td (and ) Tj ET Q q 0 0 0 rg BT 418.65 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 435.03 676.75 Td (Brent ) Tj ET Q q 0 0 0 rg BT 461.42 676.75 Td (price ) Tj ET Q q 0 0 0 rg BT 485.58 676.75 Td (for ) Tj ET Q q 0 0 0 rg BT 499.73 676.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 527.23 676.75 Td (oil. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 113.53 664.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 150.06 664.75 Td (expansions ) Tj ET Q q 0 0 0 rg BT 202.70 664.75 Td (are ) Tj ET Q q 0 0 0 rg BT 219.21 664.75 Td (ongoing, ) Tj ET Q q 0 0 0 rg BT 259.63 664.75 Td (the ) Tj ET Q q 0 0 0 rg BT 275.59 664.75 Td (lack ) Tj ET Q q 0 0 0 rg BT 295.42 664.75 Td (of ) Tj ET Q q 0 0 0 rg BT 305.82 664.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 342.34 664.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 381.08 664.75 Td (continues ) Tj ET Q q 0 0 0 rg BT 425.94 664.75 Td (to ) Tj ET Q q 0 0 0 rg BT 436.34 664.75 Td (af) Tj ET Q q 0 0 0 rg BT 444.50 664.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 462.67 664.75 Td (the ) Tj ET Q q 0 0 0 rg BT 478.62 664.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 490.68 664.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.42 664.75 Td (natural ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 91.95 652.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 130.79 652.75 Td (in ) Tj ET Q q 0 0 0 rg BT 142.40 652.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 181.25 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 201.76 652.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 223.36 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.09 652.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.48 652.75 Td (to ) Tj ET Q q 0 0 0 rg BT 282.65 652.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 322.61 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.12 652.75 Td (to ) Tj ET Q q 0 0 0 rg BT 355.29 652.75 Td (market ) Tj ET Q q 0 0 0 rg BT 389.67 652.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.50 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 424.01 652.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 458.42 652.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 478.36 652.75 Td (production. ) Tj ET Q q 0 0 0 rg BT 531.67 652.75 Td (In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 640.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 112.28 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 128.65 640.75 Td (pro-rationing ) Tj ET Q q 0 0 0 rg BT 187.27 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 198.08 640.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 237.23 640.75 Td (on ) Tj ET Q q 0 0 0 rg BT 250.83 640.75 Td (inter-provincial ) Tj ET Q q 0 0 0 rg BT 318.33 640.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 355.27 640.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 394.41 640.75 Td (also ) Tj ET Q q 0 0 0 rg BT 415.23 640.75 Td (continues ) Tj ET Q q 0 0 0 rg BT 460.51 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 471.32 640.75 Td (af) Tj ET Q q 0 0 0 rg BT 479.48 640.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 498.07 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 514.44 640.75 Td (ability ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 628.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.75 628.75 Td (export ) Tj ET Q q 0 0 0 rg BT 114.95 628.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 128.37 628.75 Td (and ) Tj ET Q q 0 0 0 rg BT 148.46 628.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 182.45 628.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 201.99 628.75 Td (from ) Tj ET Q q 0 0 0 rg BT 225.40 628.75 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 266.39 628.75 Td (There ) Tj ET Q q 0 0 0 rg BT 295.93 628.75 Td (can ) Tj ET Q q 0 0 0 rg BT 315.46 628.75 Td (be ) Tj ET Q q 0 0 0 rg BT 329.99 628.75 Td (no ) Tj ET Q q 0 0 0 rg BT 344.53 628.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 385.73 628.75 Td (that ) Tj ET Q q 0 0 0 rg BT 405.82 628.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 457.59 628.75 Td (in ) Tj ET Q q 0 0 0 rg BT 468.78 628.75 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 514.44 628.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (would ) Tj ET Q q 0 0 0 rg BT 102.31 616.75 Td (result ) Tj ET Q q 0 0 0 rg BT 130.94 616.75 Td (in ) Tj ET Q q 0 0 0 rg BT 142.90 616.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 189.90 616.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 236.31 616.75 Td (take-away ) Tj ET Q q 0 0 0 rg BT 286.07 616.75 Td (capacity) Tj ET Q q 0 0 0 rg BT 322.01 616.75 Td (, ) Tj ET Q q 0 0 0 rg BT 328.97 616.75 Td (will ) Tj ET Q q 0 0 0 rg BT 347.03 616.75 Td (be ) Tj ET Q q 0 0 0 rg BT 362.34 616.75 Td (made ) Tj ET Q q 0 0 0 rg BT 391.53 616.75 Td (by ) Tj ET Q q 0 0 0 rg BT 406.27 616.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 455.49 616.75 Td (third ) Tj ET Q q 0 0 0 rg BT 479.12 616.75 Td (party ) Tj ET Q q 0 0 0 rg BT 505.53 616.75 Td (pipeline ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 604.75 Td (providers ) Tj ET Q q 0 0 0 rg BT 116.18 604.75 Td (or ) Tj ET Q q 0 0 0 rg BT 128.12 604.75 Td (that ) Tj ET Q q 0 0 0 rg BT 147.85 604.75 Td (any ) Tj ET Q q 0 0 0 rg BT 167.03 604.75 Td (requisite ) Tj ET Q q 0 0 0 rg BT 207.87 604.75 Td (applications ) Tj ET Q q 0 0 0 rg BT 263.74 604.75 Td (will ) Tj ET Q q 0 0 0 rg BT 280.67 604.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 315.96 604.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 363.48 604.75 Td (approval. ) Tj ET Q q 0 0 0 rg BT 407.47 604.75 Td (There ) Tj ET Q q 0 0 0 rg BT 436.64 604.75 Td (is ) Tj ET Q q 0 0 0 rg BT 446.92 604.75 Td (also ) Tj ET Q q 0 0 0 rg BT 468.31 604.75 Td (no ) Tj ET Q q 0 0 0 rg BT 482.49 604.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 523.33 604.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 592.75 Td (short-term ) Tj ET Q q 0 0 0 rg BT 120.64 592.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 173.21 592.75 Td (constraints ) Tj ET Q q 0 0 0 rg BT 224.64 592.75 Td (on ) Tj ET Q q 0 0 0 rg BT 238.85 592.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 276.40 592.75 Td (systems, ) Tj ET Q q 0 0 0 rg BT 318.93 592.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 351.47 592.75 Td (from ) Tj ET Q q 0 0 0 rg BT 374.55 592.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 412.10 592.75 Td (interruption ) Tj ET Q q 0 0 0 rg BT 465.21 592.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 496.65 592.75 Td (increased ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 580.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 103.68 580.75 Td (of ) Tj ET Q q 0 0 0 rg BT 114.80 580.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 142.60 580.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 158.16 580.75 Td (will ) Tj ET Q q 0 0 0 rg BT 174.82 580.75 Td (not ) Tj ET Q q 0 0 0 rg BT 191.50 580.75 Td (occur) Tj ET Q q 0 0 0 rg BT 215.40 580.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 559.75 Td (There ) Tj ET Q q 0 0 0 rg BT 101.50 559.75 Td (is ) Tj ET Q q 0 0 0 rg BT 112.09 559.75 Td (no ) Tj ET Q q 0 0 0 rg BT 126.59 559.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 167.75 559.75 Td (that ) Tj ET Q q 0 0 0 rg BT 187.80 559.75 Td (crude-by-rail ) Tj ET Q q 0 0 0 rg BT 246.75 559.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 311.27 559.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.32 559.75 Td (other ) Tj ET Q q 0 0 0 rg BT 357.49 559.75 Td (alternative ) Tj ET Q q 0 0 0 rg BT 407.00 559.75 Td (types ) Tj ET Q q 0 0 0 rg BT 434.27 559.75 Td (of ) Tj ET Q q 0 0 0 rg BT 445.99 559.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 510.51 559.75 Td (for ) Tj ET Q q 0 0 0 rg BT 525.55 559.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (production ) Tj ET Q q 0 0 0 rg BT 121.45 547.75 Td (will ) Tj ET Q q 0 0 0 rg BT 138.09 547.75 Td (be ) Tj ET Q q 0 0 0 rg BT 151.96 547.75 Td (suf) Tj ET Q q 0 0 0 rg BT 165.12 547.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 194.00 547.75 Td (to ) Tj ET Q q 0 0 0 rg BT 205.09 547.75 Td (address ) Tj ET Q q 0 0 0 rg BT 243.41 547.75 Td (any ) Tj ET Q q 0 0 0 rg BT 262.29 547.75 Td (gaps ) Tj ET Q q 0 0 0 rg BT 286.72 547.75 Td (caused ) Tj ET Q q 0 0 0 rg BT 321.72 547.75 Td (by ) Tj ET Q q 0 0 0 rg BT 335.03 547.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 387.27 547.75 Td (constraints ) Tj ET Q q 0 0 0 rg BT 438.37 547.75 Td (on ) Tj ET Q q 0 0 0 rg BT 452.25 547.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 489.47 547.75 Td (systems. ) Tj ET Q q 0 0 0 rg BT 531.67 547.75 Td (In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 535.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 112.59 535.75 Td (our ) Tj ET Q q 0 0 0 rg BT 129.82 535.75 Td (crude-by-rail ) Tj ET Q q 0 0 0 rg BT 188.17 535.75 Td (shipments ) Tj ET Q q 0 0 0 rg BT 236.53 535.75 Td (may ) Tj ET Q q 0 0 0 rg BT 258.20 535.75 Td (be ) Tj ET Q q 0 0 0 rg BT 272.10 535.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 315.46 535.75 Td (by ) Tj ET Q q 0 0 0 rg BT 328.80 535.75 Td (service ) Tj ET Q q 0 0 0 rg BT 363.25 535.75 Td (delays, ) Tj ET Q q 0 0 0 rg BT 397.72 535.75 Td (inclement ) Tj ET Q q 0 0 0 rg BT 443.30 535.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 481.65 535.75 Td (or ) Tj ET Q q 0 0 0 rg BT 493.32 535.75 Td (derailment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 523.75 Td (and ) Tj ET Q q 0 0 0 rg BT 92.41 523.75 Td (could ) Tj ET Q q 0 0 0 rg BT 120.04 523.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 166.57 523.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 199.75 523.75 Td (our ) Tj ET Q q 0 0 0 rg BT 217.93 523.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 246.67 523.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 260.40 523.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 287.47 523.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 328.43 523.75 Td (or ) Tj ET Q q 0 0 0 rg BT 341.05 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 358.68 523.75 Td (price ) Tj ET Q q 0 0 0 rg BT 384.08 523.75 Td (received ) Tj ET Q q 0 0 0 rg BT 425.61 523.75 Td (for ) Tj ET Q q 0 0 0 rg BT 441.00 523.75 Td (our ) Tj ET Q q 0 0 0 rg BT 459.18 523.75 Td (product. ) Tj ET Q q 0 0 0 rg BT 499.04 523.75 Td (Crude ) Tj ET Q q 0 0 0 rg BT 530.00 523.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 511.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 115.48 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 133.95 511.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 154.07 511.75 Td (by ) Tj ET Q q 0 0 0 rg BT 166.42 511.75 Td (us ) Tj ET Q q 0 0 0 rg BT 178.76 511.75 Td (may ) Tj ET Q q 0 0 0 rg BT 199.43 511.75 Td (be ) Tj ET Q q 0 0 0 rg BT 212.33 511.75 Td (involved ) Tj ET Q q 0 0 0 rg BT 250.81 511.75 Td (in ) Tj ET Q q 0 0 0 rg BT 260.37 511.75 Td (a ) Tj ET Q q 0 0 0 rg BT 267.71 511.75 Td (derailment ) Tj ET Q q 0 0 0 rg BT 316.18 511.75 Td (or ) Tj ET Q q 0 0 0 rg BT 326.86 511.75 Td (incident ) Tj ET Q q 0 0 0 rg BT 363.11 511.75 Td (that ) Tj ET Q q 0 0 0 rg BT 381.57 511.75 Td (results ) Tj ET Q q 0 0 0 rg BT 412.80 511.75 Td (in ) Tj ET Q q 0 0 0 rg BT 422.37 511.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 445.27 511.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 477.07 511.75 Td (or ) Tj ET Q q 0 0 0 rg BT 487.74 511.75 Td (reputational ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 499.75 Td (harm. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 478.75 Td (A) Tj ET Q q 0 0 0 rg BT 78.12 478.75 Td ( ) Tj ET Q q 0 0 0 rg BT 80.50 478.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 113.47 478.75 Td (of ) Tj ET Q q 0 0 0 rg BT 124.19 478.75 Td (our ) Tj ET Q q 0 0 0 rg BT 141.03 478.75 Td (production ) Tj ET Q q 0 0 0 rg BT 190.12 478.75 Td (may ) Tj ET Q q 0 0 0 rg BT 211.40 478.75 Td (be ) Tj ET Q q 0 0 0 rg BT 224.90 478.75 Td (processed ) Tj ET Q q 0 0 0 rg BT 273.43 478.75 Td (through ) Tj ET Q q 0 0 0 rg BT 309.73 478.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 347.68 478.75 Td (controlled ) Tj ET Q q 0 0 0 rg BT 393.43 478.75 Td (by ) Tj ET Q q 0 0 0 rg BT 406.38 478.75 Td (third ) Tj ET Q q 0 0 0 rg BT 428.22 478.75 Td (parties. ) Tj ET Q q 0 0 0 rg BT 463.40 478.75 Td (From ) Tj ET Q q 0 0 0 rg BT 489.11 478.75 Td (time ) Tj ET Q q 0 0 0 rg BT 510.39 478.75 Td (to ) Tj ET Q q 0 0 0 rg BT 521.12 478.75 Td (time ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 466.75 Td (these ) Tj ET Q q 0 0 0 rg BT 99.28 466.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 137.67 466.75 Td (may ) Tj ET Q q 0 0 0 rg BT 159.37 466.75 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 212.78 466.75 Td (or ) Tj ET Q q 0 0 0 rg BT 224.49 466.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 268.45 466.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 317.97 466.75 Td (either ) Tj ET Q q 0 0 0 rg BT 345.80 466.75 Td (as ) Tj ET Q q 0 0 0 rg BT 359.18 466.75 Td (a ) Tj ET Q q 0 0 0 rg BT 367.56 466.75 Td (result ) Tj ET Q q 0 0 0 rg BT 394.83 466.75 Td (of ) Tj ET Q q 0 0 0 rg BT 405.99 466.75 Td (normal ) Tj ET Q q 0 0 0 rg BT 439.37 466.75 Td (servicing ) Tj ET Q q 0 0 0 rg BT 481.65 466.75 Td (requirements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.52 454.75 Td (as ) Tj ET Q q 0 0 0 rg BT 96.70 454.75 Td (a ) Tj ET Q q 0 0 0 rg BT 104.89 454.75 Td (result ) Tj ET Q q 0 0 0 rg BT 131.97 454.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.93 454.75 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 197.27 454.75 Td (events. ) Tj ET Q q 0 0 0 rg BT 231.61 454.75 Td (A) Tj ET Q q 0 0 0 rg BT 237.73 454.75 Td ( ) Tj ET Q q 0 0 0 rg BT 240.35 454.75 Td (discontinuance ) Tj ET Q q 0 0 0 rg BT 309.69 454.75 Td (or ) Tj ET Q q 0 0 0 rg BT 321.21 454.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 364.97 454.75 Td (of ) Tj ET Q q 0 0 0 rg BT 375.94 454.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 425.26 454.75 Td (could ) Tj ET Q q 0 0 0 rg BT 451.79 454.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 497.21 454.75 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (af) Tj ET Q q 0 0 0 rg BT 80.16 442.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 99.06 442.75 Td (our ) Tj ET Q q 0 0 0 rg BT 116.29 442.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 144.63 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.75 442.75 Td (process ) Tj ET Q q 0 0 0 rg BT 193.54 442.75 Td (our ) Tj ET Q q 0 0 0 rg BT 210.77 442.75 Td (production ) Tj ET Q q 0 0 0 rg BT 260.25 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 279.71 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 290.83 442.75 Td (deliver ) Tj ET Q q 0 0 0 rg BT 323.07 442.75 Td (the ) Tj ET Q q 0 0 0 rg BT 339.75 442.75 Td (same ) Tj ET Q q 0 0 0 rg BT 366.98 442.75 Td (for ) Tj ET Q q 0 0 0 rg BT 381.43 442.75 Td (sale.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 421.75 Td (Failure ) Tj ET Q q 0 0 0 rg BT 107.75 421.75 Td (to ) Tj ET Q q 0 0 0 rg BT 120.14 421.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 158.11 421.75 Td (with ) Tj ET Q q 0 0 0 rg BT 181.07 421.75 Td (the ) Tj ET Q q 0 0 0 rg BT 199.03 421.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 251.45 421.75 Td (in ) Tj ET Q q 0 0 0 rg BT 263.29 421.75 Td (the ) Tj ET Q q 0 0 0 rg BT 281.25 421.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 340.35 421.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 391.64 421.75 Td (our ) Tj ET Q q 0 0 0 rg BT 410.71 421.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 434.78 421.75 Td (could ) Tj ET Q q 0 0 0 rg BT 464.40 421.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 513.51 421.75 Td (af) Tj ET Q q 0 0 0 rg BT 522.22 421.75 Td (fect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (our ) Tj ET Q q 0 0 0 rg BT 90.89 409.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.23 409.75 Td (condition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 388.75 Td (e ) Tj ET Q q 0 0 0 rg BT 90.46 388.75 Td (are ) Tj ET Q q 0 0 0 rg BT 108.55 388.75 Td (required ) Tj ET Q q 0 0 0 rg BT 148.87 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 160.85 388.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 196.16 388.75 Td (with ) Tj ET Q q 0 0 0 rg BT 217.58 388.75 Td (the ) Tj ET Q q 0 0 0 rg BT 235.12 388.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 284.34 388.75 Td (in ) Tj ET Q q 0 0 0 rg BT 295.77 388.75 Td (our ) Tj ET Q q 0 0 0 rg BT 313.86 388.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 344.17 388.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 386.70 388.75 Td (and ) Tj ET Q q 0 0 0 rg BT 407.02 388.75 Td (the ) Tj ET Q q 0 0 0 rg BT 424.56 388.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 457.10 388.75 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 489.64 388.75 Td (If ) Tj ET Q q 0 0 0 rg BT 498.84 388.75 Td (we ) Tj ET Q q 0 0 0 rg BT 515.26 388.75 Td (fail ) Tj ET Q q 0 0 0 rg BT 531.68 388.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 376.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 106.71 376.75 Td (with ) Tj ET Q q 0 0 0 rg BT 127.54 376.75 Td (such ) Tj ET Q q 0 0 0 rg BT 151.70 376.75 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 203.10 376.75 Td (are ) Tj ET Q q 0 0 0 rg BT 220.59 376.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 253.66 376.75 Td (to ) Tj ET Q q 0 0 0 rg BT 265.04 376.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 284.20 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.14 376.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 323.64 376.75 Td (service ) Tj ET Q q 0 0 0 rg BT 358.35 376.75 Td (charges ) Tj ET Q q 0 0 0 rg BT 396.97 376.75 Td (or ) Tj ET Q q 0 0 0 rg BT 408.90 376.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 454.74 376.75 Td (commit ) Tj ET Q q 0 0 0 rg BT 490.00 376.75 Td (an ) Tj ET Q q 0 0 0 rg BT 504.16 376.75 Td (event ) Tj ET Q q 0 0 0 rg BT 531.66 376.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (default, ) Tj ET Q q 0 0 0 rg BT 107.31 364.75 Td (such ) Tj ET Q q 0 0 0 rg BT 130.95 364.75 Td (as ) Tj ET Q q 0 0 0 rg BT 144.02 364.75 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 192.19 364.75 Td (, ) Tj ET Q q 0 0 0 rg BT 197.48 364.75 Td (it ) Tj ET Q q 0 0 0 rg BT 204.99 364.75 Td (could ) Tj ET Q q 0 0 0 rg BT 231.40 364.75 Td (result ) Tj ET Q q 0 0 0 rg BT 258.37 364.75 Td (in ) Tj ET Q q 0 0 0 rg BT 268.66 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 285.07 364.75 Td (seizure ) Tj ET Q q 0 0 0 rg BT 319.82 364.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 350.68 364.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 371.54 364.75 Td (of ) Tj ET Q q 0 0 0 rg BT 382.39 364.75 Td (our ) Tj ET Q q 0 0 0 rg BT 399.35 364.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 430.76 364.75 Td (by ) Tj ET Q q 0 0 0 rg BT 443.83 364.75 Td (our ) Tj ET Q q 0 0 0 rg BT 460.79 364.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 498.88 364.75 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 542.78 364.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.39 352.75 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 134.69 352.75 Td (from ) Tj ET Q q 0 0 0 rg BT 156.85 352.75 Td (any ) Tj ET Q q 0 0 0 rg BT 175.13 352.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 195.64 352.75 Td (of ) Tj ET Q q 0 0 0 rg BT 206.13 352.75 Td (our ) Tj ET Q q 0 0 0 rg BT 222.75 352.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.81 352.75 Td (would ) Tj ET Q q 0 0 0 rg BT 282.10 352.75 Td (be ) Tj ET Q q 0 0 0 rg BT 295.38 352.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 329.79 352.75 Td (to ) Tj ET Q q 0 0 0 rg BT 340.29 352.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 370.79 352.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 411.30 352.75 Td (owed ) Tj ET Q q 0 0 0 rg BT 437.37 352.75 Td (to ) Tj ET Q q 0 0 0 rg BT 447.87 352.75 Td (the ) Tj ET Q q 0 0 0 rg BT 463.93 352.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 501.67 352.75 Td (creditors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.03 340.75 Td (then ) Tj ET Q q 0 0 0 rg BT 112.83 340.75 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 161.88 340.75 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 205.34 340.75 Td ( ) Tj ET Q q 0 0 0 rg BT 207.68 340.75 Td (Only ) Tj ET Q q 0 0 0 rg BT 230.59 340.75 Td (after ) Tj ET Q q 0 0 0 rg BT 252.94 340.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.18 340.75 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 312.67 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 323.35 340.75 Td (that ) Tj ET Q q 0 0 0 rg BT 342.37 340.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 363.06 340.75 Td (were ) Tj ET Q q 0 0 0 rg BT 387.08 340.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 421.67 340.75 Td (towards ) Tj ET Q q 0 0 0 rg BT 459.03 340.75 Td (our ) Tj ET Q q 0 0 0 rg BT 475.82 340.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 497.63 340.75 Td (would ) Tj ET Q q 0 0 0 rg BT 526.10 340.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (remainder) Tj ET Q q 0 0 0 rg BT 116.47 328.75 Td (, ) Tj ET Q q 0 0 0 rg BT 122.02 328.75 Td (if ) Tj ET Q q 0 0 0 rg BT 129.80 328.75 Td (any) Tj ET Q q 0 0 0 rg BT 145.18 328.75 Td (, ) Tj ET Q q 0 0 0 rg BT 150.74 328.75 Td (be ) Tj ET Q q 0 0 0 rg BT 164.64 328.75 Td (available ) Tj ET Q q 0 0 0 rg BT 206.89 328.75 Td (for ) Tj ET Q q 0 0 0 rg BT 221.34 328.75 Td (the ) Tj ET Q q 0 0 0 rg BT 238.02 328.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 270.82 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 281.94 328.75 Td (our ) Tj ET Q q 0 0 0 rg BT 299.17 328.75 Td (Shareholders. ) Tj ET Q q 0 0 0 rg BT 364.21 328.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (Availability ) Tj ET Q q 0 0 0 rg BT 129.90 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 152.78 307.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 178.44 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 192.98 307.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 229.76 307.75 Td (or ) Tj ET Q q 0 0 0 rg BT 244.86 307.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 298.84 307.75 Td (to ) Tj ET Q q 0 0 0 rg BT 313.38 307.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 359.60 307.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 395.26 307.75 Td (fund ) Tj ET Q q 0 0 0 rg BT 422.01 307.75 Td (future ) Tj ET Q q 0 0 0 rg BT 455.44 307.75 Td (development ) Tj ET Q q 0 0 0 rg BT 522.22 307.75 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (acquisitions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.96 274.75 Td (future ) Tj ET Q q 0 0 0 rg BT 118.26 274.75 Td (development ) Tj ET Q q 0 0 0 rg BT 177.26 274.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.33 274.75 Td (our ) Tj ET Q q 0 0 0 rg BT 203.51 274.75 Td (business ) Tj ET Q q 0 0 0 rg BT 244.71 274.75 Td (may ) Tj ET Q q 0 0 0 rg BT 265.33 274.75 Td (be ) Tj ET Q q 0 0 0 rg BT 278.19 274.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 327.19 274.75 Td (on ) Tj ET Q q 0 0 0 rg BT 340.04 274.75 Td (our ) Tj ET Q q 0 0 0 rg BT 356.23 274.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 383.52 274.75 Td (to ) Tj ET Q q 0 0 0 rg BT 393.59 274.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 422.57 274.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 467.11 274.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 497.75 274.75 Td (including, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 262.75 Td (but ) Tj ET Q q 0 0 0 rg BT 87.45 262.75 Td (not ) Tj ET Q q 0 0 0 rg BT 102.91 262.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 133.36 262.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 146.03 262.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 167.05 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 185.28 262.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 213.52 262.75 Td (financing. ) Tj ET Q q 0 0 0 rg BT 257.88 262.75 Td (Unpredictable ) Tj ET Q q 0 0 0 rg BT 321.14 262.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.38 262.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 396.50 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.74 262.75 Td (the ) Tj ET Q q 0 0 0 rg BT 430.19 262.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 479.55 262.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 505.56 262.75 Td (impacts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (may ) Tj ET Q q 0 0 0 rg BT 93.52 250.75 Td (impede ) Tj ET Q q 0 0 0 rg BT 128.94 250.75 Td (our ) Tj ET Q q 0 0 0 rg BT 146.02 250.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 174.21 250.75 Td (to ) Tj ET Q q 0 0 0 rg BT 185.17 250.75 Td (secure ) Tj ET Q q 0 0 0 rg BT 217.81 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.12 250.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 277.55 250.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 298.51 250.75 Td (ef) Tj ET Q q 0 0 0 rg BT 306.67 250.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 338.20 250.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 380.85 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 400.16 250.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 420.56 250.75 Td (our ) Tj ET Q q 0 0 0 rg BT 437.64 250.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 465.83 250.75 Td (to ) Tj ET Q q 0 0 0 rg BT 476.79 250.75 Td (achieve ) Tj ET Q q 0 0 0 rg BT 513.89 250.75 Td (timely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (access ) Tj ET Q q 0 0 0 rg BT 105.60 238.75 Td (to ) Tj ET Q q 0 0 0 rg BT 116.43 238.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 147.81 238.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 185.86 238.75 Td (on ) Tj ET Q q 0 0 0 rg BT 199.46 238.75 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 250.31 238.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 277.79 238.75 Td (and ) Tj ET Q q 0 0 0 rg BT 296.96 238.75 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 347.25 238.75 Td (If ) Tj ET Q q 0 0 0 rg BT 355.29 238.75 Td (external ) Tj ET Q q 0 0 0 rg BT 393.34 238.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 430.84 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 441.66 238.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 473.05 238.75 Td (become ) Tj ET Q q 0 0 0 rg BT 511.11 238.75 Td (limited ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 226.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.56 226.75 Td (unavailable, ) Tj ET Q q 0 0 0 rg BT 139.61 226.75 Td (our ) Tj ET Q q 0 0 0 rg BT 156.74 226.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.97 226.75 Td (to ) Tj ET Q q 0 0 0 rg BT 195.99 226.75 Td (make ) Tj ET Q q 0 0 0 rg BT 223.11 226.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 254.69 226.75 Td (investments, ) Tj ET Q q 0 0 0 rg BT 313.50 226.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 353.98 226.75 Td (our ) Tj ET Q q 0 0 0 rg BT 371.10 226.75 Td (business ) Tj ET Q q 0 0 0 rg BT 413.24 226.75 Td (plan, ) Tj ET Q q 0 0 0 rg BT 437.60 226.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 462.50 226.75 Td (all ) Tj ET Q q 0 0 0 rg BT 475.18 226.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.19 226.75 Td (our ) Tj ET Q q 0 0 0 rg BT 503.32 226.75 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 122.48 214.75 Td (as ) Tj ET Q q 0 0 0 rg BT 135.72 214.75 Td (they ) Tj ET Q q 0 0 0 rg BT 157.29 214.75 Td (come ) Tj ET Q q 0 0 0 rg BT 184.41 214.75 Td (due ) Tj ET Q q 0 0 0 rg BT 203.77 214.75 Td (and ) Tj ET Q q 0 0 0 rg BT 223.13 214.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 263.60 214.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 300.17 214.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 347.31 214.75 Td (may ) Tj ET Q q 0 0 0 rg BT 368.88 214.75 Td (be ) Tj ET Q q 0 0 0 rg BT 382.67 214.75 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 426.47 214.75 Td (Should ) Tj ET Q q 0 0 0 rg BT 460.28 214.75 Td (a ) Tj ET Q q 0 0 0 rg BT 468.51 214.75 Td (lack ) Tj ET Q q 0 0 0 rg BT 488.97 214.75 Td (of ) Tj ET Q q 0 0 0 rg BT 499.98 214.75 Td (financing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 202.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.61 202.75 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 143.45 202.75 Td (in ) Tj ET Q q 0 0 0 rg BT 154.16 202.75 Td (the ) Tj ET Q q 0 0 0 rg BT 170.98 202.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 202.82 202.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 241.30 202.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 287.02 202.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 319.40 202.75 Td (our ) Tj ET Q q 0 0 0 rg BT 336.78 202.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 365.27 202.75 Td (to ) Tj ET Q q 0 0 0 rg BT 376.54 202.75 Td (refinance ) Tj ET Q q 0 0 0 rg BT 420.60 202.75 Td (debt, ) Tj ET Q q 0 0 0 rg BT 445.76 202.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 491.50 202.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 521.11 202.75 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 190.75 Td (be ) Tj ET Q q 0 0 0 rg BT 85.82 190.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 117.43 190.75 Td (which ) Tj ET Q q 0 0 0 rg BT 145.69 190.75 Td (could ) Tj ET Q q 0 0 0 rg BT 172.30 190.75 Td (have ) Tj ET Q q 0 0 0 rg BT 196.69 190.75 Td (a ) Tj ET Q q 0 0 0 rg BT 204.95 190.75 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 238.77 190.75 Td (ef) Tj ET Q q 0 0 0 rg BT 246.93 190.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 265.75 190.75 Td (on ) Tj ET Q q 0 0 0 rg BT 279.57 190.75 Td (Shareholders. ) Tj ET Q q 0 0 0 rg BT 344.00 190.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 394.40 190.75 Td (, ) Tj ET Q q 0 0 0 rg BT 399.88 190.75 Td (from ) Tj ET Q q 0 0 0 rg BT 422.58 190.75 Td (time ) Tj ET Q q 0 0 0 rg BT 444.17 190.75 Td (to ) Tj ET Q q 0 0 0 rg BT 455.21 190.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 479.58 190.75 Td (we ) Tj ET Q q 0 0 0 rg BT 495.06 190.75 Td (may ) Tj ET Q q 0 0 0 rg BT 516.65 190.75 Td (issue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 178.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 116.30 178.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 151.71 178.75 Td (or ) Tj ET Q q 0 0 0 rg BT 164.34 178.75 Td (other ) Tj ET Q q 0 0 0 rg BT 190.86 178.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 236.83 178.75 Td (from ) Tj ET Q q 0 0 0 rg BT 260.56 178.75 Td (treasury ) Tj ET Q q 0 0 0 rg BT 300.42 178.75 Td (in ) Tj ET Q q 0 0 0 rg BT 311.93 178.75 Td (order ) Tj ET Q q 0 0 0 rg BT 339.01 178.75 Td (to ) Tj ET Q q 0 0 0 rg BT 351.08 178.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 385.39 178.75 Td (debt, ) Tj ET Q q 0 0 0 rg BT 411.36 178.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 455.67 178.75 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 511.65 178.75 Td (and/or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 166.75 Td (optimize ) Tj ET Q q 0 0 0 rg BT 112.01 166.75 Td (our ) Tj ET Q q 0 0 0 rg BT 129.25 166.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 160.93 166.75 Td (structure. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 145.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.24 145.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 121.38 145.75 Td (to ) Tj ET Q q 0 0 0 rg BT 133.30 145.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 164.12 145.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 210.50 145.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.98 145.75 Td (is ) Tj ET Q q 0 0 0 rg BT 253.78 145.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 304.62 145.75 Td (on, ) Tj ET Q q 0 0 0 rg BT 322.09 145.75 Td (among ) Tj ET Q q 0 0 0 rg BT 356.24 145.75 Td (other ) Tj ET Q q 0 0 0 rg BT 382.61 145.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 415.65 145.75 Td (a ) Tj ET Q q 0 0 0 rg BT 424.78 145.75 Td (general ) Tj ET Q q 0 0 0 rg BT 461.71 145.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.08 145.75 Td (in ) Tj ET Q q 0 0 0 rg BT 509.44 145.75 Td (energy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 133.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 109.79 133.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 165.93 133.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 188.17 133.75 Td (in ) Tj ET Q q 0 0 0 rg BT 198.73 133.75 Td (particular) Tj ET Q q 0 0 0 rg BT 239.30 133.75 Td (, ) Tj ET Q q 0 0 0 rg BT 244.86 133.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 280.43 133.75 Td (in ) Tj ET Q q 0 0 0 rg BT 290.99 133.75 Td (our ) Tj ET Q q 0 0 0 rg BT 308.23 133.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 353.24 133.75 Td (along ) Tj ET Q q 0 0 0 rg BT 380.49 133.75 Td (with ) Tj ET Q q 0 0 0 rg BT 401.05 133.75 Td (our ) Tj ET Q q 0 0 0 rg BT 418.28 133.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 446.62 133.75 Td (to ) Tj ET Q q 0 0 0 rg BT 457.74 133.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 498.32 133.75 Td (our) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.77 133.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 515.55 133.75 Td (credit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 121.75 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 107.44 121.75 Td (If ) Tj ET Q q 0 0 0 rg BT 115.64 121.75 Td (we ) Tj ET Q q 0 0 0 rg BT 131.06 121.75 Td (are ) Tj ET Q q 0 0 0 rg BT 148.16 121.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 180.84 121.75 Td (to ) Tj ET Q q 0 0 0 rg BT 191.82 121.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 232.26 121.75 Td (our ) Tj ET Q q 0 0 0 rg BT 249.36 121.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 311.49 121.75 Td (and ) Tj ET Q q 0 0 0 rg BT 330.82 121.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.16 121.75 Td (ratios ) Tj ET Q q 0 0 0 rg BT 397.25 121.75 Td (at ) Tj ET Q q 0 0 0 rg BT 408.24 121.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 436.45 121.75 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 487.46 121.75 Td (to ) Tj ET Q q 0 0 0 rg BT 498.45 121.75 Td (our ) Tj ET Q q 0 0 0 rg BT 515.54 121.75 Td (credit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 109.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 98.92 109.75 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 143.63 109.75 Td (or ) Tj ET Q q 0 0 0 rg BT 154.42 109.75 Td (should ) Tj ET Q q 0 0 0 rg BT 185.79 109.75 Td (our ) Tj ET Q q 0 0 0 rg BT 202.14 109.75 Td (business ) Tj ET Q q 0 0 0 rg BT 243.51 109.75 Td (prospects ) Tj ET Q q 0 0 0 rg BT 288.77 109.75 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 341.26 109.75 Td (our ) Tj ET Q q 0 0 0 rg BT 357.61 109.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 383.97 109.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 415.88 109.75 Td (could ) Tj ET Q q 0 0 0 rg BT 441.69 109.75 Td (be ) Tj ET Q q 0 0 0 rg BT 454.72 109.75 Td (downgraded, ) Tj ET Q q 0 0 0 rg BT 514.44 109.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 97.75 Td (would ) Tj ET Q q 0 0 0 rg BT 100.46 97.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 145.58 97.75 Td (af) Tj ET Q q 0 0 0 rg BT 153.74 97.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 172.19 97.75 Td (the ) Tj ET Q q 0 0 0 rg BT 188.42 97.75 Td (value ) Tj ET Q q 0 0 0 rg BT 214.65 97.75 Td (of ) Tj ET Q q 0 0 0 rg BT 225.32 97.75 Td (our ) Tj ET Q q 0 0 0 rg BT 242.10 97.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 296.14 97.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 340.70 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 359.71 97.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 395.95 97.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 417.74 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 436.75 97.75 Td (our ) Tj ET Q q 0 0 0 rg BT 453.53 97.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 481.43 97.75 Td (to ) Tj ET Q q 0 0 0 rg BT 492.10 97.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 521.67 97.75 Td (new ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 85.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 114.81 85.75 Td (and ) Tj ET Q q 0 0 0 rg BT 134.27 85.75 Td (may ) Tj ET Q q 0 0 0 rg BT 155.94 85.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 196.52 85.75 Td (our ) Tj ET Q q 0 0 0 rg BT 213.75 85.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 260.44 85.75 Td (costs.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I50 Do Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (33) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (From ) Tj ET Q q 0 0 0 rg BT 98.12 712.75 Td (time ) Tj ET Q q 0 0 0 rg BT 119.80 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 130.92 712.75 Td (time ) Tj ET Q q 0 0 0 rg BT 152.60 712.75 Td (we ) Tj ET Q q 0 0 0 rg BT 168.17 712.75 Td (may ) Tj ET Q q 0 0 0 rg BT 189.85 712.75 Td (enter ) Tj ET Q q 0 0 0 rg BT 215.43 712.75 Td (into ) Tj ET Q q 0 0 0 rg BT 234.34 712.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 291.05 712.75 Td (which ) Tj ET Q q 0 0 0 rg BT 319.40 712.75 Td (may ) Tj ET Q q 0 0 0 rg BT 341.08 712.75 Td (be ) Tj ET Q q 0 0 0 rg BT 354.99 712.75 Td (financed ) Tj ET Q q 0 0 0 rg BT 395.59 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 406.16 712.75 Td (whole ) Tj ET Q q 0 0 0 rg BT 435.07 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 446.75 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 457.32 712.75 Td (part ) Tj ET Q q 0 0 0 rg BT 477.34 712.75 Td (with ) Tj ET Q q 0 0 0 rg BT 497.91 712.75 Td (debt. ) Tj ET Q q 0 0 0 rg BT 522.76 712.75 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (level ) Tj ET Q q 0 0 0 rg BT 95.00 700.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.78 700.75 Td (our ) Tj ET Q q 0 0 0 rg BT 122.67 700.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 184.60 700.75 Td (from ) Tj ET Q q 0 0 0 rg BT 207.04 700.75 Td (time ) Tj ET Q q 0 0 0 rg BT 228.37 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 239.15 700.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 263.26 700.75 Td (could ) Tj ET Q q 0 0 0 rg BT 289.60 700.75 Td (impair ) Tj ET Q q 0 0 0 rg BT 319.27 700.75 Td (our ) Tj ET Q q 0 0 0 rg BT 336.16 700.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 364.16 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 374.94 700.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 404.62 700.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 449.87 700.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 492.34 700.75 Td (on ) Tj ET Q q 0 0 0 rg BT 505.90 700.75 Td (a ) Tj ET Q q 0 0 0 rg BT 513.90 700.75 Td (timely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 98.12 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 109.24 688.75 Td (take ) Tj ET Q q 0 0 0 rg BT 130.92 688.75 Td (advantage ) Tj ET Q q 0 0 0 rg BT 180.41 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 191.53 688.75 Td (business ) Tj ET Q q 0 0 0 rg BT 233.77 688.75 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 293.81 688.75 Td (that ) Tj ET Q q 0 0 0 rg BT 313.27 688.75 Td (may ) Tj ET Q q 0 0 0 rg BT 334.94 688.75 Td (arise.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.76 667.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 124.64 667.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 170.42 667.75 Td (may ) Tj ET Q q 0 0 0 rg BT 193.42 667.75 Td (not ) Tj ET Q q 0 0 0 rg BT 211.95 667.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 251.05 667.75 Td (suf) Tj ET Q q 0 0 0 rg BT 265.87 667.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 298.31 667.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 339.62 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.38 667.75 Td (a ) Tj ET Q q 0 0 0 rg BT 368.93 667.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 401.92 667.75 Td (to ) Tj ET Q q 0 0 0 rg BT 414.35 667.75 Td (renew ) Tj ET Q q 0 0 0 rg BT 446.23 667.75 Td (our ) Tj ET Q q 0 0 0 rg BT 465.32 667.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 497.20 667.75 Td (Facilities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (could ) Tj ET Q q 0 0 0 rg BT 101.44 655.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 150.37 655.75 Td (af) Tj ET Q q 0 0 0 rg BT 159.08 655.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 179.64 655.75 Td (our ) Tj ET Q q 0 0 0 rg BT 198.53 655.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.87 655.75 Td (condition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 634.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.78 634.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 128.81 634.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 158.60 634.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 200.61 634.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.41 634.75 Td (any ) Tj ET Q q 0 0 0 rg BT 239.64 634.75 Td (replacement ) Tj ET Q q 0 0 0 rg BT 297.79 634.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 325.36 634.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 364.04 634.75 Td (may ) Tj ET Q q 0 0 0 rg BT 386.04 634.75 Td (not ) Tj ET Q q 0 0 0 rg BT 403.06 634.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 438.97 634.75 Td (suf) Tj ET Q q 0 0 0 rg BT 452.13 634.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 481.37 634.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 513.98 634.75 Td (. ) Tj ET Q q 0 0 0 rg BT 519.87 634.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.78 634.75 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 112.87 622.75 Td (available ) Tj ET Q q 0 0 0 rg BT 154.85 622.75 Td (under ) Tj ET Q q 0 0 0 rg BT 182.94 622.75 Td (our ) Tj ET Q q 0 0 0 rg BT 199.91 622.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 236.32 622.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 265.51 622.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 306.92 622.75 Td (may ) Tj ET Q q 0 0 0 rg BT 328.32 622.75 Td (not ) Tj ET Q q 0 0 0 rg BT 344.74 622.75 Td (be ) Tj ET Q q 0 0 0 rg BT 358.37 622.75 Td (suf) Tj ET Q q 0 0 0 rg BT 371.53 622.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 400.17 622.75 Td (for ) Tj ET Q q 0 0 0 rg BT 414.35 622.75 Td (future ) Tj ET Q q 0 0 0 rg BT 442.43 622.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 494.42 622.75 Td (or ) Tj ET Q q 0 0 0 rg BT 505.83 622.75 Td (we ) Tj ET Q q 0 0 0 rg BT 521.12 622.75 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (not ) Tj ET Q q 0 0 0 rg BT 89.61 610.75 Td (be ) Tj ET Q q 0 0 0 rg BT 104.43 610.75 Td (able ) Tj ET Q q 0 0 0 rg BT 127.05 610.75 Td (to ) Tj ET Q q 0 0 0 rg BT 139.09 610.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 170.04 610.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 216.56 610.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 260.29 610.75 Td (on ) Tj ET Q q 0 0 0 rg BT 275.12 610.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 321.63 610.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 350.33 610.75 Td (attractive ) Tj ET Q q 0 0 0 rg BT 394.61 610.75 Td (to ) Tj ET Q q 0 0 0 rg BT 406.65 610.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 423.70 610.75 Td (if ) Tj ET Q q 0 0 0 rg BT 432.40 610.75 Td (at ) Tj ET Q q 0 0 0 rg BT 444.45 610.75 Td (all. ) Tj ET Q q 0 0 0 rg BT 460.93 610.75 Td ( ) Tj ET Q q 0 0 0 rg BT 464.40 610.75 Td (There ) Tj ET Q q 0 0 0 rg BT 494.23 610.75 Td (can ) Tj ET Q q 0 0 0 rg BT 514.05 610.75 Td (be ) Tj ET Q q 0 0 0 rg BT 528.88 610.75 Td (no ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 119.66 598.75 Td (that ) Tj ET Q q 0 0 0 rg BT 137.87 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 153.29 598.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 188.17 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 198.04 598.75 Td (our ) Tj ET Q q 0 0 0 rg BT 214.02 598.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 242.22 598.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 282.64 598.75 Td (will ) Tj ET Q q 0 0 0 rg BT 298.05 598.75 Td (be ) Tj ET Q q 0 0 0 rg BT 310.70 598.75 Td (adequate ) Tj ET Q q 0 0 0 rg BT 353.93 598.75 Td (for ) Tj ET Q q 0 0 0 rg BT 367.13 598.75 Td (our ) Tj ET Q q 0 0 0 rg BT 383.10 598.75 Td (future ) Tj ET Q q 0 0 0 rg BT 410.20 598.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.41 598.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 500.53 598.75 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 586.75 Td (future ) Tj ET Q q 0 0 0 rg BT 100.23 586.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 131.80 586.75 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 194.51 586.75 Td (or ) Tj ET Q q 0 0 0 rg BT 206.06 586.75 Td (that ) Tj ET Q q 0 0 0 rg BT 225.40 586.75 Td (we ) Tj ET Q q 0 0 0 rg BT 240.85 586.75 Td (will ) Tj ET Q q 0 0 0 rg BT 257.40 586.75 Td (be ) Tj ET Q q 0 0 0 rg BT 271.19 586.75 Td (able ) Tj ET Q q 0 0 0 rg BT 292.75 586.75 Td (to ) Tj ET Q q 0 0 0 rg BT 303.76 586.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 333.67 586.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 379.14 586.75 Td (funds. ) Tj ET Q q 0 0 0 rg BT 409.05 586.75 Td ( ) Tj ET Q q 0 0 0 rg BT 411.71 586.75 Td (In ) Tj ET Q q 0 0 0 rg BT 422.71 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 439.28 586.75 Td (event ) Tj ET Q q 0 0 0 rg BT 466.40 586.75 Td (we ) Tj ET Q q 0 0 0 rg BT 481.85 586.75 Td (are ) Tj ET Q q 0 0 0 rg BT 498.97 586.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 531.66 586.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td (refinance ) Tj ET Q q 0 0 0 rg BT 116.41 574.75 Td (our ) Tj ET Q q 0 0 0 rg BT 134.13 574.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 156.86 574.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 210.72 574.75 Td (it ) Tj ET Q q 0 0 0 rg BT 218.99 574.75 Td (may ) Tj ET Q q 0 0 0 rg BT 241.15 574.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 273.88 574.75 Td (our ) Tj ET Q q 0 0 0 rg BT 291.60 574.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 320.43 574.75 Td (to ) Tj ET Q q 0 0 0 rg BT 332.04 574.75 Td (fund ) Tj ET Q q 0 0 0 rg BT 354.78 574.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 393.64 574.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 446.38 574.75 Td ( ) Tj ET Q q 0 0 0 rg BT 449.65 574.75 Td (In ) Tj ET Q q 0 0 0 rg BT 461.26 574.75 Td (the ) Tj ET Q q 0 0 0 rg BT 478.43 574.75 Td (event ) Tj ET Q q 0 0 0 rg BT 506.17 574.75 Td (that ) Tj ET Q q 0 0 0 rg BT 526.12 574.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 102.76 562.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 145.74 562.75 Td (are ) Tj ET Q q 0 0 0 rg BT 164.28 562.75 Td (not ) Tj ET Q q 0 0 0 rg BT 182.27 562.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 227.50 562.75 Td (before ) Tj ET Q q 0 0 0 rg BT 259.94 562.75 Td (June4, ) Tj ET Q q 0 0 0 rg BT 296.83 562.75 Td (2020, ) Tj ET Q q 0 0 0 rg BT 325.94 562.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 389.52 562.75 Td (under ) Tj ET Q q 0 0 0 rg BT 419.18 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 437.17 562.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 467.93 562.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 510.91 562.75 Td (will ) Tj ET Q q 0 0 0 rg BT 528.89 562.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (repayable ) Tj ET Q q 0 0 0 rg BT 118.32 550.75 Td (at ) Tj ET Q q 0 0 0 rg BT 129.05 550.75 Td (that ) Tj ET Q q 0 0 0 rg BT 148.13 550.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 172.04 550.75 Td (There ) Tj ET Q q 0 0 0 rg BT 200.56 550.75 Td (is ) Tj ET Q q 0 0 0 rg BT 210.18 550.75 Td (also ) Tj ET Q q 0 0 0 rg BT 230.92 550.75 Td (a ) Tj ET Q q 0 0 0 rg BT 238.88 550.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 256.83 550.75 Td (that ) Tj ET Q q 0 0 0 rg BT 275.91 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 292.21 550.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 321.28 550.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 362.57 550.75 Td (will ) Tj ET Q q 0 0 0 rg BT 378.85 550.75 Td (not ) Tj ET Q q 0 0 0 rg BT 395.15 550.75 Td (be ) Tj ET Q q 0 0 0 rg BT 408.67 550.75 Td (renewed ) Tj ET Q q 0 0 0 rg BT 449.43 550.75 Td (for ) Tj ET Q q 0 0 0 rg BT 463.50 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.79 550.75 Td (same ) Tj ET Q q 0 0 0 rg BT 506.64 550.75 Td (amount ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 538.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.50 538.75 Td (on ) Tj ET Q q 0 0 0 rg BT 97.23 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.75 538.75 Td (same ) Tj ET Q q 0 0 0 rg BT 140.81 538.75 Td (terms. ) Tj ET Q q 0 0 0 rg BT 171.20 538.75 Td ( ) Tj ET Q q 0 0 0 rg BT 173.81 538.75 Td (In ) Tj ET Q q 0 0 0 rg BT 184.76 538.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 225.17 538.75 Td (we ) Tj ET Q q 0 0 0 rg BT 240.57 538.75 Td (are ) Tj ET Q q 0 0 0 rg BT 257.63 538.75 Td (required ) Tj ET Q q 0 0 0 rg BT 296.93 538.75 Td (to ) Tj ET Q q 0 0 0 rg BT 307.88 538.75 Td (repay ) Tj ET Q q 0 0 0 rg BT 335.50 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.01 538.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 383.53 538.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 412.26 538.75 Td (at ) Tj ET Q q 0 0 0 rg BT 423.21 538.75 Td (maturity) Tj ET Q q 0 0 0 rg BT 458.03 538.75 Td (. ) Tj ET Q q 0 0 0 rg BT 463.42 538.75 Td ( ) Tj ET Q q 0 0 0 rg BT 466.03 538.75 Td (See ) Tj ET Q q 0 0 0 rg BT 486.43 538.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 489.98 538.75 Td (Description ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 526.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 117.02 526.75 Td (Structure) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.60 526.75 Td (".) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 505.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.09 505.75 Td (are ) Tj ET Q q 0 0 0 rg BT 106.38 505.75 Td (not ) Tj ET Q q 0 0 0 rg BT 124.20 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 141.47 505.75 Td (operator ) Tj ET Q q 0 0 0 rg BT 184.30 505.75 Td (of ) Tj ET Q q 0 0 0 rg BT 196.02 505.75 Td (our ) Tj ET Q q 0 0 0 rg BT 214.40 505.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 250.00 505.75 Td (locations ) Tj ET Q q 0 0 0 rg BT 296.17 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 307.33 505.75 Td (our ) Tj ET Q q 0 0 0 rg BT 325.71 505.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 354.66 505.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 379.15 505.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 419.23 505.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 442.06 505.75 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 490.45 505.75 Td (we ) Tj ET Q q 0 0 0 rg BT 506.07 505.75 Td (will ) Tj ET Q q 0 0 0 rg BT 524.45 505.75 Td (not ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (be ) Tj ET Q q 0 0 0 rg BT 87.64 493.75 Td (able ) Tj ET Q q 0 0 0 rg BT 111.62 493.75 Td (to ) Tj ET Q q 0 0 0 rg BT 125.03 493.75 Td (control ) Tj ET Q q 0 0 0 rg BT 162.89 493.75 Td (the ) Tj ET Q q 0 0 0 rg BT 181.86 493.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 215.82 493.75 Td (of ) Tj ET Q q 0 0 0 rg BT 229.23 493.75 Td (development, ) Tj ET Q q 0 0 0 rg BT 297.66 493.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 353.33 493.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 383.42 493.75 Td (or ) Tj ET Q q 0 0 0 rg BT 397.39 493.75 Td (the ) Tj ET Q q 0 0 0 rg BT 416.36 493.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 438.68 493.75 Td (of ) Tj ET Q q 0 0 0 rg BT 452.09 493.75 Td (production ) Tj ET Q q 0 0 0 rg BT 508.27 493.75 Td (of ) Tj ET Q q 0 0 0 rg BT 521.68 493.75 Td (that ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (acreage) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 117.94 460.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 133.85 460.75 Td (EF ) Tj ET Q q 0 0 0 rg BT 150.32 460.75 Td (LLC ) Tj ET Q q 0 0 0 rg BT 172.35 460.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.23 460.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 227.92 460.75 Td (Oil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 241.26 460.75 Td ("\), ) Tj ET Q q 0 0 0 rg BT 254.60 460.75 Td (a ) Tj ET Q q 0 0 0 rg BT 263.85 460.75 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 328.13 460.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 376.84 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 388.87 460.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 434.81 460.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 450.72 460.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 506.66 460.75 Td (\(NYSE: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (MRO\), ) Tj ET Q q 0 0 0 rg BT 103.05 448.75 Td (is ) Tj ET Q q 0 0 0 rg BT 111.89 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.40 448.75 Td (operator ) Tj ET Q q 0 0 0 rg BT 166.26 448.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.22 448.75 Td (our ) Tj ET Q q 0 0 0 rg BT 192.29 448.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 219.48 448.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 241.65 448.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 279.40 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.70 448.75 Td (we ) Tj ET Q q 0 0 0 rg BT 312.10 448.75 Td (are ) Tj ET Q q 0 0 0 rg BT 328.17 448.75 Td (reliant ) Tj ET Q q 0 0 0 rg BT 357.02 448.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 380.88 448.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 424.74 448.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 438.58 448.75 Td (to ) Tj ET Q q 0 0 0 rg BT 448.53 448.75 Td (operate ) Tj ET Q q 0 0 0 rg BT 484.06 448.75 Td (successfully) Tj ET Q q 0 0 0 rg BT 537.22 448.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 116.94 436.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 131.85 436.75 Td (will ) Tj ET Q q 0 0 0 rg BT 148.42 436.75 Td (make ) Tj ET Q q 0 0 0 rg BT 175.57 436.75 Td (decisions ) Tj ET Q q 0 0 0 rg BT 219.95 436.75 Td (based ) Tj ET Q q 0 0 0 rg BT 249.88 436.75 Td (on ) Tj ET Q q 0 0 0 rg BT 263.70 436.75 Td (its ) Tj ET Q q 0 0 0 rg BT 276.39 436.75 Td (own ) Tj ET Q q 0 0 0 rg BT 297.42 436.75 Td (best ) Tj ET Q q 0 0 0 rg BT 319.01 436.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 354.49 436.75 Td (and ) Tj ET Q q 0 0 0 rg BT 373.87 436.75 Td (the ) Tj ET Q q 0 0 0 rg BT 390.46 436.75 Td (collective ) Tj ET Q q 0 0 0 rg BT 434.28 436.75 Td (best ) Tj ET Q q 0 0 0 rg BT 455.87 436.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 491.35 436.75 Td (of ) Tj ET Q q 0 0 0 rg BT 502.38 436.75 Td (all ) Tj ET Q q 0 0 0 rg BT 515.08 436.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 436.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (working ) Tj ET Q q 0 0 0 rg BT 109.33 424.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 145.00 424.75 Td (owners ) Tj ET Q q 0 0 0 rg BT 180.12 424.75 Td (of ) Tj ET Q q 0 0 0 rg BT 191.33 424.75 Td (this ) Tj ET Q q 0 0 0 rg BT 209.77 424.75 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 251.56 424.75 Td (which ) Tj ET Q q 0 0 0 rg BT 280.00 424.75 Td (may ) Tj ET Q q 0 0 0 rg BT 301.77 424.75 Td (not ) Tj ET Q q 0 0 0 rg BT 318.55 424.75 Td (be ) Tj ET Q q 0 0 0 rg BT 332.55 424.75 Td (in ) Tj ET Q q 0 0 0 rg BT 343.21 424.75 Td (our ) Tj ET Q q 0 0 0 rg BT 360.54 424.75 Td (best ) Tj ET Q q 0 0 0 rg BT 382.31 424.75 Td (interest. ) Tj ET Q q 0 0 0 rg BT 420.76 424.75 Td (W) Tj ET Q q 0 0 0 rg BT 430.02 424.75 Td (e ) Tj ET Q q 0 0 0 rg BT 438.46 424.75 Td (have ) Tj ET Q q 0 0 0 rg BT 463.02 424.75 Td (a ) Tj ET Q q 0 0 0 rg BT 471.45 424.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 503.23 424.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 531.67 424.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 412.75 Td (exercise ) Tj ET Q q 0 0 0 rg BT 111.26 412.75 Td (influence ) Tj ET Q q 0 0 0 rg BT 153.31 412.75 Td (over ) Tj ET Q q 0 0 0 rg BT 174.78 412.75 Td (the ) Tj ET Q q 0 0 0 rg BT 190.70 412.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 242.20 412.75 Td (decisions ) Tj ET Q q 0 0 0 rg BT 285.91 412.75 Td (of ) Tj ET Q q 0 0 0 rg BT 296.27 412.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 340.54 412.75 Td (Oil, ) Tj ET Q q 0 0 0 rg BT 357.56 412.75 Td (including ) Tj ET Q q 0 0 0 rg BT 399.05 412.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.97 412.75 Td (setting ) Tj ET Q q 0 0 0 rg BT 446.46 412.75 Td (of ) Tj ET Q q 0 0 0 rg BT 456.81 412.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 487.74 412.75 Td (expenditure ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (budgets ) Tj ET Q q 0 0 0 rg BT 111.58 400.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.25 400.75 Td (determination ) Tj ET Q q 0 0 0 rg BT 196.83 400.75 Td (of ) Tj ET Q q 0 0 0 rg BT 209.17 400.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 242.06 400.75 Td (locations ) Tj ET Q q 0 0 0 rg BT 285.52 400.75 Td (and ) Tj ET Q q 0 0 0 rg BT 306.19 400.75 Td (schedules. ) Tj ET Q q 0 0 0 rg BT 357.73 400.75 Td (The ) Tj ET Q q 0 0 0 rg BT 378.96 400.75 Td (success ) Tj ET Q q 0 0 0 rg BT 419.07 400.75 Td (and ) Tj ET Q q 0 0 0 rg BT 439.75 400.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 470.41 400.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.74 400.75 Td (development ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (activities, ) Tj ET Q q 0 0 0 rg BT 116.30 388.75 Td (operated ) Tj ET Q q 0 0 0 rg BT 158.96 388.75 Td (by ) Tj ET Q q 0 0 0 rg BT 172.70 388.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 218.12 388.75 Td (Oil, ) Tj ET Q q 0 0 0 rg BT 236.30 388.75 Td (will ) Tj ET Q q 0 0 0 rg BT 253.37 388.75 Td (depend ) Tj ET Q q 0 0 0 rg BT 289.92 388.75 Td (on ) Tj ET Q q 0 0 0 rg BT 304.22 388.75 Td (a ) Tj ET Q q 0 0 0 rg BT 312.96 388.75 Td (number ) Tj ET Q q 0 0 0 rg BT 350.04 388.75 Td (of ) Tj ET Q q 0 0 0 rg BT 361.56 388.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 394.75 388.75 Td (that ) Tj ET Q q 0 0 0 rg BT 414.61 388.75 Td (will ) Tj ET Q q 0 0 0 rg BT 431.67 388.75 Td (largely ) Tj ET Q q 0 0 0 rg BT 464.31 388.75 Td (be ) Tj ET Q q 0 0 0 rg BT 478.61 388.75 Td (outside ) Tj ET Q q 0 0 0 rg BT 514.04 388.75 Td (of ) Tj ET Q q 0 0 0 rg BT 525.55 388.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 376.75 Td (control, ) Tj ET Q q 0 0 0 rg BT 107.57 376.75 Td (including:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 355.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 355.75 Td (the timing and amount of capital expenditures;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 334.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 334.75 Td (Marathon Oil's expertise and financial resources;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 313.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 313.75 Td (approval of other participants in drilling wells;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 292.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 292.75 Td (selection of technology; and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 271.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 271.75 Td (the rate of production of reserves, if any) Tj ET Q q 0 0 0 rg BT 283.46 271.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 250.75 Td (o ) Tj ET Q q 0 0 0 rg BT 86.48 250.75 Td (the ) Tj ET Q q 0 0 0 rg BT 104.31 250.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 135.47 250.75 Td (that ) Tj ET Q q 0 0 0 rg BT 156.08 250.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.90 250.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 206.73 250.75 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 262.92 250.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 325.20 250.75 Td (related ) Tj ET Q q 0 0 0 rg BT 359.70 250.75 Td (to ) Tj ET Q q 0 0 0 rg BT 371.96 250.75 Td (our ) Tj ET Q q 0 0 0 rg BT 390.34 250.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 419.84 250.75 Td (Ford ) Tj ET Q q 0 0 0 rg BT 444.32 250.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 484.38 250.75 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 525.55 250.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 116.02 238.75 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 159.47 238.75 Td (it ) Tj ET Q q 0 0 0 rg BT 166.78 238.75 Td (may ) Tj ET Q q 0 0 0 rg BT 187.99 238.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 220.87 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 237.09 238.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 272.76 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 283.41 238.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 314.63 238.75 Td (we ) Tj ET Q q 0 0 0 rg BT 329.72 238.75 Td (have ) Tj ET Q q 0 0 0 rg BT 353.72 238.75 Td (available ) Tj ET Q q 0 0 0 rg BT 395.51 238.75 Td (to ) Tj ET Q q 0 0 0 rg BT 406.16 238.75 Td (invest ) Tj ET Q q 0 0 0 rg BT 434.60 238.75 Td (in ) Tj ET Q q 0 0 0 rg BT 444.69 238.75 Td (our ) Tj ET Q q 0 0 0 rg BT 461.46 238.75 Td (other ) Tj ET Q q 0 0 0 rg BT 486.56 238.75 Td (assets. ) Tj ET Q q 0 0 0 rg BT 520.56 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.87 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 525.18 238.75 Td (W) Tj ET Q q 0 0 0 rg BT 534.44 238.75 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 226.75 Td (have ) Tj ET Q q 0 0 0 rg BT 97.63 226.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.48 226.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 145.00 226.75 Td (to ) Tj ET Q q 0 0 0 rg BT 157.29 226.75 Td (elect ) Tj ET Q q 0 0 0 rg BT 182.36 226.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 221.89 226.75 Td (or ) Tj ET Q q 0 0 0 rg BT 234.73 226.75 Td (not ) Tj ET Q q 0 0 0 rg BT 252.58 226.75 Td (to ) Tj ET Q q 0 0 0 rg BT 264.87 226.75 Td (participate ) Tj ET Q q 0 0 0 rg BT 314.95 226.75 Td (in ) Tj ET Q q 0 0 0 rg BT 326.69 226.75 Td (well ) Tj ET Q q 0 0 0 rg BT 347.86 226.75 Td (locations ) Tj ET Q q 0 0 0 rg BT 391.28 226.75 Td (proposed ) Tj ET Q q 0 0 0 rg BT 436.93 226.75 Td (by ) Tj ET Q q 0 0 0 rg BT 451.44 226.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 497.63 226.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 513.80 226.75 Td (on ) Tj ET Q q 0 0 0 rg BT 528.88 226.75 Td (an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 116.69 214.75 Td (basis. ) Tj ET Q q 0 0 0 rg BT 145.82 214.75 Td ( ) Tj ET Q q 0 0 0 rg BT 148.82 214.75 Td (If ) Tj ET Q q 0 0 0 rg BT 157.37 214.75 Td (we ) Tj ET Q q 0 0 0 rg BT 173.15 214.75 Td (elect ) Tj ET Q q 0 0 0 rg BT 197.28 214.75 Td (to ) Tj ET Q q 0 0 0 rg BT 208.62 214.75 Td (not ) Tj ET Q q 0 0 0 rg BT 225.52 214.75 Td (participate ) Tj ET Q q 0 0 0 rg BT 274.65 214.75 Td (in ) Tj ET Q q 0 0 0 rg BT 285.44 214.75 Td (a ) Tj ET Q q 0 0 0 rg BT 294.00 214.75 Td (well ) Tj ET Q q 0 0 0 rg BT 314.22 214.75 Td (location, ) Tj ET Q q 0 0 0 rg BT 354.47 214.75 Td (we ) Tj ET Q q 0 0 0 rg BT 370.25 214.75 Td (forgo ) Tj ET Q q 0 0 0 rg BT 396.05 214.75 Td (any ) Tj ET Q q 0 0 0 rg BT 415.17 214.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 454.31 214.75 Td (from ) Tj ET Q q 0 0 0 rg BT 477.30 214.75 Td (such ) Tj ET Q q 0 0 0 rg BT 501.43 214.75 Td (well ) Tj ET Q q 0 0 0 rg BT 521.65 214.75 Td (until ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 202.75 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 116.73 202.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 131.44 202.75 Td (has ) Tj ET Q q 0 0 0 rg BT 150.04 202.75 Td (recouped, ) Tj ET Q q 0 0 0 rg BT 197.00 202.75 Td (from ) Tj ET Q q 0 0 0 rg BT 219.49 202.75 Td (our ) Tj ET Q q 0 0 0 rg BT 236.42 202.75 Td (working ) Tj ET Q q 0 0 0 rg BT 273.37 202.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 308.64 202.75 Td (share ) Tj ET Q q 0 0 0 rg BT 336.14 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 346.97 202.75 Td (production ) Tj ET Q q 0 0 0 rg BT 396.15 202.75 Td (from ) Tj ET Q q 0 0 0 rg BT 418.63 202.75 Td (such ) Tj ET Q q 0 0 0 rg BT 442.24 202.75 Td (well, ) Tj ET Q q 0 0 0 rg BT 464.73 202.75 Td (300% ) Tj ET Q q 0 0 0 rg BT 492.79 202.75 Td (to ) Tj ET Q q 0 0 0 rg BT 503.61 202.75 Td (500% ) Tj ET Q q 0 0 0 rg BT 531.67 202.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 190.75 Td (our ) Tj ET Q q 0 0 0 rg BT 89.23 190.75 Td (working ) Tj ET Q q 0 0 0 rg BT 126.47 190.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 162.04 190.75 Td (share ) Tj ET Q q 0 0 0 rg BT 189.83 190.75 Td (of ) Tj ET Q q 0 0 0 rg BT 200.95 190.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.63 190.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 238.75 190.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.87 190.75 Td (such ) Tj ET Q q 0 0 0 rg BT 273.77 190.75 Td (operation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 169.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.51 169.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.80 169.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 196.11 169.75 Td (is ) Tj ET Q q 0 0 0 rg BT 206.17 169.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 266.25 169.75 Td (af) Tj ET Q q 0 0 0 rg BT 274.96 169.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 306.14 169.75 Td (by ) Tj ET Q q 0 0 0 rg BT 319.54 169.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.27 169.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 358.56 169.75 Td (of ) Tj ET Q q 0 0 0 rg BT 369.72 169.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 424.24 169.75 Td (and ) Tj ET Q q 0 0 0 rg BT 443.74 169.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 491.03 169.75 Td (our ) Tj ET Q q 0 0 0 rg BT 508.87 169.75 Td (assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.16 148.75 Td (development ) Tj ET Q q 0 0 0 rg BT 150.92 148.75 Td (and ) Tj ET Q q 0 0 0 rg BT 170.09 148.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 214.28 148.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 240.12 148.75 Td (are ) Tj ET Q q 0 0 0 rg BT 257.06 148.75 Td (af) Tj ET Q q 0 0 0 rg BT 265.22 148.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 294.95 148.75 Td (by ) Tj ET Q q 0 0 0 rg BT 308.01 148.75 Td (a ) Tj ET Q q 0 0 0 rg BT 316.06 148.75 Td (number ) Tj ET Q q 0 0 0 rg BT 352.46 148.75 Td (of ) Tj ET Q q 0 0 0 rg BT 363.29 148.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 395.79 148.75 Td (including, ) Tj ET Q q 0 0 0 rg BT 440.54 148.75 Td (but ) Tj ET Q q 0 0 0 rg BT 456.93 148.75 Td (not ) Tj ET Q q 0 0 0 rg BT 473.32 148.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 504.71 148.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 518.32 148.75 Td (price ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (inflation; ) Tj ET Q q 0 0 0 rg BT 112.36 136.75 Td (scheduling ) Tj ET Q q 0 0 0 rg BT 163.29 136.75 Td (delays; ) Tj ET Q q 0 0 0 rg BT 198.10 136.75 Td (trucking ) Tj ET Q q 0 0 0 rg BT 236.23 136.75 Td (and ) Tj ET Q q 0 0 0 rg BT 256.03 136.75 Td (fuel ) Tj ET Q q 0 0 0 rg BT 275.27 136.75 Td (costs; ) Tj ET Q q 0 0 0 rg BT 304.51 136.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 334.86 136.75 Td (to ) Tj ET Q q 0 0 0 rg BT 346.32 136.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 387.23 136.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 419.26 136.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 476.29 136.75 Td (standards; ) Tj ET Q q 0 0 0 rg BT 526.10 136.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 94.23 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 106.45 124.75 Td (new ) Tj ET Q q 0 0 0 rg BT 128.68 124.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 188.72 124.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.29 124.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 242.09 124.75 Td (chain ) Tj ET Q q 0 0 0 rg BT 269.88 124.75 Td (disruptions, ) Tj ET Q q 0 0 0 rg BT 324.91 124.75 Td (including ) Tj ET Q q 0 0 0 rg BT 368.26 124.75 Td (access ) Tj ET Q q 0 0 0 rg BT 403.27 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 415.50 124.75 Td (skilled ) Tj ET Q q 0 0 0 rg BT 447.18 124.75 Td (labour) Tj ET Q q 0 0 0 rg BT 474.42 124.75 Td (. ) Tj ET Q q 0 0 0 rg BT 481.09 124.75 Td ( ) Tj ET Q q 0 0 0 rg BT 484.97 124.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 521.10 124.75 Td (gas, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (electricity) Tj ET Q q 0 0 0 rg BT 112.93 112.75 Td (, ) Tj ET Q q 0 0 0 rg BT 118.18 112.75 Td (water) Tj ET Q q 0 0 0 rg BT 142.08 112.75 Td (, ) Tj ET Q q 0 0 0 rg BT 147.33 112.75 Td (diluent, ) Tj ET Q q 0 0 0 rg BT 182.04 112.75 Td (chemicals, ) Tj ET Q q 0 0 0 rg BT 231.75 112.75 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 273.69 112.75 Td (reclamation, ) Tj ET Q q 0 0 0 rg BT 330.62 112.75 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 394.26 112.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.41 112.75 Td (labour ) Tj ET Q q 0 0 0 rg BT 443.68 112.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 469.49 112.75 Td (are ) Tj ET Q q 0 0 0 rg BT 486.41 112.75 Td (examples ) Tj ET Q q 0 0 0 rg BT 531.67 112.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.48 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 135.94 100.75 Td (other ) Tj ET Q q 0 0 0 rg BT 161.51 100.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 187.63 100.75 Td (that ) Tj ET Q q 0 0 0 rg BT 207.09 100.75 Td (are ) Tj ET Q q 0 0 0 rg BT 224.32 100.75 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 277.13 100.75 Td (to ) Tj ET Q q 0 0 0 rg BT 288.25 100.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 335.49 100.75 Td (fluctuation.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I51 Do Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.86 712.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 105.61 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 125.48 712.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 160.90 712.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 180.22 712.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 223.46 712.75 Td (are ) Tj ET Q q 0 0 0 rg BT 240.55 712.75 Td (a ) Tj ET Q q 0 0 0 rg BT 248.20 712.75 Td (depleting ) Tj ET Q q 0 0 0 rg BT 294.73 712.75 Td (resource ) Tj ET Q q 0 0 0 rg BT 339.06 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 358.92 712.75 Td (decline ) Tj ET Q q 0 0 0 rg BT 395.47 712.75 Td (as ) Tj ET Q q 0 0 0 rg BT 408.67 712.75 Td (such ) Tj ET Q q 0 0 0 rg BT 434.10 712.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 477.34 712.75 Td (are ) Tj ET Q q 0 0 0 rg BT 494.44 712.75 Td (produced) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.86 691.75 Td (future ) Tj ET Q q 0 0 0 rg BT 118.62 691.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 130.81 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.68 691.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 182.44 691.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 200.75 691.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 241.28 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 260.16 691.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 311.82 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 330.69 691.75 Td (therefore ) Tj ET Q q 0 0 0 rg BT 372.90 691.75 Td (our ) Tj ET Q q 0 0 0 rg BT 389.54 691.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.85 691.75 Td (flow) Tj ET Q q 0 0 0 rg BT 430.08 691.75 Td (, ) Tj ET Q q 0 0 0 rg BT 435.05 691.75 Td (will ) Tj ET Q q 0 0 0 rg BT 451.12 691.75 Td (be ) Tj ET Q q 0 0 0 rg BT 464.43 691.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 492.75 691.75 Td (dependent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (on ) Tj ET Q q 0 0 0 rg BT 85.46 679.75 Td (our ) Tj ET Q q 0 0 0 rg BT 102.26 679.75 Td (success ) Tj ET Q q 0 0 0 rg BT 140.72 679.75 Td (in ) Tj ET Q q 0 0 0 rg BT 150.85 679.75 Td (exploiting ) Tj ET Q q 0 0 0 rg BT 195.44 679.75 Td (our ) Tj ET Q q 0 0 0 rg BT 212.23 679.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 252.92 679.75 Td (base ) Tj ET Q q 0 0 0 rg BT 276.95 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.97 679.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 338.89 679.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 384.05 679.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 427.36 679.75 Td (The ) Tj ET Q q 0 0 0 rg BT 446.93 679.75 Td (business ) Tj ET Q q 0 0 0 rg BT 488.74 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 499.42 679.75 Td (exploring ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (for) Tj ET Q q 0 0 0 rg BT 83.12 667.75 Td (, ) Tj ET Q q 0 0 0 rg BT 89.20 667.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 140.87 667.75 Td (or ) Tj ET Q q 0 0 0 rg BT 153.06 667.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 196.94 667.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 238.58 667.75 Td (is ) Tj ET Q q 0 0 0 rg BT 249.11 667.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.31 667.75 Td (intensive. ) Tj ET Q q 0 0 0 rg BT 326.86 667.75 Td ( ) Tj ET Q q 0 0 0 rg BT 330.16 667.75 Td (If ) Tj ET Q q 0 0 0 rg BT 339.01 667.75 Td (external ) Tj ET Q q 0 0 0 rg BT 377.89 667.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 416.20 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 427.84 667.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 460.05 667.75 Td (become ) Tj ET Q q 0 0 0 rg BT 498.92 667.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 531.12 667.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 126.27 655.75 Td (on ) Tj ET Q q 0 0 0 rg BT 141.07 655.75 Td (commercially ) Tj ET Q q 0 0 0 rg BT 203.09 655.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 256.25 655.75 Td (terms, ) Tj ET Q q 0 0 0 rg BT 287.70 655.75 Td (our ) Tj ET Q q 0 0 0 rg BT 305.83 655.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 335.07 655.75 Td (to ) Tj ET Q q 0 0 0 rg BT 347.09 655.75 Td (make ) Tj ET Q q 0 0 0 rg BT 375.22 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.80 655.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 442.05 655.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 474.63 655.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 531.66 655.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 112.58 643.75 Td (or ) Tj ET Q q 0 0 0 rg BT 124.25 643.75 Td (expand ) Tj ET Q q 0 0 0 rg BT 159.83 643.75 Td (our ) Tj ET Q q 0 0 0 rg BT 177.06 643.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 189.85 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.31 643.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 242.66 643.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 261.57 643.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 302.69 643.75 Td (may ) Tj ET Q q 0 0 0 rg BT 324.36 643.75 Td (be ) Tj ET Q q 0 0 0 rg BT 338.26 643.75 Td (impaired.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (There ) Tj ET Q q 0 0 0 rg BT 99.79 622.75 Td (is ) Tj ET Q q 0 0 0 rg BT 108.67 622.75 Td (no ) Tj ET Q q 0 0 0 rg BT 121.46 622.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 169.26 622.75 Td (we ) Tj ET Q q 0 0 0 rg BT 183.71 622.75 Td (will ) Tj ET Q q 0 0 0 rg BT 199.26 622.75 Td (be ) Tj ET Q q 0 0 0 rg BT 212.05 622.75 Td (successful ) Tj ET Q q 0 0 0 rg BT 260.40 622.75 Td (in ) Tj ET Q q 0 0 0 rg BT 269.85 622.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 319.89 622.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 364.36 622.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 404.37 622.75 Td (or ) Tj ET Q q 0 0 0 rg BT 414.93 622.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 457.17 622.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 501.65 622.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (at ) Tj ET Q q 0 0 0 rg BT 84.19 610.75 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 136.40 610.75 Td (costs. ) Tj ET Q q 0 0 0 rg BT 166.37 610.75 Td (Without ) Tj ET Q q 0 0 0 rg BT 204.12 610.75 Td (these ) Tj ET Q q 0 0 0 rg BT 232.43 610.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 274.62 610.75 Td (additions, ) Tj ET Q q 0 0 0 rg BT 321.27 610.75 Td (our ) Tj ET Q q 0 0 0 rg BT 339.57 610.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 381.77 610.75 Td (will ) Tj ET Q q 0 0 0 rg BT 399.50 610.75 Td (deplete ) Tj ET Q q 0 0 0 rg BT 436.15 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 456.69 610.75 Td (as ) Tj ET Q q 0 0 0 rg BT 471.10 610.75 Td (a ) Tj ET Q q 0 0 0 rg BT 480.50 610.75 Td (consequence ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (production ) Tj ET Q q 0 0 0 rg BT 121.31 598.75 Td (from ) Tj ET Q q 0 0 0 rg BT 143.93 598.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.23 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.74 598.75 Td (average ) Tj ET Q q 0 0 0 rg BT 218.49 598.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 259.45 598.75 Td (life ) Tj ET Q q 0 0 0 rg BT 274.85 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.80 598.75 Td (our ) Tj ET Q q 0 0 0 rg BT 302.87 598.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 349.95 598.75 Td (will ) Tj ET Q q 0 0 0 rg BT 366.46 598.75 Td (decline, ) Tj ET Q q 0 0 0 rg BT 403.54 598.75 Td (which ) Tj ET Q q 0 0 0 rg BT 431.72 598.75 Td (may ) Tj ET Q q 0 0 0 rg BT 453.22 598.75 Td (result ) Tj ET Q q 0 0 0 rg BT 480.29 598.75 Td (in ) Tj ET Q q 0 0 0 rg BT 490.69 598.75 Td (a ) Tj ET Q q 0 0 0 rg BT 498.86 598.75 Td (reduction ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 586.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.56 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.24 586.75 Td (value ) Tj ET Q q 0 0 0 rg BT 125.93 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.04 586.75 Td (our ) Tj ET Q q 0 0 0 rg BT 154.28 586.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 197.62 586.75 Td (Shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 565.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.73 565.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 122.58 565.75 Td (to ) Tj ET Q q 0 0 0 rg BT 133.97 565.75 Td (add ) Tj ET Q q 0 0 0 rg BT 153.70 565.75 Td (to ) Tj ET Q q 0 0 0 rg BT 165.09 565.75 Td (our ) Tj ET Q q 0 0 0 rg BT 183.15 565.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.77 565.75 Td (and ) Tj ET Q q 0 0 0 rg BT 216.50 565.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.79 565.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 270.97 565.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 314.08 565.75 Td (is ) Tj ET Q q 0 0 0 rg BT 324.37 565.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 355.77 565.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 408.28 565.75 Td (on ) Tj ET Q q 0 0 0 rg BT 422.44 565.75 Td (our ) Tj ET Q q 0 0 0 rg BT 440.50 565.75 Td (success ) Tj ET Q q 0 0 0 rg BT 481.93 565.75 Td (in ) Tj ET Q q 0 0 0 rg BT 492.77 565.75 Td (exploiting ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 553.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 112.57 553.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 164.25 553.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.80 553.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 232.59 553.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 282.59 553.75 Td (reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 532.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.34 532.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 134.24 532.75 Td (commercial ) Tj ET Q q 0 0 0 rg BT 187.03 532.75 Td (success ) Tj ET Q q 0 0 0 rg BT 224.82 532.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 264.85 532.75 Td (on ) Tj ET Q q 0 0 0 rg BT 277.64 532.75 Td (our ) Tj ET Q q 0 0 0 rg BT 293.77 532.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 321.00 532.75 Td (to ) Tj ET Q q 0 0 0 rg BT 331.01 532.75 Td (find, ) Tj ET Q q 0 0 0 rg BT 351.58 532.75 Td (acquire, ) Tj ET Q q 0 0 0 rg BT 388.82 532.75 Td (develop ) Tj ET Q q 0 0 0 rg BT 425.52 532.75 Td (and ) Tj ET Q q 0 0 0 rg BT 443.87 532.75 Td (commercially ) Tj ET Q q 0 0 0 rg BT 503.88 532.75 Td (produce ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 520.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 84.34 520.75 Td (and ) Tj ET Q q 0 0 0 rg BT 103.36 520.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 136.27 520.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 154.73 520.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 198.19 520.75 Td (Future ) Tj ET Q q 0 0 0 rg BT 229.43 520.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 241.77 520.75 Td (and ) Tj ET Q q 0 0 0 rg BT 260.79 520.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 293.70 520.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 312.16 520.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 363.42 520.75 Td (may ) Tj ET Q q 0 0 0 rg BT 384.65 520.75 Td (involve ) Tj ET Q q 0 0 0 rg BT 418.11 520.75 Td (unprofitable ) Tj ET Q q 0 0 0 rg BT 472.71 520.75 Td (ef) Tj ET Q q 0 0 0 rg BT 480.87 520.75 Td (forts, ) Tj ET Q q 0 0 0 rg BT 505.43 520.75 Td (not ) Tj ET Q q 0 0 0 rg BT 521.67 520.75 Td (only ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 508.75 Td (from ) Tj ET Q q 0 0 0 rg BT 95.64 508.75 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 157.09 508.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 185.74 508.75 Td (but ) Tj ET Q q 0 0 0 rg BT 203.28 508.75 Td (also ) Tj ET Q q 0 0 0 rg BT 225.27 508.75 Td (from ) Tj ET Q q 0 0 0 rg BT 248.91 508.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 274.78 508.75 Td (that ) Tj ET Q q 0 0 0 rg BT 295.11 508.75 Td (are ) Tj ET Q q 0 0 0 rg BT 313.20 508.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 362.98 508.75 Td (but ) Tj ET Q q 0 0 0 rg BT 380.53 508.75 Td (do ) Tj ET Q q 0 0 0 rg BT 395.29 508.75 Td (not ) Tj ET Q q 0 0 0 rg BT 412.83 508.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 452.62 508.75 Td (suf) Tj ET Q q 0 0 0 rg BT 465.77 508.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 495.54 508.75 Td (petroleum ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 496.75 Td (substances ) Tj ET Q q 0 0 0 rg BT 124.53 496.75 Td (to ) Tj ET Q q 0 0 0 rg BT 134.81 496.75 Td (return ) Tj ET Q q 0 0 0 rg BT 162.88 496.75 Td (a ) Tj ET Q q 0 0 0 rg BT 170.39 496.75 Td (profit. ) Tj ET Q q 0 0 0 rg BT 197.34 496.75 Td (Completion ) Tj ET Q q 0 0 0 rg BT 249.86 496.75 Td (of ) Tj ET Q q 0 0 0 rg BT 260.15 496.75 Td (a ) Tj ET Q q 0 0 0 rg BT 267.65 496.75 Td (well ) Tj ET Q q 0 0 0 rg BT 286.82 496.75 Td (does ) Tj ET Q q 0 0 0 rg BT 310.45 496.75 Td (not ) Tj ET Q q 0 0 0 rg BT 326.30 496.75 Td (assure ) Tj ET Q q 0 0 0 rg BT 358.26 496.75 Td (a ) Tj ET Q q 0 0 0 rg BT 365.76 496.75 Td (profit ) Tj ET Q q 0 0 0 rg BT 389.94 496.75 Td (on ) Tj ET Q q 0 0 0 rg BT 403.00 496.75 Td (the ) Tj ET Q q 0 0 0 rg BT 418.85 496.75 Td (investment. ) Tj ET Q q 0 0 0 rg BT 471.93 496.75 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 504.43 496.75 Td (hazards ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 484.75 Td (or ) Tj ET Q q 0 0 0 rg BT 85.14 484.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 152.19 484.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 194.23 484.75 Td (or ) Tj ET Q q 0 0 0 rg BT 207.37 484.75 Td (damages ) Tj ET Q q 0 0 0 rg BT 252.75 484.75 Td (could ) Tj ET Q q 0 0 0 rg BT 280.90 484.75 Td (greatly ) Tj ET Q q 0 0 0 rg BT 315.16 484.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 357.21 484.75 Td (the ) Tj ET Q q 0 0 0 rg BT 375.35 484.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 397.94 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 410.52 484.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 464.25 484.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.17 484.75 Td (various ) Tj ET Q q 0 0 0 rg BT 521.66 484.75 Td (field ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 472.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.93 472.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 165.18 472.75 Td (may ) Tj ET Q q 0 0 0 rg BT 187.30 472.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 233.32 472.75 Td (af) Tj ET Q q 0 0 0 rg BT 241.48 472.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 260.83 472.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.95 472.75 Td (production ) Tj ET Q q 0 0 0 rg BT 327.88 472.75 Td (from ) Tj ET Q q 0 0 0 rg BT 351.10 472.75 Td (successful ) Tj ET Q q 0 0 0 rg BT 401.02 472.75 Td (wells. ) Tj ET Q q 0 0 0 rg BT 429.04 472.75 Td (These ) Tj ET Q q 0 0 0 rg BT 460.06 472.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 508.31 472.75 Td (include ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 103.01 460.75 Td (or ) Tj ET Q q 0 0 0 rg BT 114.00 460.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 143.34 460.75 Td (in ) Tj ET Q q 0 0 0 rg BT 153.22 460.75 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 195.92 460.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 258.61 460.75 Td (approvals ) Tj ET Q q 0 0 0 rg BT 304.07 460.75 Td (or ) Tj ET Q q 0 0 0 rg BT 315.06 460.75 Td (consents, ) Tj ET Q q 0 0 0 rg BT 359.97 460.75 Td (shut-ins ) Tj ET Q q 0 0 0 rg BT 397.08 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 407.52 460.75 Td (connected ) Tj ET Q q 0 0 0 rg BT 455.77 460.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 480.10 460.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 520.00 460.75 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (extreme ) Tj ET Q q 0 0 0 rg BT 109.57 448.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 146.59 448.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 195.85 448.75 Td (insuf) Tj ET Q q 0 0 0 rg BT 216.79 448.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 244.36 448.75 Td (storage ) Tj ET Q q 0 0 0 rg BT 279.16 448.75 Td (or ) Tj ET Q q 0 0 0 rg BT 289.50 448.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 352.10 448.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 390.23 448.75 Td (or ) Tj ET Q q 0 0 0 rg BT 400.57 448.75 Td (other ) Tj ET Q q 0 0 0 rg BT 424.81 448.75 Td (geological ) Tj ET Q q 0 0 0 rg BT 471.29 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 489.42 448.75 Td (mechanical ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 121.44 436.75 Td (While ) Tj ET Q q 0 0 0 rg BT 148.08 436.75 Td (diligent ) Tj ET Q q 0 0 0 rg BT 181.40 436.75 Td (well ) Tj ET Q q 0 0 0 rg BT 200.26 436.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 252.48 436.75 Td (and ) Tj ET Q q 0 0 0 rg BT 270.79 436.75 Td (ef) Tj ET Q q 0 0 0 rg BT 278.95 436.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 309.49 436.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 368.38 436.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 416.71 436.75 Td (can ) Tj ET Q q 0 0 0 rg BT 434.47 436.75 Td (contribute ) Tj ET Q q 0 0 0 rg BT 480.02 436.75 Td (to ) Tj ET Q q 0 0 0 rg BT 489.99 436.75 Td (maximizing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (production ) Tj ET Q q 0 0 0 rg BT 121.00 424.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 145.53 424.75 Td (over ) Tj ET Q q 0 0 0 rg BT 167.28 424.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 191.25 424.75 Td (production ) Tj ET Q q 0 0 0 rg BT 240.25 424.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 271.46 424.75 Td (and ) Tj ET Q q 0 0 0 rg BT 290.44 424.75 Td (declines ) Tj ET Q q 0 0 0 rg BT 329.43 424.75 Td (from ) Tj ET Q q 0 0 0 rg BT 351.73 424.75 Td (normal ) Tj ET Q q 0 0 0 rg BT 384.59 424.75 Td (field ) Tj ET Q q 0 0 0 rg BT 405.24 424.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.24 424.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 496.56 424.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 528.89 424.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 412.75 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 120.44 412.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.98 412.75 Td (can ) Tj ET Q q 0 0 0 rg BT 158.96 412.75 Td (be ) Tj ET Q q 0 0 0 rg BT 172.93 412.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 216.38 412.75 Td (to ) Tj ET Q q 0 0 0 rg BT 227.57 412.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 273.22 412.75 Td (af) Tj ET Q q 0 0 0 rg BT 281.38 412.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 300.36 412.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 339.35 412.75 Td (and ) Tj ET Q q 0 0 0 rg BT 358.89 412.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 382.87 412.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 403.51 412.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 431.93 412.75 Td (to ) Tj ET Q q 0 0 0 rg BT 443.12 412.75 Td (varying ) Tj ET Q q 0 0 0 rg BT 478.22 412.75 Td (degrees. ) Tj ET Q q 0 0 0 rg BT 519.99 412.75 Td (New ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 97.03 400.75 Td (we ) Tj ET Q q 0 0 0 rg BT 112.62 400.75 Td (drill ) Tj ET Q q 0 0 0 rg BT 130.99 400.75 Td (or ) Tj ET Q q 0 0 0 rg BT 142.68 400.75 Td (participate ) Tj ET Q q 0 0 0 rg BT 191.63 400.75 Td (in ) Tj ET Q q 0 0 0 rg BT 202.22 400.75 Td (may ) Tj ET Q q 0 0 0 rg BT 223.92 400.75 Td (not ) Tj ET Q q 0 0 0 rg BT 240.63 400.75 Td (become ) Tj ET Q q 0 0 0 rg BT 279.01 400.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 327.95 400.75 Td (and ) Tj ET Q q 0 0 0 rg BT 347.44 400.75 Td (we ) Tj ET Q q 0 0 0 rg BT 363.03 400.75 Td (may ) Tj ET Q q 0 0 0 rg BT 384.73 400.75 Td (not ) Tj ET Q q 0 0 0 rg BT 401.44 400.75 Td (recover ) Tj ET Q q 0 0 0 rg BT 437.59 400.75 Td (all ) Tj ET Q q 0 0 0 rg BT 450.40 400.75 Td (or ) Tj ET Q q 0 0 0 rg BT 462.10 400.75 Td (any ) Tj ET Q q 0 0 0 rg BT 481.03 400.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 514.41 400.75 Td (of ) Tj ET Q q 0 0 0 rg BT 525.56 400.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 123.13 388.75 Td (in ) Tj ET Q q 0 0 0 rg BT 133.69 388.75 Td (these ) Tj ET Q q 0 0 0 rg BT 160.94 388.75 Td (wells.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 147.90 367.75 Td (of ) Tj ET Q q 0 0 0 rg BT 159.34 367.75 Td (new ) Tj ET Q q 0 0 0 rg BT 180.79 367.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 236.68 367.75 Td (on ) Tj ET Q q 0 0 0 rg BT 250.90 367.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 297.36 367.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 346.03 367.75 Td (may ) Tj ET Q q 0 0 0 rg BT 368.05 367.75 Td (lead ) Tj ET Q q 0 0 0 rg BT 390.06 367.75 Td (to ) Tj ET Q q 0 0 0 rg BT 401.50 367.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 457.39 367.75 Td (delays, ) Tj ET Q q 0 0 0 rg BT 493.31 367.75 Td (increased ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 355.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 100.03 355.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 132.49 355.75 Td (decreased ) Tj ET Q q 0 0 0 rg BT 183.87 355.75 Td (production ) Tj ET Q q 0 0 0 rg BT 237.99 355.75 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 283.24 355.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 331.29 355.75 Td (af) Tj ET Q q 0 0 0 rg BT 340.01 355.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 374.69 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 391.59 355.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 458.65 355.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.13 355.75 Td (position) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (Hydraulic ) Tj ET Q q 0 0 0 rg BT 115.98 334.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 159.96 334.75 Td (involves ) Tj ET Q q 0 0 0 rg BT 198.38 334.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.58 334.75 Td (injection ) Tj ET Q q 0 0 0 rg BT 253.56 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 264.20 334.75 Td (water) Tj ET Q q 0 0 0 rg BT 288.10 334.75 Td (, ) Tj ET Q q 0 0 0 rg BT 293.17 334.75 Td (sand ) Tj ET Q q 0 0 0 rg BT 317.15 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.13 334.75 Td (small ) Tj ET Q q 0 0 0 rg BT 361.76 334.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 402.41 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 413.05 334.75 Td (additives ) Tj ET Q q 0 0 0 rg BT 454.81 334.75 Td (under ) Tj ET Q q 0 0 0 rg BT 482.68 334.75 Td (pressure ) Tj ET Q q 0 0 0 rg BT 523.88 334.75 Td (into ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (rock ) Tj ET Q q 0 0 0 rg BT 93.57 322.75 Td (formations ) Tj ET Q q 0 0 0 rg BT 142.93 322.75 Td (to ) Tj ET Q q 0 0 0 rg BT 153.95 322.75 Td (stimulate ) Tj ET Q q 0 0 0 rg BT 196.64 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.22 322.75 Td (production ) Tj ET Q q 0 0 0 rg BT 262.60 322.75 Td (of ) Tj ET Q q 0 0 0 rg BT 273.62 322.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 286.30 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 305.66 322.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 338.91 322.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 360.49 322.75 Td ( ) Tj ET Q q 0 0 0 rg BT 363.17 322.75 Td (Specifically) Tj ET Q q 0 0 0 rg BT 412.45 322.75 Td (, ) Tj ET Q q 0 0 0 rg BT 417.90 322.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 460.60 322.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 504.96 322.75 Td (enables ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (the ) Tj ET Q q 0 0 0 rg BT 91.34 310.75 Td (production ) Tj ET Q q 0 0 0 rg BT 143.48 310.75 Td (of ) Tj ET Q q 0 0 0 rg BT 157.25 310.75 Td (commercial ) Tj ET Q q 0 0 0 rg BT 213.81 310.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 262.06 310.75 Td (of ) Tj ET Q q 0 0 0 rg BT 275.83 310.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 291.28 310.75 Td (and ) Tj ET Q q 0 0 0 rg BT 313.40 310.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 349.41 310.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 370.97 310.75 Td (from ) Tj ET Q q 0 0 0 rg BT 396.41 310.75 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 445.75 310.75 Td (that ) Tj ET Q q 0 0 0 rg BT 467.86 310.75 Td (were ) Tj ET Q q 0 0 0 rg BT 494.98 310.75 Td (previously ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (unproductive. ) Tj ET Q q 0 0 0 rg BT 133.49 298.75 Td ( ) Tj ET Q q 0 0 0 rg BT 134.95 298.75 Td (Hydraulic ) Tj ET Q q 0 0 0 rg BT 178.08 298.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 221.22 298.75 Td (has ) Tj ET Q q 0 0 0 rg BT 238.79 298.75 Td (featured ) Tj ET Q q 0 0 0 rg BT 276.94 298.75 Td (prominently ) Tj ET Q q 0 0 0 rg BT 330.08 298.75 Td (in ) Tj ET Q q 0 0 0 rg BT 339.32 298.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 368.56 298.75 Td (political, ) Tj ET Q q 0 0 0 rg BT 406.15 298.75 Td (media ) Tj ET Q q 0 0 0 rg BT 434.83 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 452.97 298.75 Td (activist ) Tj ET Q q 0 0 0 rg BT 484.99 298.75 Td (commentary ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (on ) Tj ET Q q 0 0 0 rg BT 87.44 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 105.66 286.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 141.66 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.31 286.75 Td (water ) Tj ET Q q 0 0 0 rg BT 183.08 286.75 Td (usage, ) Tj ET Q q 0 0 0 rg BT 217.42 286.75 Td (induced ) Tj ET Q q 0 0 0 rg BT 256.76 286.75 Td (seismicity ) Tj ET Q q 0 0 0 rg BT 304.41 286.75 Td (events ) Tj ET Q q 0 0 0 rg BT 338.19 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 359.19 286.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 426.32 286.75 Td (damage. ) Tj ET Q q 0 0 0 rg BT 469.55 286.75 Td ( ) Tj ET Q q 0 0 0 rg BT 473.01 286.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 494.56 286.75 Td (new ) Tj ET Q q 0 0 0 rg BT 517.22 286.75 Td (laws, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 125.62 274.75 Td (or ) Tj ET Q q 0 0 0 rg BT 139.20 274.75 Td (permitting ) Tj ET Q q 0 0 0 rg BT 187.80 274.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 250.86 274.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 297.81 274.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 342.52 274.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 388.90 274.75 Td (could ) Tj ET Q q 0 0 0 rg BT 417.50 274.75 Td (lead ) Tj ET Q q 0 0 0 rg BT 441.10 274.75 Td (to ) Tj ET Q q 0 0 0 rg BT 454.14 274.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 508.32 274.75 Td (delays, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 262.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 118.42 262.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 163.17 262.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 192.35 262.75 Td (third ) Tj ET Q q 0 0 0 rg BT 214.86 262.75 Td (party ) Tj ET Q q 0 0 0 rg BT 240.15 262.75 Td (or ) Tj ET Q q 0 0 0 rg BT 252.10 262.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 315.75 262.75 Td (claims, ) Tj ET Q q 0 0 0 rg BT 349.92 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 369.66 262.75 Td (could ) Tj ET Q q 0 0 0 rg BT 396.62 262.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 437.48 262.75 Td (the ) Tj ET Q q 0 0 0 rg BT 454.44 262.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 516.66 262.75 Td (costs ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.25 250.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 136.74 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 156.33 250.75 Td (doing ) Tj ET Q q 0 0 0 rg BT 183.70 250.75 Td (business ) Tj ET Q q 0 0 0 rg BT 226.08 250.75 Td (as ) Tj ET Q q 0 0 0 rg BT 239.55 250.75 Td (well ) Tj ET Q q 0 0 0 rg BT 259.68 250.75 Td (as ) Tj ET Q q 0 0 0 rg BT 273.15 250.75 Td (delay ) Tj ET Q q 0 0 0 rg BT 299.96 250.75 Td (the ) Tj ET Q q 0 0 0 rg BT 316.77 250.75 Td (development ) Tj ET Q q 0 0 0 rg BT 376.94 250.75 Td (of ) Tj ET Q q 0 0 0 rg BT 388.19 250.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 401.10 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 420.69 250.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 454.17 250.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 473.20 250.75 Td (resources ) Tj ET Q q 0 0 0 rg BT 520.02 250.75 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (shale ) Tj ET Q q 0 0 0 rg BT 98.02 238.75 Td (formations, ) Tj ET Q q 0 0 0 rg BT 149.59 238.75 Td (which ) Tj ET Q q 0 0 0 rg BT 177.27 238.75 Td (are ) Tj ET Q q 0 0 0 rg BT 193.84 238.75 Td (not ) Tj ET Q q 0 0 0 rg BT 209.85 238.75 Td (commercial ) Tj ET Q q 0 0 0 rg BT 263.08 238.75 Td (without ) Tj ET Q q 0 0 0 rg BT 296.88 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 312.89 238.75 Td (use ) Tj ET Q q 0 0 0 rg BT 331.13 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 341.58 238.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 383.71 238.75 Td (fracturing. ) Tj ET Q q 0 0 0 rg BT 430.29 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 432.40 238.75 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 486.75 238.75 Td (on ) Tj ET Q q 0 0 0 rg BT 499.98 238.75 Td (hydraulic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 226.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 117.51 226.75 Td (could ) Tj ET Q q 0 0 0 rg BT 145.23 226.75 Td (also ) Tj ET Q q 0 0 0 rg BT 167.40 226.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 201.80 226.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.52 226.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 256.70 226.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.86 226.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 282.69 226.75 Td (and ) Tj ET Q q 0 0 0 rg BT 303.19 226.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 337.59 226.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 357.54 226.75 Td (that ) Tj ET Q q 0 0 0 rg BT 378.04 226.75 Td (the ) Tj ET Q q 0 0 0 rg BT 395.76 226.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 451.83 226.75 Td (is ) Tj ET Q q 0 0 0 rg BT 462.88 226.75 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 508.93 226.75 Td (able ) Tj ET Q q 0 0 0 rg BT 531.66 226.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 110.92 214.75 Td (from ) Tj ET Q q 0 0 0 rg BT 133.69 214.75 Td (its ) Tj ET Q q 0 0 0 rg BT 146.47 214.75 Td (reserves.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 128.33 193.75 Td (water ) Tj ET Q q 0 0 0 rg BT 158.55 193.75 Td (use ) Tj ET Q q 0 0 0 rg BT 179.87 193.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 238.43 193.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 273.08 193.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 309.41 193.75 Td (access ) Tj ET Q q 0 0 0 rg BT 346.87 193.75 Td (to ) Tj ET Q q 0 0 0 rg BT 360.41 193.75 Td (water ) Tj ET Q q 0 0 0 rg BT 390.62 193.75 Td (or ) Tj ET Q q 0 0 0 rg BT 404.72 193.75 Td (other ) Tj ET Q q 0 0 0 rg BT 433.82 193.75 Td (fluids ) Tj ET Q q 0 0 0 rg BT 464.58 193.75 Td (may ) Tj ET Q q 0 0 0 rg BT 488.69 193.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 525.01 193.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 139.93 181.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 171.61 181.75 Td (to ) Tj ET Q q 0 0 0 rg BT 183.83 181.75 Td (fracture ) Tj ET Q q 0 0 0 rg BT 223.84 181.75 Td (its ) Tj ET Q q 0 0 0 rg BT 238.29 181.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 265.53 181.75 Td (or ) Tj ET Q q 0 0 0 rg BT 278.30 181.75 Td (carry ) Tj ET Q q 0 0 0 rg BT 305.55 181.75 Td (out ) Tj ET Q q 0 0 0 rg BT 323.88 181.75 Td (waterflood ) Tj ET Q q 0 0 0 rg BT 377.21 181.75 Td (operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.08 160.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 145.18 160.75 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 196.51 160.75 Td (or ) Tj ET Q q 0 0 0 rg BT 207.25 160.75 Td (intends ) Tj ET Q q 0 0 0 rg BT 241.34 160.75 Td (to ) Tj ET Q q 0 0 0 rg BT 251.53 160.75 Td (undertake ) Tj ET Q q 0 0 0 rg BT 297.86 160.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 329.72 160.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 371.59 160.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 415.13 160.75 Td (and ) Tj ET Q q 0 0 0 rg BT 433.66 160.75 Td (waterflooding ) Tj ET Q q 0 0 0 rg BT 494.99 160.75 Td (programs. ) Tj ET Q q 0 0 0 rg BT 542.78 160.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 148.75 Td (o ) Tj ET Q q 0 0 0 rg BT 85.00 148.75 Td (undertake ) Tj ET Q q 0 0 0 rg BT 131.92 148.75 Td (such ) Tj ET Q q 0 0 0 rg BT 155.48 148.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 204.62 148.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.96 148.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 275.65 148.75 Td (needs ) Tj ET Q q 0 0 0 rg BT 305.33 148.75 Td (to ) Tj ET Q q 0 0 0 rg BT 316.11 148.75 Td (have ) Tj ET Q q 0 0 0 rg BT 340.23 148.75 Td (access ) Tj ET Q q 0 0 0 rg BT 373.80 148.75 Td (to ) Tj ET Q q 0 0 0 rg BT 384.58 148.75 Td (suf) Tj ET Q q 0 0 0 rg BT 397.73 148.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 426.30 148.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 465.97 148.75 Td (of ) Tj ET Q q 0 0 0 rg BT 476.75 148.75 Td (water) Tj ET Q q 0 0 0 rg BT 500.65 148.75 Td (, ) Tj ET Q q 0 0 0 rg BT 505.87 148.75 Td (or ) Tj ET Q q 0 0 0 rg BT 517.20 148.75 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (liquids. ) Tj ET Q q 0 0 0 rg BT 106.59 136.75 Td ( ) Tj ET Q q 0 0 0 rg BT 109.83 136.75 Td (There ) Tj ET Q q 0 0 0 rg BT 139.41 136.75 Td (is ) Tj ET Q q 0 0 0 rg BT 150.10 136.75 Td (no ) Tj ET Q q 0 0 0 rg BT 164.68 136.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 205.94 136.75 Td (that ) Tj ET Q q 0 0 0 rg BT 226.08 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.44 136.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 299.15 136.75 Td (will ) Tj ET Q q 0 0 0 rg BT 316.50 136.75 Td (have ) Tj ET Q q 0 0 0 rg BT 341.65 136.75 Td (access ) Tj ET Q q 0 0 0 rg BT 376.23 136.75 Td (to ) Tj ET Q q 0 0 0 rg BT 388.03 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.40 136.75 Td (required ) Tj ET Q q 0 0 0 rg BT 445.55 136.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 486.25 136.75 Td (of ) Tj ET Q q 0 0 0 rg BT 498.05 136.75 Td (water) Tj ET Q q 0 0 0 rg BT 521.95 136.75 Td (. ) Tj ET Q q 0 0 0 rg BT 528.19 136.75 Td ( ) Tj ET Q q 0 0 0 rg BT 531.65 136.75 Td (In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 113.00 124.75 Td (in ) Tj ET Q q 0 0 0 rg BT 123.98 124.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 157.19 124.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 185.41 124.75 Td (there ) Tj ET Q q 0 0 0 rg BT 211.39 124.75 Td (may ) Tj ET Q q 0 0 0 rg BT 233.48 124.75 Td (be ) Tj ET Q q 0 0 0 rg BT 247.80 124.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 299.34 124.75 Td (on ) Tj ET Q q 0 0 0 rg BT 313.66 124.75 Td (water ) Tj ET Q q 0 0 0 rg BT 341.31 124.75 Td (use ) Tj ET Q q 0 0 0 rg BT 360.63 124.75 Td (for ) Tj ET Q q 0 0 0 rg BT 375.50 124.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 417.04 124.75 Td (such ) Tj ET Q q 0 0 0 rg BT 441.36 124.75 Td (as ) Tj ET Q q 0 0 0 rg BT 455.12 124.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 498.33 124.75 Td (fracturing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (waterflooding. ) Tj ET Q q 0 0 0 rg BT 137.10 112.75 Td ( ) Tj ET Q q 0 0 0 rg BT 139.94 112.75 Td (If ) Tj ET Q q 0 0 0 rg BT 148.33 112.75 Td (the ) Tj ET Q q 0 0 0 rg BT 165.07 112.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 220.16 112.75 Td (is ) Tj ET Q q 0 0 0 rg BT 230.22 112.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 263.09 112.75 Td (to ) Tj ET Q q 0 0 0 rg BT 274.26 112.75 Td (access ) Tj ET Q q 0 0 0 rg BT 308.22 112.75 Td (such ) Tj ET Q q 0 0 0 rg BT 332.19 112.75 Td (water ) Tj ET Q q 0 0 0 rg BT 359.48 112.75 Td (it ) Tj ET Q q 0 0 0 rg BT 367.31 112.75 Td (may ) Tj ET Q q 0 0 0 rg BT 389.04 112.75 Td (not ) Tj ET Q q 0 0 0 rg BT 405.78 112.75 Td (be ) Tj ET Q q 0 0 0 rg BT 419.74 112.75 Td (able ) Tj ET Q q 0 0 0 rg BT 441.49 112.75 Td (to ) Tj ET Q q 0 0 0 rg BT 452.67 112.75 Td (undertake ) Tj ET Q q 0 0 0 rg BT 499.98 112.75 Td (hydraulic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 115.56 100.75 Td (or ) Tj ET Q q 0 0 0 rg BT 126.32 100.75 Td (waterflooding ) Tj ET Q q 0 0 0 rg BT 187.68 100.75 Td (activities, ) Tj ET Q q 0 0 0 rg BT 230.68 100.75 Td (which ) Tj ET Q q 0 0 0 rg BT 258.12 100.75 Td (may ) Tj ET Q q 0 0 0 rg BT 278.88 100.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 311.33 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.11 100.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 362.33 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.55 100.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 384.43 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 402.98 100.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 435.43 100.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 453.43 100.75 Td (that ) Tj ET Q q 0 0 0 rg BT 471.98 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.76 100.75 Td (Corporation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (is ) Tj ET Q q 0 0 0 rg BT 82.00 88.75 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 127.01 88.75 Td (able ) Tj ET Q q 0 0 0 rg BT 148.70 88.75 Td (to ) Tj ET Q q 0 0 0 rg BT 159.82 88.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 198.73 88.75 Td (from ) Tj ET Q q 0 0 0 rg BT 221.51 88.75 Td (its ) Tj ET Q q 0 0 0 rg BT 234.29 88.75 Td (reservoirs. ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I52 Do Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 117.50 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 129.65 712.75 Td (government ) Tj ET Q q 0 0 0 rg BT 190.15 712.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 235.64 712.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 288.36 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 301.63 712.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 358.79 712.75 Td (that ) Tj ET Q q 0 0 0 rg BT 380.39 712.75 Td (af) Tj ET Q q 0 0 0 rg BT 389.10 712.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 410.15 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.42 712.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 443.35 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.39 712.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 484.89 712.75 Td (industry) Tj ET Q q 0 0 0 rg BT 523.97 712.75 Td (, ) Tj ET Q q 0 0 0 rg BT 530.01 712.75 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (failing ) Tj ET Q q 0 0 0 rg BT 104.22 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 116.44 700.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 154.23 700.75 Td (with ) Tj ET Q q 0 0 0 rg BT 177.00 700.75 Td (such ) Tj ET Q q 0 0 0 rg BT 203.12 700.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 248.12 700.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 300.35 700.75 Td (or ) Tj ET Q q 0 0 0 rg BT 313.13 700.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 372.59 700.75 Td (could ) Tj ET Q q 0 0 0 rg BT 402.03 700.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 450.96 700.75 Td (af) Tj ET Q q 0 0 0 rg BT 459.67 700.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.23 700.75 Td (us) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.86 679.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 104.49 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.80 679.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 142.56 679.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 180.20 679.75 Td (is ) Tj ET Q q 0 0 0 rg BT 190.05 679.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 224.36 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 235.33 679.75 Td (extensive ) Tj ET Q q 0 0 0 rg BT 280.20 679.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 317.84 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 337.16 679.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 388.71 679.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 435.25 679.75 Td (its ) Tj ET Q q 0 0 0 rg BT 447.88 679.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 497.21 679.75 Td (\(including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (land ) Tj ET Q q 0 0 0 rg BT 95.40 667.75 Td (tenure, ) Tj ET Q q 0 0 0 rg BT 131.03 667.75 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 187.23 667.75 Td (development, ) Tj ET Q q 0 0 0 rg BT 251.76 667.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 305.74 667.75 Td (refining, ) Tj ET Q q 0 0 0 rg BT 345.81 667.75 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 414.23 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 435.41 667.75 Td (marketing\) ) Tj ET Q q 0 0 0 rg BT 487.14 667.75 Td (imposed ) Tj ET Q q 0 0 0 rg BT 529.44 667.75 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 118.43 655.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 155.97 655.75 Td (by ) Tj ET Q q 0 0 0 rg BT 168.49 655.75 Td (various ) Tj ET Q q 0 0 0 rg BT 202.69 655.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 230.21 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 240.51 655.75 Td (government ) Tj ET Q q 0 0 0 rg BT 295.27 655.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 316.69 655.75 Td (with ) Tj ET Q q 0 0 0 rg BT 336.43 655.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 371.18 655.75 Td (to ) Tj ET Q q 0 0 0 rg BT 381.48 655.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 412.90 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 431.54 655.75 Td (taxation ) Tj ET Q q 0 0 0 rg BT 468.52 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 478.82 655.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 490.78 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.42 655.75 Td (natural ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 94.59 643.75 Td (by ) Tj ET Q q 0 0 0 rg BT 108.83 643.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 165.33 643.75 Td (among ) Tj ET Q q 0 0 0 rg BT 199.59 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.18 643.75 Td (governments ) Tj ET Q q 0 0 0 rg BT 278.67 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 290.70 643.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 331.46 643.75 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 369.61 643.75 Td (Saskatchewan, ) Tj ET Q q 0 0 0 rg BT 441.11 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.70 643.75 Td (United ) Tj ET Q q 0 0 0 rg BT 491.29 643.75 Td (States ) Tj ET Q q 0 0 0 rg BT 523.33 643.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 631.75 Td (exas, ) Tj ET Q q 0 0 0 rg BT 103.50 631.75 Td (all ) Tj ET Q q 0 0 0 rg BT 116.11 631.75 Td (of ) Tj ET Q q 0 0 0 rg BT 127.05 631.75 Td (which ) Tj ET Q q 0 0 0 rg BT 155.21 631.75 Td (should ) Tj ET Q q 0 0 0 rg BT 187.28 631.75 Td (be ) Tj ET Q q 0 0 0 rg BT 201.01 631.75 Td (carefully ) Tj ET Q q 0 0 0 rg BT 240.84 631.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 292.37 631.75 Td (by ) Tj ET Q q 0 0 0 rg BT 305.53 631.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 348.14 631.75 Td (in ) Tj ET Q q 0 0 0 rg BT 358.53 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 375.03 631.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 387.63 631.75 Td (and ) Tj ET Q q 0 0 0 rg BT 406.92 631.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 425.64 631.75 Td (industry) Tj ET Q q 0 0 0 rg BT 459.92 631.75 Td (. ) Tj ET Q q 0 0 0 rg BT 464.78 631.75 Td (All ) Tj ET Q q 0 0 0 rg BT 478.49 631.75 Td (such ) Tj ET Q q 0 0 0 rg BT 502.21 631.75 Td (controls, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 123.78 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 143.33 619.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 190.66 619.75 Td (are ) Tj ET Q q 0 0 0 rg BT 207.97 619.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 242.52 619.75 Td (to ) Tj ET Q q 0 0 0 rg BT 253.72 619.75 Td (revocation, ) Tj ET Q q 0 0 0 rg BT 305.50 619.75 Td (amendment ) Tj ET Q q 0 0 0 rg BT 361.17 619.75 Td (or ) Tj ET Q q 0 0 0 rg BT 372.92 619.75 Td (administrative ) Tj ET Q q 0 0 0 rg BT 437.47 619.75 Td (change, ) Tj ET Q q 0 0 0 rg BT 475.92 619.75 Td (some ) Tj ET Q q 0 0 0 rg BT 503.23 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 514.43 619.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (have ) Tj ET Q q 0 0 0 rg BT 96.67 607.75 Td (historically ) Tj ET Q q 0 0 0 rg BT 146.33 607.75 Td (been ) Tj ET Q q 0 0 0 rg BT 171.56 607.75 Td (material ) Tj ET Q q 0 0 0 rg BT 210.11 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 229.78 607.75 Td (in ) Tj ET Q q 0 0 0 rg BT 240.55 607.75 Td (some ) Tj ET Q q 0 0 0 rg BT 267.99 607.75 Td (cases ) Tj ET Q q 0 0 0 rg BT 297.10 607.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 342.87 607.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 381.43 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 401.10 607.75 Td (there ) Tj ET Q q 0 0 0 rg BT 426.88 607.75 Td (can ) Tj ET Q q 0 0 0 rg BT 445.98 607.75 Td (be ) Tj ET Q q 0 0 0 rg BT 460.09 607.75 Td (no ) Tj ET Q q 0 0 0 rg BT 474.20 607.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 523.32 607.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (there ) Tj ET Q q 0 0 0 rg BT 97.89 595.75 Td (will ) Tj ET Q q 0 0 0 rg BT 114.87 595.75 Td (not ) Tj ET Q q 0 0 0 rg BT 131.87 595.75 Td (be ) Tj ET Q q 0 0 0 rg BT 146.09 595.75 Td (further ) Tj ET Q q 0 0 0 rg BT 178.08 595.75 Td (revocation, ) Tj ET Q q 0 0 0 rg BT 230.10 595.75 Td (amendment ) Tj ET Q q 0 0 0 rg BT 286.00 595.75 Td (or ) Tj ET Q q 0 0 0 rg BT 297.99 595.75 Td (administrative ) Tj ET Q q 0 0 0 rg BT 362.77 595.75 Td (change ) Tj ET Q q 0 0 0 rg BT 398.67 595.75 Td (which ) Tj ET Q q 0 0 0 rg BT 427.34 595.75 Td (will ) Tj ET Q q 0 0 0 rg BT 444.32 595.75 Td (be ) Tj ET Q q 0 0 0 rg BT 458.54 595.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 504.42 595.75 Td (adverse ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.12 583.75 Td (our ) Tj ET Q q 0 0 0 rg BT 100.35 583.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 134.81 583.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 178.71 583.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.18 583.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 263.76 583.75 Td (results ) Tj ET Q q 0 0 0 rg BT 295.99 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 307.11 583.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 356.59 583.75 Td (or ) Tj ET Q q 0 0 0 rg BT 368.26 583.75 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 417.17 583.75 Td ( ) Tj ET Q q 0 0 0 rg BT 419.95 583.75 Td (See ) Tj ET Q q 0 0 0 rg BT 440.52 583.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 444.07 583.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 482.42 583.75 Td (Conditions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.67 583.75 Td (".) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.50 562.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 105.78 562.75 Td (and ) Tj ET Q q 0 0 0 rg BT 125.73 562.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 145.13 562.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 183.41 562.75 Td (is ) Tj ET Q q 0 0 0 rg BT 193.91 562.75 Td (also ) Tj ET Q q 0 0 0 rg BT 215.52 562.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 250.48 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 262.09 562.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 309.28 562.75 Td (by ) Tj ET Q q 0 0 0 rg BT 323.11 562.75 Td (governments ) Tj ET Q q 0 0 0 rg BT 384.19 562.75 Td (in ) Tj ET Q q 0 0 0 rg BT 395.25 562.75 Td (such ) Tj ET Q q 0 0 0 rg BT 419.64 562.75 Td (matters ) Tj ET Q q 0 0 0 rg BT 456.25 562.75 Td (as ) Tj ET Q q 0 0 0 rg BT 470.08 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.26 562.75 Td (awarding ) Tj ET Q q 0 0 0 rg BT 531.11 562.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 121.55 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 132.18 550.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 183.40 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 202.38 550.75 Td (production ) Tj ET Q q 0 0 0 rg BT 251.37 550.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 280.90 550.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 293.20 550.75 Td (sands ) Tj ET Q q 0 0 0 rg BT 322.18 550.75 Td (or ) Tj ET Q q 0 0 0 rg BT 333.37 550.75 Td (other ) Tj ET Q q 0 0 0 rg BT 358.46 550.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 401.32 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 417.52 550.75 Td (imposition ) Tj ET Q q 0 0 0 rg BT 464.83 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 475.47 550.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 511.11 550.75 Td (drilling ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 538.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 126.47 538.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 193.17 538.75 Td (protection ) Tj ET Q q 0 0 0 rg BT 240.97 538.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 282.65 538.75 Td (control ) Tj ET Q q 0 0 0 rg BT 316.55 538.75 Td (over ) Tj ET Q q 0 0 0 rg BT 339.88 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 357.67 538.75 Td (development ) Tj ET Q q 0 0 0 rg BT 418.81 538.75 Td (and ) Tj ET Q q 0 0 0 rg BT 439.38 538.75 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 504.43 538.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.65 538.75 Td (fields ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 117.58 526.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 168.70 526.75 Td (on ) Tj ET Q q 0 0 0 rg BT 182.61 526.75 Td (production\) ) Tj ET Q q 0 0 0 rg BT 235.41 526.75 Td (and ) Tj ET Q q 0 0 0 rg BT 254.88 526.75 Td (possibly ) Tj ET Q q 0 0 0 rg BT 293.78 526.75 Td (expropriation ) Tj ET Q q 0 0 0 rg BT 354.37 526.75 Td (or ) Tj ET Q q 0 0 0 rg BT 366.04 526.75 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 421.63 526.75 Td (of ) Tj ET Q q 0 0 0 rg BT 432.75 526.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 471.10 526.75 Td (rights.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 99.16 505.75 Td (government ) Tj ET Q q 0 0 0 rg BT 154.12 505.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 194.06 505.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 240.68 505.75 Td (or ) Tj ET Q q 0 0 0 rg BT 251.72 505.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 302.79 505.75 Td (may ) Tj ET Q q 0 0 0 rg BT 323.83 505.75 Td (change ) Tj ET Q q 0 0 0 rg BT 358.79 505.75 Td (from ) Tj ET Q q 0 0 0 rg BT 380.94 505.75 Td (time ) Tj ET Q q 0 0 0 rg BT 401.98 505.75 Td (to ) Tj ET Q q 0 0 0 rg BT 412.46 505.75 Td (time ) Tj ET Q q 0 0 0 rg BT 433.50 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 443.44 505.75 Td (response ) Tj ET Q q 0 0 0 rg BT 486.72 505.75 Td (to ) Tj ET Q q 0 0 0 rg BT 497.21 505.75 Td (economic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (or ) Tj ET Q q 0 0 0 rg BT 85.73 493.75 Td (political ) Tj ET Q q 0 0 0 rg BT 123.92 493.75 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 176.26 493.75 Td (The ) Tj ET Q q 0 0 0 rg BT 198.33 493.75 Td (exercise ) Tj ET Q q 0 0 0 rg BT 240.41 493.75 Td (of ) Tj ET Q q 0 0 0 rg BT 253.59 493.75 Td (discretion ) Tj ET Q q 0 0 0 rg BT 301.23 493.75 Td (by ) Tj ET Q q 0 0 0 rg BT 316.63 493.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 382.06 493.75 Td (authorities ) Tj ET Q q 0 0 0 rg BT 433.04 493.75 Td (under ) Tj ET Q q 0 0 0 rg BT 463.46 493.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 502.21 493.75 Td (controls, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 119.42 481.75 Td (or ) Tj ET Q q 0 0 0 rg BT 131.26 481.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 185.90 481.75 Td (the ) Tj ET Q q 0 0 0 rg BT 202.75 481.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 273.51 481.75 Td (of ) Tj ET Q q 0 0 0 rg BT 284.80 481.75 Td (new ) Tj ET Q q 0 0 0 rg BT 306.09 481.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 346.83 481.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 394.25 481.75 Td (or ) Tj ET Q q 0 0 0 rg BT 406.09 481.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 457.95 481.75 Td (or ) Tj ET Q q 0 0 0 rg BT 469.79 481.75 Td (the ) Tj ET Q q 0 0 0 rg BT 486.64 481.75 Td (modification ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.94 469.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 121.45 469.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 162.85 469.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 210.92 469.75 Td (or ) Tj ET Q q 0 0 0 rg BT 223.42 469.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 275.94 469.75 Td (af) Tj ET Q q 0 0 0 rg BT 284.10 469.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 317.17 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.67 469.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 348.28 469.75 Td (and ) Tj ET Q q 0 0 0 rg BT 368.57 469.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 388.29 469.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 426.91 469.75 Td (could ) Tj ET Q q 0 0 0 rg BT 454.42 469.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 488.60 469.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 528.34 469.75 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 99.94 457.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 112.87 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.47 457.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 165.97 457.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 187.80 457.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 228.52 457.75 Td (our ) Tj ET Q q 0 0 0 rg BT 245.90 457.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 274.94 457.75 Td (or ) Tj ET Q q 0 0 0 rg BT 286.75 457.75 Td (delay ) Tj ET Q q 0 0 0 rg BT 313.58 457.75 Td (or ) Tj ET Q q 0 0 0 rg BT 325.40 457.75 Td (restrict ) Tj ET Q q 0 0 0 rg BT 358.32 457.75 Td (our ) Tj ET Q q 0 0 0 rg BT 375.70 457.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 428.10 457.75 Td (all ) Tj ET Q q 0 0 0 rg BT 441.03 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 452.29 457.75 Td (which ) Tj ET Q q 0 0 0 rg BT 480.78 457.75 Td (would ) Tj ET Q q 0 0 0 rg BT 509.83 457.75 Td (have ) Tj ET Q q 0 0 0 rg BT 534.44 457.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (material ) Tj ET Q q 0 0 0 rg BT 109.17 445.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 146.35 445.75 Td (ef) Tj ET Q q 0 0 0 rg BT 154.51 445.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 172.23 445.75 Td (on ) Tj ET Q q 0 0 0 rg BT 184.96 445.75 Td (us. ) Tj ET Q q 0 0 0 rg BT 199.90 445.75 Td (In ) Tj ET Q q 0 0 0 rg BT 209.84 445.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 249.25 445.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 278.09 445.75 Td (to ) Tj ET Q q 0 0 0 rg BT 288.04 445.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 321.32 445.75 Td (with ) Tj ET Q q 0 0 0 rg BT 340.70 445.75 Td (government ) Tj ET Q q 0 0 0 rg BT 395.11 445.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 434.51 445.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 480.59 445.75 Td (or ) Tj ET Q q 0 0 0 rg BT 491.08 445.75 Td (regulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td (may ) Tj ET Q q 0 0 0 rg BT 95.26 433.75 Td (result ) Tj ET Q q 0 0 0 rg BT 124.08 433.75 Td (in ) Tj ET Q q 0 0 0 rg BT 136.24 433.75 Td (the ) Tj ET Q q 0 0 0 rg BT 154.51 433.75 Td (suspension, ) Tj ET Q q 0 0 0 rg BT 212.25 433.75 Td (curtailment ) Tj ET Q q 0 0 0 rg BT 265.53 433.75 Td (or ) Tj ET Q q 0 0 0 rg BT 278.79 433.75 Td (termination ) Tj ET Q q 0 0 0 rg BT 332.63 433.75 Td (of ) Tj ET Q q 0 0 0 rg BT 345.33 433.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 396.40 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 417.46 433.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 453.51 433.75 Td (us ) Tj ET Q q 0 0 0 rg BT 468.45 433.75 Td (to ) Tj ET Q q 0 0 0 rg BT 481.16 433.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 523.32 433.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 421.75 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 138.91 421.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 158.02 421.75 Td (and ) Tj ET Q q 0 0 0 rg BT 177.15 421.75 Td (criminal ) Tj ET Q q 0 0 0 rg BT 214.05 421.75 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 259.30 421.75 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 314.55 421.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 340.34 421.75 Td (can ) Tj ET Q q 0 0 0 rg BT 358.91 421.75 Td (be ) Tj ET Q q 0 0 0 rg BT 372.47 421.75 Td (significant. ) Tj ET Q q 0 0 0 rg BT 422.17 421.75 Td ( ) Tj ET Q q 0 0 0 rg BT 424.61 421.75 Td (See ) Tj ET Q q 0 0 0 rg BT 444.85 421.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 448.40 421.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 486.42 421.75 Td (Conditions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 533.67 421.75 Td (". ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 132.09 400.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 181.07 400.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.93 400.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 242.36 400.75 Td (of ) Tj ET Q q 0 0 0 rg BT 254.66 400.75 Td (fluids ) Tj ET Q q 0 0 0 rg BT 284.19 400.75 Td (used ) Tj ET Q q 0 0 0 rg BT 310.39 400.75 Td (in ) Tj ET Q q 0 0 0 rg BT 322.14 400.75 Td (the ) Tj ET Q q 0 0 0 rg BT 340.00 400.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 408.02 400.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 462.00 400.75 Td (may ) Tj ET Q q 0 0 0 rg BT 484.88 400.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 528.33 400.75 Td (its ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 100.90 388.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.12 388.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 170.92 388.75 Td (or ) Tj ET Q q 0 0 0 rg BT 183.69 388.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 221.48 388.75 Td (it ) Tj ET Q q 0 0 0 rg BT 230.37 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 242.59 388.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 294.27 388.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 340.39 388.75 Td (or ) Tj ET Q q 0 0 0 rg BT 353.17 388.75 Td (litigation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.56 367.75 Td (safe ) Tj ET Q q 0 0 0 rg BT 114.80 367.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 154.82 367.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.49 367.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 209.85 367.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 254.86 367.75 Td (fluids ) Tj ET Q q 0 0 0 rg BT 281.54 367.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 327.68 367.75 Td (the ) Tj ET Q q 0 0 0 rg BT 344.91 367.75 Td (additives\) ) Tj ET Q q 0 0 0 rg BT 391.04 367.75 Td (and ) Tj ET Q q 0 0 0 rg BT 411.06 367.75 Td (water ) Tj ET Q q 0 0 0 rg BT 438.85 367.75 Td (recovered ) Tj ET Q q 0 0 0 rg BT 486.65 367.75 Td (from ) Tj ET Q q 0 0 0 rg BT 509.98 367.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 523.32 367.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 355.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 104.50 355.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.55 355.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 146.70 355.75 Td (is ) Tj ET Q q 0 0 0 rg BT 155.84 355.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 189.45 355.75 Td (to ) Tj ET Q q 0 0 0 rg BT 199.71 355.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 237.23 355.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 283.62 355.75 Td (review ) Tj ET Q q 0 0 0 rg BT 314.44 355.75 Td (by ) Tj ET Q q 0 0 0 rg BT 326.93 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 342.75 355.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 375.25 355.75 Td (and ) Tj ET Q q 0 0 0 rg BT 393.86 355.75 Td (provincial ) Tj ET Q q 0 0 0 rg BT 438.03 355.75 Td (governments, ) Tj ET Q q 0 0 0 rg BT 500.54 355.75 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (its ) Tj ET Q q 0 0 0 rg BT 84.85 343.75 Td (ef) Tj ET Q q 0 0 0 rg BT 93.01 343.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 111.97 343.75 Td (on ) Tj ET Q q 0 0 0 rg BT 125.94 343.75 Td (fresh ) Tj ET Q q 0 0 0 rg BT 151.02 343.75 Td (water ) Tj ET Q q 0 0 0 rg BT 178.32 343.75 Td (supplies ) Tj ET Q q 0 0 0 rg BT 217.85 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.38 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.13 343.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 282.54 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 293.73 343.75 Td (such ) Tj ET Q q 0 0 0 rg BT 317.70 343.75 Td (water ) Tj ET Q q 0 0 0 rg BT 345.00 343.75 Td (to ) Tj ET Q q 0 0 0 rg BT 356.18 343.75 Td (be ) Tj ET Q q 0 0 0 rg BT 370.15 343.75 Td (recycled, ) Tj ET Q q 0 0 0 rg BT 413.01 343.75 Td (amongst ) Tj ET Q q 0 0 0 rg BT 454.21 343.75 Td (other ) Tj ET Q q 0 0 0 rg BT 479.85 343.75 Td (things. ) Tj ET Q q 0 0 0 rg BT 512.16 343.75 Td ( ) Tj ET Q q 0 0 0 rg BT 515.01 343.75 Td (While ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 331.75 Td (it ) Tj ET Q q 0 0 0 rg BT 80.37 331.75 Td (is ) Tj ET Q q 0 0 0 rg BT 90.96 331.75 Td (dif) Tj ET Q q 0 0 0 rg BT 101.34 331.75 Td (ficult ) Tj ET Q q 0 0 0 rg BT 125.28 331.75 Td (to ) Tj ET Q q 0 0 0 rg BT 136.99 331.75 Td (predict ) Tj ET Q q 0 0 0 rg BT 170.37 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 187.65 331.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 220.47 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 232.18 331.75 Td (any ) Tj ET Q q 0 0 0 rg BT 251.68 331.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 303.97 331.75 Td (that ) Tj ET Q q 0 0 0 rg BT 324.02 331.75 Td (may ) Tj ET Q q 0 0 0 rg BT 346.28 331.75 Td (be ) Tj ET Q q 0 0 0 rg BT 360.78 331.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 399.73 331.75 Td (in ) Tj ET Q q 0 0 0 rg BT 410.89 331.75 Td (response ) Tj ET Q q 0 0 0 rg BT 455.40 331.75 Td (to ) Tj ET Q q 0 0 0 rg BT 467.11 331.75 Td (such ) Tj ET Q q 0 0 0 rg BT 491.60 331.75 Td (review) Tj ET Q q 0 0 0 rg BT 519.95 331.75 Td (, ) Tj ET Q q 0 0 0 rg BT 526.09 331.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 142.59 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.71 319.75 Td (stricter ) Tj ET Q q 0 0 0 rg BT 186.49 319.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 238.19 319.75 Td (may ) Tj ET Q q 0 0 0 rg BT 259.86 319.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 300.43 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.11 319.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 379.05 319.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 405.17 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 416.29 319.75 Td (compliance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.42 298.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 104.72 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 124.14 298.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.01 298.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 184.09 298.75 Td (is ) Tj ET Q q 0 0 0 rg BT 194.07 298.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 225.16 298.75 Td (regulated ) Tj ET Q q 0 0 0 rg BT 271.80 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 291.22 298.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 333.43 298.75 Td (in ) Tj ET Q q 0 0 0 rg BT 343.96 298.75 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 416.72 298.75 Td (health ) Tj ET Q q 0 0 0 rg BT 447.81 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 467.23 298.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 497.77 298.75 Td (controls, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 125.73 286.75 Td (or ) Tj ET Q q 0 0 0 rg BT 140.02 286.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 198.19 286.75 Td (may ) Tj ET Q q 0 0 0 rg BT 222.49 286.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 261.78 286.75 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 323.30 286.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 353.71 286.75 Td (or ) Tj ET Q q 0 0 0 rg BT 367.99 286.75 Td (other ) Tj ET Q q 0 0 0 rg BT 397.27 286.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 444.34 286.75 Td (which ) Tj ET Q q 0 0 0 rg BT 476.96 286.75 Td (may ) Tj ET Q q 0 0 0 rg BT 501.26 286.75 Td (have ) Tj ET Q q 0 0 0 rg BT 528.33 286.75 Td (an ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 112.59 274.75 Td (af) Tj ET Q q 0 0 0 rg BT 121.30 274.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 141.86 274.75 Td (on ) Tj ET Q q 0 0 0 rg BT 156.85 274.75 Td (our ) Tj ET Q q 0 0 0 rg BT 175.74 274.75 Td (business) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (All ) Tj ET Q q 0 0 0 rg BT 85.51 253.75 Td (phases ) Tj ET Q q 0 0 0 rg BT 120.15 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 130.88 253.75 Td (our ) Tj ET Q q 0 0 0 rg BT 147.72 253.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 196.82 253.75 Td (are ) Tj ET Q q 0 0 0 rg BT 213.66 253.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 247.74 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 258.47 253.75 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 326.46 253.75 Td (health ) Tj ET Q q 0 0 0 rg BT 356.10 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 375.17 253.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 404.25 253.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 450.56 253.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 491.87 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 502.60 253.75 Td (a ) Tj ET Q q 0 0 0 rg BT 510.56 253.75 Td (variety ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 84.71 241.75 Td (Canadian, ) Tj ET Q q 0 0 0 rg BT 134.67 241.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 158.50 241.75 Td (and ) Tj ET Q q 0 0 0 rg BT 179.55 241.75 Td (other ) Tj ET Q q 0 0 0 rg BT 206.72 241.75 Td (federal, ) Tj ET Q q 0 0 0 rg BT 244.44 241.75 Td (provincial, ) Tj ET Q q 0 0 0 rg BT 293.83 241.75 Td (state ) Tj ET Q q 0 0 0 rg BT 319.89 241.75 Td (and ) Tj ET Q q 0 0 0 rg BT 340.94 241.75 Td (municipal ) Tj ET Q q 0 0 0 rg BT 387.56 241.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 411.93 241.75 Td (and ) Tj ET Q q 0 0 0 rg BT 432.99 241.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 486.28 241.75 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 537.22 241.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.55 229.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 145.90 229.75 Td (regulations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.80 229.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 208.68 229.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 254.60 229.75 Td (occupational ) Tj ET Q q 0 0 0 rg BT 312.75 229.75 Td (health ) Tj ET Q q 0 0 0 rg BT 342.00 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.69 229.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 389.37 229.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 425.83 229.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.17 229.75 Td (our ) Tj ET Q q 0 0 0 rg BT 452.63 229.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 504.10 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 520.01 229.75 Td (spill, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (release ) Tj ET Q q 0 0 0 rg BT 108.69 217.75 Td (or ) Tj ET Q q 0 0 0 rg BT 121.47 217.75 Td (emission ) Tj ET Q q 0 0 0 rg BT 164.81 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.04 217.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 221.50 217.75 Td (into ) Tj ET Q q 0 0 0 rg BT 241.51 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 259.30 217.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 318.22 217.75 Td (or ) Tj ET Q q 0 0 0 rg BT 331.00 217.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 377.69 217.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 414.38 217.75 Td (to ) Tj ET Q q 0 0 0 rg BT 426.60 217.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 493.31 217.75 Td (protection. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 137.71 205.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 188.43 205.75 Td (require ) Tj ET Q q 0 0 0 rg BT 221.35 205.75 Td (that ) Tj ET Q q 0 0 0 rg BT 239.82 205.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 266.62 205.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 296.20 205.75 Td (sites ) Tj ET Q q 0 0 0 rg BT 318.55 205.75 Td (and ) Tj ET Q q 0 0 0 rg BT 337.03 205.75 Td (other ) Tj ET Q q 0 0 0 rg BT 361.62 205.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 407.88 205.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 457.48 205.75 Td (with ) Tj ET Q q 0 0 0 rg BT 477.06 205.75 Td (our ) Tj ET Q q 0 0 0 rg BT 493.30 205.75 Td (operations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (be ) Tj ET Q q 0 0 0 rg BT 85.48 193.75 Td (constructed, ) Tj ET Q q 0 0 0 rg BT 142.31 193.75 Td (operated, ) Tj ET Q q 0 0 0 rg BT 186.92 193.75 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 240.97 193.75 Td (abandoned ) Tj ET Q q 0 0 0 rg BT 293.38 193.75 Td (and ) Tj ET Q q 0 0 0 rg BT 312.42 193.75 Td (reclaimed ) Tj ET Q q 0 0 0 rg BT 358.12 193.75 Td (to ) Tj ET Q q 0 0 0 rg BT 368.82 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 385.07 193.75 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 437.45 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 448.15 193.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 495.54 193.75 Td (regulatory ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 124.85 181.75 Td (In ) Tj ET Q q 0 0 0 rg BT 137.12 181.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 178.86 181.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.80 181.75 Td (types ) Tj ET Q q 0 0 0 rg BT 240.64 181.75 Td (of ) Tj ET Q q 0 0 0 rg BT 252.91 181.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 306.32 181.75 Td (including ) Tj ET Q q 0 0 0 rg BT 349.72 181.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 402.58 181.75 Td (and ) Tj ET Q q 0 0 0 rg BT 423.19 181.75 Td (development ) Tj ET Q q 0 0 0 rg BT 484.38 181.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 523.33 181.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 169.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 113.70 169.75 Td (to ) Tj ET Q q 0 0 0 rg BT 125.93 169.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 159.83 169.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 197.63 169.75 Td (projects, ) Tj ET Q q 0 0 0 rg BT 239.31 169.75 Td (may ) Tj ET Q q 0 0 0 rg BT 262.09 169.75 Td (require ) Tj ET Q q 0 0 0 rg BT 297.10 169.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.90 169.75 Td (submission ) Tj ET Q q 0 0 0 rg BT 368.80 169.75 Td (and ) Tj ET Q q 0 0 0 rg BT 389.38 169.75 Td (approval ) Tj ET Q q 0 0 0 rg BT 431.63 169.75 Td (of ) Tj ET Q q 0 0 0 rg BT 443.86 169.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 510.56 169.75 Td (impact ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 157.75 Td (assessments ) Tj ET Q q 0 0 0 rg BT 133.91 157.75 Td (or ) Tj ET Q q 0 0 0 rg BT 146.36 157.75 Td (permit ) Tj ET Q q 0 0 0 rg BT 177.70 157.75 Td (applications. ) Tj ET Q q 0 0 0 rg BT 236.85 157.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 304.33 157.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 356.80 157.75 Td (impose, ) Tj ET Q q 0 0 0 rg BT 395.38 157.75 Td (among ) Tj ET Q q 0 0 0 rg BT 429.51 157.75 Td (other ) Tj ET Q q 0 0 0 rg BT 455.86 157.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 488.88 157.75 Td (restrictions, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 145.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 111.96 145.75 Td (and ) Tj ET Q q 0 0 0 rg BT 130.82 145.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 180.80 145.75 Td (in ) Tj ET Q q 0 0 0 rg BT 190.75 145.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 241.29 145.75 Td (with ) Tj ET Q q 0 0 0 rg BT 261.25 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.32 145.75 Td (generation, ) Tj ET Q q 0 0 0 rg BT 329.53 145.75 Td (handling, ) Tj ET Q q 0 0 0 rg BT 372.29 145.75 Td (use, ) Tj ET Q q 0 0 0 rg BT 393.36 145.75 Td (storage, ) Tj ET Q q 0 0 0 rg BT 431.67 145.75 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 497.76 145.75 Td (treatment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.57 133.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 131.15 133.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.37 133.75 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 191.96 133.75 Td (substances ) Tj ET Q q 0 0 0 rg BT 245.43 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 265.00 133.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 294.01 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 313.58 133.75 Td (in ) Tj ET Q q 0 0 0 rg BT 324.25 133.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 375.51 133.75 Td (with ) Tj ET Q q 0 0 0 rg BT 396.18 133.75 Td (spills, ) Tj ET Q q 0 0 0 rg BT 424.07 133.75 Td (releases ) Tj ET Q q 0 0 0 rg BT 464.76 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.33 133.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 531.67 133.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 121.75 Td (various ) Tj ET Q q 0 0 0 rg BT 106.88 121.75 Td (substances ) Tj ET Q q 0 0 0 rg BT 160.12 121.75 Td (to ) Tj ET Q q 0 0 0 rg BT 171.11 121.75 Td (the ) Tj ET Q q 0 0 0 rg BT 187.66 121.75 Td (environment. ) Tj ET Q q 0 0 0 rg BT 248.11 121.75 Td (It ) Tj ET Q q 0 0 0 rg BT 256.32 121.75 Td (also ) Tj ET Q q 0 0 0 rg BT 277.31 121.75 Td (imposes ) Tj ET Q q 0 0 0 rg BT 317.19 121.75 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 370.96 121.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 411.40 121.75 Td (and ) Tj ET Q q 0 0 0 rg BT 430.74 121.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 481.20 121.75 Td (in ) Tj ET Q q 0 0 0 rg BT 491.63 121.75 Td (connection ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 109.75 Td (with ) Tj ET Q q 0 0 0 rg BT 92.26 109.75 Td (the ) Tj ET Q q 0 0 0 rg BT 108.65 109.75 Td (management ) Tj ET Q q 0 0 0 rg BT 169.50 109.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.32 109.75 Td (fresh ) Tj ET Q q 0 0 0 rg BT 205.03 109.75 Td (or ) Tj ET Q q 0 0 0 rg BT 216.41 109.75 Td (potable ) Tj ET Q q 0 0 0 rg BT 251.69 109.75 Td (water ) Tj ET Q q 0 0 0 rg BT 278.63 109.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 316.13 109.75 Td (that ) Tj ET Q q 0 0 0 rg BT 335.29 109.75 Td (are ) Tj ET Q q 0 0 0 rg BT 352.22 109.75 Td (being ) Tj ET Q q 0 0 0 rg BT 379.17 109.75 Td (used, ) Tj ET Q q 0 0 0 rg BT 406.11 109.75 Td (or ) Tj ET Q q 0 0 0 rg BT 417.49 109.75 Td (whose ) Tj ET Q q 0 0 0 rg BT 448.88 109.75 Td (use ) Tj ET Q q 0 0 0 rg BT 467.48 109.75 Td (is ) Tj ET Q q 0 0 0 rg BT 477.18 109.75 Td (contemplated, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 97.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.58 97.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 135.75 97.75 Td (with ) Tj ET Q q 0 0 0 rg BT 157.33 97.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 171.13 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 191.61 97.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 211.53 97.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 264.56 97.75 Td (The ) Tj ET Q q 0 0 0 rg BT 285.59 97.75 Td (provinces ) Tj ET Q q 0 0 0 rg BT 332.18 97.75 Td (of ) Tj ET Q q 0 0 0 rg BT 343.57 97.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 379.05 97.75 Td (and ) Tj ET Q q 0 0 0 rg BT 399.53 97.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 468.37 97.75 Td (have ) Tj ET Q q 0 0 0 rg BT 493.85 97.75 Td (developed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 85.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 107.87 85.75 Td (management ) Tj ET Q q 0 0 0 rg BT 172.10 85.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 220.20 85.75 Td (designed ) Tj ET Q q 0 0 0 rg BT 266.65 85.75 Td (to ) Tj ET Q q 0 0 0 rg BT 280.85 85.75 Td (prevent ) Tj ET Q q 0 0 0 rg BT 320.06 85.75 Td (taxpayers ) Tj ET Q q 0 0 0 rg BT 369.28 85.75 Td (from ) Tj ET Q q 0 0 0 rg BT 395.14 85.75 Td (incurring ) Tj ET Q q 0 0 0 rg BT 439.35 85.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 468.55 85.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 522.22 85.75 Td (with ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I53 Do Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (36) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (suspension, ) Tj ET Q q 0 0 0 rg BT 127.98 712.75 Td (abandonment, ) Tj ET Q q 0 0 0 rg BT 194.54 712.75 Td (remediation ) Tj ET Q q 0 0 0 rg BT 249.41 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 268.71 712.75 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 323.01 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 333.97 712.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 361.59 712.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 399.77 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 419.07 712.75 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 461.16 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 471.56 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.08 712.75 Td (event ) Tj ET Q q 0 0 0 rg BT 515.15 712.75 Td (that ) Tj ET Q q 0 0 0 rg BT 534.45 712.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (licensee ) Tj ET Q q 0 0 0 rg BT 111.76 700.75 Td (or ) Tj ET Q q 0 0 0 rg BT 123.72 700.75 Td (permit ) Tj ET Q q 0 0 0 rg BT 154.57 700.75 Td (holder ) Tj ET Q q 0 0 0 rg BT 185.44 700.75 Td (becomes ) Tj ET Q q 0 0 0 rg BT 229.09 700.75 Td (defunct. ) Tj ET Q q 0 0 0 rg BT 267.54 700.75 Td (These ) Tj ET Q q 0 0 0 rg BT 298.40 700.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 343.71 700.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 387.36 700.75 Td (involve ) Tj ET Q q 0 0 0 rg BT 421.56 700.75 Td (an ) Tj ET Q q 0 0 0 rg BT 435.75 700.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 492.17 700.75 Td (of ) Tj ET Q q 0 0 0 rg BT 503.58 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 520.55 700.75 Td (ratio ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.90 688.75 Td (a ) Tj ET Q q 0 0 0 rg BT 93.02 688.75 Td (licensee's ) Tj ET Q q 0 0 0 rg BT 140.18 688.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 179.88 688.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 212.34 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 224.24 688.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 263.93 688.75 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 308.06 688.75 Td (If ) Tj ET Q q 0 0 0 rg BT 317.18 688.75 Td (a ) Tj ET Q q 0 0 0 rg BT 326.30 688.75 Td (licensee's ) Tj ET Q q 0 0 0 rg BT 373.46 688.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 413.16 688.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 454.51 688.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 490.32 688.75 Td (its ) Tj ET Q q 0 0 0 rg BT 503.88 688.75 Td (deemed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 107.05 676.75 Td (a ) Tj ET Q q 0 0 0 rg BT 115.97 676.75 Td (security ) Tj ET Q q 0 0 0 rg BT 153.79 676.75 Td (deposit ) Tj ET Q q 0 0 0 rg BT 189.40 676.75 Td (is ) Tj ET Q q 0 0 0 rg BT 199.99 676.75 Td (required. ) Tj ET Q q 0 0 0 rg BT 242.82 676.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 286.22 676.75 Td (in ) Tj ET Q q 0 0 0 rg BT 297.37 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.64 676.75 Td (ratio ) Tj ET Q q 0 0 0 rg BT 337.45 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 349.16 676.75 Td (our ) Tj ET Q q 0 0 0 rg BT 366.98 676.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 406.48 676.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 438.75 676.75 Td (to ) Tj ET Q q 0 0 0 rg BT 450.45 676.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 489.96 676.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 531.12 676.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 113.38 664.75 Td (to ) Tj ET Q q 0 0 0 rg BT 125.29 664.75 Td (the ) Tj ET Q q 0 0 0 rg BT 142.76 664.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 204.70 664.75 Td (of ) Tj ET Q q 0 0 0 rg BT 216.61 664.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 250.19 664.75 Td (management ) Tj ET Q q 0 0 0 rg BT 312.13 664.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 357.94 664.75 Td (may ) Tj ET Q q 0 0 0 rg BT 380.40 664.75 Td (result ) Tj ET Q q 0 0 0 rg BT 408.43 664.75 Td (in ) Tj ET Q q 0 0 0 rg BT 419.78 664.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 467.82 664.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 514.19 664.75 Td (to ) Tj ET Q q 0 0 0 rg BT 526.10 664.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (security ) Tj ET Q q 0 0 0 rg BT 110.30 652.75 Td (that ) Tj ET Q q 0 0 0 rg BT 130.83 652.75 Td (must ) Tj ET Q q 0 0 0 rg BT 156.35 652.75 Td (be ) Tj ET Q q 0 0 0 rg BT 171.33 652.75 Td (posted, ) Tj ET Q q 0 0 0 rg BT 207.98 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 225.73 652.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 256.26 652.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.45 652.75 Td (our ) Tj ET Q q 0 0 0 rg BT 286.75 652.75 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 351.76 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.30 652.75 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 427.83 652.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.38 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 498.92 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 516.67 652.75 Td (costs ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 640.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 122.59 640.75 Td (with ) Tj ET Q q 0 0 0 rg BT 143.15 640.75 Td (such ) Tj ET Q q 0 0 0 rg BT 167.05 640.75 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 127.35 619.75 Td (with ) Tj ET Q q 0 0 0 rg BT 147.69 619.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 213.05 619.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 264.53 619.75 Td (can ) Tj ET Q q 0 0 0 rg BT 283.20 619.75 Td (require ) Tj ET Q q 0 0 0 rg BT 316.88 619.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 363.90 619.75 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 426.49 619.75 Td (including ) Tj ET Q q 0 0 0 rg BT 468.52 619.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 528.33 619.75 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (clean-up ) Tj ET Q q 0 0 0 rg BT 113.31 607.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 139.59 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 159.23 607.75 Td (damages ) Tj ET Q q 0 0 0 rg BT 203.31 607.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 235.72 607.75 Td (out ) Tj ET Q q 0 0 0 rg BT 252.57 607.75 Td (of ) Tj ET Q q 0 0 0 rg BT 263.85 607.75 Td (contaminated ) Tj ET Q q 0 0 0 rg BT 326.84 607.75 Td (properties. ) Tj ET Q q 0 0 0 rg BT 377.04 607.75 Td (Failure ) Tj ET Q q 0 0 0 rg BT 410.55 607.75 Td (to ) Tj ET Q q 0 0 0 rg BT 421.84 607.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 456.46 607.75 Td (with ) Tj ET Q q 0 0 0 rg BT 477.19 607.75 Td (environmental ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 124.11 595.75 Td (may ) Tj ET Q q 0 0 0 rg BT 146.19 595.75 Td (result ) Tj ET Q q 0 0 0 rg BT 173.83 595.75 Td (in ) Tj ET Q q 0 0 0 rg BT 184.79 595.75 Td (the ) Tj ET Q q 0 0 0 rg BT 201.88 595.75 Td (imposition ) Tj ET Q q 0 0 0 rg BT 250.09 595.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.62 595.75 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 329.27 595.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 349.12 595.75 Td (and ) Tj ET Q q 0 0 0 rg BT 368.99 595.75 Td (criminal ) Tj ET Q q 0 0 0 rg BT 406.63 595.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 449.84 595.75 Td (or ) Tj ET Q q 0 0 0 rg BT 461.92 595.75 Td (issuance ) Tj ET Q q 0 0 0 rg BT 504.58 595.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.10 595.75 Td (clean ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (up ) Tj ET Q q 0 0 0 rg BT 86.26 583.75 Td (orders ) Tj ET Q q 0 0 0 rg BT 117.75 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 128.67 583.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 164.60 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.08 583.75 Td (us ) Tj ET Q q 0 0 0 rg BT 189.78 583.75 Td (or ) Tj ET Q q 0 0 0 rg BT 201.81 583.75 Td (our ) Tj ET Q q 0 0 0 rg BT 219.40 583.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 269.79 583.75 Td (some ) Tj ET Q q 0 0 0 rg BT 297.38 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 308.86 583.75 Td (which ) Tj ET Q q 0 0 0 rg BT 337.57 583.75 Td (may ) Tj ET Q q 0 0 0 rg BT 359.60 583.75 Td (be ) Tj ET Q q 0 0 0 rg BT 373.86 583.75 Td (material. ) Tj ET Q q 0 0 0 rg BT 415.34 583.75 Td (W) Tj ET Q q 0 0 0 rg BT 424.60 583.75 Td (e ) Tj ET Q q 0 0 0 rg BT 433.30 583.75 Td (may ) Tj ET Q q 0 0 0 rg BT 455.33 583.75 Td (also ) Tj ET Q q 0 0 0 rg BT 476.82 583.75 Td (beexposed ) Tj ET Q q 0 0 0 rg BT 531.66 583.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 571.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 90.48 571.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 122.31 571.75 Td (for ) Tj ET Q q 0 0 0 rg BT 135.79 571.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 200.42 571.75 Td (matters ) Tj ET Q q 0 0 0 rg BT 235.58 571.75 Td (or ) Tj ET Q q 0 0 0 rg BT 246.29 571.75 Td (for ) Tj ET Q q 0 0 0 rg BT 259.77 571.75 Td (the ) Tj ET Q q 0 0 0 rg BT 275.49 571.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 312.33 571.75 Td (of ) Tj ET Q q 0 0 0 rg BT 322.49 571.75 Td (third ) Tj ET Q q 0 0 0 rg BT 343.76 571.75 Td (parties, ) Tj ET Q q 0 0 0 rg BT 378.37 571.75 Td (including ) Tj ET Q q 0 0 0 rg BT 419.66 571.75 Td (private ) Tj ET Q q 0 0 0 rg BT 451.49 571.75 Td (parties ) Tj ET Q q 0 0 0 rg BT 483.32 571.75 Td (commencing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 559.75 Td (actions ) Tj ET Q q 0 0 0 rg BT 106.93 559.75 Td (and ) Tj ET Q q 0 0 0 rg BT 126.87 559.75 Td (new ) Tj ET Q q 0 0 0 rg BT 148.46 559.75 Td (theories ) Tj ET Q q 0 0 0 rg BT 187.29 559.75 Td (of ) Tj ET Q q 0 0 0 rg BT 198.88 559.75 Td (liability) Tj ET Q q 0 0 0 rg BT 228.14 559.75 Td (, ) Tj ET Q q 0 0 0 rg BT 234.17 559.75 Td (regardless ) Tj ET Q q 0 0 0 rg BT 284.11 559.75 Td (of ) Tj ET Q q 0 0 0 rg BT 295.70 559.75 Td (negligence ) Tj ET Q q 0 0 0 rg BT 347.32 559.75 Td (or ) Tj ET Q q 0 0 0 rg BT 359.46 559.75 Td (fault. ) Tj ET Q q 0 0 0 rg BT 383.74 559.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 426.47 559.75 Td (it ) Tj ET Q q 0 0 0 rg BT 434.72 559.75 Td (is ) Tj ET Q q 0 0 0 rg BT 445.19 559.75 Td (not ) Tj ET Q q 0 0 0 rg BT 462.34 559.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 506.18 559.75 Td (that ) Tj ET Q q 0 0 0 rg BT 526.10 559.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 96.87 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 106.74 547.75 Td (complying ) Tj ET Q q 0 0 0 rg BT 153.29 547.75 Td (with ) Tj ET Q q 0 0 0 rg BT 172.60 547.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 236.94 547.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 287.39 547.75 Td (will ) Tj ET Q q 0 0 0 rg BT 302.80 547.75 Td (have ) Tj ET Q q 0 0 0 rg BT 326.02 547.75 Td (a ) Tj ET Q q 0 0 0 rg BT 333.11 547.75 Td (material ) Tj ET Q q 0 0 0 rg BT 370.20 547.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 407.31 547.75 Td (ef) Tj ET Q q 0 0 0 rg BT 415.47 547.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 433.11 547.75 Td (on ) Tj ET Q q 0 0 0 rg BT 445.77 547.75 Td (our ) Tj ET Q q 0 0 0 rg BT 461.75 547.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 499.97 547.75 Td (condition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 535.75 Td (or ) Tj ET Q q 0 0 0 rg BT 82.49 535.75 Td (results ) Tj ET Q q 0 0 0 rg BT 113.54 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 123.47 535.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 174.54 535.75 Td (no ) Tj ET Q q 0 0 0 rg BT 187.26 535.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 234.99 535.75 Td (can ) Tj ET Q q 0 0 0 rg BT 252.71 535.75 Td (be ) Tj ET Q q 0 0 0 rg BT 265.43 535.75 Td (made ) Tj ET Q q 0 0 0 rg BT 292.04 535.75 Td (that ) Tj ET Q q 0 0 0 rg BT 310.32 535.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.81 535.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.75 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 360.68 535.75 Td (complying ) Tj ET Q q 0 0 0 rg BT 407.30 535.75 Td (with ) Tj ET Q q 0 0 0 rg BT 426.68 535.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 491.08 535.75 Td (regulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 523.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.91 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 101.93 523.75 Td (future ) Tj ET Q q 0 0 0 rg BT 131.63 523.75 Td (will ) Tj ET Q q 0 0 0 rg BT 149.64 523.75 Td (not ) Tj ET Q q 0 0 0 rg BT 167.66 523.75 Td (have ) Tj ET Q q 0 0 0 rg BT 193.47 523.75 Td (such ) Tj ET Q q 0 0 0 rg BT 218.72 523.75 Td (an ) Tj ET Q q 0 0 0 rg BT 233.97 523.75 Td (ef) Tj ET Q q 0 0 0 rg BT 242.13 523.75 Td (fect. ) Tj ET Q q 0 0 0 rg BT 264.88 523.75 Td (The ) Tj ET Q q 0 0 0 rg BT 286.23 523.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 358.17 523.75 Td (of ) Tj ET Q q 0 0 0 rg BT 370.63 523.75 Td (new ) Tj ET Q q 0 0 0 rg BT 393.10 523.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 460.04 523.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 513.08 523.75 Td (or ) Tj ET Q q 0 0 0 rg BT 526.10 523.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 511.75 Td (modification ) Tj ET Q q 0 0 0 rg BT 128.15 511.75 Td (of ) Tj ET Q q 0 0 0 rg BT 139.28 511.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 175.97 511.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 241.57 511.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 293.28 511.75 Td (af) Tj ET Q q 0 0 0 rg BT 301.44 511.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 333.70 511.75 Td (the ) Tj ET Q q 0 0 0 rg BT 350.39 511.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 363.18 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 382.65 511.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 401.57 511.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 439.37 511.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 482.74 511.75 Td (could ) Tj ET Q q 0 0 0 rg BT 509.43 511.75 Td (reduce ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 499.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 110.95 499.75 Td (for ) Tj ET Q q 0 0 0 rg BT 125.43 499.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 153.26 499.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 166.08 499.75 Td (and ) Tj ET Q q 0 0 0 rg BT 185.57 499.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 218.96 499.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 240.67 499.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 281.28 499.75 Td (in ) Tj ET Q q 0 0 0 rg BT 291.88 499.75 Td (stricter ) Tj ET Q q 0 0 0 rg BT 324.69 499.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 371.42 499.75 Td (and ) Tj ET Q q 0 0 0 rg BT 390.92 499.75 Td (enforcement, ) Tj ET Q q 0 0 0 rg BT 452.09 499.75 Td (larger ) Tj ET Q q 0 0 0 rg BT 480.47 499.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 523.31 499.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 487.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 104.52 487.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.71 487.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 169.58 487.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 201.00 487.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 260.77 487.75 Td (and ) Tj ET Q q 0 0 0 rg BT 279.96 487.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 324.17 487.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 352.80 487.75 Td (which ) Tj ET Q q 0 0 0 rg BT 380.88 487.75 Td (could ) Tj ET Q q 0 0 0 rg BT 407.29 487.75 Td (have ) Tj ET Q q 0 0 0 rg BT 431.49 487.75 Td (a ) Tj ET Q q 0 0 0 rg BT 439.56 487.75 Td (material ) Tj ET Q q 0 0 0 rg BT 477.63 487.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 515.72 487.75 Td (ef) Tj ET Q q 0 0 0 rg BT 523.88 487.75 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 475.75 Td (on ) Tj ET Q q 0 0 0 rg BT 85.65 475.75 Td (our ) Tj ET Q q 0 0 0 rg BT 102.62 475.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.83 475.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 187.16 475.75 Td (results ) Tj ET Q q 0 0 0 rg BT 219.14 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 230.00 475.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 279.22 475.75 Td (or ) Tj ET Q q 0 0 0 rg BT 290.63 475.75 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 339.29 475.75 Td (See ) Tj ET Q q 0 0 0 rg BT 359.60 475.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 363.15 475.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 401.25 475.75 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 451.02 475.75 Td (- ) Tj ET Q q 0 0 0 rg BT 456.87 475.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 523.31 475.75 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 463.75 Td (Occupational ) Tj ET Q q 0 0 0 rg BT 133.15 463.75 Td (Safety ) Tj ET Q q 0 0 0 rg BT 164.28 463.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.74 463.75 Td (Health ) Tj ET Q q 0 0 0 rg BT 215.42 463.75 Td (Regulation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.24 463.75 Td (".) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (In ) Tj ET Q q 0 0 0 rg BT 82.66 442.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 120.01 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 130.68 442.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 177.47 442.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 238.15 442.75 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 284.39 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 295.05 442.75 Td (the ) Tj ET Q q 0 0 0 rg BT 311.28 442.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 363.08 442.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 409.30 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 428.31 442.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 448.98 442.75 Td (of ) Tj ET Q q 0 0 0 rg BT 459.64 442.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 471.97 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.97 442.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 523.87 442.75 Td (gas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 121.57 430.75 Td (above, ) Tj ET Q q 0 0 0 rg BT 154.46 430.75 Td (our ) Tj ET Q q 0 0 0 rg BT 171.79 430.75 Td (business ) Tj ET Q q 0 0 0 rg BT 214.13 430.75 Td (and ) Tj ET Q q 0 0 0 rg BT 233.68 430.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.24 430.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 316.14 430.75 Td (could ) Tj ET Q q 0 0 0 rg BT 342.92 430.75 Td (be ) Tj ET Q q 0 0 0 rg BT 356.91 430.75 Td (influenced ) Tj ET Q q 0 0 0 rg BT 405.37 430.75 Td (by ) Tj ET Q q 0 0 0 rg BT 418.81 430.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 452.25 430.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 499.60 430.75 Td (af) Tj ET Q q 0 0 0 rg BT 507.76 430.75 Td (fecting, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 418.75 Td (in ) Tj ET Q q 0 0 0 rg BT 81.38 418.75 Td (particular) Tj ET Q q 0 0 0 rg BT 121.96 418.75 Td (, ) Tj ET Q q 0 0 0 rg BT 126.34 418.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 158.52 418.75 Td (investment, ) Tj ET Q q 0 0 0 rg BT 211.25 418.75 Td (through ) Tj ET Q q 0 0 0 rg BT 246.77 418.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 292.84 418.75 Td (such ) Tj ET Q q 0 0 0 rg BT 315.56 418.75 Td (as ) Tj ET Q q 0 0 0 rg BT 327.72 418.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 343.23 418.75 Td (Competition ) Tj ET Q q 0 0 0 rg BT 397.97 418.75 Td (Act) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.42 418.75 Td ( ) Tj ET Q q 0 0 0 rg BT 414.02 418.75 Td (\(Canada\) ) Tj ET Q q 0 0 0 rg BT 457.31 418.75 Td (and ) Tj ET Q q 0 0 0 rg BT 475.60 418.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 491.10 418.75 Td (Investment ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 406.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 109.44 406.75 Td (Act) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 123.88 406.75 Td ( ) Tj ET Q q 0 0 0 rg BT 126.66 406.75 Td (\(Canada\) ) Tj ET Q q 0 0 0 rg BT 171.13 406.75 Td (and ) Tj ET Q q 0 0 0 rg BT 190.59 406.75 Td (in ) Tj ET Q q 0 0 0 rg BT 201.16 406.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.83 406.75 Td (United ) Tj ET Q q 0 0 0 rg BT 249.52 406.75 Td (States ) Tj ET Q q 0 0 0 rg BT 280.65 406.75 Td (by ) Tj ET Q q 0 0 0 rg BT 293.99 406.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.67 406.75 Td (Hart-Scott-Rodino ) Tj ET Q q 0 0 0 rg BT 392.92 406.75 Td (Antitrust ) Tj ET Q q 0 0 0 rg BT 432.38 406.75 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 497.96 406.75 Td (Act.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 385.75 Td (Public perception and its influence of the regulatory regime) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (Concern ) Tj ET Q q 0 0 0 rg BT 112.54 364.75 Td (over ) Tj ET Q q 0 0 0 rg BT 134.73 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.37 364.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 183.57 364.75 Td (of ) Tj ET Q q 0 0 0 rg BT 194.65 364.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.39 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 226.82 364.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 245.68 364.75 Td (development ) Tj ET Q q 0 0 0 rg BT 305.68 364.75 Td (on ) Tj ET Q q 0 0 0 rg BT 319.54 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.19 364.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 393.96 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.38 364.75 Td (climate ) Tj ET Q q 0 0 0 rg BT 447.79 364.75 Td (change ) Tj ET Q q 0 0 0 rg BT 483.34 364.75 Td (has ) Tj ET Q q 0 0 0 rg BT 502.21 364.75 Td (received ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td (considerable ) Tj ET Q q 0 0 0 rg BT 132.92 352.75 Td (attention ) Tj ET Q q 0 0 0 rg BT 175.50 352.75 Td (in ) Tj ET Q q 0 0 0 rg BT 187.50 352.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.62 352.75 Td (media ) Tj ET Q q 0 0 0 rg BT 237.07 352.75 Td (and ) Tj ET Q q 0 0 0 rg BT 257.97 352.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 289.98 352.75 Td (public ) Tj ET Q q 0 0 0 rg BT 320.33 352.75 Td (commentary) Tj ET Q q 0 0 0 rg BT 374.60 352.75 Td (, ) Tj ET Q q 0 0 0 rg BT 381.60 352.75 Td (and ) Tj ET Q q 0 0 0 rg BT 402.50 352.75 Td (the ) Tj ET Q q 0 0 0 rg BT 420.62 352.75 Td (social ) Tj ET Q q 0 0 0 rg BT 450.40 352.75 Td (value ) Tj ET Q q 0 0 0 rg BT 478.52 352.75 Td (proposition ) Tj ET Q q 0 0 0 rg BT 531.66 352.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (resource ) Tj ET Q q 0 0 0 rg BT 114.17 340.75 Td (development ) Tj ET Q q 0 0 0 rg BT 174.69 340.75 Td (is ) Tj ET Q q 0 0 0 rg BT 185.17 340.75 Td (being ) Tj ET Q q 0 0 0 rg BT 212.90 340.75 Td (challenged. ) Tj ET Q q 0 0 0 rg BT 266.66 340.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 317.06 340.75 Td (, ) Tj ET Q q 0 0 0 rg BT 323.10 340.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.37 340.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 394.11 340.75 Td (leaks, ) Tj ET Q q 0 0 0 rg BT 423.49 340.75 Td (major ) Tj ET Q q 0 0 0 rg BT 451.75 340.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 490.59 340.75 Td (events ) Tj ET Q q 0 0 0 rg BT 523.31 340.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (induced ) Tj ET Q q 0 0 0 rg BT 109.90 328.75 Td (seismicity ) Tj ET Q q 0 0 0 rg BT 156.10 328.75 Td (events ) Tj ET Q q 0 0 0 rg BT 188.43 328.75 Td (have ) Tj ET Q q 0 0 0 rg BT 212.98 328.75 Td (gained ) Tj ET Q q 0 0 0 rg BT 245.88 328.75 Td (media, ) Tj ET Q q 0 0 0 rg BT 278.76 328.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 344.44 328.75 Td (and ) Tj ET Q q 0 0 0 rg BT 363.99 328.75 Td (other ) Tj ET Q q 0 0 0 rg BT 389.65 328.75 Td (stakeholder ) Tj ET Q q 0 0 0 rg BT 444.22 328.75 Td (attention. ) Tj ET Q q 0 0 0 rg BT 488.23 328.75 Td (Future ) Tj ET Q q 0 0 0 rg BT 520.00 328.75 Td (laws ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 316.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.36 316.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 135.96 316.75 Td (may ) Tj ET Q q 0 0 0 rg BT 156.52 316.75 Td (be ) Tj ET Q q 0 0 0 rg BT 169.32 316.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 211.57 316.75 Td (by ) Tj ET Q q 0 0 0 rg BT 223.81 316.75 Td (such ) Tj ET Q q 0 0 0 rg BT 246.61 316.75 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 290.53 316.75 Td (which ) Tj ET Q q 0 0 0 rg BT 317.77 316.75 Td (could ) Tj ET Q q 0 0 0 rg BT 343.35 316.75 Td (have ) Tj ET Q q 0 0 0 rg BT 366.71 316.75 Td (a ) Tj ET Q q 0 0 0 rg BT 373.95 316.75 Td (material ) Tj ET Q q 0 0 0 rg BT 411.19 316.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 448.44 316.75 Td (ef) Tj ET Q q 0 0 0 rg BT 456.60 316.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.40 316.75 Td (on ) Tj ET Q q 0 0 0 rg BT 487.19 316.75 Td (our ) Tj ET Q q 0 0 0 rg BT 503.32 316.75 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 304.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 117.59 304.75 Td (results ) Tj ET Q q 0 0 0 rg BT 149.82 304.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.94 304.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 210.41 304.75 Td (or ) Tj ET Q q 0 0 0 rg BT 222.08 304.75 Td (prospects.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (Climate ) Tj ET Q q 0 0 0 rg BT 110.87 283.75 Td (change ) Tj ET Q q 0 0 0 rg BT 148.62 283.75 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 197.49 283.75 Td (may ) Tj ET Q q 0 0 0 rg BT 220.25 283.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 258.01 283.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 315.22 283.75 Td (or ) Tj ET Q q 0 0 0 rg BT 327.96 283.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 356.83 283.75 Td (on ) Tj ET Q q 0 0 0 rg BT 371.79 283.75 Td (our ) Tj ET Q q 0 0 0 rg BT 390.64 283.75 Td (business ) Tj ET Q q 0 0 0 rg BT 436.74 283.75 Td (which ) Tj ET Q q 0 0 0 rg BT 467.82 283.75 Td (have ) Tj ET Q q 0 0 0 rg BT 493.35 283.75 Td (a ) Tj ET Q q 0 0 0 rg BT 501.66 283.75 Td (material ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 112.59 271.75 Td (af) Tj ET Q q 0 0 0 rg BT 121.30 271.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 141.86 271.75 Td (on ) Tj ET Q q 0 0 0 rg BT 156.85 271.75 Td (our ) Tj ET Q q 0 0 0 rg BT 175.74 271.75 Td (business) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.87 250.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 144.00 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.89 250.75 Td (production ) Tj ET Q q 0 0 0 rg BT 213.79 250.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 252.56 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 272.45 250.75 Td (other ) Tj ET Q q 0 0 0 rg BT 298.45 250.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 351.13 250.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 392.68 250.75 Td (emit ) Tj ET Q q 0 0 0 rg BT 414.78 250.75 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 470.80 250.75 Td (gases ) Tj ET Q q 0 0 0 rg BT 500.69 250.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.57 250.75 Td (GHG) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.35 250.75 Td ("\). ) Tj ET Q q 0 0 0 rg BT 542.79 250.75 Td ( ) Tj ET Q q 0 0 0 rg BT 545.57 250.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (As ) Tj ET Q q 0 0 0 rg BT 86.86 238.75 Td (such, ) Tj ET Q q 0 0 0 rg BT 113.94 238.75 Td (it ) Tj ET Q q 0 0 0 rg BT 122.13 238.75 Td (is ) Tj ET Q q 0 0 0 rg BT 132.54 238.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 161.85 238.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 187.27 238.75 Td (that ) Tj ET Q q 0 0 0 rg BT 207.13 238.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 233.10 238.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 280.74 238.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 327.85 238.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 373.84 238.75 Td (carbon ) Tj ET Q q 0 0 0 rg BT 407.60 238.75 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 438.02 238.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 476.79 238.75 Td (in ) Tj ET Q q 0 0 0 rg BT 487.76 238.75 Td (jurisdictions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 226.75 Td (where ) Tj ET Q q 0 0 0 rg BT 102.01 226.75 Td (we ) Tj ET Q q 0 0 0 rg BT 117.58 226.75 Td (operate ) Tj ET Q q 0 0 0 rg BT 154.27 226.75 Td (will ) Tj ET Q q 0 0 0 rg BT 170.94 226.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 203.17 226.75 Td (us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (Negative ) Tj ET Q q 0 0 0 rg BT 113.97 205.75 Td (consequences ) Tj ET Q q 0 0 0 rg BT 180.96 205.75 Td (which ) Tj ET Q q 0 0 0 rg BT 209.03 205.75 Td (could ) Tj ET Q q 0 0 0 rg BT 235.43 205.75 Td (result ) Tj ET Q q 0 0 0 rg BT 262.39 205.75 Td (from ) Tj ET Q q 0 0 0 rg BT 284.89 205.75 Td (new ) Tj ET Q q 0 0 0 rg BT 305.73 205.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 331.01 205.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 377.97 205.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 424.39 205.75 Td (include, ) Tj ET Q q 0 0 0 rg BT 461.36 205.75 Td (but ) Tj ET Q q 0 0 0 rg BT 477.76 205.75 Td (are ) Tj ET Q q 0 0 0 rg BT 494.71 205.75 Td (not ) Tj ET Q q 0 0 0 rg BT 511.11 205.75 Td (limited ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 86.95 193.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 134.15 193.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 179.68 193.75 Td (costs; ) Tj ET Q q 0 0 0 rg BT 209.63 193.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 256.83 193.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 314.58 193.75 Td (and ) Tj ET Q q 0 0 0 rg BT 335.10 193.75 Td (development ) Tj ET Q q 0 0 0 rg BT 396.20 193.75 Td (costs; ) Tj ET Q q 0 0 0 rg BT 426.15 193.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 472.80 193.75 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 523.32 193.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 125.45 181.75 Td (costs; ) Tj ET Q q 0 0 0 rg BT 154.43 181.75 Td (a ) Tj ET Q q 0 0 0 rg BT 162.86 181.75 Td (requirement ) Tj ET Q q 0 0 0 rg BT 219.08 181.75 Td (to ) Tj ET Q q 0 0 0 rg BT 230.29 181.75 Td (redesign ) Tj ET Q q 0 0 0 rg BT 271.51 181.75 Td (or ) Tj ET Q q 0 0 0 rg BT 283.27 181.75 Td (retrofit ) Tj ET Q q 0 0 0 rg BT 314.47 181.75 Td (current ) Tj ET Q q 0 0 0 rg BT 348.46 181.75 Td (facilities; ) Tj ET Q q 0 0 0 rg BT 389.67 181.75 Td (permitting ) Tj ET Q q 0 0 0 rg BT 436.44 181.75 Td (delays; ) Tj ET Q q 0 0 0 rg BT 470.99 181.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 516.67 181.75 Td (costs ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 169.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 124.85 169.75 Td (with ) Tj ET Q q 0 0 0 rg BT 147.67 169.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.61 169.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 212.79 169.75 Td (of ) Tj ET Q q 0 0 0 rg BT 226.17 169.75 Td (emission ) Tj ET Q q 0 0 0 rg BT 270.66 169.75 Td (credits ) Tj ET Q q 0 0 0 rg BT 305.15 169.75 Td (or ) Tj ET Q q 0 0 0 rg BT 319.08 169.75 Td (allowances; ) Tj ET Q q 0 0 0 rg BT 376.38 169.75 Td (and ) Tj ET Q q 0 0 0 rg BT 398.10 169.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 439.28 169.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 480.45 169.75 Td (for ) Tj ET Q q 0 0 0 rg BT 497.16 169.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 527.21 169.75 Td (oil. ) Tj ET Q q 0 0 0 rg BT 542.78 169.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 157.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 122.40 157.75 Td (, ) Tj ET Q q 0 0 0 rg BT 127.65 157.75 Td (if ) Tj ET Q q 0 0 0 rg BT 135.12 157.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 160.37 157.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 207.30 157.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 253.69 157.75 Td (dif) Tj ET Q q 0 0 0 rg BT 264.08 157.75 Td (fers ) Tj ET Q q 0 0 0 rg BT 283.22 157.75 Td (by ) Tj ET Q q 0 0 0 rg BT 296.25 157.75 Td (region ) Tj ET Q q 0 0 0 rg BT 326.52 157.75 Td (or ) Tj ET Q q 0 0 0 rg BT 337.88 157.75 Td (type ) Tj ET Q q 0 0 0 rg BT 359.26 157.75 Td (of ) Tj ET Q q 0 0 0 rg BT 370.07 157.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 422.02 157.75 Td (all ) Tj ET Q q 0 0 0 rg BT 434.49 157.75 Td (or ) Tj ET Q q 0 0 0 rg BT 445.86 157.75 Td (part ) Tj ET Q q 0 0 0 rg BT 465.56 157.75 Td (of ) Tj ET Q q 0 0 0 rg BT 476.37 157.75 Td (our ) Tj ET Q q 0 0 0 rg BT 493.30 157.75 Td (production ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 145.75 Td (could ) Tj ET Q q 0 0 0 rg BT 98.68 145.75 Td (be ) Tj ET Q q 0 0 0 rg BT 112.59 145.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.05 145.75 Td (to ) Tj ET Q q 0 0 0 rg BT 158.17 145.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 184.29 145.75 Td (which ) Tj ET Q q 0 0 0 rg BT 212.63 145.75 Td (are ) Tj ET Q q 0 0 0 rg BT 229.86 145.75 Td (disproportionately ) Tj ET Q q 0 0 0 rg BT 311.58 145.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 342.15 145.75 Td (than ) Tj ET Q q 0 0 0 rg BT 364.39 145.75 Td (those ) Tj ET Q q 0 0 0 rg BT 391.63 145.75 Td (of ) Tj ET Q q 0 0 0 rg BT 402.75 145.75 Td (other ) Tj ET Q q 0 0 0 rg BT 428.32 145.75 Td (producers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.26 124.75 Td (direct ) Tj ET Q q 0 0 0 rg BT 117.74 124.75 Td (or ) Tj ET Q q 0 0 0 rg BT 128.66 124.75 Td (indirect ) Tj ET Q q 0 0 0 rg BT 162.92 124.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 188.29 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 198.65 124.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 251.26 124.75 Td (with ) Tj ET Q q 0 0 0 rg BT 271.07 124.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 295.88 124.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 342.36 124.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 388.31 124.75 Td (may ) Tj ET Q q 0 0 0 rg BT 409.23 124.75 Td (have ) Tj ET Q q 0 0 0 rg BT 432.94 124.75 Td (a ) Tj ET Q q 0 0 0 rg BT 440.53 124.75 Td (material ) Tj ET Q q 0 0 0 rg BT 478.12 124.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 515.72 124.75 Td (af) Tj ET Q q 0 0 0 rg BT 523.88 124.75 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (on ) Tj ET Q q 0 0 0 rg BT 86.43 112.75 Td (our ) Tj ET Q q 0 0 0 rg BT 104.19 112.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 149.74 112.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.74 112.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 235.85 112.75 Td (results ) Tj ET Q q 0 0 0 rg BT 268.61 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 280.26 112.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 330.26 112.75 Td (and ) Tj ET Q q 0 0 0 rg BT 350.25 112.75 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 399.03 112.75 Td (At ) Tj ET Q q 0 0 0 rg BT 411.79 112.75 Td (this ) Tj ET Q q 0 0 0 rg BT 430.66 112.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 455.63 112.75 Td (it ) Tj ET Q q 0 0 0 rg BT 463.94 112.75 Td (is ) Tj ET Q q 0 0 0 rg BT 474.47 112.75 Td (not ) Tj ET Q q 0 0 0 rg BT 491.67 112.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 531.67 112.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (predict ) Tj ET Q q 0 0 0 rg BT 104.79 100.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 143.15 100.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 196.51 100.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.63 100.75 Td (will ) Tj ET Q q 0 0 0 rg BT 239.29 100.75 Td (have ) Tj ET Q q 0 0 0 rg BT 263.75 100.75 Td (a ) Tj ET Q q 0 0 0 rg BT 272.09 100.75 Td (material ) Tj ET Q q 0 0 0 rg BT 310.44 100.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 348.79 100.75 Td (af) Tj ET Q q 0 0 0 rg BT 356.95 100.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 375.85 100.75 Td (on ) Tj ET Q q 0 0 0 rg BT 389.75 100.75 Td (our ) Tj ET Q q 0 0 0 rg BT 406.98 100.75 Td (business.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I54 Do Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (37) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 113.84 712.75 Td (we ) Tj ET Q q 0 0 0 rg BT 128.98 712.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 164.13 712.75 Td (for ) Tj ET Q q 0 0 0 rg BT 178.16 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 194.42 712.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 242.35 712.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 283.07 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 293.21 712.75 Td (our ) Tj ET Q q 0 0 0 rg BT 310.02 712.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 342.41 712.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 373.67 712.75 Td (budget ) Tj ET Q q 0 0 0 rg BT 406.61 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 417.31 712.75 Td (fund ) Tj ET Q q 0 0 0 rg BT 439.13 712.75 Td (our ) Tj ET Q q 0 0 0 rg BT 455.94 712.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 496.65 712.75 Td (estimated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 124.81 700.75 Td (there ) Tj ET Q q 0 0 0 rg BT 149.82 700.75 Td (can ) Tj ET Q q 0 0 0 rg BT 168.16 700.75 Td (be ) Tj ET Q q 0 0 0 rg BT 181.51 700.75 Td (no ) Tj ET Q q 0 0 0 rg BT 194.85 700.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 243.21 700.75 Td (that ) Tj ET Q q 0 0 0 rg BT 262.10 700.75 Td (we ) Tj ET Q q 0 0 0 rg BT 277.11 700.75 Td (will ) Tj ET Q q 0 0 0 rg BT 293.21 700.75 Td (be ) Tj ET Q q 0 0 0 rg BT 306.56 700.75 Td (able ) Tj ET Q q 0 0 0 rg BT 327.68 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 338.24 700.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 368.80 700.75 Td (our ) Tj ET Q q 0 0 0 rg BT 385.47 700.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 414.38 700.75 Td (future ) Tj ET Q q 0 0 0 rg BT 442.17 700.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 492.20 700.75 Td (associated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (with ) Tj ET Q q 0 0 0 rg BT 92.67 688.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 118.33 688.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 165.67 688.75 Td (from ) Tj ET Q q 0 0 0 rg BT 188.55 688.75 Td (such ) Tj ET Q q 0 0 0 rg BT 212.56 688.75 Td (funds. ) Tj ET Q q 0 0 0 rg BT 242.68 688.75 Td (For ) Tj ET Q q 0 0 0 rg BT 260.56 688.75 Td (more ) Tj ET Q q 0 0 0 rg BT 286.23 688.75 Td (information ) Tj ET Q q 0 0 0 rg BT 338.58 688.75 Td (on ) Tj ET Q q 0 0 0 rg BT 352.59 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.37 688.75 Td (evolution ) Tj ET Q q 0 0 0 rg BT 412.28 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 431.85 688.75 Td (status ) Tj ET Q q 0 0 0 rg BT 461.41 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 472.63 688.75 Td (climate ) Tj ET Q q 0 0 0 rg BT 507.19 688.75 Td (change ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 676.75 Td (related ) Tj ET Q q 0 0 0 rg BT 124.82 676.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 190.41 676.75 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 240.44 676.75 Td (see ) Tj ET Q q 0 0 0 rg BT 259.34 676.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 262.89 676.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 301.24 676.75 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 351.27 676.75 Td (- ) Tj ET Q q 0 0 0 rg BT 357.38 676.75 Td (Climate ) Tj ET Q q 0 0 0 rg BT 394.05 676.75 Td (Change ) Tj ET Q q 0 0 0 rg BT 431.86 676.75 Td (Regulation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.67 676.75 Td (".) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (V) Tj ET Q q 0 0 0 rg BT 78.30 655.75 Td (ariations ) Tj ET Q q 0 0 0 rg BT 122.17 655.75 Td (in ) Tj ET Q q 0 0 0 rg BT 133.24 655.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 171.55 655.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 197.64 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 217.61 655.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 253.68 655.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 302.00 655.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 328.09 655.75 Td (could ) Tj ET Q q 0 0 0 rg BT 356.95 655.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 405.28 655.75 Td (af) Tj ET Q q 0 0 0 rg BT 413.99 655.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 433.96 655.75 Td (our ) Tj ET Q q 0 0 0 rg BT 452.26 655.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 495.01 655.75 Td (condition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 634.75 Td (There ) Tj ET Q q 0 0 0 rg BT 100.99 634.75 Td (is ) Tj ET Q q 0 0 0 rg BT 111.08 634.75 Td (a ) Tj ET Q q 0 0 0 rg BT 119.51 634.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 137.93 634.75 Td (that ) Tj ET Q q 0 0 0 rg BT 157.48 634.75 Td (the ) Tj ET Q q 0 0 0 rg BT 174.25 634.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 209.91 634.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 235.00 634.75 Td (will ) Tj ET Q q 0 0 0 rg BT 251.76 634.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 292.42 634.75 Td (given ) Tj ET Q q 0 0 0 rg BT 319.20 634.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.97 634.75 Td (current ) Tj ET Q q 0 0 0 rg BT 369.96 634.75 Td (historical ) Tj ET Q q 0 0 0 rg BT 412.28 634.75 Td (low ) Tj ET Q q 0 0 0 rg BT 430.16 634.75 Td (level ) Tj ET Q q 0 0 0 rg BT 453.59 634.75 Td (of ) Tj ET Q q 0 0 0 rg BT 464.80 634.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 500.46 634.75 Td (rates. ) Tj ET Q q 0 0 0 rg BT 527.77 634.75 Td (An ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 111.87 622.75 Td (in ) Tj ET Q q 0 0 0 rg BT 121.73 622.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.60 622.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 180.90 622.75 Td (could ) Tj ET Q q 0 0 0 rg BT 206.88 622.75 Td (result ) Tj ET Q q 0 0 0 rg BT 233.41 622.75 Td (in ) Tj ET Q q 0 0 0 rg BT 243.27 622.75 Td (a ) Tj ET Q q 0 0 0 rg BT 250.90 622.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 297.45 622.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 337.32 622.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.17 622.75 Td (the ) Tj ET Q q 0 0 0 rg BT 363.15 622.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 398.58 622.75 Td (we ) Tj ET Q q 0 0 0 rg BT 413.44 622.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 431.63 622.75 Td (to ) Tj ET Q q 0 0 0 rg BT 442.05 622.75 Td (service ) Tj ET Q q 0 0 0 rg BT 475.80 622.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 497.33 622.75 Td (and ) Tj ET Q q 0 0 0 rg BT 516.09 622.75 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (have ) Tj ET Q q 0 0 0 rg BT 95.54 610.75 Td (an ) Tj ET Q q 0 0 0 rg BT 108.53 610.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 145.96 610.75 Td (ef) Tj ET Q q 0 0 0 rg BT 154.12 610.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 172.10 610.75 Td (on ) Tj ET Q q 0 0 0 rg BT 185.08 610.75 Td (our ) Tj ET Q q 0 0 0 rg BT 201.40 610.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.95 610.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 284.61 610.75 Td (results ) Tj ET Q q 0 0 0 rg BT 315.93 610.75 Td (of ) Tj ET Q q 0 0 0 rg BT 326.13 610.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 374.69 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 393.23 610.75 Td (future ) Tj ET Q q 0 0 0 rg BT 420.66 610.75 Td (growth, ) Tj ET Q q 0 0 0 rg BT 455.31 610.75 Td (potentially ) Tj ET Q q 0 0 0 rg BT 502.20 610.75 Td (resulting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.56 598.75 Td (a ) Tj ET Q q 0 0 0 rg BT 90.90 598.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 134.82 598.75 Td (to ) Tj ET Q q 0 0 0 rg BT 145.94 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.62 598.75 Td (market ) Tj ET Q q 0 0 0 rg BT 195.96 598.75 Td (price ) Tj ET Q q 0 0 0 rg BT 220.41 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 231.53 598.75 Td (our ) Tj ET Q q 0 0 0 rg BT 248.76 598.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 292.10 598.75 Td (Shares.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 577.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 577.75 Td (orld ) Tj ET Q q 0 0 0 rg BT 99.74 577.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 111.55 577.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 140.03 577.75 Td (are ) Tj ET Q q 0 0 0 rg BT 156.29 577.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 188.69 577.75 Td (in ) Tj ET Q q 0 0 0 rg BT 198.28 577.75 Td (United ) Tj ET Q q 0 0 0 rg BT 228.99 577.75 Td (States ) Tj ET Q q 0 0 0 rg BT 259.15 577.75 Td (dollars ) Tj ET Q q 0 0 0 rg BT 290.41 577.75 Td (and ) Tj ET Q q 0 0 0 rg BT 308.90 577.75 Td (the ) Tj ET Q q 0 0 0 rg BT 324.61 577.75 Td (price ) Tj ET Q q 0 0 0 rg BT 348.09 577.75 Td (received ) Tj ET Q q 0 0 0 rg BT 387.70 577.75 Td (by ) Tj ET Q q 0 0 0 rg BT 400.07 577.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 444.69 577.75 Td (producers ) Tj ET Q q 0 0 0 rg BT 490.96 577.75 Td (is ) Tj ET Q q 0 0 0 rg BT 499.99 577.75 Td (therefore ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 565.75 Td (af) Tj ET Q q 0 0 0 rg BT 80.16 565.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 110.19 565.75 Td (by ) Tj ET Q q 0 0 0 rg BT 123.54 565.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.23 565.75 Td (Canada/U.S. ) Tj ET Q q 0 0 0 rg BT 200.27 565.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 233.63 565.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 279.79 565.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 299.81 565.75 Td (that ) Tj ET Q q 0 0 0 rg BT 319.28 565.75 Td (may ) Tj ET Q q 0 0 0 rg BT 340.96 565.75 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 381.55 565.75 Td (over ) Tj ET Q q 0 0 0 rg BT 403.79 565.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 427.69 565.75 Td (A) Tj ET Q q 0 0 0 rg BT 433.81 565.75 Td ( ) Tj ET Q q 0 0 0 rg BT 436.60 565.75 Td (material ) Tj ET Q q 0 0 0 rg BT 474.95 565.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 515.54 565.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.11 565.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 553.75 Td (value ) Tj ET Q q 0 0 0 rg BT 99.00 553.75 Td (of ) Tj ET Q q 0 0 0 rg BT 110.43 553.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.42 553.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 173.33 553.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 200.88 553.75 Td (may ) Tj ET Q q 0 0 0 rg BT 222.86 553.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 270.98 553.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 303.53 553.75 Td (our ) Tj ET Q q 0 0 0 rg BT 321.07 553.75 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 368.08 553.75 Td ( ) Tj ET Q q 0 0 0 rg BT 370.56 553.75 Td (A) Tj ET Q q 0 0 0 rg BT 376.67 553.75 Td ( ) Tj ET Q q 0 0 0 rg BT 379.77 553.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 430.67 553.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 464.33 553.75 Td (of ) Tj ET Q q 0 0 0 rg BT 475.77 553.75 Td (our ) Tj ET Q q 0 0 0 rg BT 493.31 553.75 Td (operations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 92.51 541.75 Td (production ) Tj ET Q q 0 0 0 rg BT 143.04 541.75 Td (are ) Tj ET Q q 0 0 0 rg BT 161.31 541.75 Td (in ) Tj ET Q q 0 0 0 rg BT 172.92 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 190.65 541.75 Td (United ) Tj ET Q q 0 0 0 rg BT 223.38 541.75 Td (States ) Tj ET Q q 0 0 0 rg BT 255.56 541.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 278.85 541.75 Td (as ) Tj ET Q q 0 0 0 rg BT 293.23 541.75 Td (such, ) Tj ET Q q 0 0 0 rg BT 320.96 541.75 Td (we ) Tj ET Q q 0 0 0 rg BT 337.57 541.75 Td (are ) Tj ET Q q 0 0 0 rg BT 355.85 541.75 Td (exposed ) Tj ET Q q 0 0 0 rg BT 397.48 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.65 541.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 444.05 541.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 486.22 541.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 505.60 541.75 Td (on ) Tj ET Q q 0 0 0 rg BT 520.54 541.75 Td (both ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 116.03 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 135.61 529.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 161.84 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 173.07 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 189.86 529.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 220.00 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 236.79 529.75 Td (value ) Tj ET Q q 0 0 0 rg BT 263.59 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 274.82 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 291.61 529.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 337.32 529.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 364.67 529.75 Td (decreases ) Tj ET Q q 0 0 0 rg BT 413.70 529.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 448.83 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 460.06 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.85 529.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 499.19 529.75 Td (dollar) Tj ET Q q 0 0 0 rg BT 523.10 529.75 Td (. ) Tj ET Q q 0 0 0 rg BT 528.77 529.75 Td ( ) Tj ET Q q 0 0 0 rg BT 531.66 529.75 Td (In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 112.86 517.75 Td (we ) Tj ET Q q 0 0 0 rg BT 128.70 517.75 Td (are ) Tj ET Q q 0 0 0 rg BT 146.21 517.75 Td (exposed ) Tj ET Q q 0 0 0 rg BT 187.07 517.75 Td (to ) Tj ET Q q 0 0 0 rg BT 198.47 517.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 232.10 517.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 273.50 517.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 292.11 517.75 Td (as ) Tj ET Q q 0 0 0 rg BT 305.72 517.75 Td (our ) Tj ET Q q 0 0 0 rg BT 323.23 517.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 352.96 517.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 394.91 517.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.65 517.75 Td (a ) Tj ET Q q 0 0 0 rg BT 423.27 517.75 Td (large ) Tj ET Q q 0 0 0 rg BT 448.56 517.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 482.19 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 493.59 517.75 Td (our ) Tj ET Q q 0 0 0 rg BT 511.09 517.75 Td (Senior ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 101.06 505.75 Td (are ) Tj ET Q q 0 0 0 rg BT 118.46 505.75 Td (denominated ) Tj ET Q q 0 0 0 rg BT 179.22 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 189.94 505.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 212.33 505.75 Td (dollars ) Tj ET Q q 0 0 0 rg BT 244.73 505.75 Td (and ) Tj ET Q q 0 0 0 rg BT 264.35 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 281.19 505.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 316.93 505.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 354.90 505.75 Td (thereon ) Tj ET Q q 0 0 0 rg BT 391.75 505.75 Td (is ) Tj ET Q q 0 0 0 rg BT 401.91 505.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 439.88 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 450.61 505.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 472.99 505.75 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 508.17 505.75 Td ( ) Tj ET Q q 0 0 0 rg BT 511.11 505.75 Td (Future ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (Canada/U.S. ) Tj ET Q q 0 0 0 rg BT 132.40 493.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 166.12 493.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 212.64 493.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 238.02 493.75 Td (could ) Tj ET Q q 0 0 0 rg BT 265.07 493.75 Td (also ) Tj ET Q q 0 0 0 rg BT 286.56 493.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 319.16 493.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.21 493.75 Td (future ) Tj ET Q q 0 0 0 rg BT 364.92 493.75 Td (value ) Tj ET Q q 0 0 0 rg BT 391.98 493.75 Td (of ) Tj ET Q q 0 0 0 rg BT 403.46 493.75 Td (our ) Tj ET Q q 0 0 0 rg BT 421.06 493.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 462.55 493.75 Td (as ) Tj ET Q q 0 0 0 rg BT 476.26 493.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 529.43 493.75 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (our ) Tj ET Q q 0 0 0 rg BT 89.23 481.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 147.06 481.75 Td (evaluator) Tj ET Q q 0 0 0 rg BT 187.65 481.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (A) Tj ET Q q 0 0 0 rg BT 78.12 460.75 Td ( ) Tj ET Q q 0 0 0 rg BT 81.94 460.75 Td (decline ) Tj ET Q q 0 0 0 rg BT 117.45 460.75 Td (in ) Tj ET Q q 0 0 0 rg BT 129.06 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 146.78 460.75 Td (value ) Tj ET Q q 0 0 0 rg BT 174.51 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 186.67 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 204.39 460.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 251.03 460.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 279.31 460.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 315.36 460.75 Td (to ) Tj ET Q q 0 0 0 rg BT 327.53 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 345.25 460.75 Td (United ) Tj ET Q q 0 0 0 rg BT 377.98 460.75 Td (States ) Tj ET Q q 0 0 0 rg BT 410.15 460.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 438.43 460.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 480.05 460.75 Td (a ) Tj ET Q q 0 0 0 rg BT 489.43 460.75 Td (competitive ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (advantage ) Tj ET Q q 0 0 0 rg BT 121.97 448.75 Td (to ) Tj ET Q q 0 0 0 rg BT 133.56 448.75 Td (United ) Tj ET Q q 0 0 0 rg BT 165.73 448.75 Td (States ) Tj ET Q q 0 0 0 rg BT 197.33 448.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 248.95 448.75 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 292.79 448.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 338.86 448.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 352.12 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.06 448.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 391.44 448.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 439.17 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 459.11 448.75 Td (may ) Tj ET Q q 0 0 0 rg BT 481.26 448.75 Td (make ) Tj ET Q q 0 0 0 rg BT 508.97 448.75 Td (it ) Tj ET Q q 0 0 0 rg BT 517.23 448.75 Td (more ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (dif) Tj ET Q q 0 0 0 rg BT 82.38 436.75 Td (ficult ) Tj ET Q q 0 0 0 rg BT 105.72 436.75 Td (for ) Tj ET Q q 0 0 0 rg BT 120.17 436.75 Td (us ) Tj ET Q q 0 0 0 rg BT 133.51 436.75 Td (to ) Tj ET Q q 0 0 0 rg BT 144.63 436.75 Td (replace ) Tj ET Q q 0 0 0 rg BT 180.20 436.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 221.33 436.75 Td (through ) Tj ET Q q 0 0 0 rg BT 258.02 436.75 Td (acquisitions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 415.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.56 415.75 Td (hedging ) Tj ET Q q 0 0 0 rg BT 134.22 415.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.80 415.75 Td (may ) Tj ET Q q 0 0 0 rg BT 202.59 415.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 254.28 415.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 289.29 415.75 Td (our ) Tj ET Q q 0 0 0 rg BT 308.18 415.75 Td (income ) Tj ET Q q 0 0 0 rg BT 345.96 415.75 Td (and ) Tj ET Q q 0 0 0 rg BT 366.52 415.75 Td (our ) Tj ET Q q 0 0 0 rg BT 385.41 415.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 428.75 415.75 Td (condition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 394.75 Td (In ) Tj ET Q q 0 0 0 rg BT 82.75 394.75 Td (response ) Tj ET Q q 0 0 0 rg BT 126.29 394.75 Td (to ) Tj ET Q q 0 0 0 rg BT 137.04 394.75 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 190.04 394.75 Td (in ) Tj ET Q q 0 0 0 rg BT 200.23 394.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 250.98 394.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 282.84 394.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 315.83 394.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 361.60 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 380.70 394.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 415.90 394.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 443.32 394.75 Td (we ) Tj ET Q q 0 0 0 rg BT 458.51 394.75 Td (may ) Tj ET Q q 0 0 0 rg BT 479.81 394.75 Td (utilize ) Tj ET Q q 0 0 0 rg BT 507.78 394.75 Td (various ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 382.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 118.90 382.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.69 382.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 215.48 382.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.26 382.75 Td (physical ) Tj ET Q q 0 0 0 rg BT 276.49 382.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 303.94 382.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 348.61 382.75 Td (to ) Tj ET Q q 0 0 0 rg BT 361.05 382.75 Td (manage ) Tj ET Q q 0 0 0 rg BT 401.29 382.75 Td (our ) Tj ET Q q 0 0 0 rg BT 419.84 382.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 465.08 382.75 Td (under ) Tj ET Q q 0 0 0 rg BT 494.76 382.75 Td (a ) Tj ET Q q 0 0 0 rg BT 504.42 382.75 Td (hedging ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 370.75 Td (program. ) Tj ET Q q 0 0 0 rg BT 113.89 370.75 Td (The ) Tj ET Q q 0 0 0 rg BT 133.12 370.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 160.12 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 170.46 370.75 Td (these ) Tj ET Q q 0 0 0 rg BT 196.92 370.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 260.62 370.75 Td (may ) Tj ET Q q 0 0 0 rg BT 281.52 370.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 301.29 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.19 370.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 349.22 370.75 Td (to ) Tj ET Q q 0 0 0 rg BT 359.56 370.75 Td (us ) Tj ET Q q 0 0 0 rg BT 372.12 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 382.46 370.75 Td (favourable ) Tj ET Q q 0 0 0 rg BT 431.16 370.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 470.97 370.75 Td (in ) Tj ET Q q 0 0 0 rg BT 480.76 370.75 Td (these ) Tj ET Q q 0 0 0 rg BT 507.22 370.75 Td (factors, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 358.75 Td (including ) Tj ET Q q 0 0 0 rg BT 114.18 358.75 Td (receiving ) Tj ET Q q 0 0 0 rg BT 156.92 358.75 Td (less ) Tj ET Q q 0 0 0 rg BT 177.41 358.75 Td (than ) Tj ET Q q 0 0 0 rg BT 199.59 358.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.20 358.75 Td (market ) Tj ET Q q 0 0 0 rg BT 249.47 358.75 Td (price ) Tj ET Q q 0 0 0 rg BT 273.86 358.75 Td (for ) Tj ET Q q 0 0 0 rg BT 288.24 358.75 Td (our ) Tj ET Q q 0 0 0 rg BT 305.41 358.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 357.60 358.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.99 358.75 Td (may ) Tj ET Q q 0 0 0 rg BT 398.60 358.75 Td (also ) Tj ET Q q 0 0 0 rg BT 419.65 358.75 Td (result ) Tj ET Q q 0 0 0 rg BT 446.82 358.75 Td (in ) Tj ET Q q 0 0 0 rg BT 457.31 358.75 Td (us ) Tj ET Q q 0 0 0 rg BT 470.59 358.75 Td (paying ) Tj ET Q q 0 0 0 rg BT 502.77 358.75 Td (royalties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (at ) Tj ET Q q 0 0 0 rg BT 82.78 346.75 Td (a ) Tj ET Q q 0 0 0 rg BT 90.79 346.75 Td (reference ) Tj ET Q q 0 0 0 rg BT 135.48 346.75 Td (price ) Tj ET Q q 0 0 0 rg BT 159.60 346.75 Td (which ) Tj ET Q q 0 0 0 rg BT 187.61 346.75 Td (is ) Tj ET Q q 0 0 0 rg BT 197.28 346.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 227.52 346.75 Td (than ) Tj ET Q q 0 0 0 rg BT 249.43 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 265.78 346.75 Td (hedged ) Tj ET Q q 0 0 0 rg BT 301.59 346.75 Td (price. ) Tj ET Q q 0 0 0 rg BT 328.49 346.75 Td (W) Tj ET Q q 0 0 0 rg BT 337.75 346.75 Td (e ) Tj ET Q q 0 0 0 rg BT 345.75 346.75 Td (may ) Tj ET Q q 0 0 0 rg BT 367.09 346.75 Td (also ) Tj ET Q q 0 0 0 rg BT 387.88 346.75 Td (suf) Tj ET Q q 0 0 0 rg BT 401.04 346.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 415.15 346.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 454.29 346.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.51 346.75 Td (due ) Tj ET Q q 0 0 0 rg BT 493.64 346.75 Td (to ) Tj ET Q q 0 0 0 rg BT 504.43 346.75 Td (hedging ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 136.73 334.75 Td (if ) Tj ET Q q 0 0 0 rg BT 144.77 334.75 Td (we ) Tj ET Q q 0 0 0 rg BT 160.59 334.75 Td (are ) Tj ET Q q 0 0 0 rg BT 178.07 334.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 211.14 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 222.51 334.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 261.69 334.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 274.72 334.75 Td (or ) Tj ET Q q 0 0 0 rg BT 286.65 334.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 320.26 334.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 339.42 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.79 334.75 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 373.83 334.75 Td (our ) Tj ET Q q 0 0 0 rg BT 391.32 334.75 Td (delivery ) Tj ET Q q 0 0 0 rg BT 428.81 334.75 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 482.24 334.75 Td (There ) Tj ET Q q 0 0 0 rg BT 511.40 334.75 Td (is ) Tj ET Q q 0 0 0 rg BT 521.66 334.75 Td (also ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 119.66 322.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 165.11 322.75 Td (to ) Tj ET Q q 0 0 0 rg BT 177.75 322.75 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 237.64 322.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 266.40 322.75 Td (risk. ) Tj ET Q q 0 0 0 rg BT 288.75 322.75 Td (T) Tj ET Q q 0 0 0 rg BT 293.75 322.75 Td (o ) Tj ET Q q 0 0 0 rg BT 303.62 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 321.83 322.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 353.37 322.75 Td (that ) Tj ET Q q 0 0 0 rg BT 374.36 322.75 Td (our ) Tj ET Q q 0 0 0 rg BT 393.11 322.75 Td (current ) Tj ET Q q 0 0 0 rg BT 428.54 322.75 Td (hedging ) Tj ET Q q 0 0 0 rg BT 468.44 322.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 525.55 322.75 Td (are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 116.87 310.75 Td (to ) Tj ET Q q 0 0 0 rg BT 127.83 310.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 143.80 310.75 Td (these ) Tj ET Q q 0 0 0 rg BT 170.88 310.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 208.53 310.75 Td (will ) Tj ET Q q 0 0 0 rg BT 225.04 310.75 Td (only ) Tj ET Q q 0 0 0 rg BT 246.00 310.75 Td (be ) Tj ET Q q 0 0 0 rg BT 259.75 310.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 297.39 310.75 Td (for ) Tj ET Q q 0 0 0 rg BT 311.68 310.75 Td (the ) Tj ET Q q 0 0 0 rg BT 328.21 310.75 Td (period ) Tj ET Q q 0 0 0 rg BT 358.63 310.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.93 310.75 Td (for ) Tj ET Q q 0 0 0 rg BT 392.22 310.75 Td (the ) Tj ET Q q 0 0 0 rg BT 408.75 310.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 459.71 310.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 505.14 310.75 Td (in ) Tj ET Q q 0 0 0 rg BT 515.55 310.75 Td (those ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 117.54 298.75 Td (In ) Tj ET Q q 0 0 0 rg BT 128.07 298.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 168.07 298.75 Td (there ) Tj ET Q q 0 0 0 rg BT 193.05 298.75 Td (is ) Tj ET Q q 0 0 0 rg BT 202.47 298.75 Td (no ) Tj ET Q q 0 0 0 rg BT 215.78 298.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 255.76 298.75 Td (that ) Tj ET Q q 0 0 0 rg BT 274.63 298.75 Td (we ) Tj ET Q q 0 0 0 rg BT 289.61 298.75 Td (will ) Tj ET Q q 0 0 0 rg BT 305.69 298.75 Td (be ) Tj ET Q q 0 0 0 rg BT 319.00 298.75 Td (able ) Tj ET Q q 0 0 0 rg BT 340.10 298.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.63 298.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 380.07 298.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 425.07 298.75 Td (hedges ) Tj ET Q q 0 0 0 rg BT 460.07 298.75 Td (at ) Tj ET Q q 0 0 0 rg BT 470.60 298.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 499.46 298.75 Td (that ) Tj ET Q q 0 0 0 rg BT 518.33 298.75 Td (have ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (an ) Tj ET Q q 0 0 0 rg BT 85.07 286.75 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 132.60 286.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 164.57 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 174.85 286.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 190.14 286.75 Td (which ) Tj ET Q q 0 0 0 rg BT 217.65 286.75 Td (may ) Tj ET Q q 0 0 0 rg BT 238.48 286.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 283.22 286.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.62 286.75 Td (our ) Tj ET Q q 0 0 0 rg BT 331.02 286.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 374.10 286.75 Td (in ) Tj ET Q q 0 0 0 rg BT 383.83 286.75 Td (future ) Tj ET Q q 0 0 0 rg BT 411.34 286.75 Td (periods. ) Tj ET Q q 0 0 0 rg BT 448.86 286.75 Td (For ) Tj ET Q q 0 0 0 rg BT 465.81 286.75 Td (more ) Tj ET Q q 0 0 0 rg BT 490.53 286.75 Td (information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (about ) Tj ET Q q 0 0 0 rg BT 99.04 274.75 Td (our ) Tj ET Q q 0 0 0 rg BT 115.50 274.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 165.86 274.75 Td (hedging ) Tj ET Q q 0 0 0 rg BT 203.47 274.75 Td (program, ) Tj ET Q q 0 0 0 rg BT 245.49 274.75 Td (see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 263.63 274.75 Td ("General ) Tj ET Q q 0 0 0 rg BT 304.77 274.75 Td (Description ) Tj ET Q q 0 0 0 rg BT 356.80 274.75 Td (of ) Tj ET Q q 0 0 0 rg BT 367.15 274.75 Td (our ) Tj ET Q q 0 0 0 rg BT 383.62 274.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 426.21 274.75 Td (- ) Tj ET Q q 0 0 0 rg BT 431.55 274.75 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 477.20 274.75 Td (Arrangements ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 262.75 Td (Forward ) Tj ET Q q 0 0 0 rg BT 130.92 262.75 Td (Contracts") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.26 262.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 111.15 241.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.74 241.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 155.55 241.75 Td (or ) Tj ET Q q 0 0 0 rg BT 169.69 241.75 Td (other ) Tj ET Q q 0 0 0 rg BT 198.82 241.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 224.64 241.75 Td (or ) Tj ET Q q 0 0 0 rg BT 238.78 241.75 Td (government ) Tj ET Q q 0 0 0 rg BT 300.14 241.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 347.63 241.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 397.89 241.75 Td (or ) Tj ET Q q 0 0 0 rg BT 412.02 241.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 470.06 241.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 510.31 241.75 Td (to ) Tj ET Q q 0 0 0 rg BT 523.89 241.75 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 114.31 229.75 Td (may ) Tj ET Q q 0 0 0 rg BT 137.18 229.75 Td (in ) Tj ET Q q 0 0 0 rg BT 148.93 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.79 229.75 Td (future ) Tj ET Q q 0 0 0 rg BT 197.98 229.75 Td (be ) Tj ET Q q 0 0 0 rg BT 212.51 229.75 Td (changed ) Tj ET Q q 0 0 0 rg BT 256.49 229.75 Td (or ) Tj ET Q q 0 0 0 rg BT 269.35 229.75 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 324.45 229.75 Td (in ) Tj ET Q q 0 0 0 rg BT 336.19 229.75 Td (a ) Tj ET Q q 0 0 0 rg BT 344.62 229.75 Td (manner ) Tj ET Q q 0 0 0 rg BT 383.60 229.75 Td (that ) Tj ET Q q 0 0 0 rg BT 404.79 229.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 453.80 229.75 Td (af) Tj ET Q q 0 0 0 rg BT 462.51 229.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 488.72 229.75 Td (us ) Tj ET Q q 0 0 0 rg BT 503.25 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 523.89 229.75 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (Shareholders) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 196.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 196.75 Td (e ) Tj ET Q q 0 0 0 rg BT 90.35 196.75 Td (file ) Tj ET Q q 0 0 0 rg BT 106.66 196.75 Td (all ) Tj ET Q q 0 0 0 rg BT 120.19 196.75 Td (required ) Tj ET Q q 0 0 0 rg BT 160.41 196.75 Td (income ) Tj ET Q q 0 0 0 rg BT 196.17 196.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 213.04 196.75 Td (returns ) Tj ET Q q 0 0 0 rg BT 247.69 196.75 Td (and ) Tj ET Q q 0 0 0 rg BT 267.91 196.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 303.13 196.75 Td (that ) Tj ET Q q 0 0 0 rg BT 323.33 196.75 Td (we ) Tj ET Q q 0 0 0 rg BT 339.64 196.75 Td (are ) Tj ET Q q 0 0 0 rg BT 357.63 196.75 Td (in ) Tj ET Q q 0 0 0 rg BT 368.94 196.75 Td (full ) Tj ET Q q 0 0 0 rg BT 385.25 196.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 439.36 196.75 Td (with ) Tj ET Q q 0 0 0 rg BT 460.67 196.75 Td (the ) Tj ET Q q 0 0 0 rg BT 478.10 196.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 526.66 196.75 Td (tax ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (legislation. ) Tj ET Q q 0 0 0 rg BT 121.17 184.75 Td (However) Tj ET Q q 0 0 0 rg BT 160.07 184.75 Td (, ) Tj ET Q q 0 0 0 rg BT 164.77 184.75 Td (such ) Tj ET Q q 0 0 0 rg BT 187.81 184.75 Td (returns ) Tj ET Q q 0 0 0 rg BT 220.84 184.75 Td (are ) Tj ET Q q 0 0 0 rg BT 237.21 184.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.81 184.75 Td (to ) Tj ET Q q 0 0 0 rg BT 281.07 184.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 304.67 184.75 Td (and ) Tj ET Q q 0 0 0 rg BT 323.27 184.75 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 387.43 184.75 Td (by ) Tj ET Q q 0 0 0 rg BT 399.91 184.75 Td (the ) Tj ET Q q 0 0 0 rg BT 415.72 184.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 462.67 184.75 Td (taxation ) Tj ET Q q 0 0 0 rg BT 499.61 184.75 Td (authority) Tj ET Q q 0 0 0 rg BT 537.23 184.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 172.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 91.48 172.75 Td (such ) Tj ET Q q 0 0 0 rg BT 114.85 172.75 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 179.34 172.75 Td (may ) Tj ET Q q 0 0 0 rg BT 200.48 172.75 Td (have ) Tj ET Q q 0 0 0 rg BT 224.41 172.75 Td (an ) Tj ET Q q 0 0 0 rg BT 237.78 172.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 269.48 172.75 Td (on ) Tj ET Q q 0 0 0 rg BT 282.85 172.75 Td (current ) Tj ET Q q 0 0 0 rg BT 316.22 172.75 Td (and ) Tj ET Q q 0 0 0 rg BT 335.15 172.75 Td (future ) Tj ET Q q 0 0 0 rg BT 362.97 172.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 389.12 172.75 Td (payable. ) Tj ET Q q 0 0 0 rg BT 429.17 172.75 Td ( ) Tj ET Q q 0 0 0 rg BT 430.97 172.75 Td (At ) Tj ET Q q 0 0 0 rg BT 442.66 172.75 Td (present, ) Tj ET Q q 0 0 0 rg BT 481.04 172.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.19 172.75 Td (Canadian ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 88.73 160.75 Td (authorities ) Tj ET Q q 0 0 0 rg BT 138.25 160.75 Td (have ) Tj ET Q q 0 0 0 rg BT 163.33 160.75 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 217.85 160.75 Td (the ) Tj ET Q q 0 0 0 rg BT 235.14 160.75 Td (returns ) Tj ET Q q 0 0 0 rg BT 269.66 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 281.38 160.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 314.79 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 326.52 160.75 Td (our ) Tj ET Q q 0 0 0 rg BT 344.36 160.75 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 403.33 160.75 Td ( ) Tj ET Q q 0 0 0 rg BT 406.72 160.75 Td (For ) Tj ET Q q 0 0 0 rg BT 425.11 160.75 Td (further ) Tj ET Q q 0 0 0 rg BT 457.40 160.75 Td (details, ) Tj ET Q q 0 0 0 rg BT 492.47 160.75 Td (see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 511.98 160.75 Td ("Legal ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (Proceedings ) Tj ET Q q 0 0 0 rg BT 130.37 148.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.83 148.75 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 200.60 148.75 Td (Actions") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.94 148.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 127.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 127.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 90.55 127.75 Td (authorities ) Tj ET Q q 0 0 0 rg BT 139.67 127.75 Td (having ) Tj ET Q q 0 0 0 rg BT 172.12 127.75 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 222.35 127.75 Td (over ) Tj ET Q q 0 0 0 rg BT 244.79 127.75 Td (us ) Tj ET Q q 0 0 0 rg BT 258.34 127.75 Td (or ) Tj ET Q q 0 0 0 rg BT 270.22 127.75 Td (our ) Tj ET Q q 0 0 0 rg BT 287.65 127.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 350.12 127.75 Td (may ) Tj ET Q q 0 0 0 rg BT 372.00 127.75 Td (disagree ) Tj ET Q q 0 0 0 rg BT 413.35 127.75 Td (with ) Tj ET Q q 0 0 0 rg BT 434.11 127.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.00 127.75 Td (manner ) Tj ET Q q 0 0 0 rg BT 487.89 127.75 Td (in ) Tj ET Q q 0 0 0 rg BT 498.66 127.75 Td (which ) Tj ET Q q 0 0 0 rg BT 527.21 127.75 Td (we ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 115.75 Td (calculate ) Tj ET Q q 0 0 0 rg BT 114.07 115.75 Td (our ) Tj ET Q q 0 0 0 rg BT 131.13 115.75 Td (income ) Tj ET Q q 0 0 0 rg BT 165.97 115.75 Td (for ) Tj ET Q q 0 0 0 rg BT 180.25 115.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 196.19 115.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 239.93 115.75 Td (or ) Tj ET Q q 0 0 0 rg BT 251.43 115.75 Td (could ) Tj ET Q q 0 0 0 rg BT 277.94 115.75 Td (change ) Tj ET Q q 0 0 0 rg BT 313.35 115.75 Td (their ) Tj ET Q q 0 0 0 rg BT 335.41 115.75 Td (administrative ) Tj ET Q q 0 0 0 rg BT 399.70 115.75 Td (practices ) Tj ET Q q 0 0 0 rg BT 442.32 115.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.27 115.75 Td (our ) Tj ET Q q 0 0 0 rg BT 470.32 115.75 Td (detriment ) Tj ET Q q 0 0 0 rg BT 514.61 115.75 Td (or ) Tj ET Q q 0 0 0 rg BT 526.11 115.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 103.75 Td (detriment ) Tj ET Q q 0 0 0 rg BT 116.16 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 126.98 103.75 Td (our ) Tj ET Q q 0 0 0 rg BT 143.92 103.75 Td (Shareholders. ) Tj ET Q q 0 0 0 rg BT 208.66 103.75 Td ( ) Tj ET Q q 0 0 0 rg BT 211.14 103.75 Td (In ) Tj ET Q q 0 0 0 rg BT 221.96 103.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 262.25 103.75 Td (income ) Tj ET Q q 0 0 0 rg BT 296.96 103.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 312.78 103.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 335.27 103.75 Td (and ) Tj ET Q q 0 0 0 rg BT 354.43 103.75 Td (government ) Tj ET Q q 0 0 0 rg BT 409.72 103.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 451.67 103.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 496.38 103.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 531.66 103.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 91.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.21 91.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 102.53 91.75 Td (and ) Tj ET Q q 0 0 0 rg BT 122.53 91.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 141.97 91.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 180.29 91.75 Td (may ) Tj ET Q q 0 0 0 rg BT 202.50 91.75 Td (change ) Tj ET Q q 0 0 0 rg BT 238.62 91.75 Td (in ) Tj ET Q q 0 0 0 rg BT 249.71 91.75 Td (a ) Tj ET Q q 0 0 0 rg BT 258.59 91.75 Td (manner ) Tj ET Q q 0 0 0 rg BT 295.81 91.75 Td (that ) Tj ET Q q 0 0 0 rg BT 315.80 91.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 361.91 91.75 Td (af) Tj ET Q q 0 0 0 rg BT 370.07 91.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 394.50 91.75 Td (the ) Tj ET Q q 0 0 0 rg BT 411.72 91.75 Td (market ) Tj ET Q q 0 0 0 rg BT 445.59 91.75 Td (price ) Tj ET Q q 0 0 0 rg BT 470.58 91.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.23 91.75 Td (the ) Tj ET Q q 0 0 0 rg BT 499.45 91.75 Td (Common ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 79.75 Td (Shares.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I55 Do Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (There ) Tj ET Q q 0 0 0 rg BT 102.67 712.75 Td (are ) Tj ET Q q 0 0 0 rg BT 121.12 712.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 172.89 712.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 238.57 712.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 281.46 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 293.78 712.75 Td (estimating ) Tj ET Q q 0 0 0 rg BT 347.22 712.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 397.89 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 410.76 712.75 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 470.34 712.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 485.45 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 506.66 712.75 Td (natural ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 92.01 700.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 138.72 700.75 Td (including ) Tj ET Q q 0 0 0 rg BT 185.94 700.75 Td (many ) Tj ET Q q 0 0 0 rg BT 214.84 700.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 250.96 700.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 289.29 700.75 Td (our ) Tj ET Q q 0 0 0 rg BT 308.18 700.75 Td (control) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.28 679.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 133.67 679.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 179.51 679.75 Td (included ) Tj ET Q q 0 0 0 rg BT 219.81 679.75 Td (in ) Tj ET Q q 0 0 0 rg BT 230.65 679.75 Td (this ) Tj ET Q q 0 0 0 rg BT 248.65 679.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 282.84 679.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 335.91 679.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 362.29 679.75 Td (are ) Tj ET Q q 0 0 0 rg BT 379.79 679.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 425.63 679.75 Td (only) Tj ET Q q 0 0 0 rg BT 443.23 679.75 Td (. ) Tj ET Q q 0 0 0 rg BT 448.86 679.75 Td (There ) Tj ET Q q 0 0 0 rg BT 478.03 679.75 Td (are ) Tj ET Q q 0 0 0 rg BT 495.53 679.75 Td (numerous ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 132.33 667.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 172.10 667.75 Td (in ) Tj ET Q q 0 0 0 rg BT 183.52 667.75 Td (estimating ) Tj ET Q q 0 0 0 rg BT 232.72 667.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 279.16 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 291.13 667.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 335.89 667.75 Td (including ) Tj ET Q q 0 0 0 rg BT 378.99 667.75 Td (many ) Tj ET Q q 0 0 0 rg BT 407.08 667.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 440.72 667.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 477.16 667.75 Td (our ) Tj ET Q q 0 0 0 rg BT 495.25 667.75 Td (control. ) Tj ET Q q 0 0 0 rg BT 531.67 667.75 Td (In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (general, ) Tj ET Q q 0 0 0 rg BT 111.55 655.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 157.75 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 169.50 655.75 Td (economically ) Tj ET Q q 0 0 0 rg BT 230.72 655.75 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 286.38 655.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 299.79 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.89 655.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 353.88 655.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 373.41 655.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 415.16 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 435.26 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 452.57 655.75 Td (future ) Tj ET Q q 0 0 0 rg BT 481.55 655.75 Td (net ) Tj ET Q q 0 0 0 rg BT 498.87 655.75 Td (revenues ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (therefrom ) Tj ET Q q 0 0 0 rg BT 117.26 643.75 Td (are ) Tj ET Q q 0 0 0 rg BT 134.18 643.75 Td (based ) Tj ET Q q 0 0 0 rg BT 163.90 643.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 188.61 643.75 Td (a ) Tj ET Q q 0 0 0 rg BT 196.64 643.75 Td (number ) Tj ET Q q 0 0 0 rg BT 233.01 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 243.82 643.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 276.30 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.45 643.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 354.06 643.75 Td (made ) Tj ET Q q 0 0 0 rg BT 381.54 643.75 Td (as ) Tj ET Q q 0 0 0 rg BT 394.57 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 405.38 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 421.74 643.75 Td (date ) Tj ET Q q 0 0 0 rg BT 443.67 643.75 Td (on ) Tj ET Q q 0 0 0 rg BT 457.27 643.75 Td (which ) Tj ET Q q 0 0 0 rg BT 485.30 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 501.67 643.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 116.41 631.75 Td (were ) Tj ET Q q 0 0 0 rg BT 139.70 631.75 Td (determined, ) Tj ET Q q 0 0 0 rg BT 194.13 631.75 Td (such ) Tj ET Q q 0 0 0 rg BT 216.87 631.75 Td (as ) Tj ET Q q 0 0 0 rg BT 229.05 631.75 Td (geological ) Tj ET Q q 0 0 0 rg BT 275.70 631.75 Td (and ) Tj ET Q q 0 0 0 rg BT 294.00 631.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 347.88 631.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 392.29 631.75 Td (which ) Tj ET Q q 0 0 0 rg BT 419.48 631.75 Td (have ) Tj ET Q q 0 0 0 rg BT 442.78 631.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 480.53 631.75 Td (uncertainties, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.05 619.75 Td (assumed ) Tj ET Q q 0 0 0 rg BT 130.78 619.75 Td (ef) Tj ET Q q 0 0 0 rg BT 138.93 619.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 162.20 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 172.69 619.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 218.76 619.75 Td (by ) Tj ET Q q 0 0 0 rg BT 231.47 619.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 294.21 619.75 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 339.17 619.75 Td (historical ) Tj ET Q q 0 0 0 rg BT 380.77 619.75 Td (production ) Tj ET Q q 0 0 0 rg BT 429.62 619.75 Td (from ) Tj ET Q q 0 0 0 rg BT 451.77 619.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.82 619.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 517.22 619.75 Td (initial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (production ) Tj ET Q q 0 0 0 rg BT 121.88 607.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 150.08 607.75 Td (production ) Tj ET Q q 0 0 0 rg BT 199.96 607.75 Td (decline ) Tj ET Q q 0 0 0 rg BT 234.84 607.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 263.03 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 280.12 607.75 Td (availability) Tj ET Q q 0 0 0 rg BT 325.51 607.75 Td (, ) Tj ET Q q 0 0 0 rg BT 331.47 607.75 Td (proximity ) Tj ET Q q 0 0 0 rg BT 374.66 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 394.53 607.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 434.40 607.75 Td (of ) Tj ET Q q 0 0 0 rg BT 445.93 607.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 459.12 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 478.99 607.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 498.29 607.75 Td (gathering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (systems, ) Tj ET Q q 0 0 0 rg BT 114.19 595.75 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 156.40 595.75 Td (and ) Tj ET Q q 0 0 0 rg BT 175.82 595.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 226.92 595.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 265.23 595.75 Td (and ) Tj ET Q q 0 0 0 rg BT 284.65 595.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 330.18 595.75 Td (of ) Tj ET Q q 0 0 0 rg BT 341.26 595.75 Td (future ) Tj ET Q q 0 0 0 rg BT 369.57 595.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 420.65 595.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 450.07 595.75 Td (and ) Tj ET Q q 0 0 0 rg BT 469.49 595.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 501.13 595.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 529.99 595.75 Td (all ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 583.75 Td (which ) Tj ET Q q 0 0 0 rg BT 111.46 583.75 Td (may ) Tj ET Q q 0 0 0 rg BT 133.13 583.75 Td (vary ) Tj ET Q q 0 0 0 rg BT 154.80 583.75 Td (considerably ) Tj ET Q q 0 0 0 rg BT 213.72 583.75 Td (from ) Tj ET Q q 0 0 0 rg BT 236.50 583.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 265.96 583.75 Td (results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (All ) Tj ET Q q 0 0 0 rg BT 85.37 562.75 Td (such ) Tj ET Q q 0 0 0 rg BT 108.75 562.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 153.80 562.75 Td (are, ) Tj ET Q q 0 0 0 rg BT 173.28 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 183.88 562.75 Td (some ) Tj ET Q q 0 0 0 rg BT 210.59 562.75 Td (degree, ) Tj ET Q q 0 0 0 rg BT 246.76 562.75 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 290.15 562.75 Td (and ) Tj ET Q q 0 0 0 rg BT 309.09 562.75 Td (classifications ) Tj ET Q q 0 0 0 rg BT 373.04 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 383.64 562.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 424.24 562.75 Td (are ) Tj ET Q q 0 0 0 rg BT 440.95 562.75 Td (only ) Tj ET Q q 0 0 0 rg BT 461.55 562.75 Td (attempts ) Tj ET Q q 0 0 0 rg BT 502.15 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 512.75 562.75 Td (define ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.23 550.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 123.70 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 135.38 550.75 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 187.62 550.75 Td (involved. ) Tj ET Q q 0 0 0 rg BT 230.42 550.75 Td (For ) Tj ET Q q 0 0 0 rg BT 248.75 550.75 Td (these ) Tj ET Q q 0 0 0 rg BT 276.55 550.75 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 318.24 550.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 364.36 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.03 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 393.27 550.75 Td (economically ) Tj ET Q q 0 0 0 rg BT 454.40 550.75 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 509.98 550.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 523.32 550.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 538.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 106.03 538.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 125.60 538.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 167.40 538.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 220.33 538.75 Td (to ) Tj ET Q q 0 0 0 rg BT 232.12 538.75 Td (any ) Tj ET Q q 0 0 0 rg BT 251.70 538.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 296.28 538.75 Td (group ) Tj ET Q q 0 0 0 rg BT 325.31 538.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.10 538.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 387.80 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.15 538.75 Td (classification ) Tj ET Q q 0 0 0 rg BT 465.30 538.75 Td (of ) Tj ET Q q 0 0 0 rg BT 477.09 538.75 Td (such ) Tj ET Q q 0 0 0 rg BT 501.67 538.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (based ) Tj ET Q q 0 0 0 rg BT 102.33 526.75 Td (on ) Tj ET Q q 0 0 0 rg BT 116.54 526.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 135.18 526.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.60 526.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 188.03 526.75 Td (and ) Tj ET Q q 0 0 0 rg BT 207.80 526.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 253.68 526.75 Td (of ) Tj ET Q q 0 0 0 rg BT 265.10 526.75 Td (future ) Tj ET Q q 0 0 0 rg BT 293.76 526.75 Td (net ) Tj ET Q q 0 0 0 rg BT 310.75 526.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 354.97 526.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 398.64 526.75 Td (therefrom, ) Tj ET Q q 0 0 0 rg BT 447.29 526.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 490.41 526.75 Td (by ) Tj ET Q q 0 0 0 rg BT 504.06 526.75 Td (dif) Tj ET Q q 0 0 0 rg BT 514.44 526.75 Td (ferent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 514.75 Td (engineers ) Tj ET Q q 0 0 0 rg BT 118.20 514.75 Td (or ) Tj ET Q q 0 0 0 rg BT 129.38 514.75 Td (by ) Tj ET Q q 0 0 0 rg BT 142.22 514.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.40 514.75 Td (same ) Tj ET Q q 0 0 0 rg BT 185.14 514.75 Td (engineers ) Tj ET Q q 0 0 0 rg BT 231.34 514.75 Td (at ) Tj ET Q q 0 0 0 rg BT 241.96 514.75 Td (dif) Tj ET Q q 0 0 0 rg BT 252.34 514.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 280.20 514.75 Td (times, ) Tj ET Q q 0 0 0 rg BT 309.15 514.75 Td (may ) Tj ET Q q 0 0 0 rg BT 330.32 514.75 Td (vary ) Tj ET Q q 0 0 0 rg BT 351.49 514.75 Td (substantially) Tj ET Q q 0 0 0 rg BT 405.78 514.75 Td (. ) Tj ET Q q 0 0 0 rg BT 410.84 514.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 429.79 514.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 470.42 514.75 Td (as ) Tj ET Q q 0 0 0 rg BT 483.26 514.75 Td (at ) Tj ET Q q 0 0 0 rg BT 493.88 514.75 Td (December ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 89.09 502.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 114.53 502.75 Td (are ) Tj ET Q q 0 0 0 rg BT 132.17 502.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 178.71 502.75 Td (using ) Tj ET Q q 0 0 0 rg BT 205.81 502.75 Td (forecast ) Tj ET Q q 0 0 0 rg BT 244.57 502.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 274.43 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 294.31 502.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 320.84 502.75 Td (as ) Tj ET Q q 0 0 0 rg BT 334.59 502.75 Td (set ) Tj ET Q q 0 0 0 rg BT 351.12 502.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 374.32 502.75 Td (under ) Tj ET Q q 0 0 0 rg BT 403.08 502.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 406.63 502.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 455.40 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 466.93 502.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 512.36 502.75 Td (Data ) Tj ET Q q 0 0 0 rg BT 536.67 502.75 Td (- ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 105.24 490.75 Td (Assumptions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 162.48 490.75 Td (".) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 168.81 490.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 171.90 490.75 Td (If ) Tj ET Q q 0 0 0 rg BT 180.54 490.75 Td (we ) Tj ET Q q 0 0 0 rg BT 196.40 490.75 Td (realize ) Tj ET Q q 0 0 0 rg BT 228.94 490.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 255.92 490.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 285.68 490.75 Td (for ) Tj ET Q q 0 0 0 rg BT 300.44 490.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 328.53 490.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 344.40 490.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 378.06 490.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 397.27 490.75 Td (liquids ) Tj ET Q q 0 0 0 rg BT 428.70 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 448.47 490.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 482.13 490.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 501.33 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 521.10 490.75 Td (they ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 478.75 Td (are ) Tj ET Q q 0 0 0 rg BT 90.71 478.75 Td (substituted ) Tj ET Q q 0 0 0 rg BT 143.33 478.75 Td (for ) Tj ET Q q 0 0 0 rg BT 159.26 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 177.42 478.75 Td (price ) Tj ET Q q 0 0 0 rg BT 203.36 478.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 263.75 478.75 Td (utilized ) Tj ET Q q 0 0 0 rg BT 299.14 478.75 Td (in ) Tj ET Q q 0 0 0 rg BT 311.18 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 329.34 478.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 364.17 478.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 410.67 478.75 Td (Report, ) Tj ET Q q 0 0 0 rg BT 447.72 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.88 478.75 Td (present ) Tj ET Q q 0 0 0 rg BT 503.49 478.75 Td (value ) Tj ET Q q 0 0 0 rg BT 531.66 478.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 466.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 118.86 466.75 Td (future ) Tj ET Q q 0 0 0 rg BT 147.93 466.75 Td (net ) Tj ET Q q 0 0 0 rg BT 165.34 466.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 209.98 466.75 Td (for ) Tj ET Q q 0 0 0 rg BT 225.15 466.75 Td (our ) Tj ET Q q 0 0 0 rg BT 243.11 466.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 284.96 466.75 Td (and ) Tj ET Q q 0 0 0 rg BT 305.15 466.75 Td (net ) Tj ET Q q 0 0 0 rg BT 322.55 466.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 349.96 466.75 Td (value ) Tj ET Q q 0 0 0 rg BT 377.37 466.75 Td (would ) Tj ET Q q 0 0 0 rg BT 407.00 466.75 Td (be ) Tj ET Q q 0 0 0 rg BT 421.63 466.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 461.27 466.75 Td (and ) Tj ET Q q 0 0 0 rg BT 481.46 466.75 Td (the ) Tj ET Q q 0 0 0 rg BT 498.86 466.75 Td (reduction ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (could ) Tj ET Q q 0 0 0 rg BT 98.45 454.75 Td (be ) Tj ET Q q 0 0 0 rg BT 112.11 454.75 Td (significant. ) Tj ET Q q 0 0 0 rg BT 161.90 454.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 181.11 454.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 210.33 454.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 262.35 454.75 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 308.81 454.75 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 351.37 454.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 377.81 454.75 Td (and ) Tj ET Q q 0 0 0 rg BT 397.03 454.75 Td (development, ) Tj ET Q q 0 0 0 rg BT 459.61 454.75 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 523.32 454.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.03 442.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 175.63 442.75 Td (with ) Tj ET Q q 0 0 0 rg BT 195.75 442.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 230.87 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 241.55 442.75 Td (our ) Tj ET Q q 0 0 0 rg BT 258.34 442.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 299.02 442.75 Td (will ) Tj ET Q q 0 0 0 rg BT 315.24 442.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 339.80 442.75 Td (vary ) Tj ET Q q 0 0 0 rg BT 361.02 442.75 Td (from ) Tj ET Q q 0 0 0 rg BT 383.36 442.75 Td (such ) Tj ET Q q 0 0 0 rg BT 406.82 442.75 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 454.72 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 473.74 442.75 Td (such ) Tj ET Q q 0 0 0 rg BT 497.20 442.75 Td (variances ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (could ) Tj ET Q q 0 0 0 rg BT 98.68 430.75 Td (be ) Tj ET Q q 0 0 0 rg BT 112.59 430.75 Td (material.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 118.85 409.75 Td (of ) Tj ET Q q 0 0 0 rg BT 130.14 409.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 171.43 409.75 Td (that ) Tj ET Q q 0 0 0 rg BT 191.06 409.75 Td (may ) Tj ET Q q 0 0 0 rg BT 212.90 409.75 Td (be ) Tj ET Q q 0 0 0 rg BT 226.98 409.75 Td (developed ) Tj ET Q q 0 0 0 rg BT 276.08 409.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.71 409.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 340.36 409.75 Td (in ) Tj ET Q q 0 0 0 rg BT 351.09 409.75 Td (the ) Tj ET Q q 0 0 0 rg BT 367.94 409.75 Td (future ) Tj ET Q q 0 0 0 rg BT 396.46 409.75 Td (are ) Tj ET Q q 0 0 0 rg BT 413.87 409.75 Td (often ) Tj ET Q q 0 0 0 rg BT 439.06 409.75 Td (based ) Tj ET Q q 0 0 0 rg BT 469.25 409.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 494.45 409.75 Td (volumetric ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 397.75 Td (calculations ) Tj ET Q q 0 0 0 rg BT 128.43 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.29 397.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 175.72 397.75 Td (analogy ) Tj ET Q q 0 0 0 rg BT 214.92 397.75 Td (to ) Tj ET Q q 0 0 0 rg BT 227.44 397.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 260.51 397.75 Td (types ) Tj ET Q q 0 0 0 rg BT 288.59 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.10 397.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 346.41 397.75 Td (rather ) Tj ET Q q 0 0 0 rg BT 376.71 397.75 Td (than ) Tj ET Q q 0 0 0 rg BT 400.35 397.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 426.77 397.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 457.64 397.75 Td (production ) Tj ET Q q 0 0 0 rg BT 508.51 397.75 Td (history) Tj ET Q q 0 0 0 rg BT 537.22 397.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 385.75 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 128.56 385.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 177.33 385.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.86 385.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.94 385.75 Td (same ) Tj ET Q q 0 0 0 rg BT 233.58 385.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 275.10 385.75 Td (based ) Tj ET Q q 0 0 0 rg BT 305.53 385.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 330.96 385.75 Td (production ) Tj ET Q q 0 0 0 rg BT 380.84 385.75 Td (history ) Tj ET Q q 0 0 0 rg BT 413.48 385.75 Td (will ) Tj ET Q q 0 0 0 rg BT 430.55 385.75 Td (result ) Tj ET Q q 0 0 0 rg BT 458.18 385.75 Td (in ) Tj ET Q q 0 0 0 rg BT 469.15 385.75 Td (variations ) Tj ET Q q 0 0 0 rg BT 515.13 385.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.10 385.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 373.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 119.80 373.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 165.93 373.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 207.05 373.75 Td (and ) Tj ET Q q 0 0 0 rg BT 226.52 373.75 Td (such ) Tj ET Q q 0 0 0 rg BT 250.42 373.75 Td (variances ) Tj ET Q q 0 0 0 rg BT 295.99 373.75 Td (could ) Tj ET Q q 0 0 0 rg BT 322.68 373.75 Td (be ) Tj ET Q q 0 0 0 rg BT 336.58 373.75 Td (material.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td (Acquiring, ) Tj ET Q q 0 0 0 rg BT 125.00 352.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 181.34 352.75 Td (and ) Tj ET Q q 0 0 0 rg BT 202.67 352.75 Td (exploring ) Tj ET Q q 0 0 0 rg BT 251.23 352.75 Td (for ) Tj ET Q q 0 0 0 rg BT 268.12 352.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 283.34 352.75 Td (and ) Tj ET Q q 0 0 0 rg BT 304.67 352.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 341.57 352.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 362.36 352.75 Td (involves ) Tj ET Q q 0 0 0 rg BT 405.93 352.75 Td (many ) Tj ET Q q 0 0 0 rg BT 435.61 352.75 Td (hazards. ) Tj ET Q q 0 0 0 rg BT 479.74 352.75 Td (W) Tj ET Q q 0 0 0 rg BT 488.99 352.75 Td (e ) Tj ET Q q 0 0 0 rg BT 498.11 352.75 Td (have ) Tj ET Q q 0 0 0 rg BT 524.46 352.75 Td (not ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (insured ) Tj ET Q q 0 0 0 rg BT 110.90 340.75 Td (and ) Tj ET Q q 0 0 0 rg BT 131.45 340.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 167.01 340.75 Td (fully ) Tj ET Q q 0 0 0 rg BT 190.34 340.75 Td (insure ) Tj ET Q q 0 0 0 rg BT 223.13 340.75 Td (against ) Tj ET Q q 0 0 0 rg BT 260.92 340.75 Td (all ) Tj ET Q q 0 0 0 rg BT 274.82 340.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 300.95 340.75 Td (related ) Tj ET Q q 0 0 0 rg BT 336.52 340.75 Td (to ) Tj ET Q q 0 0 0 rg BT 348.74 340.75 Td (our ) Tj ET Q q 0 0 0 rg BT 367.63 340.75 Td (operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.42 319.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 119.18 319.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.94 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 151.37 319.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 184.69 319.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 203.56 319.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 253.01 319.75 Td (are ) Tj ET Q q 0 0 0 rg BT 270.21 319.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 304.65 319.75 Td (to ) Tj ET Q q 0 0 0 rg BT 315.74 319.75 Td (all ) Tj ET Q q 0 0 0 rg BT 328.49 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 339.58 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.23 319.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 379.53 319.75 Td (normally ) Tj ET Q q 0 0 0 rg BT 420.06 319.75 Td (incidental ) Tj ET Q q 0 0 0 rg BT 465.06 319.75 Td (to ) Tj ET Q q 0 0 0 rg BT 476.15 319.75 Td (the: ) Tj ET Q q 0 0 0 rg BT 495.58 319.75 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 507.21 319.75 Td (storing, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (transporting, ) Tj ET Q q 0 0 0 rg BT 131.35 307.75 Td (processing, ) Tj ET Q q 0 0 0 rg BT 186.26 307.75 Td (refining ) Tj ET Q q 0 0 0 rg BT 222.83 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 243.28 307.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 290.96 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.06 307.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 331.85 307.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 348.40 307.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.74 307.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 402.63 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 423.09 307.75 Td (other ) Tj ET Q q 0 0 0 rg BT 449.65 307.75 Td (related ) Tj ET Q q 0 0 0 rg BT 483.99 307.75 Td (products; ) Tj ET Q q 0 0 0 rg BT 528.90 307.75 Td (\(ii\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 104.04 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.86 295.75 Td (completion ) Tj ET Q q 0 0 0 rg BT 175.35 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 186.83 295.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 214.98 295.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 228.12 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.94 295.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 281.65 295.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 300.91 295.75 Td (wells; ) Tj ET Q q 0 0 0 rg BT 329.05 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 348.87 295.75 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 365.33 295.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 410.16 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 429.98 295.75 Td (development ) Tj ET Q q 0 0 0 rg BT 490.38 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 501.85 295.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 530.00 295.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.42 283.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 124.73 283.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.58 283.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 193.56 283.75 Td (including, ) Tj ET Q q 0 0 0 rg BT 238.54 283.75 Td (but ) Tj ET Q q 0 0 0 rg BT 255.18 283.75 Td (not ) Tj ET Q q 0 0 0 rg BT 271.81 283.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 303.44 283.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 317.29 283.75 Td (encountering ) Tj ET Q q 0 0 0 rg BT 377.84 283.75 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 432.29 283.75 Td (formations ) Tj ET Q q 0 0 0 rg BT 481.70 283.75 Td (or ) Tj ET Q q 0 0 0 rg BT 493.33 283.75 Td (pressures; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (premature ) Tj ET Q q 0 0 0 rg BT 119.89 271.75 Td (declines ) Tj ET Q q 0 0 0 rg BT 158.90 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 169.55 271.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 210.77 271.75 Td (pressure ) Tj ET Q q 0 0 0 rg BT 251.99 271.75 Td (or ) Tj ET Q q 0 0 0 rg BT 263.20 271.75 Td (productivity; ) Tj ET Q q 0 0 0 rg BT 318.87 271.75 Td (blowouts; ) Tj ET Q q 0 0 0 rg BT 363.43 271.75 Td (fires; ) Tj ET Q q 0 0 0 rg BT 387.41 271.75 Td (explosions; ) Tj ET Q q 0 0 0 rg BT 439.76 271.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 488.77 271.75 Td (failures ) Tj ET Q q 0 0 0 rg BT 523.33 271.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 259.75 Td (other ) Tj ET Q q 0 0 0 rg BT 97.42 259.75 Td (accidents; ) Tj ET Q q 0 0 0 rg BT 145.07 259.75 Td (gaseous ) Tj ET Q q 0 0 0 rg BT 185.51 259.75 Td (leaks; ) Tj ET Q q 0 0 0 rg BT 214.26 259.75 Td (uncontrollable ) Tj ET Q q 0 0 0 rg BT 279.15 259.75 Td (or ) Tj ET Q q 0 0 0 rg BT 290.67 259.75 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 351.12 259.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 376.53 259.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.50 259.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 415.14 259.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 430.56 259.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 463.76 259.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 482.51 259.75 Td (or ) Tj ET Q q 0 0 0 rg BT 494.03 259.75 Td (well ) Tj ET Q q 0 0 0 rg BT 513.88 259.75 Td (fluids; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td (migration ) Tj ET Q q 0 0 0 rg BT 114.84 247.75 Td (of ) Tj ET Q q 0 0 0 rg BT 124.89 247.75 Td (harmful ) Tj ET Q q 0 0 0 rg BT 159.94 247.75 Td (substances; ) Tj ET Q q 0 0 0 rg BT 215.01 247.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.73 247.75 Td (spills; ) Tj ET Q q 0 0 0 rg BT 253.44 247.75 Td (corrosion; ) Tj ET Q q 0 0 0 rg BT 299.06 247.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 336.34 247.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 373.63 247.75 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 423.15 247.75 Td (pollution; ) Tj ET Q q 0 0 0 rg BT 464.89 247.75 Td (acts ) Tj ET Q q 0 0 0 rg BT 484.94 247.75 Td (of ) Tj ET Q q 0 0 0 rg BT 494.98 247.75 Td (vandalism ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 235.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 235.75 Td (terrorism; ) Tj ET Q q 0 0 0 rg BT 136.46 235.75 Td (and ) Tj ET Q q 0 0 0 rg BT 155.93 235.75 Td (other ) Tj ET Q q 0 0 0 rg BT 181.50 235.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 219.85 235.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 243.18 235.75 Td (to ) Tj ET Q q 0 0 0 rg BT 254.30 235.75 Td (the ) Tj ET Q q 0 0 0 rg BT 270.98 235.75 Td (environment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 114.81 214.75 Td (we ) Tj ET Q q 0 0 0 rg BT 130.93 214.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 172.06 214.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 218.75 214.75 Td (in ) Tj ET Q q 0 0 0 rg BT 229.87 214.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 284.90 214.75 Td (with ) Tj ET Q q 0 0 0 rg BT 306.01 214.75 Td (customary ) Tj ET Q q 0 0 0 rg BT 355.47 214.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 393.82 214.75 Td (practice, ) Tj ET Q q 0 0 0 rg BT 434.94 214.75 Td (we ) Tj ET Q q 0 0 0 rg BT 451.06 214.75 Td (are ) Tj ET Q q 0 0 0 rg BT 468.85 214.75 Td (not ) Tj ET Q q 0 0 0 rg BT 486.08 214.75 Td (fully ) Tj ET Q q 0 0 0 rg BT 507.20 214.75 Td (insured ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 202.75 Td (against ) Tj ET Q q 0 0 0 rg BT 107.29 202.75 Td (all ) Tj ET Q q 0 0 0 rg BT 120.34 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 131.72 202.75 Td (these ) Tj ET Q q 0 0 0 rg BT 159.23 202.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 182.82 202.75 Td (nor ) Tj ET Q q 0 0 0 rg BT 200.32 202.75 Td (are ) Tj ET Q q 0 0 0 rg BT 217.81 202.75 Td (all ) Tj ET Q q 0 0 0 rg BT 230.86 202.75 Td (such ) Tj ET Q q 0 0 0 rg BT 255.03 202.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 278.62 202.75 Td (insurable ) Tj ET Q q 0 0 0 rg BT 322.25 202.75 Td (and ) Tj ET Q q 0 0 0 rg BT 341.97 202.75 Td (in ) Tj ET Q q 0 0 0 rg BT 352.80 202.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 385.86 202.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 452.81 202.75 Td (we ) Tj ET Q q 0 0 0 rg BT 468.63 202.75 Td (may ) Tj ET Q q 0 0 0 rg BT 490.57 202.75 Td (elect ) Tj ET Q q 0 0 0 rg BT 514.73 202.75 Td (not ) Tj ET Q q 0 0 0 rg BT 531.68 202.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 190.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 101.30 190.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 146.72 190.75 Td (to ) Tj ET Q q 0 0 0 rg BT 157.12 190.75 Td (deal ) Tj ET Q q 0 0 0 rg BT 178.08 190.75 Td (with ) Tj ET Q q 0 0 0 rg BT 197.93 190.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 233.33 190.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 255.94 190.75 Td (due ) Tj ET Q q 0 0 0 rg BT 274.68 190.75 Td (to ) Tj ET Q q 0 0 0 rg BT 285.08 190.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.04 190.75 Td (high ) Tj ET Q q 0 0 0 rg BT 322.00 190.75 Td (premiums ) Tj ET Q q 0 0 0 rg BT 367.96 190.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 417.82 190.75 Td (with ) Tj ET Q q 0 0 0 rg BT 437.66 190.75 Td (such ) Tj ET Q q 0 0 0 rg BT 460.85 190.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 506.26 190.75 Td (or ) Tj ET Q q 0 0 0 rg BT 517.21 190.75 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 178.75 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 112.58 178.75 Td (In ) Tj ET Q q 0 0 0 rg BT 123.14 178.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 163.17 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.29 178.75 Td (nature ) Tj ET Q q 0 0 0 rg BT 209.87 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 220.43 178.75 Td (these ) Tj ET Q q 0 0 0 rg BT 247.12 178.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 269.89 178.75 Td (is ) Tj ET Q q 0 0 0 rg BT 279.33 178.75 Td (such ) Tj ET Q q 0 0 0 rg BT 302.68 178.75 Td (that ) Tj ET Q q 0 0 0 rg BT 321.58 178.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 361.60 178.75 Td (could ) Tj ET Q q 0 0 0 rg BT 387.72 178.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 422.19 178.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 449.98 178.75 Td (limits, ) Tj ET Q q 0 0 0 rg BT 477.75 178.75 Td (in ) Tj ET Q q 0 0 0 rg BT 487.76 178.75 Td (which ) Tj ET Q q 0 0 0 rg BT 515.55 178.75 Td (event ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 166.75 Td (we ) Tj ET Q q 0 0 0 rg BT 86.74 166.75 Td (could ) Tj ET Q q 0 0 0 rg BT 112.60 166.75 Td (incur ) Tj ET Q q 0 0 0 rg BT 136.23 166.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 182.65 166.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.94 166.75 Td (that ) Tj ET Q q 0 0 0 rg BT 226.57 166.75 Td (could ) Tj ET Q q 0 0 0 rg BT 252.43 166.75 Td (have ) Tj ET Q q 0 0 0 rg BT 276.07 166.75 Td (a ) Tj ET Q q 0 0 0 rg BT 283.59 166.75 Td (material ) Tj ET Q q 0 0 0 rg BT 321.11 166.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 358.64 166.75 Td (ef) Tj ET Q q 0 0 0 rg BT 366.80 166.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 384.87 166.75 Td (on ) Tj ET Q q 0 0 0 rg BT 397.94 166.75 Td (our ) Tj ET Q q 0 0 0 rg BT 414.35 166.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 458.55 166.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 497.19 166.75 Td (condition, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 154.75 Td (results ) Tj ET Q q 0 0 0 rg BT 104.23 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 115.35 154.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 164.83 154.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.29 154.75 Td (prospects.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I56 Do Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (39) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 712.75 Td (e are subject to risk of default by the counterparties to our contracts and our counterparties ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (may deem us to be a default risk) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 679.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.93 679.75 Td (are ) Tj ET Q q 0 0 0 rg BT 107.49 679.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 142.29 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 153.73 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 170.75 679.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 189.41 679.75 Td (that ) Tj ET Q q 0 0 0 rg BT 209.20 679.75 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 275.67 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.12 679.75 Td (our ) Tj ET Q q 0 0 0 rg BT 304.69 679.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 323.35 679.75 Td (management ) Tj ET Q q 0 0 0 rg BT 384.83 679.75 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 431.28 679.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 478.30 679.75 Td (arrangements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 92.25 667.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 137.52 667.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 193.90 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 214.15 667.75 Td (other ) Tj ET Q q 0 0 0 rg BT 240.51 667.75 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 284.10 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 296.00 667.75 Td (products ) Tj ET Q q 0 0 0 rg BT 337.93 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 358.18 667.75 Td (services ) Tj ET Q q 0 0 0 rg BT 398.42 667.75 Td (may ) Tj ET Q q 0 0 0 rg BT 420.88 667.75 Td (default ) Tj ET Q q 0 0 0 rg BT 454.47 667.75 Td (on ) Tj ET Q q 0 0 0 rg BT 469.16 667.75 Td (their ) Tj ET Q q 0 0 0 rg BT 492.18 667.75 Td (obligations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (under ) Tj ET Q q 0 0 0 rg BT 101.99 655.75 Td (such ) Tj ET Q q 0 0 0 rg BT 127.53 655.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 184.75 655.75 Td (or ) Tj ET Q q 0 0 0 rg BT 198.06 655.75 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 266.96 655.75 Td (including ) Tj ET Q q 0 0 0 rg BT 310.84 655.75 Td (as ) Tj ET Q q 0 0 0 rg BT 325.82 655.75 Td (a ) Tj ET Q q 0 0 0 rg BT 335.80 655.75 Td (result ) Tj ET Q q 0 0 0 rg BT 364.67 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 377.42 655.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 415.19 655.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 477.97 655.75 Td (or ) Tj ET Q q 0 0 0 rg BT 491.27 655.75 Td (insolvency) Tj ET Q q 0 0 0 rg BT 537.22 655.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 132.94 643.75 Td (low ) Tj ET Q q 0 0 0 rg BT 151.09 643.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 164.25 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.08 643.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.80 643.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 237.07 643.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 266.89 643.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 307.84 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 324.89 643.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 343.59 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 355.07 643.75 Td (bad ) Tj ET Q q 0 0 0 rg BT 374.91 643.75 Td (debts ) Tj ET Q q 0 0 0 rg BT 402.52 643.75 Td (related ) Tj ET Q q 0 0 0 rg BT 436.24 643.75 Td (to ) Tj ET Q q 0 0 0 rg BT 447.73 643.75 Td (our ) Tj ET Q q 0 0 0 rg BT 465.33 643.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 486.82 643.75 Td (venture ) Tj ET Q q 0 0 0 rg BT 523.32 643.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 110.05 631.75 Td (partners. ) Tj ET Q q 0 0 0 rg BT 151.95 631.75 Td (A) Tj ET Q q 0 0 0 rg BT 158.07 631.75 Td ( ) Tj ET Q q 0 0 0 rg BT 161.11 631.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 191.39 631.75 Td (by ) Tj ET Q q 0 0 0 rg BT 204.99 631.75 Td (such ) Tj ET Q q 0 0 0 rg BT 229.15 631.75 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 295.56 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 306.94 631.75 Td (make ) Tj ET Q q 0 0 0 rg BT 334.44 631.75 Td (payments ) Tj ET Q q 0 0 0 rg BT 380.83 631.75 Td (or ) Tj ET Q q 0 0 0 rg BT 392.76 631.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 430.25 631.75 Td (their ) Tj ET Q q 0 0 0 rg BT 452.75 631.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 505.27 631.75 Td (or ) Tj ET Q q 0 0 0 rg BT 517.20 631.75 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 121.50 619.75 Td (to ) Tj ET Q q 0 0 0 rg BT 131.53 619.75 Td (us ) Tj ET Q q 0 0 0 rg BT 143.78 619.75 Td (may ) Tj ET Q q 0 0 0 rg BT 164.36 619.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 208.85 619.75 Td (af) Tj ET Q q 0 0 0 rg BT 217.01 619.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 234.81 619.75 Td (our ) Tj ET Q q 0 0 0 rg BT 250.96 619.75 Td (results ) Tj ET Q q 0 0 0 rg BT 282.10 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 292.13 619.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 343.29 619.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 366.11 619.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 390.58 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 408.95 619.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 447.33 619.75 Td (position. ) Tj ET Q q 0 0 0 rg BT 486.27 619.75 Td ( ) Tj ET Q q 0 0 0 rg BT 487.95 619.75 Td (Conversely) Tj ET Q q 0 0 0 rg BT 537.23 619.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (our ) Tj ET Q q 0 0 0 rg BT 87.89 607.75 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 152.70 607.75 Td (may ) Tj ET Q q 0 0 0 rg BT 173.04 607.75 Td (deem ) Tj ET Q q 0 0 0 rg BT 199.49 607.75 Td (us ) Tj ET Q q 0 0 0 rg BT 211.49 607.75 Td (to ) Tj ET Q q 0 0 0 rg BT 221.28 607.75 Td (be ) Tj ET Q q 0 0 0 rg BT 233.84 607.75 Td (at ) Tj ET Q q 0 0 0 rg BT 243.62 607.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 260.61 607.75 Td (of ) Tj ET Q q 0 0 0 rg BT 270.39 607.75 Td (defaulting ) Tj ET Q q 0 0 0 rg BT 315.20 607.75 Td (on ) Tj ET Q q 0 0 0 rg BT 327.77 607.75 Td (our ) Tj ET Q q 0 0 0 rg BT 343.66 607.75 Td (contractual ) Tj ET Q q 0 0 0 rg BT 394.02 607.75 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 446.05 607.75 Td ( ) Tj ET Q q 0 0 0 rg BT 447.40 607.75 Td (These ) Tj ET Q q 0 0 0 rg BT 476.63 607.75 Td (counterparties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (may ) Tj ET Q q 0 0 0 rg BT 94.78 595.75 Td (require ) Tj ET Q q 0 0 0 rg BT 129.79 595.75 Td (that ) Tj ET Q q 0 0 0 rg BT 150.36 595.75 Td (we ) Tj ET Q q 0 0 0 rg BT 167.03 595.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 203.71 595.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 250.41 595.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 278.75 595.75 Td (assurances ) Tj ET Q q 0 0 0 rg BT 333.78 595.75 Td (by ) Tj ET Q q 0 0 0 rg BT 348.23 595.75 Td (prepaying ) Tj ET Q q 0 0 0 rg BT 396.03 595.75 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 448.29 595.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 494.98 595.75 Td (or ) Tj ET Q q 0 0 0 rg BT 507.76 595.75 Td (posting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (letters ) Tj ET Q q 0 0 0 rg BT 102.01 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.13 583.75 Td (credit, ) Tj ET Q q 0 0 0 rg BT 143.14 583.75 Td (which ) Tj ET Q q 0 0 0 rg BT 171.48 583.75 Td (would ) Tj ET Q q 0 0 0 rg BT 200.39 583.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 244.30 583.75 Td (our ) Tj ET Q q 0 0 0 rg BT 261.54 583.75 Td (available ) Tj ET Q q 0 0 0 rg BT 303.79 583.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 339.92 583.75 Td (and ) Tj ET Q q 0 0 0 rg BT 359.38 583.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 399.95 583.75 Td (our ) Tj ET Q q 0 0 0 rg BT 417.19 583.75 Td (costs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 562.75 Td (e ) Tj ET Q q 0 0 0 rg BT 90.11 562.75 Td (are ) Tj ET Q q 0 0 0 rg BT 108.42 562.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 146.72 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 159.45 562.75 Td (a ) Tj ET Q q 0 0 0 rg BT 168.30 562.75 Td (number ) Tj ET Q q 0 0 0 rg BT 208.26 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 220.99 562.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 271.50 562.75 Td (business ) Tj ET Q q 0 0 0 rg BT 318.14 562.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 344.79 562.75 Td (which ) Tj ET Q q 0 0 0 rg BT 376.41 562.75 Td (could ) Tj ET Q q 0 0 0 rg BT 406.37 562.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 455.81 562.75 Td (af) Tj ET Q q 0 0 0 rg BT 464.52 562.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 485.59 562.75 Td (our ) Tj ET Q q 0 0 0 rg BT 504.99 562.75 Td (income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 92.56 550.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.90 550.75 Td (condition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.82 529.75 Td (business ) Tj ET Q q 0 0 0 rg BT 132.43 529.75 Td (involves ) Tj ET Q q 0 0 0 rg BT 170.70 529.75 Td (many ) Tj ET Q q 0 0 0 rg BT 197.30 529.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 241.15 529.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 263.85 529.75 Td (related ) Tj ET Q q 0 0 0 rg BT 296.57 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 307.05 529.75 Td (acquiring, ) Tj ET Q q 0 0 0 rg BT 352.56 529.75 Td (developing ) Tj ET Q q 0 0 0 rg BT 403.08 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 421.91 529.75 Td (exploring ) Tj ET Q q 0 0 0 rg BT 464.64 529.75 Td (for ) Tj ET Q q 0 0 0 rg BT 478.45 529.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 490.60 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.43 529.75 Td (natural ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 89.82 517.75 Td (which ) Tj ET Q q 0 0 0 rg BT 117.08 517.75 Td (even ) Tj ET Q q 0 0 0 rg BT 140.47 517.75 Td (a ) Tj ET Q q 0 0 0 rg BT 147.72 517.75 Td (combination ) Tj ET Q q 0 0 0 rg BT 203.34 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 213.38 517.75 Td (experience, ) Tj ET Q q 0 0 0 rg BT 266.78 517.75 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 316.29 517.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.67 517.75 Td (careful ) Tj ET Q q 0 0 0 rg BT 366.38 517.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 413.67 517.75 Td (may ) Tj ET Q q 0 0 0 rg BT 434.26 517.75 Td (not ) Tj ET Q q 0 0 0 rg BT 449.86 517.75 Td (be ) Tj ET Q q 0 0 0 rg BT 462.68 517.75 Td (able ) Tj ET Q q 0 0 0 rg BT 483.28 517.75 Td (to ) Tj ET Q q 0 0 0 rg BT 493.32 517.75 Td (overcome. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.05 505.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 148.92 505.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 174.85 505.75 Td (include, ) Tj ET Q q 0 0 0 rg BT 214.70 505.75 Td (but ) Tj ET Q q 0 0 0 rg BT 233.99 505.75 Td (are ) Tj ET Q q 0 0 0 rg BT 253.82 505.75 Td (not ) Tj ET Q q 0 0 0 rg BT 273.11 505.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 307.39 505.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 323.89 505.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 378.75 505.75 Td (and ) Tj ET Q q 0 0 0 rg BT 400.82 505.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 432.88 505.75 Td (considerations; ) Tj ET Q q 0 0 0 rg BT 505.53 505.75 Td (pipeline ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 135.31 493.75 Td (and ) Tj ET Q q 0 0 0 rg BT 154.16 493.75 Td (interruptions; ) Tj ET Q q 0 0 0 rg BT 214.13 493.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 255.20 493.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 313.50 493.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.35 493.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 373.98 493.75 Td (challenges; ) Tj ET Q q 0 0 0 rg BT 426.74 493.75 Td (partner ) Tj ET Q q 0 0 0 rg BT 460.59 493.75 Td (risks; ) Tj ET Q q 0 0 0 rg BT 486.08 493.75 Td (competition; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (land ) Tj ET Q q 0 0 0 rg BT 93.82 481.75 Td (claims; ) Tj ET Q q 0 0 0 rg BT 127.85 481.75 Td (our ) Tj ET Q q 0 0 0 rg BT 145.22 481.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 173.70 481.75 Td (to ) Tj ET Q q 0 0 0 rg BT 184.96 481.75 Td (hire ) Tj ET Q q 0 0 0 rg BT 204.55 481.75 Td (and ) Tj ET Q q 0 0 0 rg BT 224.15 481.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 252.08 481.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 300.57 481.75 Td (skilled ) Tj ET Q q 0 0 0 rg BT 331.27 481.75 Td (personnel; ) Tj ET Q q 0 0 0 rg BT 380.89 481.75 Td (the ) Tj ET Q q 0 0 0 rg BT 397.70 481.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 446.75 481.75 Td (of ) Tj ET Q q 0 0 0 rg BT 458.01 481.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 489.82 481.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.42 481.75 Td (related ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (equipment; ) Tj ET Q q 0 0 0 rg BT 124.64 469.75 Td (our ) Tj ET Q q 0 0 0 rg BT 142.25 469.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 170.98 469.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.49 469.75 Td (access ) Tj ET Q q 0 0 0 rg BT 216.77 469.75 Td (new ) Tj ET Q q 0 0 0 rg BT 238.28 469.75 Td (technology; ) Tj ET Q q 0 0 0 rg BT 292.59 469.75 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 345.78 469.75 Td (and ) Tj ET Q q 0 0 0 rg BT 365.63 469.75 Td (access ) Tj ET Q q 0 0 0 rg BT 399.91 469.75 Td (restrictions; ) Tj ET Q q 0 0 0 rg BT 454.20 469.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 484.03 469.75 Td (and ) Tj ET Q q 0 0 0 rg BT 503.88 469.75 Td (success ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.75 457.75 Td (integrating ) Tj ET Q q 0 0 0 rg BT 133.87 457.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.18 457.75 Td (business ) Tj ET Q q 0 0 0 rg BT 194.07 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 214.17 457.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 264.28 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.03 457.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 317.81 457.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 350.12 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 370.22 457.75 Td (companies; ) Tj ET Q q 0 0 0 rg BT 424.77 457.75 Td (phased ) Tj ET Q q 0 0 0 rg BT 461.00 457.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 494.43 457.75 Td (execution; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 92.20 445.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.18 445.75 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 149.29 445.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 198.40 445.75 Td (issues, ) Tj ET Q q 0 0 0 rg BT 234.17 445.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 281.61 445.75 Td (in ) Tj ET Q q 0 0 0 rg BT 294.04 445.75 Td (government ) Tj ET Q q 0 0 0 rg BT 351.49 445.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 380.04 445.75 Td (and ) Tj ET Q q 0 0 0 rg BT 401.37 445.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 443.82 445.75 Td (to ) Tj ET Q q 0 0 0 rg BT 456.80 445.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 490.90 445.75 Td (or ) Tj ET Q q 0 0 0 rg BT 504.43 445.75 Td (mineral/) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td (severance ) Tj ET Q q 0 0 0 rg BT 119.77 433.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.74 433.75 Td (regimes; ) Tj ET Q q 0 0 0 rg BT 174.71 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 193.02 433.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 210.21 433.75 Td (to ) Tj ET Q q 0 0 0 rg BT 220.17 433.75 Td (our ) Tj ET Q q 0 0 0 rg BT 236.26 433.75 Td (reputation ) Tj ET Q q 0 0 0 rg BT 282.36 433.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 321.79 433.75 Td (from ) Tj ET Q q 0 0 0 rg BT 343.42 433.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 394.53 433.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 434.51 433.75 Td (that ) Tj ET Q q 0 0 0 rg BT 452.82 433.75 Td (may ) Tj ET Q q 0 0 0 rg BT 473.34 433.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 501.65 433.75 Td (personal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 421.75 Td (injury) Tj ET Q q 0 0 0 rg BT 95.15 421.75 Td (, ) Tj ET Q q 0 0 0 rg BT 100.71 421.75 Td (property ) Tj ET Q q 0 0 0 rg BT 140.17 421.75 Td (damage ) Tj ET Q q 0 0 0 rg BT 179.09 421.75 Td (or ) Tj ET Q q 0 0 0 rg BT 190.76 421.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 256.35 421.75 Td (damage.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 400.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.82 400.75 Td (may ) Tj ET Q q 0 0 0 rg BT 112.84 400.75 Td (participate ) Tj ET Q q 0 0 0 rg BT 166.41 400.75 Td (in ) Tj ET Q q 0 0 0 rg BT 178.30 400.75 Td (larger ) Tj ET Q q 0 0 0 rg BT 209.09 400.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 251.00 400.75 Td (and ) Tj ET Q q 0 0 0 rg BT 271.78 400.75 Td (may ) Tj ET Q q 0 0 0 rg BT 294.79 400.75 Td (have ) Tj ET Q q 0 0 0 rg BT 320.59 400.75 Td (more ) Tj ET Q q 0 0 0 rg BT 348.04 400.75 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 413.84 400.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 434.63 400.75 Td (in ) Tj ET Q q 0 0 0 rg BT 446.52 400.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 482.32 400.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 511.46 400.75 Td (of ) Tj ET Q q 0 0 0 rg BT 523.90 400.75 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 367.75 Td (e ) Tj ET Q q 0 0 0 rg BT 88.76 367.75 Td (have ) Tj ET Q q 0 0 0 rg BT 112.38 367.75 Td (a ) Tj ET Q q 0 0 0 rg BT 119.88 367.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 151.27 367.75 Td (of ) Tj ET Q q 0 0 0 rg BT 161.54 367.75 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 215.18 367.75 Td (development ) Tj ET Q q 0 0 0 rg BT 274.38 367.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.00 367.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 348.85 367.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 385.80 367.75 Td (underway ) Tj ET Q q 0 0 0 rg BT 431.10 367.75 Td (at ) Tj ET Q q 0 0 0 rg BT 441.38 367.75 Td (any ) Tj ET Q q 0 0 0 rg BT 459.44 367.75 Td (given ) Tj ET Q q 0 0 0 rg BT 485.28 367.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 508.89 367.75 Td (Project ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 355.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 103.61 355.75 Td (may ) Tj ET Q q 0 0 0 rg BT 125.21 355.75 Td (result ) Tj ET Q q 0 0 0 rg BT 152.36 355.75 Td (in ) Tj ET Q q 0 0 0 rg BT 162.85 355.75 Td (delayed ) Tj ET Q q 0 0 0 rg BT 200.58 355.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 239.42 355.75 Td (receipts ) Tj ET Q q 0 0 0 rg BT 277.14 355.75 Td (and ) Tj ET Q q 0 0 0 rg BT 296.53 355.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 317.57 355.75 Td (overruns ) Tj ET Q q 0 0 0 rg BT 359.18 355.75 Td (may ) Tj ET Q q 0 0 0 rg BT 380.78 355.75 Td (result ) Tj ET Q q 0 0 0 rg BT 407.93 355.75 Td (in ) Tj ET Q q 0 0 0 rg BT 418.42 355.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 456.14 355.75 Td (being ) Tj ET Q q 0 0 0 rg BT 483.31 355.75 Td (uneconomic. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.79 343.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 120.48 343.75 Td (to ) Tj ET Q q 0 0 0 rg BT 131.95 343.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 175.65 343.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 213.79 343.75 Td (is ) Tj ET Q q 0 0 0 rg BT 224.13 343.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 274.53 343.75 Td (on ) Tj ET Q q 0 0 0 rg BT 288.77 343.75 Td (general ) Tj ET Q q 0 0 0 rg BT 325.26 343.75 Td (business ) Tj ET Q q 0 0 0 rg BT 367.85 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 387.66 343.75 Td (market ) Tj ET Q q 0 0 0 rg BT 421.34 343.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 469.50 343.75 Td (as ) Tj ET Q q 0 0 0 rg BT 483.18 343.75 Td (well ) Tj ET Q q 0 0 0 rg BT 503.53 343.75 Td (as ) Tj ET Q q 0 0 0 rg BT 517.22 343.75 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 331.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 105.74 331.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 142.27 331.75 Td (our ) Tj ET Q q 0 0 0 rg BT 160.45 331.75 Td (control, ) Tj ET Q q 0 0 0 rg BT 196.98 331.75 Td (including ) Tj ET Q q 0 0 0 rg BT 240.18 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 257.81 331.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 307.67 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 319.73 331.75 Td (skilled ) Tj ET Q q 0 0 0 rg BT 351.25 331.75 Td (labour ) Tj ET Q q 0 0 0 rg BT 382.78 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 403.19 331.75 Td (manpower) Tj ET Q q 0 0 0 rg BT 449.33 331.75 Td (, ) Tj ET Q q 0 0 0 rg BT 455.83 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 473.46 331.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 523.32 331.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (proximity ) Tj ET Q q 0 0 0 rg BT 115.34 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 127.01 319.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 164.82 319.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 204.84 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 224.86 319.75 Td (rail ) Tj ET Q q 0 0 0 rg BT 241.53 319.75 Td (terminals, ) Tj ET Q q 0 0 0 rg BT 288.21 319.75 Td (weather) Tj ET Q q 0 0 0 rg BT 323.23 319.75 Td (, ) Tj ET Q q 0 0 0 rg BT 329.34 319.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 395.49 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 415.51 319.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 463.31 319.75 Td (matters, ) Tj ET Q q 0 0 0 rg BT 502.77 319.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 531.67 319.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (access ) Tj ET Q q 0 0 0 rg BT 105.00 307.75 Td (lands, ) Tj ET Q q 0 0 0 rg BT 133.56 307.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 181.57 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 191.78 307.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 222.56 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 241.12 307.75 Td (other ) Tj ET Q q 0 0 0 rg BT 265.78 307.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 314.36 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.92 307.75 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 374.26 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 392.82 307.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 440.83 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 451.04 307.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 501.28 307.75 Td (capacity) Tj ET Q q 0 0 0 rg BT 537.22 307.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.69 286.75 Td (thermal ) Tj ET Q q 0 0 0 rg BT 129.73 286.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 160.00 286.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 173.58 286.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 214.39 286.75 Td (face ) Tj ET Q q 0 0 0 rg BT 236.32 286.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 285.46 286.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 310.73 286.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 360.43 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 371.79 286.75 Td (conventional ) Tj ET Q q 0 0 0 rg BT 435.37 286.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 448.95 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 468.65 286.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 487.79 286.75 Td (production) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 265.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.14 265.75 Td (thermal ) Tj ET Q q 0 0 0 rg BT 124.95 265.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 153.10 265.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 164.57 265.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 201.05 265.75 Td (are ) Tj ET Q q 0 0 0 rg BT 216.97 265.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 247.34 265.75 Td (intensive ) Tj ET Q q 0 0 0 rg BT 288.28 265.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 324.76 265.75 Td (which ) Tj ET Q q 0 0 0 rg BT 351.79 265.75 Td (rely ) Tj ET Q q 0 0 0 rg BT 369.37 265.75 Td (on ) Tj ET Q q 0 0 0 rg BT 381.96 265.75 Td (specialized ) Tj ET Q q 0 0 0 rg BT 432.90 265.75 Td (production ) Tj ET Q q 0 0 0 rg BT 481.06 265.75 Td (technologies. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 107.33 253.75 Td (current ) Tj ET Q q 0 0 0 rg BT 141.54 253.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 200.78 253.75 Td (for ) Tj ET Q q 0 0 0 rg BT 215.54 253.75 Td (the ) Tj ET Q q 0 0 0 rg BT 232.53 253.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 273.97 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.40 253.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 315.17 253.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 331.05 253.75 Td (such ) Tj ET Q q 0 0 0 rg BT 355.26 253.75 Td (as ) Tj ET Q q 0 0 0 rg BT 368.91 253.75 Td (CSS ) Tj ET Q q 0 0 0 rg BT 392.57 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 412.34 253.75 Td (SAGD, ) Tj ET Q q 0 0 0 rg BT 446.55 253.75 Td (are ) Tj ET Q q 0 0 0 rg BT 464.09 253.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 497.76 253.75 Td (intensive, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (requiring ) Tj ET Q q 0 0 0 rg BT 114.14 241.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 161.84 241.75 Td (consumption ) Tj ET Q q 0 0 0 rg BT 221.78 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 233.35 241.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 267.16 241.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 286.51 241.75 Td (and ) Tj ET Q q 0 0 0 rg BT 306.43 241.75 Td (other ) Tj ET Q q 0 0 0 rg BT 332.46 241.75 Td (fuels ) Tj ET Q q 0 0 0 rg BT 356.81 241.75 Td (in ) Tj ET Q q 0 0 0 rg BT 367.83 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 384.96 241.75 Td (production ) Tj ET Q q 0 0 0 rg BT 434.90 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 446.47 241.75 Td (steam ) Tj ET Q q 0 0 0 rg BT 476.93 241.75 Td (that ) Tj ET Q q 0 0 0 rg BT 496.85 241.75 Td (is ) Tj ET Q q 0 0 0 rg BT 507.30 241.75 Td (used ) Tj ET Q q 0 0 0 rg BT 532.22 241.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.17 229.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 128.78 229.75 Td (process. ) Tj ET Q q 0 0 0 rg BT 168.70 229.75 Td (The ) Tj ET Q q 0 0 0 rg BT 188.20 229.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 223.82 229.75 Td (of ) Tj ET Q q 0 0 0 rg BT 234.43 229.75 Td (steam ) Tj ET Q q 0 0 0 rg BT 263.93 229.75 Td (required ) Tj ET Q q 0 0 0 rg BT 302.88 229.75 Td (in ) Tj ET Q q 0 0 0 rg BT 312.93 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 329.10 229.75 Td (production ) Tj ET Q q 0 0 0 rg BT 378.07 229.75 Td (process ) Tj ET Q q 0 0 0 rg BT 415.35 229.75 Td (varies ) Tj ET Q q 0 0 0 rg BT 444.30 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.25 229.75 Td (therefore ) Tj ET Q q 0 0 0 rg BT 505.54 229.75 Td (impacts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (costs. ) Tj ET Q q 0 0 0 rg BT 102.14 217.75 Td (The ) Tj ET Q q 0 0 0 rg BT 123.67 217.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 184.11 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 196.75 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.95 217.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 258.14 217.75 Td (can ) Tj ET Q q 0 0 0 rg BT 278.56 217.75 Td (also ) Tj ET Q q 0 0 0 rg BT 301.21 217.75 Td (af) Tj ET Q q 0 0 0 rg BT 309.37 217.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 329.78 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 347.99 217.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 378.96 217.75 Td (and ) Tj ET Q q 0 0 0 rg BT 399.94 217.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 429.81 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 442.45 217.75 Td (production ) Tj ET Q q 0 0 0 rg BT 493.45 217.75 Td (using ) Tj ET Q q 0 0 0 rg BT 521.65 217.75 Td (new ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (technologies. ) Tj ET Q q 0 0 0 rg BT 133.64 205.75 Td (A) Tj ET Q q 0 0 0 rg BT 139.75 205.75 Td ( ) Tj ET Q q 0 0 0 rg BT 143.13 205.75 Td (large ) Tj ET Q q 0 0 0 rg BT 168.74 205.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 209.92 205.75 Td (in ) Tj ET Q q 0 0 0 rg BT 221.08 205.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 262.80 205.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 289.52 205.75 Td (could ) Tj ET Q q 0 0 0 rg BT 316.80 205.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 346.86 205.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 380.25 205.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 418.64 205.75 Td (that ) Tj ET Q q 0 0 0 rg BT 438.70 205.75 Td (rely ) Tj ET Q q 0 0 0 rg BT 458.19 205.75 Td (on ) Tj ET Q q 0 0 0 rg BT 472.69 205.75 Td (CSS, ) Tj ET Q q 0 0 0 rg BT 499.40 205.75 Td (SAGD ) Tj ET Q q 0 0 0 rg BT 531.12 205.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (other ) Tj ET Q q 0 0 0 rg BT 96.32 193.75 Td (new ) Tj ET Q q 0 0 0 rg BT 116.19 193.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 173.87 193.75 Td (to ) Tj ET Q q 0 0 0 rg BT 183.74 193.75 Td (become ) Tj ET Q q 0 0 0 rg BT 220.84 193.75 Td (uneconomic, ) Tj ET Q q 0 0 0 rg BT 279.06 193.75 Td (which ) Tj ET Q q 0 0 0 rg BT 306.16 193.75 Td (could ) Tj ET Q q 0 0 0 rg BT 331.59 193.75 Td (have ) Tj ET Q q 0 0 0 rg BT 354.80 193.75 Td (an ) Tj ET Q q 0 0 0 rg BT 367.45 193.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 404.55 193.75 Td (ef) Tj ET Q q 0 0 0 rg BT 412.71 193.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.36 193.75 Td (on ) Tj ET Q q 0 0 0 rg BT 443.00 193.75 Td (our ) Tj ET Q q 0 0 0 rg BT 458.98 193.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 497.20 193.75 Td (condition. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (There ) Tj ET Q q 0 0 0 rg BT 99.69 181.75 Td (are ) Tj ET Q q 0 0 0 rg BT 115.71 181.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 137.83 181.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 187.21 181.75 Td (with ) Tj ET Q q 0 0 0 rg BT 206.56 181.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 238.14 181.75 Td (and ) Tj ET Q q 0 0 0 rg BT 256.40 181.75 Td (other ) Tj ET Q q 0 0 0 rg BT 280.76 181.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 311.23 181.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 347.82 181.75 Td (that ) Tj ET Q q 0 0 0 rg BT 366.06 181.75 Td (rely ) Tj ET Q q 0 0 0 rg BT 383.75 181.75 Td (largely ) Tj ET Q q 0 0 0 rg BT 414.77 181.75 Td (or ) Tj ET Q q 0 0 0 rg BT 425.23 181.75 Td (partly ) Tj ET Q q 0 0 0 rg BT 451.25 181.75 Td (on ) Tj ET Q q 0 0 0 rg BT 463.94 181.75 Td (new ) Tj ET Q q 0 0 0 rg BT 483.86 181.75 Td (technologies ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 169.75 Td (and ) Tj ET Q q 0 0 0 rg BT 93.75 169.75 Td (the ) Tj ET Q q 0 0 0 rg BT 112.71 169.75 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 175.58 169.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.98 169.75 Td (such ) Tj ET Q q 0 0 0 rg BT 215.17 169.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 276.38 169.75 Td (into ) Tj ET Q q 0 0 0 rg BT 297.57 169.75 Td (new ) Tj ET Q q 0 0 0 rg BT 320.97 169.75 Td (or ) Tj ET Q q 0 0 0 rg BT 334.93 169.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 373.89 169.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 428.10 169.75 Td (The ) Tj ET Q q 0 0 0 rg BT 450.40 169.75 Td (success ) Tj ET Q q 0 0 0 rg BT 491.58 169.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.98 169.75 Td (projects ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 157.75 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 132.59 157.75 Td (new ) Tj ET Q q 0 0 0 rg BT 153.71 157.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 212.64 157.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 245.45 157.75 Td (be ) Tj ET Q q 0 0 0 rg BT 259.35 157.75 Td (assured.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (Project ) Tj ET Q q 0 0 0 rg BT 106.20 136.75 Td (economics ) Tj ET Q q 0 0 0 rg BT 157.07 136.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.83 136.75 Td (our ) Tj ET Q q 0 0 0 rg BT 194.36 136.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 235.79 136.75 Td (may ) Tj ET Q q 0 0 0 rg BT 257.75 136.75 Td (be ) Tj ET Q q 0 0 0 rg BT 271.95 136.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 311.16 136.75 Td (if ) Tj ET Q q 0 0 0 rg BT 319.24 136.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 365.11 136.75 Td (in ) Tj ET Q q 0 0 0 rg BT 375.97 136.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 420.74 136.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 447.16 136.75 Td (are ) Tj ET Q q 0 0 0 rg BT 464.68 136.75 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 506.66 136.75 Td (Factors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (which ) Tj ET Q q 0 0 0 rg BT 99.13 124.75 Td (could ) Tj ET Q q 0 0 0 rg BT 124.61 124.75 Td (af) Tj ET Q q 0 0 0 rg BT 132.77 124.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 150.45 124.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 193.72 124.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 218.62 124.75 Td (include, ) Tj ET Q q 0 0 0 rg BT 254.66 124.75 Td (without ) Tj ET Q q 0 0 0 rg BT 287.91 124.75 Td (limitation: ) Tj ET Q q 0 0 0 rg BT 331.71 124.75 Td (labour ) Tj ET Q q 0 0 0 rg BT 361.08 124.75 Td (costs; ) Tj ET Q q 0 0 0 rg BT 388.76 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 404.23 124.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 424.14 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 434.04 124.75 Td (catalysts ) Tj ET Q q 0 0 0 rg BT 474.51 124.75 Td (and ) Tj ET Q q 0 0 0 rg BT 492.76 124.75 Td (chemicals; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (the ) Tj ET Q q 0 0 0 rg BT 87.79 112.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 108.01 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.23 112.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 150.69 112.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 168.70 112.75 Td (and ) Tj ET Q q 0 0 0 rg BT 187.27 112.75 Td (electricity; ) Tj ET Q q 0 0 0 rg BT 233.61 112.75 Td (water ) Tj ET Q q 0 0 0 rg BT 259.95 112.75 Td (handling ) Tj ET Q q 0 0 0 rg BT 299.64 112.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.21 112.75 Td (availability; ) Tj ET Q q 0 0 0 rg BT 369.01 112.75 Td (power ) Tj ET Q q 0 0 0 rg BT 398.13 112.75 Td (outages; ) Tj ET Q q 0 0 0 rg BT 438.38 112.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 481.96 112.75 Td (sand ) Tj ET Q q 0 0 0 rg BT 505.53 112.75 Td (causing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (issues ) Tj ET Q q 0 0 0 rg BT 103.57 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 115.13 100.75 Td (erosion, ) Tj ET Q q 0 0 0 rg BT 153.93 100.75 Td (hot ) Tj ET Q q 0 0 0 rg BT 171.05 100.75 Td (spots ) Tj ET Q q 0 0 0 rg BT 198.18 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 218.09 100.75 Td (corrosion; ) Tj ET Q q 0 0 0 rg BT 265.22 100.75 Td (reliability ) Tj ET Q q 0 0 0 rg BT 307.34 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 318.90 100.75 Td (facilities; ) Tj ET Q q 0 0 0 rg BT 360.47 100.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 420.96 100.75 Td (costs; ) Tj ET Q q 0 0 0 rg BT 450.30 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.42 100.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 488.98 100.75 Td (to ) Tj ET Q q 0 0 0 rg BT 500.55 100.75 Td (transport ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 98.12 88.75 Td (products; ) Tj ET Q q 0 0 0 rg BT 142.03 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 161.50 88.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.18 88.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 199.29 88.75 Td (to ) Tj ET Q q 0 0 0 rg BT 210.41 88.75 Td (dispose ) Tj ET Q q 0 0 0 rg BT 247.66 88.75 Td (of ) Tj ET Q q 0 0 0 rg BT 258.78 88.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 291.57 88.75 Td (by-products.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I57 Do Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (40) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Alternatives ) Tj ET Q q 0 0 0 rg BT 132.02 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 144.24 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 164.80 712.75 Td (changing ) Tj ET Q q 0 0 0 rg BT 212.02 712.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 253.14 712.75 Td (for ) Tj ET Q q 0 0 0 rg BT 269.25 712.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 320.36 712.75 Td (products) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 133.85 691.75 Td (measures, ) Tj ET Q q 0 0 0 rg BT 183.46 691.75 Td (alternative ) Tj ET Q q 0 0 0 rg BT 232.53 691.75 Td (fuel ) Tj ET Q q 0 0 0 rg BT 251.58 691.75 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 315.65 691.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 364.16 691.75 Td (consumer ) Tj ET Q q 0 0 0 rg BT 410.99 691.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 450.06 691.75 Td (for ) Tj ET Q q 0 0 0 rg BT 464.66 691.75 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 518.72 691.75 Td (to ) Tj ET Q q 0 0 0 rg BT 529.99 691.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.42 679.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 124.73 679.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.58 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.00 679.75 Td (technological ) Tj ET Q q 0 0 0 rg BT 224.10 679.75 Td (advances ) Tj ET Q q 0 0 0 rg BT 269.64 679.75 Td (in ) Tj ET Q q 0 0 0 rg BT 280.16 679.75 Td (fuel ) Tj ET Q q 0 0 0 rg BT 299.02 679.75 Td (economy ) Tj ET Q q 0 0 0 rg BT 342.32 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 361.74 679.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 410.62 679.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 443.92 679.75 Td (could ) Tj ET Q q 0 0 0 rg BT 470.56 679.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 503.87 679.75 Td (demand ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (for ) Tj ET Q q 0 0 0 rg BT 86.15 667.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 98.64 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 117.81 667.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 150.87 667.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 172.25 667.75 Td ( ) Tj ET Q q 0 0 0 rg BT 174.73 667.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 209.45 667.75 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 264.17 667.75 Td (have ) Tj ET Q q 0 0 0 rg BT 288.34 667.75 Td (implemented ) Tj ET Q q 0 0 0 rg BT 348.07 667.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 383.91 667.75 Td (or ) Tj ET Q q 0 0 0 rg BT 395.28 667.75 Td (incentives ) Tj ET Q q 0 0 0 rg BT 442.23 667.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.05 667.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 496.67 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 513.06 667.75 Td (use ) Tj ET Q q 0 0 0 rg BT 531.66 667.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (fossil ) Tj ET Q q 0 0 0 rg BT 97.45 655.75 Td (fuels ) Tj ET Q q 0 0 0 rg BT 121.24 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 140.58 655.75 Td (encourage ) Tj ET Q q 0 0 0 rg BT 190.51 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.08 655.75 Td (use ) Tj ET Q q 0 0 0 rg BT 225.86 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 236.87 655.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 285.67 655.75 Td (fuel ) Tj ET Q q 0 0 0 rg BT 304.46 655.75 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 361.04 655.75 Td (which ) Tj ET Q q 0 0 0 rg BT 389.27 655.75 Td (may ) Tj ET Q q 0 0 0 rg BT 410.83 655.75 Td (lessen ) Tj ET Q q 0 0 0 rg BT 442.40 655.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 481.20 655.75 Td (for ) Tj ET Q q 0 0 0 rg BT 495.54 655.75 Td (petroleum ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (products ) Tj ET Q q 0 0 0 rg BT 113.34 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 133.01 643.75 Td (put ) Tj ET Q q 0 0 0 rg BT 149.90 643.75 Td (downward ) Tj ET Q q 0 0 0 rg BT 198.47 643.75 Td (pressure ) Tj ET Q q 0 0 0 rg BT 240.36 643.75 Td (on ) Tj ET Q q 0 0 0 rg BT 254.47 643.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 305.81 643.75 Td (prices. ) Tj ET Q q 0 0 0 rg BT 338.25 643.75 Td ( ) Tj ET Q q 0 0 0 rg BT 341.23 643.75 Td (In ) Tj ET Q q 0 0 0 rg BT 352.56 643.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 393.36 643.75 Td (advancements ) Tj ET Q q 0 0 0 rg BT 461.38 643.75 Td (in ) Tj ET Q q 0 0 0 rg BT 472.15 643.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 505.72 643.75 Td (ef) Tj ET Q q 0 0 0 rg BT 513.88 643.75 Td (ficient ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (products ) Tj ET Q q 0 0 0 rg BT 113.09 631.75 Td (have ) Tj ET Q q 0 0 0 rg BT 137.51 631.75 Td (a ) Tj ET Q q 0 0 0 rg BT 145.81 631.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 177.43 631.75 Td (af) Tj ET Q q 0 0 0 rg BT 185.59 631.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 204.44 631.75 Td (on ) Tj ET Q q 0 0 0 rg BT 218.30 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 234.93 631.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 273.81 631.75 Td (for ) Tj ET Q q 0 0 0 rg BT 288.21 631.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 300.95 631.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.37 631.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 339.23 631.75 Td (products. ) Tj ET Q q 0 0 0 rg BT 383.10 631.75 Td ( ) Tj ET Q q 0 0 0 rg BT 385.65 631.75 Td (The ) Tj ET Q q 0 0 0 rg BT 405.62 631.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 460.60 631.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 493.36 631.75 Td (predict ) Tj ET Q q 0 0 0 rg BT 526.11 631.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 104.39 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 115.67 619.75 Td (changing ) Tj ET Q q 0 0 0 rg BT 159.20 619.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 198.28 619.75 Td (for ) Tj ET Q q 0 0 0 rg BT 212.89 619.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 225.84 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 245.46 619.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 278.98 619.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 298.04 619.75 Td (products, ) Tj ET Q q 0 0 0 rg BT 342.11 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 361.74 619.75 Td (any ) Tj ET Q q 0 0 0 rg BT 380.80 619.75 Td (major ) Tj ET Q q 0 0 0 rg BT 408.74 619.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 449.49 619.75 Td (may ) Tj ET Q q 0 0 0 rg BT 471.32 619.75 Td (have ) Tj ET Q q 0 0 0 rg BT 495.95 619.75 Td (a ) Tj ET Q q 0 0 0 rg BT 504.45 619.75 Td (material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 110.72 607.75 Td (ef) Tj ET Q q 0 0 0 rg BT 118.88 607.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 138.14 607.75 Td (on ) Tj ET Q q 0 0 0 rg BT 152.40 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 169.45 607.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 231.75 607.75 Td (business ) Tj ET Q q 0 0 0 rg BT 274.36 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 294.19 607.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.02 607.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 377.19 607.75 Td (by ) Tj ET Q q 0 0 0 rg BT 390.89 607.75 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 442.95 607.75 Td (its ) Tj ET Q q 0 0 0 rg BT 456.10 607.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 480.36 607.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 506.29 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.11 607.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (value ) Tj ET Q q 0 0 0 rg BT 98.68 595.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.80 595.75 Td (its ) Tj ET Q q 0 0 0 rg BT 122.58 595.75 Td (assets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.56 574.75 Td (information ) Tj ET Q q 0 0 0 rg BT 150.33 574.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 206.44 574.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 249.25 574.75 Td (are ) Tj ET Q q 0 0 0 rg BT 267.04 574.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 304.83 574.75 Td (to ) Tj ET Q q 0 0 0 rg BT 317.05 574.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 352.62 574.75 Td (risks) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 553.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 553.75 Td (e ) Tj ET Q q 0 0 0 rg BT 91.08 553.75 Td (utilize ) Tj ET Q q 0 0 0 rg BT 120.90 553.75 Td (a ) Tj ET Q q 0 0 0 rg BT 130.73 553.75 Td (number ) Tj ET Q q 0 0 0 rg BT 168.89 553.75 Td (of ) Tj ET Q q 0 0 0 rg BT 181.49 553.75 Td (information ) Tj ET Q q 0 0 0 rg BT 235.22 553.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 287.85 553.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 328.77 553.75 Td (for ) Tj ET Q q 0 0 0 rg BT 344.70 553.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.86 553.75 Td (administration ) Tj ET Q q 0 0 0 rg BT 429.37 553.75 Td (and ) Tj ET Q q 0 0 0 rg BT 450.32 553.75 Td (management ) Tj ET Q q 0 0 0 rg BT 512.95 553.75 Td (of ) Tj ET Q q 0 0 0 rg BT 525.55 553.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 541.75 Td (business. ) Tj ET Q q 0 0 0 rg BT 117.84 541.75 Td (If ) Tj ET Q q 0 0 0 rg BT 126.99 541.75 Td (our ) Tj ET Q q 0 0 0 rg BT 145.04 541.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 174.20 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 186.13 541.75 Td (access ) Tj ET Q q 0 0 0 rg BT 220.85 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 241.13 541.75 Td (use ) Tj ET Q q 0 0 0 rg BT 260.84 541.75 Td (these ) Tj ET Q q 0 0 0 rg BT 288.90 541.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 329.16 541.75 Td (is ) Tj ET Q q 0 0 0 rg BT 339.98 541.75 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 391.38 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 411.66 541.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 445.28 541.75 Td (be ) Tj ET Q q 0 0 0 rg BT 459.99 541.75 Td (quickly ) Tj ET Q q 0 0 0 rg BT 494.15 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 514.43 541.75 Td (easily ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (restored ) Tj ET Q q 0 0 0 rg BT 111.03 529.75 Td (then ) Tj ET Q q 0 0 0 rg BT 132.84 529.75 Td (such ) Tj ET Q q 0 0 0 rg BT 156.30 529.75 Td (event ) Tj ET Q q 0 0 0 rg BT 183.11 529.75 Td (could ) Tj ET Q q 0 0 0 rg BT 209.36 529.75 Td (have ) Tj ET Q q 0 0 0 rg BT 233.39 529.75 Td (a ) Tj ET Q q 0 0 0 rg BT 241.30 529.75 Td (material ) Tj ET Q q 0 0 0 rg BT 279.21 529.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 317.13 529.75 Td (ef) Tj ET Q q 0 0 0 rg BT 325.29 529.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 343.75 529.75 Td (on ) Tj ET Q q 0 0 0 rg BT 357.22 529.75 Td (us. ) Tj ET Q q 0 0 0 rg BT 372.90 529.75 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 433.04 529.75 Td (although ) Tj ET Q q 0 0 0 rg BT 473.75 529.75 Td (our ) Tj ET Q q 0 0 0 rg BT 490.55 529.75 Td (information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (technology ) Tj ET Q q 0 0 0 rg BT 123.81 517.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 163.91 517.75 Td (are ) Tj ET Q q 0 0 0 rg BT 181.80 517.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 234.16 517.75 Td (to ) Tj ET Q q 0 0 0 rg BT 245.94 517.75 Td (be ) Tj ET Q q 0 0 0 rg BT 260.50 517.75 Td (secure, ) Tj ET Q q 0 0 0 rg BT 296.73 517.75 Td (if ) Tj ET Q q 0 0 0 rg BT 305.17 517.75 Td (an ) Tj ET Q q 0 0 0 rg BT 319.73 517.75 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 380.99 517.75 Td (party ) Tj ET Q q 0 0 0 rg BT 406.66 517.75 Td (is ) Tj ET Q q 0 0 0 rg BT 417.32 517.75 Td (able ) Tj ET Q q 0 0 0 rg BT 439.66 517.75 Td (to ) Tj ET Q q 0 0 0 rg BT 451.44 517.75 Td (access ) Tj ET Q q 0 0 0 rg BT 486.00 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 503.34 517.75 Td (systems ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (then ) Tj ET Q q 0 0 0 rg BT 94.24 505.75 Td (such ) Tj ET Q q 0 0 0 rg BT 118.14 505.75 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 178.74 505.75 Td (access ) Tj ET Q q 0 0 0 rg BT 212.64 505.75 Td (may ) Tj ET Q q 0 0 0 rg BT 234.31 505.75 Td (compromise ) Tj ET Q q 0 0 0 rg BT 291.55 505.75 Td (our ) Tj ET Q q 0 0 0 rg BT 308.78 505.75 Td (business ) Tj ET Q q 0 0 0 rg BT 351.03 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 361.59 505.75 Td (a ) Tj ET Q q 0 0 0 rg BT 369.93 505.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 415.50 505.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 453.85 505.75 Td (manner) Tj ET Q q 0 0 0 rg BT 487.21 505.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 484.75 Td (Risks ) Tj ET Q q 0 0 0 rg BT 101.46 484.75 Td (Relating ) Tj ET Q q 0 0 0 rg BT 143.69 484.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.91 484.75 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 210.36 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.58 484.75 Td (our ) Tj ET Q q 0 0 0 rg BT 241.46 484.75 Td (Securities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 463.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 117.01 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 128.67 463.75 Td (market-based ) Tj ET Q q 0 0 0 rg BT 196.48 463.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 232.61 463.75 Td (may ) Tj ET Q q 0 0 0 rg BT 255.40 463.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 304.32 463.75 Td (af) Tj ET Q q 0 0 0 rg BT 313.04 463.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 333.60 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 351.38 463.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 388.04 463.75 Td (price ) Tj ET Q q 0 0 0 rg BT 414.72 463.75 Td (of ) Tj ET Q q 0 0 0 rg BT 426.94 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 444.71 463.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 490.82 463.75 Td (Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.85 442.75 Td (market ) Tj ET Q q 0 0 0 rg BT 125.02 442.75 Td (price ) Tj ET Q q 0 0 0 rg BT 149.31 442.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.27 442.75 Td (our ) Tj ET Q q 0 0 0 rg BT 177.34 442.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 220.52 442.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 254.82 442.75 Td (is ) Tj ET Q q 0 0 0 rg BT 264.66 442.75 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 306.18 442.75 Td (to ) Tj ET Q q 0 0 0 rg BT 317.14 442.75 Td (a ) Tj ET Q q 0 0 0 rg BT 325.31 442.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 357.38 442.75 Td (of ) Tj ET Q q 0 0 0 rg BT 368.34 442.75 Td (market-based ) Tj ET Q q 0 0 0 rg BT 432.09 442.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 464.72 442.75 Td (including, ) Tj ET Q q 0 0 0 rg BT 509.58 442.75 Td (but ) Tj ET Q q 0 0 0 rg BT 526.10 442.75 Td (not ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 104.03 430.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 118.29 430.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 169.77 430.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 202.36 430.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 238.29 430.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 266.43 430.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 300.15 430.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 346.65 430.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 372.02 430.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.84 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 408.88 430.75 Td (comparability ) Tj ET Q q 0 0 0 rg BT 470.92 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.40 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 499.44 430.75 Td (Common ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 418.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 105.69 418.75 Td (to ) Tj ET Q q 0 0 0 rg BT 116.03 418.75 Td (other ) Tj ET Q q 0 0 0 rg BT 140.82 418.75 Td (securities. ) Tj ET Q q 0 0 0 rg BT 187.44 418.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 206.67 418.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 246.48 418.75 Td (in ) Tj ET Q q 0 0 0 rg BT 256.26 418.75 Td (these ) Tj ET Q q 0 0 0 rg BT 282.73 418.75 Td (market-based ) Tj ET Q q 0 0 0 rg BT 345.87 418.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 377.88 418.75 Td (may ) Tj ET Q q 0 0 0 rg BT 398.77 418.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 443.57 418.75 Td (af) Tj ET Q q 0 0 0 rg BT 451.73 418.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 469.85 418.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.75 418.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 518.33 418.75 Td (price ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 406.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 406.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.80 406.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 143.14 406.75 Td (Shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 385.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 109.23 385.75 Td (Risks ) Tj ET Q q 0 0 0 rg BT 138.69 385.75 Td (for ) Tj ET Q q 0 0 0 rg BT 154.80 385.75 Td (United ) Tj ET Q q 0 0 0 rg BT 188.69 385.75 Td (States ) Tj ET Q q 0 0 0 rg BT 221.48 385.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.04 385.75 Td (other ) Tj ET Q q 0 0 0 rg BT 269.82 385.75 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 333.15 385.75 Td (Shareholders) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.56 364.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 124.23 364.75 Td (of ) Tj ET Q q 0 0 0 rg BT 136.45 364.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 183.69 364.75 Td (resident ) Tj ET Q q 0 0 0 rg BT 225.37 364.75 Td (in ) Tj ET Q q 0 0 0 rg BT 237.03 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.81 364.75 Td (United ) Tj ET Q q 0 0 0 rg BT 288.70 364.75 Td (States ) Tj ET Q q 0 0 0 rg BT 321.49 364.75 Td (to ) Tj ET Q q 0 0 0 rg BT 333.71 364.75 Td (enforce ) Tj ET Q q 0 0 0 rg BT 372.61 364.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 394.85 364.75 Td (remedies ) Tj ET Q q 0 0 0 rg BT 441.54 364.75 Td (is ) Tj ET Q q 0 0 0 rg BT 452.66 364.75 Td (limited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 343.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.42 343.75 Td (are ) Tj ET Q q 0 0 0 rg BT 106.47 343.75 Td (a ) Tj ET Q q 0 0 0 rg BT 114.63 343.75 Td (corporation ) Tj ET Q q 0 0 0 rg BT 167.26 343.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 225.45 343.75 Td (under ) Tj ET Q q 0 0 0 rg BT 253.63 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 270.13 343.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 292.73 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.67 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 320.17 343.75 Td (Province ) Tj ET Q q 0 0 0 rg BT 361.67 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.10 343.75 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 409.16 343.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 449.57 343.75 Td (our ) Tj ET Q q 0 0 0 rg BT 466.62 343.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 506.46 343.75 Td (of) Tj ET Q q 0 0 0 rg BT 514.62 343.75 Td (fice ) Tj ET Q q 0 0 0 rg BT 532.78 343.75 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 331.75 Td (located ) Tj ET Q q 0 0 0 rg BT 107.70 331.75 Td (in ) Tj ET Q q 0 0 0 rg BT 118.94 331.75 Td (Calgary) Tj ET Q q 0 0 0 rg BT 152.66 331.75 Td (, ) Tj ET Q q 0 0 0 rg BT 158.20 331.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 193.34 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 213.48 331.75 Td (a ) Tj ET Q q 0 0 0 rg BT 222.50 331.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 273.76 331.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 307.79 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 319.59 331.75 Td (our ) Tj ET Q q 0 0 0 rg BT 337.50 331.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.85 331.75 Td (are ) Tj ET Q q 0 0 0 rg BT 387.76 331.75 Td (located ) Tj ET Q q 0 0 0 rg BT 423.46 331.75 Td (outside ) Tj ET Q q 0 0 0 rg BT 459.16 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.52 331.75 Td (United ) Tj ET Q q 0 0 0 rg BT 508.88 331.75 Td (States. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (Most ) Tj ET Q q 0 0 0 rg BT 96.69 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 108.04 319.75 Td (our ) Tj ET Q q 0 0 0 rg BT 125.51 319.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 166.88 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 186.58 319.75 Td (of) Tj ET Q q 0 0 0 rg BT 194.74 319.75 Td (ficers ) Tj ET Q q 0 0 0 rg BT 221.65 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 241.35 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 258.27 319.75 Td (representatives ) Tj ET Q q 0 0 0 rg BT 329.65 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 341.01 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 357.93 319.75 Td (experts ) Tj ET Q q 0 0 0 rg BT 393.74 319.75 Td (who ) Tj ET Q q 0 0 0 rg BT 415.10 319.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 450.91 319.75 Td (services ) Tj ET Q q 0 0 0 rg BT 490.61 319.75 Td (to ) Tj ET Q q 0 0 0 rg BT 501.96 319.75 Td (us ) Tj ET Q q 0 0 0 rg BT 515.54 319.75 Td (\(such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (as ) Tj ET Q q 0 0 0 rg BT 85.44 307.75 Td (our ) Tj ET Q q 0 0 0 rg BT 102.77 307.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 141.23 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 160.79 307.75 Td (our ) Tj ET Q q 0 0 0 rg BT 178.12 307.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 236.06 307.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 276.19 307.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 317.41 307.75 Td (evaluators\), ) Tj ET Q q 0 0 0 rg BT 372.53 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 392.10 307.75 Td (all ) Tj ET Q q 0 0 0 rg BT 404.98 307.75 Td (or ) Tj ET Q q 0 0 0 rg BT 416.75 307.75 Td (a ) Tj ET Q q 0 0 0 rg BT 425.19 307.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 475.88 307.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 509.33 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 520.55 307.75 Td (their ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 103.30 295.75 Td (are ) Tj ET Q q 0 0 0 rg BT 120.16 295.75 Td (located ) Tj ET Q q 0 0 0 rg BT 154.81 295.75 Td (outside ) Tj ET Q q 0 0 0 rg BT 189.46 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.76 295.75 Td (United ) Tj ET Q q 0 0 0 rg BT 237.07 295.75 Td (States. ) Tj ET Q q 0 0 0 rg BT 270.12 295.75 Td (As ) Tj ET Q q 0 0 0 rg BT 284.19 295.75 Td (a ) Tj ET Q q 0 0 0 rg BT 292.16 295.75 Td (result, ) Tj ET Q q 0 0 0 rg BT 321.79 295.75 Td (it ) Tj ET Q q 0 0 0 rg BT 329.19 295.75 Td (may ) Tj ET Q q 0 0 0 rg BT 350.49 295.75 Td (be ) Tj ET Q q 0 0 0 rg BT 364.01 295.75 Td (dif) Tj ET Q q 0 0 0 rg BT 374.39 295.75 Td (ficult ) Tj ET Q q 0 0 0 rg BT 397.36 295.75 Td (for ) Tj ET Q q 0 0 0 rg BT 411.43 295.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 453.85 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 464.03 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.34 295.75 Td (United ) Tj ET Q q 0 0 0 rg BT 511.65 295.75 Td (States ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.92 283.75 Td (ef) Tj ET Q q 0 0 0 rg BT 92.08 283.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 111.78 283.75 Td (service ) Tj ET Q q 0 0 0 rg BT 147.03 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 158.95 283.75 Td (process ) Tj ET Q q 0 0 0 rg BT 197.55 283.75 Td (within ) Tj ET Q q 0 0 0 rg BT 226.69 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.17 283.75 Td (United ) Tj ET Q q 0 0 0 rg BT 276.66 283.75 Td (States ) Tj ET Q q 0 0 0 rg BT 308.59 283.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 334.42 283.75 Td (such ) Tj ET Q q 0 0 0 rg BT 359.12 283.75 Td (directors, ) Tj ET Q q 0 0 0 rg BT 403.82 283.75 Td (of) Tj ET Q q 0 0 0 rg BT 411.98 283.75 Td (ficers ) Tj ET Q q 0 0 0 rg BT 439.45 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 459.72 283.75 Td (representatives ) Tj ET Q q 0 0 0 rg BT 531.67 283.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (experts ) Tj ET Q q 0 0 0 rg BT 106.89 271.75 Td (who ) Tj ET Q q 0 0 0 rg BT 127.33 271.75 Td (are ) Tj ET Q q 0 0 0 rg BT 143.88 271.75 Td (not ) Tj ET Q q 0 0 0 rg BT 159.88 271.75 Td (residents ) Tj ET Q q 0 0 0 rg BT 202.55 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 212.99 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 228.99 271.75 Td (United ) Tj ET Q q 0 0 0 rg BT 259.99 271.75 Td (States ) Tj ET Q q 0 0 0 rg BT 290.44 271.75 Td (or ) Tj ET Q q 0 0 0 rg BT 301.43 271.75 Td (to ) Tj ET Q q 0 0 0 rg BT 311.87 271.75 Td (enforce ) Tj ET Q q 0 0 0 rg BT 347.32 271.75 Td (against ) Tj ET Q q 0 0 0 rg BT 381.66 271.75 Td (them ) Tj ET Q q 0 0 0 rg BT 405.99 271.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 454.22 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 464.66 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.66 271.75 Td (United ) Tj ET Q q 0 0 0 rg BT 511.66 271.75 Td (States ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 259.75 Td (courts ) Tj ET Q q 0 0 0 rg BT 101.91 259.75 Td (based ) Tj ET Q q 0 0 0 rg BT 131.84 259.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 156.77 259.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 176.11 259.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 208.80 259.75 Td (under ) Tj ET Q q 0 0 0 rg BT 237.06 259.75 Td (the ) Tj ET Q q 0 0 0 rg BT 253.64 259.75 Td (United ) Tj ET Q q 0 0 0 rg BT 285.23 259.75 Td (States ) Tj ET Q q 0 0 0 rg BT 316.26 259.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 349.51 259.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 394.43 259.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 417.12 259.75 Td (or ) Tj ET Q q 0 0 0 rg BT 428.69 259.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.27 259.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 490.19 259.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 512.87 259.75 Td (of ) Tj ET Q q 0 0 0 rg BT 523.89 259.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td (state ) Tj ET Q q 0 0 0 rg BT 97.02 247.75 Td (within ) Tj ET Q q 0 0 0 rg BT 125.93 247.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.18 247.75 Td (United ) Tj ET Q q 0 0 0 rg BT 175.42 247.75 Td (States. ) Tj ET Q q 0 0 0 rg BT 209.68 247.75 Td (There ) Tj ET Q q 0 0 0 rg BT 239.14 247.75 Td (is ) Tj ET Q q 0 0 0 rg BT 249.71 247.75 Td (doubt ) Tj ET Q q 0 0 0 rg BT 278.08 247.75 Td (as ) Tj ET Q q 0 0 0 rg BT 291.98 247.75 Td (to ) Tj ET Q q 0 0 0 rg BT 303.66 247.75 Td (the ) Tj ET Q q 0 0 0 rg BT 320.91 247.75 Td (enforceability ) Tj ET Q q 0 0 0 rg BT 383.17 247.75 Td (in ) Tj ET Q q 0 0 0 rg BT 394.30 247.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 432.67 247.75 Td (against ) Tj ET Q q 0 0 0 rg BT 468.26 247.75 Td (us ) Tj ET Q q 0 0 0 rg BT 482.16 247.75 Td (or ) Tj ET Q q 0 0 0 rg BT 494.40 247.75 Td (any ) Tj ET Q q 0 0 0 rg BT 513.86 247.75 Td (of ) Tj ET Q q 0 0 0 rg BT 525.54 247.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 235.75 Td (directors, ) Tj ET Q q 0 0 0 rg BT 115.32 235.75 Td (of) Tj ET Q q 0 0 0 rg BT 123.48 235.75 Td (ficers ) Tj ET Q q 0 0 0 rg BT 149.57 235.75 Td (or ) Tj ET Q q 0 0 0 rg BT 160.66 235.75 Td (representatives ) Tj ET Q q 0 0 0 rg BT 231.23 235.75 Td (of ) Tj ET Q q 0 0 0 rg BT 241.77 235.75 Td (experts ) Tj ET Q q 0 0 0 rg BT 276.76 235.75 Td (who ) Tj ET Q q 0 0 0 rg BT 297.31 235.75 Td (are ) Tj ET Q q 0 0 0 rg BT 313.96 235.75 Td (not ) Tj ET Q q 0 0 0 rg BT 330.06 235.75 Td (residents ) Tj ET Q q 0 0 0 rg BT 372.83 235.75 Td (of ) Tj ET Q q 0 0 0 rg BT 383.37 235.75 Td (the ) Tj ET Q q 0 0 0 rg BT 399.47 235.75 Td (United ) Tj ET Q q 0 0 0 rg BT 430.58 235.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 463.91 235.75 Td (in ) Tj ET Q q 0 0 0 rg BT 473.89 235.75 Td (original ) Tj ET Q q 0 0 0 rg BT 508.33 235.75 Td (actions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 223.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.31 223.75 Td (in ) Tj ET Q q 0 0 0 rg BT 93.51 223.75 Td (actions ) Tj ET Q q 0 0 0 rg BT 127.61 223.75 Td (for ) Tj ET Q q 0 0 0 rg BT 141.70 223.75 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 199.70 223.75 Td (of ) Tj ET Q q 0 0 0 rg BT 210.46 223.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 259.02 223.75 Td (of ) Tj ET Q q 0 0 0 rg BT 269.77 223.75 Td (United ) Tj ET Q q 0 0 0 rg BT 301.10 223.75 Td (States ) Tj ET Q q 0 0 0 rg BT 331.86 223.75 Td (courts ) Tj ET Q q 0 0 0 rg BT 361.51 223.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.27 223.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 412.48 223.75 Td (based ) Tj ET Q q 0 0 0 rg BT 442.14 223.75 Td (solely ) Tj ET Q q 0 0 0 rg BT 470.13 223.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 494.79 223.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.11 223.75 Td (United ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 211.75 Td (States ) Tj ET Q q 0 0 0 rg BT 103.13 211.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 136.48 211.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 181.50 211.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 204.28 211.75 Td (or ) Tj ET Q q 0 0 0 rg BT 215.95 211.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 260.96 211.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 283.75 211.75 Td (of ) Tj ET Q q 0 0 0 rg BT 294.87 211.75 Td (any ) Tj ET Q q 0 0 0 rg BT 313.77 211.75 Td (state ) Tj ET Q q 0 0 0 rg BT 338.23 211.75 Td (within ) Tj ET Q q 0 0 0 rg BT 366.57 211.75 Td (the ) Tj ET Q q 0 0 0 rg BT 383.25 211.75 Td (United ) Tj ET Q q 0 0 0 rg BT 414.93 211.75 Td (States.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 190.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 119.43 190.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.62 190.75 Td (United ) Tj ET Q q 0 0 0 rg BT 173.14 190.75 Td (States ) Tj ET Q q 0 0 0 rg BT 205.58 190.75 Td (practices ) Tj ET Q q 0 0 0 rg BT 251.91 190.75 Td (dif) Tj ET Q q 0 0 0 rg BT 263.94 190.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 279.14 190.75 Td (in ) Tj ET Q q 0 0 0 rg BT 290.45 190.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 336.75 190.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 380.32 190.75 Td (and ) Tj ET Q q 0 0 0 rg BT 400.51 190.75 Td (production ) Tj ET Q q 0 0 0 rg BT 455.14 190.75 Td (and ) Tj ET Q q 0 0 0 rg BT 475.33 190.75 Td (our ) Tj ET Q q 0 0 0 rg BT 493.86 190.75 Td (estimates ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 178.75 Td (may ) Tj ET Q q 0 0 0 rg BT 94.79 178.75 Td (not ) Tj ET Q q 0 0 0 rg BT 113.12 178.75 Td (be ) Tj ET Q q 0 0 0 rg BT 127.57 178.75 Td (comparable ) Tj ET Q q 0 0 0 rg BT 186.48 178.75 Td (to ) Tj ET Q q 0 0 0 rg BT 198.69 178.75 Td (those ) Tj ET Q q 0 0 0 rg BT 228.14 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 240.36 178.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 295.38 178.75 Td (in ) Tj ET Q q 0 0 0 rg BT 307.04 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 324.82 178.75 Td (United ) Tj ET Q q 0 0 0 rg BT 358.71 178.75 Td (States) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 157.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 157.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.33 157.75 Td (report ) Tj ET Q q 0 0 0 rg BT 117.96 157.75 Td (our ) Tj ET Q q 0 0 0 rg BT 134.93 157.75 Td (production ) Tj ET Q q 0 0 0 rg BT 184.14 157.75 Td (and ) Tj ET Q q 0 0 0 rg BT 203.34 157.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 244.19 157.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 289.51 157.75 Td (in ) Tj ET Q q 0 0 0 rg BT 299.80 157.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 354.02 157.75 Td (with ) Tj ET Q q 0 0 0 rg BT 374.31 157.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 419.63 157.75 Td (practices ) Tj ET Q q 0 0 0 rg BT 462.16 157.75 Td (and ) Tj ET Q q 0 0 0 rg BT 481.35 157.75 Td (specifically ) Tj ET Q q 0 0 0 rg BT 532.22 157.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 145.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 126.58 145.75 Td (with ) Tj ET Q q 0 0 0 rg BT 147.23 145.75 Td (NI ) Tj ET Q q 0 0 0 rg BT 160.11 145.75 Td (51-101. ) Tj ET Q q 0 0 0 rg BT 196.72 145.75 Td (These ) Tj ET Q q 0 0 0 rg BT 227.38 145.75 Td (practices ) Tj ET Q q 0 0 0 rg BT 270.27 145.75 Td (are ) Tj ET Q q 0 0 0 rg BT 287.60 145.75 Td (dif) Tj ET Q q 0 0 0 rg BT 297.98 145.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 326.43 145.75 Td (from ) Tj ET Q q 0 0 0 rg BT 349.31 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.09 145.75 Td (practices ) Tj ET Q q 0 0 0 rg BT 408.98 145.75 Td (used ) Tj ET Q q 0 0 0 rg BT 433.54 145.75 Td (to ) Tj ET Q q 0 0 0 rg BT 444.75 145.75 Td (report ) Tj ET Q q 0 0 0 rg BT 473.75 145.75 Td (production ) Tj ET Q q 0 0 0 rg BT 523.33 145.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 133.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.12 133.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 123.69 133.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 164.81 133.75 Td (in ) Tj ET Q q 0 0 0 rg BT 175.37 133.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 209.28 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.74 133.75 Td (other ) Tj ET Q q 0 0 0 rg BT 254.31 133.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 297.65 133.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 318.78 133.75 Td (with ) Tj ET Q q 0 0 0 rg BT 339.34 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.02 133.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 379.36 133.75 Td (by ) Tj ET Q q 0 0 0 rg BT 392.70 133.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 443.84 133.75 Td (in ) Tj ET Q q 0 0 0 rg BT 454.40 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 471.08 133.75 Td (United ) Tj ET Q q 0 0 0 rg BT 502.76 133.75 Td (States.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 112.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.81 112.75 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 142.83 112.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 188.63 112.75 Td (information ) Tj ET Q q 0 0 0 rg BT 241.08 112.75 Td (with ) Tj ET Q q 0 0 0 rg BT 261.86 112.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 297.64 112.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.97 112.75 Td (production ) Tj ET Q q 0 0 0 rg BT 358.65 112.75 Td (and ) Tj ET Q q 0 0 0 rg BT 378.33 112.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 419.66 112.75 Td (which ) Tj ET Q q 0 0 0 rg BT 448.22 112.75 Td (is ) Tj ET Q q 0 0 0 rg BT 458.43 112.75 Td (either ) Tj ET Q q 0 0 0 rg BT 486.43 112.75 Td (not ) Tj ET Q q 0 0 0 rg BT 503.32 112.75 Td (required ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (to ) Tj ET Q q 0 0 0 rg BT 82.07 100.75 Td (be ) Tj ET Q q 0 0 0 rg BT 94.93 100.75 Td (included ) Tj ET Q q 0 0 0 rg BT 133.91 100.75 Td (or ) Tj ET Q q 0 0 0 rg BT 144.54 100.75 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 190.19 100.75 Td (under ) Tj ET Q q 0 0 0 rg BT 217.50 100.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 240.90 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 250.98 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 266.61 100.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 288.90 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 307.32 100.75 Td (practices ) Tj ET Q q 0 0 0 rg BT 349.07 100.75 Td (in ) Tj ET Q q 0 0 0 rg BT 358.58 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 374.22 100.75 Td (United ) Tj ET Q q 0 0 0 rg BT 404.86 100.75 Td (States. ) Tj ET Q q 0 0 0 rg BT 437.72 100.75 Td (W) Tj ET Q q 0 0 0 rg BT 446.97 100.75 Td (e ) Tj ET Q q 0 0 0 rg BT 454.27 100.75 Td (follow ) Tj ET Q q 0 0 0 rg BT 481.57 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.20 100.75 Td (Canadian ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (practice ) Tj ET Q q 0 0 0 rg BT 109.28 88.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.88 88.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 161.61 88.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 188.32 88.75 Td (production ) Tj ET Q q 0 0 0 rg BT 237.28 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 256.23 88.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 291.83 88.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 331.33 88.75 Td (\(before ) Tj ET Q q 0 0 0 rg BT 365.28 88.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 410.91 88.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.51 88.75 Td (Crown ) Tj ET Q q 0 0 0 rg BT 452.67 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 471.61 88.75 Td (other ) Tj ET Q q 0 0 0 rg BT 496.67 88.75 Td (royalties\); ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 76.75 Td (however) Tj ET Q q 0 0 0 rg BT 109.25 76.75 Td (, ) Tj ET Q q 0 0 0 rg BT 114.63 76.75 Td (we ) Tj ET Q q 0 0 0 rg BT 130.01 76.75 Td (also ) Tj ET Q q 0 0 0 rg BT 150.96 76.75 Td (follow ) Tj ET Q q 0 0 0 rg BT 179.13 76.75 Td (the ) Tj ET Q q 0 0 0 rg BT 195.64 76.75 Td (United ) Tj ET Q q 0 0 0 rg BT 227.15 76.75 Td (States ) Tj ET Q q 0 0 0 rg BT 258.10 76.75 Td (practice ) Tj ET Q q 0 0 0 rg BT 295.72 76.75 Td (of ) Tj ET Q q 0 0 0 rg BT 306.66 76.75 Td (separately ) Tj ET Q q 0 0 0 rg BT 355.40 76.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 397.47 76.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 438.42 76.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 478.26 76.75 Td (on ) Tj ET Q q 0 0 0 rg BT 491.99 76.75 Td (a ) Tj ET Q q 0 0 0 rg BT 500.15 76.75 Td (net ) Tj ET Q q 0 0 0 rg BT 516.66 76.75 Td (basis ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I58 Do Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (41) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (\(after ) Tj ET Q q 0 0 0 rg BT 97.12 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 112.80 712.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 157.95 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 168.08 712.75 Td (royalties ) Tj ET Q q 0 0 0 rg BT 207.09 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.56 712.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 256.23 712.75 Td (payments\). ) Tj ET Q q 0 0 0 rg BT 307.47 712.75 Td (W) Tj ET Q q 0 0 0 rg BT 316.73 712.75 Td (e ) Tj ET Q q 0 0 0 rg BT 324.07 712.75 Td (also ) Tj ET Q q 0 0 0 rg BT 344.20 712.75 Td (follow ) Tj ET Q q 0 0 0 rg BT 371.54 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 387.23 712.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 431.82 712.75 Td (practice ) Tj ET Q q 0 0 0 rg BT 468.62 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 478.74 712.75 Td (using ) Tj ET Q q 0 0 0 rg BT 504.43 712.75 Td (forecast ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 101.52 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 121.05 700.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 147.24 700.75 Td (when ) Tj ET Q q 0 0 0 rg BT 174.00 700.75 Td (we ) Tj ET Q q 0 0 0 rg BT 189.63 700.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 230.27 700.75 Td (our ) Tj ET Q q 0 0 0 rg BT 247.57 700.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 291.54 700.75 Td (whereas ) Tj ET Q q 0 0 0 rg BT 332.18 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.93 700.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 372.34 700.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 396.87 700.75 Td (require ) Tj ET Q q 0 0 0 rg BT 430.84 700.75 Td (that ) Tj ET Q q 0 0 0 rg BT 450.37 700.75 Td (a ) Tj ET Q q 0 0 0 rg BT 458.78 700.75 Td (12-month ) Tj ET Q q 0 0 0 rg BT 503.87 700.75 Td (average ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (price, ) Tj ET Q q 0 0 0 rg BT 99.74 688.75 Td (calculated ) Tj ET Q q 0 0 0 rg BT 148.06 688.75 Td (as ) Tj ET Q q 0 0 0 rg BT 161.91 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.10 688.75 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 233.55 688.75 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 280.18 688.75 Td (average ) Tj ET Q q 0 0 0 rg BT 319.61 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 331.24 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.43 688.75 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 447.30 688.75 Td (price ) Tj ET Q q 0 0 0 rg BT 472.27 688.75 Td (for ) Tj ET Q q 0 0 0 rg BT 487.23 688.75 Td (each ) Tj ET Q q 0 0 0 rg BT 512.20 688.75 Td (month ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (within ) Tj ET Q q 0 0 0 rg BT 100.34 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.02 676.75 Td (12-month ) Tj ET Q q 0 0 0 rg BT 162.05 676.75 Td (period ) Tj ET Q q 0 0 0 rg BT 192.63 676.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 215.41 676.75 Td (to ) Tj ET Q q 0 0 0 rg BT 226.53 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.21 676.75 Td (end ) Tj ET Q q 0 0 0 rg BT 262.67 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 273.79 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 290.47 676.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 332.71 676.75 Td (period, ) Tj ET Q q 0 0 0 rg BT 366.07 676.75 Td (be ) Tj ET Q q 0 0 0 rg BT 379.97 676.75 Td (utilized.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 655.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.65 655.75 Td (have ) Tj ET Q q 0 0 0 rg BT 114.16 655.75 Td (included ) Tj ET Q q 0 0 0 rg BT 154.23 655.75 Td (in ) Tj ET Q q 0 0 0 rg BT 164.84 655.75 Td (this ) Tj ET Q q 0 0 0 rg BT 182.67 655.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 216.63 655.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 269.48 655.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 295.64 655.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 341.25 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 352.42 655.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 385.82 655.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 426.99 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 446.50 655.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 479.90 655.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 501.08 655.75 Td (probable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 115.65 643.75 Td (Probable ) Tj ET Q q 0 0 0 rg BT 158.21 643.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 199.09 643.75 Td (have ) Tj ET Q q 0 0 0 rg BT 223.31 643.75 Td (a ) Tj ET Q q 0 0 0 rg BT 231.40 643.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 257.83 643.75 Td (certainty ) Tj ET Q q 0 0 0 rg BT 298.15 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 309.02 643.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 349.90 643.75 Td (than ) Tj ET Q q 0 0 0 rg BT 371.89 643.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 405.00 643.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 448.49 643.75 Td (The ) Tj ET Q q 0 0 0 rg BT 468.25 643.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 491.35 643.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 530.00 643.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.13 631.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 107.71 631.75 Td (issuers ) Tj ET Q q 0 0 0 rg BT 140.83 631.75 Td (in ) Tj ET Q q 0 0 0 rg BT 150.07 631.75 Td (their ) Tj ET Q q 0 0 0 rg BT 170.97 631.75 Td (filings ) Tj ET Q q 0 0 0 rg BT 197.99 631.75 Td (with ) Tj ET Q q 0 0 0 rg BT 217.22 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 232.57 631.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 254.58 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 264.37 631.75 Td (disclose ) Tj ET Q q 0 0 0 rg BT 301.95 631.75 Td (only ) Tj ET Q q 0 0 0 rg BT 321.75 631.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 353.77 631.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 393.57 631.75 Td (but ) Tj ET Q q 0 0 0 rg BT 408.92 631.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 443.15 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.50 631.75 Td (optional ) Tj ET Q q 0 0 0 rg BT 494.98 631.75 Td (disclosure ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 84.34 619.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 127.26 619.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 172.12 619.75 Td (The ) Tj ET Q q 0 0 0 rg BT 193.35 619.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 217.91 619.75 Td (definitions ) Tj ET Q q 0 0 0 rg BT 266.93 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 279.27 619.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 313.85 619.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 356.19 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.87 619.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 419.79 619.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 462.13 619.75 Td (are ) Tj ET Q q 0 0 0 rg BT 480.58 619.75 Td (dif) Tj ET Q q 0 0 0 rg BT 490.97 619.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 520.53 619.75 Td (than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (NI51-101; ) Tj ET Q q 0 0 0 rg BT 124.39 607.75 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 172.88 607.75 Td (proved, ) Tj ET Q q 0 0 0 rg BT 211.93 607.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 256.54 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 278.92 607.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 315.19 607.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 339.23 607.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 383.84 607.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 427.88 607.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 475.26 607.75 Td (in ) Tj ET Q q 0 0 0 rg BT 488.74 607.75 Td (this ) Tj ET Q q 0 0 0 rg BT 508.86 607.75 Td (Annual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 124.80 595.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 150.91 595.75 Td (may ) Tj ET Q q 0 0 0 rg BT 172.58 595.75 Td (not ) Tj ET Q q 0 0 0 rg BT 189.26 595.75 Td (be ) Tj ET Q q 0 0 0 rg BT 203.16 595.75 Td (comparable ) Tj ET Q q 0 0 0 rg BT 258.19 595.75 Td (to ) Tj ET Q q 0 0 0 rg BT 269.31 595.75 Td (United ) Tj ET Q q 0 0 0 rg BT 300.99 595.75 Td (States ) Tj ET Q q 0 0 0 rg BT 332.12 595.75 Td (standards.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td (As ) Tj ET Q q 0 0 0 rg BT 85.28 574.75 Td (a ) Tj ET Q q 0 0 0 rg BT 92.46 574.75 Td (consequence ) Tj ET Q q 0 0 0 rg BT 153.56 574.75 Td (of ) Tj ET Q q 0 0 0 rg BT 163.51 574.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.02 574.75 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 225.11 574.75 Td (our ) Tj ET Q q 0 0 0 rg BT 241.18 574.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 281.13 574.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 325.54 574.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.84 574.75 Td (production ) Tj ET Q q 0 0 0 rg BT 392.15 574.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 431.00 574.75 Td (in ) Tj ET Q q 0 0 0 rg BT 440.39 574.75 Td (this ) Tj ET Q q 0 0 0 rg BT 457.24 574.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 489.99 574.75 Td (Information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 98.00 562.75 Td (may ) Tj ET Q q 0 0 0 rg BT 119.55 562.75 Td (not ) Tj ET Q q 0 0 0 rg BT 136.12 562.75 Td (be ) Tj ET Q q 0 0 0 rg BT 149.91 562.75 Td (comparable ) Tj ET Q q 0 0 0 rg BT 204.82 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 215.83 562.75 Td (those ) Tj ET Q q 0 0 0 rg BT 242.96 562.75 Td (made ) Tj ET Q q 0 0 0 rg BT 270.64 562.75 Td (by ) Tj ET Q q 0 0 0 rg BT 283.87 562.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 334.89 562.75 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 370.91 562.75 Td (United ) Tj ET Q q 0 0 0 rg BT 402.48 562.75 Td (States ) Tj ET Q q 0 0 0 rg BT 433.49 562.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 475.63 562.75 Td (and ) Tj ET Q q 0 0 0 rg BT 494.98 562.75 Td (disclosure ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (standards.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (There ) Tj ET Q q 0 0 0 rg BT 102.01 529.75 Td (is ) Tj ET Q q 0 0 0 rg BT 113.13 529.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 163.13 529.75 Td (taxation ) Tj ET Q q 0 0 0 rg BT 204.25 529.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 255.93 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 268.15 529.75 Td (non-residents) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 508.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 508.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 90.23 508.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 137.38 508.75 Td (in ) Tj ET Q q 0 0 0 rg BT 147.83 508.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 185.54 508.75 Td (may ) Tj ET Q q 0 0 0 rg BT 207.10 508.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 242.01 508.75 Td (withholding ) Tj ET Q q 0 0 0 rg BT 294.72 508.75 Td (or ) Tj ET Q q 0 0 0 rg BT 306.28 508.75 Td (other ) Tj ET Q q 0 0 0 rg BT 331.74 508.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 358.32 508.75 Td (on ) Tj ET Q q 0 0 0 rg BT 372.11 508.75 Td (the ) Tj ET Q q 0 0 0 rg BT 388.69 508.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.48 508.75 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 460.18 508.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 486.20 508.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 531.12 508.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 496.75 Td (other ) Tj ET Q q 0 0 0 rg BT 97.21 496.75 Td (property ) Tj ET Q q 0 0 0 rg BT 136.31 496.75 Td (transferred ) Tj ET Q q 0 0 0 rg BT 187.08 496.75 Td (by ) Tj ET Q q 0 0 0 rg BT 200.06 496.75 Td (us ) Tj ET Q q 0 0 0 rg BT 213.04 496.75 Td (to ) Tj ET Q q 0 0 0 rg BT 223.79 496.75 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 281.80 496.75 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 344.65 496.75 Td (These ) Tj ET Q q 0 0 0 rg BT 374.86 496.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 401.17 496.75 Td (may ) Tj ET Q q 0 0 0 rg BT 422.48 496.75 Td (be ) Tj ET Q q 0 0 0 rg BT 436.02 496.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 474.57 496.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 515.91 496.75 Td (to ) Tj ET Q q 0 0 0 rg BT 526.66 496.75 Td (tax ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 484.75 Td (treaties ) Tj ET Q q 0 0 0 rg BT 107.08 484.75 Td (between ) Tj ET Q q 0 0 0 rg BT 147.18 484.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 184.50 484.75 Td (and ) Tj ET Q q 0 0 0 rg BT 203.47 484.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.67 484.75 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 277.55 484.75 Td (shareholder's ) Tj ET Q q 0 0 0 rg BT 339.56 484.75 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 389.09 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 399.72 484.75 Td (residence. ) Tj ET Q q 0 0 0 rg BT 448.15 484.75 Td (Evidence ) Tj ET Q q 0 0 0 rg BT 491.58 484.75 Td (of ) Tj ET Q q 0 0 0 rg BT 502.21 484.75 Td (eligibility ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 472.75 Td (for ) Tj ET Q q 0 0 0 rg BT 86.90 472.75 Td (a ) Tj ET Q q 0 0 0 rg BT 95.69 472.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 135.05 472.75 Td (withholding ) Tj ET Q q 0 0 0 rg BT 188.32 472.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 208.78 472.75 Td (must ) Tj ET Q q 0 0 0 rg BT 233.68 472.75 Td (be ) Tj ET Q q 0 0 0 rg BT 248.03 472.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 269.60 472.75 Td (by ) Tj ET Q q 0 0 0 rg BT 283.39 472.75 Td (the ) Tj ET Q q 0 0 0 rg BT 300.52 472.75 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 359.34 472.75 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 415.38 472.75 Td (in ) Tj ET Q q 0 0 0 rg BT 426.39 472.75 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 476.31 472.75 Td (form ) Tj ET Q q 0 0 0 rg BT 499.54 472.75 Td (with ) Tj ET Q q 0 0 0 rg BT 520.55 472.75 Td (their ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (broker ) Tj ET Q q 0 0 0 rg BT 103.03 460.75 Td (\(or ) Tj ET Q q 0 0 0 rg BT 117.94 460.75 Td (in ) Tj ET Q q 0 0 0 rg BT 128.40 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 144.99 460.75 Td (case ) Tj ET Q q 0 0 0 rg BT 168.80 460.75 Td (of ) Tj ET Q q 0 0 0 rg BT 179.82 460.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 226.97 460.75 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 290.25 460.75 Td (with ) Tj ET Q q 0 0 0 rg BT 310.72 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.30 460.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 363.89 460.75 Td (agent\). ) Tj ET Q q 0 0 0 rg BT 397.71 460.75 Td ( ) Tj ET Q q 0 0 0 rg BT 400.39 460.75 Td (In ) Tj ET Q q 0 0 0 rg BT 411.42 460.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 451.91 460.75 Td (the ) Tj ET Q q 0 0 0 rg BT 468.49 460.75 Td (country ) Tj ET Q q 0 0 0 rg BT 503.97 460.75 Td (in ) Tj ET Q q 0 0 0 rg BT 514.44 460.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.19 448.75 Td (non-resident ) Tj ET Q q 0 0 0 rg BT 146.07 448.75 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 201.17 448.75 Td (is ) Tj ET Q q 0 0 0 rg BT 210.67 448.75 Td (resident ) Tj ET Q q 0 0 0 rg BT 248.54 448.75 Td (may ) Tj ET Q q 0 0 0 rg BT 269.72 448.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 304.24 448.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 349.34 448.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 375.53 448.75 Td (on ) Tj ET Q q 0 0 0 rg BT 388.94 448.75 Td (such ) Tj ET Q q 0 0 0 rg BT 412.35 448.75 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 459.21 448.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 478.73 448.75 Td (of ) Tj ET Q q 0 0 0 rg BT 489.36 448.75 Td (these ) Tj ET Q q 0 0 0 rg BT 516.11 448.75 Td (taxes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (may ) Tj ET Q q 0 0 0 rg BT 93.67 436.75 Td (change ) Tj ET Q q 0 0 0 rg BT 129.26 436.75 Td (from ) Tj ET Q q 0 0 0 rg BT 152.03 436.75 Td (time ) Tj ET Q q 0 0 0 rg BT 173.70 436.75 Td (to ) Tj ET Q q 0 0 0 rg BT 184.82 436.75 Td (time.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I59 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 247.90 403.75 Td (INDUSTR) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 291.97 403.75 Td (Y) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 298.46 403.75 Td ( CONDITIONS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 379.75 Td (Companies ) Tj ET Q q 0 0 0 rg BT 125.43 379.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.97 379.75 Td (in ) Tj ET Q q 0 0 0 rg BT 180.60 379.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.34 379.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 210.19 379.75 Td (and ) Tj ET Q q 0 0 0 rg BT 229.72 379.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 263.14 379.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.11 379.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 319.97 379.75 Td (are ) Tj ET Q q 0 0 0 rg BT 337.27 379.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 371.80 379.75 Td (to ) Tj ET Q q 0 0 0 rg BT 382.98 379.75 Td (extensive ) Tj ET Q q 0 0 0 rg BT 428.07 379.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 465.93 379.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.46 379.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 532.23 379.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 107.46 367.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.47 367.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 167.84 367.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 213.31 367.75 Td (land ) Tj ET Q q 0 0 0 rg BT 234.89 367.75 Td (tenure, ) Tj ET Q q 0 0 0 rg BT 268.69 367.75 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 323.06 367.75 Td (development, ) Tj ET Q q 0 0 0 rg BT 385.77 367.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 437.92 367.75 Td (refining ) Tj ET Q q 0 0 0 rg BT 473.39 367.75 Td (and ) Tj ET Q q 0 0 0 rg BT 492.74 367.75 Td (upgrading, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 355.75 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 139.17 355.75 Td (and ) Tj ET Q q 0 0 0 rg BT 159.09 355.75 Td (marketing\) ) Tj ET Q q 0 0 0 rg BT 209.57 355.75 Td (as ) Tj ET Q q 0 0 0 rg BT 223.38 355.75 Td (a ) Tj ET Q q 0 0 0 rg BT 232.18 355.75 Td (result ) Tj ET Q q 0 0 0 rg BT 259.88 355.75 Td (of ) Tj ET Q q 0 0 0 rg BT 271.46 355.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 319.17 355.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 358.00 355.75 Td (by ) Tj ET Q q 0 0 0 rg BT 371.80 355.75 Td (various ) Tj ET Q q 0 0 0 rg BT 407.28 355.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 436.09 355.75 Td (of ) Tj ET Q q 0 0 0 rg BT 447.67 355.75 Td (government. ) Tj ET Q q 0 0 0 rg BT 506.50 355.75 Td ( ) Tj ET Q q 0 0 0 rg BT 509.53 355.75 Td (The ) Tj ET Q q 0 0 0 rg BT 530.01 355.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.94 343.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 109.31 343.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 146.58 343.75 Td (is ) Tj ET Q q 0 0 0 rg BT 156.05 343.75 Td (also ) Tj ET Q q 0 0 0 rg BT 176.65 343.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 210.58 343.75 Td (to ) Tj ET Q q 0 0 0 rg BT 221.18 343.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 276.24 343.75 Td (among ) Tj ET Q q 0 0 0 rg BT 309.06 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.22 343.75 Td (governments ) Tj ET Q q 0 0 0 rg BT 385.28 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 395.87 343.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 435.48 343.75 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 472.20 343.75 Td (Saskatchewan, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.31 331.75 Td (United ) Tj ET Q q 0 0 0 rg BT 119.63 331.75 Td (States ) Tj ET Q q 0 0 0 rg BT 150.38 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 169.32 331.75 Td (T) Tj ET Q q 0 0 0 rg BT 174.32 331.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 197.85 331.75 Td (with ) Tj ET Q q 0 0 0 rg BT 218.05 331.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 253.25 331.75 Td (to ) Tj ET Q q 0 0 0 rg BT 264.00 331.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 295.86 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.96 331.75 Td (taxation ) Tj ET Q q 0 0 0 rg BT 352.39 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 363.14 331.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 375.56 331.75 Td (and ) Tj ET Q q 0 0 0 rg BT 394.65 331.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 427.63 331.75 Td (gas. ) Tj ET Q q 0 0 0 rg BT 448.47 331.75 Td (All ) Tj ET Q q 0 0 0 rg BT 461.99 331.75 Td (current ) Tj ET Q q 0 0 0 rg BT 495.52 331.75 Td (legislation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (is ) Tj ET Q q 0 0 0 rg BT 81.81 319.75 Td (a ) Tj ET Q q 0 0 0 rg BT 89.97 319.75 Td (matter ) Tj ET Q q 0 0 0 rg BT 120.90 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 131.83 319.75 Td (public ) Tj ET Q q 0 0 0 rg BT 160.55 319.75 Td (record ) Tj ET Q q 0 0 0 rg BT 191.48 319.75 Td (and ) Tj ET Q q 0 0 0 rg BT 210.76 319.75 Td (we ) Tj ET Q q 0 0 0 rg BT 226.13 319.75 Td (are ) Tj ET Q q 0 0 0 rg BT 243.18 319.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 275.80 319.75 Td (to ) Tj ET Q q 0 0 0 rg BT 286.73 319.75 Td (predict ) Tj ET Q q 0 0 0 rg BT 319.34 319.75 Td (what ) Tj ET Q q 0 0 0 rg BT 343.05 319.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 388.45 319.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 435.52 319.75 Td (or ) Tj ET Q q 0 0 0 rg BT 447.00 319.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 507.40 319.75 Td (may ) Tj ET Q q 0 0 0 rg BT 528.88 319.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (enacted. ) Tj ET Q q 0 0 0 rg BT 114.61 307.75 Td ( ) Tj ET Q q 0 0 0 rg BT 118.85 307.75 Td (Outlined ) Tj ET Q q 0 0 0 rg BT 160.34 307.75 Td (below ) Tj ET Q q 0 0 0 rg BT 190.71 307.75 Td (are ) Tj ET Q q 0 0 0 rg BT 209.41 307.75 Td (some ) Tj ET Q q 0 0 0 rg BT 238.10 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 250.69 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 268.83 307.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 310.32 307.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 349.02 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 361.60 307.75 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 413.10 307.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 466.26 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 487.19 307.75 Td (agreements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 118.70 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 135.38 295.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 148.16 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 167.63 295.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 186.53 295.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 224.32 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 234.88 295.75 Td (western ) Tj ET Q q 0 0 0 rg BT 272.67 295.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 310.48 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 329.94 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 346.62 295.75 Td (United ) Tj ET Q q 0 0 0 rg BT 378.31 295.75 Td (States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 108.67 274.75 Td (and ) Tj ET Q q 0 0 0 rg BT 129.23 274.75 Td (Marketing) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (Oil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 232.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.38 232.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 121.44 232.75 Td (and ) Tj ET Q q 0 0 0 rg BT 141.17 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.11 232.75 Td (United ) Tj ET Q q 0 0 0 rg BT 190.05 232.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 224.21 232.75 Td (producers ) Tj ET Q q 0 0 0 rg BT 271.72 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 283.10 232.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 296.14 232.75 Td (are ) Tj ET Q q 0 0 0 rg BT 313.63 232.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 348.91 232.75 Td (to ) Tj ET Q q 0 0 0 rg BT 360.29 232.75 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 404.48 232.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 430.86 232.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 474.47 232.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 509.18 232.75 Td (with ) Tj ET Q q 0 0 0 rg BT 530.00 232.75 Td (oil ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 220.75 Td (purchasers. ) Tj ET Q q 0 0 0 rg BT 126.84 220.75 Td ( ) Tj ET Q q 0 0 0 rg BT 129.43 220.75 Td (W) Tj ET Q q 0 0 0 rg BT 138.69 220.75 Td (orldwide ) Tj ET Q q 0 0 0 rg BT 178.53 220.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 210.03 220.75 Td (and ) Tj ET Q q 0 0 0 rg BT 229.30 220.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 268.04 220.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 300.64 220.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 341.01 220.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 388.07 220.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 400.67 220.75 Td (prices; ) Tj ET Q q 0 0 0 rg BT 432.72 220.75 Td (however) Tj ET Q q 0 0 0 rg BT 469.96 220.75 Td (, ) Tj ET Q q 0 0 0 rg BT 475.34 220.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 504.61 220.75 Td (are ) Tj ET Q q 0 0 0 rg BT 521.65 220.75 Td (also ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 208.75 Td (influenced ) Tj ET Q q 0 0 0 rg BT 120.36 208.75 Td (by ) Tj ET Q q 0 0 0 rg BT 133.68 208.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 172.03 208.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 210.35 208.75 Td (and ) Tj ET Q q 0 0 0 rg BT 229.80 208.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 293.71 208.75 Td (issues. ) Tj ET Q q 0 0 0 rg BT 327.60 208.75 Td ( ) Tj ET Q q 0 0 0 rg BT 330.19 208.75 Td (The ) Tj ET Q q 0 0 0 rg BT 350.18 208.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 386.29 208.75 Td (price ) Tj ET Q q 0 0 0 rg BT 410.73 208.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 451.87 208.75 Td (in ) Tj ET Q q 0 0 0 rg BT 462.41 208.75 Td (part ) Tj ET Q q 0 0 0 rg BT 482.41 208.75 Td (on ) Tj ET Q q 0 0 0 rg BT 496.30 208.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 509.07 208.75 Td (quality) Tj ET Q q 0 0 0 rg BT 537.23 208.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 196.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 102.09 196.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.84 196.75 Td (competing ) Tj ET Q q 0 0 0 rg BT 163.39 196.75 Td (fuels, ) Tj ET Q q 0 0 0 rg BT 190.70 196.75 Td (distance ) Tj ET Q q 0 0 0 rg BT 231.36 196.75 Td (to ) Tj ET Q q 0 0 0 rg BT 243.11 196.75 Td (market, ) Tj ET Q q 0 0 0 rg BT 279.86 196.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 329.41 196.75 Td (of ) Tj ET Q q 0 0 0 rg BT 341.16 196.75 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 408.49 196.75 Td (value ) Tj ET Q q 0 0 0 rg BT 435.81 196.75 Td (of ) Tj ET Q q 0 0 0 rg BT 447.56 196.75 Td (refined ) Tj ET Q q 0 0 0 rg BT 481.55 196.75 Td (products, ) Tj ET Q q 0 0 0 rg BT 526.10 196.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (supply/demand ) Tj ET Q q 0 0 0 rg BT 142.60 184.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 180.41 184.75 Td (and ) Tj ET Q q 0 0 0 rg BT 199.87 184.75 Td (contractual ) Tj ET Q q 0 0 0 rg BT 251.57 184.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 279.34 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 290.46 184.75 Td (sale. ) Tj ET Q q 0 0 0 rg BT 314.36 184.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 163.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 86.67 163.75 Td (can ) Tj ET Q q 0 0 0 rg BT 105.24 163.75 Td (be ) Tj ET Q q 0 0 0 rg BT 118.81 163.75 Td (exported ) Tj ET Q q 0 0 0 rg BT 160.17 163.75 Td (from ) Tj ET Q q 0 0 0 rg BT 182.62 163.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 220.10 163.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 260.90 163.75 Td (that ) Tj ET Q q 0 0 0 rg BT 280.03 163.75 Td (an ) Tj ET Q q 0 0 0 rg BT 293.60 163.75 Td (order ) Tj ET Q q 0 0 0 rg BT 319.39 163.75 Td (approving ) Tj ET Q q 0 0 0 rg BT 365.76 163.75 Td (such ) Tj ET Q q 0 0 0 rg BT 389.33 163.75 Td (export ) Tj ET Q q 0 0 0 rg BT 419.57 163.75 Td (has ) Tj ET Q q 0 0 0 rg BT 438.14 163.75 Td (been ) Tj ET Q q 0 0 0 rg BT 462.83 163.75 Td (obtained ) Tj ET Q q 0 0 0 rg BT 503.65 163.75 Td (from ) Tj ET Q q 0 0 0 rg BT 526.10 163.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 151.75 Td (National ) Tj ET Q q 0 0 0 rg BT 110.95 151.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 144.89 151.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 173.83 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 184.43 151.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 221.71 151.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 241.20 151.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.75 151.75 Td (NEB) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.87 151.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 275.00 151.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.95 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.10 151.75 Td (term ) Tj ET Q q 0 0 0 rg BT 332.36 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 342.96 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.12 151.75 Td (export ) Tj ET Q q 0 0 0 rg BT 389.17 151.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 427.00 151.75 Td (does ) Tj ET Q q 0 0 0 rg BT 450.94 151.75 Td (not ) Tj ET Q q 0 0 0 rg BT 467.10 151.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 501.60 151.75 Td (one ) Tj ET Q q 0 0 0 rg BT 520.54 151.75 Td (year ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 139.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.02 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.16 139.75 Td (case ) Tj ET Q q 0 0 0 rg BT 124.53 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 136.11 139.75 Td (light ) Tj ET Q q 0 0 0 rg BT 157.69 139.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 185.95 139.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 199.19 139.75 Td (and ) Tj ET Q q 0 0 0 rg BT 219.11 139.75 Td (two ) Tj ET Q q 0 0 0 rg BT 237.92 139.75 Td (years ) Tj ET Q q 0 0 0 rg BT 265.61 139.75 Td (in ) Tj ET Q q 0 0 0 rg BT 276.63 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 293.77 139.75 Td (case ) Tj ET Q q 0 0 0 rg BT 318.14 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 329.71 139.75 Td (heavy ) Tj ET Q q 0 0 0 rg BT 359.64 139.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 387.89 139.75 Td (oil. ) Tj ET Q q 0 0 0 rg BT 403.92 139.75 Td ( ) Tj ET Q q 0 0 0 rg BT 406.51 139.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 426.98 139.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 473.04 139.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 486.28 139.75 Td (export ) Tj ET Q q 0 0 0 rg BT 517.31 139.75 Td (to ) Tj ET Q q 0 0 0 rg BT 528.89 139.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 127.75 Td (made ) Tj ET Q q 0 0 0 rg BT 100.07 127.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 142.04 127.75 Td (to ) Tj ET Q q 0 0 0 rg BT 153.44 127.75 Td (a ) Tj ET Q q 0 0 0 rg BT 162.05 127.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 200.68 127.75 Td (of ) Tj ET Q q 0 0 0 rg BT 212.07 127.75 Td (longer ) Tj ET Q q 0 0 0 rg BT 242.93 127.75 Td (duration ) Tj ET Q q 0 0 0 rg BT 282.12 127.75 Td (\(to ) Tj ET Q q 0 0 0 rg BT 296.85 127.75 Td (a ) Tj ET Q q 0 0 0 rg BT 305.46 127.75 Td (maximum ) Tj ET Q q 0 0 0 rg BT 351.85 127.75 Td (of ) Tj ET Q q 0 0 0 rg BT 363.25 127.75 Td (25 ) Tj ET Q q 0 0 0 rg BT 377.43 127.75 Td (years\) ) Tj ET Q q 0 0 0 rg BT 408.26 127.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 447.45 127.75 Td (an ) Tj ET Q q 0 0 0 rg BT 461.63 127.75 Td (exporter ) Tj ET Q q 0 0 0 rg BT 501.36 127.75 Td (to ) Tj ET Q q 0 0 0 rg BT 512.76 127.75 Td (obtain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 115.75 Td (an ) Tj ET Q q 0 0 0 rg BT 86.54 115.75 Td (export ) Tj ET Q q 0 0 0 rg BT 117.76 115.75 Td (license ) Tj ET Q q 0 0 0 rg BT 152.31 115.75 Td (from ) Tj ET Q q 0 0 0 rg BT 175.73 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.05 115.75 Td (NEB. ) Tj ET Q q 0 0 0 rg BT 219.81 115.75 Td ( ) Tj ET Q q 0 0 0 rg BT 223.23 115.75 Td ( ) Tj ET Q q 0 0 0 rg BT 226.66 115.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 242.30 115.75 Td (exports ) Tj ET Q q 0 0 0 rg BT 278.51 115.75 Td (from ) Tj ET Q q 0 0 0 rg BT 301.94 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.26 115.75 Td (United ) Tj ET Q q 0 0 0 rg BT 351.59 115.75 Td (States ) Tj ET Q q 0 0 0 rg BT 383.36 115.75 Td (are ) Tj ET Q q 0 0 0 rg BT 401.23 115.75 Td (controlled ) Tj ET Q q 0 0 0 rg BT 448.01 115.75 Td (by ) Tj ET Q q 0 0 0 rg BT 461.99 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.32 115.75 Td (United ) Tj ET Q q 0 0 0 rg BT 511.65 115.75 Td (States ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 103.75 Td (Department ) Tj ET Q q 0 0 0 rg BT 128.09 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 140.28 103.75 Td (Commerce. ) Tj ET Q q 0 0 0 rg BT 195.80 103.75 Td ( ) Tj ET Q q 0 0 0 rg BT 199.65 103.75 Td (However) Tj ET Q q 0 0 0 rg BT 238.55 103.75 Td (, ) Tj ET Q q 0 0 0 rg BT 245.18 103.75 Td (since ) Tj ET Q q 0 0 0 rg BT 272.37 103.75 Td (December) Tj ET Q q 0 0 0 rg BT 317.94 103.75 Td (, ) Tj ET Q q 0 0 0 rg BT 324.57 103.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 353.44 103.75 Td (only ) Tj ET Q q 0 0 0 rg BT 375.63 103.75 Td (exports ) Tj ET Q q 0 0 0 rg BT 412.27 103.75 Td (to ) Tj ET Q q 0 0 0 rg BT 424.45 103.75 Td (embargoed ) Tj ET Q q 0 0 0 rg BT 478.89 103.75 Td (or ) Tj ET Q q 0 0 0 rg BT 491.63 103.75 Td (sanctioned ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 91.75 Td (countries ) Tj ET Q q 0 0 0 rg BT 115.35 91.75 Td (require ) Tj ET Q q 0 0 0 rg BT 149.26 91.75 Td (authorization ) Tj ET Q q 0 0 0 rg BT 209.30 91.75 Td (from ) Tj ET Q q 0 0 0 rg BT 232.08 91.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.76 91.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 270.98 91.75 Td (Department ) Tj ET Q q 0 0 0 rg BT 326.01 91.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.13 91.75 Td (Commerce.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.31 712.75 Td (an ) Tj ET Q q 0 0 0 rg BT 97.41 712.75 Td (ef) Tj ET Q q 0 0 0 rg BT 105.57 712.75 Td (fort ) Tj ET Q q 0 0 0 rg BT 123.00 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 134.31 712.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 175.08 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 191.96 712.75 Td (price ) Tj ET Q q 0 0 0 rg BT 216.61 712.75 Td (for ) Tj ET Q q 0 0 0 rg BT 231.25 712.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 259.24 712.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 272.22 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 291.88 712.75 Td (bitumen ) Tj ET Q q 0 0 0 rg BT 330.44 712.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 375.11 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 385.28 712.75 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 422.72 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 439.59 712.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 497.59 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.32 712.75 Td (Alberta ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 124.05 700.75 Td (production ) Tj ET Q q 0 0 0 rg BT 173.31 700.75 Td (curtailments ) Tj ET Q q 0 0 0 rg BT 229.77 700.75 Td (which ) Tj ET Q q 0 0 0 rg BT 257.90 700.75 Td (came ) Tj ET Q q 0 0 0 rg BT 284.91 700.75 Td (into ) Tj ET Q q 0 0 0 rg BT 303.59 700.75 Td (ef) Tj ET Q q 0 0 0 rg BT 311.75 700.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 330.43 700.75 Td (on ) Tj ET Q q 0 0 0 rg BT 344.11 700.75 Td (January ) Tj ET Q q 0 0 0 rg BT 382.24 700.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 393.14 700.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 420.56 700.75 Td (The ) Tj ET Q q 0 0 0 rg BT 440.35 700.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 497.93 700.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.32 700.75 Td (Alberta ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 92.59 688.75 Td (a ) Tj ET Q q 0 0 0 rg BT 100.40 688.75 Td (target ) Tj ET Q q 0 0 0 rg BT 128.22 688.75 Td (as ) Tj ET Q q 0 0 0 rg BT 141.03 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 151.62 688.75 Td (how ) Tj ET Q q 0 0 0 rg BT 172.21 688.75 Td (much ) Tj ET Q q 0 0 0 rg BT 198.92 688.75 Td (total ) Tj ET Q q 0 0 0 rg BT 220.07 688.75 Td (production ) Tj ET Q q 0 0 0 rg BT 269.01 688.75 Td (it ) Tj ET Q q 0 0 0 rg BT 276.26 688.75 Td (wants ) Tj ET Q q 0 0 0 rg BT 304.63 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 315.22 688.75 Td (occur ) Tj ET Q q 0 0 0 rg BT 341.93 688.75 Td (each ) Tj ET Q q 0 0 0 rg BT 365.86 688.75 Td (month ) Tj ET Q q 0 0 0 rg BT 395.90 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.83 688.75 Td (then ) Tj ET Q q 0 0 0 rg BT 436.55 688.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 476.59 688.75 Td (each ) Tj ET Q q 0 0 0 rg BT 500.53 688.75 Td (producer ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (a ) Tj ET Q q 0 0 0 rg BT 79.32 676.75 Td (production ) Tj ET Q q 0 0 0 rg BT 127.78 676.75 Td (allocation ) Tj ET Q q 0 0 0 rg BT 171.79 676.75 Td (that ) Tj ET Q q 0 0 0 rg BT 190.22 676.75 Td (is ) Tj ET Q q 0 0 0 rg BT 199.20 676.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 250.99 676.75 Td (in ) Tj ET Q q 0 0 0 rg BT 260.53 676.75 Td (part ) Tj ET Q q 0 0 0 rg BT 279.52 676.75 Td (based ) Tj ET Q q 0 0 0 rg BT 308.53 676.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 332.53 676.75 Td (each ) Tj ET Q q 0 0 0 rg BT 355.98 676.75 Td (producer's ) Tj ET Q q 0 0 0 rg BT 404.11 676.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 425.87 676.75 Td (year ) Tj ET Q q 0 0 0 rg BT 447.08 676.75 Td (production ) Tj ET Q q 0 0 0 rg BT 495.54 676.75 Td (measured ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (over ) Tj ET Q q 0 0 0 rg BT 93.85 664.75 Td (a ) Tj ET Q q 0 0 0 rg BT 101.81 664.75 Td (one ) Tj ET Q q 0 0 0 rg BT 120.89 664.75 Td (month ) Tj ET Q q 0 0 0 rg BT 151.08 664.75 Td (or ) Tj ET Q q 0 0 0 rg BT 162.36 664.75 Td (six ) Tj ET Q q 0 0 0 rg BT 176.98 664.75 Td (month ) Tj ET Q q 0 0 0 rg BT 207.17 664.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 240.14 664.75 Td ( ) Tj ET Q q 0 0 0 rg BT 242.38 664.75 Td (The ) Tj ET Q q 0 0 0 rg BT 262.01 664.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 293.86 664.75 Td (production ) Tj ET Q q 0 0 0 rg BT 342.96 664.75 Td (target ) Tj ET Q q 0 0 0 rg BT 370.93 664.75 Td (was ) Tj ET Q q 0 0 0 rg BT 391.11 664.75 Td (set ) Tj ET Q q 0 0 0 rg BT 406.84 664.75 Td (at ) Tj ET Q q 0 0 0 rg BT 417.58 664.75 Td (3.56 ) Tj ET Q q 0 0 0 rg BT 439.44 664.75 Td (million ) Tj ET Q q 0 0 0 rg BT 470.17 664.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 494.25 664.75 Td (in ) Tj ET Q q 0 0 0 rg BT 504.43 664.75 Td (January ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.97 652.75 Td (was ) Tj ET Q q 0 0 0 rg BT 111.04 652.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 156.69 652.75 Td (to ) Tj ET Q q 0 0 0 rg BT 167.32 652.75 Td (3.63 ) Tj ET Q q 0 0 0 rg BT 189.07 652.75 Td (million ) Tj ET Q q 0 0 0 rg BT 219.70 652.75 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 243.67 652.75 Td (in ) Tj ET Q q 0 0 0 rg BT 253.75 652.75 Td (February) Tj ET Q q 0 0 0 rg BT 293.02 652.75 Td (. ) Tj ET Q q 0 0 0 rg BT 298.09 652.75 Td ( ) Tj ET Q q 0 0 0 rg BT 300.37 652.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 329.90 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 346.09 652.75 Td (current ) Tj ET Q q 0 0 0 rg BT 379.50 652.75 Td (rules, ) Tj ET Q q 0 0 0 rg BT 406.24 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 422.43 652.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 479.75 652.75 Td (of ) Tj ET Q q 0 0 0 rg BT 489.92 652.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 523.89 652.75 Td (has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.00 640.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 128.46 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 138.90 640.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 158.78 640.75 Td (production ) Tj ET Q q 0 0 0 rg BT 207.58 640.75 Td (until ) Tj ET Q q 0 0 0 rg BT 228.03 640.75 Td (December ) Tj ET Q q 0 0 0 rg BT 276.26 640.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 292.26 640.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 319.39 640.75 Td ( ) Tj ET Q q 0 0 0 rg BT 321.49 640.75 Td (It ) Tj ET Q q 0 0 0 rg BT 329.15 640.75 Td (is ) Tj ET Q q 0 0 0 rg BT 338.48 640.75 Td (not ) Tj ET Q q 0 0 0 rg BT 354.48 640.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 386.60 640.75 Td (what ) Tj ET Q q 0 0 0 rg BT 409.82 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 425.83 640.75 Td (quantum ) Tj ET Q q 0 0 0 rg BT 466.84 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 477.29 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 493.29 640.75 Td (production ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 628.75 Td (curtailments ) Tj ET Q q 0 0 0 rg BT 129.86 628.75 Td (will ) Tj ET Q q 0 0 0 rg BT 147.69 628.75 Td (be ) Tj ET Q q 0 0 0 rg BT 162.77 628.75 Td (for ) Tj ET Q q 0 0 0 rg BT 178.39 628.75 Td (the ) Tj ET Q q 0 0 0 rg BT 196.24 628.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 235.22 628.75 Td (of ) Tj ET Q q 0 0 0 rg BT 247.51 628.75 Td (2019, ) Tj ET Q q 0 0 0 rg BT 276.48 628.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 316.01 628.75 Td (there ) Tj ET Q q 0 0 0 rg BT 342.75 628.75 Td (will ) Tj ET Q q 0 0 0 rg BT 360.59 628.75 Td (be ) Tj ET Q q 0 0 0 rg BT 375.66 628.75 Td (further ) Tj ET Q q 0 0 0 rg BT 408.51 628.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 450.27 628.75 Td (to ) Tj ET Q q 0 0 0 rg BT 462.56 628.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.41 628.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 506.04 628.75 Td (used ) Tj ET Q q 0 0 0 rg BT 531.67 628.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 120.48 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 138.40 616.75 Td (production ) Tj ET Q q 0 0 0 rg BT 189.12 616.75 Td (allocations ) Tj ET Q q 0 0 0 rg BT 240.38 616.75 Td (or ) Tj ET Q q 0 0 0 rg BT 253.29 616.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 292.88 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.80 616.75 Td (government ) Tj ET Q q 0 0 0 rg BT 367.62 616.75 Td (will ) Tj ET Q q 0 0 0 rg BT 385.52 616.75 Td (announce ) Tj ET Q q 0 0 0 rg BT 433.47 616.75 Td (new ) Tj ET Q q 0 0 0 rg BT 455.83 616.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 481.52 616.75 Td (to ) Tj ET Q q 0 0 0 rg BT 493.88 616.75 Td (implement ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 604.75 Td (production ) Tj ET Q q 0 0 0 rg BT 121.48 604.75 Td (curtailments ) Tj ET Q q 0 0 0 rg BT 178.16 604.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 213.75 604.75 Td (December ) Tj ET Q q 0 0 0 rg BT 262.65 604.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 279.33 604.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 307.14 604.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 109.23 583.75 Td (Gas) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.01 562.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 120.71 562.75 Td (and ) Tj ET Q q 0 0 0 rg BT 140.07 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 156.64 562.75 Td (United ) Tj ET Q q 0 0 0 rg BT 188.22 562.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 222.02 562.75 Td (producers ) Tj ET Q q 0 0 0 rg BT 269.16 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 280.17 562.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 313.42 562.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 332.21 562.75 Td (are ) Tj ET Q q 0 0 0 rg BT 349.33 562.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 384.25 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 395.26 562.75 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 439.08 562.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 465.10 562.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 508.34 562.75 Td (directly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (with ) Tj ET Q q 0 0 0 rg BT 93.21 550.75 Td (purchasers. ) Tj ET Q q 0 0 0 rg BT 148.89 550.75 Td ( ) Tj ET Q q 0 0 0 rg BT 152.32 550.75 Td (Supply ) Tj ET Q q 0 0 0 rg BT 186.33 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 206.44 550.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 246.01 550.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 293.91 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 311.24 550.75 Td (price ) Tj ET Q q 0 0 0 rg BT 336.35 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 348.12 550.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.13 550.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 404.46 550.75 Td (which ) Tj ET Q q 0 0 0 rg BT 433.45 550.75 Td (is ) Tj ET Q q 0 0 0 rg BT 444.11 550.75 Td (calculated ) Tj ET Q q 0 0 0 rg BT 492.57 550.75 Td (at ) Tj ET Q q 0 0 0 rg BT 504.34 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 521.67 550.75 Td (sale ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 538.75 Td (point, ) Tj ET Q q 0 0 0 rg BT 99.30 538.75 Td (being ) Tj ET Q q 0 0 0 rg BT 126.61 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.35 538.75 Td (wellhead, ) Tj ET Q q 0 0 0 rg BT 188.43 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.17 538.75 Td (outlet ) Tj ET Q q 0 0 0 rg BT 232.47 538.75 Td (of ) Tj ET Q q 0 0 0 rg BT 243.65 538.75 Td (a ) Tj ET Q q 0 0 0 rg BT 252.05 538.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 271.01 538.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 322.21 538.75 Td (plant, ) Tj ET Q q 0 0 0 rg BT 349.51 538.75 Td (on ) Tj ET Q q 0 0 0 rg BT 363.47 538.75 Td (a ) Tj ET Q q 0 0 0 rg BT 371.87 538.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 390.83 538.75 Td (transmission ) Tj ET Q q 0 0 0 rg BT 449.80 538.75 Td (system, ) Tj ET Q q 0 0 0 rg BT 487.08 538.75 Td (at ) Tj ET Q q 0 0 0 rg BT 498.26 538.75 Td (a ) Tj ET Q q 0 0 0 rg BT 506.66 538.75 Td (storage ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (facility) Tj ET Q q 0 0 0 rg BT 99.04 526.75 Td (, ) Tj ET Q q 0 0 0 rg BT 105.02 526.75 Td (at ) Tj ET Q q 0 0 0 rg BT 116.55 526.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.65 526.75 Td (inlet ) Tj ET Q q 0 0 0 rg BT 155.20 526.75 Td (to ) Tj ET Q q 0 0 0 rg BT 166.73 526.75 Td (a ) Tj ET Q q 0 0 0 rg BT 175.49 526.75 Td (utility ) Tj ET Q q 0 0 0 rg BT 201.47 526.75 Td (system ) Tj ET Q q 0 0 0 rg BT 236.34 526.75 Td (or ) Tj ET Q q 0 0 0 rg BT 248.43 526.75 Td (at ) Tj ET Q q 0 0 0 rg BT 259.97 526.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.07 526.75 Td (point ) Tj ET Q q 0 0 0 rg BT 301.95 526.75 Td (of ) Tj ET Q q 0 0 0 rg BT 313.49 526.75 Td (receipt ) Tj ET Q q 0 0 0 rg BT 346.70 526.75 Td (by ) Tj ET Q q 0 0 0 rg BT 360.46 526.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.56 526.75 Td (consumer) Tj ET Q q 0 0 0 rg BT 420.91 526.75 Td (. ) Tj ET Q q 0 0 0 rg BT 426.89 526.75 Td ( ) Tj ET Q q 0 0 0 rg BT 429.45 526.75 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 480.40 526.75 Td (, ) Tj ET Q q 0 0 0 rg BT 486.38 526.75 Td (the ) Tj ET Q q 0 0 0 rg BT 503.47 526.75 Td (price ) Tj ET Q q 0 0 0 rg BT 528.35 526.75 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 514.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 105.97 514.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 125.50 514.75 Td (is ) Tj ET Q q 0 0 0 rg BT 136.12 514.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 186.79 514.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 212.43 514.75 Td (such ) Tj ET Q q 0 0 0 rg BT 236.95 514.75 Td (producer's ) Tj ET Q q 0 0 0 rg BT 286.73 514.75 Td (own ) Tj ET Q q 0 0 0 rg BT 308.47 514.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 373.57 514.75 Td (\(whether ) Tj ET Q q 0 0 0 rg BT 415.87 514.75 Td (long ) Tj ET Q q 0 0 0 rg BT 438.18 514.75 Td (or ) Tj ET Q q 0 0 0 rg BT 450.47 514.75 Td (short-term ) Tj ET Q q 0 0 0 rg BT 499.43 514.75 Td (contracts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.63 502.75 Td (the ) Tj ET Q q 0 0 0 rg BT 108.48 502.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 144.77 502.75 Td (point ) Tj ET Q q 0 0 0 rg BT 169.40 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.68 502.75 Td (sale\). ) Tj ET Q q 0 0 0 rg BT 208.08 502.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.44 502.75 Td (As ) Tj ET Q q 0 0 0 rg BT 225.06 502.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 258.58 502.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 277.65 502.75 Td (is ) Tj ET Q q 0 0 0 rg BT 287.81 502.75 Td (also ) Tj ET Q q 0 0 0 rg BT 309.10 502.75 Td (traded ) Tj ET Q q 0 0 0 rg BT 340.40 502.75 Td (on ) Tj ET Q q 0 0 0 rg BT 354.47 502.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 387.99 502.75 Td (platforms ) Tj ET Q q 0 0 0 rg BT 432.06 502.75 Td (such ) Tj ET Q q 0 0 0 rg BT 456.13 502.75 Td (as ) Tj ET Q q 0 0 0 rg BT 469.64 502.75 Td (the ) Tj ET Q q 0 0 0 rg BT 486.48 502.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 521.66 502.75 Td (Gas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 119.08 490.75 Td (\(NGX\), ) Tj ET Q q 0 0 0 rg BT 152.80 490.75 Td (Intercontinental ) Tj ET Q q 0 0 0 rg BT 223.78 490.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 270.87 490.75 Td (or ) Tj ET Q q 0 0 0 rg BT 282.36 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.87 490.75 Td (New ) Tj ET Q q 0 0 0 rg BT 321.31 490.75 Td (Y) Tj ET Q q 0 0 0 rg BT 327.06 490.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 343.56 490.75 Td (Mercantile ) Tj ET Q q 0 0 0 rg BT 392.30 490.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 439.38 490.75 Td (\(NYMEX\) ) Tj ET Q q 0 0 0 rg BT 484.21 490.75 Td (in ) Tj ET Q q 0 0 0 rg BT 494.60 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.10 490.75 Td (United ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 478.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 104.76 478.75 Td (spot ) Tj ET Q q 0 0 0 rg BT 125.29 478.75 Td (and ) Tj ET Q q 0 0 0 rg BT 143.60 478.75 Td (future ) Tj ET Q q 0 0 0 rg BT 170.80 478.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 199.10 478.75 Td (can ) Tj ET Q q 0 0 0 rg BT 216.85 478.75 Td (also ) Tj ET Q q 0 0 0 rg BT 236.82 478.75 Td (be ) Tj ET Q q 0 0 0 rg BT 249.57 478.75 Td (influenced ) Tj ET Q q 0 0 0 rg BT 296.79 478.75 Td (by ) Tj ET Q q 0 0 0 rg BT 308.98 478.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 339.52 478.75 Td (and ) Tj ET Q q 0 0 0 rg BT 357.83 478.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 395.59 478.75 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 457.26 478.75 Td (on ) Tj ET Q q 0 0 0 rg BT 470.01 478.75 Td (these ) Tj ET Q q 0 0 0 rg BT 496.10 478.75 Td (platforms. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 107.85 457.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 127.58 457.75 Td (exported ) Tj ET Q q 0 0 0 rg BT 170.10 457.75 Td (from ) Tj ET Q q 0 0 0 rg BT 193.71 457.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 232.35 457.75 Td (is ) Tj ET Q q 0 0 0 rg BT 243.19 457.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 278.48 457.75 Td (to ) Tj ET Q q 0 0 0 rg BT 290.43 457.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 337.96 457.75 Td (by ) Tj ET Q q 0 0 0 rg BT 352.13 457.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.64 457.75 Td (NEB ) Tj ET Q q 0 0 0 rg BT 393.81 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.11 457.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.62 457.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 490.25 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 502.20 457.75 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 542.79 457.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (Exporters ) Tj ET Q q 0 0 0 rg BT 117.83 445.75 Td (are ) Tj ET Q q 0 0 0 rg BT 135.32 445.75 Td (free ) Tj ET Q q 0 0 0 rg BT 155.59 445.75 Td (to ) Tj ET Q q 0 0 0 rg BT 166.97 445.75 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 211.15 445.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 240.87 445.75 Td (and ) Tj ET Q q 0 0 0 rg BT 260.59 445.75 Td (other ) Tj ET Q q 0 0 0 rg BT 286.42 445.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 314.46 445.75 Td (with ) Tj ET Q q 0 0 0 rg BT 335.28 445.75 Td (purchasers, ) Tj ET Q q 0 0 0 rg BT 390.56 445.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 431.96 445.75 Td (that ) Tj ET Q q 0 0 0 rg BT 451.67 445.75 Td (the ) Tj ET Q q 0 0 0 rg BT 468.61 445.75 Td (export ) Tj ET Q q 0 0 0 rg BT 499.44 445.75 Td (contracts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td (must ) Tj ET Q q 0 0 0 rg BT 95.99 433.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 136.12 433.75 Td (to ) Tj ET Q q 0 0 0 rg BT 146.78 433.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 171.33 433.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.66 433.75 Td (other ) Tj ET Q q 0 0 0 rg BT 228.78 433.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 261.10 433.75 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 310.11 433.75 Td (by ) Tj ET Q q 0 0 0 rg BT 322.99 433.75 Td (the ) Tj ET Q q 0 0 0 rg BT 339.21 433.75 Td (NEB ) Tj ET Q q 0 0 0 rg BT 362.09 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.10 433.75 Td (the ) Tj ET Q q 0 0 0 rg BT 397.32 433.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 454.66 433.75 Td (of ) Tj ET Q q 0 0 0 rg BT 465.32 433.75 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 505.45 433.75 Td ( ) Tj ET Q q 0 0 0 rg BT 507.77 433.75 Td (Natural ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 421.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 90.98 421.75 Td (\(other ) Tj ET Q q 0 0 0 rg BT 119.96 421.75 Td (than ) Tj ET Q q 0 0 0 rg BT 142.28 421.75 Td (propane, ) Tj ET Q q 0 0 0 rg BT 184.61 421.75 Td (butane ) Tj ET Q q 0 0 0 rg BT 218.06 421.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.60 421.75 Td (ethane\) ) Tj ET Q q 0 0 0 rg BT 274.37 421.75 Td (exports ) Tj ET Q q 0 0 0 rg BT 310.02 421.75 Td (for ) Tj ET Q q 0 0 0 rg BT 324.55 421.75 Td (a ) Tj ET Q q 0 0 0 rg BT 332.97 421.75 Td (term ) Tj ET Q q 0 0 0 rg BT 355.82 421.75 Td (of ) Tj ET Q q 0 0 0 rg BT 367.02 421.75 Td (less ) Tj ET Q q 0 0 0 rg BT 387.66 421.75 Td (than ) Tj ET Q q 0 0 0 rg BT 409.98 421.75 Td (two ) Tj ET Q q 0 0 0 rg BT 428.40 421.75 Td (years ) Tj ET Q q 0 0 0 rg BT 455.71 421.75 Td (or ) Tj ET Q q 0 0 0 rg BT 467.46 421.75 Td (for ) Tj ET Q q 0 0 0 rg BT 481.98 421.75 Td (a ) Tj ET Q q 0 0 0 rg BT 490.40 421.75 Td (term ) Tj ET Q q 0 0 0 rg BT 513.26 421.75 Td (of ) Tj ET Q q 0 0 0 rg BT 524.46 421.75 Td (two ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.44 409.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 97.66 409.75 Td (years ) Tj ET Q q 0 0 0 rg BT 125.21 409.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 139.43 409.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 185.33 409.75 Td (of ) Tj ET Q q 0 0 0 rg BT 196.77 409.75 Td (not ) Tj ET Q q 0 0 0 rg BT 213.78 409.75 Td (more ) Tj ET Q q 0 0 0 rg BT 239.66 409.75 Td (than ) Tj ET Q q 0 0 0 rg BT 262.22 409.75 Td (30,000 ) Tj ET Q q 0 0 0 rg BT 295.91 409.75 Td (m) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 304.24 414.52 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 307.85 409.75 Td (/day\) ) Tj ET Q q 0 0 0 rg BT 333.18 409.75 Td (must ) Tj ET Q q 0 0 0 rg BT 357.95 409.75 Td (be ) Tj ET Q q 0 0 0 rg BT 372.17 409.75 Td (made ) Tj ET Q q 0 0 0 rg BT 400.29 409.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 442.30 409.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.74 409.75 Td (an ) Tj ET Q q 0 0 0 rg BT 467.97 409.75 Td (NEB ) Tj ET Q q 0 0 0 rg BT 491.63 409.75 Td (order) Tj ET Q q 0 0 0 rg BT 514.42 409.75 Td (. ) Tj ET Q q 0 0 0 rg BT 520.30 409.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.78 409.75 Td (Any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 397.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 105.17 397.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 123.88 397.75 Td (export ) Tj ET Q q 0 0 0 rg BT 154.27 397.75 Td (to ) Tj ET Q q 0 0 0 rg BT 165.20 397.75 Td (be ) Tj ET Q q 0 0 0 rg BT 178.92 397.75 Td (made ) Tj ET Q q 0 0 0 rg BT 206.52 397.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 248.03 397.75 Td (to ) Tj ET Q q 0 0 0 rg BT 258.96 397.75 Td (a ) Tj ET Q q 0 0 0 rg BT 267.12 397.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 305.28 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 316.21 397.75 Td (longer ) Tj ET Q q 0 0 0 rg BT 346.60 397.75 Td (duration ) Tj ET Q q 0 0 0 rg BT 385.33 397.75 Td (\(to ) Tj ET Q q 0 0 0 rg BT 399.60 397.75 Td (a ) Tj ET Q q 0 0 0 rg BT 407.75 397.75 Td (maximum ) Tj ET Q q 0 0 0 rg BT 453.68 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 464.61 397.75 Td (25 ) Tj ET Q q 0 0 0 rg BT 478.32 397.75 Td (years\) ) Tj ET Q q 0 0 0 rg BT 508.70 397.75 Td (or ) Tj ET Q q 0 0 0 rg BT 520.18 397.75 Td (for ) Tj ET Q q 0 0 0 rg BT 534.45 397.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 385.75 Td (larger ) Tj ET Q q 0 0 0 rg BT 100.34 385.75 Td (quantity ) Tj ET Q q 0 0 0 rg BT 138.15 385.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 177.05 385.75 Td (an ) Tj ET Q q 0 0 0 rg BT 190.96 385.75 Td (export ) Tj ET Q q 0 0 0 rg BT 221.53 385.75 Td (license ) Tj ET Q q 0 0 0 rg BT 255.43 385.75 Td (from ) Tj ET Q q 0 0 0 rg BT 278.21 385.75 Td (the ) Tj ET Q q 0 0 0 rg BT 294.89 385.75 Td (NEB. ) Tj ET Q q 0 0 0 rg BT 321.01 385.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 108.36 364.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 128.61 364.75 Td (exported ) Tj ET Q q 0 0 0 rg BT 171.66 364.75 Td (from ) Tj ET Q q 0 0 0 rg BT 195.78 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.81 364.75 Td (United ) Tj ET Q q 0 0 0 rg BT 246.84 364.75 Td (States ) Tj ET Q q 0 0 0 rg BT 279.32 364.75 Td (is ) Tj ET Q q 0 0 0 rg BT 290.67 364.75 Td (regulated ) Tj ET Q q 0 0 0 rg BT 336.50 364.75 Td (principally ) Tj ET Q q 0 0 0 rg BT 385.09 364.75 Td (by ) Tj ET Q q 0 0 0 rg BT 399.77 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 417.80 364.75 Td (Federal ) Tj ET Q q 0 0 0 rg BT 455.84 364.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 491.65 364.75 Td (Regulatory ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 130.40 352.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.28 352.75 Td (FERC) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.50 352.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 174.77 352.75 Td (and ) Tj ET Q q 0 0 0 rg BT 194.85 352.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.14 352.75 Td (United ) Tj ET Q q 0 0 0 rg BT 244.44 352.75 Td (States ) Tj ET Q q 0 0 0 rg BT 276.18 352.75 Td (Department ) Tj ET Q q 0 0 0 rg BT 331.82 352.75 Td (of ) Tj ET Q q 0 0 0 rg BT 343.55 352.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 378.63 352.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.51 352.75 Td (DOE) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.18 352.75 Td ("\). ) Tj ET Q q 0 0 0 rg BT 420.23 352.75 Td ( ) Tj ET Q q 0 0 0 rg BT 423.62 352.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 446.46 352.75 Td (law ) Tj ET Q q 0 0 0 rg BT 464.86 352.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 506.04 352.75 Td (for ) Tj ET Q q 0 0 0 rg BT 521.11 352.75 Td (very ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 103.90 340.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 150.83 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 340.75 Td (exports ) Tj ET Q q 0 0 0 rg BT 197.98 340.75 Td (to ) Tj ET Q q 0 0 0 rg BT 209.32 340.75 Td (and ) Tj ET Q q 0 0 0 rg BT 229.01 340.75 Td (imports ) Tj ET Q q 0 0 0 rg BT 264.80 340.75 Td (from ) Tj ET Q q 0 0 0 rg BT 287.81 340.75 Td (any ) Tj ET Q q 0 0 0 rg BT 306.94 340.75 Td (country ) Tj ET Q q 0 0 0 rg BT 342.74 340.75 Td (that ) Tj ET Q q 0 0 0 rg BT 362.42 340.75 Td (has ) Tj ET Q q 0 0 0 rg BT 381.55 340.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 418.48 340.75 Td (into ) Tj ET Q q 0 0 0 rg BT 437.60 340.75 Td (a ) Tj ET Q q 0 0 0 rg BT 446.17 340.75 Td (free ) Tj ET Q q 0 0 0 rg BT 466.41 340.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 492.21 340.75 Td (agreement ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (with ) Tj ET Q q 0 0 0 rg BT 91.42 328.75 Td (the ) Tj ET Q q 0 0 0 rg BT 106.95 328.75 Td (United ) Tj ET Q q 0 0 0 rg BT 137.49 328.75 Td (States ) Tj ET Q q 0 0 0 rg BT 167.47 328.75 Td (that ) Tj ET Q q 0 0 0 rg BT 185.78 328.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 225.21 328.75 Td (for ) Tj ET Q q 0 0 0 rg BT 238.51 328.75 Td (national ) Tj ET Q q 0 0 0 rg BT 275.17 328.75 Td (treatment ) Tj ET Q q 0 0 0 rg BT 319.04 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 329.02 328.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 353.44 328.75 Td (in ) Tj ET Q q 0 0 0 rg BT 362.86 328.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 395.06 328.75 Td (gas; ) Tj ET Q q 0 0 0 rg BT 415.60 328.75 Td (however) Tj ET Q q 0 0 0 rg BT 452.84 328.75 Td (, ) Tj ET Q q 0 0 0 rg BT 457.25 328.75 Td (the ) Tj ET Q q 0 0 0 rg BT 472.79 328.75 Td (DOE ) Tj ET Q q 0 0 0 rg BT 496.09 328.75 Td (regulation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 316.75 Td (imports ) Tj ET Q q 0 0 0 rg BT 118.68 316.75 Td (and ) Tj ET Q q 0 0 0 rg BT 138.14 316.75 Td (exports ) Tj ET Q q 0 0 0 rg BT 173.71 316.75 Td (from ) Tj ET Q q 0 0 0 rg BT 196.49 316.75 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 316.75 Td (to ) Tj ET Q q 0 0 0 rg BT 227.07 316.75 Td (countries ) Tj ET Q q 0 0 0 rg BT 270.43 316.75 Td (without ) Tj ET Q q 0 0 0 rg BT 304.89 316.75 Td (such ) Tj ET Q q 0 0 0 rg BT 328.79 316.75 Td (free ) Tj ET Q q 0 0 0 rg BT 348.80 316.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 374.37 316.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 429.96 316.75 Td (is ) Tj ET Q q 0 0 0 rg BT 439.96 316.75 Td (more ) Tj ET Q q 0 0 0 rg BT 465.52 316.75 Td (comprehensive.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.01 295.75 Td (FERC ) Tj ET Q q 0 0 0 rg BT 120.01 295.75 Td (regulates ) Tj ET Q q 0 0 0 rg BT 162.92 295.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 186.93 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 205.39 295.75 Td (service ) Tj ET Q q 0 0 0 rg BT 238.85 295.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 285.65 295.75 Td (for ) Tj ET Q q 0 0 0 rg BT 299.10 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.78 295.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 377.70 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.82 295.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 420.17 295.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 438.07 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 447.63 295.75 Td (interstate ) Tj ET Q q 0 0 0 rg BT 490.54 295.75 Td (commerce. ) Tj ET Q q 0 0 0 rg BT 542.78 295.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.46 283.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 120.37 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.28 283.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 166.51 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.08 283.75 Td (access ) Tj ET Q q 0 0 0 rg BT 210.44 283.75 Td (to ) Tj ET Q q 0 0 0 rg BT 221.01 283.75 Td (intrastate ) Tj ET Q q 0 0 0 rg BT 264.37 283.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 301.07 283.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 364.45 283.75 Td (are ) Tj ET Q q 0 0 0 rg BT 381.13 283.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 415.05 283.75 Td (to ) Tj ET Q q 0 0 0 rg BT 425.62 283.75 Td (state ) Tj ET Q q 0 0 0 rg BT 449.53 283.75 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 498.46 283.75 Td ( ) Tj ET Q q 0 0 0 rg BT 500.69 283.75 Td (In ) Tj ET Q q 0 0 0 rg BT 511.12 283.75 Td (T) Tj ET Q q 0 0 0 rg BT 516.12 283.75 Td (exas, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.50 271.75 Td (primary ) Tj ET Q q 0 0 0 rg BT 126.44 271.75 Td (regulator ) Tj ET Q q 0 0 0 rg BT 169.51 271.75 Td (is ) Tj ET Q q 0 0 0 rg BT 180.33 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.83 271.75 Td (Railroad ) Tj ET Q q 0 0 0 rg BT 238.68 271.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 297.29 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 309.00 271.75 Td (T) Tj ET Q q 0 0 0 rg BT 314.00 271.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 338.72 271.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.60 271.75 Td (RRC) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.27 271.75 Td ("\). ) Tj ET Q q 0 0 0 rg BT 380.53 271.75 Td ( ) Tj ET Q q 0 0 0 rg BT 384.13 271.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 426.63 271.75 Td (used ) Tj ET Q q 0 0 0 rg BT 451.91 271.75 Td (in ) Tj ET Q q 0 0 0 rg BT 463.30 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.80 271.75 Td (production ) Tj ET Q q 0 0 0 rg BT 531.10 271.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 259.75 Td (gathering ) Tj ET Q q 0 0 0 rg BT 116.03 259.75 Td (of ) Tj ET Q q 0 0 0 rg BT 126.71 259.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 159.62 259.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 178.08 259.75 Td (in ) Tj ET Q q 0 0 0 rg BT 188.19 259.75 Td (interstate ) Tj ET Q q 0 0 0 rg BT 231.66 259.75 Td (commerce ) Tj ET Q q 0 0 0 rg BT 280.67 259.75 Td (are ) Tj ET Q q 0 0 0 rg BT 297.46 259.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 340.37 259.75 Td (exempt ) Tj ET Q q 0 0 0 rg BT 375.50 259.75 Td (from ) Tj ET Q q 0 0 0 rg BT 397.84 259.75 Td (FERC ) Tj ET Q q 0 0 0 rg BT 427.39 259.75 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 479.75 259.75 Td ( ) Tj ET Q q 0 0 0 rg BT 482.08 259.75 Td (However) Tj ET Q q 0 0 0 rg BT 520.99 259.75 Td (, ) Tj ET Q q 0 0 0 rg BT 526.10 259.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td (distinction ) Tj ET Q q 0 0 0 rg BT 118.94 247.75 Td (between ) Tj ET Q q 0 0 0 rg BT 159.22 247.75 Td (FERC-regulated ) Tj ET Q q 0 0 0 rg BT 233.95 247.75 Td (transmission ) Tj ET Q q 0 0 0 rg BT 292.55 247.75 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 334.49 247.75 Td (and ) Tj ET Q q 0 0 0 rg BT 353.65 247.75 Td (unregulated ) Tj ET Q q 0 0 0 rg BT 408.95 247.75 Td (gathering ) Tj ET Q q 0 0 0 rg BT 453.12 247.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 492.26 247.75 Td (is ) Tj ET Q q 0 0 0 rg BT 501.96 247.75 Td (made ) Tj ET Q q 0 0 0 rg BT 529.44 247.75 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 235.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 235.75 Td (FERC ) Tj ET Q q 0 0 0 rg BT 118.68 235.75 Td (on ) Tj ET Q q 0 0 0 rg BT 132.58 235.75 Td (a ) Tj ET Q q 0 0 0 rg BT 140.92 235.75 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 203.17 235.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 229.29 235.75 Td (and ) Tj ET Q q 0 0 0 rg BT 248.75 235.75 Td (has ) Tj ET Q q 0 0 0 rg BT 267.65 235.75 Td (been ) Tj ET Q q 0 0 0 rg BT 292.68 235.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 327.14 235.75 Td (to ) Tj ET Q q 0 0 0 rg BT 338.26 235.75 Td (extensive ) Tj ET Q q 0 0 0 rg BT 383.28 235.75 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 425.53 235.75 Td ( ) Tj ET Q q 0 0 0 rg BT 428.31 235.75 Td ( ) Tj ET Q q 0 0 0 rg BT 431.09 235.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.56 214.75 Td (North ) Tj ET Q q 0 0 0 rg BT 121.62 214.75 Td (American ) Tj ET Q q 0 0 0 rg BT 169.98 214.75 Td (Free ) Tj ET Q q 0 0 0 rg BT 193.88 214.75 Td (T) Tj ET Q q 0 0 0 rg BT 199.44 214.75 Td (rade ) Tj ET Q q 0 0 0 rg BT 222.97 214.75 Td (Agreement) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.88 193.75 Td (North ) Tj ET Q q 0 0 0 rg BT 116.66 193.75 Td (American ) Tj ET Q q 0 0 0 rg BT 160.55 193.75 Td (Free ) Tj ET Q q 0 0 0 rg BT 182.66 193.75 Td (T) Tj ET Q q 0 0 0 rg BT 188.39 193.75 Td (rade ) Tj ET Q q 0 0 0 rg BT 209.73 193.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 260.30 193.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.18 193.75 Td (NAFT) Tj ET Q q 0 0 0 rg BT 293.10 193.75 Td (A) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.32 193.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 308.85 193.75 Td (among ) Tj ET Q q 0 0 0 rg BT 341.08 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.63 193.75 Td (governments ) Tj ET Q q 0 0 0 rg BT 416.09 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 426.09 193.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 465.55 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 481.10 193.75 Td (United ) Tj ET Q q 0 0 0 rg BT 511.66 193.75 Td (States ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.49 181.75 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 125.97 181.75 Td (came ) Tj ET Q q 0 0 0 rg BT 153.23 181.75 Td (into ) Tj ET Q q 0 0 0 rg BT 172.16 181.75 Td (force ) Tj ET Q q 0 0 0 rg BT 197.20 181.75 Td (on ) Tj ET Q q 0 0 0 rg BT 211.13 181.75 Td (January ) Tj ET Q q 0 0 0 rg BT 249.51 181.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 260.66 181.75 Td (1994. ) Tj ET Q q 0 0 0 rg BT 288.49 181.75 Td ( ) Tj ET Q q 0 0 0 rg BT 291.30 181.75 Td (In ) Tj ET Q q 0 0 0 rg BT 302.44 181.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.15 181.75 Td (context ) Tj ET Q q 0 0 0 rg BT 354.20 181.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.35 181.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 398.73 181.75 Td (resources, ) Tj ET Q q 0 0 0 rg BT 448.22 181.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 486.06 181.75 Td (continues ) Tj ET Q q 0 0 0 rg BT 531.67 181.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 169.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 104.59 169.75 Td (free ) Tj ET Q q 0 0 0 rg BT 123.85 169.75 Td (to ) Tj ET Q q 0 0 0 rg BT 134.22 169.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 180.71 169.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 218.32 169.75 Td (exports ) Tj ET Q q 0 0 0 rg BT 253.14 169.75 Td (of ) Tj ET Q q 0 0 0 rg BT 263.50 169.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 296.11 169.75 Td (resources ) Tj ET Q q 0 0 0 rg BT 342.04 169.75 Td (to ) Tj ET Q q 0 0 0 rg BT 352.41 169.75 Td (the ) Tj ET Q q 0 0 0 rg BT 368.33 169.75 Td (United ) Tj ET Q q 0 0 0 rg BT 399.27 169.75 Td (States ) Tj ET Q q 0 0 0 rg BT 429.64 169.75 Td (or ) Tj ET Q q 0 0 0 rg BT 440.56 169.75 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 474.26 169.75 Td (will ) Tj ET Q q 0 0 0 rg BT 490.18 169.75 Td (be ) Tj ET Q q 0 0 0 rg BT 503.33 169.75 Td (allowed, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 157.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 113.06 157.75 Td (that ) Tj ET Q q 0 0 0 rg BT 132.44 157.75 Td (any ) Tj ET Q q 0 0 0 rg BT 151.27 157.75 Td (export ) Tj ET Q q 0 0 0 rg BT 181.76 157.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 232.81 157.75 Td (do ) Tj ET Q q 0 0 0 rg BT 246.64 157.75 Td (not: ) Tj ET Q q 0 0 0 rg BT 266.02 157.75 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 277.60 157.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 310.88 157.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.48 157.75 Td (proportion ) Tj ET Q q 0 0 0 rg BT 375.21 157.75 Td (of ) Tj ET Q q 0 0 0 rg BT 386.26 157.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 419.54 157.75 Td (resources ) Tj ET Q q 0 0 0 rg BT 466.14 157.75 Td (exported ) Tj ET Q q 0 0 0 rg BT 507.76 157.75 Td (relative ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 145.75 Td (to ) Tj ET Q q 0 0 0 rg BT 82.95 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.47 145.75 Td (total ) Tj ET Q q 0 0 0 rg BT 120.98 145.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 152.50 145.75 Td (of ) Tj ET Q q 0 0 0 rg BT 163.45 145.75 Td (goods ) Tj ET Q q 0 0 0 rg BT 193.31 145.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.26 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.78 145.75 Td (party ) Tj ET Q q 0 0 0 rg BT 245.62 145.75 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 299.38 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 315.89 145.75 Td (restriction ) Tj ET Q q 0 0 0 rg BT 361.85 145.75 Td (as ) Tj ET Q q 0 0 0 rg BT 375.02 145.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 422.10 145.75 Td (to ) Tj ET Q q 0 0 0 rg BT 433.06 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 449.57 145.75 Td (proportion ) Tj ET Q q 0 0 0 rg BT 497.21 145.75 Td (prevailing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 133.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.98 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.07 133.75 Td (most ) Tj ET Q q 0 0 0 rg BT 124.94 133.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 155.93 133.75 Td (36-month ) Tj ET Q q 0 0 0 rg BT 201.37 133.75 Td (period; ) Tj ET Q q 0 0 0 rg BT 235.14 133.75 Td (\(ii\)impose ) Tj ET Q q 0 0 0 rg BT 284.45 133.75 Td (an ) Tj ET Q q 0 0 0 rg BT 298.77 133.75 Td (export ) Tj ET Q q 0 0 0 rg BT 329.76 133.75 Td (price ) Tj ET Q q 0 0 0 rg BT 354.63 133.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 385.62 133.75 Td (than ) Tj ET Q q 0 0 0 rg BT 408.28 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 425.37 133.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 468.58 133.75 Td (price ) Tj ET Q q 0 0 0 rg BT 493.45 133.75 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 531.66 133.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 121.75 Td (an ) Tj ET Q q 0 0 0 rg BT 86.49 121.75 Td (exception ) Tj ET Q q 0 0 0 rg BT 132.67 121.75 Td (with ) Tj ET Q q 0 0 0 rg BT 153.82 121.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 189.99 121.75 Td (to ) Tj ET Q q 0 0 0 rg BT 201.69 121.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 235.08 121.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 282.35 121.75 Td (which ) Tj ET Q q 0 0 0 rg BT 311.29 121.75 Td (only ) Tj ET Q q 0 0 0 rg BT 333.01 121.75 Td (restrict ) Tj ET Q q 0 0 0 rg BT 366.38 121.75 Td (the ) Tj ET Q q 0 0 0 rg BT 383.65 121.75 Td (volume ) Tj ET Q q 0 0 0 rg BT 419.25 121.75 Td (of ) Tj ET Q q 0 0 0 rg BT 430.96 121.75 Td (exports\); ) Tj ET Q q 0 0 0 rg BT 473.23 121.75 Td (and ) Tj ET Q q 0 0 0 rg BT 493.29 121.75 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 509.98 121.75 Td (disrupt ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 109.75 Td (normal ) Tj ET Q q 0 0 0 rg BT 105.34 109.75 Td (channels ) Tj ET Q q 0 0 0 rg BT 148.15 109.75 Td (of ) Tj ET Q q 0 0 0 rg BT 159.27 109.75 Td (supply) Tj ET Q q 0 0 0 rg BT 187.43 109.75 Td (. ) Tj ET Q q 0 0 0 rg BT 192.99 109.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (All ) Tj ET Q q 0 0 0 rg BT 85.50 88.75 Td (three ) Tj ET Q q 0 0 0 rg BT 110.68 88.75 Td (signatory ) Tj ET Q q 0 0 0 rg BT 153.64 88.75 Td (countries ) Tj ET Q q 0 0 0 rg BT 196.60 88.75 Td (are ) Tj ET Q q 0 0 0 rg BT 213.44 88.75 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 259.74 88.75 Td (from ) Tj ET Q q 0 0 0 rg BT 282.13 88.75 Td (imposing ) Tj ET Q q 0 0 0 rg BT 324.53 88.75 Td (a ) Tj ET Q q 0 0 0 rg BT 332.48 88.75 Td (minimum ) Tj ET Q q 0 0 0 rg BT 375.42 88.75 Td (or ) Tj ET Q q 0 0 0 rg BT 386.69 88.75 Td (maximum ) Tj ET Q q 0 0 0 rg BT 432.41 88.75 Td (export ) Tj ET Q q 0 0 0 rg BT 462.59 88.75 Td (price ) Tj ET Q q 0 0 0 rg BT 486.65 88.75 Td (requirement ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 76.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.72 76.75 Td (any ) Tj ET Q q 0 0 0 rg BT 101.79 76.75 Td (circumstance ) Tj ET Q q 0 0 0 rg BT 163.63 76.75 Td (where ) Tj ET Q q 0 0 0 rg BT 193.81 76.75 Td (any ) Tj ET Q q 0 0 0 rg BT 212.87 76.75 Td (other ) Tj ET Q q 0 0 0 rg BT 238.60 76.75 Td (form ) Tj ET Q q 0 0 0 rg BT 261.54 76.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.82 76.75 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 326.91 76.75 Td (restriction ) Tj ET Q q 0 0 0 rg BT 373.20 76.75 Td (is ) Tj ET Q q 0 0 0 rg BT 383.36 76.75 Td (prohibited. ) Tj ET Q q 0 0 0 rg BT 433.00 76.75 Td ( ) Tj ET Q q 0 0 0 rg BT 435.75 76.75 Td (The ) Tj ET Q q 0 0 0 rg BT 455.92 76.75 Td (signatory ) Tj ET Q q 0 0 0 rg BT 499.43 76.75 Td (countries ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I60 Do Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (43) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (are ) Tj ET Q q 0 0 0 rg BT 88.98 712.75 Td (also ) Tj ET Q q 0 0 0 rg BT 109.84 712.75 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 156.28 712.75 Td (from ) Tj ET Q q 0 0 0 rg BT 178.81 712.75 Td (imposing ) Tj ET Q q 0 0 0 rg BT 221.35 712.75 Td (a ) Tj ET Q q 0 0 0 rg BT 229.43 712.75 Td (minimum ) Tj ET Q q 0 0 0 rg BT 272.51 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 283.92 712.75 Td (maximum ) Tj ET Q q 0 0 0 rg BT 329.78 712.75 Td (import ) Tj ET Q q 0 0 0 rg BT 360.09 712.75 Td (price ) Tj ET Q q 0 0 0 rg BT 384.28 712.75 Td (requirement, ) Tj ET Q q 0 0 0 rg BT 442.94 712.75 Td (except ) Tj ET Q q 0 0 0 rg BT 474.93 712.75 Td (as ) Tj ET Q q 0 0 0 rg BT 488.01 712.75 Td (permitted ) Tj ET Q q 0 0 0 rg BT 532.22 712.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 129.27 700.75 Td (of ) Tj ET Q q 0 0 0 rg BT 139.29 700.75 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 202.67 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 221.03 700.75 Td (anti-dumping ) Tj ET Q q 0 0 0 rg BT 280.53 700.75 Td (orders ) Tj ET Q q 0 0 0 rg BT 310.55 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.91 700.75 Td (undertakings. ) Tj ET Q q 0 0 0 rg BT 390.63 700.75 Td ( ) Tj ET Q q 0 0 0 rg BT 392.31 700.75 Td (NAFT) Tj ET Q q 0 0 0 rg BT 417.68 700.75 Td (A) Tj ET Q q 0 0 0 rg BT 423.80 700.75 Td ( ) Tj ET Q q 0 0 0 rg BT 425.48 700.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 463.28 700.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 495.54 700.75 Td (regulators ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 84.78 688.75 Td (ensure ) Tj ET Q q 0 0 0 rg BT 119.80 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 138.14 688.75 Td (orderly ) Tj ET Q q 0 0 0 rg BT 173.15 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 194.27 688.75 Td (equitable ) Tj ET Q q 0 0 0 rg BT 239.30 688.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 311.55 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.33 688.75 Td (any ) Tj ET Q q 0 0 0 rg BT 344.90 688.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 393.81 688.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 436.05 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 457.18 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 469.96 688.75 Td (ensure ) Tj ET Q q 0 0 0 rg BT 504.98 688.75 Td (that ) Tj ET Q q 0 0 0 rg BT 526.10 688.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (application ) Tj ET Q q 0 0 0 rg BT 123.19 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.90 676.75 Td (those ) Tj ET Q q 0 0 0 rg BT 162.73 676.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 203.91 676.75 Td (will ) Tj ET Q q 0 0 0 rg BT 221.17 676.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 251.23 676.75 Td (minimal ) Tj ET Q q 0 0 0 rg BT 289.05 676.75 Td (disruption ) Tj ET Q q 0 0 0 rg BT 335.78 676.75 Td (to ) Tj ET Q q 0 0 0 rg BT 347.49 676.75 Td (contractual ) Tj ET Q q 0 0 0 rg BT 399.78 676.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 464.85 676.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.91 676.75 Td (avoid ) Tj ET Q q 0 0 0 rg BT 512.19 676.75 Td (undue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (interference ) Tj ET Q q 0 0 0 rg BT 127.67 664.75 Td (with ) Tj ET Q q 0 0 0 rg BT 148.32 664.75 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 183.41 664.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 230.18 664.75 Td (and ) Tj ET Q q 0 0 0 rg BT 249.73 664.75 Td (distribution ) Tj ET Q q 0 0 0 rg BT 300.95 664.75 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 368.29 664.75 Td (all ) Tj ET Q q 0 0 0 rg BT 381.16 664.75 Td (of ) Tj ET Q q 0 0 0 rg BT 392.36 664.75 Td (which ) Tj ET Q q 0 0 0 rg BT 420.79 664.75 Td (are ) Tj ET Q q 0 0 0 rg BT 438.10 664.75 Td (important ) Tj ET Q q 0 0 0 rg BT 482.65 664.75 Td (for ) Tj ET Q q 0 0 0 rg BT 497.18 664.75 Td (Canadian ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 84.78 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 104.25 652.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 137.60 652.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 156.50 652.75 Td (exports. ) Tj ET Q q 0 0 0 rg BT 194.85 652.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (A) Tj ET Q q 0 0 0 rg BT 78.12 631.75 Td ( ) Tj ET Q q 0 0 0 rg BT 81.69 631.75 Td (revised ) Tj ET Q q 0 0 0 rg BT 117.51 631.75 Td (version ) Tj ET Q q 0 0 0 rg BT 153.32 631.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.24 631.75 Td (NAFT) Tj ET Q q 0 0 0 rg BT 190.60 631.75 Td (A) Tj ET Q q 0 0 0 rg BT 196.72 631.75 Td ( ) Tj ET Q q 0 0 0 rg BT 200.30 631.75 Td (has ) Tj ET Q q 0 0 0 rg BT 220.00 631.75 Td (been ) Tj ET Q q 0 0 0 rg BT 245.82 631.75 Td (agreed ) Tj ET Q q 0 0 0 rg BT 280.53 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 292.45 631.75 Td (by ) Tj ET Q q 0 0 0 rg BT 306.58 631.75 Td (all ) Tj ET Q q 0 0 0 rg BT 320.17 631.75 Td (three ) Tj ET Q q 0 0 0 rg BT 346.54 631.75 Td (countries ) Tj ET Q q 0 0 0 rg BT 390.69 631.75 Td (for ) Tj ET Q q 0 0 0 rg BT 405.93 631.75 Td (approval ) Tj ET Q q 0 0 0 rg BT 447.87 631.75 Td (under ) Tj ET Q q 0 0 0 rg BT 477.02 631.75 Td (a ) Tj ET Q q 0 0 0 rg BT 486.16 631.75 Td (new ) Tj ET Q q 0 0 0 rg BT 508.08 631.75 Td (name ) Tj ET Q q 0 0 0 rg BT 536.67 631.75 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (United ) Tj ET Q q 0 0 0 rg BT 103.55 619.75 Td (States ) Tj ET Q q 0 0 0 rg BT 134.54 619.75 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 168.85 619.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 206.00 619.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 257.55 619.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.10 619.75 Td (USMCA) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.77 619.75 Td (". ) Tj ET Q q 0 0 0 rg BT 306.74 619.75 Td ( ) Tj ET Q q 0 0 0 rg BT 309.20 619.75 Td (The ) Tj ET Q q 0 0 0 rg BT 329.08 619.75 Td (USMCA) Tj ET Q q 0 0 0 rg BT 364.64 619.75 Td ( ) Tj ET Q q 0 0 0 rg BT 367.28 619.75 Td (is ) Tj ET Q q 0 0 0 rg BT 377.14 619.75 Td (awaiting ) Tj ET Q q 0 0 0 rg BT 416.47 619.75 Td (legislative ) Tj ET Q q 0 0 0 rg BT 463.02 619.75 Td (approval ) Tj ET Q q 0 0 0 rg BT 504.02 619.75 Td (before ) Tj ET Q q 0 0 0 rg BT 535.01 619.75 Td (it ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (comes ) Tj ET Q q 0 0 0 rg BT 103.74 607.75 Td (into ) Tj ET Q q 0 0 0 rg BT 122.15 607.75 Td (force. ) Tj ET Q q 0 0 0 rg BT 149.45 607.75 Td ( ) Tj ET Q q 0 0 0 rg BT 151.59 607.75 Td (The ) Tj ET Q q 0 0 0 rg BT 171.11 607.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 203.98 607.75 Td (sector ) Tj ET Q q 0 0 0 rg BT 233.50 607.75 Td (is ) Tj ET Q q 0 0 0 rg BT 243.01 607.75 Td (not ) Tj ET Q q 0 0 0 rg BT 259.20 607.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 302.07 607.75 Td (to ) Tj ET Q q 0 0 0 rg BT 312.70 607.75 Td (be ) Tj ET Q q 0 0 0 rg BT 326.11 607.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 380.09 607.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 422.95 607.75 Td (by ) Tj ET Q q 0 0 0 rg BT 435.80 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.99 607.75 Td (USMCA) Tj ET Q q 0 0 0 rg BT 487.56 607.75 Td ( ) Tj ET Q q 0 0 0 rg BT 489.84 607.75 Td (if ) Tj ET Q q 0 0 0 rg BT 497.13 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 516.11 607.75 Td (when ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (it ) Tj ET Q q 0 0 0 rg BT 79.78 595.75 Td (comes ) Tj ET Q q 0 0 0 rg BT 112.01 595.75 Td (into ) Tj ET Q q 0 0 0 rg BT 130.91 595.75 Td (force. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td (Royalties ) Tj ET Q q 0 0 0 rg BT 119.24 574.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.80 574.75 Td (Incentives) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 553.75 Td (In ) Tj ET Q q 0 0 0 rg BT 82.52 553.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 119.74 553.75 Td (to ) Tj ET Q q 0 0 0 rg BT 130.26 553.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 163.02 553.75 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 211.90 553.75 Td (each ) Tj ET Q q 0 0 0 rg BT 235.77 553.75 Td (province ) Tj ET Q q 0 0 0 rg BT 275.76 553.75 Td (in ) Tj ET Q q 0 0 0 rg BT 285.72 553.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 322.94 553.75 Td (and ) Tj ET Q q 0 0 0 rg BT 341.80 553.75 Td (each ) Tj ET Q q 0 0 0 rg BT 365.67 553.75 Td (state ) Tj ET Q q 0 0 0 rg BT 389.54 553.75 Td (in ) Tj ET Q q 0 0 0 rg BT 399.50 553.75 Td (the ) Tj ET Q q 0 0 0 rg BT 415.59 553.75 Td (United ) Tj ET Q q 0 0 0 rg BT 446.68 553.75 Td (States ) Tj ET Q q 0 0 0 rg BT 477.21 553.75 Td (has ) Tj ET Q q 0 0 0 rg BT 495.52 553.75 Td (legislation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.95 541.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 142.14 541.75 Td (that ) Tj ET Q q 0 0 0 rg BT 161.08 541.75 Td (govern ) Tj ET Q q 0 0 0 rg BT 193.92 541.75 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 236.20 541.75 Td (production ) Tj ET Q q 0 0 0 rg BT 285.17 541.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 309.67 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.62 541.75 Td (other ) Tj ET Q q 0 0 0 rg BT 353.67 541.75 Td (matters. ) Tj ET Q q 0 0 0 rg BT 392.06 541.75 Td ( ) Tj ET Q q 0 0 0 rg BT 394.18 541.75 Td (The ) Tj ET Q q 0 0 0 rg BT 413.67 541.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 445.39 541.75 Td (regime ) Tj ET Q q 0 0 0 rg BT 478.22 541.75 Td (is ) Tj ET Q q 0 0 0 rg BT 487.71 541.75 Td (a ) Tj ET Q q 0 0 0 rg BT 495.54 541.75 Td (significant ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (factor ) Tj ET Q q 0 0 0 rg BT 99.67 529.75 Td (in ) Tj ET Q q 0 0 0 rg BT 110.12 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 126.69 529.75 Td (profitability ) Tj ET Q q 0 0 0 rg BT 177.15 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.15 529.75 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 246.41 529.75 Td (production. ) Tj ET Q q 0 0 0 rg BT 298.55 529.75 Td ( ) Tj ET Q q 0 0 0 rg BT 301.22 529.75 Td (Royalties ) Tj ET Q q 0 0 0 rg BT 345.01 529.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 382.70 529.75 Td (on ) Tj ET Q q 0 0 0 rg BT 396.49 529.75 Td (production ) Tj ET Q q 0 0 0 rg BT 445.85 529.75 Td (from ) Tj ET Q q 0 0 0 rg BT 468.52 529.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 495.09 529.75 Td (other ) Tj ET Q q 0 0 0 rg BT 520.55 529.75 Td (than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (Crown ) Tj ET Q q 0 0 0 rg BT 104.64 517.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 132.30 517.75 Td (in ) Tj ET Q q 0 0 0 rg BT 143.83 517.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 182.60 517.75 Td (and ) Tj ET Q q 0 0 0 rg BT 203.04 517.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 237.36 517.75 Td (and ) Tj ET Q q 0 0 0 rg BT 257.79 517.75 Td (state ) Tj ET Q q 0 0 0 rg BT 283.22 517.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 310.87 517.75 Td (in ) Tj ET Q q 0 0 0 rg BT 322.40 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 340.05 517.75 Td (United ) Tj ET Q q 0 0 0 rg BT 372.70 517.75 Td (States ) Tj ET Q q 0 0 0 rg BT 404.80 517.75 Td (are ) Tj ET Q q 0 0 0 rg BT 423.00 517.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 476.78 517.75 Td (by ) Tj ET Q q 0 0 0 rg BT 491.08 517.75 Td (negotiation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (between ) Tj ET Q q 0 0 0 rg BT 111.71 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.52 505.75 Td (mineral ) Tj ET Q q 0 0 0 rg BT 162.22 505.75 Td (freehold ) Tj ET Q q 0 0 0 rg BT 200.26 505.75 Td (owner ) Tj ET Q q 0 0 0 rg BT 229.40 505.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.99 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.80 505.75 Td (lessee, ) Tj ET Q q 0 0 0 rg BT 297.39 505.75 Td (although ) Tj ET Q q 0 0 0 rg BT 337.67 505.75 Td (production ) Tj ET Q q 0 0 0 rg BT 386.27 505.75 Td (from ) Tj ET Q q 0 0 0 rg BT 408.18 505.75 Td (such ) Tj ET Q q 0 0 0 rg BT 431.21 505.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 457.02 505.75 Td (is ) Tj ET Q q 0 0 0 rg BT 466.15 505.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 499.74 505.75 Td (to ) Tj ET Q q 0 0 0 rg BT 509.99 505.75 Td (certain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 98.21 493.75 Td (and ) Tj ET Q q 0 0 0 rg BT 117.21 493.75 Td (royalties. ) Tj ET Q q 0 0 0 rg BT 159.54 493.75 Td ( ) Tj ET Q q 0 0 0 rg BT 161.85 493.75 Td (Royalties ) Tj ET Q q 0 0 0 rg BT 205.29 493.75 Td (from ) Tj ET Q q 0 0 0 rg BT 227.61 493.75 Td (production ) Tj ET Q q 0 0 0 rg BT 276.62 493.75 Td (on ) Tj ET Q q 0 0 0 rg BT 290.05 493.75 Td (Crown ) Tj ET Q q 0 0 0 rg BT 321.26 493.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 347.48 493.75 Td (in ) Tj ET Q q 0 0 0 rg BT 357.58 493.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 394.92 493.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.92 493.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 446.81 493.75 Td (and ) Tj ET Q q 0 0 0 rg BT 465.81 493.75 Td (state ) Tj ET Q q 0 0 0 rg BT 489.80 493.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 516.02 493.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.11 493.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (United ) Tj ET Q q 0 0 0 rg BT 103.76 481.75 Td (States ) Tj ET Q q 0 0 0 rg BT 134.96 481.75 Td (are ) Tj ET Q q 0 0 0 rg BT 152.27 481.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 205.15 481.75 Td (by ) Tj ET Q q 0 0 0 rg BT 218.56 481.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 282.01 481.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 328.78 481.75 Td (and ) Tj ET Q q 0 0 0 rg BT 348.32 481.75 Td (are ) Tj ET Q q 0 0 0 rg BT 365.63 481.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 409.06 481.75 Td (calculated ) Tj ET Q q 0 0 0 rg BT 456.94 481.75 Td (as ) Tj ET Q q 0 0 0 rg BT 470.36 481.75 Td (a ) Tj ET Q q 0 0 0 rg BT 478.77 481.75 Td (percentage ) Tj ET Q q 0 0 0 rg BT 531.66 481.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 87.60 469.75 Td (value ) Tj ET Q q 0 0 0 rg BT 113.21 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 123.26 469.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 149.41 469.75 Td (production. ) Tj ET Q q 0 0 0 rg BT 200.59 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 202.18 469.75 Td (The ) Tj ET Q q 0 0 0 rg BT 221.12 469.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 240.05 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 250.09 469.75 Td (royalties ) Tj ET Q q 0 0 0 rg BT 289.03 469.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 325.76 469.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 368.05 469.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 408.12 469.75 Td (in ) Tj ET Q q 0 0 0 rg BT 417.61 469.75 Td (part ) Tj ET Q q 0 0 0 rg BT 436.54 469.75 Td (on ) Tj ET Q q 0 0 0 rg BT 449.37 469.75 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 497.76 469.75 Td (reference ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 105.24 457.75 Td (well ) Tj ET Q q 0 0 0 rg BT 126.25 457.75 Td (productivity) Tj ET Q q 0 0 0 rg BT 176.08 457.75 Td (, ) Tj ET Q q 0 0 0 rg BT 182.64 457.75 Td (geographical ) Tj ET Q q 0 0 0 rg BT 243.69 457.75 Td (location, ) Tj ET Q q 0 0 0 rg BT 284.72 457.75 Td (field ) Tj ET Q q 0 0 0 rg BT 306.85 457.75 Td (discovery ) Tj ET Q q 0 0 0 rg BT 352.87 457.75 Td (date, ) Tj ET Q q 0 0 0 rg BT 378.90 457.75 Td (method ) Tj ET Q q 0 0 0 rg BT 416.03 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.16 457.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 470.29 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.75 457.75 Td (the ) Tj ET Q q 0 0 0 rg BT 508.44 457.75 Td (type ) Tj ET Q q 0 0 0 rg BT 531.12 457.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 103.68 445.75 Td (of ) Tj ET Q q 0 0 0 rg BT 114.80 445.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.48 445.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 178.73 445.75 Td (product ) Tj ET Q q 0 0 0 rg BT 214.86 445.75 Td (produced. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (From ) Tj ET Q q 0 0 0 rg BT 97.66 424.75 Td (time ) Tj ET Q q 0 0 0 rg BT 118.87 424.75 Td (to ) Tj ET Q q 0 0 0 rg BT 129.54 424.75 Td (time ) Tj ET Q q 0 0 0 rg BT 150.75 424.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.98 424.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 199.88 424.75 Td (and ) Tj ET Q q 0 0 0 rg BT 218.89 424.75 Td (provincial ) Tj ET Q q 0 0 0 rg BT 263.46 424.75 Td (governments ) Tj ET Q q 0 0 0 rg BT 323.59 424.75 Td (in ) Tj ET Q q 0 0 0 rg BT 333.70 424.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 371.05 424.75 Td (and ) Tj ET Q q 0 0 0 rg BT 390.06 424.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.29 424.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 439.19 424.75 Td (and ) Tj ET Q q 0 0 0 rg BT 458.20 424.75 Td (state ) Tj ET Q q 0 0 0 rg BT 482.21 424.75 Td (governments ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 412.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.71 412.75 Td (the ) Tj ET Q q 0 0 0 rg BT 101.54 412.75 Td (United ) Tj ET Q q 0 0 0 rg BT 134.37 412.75 Td (States ) Tj ET Q q 0 0 0 rg BT 166.65 412.75 Td (create ) Tj ET Q q 0 0 0 rg BT 198.37 412.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 241.76 412.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 287.93 412.75 Td (for ) Tj ET Q q 0 0 0 rg BT 303.53 412.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 356.37 412.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.99 412.75 Td (development. ) Tj ET Q q 0 0 0 rg BT 440.95 412.75 Td ( ) Tj ET Q q 0 0 0 rg BT 444.88 412.75 Td (Such ) Tj ET Q q 0 0 0 rg BT 471.60 412.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 517.76 412.75 Td (often ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 108.39 400.75 Td (for ) Tj ET Q q 0 0 0 rg BT 123.66 400.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 156.70 400.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 177.53 400.75 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 230.04 400.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 263.08 400.75 Td (holidays ) Tj ET Q q 0 0 0 rg BT 303.37 400.75 Td (or ) Tj ET Q q 0 0 0 rg BT 315.85 400.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 348.90 400.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 365.83 400.75 Td (credits ) Tj ET Q q 0 0 0 rg BT 398.88 400.75 Td (and ) Tj ET Q q 0 0 0 rg BT 419.16 400.75 Td (are ) Tj ET Q q 0 0 0 rg BT 437.21 400.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 481.38 400.75 Td (introduced ) Tj ET Q q 0 0 0 rg BT 531.67 400.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (encourage ) Tj ET Q q 0 0 0 rg BT 122.04 388.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 158.16 388.75 Td (types ) Tj ET Q q 0 0 0 rg BT 184.84 388.75 Td (of ) Tj ET Q q 0 0 0 rg BT 195.96 388.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 247.66 388.75 Td (and ) Tj ET Q q 0 0 0 rg BT 267.12 388.75 Td (development ) Tj ET Q q 0 0 0 rg BT 327.16 388.75 Td (activity) Tj ET Q q 0 0 0 rg BT 356.98 388.75 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (Land ) Tj ET Q q 0 0 0 rg BT 98.67 367.75 Td (T) Tj ET Q q 0 0 0 rg BT 104.03 367.75 Td (enure) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (In ) Tj ET Q q 0 0 0 rg BT 84.61 346.75 Td (western ) Tj ET Q q 0 0 0 rg BT 123.89 346.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 165.97 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 184.14 346.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 212.86 346.75 Td (to ) Tj ET Q q 0 0 0 rg BT 225.47 346.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 254.75 346.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.03 346.75 Td (and ) Tj ET Q q 0 0 0 rg BT 289.98 346.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 324.83 346.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 345.22 346.75 Td (are ) Tj ET Q q 0 0 0 rg BT 363.94 346.75 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 431.02 346.75 Td (owned ) Tj ET Q q 0 0 0 rg BT 464.76 346.75 Td (by ) Tj ET Q q 0 0 0 rg BT 479.59 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.76 346.75 Td (provincial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (government. ) Tj ET Q q 0 0 0 rg BT 130.10 334.75 Td (Provincial ) Tj ET Q q 0 0 0 rg BT 175.97 334.75 Td (governments ) Tj ET Q q 0 0 0 rg BT 236.29 334.75 Td (grant ) Tj ET Q q 0 0 0 rg BT 261.60 334.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 288.57 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 299.43 334.75 Td (explore ) Tj ET Q q 0 0 0 rg BT 334.74 334.75 Td (for ) Tj ET Q q 0 0 0 rg BT 348.93 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 368.13 334.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 406.79 334.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 419.31 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 438.51 334.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 471.60 334.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 490.24 334.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 531.67 334.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (leases, ) Tj ET Q q 0 0 0 rg BT 105.91 322.75 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 147.04 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 165.94 322.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 200.95 322.75 Td (for ) Tj ET Q q 0 0 0 rg BT 214.84 322.75 Td (varying ) Tj ET Q q 0 0 0 rg BT 249.30 322.75 Td (terms, ) Tj ET Q q 0 0 0 rg BT 279.30 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 298.21 322.75 Td (on ) Tj ET Q q 0 0 0 rg BT 311.55 322.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 358.80 322.75 Td (set ) Tj ET Q q 0 0 0 rg BT 374.36 322.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 396.60 322.75 Td (in ) Tj ET Q q 0 0 0 rg BT 406.60 322.75 Td (provincial ) Tj ET Q q 0 0 0 rg BT 451.06 322.75 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 500.54 322.75 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 133.66 310.75 Td (to ) Tj ET Q q 0 0 0 rg BT 145.30 310.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 183.05 310.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 219.70 310.75 Td (work ) Tj ET Q q 0 0 0 rg BT 244.11 310.75 Td (or ) Tj ET Q q 0 0 0 rg BT 256.31 310.75 Td (make ) Tj ET Q q 0 0 0 rg BT 284.06 310.75 Td (payments. ) Tj ET Q q 0 0 0 rg BT 333.49 310.75 Td ( ) Tj ET Q q 0 0 0 rg BT 336.79 310.75 Td (In ) Tj ET Q q 0 0 0 rg BT 348.44 310.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.64 310.75 Td (United ) Tj ET Q q 0 0 0 rg BT 397.84 310.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 432.27 310.75 Td (private ) Tj ET Q q 0 0 0 rg BT 465.59 310.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 514.47 310.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 310.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 99.29 298.75 Td (to ) Tj ET Q q 0 0 0 rg BT 110.47 298.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 138.32 298.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 151.16 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 170.68 298.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 204.09 298.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.05 298.75 Td (is ) Tj ET Q q 0 0 0 rg BT 233.11 298.75 Td (predominant. ) Tj ET Q q 0 0 0 rg BT 294.31 298.75 Td ( ) Tj ET Q q 0 0 0 rg BT 297.15 298.75 Td ( ) Tj ET Q q 0 0 0 rg BT 299.99 298.75 Td (Where ) Tj ET Q q 0 0 0 rg BT 332.28 298.75 Td (mineral ) Tj ET Q q 0 0 0 rg BT 367.90 298.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 395.19 298.75 Td (are ) Tj ET Q q 0 0 0 rg BT 412.48 298.75 Td (privately ) Tj ET Q q 0 0 0 rg BT 452.55 298.75 Td (owned, ) Tj ET Q q 0 0 0 rg BT 487.64 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.37 298.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 531.66 298.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (explore ) Tj ET Q q 0 0 0 rg BT 107.16 286.75 Td (for ) Tj ET Q q 0 0 0 rg BT 121.20 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 140.25 286.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 178.75 286.75 Td (such ) Tj ET Q q 0 0 0 rg BT 202.24 286.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 214.61 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 233.66 286.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.60 286.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.09 286.75 Td (are ) Tj ET Q q 0 0 0 rg BT 301.91 286.75 Td (granted ) Tj ET Q q 0 0 0 rg BT 338.19 286.75 Td (by ) Tj ET Q q 0 0 0 rg BT 351.12 286.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 377.39 286.75 Td (on ) Tj ET Q q 0 0 0 rg BT 390.88 286.75 Td (such ) Tj ET Q q 0 0 0 rg BT 414.37 286.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 441.74 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 460.79 286.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 508.18 286.75 Td (as ) Tj ET Q q 0 0 0 rg BT 521.11 286.75 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (be ) Tj ET Q q 0 0 0 rg BT 86.23 274.75 Td (negotiated. ) Tj ET Q q 0 0 0 rg BT 138.82 274.75 Td ( ) Tj ET Q q 0 0 0 rg BT 141.92 274.75 Td (Private ) Tj ET Q q 0 0 0 rg BT 176.14 274.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 224.83 274.75 Td (of ) Tj ET Q q 0 0 0 rg BT 236.27 274.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 249.38 274.75 Td (and ) Tj ET Q q 0 0 0 rg BT 269.16 274.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 302.84 274.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 322.07 274.75 Td (also ) Tj ET Q q 0 0 0 rg BT 343.52 274.75 Td (exists ) Tj ET Q q 0 0 0 rg BT 372.18 274.75 Td (in ) Tj ET Q q 0 0 0 rg BT 383.07 274.75 Td (western ) Tj ET Q q 0 0 0 rg BT 421.18 274.75 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 462.09 274.75 Td ( ) Tj ET Q q 0 0 0 rg BT 465.20 274.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 523.32 274.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 262.75 Td (private ) Tj ET Q q 0 0 0 rg BT 104.34 262.75 Td (leases ) Tj ET Q q 0 0 0 rg BT 135.57 262.75 Td (are ) Tj ET Q q 0 0 0 rg BT 152.35 262.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 195.25 262.75 Td (granted ) Tj ET Q q 0 0 0 rg BT 231.49 262.75 Td (for ) Tj ET Q q 0 0 0 rg BT 245.48 262.75 Td (an ) Tj ET Q q 0 0 0 rg BT 258.93 262.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 284.04 262.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 307.49 262.75 Td (term ) Tj ET Q q 0 0 0 rg BT 329.81 262.75 Td (but ) Tj ET Q q 0 0 0 rg BT 346.04 262.75 Td (may ) Tj ET Q q 0 0 0 rg BT 367.25 262.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 410.16 262.75 Td (be ) Tj ET Q q 0 0 0 rg BT 423.60 262.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 469.30 262.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 509.98 262.75 Td (certain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (minimum ) Tj ET Q q 0 0 0 rg BT 116.15 250.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 145.30 250.75 Td (of ) Tj ET Q q 0 0 0 rg BT 157.23 250.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 189.72 250.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.01 250.75 Td (or ) Tj ET Q q 0 0 0 rg BT 252.49 250.75 Td (production ) Tj ET Q q 0 0 0 rg BT 302.78 250.75 Td (have ) Tj ET Q q 0 0 0 rg BT 328.05 250.75 Td (been ) Tj ET Q q 0 0 0 rg BT 353.89 250.75 Td (achieved ) Tj ET Q q 0 0 0 rg BT 397.51 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 417.78 250.75 Td (all ) Tj ET Q q 0 0 0 rg BT 431.38 250.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 458.87 250.75 Td (rentals ) Tj ET Q q 0 0 0 rg BT 492.48 250.75 Td (have ) Tj ET Q q 0 0 0 rg BT 517.75 250.75 Td (been ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 100.89 238.75 Td (paid, ) Tj ET Q q 0 0 0 rg BT 125.35 238.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 159.82 238.75 Td (to ) Tj ET Q q 0 0 0 rg BT 170.94 238.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.73 238.75 Td (exceptions. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 217.75 Td (o ) Tj ET Q q 0 0 0 rg BT 85.06 217.75 Td (develop ) Tj ET Q q 0 0 0 rg BT 122.59 217.75 Td (minerals, ) Tj ET Q q 0 0 0 rg BT 165.66 217.75 Td (including ) Tj ET Q q 0 0 0 rg BT 207.63 217.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 220.13 217.75 Td (and ) Tj ET Q q 0 0 0 rg BT 239.32 217.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 260.72 217.75 Td (it ) Tj ET Q q 0 0 0 rg BT 268.22 217.75 Td (is ) Tj ET Q q 0 0 0 rg BT 277.94 217.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 326.02 217.75 Td (for ) Tj ET Q q 0 0 0 rg BT 340.19 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.59 217.75 Td (mineral ) Tj ET Q q 0 0 0 rg BT 391.88 217.75 Td (estate ) Tj ET Q q 0 0 0 rg BT 421.62 217.75 Td (owner\(s\) ) Tj ET Q q 0 0 0 rg BT 463.02 217.75 Td (to ) Tj ET Q q 0 0 0 rg BT 473.86 217.75 Td (have ) Tj ET Q q 0 0 0 rg BT 498.04 217.75 Td (access ) Tj ET Q q 0 0 0 rg BT 531.66 217.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.85 205.75 Td (surface ) Tj ET Q q 0 0 0 rg BT 124.60 205.75 Td (estate. ) Tj ET Q q 0 0 0 rg BT 157.57 205.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 187.75 205.75 Td (common ) Tj ET Q q 0 0 0 rg BT 229.05 205.75 Td (law ) Tj ET Q q 0 0 0 rg BT 247.00 205.75 Td (in ) Tj ET Q q 0 0 0 rg BT 257.74 205.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 295.72 205.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.35 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 332.21 205.75 Td (United ) Tj ET Q q 0 0 0 rg BT 364.06 205.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 398.14 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.99 205.75 Td (mineral ) Tj ET Q q 0 0 0 rg BT 450.73 205.75 Td (estate ) Tj ET Q q 0 0 0 rg BT 480.92 205.75 Td (is ) Tj ET Q q 0 0 0 rg BT 491.10 205.75 Td (considered ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 87.51 193.75 Td ("dominant" ) Tj ET Q q 0 0 0 rg BT 137.35 193.75 Td (estate ) Tj ET Q q 0 0 0 rg BT 166.20 193.75 Td (with ) Tj ET Q q 0 0 0 rg BT 185.59 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 201.10 193.75 Td (right ) Tj ET Q q 0 0 0 rg BT 222.16 193.75 Td (to ) Tj ET Q q 0 0 0 rg BT 232.11 193.75 Td (extract ) Tj ET Q q 0 0 0 rg BT 263.73 193.75 Td (minerals ) Tj ET Q q 0 0 0 rg BT 303.12 193.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 336.41 193.75 Td (to ) Tj ET Q q 0 0 0 rg BT 346.36 193.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 397.45 193.75 Td (use ) Tj ET Q q 0 0 0 rg BT 415.18 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 425.13 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 440.64 193.75 Td (surface. ) Tj ET Q q 0 0 0 rg BT 477.82 193.75 Td (Each ) Tj ET Q q 0 0 0 rg BT 502.22 193.75 Td (province ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.16 181.75 Td (state ) Tj ET Q q 0 0 0 rg BT 115.32 181.75 Td (has ) Tj ET Q q 0 0 0 rg BT 133.93 181.75 Td (developed ) Tj ET Q q 0 0 0 rg BT 182.56 181.75 Td (and ) Tj ET Q q 0 0 0 rg BT 201.72 181.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 240.35 181.75 Td (their ) Tj ET Q q 0 0 0 rg BT 262.28 181.75 Td (own ) Tj ET Q q 0 0 0 rg BT 283.11 181.75 Td (statutes ) Tj ET Q q 0 0 0 rg BT 320.61 181.75 Td (that ) Tj ET Q q 0 0 0 rg BT 339.77 181.75 Td (operators ) Tj ET Q q 0 0 0 rg BT 384.49 181.75 Td (must ) Tj ET Q q 0 0 0 rg BT 408.64 181.75 Td (follow ) Tj ET Q q 0 0 0 rg BT 436.69 181.75 Td (both ) Tj ET Q q 0 0 0 rg BT 458.63 181.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 481.12 181.75 Td (to ) Tj ET Q q 0 0 0 rg BT 491.94 181.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 523.32 181.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 169.75 Td (following ) Tj ET Q q 0 0 0 rg BT 113.17 169.75 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 147.11 169.75 Td (including ) Tj ET Q q 0 0 0 rg BT 188.84 169.75 Td (notification ) Tj ET Q q 0 0 0 rg BT 238.91 169.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 299.52 169.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.47 169.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.63 169.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 376.91 169.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.50 169.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 452.02 169.75 Td (for ) Tj ET Q q 0 0 0 rg BT 465.95 169.75 Td (lost ) Tj ET Q q 0 0 0 rg BT 483.77 169.75 Td (land ) Tj ET Q q 0 0 0 rg BT 504.94 169.75 Td (use ) Tj ET Q q 0 0 0 rg BT 523.32 169.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 157.75 Td (surface ) Tj ET Q q 0 0 0 rg BT 107.50 157.75 Td (damages. ) Tj ET Q q 0 0 0 rg BT 153.95 157.75 Td (The ) Tj ET Q q 0 0 0 rg BT 173.89 157.75 Td (surface ) Tj ET Q q 0 0 0 rg BT 209.39 157.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 236.56 157.75 Td (required ) Tj ET Q q 0 0 0 rg BT 275.95 157.75 Td (for ) Tj ET Q q 0 0 0 rg BT 290.33 157.75 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 332.51 157.75 Td (and ) Tj ET Q q 0 0 0 rg BT 351.91 157.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 390.18 157.75 Td (are ) Tj ET Q q 0 0 0 rg BT 407.35 157.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 450.64 157.75 Td (governed ) Tj ET Q q 0 0 0 rg BT 495.04 157.75 Td (by ) Tj ET Q q 0 0 0 rg BT 508.31 157.75 Td (leases, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 145.75 Td (easements, ) Tj ET Q q 0 0 0 rg BT 126.47 145.75 Td (rights-of-way) Tj ET Q q 0 0 0 rg BT 182.97 145.75 Td (, ) Tj ET Q q 0 0 0 rg BT 188.52 145.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 224.08 145.75 Td (or ) Tj ET Q q 0 0 0 rg BT 235.75 145.75 Td (licenses ) Tj ET Q q 0 0 0 rg BT 274.66 145.75 Td (granted ) Tj ET Q q 0 0 0 rg BT 311.36 145.75 Td (by ) Tj ET Q q 0 0 0 rg BT 324.70 145.75 Td (landowners ) Tj ET Q q 0 0 0 rg BT 378.62 145.75 Td (or ) Tj ET Q q 0 0 0 rg BT 390.29 145.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 453.66 145.75 Td (authorities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (Liability ) Tj ET Q q 0 0 0 rg BT 112.56 124.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 176.46 124.75 Td (Rating ) Tj ET Q q 0 0 0 rg BT 210.35 124.75 Td (Programs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 103.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.44 103.75 Td (provinces ) Tj ET Q q 0 0 0 rg BT 136.45 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.57 103.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 180.46 103.75 Td (and ) Tj ET Q q 0 0 0 rg BT 199.36 103.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 266.61 103.75 Td (have ) Tj ET Q q 0 0 0 rg BT 290.51 103.75 Td (each ) Tj ET Q q 0 0 0 rg BT 314.41 103.75 Td (implemented ) Tj ET Q q 0 0 0 rg BT 373.87 103.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 404.97 103.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 437.19 103.75 Td (management ) Tj ET Q q 0 0 0 rg BT 497.77 103.75 Td (programs ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 91.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.20 91.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 117.41 91.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.17 91.75 Td (most ) Tj ET Q q 0 0 0 rg BT 152.26 91.75 Td (conventional ) Tj ET Q q 0 0 0 rg BT 210.83 91.75 Td (upstream ) Tj ET Q q 0 0 0 rg BT 254.93 91.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 267.35 91.75 Td (and ) Tj ET Q q 0 0 0 rg BT 286.45 91.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 304.99 91.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 332.42 91.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 370.40 91.75 Td (and ) Tj ET Q q 0 0 0 rg BT 389.50 91.75 Td (pipelines. ) Tj ET Q q 0 0 0 rg BT 434.01 91.75 Td (These ) Tj ET Q q 0 0 0 rg BT 464.22 91.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 508.88 91.75 Td (require ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 79.75 Td (a ) Tj ET Q q 0 0 0 rg BT 80.75 79.75 Td (licensee ) Tj ET Q q 0 0 0 rg BT 120.62 79.75 Td (whose ) Tj ET Q q 0 0 0 rg BT 152.71 79.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 192.04 79.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 233.01 79.75 Td (exceed ) Tj ET Q q 0 0 0 rg BT 268.44 79.75 Td (its ) Tj ET Q q 0 0 0 rg BT 281.63 79.75 Td (deemed ) Tj ET Q q 0 0 0 rg BT 320.95 79.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 353.04 79.75 Td (within ) Tj ET Q q 0 0 0 rg BT 381.79 79.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.88 79.75 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 449.30 79.75 Td (to ) Tj ET Q q 0 0 0 rg BT 460.83 79.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 496.81 79.75 Td (a ) Tj ET Q q 0 0 0 rg BT 505.56 79.75 Td (security ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I61 Do Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (deposit. ) Tj ET Q q 0 0 0 rg BT 111.41 712.75 Td (In ) Tj ET Q q 0 0 0 rg BT 124.14 712.75 Td (response ) Tj ET Q q 0 0 0 rg BT 169.66 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.38 712.75 Td (a ) Tj ET Q q 0 0 0 rg BT 192.33 712.75 Td (number ) Tj ET Q q 0 0 0 rg BT 230.62 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 243.35 712.75 Td (insolvencies, ) Tj ET Q q 0 0 0 rg BT 304.12 712.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 340.19 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 361.26 712.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 430.68 712.75 Td (have ) Tj ET Q q 0 0 0 rg BT 456.75 712.75 Td (made ) Tj ET Q q 0 0 0 rg BT 486.15 712.75 Td (their ) Tj ET Q q 0 0 0 rg BT 509.99 712.75 Td (liability ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (management ) Tj ET Q q 0 0 0 rg BT 132.88 700.75 Td (programs ) Tj ET Q q 0 0 0 rg BT 177.64 700.75 Td (more ) Tj ET Q q 0 0 0 rg BT 202.93 700.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 243.80 700.75 Td (in ) Tj ET Q q 0 0 0 rg BT 254.10 700.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 284.41 700.75 Td (years. ) Tj ET Q q 0 0 0 rg BT 314.16 700.75 Td ( ) Tj ET Q q 0 0 0 rg BT 316.67 700.75 Td (In ) Tj ET Q q 0 0 0 rg BT 327.53 700.75 Td (particular) Tj ET Q q 0 0 0 rg BT 368.10 700.75 Td (, ) Tj ET Q q 0 0 0 rg BT 373.40 700.75 Td (a ) Tj ET Q q 0 0 0 rg BT 381.47 700.75 Td (licensee ) Tj ET Q q 0 0 0 rg BT 420.68 700.75 Td (is ) Tj ET Q q 0 0 0 rg BT 430.41 700.75 Td (held ) Tj ET Q q 0 0 0 rg BT 451.84 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 462.69 700.75 Td (a ) Tj ET Q q 0 0 0 rg BT 470.77 700.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 501.08 700.75 Td (standard ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (when ) Tj ET Q q 0 0 0 rg BT 98.77 688.75 Td (accepting ) Tj ET Q q 0 0 0 rg BT 144.43 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 161.19 688.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 197.96 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 209.16 688.75 Td (licensees ) Tj ET Q q 0 0 0 rg BT 253.71 688.75 Td (from ) Tj ET Q q 0 0 0 rg BT 276.56 688.75 Td (a ) Tj ET Q q 0 0 0 rg BT 284.99 688.75 Td (third ) Tj ET Q q 0 0 0 rg BT 307.30 688.75 Td (party) Tj ET Q q 0 0 0 rg BT 328.79 688.75 Td (. ) Tj ET Q q 0 0 0 rg BT 334.43 688.75 Td ( ) Tj ET Q q 0 0 0 rg BT 337.10 688.75 Td (This ) Tj ET Q q 0 0 0 rg BT 358.85 688.75 Td (has ) Tj ET Q q 0 0 0 rg BT 377.83 688.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 416.83 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 433.59 688.75 Td (number ) Tj ET Q q 0 0 0 rg BT 470.36 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 481.56 688.75 Td (parties ) Tj ET Q q 0 0 0 rg BT 514.43 688.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (can ) Tj ET Q q 0 0 0 rg BT 90.90 676.75 Td (acquire ) Tj ET Q q 0 0 0 rg BT 126.48 676.75 Td (assets. ) Tj ET Q q 0 0 0 rg BT 160.94 676.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (In ) Tj ET Q q 0 0 0 rg BT 82.43 655.75 Td (T) Tj ET Q q 0 0 0 rg BT 87.43 655.75 Td (exas, ) Tj ET Q q 0 0 0 rg BT 113.57 655.75 Td (each ) Tj ET Q q 0 0 0 rg BT 137.49 655.75 Td (operator ) Tj ET Q q 0 0 0 rg BT 176.97 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.55 655.75 Td (a ) Tj ET Q q 0 0 0 rg BT 195.34 655.75 Td (well ) Tj ET Q q 0 0 0 rg BT 214.81 655.75 Td (must ) Tj ET Q q 0 0 0 rg BT 238.71 655.75 Td (file ) Tj ET Q q 0 0 0 rg BT 253.73 655.75 Td (a ) Tj ET Q q 0 0 0 rg BT 261.53 655.75 Td (bond, ) Tj ET Q q 0 0 0 rg BT 288.79 655.75 Td (letter ) Tj ET Q q 0 0 0 rg BT 313.25 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 323.83 655.75 Td (credit, ) Tj ET Q q 0 0 0 rg BT 353.30 655.75 Td (or ) Tj ET Q q 0 0 0 rg BT 364.43 655.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 387.78 655.75 Td (deposit ) Tj ET Q q 0 0 0 rg BT 422.27 655.75 Td (with ) Tj ET Q q 0 0 0 rg BT 442.29 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.42 655.75 Td (RRC. ) Tj ET Q q 0 0 0 rg BT 485.10 655.75 Td ( ) Tj ET Q q 0 0 0 rg BT 487.19 655.75 Td (The ) Tj ET Q q 0 0 0 rg BT 506.66 655.75 Td (amount ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.64 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.85 643.75 Td (bond, ) Tj ET Q q 0 0 0 rg BT 129.18 643.75 Td (letter ) Tj ET Q q 0 0 0 rg BT 154.71 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.35 643.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 194.11 643.75 Td (or ) Tj ET Q q 0 0 0 rg BT 206.30 643.75 Td (deposit ) Tj ET Q q 0 0 0 rg BT 241.85 643.75 Td (varies ) Tj ET Q q 0 0 0 rg BT 271.83 643.75 Td (by ) Tj ET Q q 0 0 0 rg BT 285.70 643.75 Td (number ) Tj ET Q q 0 0 0 rg BT 322.91 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 342.89 643.75 Td (type ) Tj ET Q q 0 0 0 rg BT 365.10 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.74 643.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 405.05 643.75 Td (but ) Tj ET Q q 0 0 0 rg BT 422.25 643.75 Td (is ) Tj ET Q q 0 0 0 rg BT 432.78 643.75 Td (not ) Tj ET Q q 0 0 0 rg BT 449.98 643.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 500.56 643.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 526.11 643.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.47 631.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 150.93 631.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.05 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.73 631.75 Td (operator) Tj ET Q q 0 0 0 rg BT 215.42 631.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 144.24 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 164.79 610.75 Td (Occupational ) Tj ET Q q 0 0 0 rg BT 230.92 610.75 Td (Safety ) Tj ET Q q 0 0 0 rg BT 263.71 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 284.27 610.75 Td (Health ) Tj ET Q q 0 0 0 rg BT 317.61 610.75 Td (Regulation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 589.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.78 589.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 104.34 589.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.58 589.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 156.71 589.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 175.39 589.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 212.95 589.75 Td (is ) Tj ET Q q 0 0 0 rg BT 222.73 589.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 263.63 589.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.86 589.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.76 589.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 349.67 589.75 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 417.81 589.75 Td (health ) Tj ET Q q 0 0 0 rg BT 447.61 589.75 Td (and ) Tj ET Q q 0 0 0 rg BT 466.85 589.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 496.08 589.75 Td (regulation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 577.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 114.37 577.75 Td (to ) Tj ET Q q 0 0 0 rg BT 126.16 577.75 Td (a ) Tj ET Q q 0 0 0 rg BT 135.17 577.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 168.08 577.75 Td (of ) Tj ET Q q 0 0 0 rg BT 179.87 577.75 Td (municipal, ) Tj ET Q q 0 0 0 rg BT 228.34 577.75 Td (provincial, ) Tj ET Q q 0 0 0 rg BT 276.81 577.75 Td (state ) Tj ET Q q 0 0 0 rg BT 301.94 577.75 Td (and ) Tj ET Q q 0 0 0 rg BT 322.07 577.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 356.10 577.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 397.35 577.75 Td (laws, ) Tj ET Q q 0 0 0 rg BT 423.58 577.75 Td (and ) Tj ET Q q 0 0 0 rg BT 443.72 577.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 496.09 577.75 Td (governing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 565.75 Td (occupational ) Tj ET Q q 0 0 0 rg BT 130.69 565.75 Td (health ) Tj ET Q q 0 0 0 rg BT 160.46 565.75 Td (and ) Tj ET Q q 0 0 0 rg BT 179.68 565.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 208.89 565.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 245.89 565.75 Td (of ) Tj ET Q q 0 0 0 rg BT 256.76 565.75 Td (our ) Tj ET Q q 0 0 0 rg BT 273.75 565.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 325.76 565.75 Td (the ) Tj ET Q q 0 0 0 rg BT 342.19 565.75 Td (spill, ) Tj ET Q q 0 0 0 rg BT 364.73 565.75 Td (release ) Tj ET Q q 0 0 0 rg BT 400.06 565.75 Td (or ) Tj ET Q q 0 0 0 rg BT 411.48 565.75 Td (emission ) Tj ET Q q 0 0 0 rg BT 453.48 565.75 Td (of ) Tj ET Q q 0 0 0 rg BT 464.35 565.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 507.45 565.75 Td (into ) Tj ET Q q 0 0 0 rg BT 526.10 565.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 553.75 Td (environment, ) Tj ET Q q 0 0 0 rg BT 131.75 553.75 Td (or ) Tj ET Q q 0 0 0 rg BT 142.59 553.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 187.33 553.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 222.07 553.75 Td (to ) Tj ET Q q 0 0 0 rg BT 232.35 553.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 297.11 553.75 Td (protection, ) Tj ET Q q 0 0 0 rg BT 345.75 553.75 Td (all ) Tj ET Q q 0 0 0 rg BT 357.70 553.75 Td (of ) Tj ET Q q 0 0 0 rg BT 367.98 553.75 Td (which ) Tj ET Q q 0 0 0 rg BT 395.49 553.75 Td (is ) Tj ET Q q 0 0 0 rg BT 404.66 553.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 438.29 553.75 Td (to ) Tj ET Q q 0 0 0 rg BT 448.57 553.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 511.10 553.75 Td (review ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.09 541.75 Td (revision ) Tj ET Q q 0 0 0 rg BT 125.95 541.75 Td (from ) Tj ET Q q 0 0 0 rg BT 147.36 541.75 Td (time ) Tj ET Q q 0 0 0 rg BT 167.65 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 177.40 541.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 200.47 541.75 Td ( ) Tj ET Q q 0 0 0 rg BT 201.87 541.75 Td (Such ) Tj ET Q q 0 0 0 rg BT 226.07 541.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 265.27 541.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 286.68 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 304.77 541.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 357.87 541.75 Td (among ) Tj ET Q q 0 0 0 rg BT 389.85 541.75 Td (other ) Tj ET Q q 0 0 0 rg BT 414.05 541.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 444.92 541.75 Td (require ) Tj ET Q q 0 0 0 rg BT 477.45 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 492.75 541.75 Td (acquisition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.27 529.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 118.98 529.75 Td (or ) Tj ET Q q 0 0 0 rg BT 130.79 529.75 Td (other ) Tj ET Q q 0 0 0 rg BT 156.51 529.75 Td (approvals ) Tj ET Q q 0 0 0 rg BT 202.80 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 214.06 529.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 252.02 529.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 283.84 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 303.45 529.75 Td (other ) Tj ET Q q 0 0 0 rg BT 329.17 529.75 Td (regulated ) Tj ET Q q 0 0 0 rg BT 373.80 529.75 Td (activities; ) Tj ET Q q 0 0 0 rg BT 417.85 529.75 Td (restrict ) Tj ET Q q 0 0 0 rg BT 450.77 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.60 529.75 Td (types, ) Tj ET Q q 0 0 0 rg BT 497.21 529.75 Td (quantities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.46 517.75 Td (concentration ) Tj ET Q q 0 0 0 rg BT 152.27 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.39 517.75 Td (various ) Tj ET Q q 0 0 0 rg BT 196.40 517.75 Td (substances ) Tj ET Q q 0 0 0 rg BT 248.76 517.75 Td (that ) Tj ET Q q 0 0 0 rg BT 267.21 517.75 Td (can ) Tj ET Q q 0 0 0 rg BT 285.11 517.75 Td (be ) Tj ET Q q 0 0 0 rg BT 298.01 517.75 Td (released ) Tj ET Q q 0 0 0 rg BT 338.14 517.75 Td (into ) Tj ET Q q 0 0 0 rg BT 356.04 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 371.71 517.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 428.52 517.75 Td (or ) Tj ET Q q 0 0 0 rg BT 439.18 517.75 Td (injected ) Tj ET Q q 0 0 0 rg BT 475.43 517.75 Td (into ) Tj ET Q q 0 0 0 rg BT 493.32 517.75 Td (formations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.87 505.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 134.33 505.75 Td (with ) Tj ET Q q 0 0 0 rg BT 155.21 505.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 168.30 505.75 Td (and ) Tj ET Q q 0 0 0 rg BT 188.08 505.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 221.74 505.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 240.96 505.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 272.95 505.75 Td (and ) Tj ET Q q 0 0 0 rg BT 292.72 505.75 Td (production ) Tj ET Q q 0 0 0 rg BT 342.51 505.75 Td (activities; ) Tj ET Q q 0 0 0 rg BT 386.73 505.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 407.59 505.75 Td (or ) Tj ET Q q 0 0 0 rg BT 419.57 505.75 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 455.46 505.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 487.45 505.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 528.89 505.75 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 105.69 493.75 Td (lands ) Tj ET Q q 0 0 0 rg BT 133.27 493.75 Td (lying ) Tj ET Q q 0 0 0 rg BT 157.51 493.75 Td (within ) Tj ET Q q 0 0 0 rg BT 186.75 493.75 Td (wilderness, ) Tj ET Q q 0 0 0 rg BT 240.45 493.75 Td (wetlands ) Tj ET Q q 0 0 0 rg BT 283.59 493.75 Td (and ) Tj ET Q q 0 0 0 rg BT 303.95 493.75 Td (other ) Tj ET Q q 0 0 0 rg BT 330.42 493.75 Td (protected ) Tj ET Q q 0 0 0 rg BT 375.79 493.75 Td (areas; ) Tj ET Q q 0 0 0 rg BT 407.25 493.75 Td (require ) Tj ET Q q 0 0 0 rg BT 442.06 493.75 Td (remedial ) Tj ET Q q 0 0 0 rg BT 484.08 493.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 531.66 493.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 108.49 481.75 Td (pollution ) Tj ET Q q 0 0 0 rg BT 147.22 481.75 Td (from ) Tj ET Q q 0 0 0 rg BT 168.70 481.75 Td (former ) Tj ET Q q 0 0 0 rg BT 199.07 481.75 Td (and ) Tj ET Q q 0 0 0 rg BT 217.23 481.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 254.30 481.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 305.25 481.75 Td (such ) Tj ET Q q 0 0 0 rg BT 327.85 481.75 Td (as ) Tj ET Q q 0 0 0 rg BT 339.89 481.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 399.73 481.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.55 481.75 Td (close ) Tj ET Q q 0 0 0 rg BT 434.37 481.75 Td (pits ) Tj ET Q q 0 0 0 rg BT 451.41 481.75 Td (and ) Tj ET Q q 0 0 0 rg BT 469.57 481.75 Td (plug ) Tj ET Q q 0 0 0 rg BT 489.95 481.75 Td (abandoned ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (wells; ) Tj ET Q q 0 0 0 rg BT 101.54 469.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 138.32 469.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 176.20 469.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 207.42 469.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.64 469.75 Td (health ) Tj ET Q q 0 0 0 rg BT 260.42 469.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 294.96 469.75 Td (addressing ) Tj ET Q q 0 0 0 rg BT 348.42 469.75 Td (worker ) Tj ET Q q 0 0 0 rg BT 382.97 469.75 Td (protection; ) Tj ET Q q 0 0 0 rg BT 434.20 469.75 Td (and ) Tj ET Q q 0 0 0 rg BT 455.42 469.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 492.19 469.75 Td (substantial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 114.49 457.75 Td (for ) Tj ET Q q 0 0 0 rg BT 130.86 457.75 Td (pollution ) Tj ET Q q 0 0 0 rg BT 172.81 457.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 215.31 457.75 Td (from ) Tj ET Q q 0 0 0 rg BT 240.01 457.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 273.61 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.00 457.75 Td (production ) Tj ET Q q 0 0 0 rg BT 346.39 457.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 400.57 457.75 Td (In ) Tj ET Q q 0 0 0 rg BT 413.61 457.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 456.12 457.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 498.61 457.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 523.32 457.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 123.89 445.75 Td (set ) Tj ET Q q 0 0 0 rg BT 140.21 445.75 Td (out ) Tj ET Q q 0 0 0 rg BT 157.08 445.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.96 445.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 235.29 445.75 Td (with ) Tj ET Q q 0 0 0 rg BT 256.05 445.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 291.81 445.75 Td (to ) Tj ET Q q 0 0 0 rg BT 303.13 445.75 Td (oilfield ) Tj ET Q q 0 0 0 rg BT 334.45 445.75 Td (waste ) Tj ET Q q 0 0 0 rg BT 363.55 445.75 Td (handling ) Tj ET Q q 0 0 0 rg BT 404.33 445.75 Td (and ) Tj ET Q q 0 0 0 rg BT 423.99 445.75 Td (storage, ) Tj ET Q q 0 0 0 rg BT 463.10 445.75 Td (habitat ) Tj ET Q q 0 0 0 rg BT 496.10 445.75 Td (protection ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 93.64 433.75 Td (the ) Tj ET Q q 0 0 0 rg BT 112.49 433.75 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 168.01 433.75 Td (operation, ) Tj ET Q q 0 0 0 rg BT 217.44 433.75 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 282.43 433.75 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 348.54 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 370.18 433.75 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 426.82 433.75 Td (of ) Tj ET Q q 0 0 0 rg BT 440.11 433.75 Td (well ) Tj ET Q q 0 0 0 rg BT 462.29 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 483.92 433.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 516.66 433.75 Td (sites. ) Tj ET Q q 0 0 0 rg BT 542.78 433.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 421.75 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 127.86 421.75 Td (with ) Tj ET Q q 0 0 0 rg BT 148.69 421.75 Td (such ) Tj ET Q q 0 0 0 rg BT 172.87 421.75 Td (controls, ) Tj ET Q q 0 0 0 rg BT 213.72 421.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 236.78 421.75 Td (and ) Tj ET Q q 0 0 0 rg BT 256.51 421.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 308.49 421.75 Td (can ) Tj ET Q q 0 0 0 rg BT 327.67 421.75 Td (require ) Tj ET Q q 0 0 0 rg BT 361.85 421.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 409.37 421.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 469.68 421.75 Td (and ) Tj ET Q q 0 0 0 rg BT 489.42 421.75 Td (a ) Tj ET Q q 0 0 0 rg BT 498.04 421.75 Td (breach ) Tj ET Q q 0 0 0 rg BT 531.67 421.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (such ) Tj ET Q q 0 0 0 rg BT 94.79 409.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 154.81 409.75 Td (may ) Tj ET Q q 0 0 0 rg BT 175.37 409.75 Td (result ) Tj ET Q q 0 0 0 rg BT 201.49 409.75 Td (in ) Tj ET Q q 0 0 0 rg BT 210.94 409.75 Td (suspension ) Tj ET Q q 0 0 0 rg BT 263.20 409.75 Td (or ) Tj ET Q q 0 0 0 rg BT 273.75 409.75 Td (revocation ) Tj ET Q q 0 0 0 rg BT 321.56 409.75 Td (of ) Tj ET Q q 0 0 0 rg BT 331.56 409.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 378.81 409.75 Td (licenses ) Tj ET Q q 0 0 0 rg BT 416.60 409.75 Td (and ) Tj ET Q q 0 0 0 rg BT 434.95 409.75 Td (authorizations, ) Tj ET Q q 0 0 0 rg BT 501.66 409.75 Td (remedial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 397.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 125.37 397.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 144.81 397.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 177.60 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 197.06 397.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.74 397.75 Td (imposition ) Tj ET Q q 0 0 0 rg BT 261.54 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.66 397.75 Td (material ) Tj ET Q q 0 0 0 rg BT 311.00 397.75 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 378.25 397.75 Td (civil ) Tj ET Q q 0 0 0 rg BT 397.69 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 417.16 397.75 Td (criminal ) Tj ET Q q 0 0 0 rg BT 454.38 397.75 Td (penalties.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 376.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 137.34 376.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 183.23 376.75 Td (in ) Tj ET Q q 0 0 0 rg BT 192.44 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.76 376.75 Td (Province ) Tj ET Q q 0 0 0 rg BT 248.09 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 257.56 376.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 290.67 376.75 Td (is, ) Tj ET Q q 0 0 0 rg BT 302.09 376.75 Td (for ) Tj ET Q q 0 0 0 rg BT 315.18 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.50 376.75 Td (most ) Tj ET Q q 0 0 0 rg BT 353.59 376.75 Td (part, ) Tj ET Q q 0 0 0 rg BT 375.02 376.75 Td (set ) Tj ET Q q 0 0 0 rg BT 389.78 376.75 Td (out ) Tj ET Q q 0 0 0 rg BT 405.10 376.75 Td (in ) Tj ET Q q 0 0 0 rg BT 414.31 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 429.63 376.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 494.97 376.75 Td (Protection ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.30 364.75 Td (Enhancement ) Tj ET Q q 0 0 0 rg BT 155.10 364.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 172.16 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 191.46 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.97 364.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 222.81 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.10 364.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 263.06 364.75 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 324.07 364.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 343.91 364.75 Td (which ) Tj ET Q q 0 0 0 rg BT 372.09 364.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 406.94 364.75 Td (strict ) Tj ET Q q 0 0 0 rg BT 430.66 364.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 496.09 364.75 Td (standards ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td (with ) Tj ET Q q 0 0 0 rg BT 93.77 352.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 130.55 352.75 Td (to ) Tj ET Q q 0 0 0 rg BT 142.87 352.75 Td (releases ) Tj ET Q q 0 0 0 rg BT 184.66 352.75 Td (of ) Tj ET Q q 0 0 0 rg BT 196.98 352.75 Td (ef) Tj ET Q q 0 0 0 rg BT 205.14 352.75 Td (fluents ) Tj ET Q q 0 0 0 rg BT 238.59 352.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.26 352.75 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 310.48 352.75 Td (including ) Tj ET Q q 0 0 0 rg BT 353.94 352.75 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 404.62 352.75 Td (and ) Tj ET Q q 0 0 0 rg BT 425.29 352.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 468.74 352.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 523.32 352.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 106.41 340.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 153.04 340.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 195.24 340.75 Td (for ) Tj ET Q q 0 0 0 rg BT 209.08 340.75 Td (non-compliance. ) Tj ET Q q 0 0 0 rg BT 284.62 340.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 350.71 340.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 397.36 340.75 Td (in ) Tj ET Q q 0 0 0 rg BT 407.31 340.75 Td (the ) Tj ET Q q 0 0 0 rg BT 423.38 340.75 Td (Province ) Tj ET Q q 0 0 0 rg BT 464.46 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 474.97 340.75 Td (Saskatchewan ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (is, ) Tj ET Q q 0 0 0 rg BT 85.31 328.75 Td (for ) Tj ET Q q 0 0 0 rg BT 100.29 328.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.49 328.75 Td (most ) Tj ET Q q 0 0 0 rg BT 142.47 328.75 Td (part, ) Tj ET Q q 0 0 0 rg BT 165.79 328.75 Td (set ) Tj ET Q q 0 0 0 rg BT 182.44 328.75 Td (out ) Tj ET Q q 0 0 0 rg BT 199.65 328.75 Td (in ) Tj ET Q q 0 0 0 rg BT 210.74 328.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.95 328.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 295.17 328.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 356.85 328.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.84 328.75 Td (Protection ) Tj ET Q q 0 0 0 rg BT 424.52 328.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 445.05 328.75 Td (2002 ) Tj ET Q q 0 0 0 rg BT 470.61 328.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.60 328.75 Td (the ) Tj ET Q q 0 0 0 rg BT 507.81 328.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 523.34 328.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 316.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 92.99 316.75 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 154.03 316.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 173.90 316.75 Td (which ) Tj ET Q q 0 0 0 rg BT 202.12 316.75 Td (regulate ) Tj ET Q q 0 0 0 rg BT 240.90 316.75 Td (harmful ) Tj ET Q q 0 0 0 rg BT 276.89 316.75 Td (or ) Tj ET Q q 0 0 0 rg BT 288.43 316.75 Td (potentially ) Tj ET Q q 0 0 0 rg BT 336.11 316.75 Td (harmful ) Tj ET Q q 0 0 0 rg BT 372.10 316.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 413.09 316.75 Td (and ) Tj ET Q q 0 0 0 rg BT 432.42 316.75 Td (substances, ) Tj ET Q q 0 0 0 rg BT 488.43 316.75 Td (any ) Tj ET Q q 0 0 0 rg BT 507.20 316.75 Td (release ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 304.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 304.75 Td (such ) Tj ET Q q 0 0 0 rg BT 107.02 304.75 Td (substances, ) Tj ET Q q 0 0 0 rg BT 163.16 304.75 Td (and ) Tj ET Q q 0 0 0 rg BT 182.63 304.75 Td (remediation ) Tj ET Q q 0 0 0 rg BT 237.65 304.75 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 291.02 304.75 Td ( ) Tj ET Q q 0 0 0 rg BT 293.80 304.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (In ) Tj ET Q q 0 0 0 rg BT 84.87 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 103.31 283.75 Td (United ) Tj ET Q q 0 0 0 rg BT 136.75 283.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 172.41 283.75 Td (occupational ) Tj ET Q q 0 0 0 rg BT 233.09 283.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 264.31 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 285.52 283.75 Td (health, ) Tj ET Q q 0 0 0 rg BT 320.08 283.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 387.43 283.75 Td (conservation, ) Tj ET Q q 0 0 0 rg BT 451.44 283.75 Td (cultural ) Tj ET Q q 0 0 0 rg BT 488.21 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 509.43 283.75 Td (natural ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (resources ) Tj ET Q q 0 0 0 rg BT 119.52 271.75 Td (protection ) Tj ET Q q 0 0 0 rg BT 167.04 271.75 Td (are ) Tj ET Q q 0 0 0 rg BT 185.10 271.75 Td (administered ) Tj ET Q q 0 0 0 rg BT 245.97 271.75 Td (by ) Tj ET Q q 0 0 0 rg BT 260.14 271.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 308.21 271.75 Td (agencies ) Tj ET Q q 0 0 0 rg BT 351.85 271.75 Td (under ) Tj ET Q q 0 0 0 rg BT 381.04 271.75 Td (multiple ) Tj ET Q q 0 0 0 rg BT 419.11 271.75 Td (statutes, ) Tj ET Q q 0 0 0 rg BT 460.52 271.75 Td (as ) Tj ET Q q 0 0 0 rg BT 474.69 271.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 520.00 271.75 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 259.75 Td (time ) Tj ET Q q 0 0 0 rg BT 93.65 259.75 Td (to ) Tj ET Q q 0 0 0 rg BT 104.76 259.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 129.19 259.75 Td ( ) Tj ET Q q 0 0 0 rg BT 131.77 259.75 Td (The ) Tj ET Q q 0 0 0 rg BT 151.77 259.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 217.34 259.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.79 259.75 Td (occupational ) Tj ET Q q 0 0 0 rg BT 295.71 259.75 Td (health ) Tj ET Q q 0 0 0 rg BT 325.72 259.75 Td (and ) Tj ET Q q 0 0 0 rg BT 345.17 259.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 374.61 259.75 Td (agencies ) Tj ET Q q 0 0 0 rg BT 417.40 259.75 Td (that ) Tj ET Q q 0 0 0 rg BT 436.84 259.75 Td (most ) Tj ET Q q 0 0 0 rg BT 461.28 259.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 515.73 259.75 Td (af) Tj ET Q q 0 0 0 rg BT 523.89 259.75 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td (our ) Tj ET Q q 0 0 0 rg BT 91.30 247.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 142.84 247.75 Td (include ) Tj ET Q q 0 0 0 rg BT 179.38 247.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.13 247.75 Td (Federal ) Tj ET Q q 0 0 0 rg BT 236.88 247.75 Td (Occupational ) Tj ET Q q 0 0 0 rg BT 300.10 247.75 Td (Safety ) Tj ET Q q 0 0 0 rg BT 333.29 247.75 Td (and ) Tj ET Q q 0 0 0 rg BT 354.82 247.75 Td (Health ) Tj ET Q q 0 0 0 rg BT 387.61 247.75 Td (Administration ) Tj ET Q q 0 0 0 rg BT 455.82 247.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.70 247.75 Td (OSHA) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.59 247.75 Td ("\), ) Tj ET Q q 0 0 0 rg BT 506.09 247.75 Td (Federal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 235.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 138.71 235.75 Td (Protection ) Tj ET Q q 0 0 0 rg BT 185.96 235.75 Td (Agency ) Tj ET Q q 0 0 0 rg BT 222.11 235.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.99 235.75 Td (EP) Tj ET Q q 0 0 0 rg BT 241.58 235.75 Td (A) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.81 235.75 Td ("\), ) Tj ET Q q 0 0 0 rg BT 261.07 235.75 Td (T) Tj ET Q q 0 0 0 rg BT 266.07 235.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 289.98 235.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 347.77 235.75 Td (on ) Tj ET Q q 0 0 0 rg BT 361.68 235.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 428.39 235.75 Td (Quality ) Tj ET Q q 0 0 0 rg BT 462.30 235.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.18 235.75 Td (TCEQ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 496.96 235.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 506.63 235.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.10 235.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 223.75 Td (RRC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 202.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.78 202.75 Td (OSHA) Tj ET Q q 0 0 0 rg BT 118.56 202.75 Td ( ) Tj ET Q q 0 0 0 rg BT 120.11 202.75 Td (regulates ) Tj ET Q q 0 0 0 rg BT 162.79 202.75 Td (working ) Tj ET Q q 0 0 0 rg BT 198.79 202.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 245.36 202.75 Td (by ) Tj ET Q q 0 0 0 rg BT 257.47 202.75 Td (setting ) Tj ET Q q 0 0 0 rg BT 288.48 202.75 Td (and ) Tj ET Q q 0 0 0 rg BT 306.71 202.75 Td (enforcing ) Tj ET Q q 0 0 0 rg BT 349.39 202.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 377.61 202.75 Td (and ) Tj ET Q q 0 0 0 rg BT 395.84 202.75 Td (health ) Tj ET Q q 0 0 0 rg BT 424.63 202.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 470.09 202.75 Td (through ) Tj ET Q q 0 0 0 rg BT 505.55 202.75 Td (multiple ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 190.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 104.86 190.75 Td (Acts ) Tj ET Q q 0 0 0 rg BT 127.15 190.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.34 190.75 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 186.77 190.75 Td (most ) Tj ET Q q 0 0 0 rg BT 211.28 190.75 Td (notably ) Tj ET Q q 0 0 0 rg BT 246.38 190.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.13 190.75 Td (Occupational ) Tj ET Q q 0 0 0 rg BT 324.34 190.75 Td (Safety ) Tj ET Q q 0 0 0 rg BT 355.54 190.75 Td (and ) Tj ET Q q 0 0 0 rg BT 375.07 190.75 Td (Health ) Tj ET Q q 0 0 0 rg BT 406.26 190.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 423.56 190.75 Td (of ) Tj ET Q q 0 0 0 rg BT 434.74 190.75 Td (1970. ) Tj ET Q q 0 0 0 rg BT 462.62 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 465.46 190.75 Td (OSHA) Tj ET Q q 0 0 0 rg BT 493.25 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 496.10 190.75 Td (frequently ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 178.75 Td (amends/updates ) Tj ET Q q 0 0 0 rg BT 148.42 178.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 202.61 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 221.78 178.75 Td (has ) Tj ET Q q 0 0 0 rg BT 240.38 178.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 277.88 178.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 323.72 178.75 Td (its ) Tj ET Q q 0 0 0 rg BT 336.21 178.75 Td (attention ) Tj ET Q q 0 0 0 rg BT 377.06 178.75 Td (given ) Tj ET Q q 0 0 0 rg BT 403.45 178.75 Td (to ) Tj ET Q q 0 0 0 rg BT 414.27 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 430.66 178.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 443.14 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 462.31 178.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 480.92 178.75 Td (industry) Tj ET Q q 0 0 0 rg BT 515.19 178.75 Td (. ) Tj ET Q q 0 0 0 rg BT 520.45 178.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.78 178.75 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 166.75 Td (EP) Tj ET Q q 0 0 0 rg BT 84.60 166.75 Td (A) Tj ET Q q 0 0 0 rg BT 90.72 166.75 Td ( ) Tj ET Q q 0 0 0 rg BT 93.48 166.75 Td (regulates ) Tj ET Q q 0 0 0 rg BT 137.39 166.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 178.50 166.75 Td (that ) Tj ET Q q 0 0 0 rg BT 197.94 166.75 Td (could ) Tj ET Q q 0 0 0 rg BT 224.61 166.75 Td (af) Tj ET Q q 0 0 0 rg BT 232.77 166.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 251.66 166.75 Td (human ) Tj ET Q q 0 0 0 rg BT 285.00 166.75 Td (health ) Tj ET Q q 0 0 0 rg BT 315.01 166.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.46 166.75 Td (the ) Tj ET Q q 0 0 0 rg BT 351.13 166.75 Td (environment. ) Tj ET Q q 0 0 0 rg BT 411.70 166.75 Td ( ) Tj ET Q q 0 0 0 rg BT 414.47 166.75 Td (It ) Tj ET Q q 0 0 0 rg BT 422.79 166.75 Td (derives ) Tj ET Q q 0 0 0 rg BT 457.80 166.75 Td (its ) Tj ET Q q 0 0 0 rg BT 470.56 166.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 511.68 166.75 Td (from ) Tj ET Q q 0 0 0 rg BT 534.45 166.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 154.75 Td (long ) Tj ET Q q 0 0 0 rg BT 93.56 154.75 Td (list ) Tj ET Q q 0 0 0 rg BT 108.43 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.89 154.75 Td (Acts ) Tj ET Q q 0 0 0 rg BT 140.99 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 151.98 154.75 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 200.21 154.75 Td (including ) Tj ET Q q 0 0 0 rg BT 242.33 154.75 Td (the ) Tj ET Q q 0 0 0 rg BT 258.89 154.75 Td (Clean ) Tj ET Q q 0 0 0 rg BT 287.67 154.75 Td (W) Tj ET Q q 0 0 0 rg BT 296.73 154.75 Td (ater ) Tj ET Q q 0 0 0 rg BT 316.09 154.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 335.97 154.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.52 154.75 Td (Clean ) Tj ET Q q 0 0 0 rg BT 380.77 154.75 Td (Air ) Tj ET Q q 0 0 0 rg BT 395.12 154.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 414.99 154.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.55 154.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 446.42 154.75 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 486.90 154.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 504.00 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 514.99 154.75 Td (1990, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 142.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.24 142.75 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 162.61 142.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 229.87 142.75 Td (Response, ) Tj ET Q q 0 0 0 rg BT 281.02 142.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 348.84 142.75 Td (and ) Tj ET Q q 0 0 0 rg BT 368.86 142.75 Td (Liability ) Tj ET Q q 0 0 0 rg BT 404.89 142.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 422.67 142.75 Td (of ) Tj ET Q q 0 0 0 rg BT 434.35 142.75 Td (1980 ) Tj ET Q q 0 0 0 rg BT 459.94 142.75 Td (and ) Tj ET Q q 0 0 0 rg BT 479.96 142.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.20 142.75 Td (Resource ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 130.75 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 134.77 130.75 Td (and ) Tj ET Q q 0 0 0 rg BT 155.31 130.75 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 200.63 130.75 Td (Act. ) Tj ET Q q 0 0 0 rg BT 221.45 130.75 Td (The ) Tj ET Q q 0 0 0 rg BT 242.54 130.75 Td (EP) Tj ET Q q 0 0 0 rg BT 255.13 130.75 Td (A) Tj ET Q q 0 0 0 rg BT 261.25 130.75 Td ( ) Tj ET Q q 0 0 0 rg BT 265.10 130.75 Td (establishes ) Tj ET Q q 0 0 0 rg BT 318.98 130.75 Td (and ) Tj ET Q q 0 0 0 rg BT 339.52 130.75 Td (strictly ) Tj ET Q q 0 0 0 rg BT 371.70 130.75 Td (enforces ) Tj ET Q q 0 0 0 rg BT 413.90 130.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 461.67 130.75 Td (for ) Tj ET Q q 0 0 0 rg BT 477.19 130.75 Td (environmental ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 118.75 Td (pollution. ) Tj ET Q q 0 0 0 rg BT 114.22 118.75 Td (At ) Tj ET Q q 0 0 0 rg BT 126.39 118.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.02 118.75 Td (state ) Tj ET Q q 0 0 0 rg BT 167.43 118.75 Td (level ) Tj ET Q q 0 0 0 rg BT 190.72 118.75 Td (in ) Tj ET Q q 0 0 0 rg BT 201.06 118.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.06 118.75 Td (exas, ) Tj ET Q q 0 0 0 rg BT 232.69 118.75 Td (the ) Tj ET Q q 0 0 0 rg BT 249.14 118.75 Td (TCEQ ) Tj ET Q q 0 0 0 rg BT 279.65 118.75 Td (regulates ) Tj ET Q q 0 0 0 rg BT 323.51 118.75 Td (public ) Tj ET Q q 0 0 0 rg BT 352.37 118.75 Td (health ) Tj ET Q q 0 0 0 rg BT 382.34 118.75 Td (and ) Tj ET Q q 0 0 0 rg BT 401.75 118.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 435.06 118.75 Td (resources, ) Tj ET Q q 0 0 0 rg BT 484.47 118.75 Td (including ) Tj ET Q q 0 0 0 rg BT 526.67 118.75 Td (air) Tj ET Q q 0 0 0 rg BT 537.23 118.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 106.75 Td (water ) Tj ET Q q 0 0 0 rg BT 98.94 106.75 Td (and ) Tj ET Q q 0 0 0 rg BT 118.10 106.75 Td (waste, ) Tj ET Q q 0 0 0 rg BT 149.49 106.75 Td (and ) Tj ET Q q 0 0 0 rg BT 168.65 106.75 Td (the ) Tj ET Q q 0 0 0 rg BT 185.04 106.75 Td (RRC ) Tj ET Q q 0 0 0 rg BT 209.18 106.75 Td (regulates ) Tj ET Q q 0 0 0 rg BT 252.80 106.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.19 106.75 Td (stewardship ) Tj ET Q q 0 0 0 rg BT 325.03 106.75 Td (of ) Tj ET Q q 0 0 0 rg BT 335.85 106.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 348.34 106.75 Td (and ) Tj ET Q q 0 0 0 rg BT 367.51 106.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 400.57 106.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 419.17 106.75 Td (resources, ) Tj ET Q q 0 0 0 rg BT 468.34 106.75 Td (along ) Tj ET Q q 0 0 0 rg BT 495.29 106.75 Td (with ) Tj ET Q q 0 0 0 rg BT 515.55 106.75 Td (some ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 94.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 108.30 94.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.47 94.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 183.11 94.75 Td (protection ) Tj ET Q q 0 0 0 rg BT 228.86 94.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.38 94.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 275.89 94.75 Td (related ) Tj ET Q q 0 0 0 rg BT 308.30 94.75 Td (to ) Tj ET Q q 0 0 0 rg BT 318.48 94.75 Td (extraction ) Tj ET Q q 0 0 0 rg BT 363.66 94.75 Td (of ) Tj ET Q q 0 0 0 rg BT 373.84 94.75 Td (those ) Tj ET Q q 0 0 0 rg BT 400.13 94.75 Td (resources. ) Tj ET Q q 0 0 0 rg BT 448.53 94.75 Td (The ) Tj ET Q q 0 0 0 rg BT 467.59 94.75 Td (RRC ) Tj ET Q q 0 0 0 rg BT 491.09 94.75 Td (regulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 82.75 Td (establish ) Tj ET Q q 0 0 0 rg BT 114.25 82.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 179.84 82.75 Td (remediation ) Tj ET Q q 0 0 0 rg BT 234.87 82.75 Td (and ) Tj ET Q q 0 0 0 rg BT 254.33 82.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 296.58 82.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 329.36 82.75 Td (for ) Tj ET Q q 0 0 0 rg BT 343.81 82.75 Td (the ) Tj ET Q q 0 0 0 rg BT 360.49 82.75 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 398.29 82.75 Td (of ) Tj ET Q q 0 0 0 rg BT 409.41 82.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 422.20 82.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.66 82.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 486.14 82.75 Td (water ) Tj ET Q q 0 0 0 rg BT 513.37 82.75 Td (spills. ) Tj ET Q q 0 0 0 rg BT 541.15 82.75 Td ( ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I62 Do Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (45) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Climate ) Tj ET Q q 0 0 0 rg BT 110.90 712.75 Td (Change ) Tj ET Q q 0 0 0 rg BT 150.35 712.75 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 204.79 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.35 712.75 Td (Litigation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 691.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 110.72 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 131.09 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.69 691.75 Td (United ) Tj ET Q q 0 0 0 rg BT 181.28 691.75 Td (States ) Tj ET Q q 0 0 0 rg BT 213.32 691.75 Td (are ) Tj ET Q q 0 0 0 rg BT 231.46 691.75 Td (signatories ) Tj ET Q q 0 0 0 rg BT 283.51 691.75 Td (to ) Tj ET Q q 0 0 0 rg BT 295.54 691.75 Td (the ) Tj ET Q q 0 0 0 rg BT 313.13 691.75 Td (United ) Tj ET Q q 0 0 0 rg BT 345.73 691.75 Td (Nations ) Tj ET Q q 0 0 0 rg BT 383.33 691.75 Td (Framework ) Tj ET Q q 0 0 0 rg BT 437.02 691.75 Td (Convention ) Tj ET Q q 0 0 0 rg BT 491.30 691.75 Td (on ) Tj ET Q q 0 0 0 rg BT 506.12 691.75 Td (Climate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (Change ) Tj ET Q q 0 0 0 rg BT 109.25 679.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 128.70 679.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.25 679.75 Td (UNFCCC) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.47 679.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 183.56 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 202.47 679.75 Td (are ) Tj ET Q q 0 0 0 rg BT 219.14 679.75 Td (participants ) Tj ET Q q 0 0 0 rg BT 272.50 679.75 Td (in ) Tj ET Q q 0 0 0 rg BT 282.50 679.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.62 679.75 Td (Copenhagen ) Tj ET Q q 0 0 0 rg BT 357.68 679.75 Td (Accord ) Tj ET Q q 0 0 0 rg BT 391.02 679.75 Td (\(a ) Tj ET Q q 0 0 0 rg BT 402.13 679.75 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 456.61 679.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 506.64 679.75 Td (created ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (by ) Tj ET Q q 0 0 0 rg BT 84.47 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.28 667.75 Td (UNFCCC ) Tj ET Q q 0 0 0 rg BT 144.40 667.75 Td (which ) Tj ET Q q 0 0 0 rg BT 171.88 667.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 221.03 667.75 Td (a ) Tj ET Q q 0 0 0 rg BT 228.50 667.75 Td (broad ) Tj ET Q q 0 0 0 rg BT 255.98 667.75 Td (political ) Tj ET Q q 0 0 0 rg BT 291.24 667.75 Td (consensus ) Tj ET Q q 0 0 0 rg BT 340.95 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 359.54 667.75 Td (reinforces ) Tj ET Q q 0 0 0 rg BT 405.36 667.75 Td (commitments ) Tj ET Q q 0 0 0 rg BT 466.72 667.75 Td (to ) Tj ET Q q 0 0 0 rg BT 476.96 667.75 Td (reducing ) Tj ET Q q 0 0 0 rg BT 517.23 667.75 Td (GHG ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (emissions\). ) Tj ET Q q 0 0 0 rg BT 127.12 655.75 Td (Both ) Tj ET Q q 0 0 0 rg BT 152.25 655.75 Td (governments ) Tj ET Q q 0 0 0 rg BT 214.61 655.75 Td (also ) Tj ET Q q 0 0 0 rg BT 237.51 655.75 Td (signed ) Tj ET Q q 0 0 0 rg BT 271.54 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 290.00 655.75 Td (Paris ) Tj ET Q q 0 0 0 rg BT 316.43 655.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 369.90 655.75 Td (in ) Tj ET Q q 0 0 0 rg BT 382.24 655.75 Td (December ) Tj ET Q q 0 0 0 rg BT 432.93 655.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 462.51 655.75 Td (which ) Tj ET Q q 0 0 0 rg BT 492.63 655.75 Td (included ) Tj ET Q q 0 0 0 rg BT 534.44 655.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (commitment ) Tj ET Q q 0 0 0 rg BT 128.96 643.75 Td (to ) Tj ET Q q 0 0 0 rg BT 139.81 643.75 Td (keep ) Tj ET Q q 0 0 0 rg BT 164.00 643.75 Td (any ) Tj ET Q q 0 0 0 rg BT 182.63 643.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 222.94 643.75 Td (in ) Tj ET Q q 0 0 0 rg BT 233.23 643.75 Td (global ) Tj ET Q q 0 0 0 rg BT 262.43 643.75 Td (temperatures ) Tj ET Q q 0 0 0 rg BT 323.85 643.75 Td (below ) Tj ET Q q 0 0 0 rg BT 352.49 643.75 Td (two ) Tj ET Q q 0 0 0 rg BT 370.56 643.75 Td (degrees ) Tj ET Q q 0 0 0 rg BT 409.21 643.75 Td (Celsius. ) Tj ET Q q 0 0 0 rg BT 447.28 643.75 Td ( ) Tj ET Q q 0 0 0 rg BT 449.29 643.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 499.69 643.75 Td (, ) Tj ET Q q 0 0 0 rg BT 504.98 643.75 Td (Canada ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (pledged ) Tj ET Q q 0 0 0 rg BT 109.84 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 120.43 631.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 153.26 631.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 178.29 631.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 225.00 631.75 Td (by ) Tj ET Q q 0 0 0 rg BT 237.82 631.75 Td (30% ) Tj ET Q q 0 0 0 rg BT 260.08 631.75 Td (by ) Tj ET Q q 0 0 0 rg BT 272.90 631.75 Td (2030 ) Tj ET Q q 0 0 0 rg BT 297.39 631.75 Td (from ) Tj ET Q q 0 0 0 rg BT 319.65 631.75 Td (2005 ) Tj ET Q q 0 0 0 rg BT 344.14 631.75 Td (levels. ) Tj ET Q q 0 0 0 rg BT 374.74 631.75 Td (In ) Tj ET Q q 0 0 0 rg BT 385.33 631.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 412.61 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.76 631.75 Td (United ) Tj ET Q q 0 0 0 rg BT 459.92 631.75 Td (States ) Tj ET Q q 0 0 0 rg BT 490.52 631.75 Td (announced ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (that ) Tj ET Q q 0 0 0 rg BT 91.33 619.75 Td (it ) Tj ET Q q 0 0 0 rg BT 98.99 619.75 Td (would ) Tj ET Q q 0 0 0 rg BT 127.77 619.75 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 169.88 619.75 Td (from ) Tj ET Q q 0 0 0 rg BT 192.53 619.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.09 619.75 Td (Paris ) Tj ET Q q 0 0 0 rg BT 234.00 619.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 285.57 619.75 Td (at ) Tj ET Q q 0 0 0 rg BT 296.56 619.75 Td (its ) Tj ET Q q 0 0 0 rg BT 309.21 619.75 Td (first ) Tj ET Q q 0 0 0 rg BT 327.97 619.75 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 380.10 619.75 Td (in ) Tj ET Q q 0 0 0 rg BT 390.54 619.75 Td (2020 ) Tj ET Q q 0 0 0 rg BT 415.44 619.75 Td (and ) Tj ET Q q 0 0 0 rg BT 434.78 619.75 Td (would, ) Tj ET Q q 0 0 0 rg BT 466.34 619.75 Td (in ) Tj ET Q q 0 0 0 rg BT 476.77 619.75 Td (the ) Tj ET Q q 0 0 0 rg BT 493.33 619.75 Td (meantime, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (cease ) Tj ET Q q 0 0 0 rg BT 101.46 607.75 Td (implementing ) Tj ET Q q 0 0 0 rg BT 163.71 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 180.39 607.75 Td (pledges ) Tj ET Q q 0 0 0 rg BT 218.20 607.75 Td (made ) Tj ET Q q 0 0 0 rg BT 245.99 607.75 Td (in ) Tj ET Q q 0 0 0 rg BT 256.56 607.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 307.70 607.75 Td (with ) Tj ET Q q 0 0 0 rg BT 328.26 607.75 Td (the ) Tj ET Q q 0 0 0 rg BT 344.94 607.75 Td (Paris ) Tj ET Q q 0 0 0 rg BT 369.95 607.75 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 424.43 607.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 586.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.63 586.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 151.05 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.78 586.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 201.21 586.75 Td (has ) Tj ET Q q 0 0 0 rg BT 220.73 586.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 273.61 586.75 Td (that ) Tj ET Q q 0 0 0 rg BT 293.69 586.75 Td (it ) Tj ET Q q 0 0 0 rg BT 302.08 586.75 Td (intends ) Tj ET Q q 0 0 0 rg BT 337.73 586.75 Td (to ) Tj ET Q q 0 0 0 rg BT 349.46 586.75 Td (implement ) Tj ET Q q 0 0 0 rg BT 398.98 586.75 Td (a ) Tj ET Q q 0 0 0 rg BT 407.94 586.75 Td (carbon ) Tj ET Q q 0 0 0 rg BT 441.91 586.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 458.65 586.75 Td (in ) Tj ET Q q 0 0 0 rg BT 469.83 586.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 495.47 586.75 Td (starting ) Tj ET Q q 0 0 0 rg BT 531.66 586.75 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td ($10/tonne ) Tj ET Q q 0 0 0 rg BT 120.54 574.75 Td (rising ) Tj ET Q q 0 0 0 rg BT 148.49 574.75 Td (by ) Tj ET Q q 0 0 0 rg BT 163.11 574.75 Td ($10/tonne ) Tj ET Q q 0 0 0 rg BT 211.65 574.75 Td (a ) Tj ET Q q 0 0 0 rg BT 221.26 574.75 Td (year ) Tj ET Q q 0 0 0 rg BT 244.77 574.75 Td (to ) Tj ET Q q 0 0 0 rg BT 257.16 574.75 Td ($50/tonne ) Tj ET Q q 0 0 0 rg BT 305.70 574.75 Td (by ) Tj ET Q q 0 0 0 rg BT 320.32 574.75 Td (2022. ) Tj ET Q q 0 0 0 rg BT 349.40 574.75 Td ( ) Tj ET Q q 0 0 0 rg BT 353.19 574.75 Td (This ) Tj ET Q q 0 0 0 rg BT 376.13 574.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 410.76 574.75 Td (carbon ) Tj ET Q q 0 0 0 rg BT 445.39 574.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 462.79 574.75 Td (is ) Tj ET Q q 0 0 0 rg BT 474.06 574.75 Td (intended ) Tj ET Q q 0 0 0 rg BT 516.48 574.75 Td (to ) Tj ET Q q 0 0 0 rg BT 528.88 574.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (implemented ) Tj ET Q q 0 0 0 rg BT 131.44 562.75 Td (in ) Tj ET Q q 0 0 0 rg BT 141.40 562.75 Td (concert ) Tj ET Q q 0 0 0 rg BT 176.38 562.75 Td (with ) Tj ET Q q 0 0 0 rg BT 196.35 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.43 562.75 Td (provinces ) Tj ET Q q 0 0 0 rg BT 257.41 562.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.28 562.75 Td (territories ) Tj ET Q q 0 0 0 rg BT 320.14 562.75 Td (and ) Tj ET Q q 0 0 0 rg BT 339.01 562.75 Td (would ) Tj ET Q q 0 0 0 rg BT 367.32 562.75 Td (only ) Tj ET Q q 0 0 0 rg BT 387.85 562.75 Td (be ) Tj ET Q q 0 0 0 rg BT 401.16 562.75 Td (implemented ) Tj ET Q q 0 0 0 rg BT 460.59 562.75 Td (in ) Tj ET Q q 0 0 0 rg BT 470.56 562.75 Td (those ) Tj ET Q q 0 0 0 rg BT 497.21 562.75 Td (provinces ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 550.75 Td (territories ) Tj ET Q q 0 0 0 rg BT 135.92 550.75 Td (that ) Tj ET Q q 0 0 0 rg BT 155.37 550.75 Td (do ) Tj ET Q q 0 0 0 rg BT 169.28 550.75 Td (not ) Tj ET Q q 0 0 0 rg BT 185.96 550.75 Td (have ) Tj ET Q q 0 0 0 rg BT 210.42 550.75 Td (their ) Tj ET Q q 0 0 0 rg BT 232.65 550.75 Td (own ) Tj ET Q q 0 0 0 rg BT 253.77 550.75 Td (carbon ) Tj ET Q q 0 0 0 rg BT 287.13 550.75 Td (tax. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 529.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.52 529.75 Td (Province ) Tj ET Q q 0 0 0 rg BT 132.71 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.88 529.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 176.86 529.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 228.64 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.61 529.75 Td (implemented ) Tj ET Q q 0 0 0 rg BT 307.15 529.75 Td (a ) Tj ET Q q 0 0 0 rg BT 314.99 529.75 Td (broad ) Tj ET Q q 0 0 0 rg BT 342.86 529.75 Td (range ) Tj ET Q q 0 0 0 rg BT 370.72 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 381.35 529.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 407.54 529.75 Td (targeting ) Tj ET Q q 0 0 0 rg BT 448.74 529.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 473.81 529.75 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 523.33 529.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (include: ) Tj ET Q q 0 0 0 rg BT 109.25 517.75 Td (a ) Tj ET Q q 0 0 0 rg BT 117.60 517.75 Td (carbon ) Tj ET Q q 0 0 0 rg BT 150.96 517.75 Td (levy ) Tj ET Q q 0 0 0 rg BT 171.53 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 182.65 517.75 Td ($20/tonne ) Tj ET Q q 0 0 0 rg BT 229.93 517.75 Td (ef) Tj ET Q q 0 0 0 rg BT 238.09 517.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 269.77 517.75 Td (January ) Tj ET Q q 0 0 0 rg BT 308.13 517.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 319.26 517.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 347.07 517.75 Td (which ) Tj ET Q q 0 0 0 rg BT 375.42 517.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 421.56 517.75 Td (to ) Tj ET Q q 0 0 0 rg BT 432.69 517.75 Td ($30/tonne ) Tj ET Q q 0 0 0 rg BT 479.96 517.75 Td (as ) Tj ET Q q 0 0 0 rg BT 493.31 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.43 517.75 Td (January ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 83.04 505.75 Td (2018; ) Tj ET Q q 0 0 0 rg BT 110.76 505.75 Td (a ) Tj ET Q q 0 0 0 rg BT 119.02 505.75 Td (cap ) Tj ET Q q 0 0 0 rg BT 137.84 505.75 Td (on ) Tj ET Q q 0 0 0 rg BT 151.66 505.75 Td (GHG ) Tj ET Q q 0 0 0 rg BT 177.13 505.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 224.29 505.75 Td (from ) Tj ET Q q 0 0 0 rg BT 246.98 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.58 505.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 276.28 505.75 Td (sands ) Tj ET Q q 0 0 0 rg BT 305.66 505.75 Td (of ) Tj ET Q q 0 0 0 rg BT 316.70 505.75 Td (100 ) Tj ET Q q 0 0 0 rg BT 336.08 505.75 Td (mega ) Tj ET Q q 0 0 0 rg BT 363.79 505.75 Td (tonnes ) Tj ET Q q 0 0 0 rg BT 396.51 505.75 Td (per ) Tj ET Q q 0 0 0 rg BT 413.66 505.75 Td (year; ) Tj ET Q q 0 0 0 rg BT 438.59 505.75 Td (and ) Tj ET Q q 0 0 0 rg BT 457.97 505.75 Td (a ) Tj ET Q q 0 0 0 rg BT 466.23 505.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 487.83 505.75 Td (to ) Tj ET Q q 0 0 0 rg BT 498.87 505.75 Td (introduce ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 493.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 123.45 493.75 Td (that ) Tj ET Q q 0 0 0 rg BT 142.65 493.75 Td (will ) Tj ET Q q 0 0 0 rg BT 159.06 493.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 192.16 493.75 Td (methane ) Tj ET Q q 0 0 0 rg BT 233.60 493.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 280.58 493.75 Td (from ) Tj ET Q q 0 0 0 rg BT 303.11 493.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 315.64 493.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.85 493.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 353.49 493.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 402.72 493.75 Td (by ) Tj ET Q q 0 0 0 rg BT 415.80 493.75 Td (45% ) Tj ET Q q 0 0 0 rg BT 438.34 493.75 Td (by ) Tj ET Q q 0 0 0 rg BT 451.43 493.75 Td (2025. ) Tj ET Q q 0 0 0 rg BT 478.98 493.75 Td ( ) Tj ET Q q 0 0 0 rg BT 481.34 493.75 Td (The ) Tj ET Q q 0 0 0 rg BT 501.09 493.75 Td (Province ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.98 481.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 152.67 481.75 Td (has ) Tj ET Q q 0 0 0 rg BT 172.43 481.75 Td (set ) Tj ET Q q 0 0 0 rg BT 189.42 481.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 213.07 481.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 245.60 481.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 293.72 481.75 Td (that ) Tj ET Q q 0 0 0 rg BT 314.04 481.75 Td (is ) Tj ET Q q 0 0 0 rg BT 324.91 481.75 Td (not ) Tj ET Q q 0 0 0 rg BT 342.45 481.75 Td (yet ) Tj ET Q q 0 0 0 rg BT 359.44 481.75 Td (in ) Tj ET Q q 0 0 0 rg BT 370.87 481.75 Td (force ) Tj ET Q q 0 0 0 rg BT 396.74 481.75 Td (for ) Tj ET Q q 0 0 0 rg BT 412.05 481.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 451.27 481.75 Td (that ) Tj ET Q q 0 0 0 rg BT 471.59 481.75 Td (emit ) Tj ET Q q 0 0 0 rg BT 494.12 481.75 Td (more ) Tj ET Q q 0 0 0 rg BT 520.55 481.75 Td (than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 105.36 469.75 Td (tonnes ) Tj ET Q q 0 0 0 rg BT 138.17 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 149.29 469.75 Td (GHGs. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.71 448.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 124.89 448.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 158.27 448.75 Td (municipal ) Tj ET Q q 0 0 0 rg BT 203.88 448.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 238.94 448.75 Td (and ) Tj ET Q q 0 0 0 rg BT 258.99 448.75 Td (advocacy ) Tj ET Q q 0 0 0 rg BT 304.61 448.75 Td (organizations ) Tj ET Q q 0 0 0 rg BT 367.46 448.75 Td (have ) Tj ET Q q 0 0 0 rg BT 392.51 448.75 Td (sued ) Tj ET Q q 0 0 0 rg BT 417.57 448.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 430.94 448.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 482.67 448.75 Td (in ) Tj ET Q q 0 0 0 rg BT 493.82 448.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.09 448.75 Td (United ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (States ) Tj ET Q q 0 0 0 rg BT 102.54 436.75 Td (and ) Tj ET Q q 0 0 0 rg BT 121.41 436.75 Td (threatened ) Tj ET Q q 0 0 0 rg BT 171.41 436.75 Td (to ) Tj ET Q q 0 0 0 rg BT 181.94 436.75 Td (sue ) Tj ET Q q 0 0 0 rg BT 200.25 436.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 212.44 436.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 262.99 436.75 Td (in ) Tj ET Q q 0 0 0 rg BT 272.96 436.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 310.17 436.75 Td (for ) Tj ET Q q 0 0 0 rg BT 324.03 436.75 Td (damage ) Tj ET Q q 0 0 0 rg BT 362.36 436.75 Td (caused ) Tj ET Q q 0 0 0 rg BT 396.79 436.75 Td (by ) Tj ET Q q 0 0 0 rg BT 409.54 436.75 Td (climate ) Tj ET Q q 0 0 0 rg BT 443.40 436.75 Td (change. ) Tj ET Q q 0 0 0 rg BT 481.17 436.75 Td ( ) Tj ET Q q 0 0 0 rg BT 483.36 436.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 517.78 436.75 Td (large ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 84.35 424.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 135.05 424.75 Td (have ) Tj ET Q q 0 0 0 rg BT 159.08 424.75 Td (also ) Tj ET Q q 0 0 0 rg BT 179.77 424.75 Td (been ) Tj ET Q q 0 0 0 rg BT 204.36 424.75 Td (sued ) Tj ET Q q 0 0 0 rg BT 228.39 424.75 Td (in ) Tj ET Q q 0 0 0 rg BT 238.52 424.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.76 424.75 Td (United ) Tj ET Q q 0 0 0 rg BT 286.01 424.75 Td (States ) Tj ET Q q 0 0 0 rg BT 316.71 424.75 Td (under ) Tj ET Q q 0 0 0 rg BT 344.63 424.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 389.21 424.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 411.56 424.75 Td (for ) Tj ET Q q 0 0 0 rg BT 425.57 424.75 Td (failing ) Tj ET Q q 0 0 0 rg BT 454.04 424.75 Td (to ) Tj ET Q q 0 0 0 rg BT 464.73 424.75 Td (disclose ) Tj ET Q q 0 0 0 rg BT 503.20 424.75 Td (the ) Tj ET Q q 0 0 0 rg BT 519.45 424.75 Td (risks ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 412.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 121.99 412.75 Td (with ) Tj ET Q q 0 0 0 rg BT 141.96 412.75 Td (climate ) Tj ET Q q 0 0 0 rg BT 175.82 412.75 Td (change. ) Tj ET Q q 0 0 0 rg BT 213.59 412.75 Td ( ) Tj ET Q q 0 0 0 rg BT 215.35 412.75 Td (At ) Tj ET Q q 0 0 0 rg BT 226.98 412.75 Td (this ) Tj ET Q q 0 0 0 rg BT 244.73 412.75 Td (time ) Tj ET Q q 0 0 0 rg BT 265.80 412.75 Td (we ) Tj ET Q q 0 0 0 rg BT 280.77 412.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 312.98 412.75 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 357.98 412.75 Td (if ) Tj ET Q q 0 0 0 rg BT 365.16 412.75 Td (we ) Tj ET Q q 0 0 0 rg BT 380.13 412.75 Td (will ) Tj ET Q q 0 0 0 rg BT 396.20 412.75 Td (be ) Tj ET Q q 0 0 0 rg BT 409.51 412.75 Td (included ) Tj ET Q q 0 0 0 rg BT 448.95 412.75 Td (in ) Tj ET Q q 0 0 0 rg BT 458.92 412.75 Td (any ) Tj ET Q q 0 0 0 rg BT 477.22 412.75 Td (such ) Tj ET Q q 0 0 0 rg BT 500.53 412.75 Td (litigation, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 110.32 400.75 Td (the ) Tj ET Q q 0 0 0 rg BT 126.96 400.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 150.83 400.75 Td (theories ) Tj ET Q q 0 0 0 rg BT 189.15 400.75 Td (advanced ) Tj ET Q q 0 0 0 rg BT 235.27 400.75 Td (in ) Tj ET Q q 0 0 0 rg BT 245.79 400.75 Td (such ) Tj ET Q q 0 0 0 rg BT 269.66 400.75 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 307.97 400.75 Td (will ) Tj ET Q q 0 0 0 rg BT 324.60 400.75 Td (be ) Tj ET Q q 0 0 0 rg BT 338.46 400.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 381.79 400.75 Td (by ) Tj ET Q q 0 0 0 rg BT 395.10 400.75 Td (the ) Tj ET Q q 0 0 0 rg BT 411.74 400.75 Td (courts ) Tj ET Q q 0 0 0 rg BT 441.72 400.75 Td (or ) Tj ET Q q 0 0 0 rg BT 453.35 400.75 Td (the ) Tj ET Q q 0 0 0 rg BT 470.00 400.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 510.55 400.75 Td (impact ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 388.75 Td (any ) Tj ET Q q 0 0 0 rg BT 102.02 388.75 Td (such ) Tj ET Q q 0 0 0 rg BT 125.92 388.75 Td (lawsuits.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (General) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (Implementation ) Tj ET Q q 0 0 0 rg BT 143.33 346.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.63 346.75 Td (more ) Tj ET Q q 0 0 0 rg BT 180.37 346.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 221.69 346.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 287.46 346.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 339.34 346.75 Td (on ) Tj ET Q q 0 0 0 rg BT 353.42 346.75 Td (our ) Tj ET Q q 0 0 0 rg BT 370.84 346.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 420.50 346.75 Td (could ) Tj ET Q q 0 0 0 rg BT 447.36 346.75 Td (af) Tj ET Q q 0 0 0 rg BT 455.52 346.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.60 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.46 346.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 523.33 346.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 115.95 334.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 175.46 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 194.40 334.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 220.56 334.75 Td (for ) Tj ET Q q 0 0 0 rg BT 234.48 334.75 Td (our ) Tj ET Q q 0 0 0 rg BT 251.19 334.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 302.92 334.75 Td (In ) Tj ET Q q 0 0 0 rg BT 313.51 334.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 350.79 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 361.38 334.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.53 334.75 Td (agencies ) Tj ET Q q 0 0 0 rg BT 419.81 334.75 Td (that ) Tj ET Q q 0 0 0 rg BT 438.75 334.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 472.67 334.75 Td (regulate ) Tj ET Q q 0 0 0 rg BT 511.06 334.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 523.32 334.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 91.71 322.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 144.77 322.75 Td (there ) Tj ET Q q 0 0 0 rg BT 171.15 322.75 Td (are ) Tj ET Q q 0 0 0 rg BT 189.19 322.75 Td (other ) Tj ET Q q 0 0 0 rg BT 215.57 322.75 Td (state ) Tj ET Q q 0 0 0 rg BT 240.83 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 261.10 322.75 Td (local ) Tj ET Q q 0 0 0 rg BT 285.25 322.75 Td (conservation ) Tj ET Q q 0 0 0 rg BT 345.54 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 365.81 322.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 432.21 322.75 Td (protection ) Tj ET Q q 0 0 0 rg BT 479.71 322.75 Td (agencies ) Tj ET Q q 0 0 0 rg BT 523.32 322.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (regulate ) Tj ET Q q 0 0 0 rg BT 112.37 310.75 Td (air ) Tj ET Q q 0 0 0 rg BT 127.71 310.75 Td (quality) Tj ET Q q 0 0 0 rg BT 155.88 310.75 Td (, ) Tj ET Q q 0 0 0 rg BT 162.89 310.75 Td (water ) Tj ET Q q 0 0 0 rg BT 191.57 310.75 Td (quality) Tj ET Q q 0 0 0 rg BT 219.74 310.75 Td (, ) Tj ET Q q 0 0 0 rg BT 226.75 310.75 Td (fish, ) Tj ET Q q 0 0 0 rg BT 249.32 310.75 Td (wildlife, ) Tj ET Q q 0 0 0 rg BT 286.34 310.75 Td (visual ) Tj ET Q q 0 0 0 rg BT 316.13 310.75 Td (quality) Tj ET Q q 0 0 0 rg BT 344.30 310.75 Td (, ) Tj ET Q q 0 0 0 rg BT 351.31 310.75 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 419.47 310.75 Td (noise, ) Tj ET Q q 0 0 0 rg BT 450.38 310.75 Td (spills, ) Tj ET Q q 0 0 0 rg BT 479.62 310.75 Td (incidents ) Tj ET Q q 0 0 0 rg BT 523.32 310.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (transportation. ) Tj ET Q q 0 0 0 rg BT 138.70 298.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 277.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 277.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.64 277.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 124.15 277.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 146.43 277.75 Td (in ) Tj ET Q q 0 0 0 rg BT 157.04 277.75 Td (all ) Tj ET Q q 0 0 0 rg BT 169.86 277.75 Td (material ) Tj ET Q q 0 0 0 rg BT 208.25 277.75 Td (respects, ) Tj ET Q q 0 0 0 rg BT 251.65 277.75 Td (we ) Tj ET Q q 0 0 0 rg BT 267.25 277.75 Td (are ) Tj ET Q q 0 0 0 rg BT 284.52 277.75 Td (in ) Tj ET Q q 0 0 0 rg BT 295.13 277.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 348.53 277.75 Td (with, ) Tj ET Q q 0 0 0 rg BT 371.92 277.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.42 277.75 Td (have ) Tj ET Q q 0 0 0 rg BT 415.93 277.75 Td (complied ) Tj ET Q q 0 0 0 rg BT 458.77 277.75 Td (with, ) Tj ET Q q 0 0 0 rg BT 482.15 277.75 Td (all ) Tj ET Q q 0 0 0 rg BT 494.98 277.75 Td (applicable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 265.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 137.95 265.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 161.08 265.75 Td (and ) Tj ET Q q 0 0 0 rg BT 180.90 265.75 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 235.74 265.75 Td (W) Tj ET Q q 0 0 0 rg BT 244.99 265.75 Td (e ) Tj ET Q q 0 0 0 rg BT 253.69 265.75 Td (have ) Tj ET Q q 0 0 0 rg BT 278.51 265.75 Td (made ) Tj ET Q q 0 0 0 rg BT 306.66 265.75 Td (and ) Tj ET Q q 0 0 0 rg BT 326.47 265.75 Td (will ) Tj ET Q q 0 0 0 rg BT 343.50 265.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 384.44 265.75 Td (to ) Tj ET Q q 0 0 0 rg BT 395.91 265.75 Td (make ) Tj ET Q q 0 0 0 rg BT 423.50 265.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 483.89 265.75 Td (in ) Tj ET Q q 0 0 0 rg BT 494.81 265.75 Td (our ) Tj ET Q q 0 0 0 rg BT 512.40 265.75 Td (ef) Tj ET Q q 0 0 0 rg BT 520.55 265.75 Td (forts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 82.97 253.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 117.28 253.75 Td (with ) Tj ET Q q 0 0 0 rg BT 137.70 253.75 Td (all ) Tj ET Q q 0 0 0 rg BT 150.34 253.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 215.78 253.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 267.34 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 286.65 253.75 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 350.42 253.75 Td (W) Tj ET Q q 0 0 0 rg BT 359.68 253.75 Td (e ) Tj ET Q q 0 0 0 rg BT 367.88 253.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 408.31 253.75 Td (these ) Tj ET Q q 0 0 0 rg BT 435.40 253.75 Td (a ) Tj ET Q q 0 0 0 rg BT 443.60 253.75 Td (normal, ) Tj ET Q q 0 0 0 rg BT 479.58 253.75 Td (recurring ) Tj ET Q q 0 0 0 rg BT 521.67 253.75 Td (cost ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.25 241.75 Td (our ) Tj ET Q q 0 0 0 rg BT 100.61 241.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 139.11 241.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 188.71 241.75 Td (and ) Tj ET Q q 0 0 0 rg BT 208.30 241.75 Td (not ) Tj ET Q q 0 0 0 rg BT 225.11 241.75 Td (an ) Tj ET Q q 0 0 0 rg BT 239.14 241.75 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 300.41 241.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 321.66 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 332.90 241.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 386.39 241.75 Td (with ) Tj ET Q q 0 0 0 rg BT 407.08 241.75 Td (governmental ) Tj ET Q q 0 0 0 rg BT 470.58 241.75 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 525.19 241.75 Td (W) Tj ET Q q 0 0 0 rg BT 534.44 241.75 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 106.28 229.75 Td (that ) Tj ET Q q 0 0 0 rg BT 125.55 229.75 Td (our ) Tj ET Q q 0 0 0 rg BT 142.59 229.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 188.55 229.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 241.72 229.75 Td (with ) Tj ET Q q 0 0 0 rg BT 262.09 229.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 298.59 229.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 359.54 229.75 Td (has ) Tj ET Q q 0 0 0 rg BT 378.25 229.75 Td (been ) Tj ET Q q 0 0 0 rg BT 403.09 229.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 451.83 229.75 Td (for ) Tj ET Q q 0 0 0 rg BT 466.09 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.36 229.75 Td (will ) Tj ET Q q 0 0 0 rg BT 501.84 229.75 Td (not ) Tj ET Q q 0 0 0 rg BT 518.33 229.75 Td (have ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (a ) Tj ET Q q 0 0 0 rg BT 80.93 217.75 Td (material ) Tj ET Q q 0 0 0 rg BT 119.87 217.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.92 217.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 178.86 217.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 211.69 217.75 Td (on ) Tj ET Q q 0 0 0 rg BT 226.18 217.75 Td (our ) Tj ET Q q 0 0 0 rg BT 244.00 217.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.06 217.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 330.23 217.75 Td (results ) Tj ET Q q 0 0 0 rg BT 363.05 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 374.76 217.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 424.83 217.75 Td (and ) Tj ET Q q 0 0 0 rg BT 444.88 217.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 489.95 217.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.44 217.75 Td (flows. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (However) Tj ET Q q 0 0 0 rg BT 110.91 205.75 Td (, ) Tj ET Q q 0 0 0 rg BT 115.87 205.75 Td (we ) Tj ET Q q 0 0 0 rg BT 130.84 205.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 163.06 205.75 Td (predict ) Tj ET Q q 0 0 0 rg BT 195.26 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 211.35 205.75 Td (passage ) Tj ET Q q 0 0 0 rg BT 251.34 205.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.87 205.75 Td (or ) Tj ET Q q 0 0 0 rg BT 272.95 205.75 Td (quantify ) Tj ET Q q 0 0 0 rg BT 310.16 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.25 205.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 366.25 205.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 397.89 205.75 Td (of ) Tj ET Q q 0 0 0 rg BT 408.42 205.75 Td (any ) Tj ET Q q 0 0 0 rg BT 426.73 205.75 Td (more ) Tj ET Q q 0 0 0 rg BT 451.70 205.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 492.24 205.75 Td (future ) Tj ET Q q 0 0 0 rg BT 520.00 205.75 Td (laws ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 193.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 143.16 193.75 Td (at ) Tj ET Q q 0 0 0 rg BT 154.28 193.75 Td (this ) Tj ET Q q 0 0 0 rg BT 172.62 193.75 Td (time.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I63 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 278.75 160.75 Td (DIVIDENDS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 136.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 136.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.39 136.75 Td (do ) Tj ET Q q 0 0 0 rg BT 103.08 136.75 Td (not ) Tj ET Q q 0 0 0 rg BT 119.56 136.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 160.47 136.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 179.17 136.75 Td (a ) Tj ET Q q 0 0 0 rg BT 187.30 136.75 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 229.90 136.75 Td (did ) Tj ET Q q 0 0 0 rg BT 245.81 136.75 Td (not ) Tj ET Q q 0 0 0 rg BT 262.29 136.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 280.98 136.75 Td (a ) Tj ET Q q 0 0 0 rg BT 289.11 136.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 328.93 136.75 Td (in ) Tj ET Q q 0 0 0 rg BT 339.29 136.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 366.88 136.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 391.70 136.75 Td (or ) Tj ET Q q 0 0 0 rg BT 403.16 136.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 427.98 136.75 Td (and ) Tj ET Q q 0 0 0 rg BT 447.23 136.75 Td (do ) Tj ET Q q 0 0 0 rg BT 460.93 136.75 Td (not ) Tj ET Q q 0 0 0 rg BT 477.40 136.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 518.32 136.75 Td (have ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (any ) Tj ET Q q 0 0 0 rg BT 90.75 124.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 117.29 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 128.25 124.75 Td (resume ) Tj ET Q q 0 0 0 rg BT 164.23 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 180.75 124.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 221.74 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 232.71 124.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 256.46 124.75 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 304.11 124.75 Td ( ) Tj ET Q q 0 0 0 rg BT 306.22 124.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 326.08 124.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 370.96 124.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 411.94 124.75 Td (in ) Tj ET Q q 0 0 0 rg BT 422.36 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 438.89 124.75 Td (future ) Tj ET Q q 0 0 0 rg BT 467.08 124.75 Td (will ) Tj ET Q q 0 0 0 rg BT 483.60 124.75 Td (be ) Tj ET Q q 0 0 0 rg BT 497.35 124.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 531.66 124.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (review ) Tj ET Q q 0 0 0 rg BT 103.97 112.75 Td (by ) Tj ET Q q 0 0 0 rg BT 117.61 112.75 Td (the ) Tj ET Q q 0 0 0 rg BT 134.58 112.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 164.34 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 175.75 112.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 218.83 112.75 Td (taking ) Tj ET Q q 0 0 0 rg BT 248.59 112.75 Td (into ) Tj ET Q q 0 0 0 rg BT 267.79 112.75 Td (account ) Tj ET Q q 0 0 0 rg BT 305.89 112.75 Td (our ) Tj ET Q q 0 0 0 rg BT 323.42 112.75 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 369.29 112.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.06 112.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 476.04 112.75 Td (at ) Tj ET Q q 0 0 0 rg BT 487.45 112.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 112.75 Td (relevant ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (time ) Tj ET Q q 0 0 0 rg BT 93.90 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 113.60 100.75 Td (any ) Tj ET Q q 0 0 0 rg BT 132.73 100.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 169.09 100.75 Td (distributed ) Tj ET Q q 0 0 0 rg BT 218.24 100.75 Td (in ) Tj ET Q q 0 0 0 rg BT 229.04 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 245.95 100.75 Td (future ) Tj ET Q q 0 0 0 rg BT 274.53 100.75 Td (will ) Tj ET Q q 0 0 0 rg BT 291.43 100.75 Td (depend ) Tj ET Q q 0 0 0 rg BT 327.81 100.75 Td (on ) Tj ET Q q 0 0 0 rg BT 341.94 100.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 389.42 100.75 Td (factors, ) Tj ET Q q 0 0 0 rg BT 425.22 100.75 Td (including ) Tj ET Q q 0 0 0 rg BT 467.70 100.75 Td (profitability) Tj ET Q q 0 0 0 rg BT 514.75 100.75 Td (, ) Tj ET Q q 0 0 0 rg BT 520.54 100.75 Td (debt ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 120.87 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 140.84 88.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 194.72 88.75 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 248.60 88.75 Td (in ) Tj ET Q q 0 0 0 rg BT 259.67 88.75 Td (working ) Tj ET Q q 0 0 0 rg BT 297.41 88.75 Td (capital, ) Tj ET Q q 0 0 0 rg BT 332.38 88.75 Td (the ) Tj ET Q q 0 0 0 rg BT 349.57 88.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 379.53 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 399.50 88.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.15 88.75 Td (of ) Tj ET Q q 0 0 0 rg BT 447.77 88.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 479.97 88.75 Td (expenditures, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 76.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.81 76.75 Td (law ) Tj ET Q q 0 0 0 rg BT 137.60 76.75 Td (and ) Tj ET Q q 0 0 0 rg BT 157.06 76.75 Td (other ) Tj ET Q q 0 0 0 rg BT 182.63 76.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 215.42 76.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 251.00 76.75 Td (our ) Tj ET Q q 0 0 0 rg BT 268.24 76.75 Td (control. ) Tj ET Q q 0 0 0 rg BT 303.81 76.75 Td ( ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (46) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (In ) Tj ET Q q 0 0 0 rg BT 82.65 712.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 122.77 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 138.98 712.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 179.65 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 190.30 712.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 234.86 712.75 Td (by ) Tj ET Q q 0 0 0 rg BT 247.74 712.75 Td (us ) Tj ET Q q 0 0 0 rg BT 260.61 712.75 Td (is ) Tj ET Q q 0 0 0 rg BT 270.14 712.75 Td (governed ) Tj ET Q q 0 0 0 rg BT 314.15 712.75 Td (by ) Tj ET Q q 0 0 0 rg BT 327.03 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 343.24 712.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 378.90 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 397.90 712.75 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 446.90 712.75 Td (tests ) Tj ET Q q 0 0 0 rg BT 470.33 712.75 Td (described ) Tj ET Q q 0 0 0 rg BT 516.00 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.09 712.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (ABCA. ) Tj ET Q q 0 0 0 rg BT 104.48 700.75 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 146.97 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 157.78 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.66 700.75 Td (ABCA, ) Tj ET Q q 0 0 0 rg BT 206.13 700.75 Td (after ) Tj ET Q q 0 0 0 rg BT 228.61 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.98 700.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 285.80 700.75 Td (of ) Tj ET Q q 0 0 0 rg BT 296.61 700.75 Td (a ) Tj ET Q q 0 0 0 rg BT 304.64 700.75 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 347.14 700.75 Td (we ) Tj ET Q q 0 0 0 rg BT 362.39 700.75 Td (must ) Tj ET Q q 0 0 0 rg BT 386.53 700.75 Td (be ) Tj ET Q q 0 0 0 rg BT 400.12 700.75 Td (able ) Tj ET Q q 0 0 0 rg BT 421.49 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 432.30 700.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 450.89 700.75 Td (our ) Tj ET Q q 0 0 0 rg BT 467.81 700.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.07 700.75 Td (as ) Tj ET Q q 0 0 0 rg BT 521.10 700.75 Td (they ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (become ) Tj ET Q q 0 0 0 rg BT 110.44 688.75 Td (due ) Tj ET Q q 0 0 0 rg BT 130.00 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.55 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.32 688.75 Td (realizable ) Tj ET Q q 0 0 0 rg BT 211.99 688.75 Td (value ) Tj ET Q q 0 0 0 rg BT 238.76 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.97 688.75 Td (our ) Tj ET Q q 0 0 0 rg BT 267.29 688.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 299.06 688.75 Td (must ) Tj ET Q q 0 0 0 rg BT 323.60 688.75 Td (be ) Tj ET Q q 0 0 0 rg BT 337.59 688.75 Td (greater ) Tj ET Q q 0 0 0 rg BT 372.14 688.75 Td (than ) Tj ET Q q 0 0 0 rg BT 394.47 688.75 Td (our ) Tj ET Q q 0 0 0 rg BT 411.79 688.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 452.45 688.75 Td (and ) Tj ET Q q 0 0 0 rg BT 472.00 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.77 688.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 512.77 688.75 Td (stated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 102.65 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.73 676.75 Td (our ) Tj ET Q q 0 0 0 rg BT 128.92 676.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 182.37 676.75 Td (securities. ) Tj ET Q q 0 0 0 rg BT 231.90 676.75 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 273.67 676.75 Td (to ) Tj ET Q q 0 0 0 rg BT 283.75 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.39 676.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 327.81 676.75 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 371.22 676.75 Td (we ) Tj ET Q q 0 0 0 rg BT 385.75 676.75 Td (are ) Tj ET Q q 0 0 0 rg BT 401.94 676.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 444.81 676.75 Td (from ) Tj ET Q q 0 0 0 rg BT 466.55 676.75 Td (paying ) Tj ET Q q 0 0 0 rg BT 497.75 676.75 Td (dividends ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.00 664.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 145.15 664.75 Td (if ) Tj ET Q q 0 0 0 rg BT 152.81 664.75 Td (a ) Tj ET Q q 0 0 0 rg BT 161.04 664.75 Td (default, ) Tj ET Q q 0 0 0 rg BT 196.50 664.75 Td (or ) Tj ET Q q 0 0 0 rg BT 208.06 664.75 Td (event ) Tj ET Q q 0 0 0 rg BT 235.18 664.75 Td (of ) Tj ET Q q 0 0 0 rg BT 246.19 664.75 Td (default ) Tj ET Q q 0 0 0 rg BT 278.87 664.75 Td (has ) Tj ET Q q 0 0 0 rg BT 297.66 664.75 Td (occurred ) Tj ET Q q 0 0 0 rg BT 339.23 664.75 Td (and ) Tj ET Q q 0 0 0 rg BT 358.58 664.75 Td (is ) Tj ET Q q 0 0 0 rg BT 368.46 664.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 416.71 664.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 438.84 664.75 Td (if ) Tj ET Q q 0 0 0 rg BT 446.50 664.75 Td (no ) Tj ET Q q 0 0 0 rg BT 460.29 664.75 Td (default ) Tj ET Q q 0 0 0 rg BT 492.98 664.75 Td (or ) Tj ET Q q 0 0 0 rg BT 504.53 664.75 Td (event ) Tj ET Q q 0 0 0 rg BT 531.66 664.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (default ) Tj ET Q q 0 0 0 rg BT 105.58 652.75 Td (has ) Tj ET Q q 0 0 0 rg BT 125.25 652.75 Td (occurred ) Tj ET Q q 0 0 0 rg BT 167.71 652.75 Td (which ) Tj ET Q q 0 0 0 rg BT 196.83 652.75 Td (is ) Tj ET Q q 0 0 0 rg BT 207.61 652.75 Td (continuing, ) Tj ET Q q 0 0 0 rg BT 259.53 652.75 Td (where ) Tj ET Q q 0 0 0 rg BT 290.32 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 307.77 652.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 348.57 652.75 Td (would ) Tj ET Q q 0 0 0 rg BT 378.25 652.75 Td (or ) Tj ET Q q 0 0 0 rg BT 390.70 652.75 Td (would ) Tj ET Q q 0 0 0 rg BT 420.38 652.75 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 472.85 652.75 Td (be ) Tj ET Q q 0 0 0 rg BT 487.53 652.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 531.67 652.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 640.75 Td (have ) Tj ET Q q 0 0 0 rg BT 96.35 640.75 Td (a ) Tj ET Q q 0 0 0 rg BT 104.58 640.75 Td (material ) Tj ET Q q 0 0 0 rg BT 142.81 640.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 181.05 640.75 Td (ef) Tj ET Q q 0 0 0 rg BT 189.21 640.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 207.99 640.75 Td (on ) Tj ET Q q 0 0 0 rg BT 221.78 640.75 Td (our ) Tj ET Q q 0 0 0 rg BT 238.89 640.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 267.13 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 278.13 640.75 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 300.80 640.75 Td (our ) Tj ET Q q 0 0 0 rg BT 317.92 640.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 368.39 640.75 Td (under ) Tj ET Q q 0 0 0 rg BT 396.63 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 413.20 640.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 442.54 640.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 484.10 640.75 Td (or ) Tj ET Q q 0 0 0 rg BT 495.66 640.75 Td (under ) Tj ET Q q 0 0 0 rg BT 523.90 640.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 628.75 Td (hedge ) Tj ET Q q 0 0 0 rg BT 102.33 628.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 157.66 628.75 Td (with ) Tj ET Q q 0 0 0 rg BT 177.97 628.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 213.29 628.75 Td (\(or ) Tj ET Q q 0 0 0 rg BT 228.04 628.75 Td (their ) Tj ET Q q 0 0 0 rg BT 250.01 628.75 Td (af) Tj ET Q q 0 0 0 rg BT 258.17 628.75 Td (filiates\) ) Tj ET Q q 0 0 0 rg BT 292.37 628.75 Td (under ) Tj ET Q q 0 0 0 rg BT 320.47 628.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.89 628.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 366.09 628.75 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 410.13 628.75 Td (The ) Tj ET Q q 0 0 0 rg BT 429.88 628.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 479.10 628.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 525.55 628.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 105.54 616.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 136.29 616.75 Td (also ) Tj ET Q q 0 0 0 rg BT 159.27 616.75 Td (contain ) Tj ET Q q 0 0 0 rg BT 196.14 616.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.79 616.75 Td (limitations ) Tj ET Q q 0 0 0 rg BT 279.88 616.75 Td (on ) Tj ET Q q 0 0 0 rg BT 295.63 616.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 341.39 616.75 Td (payments. ) Tj ET Q q 0 0 0 rg BT 392.15 616.75 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 441.79 616.75 Td (payments ) Tj ET Q q 0 0 0 rg BT 489.78 616.75 Td (include ) Tj ET Q q 0 0 0 rg BT 526.10 616.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 604.75 Td (declaration ) Tj ET Q q 0 0 0 rg BT 123.40 604.75 Td (or ) Tj ET Q q 0 0 0 rg BT 134.78 604.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 175.61 604.75 Td (of ) Tj ET Q q 0 0 0 rg BT 186.44 604.75 Td (any ) Tj ET Q q 0 0 0 rg BT 205.04 604.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 244.78 604.75 Td (or ) Tj ET Q q 0 0 0 rg BT 256.15 604.75 Td (distribution ) Tj ET Q q 0 0 0 rg BT 306.99 604.75 Td (by ) Tj ET Q q 0 0 0 rg BT 320.04 604.75 Td (us. ) Tj ET Q q 0 0 0 rg BT 335.86 604.75 Td ( ) Tj ET Q q 0 0 0 rg BT 338.34 604.75 Td (For ) Tj ET Q q 0 0 0 rg BT 355.82 604.75 Td (full ) Tj ET Q q 0 0 0 rg BT 371.09 604.75 Td (particulars ) Tj ET Q q 0 0 0 rg BT 419.70 604.75 Td (of ) Tj ET Q q 0 0 0 rg BT 430.52 604.75 Td (the ) Tj ET Q q 0 0 0 rg BT 446.90 604.75 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 497.75 604.75 Td (reference ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 592.75 Td (should ) Tj ET Q q 0 0 0 rg BT 104.38 592.75 Td (be ) Tj ET Q q 0 0 0 rg BT 118.41 592.75 Td (made ) Tj ET Q q 0 0 0 rg BT 146.33 592.75 Td (to ) Tj ET Q q 0 0 0 rg BT 157.57 592.75 Td (the ) Tj ET Q q 0 0 0 rg BT 174.38 592.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 223.99 592.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 270.82 592.75 Td (our ) Tj ET Q q 0 0 0 rg BT 288.18 592.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 319.99 592.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 349.02 592.75 Td (and ) Tj ET Q q 0 0 0 rg BT 368.61 592.75 Td (to ) Tj ET Q q 0 0 0 rg BT 379.86 592.75 Td (our ) Tj ET Q q 0 0 0 rg BT 397.22 592.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 426.80 592.75 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 471.38 592.75 Td (copies ) Tj ET Q q 0 0 0 rg BT 503.20 592.75 Td (of ) Tj ET Q q 0 0 0 rg BT 514.45 592.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 580.75 Td (are ) Tj ET Q q 0 0 0 rg BT 89.23 580.75 Td (accessible ) Tj ET Q q 0 0 0 rg BT 138.70 580.75 Td (on ) Tj ET Q q 0 0 0 rg BT 152.60 580.75 Td (the ) Tj ET Q q 0 0 0 rg BT 169.28 580.75 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 206.51 580.75 Td (website, ) Tj ET Q q 0 0 0 rg BT 245.97 580.75 Td (see ) Tj ET Q q 0 0 0 rg BT 264.88 580.75 Td (") Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 268.43 580.75 Td (Material ) Tj ET Q q 0 0 0 rg BT 306.77 580.75 Td (Contracts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.56 580.75 Td (" ) Tj ET Q q 0 0 0 rg BT 355.89 580.75 Td (for ) Tj ET Q q 0 0 0 rg BT 370.34 580.75 Td (further ) Tj ET Q q 0 0 0 rg BT 402.02 580.75 Td (details.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I64 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 208.65 547.75 Td (DESCRIPTION OF CAPIT) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 325.69 547.75 Td (AL) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 338.84 547.75 Td ( STRUCTURE) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 523.75 Td (Share ) Tj ET Q q 0 0 0 rg BT 102.57 523.75 Td (Capital) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 106.04 502.75 Td (is ) Tj ET Q q 0 0 0 rg BT 116.74 502.75 Td (authorized ) Tj ET Q q 0 0 0 rg BT 166.91 502.75 Td (to ) Tj ET Q q 0 0 0 rg BT 178.72 502.75 Td (issue ) Tj ET Q q 0 0 0 rg BT 205.54 502.75 Td (an ) Tj ET Q q 0 0 0 rg BT 220.13 502.75 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 263.62 502.75 Td (number ) Tj ET Q q 0 0 0 rg BT 301.00 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 312.81 502.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 356.85 502.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 392.00 502.75 Td (without ) Tj ET Q q 0 0 0 rg BT 427.16 502.75 Td (nominal ) Tj ET Q q 0 0 0 rg BT 465.65 502.75 Td (or ) Tj ET Q q 0 0 0 rg BT 478.02 502.75 Td (par ) Tj ET Q q 0 0 0 rg BT 495.94 502.75 Td (value ) Tj ET Q q 0 0 0 rg BT 523.32 502.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (10,000,000 ) Tj ET Q q 0 0 0 rg BT 124.63 490.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 167.80 490.75 Td (shares, ) Tj ET Q q 0 0 0 rg BT 203.17 490.75 Td (without ) Tj ET Q q 0 0 0 rg BT 237.44 490.75 Td (nominal ) Tj ET Q q 0 0 0 rg BT 275.05 490.75 Td (or ) Tj ET Q q 0 0 0 rg BT 286.53 490.75 Td (par ) Tj ET Q q 0 0 0 rg BT 303.56 490.75 Td (value, ) Tj ET Q q 0 0 0 rg BT 332.83 490.75 Td (issuable ) Tj ET Q q 0 0 0 rg BT 372.11 490.75 Td (in ) Tj ET Q q 0 0 0 rg BT 382.48 490.75 Td (series. ) Tj ET Q q 0 0 0 rg BT 414.52 490.75 Td ( ) Tj ET Q q 0 0 0 rg BT 416.59 490.75 Td (As ) Tj ET Q q 0 0 0 rg BT 430.84 490.75 Td (at ) Tj ET Q q 0 0 0 rg BT 441.77 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.26 490.75 Td (date ) Tj ET Q q 0 0 0 rg BT 480.31 490.75 Td (of ) Tj ET Q q 0 0 0 rg BT 491.23 490.75 Td (this ) Tj ET Q q 0 0 0 rg BT 508.86 490.75 Td (Annual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 478.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 124.80 478.75 Td (Form, ) Tj ET Q q 0 0 0 rg BT 153.69 478.75 Td (there ) Tj ET Q q 0 0 0 rg BT 179.26 478.75 Td (were ) Tj ET Q q 0 0 0 rg BT 203.71 478.75 Td (no ) Tj ET Q q 0 0 0 rg BT 217.62 478.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 260.97 478.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 293.76 478.75 Td (outstanding.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.86 457.75 Td (following ) Tj ET Q q 0 0 0 rg BT 133.39 457.75 Td (is ) Tj ET Q q 0 0 0 rg BT 143.24 457.75 Td (a ) Tj ET Q q 0 0 0 rg BT 151.43 457.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 195.16 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 206.13 457.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 238.77 457.75 Td (provisions ) Tj ET Q q 0 0 0 rg BT 286.41 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 297.38 457.75 Td (the ) Tj ET Q q 0 0 0 rg BT 313.90 457.75 Td (share ) Tj ET Q q 0 0 0 rg BT 341.54 457.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 373.08 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.04 457.75 Td (Baytex. ) Tj ET Q q 0 0 0 rg BT 420.01 457.75 Td ( ) Tj ET Q q 0 0 0 rg BT 422.64 457.75 Td (For ) Tj ET Q q 0 0 0 rg BT 440.26 457.75 Td (a ) Tj ET Q q 0 0 0 rg BT 448.45 457.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 491.65 457.75 Td (description ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (of ) Tj ET Q q 0 0 0 rg BT 82.65 445.75 Td (the ) Tj ET Q q 0 0 0 rg BT 98.86 445.75 Td (share ) Tj ET Q q 0 0 0 rg BT 126.18 445.75 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 176.28 445.75 Td (reference ) Tj ET Q q 0 0 0 rg BT 220.84 445.75 Td (should ) Tj ET Q q 0 0 0 rg BT 252.61 445.75 Td (be ) Tj ET Q q 0 0 0 rg BT 266.04 445.75 Td (made ) Tj ET Q q 0 0 0 rg BT 293.37 445.75 Td (to ) Tj ET Q q 0 0 0 rg BT 304.01 445.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.76 445.75 Td (Articles ) Tj ET Q q 0 0 0 rg BT 354.85 445.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.50 445.75 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 426.18 445.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.83 445.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 472.48 445.75 Td (a ) Tj ET Q q 0 0 0 rg BT 480.35 445.75 Td (copy ) Tj ET Q q 0 0 0 rg BT 503.78 445.75 Td (of ) Tj ET Q q 0 0 0 rg BT 514.43 445.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td (is ) Tj ET Q q 0 0 0 rg BT 82.00 433.75 Td (accessible ) Tj ET Q q 0 0 0 rg BT 131.47 433.75 Td (on ) Tj ET Q q 0 0 0 rg BT 145.37 433.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.05 433.75 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 199.28 433.75 Td (website ) Tj ET Q q 0 0 0 rg BT 235.96 433.75 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 247.08 433.75 Td (www) Tj ET Q q 0 0 0 rg BT 268.20 433.75 Td (. ) Tj ET Q q 0 0 0 rg BT 273.75 433.75 Td (sedar) Tj ET Q q 0 0 0 rg BT 298.40 433.75 Td (.com) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.07 433.75 Td ( ) Tj ET Q q 0 0 0 rg BT 322.84 433.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 347.30 433.75 Td (on ) Tj ET Q q 0 0 0 rg BT 361.20 433.75 Td (January10, ) Tj ET Q q 0 0 0 rg BT 416.23 433.75 Td (201) Tj ET Q q 0 0 0 rg BT 432.18 433.75 Td (1\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 412.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 118.11 412.75 Td (Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 391.75 Td (Holders ) Tj ET Q q 0 0 0 rg BT 108.71 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.29 391.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 162.11 391.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 196.04 391.75 Td (are ) Tj ET Q q 0 0 0 rg BT 212.74 391.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 247.24 391.75 Td (to ) Tj ET Q q 0 0 0 rg BT 257.82 391.75 Td (notice ) Tj ET Q q 0 0 0 rg BT 286.76 391.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 300.12 391.75 Td (to ) Tj ET Q q 0 0 0 rg BT 310.71 391.75 Td (attend ) Tj ET Q q 0 0 0 rg BT 340.76 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 359.69 391.75 Td (to ) Tj ET Q q 0 0 0 rg BT 370.28 391.75 Td (one ) Tj ET Q q 0 0 0 rg BT 389.21 391.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 410.36 391.75 Td (per ) Tj ET Q q 0 0 0 rg BT 427.07 391.75 Td (share ) Tj ET Q q 0 0 0 rg BT 454.33 391.75 Td (held ) Tj ET Q q 0 0 0 rg BT 475.48 391.75 Td (at ) Tj ET Q q 0 0 0 rg BT 486.07 391.75 Td (any ) Tj ET Q q 0 0 0 rg BT 504.44 391.75 Td (meeting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 379.75 Td (of ) Tj ET Q q 0 0 0 rg BT 82.68 379.75 Td (the ) Tj ET Q q 0 0 0 rg BT 98.93 379.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 159.09 379.75 Td (of ) Tj ET Q q 0 0 0 rg BT 169.77 379.75 Td (the ) Tj ET Q q 0 0 0 rg BT 186.02 379.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 240.61 379.75 Td (\(other ) Tj ET Q q 0 0 0 rg BT 269.08 379.75 Td (than ) Tj ET Q q 0 0 0 rg BT 290.89 379.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 333.81 379.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.49 379.75 Td (a ) Tj ET Q q 0 0 0 rg BT 352.40 379.75 Td (class ) Tj ET Q q 0 0 0 rg BT 377.52 379.75 Td (or ) Tj ET Q q 0 0 0 rg BT 388.76 379.75 Td (series ) Tj ET Q q 0 0 0 rg BT 417.78 379.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.46 379.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 460.82 379.75 Td (of ) Tj ET Q q 0 0 0 rg BT 471.51 379.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.75 379.75 Td (Corporation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (other ) Tj ET Q q 0 0 0 rg BT 97.57 367.75 Td (than ) Tj ET Q q 0 0 0 rg BT 119.81 367.75 Td (the ) Tj ET Q q 0 0 0 rg BT 136.49 367.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 179.84 367.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 214.30 367.75 Td (as ) Tj ET Q q 0 0 0 rg BT 227.64 367.75 Td (such\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (Holders ) Tj ET Q q 0 0 0 rg BT 110.22 346.75 Td (of ) Tj ET Q q 0 0 0 rg BT 122.31 346.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 166.64 346.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 202.08 346.75 Td (will ) Tj ET Q q 0 0 0 rg BT 219.72 346.75 Td (be ) Tj ET Q q 0 0 0 rg BT 234.61 346.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 270.61 346.75 Td (to ) Tj ET Q q 0 0 0 rg BT 282.71 346.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 318.70 346.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 364.71 346.75 Td (as ) Tj ET Q q 0 0 0 rg BT 379.03 346.75 Td (and ) Tj ET Q q 0 0 0 rg BT 399.47 346.75 Td (when ) Tj ET Q q 0 0 0 rg BT 427.14 346.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 469.25 346.75 Td (by ) Tj ET Q q 0 0 0 rg BT 483.57 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 501.23 346.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 531.67 346.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 114.10 334.75 Td (on ) Tj ET Q q 0 0 0 rg BT 127.31 334.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.30 334.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 185.96 334.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 219.74 334.75 Td (as ) Tj ET Q q 0 0 0 rg BT 232.39 334.75 Td (a ) Tj ET Q q 0 0 0 rg BT 240.05 334.75 Td (class, ) Tj ET Q q 0 0 0 rg BT 267.70 334.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 301.48 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 311.91 334.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 334.00 334.75 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 386.12 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 396.55 334.75 Td (all ) Tj ET Q q 0 0 0 rg BT 408.65 334.75 Td (preferential ) Tj ET Q q 0 0 0 rg BT 460.77 334.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 487.31 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 497.75 334.75 Td (dividends ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (attached ) Tj ET Q q 0 0 0 rg BT 113.24 322.75 Td (to ) Tj ET Q q 0 0 0 rg BT 124.46 322.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 157.35 322.75 Td (of ) Tj ET Q q 0 0 0 rg BT 168.56 322.75 Td (other ) Tj ET Q q 0 0 0 rg BT 194.23 322.75 Td (classes ) Tj ET Q q 0 0 0 rg BT 230.45 322.75 Td (of ) Tj ET Q q 0 0 0 rg BT 241.67 322.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 274.56 322.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.77 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.55 322.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 357.68 322.75 Td (ranking ) Tj ET Q q 0 0 0 rg BT 393.35 322.75 Td (in ) Tj ET Q q 0 0 0 rg BT 404.01 322.75 Td (priority ) Tj ET Q q 0 0 0 rg BT 436.89 322.75 Td (to ) Tj ET Q q 0 0 0 rg BT 448.11 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.89 322.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 508.33 322.75 Td (Shares ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.56 310.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 118.13 310.75 Td (of ) Tj ET Q q 0 0 0 rg BT 129.25 310.75 Td (dividends.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 289.75 Td (Holders ) Tj ET Q q 0 0 0 rg BT 109.43 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 120.74 289.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 164.28 289.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 198.94 289.75 Td (will ) Tj ET Q q 0 0 0 rg BT 215.80 289.75 Td (be ) Tj ET Q q 0 0 0 rg BT 229.89 289.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 265.11 289.75 Td (in ) Tj ET Q q 0 0 0 rg BT 275.87 289.75 Td (the ) Tj ET Q q 0 0 0 rg BT 292.74 289.75 Td (event ) Tj ET Q q 0 0 0 rg BT 320.17 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 331.49 289.75 Td (any ) Tj ET Q q 0 0 0 rg BT 350.58 289.75 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 401.37 289.75 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 451.59 289.75 Td (or ) Tj ET Q q 0 0 0 rg BT 463.45 289.75 Td (winding-up ) Tj ET Q q 0 0 0 rg BT 514.79 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.10 289.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 277.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 128.71 277.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 165.96 277.75 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 208.21 277.75 Td (or ) Tj ET Q q 0 0 0 rg BT 218.78 277.75 Td (involuntary) Tj ET Q q 0 0 0 rg BT 266.40 277.75 Td (, ) Tj ET Q q 0 0 0 rg BT 270.85 277.75 Td (or ) Tj ET Q q 0 0 0 rg BT 281.42 277.75 Td (any ) Tj ET Q q 0 0 0 rg BT 299.22 277.75 Td (other ) Tj ET Q q 0 0 0 rg BT 323.69 277.75 Td (distribution ) Tj ET Q q 0 0 0 rg BT 373.73 277.75 Td (of ) Tj ET Q q 0 0 0 rg BT 383.74 277.75 Td (the ) Tj ET Q q 0 0 0 rg BT 399.32 277.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 429.90 277.75 Td (of ) Tj ET Q q 0 0 0 rg BT 439.92 277.75 Td (the ) Tj ET Q q 0 0 0 rg BT 455.49 277.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 509.42 277.75 Td (among ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 265.75 Td (its ) Tj ET Q q 0 0 0 rg BT 84.93 265.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 145.67 265.75 Td (for ) Tj ET Q q 0 0 0 rg BT 160.27 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 177.09 265.75 Td (purpose ) Tj ET Q q 0 0 0 rg BT 216.16 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 227.43 265.75 Td (winding-up ) Tj ET Q q 0 0 0 rg BT 278.72 265.75 Td (its ) Tj ET Q q 0 0 0 rg BT 291.65 265.75 Td (af) Tj ET Q q 0 0 0 rg BT 299.81 265.75 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 324.40 265.75 Td (and ) Tj ET Q q 0 0 0 rg BT 344.02 265.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 378.63 265.75 Td (to ) Tj ET Q q 0 0 0 rg BT 389.90 265.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 412.83 265.75 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 465.78 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 477.05 265.75 Td (all ) Tj ET Q q 0 0 0 rg BT 489.98 265.75 Td (preferential ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 99.20 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 110.28 253.75 Td (return ) Tj ET Q q 0 0 0 rg BT 139.15 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.24 253.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 181.89 253.75 Td (on ) Tj ET Q q 0 0 0 rg BT 195.76 253.75 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 245.76 253.75 Td (attached ) Tj ET Q q 0 0 0 rg BT 286.87 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 297.95 253.75 Td (all ) Tj ET Q q 0 0 0 rg BT 310.70 253.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 343.46 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 354.55 253.75 Td (other ) Tj ET Q q 0 0 0 rg BT 380.09 253.75 Td (classes ) Tj ET Q q 0 0 0 rg BT 416.18 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 427.26 253.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 460.02 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 471.11 253.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.75 253.75 Td (Corporation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (ranking ) Tj ET Q q 0 0 0 rg BT 108.24 241.75 Td (in ) Tj ET Q q 0 0 0 rg BT 119.47 241.75 Td (priority ) Tj ET Q q 0 0 0 rg BT 152.91 241.75 Td (to ) Tj ET Q q 0 0 0 rg BT 164.70 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 182.04 241.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 226.05 241.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 261.18 241.75 Td (in ) Tj ET Q q 0 0 0 rg BT 272.40 241.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 308.64 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.42 241.75 Td (return ) Tj ET Q q 0 0 0 rg BT 349.99 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 361.77 241.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.12 241.75 Td (on ) Tj ET Q q 0 0 0 rg BT 408.69 241.75 Td (dissolution, ) Tj ET Q q 0 0 0 rg BT 462.16 241.75 Td (to ) Tj ET Q q 0 0 0 rg BT 473.94 241.75 Td (share ) Tj ET Q q 0 0 0 rg BT 502.40 241.75 Td (rateably) Tj ET Q q 0 0 0 rg BT 537.23 241.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (together ) Tj ET Q q 0 0 0 rg BT 111.44 229.75 Td (with ) Tj ET Q q 0 0 0 rg BT 131.97 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.62 229.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 184.16 229.75 Td (of ) Tj ET Q q 0 0 0 rg BT 195.24 229.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 228.00 229.75 Td (of ) Tj ET Q q 0 0 0 rg BT 239.09 229.75 Td (any ) Tj ET Q q 0 0 0 rg BT 257.96 229.75 Td (other ) Tj ET Q q 0 0 0 rg BT 283.50 229.75 Td (class ) Tj ET Q q 0 0 0 rg BT 309.03 229.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.11 229.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 352.87 229.75 Td (of ) Tj ET Q q 0 0 0 rg BT 363.96 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 380.60 229.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 435.60 229.75 Td (ranking ) Tj ET Q q 0 0 0 rg BT 471.14 229.75 Td (equally ) Tj ET Q q 0 0 0 rg BT 505.58 229.75 Td (with ) Tj ET Q q 0 0 0 rg BT 526.11 229.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 116.39 217.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 151.90 217.75 Td (in ) Tj ET Q q 0 0 0 rg BT 163.51 217.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 200.12 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 212.29 217.75 Td (return ) Tj ET Q q 0 0 0 rg BT 242.24 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 254.40 217.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 287.13 217.75 Td (on ) Tj ET Q q 0 0 0 rg BT 302.08 217.75 Td (dissolution, ) Tj ET Q q 0 0 0 rg BT 355.93 217.75 Td (in ) Tj ET Q q 0 0 0 rg BT 367.54 217.75 Td (such ) Tj ET Q q 0 0 0 rg BT 392.49 217.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.21 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 437.38 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 455.10 217.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 511.18 217.75 Td (as ) Tj ET Q q 0 0 0 rg BT 525.56 217.75 Td (are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (available ) Tj ET Q q 0 0 0 rg BT 114.25 205.75 Td (for ) Tj ET Q q 0 0 0 rg BT 128.70 205.75 Td (distribution.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 119.25 184.75 Td (Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 163.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.51 163.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 136.37 163.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 169.67 163.75 Td (may ) Tj ET Q q 0 0 0 rg BT 191.85 163.75 Td (be ) Tj ET Q q 0 0 0 rg BT 206.25 163.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 238.44 163.75 Td (in ) Tj ET Q q 0 0 0 rg BT 249.51 163.75 Td (one ) Tj ET Q q 0 0 0 rg BT 269.48 163.75 Td (or ) Tj ET Q q 0 0 0 rg BT 281.65 163.75 Td (more ) Tj ET Q q 0 0 0 rg BT 307.72 163.75 Td (series, ) Tj ET Q q 0 0 0 rg BT 340.45 163.75 Td (at ) Tj ET Q q 0 0 0 rg BT 352.08 163.75 Td (any ) Tj ET Q q 0 0 0 rg BT 371.48 163.75 Td (time ) Tj ET Q q 0 0 0 rg BT 393.66 163.75 Td (or ) Tj ET Q q 0 0 0 rg BT 405.83 163.75 Td (from ) Tj ET Q q 0 0 0 rg BT 429.12 163.75 Td (time ) Tj ET Q q 0 0 0 rg BT 451.29 163.75 Td (to ) Tj ET Q q 0 0 0 rg BT 462.91 163.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 487.87 163.75 Td ( ) Tj ET Q q 0 0 0 rg BT 491.15 163.75 Td (Before ) Tj ET Q q 0 0 0 rg BT 523.90 163.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 151.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 105.20 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 116.73 151.75 Td (a ) Tj ET Q q 0 0 0 rg BT 125.48 151.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 169.80 151.75 Td (series ) Tj ET Q q 0 0 0 rg BT 199.67 151.75 Td (are ) Tj ET Q q 0 0 0 rg BT 217.31 151.75 Td (issued, ) Tj ET Q q 0 0 0 rg BT 252.18 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.27 151.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 299.15 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.68 151.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 353.87 151.75 Td (will ) Tj ET Q q 0 0 0 rg BT 370.95 151.75 Td (fix ) Tj ET Q q 0 0 0 rg BT 384.14 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 401.23 151.75 Td (number ) Tj ET Q q 0 0 0 rg BT 438.32 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 449.85 151.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 483.06 151.75 Td (that ) Tj ET Q q 0 0 0 rg BT 502.93 151.75 Td (will ) Tj ET Q q 0 0 0 rg BT 520.00 151.75 Td (form ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 139.75 Td (such ) Tj ET Q q 0 0 0 rg BT 96.09 139.75 Td (series ) Tj ET Q q 0 0 0 rg BT 125.73 139.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.38 139.75 Td (will, ) Tj ET Q q 0 0 0 rg BT 165.00 139.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 199.65 139.75 Td (to ) Tj ET Q q 0 0 0 rg BT 210.96 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.82 139.75 Td (limitations ) Tj ET Q q 0 0 0 rg BT 275.25 139.75 Td (set ) Tj ET Q q 0 0 0 rg BT 291.55 139.75 Td (out ) Tj ET Q q 0 0 0 rg BT 308.42 139.75 Td (in ) Tj ET Q q 0 0 0 rg BT 319.16 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.03 139.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 379.57 139.75 Td (share ) Tj ET Q q 0 0 0 rg BT 407.55 139.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 435.51 139.75 Td (described ) Tj ET Q q 0 0 0 rg BT 481.84 139.75 Td (below) Tj ET Q q 0 0 0 rg BT 507.41 139.75 Td (, ) Tj ET Q q 0 0 0 rg BT 513.16 139.75 Td (fix ) Tj ET Q q 0 0 0 rg BT 526.12 139.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 127.75 Td (designation, ) Tj ET Q q 0 0 0 rg BT 129.62 127.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 160.54 127.75 Td (privileges, ) Tj ET Q q 0 0 0 rg BT 209.25 127.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 261.28 127.75 Td (and ) Tj ET Q q 0 0 0 rg BT 281.65 127.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 330.37 127.75 Td (to ) Tj ET Q q 0 0 0 rg BT 342.40 127.75 Td (be ) Tj ET Q q 0 0 0 rg BT 357.21 127.75 Td (attached ) Tj ET Q q 0 0 0 rg BT 399.26 127.75 Td (to ) Tj ET Q q 0 0 0 rg BT 411.29 127.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.88 127.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 473.15 127.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 506.85 127.75 Td (of ) Tj ET Q q 0 0 0 rg BT 518.88 127.75 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 115.75 Td (series, ) Tj ET Q q 0 0 0 rg BT 103.48 115.75 Td (including, ) Tj ET Q q 0 0 0 rg BT 147.75 115.75 Td (but ) Tj ET Q q 0 0 0 rg BT 163.68 115.75 Td (without ) Tj ET Q q 0 0 0 rg BT 197.39 115.75 Td (in ) Tj ET Q q 0 0 0 rg BT 207.20 115.75 Td (any ) Tj ET Q q 0 0 0 rg BT 225.35 115.75 Td (way ) Tj ET Q q 0 0 0 rg BT 245.16 115.75 Td (limiting ) Tj ET Q q 0 0 0 rg BT 278.30 115.75 Td (or ) Tj ET Q q 0 0 0 rg BT 289.22 115.75 Td (restricting ) Tj ET Q q 0 0 0 rg BT 334.59 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 350.51 115.75 Td (generality ) Tj ET Q q 0 0 0 rg BT 395.90 115.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.26 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 422.19 115.75 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 468.69 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 484.62 115.75 Td (rate, ) Tj ET Q q 0 0 0 rg BT 506.66 115.75 Td (amount ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 103.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.15 103.75 Td (method ) Tj ET Q q 0 0 0 rg BT 118.75 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 129.35 103.75 Td (calculation ) Tj ET Q q 0 0 0 rg BT 178.85 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 189.44 103.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 233.95 103.75 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 272.90 103.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.05 103.75 Td (time ) Tj ET Q q 0 0 0 rg BT 310.20 103.75 Td (and ) Tj ET Q q 0 0 0 rg BT 329.13 103.75 Td (place ) Tj ET Q q 0 0 0 rg BT 355.29 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.89 103.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 406.49 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 417.09 103.75 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 464.37 103.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.53 103.75 Td (consideration ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 91.75 Td (for ) Tj ET Q q 0 0 0 rg BT 85.22 91.75 Td (and ) Tj ET Q q 0 0 0 rg BT 103.46 91.75 Td (the ) Tj ET Q q 0 0 0 rg BT 118.92 91.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 145.47 91.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.71 91.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 210.29 91.75 Td (of ) Tj ET Q q 0 0 0 rg BT 220.18 91.75 Td (any ) Tj ET Q q 0 0 0 rg BT 237.86 91.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 280.55 91.75 Td (for ) Tj ET Q q 0 0 0 rg BT 293.77 91.75 Td (cancellation, ) Tj ET Q q 0 0 0 rg BT 350.92 91.75 Td (retraction ) Tj ET Q q 0 0 0 rg BT 394.15 91.75 Td (or ) Tj ET Q q 0 0 0 rg BT 404.60 91.75 Td (redemption ) Tj ET Q q 0 0 0 rg BT 456.18 91.75 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 491.65 91.75 Td (conversion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 79.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.64 79.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 129.75 79.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 156.95 79.75 Td (\(if ) Tj ET Q q 0 0 0 rg BT 168.03 79.75 Td (any\), ) Tj ET Q q 0 0 0 rg BT 193.00 79.75 Td (and ) Tj ET Q q 0 0 0 rg BT 212.43 79.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 250.76 79.75 Td (into ) Tj ET Q q 0 0 0 rg BT 269.62 79.75 Td (or ) Tj ET Q q 0 0 0 rg BT 281.26 79.75 Td (for ) Tj ET Q q 0 0 0 rg BT 295.68 79.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 340.66 79.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.74 79.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 385.06 79.75 Td (or ) Tj ET Q q 0 0 0 rg BT 396.70 79.75 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 445.02 79.75 Td (voting ) Tj ET Q q 0 0 0 rg BT 474.45 79.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 501.65 79.75 Td (attached ) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (thereto ) Tj ET Q q 0 0 0 rg BT 106.86 712.75 Td (\(if ) Tj ET Q q 0 0 0 rg BT 118.91 712.75 Td (any\), ) Tj ET Q q 0 0 0 rg BT 144.87 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.50 712.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 191.22 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 211.63 712.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 260.39 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.45 712.75 Td (any ) Tj ET Q q 0 0 0 rg BT 292.30 712.75 Td (share ) Tj ET Q q 0 0 0 rg BT 321.04 712.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 365.90 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 378.52 712.75 Td (retirement ) Tj ET Q q 0 0 0 rg BT 427.26 712.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 449.89 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 462.51 712.75 Td (sinking ) Tj ET Q q 0 0 0 rg BT 497.36 712.75 Td (fund, ) Tj ET Q q 0 0 0 rg BT 523.32 712.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 123.33 700.75 Td (on ) Tj ET Q q 0 0 0 rg BT 137.44 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 154.32 700.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 195.66 700.75 Td (of ) Tj ET Q q 0 0 0 rg BT 206.99 700.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 252.22 700.75 Td (on ) Tj ET Q q 0 0 0 rg BT 266.33 700.75 Td (any ) Tj ET Q q 0 0 0 rg BT 285.44 700.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 318.43 700.75 Td (other ) Tj ET Q q 0 0 0 rg BT 344.21 700.75 Td (than ) Tj ET Q q 0 0 0 rg BT 366.66 700.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 410.22 700.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 443.22 700.75 Td (or ) Tj ET Q q 0 0 0 rg BT 455.09 700.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 496.43 700.75 Td (in ) Tj ET Q q 0 0 0 rg BT 507.20 700.75 Td (respect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.28 688.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 115.13 688.75 Td (on ) Tj ET Q q 0 0 0 rg BT 129.20 688.75 Td (any ) Tj ET Q q 0 0 0 rg BT 148.27 688.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 181.23 688.75 Td (in ) Tj ET Q q 0 0 0 rg BT 191.95 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.80 688.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 240.65 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 251.93 688.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 285.45 688.75 Td (or ) Tj ET Q q 0 0 0 rg BT 297.28 688.75 Td (creation ) Tj ET Q q 0 0 0 rg BT 335.80 688.75 Td (or ) Tj ET Q q 0 0 0 rg BT 347.64 688.75 Td (issue ) Tj ET Q q 0 0 0 rg BT 373.93 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 385.21 688.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 407.62 688.75 Td (or ) Tj ET Q q 0 0 0 rg BT 419.45 688.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 449.08 688.75 Td (securities; ) Tj ET Q q 0 0 0 rg BT 497.04 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 513.88 688.75 Td (whole ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 106.07 676.75 Td (to ) Tj ET Q q 0 0 0 rg BT 116.79 676.75 Td (filing ) Tj ET Q q 0 0 0 rg BT 139.74 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 149.99 676.75 Td (Articles ) Tj ET Q q 0 0 0 rg BT 185.16 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 195.41 676.75 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 251.71 676.75 Td (setting ) Tj ET Q q 0 0 0 rg BT 283.56 676.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 305.95 676.75 Td (a ) Tj ET Q q 0 0 0 rg BT 313.89 676.75 Td (description ) Tj ET Q q 0 0 0 rg BT 364.64 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 375.36 676.75 Td (such ) Tj ET Q q 0 0 0 rg BT 398.87 676.75 Td (series ) Tj ET Q q 0 0 0 rg BT 427.93 676.75 Td (including ) Tj ET Q q 0 0 0 rg BT 469.78 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 486.07 676.75 Td (designation, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 103.16 664.75 Td (privileges, ) Tj ET Q q 0 0 0 rg BT 152.11 664.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 204.39 664.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.01 664.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 273.97 664.75 Td (attached ) Tj ET Q q 0 0 0 rg BT 316.26 664.75 Td (to ) Tj ET Q q 0 0 0 rg BT 328.54 664.75 Td (the ) Tj ET Q q 0 0 0 rg BT 346.37 664.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 380.31 664.75 Td (of ) Tj ET Q q 0 0 0 rg BT 392.59 664.75 Td (such ) Tj ET Q q 0 0 0 rg BT 417.64 664.75 Td (series. ) Tj ET Q q 0 0 0 rg BT 451.03 664.75 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 526.11 664.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (foregoing: ) Tj ET Q q 0 0 0 rg BT 120.21 652.75 Td (\(a\)the ) Tj ET Q q 0 0 0 rg BT 152.83 652.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 183.25 652.75 Td (of ) Tj ET Q q 0 0 0 rg BT 195.32 652.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 239.05 652.75 Td (may ) Tj ET Q q 0 0 0 rg BT 261.67 652.75 Td (at ) Tj ET Q q 0 0 0 rg BT 273.74 652.75 Td (any ) Tj ET Q q 0 0 0 rg BT 293.59 652.75 Td (time ) Tj ET Q q 0 0 0 rg BT 316.21 652.75 Td (or ) Tj ET Q q 0 0 0 rg BT 328.83 652.75 Td (from ) Tj ET Q q 0 0 0 rg BT 352.55 652.75 Td (time ) Tj ET Q q 0 0 0 rg BT 375.17 652.75 Td (to ) Tj ET Q q 0 0 0 rg BT 387.24 652.75 Td (time ) Tj ET Q q 0 0 0 rg BT 409.86 652.75 Td (change ) Tj ET Q q 0 0 0 rg BT 446.40 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.03 652.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 494.99 652.75 Td (privileges, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 640.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 122.67 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 141.68 640.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 189.03 640.75 Td (attached ) Tj ET Q q 0 0 0 rg BT 229.72 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 240.38 640.75 Td (unissued ) Tj ET Q q 0 0 0 rg BT 282.73 640.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 315.07 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 325.74 640.75 Td (any ) Tj ET Q q 0 0 0 rg BT 344.18 640.75 Td (series ) Tj ET Q q 0 0 0 rg BT 373.18 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 383.85 640.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 426.75 640.75 Td (shares; ) Tj ET Q q 0 0 0 rg BT 461.86 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 480.87 640.75 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 495.42 640.75 Td (other ) Tj ET Q q 0 0 0 rg BT 520.53 640.75 Td (than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 628.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.36 628.75 Td (the ) Tj ET Q q 0 0 0 rg BT 98.85 628.75 Td (case ) Tj ET Q q 0 0 0 rg BT 122.55 628.75 Td (of ) Tj ET Q q 0 0 0 rg BT 133.47 628.75 Td (a ) Tj ET Q q 0 0 0 rg BT 141.62 628.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 171.43 628.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.36 628.75 Td (declare ) Tj ET Q q 0 0 0 rg BT 217.74 628.75 Td (or ) Tj ET Q q 0 0 0 rg BT 229.21 628.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 247.91 628.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 292.75 628.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 334.79 628.75 Td (in ) Tj ET Q q 0 0 0 rg BT 345.16 628.75 Td (any ) Tj ET Q q 0 0 0 rg BT 363.86 628.75 Td (series ) Tj ET Q q 0 0 0 rg BT 393.12 628.75 Td (of ) Tj ET Q q 0 0 0 rg BT 404.04 628.75 Td (the ) Tj ET Q q 0 0 0 rg BT 420.52 628.75 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 464.79 628.75 Td (Share, ) Tj ET Q q 0 0 0 rg BT 496.84 628.75 Td (the ) Tj ET Q q 0 0 0 rg BT 513.32 628.75 Td (voting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 98.92 616.75 Td (attached ) Tj ET Q q 0 0 0 rg BT 139.75 616.75 Td (to ) Tj ET Q q 0 0 0 rg BT 150.56 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.93 616.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 209.97 616.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.46 616.75 Td (will ) Tj ET Q q 0 0 0 rg BT 258.81 616.75 Td (be ) Tj ET Q q 0 0 0 rg BT 272.40 616.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 303.77 616.75 Td (to ) Tj ET Q q 0 0 0 rg BT 314.57 616.75 Td (one ) Tj ET Q q 0 0 0 rg BT 333.73 616.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 355.09 616.75 Td (per ) Tj ET Q q 0 0 0 rg BT 372.02 616.75 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 416.17 616.75 Td (Share ) Tj ET Q q 0 0 0 rg BT 445.32 616.75 Td (at ) Tj ET Q q 0 0 0 rg BT 456.13 616.75 Td (any ) Tj ET Q q 0 0 0 rg BT 474.72 616.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 512.76 616.75 Td (where ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 604.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 604.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 132.03 604.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.83 604.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.29 604.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 227.63 604.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 262.10 604.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 283.78 604.75 Td (together ) Tj ET Q q 0 0 0 rg BT 323.25 604.75 Td (as ) Tj ET Q q 0 0 0 rg BT 336.59 604.75 Td (a ) Tj ET Q q 0 0 0 rg BT 344.93 604.75 Td (single ) Tj ET Q q 0 0 0 rg BT 373.84 604.75 Td (class.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.53 583.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 136.41 583.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 169.73 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 181.37 583.75 Td (each ) Tj ET Q q 0 0 0 rg BT 206.36 583.75 Td (series ) Tj ET Q q 0 0 0 rg BT 236.33 583.75 Td (will ) Tj ET Q q 0 0 0 rg BT 253.52 583.75 Td (rank ) Tj ET Q q 0 0 0 rg BT 276.28 583.75 Td (equally ) Tj ET Q q 0 0 0 rg BT 311.27 583.75 Td (with ) Tj ET Q q 0 0 0 rg BT 332.35 583.75 Td (the ) Tj ET Q q 0 0 0 rg BT 349.55 583.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 393.43 583.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 426.75 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 438.39 583.75 Td (every ) Tj ET Q q 0 0 0 rg BT 466.15 583.75 Td (other ) Tj ET Q q 0 0 0 rg BT 492.24 583.75 Td (series ) Tj ET Q q 0 0 0 rg BT 522.22 583.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 571.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 107.05 571.75 Td (to ) Tj ET Q q 0 0 0 rg BT 117.66 571.75 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 176.62 571.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 221.13 571.75 Td (and ) Tj ET Q q 0 0 0 rg BT 240.07 571.75 Td (return ) Tj ET Q q 0 0 0 rg BT 268.46 571.75 Td (of ) Tj ET Q q 0 0 0 rg BT 279.06 571.75 Td (capital. ) Tj ET Q q 0 0 0 rg BT 313.00 571.75 Td ( ) Tj ET Q q 0 0 0 rg BT 315.12 571.75 Td (The ) Tj ET Q q 0 0 0 rg BT 334.61 571.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 377.45 571.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 409.73 571.75 Td (will ) Tj ET Q q 0 0 0 rg BT 425.87 571.75 Td (be ) Tj ET Q q 0 0 0 rg BT 439.26 571.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 473.76 571.75 Td (to ) Tj ET Q q 0 0 0 rg BT 484.37 571.75 Td (a ) Tj ET Q q 0 0 0 rg BT 492.19 571.75 Td (preference ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 559.75 Td (over ) Tj ET Q q 0 0 0 rg BT 94.43 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 111.30 559.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 154.84 559.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 189.50 559.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.16 559.75 Td (over ) Tj ET Q q 0 0 0 rg BT 231.58 559.75 Td (any ) Tj ET Q q 0 0 0 rg BT 250.68 559.75 Td (other ) Tj ET Q q 0 0 0 rg BT 276.45 559.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.44 559.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.75 559.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 354.29 559.75 Td (ranking ) Tj ET Q q 0 0 0 rg BT 390.07 559.75 Td (junior ) Tj ET Q q 0 0 0 rg BT 417.50 559.75 Td (to ) Tj ET Q q 0 0 0 rg BT 428.81 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.69 559.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 489.24 559.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 522.22 559.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 107.22 547.75 Td (to ) Tj ET Q q 0 0 0 rg BT 117.98 547.75 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.41 547.75 Td (in ) Tj ET Q q 0 0 0 rg BT 160.62 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.94 547.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 217.72 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 228.49 547.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 273.16 547.75 Td (and ) Tj ET Q q 0 0 0 rg BT 292.27 547.75 Td (in ) Tj ET Q q 0 0 0 rg BT 302.48 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 318.80 547.75 Td (distribution ) Tj ET Q q 0 0 0 rg BT 369.59 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 380.35 547.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.68 547.75 Td (in ) Tj ET Q q 0 0 0 rg BT 421.89 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 438.21 547.75 Td (event ) Tj ET Q q 0 0 0 rg BT 465.10 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 475.86 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 492.19 547.75 Td (liquidation, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 535.75 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 121.85 535.75 Td (or ) Tj ET Q q 0 0 0 rg BT 133.35 535.75 Td (winding-up ) Tj ET Q q 0 0 0 rg BT 184.32 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 195.26 535.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 231.21 535.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 269.39 535.75 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 312.57 535.75 Td (or ) Tj ET Q q 0 0 0 rg BT 324.07 535.75 Td (involuntary) Tj ET Q q 0 0 0 rg BT 371.69 535.75 Td (, ) Tj ET Q q 0 0 0 rg BT 377.07 535.75 Td (or ) Tj ET Q q 0 0 0 rg BT 388.56 535.75 Td (any ) Tj ET Q q 0 0 0 rg BT 407.29 535.75 Td (other ) Tj ET Q q 0 0 0 rg BT 432.69 535.75 Td (distribution ) Tj ET Q q 0 0 0 rg BT 483.65 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 494.59 535.75 Td (the ) Tj ET Q q 0 0 0 rg BT 511.10 535.75 Td (assets ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 523.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.39 523.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 117.01 523.75 Td (among ) Tj ET Q q 0 0 0 rg BT 150.64 523.75 Td (its ) Tj ET Q q 0 0 0 rg BT 163.69 523.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 224.55 523.75 Td (for ) Tj ET Q q 0 0 0 rg BT 239.27 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 256.22 523.75 Td (purpose ) Tj ET Q q 0 0 0 rg BT 295.41 523.75 Td (of ) Tj ET Q q 0 0 0 rg BT 306.80 523.75 Td (winding-up ) Tj ET Q q 0 0 0 rg BT 358.21 523.75 Td (its ) Tj ET Q q 0 0 0 rg BT 371.26 523.75 Td (af) Tj ET Q q 0 0 0 rg BT 379.42 523.75 Td (fairs. ) Tj ET Q q 0 0 0 rg BT 404.14 523.75 Td ( ) Tj ET Q q 0 0 0 rg BT 407.19 523.75 Td (If ) Tj ET Q q 0 0 0 rg BT 415.80 523.75 Td (any ) Tj ET Q q 0 0 0 rg BT 434.97 523.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 485.82 523.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 531.12 523.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 511.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 113.22 511.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 151.11 511.75 Td (on ) Tj ET Q q 0 0 0 rg BT 165.10 511.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.53 511.75 Td (return ) Tj ET Q q 0 0 0 rg BT 202.52 511.75 Td (of ) Tj ET Q q 0 0 0 rg BT 213.72 511.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 245.49 511.75 Td (are ) Tj ET Q q 0 0 0 rg BT 262.81 511.75 Td (not ) Tj ET Q q 0 0 0 rg BT 279.58 511.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 301.35 511.75 Td (in ) Tj ET Q q 0 0 0 rg BT 312.00 511.75 Td (full, ) Tj ET Q q 0 0 0 rg BT 330.43 511.75 Td (the ) Tj ET Q q 0 0 0 rg BT 347.19 511.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 390.63 511.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 423.51 511.75 Td (of ) Tj ET Q q 0 0 0 rg BT 434.72 511.75 Td (all ) Tj ET Q q 0 0 0 rg BT 447.59 511.75 Td (series ) Tj ET Q q 0 0 0 rg BT 477.13 511.75 Td (will ) Tj ET Q q 0 0 0 rg BT 493.88 511.75 Td (participate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 499.75 Td (rateably ) Tj ET Q q 0 0 0 rg BT 109.46 499.75 Td (in ) Tj ET Q q 0 0 0 rg BT 119.13 499.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 153.81 499.75 Td (of ) Tj ET Q q 0 0 0 rg BT 164.04 499.75 Td (such ) Tj ET Q q 0 0 0 rg BT 187.04 499.75 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 233.96 499.75 Td (including ) Tj ET Q q 0 0 0 rg BT 275.32 499.75 Td (accumulations, ) Tj ET Q q 0 0 0 rg BT 343.90 499.75 Td (if ) Tj ET Q q 0 0 0 rg BT 350.79 499.75 Td (any) Tj ET Q q 0 0 0 rg BT 366.17 499.75 Td (, ) Tj ET Q q 0 0 0 rg BT 370.83 499.75 Td (in ) Tj ET Q q 0 0 0 rg BT 380.50 499.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 434.09 499.75 Td (with ) Tj ET Q q 0 0 0 rg BT 453.76 499.75 Td (the ) Tj ET Q q 0 0 0 rg BT 469.54 499.75 Td (sums ) Tj ET Q q 0 0 0 rg BT 495.32 499.75 Td (that ) Tj ET Q q 0 0 0 rg BT 513.89 499.75 Td (would ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 487.75 Td (be ) Tj ET Q q 0 0 0 rg BT 84.79 487.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 121.48 487.75 Td (on ) Tj ET Q q 0 0 0 rg BT 134.26 487.75 Td (such ) Tj ET Q q 0 0 0 rg BT 157.05 487.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 188.73 487.75 Td (if ) Tj ET Q q 0 0 0 rg BT 195.39 487.75 Td (all ) Tj ET Q q 0 0 0 rg BT 207.06 487.75 Td (such ) Tj ET Q q 0 0 0 rg BT 229.85 487.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 273.76 487.75 Td (were ) Tj ET Q q 0 0 0 rg BT 297.10 487.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 337.12 487.75 Td (and ) Tj ET Q q 0 0 0 rg BT 355.47 487.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 376.04 487.75 Td (in ) Tj ET Q q 0 0 0 rg BT 385.48 487.75 Td (full, ) Tj ET Q q 0 0 0 rg BT 402.71 487.75 Td (and ) Tj ET Q q 0 0 0 rg BT 421.06 487.75 Td (in ) Tj ET Q q 0 0 0 rg BT 430.50 487.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 464.96 487.75 Td (of ) Tj ET Q q 0 0 0 rg BT 474.96 487.75 Td (any ) Tj ET Q q 0 0 0 rg BT 492.75 487.75 Td (repayment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.53 475.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 115.62 475.75 Td (in ) Tj ET Q q 0 0 0 rg BT 126.59 475.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 181.47 475.75 Td (with ) Tj ET Q q 0 0 0 rg BT 202.44 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.53 475.75 Td (sums ) Tj ET Q q 0 0 0 rg BT 246.61 475.75 Td (that ) Tj ET Q q 0 0 0 rg BT 266.48 475.75 Td (would ) Tj ET Q q 0 0 0 rg BT 295.79 475.75 Td (be ) Tj ET Q q 0 0 0 rg BT 310.10 475.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 348.32 475.75 Td (on ) Tj ET Q q 0 0 0 rg BT 362.63 475.75 Td (such ) Tj ET Q q 0 0 0 rg BT 386.94 475.75 Td (repayment ) Tj ET Q q 0 0 0 rg BT 437.37 475.75 Td (of ) Tj ET Q q 0 0 0 rg BT 448.89 475.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 480.99 475.75 Td (if ) Tj ET Q q 0 0 0 rg BT 489.17 475.75 Td (all ) Tj ET Q q 0 0 0 rg BT 502.37 475.75 Td (sums ) Tj ET Q q 0 0 0 rg BT 529.44 475.75 Td (so ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 463.75 Td (payable ) Tj ET Q q 0 0 0 rg BT 109.75 463.75 Td (were ) Tj ET Q q 0 0 0 rg BT 134.15 463.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 155.78 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 166.29 463.75 Td (full; ) Tj ET Q q 0 0 0 rg BT 184.58 463.75 Td (provided, ) Tj ET Q q 0 0 0 rg BT 228.44 463.75 Td (however) Tj ET Q q 0 0 0 rg BT 265.68 463.75 Td (, ) Tj ET Q q 0 0 0 rg BT 271.19 463.75 Td (that ) Tj ET Q q 0 0 0 rg BT 290.59 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 301.10 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.72 463.75 Td (event ) Tj ET Q q 0 0 0 rg BT 344.91 463.75 Td (of ) Tj ET Q q 0 0 0 rg BT 355.97 463.75 Td (there ) Tj ET Q q 0 0 0 rg BT 381.49 463.75 Td (being ) Tj ET Q q 0 0 0 rg BT 408.68 463.75 Td (insuf) Tj ET Q q 0 0 0 rg BT 429.63 463.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 458.47 463.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 490.10 463.75 Td (to ) Tj ET Q q 0 0 0 rg BT 501.16 463.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 532.23 463.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 451.75 Td (full ) Tj ET Q q 0 0 0 rg BT 87.28 451.75 Td (all ) Tj ET Q q 0 0 0 rg BT 99.79 451.75 Td (such ) Tj ET Q q 0 0 0 rg BT 123.41 451.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 154.25 451.75 Td (as ) Tj ET Q q 0 0 0 rg BT 167.31 451.75 Td (aforesaid, ) Tj ET Q q 0 0 0 rg BT 213.72 451.75 Td (the ) Tj ET Q q 0 0 0 rg BT 230.13 451.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 260.96 451.75 Td (of ) Tj ET Q q 0 0 0 rg BT 271.80 451.75 Td (the ) Tj ET Q q 0 0 0 rg BT 288.20 451.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 323.50 451.75 Td (of ) Tj ET Q q 0 0 0 rg BT 334.34 451.75 Td (the ) Tj ET Q q 0 0 0 rg BT 350.74 451.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 393.82 451.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 426.33 451.75 Td (with ) Tj ET Q q 0 0 0 rg BT 446.61 451.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 481.91 451.75 Td (to ) Tj ET Q q 0 0 0 rg BT 492.75 451.75 Td (repayment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 439.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.64 439.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 115.84 439.75 Td (will ) Tj ET Q q 0 0 0 rg BT 133.03 439.75 Td (first ) Tj ET Q q 0 0 0 rg BT 152.44 439.75 Td (be ) Tj ET Q q 0 0 0 rg BT 166.86 439.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 189.07 439.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.05 439.75 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 249.03 439.75 Td (and ) Tj ET Q q 0 0 0 rg BT 269.02 439.75 Td (any ) Tj ET Q q 0 0 0 rg BT 288.44 439.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 320.64 439.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 367.85 439.75 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 413.95 439.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 437.82 439.75 Td (be ) Tj ET Q q 0 0 0 rg BT 452.24 439.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 487.79 439.75 Td (towards ) Tj ET Q q 0 0 0 rg BT 526.11 439.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 427.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 113.36 427.75 Td (in ) Tj ET Q q 0 0 0 rg BT 124.15 427.75 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 177.18 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.53 427.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 219.87 427.75 Td (in ) Tj ET Q q 0 0 0 rg BT 230.66 427.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 266.46 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.80 427.75 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 325.84 427.75 Td ( ) Tj ET Q q 0 0 0 rg BT 328.65 427.75 Td (The ) Tj ET Q q 0 0 0 rg BT 348.89 427.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 392.47 427.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 425.49 427.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.84 427.75 Td (any ) Tj ET Q q 0 0 0 rg BT 455.97 427.75 Td (series ) Tj ET Q q 0 0 0 rg BT 485.65 427.75 Td (may ) Tj ET Q q 0 0 0 rg BT 507.55 427.75 Td (also ) Tj ET Q q 0 0 0 rg BT 528.90 427.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 415.75 Td (given ) Tj ET Q q 0 0 0 rg BT 99.72 415.75 Td (such ) Tj ET Q q 0 0 0 rg BT 124.66 415.75 Td (other ) Tj ET Q q 0 0 0 rg BT 151.27 415.75 Td (preferences ) Tj ET Q q 0 0 0 rg BT 207.89 415.75 Td (not ) Tj ET Q q 0 0 0 rg BT 225.61 415.75 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 282.23 415.75 Td (with ) Tj ET Q q 0 0 0 rg BT 303.83 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 321.54 415.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 350.36 415.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.51 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 380.23 415.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 424.62 415.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 458.45 415.75 Td (over ) Tj ET Q q 0 0 0 rg BT 481.72 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 499.43 415.75 Td (Common ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 403.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 106.96 403.75 Td (and ) Tj ET Q q 0 0 0 rg BT 126.91 403.75 Td (any ) Tj ET Q q 0 0 0 rg BT 146.31 403.75 Td (other ) Tj ET Q q 0 0 0 rg BT 172.37 403.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 205.65 403.75 Td (ranking ) Tj ET Q q 0 0 0 rg BT 241.72 403.75 Td (junior ) Tj ET Q q 0 0 0 rg BT 269.45 403.75 Td (to ) Tj ET Q q 0 0 0 rg BT 281.06 403.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.24 403.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 342.08 403.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 375.37 403.75 Td (as ) Tj ET Q q 0 0 0 rg BT 389.20 403.75 Td (may ) Tj ET Q q 0 0 0 rg BT 411.36 403.75 Td (be ) Tj ET Q q 0 0 0 rg BT 425.76 403.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 479.06 403.75 Td (in ) Tj ET Q q 0 0 0 rg BT 490.11 403.75 Td (the ) Tj ET Q q 0 0 0 rg BT 507.28 403.75 Td (case ) Tj ET Q q 0 0 0 rg BT 531.68 403.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 391.75 Td (each ) Tj ET Q q 0 0 0 rg BT 96.46 391.75 Td (such ) Tj ET Q q 0 0 0 rg BT 120.36 391.75 Td (series ) Tj ET Q q 0 0 0 rg BT 149.82 391.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.94 391.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 204.29 391.75 Td (shares.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 370.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.37 370.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 120.74 370.75 Td (privileges, ) Tj ET Q q 0 0 0 rg BT 167.90 370.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 218.39 370.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.21 370.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 284.38 370.75 Td (attaching ) Tj ET Q q 0 0 0 rg BT 327.11 370.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.59 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 353.63 370.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 396.35 370.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 428.51 370.75 Td (may ) Tj ET Q q 0 0 0 rg BT 449.54 370.75 Td (be ) Tj ET Q q 0 0 0 rg BT 462.80 370.75 Td (repealed, ) Tj ET Q q 0 0 0 rg BT 506.64 370.75 Td (altered, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 358.75 Td (modified, ) Tj ET Q q 0 0 0 rg BT 115.87 358.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 160.87 358.75 Td (or ) Tj ET Q q 0 0 0 rg BT 173.06 358.75 Td (amplified ) Tj ET Q q 0 0 0 rg BT 216.38 358.75 Td (or ) Tj ET Q q 0 0 0 rg BT 228.57 358.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 274.66 358.75 Td (varied ) Tj ET Q q 0 0 0 rg BT 305.20 358.75 Td (only ) Tj ET Q q 0 0 0 rg BT 326.84 358.75 Td (with ) Tj ET Q q 0 0 0 rg BT 347.92 358.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.12 358.75 Td (sanction ) Tj ET Q q 0 0 0 rg BT 405.66 358.75 Td (of ) Tj ET Q q 0 0 0 rg BT 417.30 358.75 Td (the ) Tj ET Q q 0 0 0 rg BT 434.50 358.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 470.60 358.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.23 358.75 Td (the ) Tj ET Q q 0 0 0 rg BT 499.43 358.75 Td (preferred ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 104.76 346.75 Td (given ) Tj ET Q q 0 0 0 rg BT 131.42 346.75 Td (in ) Tj ET Q q 0 0 0 rg BT 141.95 346.75 Td (such ) Tj ET Q q 0 0 0 rg BT 165.82 346.75 Td (manner ) Tj ET Q q 0 0 0 rg BT 202.47 346.75 Td (as ) Tj ET Q q 0 0 0 rg BT 215.78 346.75 Td (may ) Tj ET Q q 0 0 0 rg BT 237.42 346.75 Td (then ) Tj ET Q q 0 0 0 rg BT 259.63 346.75 Td (be ) Tj ET Q q 0 0 0 rg BT 273.50 346.75 Td (required ) Tj ET Q q 0 0 0 rg BT 312.93 346.75 Td (by ) Tj ET Q q 0 0 0 rg BT 326.24 346.75 Td (law) Tj ET Q q 0 0 0 rg BT 340.69 346.75 Td (, ) Tj ET Q q 0 0 0 rg BT 346.22 346.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 380.65 346.75 Td (to ) Tj ET Q q 0 0 0 rg BT 391.74 346.75 Td (a ) Tj ET Q q 0 0 0 rg BT 400.05 346.75 Td (minimum ) Tj ET Q q 0 0 0 rg BT 443.35 346.75 Td (requirement ) Tj ET Q q 0 0 0 rg BT 499.46 346.75 Td (that ) Tj ET Q q 0 0 0 rg BT 518.88 346.75 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (approval ) Tj ET Q q 0 0 0 rg BT 113.50 334.75 Td (be ) Tj ET Q q 0 0 0 rg BT 127.76 334.75 Td (given ) Tj ET Q q 0 0 0 rg BT 154.80 334.75 Td (by ) Tj ET Q q 0 0 0 rg BT 168.50 334.75 Td (resolution ) Tj ET Q q 0 0 0 rg BT 215.00 334.75 Td (passed ) Tj ET Q q 0 0 0 rg BT 250.38 334.75 Td (by ) Tj ET Q q 0 0 0 rg BT 264.08 334.75 Td (the ) Tj ET Q q 0 0 0 rg BT 281.12 334.75 Td (af) Tj ET Q q 0 0 0 rg BT 289.28 334.75 Td (firmative ) Tj ET Q q 0 0 0 rg BT 330.20 334.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 352.24 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 363.72 334.75 Td (at ) Tj ET Q q 0 0 0 rg BT 375.19 334.75 Td (least ) Tj ET Q q 0 0 0 rg BT 399.46 334.75 Td (two-thirds ) Tj ET Q q 0 0 0 rg BT 445.94 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 457.42 334.75 Td (the ) Tj ET Q q 0 0 0 rg BT 474.45 334.75 Td (votes ) Tj ET Q q 0 0 0 rg BT 501.49 334.75 Td (cast ) Tj ET Q q 0 0 0 rg BT 522.97 334.75 Td (at ) Tj ET Q q 0 0 0 rg BT 534.45 334.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 110.40 322.75 Td (of ) Tj ET Q q 0 0 0 rg BT 121.56 322.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 157.18 322.75 Td (of ) Tj ET Q q 0 0 0 rg BT 168.35 322.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 211.75 322.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 244.58 322.75 Td (duly ) Tj ET Q q 0 0 0 rg BT 265.75 322.75 Td (called ) Tj ET Q q 0 0 0 rg BT 294.70 322.75 Td (for ) Tj ET Q q 0 0 0 rg BT 309.20 322.75 Td (such ) Tj ET Q q 0 0 0 rg BT 333.14 322.75 Td (purpose ) Tj ET Q q 0 0 0 rg BT 372.10 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.61 322.75 Td (held ) Tj ET Q q 0 0 0 rg BT 413.34 322.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 438.41 322.75 Td (at ) Tj ET Q q 0 0 0 rg BT 449.57 322.75 Td (least ) Tj ET Q q 0 0 0 rg BT 473.52 322.75 Td (21 ) Tj ET Q q 0 0 0 rg BT 487.47 322.75 Td (days' ) Tj ET Q q 0 0 0 rg BT 513.32 322.75 Td (notice ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (at ) Tj ET Q q 0 0 0 rg BT 83.22 310.75 Td (which ) Tj ET Q q 0 0 0 rg BT 111.66 310.75 Td (a ) Tj ET Q q 0 0 0 rg BT 120.10 310.75 Td (quorum ) Tj ET Q q 0 0 0 rg BT 156.88 310.75 Td (is ) Tj ET Q q 0 0 0 rg BT 166.98 310.75 Td (present ) Tj ET Q q 0 0 0 rg BT 203.21 310.75 Td (comprising ) Tj ET Q q 0 0 0 rg BT 254.43 310.75 Td (at ) Tj ET Q q 0 0 0 rg BT 265.65 310.75 Td (least ) Tj ET Q q 0 0 0 rg BT 289.65 310.75 Td (two ) Tj ET Q q 0 0 0 rg BT 308.08 310.75 Td (persons ) Tj ET Q q 0 0 0 rg BT 346.54 310.75 Td (present, ) Tj ET Q q 0 0 0 rg BT 385.54 310.75 Td (holding ) Tj ET Q q 0 0 0 rg BT 420.67 310.75 Td (or ) Tj ET Q q 0 0 0 rg BT 432.44 310.75 Td (representing ) Tj ET Q q 0 0 0 rg BT 490.91 310.75 Td (by ) Tj ET Q q 0 0 0 rg BT 504.34 310.75 Td (proxy ) Tj ET Q q 0 0 0 rg BT 531.67 310.75 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (least ) Tj ET Q q 0 0 0 rg BT 94.58 298.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 107.16 298.75 Td (percent ) Tj ET Q q 0 0 0 rg BT 141.98 298.75 Td (of ) Tj ET Q q 0 0 0 rg BT 151.77 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 167.13 298.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 220.30 298.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 262.34 298.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 293.81 298.75 Td (or ) Tj ET Q q 0 0 0 rg BT 304.16 298.75 Td (by ) Tj ET Q q 0 0 0 rg BT 316.18 298.75 Td (a ) Tj ET Q q 0 0 0 rg BT 323.20 298.75 Td (resolution ) Tj ET Q q 0 0 0 rg BT 368.02 298.75 Td (in ) Tj ET Q q 0 0 0 rg BT 377.26 298.75 Td (writing ) Tj ET Q q 0 0 0 rg BT 407.61 298.75 Td (of ) Tj ET Q q 0 0 0 rg BT 417.41 298.75 Td (all ) Tj ET Q q 0 0 0 rg BT 428.88 298.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 463.13 298.75 Td (of ) Tj ET Q q 0 0 0 rg BT 472.93 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.29 298.75 Td (outstanding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 286.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 116.17 286.75 Td (shares. ) Tj ET Q q 0 0 0 rg BT 152.56 286.75 Td ( ) Tj ET Q q 0 0 0 rg BT 156.16 286.75 Td (If ) Tj ET Q q 0 0 0 rg BT 165.31 286.75 Td (any ) Tj ET Q q 0 0 0 rg BT 185.03 286.75 Td (such ) Tj ET Q q 0 0 0 rg BT 209.75 286.75 Td (quorum ) Tj ET Q q 0 0 0 rg BT 247.25 286.75 Td (is ) Tj ET Q q 0 0 0 rg BT 258.07 286.75 Td (not ) Tj ET Q q 0 0 0 rg BT 275.57 286.75 Td (present ) Tj ET Q q 0 0 0 rg BT 312.52 286.75 Td (within ) Tj ET Q q 0 0 0 rg BT 341.68 286.75 Td (half ) Tj ET Q q 0 0 0 rg BT 361.40 286.75 Td (an ) Tj ET Q q 0 0 0 rg BT 376.12 286.75 Td (hour ) Tj ET Q q 0 0 0 rg BT 399.73 286.75 Td (after ) Tj ET Q q 0 0 0 rg BT 423.34 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 440.83 286.75 Td (time ) Tj ET Q q 0 0 0 rg BT 463.32 286.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 510.85 286.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.11 286.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 113.63 274.75 Td (then ) Tj ET Q q 0 0 0 rg BT 136.36 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 153.53 274.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 192.38 274.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 216.22 274.75 Td (be ) Tj ET Q q 0 0 0 rg BT 230.61 274.75 Td (adjourned ) Tj ET Q q 0 0 0 rg BT 278.36 274.75 Td (to ) Tj ET Q q 0 0 0 rg BT 289.97 274.75 Td (a ) Tj ET Q q 0 0 0 rg BT 298.81 274.75 Td (date ) Tj ET Q q 0 0 0 rg BT 321.54 274.75 Td (being ) Tj ET Q q 0 0 0 rg BT 349.28 274.75 Td (not ) Tj ET Q q 0 0 0 rg BT 366.45 274.75 Td (less ) Tj ET Q q 0 0 0 rg BT 387.51 274.75 Td (than ) Tj ET Q q 0 0 0 rg BT 410.24 274.75 Td (seven ) Tj ET Q q 0 0 0 rg BT 440.20 274.75 Td (days ) Tj ET Q q 0 0 0 rg BT 464.59 274.75 Td (later ) Tj ET Q q 0 0 0 rg BT 487.31 274.75 Td (and ) Tj ET Q q 0 0 0 rg BT 507.27 274.75 Td (at ) Tj ET Q q 0 0 0 rg BT 518.88 274.75 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 262.75 Td (time ) Tj ET Q q 0 0 0 rg BT 94.43 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 114.65 262.75 Td (place ) Tj ET Q q 0 0 0 rg BT 142.09 262.75 Td (as ) Tj ET Q q 0 0 0 rg BT 156.19 262.75 Td (may ) Tj ET Q q 0 0 0 rg BT 178.62 262.75 Td (be ) Tj ET Q q 0 0 0 rg BT 193.28 262.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 240.75 262.75 Td (by ) Tj ET Q q 0 0 0 rg BT 254.84 262.75 Td (the ) Tj ET Q q 0 0 0 rg BT 272.28 262.75 Td (chairman ) Tj ET Q q 0 0 0 rg BT 316.95 262.75 Td (and ) Tj ET Q q 0 0 0 rg BT 337.17 262.75 Td (at ) Tj ET Q q 0 0 0 rg BT 349.04 262.75 Td (such ) Tj ET Q q 0 0 0 rg BT 373.70 262.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 412.82 262.75 Td (a ) Tj ET Q q 0 0 0 rg BT 421.91 262.75 Td (quorum ) Tj ET Q q 0 0 0 rg BT 459.36 262.75 Td (will ) Tj ET Q q 0 0 0 rg BT 476.78 262.75 Td (consist ) Tj ET Q q 0 0 0 rg BT 511.44 262.75 Td (of ) Tj ET Q q 0 0 0 rg BT 523.32 262.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 250.75 Td (number ) Tj ET Q q 0 0 0 rg BT 109.40 250.75 Td (of ) Tj ET Q q 0 0 0 rg BT 121.24 250.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 182.55 250.75 Td (present ) Tj ET Q q 0 0 0 rg BT 219.40 250.75 Td (in ) Tj ET Q q 0 0 0 rg BT 230.68 250.75 Td (person ) Tj ET Q q 0 0 0 rg BT 264.76 250.75 Td (or ) Tj ET Q q 0 0 0 rg BT 277.15 250.75 Td (represented ) Tj ET Q q 0 0 0 rg BT 334.01 250.75 Td (by ) Tj ET Q q 0 0 0 rg BT 348.07 250.75 Td (proxy) Tj ET Q q 0 0 0 rg BT 371.78 250.75 Td (. ) Tj ET Q q 0 0 0 rg BT 378.06 250.75 Td ( ) Tj ET Q q 0 0 0 rg BT 381.33 250.75 Td (The ) Tj ET Q q 0 0 0 rg BT 402.06 250.75 Td (formalities ) Tj ET Q q 0 0 0 rg BT 451.12 250.75 Td (to ) Tj ET Q q 0 0 0 rg BT 462.96 250.75 Td (be ) Tj ET Q q 0 0 0 rg BT 477.58 250.75 Td (observed ) Tj ET Q q 0 0 0 rg BT 522.22 250.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 107.75 238.75 Td (to ) Tj ET Q q 0 0 0 rg BT 119.05 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 135.91 238.75 Td (giving ) Tj ET Q q 0 0 0 rg BT 165.00 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.30 238.75 Td (notice ) Tj ET Q q 0 0 0 rg BT 205.95 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 217.25 238.75 Td (any ) Tj ET Q q 0 0 0 rg BT 236.33 238.75 Td (such ) Tj ET Q q 0 0 0 rg BT 260.41 238.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 298.95 238.75 Td (or ) Tj ET Q q 0 0 0 rg BT 310.80 238.75 Td (adjourned ) Tj ET Q q 0 0 0 rg BT 358.24 238.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 396.78 238.75 Td (and ) Tj ET Q q 0 0 0 rg BT 416.42 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 433.28 238.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 471.27 238.75 Td (thereof ) Tj ET Q q 0 0 0 rg BT 505.36 238.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 528.89 238.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 226.75 Td (those ) Tj ET Q q 0 0 0 rg BT 100.51 226.75 Td (which ) Tj ET Q q 0 0 0 rg BT 130.12 226.75 Td (may ) Tj ET Q q 0 0 0 rg BT 153.06 226.75 Td (from ) Tj ET Q q 0 0 0 rg BT 177.10 226.75 Td (time ) Tj ET Q q 0 0 0 rg BT 200.04 226.75 Td (to ) Tj ET Q q 0 0 0 rg BT 212.42 226.75 Td (time ) Tj ET Q q 0 0 0 rg BT 235.36 226.75 Td (be ) Tj ET Q q 0 0 0 rg BT 250.53 226.75 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 301.27 226.75 Td (in ) Tj ET Q q 0 0 0 rg BT 313.09 226.75 Td (the ) Tj ET Q q 0 0 0 rg BT 331.04 226.75 Td (by-laws ) Tj ET Q q 0 0 0 rg BT 368.98 226.75 Td (of ) Tj ET Q q 0 0 0 rg BT 381.37 226.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 415.98 226.75 Td (with ) Tj ET Q q 0 0 0 rg BT 437.81 226.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 474.65 226.75 Td (to ) Tj ET Q q 0 0 0 rg BT 487.04 226.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 531.66 226.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (Shareholders. ) Tj ET Q q 0 0 0 rg BT 136.68 214.75 Td ( ) Tj ET Q q 0 0 0 rg BT 139.09 214.75 Td (On ) Tj ET Q q 0 0 0 rg BT 154.85 214.75 Td (every ) Tj ET Q q 0 0 0 rg BT 181.72 214.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 203.04 214.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 229.91 214.75 Td (at ) Tj ET Q q 0 0 0 rg BT 240.67 214.75 Td (every ) Tj ET Q q 0 0 0 rg BT 267.54 214.75 Td (such ) Tj ET Q q 0 0 0 rg BT 291.08 214.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 329.07 214.75 Td (or ) Tj ET Q q 0 0 0 rg BT 340.38 214.75 Td (adjourned ) Tj ET Q q 0 0 0 rg BT 387.28 214.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 425.27 214.75 Td (each ) Tj ET Q q 0 0 0 rg BT 449.37 214.75 Td (holder ) Tj ET Q q 0 0 0 rg BT 479.58 214.75 Td (of ) Tj ET Q q 0 0 0 rg BT 490.34 214.75 Td (a ) Tj ET Q q 0 0 0 rg BT 498.32 214.75 Td (Preferred ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 202.75 Td (Share ) Tj ET Q q 0 0 0 rg BT 101.46 202.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 124.81 202.75 Td (be ) Tj ET Q q 0 0 0 rg BT 138.71 202.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 173.73 202.75 Td (to ) Tj ET Q q 0 0 0 rg BT 184.85 202.75 Td (one ) Tj ET Q q 0 0 0 rg BT 204.31 202.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 225.99 202.75 Td (in ) Tj ET Q q 0 0 0 rg BT 236.56 202.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 272.13 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 283.25 202.75 Td (each ) Tj ET Q q 0 0 0 rg BT 307.71 202.75 Td (one ) Tj ET Q q 0 0 0 rg BT 327.17 202.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 354.41 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.53 202.75 Td (stated ) Tj ET Q q 0 0 0 rg BT 395.54 202.75 Td (value ) Tj ET Q q 0 0 0 rg BT 422.23 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 433.35 202.75 Td (preferred ) Tj ET Q q 0 0 0 rg BT 476.70 202.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 509.50 202.75 Td (held.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 105.90 181.75 Td (Notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (On ) Tj ET Q q 0 0 0 rg BT 89.20 160.75 Td (February17, ) Tj ET Q q 0 0 0 rg BT 149.75 160.75 Td (201) Tj ET Q q 0 0 0 rg BT 165.70 160.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 177.89 160.75 Td (we ) Tj ET Q q 0 0 0 rg BT 194.54 160.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 227.30 160.75 Td (US$150 ) Tj ET Q q 0 0 0 rg BT 267.30 160.75 Td (million ) Tj ET Q q 0 0 0 rg BT 299.50 160.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 340.60 160.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 377.81 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 390.01 160.75 Td (6.75% ) Tj ET Q q 0 0 0 rg BT 422.23 160.75 Td (seriesB ) Tj ET Q q 0 0 0 rg BT 462.21 160.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 493.30 160.75 Td (unsecured ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (debentures ) Tj ET Q q 0 0 0 rg BT 124.65 148.75 Td (due ) Tj ET Q q 0 0 0 rg BT 143.96 148.75 Td (February21, ) Tj ET Q q 0 0 0 rg BT 203.27 148.75 Td (2021. ) Tj ET Q q 0 0 0 rg BT 230.91 148.75 Td ( ) Tj ET Q q 0 0 0 rg BT 233.35 148.75 Td (The ) Tj ET Q q 0 0 0 rg BT 253.20 148.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 278.06 148.75 Td (Debentures ) Tj ET Q q 0 0 0 rg BT 332.37 148.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 351.11 148.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.52 148.75 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 450.83 148.75 Td (and ) Tj ET Q q 0 0 0 rg BT 470.13 148.75 Td (are ) Tj ET Q q 0 0 0 rg BT 487.20 148.75 Td (redeemable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (at ) Tj ET Q q 0 0 0 rg BT 83.45 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.46 136.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 153.28 136.75 Td (option, ) Tj ET Q q 0 0 0 rg BT 186.41 136.75 Td (in ) Tj ET Q q 0 0 0 rg BT 197.30 136.75 Td (whole ) Tj ET Q q 0 0 0 rg BT 226.54 136.75 Td (or ) Tj ET Q q 0 0 0 rg BT 238.54 136.75 Td (in ) Tj ET Q q 0 0 0 rg BT 249.43 136.75 Td (part, ) Tj ET Q q 0 0 0 rg BT 272.55 136.75 Td (commencing ) Tj ET Q q 0 0 0 rg BT 332.35 136.75 Td (on ) Tj ET Q q 0 0 0 rg BT 346.58 136.75 Td (February17, ) Tj ET Q q 0 0 0 rg BT 406.39 136.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 431.74 136.75 Td (at ) Tj ET Q q 0 0 0 rg BT 443.19 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 460.20 136.75 Td (redemption ) Tj ET Q q 0 0 0 rg BT 513.34 136.75 Td (prices ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 114.25 124.75 Td (in ) Tj ET Q q 0 0 0 rg BT 124.81 124.75 Td (Debt ) Tj ET Q q 0 0 0 rg BT 148.71 124.75 Td (Indenture#1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 103.75 Td (On ) Tj ET Q q 0 0 0 rg BT 87.48 103.75 Td (July ) Tj ET Q q 0 0 0 rg BT 107.41 103.75 Td (19, ) Tj ET Q q 0 0 0 rg BT 123.46 103.75 Td (2012, ) Tj ET Q q 0 0 0 rg BT 150.63 103.75 Td (we ) Tj ET Q q 0 0 0 rg BT 165.56 103.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 196.61 103.75 Td ($300 ) Tj ET Q q 0 0 0 rg BT 221.00 103.75 Td (million ) Tj ET Q q 0 0 0 rg BT 251.48 103.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 290.87 103.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 326.37 103.75 Td (of ) Tj ET Q q 0 0 0 rg BT 336.85 103.75 Td (6.625% ) Tj ET Q q 0 0 0 rg BT 372.92 103.75 Td (seriesC ) Tj ET Q q 0 0 0 rg BT 411.74 103.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 441.12 103.75 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 489.96 103.75 Td (debentures ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 91.75 Td (due ) Tj ET Q q 0 0 0 rg BT 90.97 91.75 Td (July19, ) Tj ET Q q 0 0 0 rg BT 127.72 91.75 Td (2022. ) Tj ET Q q 0 0 0 rg BT 155.03 91.75 Td ( ) Tj ET Q q 0 0 0 rg BT 157.17 91.75 Td (The ) Tj ET Q q 0 0 0 rg BT 176.68 91.75 Td (2022 ) Tj ET Q q 0 0 0 rg BT 201.21 91.75 Td (Debentures ) Tj ET Q q 0 0 0 rg BT 255.20 91.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 273.61 91.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 308.69 91.75 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 372.67 91.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.64 91.75 Td (are ) Tj ET Q q 0 0 0 rg BT 408.38 91.75 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 463.47 91.75 Td (at ) Tj ET Q q 0 0 0 rg BT 474.10 91.75 Td (the ) Tj ET Q q 0 0 0 rg BT 490.29 91.75 Td (Company's ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I65 Do Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (48) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (option, ) Tj ET Q q 0 0 0 rg BT 106.75 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 119.25 712.75 Td (whole ) Tj ET Q q 0 0 0 rg BT 150.10 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 163.71 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 176.22 712.75 Td (part, ) Tj ET Q q 0 0 0 rg BT 200.95 712.75 Td (commencing ) Tj ET Q q 0 0 0 rg BT 262.36 712.75 Td (on ) Tj ET Q q 0 0 0 rg BT 278.20 712.75 Td (July19, ) Tj ET Q q 0 0 0 rg BT 317.39 712.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 344.35 712.75 Td (at ) Tj ET Q q 0 0 0 rg BT 357.41 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 376.04 712.75 Td (redemption ) Tj ET Q q 0 0 0 rg BT 430.79 712.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 462.18 712.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 506.37 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 518.88 712.75 Td (Debt ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (Indenture#1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (On ) Tj ET Q q 0 0 0 rg BT 89.06 679.75 Td (June6, ) Tj ET Q q 0 0 0 rg BT 125.57 679.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 154.31 679.75 Td (we ) Tj ET Q q 0 0 0 rg BT 170.81 679.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 203.44 679.75 Td (US$800million ) Tj ET Q q 0 0 0 rg BT 274.41 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 286.46 679.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 317.42 679.75 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 367.83 679.75 Td (notes, ) Tj ET Q q 0 0 0 rg BT 398.79 679.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 448.63 679.75 Td (of ) Tj ET Q q 0 0 0 rg BT 460.69 679.75 Td (US$400million ) Tj ET Q q 0 0 0 rg BT 531.66 679.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (5.125%notes ) Tj ET Q q 0 0 0 rg BT 136.41 667.75 Td (due ) Tj ET Q q 0 0 0 rg BT 156.34 667.75 Td (June1, ) Tj ET Q q 0 0 0 rg BT 192.39 667.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 217.89 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.82 667.75 Td (US$400million ) Tj ET Q q 0 0 0 rg BT 308.33 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 319.91 667.75 Td (5.625%notes ) Tj ET Q q 0 0 0 rg BT 384.32 667.75 Td (due ) Tj ET Q q 0 0 0 rg BT 404.25 667.75 Td (June1, ) Tj ET Q q 0 0 0 rg BT 440.31 667.75 Td (2024. ) Tj ET Q q 0 0 0 rg BT 468.37 667.75 Td (The ) Tj ET Q q 0 0 0 rg BT 488.85 667.75 Td (2021Notes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.13 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 107.48 655.75 Td (2024Notes ) Tj ET Q q 0 0 0 rg BT 161.08 655.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 179.65 655.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 214.89 655.75 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 279.03 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 298.16 655.75 Td (are ) Tj ET Q q 0 0 0 rg BT 315.06 655.75 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 370.32 655.75 Td (at ) Tj ET Q q 0 0 0 rg BT 381.11 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 397.46 655.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 449.61 655.75 Td (option, ) Tj ET Q q 0 0 0 rg BT 482.08 655.75 Td (in ) Tj ET Q q 0 0 0 rg BT 492.31 655.75 Td (whole ) Tj ET Q q 0 0 0 rg BT 520.89 655.75 Td (or ) Tj ET Q q 0 0 0 rg BT 532.23 655.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (part, ) Tj ET Q q 0 0 0 rg BT 95.46 643.75 Td (commencing ) Tj ET Q q 0 0 0 rg BT 155.61 643.75 Td (on ) Tj ET Q q 0 0 0 rg BT 170.18 643.75 Td (June1, ) Tj ET Q q 0 0 0 rg BT 206.44 643.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 232.14 643.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 246.71 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 264.06 643.75 Td (case ) Tj ET Q q 0 0 0 rg BT 288.64 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 300.44 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.79 643.75 Td (2021Notes\) ) Tj ET Q q 0 0 0 rg BT 375.72 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 395.86 643.75 Td (June1, ) Tj ET Q q 0 0 0 rg BT 432.12 643.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 457.82 643.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 472.39 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 489.74 643.75 Td (case ) Tj ET Q q 0 0 0 rg BT 514.32 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 643.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (2024Notes\) ) Tj ET Q q 0 0 0 rg BT 129.26 631.75 Td (at ) Tj ET Q q 0 0 0 rg BT 140.37 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 157.05 631.75 Td (redemption ) Tj ET Q q 0 0 0 rg BT 209.86 631.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 239.31 631.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 281.56 631.75 Td (in ) Tj ET Q q 0 0 0 rg BT 292.12 631.75 Td (Debt ) Tj ET Q q 0 0 0 rg BT 316.02 631.75 Td (Indenture#2.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (For ) Tj ET Q q 0 0 0 rg BT 89.46 610.75 Td (a ) Tj ET Q q 0 0 0 rg BT 97.49 610.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 140.52 610.75 Td (description ) Tj ET Q q 0 0 0 rg BT 191.35 610.75 Td (of ) Tj ET Q q 0 0 0 rg BT 202.15 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.51 610.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 249.88 610.75 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 281.25 610.75 Td (reference ) Tj ET Q q 0 0 0 rg BT 325.95 610.75 Td (should ) Tj ET Q q 0 0 0 rg BT 357.88 610.75 Td (be ) Tj ET Q q 0 0 0 rg BT 371.47 610.75 Td (made ) Tj ET Q q 0 0 0 rg BT 398.95 610.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.75 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 426.11 610.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 473.61 610.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 495.53 610.75 Td (indenture, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (copies ) Tj ET Q q 0 0 0 rg BT 103.68 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 114.80 598.75 Td (which ) Tj ET Q q 0 0 0 rg BT 143.15 598.75 Td (are ) Tj ET Q q 0 0 0 rg BT 160.38 598.75 Td (accessible ) Tj ET Q q 0 0 0 rg BT 209.85 598.75 Td (on ) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 223.748046875 597.32421875 m 293.953125 597.32421875 l s q 0 0 0 rg BT 223.75 598.75 Td (www) Tj ET Q q 0 0 0 rg BT 244.86 598.75 Td (.sedar) Tj ET Q q 0 0 0 rg BT 272.28 598.75 Td (.com) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.95 598.75 Td (. ) Tj ET Q q 0 0 0 rg BT 299.51 598.75 Td ( ) Tj ET Q q 0 0 0 rg BT 302.29 598.75 Td (See ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 322.86 598.75 Td ("Material ) Tj ET Q q 0 0 0 rg BT 364.75 598.75 Td (Contracts") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.10 598.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 577.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 103.67 577.75 Td (Facilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 556.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.23 556.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 120.46 556.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 161.92 556.75 Td (consist ) Tj ET Q q 0 0 0 rg BT 195.60 556.75 Td (of ) Tj ET Q q 0 0 0 rg BT 206.50 556.75 Td (the ) Tj ET Q q 0 0 0 rg BT 222.96 556.75 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 269.43 556.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 310.88 556.75 Td (and ) Tj ET Q q 0 0 0 rg BT 330.13 556.75 Td (the ) Tj ET Q q 0 0 0 rg BT 346.42 556.75 Td (T) Tj ET Q q 0 0 0 rg BT 351.42 556.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 371.20 556.75 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 398.78 556.75 Td ( ) Tj ET Q q 0 0 0 rg BT 401.17 556.75 Td (The ) Tj ET Q q 0 0 0 rg BT 420.96 556.75 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 467.43 556.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 508.89 556.75 Td (consist ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 544.75 Td (of: ) Tj ET Q q 0 0 0 rg BT 87.90 544.75 Td (\(i\)a ) Tj ET Q q 0 0 0 rg BT 109.89 544.75 Td (US$35 ) Tj ET Q q 0 0 0 rg BT 145.25 544.75 Td (million ) Tj ET Q q 0 0 0 rg BT 178.37 544.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 224.84 544.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 248.53 544.75 Td (and ) Tj ET Q q 0 0 0 rg BT 269.99 544.75 Td (a ) Tj ET Q q 0 0 0 rg BT 280.33 544.75 Td (US$340million ) Tj ET Q q 0 0 0 rg BT 352.36 544.75 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 404.94 544.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 428.63 544.75 Td (for ) Tj ET Q q 0 0 0 rg BT 445.08 544.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 480.42 544.75 Td (and ) Tj ET Q q 0 0 0 rg BT 501.89 544.75 Td (\(ii\)a ) Tj ET Q q 0 0 0 rg BT 526.11 544.75 Td (US) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 532.75 Td ($200million ) Tj ET Q q 0 0 0 rg BT 127.85 532.75 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 178.15 532.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 199.55 532.75 Td (for ) Tj ET Q q 0 0 0 rg BT 213.71 532.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 246.77 532.75 Td (USA. ) Tj ET Q q 0 0 0 rg BT 272.60 532.75 Td ( ) Tj ET Q q 0 0 0 rg BT 274.93 532.75 Td (The ) Tj ET Q q 0 0 0 rg BT 294.65 532.75 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 341.06 532.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 382.44 532.75 Td (are ) Tj ET Q q 0 0 0 rg BT 399.39 532.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 437.45 532.75 Td (and ) Tj ET Q q 0 0 0 rg BT 456.63 532.75 Td (have ) Tj ET Q q 0 0 0 rg BT 480.80 532.75 Td (an ) Tj ET Q q 0 0 0 rg BT 494.42 532.75 Td (extendible ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 520.75 Td (four-year ) Tj ET Q q 0 0 0 rg BT 114.54 520.75 Td (term ) Tj ET Q q 0 0 0 rg BT 137.08 520.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 159.06 520.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 190.50 520.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 234.18 520.75 Td (by ) Tj ET Q q 0 0 0 rg BT 247.27 520.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.70 520.75 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 301.81 520.75 Td (will ) Tj ET Q q 0 0 0 rg BT 318.22 520.75 Td (mature ) Tj ET Q q 0 0 0 rg BT 351.88 520.75 Td (on ) Tj ET Q q 0 0 0 rg BT 365.53 520.75 Td (June4, ) Tj ET Q q 0 0 0 rg BT 400.86 520.75 Td (2020. ) Tj ET Q q 0 0 0 rg BT 428.42 520.75 Td ( ) Tj ET Q q 0 0 0 rg BT 430.78 520.75 Td (The ) Tj ET Q q 0 0 0 rg BT 450.38 520.75 Td (T) Tj ET Q q 0 0 0 rg BT 455.38 520.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 475.13 520.75 Td (Loan ) Tj ET Q q 0 0 0 rg BT 499.91 520.75 Td (is ) Tj ET Q q 0 0 0 rg BT 509.66 520.75 Td (a ) Tj ET Q q 0 0 0 rg BT 517.75 520.75 Td ($300 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 508.75 Td (million ) Tj ET Q q 0 0 0 rg BT 102.81 508.75 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 153.09 508.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 174.46 508.75 Td (for ) Tj ET Q q 0 0 0 rg BT 188.60 508.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 221.65 508.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 255.80 508.75 Td (Limited ) Tj ET Q q 0 0 0 rg BT 290.51 508.75 Td (Partnership. ) Tj ET Q q 0 0 0 rg BT 346.89 508.75 Td ( ) Tj ET Q q 0 0 0 rg BT 349.20 508.75 Td (The ) Tj ET Q q 0 0 0 rg BT 368.74 508.75 Td (T) Tj ET Q q 0 0 0 rg BT 373.74 508.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 393.44 508.75 Td (Loan ) Tj ET Q q 0 0 0 rg BT 418.15 508.75 Td (does ) Tj ET Q q 0 0 0 rg BT 442.31 508.75 Td (not ) Tj ET Q q 0 0 0 rg BT 458.68 508.75 Td (revolve, ) Tj ET Q q 0 0 0 rg BT 496.16 508.75 Td (is ) Tj ET Q q 0 0 0 rg BT 505.86 508.75 Td (with ) Tj ET Q q 0 0 0 rg BT 526.11 508.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 496.75 Td (same ) Tj ET Q q 0 0 0 rg BT 99.23 496.75 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 144.26 496.75 Td (of ) Tj ET Q q 0 0 0 rg BT 155.37 496.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 190.95 496.75 Td (as ) Tj ET Q q 0 0 0 rg BT 204.29 496.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.97 496.75 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 267.66 496.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 309.33 496.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.80 496.75 Td (also ) Tj ET Q q 0 0 0 rg BT 349.92 496.75 Td (matures ) Tj ET Q q 0 0 0 rg BT 388.82 496.75 Td (on ) Tj ET Q q 0 0 0 rg BT 402.72 496.75 Td (June ) Tj ET Q q 0 0 0 rg BT 427.19 496.75 Td (4, ) Tj ET Q q 0 0 0 rg BT 438.30 496.75 Td (2020.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 475.75 Td (For ) Tj ET Q q 0 0 0 rg BT 89.41 475.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 134.63 475.75 Td (details ) Tj ET Q q 0 0 0 rg BT 165.94 475.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 210.60 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.90 475.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 274.90 475.75 Td (in ) Tj ET Q q 0 0 0 rg BT 285.09 475.75 Td (our ) Tj ET Q q 0 0 0 rg BT 301.95 475.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 331.03 475.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 372.33 475.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.42 475.75 Td (our ) Tj ET Q q 0 0 0 rg BT 408.28 475.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 461.27 475.75 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 507.03 475.75 Td (see ) Tj ET Q q 0 0 0 rg BT 525.56 475.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 463.75 Td (MD&A) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 100.89 463.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.67 463.75 Td (for ) Tj ET Q q 0 0 0 rg BT 118.12 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 134.80 463.75 Td (year ) Tj ET Q q 0 0 0 rg BT 157.03 463.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 187.62 463.75 Td (December ) Tj ET Q q 0 0 0 rg BT 236.52 463.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 253.20 463.75 Td (2018) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 275.45 463.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.23 463.75 Td ( ) Tj ET Q q 0 0 0 rg BT 280.45 463.75 Td (Also ) Tj ET Q q 0 0 0 rg BT 302.68 463.75 Td (see ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 321.58 463.75 Td ("Material ) Tj ET Q q 0 0 0 rg BT 363.48 463.75 Td (Contracts") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.82 463.75 Td (.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I66 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 283.85 430.75 Td (RA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 297.55 430.75 Td (TINGS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 406.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.52 406.75 Td (following ) Tj ET Q q 0 0 0 rg BT 132.72 406.75 Td (information ) Tj ET Q q 0 0 0 rg BT 184.47 406.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 219.56 406.75 Td (to ) Tj ET Q q 0 0 0 rg BT 230.18 406.75 Td (our ) Tj ET Q q 0 0 0 rg BT 246.92 406.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 273.66 406.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 305.97 406.75 Td (is ) Tj ET Q q 0 0 0 rg BT 315.47 406.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 356.12 406.75 Td (as ) Tj ET Q q 0 0 0 rg BT 368.97 406.75 Td (it ) Tj ET Q q 0 0 0 rg BT 376.26 406.75 Td (relates ) Tj ET Q q 0 0 0 rg BT 408.56 406.75 Td (to ) Tj ET Q q 0 0 0 rg BT 419.19 406.75 Td (our ) Tj ET Q q 0 0 0 rg BT 435.93 406.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 478.24 406.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 506.65 406.75 Td (liquidity ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.97 394.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 142.73 394.75 Td ( ) Tj ET Q q 0 0 0 rg BT 145.01 394.75 Td (Specifically) Tj ET Q q 0 0 0 rg BT 194.29 394.75 Td (, ) Tj ET Q q 0 0 0 rg BT 199.35 394.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 226.09 394.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 258.38 394.75 Td (af) Tj ET Q q 0 0 0 rg BT 266.54 394.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 284.95 394.75 Td (our ) Tj ET Q q 0 0 0 rg BT 301.68 394.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 329.53 394.75 Td (to ) Tj ET Q q 0 0 0 rg BT 340.15 394.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 369.68 394.75 Td (short-term ) Tj ET Q q 0 0 0 rg BT 417.53 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 436.50 394.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 481.02 394.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 523.33 394.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 382.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.43 382.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 111.30 382.75 Td (of ) Tj ET Q q 0 0 0 rg BT 123.17 382.75 Td (such ) Tj ET Q q 0 0 0 rg BT 147.82 382.75 Td (financing. ) Tj ET Q q 0 0 0 rg BT 194.15 382.75 Td () Tj ET Q q 0 0 0 rg BT 196.38 382.75 Td (A) Tj ET Q q 0 0 0 rg BT 202.50 382.75 Td ( ) Tj ET Q q 0 0 0 rg BT 206.03 382.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 250.69 382.75 Td (in ) Tj ET Q q 0 0 0 rg BT 262.00 382.75 Td (our ) Tj ET Q q 0 0 0 rg BT 279.99 382.75 Td (current ) Tj ET Q q 0 0 0 rg BT 314.64 382.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 342.62 382.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 376.16 382.75 Td (by ) Tj ET Q q 0 0 0 rg BT 390.25 382.75 Td (the ) Tj ET Q q 0 0 0 rg BT 407.68 382.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 436.22 382.75 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 482.56 382.75 Td (particularly ) Tj ET Q q 0 0 0 rg BT 534.44 382.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 370.75 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 123.99 370.75 Td (below ) Tj ET Q q 0 0 0 rg BT 152.63 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 169.04 370.75 Td (current ) Tj ET Q q 0 0 0 rg BT 202.67 370.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 235.19 370.75 Td (or ) Tj ET Q q 0 0 0 rg BT 246.59 370.75 Td (a ) Tj ET Q q 0 0 0 rg BT 254.66 370.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 294.98 370.75 Td (change ) Tj ET Q q 0 0 0 rg BT 330.29 370.75 Td (in ) Tj ET Q q 0 0 0 rg BT 340.58 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.99 370.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 389.52 370.75 Td (outlook, ) Tj ET Q q 0 0 0 rg BT 427.05 370.75 Td (could ) Tj ET Q q 0 0 0 rg BT 453.46 370.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 498.77 370.75 Td (af) Tj ET Q q 0 0 0 rg BT 506.93 370.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 525.56 370.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 358.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 93.64 358.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.28 358.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 148.61 358.75 Td (and ) Tj ET Q q 0 0 0 rg BT 168.60 358.75 Td (our ) Tj ET Q q 0 0 0 rg BT 186.35 358.75 Td (access ) Tj ET Q q 0 0 0 rg BT 220.77 358.75 Td (to ) Tj ET Q q 0 0 0 rg BT 232.42 358.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 270.73 358.75 Td (of ) Tj ET Q q 0 0 0 rg BT 282.37 358.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 319.02 358.75 Td (and ) Tj ET Q q 0 0 0 rg BT 339.01 358.75 Td (capital. ) Tj ET Q q 0 0 0 rg BT 373.99 358.75 Td ( ) Tj ET Q q 0 0 0 rg BT 377.29 358.75 Td (In ) Tj ET Q q 0 0 0 rg BT 388.93 358.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 430.04 358.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 471.15 358.75 Td (in ) Tj ET Q q 0 0 0 rg BT 482.23 358.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 509.99 358.75 Td (ratings ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 346.75 Td (may ) Tj ET Q q 0 0 0 rg BT 95.61 346.75 Td (af) Tj ET Q q 0 0 0 rg BT 103.77 346.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 124.60 346.75 Td (our ) Tj ET Q q 0 0 0 rg BT 143.77 346.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 174.05 346.75 Td (and ) Tj ET Q q 0 0 0 rg BT 195.45 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.07 346.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 266.59 346.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 294.65 346.75 Td (to ) Tj ET Q q 0 0 0 rg BT 307.70 346.75 Td (\(i\)enter ) Tj ET Q q 0 0 0 rg BT 346.87 346.75 Td (into ) Tj ET Q q 0 0 0 rg BT 367.71 346.75 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 408.56 346.75 Td (course ) Tj ET Q q 0 0 0 rg BT 443.29 346.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 490.80 346.75 Td (or ) Tj ET Q q 0 0 0 rg BT 504.41 346.75 Td (hedging ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 334.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 128.14 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 147.04 334.75 Td (may ) Tj ET Q q 0 0 0 rg BT 168.15 334.75 Td (require ) Tj ET Q q 0 0 0 rg BT 201.50 334.75 Td (us ) Tj ET Q q 0 0 0 rg BT 214.29 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 224.85 334.75 Td (post ) Tj ET Q q 0 0 0 rg BT 245.97 334.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 291.00 334.75 Td (collateral ) Tj ET Q q 0 0 0 rg BT 333.24 334.75 Td (under ) Tj ET Q q 0 0 0 rg BT 361.04 334.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 393.27 334.75 Td (of ) Tj ET Q q 0 0 0 rg BT 403.83 334.75 Td (our ) Tj ET Q q 0 0 0 rg BT 420.51 334.75 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 466.08 334.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.98 334.75 Td (\(ii\)enter ) Tj ET Q q 0 0 0 rg BT 523.88 334.75 Td (into ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 322.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 132.04 322.75 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 170.95 322.75 Td (course ) Tj ET Q q 0 0 0 rg BT 203.74 322.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 247.09 322.75 Td (with ) Tj ET Q q 0 0 0 rg BT 267.65 322.75 Td (customers ) Tj ET Q q 0 0 0 rg BT 316.55 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.01 322.75 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 378.81 322.75 Td (on ) Tj ET Q q 0 0 0 rg BT 392.71 322.75 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 443.86 322.75 Td (terms.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 301.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 105.35 301.75 Td (has ) Tj ET Q q 0 0 0 rg BT 124.25 301.75 Td (been ) Tj ET Q q 0 0 0 rg BT 149.27 301.75 Td (assigned ) Tj ET Q q 0 0 0 rg BT 192.07 301.75 Td (a ) Tj ET Q q 0 0 0 rg BT 200.41 301.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 245.43 301.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 272.66 301.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 300.45 301.75 Td (of ) Tj ET Q q 0 0 0 rg BT 311.56 301.75 Td (BB ) Tj ET Q q 0 0 0 rg BT 327.68 301.75 Td (with ) Tj ET Q q 0 0 0 rg BT 348.24 301.75 Td (a ) Tj ET Q q 0 0 0 rg BT 356.57 301.75 Td (stable ) Tj ET Q q 0 0 0 rg BT 386.03 301.75 Td (outlook ) Tj ET Q q 0 0 0 rg BT 421.06 301.75 Td (and ) Tj ET Q q 0 0 0 rg BT 440.52 301.75 Td (our ) Tj ET Q q 0 0 0 rg BT 457.74 301.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 489.43 301.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 518.32 301.75 Td (have ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 289.75 Td (been ) Tj ET Q q 0 0 0 rg BT 98.09 289.75 Td (assigned ) Tj ET Q q 0 0 0 rg BT 141.96 289.75 Td (a ) Tj ET Q q 0 0 0 rg BT 151.36 289.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 179.65 289.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 208.51 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 220.69 289.75 Td (BB ) Tj ET Q q 0 0 0 rg BT 237.87 289.75 Td (by ) Tj ET Q q 0 0 0 rg BT 252.27 289.75 Td (Standard ) Tj ET Q q 0 0 0 rg BT 296.69 289.75 Td (and ) Tj ET Q q 0 0 0 rg BT 317.22 289.75 Td (Poor's ) Tj ET Q q 0 0 0 rg BT 349.09 289.75 Td (Rating ) Tj ET Q q 0 0 0 rg BT 381.84 289.75 Td (Services, ) Tj ET Q q 0 0 0 rg BT 426.80 289.75 Td (a ) Tj ET Q q 0 0 0 rg BT 436.20 289.75 Td (division ) Tj ET Q q 0 0 0 rg BT 473.39 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 485.57 289.75 Td (McGraw-Hill ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 277.75 Td (Companies ) Tj ET Q q 0 0 0 rg BT 125.95 277.75 Td (\(Canada\) ) Tj ET Q q 0 0 0 rg BT 171.00 277.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 226.62 277.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.50 277.75 Td (S&P) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.06 277.75 Td ("\). ) Tj ET Q q 0 0 0 rg BT 267.08 277.75 Td (S&P's ) Tj ET Q q 0 0 0 rg BT 297.37 277.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 325.19 277.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 358.57 277.75 Td (are ) Tj ET Q q 0 0 0 rg BT 376.39 277.75 Td (on ) Tj ET Q q 0 0 0 rg BT 390.88 277.75 Td (a ) Tj ET Q q 0 0 0 rg BT 399.80 277.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 445.40 277.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 468.23 277.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 496.61 277.75 Td (scale ) Tj ET Q q 0 0 0 rg BT 523.32 277.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 265.75 Td (ranges ) Tj ET Q q 0 0 0 rg BT 105.69 265.75 Td (from ) Tj ET Q q 0 0 0 rg BT 128.18 265.75 Td (AAA) Tj ET Q q 0 0 0 rg BT 147.64 265.75 Td ( ) Tj ET Q q 0 0 0 rg BT 150.74 265.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.19 265.75 Td (D, ) Tj ET Q q 0 0 0 rg BT 175.30 265.75 Td (which ) Tj ET Q q 0 0 0 rg BT 203.98 265.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 254.33 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 271.35 265.75 Td (range ) Tj ET Q q 0 0 0 rg BT 300.03 265.75 Td (from ) Tj ET Q q 0 0 0 rg BT 323.14 265.75 Td (highest ) Tj ET Q q 0 0 0 rg BT 358.50 265.75 Td (to ) Tj ET Q q 0 0 0 rg BT 369.94 265.75 Td (lowest ) Tj ET Q q 0 0 0 rg BT 401.40 265.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 433.41 265.75 Td (of ) Tj ET Q q 0 0 0 rg BT 444.86 265.75 Td (such ) Tj ET Q q 0 0 0 rg BT 469.10 265.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 514.44 265.75 Td (rated. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (According ) Tj ET Q q 0 0 0 rg BT 119.97 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 131.81 253.75 Td (the ) Tj ET Q q 0 0 0 rg BT 149.22 253.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 169.05 253.75 Td ( ) Tj ET Q q 0 0 0 rg BT 172.55 253.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 201.07 253.75 Td (system, ) Tj ET Q q 0 0 0 rg BT 239.02 253.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 261.98 253.75 Td (rated ) Tj ET Q q 0 0 0 rg BT 288.28 253.75 Td (''BB'' ) Tj ET Q q 0 0 0 rg BT 312.76 253.75 Td (is ) Tj ET Q q 0 0 0 rg BT 323.48 253.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 375.91 253.75 Td (less ) Tj ET Q q 0 0 0 rg BT 397.19 253.75 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 446.84 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 458.68 253.75 Td (non-payment ) Tj ET Q q 0 0 0 rg BT 520.55 253.75 Td (than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (other ) Tj ET Q q 0 0 0 rg BT 97.06 241.75 Td (speculative ) Tj ET Q q 0 0 0 rg BT 149.35 241.75 Td (issues, ) Tj ET Q q 0 0 0 rg BT 182.73 241.75 Td (however ) Tj ET Q q 0 0 0 rg BT 222.79 241.75 Td (it ) Tj ET Q q 0 0 0 rg BT 230.06 241.75 Td (faces ) Tj ET Q q 0 0 0 rg BT 256.22 241.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 294.07 241.75 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 353.04 241.75 Td (or ) Tj ET Q q 0 0 0 rg BT 364.19 241.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 407.59 241.75 Td (to ) Tj ET Q q 0 0 0 rg BT 418.19 241.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 456.03 241.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 500.54 241.75 Td (financial, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 229.75 Td (or ) Tj ET Q q 0 0 0 rg BT 82.98 229.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 127.86 229.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 174.97 229.75 Td (which ) Tj ET Q q 0 0 0 rg BT 202.62 229.75 Td (could ) Tj ET Q q 0 0 0 rg BT 228.61 229.75 Td (lead ) Tj ET Q q 0 0 0 rg BT 249.60 229.75 Td (to ) Tj ET Q q 0 0 0 rg BT 260.03 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.01 229.75 Td (obligor's ) Tj ET Q q 0 0 0 rg BT 315.02 229.75 Td (inability ) Tj ET Q q 0 0 0 rg BT 350.46 229.75 Td (to ) Tj ET Q q 0 0 0 rg BT 360.88 229.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 385.20 229.75 Td (its ) Tj ET Q q 0 0 0 rg BT 397.28 229.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.05 229.75 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 488.73 229.75 Td ( ) Tj ET Q q 0 0 0 rg BT 490.68 229.75 Td (The ) Tj ET Q q 0 0 0 rg BT 509.99 229.75 Td (ratings ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (from ) Tj ET Q q 0 0 0 rg BT 94.28 217.75 Td (AA) Tj ET Q q 0 0 0 rg BT 107.07 217.75 Td ( ) Tj ET Q q 0 0 0 rg BT 109.91 217.75 Td (to ) Tj ET Q q 0 0 0 rg BT 121.09 217.75 Td (CCC ) Tj ET Q q 0 0 0 rg BT 145.60 217.75 Td (may ) Tj ET Q q 0 0 0 rg BT 167.33 217.75 Td (be ) Tj ET Q q 0 0 0 rg BT 181.30 217.75 Td (modified ) Tj ET Q q 0 0 0 rg BT 221.94 217.75 Td (by ) Tj ET Q q 0 0 0 rg BT 235.34 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 252.08 217.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 289.96 217.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.14 217.75 Td (a ) Tj ET Q q 0 0 0 rg BT 309.54 217.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 330.73 217.75 Td (\(+\) ) Tj ET Q q 0 0 0 rg BT 346.07 217.75 Td (or ) Tj ET Q q 0 0 0 rg BT 357.81 217.75 Td (a ) Tj ET Q q 0 0 0 rg BT 366.21 217.75 Td (minus ) Tj ET Q q 0 0 0 rg BT 395.73 217.75 Td (\(-\) ) Tj ET Q q 0 0 0 rg BT 408.56 217.75 Td (sign ) Tj ET Q q 0 0 0 rg BT 429.75 217.75 Td (to ) Tj ET Q q 0 0 0 rg BT 440.93 217.75 Td (show ) Tj ET Q q 0 0 0 rg BT 467.11 217.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 502.19 217.75 Td (standing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 205.75 Td (within ) Tj ET Q q 0 0 0 rg BT 101.27 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 118.88 205.75 Td (major ) Tj ET Q q 0 0 0 rg BT 147.59 205.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 176.31 205.75 Td (categories. ) Tj ET Q q 0 0 0 rg BT 228.93 205.75 Td (In ) Tj ET Q q 0 0 0 rg BT 240.98 205.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 282.49 205.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 302.32 205.75 Td ( ) Tj ET Q q 0 0 0 rg BT 306.03 205.75 Td (may ) Tj ET Q q 0 0 0 rg BT 328.63 205.75 Td (add ) Tj ET Q q 0 0 0 rg BT 349.02 205.75 Td (a ) Tj ET Q q 0 0 0 rg BT 358.28 205.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 387.00 205.75 Td (outlook ) Tj ET Q q 0 0 0 rg BT 422.96 205.75 Td (of ) Tj ET Q q 0 0 0 rg BT 435.00 205.75 Td ("positive", ) Tj ET Q q 0 0 0 rg BT 482.49 205.75 Td ("negative" ) Tj ET Q q 0 0 0 rg BT 531.11 205.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td ("stable" ) Tj ET Q q 0 0 0 rg BT 107.42 193.75 Td (which ) Tj ET Q q 0 0 0 rg BT 134.63 193.75 Td (assesses ) Tj ET Q q 0 0 0 rg BT 177.95 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.49 193.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 232.94 193.75 Td (direction ) Tj ET Q q 0 0 0 rg BT 272.37 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 282.35 193.75 Td (a ) Tj ET Q q 0 0 0 rg BT 289.55 193.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 333.43 193.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 359.52 193.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 386.17 193.75 Td (over ) Tj ET Q q 0 0 0 rg BT 407.26 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 422.80 193.75 Td (intermediate ) Tj ET Q q 0 0 0 rg BT 479.47 193.75 Td (term ) Tj ET Q q 0 0 0 rg BT 501.11 193.75 Td (\(typically ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 181.75 Td (six ) Tj ET Q q 0 0 0 rg BT 87.00 181.75 Td (months ) Tj ET Q q 0 0 0 rg BT 122.57 181.75 Td (to ) Tj ET Q q 0 0 0 rg BT 133.69 181.75 Td (two ) Tj ET Q q 0 0 0 rg BT 152.03 181.75 Td (years\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 113.11 160.75 Td (Investor ) Tj ET Q q 0 0 0 rg BT 152.88 160.75 Td (Service ) Tj ET Q q 0 0 0 rg BT 190.41 160.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 210.72 160.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.60 160.75 Td (Moody's) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 257.76 160.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 268.83 160.75 Td (has ) Tj ET Q q 0 0 0 rg BT 289.14 160.75 Td (assigned ) Tj ET Q q 0 0 0 rg BT 333.36 160.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 368.12 160.75 Td (a ) Tj ET Q q 0 0 0 rg BT 377.87 160.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 424.31 160.75 Td (family ) Tj ET Q q 0 0 0 rg BT 454.61 160.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 483.26 160.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 512.46 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 524.99 160.75 Td (B1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (assigned ) Tj ET Q q 0 0 0 rg BT 114.79 148.75 Td (our ) Tj ET Q q 0 0 0 rg BT 132.01 148.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 163.68 148.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 192.56 148.75 Td (a ) Tj ET Q q 0 0 0 rg BT 200.89 148.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 228.11 148.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 255.88 148.75 Td (of ) Tj ET Q q 0 0 0 rg BT 266.99 148.75 Td (B2 ) Tj ET Q q 0 0 0 rg BT 281.98 148.75 Td (and ) Tj ET Q q 0 0 0 rg BT 301.43 148.75 Td (stated ) Tj ET Q q 0 0 0 rg BT 331.43 148.75 Td (that ) Tj ET Q q 0 0 0 rg BT 350.88 148.75 Td (our ) Tj ET Q q 0 0 0 rg BT 368.09 148.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 395.87 148.75 Td (outlook ) Tj ET Q q 0 0 0 rg BT 430.88 148.75 Td (is ) Tj ET Q q 0 0 0 rg BT 440.86 148.75 Td (stable. ) Tj ET Q q 0 0 0 rg BT 473.09 148.75 Td ( ) Tj ET Q q 0 0 0 rg BT 475.85 148.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 515.54 148.75 Td (credit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 105.45 136.75 Td (are ) Tj ET Q q 0 0 0 rg BT 123.33 136.75 Td (on ) Tj ET Q q 0 0 0 rg BT 137.89 136.75 Td (a ) Tj ET Q q 0 0 0 rg BT 146.89 136.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 192.56 136.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 215.45 136.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 243.90 136.75 Td (scale ) Tj ET Q q 0 0 0 rg BT 270.68 136.75 Td (that ) Tj ET Q q 0 0 0 rg BT 290.79 136.75 Td (ranges ) Tj ET Q q 0 0 0 rg BT 324.80 136.75 Td (from ) Tj ET Q q 0 0 0 rg BT 347.55 136.75 Td (Aaa ) Tj ET Q q 0 0 0 rg BT 368.78 136.75 Td (to ) Tj ET Q q 0 0 0 rg BT 380.55 136.75 Td (C, ) Tj ET Q q 0 0 0 rg BT 393.99 136.75 Td (which ) Tj ET Q q 0 0 0 rg BT 422.99 136.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 473.67 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.00 136.75 Td (range ) Tj ET Q q 0 0 0 rg BT 520.01 136.75 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (highest ) Tj ET Q q 0 0 0 rg BT 107.27 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 118.64 124.75 Td (lowest ) Tj ET Q q 0 0 0 rg BT 150.01 124.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 181.94 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.30 124.75 Td (such ) Tj ET Q q 0 0 0 rg BT 217.45 124.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 262.71 124.75 Td (rated. ) Tj ET Q q 0 0 0 rg BT 290.71 124.75 Td (According ) Tj ET Q q 0 0 0 rg BT 338.20 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 349.57 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.49 124.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 406.44 124.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 434.48 124.75 Td (system, ) Tj ET Q q 0 0 0 rg BT 471.96 124.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 517.22 124.75 Td (rated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (''Caa'' ) Tj ET Q q 0 0 0 rg BT 100.95 112.75 Td (are ) Tj ET Q q 0 0 0 rg BT 118.37 112.75 Td (rated ) Tj ET Q q 0 0 0 rg BT 144.13 112.75 Td (as ) Tj ET Q q 0 0 0 rg BT 157.66 112.75 Td (being ) Tj ET Q q 0 0 0 rg BT 185.10 112.75 Td (poor ) Tj ET Q q 0 0 0 rg BT 208.08 112.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 239.96 112.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.61 112.75 Td (a ) Tj ET Q q 0 0 0 rg BT 268.14 112.75 Td (very ) Tj ET Q q 0 0 0 rg BT 290.00 112.75 Td (high ) Tj ET Q q 0 0 0 rg BT 311.87 112.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 339.29 112.75 Td (risk. ) Tj ET Q q 0 0 0 rg BT 360.59 112.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 400.48 112.75 Td (appends ) Tj ET Q q 0 0 0 rg BT 441.82 112.75 Td (numerical ) Tj ET Q q 0 0 0 rg BT 488.14 112.75 Td (modifiers ) Tj ET Q q 0 0 0 rg BT 531.67 112.75 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (2 ) Tj ET Q q 0 0 0 rg BT 80.76 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 100.64 100.75 Td (3 ) Tj ET Q q 0 0 0 rg BT 109.39 100.75 Td (to ) Tj ET Q q 0 0 0 rg BT 120.93 100.75 Td (each ) Tj ET Q q 0 0 0 rg BT 145.81 100.75 Td (generic ) Tj ET Q q 0 0 0 rg BT 181.80 100.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 210.01 100.75 Td (classification ) Tj ET Q q 0 0 0 rg BT 269.89 100.75 Td (from ) Tj ET Q q 0 0 0 rg BT 292.45 100.75 Td (Aa ) Tj ET Q q 0 0 0 rg BT 307.88 100.75 Td (through ) Tj ET Q q 0 0 0 rg BT 344.99 100.75 Td (C. ) Tj ET Q q 0 0 0 rg BT 357.98 100.75 Td (The ) Tj ET Q q 0 0 0 rg BT 378.40 100.75 Td (modifier ) Tj ET Q q 0 0 0 rg BT 417.16 100.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 425.92 100.75 Td (indicates ) Tj ET Q q 0 0 0 rg BT 468.58 100.75 Td (that ) Tj ET Q q 0 0 0 rg BT 488.46 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 505.55 100.75 Td (security ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (ranks ) Tj ET Q q 0 0 0 rg BT 99.17 88.75 Td (in ) Tj ET Q q 0 0 0 rg BT 109.67 88.75 Td (the ) Tj ET Q q 0 0 0 rg BT 126.28 88.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 156.79 88.75 Td (end ) Tj ET Q q 0 0 0 rg BT 176.19 88.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.25 88.75 Td (its ) Tj ET Q q 0 0 0 rg BT 199.96 88.75 Td (generic ) Tj ET Q q 0 0 0 rg BT 235.47 88.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 263.20 88.75 Td (category; ) Tj ET Q q 0 0 0 rg BT 307.05 88.75 Td (the ) Tj ET Q q 0 0 0 rg BT 323.66 88.75 Td (modifier ) Tj ET Q q 0 0 0 rg BT 361.95 88.75 Td (2 ) Tj ET Q q 0 0 0 rg BT 370.22 88.75 Td (indicates ) Tj ET Q q 0 0 0 rg BT 412.40 88.75 Td (a ) Tj ET Q q 0 0 0 rg BT 420.68 88.75 Td (mid-range ) Tj ET Q q 0 0 0 rg BT 468.41 88.75 Td (ranking; ) Tj ET Q q 0 0 0 rg BT 506.70 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.10 88.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 76.75 Td (modifier ) Tj ET Q q 0 0 0 rg BT 110.28 76.75 Td (3 ) Tj ET Q q 0 0 0 rg BT 118.56 76.75 Td (indicates ) Tj ET Q q 0 0 0 rg BT 160.74 76.75 Td (a ) Tj ET Q q 0 0 0 rg BT 169.02 76.75 Td (ranking ) Tj ET Q q 0 0 0 rg BT 204.53 76.75 Td (in ) Tj ET Q q 0 0 0 rg BT 215.03 76.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.65 76.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 258.26 76.75 Td (end ) Tj ET Q q 0 0 0 rg BT 277.66 76.75 Td (of ) Tj ET Q q 0 0 0 rg BT 288.72 76.75 Td (its ) Tj ET Q q 0 0 0 rg BT 301.43 76.75 Td (generic ) Tj ET Q q 0 0 0 rg BT 336.95 76.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 364.68 76.75 Td (category) Tj ET Q q 0 0 0 rg BT 402.29 76.75 Td (. ) Tj ET Q q 0 0 0 rg BT 407.79 76.75 Td ( ) Tj ET Q q 0 0 0 rg BT 410.50 76.75 Td (In ) Tj ET Q q 0 0 0 rg BT 421.56 76.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 462.08 76.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 501.72 76.75 Td (may ) Tj ET Q q 0 0 0 rg BT 523.33 76.75 Td (add ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (49) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (a ) Tj ET Q q 0 0 0 rg BT 81.37 712.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 110.20 712.75 Td (outlook ) Tj ET Q q 0 0 0 rg BT 146.25 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 158.40 712.75 Td ("positive", ) Tj ET Q q 0 0 0 rg BT 205.99 712.75 Td ("negative", ) Tj ET Q q 0 0 0 rg BT 257.49 712.75 Td ("stable" ) Tj ET Q q 0 0 0 rg BT 295.08 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 307.78 712.75 Td ("developing" ) Tj ET Q q 0 0 0 rg BT 367.07 712.75 Td (which ) Tj ET Q q 0 0 0 rg BT 396.44 712.75 Td (assess ) Tj ET Q q 0 0 0 rg BT 431.38 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 449.09 712.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 475.12 712.75 Td (direction ) Tj ET Q q 0 0 0 rg BT 516.73 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 528.88 712.75 Td (an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (issuers ) Tj ET Q q 0 0 0 rg BT 106.45 700.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 134.25 700.75 Td (over ) Tj ET Q q 0 0 0 rg BT 156.48 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.16 700.75 Td (medium ) Tj ET Q q 0 0 0 rg BT 211.50 700.75 Td (term.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 679.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.61 679.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 122.67 679.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 158.84 679.75 Td (accorded ) Tj ET Q q 0 0 0 rg BT 206.13 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 218.39 679.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 254.02 679.75 Td (by ) Tj ET Q q 0 0 0 rg BT 268.52 679.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 288.90 679.75 Td ( ) Tj ET Q q 0 0 0 rg BT 291.73 679.75 Td (and ) Tj ET Q q 0 0 0 rg BT 312.34 679.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 355.32 679.75 Td (are ) Tj ET Q q 0 0 0 rg BT 373.16 679.75 Td (not ) Tj ET Q q 0 0 0 rg BT 391.54 679.75 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 480.50 679.75 Td (to ) Tj ET Q q 0 0 0 rg BT 492.77 679.75 Td (purchase, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (hold ) Tj ET Q q 0 0 0 rg BT 96.26 667.75 Td (or ) Tj ET Q q 0 0 0 rg BT 109.41 667.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 129.25 667.75 Td (any ) Tj ET Q q 0 0 0 rg BT 149.64 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.23 667.75 Td (our ) Tj ET Q q 0 0 0 rg BT 181.49 667.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 231.34 667.75 Td (inasmuch ) Tj ET Q q 0 0 0 rg BT 281.18 667.75 Td (as ) Tj ET Q q 0 0 0 rg BT 295.46 667.75 Td (such ) Tj ET Q q 0 0 0 rg BT 321.95 667.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 358.45 667.75 Td (do ) Tj ET Q q 0 0 0 rg BT 373.82 667.75 Td (not ) Tj ET Q q 0 0 0 rg BT 392.52 667.75 Td (comment ) Tj ET Q q 0 0 0 rg BT 440.13 667.75 Td (as ) Tj ET Q q 0 0 0 rg BT 454.41 667.75 Td (to ) Tj ET Q q 0 0 0 rg BT 467.00 667.75 Td (market ) Tj ET Q q 0 0 0 rg BT 502.95 667.75 Td (price ) Tj ET Q q 0 0 0 rg BT 530.01 667.75 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (suitability ) Tj ET Q q 0 0 0 rg BT 121.03 655.75 Td (for ) Tj ET Q q 0 0 0 rg BT 136.72 655.75 Td (a ) Tj ET Q q 0 0 0 rg BT 144.64 655.75 Td (particular ) Tj ET Q q 0 0 0 rg BT 192.57 655.75 Td (investor) Tj ET Q q 0 0 0 rg BT 230.92 655.75 Td (. ) Tj ET Q q 0 0 0 rg BT 236.06 655.75 Td (There ) Tj ET Q q 0 0 0 rg BT 265.65 655.75 Td (is ) Tj ET Q q 0 0 0 rg BT 276.35 655.75 Td (no ) Tj ET Q q 0 0 0 rg BT 290.92 655.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 342.76 655.75 Td (that ) Tj ET Q q 0 0 0 rg BT 363.45 655.75 Td (any ) Tj ET Q q 0 0 0 rg BT 383.04 655.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 413.18 655.75 Td (will ) Tj ET Q q 0 0 0 rg BT 431.65 655.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 466.80 655.75 Td (in ) Tj ET Q q 0 0 0 rg BT 478.05 655.75 Td (effect ) Tj ET Q q 0 0 0 rg BT 507.08 655.75 Td (for ) Tj ET Q q 0 0 0 rg BT 522.77 655.75 Td (any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (given ) Tj ET Q q 0 0 0 rg BT 101.18 643.75 Td (period ) Tj ET Q q 0 0 0 rg BT 134.80 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 147.30 643.75 Td (time ) Tj ET Q q 0 0 0 rg BT 170.93 643.75 Td (or ) Tj ET Q q 0 0 0 rg BT 183.99 643.75 Td (that ) Tj ET Q q 0 0 0 rg BT 205.38 643.75 Td (any ) Tj ET Q q 0 0 0 rg BT 225.68 643.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 256.52 643.75 Td (will ) Tj ET Q q 0 0 0 rg BT 275.69 643.75 Td (not ) Tj ET Q q 0 0 0 rg BT 294.30 643.75 Td (be ) Tj ET Q q 0 0 0 rg BT 309.04 643.75 Td (revised ) Tj ET Q q 0 0 0 rg BT 347.13 643.75 Td (or ) Tj ET Q q 0 0 0 rg BT 360.19 643.75 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 412.69 643.75 Td (entirely ) Tj ET Q q 0 0 0 rg BT 451.33 643.75 Td (by ) Tj ET Q q 0 0 0 rg BT 466.06 643.75 Td (a ) Tj ET Q q 0 0 0 rg BT 474.69 643.75 Td (rating ) Tj ET Q q 0 0 0 rg BT 505.53 643.75 Td (agency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.67 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 101.44 631.75 Td (future ) Tj ET Q q 0 0 0 rg BT 132.55 631.75 Td (if ) Tj ET Q q 0 0 0 rg BT 141.44 631.75 Td (in ) Tj ET Q q 0 0 0 rg BT 153.10 631.75 Td (its ) Tj ET Q q 0 0 0 rg BT 167.55 631.75 Td (judgment ) Tj ET Q q 0 0 0 rg BT 215.33 631.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 288.14 631.75 Td (so ) Tj ET Q q 0 0 0 rg BT 302.59 631.75 Td (warrant.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 610.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.11 610.75 Td (have ) Tj ET Q q 0 0 0 rg BT 113.09 610.75 Td (made ) Tj ET Q q 0 0 0 rg BT 140.40 610.75 Td (payments ) Tj ET Q q 0 0 0 rg BT 186.05 610.75 Td (to ) Tj ET Q q 0 0 0 rg BT 196.68 610.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 216.51 610.75 Td ( ) Tj ET Q q 0 0 0 rg BT 218.81 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.78 610.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 277.00 610.75 Td (in ) Tj ET Q q 0 0 0 rg BT 287.08 610.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 337.74 610.75 Td (with ) Tj ET Q q 0 0 0 rg BT 357.82 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 374.01 610.75 Td (assignment ) Tj ET Q q 0 0 0 rg BT 427.45 610.75 Td (of ) Tj ET Q q 0 0 0 rg BT 438.08 610.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 470.39 610.75 Td (to ) Tj ET Q q 0 0 0 rg BT 481.02 610.75 Td (our ) Tj ET Q q 0 0 0 rg BT 497.77 610.75 Td (long-term ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 93.93 598.75 Td (and ) Tj ET Q q 0 0 0 rg BT 113.08 598.75 Td (may ) Tj ET Q q 0 0 0 rg BT 134.43 598.75 Td (make ) Tj ET Q q 0 0 0 rg BT 161.35 598.75 Td (payments ) Tj ET Q q 0 0 0 rg BT 207.17 598.75 Td (to ) Tj ET Q q 0 0 0 rg BT 217.98 598.75 Td (S&P) Tj ET Q q 0 0 0 rg BT 237.80 598.75 Td ( ) Tj ET Q q 0 0 0 rg BT 240.27 598.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.42 598.75 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 298.81 598.75 Td (in ) Tj ET Q q 0 0 0 rg BT 309.06 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.42 598.75 Td (future ) Tj ET Q q 0 0 0 rg BT 353.46 598.75 Td (in ) Tj ET Q q 0 0 0 rg BT 363.71 598.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 414.54 598.75 Td (with ) Tj ET Q q 0 0 0 rg BT 434.79 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.15 598.75 Td (confirmation ) Tj ET Q q 0 0 0 rg BT 508.09 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 518.89 598.75 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 586.75 Td (ratings ) Tj ET Q q 0 0 0 rg BT 104.79 586.75 Td (for ) Tj ET Q q 0 0 0 rg BT 119.24 586.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 163.16 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 174.28 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 190.96 586.75 Td (of) Tj ET Q q 0 0 0 rg BT 199.11 586.75 Td (fering ) Tj ET Q q 0 0 0 rg BT 226.91 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 238.03 586.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 260.27 586.75 Td (securities.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I67 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 241.25 553.75 Td (MARKET FOR SECURITIES) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 529.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.89 529.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 135.12 529.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 169.47 529.75 Td (are ) Tj ET Q q 0 0 0 rg BT 186.59 529.75 Td (listed ) Tj ET Q q 0 0 0 rg BT 212.60 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 231.94 529.75 Td (posted ) Tj ET Q q 0 0 0 rg BT 264.63 529.75 Td (for ) Tj ET Q q 0 0 0 rg BT 278.96 529.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 312.20 529.75 Td (on ) Tj ET Q q 0 0 0 rg BT 325.99 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 342.38 529.75 Td (TSX ) Tj ET Q q 0 0 0 rg BT 364.49 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 383.84 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 400.40 529.75 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 430.30 529.75 Td (under ) Tj ET Q q 0 0 0 rg BT 458.54 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 475.10 529.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 508.34 529.75 Td (symbol ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td ("BTE". ) Tj ET Q q 0 0 0 rg BT 103.97 517.75 Td (The ) Tj ET Q q 0 0 0 rg BT 124.03 517.75 Td (following ) Tj ET Q q 0 0 0 rg BT 165.77 517.75 Td (table ) Tj ET Q q 0 0 0 rg BT 190.28 517.75 Td (outlines ) Tj ET Q q 0 0 0 rg BT 227.57 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.30 517.75 Td (share ) Tj ET Q q 0 0 0 rg BT 272.14 517.75 Td (price ) Tj ET Q q 0 0 0 rg BT 296.65 517.75 Td (trading ) Tj ET Q q 0 0 0 rg BT 330.05 517.75 Td (range ) Tj ET Q q 0 0 0 rg BT 358.45 517.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.96 517.75 Td (volume ) Tj ET Q q 0 0 0 rg BT 413.03 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 424.19 517.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 457.04 517.75 Td (traded ) Tj ET Q q 0 0 0 rg BT 488.22 517.75 Td (by ) Tj ET Q q 0 0 0 rg BT 501.61 517.75 Td (month ) Tj ET Q q 0 0 0 rg BT 532.23 517.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 505.75 Td (2018.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 473.25 m 233 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 473.25 m 238 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 473.25 m 280 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 473.25 m 284 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 473.25 m 349 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 473.25 m 405 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 473.25 m 410 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 473.25 m 462 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 473.25 m 467 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 473.25 m 532 473.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 460.25 m 233 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 460.25 m 238 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 460.25 m 280 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 460.25 m 405 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 460.25 m 410 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 460.25 m 462 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 438.25 m 233 438.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238 438.25 m 280 438.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 438.25 m 349 438.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 438.25 m 405 438.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 438.25 m 462 438.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 438.25 m 532 438.25 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 211.70 477.20 Td (Canada Composite T) Tj ET Q q 0 0 0 rg BT 300.96 477.20 Td (rading) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.20 477.20 Td (United States Composite T) Tj ET Q q 0 0 0 rg BT 485.46 477.20 Td (rading) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.45 464.20 Td (Price Range) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.95 464.20 Td (Price Range) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.00 451.20 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.50 442.20 Td (\($\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.50 451.20 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 253.00 442.20 Td (\($\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.05 451.20 Td (V) Tj ET Q q 0 0 0 rg BT 305.72 451.20 Td (olume) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.20 442.20 Td (T) Tj ET Q q 0 0 0 rg BT 306.45 442.20 Td (raded) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.50 451.20 Td (High) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.70 442.20 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.50 451.20 Td (Low) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.70 442.20 Td (\(US$\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.05 451.20 Td (V) Tj ET Q q 0 0 0 rg BT 488.38 451.20 Td (olume) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.20 442.20 Td (T) Tj ET Q q 0 0 0 rg BT 489.20 442.20 Td (raded) Tj ET Q BT /F3 9.00 Tf ET 0 0 0 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 81.5 421.91455078125 m 101.521484375 421.91455078125 l s q 0 0 0 rg BT 81.50 423.20 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 410.20 Td (January) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 410.20 Td (4.35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 410.20 Td (3.66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 410.20 Td (141,677,233) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 410.20 Td (3.54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 410.20 Td (2.97) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 410.20 Td (44,1) Tj ET Q q 0 0 0 rg BT 500.97 410.20 Td (14,735) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 397.20 Td (February) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 397.20 Td (3.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 397.20 Td (3.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 397.20 Td (92,345,877) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 397.20 Td (2.55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 397.20 Td (2.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 397.20 Td (33,080,354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 384.20 Td (March) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 384.20 Td (4.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 384.20 Td (3.05) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 384.20 Td (1) Tj ET Q q 0 0 0 rg BT 300.46 384.20 Td (12,444,289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 384.20 Td (3.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 384.20 Td (2.37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 384.20 Td (41,043,628) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 371.20 Td (April) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 371.20 Td (5.83) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 371.20 Td (3.34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 371.20 Td (199,963,925) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 371.20 Td (4.55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 371.20 Td (2.59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 371.20 Td (52,355,947) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 358.20 Td (May) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 358.20 Td (6.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 358.20 Td (5.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 358.20 Td (232,750,483) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 358.20 Td (4.85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 358.20 Td (4.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 358.20 Td (65,896,429) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 345.20 Td (June) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 345.20 Td (5.69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 345.20 Td (4.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 345.20 Td (283,604,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 345.20 Td (4.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 345.20 Td (3.16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 345.20 Td (57,560,556) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 332.20 Td (July) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 332.20 Td (4.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 332.20 Td (3.88) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 332.20 Td (146,771,729) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 332.20 Td (3.62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 332.20 Td (2.98) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 332.20 Td (39,244,788) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 319.20 Td (August) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 319.20 Td (4.50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 319.20 Td (3.51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 319.20 Td (217,845,970) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 319.20 Td (3.44) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 319.20 Td (2.66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 319.20 Td (52,628,170) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 306.20 Td (September) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 306.20 Td (4.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 306.20 Td (3.37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 306.20 Td (241,558,1) Tj ET Q q 0 0 0 rg BT 335.49 306.20 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 306.20 Td (3.1) Tj ET Q q 0 0 0 rg BT 396.46 306.20 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 306.20 Td (2.56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 306.20 Td (48,690,188) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 293.20 Td (October) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 293.20 Td (4.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 293.20 Td (2.49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 293.20 Td (291,948,490) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 293.20 Td (3.13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 293.20 Td (1.90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 293.20 Td (65,405,615) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 280.20 Td (November) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 280.20 Td (2.94) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 280.20 Td (2.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 280.20 Td (268,015,054) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 280.20 Td (2.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 280.20 Td (1.67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 280.20 Td (59,355,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.50 267.20 Td (December) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.95 267.20 Td (2.74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.95 267.20 Td (1.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 267.20 Td (264,537,203) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 267.20 Td (2.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.95 267.20 Td (1.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.45 267.20 Td (56,897,347) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 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rg BT 445.49 676.75 Td ( ) Tj ET Q q 0 0 0 rg BT 446.91 676.75 Td (The ) Tj ET Q q 0 0 0 rg BT 465.67 676.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 493.88 676.75 Td (committee ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (memberships ) Tj ET Q q 0 0 0 rg BT 134.80 664.75 Td (and ) Tj ET Q q 0 0 0 rg BT 154.26 664.75 Td (Lead ) Tj ET Q q 0 0 0 rg BT 179.29 664.75 Td (Independent ) Tj ET Q q 0 0 0 rg BT 237.67 664.75 Td (director ) Tj ET Q q 0 0 0 rg BT 273.80 664.75 Td (designation ) Tj ET Q q 0 0 0 rg BT 327.73 664.75 Td (is ) Tj ET Q q 0 0 0 rg BT 337.73 664.75 Td (as ) Tj ET Q q 0 0 0 rg BT 351.07 664.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.19 664.75 Td (March ) Tj ET Q q 0 0 0 rg BT 392.75 664.75 Td (5, ) Tj ET Q q 0 0 0 rg BT 403.87 664.75 Td (2019.) 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(Alberta) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.00 607.20 Td (51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.00 607.20 Td (Chairman of the Board) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 607.20 Td (Chairman of the Board, Baytex) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 582.20 Td (Edward ) Tj ET Q q 0 0 0 rg BT 110.01 582.20 Td (D. ) Tj ET Q q 0 0 0 rg BT 121.51 582.20 Td (LaFehr) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 571.20 Td (Calgary) Tj ET Q q 0 0 0 rg BT 105.34 571.20 Td (, ) Tj ET Q q 0 0 0 rg BT 109.85 571.20 Td (Alberta) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.00 582.20 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.00 582.20 Td (Director) Tj ET Q q 0 0 0 rg BT 270.26 582.20 Td (, President and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.00 573.20 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 313.45 573.20 Td (ficer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 582.20 Td (President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 501.49 582.20 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239.00 507.20 Td (Director) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 507.20 Td (Independent ) Tj ET Q q 0 0 0 rg BT 421.55 507.20 Td (Businessman) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 482.20 Td (T) Tj ET Q q 0 0 0 rg BT 80.00 482.20 Td (rudy ) Tj ET Q q 0 0 0 rg BT 102.00 482.20 Td (M. ) Tj ET Q q 0 0 0 rg BT 114.50 482.20 Td (Curran ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 146.51 486.49 Td (\(1\)\(4\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 471.20 Td (Calgary) Tj ET Q q 0 0 0 rg BT 105.34 471.20 Td (, ) Tj ET Q q 0 0 0 rg BT 109.85 471.20 Td (Alberta) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.00 482.20 Td (56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.00 482.20 Td (Director) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 482.20 Td (Independent Businesswoman) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 457.20 Td (Naveen ) Tj ET Q q 0 0 0 rg BT 109.52 457.20 Td (Dargan ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 143.03 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(Alberta) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.00 357.20 Td (55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.00 357.20 Td (Executive V) Tj ET Q q 0 0 0 rg BT 286.44 357.20 Td (ice President) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.00 348.20 Td (and Chief Operating Of) Tj ET Q q 0 0 0 rg BT 331.47 348.20 Td (ficer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 357.20 Td (Executive V) Tj ET Q q 0 0 0 rg BT 416.44 357.20 Td (ice President and Chief) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 348.20 Td (Operating Of) Tj ET Q q 0 0 0 rg BT 420.44 348.20 Td (ficer) Tj ET Q q 0 0 0 rg BT 437.12 348.20 Td (, Baytex) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 332.20 Td (Rodney ) Tj ET Q q 0 0 0 rg BT 110.50 332.20 Td (D. ) Tj ET Q q 0 0 0 rg BT 122.00 332.20 Td (Gray) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 321.20 Td (Calgary) Tj ET Q q 0 0 0 rg BT 105.34 321.20 Td (, ) Tj ET Q q 0 0 0 rg BT 109.85 321.20 Td (Alberta) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.00 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ET Q q 0 0 0 rg BT 308.43 552.80 Td (the ) Tj ET Q q 0 0 0 rg BT 325.90 552.80 Td (President ) Tj ET Q q 0 0 0 rg BT 371.72 552.80 Td (and ) Tj ET Q q 0 0 0 rg BT 391.97 552.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 418.88 552.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 466.37 552.80 Td (Of) Tj ET Q q 0 0 0 rg BT 476.74 552.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 499.20 552.80 Td (of ) Tj ET Q q 0 0 0 rg BT 511.11 552.80 Td (Prairie ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 540.80 Td (Schooner ) Tj ET Q q 0 0 0 rg BT 116.99 540.80 Td (Energy ) Tj ET Q q 0 0 0 rg BT 150.86 540.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 169.73 540.80 Td (from ) Tj ET Q q 0 0 0 rg BT 191.48 540.80 Td (August ) Tj ET Q q 0 0 0 rg BT 224.80 540.80 Td (2004 ) Tj ET Q q 0 0 0 rg BT 249.23 540.80 Td (until ) Tj ET Q q 0 0 0 rg BT 269.76 540.80 Td (September ) Tj ET Q q 0 0 0 rg BT 320.86 540.80 Td (2006 ) Tj ET Q q 0 0 0 rg BT 345.29 540.80 Td (and ) Tj ET Q q 0 0 0 rg BT 364.16 540.80 Td (the ) Tj ET Q q 0 0 0 rg BT 380.25 540.80 Td (V) Tj ET Q q 0 0 0 rg BT 386.74 540.80 Td (ice ) Tj ET Q q 0 0 0 rg BT 401.71 540.80 Td (President, ) Tj ET Q q 0 0 0 rg BT 448.92 540.80 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 504.48 540.80 Td (of ) Tj ET Q q 0 0 0 rg BT 515.00 540.80 Td (Great ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 528.80 Td (Northern ) Tj ET Q q 0 0 0 rg BT 113.83 528.80 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 166.79 528.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 186.39 528.80 Td (from ) Tj ET Q q 0 0 0 rg BT 209.31 528.80 Td (September ) Tj ET Q q 0 0 0 rg BT 261.16 528.80 Td (2001 ) Tj ET Q q 0 0 0 rg BT 286.33 528.80 Td (to ) Tj ET Q q 0 0 0 rg BT 297.59 528.80 Td (June ) Tj ET Q q 0 0 0 rg BT 322.20 528.80 Td (2004. ) Tj ET Q q 0 0 0 rg BT 350.15 528.80 Td (He ) Tj ET Q q 0 0 0 rg BT 365.86 528.80 Td (received ) Tj ET Q q 0 0 0 rg BT 406.58 528.80 Td (a ) Tj ET Q q 0 0 0 rg BT 415.07 528.80 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 457.46 528.80 Td (of ) Tj ET Q q 0 0 0 rg BT 468.14 528.80 Td (Applied ) Tj ET Q q 0 0 0 rg BT 504.43 528.80 Td (Science ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 516.80 Td (degree ) Tj ET Q q 0 0 0 rg BT 105.92 516.80 Td (in ) Tj ET Q q 0 0 0 rg BT 116.48 516.80 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 172.63 516.80 Td (from ) Tj ET Q q 0 0 0 rg BT 195.41 516.80 Td (the ) Tj ET Q q 0 0 0 rg BT 212.09 516.80 Td (University ) Tj ET Q q 0 0 0 rg BT 258.76 516.80 Td (of ) Tj ET Q q 0 0 0 rg BT 269.88 516.80 Td (Regina ) Tj ET Q q 0 0 0 rg BT 304.35 516.80 Td (in ) Tj ET Q q 0 0 0 rg BT 314.91 516.80 Td (1991.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 495.80 Td (Edward ) Tj ET Q q 0 0 0 rg BT 108.59 495.80 Td (D. ) Tj ET Q q 0 0 0 rg BT 121.27 495.80 Td (LaFehr ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.64 495.80 Td (joined ) Tj ET Q q 0 0 0 rg BT 185.01 495.80 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 218.27 495.80 Td (as ) Tj ET Q q 0 0 0 rg BT 231.51 495.80 Td (President ) Tj ET Q q 0 0 0 rg BT 276.44 495.80 Td (on ) Tj ET Q q 0 0 0 rg BT 290.25 495.80 Td (July ) Tj ET Q q 0 0 0 rg BT 310.72 495.80 Td (18, ) Tj ET Q q 0 0 0 rg BT 327.30 495.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 352.23 495.80 Td (and ) Tj ET Q q 0 0 0 rg BT 371.60 495.80 Td (was ) Tj ET Q q 0 0 0 rg BT 392.07 495.80 Td (appointed ) Tj ET Q q 0 0 0 rg BT 438.68 495.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 464.71 495.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 510.75 495.80 Td (Of) Tj ET Q q 0 0 0 rg BT 521.12 495.80 Td (ficer ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 483.80 Td (on ) Tj ET Q q 0 0 0 rg BT 85.00 483.80 Td (May ) Tj ET Q q 0 0 0 rg BT 105.77 483.80 Td (4, ) Tj ET Q q 0 0 0 rg BT 115.99 483.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 142.89 483.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 154.00 483.80 Td (. ) Tj ET Q q 0 0 0 rg BT 158.66 483.80 Td (LaFehr ) Tj ET Q q 0 0 0 rg BT 192.22 483.80 Td (has ) Tj ET Q q 0 0 0 rg BT 210.23 483.80 Td (nearly ) Tj ET Q q 0 0 0 rg BT 239.34 483.80 Td (35 ) Tj ET Q q 0 0 0 rg BT 252.34 483.80 Td (years ) Tj ET Q q 0 0 0 rg BT 278.67 483.80 Td (of ) Tj ET Q q 0 0 0 rg BT 288.89 483.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 339.69 483.80 Td (in ) Tj ET Q q 0 0 0 rg BT 349.36 483.80 Td (the ) Tj ET Q q 0 0 0 rg BT 365.14 483.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 377.02 483.80 Td (and ) Tj ET Q q 0 0 0 rg BT 395.58 483.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 413.58 483.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 450.48 483.80 Td (working ) Tj ET Q q 0 0 0 rg BT 486.82 483.80 Td (with ) Tj ET Q q 0 0 0 rg BT 506.10 483.80 Td (Amoco, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 471.80 Td (BP) Tj ET Q q 0 0 0 rg BT 84.05 471.80 Td (, ) Tj ET Q q 0 0 0 rg BT 88.79 471.80 Td (T) Tj ET Q q 0 0 0 rg BT 93.79 471.80 Td (alisman ) Tj ET Q q 0 0 0 rg BT 130.35 471.80 Td (and ) Tj ET Q q 0 0 0 rg BT 149.13 471.80 Td (the ) Tj ET Q q 0 0 0 rg BT 164.71 471.80 Td (Abu ) Tj ET Q q 0 0 0 rg BT 184.60 471.80 Td (Dhabi ) Tj ET Q q 0 0 0 rg BT 212.82 471.80 Td (National ) Tj ET Q q 0 0 0 rg BT 251.61 471.80 Td (Energy ) Tj ET Q q 0 0 0 rg BT 285.39 471.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 330.29 471.80 Td (\("T) Tj ET Q q 0 0 0 rg BT 342.53 471.80 Td (AQA"\) ) Tj ET Q q 0 0 0 rg BT 372.63 471.80 Td (in ) Tj ET Q q 0 0 0 rg BT 382.51 471.80 Td (various ) Tj ET Q q 0 0 0 rg BT 416.84 471.80 Td (geographies. ) Tj ET Q q 0 0 0 rg BT 476.76 471.80 Td (Before ) Tj ET Q q 0 0 0 rg BT 511.10 471.80 Td (joining ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 459.80 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 106.98 459.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 118.08 459.80 Td (. ) Tj ET Q q 0 0 0 rg BT 122.49 459.80 Td (LaFehr ) Tj ET Q q 0 0 0 rg BT 155.80 459.80 Td (was ) Tj ET Q q 0 0 0 rg BT 175.21 459.80 Td (President ) Tj ET Q q 0 0 0 rg BT 219.08 459.80 Td (of ) Tj ET Q q 0 0 0 rg BT 228.94 459.80 Td (T) Tj ET Q q 0 0 0 rg BT 234.31 459.80 Td (AQA) Tj ET Q q 0 0 0 rg BT 254.69 459.80 Td () Tj ET Q q 0 0 0 rg BT 256.73 459.80 Td (s ) Tj ET Q q 0 0 0 rg BT 263.35 459.80 Td (North ) Tj ET Q q 0 0 0 rg BT 289.11 459.80 Td (American ) Tj ET Q q 0 0 0 rg BT 332.97 459.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.60 459.80 Td (and ) Tj ET Q q 0 0 0 rg BT 362.92 459.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 380.66 459.80 Td (business ) Tj ET Q q 0 0 0 rg BT 421.76 459.80 Td (which ) Tj ET Q q 0 0 0 rg BT 448.95 459.80 Td (led ) Tj ET Q q 0 0 0 rg BT 463.92 459.80 Td (to ) Tj ET Q q 0 0 0 rg BT 473.89 459.80 Td (his ) Tj ET Q q 0 0 0 rg BT 488.30 459.80 Td (subsequent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 447.80 Td (role ) Tj ET Q q 0 0 0 rg BT 92.59 447.80 Td (as ) Tj ET Q q 0 0 0 rg BT 107.07 447.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 134.33 447.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 182.16 447.80 Td (Of) Tj ET Q q 0 0 0 rg BT 192.54 447.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 215.35 447.80 Td (of ) Tj ET Q q 0 0 0 rg BT 227.35 447.80 Td (T) Tj ET Q q 0 0 0 rg BT 232.71 447.80 Td (AQA, ) Tj ET Q q 0 0 0 rg BT 260.53 447.80 Td (globally) Tj ET Q q 0 0 0 rg BT 293.70 447.80 Td (. ) Tj ET Q q 0 0 0 rg BT 303.17 447.80 Td (Prior ) Tj ET Q q 0 0 0 rg BT 328.20 447.80 Td (to ) Tj ET Q q 0 0 0 rg BT 340.46 447.80 Td (this, ) Tj ET Q q 0 0 0 rg BT 362.71 447.80 Td (he ) Tj ET Q q 0 0 0 rg BT 377.75 447.80 Td (served ) Tj ET Q q 0 0 0 rg BT 411.68 447.80 Td (as ) Tj ET Q q 0 0 0 rg BT 426.16 447.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 458.98 447.80 Td (V) Tj ET Q q 0 0 0 rg BT 465.47 447.80 Td (ice ) Tj ET Q q 0 0 0 rg BT 482.17 447.80 Td (President ) Tj ET Q q 0 0 0 rg BT 528.34 447.80 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 435.80 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 435.80 Td (alisman ) Tj ET Q q 0 0 0 rg BT 114.14 435.80 Td (Energy) Tj ET Q q 0 0 0 rg BT 145.09 435.80 Td (, ) Tj ET Q q 0 0 0 rg BT 150.55 435.80 Td (accountable ) Tj ET Q q 0 0 0 rg BT 207.17 435.80 Td (for ) Tj ET Q q 0 0 0 rg BT 221.52 435.80 Td (its ) Tj ET Q q 0 0 0 rg BT 234.21 435.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 279.71 435.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 327.42 435.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 338.53 435.80 Td (. ) Tj ET Q q 0 0 0 rg BT 343.99 435.80 Td (LaFehr ) Tj ET Q q 0 0 0 rg BT 378.36 435.80 Td (has ) Tj ET Q q 0 0 0 rg BT 397.17 435.80 Td (a ) Tj ET Q q 0 0 0 rg BT 405.42 435.80 Td (long ) Tj ET Q q 0 0 0 rg BT 427.01 435.80 Td (track ) Tj ET Q q 0 0 0 rg BT 451.37 435.80 Td (record ) Tj ET Q q 0 0 0 rg BT 482.40 435.80 Td (of ) Tj ET Q q 0 0 0 rg BT 493.42 435.80 Td (success ) Tj ET Q q 0 0 0 rg BT 532.23 435.80 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 423.80 Td (the ) Tj ET Q q 0 0 0 rg BT 89.23 423.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 102.57 423.80 Td (and ) Tj ET Q q 0 0 0 rg BT 122.58 423.80 Td (gas ) Tj ET Q q 0 0 0 rg BT 142.04 423.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 180.38 423.80 Td (leading ) Tj ET Q q 0 0 0 rg BT 215.96 423.80 Td (organizations, ) Tj ET Q q 0 0 0 rg BT 281.55 423.80 Td (growing ) Tj ET Q q 0 0 0 rg BT 319.90 423.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 352.14 423.80 Td (and ) Tj ET Q q 0 0 0 rg BT 372.15 423.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 393.83 423.80 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 438.29 423.80 Td (and ) Tj ET Q q 0 0 0 rg BT 458.31 423.80 Td (driving ) Tj ET Q q 0 0 0 rg BT 491.09 423.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 523.33 423.80 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 411.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 93.21 411.80 Td (ef) Tj ET Q q 0 0 0 rg BT 101.37 411.80 Td (ficiencies. ) Tj ET Q q 0 0 0 rg BT 150.92 411.80 Td (He ) Tj ET Q q 0 0 0 rg BT 166.58 411.80 Td (was ) Tj ET Q q 0 0 0 rg BT 187.23 411.80 Td (recently ) Tj ET Q q 0 0 0 rg BT 225.12 411.80 Td (nominated ) Tj ET Q q 0 0 0 rg BT 274.69 411.80 Td (for ) Tj ET Q q 0 0 0 rg BT 289.23 411.80 Td (election ) Tj ET Q q 0 0 0 rg BT 326.57 411.80 Td (as ) Tj ET Q q 0 0 0 rg BT 340.00 411.80 Td (a ) Tj ET Q q 0 0 0 rg BT 348.43 411.80 Td (director ) Tj ET Q q 0 0 0 rg BT 384.65 411.80 Td (of ) Tj ET Q q 0 0 0 rg BT 395.67 411.80 Td (T) Tj ET Q q 0 0 0 rg BT 401.41 411.80 Td (ransGlobe ) Tj ET Q q 0 0 0 rg BT 450.42 411.80 Td (Energy ) Tj ET Q q 0 0 0 rg BT 484.97 411.80 Td (Corporation, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 399.80 Td (an ) Tj ET Q q 0 0 0 rg BT 85.19 399.80 Td (exploration ) Tj ET Q q 0 0 0 rg BT 136.18 399.80 Td (and ) Tj ET Q q 0 0 0 rg BT 154.94 399.80 Td (production ) Tj ET Q q 0 0 0 rg BT 203.71 399.80 Td (company ) Tj ET Q q 0 0 0 rg BT 246.36 399.80 Td (whose ) Tj ET Q q 0 0 0 rg BT 277.33 399.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 317.75 399.80 Td (are ) Tj ET Q q 0 0 0 rg BT 334.27 399.80 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 394.16 399.80 Td (in ) Tj ET Q q 0 0 0 rg BT 404.01 399.80 Td (Egypt ) Tj ET Q q 0 0 0 rg BT 431.65 399.80 Td (and ) Tj ET Q q 0 0 0 rg BT 450.41 399.80 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 490.29 399.80 Td ( ) Tj ET Q q 0 0 0 rg BT 492.36 399.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 503.46 399.80 Td (. ) Tj ET Q q 0 0 0 rg BT 508.31 399.80 Td (LaFehr ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 387.80 Td (holds ) Tj ET Q q 0 0 0 rg BT 99.32 387.80 Td (Masters ) Tj ET Q q 0 0 0 rg BT 138.30 387.80 Td (degrees ) Tj ET Q q 0 0 0 rg BT 177.86 387.80 Td (in ) Tj ET Q q 0 0 0 rg BT 189.06 387.80 Td (geophysics ) Tj ET Q q 0 0 0 rg BT 242.51 387.80 Td (and ) Tj ET Q q 0 0 0 rg BT 262.61 387.80 Td (mineral ) Tj ET Q q 0 0 0 rg BT 298.82 387.80 Td (economics ) Tj ET Q q 0 0 0 rg BT 350.04 387.80 Td (from ) Tj ET Q q 0 0 0 rg BT 373.45 387.80 Td (Stanford ) Tj ET Q q 0 0 0 rg BT 414.68 387.80 Td (University ) Tj ET Q q 0 0 0 rg BT 461.99 387.80 Td (and ) Tj ET Q q 0 0 0 rg BT 482.09 387.80 Td (the ) Tj ET Q q 0 0 0 rg BT 499.41 387.80 Td (Colorado ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 375.80 Td (School ) Tj ET Q q 0 0 0 rg BT 105.35 375.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.47 375.80 Td (Mines, ) Tj ET Q q 0 0 0 rg BT 148.70 375.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 200.76 375.80 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 354.80 Td (Mark ) Tj ET Q q 0 0 0 rg BT 96.57 354.80 Td (R. ) Tj ET Q q 0 0 0 rg BT 108.92 354.80 Td (Bly) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.81 354.80 Td ( ) Tj ET Q q 0 0 0 rg BT 125.16 354.80 Td (was ) Tj ET Q q 0 0 0 rg BT 145.29 354.80 Td (appointed ) Tj ET Q q 0 0 0 rg BT 191.57 354.80 Td (Lead ) Tj ET Q q 0 0 0 rg BT 216.16 354.80 Td (Independent ) Tj ET Q q 0 0 0 rg BT 274.12 354.80 Td (Director ) Tj ET Q q 0 0 0 rg BT 311.47 354.80 Td (on ) Tj ET Q q 0 0 0 rg BT 324.94 354.80 Td (March ) Tj ET Q q 0 0 0 rg BT 355.08 354.80 Td (5, ) Tj ET Q q 0 0 0 rg BT 365.76 354.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 390.36 354.80 Td (after ) Tj ET Q q 0 0 0 rg BT 412.72 354.80 Td (having ) Tj ET Q q 0 0 0 rg BT 444.53 354.80 Td (been ) Tj ET Q q 0 0 0 rg BT 469.13 354.80 Td (appointed ) Tj ET Q q 0 0 0 rg BT 515.41 354.80 Td (to ) Tj ET Q q 0 0 0 rg BT 526.09 354.80 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 342.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 101.38 342.80 Td (in ) Tj ET Q q 0 0 0 rg BT 111.85 342.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 139.57 342.80 Td ( ) Tj ET Q q 0 0 0 rg BT 142.26 342.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 153.37 342.80 Td (. ) Tj ET Q q 0 0 0 rg BT 158.84 342.80 Td (Bly ) Tj ET Q q 0 0 0 rg BT 175.43 342.80 Td (is ) Tj ET Q q 0 0 0 rg BT 185.34 342.80 Td (an ) Tj ET Q q 0 0 0 rg BT 199.16 342.80 Td (independent ) Tj ET Q q 0 0 0 rg BT 256.90 342.80 Td (businessman ) Tj ET Q q 0 0 0 rg BT 318.52 342.80 Td (with ) Tj ET Q q 0 0 0 rg BT 338.99 342.80 Td (over ) Tj ET Q q 0 0 0 rg BT 361.14 342.80 Td (35 ) Tj ET Q q 0 0 0 rg BT 374.96 342.80 Td (years ) Tj ET Q q 0 0 0 rg BT 402.10 342.80 Td (of ) Tj ET Q q 0 0 0 rg BT 413.14 342.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 464.75 342.80 Td (in ) Tj ET Q q 0 0 0 rg BT 475.23 342.80 Td (the ) Tj ET Q q 0 0 0 rg BT 491.82 342.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 504.52 342.80 Td (and ) Tj ET Q q 0 0 0 rg BT 523.89 342.80 Td (gas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 330.80 Td (industry) Tj ET Q q 0 0 0 rg BT 106.27 330.80 Td (, ) Tj ET Q q 0 0 0 rg BT 112.17 330.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 153.07 330.80 Td (with ) Tj ET Q q 0 0 0 rg BT 173.98 330.80 Td (BP) Tj ET Q q 0 0 0 rg BT 186.03 330.80 Td (, ) Tj ET Q q 0 0 0 rg BT 191.93 330.80 Td (a ) Tj ET Q q 0 0 0 rg BT 200.61 330.80 Td (global ) Tj ET Q q 0 0 0 rg BT 230.42 330.80 Td (producer ) Tj ET Q q 0 0 0 rg BT 273.01 330.80 Td (of ) Tj ET Q q 0 0 0 rg BT 284.47 330.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 297.60 330.80 Td (and ) Tj ET Q q 0 0 0 rg BT 317.41 330.80 Td (gas. ) Tj ET Q q 0 0 0 rg BT 341.59 330.80 Td (At ) Tj ET Q q 0 0 0 rg BT 354.16 330.80 Td (BP) Tj ET Q q 0 0 0 rg BT 366.21 330.80 Td (, ) Tj ET Q q 0 0 0 rg BT 372.11 330.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 383.22 330.80 Td (. ) Tj ET Q q 0 0 0 rg BT 389.12 330.80 Td (Bly ) Tj ET Q q 0 0 0 rg BT 406.13 330.80 Td (held ) Tj ET Q q 0 0 0 rg BT 428.16 330.80 Td (various ) Tj ET Q q 0 0 0 rg BT 463.51 330.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 493.87 330.80 Td (leadership ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 318.80 Td (roles ) Tj ET Q q 0 0 0 rg BT 96.05 318.80 Td (in ) Tj ET Q q 0 0 0 rg BT 106.20 318.80 Td (its ) Tj ET Q q 0 0 0 rg BT 118.58 318.80 Td (domestic ) Tj ET Q q 0 0 0 rg BT 160.96 318.80 Td (and ) Tj ET Q q 0 0 0 rg BT 180.02 318.80 Td (international ) Tj ET Q q 0 0 0 rg BT 236.88 318.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 288.73 318.80 Td (including ) Tj ET Q q 0 0 0 rg BT 330.57 318.80 Td (leading ) Tj ET Q q 0 0 0 rg BT 365.19 318.80 Td (the ) Tj ET Q q 0 0 0 rg BT 381.47 318.80 Td (North ) Tj ET Q q 0 0 0 rg BT 407.82 318.80 Td (American ) Tj ET Q q 0 0 0 rg BT 452.43 318.80 Td (onshore ) Tj ET Q q 0 0 0 rg BT 490.94 318.80 Td (unit, ) Tj ET Q q 0 0 0 rg BT 512.22 318.80 Td (Group ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 306.80 Td (V) Tj ET Q q 0 0 0 rg BT 78.49 306.80 Td (ice ) Tj ET Q q 0 0 0 rg BT 94.85 306.80 Td (President ) 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BT 235.16 294.80 Td (retiring ) Tj ET Q q 0 0 0 rg BT 268.92 294.80 Td (from ) Tj ET Q q 0 0 0 rg BT 292.12 294.80 Td (BP) Tj ET Q q 0 0 0 rg BT 305.28 294.80 Td ( ) Tj ET Q q 0 0 0 rg BT 308.48 294.80 Td (in ) Tj ET Q q 0 0 0 rg BT 319.46 294.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 347.68 294.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 358.79 294.80 Td (. ) Tj ET Q q 0 0 0 rg BT 364.76 294.80 Td (Bly ) Tj ET Q q 0 0 0 rg BT 381.85 294.80 Td (has ) Tj ET Q q 0 0 0 rg BT 401.17 294.80 Td (worked ) Tj ET Q q 0 0 0 rg BT 436.61 294.80 Td (with ) Tj ET Q q 0 0 0 rg BT 457.59 294.80 Td (private ) Tj ET Q q 0 0 0 rg BT 490.80 294.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 504.00 294.80 Td (and ) Tj ET Q q 0 0 0 rg BT 523.89 294.80 Td (gas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 282.80 Td (production ) Tj ET Q q 0 0 0 rg BT 122.18 282.80 Td (and ) Tj ET Q q 0 0 0 rg BT 142.35 282.80 Td (service ) Tj ET Q q 0 0 0 rg BT 177.50 282.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 229.34 282.80 Td (serving ) Tj ET Q q 0 0 0 rg BT 265.06 282.80 Td (as ) Tj ET Q q 0 0 0 rg BT 279.10 282.80 Td (an ) Tj ET Q q 0 0 0 rg BT 293.71 282.80 Td (executive, ) Tj ET Q q 0 0 0 rg BT 342.21 282.80 Td (board ) Tj ET Q q 0 0 0 rg BT 371.27 282.80 Td (member ) Tj ET Q q 0 0 0 rg BT 411.42 282.80 Td (and ) Tj ET Q q 0 0 0 rg BT 431.59 282.80 Td (advisor) Tj ET Q q 0 0 0 rg BT 463.27 282.80 Td (. ) Tj ET Q q 0 0 0 rg BT 472.31 282.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 483.42 282.80 Td (. ) Tj ET Q q 0 0 0 rg BT 489.68 282.80 Td (Bly ) Tj ET Q q 0 0 0 rg BT 507.05 282.80 Td (holds ) Tj ET Q q 0 0 0 rg BT 534.44 282.80 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 270.80 Td (Master ) Tj ET Q q 0 0 0 rg BT 104.52 270.80 Td (of ) Tj ET Q q 0 0 0 rg BT 114.83 270.80 Td (Science ) Tj ET Q q 0 0 0 rg BT 152.37 270.80 Td (degree ) Tj ET Q q 0 0 0 rg BT 185.47 270.80 Td (in ) Tj ET Q q 0 0 0 rg BT 195.21 270.80 Td (structural ) Tj ET Q q 0 0 0 rg BT 238.30 270.80 Td (engineering ) Tj ET Q q 0 0 0 rg BT 292.53 270.80 Td (from ) Tj ET Q q 0 0 0 rg BT 314.49 270.80 Td (the ) Tj ET Q q 0 0 0 rg BT 330.35 270.80 Td (University ) Tj ET Q q 0 0 0 rg BT 376.21 270.80 Td (of ) Tj ET Q q 0 0 0 rg BT 386.52 270.80 Td (California, ) Tj ET Q q 0 0 0 rg BT 433.50 270.80 Td (Berkeley ) Tj ET Q q 0 0 0 rg BT 474.37 270.80 Td (and ) Tj ET Q q 0 0 0 rg BT 493.02 270.80 Td (a ) Tj ET Q q 0 0 0 rg BT 500.54 270.80 Td (Bachelor ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 258.80 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 258.80 Td (Science ) Tj ET Q q 0 0 0 rg BT 121.47 258.80 Td (degree ) Tj ET Q q 0 0 0 rg BT 155.39 258.80 Td (in ) Tj ET Q q 0 0 0 rg BT 165.95 258.80 Td (civil ) Tj ET Q q 0 0 0 rg BT 185.39 258.80 Td (engineering ) Tj ET Q q 0 0 0 rg BT 240.44 258.80 Td (from ) Tj ET Q q 0 0 0 rg BT 263.22 258.80 Td (the ) Tj ET Q q 0 0 0 rg BT 279.90 258.80 Td (University ) Tj ET Q q 0 0 0 rg BT 326.57 258.80 Td (of ) Tj ET Q q 0 0 0 rg BT 337.69 258.80 Td (California, ) Tj ET Q q 0 0 0 rg BT 385.49 258.80 Td (Davis.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 237.80 Td (Gary ) Tj ET Q q 0 0 0 rg BT 97.47 237.80 Td (R. ) Tj ET Q q 0 0 0 rg BT 111.27 237.80 Td (Bugeaud) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.31 237.80 Td ( ) Tj ET Q q 0 0 0 rg BT 155.11 237.80 Td (was ) Tj ET Q q 0 0 0 rg BT 176.69 237.80 Td (appointed ) Tj ET Q q 0 0 0 rg BT 224.42 237.80 Td (to ) Tj ET Q q 0 0 0 rg BT 236.56 237.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.26 237.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 284.75 237.80 Td (on ) Tj ET Q q 0 0 0 rg BT 298.92 237.80 Td (August ) Tj ET Q q 0 0 0 rg BT 333.85 237.80 Td (22, ) Tj ET Q q 0 0 0 rg BT 351.55 237.80 Td (2018. ) Tj ET Q q 0 0 0 rg BT 380.37 237.80 Td (He ) Tj ET Q q 0 0 0 rg BT 396.96 237.80 Td (retired ) Tj ET Q q 0 0 0 rg BT 429.10 237.80 Td (\(December ) Tj ET Q q 0 0 0 rg BT 482.36 237.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 500.06 237.80 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 529.44 237.80 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 225.80 Td (Managing ) Tj ET Q q 0 0 0 rg BT 118.81 225.80 Td (Partner ) Tj ET Q q 0 0 0 rg BT 154.50 225.80 Td (of ) Tj ET Q q 0 0 0 rg BT 165.73 225.80 Td (Burnet, ) Tj ET Q q 0 0 0 rg BT 200.87 225.80 Td (Duckworth ) Tj ET Q q 0 0 0 rg BT 251.00 225.80 Td (& ) Tj ET Q q 0 0 0 rg BT 260.56 225.80 Td (Palmer ) Tj ET Q q 0 0 0 rg BT 295.13 225.80 Td (LLP) Tj ET Q q 0 0 0 rg BT 312.74 225.80 Td ( ) Tj ET Q q 0 0 0 rg BT 315.64 225.80 Td (and ) Tj ET Q q 0 0 0 rg BT 335.21 225.80 Td (is ) Tj ET Q q 0 0 0 rg BT 345.33 225.80 Td (now ) Tj ET Q q 0 0 0 rg BT 366.57 225.80 Td (a ) Tj ET Q q 0 0 0 rg BT 375.02 225.80 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 422.38 225.80 Td (Director) Tj ET Q q 0 0 0 rg BT 456.84 225.80 Td (. ) Tj ET Q q 0 0 0 rg BT 462.51 225.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 473.62 225.80 Td (. ) Tj ET Q q 0 0 0 rg BT 479.29 225.80 Td (Bugeaud ) Tj ET Q q 0 0 0 rg BT 522.22 225.80 Td (was ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 213.80 Td (a ) Tj ET Q q 0 0 0 rg BT 79.84 213.80 Td (director ) Tj ET Q q 0 0 0 rg BT 115.46 213.80 Td (of ) Tj ET Q q 0 0 0 rg BT 126.08 213.80 Td (Raging ) Tj ET Q q 0 0 0 rg BT 160.05 213.80 Td (River ) Tj ET Q q 0 0 0 rg BT 185.66 213.80 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 237.97 213.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 256.36 213.80 Td (from ) Tj ET Q q 0 0 0 rg BT 278.64 213.80 Td (January ) Tj ET Q q 0 0 0 rg BT 316.49 213.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 341.02 213.80 Td (until ) Tj ET Q q 0 0 0 rg BT 361.19 213.80 Td (August ) Tj ET Q q 0 0 0 rg BT 394.60 213.80 Td (2018. ) Tj ET Q q 0 0 0 rg BT 421.90 213.80 Td (He ) Tj ET Q q 0 0 0 rg BT 436.96 213.80 Td (is ) Tj ET Q q 0 0 0 rg BT 446.46 213.80 Td (a ) Tj ET Q q 0 0 0 rg BT 454.30 213.80 Td (director ) Tj ET Q q 0 0 0 rg BT 489.92 213.80 Td (of ) Tj ET Q q 0 0 0 rg BT 500.54 213.80 Td (Freehold ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 201.80 Td (Royalties ) Tj ET Q q 0 0 0 rg BT 116.17 201.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 135.90 201.80 Td (and ) Tj ET Q q 0 0 0 rg BT 155.63 201.80 Td (a ) Tj ET Q q 0 0 0 rg BT 164.24 201.80 Td (Member ) Tj ET Q q 0 0 0 rg BT 203.96 201.80 Td (of ) Tj ET Q q 0 0 0 rg BT 215.34 201.80 Td (the ) Tj ET Q q 0 0 0 rg BT 232.29 201.80 Td (Dean's ) Tj ET Q q 0 0 0 rg BT 265.54 201.80 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 306.93 201.80 Td (Committee ) Tj ET Q q 0 0 0 rg BT 358.32 201.80 Td (of ) Tj ET Q q 0 0 0 rg BT 369.71 201.80 Td (the ) Tj ET Q q 0 0 0 rg BT 386.66 201.80 Td (College ) Tj ET Q q 0 0 0 rg BT 423.61 201.80 Td (of ) Tj ET Q q 0 0 0 rg BT 435.00 201.80 Td (Law ) Tj ET Q q 0 0 0 rg BT 456.39 201.80 Td (of ) Tj ET Q q 0 0 0 rg BT 467.77 201.80 Td (the ) Tj ET Q q 0 0 0 rg BT 484.72 201.80 Td (University ) Tj ET Q q 0 0 0 rg BT 531.66 201.80 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 189.80 Td (Saskatchewan. ) Tj ET Q q 0 0 0 rg BT 141.83 189.80 Td (He ) Tj ET Q q 0 0 0 rg BT 156.63 189.80 Td (is ) Tj ET Q q 0 0 0 rg BT 165.87 189.80 Td (a ) Tj ET Q q 0 0 0 rg BT 173.44 189.80 Td (former ) Tj ET Q q 0 0 0 rg BT 204.35 189.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 248.61 189.80 Td (lawyer ) Tj ET Q q 0 0 0 rg BT 279.52 189.80 Td (with ) Tj ET Q q 0 0 0 rg BT 299.32 189.80 Td (over ) Tj ET Q q 0 0 0 rg BT 320.79 189.80 Td (23 ) Tj ET Q q 0 0 0 rg BT 333.92 189.80 Td (years ) Tj ET Q q 0 0 0 rg BT 360.39 189.80 Td (of ) Tj ET Q q 0 0 0 rg BT 370.75 189.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 393.89 189.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 444.82 189.80 Td (focused ) Tj ET Q q 0 0 0 rg BT 481.86 189.80 Td (on ) Tj ET Q q 0 0 0 rg BT 495.00 189.80 Td (securities, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 177.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 115.78 177.80 Td (finance, ) Tj ET Q q 0 0 0 rg BT 152.34 177.80 Td (mergers ) Tj ET Q q 0 0 0 rg BT 190.55 177.80 Td (and ) Tj ET Q q 0 0 0 rg BT 208.77 177.80 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 265.34 177.80 Td (and ) Tj ET Q q 0 0 0 rg BT 283.56 177.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 327.34 177.80 Td (governance ) Tj ET Q q 0 0 0 rg BT 381.14 177.80 Td (matters. ) Tj ET Q q 0 0 0 rg BT 418.79 177.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 429.90 177.80 Td (. ) Tj ET Q q 0 0 0 rg BT 434.21 177.80 Td (Bugeaud ) Tj ET Q q 0 0 0 rg BT 475.79 177.80 Td (has ) Tj ET Q q 0 0 0 rg BT 493.45 177.80 Td (a ) Tj ET Q q 0 0 0 rg BT 500.54 177.80 Td (Bachelor ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 165.80 Td (of ) Tj ET Q q 0 0 0 rg BT 83.34 165.80 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 135.24 165.80 Td (\(Finance\) ) Tj ET Q q 0 0 0 rg BT 180.48 165.80 Td (degree ) Tj ET Q q 0 0 0 rg BT 214.61 165.80 Td (and ) Tj ET Q q 0 0 0 rg BT 234.30 165.80 Td (a ) Tj ET Q q 0 0 0 rg BT 242.86 165.80 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 285.33 165.80 Td (of ) Tj ET Q q 0 0 0 rg BT 296.67 165.80 Td (Laws ) Tj ET Q q 0 0 0 rg BT 323.02 165.80 Td (degree ) Tj ET Q q 0 0 0 rg BT 357.16 165.80 Td (from ) Tj ET Q q 0 0 0 rg BT 380.16 165.80 Td (the ) Tj ET Q q 0 0 0 rg BT 397.06 165.80 Td (University ) Tj ET Q q 0 0 0 rg BT 443.96 165.80 Td (of ) Tj ET Q q 0 0 0 rg BT 455.30 165.80 Td (Saskatchewan. ) Tj ET Q q 0 0 0 rg BT 526.12 165.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 537.22 165.80 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 153.80 Td (Bugeaud ) Tj ET Q q 0 0 0 rg BT 114.82 153.80 Td (holds ) Tj ET Q q 0 0 0 rg BT 141.50 153.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.18 153.80 Td (ICD.D ) Tj ET Q q 0 0 0 rg BT 188.18 153.80 Td (designation ) Tj ET Q q 0 0 0 rg BT 242.11 153.80 Td (from ) Tj ET Q q 0 0 0 rg BT 264.89 153.80 Td (the ) Tj ET Q q 0 0 0 rg BT 281.57 153.80 Td (Institute ) Tj ET Q q 0 0 0 rg BT 319.37 153.80 Td (of ) Tj ET Q q 0 0 0 rg BT 330.49 153.80 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 377.73 153.80 Td (Directors.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 132.80 Td (Raymond ) Tj ET Q q 0 0 0 rg BT 116.88 132.80 Td (T) Tj ET Q q 0 0 0 rg BT 122.07 132.80 Td (. ) Tj ET Q q 0 0 0 rg BT 126.93 132.80 Td (Chan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 150.83 132.80 Td ( ) Tj ET Q q 0 0 0 rg BT 152.91 132.80 Td (joined ) Tj ET Q q 0 0 0 rg BT 181.68 132.80 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 214.33 132.80 Td (in ) Tj ET Q q 0 0 0 rg BT 224.19 132.80 Td (October ) Tj ET Q q 0 0 0 rg BT 261.85 132.80 Td (1998 ) Tj ET Q q 0 0 0 rg BT 286.17 132.80 Td (and ) Tj ET Q q 0 0 0 rg BT 304.94 132.80 Td (has ) Tj ET Q q 0 0 0 rg BT 323.14 132.80 Td (held ) Tj ET Q q 0 0 0 rg BT 344.12 132.80 Td (the ) Tj ET Q q 0 0 0 rg BT 360.10 132.80 Td (following ) Tj ET Q q 0 0 0 rg BT 401.10 132.80 Td (positions: ) Tj ET Q q 0 0 0 rg BT 445.42 132.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 476.41 132.80 Td (V) Tj ET Q q 0 0 0 rg BT 482.90 132.80 Td (ice ) Tj ET Q q 0 0 0 rg BT 497.76 132.80 Td (President ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 120.80 Td (and ) Tj ET Q q 0 0 0 rg BT 92.12 120.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 118.90 120.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 162.35 120.80 Td (Of) Tj ET Q q 0 0 0 rg BT 172.73 120.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 195.05 120.80 Td (\(October ) Tj ET Q q 0 0 0 rg BT 237.39 120.80 Td (1998 ) Tj ET Q q 0 0 0 rg BT 263.07 120.80 Td (to ) Tj ET Q q 0 0 0 rg BT 274.84 120.80 Td (55 ) Tj ET Q q 0 0 0 rg BT 288.71 120.80 Td (August ) Tj ET Q q 0 0 0 rg BT 323.28 120.80 Td (2003\); 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ET Q q 0 0 0 rg BT 424.74 547.75 Td (its ) Tj ET Q q 0 0 0 rg BT 437.59 547.75 Td (Human ) Tj ET Q q 0 0 0 rg BT 472.67 547.75 Td (Resources ) Tj ET Q q 0 0 0 rg BT 523.32 547.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 535.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 139.19 535.75 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 193.03 535.75 Td ( ) Tj ET Q q 0 0 0 rg BT 195.74 535.75 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 214.56 535.75 Td (Curran ) Tj ET Q q 0 0 0 rg BT 247.84 535.75 Td (holds ) Tj ET Q q 0 0 0 rg BT 274.46 535.75 Td (a ) Tj ET Q q 0 0 0 rg BT 282.73 535.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 324.91 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 335.42 535.75 Td (Arts ) Tj ET Q q 0 0 0 rg BT 355.91 535.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 389.76 535.75 Td (in ) Tj ET Q q 0 0 0 rg BT 400.26 535.75 Td (English ) Tj ET Q q 0 0 0 rg BT 435.77 535.75 Td (and ) Tj ET Q q 0 0 0 rg BT 455.17 535.75 Td (a ) Tj ET Q q 0 0 0 rg BT 463.44 535.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 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0 0 rg BT 168.16 511.75 Td (Directors. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (Naveen ) Tj ET Q q 0 0 0 rg BT 108.98 490.75 Td (Dargan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.78 490.75 Td ( ) Tj ET Q q 0 0 0 rg BT 144.29 490.75 Td (has ) Tj ET Q q 0 0 0 rg BT 162.93 490.75 Td (been ) Tj ET Q q 0 0 0 rg BT 187.69 490.75 Td (an ) Tj ET Q q 0 0 0 rg BT 201.33 490.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 258.89 490.75 Td (businessman ) Tj ET Q q 0 0 0 rg BT 320.33 490.75 Td (since ) Tj ET Q q 0 0 0 rg BT 346.19 490.75 Td (June ) Tj ET Q q 0 0 0 rg BT 370.38 490.75 Td (2003. ) Tj ET Q q 0 0 0 rg BT 397.92 490.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 421.55 490.75 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 457.97 490.75 Td (he ) Tj ET Q q 0 0 0 rg BT 471.61 490.75 Td (worked ) Tj ET Q q 0 0 0 rg BT 506.36 490.75 Td (for ) Tj ET Q q 0 0 0 rg BT 520.54 490.75 Td (over ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 478.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 85.62 478.75 Td (years ) Tj ET Q q 0 0 0 rg BT 112.57 478.75 Td (in ) Tj ET Q q 0 0 0 rg BT 122.86 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 139.26 478.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 190.11 478.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 227.64 478.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 272.38 478.75 Td (finishing ) Tj ET Q q 0 0 0 rg BT 311.57 478.75 Td (his ) Tj ET Q q 0 0 0 rg BT 326.85 478.75 Td (career ) Tj ET Q q 0 0 0 rg BT 357.70 478.75 Td (as ) Tj ET Q q 0 0 0 rg BT 370.76 478.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 402.16 478.75 Td (Managing ) Tj ET Q q 0 0 0 rg BT 448.58 478.75 Td (Director ) Tj ET Q q 0 0 0 rg BT 486.09 478.75 Td (and ) Tj ET Q q 0 0 0 rg BT 505.27 478.75 Td (Head ) Tj ET Q q 0 0 0 rg BT 531.68 478.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 466.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 106.09 466.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 157.41 466.75 Td (Banking ) Tj ET Q q 0 0 0 rg BT 195.95 466.75 Td (at ) Tj ET Q q 0 0 0 rg BT 206.70 466.75 Td (Raymond ) Tj ET Q q 0 0 0 rg BT 251.90 466.75 Td (James ) Tj ET Q q 0 0 0 rg BT 283.76 466.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 302.85 466.75 Td (Since ) Tj ET Q q 0 0 0 rg BT 330.27 466.75 Td (2003, ) Tj ET Q q 0 0 0 rg BT 357.70 466.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 368.81 466.75 Td (. ) Tj ET Q q 0 0 0 rg BT 374.00 466.75 Td (Dargan ) Tj ET Q q 0 0 0 rg BT 409.20 466.75 Td (has ) Tj ET Q q 0 0 0 rg BT 427.73 466.75 Td (served ) Tj ET Q q 0 0 0 rg BT 460.15 466.75 Td (on ) Tj ET Q q 0 0 0 rg BT 473.68 466.75 Td (various ) Tj ET Q q 0 0 0 rg BT 508.33 466.75 Td (Boards ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (for ) Tj ET Q q 0 0 0 rg BT 87.27 454.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 139.24 454.75 Td (in ) Tj ET Q q 0 0 0 rg BT 150.63 454.75 Td (the ) Tj ET Q q 0 0 0 rg BT 168.13 454.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 203.42 454.75 Td (Industry) Tj ET Q q 0 0 0 rg BT 238.25 454.75 Td (, ) Tj ET Q q 0 0 0 rg BT 244.63 454.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 279.92 454.75 Td (Services ) Tj ET Q q 0 0 0 rg BT 321.87 454.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 361.05 454.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.34 454.75 Td (one ) Tj ET Q q 0 0 0 rg BT 401.63 454.75 Td (Philanthropic ) Tj ET Q q 0 0 0 rg BT 463.04 454.75 Td (Organization. ) Tj ET Q q 0 0 0 rg BT 526.12 454.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 537.23 454.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (Dargan ) Tj ET Q q 0 0 0 rg BT 107.08 442.75 Td (holds ) Tj ET Q q 0 0 0 rg BT 133.27 442.75 Td (a ) Tj ET Q q 0 0 0 rg BT 141.11 442.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 182.86 442.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.03 442.75 Td (Arts ) Tj ET Q q 0 0 0 rg BT 213.09 442.75 Td (\(Honours\) ) Tj ET Q q 0 0 0 rg BT 259.83 442.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 293.25 442.75 Td (in ) Tj ET Q q 0 0 0 rg BT 303.31 442.75 Td (Mathematics ) Tj ET Q q 0 0 0 rg BT 362.28 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.25 442.75 Td (Economics ) Tj ET Q q 0 0 0 rg BT 432.43 442.75 Td (from ) Tj ET Q q 0 0 0 rg BT 454.72 442.75 Td (Queen) Tj ET Q q 0 0 0 rg BT 486.78 442.75 Td (s ) Tj ET Q q 0 0 0 rg BT 494.06 442.75 Td (University) Tj ET Q q 0 0 0 rg BT 537.22 442.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (a ) Tj ET Q q 0 0 0 rg BT 79.59 430.75 Td (Master ) Tj ET Q q 0 0 0 rg BT 112.17 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 122.54 430.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 164.74 430.75 Td (Administration ) Tj ET Q q 0 0 0 rg BT 230.12 430.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 263.29 430.75 Td (from ) Tj ET Q q 0 0 0 rg BT 285.31 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.24 430.75 Td (Schulich ) Tj ET Q q 0 0 0 rg BT 341.06 430.75 Td (School ) Tj ET Q q 0 0 0 rg BT 373.66 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.03 430.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 426.63 430.75 Td (and ) Tj ET Q q 0 0 0 rg BT 445.34 430.75 Td (a ) Tj ET Q q 0 0 0 rg BT 452.93 430.75 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 499.42 430.75 Td (Business ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 418.75 Td (V) Tj ET Q q 0 0 0 rg BT 77.93 418.75 Td (aluator ) Tj ET Q q 0 0 0 rg BT 111.28 418.75 Td (designation. ) Tj ET Q q 0 0 0 rg BT 167.99 418.75 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 397.75 Td (Gregory ) Tj ET Q q 0 0 0 rg BT 112.94 397.75 Td (K. ) Tj ET Q q 0 0 0 rg BT 127.21 397.75 Td (Melchin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 161.67 397.75 Td ( ) Tj ET Q q 0 0 0 rg BT 166.48 397.75 Td (is ) Tj ET Q q 0 0 0 rg BT 178.52 397.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 221.69 397.75 Td (the ) Tj ET Q q 0 0 0 rg BT 240.40 397.75 Td (Chairperson ) Tj ET Q q 0 0 0 rg BT 299.69 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 312.85 397.75 Td (the ) Tj ET Q q 0 0 0 rg BT 331.57 397.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 363.07 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.23 397.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 421.05 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 434.21 397.75 Td (ENMAX ) Tj ET Q q 0 0 0 rg BT 474.59 397.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 534.44 397.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 385.75 Td (municipally-owned ) Tj ET Q q 0 0 0 rg BT 156.29 385.75 Td (utility) Tj ET Q q 0 0 0 rg BT 178.33 385.75 Td (. ) Tj ET Q q 0 0 0 rg BT 183.14 385.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 194.25 385.75 Td (. ) Tj ET Q q 0 0 0 rg BT 199.06 385.75 Td (Melchin ) Tj ET Q q 0 0 0 rg BT 235.55 385.75 Td (was ) Tj ET Q q 0 0 0 rg BT 255.37 385.75 Td (a ) Tj ET Q q 0 0 0 rg BT 262.96 385.75 Td (member ) Tj ET Q q 0 0 0 rg BT 301.67 385.75 Td (of ) Tj ET Q q 0 0 0 rg BT 312.04 385.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.98 385.75 Td (Legislative ) Tj ET Q q 0 0 0 rg BT 376.85 385.75 Td (Assembly ) Tj ET Q q 0 0 0 rg BT 422.23 385.75 Td (of ) Tj ET Q q 0 0 0 rg BT 432.20 385.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 465.92 385.75 Td (from ) Tj ET Q q 0 0 0 rg BT 487.95 385.75 Td (March ) Tj ET Q q 0 0 0 rg BT 517.76 385.75 Td (1997 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 373.75 Td (to ) Tj ET Q q 0 0 0 rg BT 82.81 373.75 Td (March ) Tj ET Q q 0 0 0 rg BT 113.06 373.75 Td (2008. ) Tj ET Q q 0 0 0 rg BT 140.06 373.75 Td (Among ) Tj ET Q q 0 0 0 rg BT 174.22 373.75 Td (his ) Tj ET Q q 0 0 0 rg BT 189.47 373.75 Td (various ) Tj ET Q q 0 0 0 rg BT 224.18 373.75 Td (assignments ) Tj ET Q q 0 0 0 rg BT 282.78 373.75 Td (with ) Tj ET Q q 0 0 0 rg BT 303.04 373.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.41 373.75 Td (Government ) Tj ET Q q 0 0 0 rg BT 376.90 373.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.22 373.75 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 424.15 373.75 Td (he ) Tj ET Q q 0 0 0 rg BT 437.74 373.75 Td (was ) Tj ET Q q 0 0 0 rg BT 458.00 373.75 Td (Minister ) Tj ET Q q 0 0 0 rg BT 495.47 373.75 Td (of ) Tj ET Q q 0 0 0 rg BT 506.28 373.75 Td (Energy) Tj ET Q q 0 0 0 rg BT 537.22 373.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 361.75 Td (Minister ) Tj ET Q q 0 0 0 rg BT 108.57 361.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.47 361.75 Td (Seniors ) Tj ET Q q 0 0 0 rg BT 153.94 361.75 Td (and ) Tj ET Q q 0 0 0 rg BT 172.18 361.75 Td (Community ) Tj ET Q q 0 0 0 rg BT 224.31 361.75 Td (Supports ) Tj ET Q q 0 0 0 rg BT 265.90 361.75 Td (and ) Tj ET Q q 0 0 0 rg BT 284.14 361.75 Td (Minister ) Tj ET Q q 0 0 0 rg BT 320.71 361.75 Td (of ) Tj ET Q q 0 0 0 rg BT 330.61 361.75 Td (Revenue. ) Tj ET Q q 0 0 0 rg BT 374.98 361.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 397.65 361.75 Td (to ) Tj ET Q q 0 0 0 rg BT 407.55 361.75 Td (being ) Tj ET Q q 0 0 0 rg BT 433.58 361.75 Td (elected ) Tj ET Q q 0 0 0 rg BT 467.39 361.75 Td (to ) Tj ET Q q 0 0 0 rg BT 477.29 361.75 Td (the ) Tj ET Q q 0 0 0 rg BT 492.76 361.75 Td (Legislative ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 349.75 Td (Assembly ) Tj ET Q q 0 0 0 rg BT 119.40 349.75 Td (of ) Tj ET Q q 0 0 0 rg BT 130.99 349.75 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 169.50 349.75 Td (he ) Tj ET Q q 0 0 0 rg BT 184.68 349.75 Td (served ) Tj ET Q q 0 0 0 rg BT 218.75 349.75 Td (in ) Tj ET Q q 0 0 0 rg BT 230.59 349.75 Td (various ) Tj ET Q q 0 0 0 rg BT 266.88 349.75 Td (management ) Tj ET Q q 0 0 0 rg BT 329.30 349.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 372.82 349.75 Td (for ) Tj ET Q q 0 0 0 rg BT 388.54 349.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 403.72 349.75 Td (years ) Tj ET Q q 0 0 0 rg BT 432.23 349.75 Td (in ) Tj ET Q q 0 0 0 rg BT 444.06 349.75 Td (the ) Tj ET Q q 0 0 0 rg BT 462.02 349.75 Td (Calgary ) Tj ET Q q 0 0 0 rg BT 500.53 349.75 Td (business ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 337.75 Td (community) Tj ET Q q 0 0 0 rg BT 119.60 337.75 Td (. ) Tj ET Q q 0 0 0 rg BT 126.10 337.75 Td ( ) Tj ET Q q 0 0 0 rg BT 129.82 337.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 140.93 337.75 Td (. ) Tj ET Q q 0 0 0 rg BT 147.42 337.75 Td (Melchin ) Tj ET Q q 0 0 0 rg BT 185.60 337.75 Td (holds ) Tj ET Q q 0 0 0 rg BT 213.22 337.75 Td (a ) Tj ET Q q 0 0 0 rg BT 222.50 337.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 265.69 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.75 337.75 Td (Science ) Tj ET Q q 0 0 0 rg BT 317.04 337.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 351.90 337.75 Td (\(major ) Tj ET Q q 0 0 0 rg BT 383.95 337.75 Td (in ) Tj ET Q q 0 0 0 rg BT 395.45 337.75 Td (accounting\), ) Tj ET Q q 0 0 0 rg BT 453.65 337.75 Td (a ) Tj ET Q q 0 0 0 rg BT 462.93 337.75 Td (Fellow ) Tj ET Q q 0 0 0 rg BT 495.54 337.75 Td (Chartered ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 325.75 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 125.29 325.75 Td (designation ) Tj ET Q q 0 0 0 rg BT 179.70 325.75 Td (from ) Tj ET Q q 0 0 0 rg BT 202.96 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.12 325.75 Td (Institute ) Tj ET Q q 0 0 0 rg BT 258.40 325.75 Td (of ) Tj ET Q q 0 0 0 rg BT 270.00 325.75 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 317.08 325.75 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 375.37 325.75 Td (of ) Tj ET Q q 0 0 0 rg BT 386.32 325.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 421.27 325.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.21 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.37 325.75 Td (ICD.D ) Tj ET Q q 0 0 0 rg BT 488.85 325.75 Td (designation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 313.75 Td (from ) Tj ET Q q 0 0 0 rg BT 94.78 313.75 Td (the ) Tj ET Q q 0 0 0 rg BT 111.46 313.75 Td (Institute ) Tj ET Q q 0 0 0 rg BT 149.26 313.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.37 313.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 207.62 313.75 Td (Directors.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 292.75 Td (Kevin ) Tj ET Q q 0 0 0 rg BT 99.94 292.75 Td (D. ) Tj ET Q q 0 0 0 rg BT 112.86 292.75 Td (Olson ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.90 292.75 Td (was ) Tj ET Q q 0 0 0 rg BT 162.61 292.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 209.46 292.75 Td (to ) Tj ET Q q 0 0 0 rg BT 220.73 292.75 Td (the ) Tj ET Q q 0 0 0 rg BT 237.55 292.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 267.16 292.75 Td (on ) Tj ET Q q 0 0 0 rg BT 280.62 292.75 Td (August ) Tj ET Q q 0 0 0 rg BT 314.68 292.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 331.50 292.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 359.45 292.75 Td (He ) Tj ET Q q 0 0 0 rg BT 375.15 292.75 Td (has ) Tj ET Q q 0 0 0 rg BT 394.20 292.75 Td (25 ) Tj ET Q q 0 0 0 rg BT 408.24 292.75 Td (years ) Tj ET Q q 0 0 0 rg BT 435.62 292.75 Td (of ) Tj ET Q q 0 0 0 rg BT 446.88 292.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 498.72 292.75 Td (in ) Tj ET Q q 0 0 0 rg BT 509.43 292.75 Td (energy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 280.75 Td (investing, ) Tj ET Q q 0 0 0 rg BT 117.00 280.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 168.10 280.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 205.88 280.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.31 280.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.97 280.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 287.53 280.75 Td (upstream ) Tj ET Q q 0 0 0 rg BT 331.96 280.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 365.29 280.75 Td (industry) Tj ET Q q 0 0 0 rg BT 399.56 280.75 Td (. ) Tj ET Q q 0 0 0 rg BT 405.09 280.75 Td (He ) Tj ET Q q 0 0 0 rg BT 420.62 280.75 Td (is ) Tj ET Q q 0 0 0 rg BT 430.59 280.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 471.69 280.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.34 280.75 Td (President ) Tj ET Q q 0 0 0 rg BT 533.34 280.75 Td (& ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 268.75 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 111.63 268.75 Td (Manager ) Tj ET Q q 0 0 0 rg BT 154.04 268.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.32 268.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.83 268.75 Td (private ) Tj ET Q q 0 0 0 rg BT 206.79 268.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 258.09 268.75 Td (firm. ) Tj ET Q q 0 0 0 rg BT 280.47 268.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 291.58 268.75 Td (. ) Tj ET Q q 0 0 0 rg BT 297.30 268.75 Td (Olson ) Tj ET Q q 0 0 0 rg BT 326.37 268.75 Td (was ) Tj ET Q q 0 0 0 rg BT 347.09 268.75 Td (a ) Tj ET Q q 0 0 0 rg BT 355.60 268.75 Td (director ) Tj ET Q q 0 0 0 rg BT 391.89 268.75 Td (of ) Tj ET Q q 0 0 0 rg BT 403.17 268.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 437.80 268.75 Td (River ) Tj ET Q q 0 0 0 rg BT 464.08 268.75 Td (from ) Tj ET Q q 0 0 0 rg BT 487.03 268.75 Td (March ) Tj ET Q q 0 0 0 rg BT 517.75 268.75 Td (2012 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 256.75 Td (to ) Tj ET Q q 0 0 0 rg BT 82.49 256.75 Td (August ) Tj ET Q q 0 0 0 rg BT 116.30 256.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 144.00 256.75 Td ( ) Tj ET Q q 0 0 0 rg BT 146.68 256.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 170.47 256.75 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 207.06 256.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 218.16 256.75 Td (. ) Tj ET Q q 0 0 0 rg BT 223.62 256.75 Td (Olson ) Tj ET Q q 0 0 0 rg BT 252.42 256.75 Td (was ) Tj ET Q q 0 0 0 rg BT 272.88 256.75 Td (President ) Tj ET Q q 0 0 0 rg BT 317.81 256.75 Td (and ) Tj ET Q q 0 0 0 rg BT 337.17 256.75 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 376.53 256.75 Td (Manager ) Tj ET Q q 0 0 0 rg BT 418.68 256.75 Td (of ) Tj ET Q q 0 0 0 rg BT 429.69 256.75 Td (EnergyX ) Tj ET Q q 0 0 0 rg BT 470.73 256.75 Td (Equity ) Tj ET Q q 0 0 0 rg BT 501.20 256.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 519.99 256.75 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 244.75 Td (2001 ) Tj ET Q q 0 0 0 rg BT 96.20 244.75 Td (to ) Tj ET Q q 0 0 0 rg BT 106.48 244.75 Td (201) Tj ET Q q 0 0 0 rg BT 122.43 244.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 132.72 244.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 143.82 244.75 Td (. ) Tj ET Q q 0 0 0 rg BT 148.55 244.75 Td (Olson ) Tj ET Q q 0 0 0 rg BT 176.62 244.75 Td (was ) Tj 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196.75 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 175.75 Td (David ) Tj ET Q q 0 0 0 rg BT 100.97 175.75 Td (L. ) Tj ET Q q 0 0 0 rg BT 112.71 175.75 Td (Pearce) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.39 175.75 Td ( ) Tj ET Q q 0 0 0 rg BT 147.79 175.75 Td (was ) Tj ET Q q 0 0 0 rg BT 168.97 175.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 216.30 175.75 Td (to ) Tj ET Q q 0 0 0 rg BT 228.04 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 245.34 175.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 275.43 175.75 Td (on ) Tj ET Q q 0 0 0 rg BT 289.27 175.75 Td (August ) Tj ET Q q 0 0 0 rg BT 323.81 175.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 341.11 175.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 369.53 175.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 380.64 175.75 Td (. ) Tj ET Q q 0 0 0 rg BT 386.82 175.75 Td (Pearce ) Tj ET Q q 0 0 0 rg BT 421.90 175.75 Td (has ) Tj ET Q q 0 0 0 rg BT 441.42 175.75 Td (been ) Tj ET Q q 0 0 0 rg BT 467.07 175.75 Td (working ) Tj ET Q q 0 0 0 rg BT 504.93 175.75 Td (with ) Tj ET Q q 0 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0 0 rg BT 186.53 652.75 Td (He ) Tj ET Q q 0 0 0 rg BT 200.98 652.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 247.66 652.75 Td (held ) Tj ET Q q 0 0 0 rg BT 268.23 652.75 Td (a ) Tj ET Q q 0 0 0 rg BT 275.45 652.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 306.57 652.75 Td (of ) Tj ET Q q 0 0 0 rg BT 316.57 652.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 357.70 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.04 652.75 Td (management ) Tj ET Q q 0 0 0 rg BT 436.07 652.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 477.20 652.75 Td (with ) Tj ET Q q 0 0 0 rg BT 496.65 652.75 Td (Northrock ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 640.75 Td (Resources ) Tj ET Q q 0 0 0 rg BT 125.07 640.75 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 149.80 640.75 Td (Fletcher ) Tj ET Q q 0 0 0 rg BT 191.19 640.75 Td (Challenge ) Tj ET Q q 0 0 0 rg BT 241.50 640.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 278.46 640.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 318.76 640.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 341.88 640.75 Td (Amoco ) Tj ET Q q 0 0 0 rg BT 378.27 640.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 418.57 640.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 469.42 640.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 491.37 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 513.33 640.75 Td (Dome ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 628.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 120.46 628.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 140.03 628.75 Td ( ) Tj ET Q q 0 0 0 rg BT 142.92 628.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 154.03 628.75 Td (. ) Tj ET Q q 0 0 0 rg BT 159.70 628.75 Td (Ramsay ) Tj ET Q q 0 0 0 rg BT 199.26 628.75 Td (has ) Tj ET Q q 0 0 0 rg BT 218.27 628.75 Td (a ) Tj ET Q q 0 0 0 rg BT 226.72 628.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 269.08 628.75 Td (of ) Tj ET Q q 0 0 0 rg BT 280.30 628.75 Td (Science ) Tj ET Q q 0 0 0 rg BT 318.77 628.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 352.79 628.75 Td (with ) Tj ET Q q 0 0 0 rg BT 373.46 628.75 Td (Distinction ) Tj ET Q q 0 0 0 rg BT 422.48 628.75 Td (in ) Tj ET Q q 0 0 0 rg BT 433.15 628.75 Td (Mechanical ) Tj ET Q q 0 0 0 rg BT 486.62 628.75 Td (Engineering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (from ) Tj ET Q q 0 0 0 rg BT 93.76 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 109.43 616.75 Td (University ) Tj ET Q q 0 0 0 rg BT 155.09 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.19 616.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 232.00 616.75 Td (and ) Tj ET Q q 0 0 0 rg BT 250.44 616.75 Td (is ) Tj ET Q q 0 0 0 rg BT 259.43 616.75 Td (a ) Tj ET Q q 0 0 0 rg BT 266.75 616.75 Td (practicing ) Tj ET Q q 0 0 0 rg BT 311.32 616.75 Td (member ) Tj ET Q q 0 0 0 rg BT 349.75 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 359.86 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 375.17 616.75 Td (Association ) Tj ET Q q 0 0 0 rg BT 428.07 616.75 Td (of ) Tj ET Q q 0 0 0 rg BT 438.18 616.75 Td (Professional ) Tj ET Q q 0 0 0 rg BT 494.97 616.75 Td (Engineers ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 604.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 604.75 Td (Geoscientists ) Tj ET Q q 0 0 0 rg BT 154.27 604.75 Td (of ) Tj ET Q q 0 0 0 rg BT 164.83 604.75 Td (Alberta.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 583.75 Td (Rodney ) Tj ET Q q 0 0 0 rg BT 109.49 583.75 Td (D. ) Tj ET Q q 0 0 0 rg BT 122.52 583.75 Td (Gray) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.19 583.75 Td ( ) Tj ET Q q 0 0 0 rg BT 147.22 583.75 Td (was ) Tj ET Q q 0 0 0 rg BT 168.03 583.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 214.98 583.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 261.36 583.75 Td (V) Tj ET Q q 0 0 0 rg BT 267.85 583.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 283.66 583.75 Td (President ) Tj ET Q q 0 0 0 rg BT 328.94 583.75 Td (and ) Tj ET Q q 0 0 0 rg BT 348.65 583.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 375.02 583.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 418.06 583.75 Td (Of) Tj ET Q q 0 0 0 rg BT 428.44 583.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 450.36 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 461.72 583.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 495.32 583.75 Td (on ) Tj ET Q q 0 0 0 rg BT 508.87 583.75 Td (August ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 571.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 88.39 571.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 115.89 571.75 Td (He ) Tj ET Q q 0 0 0 rg BT 131.16 571.75 Td (joined ) Tj ET Q q 0 0 0 rg BT 160.33 571.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 193.39 571.75 Td (on ) Tj ET Q q 0 0 0 rg BT 206.50 571.75 Td (April ) Tj ET Q q 0 0 0 rg BT 228.99 571.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 239.82 571.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 264.55 571.75 Td (and ) Tj ET Q q 0 0 0 rg BT 283.71 571.75 Td (served ) Tj ET Q q 0 0 0 rg BT 316.21 571.75 Td (as ) Tj ET Q q 0 0 0 rg BT 329.26 571.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 355.09 571.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 397.59 571.75 Td (Of) Tj ET Q q 0 0 0 rg BT 407.97 571.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 429.34 571.75 Td (from ) Tj ET Q q 0 0 0 rg BT 451.33 571.75 Td (April ) Tj ET Q q 0 0 0 rg BT 473.82 571.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 498.55 571.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.88 571.75 Td (August ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 559.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 100.39 559.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 111.50 559.75 Td (. ) Tj ET Q q 0 0 0 rg BT 117.64 559.75 Td (Gray ) Tj ET Q q 0 0 0 rg BT 142.68 559.75 Td (has ) Tj ET Q q 0 0 0 rg BT 162.17 559.75 Td (over ) Tj ET Q q 0 0 0 rg BT 184.99 559.75 Td (twenty ) Tj ET Q q 0 0 0 rg BT 217.25 559.75 Td (years) Tj ET Q q 0 0 0 rg BT 243.56 559.75 Td ( ) Tj ET Q q 0 0 0 rg BT 246.92 559.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 299.21 559.75 Td (in ) Tj ET Q q 0 0 0 rg BT 310.36 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.63 559.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 341.00 559.75 Td (and ) Tj ET Q q 0 0 0 rg BT 361.05 559.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 380.53 559.75 Td (industry) Tj ET Q q 0 0 0 rg BT 414.81 559.75 Td (. ) Tj ET Q q 0 0 0 rg BT 420.95 559.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 445.43 559.75 Td (to ) Tj ET Q q 0 0 0 rg BT 457.14 559.75 Td (joining ) Tj ET Q q 0 0 0 rg BT 489.41 559.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 526.13 559.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 537.24 559.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (Gray ) Tj ET Q q 0 0 0 rg BT 95.97 547.75 Td (held ) Tj ET Q q 0 0 0 rg BT 117.18 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.38 547.75 Td (position ) Tj ET Q q 0 0 0 rg BT 170.15 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.80 547.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 206.44 547.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.77 547.75 Td (Of) Tj ET Q q 0 0 0 rg BT 259.14 547.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 280.33 547.75 Td (for ) Tj ET Q q 0 0 0 rg BT 294.31 547.75 Td (CEDA) Tj ET Q q 0 0 0 rg BT 321.54 547.75 Td ( ) Tj ET Q q 0 0 0 rg BT 323.84 547.75 Td (International. ) Tj ET Q q 0 0 0 rg BT 383.96 547.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 407.38 547.75 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 443.59 547.75 Td (he ) Tj ET Q q 0 0 0 rg BT 457.01 547.75 Td (spent ) Tj ET Q q 0 0 0 rg BT 483.78 547.75 Td (eleven ) Tj ET Q q 0 0 0 rg BT 515.55 547.75 Td (years ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 535.75 Td (with ) Tj ET Q q 0 0 0 rg BT 92.39 535.75 Td (Enerplus ) Tj ET Q q 0 0 0 rg BT 134.46 535.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 192.09 535.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.60 535.75 Td (last ) Tj ET Q q 0 0 0 rg BT 226.77 535.75 Td (eight ) Tj ET Q q 0 0 0 rg BT 251.05 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.00 535.75 Td (which ) Tj ET Q q 0 0 0 rg BT 290.17 535.75 Td (as ) Tj ET Q q 0 0 0 rg BT 303.34 535.75 Td (V) Tj ET Q q 0 0 0 rg BT 309.83 535.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 325.21 535.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 372.84 535.75 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 413.80 535.75 Td (where ) Tj ET Q q 0 0 0 rg BT 443.64 535.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 471.26 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 482.21 535.75 Td (responsibility ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 523.75 Td (included ) Tj ET Q q 0 0 0 rg BT 112.13 523.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 157.25 523.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 202.38 523.75 Td (treasury ) Tj ET Q q 0 0 0 rg BT 241.38 523.75 Td (and ) Tj ET Q q 0 0 0 rg BT 260.94 523.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 292.72 523.75 Td (markets, ) Tj ET Q q 0 0 0 rg BT 333.94 523.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 386.30 523.75 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 440.32 523.75 Td (business ) Tj ET Q q 0 0 0 rg BT 482.67 523.75 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 524.45 523.75 Td (risk ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 511.75 Td (management ) Tj ET Q q 0 0 0 rg BT 132.92 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 152.16 511.75 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 200.85 511.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 211.96 511.75 Td (. ) Tj ET Q q 0 0 0 rg BT 217.29 511.75 Td (Gray ) Tj ET Q q 0 0 0 rg BT 241.51 511.75 Td (is ) Tj ET Q q 0 0 0 rg BT 251.28 511.75 Td (a ) Tj ET Q q 0 0 0 rg BT 259.39 511.75 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 305.91 511.75 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 358.49 511.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.73 511.75 Td (has ) Tj ET Q q 0 0 0 rg BT 396.40 511.75 Td (a ) Tj ET Q q 0 0 0 rg BT 404.52 511.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 446.54 511.75 Td (of ) Tj ET Q q 0 0 0 rg BT 457.43 511.75 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 508.88 511.75 Td (degree ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 499.75 Td (with ) Tj ET Q q 0 0 0 rg BT 92.04 499.75 Td (Honours ) Tj ET Q q 0 0 0 rg BT 132.09 499.75 Td (from ) Tj ET Q q 0 0 0 rg BT 154.35 499.75 Td (Queen's ) Tj ET Q q 0 0 0 rg BT 193.54 499.75 Td (University) Tj ET Q q 0 0 0 rg BT 236.69 499.75 Td (. ) Tj ET Q q 0 0 0 rg BT 241.73 499.75 Td (He ) Tj ET Q q 0 0 0 rg BT 256.77 499.75 Td (is ) Tj ET Q q 0 0 0 rg BT 266.24 499.75 Td (very ) Tj ET Q q 0 0 0 rg BT 287.39 499.75 Td (active ) Tj ET Q q 0 0 0 rg BT 315.77 499.75 Td (in ) Tj ET Q q 0 0 0 rg BT 325.81 499.75 Td (the ) Tj ET Q q 0 0 0 rg BT 341.97 499.75 Td (community ) Tj ET Q q 0 0 0 rg BT 392.57 499.75 Td (having ) Tj ET Q q 0 0 0 rg BT 424.29 499.75 Td (been ) Tj ET Q q 0 0 0 rg BT 448.79 499.75 Td (involved ) Tj ET Q q 0 0 0 rg BT 487.74 499.75 Td (with ) Tj ET Q q 0 0 0 rg BT 507.78 499.75 Td (several ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 487.75 Td (charitable ) Tj ET Q q 0 0 0 rg BT 118.14 487.75 Td (organizations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 466.75 Td (Jason ) Tj ET Q q 0 0 0 rg BT 101.67 466.75 Td (J. ) Tj ET Q q 0 0 0 rg BT 112.43 466.75 Td (Jaskela) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.34 466.75 Td ( ) Tj ET Q q 0 0 0 rg BT 149.33 466.75 Td (joined ) Tj ET Q q 0 0 0 rg BT 179.00 466.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 212.56 466.75 Td (as ) Tj ET Q q 0 0 0 rg BT 226.11 466.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 272.45 466.75 Td (V) Tj ET Q q 0 0 0 rg BT 278.94 466.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 294.71 466.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 342.72 466.75 Td (Shale ) Tj ET Q q 0 0 0 rg BT 371.28 466.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 386.48 466.75 Td (on ) Tj ET Q q 0 0 0 rg BT 400.00 466.75 Td (August ) Tj ET Q q 0 0 0 rg BT 434.12 466.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 451.01 466.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 479.02 466.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 490.13 466.75 Td (. ) Tj ET Q q 0 0 0 rg BT 495.89 466.75 Td (Jaskela ) Tj ET Q q 0 0 0 rg BT 532.78 466.75 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (a ) Tj ET Q q 0 0 0 rg BT 80.43 454.75 Td (professional ) Tj ET Q q 0 0 0 rg BT 137.22 454.75 Td (engineer ) Tj ET Q q 0 0 0 rg BT 179.02 454.75 Td (with ) Tj ET Q q 0 0 0 rg BT 199.67 454.75 Td (19 ) Tj ET Q q 0 0 0 rg BT 213.66 454.75 Td (years ) Tj ET Q q 0 0 0 rg BT 240.99 454.75 Td (of ) Tj ET Q q 0 0 0 rg BT 252.20 454.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 290.08 454.75 Td (experience. ) Tj ET Q q 0 0 0 rg BT 344.65 454.75 Td (Previously) Tj ET Q q 0 0 0 rg BT 390.04 454.75 Td (, ) Tj ET Q q 0 0 0 rg BT 395.69 454.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 406.79 454.75 Td (. ) Tj ET Q q 0 0 0 rg BT 412.44 454.75 Td (Jaskela ) Tj ET Q q 0 0 0 rg BT 449.22 454.75 Td (was ) Tj ET Q q 0 0 0 rg BT 469.87 454.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 496.09 454.75 Td (Operating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (Of) Tj ET Q q 0 0 0 rg BT 82.38 442.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 102.84 442.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.74 442.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 146.00 442.75 Td (River ) Tj ET Q q 0 0 0 rg BT 170.91 442.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 222.50 442.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 240.19 442.75 Td (from ) Tj ET Q q 0 0 0 rg BT 261.76 442.75 Td (March ) Tj ET Q q 0 0 0 rg BT 291.11 442.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 314.92 442.75 Td (until ) Tj ET Q q 0 0 0 rg BT 334.53 442.75 Td (August ) Tj ET Q q 0 0 0 rg BT 367.23 442.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 391.04 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 409.29 442.75 Td (the ) Tj ET Q q 0 0 0 rg BT 424.76 442.75 Td (V) Tj ET Q q 0 0 0 rg BT 431.25 442.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 445.60 442.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 492.20 442.75 Td (Production ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (from ) Tj ET Q q 0 0 0 rg BT 96.10 430.75 Td (March ) Tj ET Q q 0 0 0 rg BT 127.98 430.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 154.33 430.75 Td (until ) Tj ET Q q 0 0 0 rg BT 176.77 430.75 Td (March ) Tj ET Q q 0 0 0 rg BT 208.66 430.75 Td (2014. ) Tj ET Q q 0 0 0 rg BT 237.78 430.75 Td (From ) Tj ET Q q 0 0 0 rg BT 265.21 430.75 Td (October ) Tj ET Q q 0 0 0 rg BT 304.88 430.75 Td (2009 ) Tj ET Q q 0 0 0 rg BT 331.23 430.75 Td (to ) Tj ET Q q 0 0 0 rg BT 342.85 430.75 Td (April ) Tj ET Q q 0 0 0 rg BT 366.96 430.75 Td (2010 ) Tj ET Q q 0 0 0 rg BT 393.30 430.75 Td (he ) Tj ET Q q 0 0 0 rg BT 408.52 430.75 Td (held ) Tj ET Q q 0 0 0 rg BT 431.53 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 449.53 430.75 Td (position ) Tj ET Q q 0 0 0 rg BT 488.10 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 500.54 430.75 Td (Manager ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 418.75 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 127.94 418.75 Td (with ) Tj ET Q q 0 0 0 rg BT 148.29 418.75 Td (Wild ) Tj ET Q q 0 0 0 rg BT 170.29 418.75 Td (Stream ) Tj ET Q q 0 0 0 rg BT 205.09 418.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 257.68 418.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 276.36 418.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.61 418.75 Td (was ) Tj ET Q q 0 0 0 rg BT 315.96 418.75 Td (the ) Tj ET Q q 0 0 0 rg BT 332.42 418.75 Td (V) Tj ET Q q 0 0 0 rg BT 338.91 418.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 354.26 418.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 401.85 418.75 Td (Production ) Tj ET Q q 0 0 0 rg BT 452.22 418.75 Td (from ) Tj ET Q q 0 0 0 rg BT 474.28 418.75 Td (April ) Tj ET Q q 0 0 0 rg BT 496.84 418.75 Td (2010 ) Tj ET Q q 0 0 0 rg BT 521.65 418.75 Td (until ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 406.75 Td (March ) Tj ET Q q 0 0 0 rg BT 102.27 406.75 Td (2012. ) Tj ET Q q 0 0 0 rg BT 129.77 406.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 153.37 406.75 Td (to ) Tj ET Q q 0 0 0 rg BT 164.19 406.75 Td (Wild ) Tj ET Q q 0 0 0 rg BT 186.12 406.75 Td (Stream, ) Tj ET Q q 0 0 0 rg BT 223.61 406.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 234.72 406.75 Td (. ) Tj ET Q q 0 0 0 rg BT 239.98 406.75 Td (Jaskela ) Tj ET Q q 0 0 0 rg BT 276.37 406.75 Td (held ) Tj ET Q q 0 0 0 rg BT 297.75 406.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 327.47 406.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 382.22 406.75 Td (roles ) Tj ET Q q 0 0 0 rg BT 406.38 406.75 Td (with ) Tj ET Q q 0 0 0 rg BT 426.64 406.75 Td (Encana ) Tj ET Q q 0 0 0 rg BT 463.04 406.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 517.78 406.75 Td (\(May ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 394.75 Td (2000 ) Tj ET Q q 0 0 0 rg BT 97.90 394.75 Td (to ) Tj ET Q q 0 0 0 rg BT 109.90 394.75 Td (May ) Tj ET Q q 0 0 0 rg BT 132.45 394.75 Td (2006\) ) Tj ET Q q 0 0 0 rg BT 161.69 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 182.03 394.75 Td (Mahalo ) Tj ET Q q 0 0 0 rg BT 218.49 394.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 253.83 394.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 274.17 394.75 Td (\(May ) Tj ET Q q 0 0 0 rg BT 300.05 394.75 Td (2006 ) Tj ET Q q 0 0 0 rg BT 325.96 394.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.95 394.75 Td (October ) Tj ET Q q 0 0 0 rg BT 377.18 394.75 Td (2009\). ) Tj ET Q q 0 0 0 rg BT 409.20 394.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 420.31 394.75 Td (. ) Tj ET Q q 0 0 0 rg BT 426.74 394.75 Td (Jaskela ) Tj ET Q q 0 0 0 rg BT 464.31 394.75 Td (graduated ) Tj ET Q q 0 0 0 rg BT 513.00 394.75 Td (with ) Tj ET Q q 0 0 0 rg BT 534.45 394.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 382.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 114.25 382.75 Td (of ) Tj ET Q q 0 0 0 rg BT 125.36 382.75 Td (Science ) Tj ET Q q 0 0 0 rg BT 163.72 382.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 197.63 382.75 Td (in ) Tj ET Q q 0 0 0 rg BT 208.20 382.75 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 264.35 382.75 Td (in ) Tj ET Q q 0 0 0 rg BT 274.91 382.75 Td (2000.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 361.75 Td (Kendall ) Tj ET Q q 0 0 0 rg BT 108.62 361.75 Td (D. ) Tj ET Q q 0 0 0 rg BT 121.44 361.75 Td (Arthur) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 148.67 361.75 Td ( ) Tj ET Q q 0 0 0 rg BT 151.93 361.75 Td (was ) Tj ET Q q 0 0 0 rg BT 172.97 361.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 220.16 361.75 Td (V) Tj ET Q q 0 0 0 rg BT 226.65 361.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 242.69 361.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 290.97 361.75 Td (Lloydminster ) Tj ET Q q 0 0 0 rg BT 350.91 361.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 394.75 361.75 Td (Unit ) Tj ET Q q 0 0 0 rg BT 415.79 361.75 Td (of ) Tj ET Q q 0 0 0 rg BT 427.39 361.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 461.21 361.75 Td (on ) Tj ET Q q 0 0 0 rg BT 475.59 361.75 Td (March4, ) Tj ET Q q 0 0 0 rg BT 517.75 361.75 Td (2015 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 349.75 Td (and ) Tj ET Q q 0 0 0 rg BT 90.51 349.75 Td (became ) Tj ET Q q 0 0 0 rg BT 127.91 349.75 Td (V) Tj ET Q q 0 0 0 rg BT 134.40 349.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 149.00 349.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 195.85 349.75 Td (Lloydminster ) Tj ET Q q 0 0 0 rg BT 254.36 349.75 Td (and ) Tj ET Q q 0 0 0 rg BT 272.87 349.75 Td (Conventional ) Tj ET Q q 0 0 0 rg BT 333.07 349.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 375.47 349.75 Td (Units ) Tj ET Q q 0 0 0 rg BT 400.07 349.75 Td (on ) Tj ET Q q 0 0 0 rg BT 413.02 349.75 Td (February ) Tj ET Q q 0 0 0 rg BT 454.86 349.75 Td (20, ) Tj ET Q q 0 0 0 rg BT 470.58 349.75 Td (2017. ) Tj ET Q q 0 0 0 rg BT 497.43 349.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 508.54 349.75 Td (. ) Tj ET Q q 0 0 0 rg BT 512.78 349.75 Td (Arthur ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 337.75 Td (has ) Tj ET Q q 0 0 0 rg BT 90.76 337.75 Td (over ) Tj ET Q q 0 0 0 rg BT 112.85 337.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 126.62 337.75 Td (years ) Tj ET Q q 0 0 0 rg BT 153.71 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 164.69 337.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 216.25 337.75 Td (in ) Tj ET Q q 0 0 0 rg BT 226.67 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.21 337.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 288.66 337.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 301.30 337.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.63 337.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 339.39 337.75 Td (industry) Tj ET Q q 0 0 0 rg BT 373.66 337.75 Td (. ) Tj ET Q q 0 0 0 rg BT 381.85 337.75 Td (He ) Tj ET Q q 0 0 0 rg BT 397.28 337.75 Td (joined ) Tj ET Q q 0 0 0 rg BT 426.60 337.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 459.81 337.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 494.14 337.75 Td (in ) Tj ET Q q 0 0 0 rg BT 504.56 337.75 Td (2006 ) Tj ET Q q 0 0 0 rg BT 529.44 337.75 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 325.75 Td (a ) Tj ET Q q 0 0 0 rg BT 79.58 325.75 Td (Production ) Tj ET Q q 0 0 0 rg BT 129.41 325.75 Td (Engineer ) Tj ET Q q 0 0 0 rg BT 171.47 325.75 Td (in ) Tj ET Q q 0 0 0 rg BT 181.27 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.20 325.75 Td (Heavy ) Tj ET Q q 0 0 0 rg BT 227.56 325.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 241.81 325.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 284.41 325.75 Td (Unit ) Tj ET Q q 0 0 0 rg BT 304.21 325.75 Td (and ) Tj ET Q q 0 0 0 rg BT 322.92 325.75 Td (held ) Tj ET Q q 0 0 0 rg BT 343.85 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.77 325.75 Td (position ) Tj ET Q q 0 0 0 rg BT 396.26 325.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.62 325.75 Td (V) Tj ET Q q 0 0 0 rg BT 413.11 325.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 427.92 325.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 474.96 325.75 Td (Saskatchewan ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 313.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 117.88 313.75 Td (Unit ) Tj ET Q q 0 0 0 rg BT 140.96 313.75 Td (from ) Tj ET Q q 0 0 0 rg BT 166.26 313.75 Td (January2012 ) Tj ET Q q 0 0 0 rg BT 232.16 313.75 Td (to ) Tj ET Q q 0 0 0 rg BT 245.80 313.75 Td (March2015. ) Tj ET Q q 0 0 0 rg BT 309.46 313.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 335.87 313.75 Td (to ) Tj ET Q q 0 0 0 rg BT 349.51 313.75 Td (joining ) Tj ET Q q 0 0 0 rg BT 383.72 313.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 422.37 313.75 Td (he ) Tj ET Q q 0 0 0 rg BT 438.79 313.75 Td (held ) Tj ET Q q 0 0 0 rg BT 463.00 313.75 Td (various ) Tj ET Q q 0 0 0 rg BT 500.53 313.75 Td (technical ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 301.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 123.66 301.75 Td (completions ) Tj ET Q q 0 0 0 rg BT 179.21 301.75 Td (and ) Tj ET Q q 0 0 0 rg BT 198.08 301.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 246.97 301.75 Td (roles ) Tj ET Q q 0 0 0 rg BT 270.83 301.75 Td (with ) Tj ET Q q 0 0 0 rg BT 290.80 301.75 Td (Husky ) Tj ET Q q 0 0 0 rg BT 320.77 301.75 Td (Energy) Tj ET Q q 0 0 0 rg BT 351.71 301.75 Td (. ) Tj ET Q q 0 0 0 rg BT 359.46 301.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 370.57 301.75 Td (. ) Tj ET Q q 0 0 0 rg BT 375.10 301.75 Td (Arthur ) Tj ET Q q 0 0 0 rg BT 404.51 301.75 Td (received ) Tj ET Q q 0 0 0 rg BT 444.50 301.75 Td (a ) Tj ET Q q 0 0 0 rg BT 452.25 301.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 493.90 301.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.43 301.75 Td (Science ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 289.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 105.99 289.75 Td (in ) Tj ET Q q 0 0 0 rg BT 116.62 289.75 Td (Mechanical ) Tj ET Q q 0 0 0 rg BT 170.06 289.75 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 226.28 289.75 Td (from ) Tj ET Q q 0 0 0 rg BT 249.13 289.75 Td (the ) Tj ET Q q 0 0 0 rg BT 265.89 289.75 Td (University ) Tj ET Q q 0 0 0 rg BT 312.63 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 323.83 289.75 Td (Saskatchewan ) Tj ET Q q 0 0 0 rg BT 391.72 289.75 Td (and ) Tj ET Q q 0 0 0 rg BT 411.25 289.75 Td (is ) Tj ET Q q 0 0 0 rg BT 421.33 289.75 Td (a ) Tj ET Q q 0 0 0 rg BT 429.74 289.75 Td (practicing ) Tj ET Q q 0 0 0 rg BT 475.39 289.75 Td (member ) Tj ET Q q 0 0 0 rg BT 514.92 289.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 289.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 277.75 Td (Association ) Tj ET Q q 0 0 0 rg BT 125.92 277.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.03 277.75 Td (Professional ) Tj ET Q q 0 0 0 rg BT 194.84 277.75 Td (Engineers, ) Tj ET Q q 0 0 0 rg BT 245.43 277.75 Td (Geologists ) Tj ET Q q 0 0 0 rg BT 295.45 277.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.92 277.75 Td (Geophysicists ) Tj ET Q q 0 0 0 rg BT 379.94 277.75 Td (of ) Tj ET Q q 0 0 0 rg BT 390.51 277.75 Td (Alberta.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 256.75 Td (Brian ) Tj ET Q q 0 0 0 rg BT 98.71 256.75 Td (G. ) Tj ET Q q 0 0 0 rg BT 112.63 256.75 Td (Ector) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.97 256.75 Td ( ) Tj ET Q q 0 0 0 rg BT 139.34 256.75 Td (is ) Tj ET Q q 0 0 0 rg BT 149.93 256.75 Td (V) Tj ET Q q 0 0 0 rg BT 156.42 256.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 172.56 256.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 220.95 256.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 255.45 256.75 Td (Markets ) Tj ET Q q 0 0 0 rg BT 294.38 256.75 Td (of ) Tj ET Q q 0 0 0 rg BT 306.08 256.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 340.02 256.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.07 256.75 Td (is ) Tj ET Q q 0 0 0 rg BT 370.66 256.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 425.16 256.75 Td (for ) Tj ET Q q 0 0 0 rg BT 440.20 256.75 Td (Baytex's ) Tj ET Q q 0 0 0 rg BT 481.05 256.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 511.10 256.75 Td (capital ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 244.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 110.60 244.75 Td (and ) Tj ET Q q 0 0 0 rg BT 130.32 244.75 Td (investor ) Tj ET Q q 0 0 0 rg BT 168.37 244.75 Td (relations ) Tj ET Q q 0 0 0 rg BT 209.21 244.75 Td (functions. ) Tj ET Q q 0 0 0 rg BT 255.05 244.75 Td (He ) Tj ET Q q 0 0 0 rg BT 270.87 244.75 Td (joined ) Tj ET Q q 0 0 0 rg BT 300.60 244.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 334.21 244.75 Td (in ) Tj ET Q q 0 0 0 rg BT 345.03 244.75 Td (November ) Tj ET Q q 0 0 0 rg BT 394.19 244.75 Td (2009. ) Tj ET Q q 0 0 0 rg BT 422.25 244.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 446.41 244.75 Td (to ) Tj ET Q q 0 0 0 rg BT 457.78 244.75 Td (joining ) Tj ET Q q 0 0 0 rg BT 489.73 244.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 526.12 244.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 537.23 244.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 232.75 Td (Ector ) Tj ET Q q 0 0 0 rg BT 99.78 232.75 Td (spent ) Tj ET Q q 0 0 0 rg BT 128.69 232.75 Td (15 ) Tj ET Q q 0 0 0 rg BT 144.26 232.75 Td (years ) Tj ET Q q 0 0 0 rg BT 173.15 232.75 Td (as ) Tj ET Q q 0 0 0 rg BT 188.16 232.75 Td (a ) Tj ET Q q 0 0 0 rg BT 198.16 232.75 Td (sell-side ) Tj ET Q q 0 0 0 rg BT 239.29 232.75 Td (research ) Tj ET Q q 0 0 0 rg BT 282.63 232.75 Td (analyst ) Tj ET Q q 0 0 0 rg BT 318.76 232.75 Td (covering ) Tj ET Q q 0 0 0 rg BT 361.00 232.75 Td (both ) Tj ET Q q 0 0 0 rg BT 384.91 232.75 Td (energy ) Tj ET Q q 0 0 0 rg BT 419.93 232.75 Td (trusts ) Tj ET Q q 0 0 0 rg BT 448.82 232.75 Td (and ) Tj ET Q q 0 0 0 rg BT 469.95 232.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 523.31 232.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 220.75 Td (production ) Tj ET Q q 0 0 0 rg BT 120.70 220.75 Td (corporations. ) Tj ET Q q 0 0 0 rg BT 180.50 220.75 Td (He ) Tj ET Q q 0 0 0 rg BT 195.28 220.75 Td (spent ) Tj ET Q q 0 0 0 rg BT 221.75 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 237.64 220.75 Td (last ) Tj ET Q q 0 0 0 rg BT 255.20 220.75 Td (seven ) Tj ET Q q 0 0 0 rg BT 283.89 220.75 Td (years ) Tj ET Q q 0 0 0 rg BT 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BT 507.21 196.75 Td (Analyst ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (designation ) Tj ET Q q 0 0 0 rg BT 125.83 184.75 Td (in ) Tj ET Q q 0 0 0 rg BT 136.29 184.75 Td (1996. ) Tj ET Q q 0 0 0 rg BT 163.99 184.75 Td (He ) Tj ET Q q 0 0 0 rg BT 179.45 184.75 Td (is ) Tj ET Q q 0 0 0 rg BT 189.35 184.75 Td (a ) Tj ET Q q 0 0 0 rg BT 197.59 184.75 Td (national ) Tj ET Q q 0 0 0 rg BT 235.30 184.75 Td (board ) Tj ET Q q 0 0 0 rg BT 263.55 184.75 Td (member ) Tj ET Q q 0 0 0 rg BT 302.91 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 313.92 184.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.50 184.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 375.99 184.75 Td (Investor ) Tj ET Q q 0 0 0 rg BT 414.24 184.75 Td (Relations ) Tj ET Q q 0 0 0 rg BT 458.61 184.75 Td (Institute ) Tj ET Q q 0 0 0 rg BT 496.31 184.75 Td (as ) Tj ET Q q 0 0 0 rg BT 509.55 184.75 Td (well ) Tj ET Q q 0 0 0 rg BT 529.45 184.75 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 172.75 Td (a ) Tj ET Q q 0 0 0 rg BT 80.34 172.75 Td (member ) Tj ET Q q 0 0 0 rg BT 119.79 172.75 Td (of ) Tj ET Q q 0 0 0 rg BT 130.91 172.75 Td (the ) Tj ET Q q 0 0 0 rg BT 147.59 172.75 Td (National ) Tj ET Q q 0 0 0 rg BT 187.06 172.75 Td (Investor ) Tj ET Q q 0 0 0 rg BT 225.41 172.75 Td (Relations ) Tj ET Q q 0 0 0 rg BT 269.88 172.75 Td (Institute, ) Tj ET Q q 0 0 0 rg BT 310.45 172.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.13 172.75 Td (CF) Tj ET Q q 0 0 0 rg BT 339.91 172.75 Td (A) Tj ET Q q 0 0 0 rg BT 346.03 172.75 Td ( ) Tj ET Q q 0 0 0 rg BT 348.81 172.75 Td (Institute ) Tj ET Q q 0 0 0 rg BT 386.60 172.75 Td (and ) Tj ET Q q 0 0 0 rg BT 406.07 172.75 Td (the ) Tj ET Q q 0 0 0 rg BT 422.75 172.75 Td (Calgary ) Tj ET Q q 0 0 0 rg BT 459.98 172.75 Td (CF) Tj ET Q q 0 0 0 rg BT 472.76 172.75 Td (A) Tj ET Q q 0 0 0 rg BT 478.88 172.75 Td ( ) Tj ET Q q 0 0 0 rg BT 481.66 172.75 Td (Society) Tj ET Q q 0 0 0 rg BT 513.71 172.75 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 151.75 Td (Jonathan ) Tj ET Q q 0 0 0 rg BT 116.05 151.75 Td (L. ) Tj ET Q q 0 0 0 rg BT 127.29 151.75 Td (Grimwood) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 172.86 151.75 Td ( ) Tj ET Q q 0 0 0 rg BT 175.76 151.75 Td (joined ) Tj ET Q q 0 0 0 rg BT 205.36 151.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 238.83 151.75 Td (as ) Tj ET Q q 0 0 0 rg BT 252.30 151.75 Td (V) Tj ET Q q 0 0 0 rg BT 258.79 151.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 274.47 151.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 322.40 151.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 375.33 151.75 Td (on ) Tj ET Q q 0 0 0 rg BT 388.78 151.75 Td (August ) Tj ET Q q 0 0 0 rg BT 422.82 151.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 439.62 151.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 467.55 151.75 Td (He ) Tj ET Q q 0 0 0 rg BT 483.24 151.75 Td (was ) Tj ET Q q 0 0 0 rg BT 503.92 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 520.73 151.75 Td (V) Tj ET Q q 0 0 0 rg BT 527.22 151.75 Td (ice ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 139.75 Td (President ) Tj ET Q q 0 0 0 rg BT 116.69 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 127.46 139.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 179.93 139.75 Td (at ) Tj ET Q q 0 0 0 rg BT 190.71 139.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 224.84 139.75 Td (River ) Tj ET Q q 0 0 0 rg BT 250.61 139.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 303.08 139.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 321.64 139.75 Td (from ) Tj ET Q q 0 0 0 rg BT 344.08 139.75 Td (October ) Tj ET Q q 0 0 0 rg BT 382.09 139.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 406.77 139.75 Td (to ) Tj ET Q q 0 0 0 rg BT 417.07 139.75 Td (August ) Tj ET Q q 0 0 0 rg BT 450.64 139.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 478.10 139.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 489.21 139.75 Td (. ) Tj ET Q q 0 0 0 rg BT 494.43 139.75 Td (Grimwood ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 127.75 Td (served ) Tj ET Q q 0 0 0 rg BT 105.26 127.75 Td (as ) Tj ET Q q 0 0 0 rg BT 119.06 127.75 Td (the ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 428.97 91.75 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 451.35 91.75 Td (and ) Tj ET Q q 0 0 0 rg BT 470.95 91.75 Td (Galleon ) Tj ET Q q 0 0 0 rg BT 508.33 91.75 Td (Energy ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I71 Do Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (54) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 89.52 712.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 100.63 712.75 Td (. ) Tj ET Q q 0 0 0 rg BT 104.81 712.75 Td (Grimwood ) Tj ET Q q 0 0 0 rg BT 151.78 712.75 Td (earned ) Tj ET Q q 0 0 0 rg BT 184.31 712.75 Td (a ) Tj ET Q q 0 0 0 rg BT 191.28 712.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 232.15 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 241.89 712.75 Td (Science ) Tj ET Q q 0 0 0 rg BT 278.87 712.75 Td (from ) Tj ET Q q 0 0 0 rg BT 300.27 712.75 Td (Brandon ) Tj ET Q q 0 0 0 rg BT 339.48 712.75 Td (University) Tj ET Q q 0 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Tf ET q 0 0 0 rg BT 72.00 667.75 Td (has ) Tj ET Q q 0 0 0 rg BT 91.84 667.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 106.67 667.75 Td (years ) Tj ET Q q 0 0 0 rg BT 134.84 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.89 667.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 199.52 667.75 Td (in ) Tj ET Q q 0 0 0 rg BT 211.02 667.75 Td (the ) Tj ET Q q 0 0 0 rg BT 228.63 667.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 242.35 667.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.75 667.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.59 667.75 Td (industry) Tj ET Q q 0 0 0 rg BT 316.86 667.75 Td (. ) Tj ET Q q 0 0 0 rg BT 323.35 667.75 Td ( ) Tj ET Q q 0 0 0 rg BT 327.06 667.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 351.89 667.75 Td (to ) Tj ET Q q 0 0 0 rg BT 363.94 667.75 Td (joining ) Tj ET Q q 0 0 0 rg BT 396.57 667.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 433.63 667.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 444.74 667.75 Td (. ) Tj ET Q q 0 0 0 rg BT 451.23 667.75 Td (Kalmakof) Tj ET Q q 0 0 0 rg BT 492.73 667.75 Td (f ) Tj ET Q q 0 0 0 rg BT 499.22 667.75 Td (was ) Tj ET Q q 0 0 0 rg BT 520.72 667.75 Td (V) Tj ET Q q 0 0 0 rg BT 527.21 667.75 Td (ice ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 120.14 655.75 Td (Finance ) Tj ET Q q 0 0 0 rg BT 158.83 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 178.63 655.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 205.08 655.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.22 655.75 Td (Of) Tj ET Q q 0 0 0 rg BT 258.59 655.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 280.60 655.75 Td (at ) Tj ET Q q 0 0 0 rg BT 292.05 655.75 Td (Kicking ) Tj ET Q q 0 0 0 rg BT 327.40 655.75 Td (Horse ) Tj ET Q q 0 0 0 rg BT 357.19 655.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 391.99 655.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 411.22 655.75 Td (from ) Tj ET Q q 0 0 0 rg BT 434.33 655.75 Td (October2014 ) Tj ET Q q 0 0 0 rg BT 498.04 655.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.87 655.75 Td (August ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (2015. ) Tj ET Q q 0 0 0 rg BT 100.87 643.75 Td ( ) Tj ET Q q 0 0 0 rg BT 104.71 643.75 Td (From ) Tj ET Q q 0 0 0 rg BT 131.88 643.75 Td (October2013 ) Tj ET Q q 0 0 0 rg BT 196.32 643.75 Td (to ) Tj ET Q q 0 0 0 rg BT 208.50 643.75 Td (July ) Tj ET Q q 0 0 0 rg BT 230.12 643.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 258.99 643.75 Td (he ) Tj ET Q q 0 0 0 rg BT 273.96 643.75 Td (was ) Tj ET Q q 0 0 0 rg BT 295.58 643.75 Td (V) Tj ET Q q 0 0 0 rg BT 302.07 643.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 318.69 643.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 367.56 643.75 Td (Finance ) Tj ET Q q 0 0 0 rg BT 406.98 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 427.50 643.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 454.69 643.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 498.55 643.75 Td (Of) Tj ET Q q 0 0 0 rg BT 508.93 643.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 531.66 643.75 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (Corinthian ) Tj ET Q q 0 0 0 rg BT 120.57 631.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 173.59 631.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 193.26 631.75 Td ( ) Tj ET Q q 0 0 0 rg BT 196.25 631.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 220.35 631.75 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 257.25 631.75 Td (he ) Tj ET Q q 0 0 0 rg BT 271.37 631.75 Td (was ) Tj ET Q q 0 0 0 rg BT 292.14 631.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 318.47 631.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 361.48 631.75 Td (Of) Tj ET Q q 0 0 0 rg BT 371.86 631.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 393.74 631.75 Td (\(March2012 ) Tj ET Q q 0 0 0 rg BT 452.87 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 464.20 631.75 Td (March2013\) ) Tj ET Q q 0 0 0 rg BT 523.32 631.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (V) Tj ET Q q 0 0 0 rg BT 78.49 619.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 94.37 619.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 142.50 619.75 Td (Finance ) Tj ET Q q 0 0 0 rg BT 181.18 619.75 Td (\(June2006 ) Tj ET Q q 0 0 0 rg BT 234.32 619.75 Td (to ) Tj ET Q q 0 0 0 rg BT 245.76 619.75 Td (March ) Tj ET Q q 0 0 0 rg BT 276.64 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ET q 0 0 0 rg BT 72.00 562.75 Td (professional ) Tj ET Q q 0 0 0 rg BT 128.66 562.75 Td (engineer ) Tj ET Q q 0 0 0 rg BT 170.32 562.75 Td (with ) Tj ET Q q 0 0 0 rg BT 190.84 562.75 Td (14 ) Tj ET Q q 0 0 0 rg BT 204.70 562.75 Td (years ) Tj ET Q q 0 0 0 rg BT 231.90 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 242.97 562.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 280.73 562.75 Td (experience. ) Tj ET Q q 0 0 0 rg BT 335.17 562.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 359.02 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 370.10 562.75 Td (his ) Tj ET Q q 0 0 0 rg BT 385.62 562.75 Td (current ) Tj ET Q q 0 0 0 rg BT 419.48 562.75 Td (position, ) Tj ET Q q 0 0 0 rg BT 459.46 562.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 470.57 562.75 Td (. ) Tj ET Q q 0 0 0 rg BT 476.09 562.75 Td (Lundberg ) Tj ET Q q 0 0 0 rg BT 521.09 562.75 Td (held ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 87.90 550.75 Td (position ) Tj ET Q q 0 0 0 rg BT 124.37 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.71 550.75 Td (V) Tj ET Q q 0 0 0 rg BT 141.20 550.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 155.98 550.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 203.00 550.75 Td (Operations ) Tj ET Q q 0 0 0 rg BT 253.92 550.75 Td (with ) Tj ET Q q 0 0 0 rg BT 273.70 550.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 307.39 550.75 Td (River ) Tj ET Q q 0 0 0 rg BT 332.73 550.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 384.75 550.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 402.87 550.75 Td (from ) Tj ET Q q 0 0 0 rg BT 424.87 550.75 Td (October) Tj ET Q q 0 0 0 rg BT 459.89 550.75 Td (, ) Tj ET Q q 0 0 0 rg BT 464.67 550.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 488.91 550.75 Td (until ) Tj ET Q q 0 0 0 rg BT 508.86 550.75 Td (August ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 538.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 99.60 538.75 Td (He ) Tj ET Q q 0 0 0 rg BT 114.96 538.75 Td (held ) Tj ET Q q 0 0 0 rg BT 136.45 538.75 Td (various ) Tj ET Q q 0 0 0 rg BT 171.26 538.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 213.31 538.75 Td (and ) Tj ET Q q 0 0 0 rg BT 232.57 538.75 Td (management ) Tj ET Q q 0 0 0 rg BT 293.52 538.75 Td (roles ) Tj ET Q q 0 0 0 rg BT 317.77 538.75 Td (with ) Tj ET Q q 0 0 0 rg BT 338.13 538.75 Td (Crescent ) Tj ET Q q 0 0 0 rg BT 380.72 538.75 Td (Point ) Tj ET Q q 0 0 0 rg BT 406.09 538.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 440.35 538.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 495.18 538.75 Td (from ) Tj ET Q q 0 0 0 rg BT 517.76 538.75 Td (2008 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (until ) Tj ET Q q 0 0 0 rg BT 93.76 526.75 Td (September ) Tj ET Q q 0 0 0 rg BT 146.08 526.75 Td (2016. ) Tj ET Q q 0 0 0 rg BT 174.52 526.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 199.04 526.75 Td (to ) Tj ET Q q 0 0 0 rg BT 210.80 526.75 Td (Crescent ) Tj ET Q q 0 0 0 rg BT 254.22 526.75 Td (Point, ) Tj ET Q q 0 0 0 rg BT 283.21 526.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 294.31 526.75 Td (. ) Tj ET Q q 0 0 0 rg BT 300.50 526.75 Td (Lundberg ) Tj ET Q q 0 0 0 rg BT 346.18 526.75 Td (was ) Tj ET Q q 0 0 0 rg BT 367.37 526.75 Td (an ) Tj ET Q q 0 0 0 rg BT 381.91 526.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 432.02 526.75 Td (consultant ) Tj ET Q q 0 0 0 rg BT 481.01 526.75 Td (from ) Tj ET Q q 0 0 0 rg BT 504.43 526.75 Td (October ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 514.75 Td (2005 ) Tj ET Q q 0 0 0 rg BT 97.15 514.75 Td (until ) Tj ET Q q 0 0 0 rg BT 118.41 514.75 Td (May ) Tj ET Q q 0 0 0 rg BT 140.20 514.75 Td (2008 ) Tj ET Q q 0 0 0 rg BT 165.36 514.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.95 514.75 Td (held ) Tj ET Q q 0 0 0 rg BT 206.76 514.75 Td (a ) Tj ET Q q 0 0 0 rg BT 215.23 514.75 Td (completions ) Tj ET Q q 0 0 0 rg BT 271.50 514.75 Td (position ) Tj ET Q q 0 0 0 rg BT 308.87 514.75 Td (at ) Tj ET Q q 0 0 0 rg BT 320.12 514.75 Td (Husky ) Tj ET Q q 0 0 0 rg BT 350.81 514.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 385.40 514.75 Td (from ) Tj ET Q q 0 0 0 rg BT 408.31 514.75 Td (May ) Tj ET Q q 0 0 0 rg BT 430.11 514.75 Td (2004 ) Tj ET Q q 0 0 0 rg BT 455.26 514.75 Td (until ) Tj ET Q q 0 0 0 rg BT 476.51 514.75 Td (October ) Tj ET Q q 0 0 0 rg BT 514.99 514.75 Td (2005. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 83.11 502.75 Td (. ) Tj ET Q q 0 0 0 rg BT 90.12 502.75 Td (Lundberg ) Tj ET Q q 0 0 0 rg BT 136.62 502.75 Td (graduated ) Tj ET Q q 0 0 0 rg BT 185.89 502.75 Td (with ) Tj ET Q q 0 0 0 rg BT 207.91 502.75 Td (a ) Tj ET Q q 0 0 0 rg BT 217.70 502.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 261.41 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 273.98 502.75 Td (Science ) Tj ET Q q 0 0 0 rg BT 313.79 502.75 Td (in ) Tj ET Q q 0 0 0 rg BT 325.81 502.75 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 383.42 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 404.33 502.75 Td (is ) Tj ET Q q 0 0 0 rg BT 415.79 502.75 Td (a ) Tj ET Q q 0 0 0 rg BT 425.59 502.75 Td (practicing ) Tj ET Q q 0 0 0 rg BT 472.62 502.75 Td (member ) Tj ET Q q 0 0 0 rg BT 513.53 502.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.10 502.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (Association ) Tj ET Q q 0 0 0 rg BT 125.92 490.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.03 490.75 Td (Professional ) Tj ET Q q 0 0 0 rg BT 194.84 490.75 Td (Engineers, ) Tj ET Q q 0 0 0 rg BT 245.43 490.75 Td (Geologists ) Tj ET Q q 0 0 0 rg BT 295.45 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.92 490.75 Td (Geophysicists ) Tj ET Q q 0 0 0 rg BT 379.94 490.75 Td (of ) Tj ET Q q 0 0 0 rg BT 390.51 490.75 Td (Alberta.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (M. ) Tj ET Q q 0 0 0 rg BT 85.31 469.75 Td (Scott ) Tj ET Q q 0 0 0 rg BT 110.29 469.75 Td (Lovett) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.53 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 139.73 469.75 Td (was ) Tj ET Q q 0 0 0 rg BT 159.71 469.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 205.84 469.75 Td (V) Tj ET Q q 0 0 0 rg BT 212.33 469.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 227.31 469.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 274.53 469.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 317.31 469.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 378.43 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 388.96 469.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 421.73 469.75 Td (on ) Tj ET Q q 0 0 0 rg BT 435.05 469.75 Td (September ) Tj ET Q q 0 0 0 rg BT 486.17 469.75 Td (5, ) Tj ET Q q 0 0 0 rg BT 496.70 469.75 Td (2017. ) Tj ET Q q 0 0 0 rg BT 523.93 469.75 Td ( ) Tj ET Q q 0 0 0 rg BT 526.12 469.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 537.23 469.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (Lovett ) Tj ET Q q 0 0 0 rg BT 101.97 457.75 Td (is ) Tj ET Q q 0 0 0 rg BT 111.91 457.75 Td (a ) Tj ET Q q 0 0 0 rg BT 120.20 457.75 Td (professional ) Tj ET Q q 0 0 0 rg BT 176.84 457.75 Td (engineer ) Tj ET Q q 0 0 0 rg BT 218.49 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.90 457.75 Td (has ) Tj ET Q q 0 0 0 rg BT 256.74 457.75 Td (over ) Tj ET Q q 0 0 0 rg BT 278.92 457.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 292.77 457.75 Td (years ) Tj ET Q q 0 0 0 rg BT 319.94 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 331.01 457.75 Td (experience ) Tj ET Q q 0 0 0 rg BT 382.65 457.75 Td (in ) Tj ET Q q 0 0 0 rg BT 393.16 457.75 Td (the ) Tj ET Q q 0 0 0 rg BT 409.79 457.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 422.52 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.92 457.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 460.77 457.75 Td (industry) Tj ET Q q 0 0 0 rg BT 495.04 457.75 Td (, ) Tj ET Q q 0 0 0 rg BT 500.55 457.75 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 115.80 445.75 Td (evaluations, ) Tj ET Q q 0 0 0 rg BT 174.06 445.75 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 231.21 445.75 Td (and ) Tj ET Q q 0 0 0 rg BT 252.80 445.75 Td (divestments, ) Tj ET Q q 0 0 0 rg BT 313.83 445.75 Td (business ) Tj ET Q q 0 0 0 rg BT 358.20 445.75 Td (planning, ) Tj ET Q q 0 0 0 rg BT 403.69 445.75 Td (and ) Tj ET Q q 0 0 0 rg BT 425.27 445.75 Td (strategic ) Tj ET Q q 0 0 0 rg BT 467.96 445.75 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 511.77 445.75 Td ( ) Tj ET Q q 0 0 0 rg BT 516.67 445.75 Td (From ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td (March2014 ) Tj ET Q q 0 0 0 rg BT 127.34 433.75 Td (to ) Tj ET Q q 0 0 0 rg BT 138.22 433.75 Td (September2017, ) Tj ET Q q 0 0 0 rg BT 217.48 433.75 Td (he ) Tj ET Q q 0 0 0 rg BT 231.14 433.75 Td (held ) Tj ET Q q 0 0 0 rg BT 252.58 433.75 Td (a ) Tj ET Q q 0 0 0 rg BT 260.68 433.75 Td (number ) Tj ET Q q 0 0 0 rg BT 297.12 433.75 Td (of ) Tj ET Q q 0 0 0 rg BT 308.00 433.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 350.00 433.75 Td (of ) Tj ET Q q 0 0 0 rg BT 360.88 433.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 408.99 433.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 469.33 433.75 Td (at ) Tj ET Q q 0 0 0 rg BT 480.21 433.75 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 508.32 433.75 Td (Energy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 421.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 93.24 421.75 Td (including ) Tj ET Q q 0 0 0 rg BT 135.06 421.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 180.76 421.75 Td (V) Tj ET Q q 0 0 0 rg BT 187.25 421.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 202.37 421.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 249.74 421.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 292.66 421.75 Td (Development. ) Tj ET Q q 0 0 0 rg BT 356.71 421.75 Td ( ) Tj ET Q q 0 0 0 rg BT 359.05 421.75 Td (From ) Tj ET Q q 0 0 0 rg BT 384.72 421.75 Td (September201) Tj ET Q q 0 0 0 rg BT 452.36 421.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 460.27 421.75 Td (to ) Tj ET Q q 0 0 0 rg BT 470.95 421.75 Td (March2014, ) Tj ET Q q 0 0 0 rg BT 528.88 421.75 Td (he ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (was ) Tj ET Q q 0 0 0 rg BT 93.19 409.75 Td (an ) Tj ET Q q 0 0 0 rg BT 107.71 409.75 Td (of) Tj ET Q q 0 0 0 rg BT 115.87 409.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 138.17 409.75 Td (of ) Tj ET Q q 0 0 0 rg BT 149.91 409.75 Td (Native ) Tj ET Q q 0 0 0 rg BT 180.98 409.75 Td (American ) Tj ET Q q 0 0 0 rg BT 226.62 409.75 Td (Resource ) Tj ET Q q 0 0 0 rg BT 272.83 409.75 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 316.80 409.75 Td (initially ) Tj ET Q q 0 0 0 rg BT 350.21 409.75 Td (serving ) Tj ET Q q 0 0 0 rg BT 385.85 409.75 Td (as ) Tj ET Q q 0 0 0 rg BT 399.82 409.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 432.13 409.75 Td (V) Tj ET Q q 0 0 0 rg BT 438.62 409.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 454.81 409.75 Td (President ) Tj ET Q q 0 0 0 rg BT 500.46 409.75 Td (and ) Tj ET Q q 0 0 0 rg BT 520.54 409.75 Td (then ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 397.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 97.39 397.75 Td (Operating ) Tj ET Q q 0 0 0 rg BT 143.35 397.75 Td (Of) Tj ET Q q 0 0 0 rg BT 153.73 397.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 172.07 397.75 Td (. ) Tj ET Q q 0 0 0 rg BT 176.90 397.75 Td ( ) Tj ET Q q 0 0 0 rg BT 178.94 397.75 Td (Prior ) Tj ET Q q 0 0 0 rg BT 202.10 397.75 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 238.06 397.75 Td (he ) Tj ET Q q 0 0 0 rg BT 251.23 397.75 Td (held ) Tj ET Q q 0 0 0 rg BT 272.18 397.75 Td (various ) Tj ET Q q 0 0 0 rg BT 306.47 397.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 360.78 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 379.51 397.75 Td (management ) Tj ET Q q 0 0 0 rg BT 439.93 397.75 Td (roles ) Tj ET Q q 0 0 0 rg BT 463.65 397.75 Td (at ) Tj ET Q q 0 0 0 rg BT 474.04 397.75 Td (GLJ ) Tj ET Q q 0 0 0 rg BT 494.42 397.75 Td (Petroleum ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 385.75 Td (Consultants ) Tj ET Q q 0 0 0 rg BT 127.48 385.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 146.83 385.75 Td (and ) Tj ET Q q 0 0 0 rg BT 166.19 385.75 Td (Enerplus ) Tj ET Q q 0 0 0 rg BT 208.33 385.75 Td (Corporation. ) Tj ET Q q 0 0 0 rg BT 266.03 385.75 Td ( ) Tj ET Q q 0 0 0 rg BT 268.70 385.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 279.81 385.75 Td (. ) Tj ET Q q 0 0 0 rg BT 285.26 385.75 Td (Lovett ) Tj ET Q q 0 0 0 rg BT 315.17 385.75 Td (holds ) Tj ET Q q 0 0 0 rg BT 341.75 385.75 Td (a ) Tj ET Q q 0 0 0 rg BT 349.98 385.75 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 392.12 385.75 Td (and ) Tj ET Q q 0 0 0 rg BT 411.47 385.75 Td (Master ) Tj ET Q q 0 0 0 rg BT 444.71 385.75 Td (in ) Tj ET Q q 0 0 0 rg BT 455.16 385.75 Td (Science ) Tj ET Q q 0 0 0 rg BT 493.41 385.75 Td (degrees ) Tj ET Q q 0 0 0 rg BT 532.22 385.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 373.75 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 116.46 373.75 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 172.61 373.75 Td (and ) Tj ET Q q 0 0 0 rg BT 192.07 373.75 Td (a ) Tj ET Q q 0 0 0 rg BT 200.41 373.75 Td (Master ) Tj ET Q q 0 0 0 rg BT 233.75 373.75 Td (in ) Tj ET Q q 0 0 0 rg BT 244.31 373.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 287.12 373.75 Td (Administration, ) Tj ET Q q 0 0 0 rg BT 356.03 373.75 Td (all ) Tj ET Q q 0 0 0 rg BT 368.82 373.75 Td (from ) Tj ET Q q 0 0 0 rg BT 391.59 373.75 Td (the ) Tj ET Q q 0 0 0 rg BT 408.27 373.75 Td (University ) Tj ET Q q 0 0 0 rg BT 454.95 373.75 Td (of ) Tj ET Q q 0 0 0 rg BT 466.07 373.75 Td (Calgary) Tj ET Q q 0 0 0 rg BT 499.78 373.75 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td (Scott ) Tj ET Q q 0 0 0 rg BT 97.63 352.75 Td (E. ) Tj ET Q q 0 0 0 rg BT 109.92 352.75 Td (Rideout) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.39 352.75 Td ( ) Tj ET Q q 0 0 0 rg BT 147.23 352.75 Td (joined ) Tj ET Q q 0 0 0 rg BT 176.77 352.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 210.18 352.75 Td (as ) Tj ET Q q 0 0 0 rg BT 223.59 352.75 Td (V) Tj ET Q q 0 0 0 rg BT 230.08 352.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 245.70 352.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 293.57 352.75 Td (Land ) Tj ET Q q 0 0 0 rg BT 318.66 352.75 Td (on ) Tj ET Q q 0 0 0 rg BT 332.06 352.75 Td (August ) Tj ET Q q 0 0 0 rg BT 366.04 352.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 382.78 352.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 410.65 352.75 Td (He ) Tj ET Q q 0 0 0 rg BT 426.28 352.75 Td (is ) Tj ET Q q 0 0 0 rg BT 436.34 352.75 Td (a ) Tj ET Q q 0 0 0 rg BT 444.75 352.75 Td (landman ) Tj ET Q q 0 0 0 rg BT 485.95 352.75 Td (with ) Tj ET Q q 0 0 0 rg BT 506.57 352.75 Td (over ) Tj ET Q q 0 0 0 rg BT 528.87 352.75 Td (14 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (years ) Tj ET Q q 0 0 0 rg BT 98.79 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.46 340.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 146.82 340.75 Td (experience. ) Tj ET Q q 0 0 0 rg BT 200.85 340.75 Td (He ) Tj ET Q q 0 0 0 rg BT 215.97 340.75 Td (held ) Tj ET Q q 0 0 0 rg BT 237.21 340.75 Td (the ) Tj ET Q q 0 0 0 rg BT 253.45 340.75 Td (position ) Tj ET Q q 0 0 0 rg BT 290.25 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 300.93 340.75 Td (V) Tj ET Q q 0 0 0 rg BT 307.42 340.75 Td (ice ) Tj ET Q q 0 0 0 rg BT 322.54 340.75 Td (President ) Tj ET Q q 0 0 0 rg BT 367.12 340.75 Td (Land ) Tj ET Q q 0 0 0 rg BT 391.70 340.75 Td (with ) Tj ET Q q 0 0 0 rg BT 411.82 340.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 445.85 340.75 Td (River ) Tj ET Q q 0 0 0 rg BT 471.52 340.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 523.88 340.75 Td (Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (from ) Tj ET Q q 0 0 0 rg BT 95.16 328.75 Td (July ) Tj ET Q q 0 0 0 rg BT 116.11 328.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 141.52 328.75 Td (until ) Tj ET Q q 0 0 0 rg BT 162.40 328.75 Td (August ) Tj ET Q q 0 0 0 rg BT 196.70 328.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 224.88 328.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 235.99 328.75 Td (. ) Tj ET Q q 0 0 0 rg BT 241.93 328.75 Td (Rideout ) Tj ET Q q 0 0 0 rg BT 279.57 328.75 Td (held ) Tj ET Q q 0 0 0 rg BT 301.64 328.75 Td (roles ) Tj ET Q q 0 0 0 rg BT 326.47 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.98 328.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 386.72 328.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 447.69 328.75 Td (at ) Tj ET Q q 0 0 0 rg BT 459.19 328.75 Td (Surge ) Tj ET Q q 0 0 0 rg BT 489.04 328.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 523.89 328.75 Td (Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 316.75 Td (from ) Tj ET Q q 0 0 0 rg BT 94.57 316.75 Td (October ) Tj ET Q q 0 0 0 rg BT 132.71 316.75 Td (2010 ) Tj ET Q q 0 0 0 rg BT 157.52 316.75 Td (until ) Tj ET Q q 0 0 0 rg BT 178.43 316.75 Td (July ) Tj ET Q q 0 0 0 rg BT 198.78 316.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 223.60 316.75 Td (where ) Tj ET Q q 0 0 0 rg BT 253.40 316.75 Td (he ) Tj ET Q q 0 0 0 rg BT 267.09 316.75 Td (was ) Tj ET Q q 0 0 0 rg BT 287.44 316.75 Td (most ) Tj ET Q q 0 0 0 rg BT 311.68 316.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 349.27 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.73 316.75 Td (Manager ) Tj ET Q q 0 0 0 rg BT 407.77 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 418.68 316.75 Td (Business ) Tj ET Q q 0 0 0 rg BT 461.82 316.75 Td (Development ) Tj ET Q q 0 0 0 rg BT 523.31 316.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 304.75 Td (Land. ) Tj ET Q q 0 0 0 rg BT 99.81 304.75 Td (He ) Tj ET Q q 0 0 0 rg BT 115.38 304.75 Td (started ) Tj ET Q q 0 0 0 rg BT 148.74 304.75 Td (his ) Tj ET Q q 0 0 0 rg BT 164.31 304.75 Td (career ) Tj ET Q q 0 0 0 rg BT 195.44 304.75 Td (at ) Tj ET Q q 0 0 0 rg BT 206.39 304.75 Td (T) Tj ET Q q 0 0 0 rg BT 211.39 304.75 Td (alisman ) Tj ET Q q 0 0 0 rg BT 248.64 304.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 283.11 304.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 302.01 304.75 Td (and ) Tj ET Q q 0 0 0 rg BT 321.49 304.75 Td (was ) Tj ET Q q 0 0 0 rg BT 342.06 304.75 Td (a ) Tj ET Q q 0 0 0 rg BT 350.41 304.75 Td (Land ) Tj ET Q q 0 0 0 rg BT 375.44 304.75 Td (Negotiator ) Tj ET Q q 0 0 0 rg BT 424.37 304.75 Td (at ) Tj ET Q q 0 0 0 rg BT 435.49 304.75 Td (Provident ) Tj ET Q q 0 0 0 rg BT 480.53 304.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 514.82 304.75 Td (T) Tj ET Q q 0 0 0 rg BT 520.56 304.75 Td (rust, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 292.75 Td (Kereco ) Tj ET Q q 0 0 0 rg BT 106.20 292.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 140.41 292.75 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 162.38 292.75 Td (and ) Tj ET Q q 0 0 0 rg BT 181.58 292.75 Td (Galleon ) Tj ET Q q 0 0 0 rg BT 218.57 292.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 252.77 292.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 271.41 292.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 282.52 292.75 Td (. ) Tj ET Q q 0 0 0 rg BT 287.81 292.75 Td (Rideout ) Tj ET Q q 0 0 0 rg BT 324.80 292.75 Td (earned ) Tj ET Q q 0 0 0 rg BT 358.46 292.75 Td (an ) Tj ET Q q 0 0 0 rg BT 372.10 292.75 Td (Economics ) Tj ET Q q 0 0 0 rg BT 423.52 292.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 457.18 292.75 Td (from ) Tj ET Q q 0 0 0 rg BT 479.69 292.75 Td (the ) Tj ET Q q 0 0 0 rg BT 496.11 292.75 Td (University ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 280.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 280.75 Td (Calgary ) Tj ET Q q 0 0 0 rg BT 120.35 280.75 Td (in ) Tj ET Q q 0 0 0 rg BT 130.92 280.75 Td (2002 ) Tj ET Q q 0 0 0 rg BT 155.94 280.75 Td (and ) Tj ET Q q 0 0 0 rg BT 175.40 280.75 Td (is ) Tj ET Q q 0 0 0 rg BT 185.40 280.75 Td (a ) Tj ET Q q 0 0 0 rg BT 193.74 280.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 240.99 280.75 Td (member ) Tj ET Q q 0 0 0 rg BT 280.44 280.75 Td (of ) Tj ET Q q 0 0 0 rg BT 291.56 280.75 Td (CAPL. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 259.75 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 126.45 259.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.67 259.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 189.25 259.75 Td (by ) Tj ET Q q 0 0 0 rg BT 203.70 259.75 Td (Management ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (As ) Tj ET Q q 0 0 0 rg BT 86.83 238.75 Td (at ) Tj ET Q q 0 0 0 rg BT 98.33 238.75 Td (March ) Tj ET Q q 0 0 0 rg BT 129.27 238.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 140.77 238.75 Td (2019, ) Tj ET Q q 0 0 0 rg BT 168.95 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 186.01 238.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 227.51 238.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.35 238.75 Td (of) Tj ET Q q 0 0 0 rg BT 255.51 238.75 Td (ficers ) Tj ET Q q 0 0 0 rg BT 282.56 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 294.06 238.75 Td (Baytex, ) Tj ET Q q 0 0 0 rg BT 330.57 238.75 Td (as ) Tj ET Q q 0 0 0 rg BT 344.29 238.75 Td (a ) Tj ET Q q 0 0 0 rg BT 353.01 238.75 Td (group, ) Tj ET Q q 0 0 0 rg BT 384.52 238.75 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 437.15 238.75 Td (owned, ) Tj ET Q q 0 0 0 rg BT 472.56 238.75 Td (or ) Tj ET Q q 0 0 0 rg BT 484.61 238.75 Td (controlled ) Tj ET Q q 0 0 0 rg BT 531.12 238.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 226.75 Td (directed, ) Tj ET Q q 0 0 0 rg BT 113.29 226.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 147.89 226.75 Td (or ) Tj ET Q q 0 0 0 rg BT 159.72 226.75 Td (indirectly) Tj ET Q q 0 0 0 rg BT 198.43 226.75 Td (, ) Tj ET Q q 0 0 0 rg BT 204.14 226.75 Td (17,475,082 ) Tj ET Q q 0 0 0 rg BT 257.12 226.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 300.62 226.75 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 338.01 226.75 Td (representing ) Tj ET Q q 0 0 0 rg BT 396.54 226.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 461.72 226.75 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 478.55 226.75 Td (percent ) Tj ET Q q 0 0 0 rg BT 514.84 226.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 226.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 214.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 103.68 214.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.15 214.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 177.63 214.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 220.98 214.75 Td (Shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 122.56 193.75 Td (Cease ) Tj ET Q q 0 0 0 rg BT 154.81 193.75 Td (T) Tj ET Q q 0 0 0 rg BT 160.36 193.75 Td (rade ) Tj ET Q q 0 0 0 rg BT 184.27 193.75 Td (Orders, ) Tj ET Q q 0 0 0 rg BT 222.62 193.75 Td (Bankruptcies ) Tj ET Q q 0 0 0 rg BT 288.75 193.75 Td (or ) Tj ET Q q 0 0 0 rg BT 301.53 193.75 Td (Penalties ) Tj ET Q q 0 0 0 rg BT 348.22 193.75 Td (or ) Tj ET Q q 0 0 0 rg BT 360.99 193.75 Td (Sanctions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 172.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 99.28 172.75 Td (than ) Tj ET Q q 0 0 0 rg BT 121.01 172.75 Td (as ) Tj ET Q q 0 0 0 rg BT 133.84 172.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 177.79 172.75 Td (below) Tj ET Q q 0 0 0 rg BT 203.37 172.75 Td (, ) Tj ET Q q 0 0 0 rg BT 208.41 172.75 Td (no ) Tj ET Q q 0 0 0 rg BT 221.80 172.75 Td (director ) Tj ET Q q 0 0 0 rg BT 257.42 172.75 Td (or ) Tj ET Q q 0 0 0 rg BT 268.57 172.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 313.09 172.75 Td (of) Tj ET Q q 0 0 0 rg BT 321.25 172.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 342.41 172.75 Td (of ) Tj ET Q q 0 0 0 rg BT 353.01 172.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 385.85 172.75 Td (\(nor ) Tj ET Q q 0 0 0 rg BT 405.90 172.75 Td (any ) Tj ET Q q 0 0 0 rg BT 424.29 172.75 Td (personal ) Tj ET Q q 0 0 0 rg BT 464.92 172.75 Td (holding ) Tj ET Q q 0 0 0 rg BT 499.44 172.75 Td (company ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.51 160.75 Td (any ) Tj ET Q q 0 0 0 rg BT 102.80 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 114.31 160.75 Td (such ) Tj ET Q q 0 0 0 rg BT 138.61 160.75 Td (persons\) ) Tj ET Q q 0 0 0 rg BT 180.68 160.75 Td (is, ) Tj ET Q q 0 0 0 rg BT 193.85 160.75 Td (as ) Tj ET Q q 0 0 0 rg BT 207.59 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.10 160.75 Td (the ) Tj ET Q q 0 0 0 rg BT 236.17 160.75 Td (date ) Tj ET Q q 0 0 0 rg BT 258.80 160.75 Td (of ) Tj ET Q q 0 0 0 rg BT 270.31 160.75 Td (this ) Tj ET Q q 0 0 0 rg BT 288.41 160.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 322.72 160.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 375.92 160.75 Td (Form, ) Tj ET Q q 0 0 0 rg BT 405.20 160.75 Td (or ) Tj ET Q q 0 0 0 rg BT 417.26 160.75 Td (was ) Tj ET Q q 0 0 0 rg BT 438.21 160.75 Td (within ) Tj ET Q q 0 0 0 rg BT 466.95 160.75 Td (ten ) Tj ET Q q 0 0 0 rg BT 484.02 160.75 Td (years ) Tj ET Q q 0 0 0 rg BT 511.64 160.75 Td (before ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 148.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.10 148.75 Td (date ) Tj ET Q q 0 0 0 rg BT 111.76 148.75 Td (of ) Tj ET Q q 0 0 0 rg BT 123.29 148.75 Td (this ) Tj ET Q q 0 0 0 rg BT 141.42 148.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 175.75 148.75 Td (Information ) Tj ET Q q 0 0 0 rg BT 228.97 148.75 Td (Form, ) Tj ET Q q 0 0 0 rg BT 258.28 148.75 Td (a ) Tj ET Q q 0 0 0 rg BT 267.03 148.75 Td (director) Tj ET Q q 0 0 0 rg BT 299.83 148.75 Td (, ) Tj ET Q q 0 0 0 rg BT 305.80 148.75 Td (chief ) Tj ET Q q 0 0 0 rg BT 330.12 148.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 375.56 148.75 Td (of) Tj ET Q q 0 0 0 rg BT 383.72 148.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 405.81 148.75 Td (or ) Tj ET Q q 0 0 0 rg BT 417.90 148.75 Td (chief ) Tj ET Q q 0 0 0 rg BT 442.22 148.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 482.10 148.75 Td (of) Tj ET Q q 0 0 0 rg BT 490.26 148.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 512.35 148.75 Td (of ) Tj ET Q q 0 0 0 rg BT 523.89 148.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 136.75 Td (company ) Tj ET Q q 0 0 0 rg BT 115.17 136.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 160.56 136.75 Td (Baytex\), ) Tj ET Q q 0 0 0 rg BT 199.83 136.75 Td (that ) Tj ET Q q 0 0 0 rg BT 219.10 136.75 Td (was ) Tj ET Q q 0 0 0 rg BT 239.48 136.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 273.75 136.75 Td (to ) Tj ET Q q 0 0 0 rg BT 284.69 136.75 Td (a ) Tj ET Q q 0 0 0 rg BT 292.84 136.75 Td (cease ) Tj ET Q q 0 0 0 rg BT 322.11 136.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 347.50 136.75 Td (order ) Tj ET Q q 0 0 0 rg BT 373.43 136.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 418.83 136.75 Td (a ) Tj ET Q q 0 0 0 rg BT 426.98 136.75 Td (management ) Tj ET Q q 0 0 0 rg BT 487.94 136.75 Td (cease ) Tj ET Q q 0 0 0 rg BT 517.22 136.75 Td (trade ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.75 Td (order\), ) Tj ET Q q 0 0 0 rg BT 104.23 124.75 Td (an ) Tj ET Q q 0 0 0 rg BT 118.13 124.75 Td (order ) Tj ET Q q 0 0 0 rg BT 144.25 124.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 175.92 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 187.03 124.75 Td (a ) Tj ET Q q 0 0 0 rg BT 195.37 124.75 Td (cease ) Tj ET Q q 0 0 0 rg BT 224.83 124.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 250.40 124.75 Td (order ) Tj ET Q q 0 0 0 rg BT 276.52 124.75 Td (or ) Tj ET Q q 0 0 0 rg BT 288.19 124.75 Td (an ) Tj ET Q q 0 0 0 rg BT 302.09 124.75 Td (order ) Tj ET Q q 0 0 0 rg BT 328.21 124.75 Td (that ) Tj ET Q q 0 0 0 rg BT 347.67 124.75 Td (denied ) Tj ET Q q 0 0 0 rg BT 380.48 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 397.15 124.75 Td (relevant ) Tj ET Q q 0 0 0 rg BT 435.51 124.75 Td (company ) Tj ET Q q 0 0 0 rg BT 478.86 124.75 Td (access ) Tj ET Q q 0 0 0 rg BT 512.76 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 523.88 124.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.75 Td (exemption ) Tj ET Q q 0 0 0 rg BT 119.81 112.75 Td (under ) Tj ET Q q 0 0 0 rg BT 147.06 112.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 190.97 112.75 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 239.90 112.75 Td (in ) Tj ET Q q 0 0 0 rg BT 249.35 112.75 Td (each ) Tj ET Q q 0 0 0 rg BT 272.71 112.75 Td (case ) Tj ET Q q 0 0 0 rg BT 295.51 112.75 Td (that ) Tj ET Q q 0 0 0 rg BT 313.86 112.75 Td (was ) Tj ET Q q 0 0 0 rg BT 333.32 112.75 Td (in ) Tj ET Q q 0 0 0 rg BT 342.78 112.75 Td (ef) Tj ET Q q 0 0 0 rg BT 350.94 112.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 368.73 112.75 Td (for ) Tj ET Q q 0 0 0 rg BT 382.07 112.75 Td (a ) Tj ET Q q 0 0 0 rg BT 389.31 112.75 Td (period ) Tj ET Q q 0 0 0 rg BT 418.78 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.79 112.75 Td (more ) Tj ET Q q 0 0 0 rg BT 453.25 112.75 Td (than ) Tj ET Q q 0 0 0 rg BT 474.39 112.75 Td (30 ) Tj ET Q q 0 0 0 rg BT 487.18 112.75 Td (consecutive ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (days ) Tj ET Q q 0 0 0 rg BT 94.89 100.75 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 145.82 100.75 Td (, ) Tj ET Q q 0 0 0 rg BT 150.36 100.75 Td (an ) Tj ET Q q 0 0 0 rg BT 163.25 100.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.80 100.75 Td (Order) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.03 100.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 202.67 100.75 Td (that ) Tj ET Q q 0 0 0 rg BT 221.11 100.75 Td (was ) Tj ET Q q 0 0 0 rg BT 240.66 100.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 271.33 100.75 Td (while ) Tj ET Q q 0 0 0 rg BT 295.88 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 311.54 100.75 Td (director ) Tj ET Q q 0 0 0 rg BT 346.65 100.75 Td (or ) Tj ET Q q 0 0 0 rg BT 357.30 100.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 401.31 100.75 Td (of) Tj ET Q q 0 0 0 rg BT 409.47 100.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 430.12 100.75 Td (was ) Tj ET Q q 0 0 0 rg BT 449.67 100.75 Td (acting ) Tj ET Q q 0 0 0 rg BT 478.12 100.75 Td (in ) Tj ET Q q 0 0 0 rg BT 487.66 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 503.32 100.75 Td (capacity ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 88.75 Td (as ) Tj ET Q q 0 0 0 rg BT 85.51 88.75 Td (director) Tj ET Q q 0 0 0 rg BT 118.31 88.75 Td (, ) Tj ET Q q 0 0 0 rg BT 124.04 88.75 Td (chief ) Tj ET Q q 0 0 0 rg BT 148.12 88.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 193.31 88.75 Td (of) Tj ET Q q 0 0 0 rg BT 201.47 88.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 223.32 88.75 Td (or ) Tj ET Q q 0 0 0 rg BT 235.16 88.75 Td (chief ) Tj ET Q q 0 0 0 rg BT 259.24 88.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.88 88.75 Td (of) Tj ET Q q 0 0 0 rg BT 307.04 88.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 328.89 88.75 Td (or ) Tj ET Q q 0 0 0 rg BT 340.73 88.75 Td (was ) Tj ET Q q 0 0 0 rg BT 361.47 88.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 396.10 88.75 Td (to ) Tj ET Q q 0 0 0 rg BT 407.40 88.75 Td (an ) Tj ET Q q 0 0 0 rg BT 421.47 88.75 Td (order ) Tj ET Q q 0 0 0 rg BT 447.77 88.75 Td (that ) Tj ET Q q 0 0 0 rg BT 467.40 88.75 Td (was ) Tj ET Q q 0 0 0 rg BT 488.14 88.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 520.00 88.75 Td (after ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 76.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.78 76.75 Td (director ) Tj ET Q q 0 0 0 rg BT 125.00 76.75 Td (or ) Tj ET Q q 0 0 0 rg BT 136.76 76.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 181.88 76.75 Td (of) Tj ET Q q 0 0 0 rg BT 190.04 76.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 211.81 76.75 Td (ceased ) Tj ET Q q 0 0 0 rg BT 246.93 76.75 Td (to ) Tj ET Q q 0 0 0 rg BT 258.14 76.75 Td (be ) Tj ET Q q 0 0 0 rg BT 272.14 76.75 Td (a ) Tj ET Q q 0 0 0 rg BT 280.58 76.75 Td (director) Tj ET Q q 0 0 0 rg BT 313.37 76.75 Td (, ) Tj ET Q q 0 0 0 rg BT 319.02 76.75 Td (chief ) Tj ET Q q 0 0 0 rg BT 343.02 76.75 Td (executive ) Tj ET Q q 0 0 0 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.94 469.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 125.36 469.75 Td (no ) Tj ET Q q 0 0 0 rg BT 140.08 469.75 Td (director ) Tj ET Q q 0 0 0 rg BT 177.03 469.75 Td (or ) Tj ET Q q 0 0 0 rg BT 189.53 469.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 235.38 469.75 Td (of) Tj ET Q q 0 0 0 rg BT 243.54 469.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 266.04 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.98 469.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 312.16 469.75 Td (\(nor ) Tj ET Q q 0 0 0 rg BT 333.54 469.75 Td (any ) Tj ET Q q 0 0 0 rg BT 353.27 469.75 Td (personal ) Tj ET Q q 0 0 0 rg BT 395.23 469.75 Td (holding ) Tj ET Q q 0 0 0 rg BT 431.09 469.75 Td (company ) Tj ET Q q 0 0 0 rg BT 475.27 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 487.21 469.75 Td (any ) Tj ET Q q 0 0 0 rg BT 506.94 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 518.89 469.75 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (persons\), ) Tj ET Q q 0 0 0 rg BT 116.52 457.75 Td (or ) Tj ET Q q 0 0 0 rg BT 128.25 457.75 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 183.90 457.75 Td (holding ) Tj ET Q q 0 0 0 rg BT 218.98 457.75 Td (a ) Tj ET Q q 0 0 0 rg BT 227.38 457.75 Td (suf) Tj ET Q q 0 0 0 rg BT 240.54 457.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 269.50 457.75 Td (number ) Tj ET Q q 0 0 0 rg BT 306.24 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 317.41 457.75 Td (our ) Tj ET Q q 0 0 0 rg BT 334.70 457.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 379.77 457.75 Td (to ) Tj ET Q q 0 0 0 rg BT 390.95 457.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 436.57 457.75 Td (af) Tj ET Q q 0 0 0 rg BT 444.73 457.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 463.69 457.75 Td (control ) Tj ET Q q 0 0 0 rg BT 496.54 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 507.71 457.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 523.89 457.75 Td (has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (been ) Tj ET Q q 0 0 0 rg BT 95.76 445.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 128.95 445.75 Td (to ) Tj ET Q q 0 0 0 rg BT 138.80 445.75 Td (any ) Tj ET Q q 0 0 0 rg BT 156.44 445.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 197.98 445.75 Td (or ) Tj ET Q q 0 0 0 rg BT 208.38 445.75 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 252.14 445.75 Td (imposed ) Tj ET Q q 0 0 0 rg BT 291.45 445.75 Td (by ) Tj ET Q q 0 0 0 rg BT 303.52 445.75 Td (a ) Tj ET Q q 0 0 0 rg BT 310.59 445.75 Td (court ) Tj ET Q q 0 0 0 rg BT 334.34 445.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 368.65 445.75 Td (to ) Tj ET Q q 0 0 0 rg BT 378.50 445.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 422.24 445.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 468.23 445.75 Td (or ) Tj ET Q q 0 0 0 rg BT 478.63 445.75 Td (by ) Tj ET Q q 0 0 0 rg BT 490.70 445.75 Td (a ) Tj ET Q q 0 0 0 rg BT 497.78 445.75 Td (securities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 118.95 433.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 159.79 433.75 Td (or ) Tj ET Q q 0 0 0 rg BT 171.16 433.75 Td (has ) Tj ET Q q 0 0 0 rg BT 189.76 433.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 226.16 433.75 Td (into ) Tj ET Q q 0 0 0 rg BT 244.76 433.75 Td (a ) Tj ET Q q 0 0 0 rg BT 252.81 433.75 Td (settlement ) Tj ET Q q 0 0 0 rg BT 301.42 433.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 351.71 433.75 Td (with ) Tj ET Q q 0 0 0 rg BT 371.98 433.75 Td (a ) Tj ET Q q 0 0 0 rg BT 380.02 433.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 424.74 433.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 471.69 433.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 512.52 433.75 Td (or ) Tj ET Q q 0 0 0 rg BT 523.89 433.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 421.75 Td (other ) Tj ET Q q 0 0 0 rg BT 97.05 421.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 139.33 421.75 Td (or ) Tj ET Q q 0 0 0 rg BT 150.48 421.75 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 194.98 421.75 Td (imposed ) Tj ET Q q 0 0 0 rg BT 235.04 421.75 Td (by ) Tj ET Q q 0 0 0 rg BT 247.85 421.75 Td (a ) Tj ET Q q 0 0 0 rg BT 255.67 421.75 Td (court ) Tj ET Q q 0 0 0 rg BT 280.16 421.75 Td (or ) Tj ET Q q 0 0 0 rg BT 291.31 421.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 338.03 421.75 Td (body ) Tj ET Q q 0 0 0 rg BT 361.97 421.75 Td (that ) Tj ET Q q 0 0 0 rg BT 380.91 421.75 Td (would ) Tj ET Q q 0 0 0 rg BT 409.29 421.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 433.77 421.75 Td (be ) Tj ET Q q 0 0 0 rg BT 447.15 421.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 498.33 421.75 Td (important ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (to ) Tj ET Q q 0 0 0 rg BT 83.12 409.75 Td (a ) Tj ET Q q 0 0 0 rg BT 91.46 409.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 143.72 409.75 Td (investor ) Tj ET Q q 0 0 0 rg BT 181.51 409.75 Td (in ) Tj ET Q q 0 0 0 rg BT 192.07 409.75 Td (making ) Tj ET Q q 0 0 0 rg BT 227.09 409.75 Td (an ) Tj ET Q q 0 0 0 rg BT 240.99 409.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 292.12 409.75 Td (decision. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (Conflicts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 367.75 Td (There ) Tj ET Q q 0 0 0 rg BT 99.55 367.75 Td (are ) Tj ET Q q 0 0 0 rg BT 115.43 367.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 154.67 367.75 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 192.22 367.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.99 367.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 236.21 367.75 Td (to ) Tj ET Q q 0 0 0 rg BT 245.98 367.75 Td (which ) Tj ET Q q 0 0 0 rg BT 272.98 367.75 Td (the ) Tj ET Q q 0 0 0 rg BT 288.31 367.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 328.08 367.75 Td (and ) Tj ET Q q 0 0 0 rg BT 346.19 367.75 Td (of) Tj ET Q q 0 0 0 rg BT 354.35 367.75 Td (ficers ) Tj ET Q q 0 0 0 rg BT 379.67 367.75 Td (of ) Tj ET Q q 0 0 0 rg BT 389.44 367.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 421.44 367.75 Td (will ) Tj ET Q q 0 0 0 rg BT 436.76 367.75 Td (be ) Tj ET Q q 0 0 0 rg BT 449.31 367.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 482.42 367.75 Td (in ) Tj ET Q q 0 0 0 rg BT 491.63 367.75 Td (connection ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 355.75 Td (with ) Tj ET Q q 0 0 0 rg BT 93.26 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 110.63 355.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 160.81 355.75 Td (of ) Tj ET Q q 0 0 0 rg BT 172.62 355.75 Td (Baytex. ) Tj ET Q q 0 0 0 rg BT 209.44 355.75 Td (In ) Tj ET Q q 0 0 0 rg BT 221.26 355.75 Td (particular) Tj ET Q q 0 0 0 rg BT 261.83 355.75 Td (, ) Tj ET Q q 0 0 0 rg BT 268.09 355.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 301.58 355.75 Td (of ) Tj ET Q q 0 0 0 rg BT 313.39 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.76 355.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 372.58 355.75 Td (and ) Tj ET Q q 0 0 0 rg BT 392.74 355.75 Td (of) Tj ET Q q 0 0 0 rg BT 400.90 355.75 Td (ficers ) Tj ET Q q 0 0 0 rg BT 428.27 355.75 Td (of ) Tj ET Q q 0 0 0 rg BT 440.08 355.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 474.13 355.75 Td (are ) Tj ET Q q 0 0 0 rg BT 492.05 355.75 Td (involved ) Tj ET Q q 0 0 0 rg BT 532.22 355.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (managerial ) Tj ET Q q 0 0 0 rg BT 123.95 343.75 Td (or ) Tj ET Q q 0 0 0 rg BT 135.32 343.75 Td (director ) Tj ET Q q 0 0 0 rg BT 171.14 343.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 213.09 343.75 Td (with ) Tj ET Q q 0 0 0 rg BT 233.35 343.75 Td (other ) Tj ET Q q 0 0 0 rg BT 258.62 343.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.11 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 290.27 343.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 308.87 343.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 359.71 343.75 Td (whose ) Tj ET Q q 0 0 0 rg BT 391.09 343.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 440.27 343.75 Td (may) Tj ET Q q 0 0 0 rg BT 458.42 343.75 Td (, ) Tj ET Q q 0 0 0 rg BT 463.68 343.75 Td (from ) Tj ET Q q 0 0 0 rg BT 486.16 343.75 Td (time ) Tj ET Q q 0 0 0 rg BT 507.53 343.75 Td (to ) Tj ET Q q 0 0 0 rg BT 518.35 343.75 Td (time, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 331.75 Td (be ) Tj ET Q q 0 0 0 rg BT 85.67 331.75 Td (in ) Tj ET Q q 0 0 0 rg BT 95.99 331.75 Td (direct ) Tj ET Q q 0 0 0 rg BT 122.99 331.75 Td (competition ) Tj ET Q q 0 0 0 rg BT 176.67 331.75 Td (with ) Tj ET Q q 0 0 0 rg BT 196.99 331.75 Td (those ) Tj ET Q q 0 0 0 rg BT 224.00 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 234.88 331.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 267.99 331.75 Td (or ) Tj ET Q q 0 0 0 rg BT 279.43 331.75 Td (with ) Tj ET Q q 0 0 0 rg BT 299.75 331.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 333.98 331.75 Td (which ) Tj ET Q q 0 0 0 rg BT 362.09 331.75 Td (may) Tj ET Q q 0 0 0 rg BT 380.24 331.75 Td (, ) Tj ET Q q 0 0 0 rg BT 385.56 331.75 Td (from ) Tj ET Q q 0 0 0 rg BT 408.10 331.75 Td (time ) Tj ET Q q 0 0 0 rg BT 429.54 331.75 Td (to ) Tj ET Q q 0 0 0 rg BT 440.42 331.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 464.63 331.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 499.97 331.75 Td (financing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 85.84 319.75 Td (or ) Tj ET Q q 0 0 0 rg BT 97.46 319.75 Td (make ) Tj ET Q q 0 0 0 rg BT 124.64 319.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 154.05 319.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 210.13 319.75 Td (in, ) Tj ET Q q 0 0 0 rg BT 223.42 319.75 Td (competitors ) Tj ET Q q 0 0 0 rg BT 277.83 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 288.89 319.75 Td (Baytex. ) Tj ET Q q 0 0 0 rg BT 324.97 319.75 Td (Conflicts, ) Tj ET Q q 0 0 0 rg BT 368.82 319.75 Td (if ) Tj ET Q q 0 0 0 rg BT 376.54 319.75 Td (any) Tj ET Q q 0 0 0 rg BT 391.92 319.75 Td (, ) Tj ET Q q 0 0 0 rg BT 397.43 319.75 Td (will ) Tj ET Q q 0 0 0 rg BT 414.04 319.75 Td (be ) Tj ET Q q 0 0 0 rg BT 427.89 319.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 462.30 319.75 Td (to ) Tj ET Q q 0 0 0 rg BT 473.36 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 489.99 319.75 Td (procedures ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.03 307.75 Td (remedies ) Tj ET Q q 0 0 0 rg BT 134.50 307.75 Td (available ) Tj ET Q q 0 0 0 rg BT 176.31 307.75 Td (under ) Tj ET Q q 0 0 0 rg BT 204.23 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.00 307.75 Td (ABCA. ) Tj ET Q q 0 0 0 rg BT 252.20 307.75 Td (The ) Tj ET Q q 0 0 0 rg BT 271.31 307.75 Td (ABCA) Tj ET Q q 0 0 0 rg BT 297.99 307.75 Td ( ) Tj ET Q q 0 0 0 rg BT 300.33 307.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 340.47 307.75 Td (that ) Tj ET Q q 0 0 0 rg BT 359.49 307.75 Td (in ) Tj ET Q q 0 0 0 rg BT 369.62 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 385.86 307.75 Td (event ) Tj ET Q q 0 0 0 rg BT 412.66 307.75 Td (that ) Tj ET Q q 0 0 0 rg BT 431.69 307.75 Td (a ) Tj ET Q q 0 0 0 rg BT 439.59 307.75 Td (director ) Tj ET Q q 0 0 0 rg BT 475.27 307.75 Td (has ) Tj ET Q q 0 0 0 rg BT 493.74 307.75 Td (an ) Tj ET Q q 0 0 0 rg BT 507.20 307.75 Td (interest ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.15 295.75 Td (a ) Tj ET Q q 0 0 0 rg BT 92.08 295.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 131.02 295.75 Td (or ) Tj ET Q q 0 0 0 rg BT 143.28 295.75 Td (proposed ) Tj ET Q q 0 0 0 rg BT 188.34 295.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 227.28 295.75 Td (or ) Tj ET Q q 0 0 0 rg BT 239.54 295.75 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 293.49 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.76 295.75 Td (director ) Tj ET Q q 0 0 0 rg BT 347.47 295.75 Td (will ) Tj ET Q q 0 0 0 rg BT 364.73 295.75 Td (disclose ) Tj ET Q q 0 0 0 rg BT 404.22 295.75 Td (his ) Tj ET Q q 0 0 0 rg BT 420.37 295.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 456.53 295.75 Td (in ) Tj ET Q q 0 0 0 rg BT 467.68 295.75 Td (such ) Tj ET Q q 0 0 0 rg BT 492.17 295.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 531.11 295.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 121.28 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.43 283.75 Td (will ) Tj ET Q q 0 0 0 rg BT 154.79 283.75 Td (refrain ) Tj ET Q q 0 0 0 rg BT 184.61 283.75 Td (from ) Tj ET Q q 0 0 0 rg BT 206.08 283.75 Td (voting ) Tj ET Q q 0 0 0 rg BT 234.23 283.75 Td (on ) Tj ET Q q 0 0 0 rg BT 246.83 283.75 Td (any ) Tj ET Q q 0 0 0 rg BT 264.42 283.75 Td (matter ) Tj ET Q q 0 0 0 rg BT 294.23 283.75 Td (in ) Tj ET Q q 0 0 0 rg BT 303.48 283.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 337.75 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 347.56 283.75 Td (such ) Tj ET Q q 0 0 0 rg BT 370.15 283.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 407.19 283.75 Td (or ) Tj ET Q q 0 0 0 rg BT 417.56 283.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 466.83 283.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 497.21 283.75 Td (otherwise ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 113.14 271.75 Td (in ) Tj ET Q q 0 0 0 rg BT 123.70 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 139.83 271.75 Td (ABCA. ) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I73 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 223.00 238.75 Td (AUDIT COMMITTEE INFORMA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 365.02 238.75 Td (TION) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 214.75 Td (Audit ) Tj ET Q 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 414.40 Td (External ) Tj ET Q q 0 0 0 rg BT 113.87 414.40 Td (Auditor ) Tj ET Q q 0 0 0 rg BT 152.20 414.40 Td (Service ) Tj ET Q q 0 0 0 rg BT 190.56 414.40 Td (Fees ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 393.40 Td (The ) Tj ET Q q 0 0 0 rg BT 92.78 393.40 Td (following ) Tj ET Q q 0 0 0 rg BT 135.25 393.40 Td (table ) Tj ET Q q 0 0 0 rg BT 160.49 393.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 201.84 393.40 Td (information ) Tj ET Q q 0 0 0 rg BT 254.86 393.40 Td (about ) Tj ET Q q 0 0 0 rg BT 283.43 393.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.89 393.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 323.34 393.40 Td (billed ) Tj ET Q q 0 0 0 rg BT 350.24 393.40 Td (to ) Tj ET Q q 0 0 0 rg BT 362.14 393.40 Td (us ) Tj ET Q q 0 0 0 rg BT 376.25 393.40 Td (and ) Tj ET Q q 0 0 0 rg BT 396.49 393.40 Td (our ) Tj ET Q q 0 0 0 rg BT 414.49 393.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 470.85 393.40 Td (for ) Tj ET Q q 0 0 0 rg BT 486.07 393.40 Td (professional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 381.40 Td (services ) Tj ET Q q 0 0 0 rg BT 111.45 381.40 Td (rendered ) Tj ET Q q 0 0 0 rg BT 154.26 381.40 Td (by ) Tj ET Q q 0 0 0 rg BT 167.60 381.40 Td (our ) Tj ET Q q 0 0 0 rg BT 184.83 381.40 Td (external ) Tj ET Q q 0 0 0 rg BT 223.19 381.40 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 264.32 381.40 Td (during ) Tj ET Q q 0 0 0 rg BT 294.90 381.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 320.46 381.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 345.48 381.40 Td (and ) Tj ET Q q 0 0 0 rg BT 364.94 381.40 Td (2017: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 87.5 345.9 m 144.5 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 149.5 345.9 m 214.5 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 345.9 m 313.5 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 345.9 m 368.5 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 345.9 m 445.5 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 345.9 m 523.5 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 345.9 m 368.5 345.9 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.40 351.60 Td (Y) Tj ET Q q 0 0 0 rg BT 111.99 351.60 Td (ear) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.40 351.60 Td (Audit Fees) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 199.42 355.89 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.90 351.60 Td (Audit-Related Fees) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 300.94 355.89 Td (\(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.15 351.60 Td (T) Tj ET Q q 0 0 0 rg BT 325.65 351.60 Td (ax Fees) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 357.66 355.89 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.65 351.60 Td (All Other Fees) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 434.17 355.89 Td (\(4\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 351.60 Td (T) Tj ET Q q 0 0 0 rg BT 481.45 351.60 Td (otal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 105.45 336.85 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 152.00 334.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.95 334.30 Td (973) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.00 334.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.95 334.30 Td (199) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 334.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 334.30 Td (30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 336.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.00 336.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.00 336.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.45 336.85 Td (1,202) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 105.45 320.85 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 152.00 320.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.95 320.85 Td (684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.00 320.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.95 320.85 Td (50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 320.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.00 320.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 320.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.95 320.85 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.00 320.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.95 320.85 Td (739) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 304.80 Td (Notes:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 292.20 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 292.20 Td (Audit ) Tj ET Q q 0 0 0 rg BT 128.05 292.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 144.98 292.20 Td (consist ) Tj ET Q q 0 0 0 rg BT 171.69 292.20 Td (of ) Tj ET Q q 0 0 0 rg BT 180.17 292.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 197.10 292.20 Td (for ) Tj ET Q q 0 0 0 rg BT 208.25 292.20 Td (the ) Tj ET Q q 0 0 0 rg BT 221.18 292.20 Td (audit ) Tj ET Q q 0 0 0 rg BT 240.34 292.20 Td (of ) Tj ET Q q 0 0 0 rg BT 248.83 292.20 Td (our ) Tj ET Q q 0 0 0 rg BT 262.20 292.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 288.04 292.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.20 292.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 360.14 292.20 Td (or ) Tj ET Q q 0 0 0 rg BT 369.06 292.20 Td (services ) Tj ET Q q 0 0 0 rg BT 400.22 292.20 Td (that ) Tj ET Q q 0 0 0 rg BT 415.37 292.20 Td (are ) Tj ET Q q 0 0 0 rg BT 428.75 292.20 Td (normally ) Tj ET Q q 0 0 0 rg BT 460.79 292.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 493.29 292.20 Td (in ) Tj ET Q q 0 0 0 rg BT 501.32 292.20 Td (connection ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 282.60 Td (with ) Tj ET Q q 0 0 0 rg BT 124.81 282.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 158.07 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.01 282.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 212.16 282.60 Td (filings ) Tj ET Q q 0 0 0 rg BT 235.20 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 244.90 282.60 Td (engagements. ) Tj ET Q q 0 0 0 rg BT 298.19 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 300.77 282.60 Td (In ) Tj ET Q q 0 0 0 rg BT 310.03 282.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 340.63 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.89 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.59 282.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 381.30 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 393.22 282.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 419.83 282.60 Td (audits ) Tj ET Q q 0 0 0 rg BT 443.76 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.01 282.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.95 282.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 526.66 282.60 Td (and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 273.00 Td (review ) Tj ET Q q 0 0 0 rg BT 133.77 273.00 Td (of ) Tj ET Q q 0 0 0 rg BT 143.10 273.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 176.88 273.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.88 273.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 252.89 273.00 Td (services ) Tj ET Q q 0 0 0 rg BT 284.89 273.00 Td (in ) Tj ET Q q 0 0 0 rg BT 293.77 273.00 Td (this ) Tj ET Q q 0 0 0 rg BT 308.87 273.00 Td (category ) Tj ET Q q 0 0 0 rg BT 342.21 273.00 Td (for ) Tj ET Q q 0 0 0 rg BT 354.20 273.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 375.08 273.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 395.53 273.00 Td (and ) Tj ET Q q 0 0 0 rg BT 411.54 273.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 431.99 273.00 Td (also ) Tj ET Q q 0 0 0 rg BT 449.32 273.00 Td (include ) Tj ET Q q 0 0 0 rg BT 477.32 273.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 510.66 273.00 Td (for ) Tj ET Q q 0 0 0 rg BT 522.65 273.00 Td (audit ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 263.40 Td (work ) Tj ET Q q 0 0 0 rg BT 127.05 263.40 Td (performed ) Tj ET Q q 0 0 0 rg BT 165.68 263.40 Td (in ) Tj ET Q q 0 0 0 rg BT 174.07 263.40 Td (relation ) Tj ET Q q 0 0 0 rg BT 202.47 263.40 Td (to ) Tj ET Q q 0 0 0 rg BT 211.30 263.40 Td (the ) Tj ET Q q 0 0 0 rg BT 224.59 263.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 273.44 263.40 Td (of ) Tj ET Q q 0 0 0 rg BT 282.27 263.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 311.12 263.40 Td (404 ) Tj ET Q q 0 0 0 rg BT 326.63 263.40 Td (of ) Tj ET Q q 0 0 0 rg BT 335.47 263.40 Td (the ) Tj ET Q q 0 0 0 rg BT 348.75 263.40 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 407.84 263.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 421.56 263.40 Td (of ) Tj ET Q q 0 0 0 rg BT 430.40 263.40 Td (2002 ) Tj ET Q q 0 0 0 rg BT 450.36 263.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 478.76 263.40 Td (to ) Tj ET Q q 0 0 0 rg BT 487.60 263.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 516.00 263.40 Td (control ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 253.80 Td (over ) Tj ET Q q 0 0 0 rg BT 125.79 253.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.36 253.80 Td (reporting.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 241.20 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 241.20 Td (Audit-related ) Tj ET Q q 0 0 0 rg BT 155.72 241.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 173.20 241.20 Td (consist ) Tj ET Q q 0 0 0 rg BT 200.45 241.20 Td (of ) Tj ET Q q 0 0 0 rg BT 209.48 241.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 226.96 241.20 Td (for ) Tj ET Q q 0 0 0 rg BT 238.65 241.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 277.92 241.20 Td (and ) Tj ET Q q 0 0 0 rg BT 293.63 241.20 Td (related ) Tj ET Q q 0 0 0 rg BT 320.44 241.20 Td (services ) Tj ET Q q 0 0 0 rg BT 352.14 241.20 Td (that ) Tj ET Q q 0 0 0 rg BT 367.84 241.20 Td (are ) Tj ET Q q 0 0 0 rg BT 381.76 241.20 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 423.26 241.20 Td (related ) Tj ET Q q 0 0 0 rg BT 450.07 241.20 Td (to ) Tj ET Q q 0 0 0 rg BT 459.10 241.20 Td (the ) Tj ET Q q 0 0 0 rg BT 472.58 241.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 519.85 241.20 Td (of ) Tj ET Q q 0 0 0 rg BT 528.88 241.20 Td (the ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 231.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 127.65 231.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.06 231.60 Td (review ) Tj ET Q q 0 0 0 rg BT 162.48 231.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.45 231.60 Td (our ) Tj ET Q q 0 0 0 rg BT 185.32 231.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.97 231.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 258.40 231.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.05 231.60 Td (are ) Tj ET Q q 0 0 0 rg BT 287.91 231.60 Td (not ) Tj ET Q q 0 0 0 rg BT 301.33 231.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 333.43 231.60 Td (as ) Tj ET Q q 0 0 0 rg BT 343.72 231.60 Td (Audit ) Tj ET Q q 0 0 0 rg BT 364.26 231.60 Td (Fees. ) Tj ET Q q 0 0 0 rg BT 386.57 231.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.87 231.60 Td (For ) Tj ET Q q 0 0 0 rg BT 403.17 231.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 423.70 231.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 446.02 231.60 Td (audit-related ) Tj ET Q q 0 0 0 rg BT 492.79 231.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 510.21 231.60 Td (included ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 222.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 125.34 222.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 165.81 222.00 Td (with ) Tj ET Q q 0 0 0 rg BT 182.26 222.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 218.27 222.00 Td (filings ) Tj ET Q q 0 0 0 rg BT 240.95 222.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 281.42 222.00 Td (with ) Tj ET Q q 0 0 0 rg BT 297.87 222.00 Td (the ) Tj ET Q q 0 0 0 rg BT 311.21 222.00 Td (Raging ) Tj ET Q q 0 0 0 rg BT 338.79 222.00 Td (River ) Tj ET Q q 0 0 0 rg BT 359.68 222.00 Td (strategic ) Tj ET Q q 0 0 0 rg BT 392.13 222.00 Td (combination.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 209.40 Td (\(3\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 209.40 Td (T) Tj ET Q q 0 0 0 rg BT 112.00 209.40 Td (ax ) Tj ET Q q 0 0 0 rg BT 122.68 209.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 140.04 209.40 Td (include ) Tj ET Q q 0 0 0 rg BT 167.62 209.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 184.97 209.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 197.88 209.40 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 242.80 209.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.70 209.40 Td (advice ) Tj ET Q q 0 0 0 rg BT 281.06 209.40 Td (and ) Tj ET Q q 0 0 0 rg BT 296.64 209.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 309.54 209.40 Td (planning. ) Tj ET Q q 0 0 0 rg BT 344.25 209.40 Td ( ) Tj ET Q q 0 0 0 rg BT 346.48 209.40 Td (For ) Tj ET Q q 0 0 0 rg BT 360.71 209.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 381.17 209.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 403.42 209.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.33 209.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 433.68 209.40 Td (include ) Tj ET Q q 0 0 0 rg BT 461.27 209.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 478.62 209.40 Td (associated ) Tj ET Q q 0 0 0 rg BT 519.10 209.40 Td (with ) Tj ET Q q 0 0 0 rg BT 535.56 209.40 Td (a ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 199.80 Td (transfer ) Tj ET Q q 0 0 0 rg BT 137.34 199.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 163.13 199.80 Td (study) Tj ET Q q 0 0 0 rg BT 181.66 199.80 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 187.20 Td (\(4\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 108.00 187.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 130.23 187.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 147.57 187.20 Td (include ) Tj ET Q q 0 0 0 rg BT 175.15 187.20 Td (all ) Tj ET Q q 0 0 0 rg BT 185.38 187.20 Td (other ) Tj ET Q q 0 0 0 rg BT 205.83 187.20 Td (non-audit ) Tj ET Q q 0 0 0 rg BT 241.41 187.20 Td (services.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I74 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 179.40 160.20 Td (LEGAL) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 213.11 160.20 Td ( PROCEEDINGS ) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 292.19 160.20 Td (AND REGULA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 358.12 160.20 Td (T) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 364.04 160.20 Td (OR) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 378.67 160.20 Td (Y) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 385.16 160.20 Td ( ) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 387.57 160.20 Td (ACTIONS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 136.20 Td (In ) Tj ET Q q 0 0 0 rg BT 82.42 136.20 Td (June ) Tj ET Q q 0 0 0 rg BT 106.19 136.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 133.29 136.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 165.39 136.20 Td (indirect ) Tj ET Q q 0 0 0 rg BT 199.71 136.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 246.81 136.20 Td (entities ) Tj ET Q q 0 0 0 rg BT 280.57 136.20 Td (received ) Tj ET Q q 0 0 0 rg BT 320.45 136.20 Td (reassessments ) Tj ET Q q 0 0 0 rg BT 389.78 136.20 Td (from ) Tj ET Q q 0 0 0 rg BT 411.86 136.20 Td (the ) Tj ET Q q 0 0 0 rg BT 427.84 136.20 Td (Canada ) Tj ET Q q 0 0 0 rg BT 464.95 136.20 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 506.65 136.20 Td (Agency ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 124.20 Td (\(CRA\) ) Tj ET Q q 0 0 0 rg BT 102.63 124.20 Td (that ) Tj ET Q q 0 0 0 rg BT 122.17 124.20 Td (deny ) Tj ET Q q 0 0 0 rg BT 146.71 124.20 Td (non-capital ) Tj ET Q q 0 0 0 rg BT 198.49 124.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 219.13 124.20 Td (deductions ) Tj ET Q q 0 0 0 rg BT 270.35 124.20 Td (relevant ) Tj ET Q q 0 0 0 rg BT 308.79 124.20 Td (to ) Tj ET Q q 0 0 0 rg BT 319.98 124.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.74 124.20 Td (calculation ) Tj ET Q q 0 0 0 rg BT 386.85 124.20 Td (of ) Tj ET Q q 0 0 0 rg BT 398.05 124.20 Td (income ) Tj ET Q q 0 0 0 rg BT 433.14 124.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 459.90 124.20 Td (for ) Tj ET Q q 0 0 0 rg BT 474.42 124.20 Td (the ) Tj ET Q q 0 0 0 rg BT 491.18 124.20 Td (years ) Tj ET Q q 0 0 0 rg BT 518.49 124.20 Td (201) Tj ET Q q 0 0 0 rg BT 534.43 124.20 Td (1 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 112.20 Td (through ) Tj ET Q q 0 0 0 rg BT 108.66 112.20 Td (2015. ) Tj ET Q q 0 0 0 rg BT 136.26 112.20 Td (These ) Tj ET Q q 0 0 0 rg BT 166.80 112.20 Td (reassessments ) Tj ET Q q 0 0 0 rg BT 236.79 112.20 Td (follow ) Tj ET Q q 0 0 0 rg BT 265.11 112.20 Td (the ) Tj ET Q q 0 0 0 rg BT 281.76 112.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 329.53 112.20 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 373.97 112.20 Td (letter ) Tj ET Q q 0 0 0 rg BT 398.95 112.20 Td (which ) Tj ET Q q 0 0 0 rg BT 427.26 112.20 Td (we ) Tj ET Q q 0 0 0 rg BT 442.79 112.20 Td (received ) Tj ET Q q 0 0 0 rg BT 483.34 112.20 Td (in ) Tj ET Q q 0 0 0 rg BT 493.87 112.20 Td (November ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 100.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 97.02 100.20 Td (from ) Tj ET Q q 0 0 0 rg BT 119.80 100.20 Td (the ) Tj ET Q q 0 0 0 rg BT 136.48 100.20 Td (CRA, ) Tj ET Q q 0 0 0 rg BT 163.15 100.20 Td (proposing ) Tj ET Q q 0 0 0 rg BT 209.85 100.20 Td (to ) Tj ET Q q 0 0 0 rg BT 220.97 100.20 Td (issue ) Tj ET Q q 0 0 0 rg BT 247.09 100.20 Td (such ) Tj ET Q q 0 0 0 rg BT 270.99 100.20 Td (reassessments.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.26 712.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.39 712.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 122.52 712.75 Td (confident ) Tj ET Q q 0 0 0 rg BT 165.68 712.75 Td (that ) Tj ET Q q 0 0 0 rg BT 184.92 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 201.39 712.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.30 712.75 Td (filings ) Tj ET Q q 0 0 0 rg BT 245.43 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 256.34 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 272.81 712.75 Td (af) Tj ET Q q 0 0 0 rg BT 280.97 712.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 310.78 712.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 345.03 712.75 Td (are ) Tj ET Q q 0 0 0 rg BT 362.05 712.75 Td (correct ) Tj ET Q q 0 0 0 rg BT 395.18 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.43 712.75 Td (are ) Tj ET Q q 0 0 0 rg BT 431.46 712.75 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 479.04 712.75 Td (defending ) Tj ET Q q 0 0 0 rg BT 525.54 712.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 88.37 700.75 Td (filing ) Tj ET Q q 0 0 0 rg BT 111.98 700.75 Td (positions. ) Tj ET Q q 0 0 0 rg BT 157.06 700.75 Td (The ) Tj ET Q q 0 0 0 rg BT 177.33 700.75 Td (reassessments ) Tj ET Q q 0 0 0 rg BT 247.61 700.75 Td (do ) Tj ET Q q 0 0 0 rg BT 261.76 700.75 Td (not ) Tj ET Q q 0 0 0 rg BT 278.70 700.75 Td (require ) Tj ET Q q 0 0 0 rg BT 312.86 700.75 Td (us ) Tj ET Q q 0 0 0 rg BT 326.46 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.83 700.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 356.99 700.75 Td (any ) Tj ET Q q 0 0 0 rg BT 376.15 700.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 417.54 700.75 Td (in ) Tj ET Q q 0 0 0 rg BT 428.36 700.75 Td (order ) Tj ET Q q 0 0 0 rg BT 454.73 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 466.11 700.75 Td (participate ) Tj ET Q q 0 0 0 rg BT 515.28 700.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.10 700.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 688.75 Td (appeals ) Tj ET Q q 0 0 0 rg BT 109.81 688.75 Td (process. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 667.75 Td (In ) Tj ET Q q 0 0 0 rg BT 83.57 667.75 Td (September ) Tj ET Q q 0 0 0 rg BT 135.72 667.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 163.98 667.75 Td (we ) Tj ET Q q 0 0 0 rg BT 180.00 667.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 201.58 667.75 Td (a ) Tj ET Q q 0 0 0 rg BT 210.38 667.75 Td (notice ) Tj ET Q q 0 0 0 rg BT 240.29 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 251.87 667.75 Td (objection ) Tj ET Q q 0 0 0 rg BT 295.13 667.75 Td (for ) Tj ET Q q 0 0 0 rg BT 310.04 667.75 Td (each ) Tj ET Q q 0 0 0 rg BT 334.96 667.75 Td (notice ) Tj ET Q q 0 0 0 rg BT 364.88 667.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.45 667.75 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 441.93 667.75 Td (received ) Tj ET Q q 0 0 0 rg BT 482.96 667.75 Td (which ) Tj ET Q q 0 0 0 rg BT 511.76 667.75 Td (will ) Tj ET Q q 0 0 0 rg BT 528.88 667.75 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 114.78 655.75 Td (by ) Tj ET Q q 0 0 0 rg BT 128.09 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 144.21 655.75 Td (Appeals ) Tj ET Q q 0 0 0 rg BT 183.10 655.75 Td (Division ) Tj ET Q q 0 0 0 rg BT 220.87 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 231.96 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.62 655.75 Td (CRA. ) Tj ET Q q 0 0 0 rg BT 274.72 655.75 Td (An ) Tj ET Q q 0 0 0 rg BT 289.16 655.75 Td (Appeals ) Tj ET Q q 0 0 0 rg BT 328.06 655.75 Td (Of) Tj ET Q q 0 0 0 rg BT 338.43 655.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 360.08 655.75 Td (was ) Tj ET Q q 0 0 0 rg BT 380.62 655.75 Td (assigned ) Tj ET Q q 0 0 0 rg BT 423.41 655.75 Td (to ) Tj ET Q q 0 0 0 rg BT 434.50 655.75 Td (our ) Tj ET Q q 0 0 0 rg BT 451.71 655.75 Td (file ) Tj ET Q q 0 0 0 rg BT 467.25 655.75 Td (in ) Tj ET Q q 0 0 0 rg BT 477.79 655.75 Td (July ) Tj ET Q q 0 0 0 rg BT 498.33 655.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 523.34 655.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (we ) Tj ET Q q 0 0 0 rg BT 87.78 643.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 128.56 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 145.46 643.75 Td (appeals ) Tj ET Q q 0 0 0 rg BT 183.48 643.75 Td (process ) Tj ET Q q 0 0 0 rg BT 221.49 643.75 Td (could ) Tj ET Q q 0 0 0 rg BT 248.39 643.75 Td (take ) Tj ET Q q 0 0 0 rg BT 270.29 643.75 Td (up ) Tj ET Q q 0 0 0 rg BT 284.41 643.75 Td (to ) Tj ET Q q 0 0 0 rg BT 295.74 643.75 Td (one ) Tj ET Q q 0 0 0 rg BT 315.42 643.75 Td (year) Tj ET Q q 0 0 0 rg BT 334.32 643.75 Td (. ) Tj ET Q q 0 0 0 rg BT 340.09 643.75 Td (If ) Tj ET Q q 0 0 0 rg BT 348.64 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 364.94 643.75 Td (Appeals ) Tj ET Q q 0 0 0 rg BT 404.08 643.75 Td (Division ) Tj ET Q q 0 0 0 rg BT 442.08 643.75 Td (upholds ) Tj ET Q q 0 0 0 rg BT 480.10 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.00 643.75 Td (notices ) Tj ET Q q 0 0 0 rg BT 531.68 643.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 631.75 Td (reassessment, ) Tj ET Q q 0 0 0 rg BT 140.18 631.75 Td (we ) Tj ET Q q 0 0 0 rg BT 156.12 631.75 Td (have ) Tj ET Q q 0 0 0 rg BT 180.97 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.03 631.75 Td (right ) Tj ET Q q 0 0 0 rg BT 220.64 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 232.14 631.75 Td (appeal ) Tj ET Q q 0 0 0 rg BT 265.32 631.75 Td (to ) Tj ET Q q 0 0 0 rg BT 276.82 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 293.68 631.75 Td (T) Tj ET Q q 0 0 0 rg BT 298.68 631.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 312.40 631.75 Td (Court ) Tj ET Q q 0 0 0 rg BT 340.01 631.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.50 631.75 Td (Canada; ) Tj ET Q q 0 0 0 rg BT 392.47 631.75 Td (a ) Tj ET Q q 0 0 0 rg BT 401.19 631.75 Td (process ) Tj ET Q q 0 0 0 rg BT 439.36 631.75 Td (that ) Tj ET Q q 0 0 0 rg BT 459.20 631.75 Td (we ) Tj ET Q q 0 0 0 rg BT 475.14 631.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 516.09 631.75 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 619.75 Td (take ) Tj ET Q q 0 0 0 rg BT 94.34 619.75 Td (a ) Tj ET Q q 0 0 0 rg BT 103.35 619.75 Td (further ) Tj ET Q q 0 0 0 rg BT 135.69 619.75 Td (two ) Tj ET Q q 0 0 0 rg BT 154.70 619.75 Td (years. ) Tj ET Q q 0 0 0 rg BT 185.37 619.75 Td (Should ) Tj ET Q q 0 0 0 rg BT 219.95 619.75 Td (we ) Tj ET Q q 0 0 0 rg BT 236.18 619.75 Td (be ) Tj ET Q q 0 0 0 rg BT 250.74 619.75 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 311.99 619.75 Td (at ) Tj ET Q q 0 0 0 rg BT 323.78 619.75 Td (the ) Tj ET Q q 0 0 0 rg BT 340.90 619.75 Td (T) Tj ET Q q 0 0 0 rg BT 345.90 619.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 359.90 619.75 Td (Court ) Tj ET Q q 0 0 0 rg BT 387.80 619.75 Td (of ) Tj ET Q q 0 0 0 rg BT 399.58 619.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 440.83 619.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 487.09 619.75 Td (appeals ) Tj ET Q q 0 0 0 rg BT 525.56 619.75 Td (are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 607.75 Td (available; ) Tj ET Q q 0 0 0 rg BT 117.03 607.75 Td (a ) Tj ET Q q 0 0 0 rg BT 125.37 607.75 Td (process ) Tj ET Q q 0 0 0 rg BT 163.16 607.75 Td (that ) Tj ET Q q 0 0 0 rg BT 182.62 607.75 Td (we ) Tj ET Q q 0 0 0 rg BT 198.18 607.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 238.75 607.75 Td (could ) Tj ET Q q 0 0 0 rg BT 265.44 607.75 Td (take ) Tj ET Q q 0 0 0 rg BT 287.12 607.75 Td (another ) Tj ET Q q 0 0 0 rg BT 323.81 607.75 Td (two ) Tj ET Q q 0 0 0 rg BT 342.15 607.75 Td (years ) Tj ET Q q 0 0 0 rg BT 369.38 607.75 Td (and ) Tj ET Q q 0 0 0 rg BT 388.85 607.75 Td (potentially ) Tj ET Q q 0 0 0 rg BT 436.65 607.75 Td (longer) Tj ET Q q 0 0 0 rg BT 463.90 607.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 586.75 Td (By ) Tj ET Q q 0 0 0 rg BT 86.04 586.75 Td (way ) Tj ET Q q 0 0 0 rg BT 106.19 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 116.90 586.75 Td (background, ) Tj ET Q q 0 0 0 rg BT 174.31 586.75 Td (we ) Tj ET Q q 0 0 0 rg BT 189.47 586.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 230.20 586.75 Td (several ) Tj ET Q q 0 0 0 rg BT 264.80 586.75 Td (privately ) Tj ET Q q 0 0 0 rg BT 304.41 586.75 Td (held ) Tj ET Q q 0 0 0 rg BT 325.68 586.75 Td (commercial ) Tj ET Q q 0 0 0 rg BT 379.17 586.75 Td (trusts ) Tj ET Q q 0 0 0 rg BT 405.99 586.75 Td (in ) Tj ET Q q 0 0 0 rg BT 416.14 586.75 Td (2010 ) Tj ET Q q 0 0 0 rg BT 440.76 586.75 Td (with ) Tj ET Q q 0 0 0 rg BT 460.91 586.75 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 519.98 586.75 Td (non-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 574.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 104.48 574.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 136.41 574.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.32 574.75 Td ($591 ) Tj ET Q q 0 0 0 rg BT 174.15 574.75 Td (million ) Tj ET Q q 0 0 0 rg BT 206.06 574.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 226.87 574.75 Td ("Losses"\). ) Tj ET Q q 0 0 0 rg BT 275.11 574.75 Td (The ) Tj ET Q q 0 0 0 rg BT 295.92 574.75 Td (Losses ) Tj ET Q q 0 0 0 rg BT 331.18 574.75 Td (were ) Tj ET Q q 0 0 0 rg BT 356.43 574.75 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 418.94 574.75 Td (used ) Tj ET Q q 0 0 0 rg BT 444.20 574.75 Td (to ) Tj ET Q q 0 0 0 rg BT 456.12 574.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 490.27 574.75 Td (the ) Tj ET Q q 0 0 0 rg BT 507.75 574.75 Td (taxable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 562.75 Td (income ) Tj ET Q q 0 0 0 rg BT 107.73 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.57 562.75 Td (those ) Tj ET Q q 0 0 0 rg BT 147.53 562.75 Td (trusts. ) Tj ET Q q 0 0 0 rg BT 178.02 562.75 Td (The ) Tj ET Q q 0 0 0 rg BT 198.75 562.75 Td (reassessments ) Tj ET Q q 0 0 0 rg BT 269.49 562.75 Td (disallow ) Tj ET Q q 0 0 0 rg BT 308.56 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.96 562.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 372.82 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.66 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 402.06 562.75 Td (Losses ) Tj ET Q q 0 0 0 rg BT 437.24 562.75 Td (under ) Tj ET Q q 0 0 0 rg BT 466.31 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 483.71 562.75 Td (general ) Tj ET Q q 0 0 0 rg BT 520.56 562.75 Td (anti-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.75 Td (avoidance ) Tj ET Q q 0 0 0 rg BT 121.43 550.75 Td (rule ) Tj ET Q q 0 0 0 rg BT 141.95 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.13 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 171.87 550.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 208.26 550.75 Td (T) Tj ET Q q 0 0 0 rg BT 213.26 550.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 226.90 550.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 245.19 550.75 Td (\(Canada\). ) Tj ET Q q 0 0 0 rg BT 293.50 550.75 Td (If, ) Tj ET Q q 0 0 0 rg BT 305.68 550.75 Td (after ) Tj ET Q q 0 0 0 rg BT 329.53 550.75 Td (exhausting ) Tj ET Q q 0 0 0 rg BT 381.74 550.75 Td (available ) Tj ET Q q 0 0 0 rg BT 425.05 550.75 Td (appeals, ) Tj ET Q q 0 0 0 rg BT 466.70 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 484.45 550.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 531.66 550.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 538.75 Td (Losses ) Tj ET Q q 0 0 0 rg BT 105.66 538.75 Td (continues ) Tj ET Q q 0 0 0 rg BT 150.43 538.75 Td (to ) Tj ET Q q 0 0 0 rg BT 160.75 538.75 Td (be ) Tj ET Q q 0 0 0 rg BT 173.84 538.75 Td (disallowed, ) Tj ET Q q 0 0 0 rg BT 225.28 538.75 Td (we ) Tj ET Q q 0 0 0 rg BT 240.04 538.75 Td (will ) Tj ET Q q 0 0 0 rg BT 255.90 538.75 Td (owe ) Tj ET Q q 0 0 0 rg BT 276.21 538.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.31 538.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 325.18 538.75 Td (for ) Tj ET Q q 0 0 0 rg BT 338.82 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 354.69 538.75 Td (years ) Tj ET Q q 0 0 0 rg BT 381.12 538.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 405.33 538.75 Td (through ) Tj ET Q q 0 0 0 rg BT 441.22 538.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 465.44 538.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.09 538.75 Td (an ) Tj ET Q q 0 0 0 rg BT 497.19 538.75 Td (additional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 526.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 109.78 526.75 Td (for ) Tj ET Q q 0 0 0 rg BT 125.88 526.75 Td (late ) Tj ET Q q 0 0 0 rg BT 146.43 526.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 189.21 526.75 Td (interest. ) Tj ET Q q 0 0 0 rg BT 228.92 526.75 Td (The ) Tj ET Q q 0 0 0 rg BT 250.58 526.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 288.36 526.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.13 526.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 326.67 526.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 355.00 526.75 Td (owing ) Tj ET Q q 0 0 0 rg BT 385.56 526.75 Td (and ) Tj ET Q q 0 0 0 rg BT 406.67 526.75 Td (the ) Tj ET Q q 0 0 0 rg BT 425.00 526.75 Td (late ) Tj ET Q q 0 0 0 rg BT 445.55 526.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 488.33 526.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 525.55 526.75 Td (are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 514.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 122.06 514.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 147.09 514.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.77 514.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 199.91 514.75 Td (of ) Tj ET Q q 0 0 0 rg BT 211.04 514.75 Td (unused ) Tj ET Q q 0 0 0 rg BT 246.63 514.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 262.76 514.75 Td (shelter ) Tj ET Q q 0 0 0 rg BT 295.56 514.75 Td (available ) Tj ET Q q 0 0 0 rg BT 337.81 514.75 Td (to ) Tj ET Q q 0 0 0 rg BT 348.94 514.75 Td (of) Tj ET Q q 0 0 0 rg BT 357.10 514.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 376.00 514.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.69 514.75 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 446.61 514.75 Td (income, ) Tj ET Q q 0 0 0 rg BT 484.41 514.75 Td (including ) Tj ET Q q 0 0 0 rg BT 526.67 514.75 Td (tax ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (shelter ) Tj ET Q q 0 0 0 rg BT 104.79 502.75 Td (from ) Tj ET Q q 0 0 0 rg BT 127.57 502.75 Td (future ) Tj ET Q q 0 0 0 rg BT 155.92 502.75 Td (years ) Tj ET Q q 0 0 0 rg BT 183.15 502.75 Td (that ) Tj ET Q q 0 0 0 rg BT 202.61 502.75 Td (may ) Tj ET Q q 0 0 0 rg BT 224.28 502.75 Td (be ) Tj ET Q q 0 0 0 rg BT 238.18 502.75 Td (applied ) Tj ET Q q 0 0 0 rg BT 273.21 502.75 Td (to ) Tj ET Q q 0 0 0 rg BT 284.33 502.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.01 502.75 Td (years ) Tj ET Q q 0 0 0 rg BT 328.24 502.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 353.26 502.75 Td (through ) Tj ET Q q 0 0 0 rg BT 389.96 502.75 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 100.02 481.75 Td (than ) Tj ET Q q 0 0 0 rg BT 122.50 481.75 Td (the ) Tj ET Q q 0 0 0 rg BT 139.42 481.75 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 186.91 481.75 Td (there ) Tj ET Q q 0 0 0 rg BT 212.72 481.75 Td (are ) Tj ET Q q 0 0 0 rg BT 230.18 481.75 Td (no ) Tj ET Q q 0 0 0 rg BT 244.32 481.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 268.46 481.75 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 325.96 481.75 Td (that ) Tj ET Q q 0 0 0 rg BT 345.65 481.75 Td (we ) Tj ET Q q 0 0 0 rg BT 361.45 481.75 Td (are ) Tj ET Q q 0 0 0 rg BT 378.92 481.75 Td (or ) Tj ET Q q 0 0 0 rg BT 390.82 481.75 Td (were ) Tj ET Q q 0 0 0 rg BT 415.51 481.75 Td (a ) Tj ET Q q 0 0 0 rg BT 424.09 481.75 Td (party ) Tj ET Q q 0 0 0 rg BT 449.33 481.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 463.47 481.75 Td (or ) Tj ET Q q 0 0 0 rg BT 475.37 481.75 Td (that ) Tj ET Q q 0 0 0 rg BT 495.06 481.75 Td (any ) Tj ET Q q 0 0 0 rg BT 514.20 481.75 Td (of ) Tj ET Q q 0 0 0 rg BT 525.56 481.75 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (property ) Tj ET Q q 0 0 0 rg BT 110.91 469.75 Td (is ) Tj ET Q q 0 0 0 rg BT 120.35 469.75 Td (or ) Tj ET Q q 0 0 0 rg BT 131.47 469.75 Td (was ) Tj ET Q q 0 0 0 rg BT 151.48 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 167.60 469.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 201.51 469.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 214.85 469.75 Td (during ) Tj ET Q q 0 0 0 rg BT 244.87 469.75 Td (our ) Tj ET Q q 0 0 0 rg BT 261.55 469.75 Td (most ) Tj ET Q q 0 0 0 rg BT 285.44 469.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 322.68 469.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 371.04 469.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.96 469.75 Td (year) Tj ET Q q 0 0 0 rg BT 428.86 469.75 Td (, ) Tj ET Q q 0 0 0 rg BT 433.86 469.75 Td (that ) Tj ET Q q 0 0 0 rg BT 452.76 469.75 Td (were ) Tj ET Q q 0 0 0 rg BT 476.66 469.75 Td (or ) Tj ET Q q 0 0 0 rg BT 487.78 469.75 Td (are ) Tj ET Q q 0 0 0 rg BT 504.45 469.75 Td (material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 457.75 Td (to ) Tj ET Q q 0 0 0 rg BT 82.41 457.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 97.81 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 457.75 Td (there ) Tj ET Q q 0 0 0 rg BT 141.42 457.75 Td (are ) Tj ET Q q 0 0 0 rg BT 157.94 457.75 Td (no ) Tj ET Q q 0 0 0 rg BT 171.13 457.75 Td (such ) Tj ET Q q 0 0 0 rg BT 194.32 457.75 Td (material ) Tj ET Q q 0 0 0 rg BT 231.95 457.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 255.14 457.75 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 311.69 457.75 Td (that ) Tj ET Q q 0 0 0 rg BT 330.44 457.75 Td (we ) Tj ET Q q 0 0 0 rg BT 345.29 457.75 Td (are ) Tj ET Q q 0 0 0 rg BT 361.81 457.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 402.22 457.75 Td (aware ) Tj ET Q q 0 0 0 rg BT 431.52 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 441.92 457.75 Td (that ) Tj ET Q q 0 0 0 rg BT 460.67 457.75 Td (are ) Tj ET Q q 0 0 0 rg BT 477.19 457.75 Td (contemplated.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (There ) Tj ET Q q 0 0 0 rg BT 101.11 436.75 Td (were ) Tj ET Q q 0 0 0 rg BT 125.77 436.75 Td (no: ) Tj ET Q q 0 0 0 rg BT 142.66 436.75 Td (\(i\)penalties ) Tj ET Q q 0 0 0 rg BT 197.33 436.75 Td (or ) Tj ET Q q 0 0 0 rg BT 209.21 436.75 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 254.44 436.75 Td (imposed ) Tj ET Q q 0 0 0 rg BT 295.23 436.75 Td (against ) Tj ET Q q 0 0 0 rg BT 330.46 436.75 Td (us ) Tj ET Q q 0 0 0 rg BT 344.00 436.75 Td (by ) Tj ET Q q 0 0 0 rg BT 357.55 436.75 Td (a ) Tj ET Q q 0 0 0 rg BT 366.10 436.75 Td (court ) Tj ET Q q 0 0 0 rg BT 391.32 436.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 427.10 436.75 Td (to ) Tj ET Q q 0 0 0 rg BT 438.43 436.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.65 436.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 531.11 436.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (by ) Tj ET Q q 0 0 0 rg BT 85.22 424.75 Td (a ) Tj ET Q q 0 0 0 rg BT 93.44 424.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 138.34 424.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 185.46 424.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 226.48 424.75 Td (during ) Tj ET Q q 0 0 0 rg BT 256.93 424.75 Td (our ) Tj ET Q q 0 0 0 rg BT 274.05 424.75 Td (most ) Tj ET Q q 0 0 0 rg BT 298.38 424.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 336.05 424.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 384.85 424.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 424.20 424.75 Td (year; ) Tj ET Q q 0 0 0 rg BT 449.09 424.75 Td (\(ii\)other ) Tj ET Q q 0 0 0 rg BT 488.42 424.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 531.11 424.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 412.75 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 117.25 412.75 Td (imposed ) Tj ET Q q 0 0 0 rg BT 158.05 412.75 Td (by ) Tj ET Q q 0 0 0 rg BT 171.62 412.75 Td (a ) Tj ET Q q 0 0 0 rg BT 180.19 412.75 Td (court ) Tj ET Q q 0 0 0 rg BT 205.42 412.75 Td (or ) Tj ET Q q 0 0 0 rg BT 217.32 412.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 264.79 412.75 Td (body ) Tj ET Q q 0 0 0 rg BT 289.48 412.75 Td (against ) Tj ET Q q 0 0 0 rg BT 324.73 412.75 Td (us ) Tj ET Q q 0 0 0 rg BT 338.30 412.75 Td (that ) Tj ET Q q 0 0 0 rg BT 357.98 412.75 Td (would ) Tj ET Q q 0 0 0 rg BT 387.12 412.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 412.35 412.75 Td (be ) Tj ET Q q 0 0 0 rg BT 426.48 412.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 478.40 412.75 Td (important ) Tj ET Q q 0 0 0 rg BT 523.09 412.75 Td (to ) Tj ET Q q 0 0 0 rg BT 534.44 412.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 124.56 400.75 Td (investor ) Tj ET Q q 0 0 0 rg BT 162.65 400.75 Td (in ) Tj ET Q q 0 0 0 rg BT 173.51 400.75 Td (making ) Tj ET Q q 0 0 0 rg BT 208.82 400.75 Td (an ) Tj ET Q q 0 0 0 rg BT 223.02 400.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 274.45 400.75 Td (decision; ) Tj ET Q q 0 0 0 rg BT 317.00 400.75 Td (or ) Tj ET Q q 0 0 0 rg BT 328.97 400.75 Td (\(iii\)settlement ) Tj ET Q q 0 0 0 rg BT 394.28 400.75 Td (agreements ) Tj ET Q q 0 0 0 rg BT 450.16 400.75 Td (we ) Tj ET Q q 0 0 0 rg BT 466.02 400.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 503.02 400.75 Td (into ) Tj ET Q q 0 0 0 rg BT 522.22 400.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (a ) Tj ET Q q 0 0 0 rg BT 81.30 388.75 Td (court ) Tj ET Q q 0 0 0 rg BT 107.28 388.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 143.82 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.90 388.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 201.88 388.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 250.10 388.75 Td (or ) Tj ET Q q 0 0 0 rg BT 262.73 388.75 Td (with ) Tj ET Q q 0 0 0 rg BT 284.26 388.75 Td (a ) Tj ET Q q 0 0 0 rg BT 293.56 388.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 339.54 388.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 387.75 388.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 429.85 388.75 Td (during ) Tj ET Q q 0 0 0 rg BT 461.39 388.75 Td (our ) Tj ET Q q 0 0 0 rg BT 479.58 388.75 Td (most ) Tj ET Q q 0 0 0 rg BT 505.00 388.75 Td (recently ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 376.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 120.92 376.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.38 376.75 Td (year) Tj ET Q q 0 0 0 rg BT 179.29 376.75 Td (.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I75 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 139.40 343.75 Td (INTEREST OF INSIDERS ) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 257.93 343.75 Td (AND OTHERS IN MA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 354.41 343.75 Td (TERIAL) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 390.34 343.75 Td ( TRANSACTIONS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 319.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 99.13 319.75 Td (than ) Tj ET Q q 0 0 0 rg BT 120.72 319.75 Td (in ) Tj ET Q q 0 0 0 rg BT 130.63 319.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 181.12 319.75 Td (with ) Tj ET Q q 0 0 0 rg BT 201.03 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.06 319.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 250.87 319.75 Td (River ) Tj ET Q q 0 0 0 rg BT 276.33 319.75 Td (merger ) Tj ET Q q 0 0 0 rg BT 310.13 319.75 Td (as ) Tj ET Q q 0 0 0 rg BT 322.82 319.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 366.63 319.75 Td (in ) Tj ET Q q 0 0 0 rg BT 376.54 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.56 319.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 413.03 319.75 Td (information ) Tj ET Q q 0 0 0 rg BT 464.62 319.75 Td (circular ) Tj ET Q q 0 0 0 rg BT 498.98 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 509.44 319.75 Td (Baytex ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.80 307.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 126.61 307.75 Td (River ) Tj ET Q q 0 0 0 rg BT 153.06 307.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 174.52 307.75 Td (on ) Tj ET Q q 0 0 0 rg BT 188.77 307.75 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 226.34 307.75 Td (on ) Tj ET Q q 0 0 0 rg BT 240.58 307.75 Td (July ) Tj ET Q q 0 0 0 rg BT 261.48 307.75 Td (20, ) Tj ET Q q 0 0 0 rg BT 278.50 307.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 306.64 307.75 Td (there ) Tj ET Q q 0 0 0 rg BT 332.55 307.75 Td (were ) Tj ET Q q 0 0 0 rg BT 357.34 307.75 Td (no ) Tj ET Q q 0 0 0 rg BT 371.58 307.75 Td (material ) Tj ET Q q 0 0 0 rg BT 410.27 307.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 453.96 307.75 Td (direct ) Tj ET Q q 0 0 0 rg BT 481.53 307.75 Td (or ) Tj ET Q q 0 0 0 rg BT 493.54 307.75 Td (indirect, ) Tj ET Q q 0 0 0 rg BT 531.67 307.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (our ) Tj ET Q q 0 0 0 rg BT 89.98 295.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 131.86 295.75 Td (and ) Tj ET Q q 0 0 0 rg BT 152.08 295.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 197.85 295.75 Td (of) Tj ET Q q 0 0 0 rg BT 206.01 295.75 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 236.21 295.75 Td (any ) Tj ET Q q 0 0 0 rg BT 255.87 295.75 Td (holder ) Tj ET Q q 0 0 0 rg BT 287.20 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 299.07 295.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 343.17 295.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 378.38 295.75 Td (who ) Tj ET Q q 0 0 0 rg BT 400.26 295.75 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 453.26 295.75 Td (owns ) Tj ET Q q 0 0 0 rg BT 480.14 295.75 Td (or ) Tj ET Q q 0 0 0 rg BT 492.56 295.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 531.11 295.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (directs, ) Tj ET Q q 0 0 0 rg BT 105.63 283.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 138.71 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.45 283.75 Td (indirectly) Tj ET Q q 0 0 0 rg BT 187.16 283.75 Td (, ) Tj ET Q q 0 0 0 rg BT 191.34 283.75 Td (more ) Tj ET Q q 0 0 0 rg BT 215.52 283.75 Td (than ) Tj ET Q q 0 0 0 rg BT 236.39 283.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 248.91 283.75 Td (percent ) Tj ET Q q 0 0 0 rg BT 283.66 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 293.40 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 308.70 283.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 361.81 283.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 403.78 283.75 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 439.64 283.75 Td (or ) Tj ET Q q 0 0 0 rg BT 449.93 283.75 Td (any ) Tj ET Q q 0 0 0 rg BT 467.46 283.75 Td (known ) Tj ET Q q 0 0 0 rg BT 497.76 283.75 Td (associate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.82 271.75 Td (af) Tj ET Q q 0 0 0 rg BT 91.98 271.75 Td (filiate ) Tj ET Q q 0 0 0 rg BT 118.25 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 129.52 271.75 Td (such ) Tj ET Q q 0 0 0 rg BT 153.57 271.75 Td (persons, ) Tj ET Q q 0 0 0 rg BT 194.86 271.75 Td (in ) Tj ET Q q 0 0 0 rg BT 205.57 271.75 Td (any ) Tj ET Q q 0 0 0 rg BT 224.62 271.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 281.46 271.75 Td (within ) Tj ET Q q 0 0 0 rg BT 309.96 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.79 271.75 Td (three ) Tj ET Q q 0 0 0 rg BT 352.51 271.75 Td (most ) Tj ET Q q 0 0 0 rg BT 377.11 271.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 415.05 271.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 464.12 271.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 503.74 271.75 Td (years ) Tj ET Q q 0 0 0 rg BT 531.12 271.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 259.75 Td (since ) Tj ET Q q 0 0 0 rg BT 99.47 259.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.49 259.75 Td (beginning ) Tj ET Q q 0 0 0 rg BT 164.99 259.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.45 259.75 Td (our ) Tj ET Q q 0 0 0 rg BT 196.03 259.75 Td (last ) Tj ET Q q 0 0 0 rg BT 215.71 259.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 265.97 259.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.78 259.75 Td (year ) Tj ET Q q 0 0 0 rg BT 330.36 259.75 Td (which ) Tj ET Q q 0 0 0 rg BT 360.05 259.75 Td (has ) Tj ET Q q 0 0 0 rg BT 380.29 259.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 427.20 259.75 Td (af) Tj ET Q q 0 0 0 rg BT 435.36 259.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 466.73 259.75 Td (or ) Tj ET Q q 0 0 0 rg BT 479.74 259.75 Td (is ) Tj ET Q q 0 0 0 rg BT 491.08 259.75 Td (reasonably ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 115.36 247.75 Td (to ) Tj ET Q q 0 0 0 rg BT 126.48 247.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 172.05 247.75 Td (af) Tj ET Q q 0 0 0 rg BT 180.21 247.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 199.10 247.75 Td (us.) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 217.20 211.75 Td (TRANSFER ) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 274.05 211.75 Td (AGENT ) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 311.46 211.75 Td (AND REGISTRAR) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 187.75 Td (Computershare ) Tj ET Q q 0 0 0 rg BT 143.59 187.75 Td (T) Tj ET Q q 0 0 0 rg BT 149.33 187.75 Td (rust ) Tj ET Q q 0 0 0 rg BT 168.86 187.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.52 187.75 Td (of ) Tj ET Q q 0 0 0 rg BT 225.71 187.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 266.38 187.75 Td (at ) Tj ET Q q 0 0 0 rg BT 277.58 187.75 Td (its ) Tj ET Q q 0 0 0 rg BT 290.44 187.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 330.54 187.75 Td (of) Tj ET Q q 0 0 0 rg BT 338.69 187.75 Td (fices ) Tj ET Q q 0 0 0 rg BT 362.11 187.75 Td (in ) Tj ET Q q 0 0 0 rg BT 372.76 187.75 Td (Calgary) Tj ET Q q 0 0 0 rg BT 406.47 187.75 Td (, ) Tj ET Q q 0 0 0 rg BT 411.54 187.75 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 446.08 187.75 Td (and ) Tj ET Q q 0 0 0 rg BT 465.44 187.75 Td (T) Tj ET Q q 0 0 0 rg BT 470.44 187.75 Td (oronto, ) Tj ET Q q 0 0 0 rg BT 504.43 187.75 Td (Ontario, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 175.75 Td (is ) Tj ET Q q 0 0 0 rg BT 82.19 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.07 175.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 135.94 175.75 Td (agent ) Tj ET Q q 0 0 0 rg BT 163.93 175.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.59 175.75 Td (registrar ) Tj ET Q q 0 0 0 rg BT 223.24 175.75 Td (for ) Tj ET Q q 0 0 0 rg BT 237.88 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.75 175.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 298.29 175.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 332.94 175.75 Td (in ) Tj ET Q q 0 0 0 rg BT 343.70 175.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 384.48 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 401.35 175.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 426.57 175.75 Td (Debentures ) Tj ET Q q 0 0 0 rg BT 481.24 175.75 Td (and ) Tj ET Q q 0 0 0 rg BT 500.89 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 517.76 175.75 Td (2022 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 163.75 Td (Debentures. ) Tj ET Q q 0 0 0 rg BT 132.32 163.75 Td (Computershare ) Tj ET Q q 0 0 0 rg BT 204.11 163.75 Td (T) Tj ET Q q 0 0 0 rg BT 209.85 163.75 Td (rust ) Tj ET Q q 0 0 0 rg BT 229.58 163.75 Td (Company) Tj ET Q q 0 0 0 rg BT 271.64 163.75 Td (, ) Tj ET Q q 0 0 0 rg BT 277.48 163.75 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 302.77 163.75 Td (at ) Tj ET Q q 0 0 0 rg BT 314.18 163.75 Td (its ) Tj ET Q q 0 0 0 rg BT 327.25 163.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 367.55 163.75 Td (of) Tj ET Q q 0 0 0 rg BT 375.71 163.75 Td (fice ) Tj ET Q q 0 0 0 rg BT 394.34 163.75 Td (in ) Tj ET Q q 0 0 0 rg BT 405.19 163.75 Td (Canton, ) Tj ET Q q 0 0 0 rg BT 443.28 163.75 Td (Massachusetts, ) Tj ET Q q 0 0 0 rg BT 515.82 163.75 Td (is ) Tj ET Q q 0 0 0 rg BT 526.11 163.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 151.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 109.49 151.75 Td (agent ) Tj ET Q q 0 0 0 rg BT 138.11 151.75 Td (and ) Tj ET Q q 0 0 0 rg BT 158.39 151.75 Td (registrar ) Tj ET Q q 0 0 0 rg BT 198.65 151.75 Td (for ) Tj ET Q q 0 0 0 rg BT 213.92 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.41 151.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 275.57 151.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 310.85 151.75 Td (in ) Tj ET Q q 0 0 0 rg BT 322.22 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 339.71 151.75 Td (United ) Tj ET Q q 0 0 0 rg BT 372.21 151.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 406.93 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 424.43 151.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 450.27 151.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 479.98 151.75 Td (and ) Tj ET Q q 0 0 0 rg BT 500.26 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 517.75 151.75 Td (2024 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 139.75 Td (Notes. ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.85 43.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 247.85 712.75 Td (MA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 262.66 712.75 Td (TERIAL) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 298.59 712.75 Td ( CONTRACTS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 688.75 Td (Except ) Tj ET Q q 0 0 0 rg BT 104.97 688.75 Td (for ) Tj ET Q q 0 0 0 rg BT 119.03 688.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 162.00 688.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 198.31 688.75 Td (into ) Tj ET Q q 0 0 0 rg BT 216.82 688.75 Td (in ) Tj ET Q q 0 0 0 rg BT 227.00 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.30 688.75 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 281.82 688.75 Td (course ) Tj ET Q q 0 0 0 rg BT 314.23 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.96 688.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 369.60 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 385.90 688.75 Td (only ) Tj ET Q q 0 0 0 rg BT 406.64 688.75 Td (material ) Tj ET Q q 0 0 0 rg BT 444.60 688.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 487.57 688.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 523.88 688.75 Td (into ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (by ) Tj ET Q q 0 0 0 rg BT 84.82 676.75 Td (us ) Tj ET Q q 0 0 0 rg BT 97.64 676.75 Td (within ) Tj ET Q q 0 0 0 rg BT 125.46 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 141.62 676.75 Td (most ) Tj ET Q q 0 0 0 rg BT 165.55 676.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 202.82 676.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 251.21 676.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.16 676.75 Td (year) Tj ET Q q 0 0 0 rg BT 309.06 676.75 Td (, ) Tj ET Q q 0 0 0 rg BT 314.10 676.75 Td (or ) Tj ET Q q 0 0 0 rg BT 325.25 676.75 Td (before ) Tj ET Q q 0 0 0 rg BT 355.86 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 372.02 676.75 Td (most ) Tj ET Q q 0 0 0 rg BT 395.94 676.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 433.22 676.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 481.61 676.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.56 676.75 Td (year ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (but ) Tj ET Q q 0 0 0 rg BT 88.68 664.75 Td (are ) Tj ET Q q 0 0 0 rg BT 105.91 664.75 Td (still ) Tj ET Q q 0 0 0 rg BT 123.13 664.75 Td (material ) Tj ET Q q 0 0 0 rg BT 161.48 664.75 Td (and ) Tj ET Q q 0 0 0 rg BT 180.94 664.75 Td (are ) Tj ET Q q 0 0 0 rg BT 198.17 664.75 Td (still ) Tj ET Q q 0 0 0 rg BT 215.39 664.75 Td (in ) Tj ET Q q 0 0 0 rg BT 225.96 664.75 Td (ef) Tj ET Q q 0 0 0 rg BT 234.11 664.75 Td (fect, ) Tj ET Q q 0 0 0 rg BT 255.79 664.75 Td (are ) Tj ET Q q 0 0 0 rg BT 273.02 664.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.70 664.75 Td (following:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 643.75 Td (\(a\)the ) Tj ET Q q 0 0 0 rg BT 123.52 643.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 151.14 643.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 202.11 643.75 Td (in ) Tj ET Q q 0 0 0 rg BT 213.06 643.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 249.02 643.75 Td (of ) Tj ET Q q 0 0 0 rg BT 260.53 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.59 643.75 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 324.67 643.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 354.51 643.75 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 396.58 643.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 421.42 643.75 Td (on ) Tj ET Q q 0 0 0 rg BT 435.08 643.75 Td (April ) Tj ET Q q 0 0 0 rg BT 458.25 643.75 Td (13, ) Tj ET Q q 0 0 0 rg BT 475.32 643.75 Td (2016\), ) Tj ET Q q 0 0 0 rg BT 506.84 643.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.91 643.75 Td (first ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.00 631.75 Td (amendment ) Tj ET Q q 0 0 0 rg BT 162.10 631.75 Td (thereof ) Tj ET Q q 0 0 0 rg BT 195.53 631.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 219.50 631.75 Td (on ) Tj ET Q q 0 0 0 rg BT 232.91 631.75 Td (May ) Tj ET Q q 0 0 0 rg BT 254.10 631.75 Td (2, ) Tj ET Q q 0 0 0 rg BT 264.73 631.75 Td (2018\) ) Tj ET Q q 0 0 0 rg BT 292.60 631.75 Td (and ) Tj ET Q q 0 0 0 rg BT 311.58 631.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.78 631.75 Td (second ) Tj ET Q q 0 0 0 rg BT 362.32 631.75 Td (amendment ) Tj ET Q q 0 0 0 rg BT 417.42 631.75 Td (thereof ) Tj ET Q q 0 0 0 rg BT 450.85 631.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 474.81 631.75 Td (on ) Tj ET Q q 0 0 0 rg BT 488.23 631.75 Td (October ) Tj ET Q q 0 0 0 rg BT 526.10 631.75 Td (12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.00 619.75 Td (2018;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (\(b\)the ) Tj ET Q q 0 0 0 rg BT 123.13 598.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 150.36 598.75 Td (agreement ) Tj ET Q q 0 0 0 rg BT 200.95 598.75 Td (in ) Tj ET Q q 0 0 0 rg BT 211.51 598.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 247.08 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 258.20 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 274.70 598.75 Td (T) Tj ET Q q 0 0 0 rg BT 279.70 598.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 299.70 598.75 Td (Facility ) Tj ET Q q 0 0 0 rg BT 333.59 598.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 358.04 598.75 Td (on ) Tj ET Q q 0 0 0 rg BT 371.94 598.75 Td (October ) Tj ET Q q 0 0 0 rg BT 410.29 598.75 Td (12, ) Tj ET Q q 0 0 0 rg BT 426.97 598.75 Td (2018\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 577.75 Td (\(c\)Debt ) Tj ET Q q 0 0 0 rg BT 128.85 577.75 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 172.94 577.75 Td (#1 ) Tj ET Q q 0 0 0 rg BT 185.90 577.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 209.41 577.75 Td (on ) Tj ET Q q 0 0 0 rg BT 222.36 577.75 Td (January ) Tj ET Q q 0 0 0 rg BT 259.78 577.75 Td (10, ) Tj ET Q q 0 0 0 rg BT 275.51 577.75 Td (201) Tj ET Q q 0 0 0 rg BT 291.45 577.75 Td (1\) ) Tj ET Q q 0 0 0 rg BT 302.18 577.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.70 577.75 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 382.02 577.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 430.55 577.75 Td (thereto ) Tj ET Q q 0 0 0 rg BT 463.52 577.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 487.03 577.75 Td (on ) Tj ET Q q 0 0 0 rg BT 499.99 577.75 Td (February ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.00 565.75 Td (22, ) Tj ET Q q 0 0 0 rg BT 124.17 565.75 Td (201) Tj ET Q q 0 0 0 rg BT 140.11 565.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 151.71 565.75 Td (July ) Tj ET Q q 0 0 0 rg BT 172.76 565.75 Td (19, ) Tj ET Q q 0 0 0 rg BT 189.92 565.75 Td (2012, ) Tj ET Q q 0 0 0 rg BT 218.21 565.75 Td (January ) Tj ET Q q 0 0 0 rg BT 257.05 565.75 Td (14, ) Tj ET Q q 0 0 0 rg BT 274.22 565.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 301.86 565.75 Td (August13, ) Tj ET Q q 0 0 0 rg BT 352.94 565.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 381.22 565.75 Td (September9, ) Tj ET Q q 0 0 0 rg BT 444.52 565.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 472.81 565.75 Td (March9, ) Tj ET Q q 0 0 0 rg BT 514.98 565.75 Td (2015, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.00 553.75 Td (February ) Tj ET Q q 0 0 0 rg BT 149.79 553.75 Td (20, ) Tj ET Q q 0 0 0 rg BT 166.47 553.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 191.50 553.75 Td (and ) Tj ET Q q 0 0 0 rg BT 210.96 553.75 Td (October ) Tj ET Q q 0 0 0 rg BT 249.31 553.75 Td (12, ) Tj ET Q q 0 0 0 rg BT 265.99 553.75 Td (2018\);) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 532.75 Td (\(c\)Debt ) Tj ET Q q 0 0 0 rg BT 129.26 532.75 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 173.76 532.75 Td (#2 ) Tj ET Q q 0 0 0 rg BT 187.14 532.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 211.06 532.75 Td (on ) Tj ET Q q 0 0 0 rg BT 224.43 532.75 Td (June ) Tj ET Q q 0 0 0 rg BT 248.37 532.75 Td (20, ) Tj ET Q q 0 0 0 rg BT 264.52 532.75 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 292.34 532.75 Td (and ) Tj ET Q q 0 0 0 rg BT 311.27 532.75 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 373.01 532.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 421.95 532.75 Td (thereto ) Tj ET Q q 0 0 0 rg BT 455.34 532.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 479.26 532.75 Td (on ) Tj ET Q q 0 0 0 rg BT 492.19 532.75 Td (August13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.00 520.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 134.80 520.75 Td (September9, ) Tj ET Q q 0 0 0 rg BT 197.62 520.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 225.42 520.75 Td (February ) Tj ET Q q 0 0 0 rg BT 268.21 520.75 Td (20, ) Tj ET Q q 0 0 0 rg BT 284.89 520.75 Td (2018 ) Tj ET Q q 0 0 0 rg BT 309.92 520.75 Td (and ) Tj ET Q q 0 0 0 rg BT 329.38 520.75 Td (October ) Tj ET Q q 0 0 0 rg BT 367.73 520.75 Td (12, ) Tj ET Q q 0 0 0 rg BT 384.41 520.75 Td (2018\); ) Tj ET Q q 0 0 0 rg BT 415.54 520.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 499.75 Td (\(d\)our ) Tj ET Q q 0 0 0 rg BT 122.97 499.75 Td (share ) Tj ET Q q 0 0 0 rg BT 150.06 499.75 Td (award ) Tj ET Q q 0 0 0 rg BT 179.37 499.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 220.91 499.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 241.88 499.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 265.63 499.75 Td (on ) Tj ET Q q 0 0 0 rg BT 278.41 499.75 Td (April ) Tj ET Q q 0 0 0 rg BT 300.49 499.75 Td (18, ) Tj ET Q q 0 0 0 rg BT 316.46 499.75 Td (2016\) ) Tj ET Q q 0 0 0 rg BT 344.11 499.75 Td (and ) Tj ET Q q 0 0 0 rg BT 362.86 499.75 Td (our ) Tj ET Q q 0 0 0 rg BT 379.39 499.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 423.16 499.75 Td (share ) Tj ET Q q 0 0 0 rg BT 450.25 499.75 Td (award ) Tj ET Q q 0 0 0 rg BT 479.55 499.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 521.09 499.75 Td (plan ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.00 487.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 131.45 487.75 Td (on ) Tj ET Q q 0 0 0 rg BT 145.35 487.75 Td (January ) Tj ET Q q 0 0 0 rg BT 183.71 487.75 Td (28, ) Tj ET Q q 0 0 0 rg BT 200.39 487.75 Td (2018\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 466.75 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 108.28 466.75 Td (Arrangement ) Tj ET Q q 0 0 0 rg BT 167.93 466.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 219.14 466.75 Td (between ) Tj ET Q q 0 0 0 rg BT 259.24 466.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 292.10 466.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 326.07 466.75 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 352.82 466.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.79 466.75 Td (Raging ) Tj ET Q q 0 0 0 rg BT 405.78 466.75 Td (River ) Tj ET Q q 0 0 0 rg BT 431.40 466.75 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 483.72 466.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 504.91 466.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 528.88 466.75 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.00 454.75 Td (June ) Tj ET Q q 0 0 0 rg BT 131.46 454.75 Td (27, ) Tj ET Q q 0 0 0 rg BT 148.14 454.75 Td (2018\) ) Tj ET Q q 0 0 0 rg BT 176.50 454.75 Td (and ) Tj ET Q q 0 0 0 rg BT 195.96 454.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.64 454.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 257.12 454.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.58 454.75 Td (restated ) Tj ET Q q 0 0 0 rg BT 314.94 454.75 Td (Arrangement ) Tj ET Q q 0 0 0 rg BT 374.97 454.75 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 426.67 454.75 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 451.12 454.75 Td (on ) Tj ET Q q 0 0 0 rg BT 465.02 454.75 Td (July ) Tj ET Q q 0 0 0 rg BT 485.58 454.75 Td (10, ) Tj ET Q q 0 0 0 rg BT 502.26 454.75 Td (2018\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 433.75 Td ( ) Tj ET Q q 0 0 0 rg BT 74.78 433.75 Td (Copies ) Tj ET Q q 0 0 0 rg BT 108.68 433.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.80 433.75 Td (each ) Tj ET Q q 0 0 0 rg BT 144.27 433.75 Td (of ) Tj ET Q q 0 0 0 rg BT 155.38 433.75 Td (these ) Tj ET Q q 0 0 0 rg BT 182.63 433.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 225.97 433.75 Td (are ) Tj ET Q q 0 0 0 rg BT 243.21 433.75 Td (accessible ) Tj ET Q q 0 0 0 rg BT 292.67 433.75 Td (on ) Tj ET Q q 0 0 0 rg BT 306.58 433.75 Td (the ) Tj ET Q q 0 0 0 rg BT 323.25 433.75 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 360.49 433.75 Td (website ) Tj ET Q q 0 0 0 rg BT 397.17 433.75 Td (at ) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 408.2890625 432.32421875 m 478.494140625 432.32421875 l s q 0 0 0 rg BT 408.29 433.75 Td (www) Tj ET Q q 0 0 0 rg BT 429.40 433.75 Td (.sedar) Tj ET Q q 0 0 0 rg BT 456.82 433.75 Td (.com) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.49 433.75 Td (.) Tj ET Q /GS0 gs q 309.00 0 0 21.00 74.00 36.62 cm /I76 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 244.85 412.75 Td (INTERESTS OF EXPERTS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 388.75 Td (There ) Tj ET Q q 0 0 0 rg BT 100.70 388.75 Td (is ) Tj ET Q q 0 0 0 rg BT 110.51 388.75 Td (no ) Tj ET Q q 0 0 0 rg BT 124.21 388.75 Td (person ) Tj ET Q q 0 0 0 rg BT 157.37 388.75 Td (or ) Tj ET Q q 0 0 0 rg BT 168.84 388.75 Td (company ) Tj ET Q q 0 0 0 rg BT 212.00 388.75 Td (whose ) Tj ET Q q 0 0 0 rg BT 243.49 388.75 Td (profession ) Tj ET Q q 0 0 0 rg BT 292.21 388.75 Td (or ) Tj ET Q q 0 0 0 rg BT 303.68 388.75 Td (business ) Tj ET Q q 0 0 0 rg BT 345.73 388.75 Td (gives ) Tj ET Q q 0 0 0 rg BT 371.66 388.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 412.59 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 423.51 388.75 Td (a ) Tj ET Q q 0 0 0 rg BT 431.66 388.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 478.15 388.75 Td (made ) Tj ET Q q 0 0 0 rg BT 505.75 388.75 Td (by ) Tj ET Q q 0 0 0 rg BT 518.89 388.75 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 376.75 Td (person ) Tj ET Q q 0 0 0 rg BT 106.40 376.75 Td (or ) Tj ET Q q 0 0 0 rg BT 119.11 376.75 Td (company ) Tj ET Q q 0 0 0 rg BT 163.50 376.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.00 376.75 Td (who ) Tj ET Q q 0 0 0 rg BT 206.17 376.75 Td (is ) Tj ET Q q 0 0 0 rg BT 217.21 376.75 Td (named ) Tj ET Q q 0 0 0 rg BT 251.60 376.75 Td (as ) Tj ET Q q 0 0 0 rg BT 265.98 376.75 Td (having ) Tj ET Q q 0 0 0 rg BT 299.27 376.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 343.12 376.75 Td (or ) Tj ET Q q 0 0 0 rg BT 355.83 376.75 Td (certified ) Tj ET Q q 0 0 0 rg BT 394.66 376.75 Td (a ) Tj ET Q q 0 0 0 rg BT 404.04 376.75 Td (report, ) Tj ET Q q 0 0 0 rg BT 436.76 376.75 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 483.39 376.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 531.12 376.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 364.75 Td (opinion ) Tj ET Q q 0 0 0 rg BT 107.48 364.75 Td (described ) Tj ET Q q 0 0 0 rg BT 154.08 364.75 Td (or ) Tj ET Q q 0 0 0 rg BT 166.20 364.75 Td (included ) Tj ET Q q 0 0 0 rg BT 206.68 364.75 Td (in ) Tj ET Q q 0 0 0 rg BT 217.70 364.75 Td (a ) Tj ET Q q 0 0 0 rg BT 226.50 364.75 Td (filing, ) Tj ET Q q 0 0 0 rg BT 253.07 364.75 Td (or ) Tj ET Q q 0 0 0 rg BT 265.20 364.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 303.44 364.75 Td (to ) Tj ET Q q 0 0 0 rg BT 315.02 364.75 Td (in ) Tj ET Q q 0 0 0 rg BT 326.03 364.75 Td (a ) Tj ET Q q 0 0 0 rg BT 334.83 364.75 Td (filing, ) Tj ET Q q 0 0 0 rg BT 361.41 364.75 Td (made ) Tj ET Q q 0 0 0 rg BT 389.65 364.75 Td (under ) Tj ET Q q 0 0 0 rg BT 418.46 364.75 Td (National ) Tj ET Q q 0 0 0 rg BT 458.38 364.75 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 508.86 364.75 Td (51-102 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td ("Continuous ) Tj ET Q q 0 0 0 rg BT 128.85 352.75 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 178.24 352.75 Td (Obligations" ) Tj ET Q q 0 0 0 rg BT 234.52 352.75 Td (by ) Tj ET Q q 0 0 0 rg BT 247.79 352.75 Td (us ) Tj ET Q q 0 0 0 rg BT 261.06 352.75 Td (during, ) Tj ET Q q 0 0 0 rg BT 294.35 352.75 Td (or ) Tj ET Q q 0 0 0 rg BT 305.95 352.75 Td (related ) Tj ET Q q 0 0 0 rg BT 339.23 352.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 353.06 352.75 Td (our ) Tj ET Q q 0 0 0 rg BT 370.22 352.75 Td (most ) Tj ET Q q 0 0 0 rg BT 394.60 352.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 432.32 352.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 481.16 352.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.56 352.75 Td (year ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (other ) Tj ET Q q 0 0 0 rg BT 99.15 340.75 Td (than ) Tj ET Q q 0 0 0 rg BT 122.98 340.75 Td (Sproule, ) Tj ET Q q 0 0 0 rg BT 164.59 340.75 Td (Ryder ) Tj ET Q q 0 0 0 rg BT 195.62 340.75 Td (Scott ) Tj ET Q q 0 0 0 rg BT 222.77 340.75 Td (and ) Tj ET Q q 0 0 0 rg BT 243.82 340.75 Td (GLJ, ) Tj ET Q q 0 0 0 rg BT 269.30 340.75 Td (our ) Tj ET Q q 0 0 0 rg BT 288.12 340.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 347.53 340.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 389.14 340.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 431.85 340.75 Td (evaluators. ) Tj ET Q q 0 0 0 rg BT 485.13 340.75 Td (None ) Tj ET Q q 0 0 0 rg BT 513.40 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.10 340.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 328.75 Td (designated ) Tj ET Q q 0 0 0 rg BT 123.04 328.75 Td (professionals ) Tj ET Q q 0 0 0 rg BT 184.07 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 194.52 328.75 Td (Sproule, ) Tj ET Q q 0 0 0 rg BT 233.88 328.75 Td (Ryder ) Tj ET Q q 0 0 0 rg BT 262.66 328.75 Td (Scott ) Tj ET Q q 0 0 0 rg BT 287.56 328.75 Td ( ) Tj ET Q q 0 0 0 rg BT 289.67 328.75 Td (and ) Tj ET Q q 0 0 0 rg BT 308.46 328.75 Td (GLJ ) Tj ET Q q 0 0 0 rg BT 328.91 328.75 Td (have ) Tj ET Q q 0 0 0 rg BT 352.70 328.75 Td (any ) Tj ET Q q 0 0 0 rg BT 370.94 328.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 417.51 328.75 Td (or ) Tj ET Q q 0 0 0 rg BT 428.51 328.75 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 472.87 328.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 515.55 328.75 Td (direct ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 316.75 Td (or ) Tj ET Q q 0 0 0 rg BT 83.76 316.75 Td (indirect, ) Tj ET Q q 0 0 0 rg BT 121.65 316.75 Td (in ) Tj ET Q q 0 0 0 rg BT 132.30 316.75 Td (any ) Tj ET Q q 0 0 0 rg BT 151.29 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.51 316.75 Td (our ) Tj ET Q q 0 0 0 rg BT 179.83 316.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 224.94 316.75 Td (or ) Tj ET Q q 0 0 0 rg BT 236.70 316.75 Td (other ) Tj ET Q q 0 0 0 rg BT 262.36 316.75 Td (property ) Tj ET Q q 0 0 0 rg BT 301.92 316.75 Td (or ) Tj ET Q q 0 0 0 rg BT 313.68 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.89 316.75 Td (our ) Tj ET Q q 0 0 0 rg BT 342.21 316.75 Td (associates ) Tj ET Q q 0 0 0 rg BT 392.33 316.75 Td (or ) Tj ET Q q 0 0 0 rg BT 404.09 316.75 Td (af) Tj ET Q q 0 0 0 rg BT 412.25 316.75 Td (filiates ) Tj ET Q q 0 0 0 rg BT 443.47 316.75 Td (either ) Tj ET Q q 0 0 0 rg BT 471.35 316.75 Td (at ) Tj ET Q q 0 0 0 rg BT 482.56 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 499.33 316.75 Td (time ) Tj ET Q q 0 0 0 rg BT 521.10 316.75 Td (they ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 304.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 114.81 304.75 Td (a ) Tj ET Q q 0 0 0 rg BT 123.15 304.75 Td (report, ) Tj ET Q q 0 0 0 rg BT 154.83 304.75 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 200.41 304.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 247.10 304.75 Td (or ) Tj ET Q q 0 0 0 rg BT 258.77 304.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 296.58 304.75 Td (at ) Tj ET Q q 0 0 0 rg BT 307.70 304.75 Td (any ) Tj ET Q q 0 0 0 rg BT 326.60 304.75 Td (time ) Tj ET Q q 0 0 0 rg BT 348.27 304.75 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 393.85 304.75 Td (or ) Tj ET Q q 0 0 0 rg BT 405.52 304.75 Td (to ) Tj ET Q q 0 0 0 rg BT 416.64 304.75 Td (be ) Tj ET Q q 0 0 0 rg BT 430.54 304.75 Td (received ) Tj ET Q q 0 0 0 rg BT 471.12 304.75 Td (by ) Tj ET Q q 0 0 0 rg BT 484.46 304.75 Td (them. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 283.75 Td (KPMG ) Tj ET Q q 0 0 0 rg BT 103.61 283.75 Td (LLP) Tj ET Q q 0 0 0 rg BT 121.23 283.75 Td ( ) Tj ET Q q 0 0 0 rg BT 123.39 283.75 Td (are ) Tj ET Q q 0 0 0 rg BT 140.01 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 156.08 283.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 193.82 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.33 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.40 283.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 274.82 283.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.67 283.75 Td (have ) Tj ET Q q 0 0 0 rg BT 317.52 283.75 Td (confirmed ) Tj ET Q q 0 0 0 rg BT 363.59 283.75 Td (with ) Tj ET Q q 0 0 0 rg BT 383.54 283.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 418.50 283.75 Td (to ) Tj ET Q q 0 0 0 rg BT 429.01 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.07 283.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 502.27 283.75 Td (that ) Tj ET Q q 0 0 0 rg BT 521.12 283.75 Td (they ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (are ) Tj ET Q q 0 0 0 rg BT 88.04 271.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 144.68 271.75 Td (within ) Tj ET Q q 0 0 0 rg BT 171.84 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 187.33 271.75 Td (meaning ) Tj ET Q q 0 0 0 rg BT 227.28 271.75 Td (of ) Tj ET Q q 0 0 0 rg BT 237.20 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 252.69 271.75 Td (relevant ) Tj ET Q q 0 0 0 rg BT 289.86 271.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 313.12 271.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.39 271.75 Td (related ) Tj ET Q q 0 0 0 rg BT 363.56 271.75 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 428.52 271.75 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 476.79 271.75 Td (by ) Tj ET Q q 0 0 0 rg BT 488.94 271.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 271.75 Td (relevant ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 259.75 Td (professional ) Tj ET Q q 0 0 0 rg BT 131.19 259.75 Td (bodies ) Tj ET Q q 0 0 0 rg BT 165.94 259.75 Td (in ) Tj ET Q q 0 0 0 rg BT 178.99 259.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 219.29 259.75 Td (and ) Tj ET Q q 0 0 0 rg BT 241.25 259.75 Td (any ) Tj ET Q q 0 0 0 rg BT 262.65 259.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 312.96 259.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 362.70 259.75 Td (or ) Tj ET Q q 0 0 0 rg BT 376.87 259.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 433.84 259.75 Td (and ) Tj ET Q q 0 0 0 rg BT 455.80 259.75 Td (also ) Tj ET Q q 0 0 0 rg BT 479.42 259.75 Td (that ) Tj ET Q q 0 0 0 rg BT 501.37 259.75 Td (they ) Tj ET Q q 0 0 0 rg BT 525.54 259.75 Td (are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 247.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 129.66 247.75 Td (accountants ) Tj ET Q q 0 0 0 rg BT 186.19 247.75 Td (with ) Tj ET Q q 0 0 0 rg BT 206.57 247.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 241.97 247.75 Td (to ) Tj ET Q q 0 0 0 rg BT 252.91 247.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.42 247.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 324.27 247.75 Td (under ) Tj ET Q q 0 0 0 rg BT 352.45 247.75 Td (all ) Tj ET Q q 0 0 0 rg BT 365.06 247.75 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(oil ) Tj ET Q q 0 0 0 rg BT 247.77 628.75 Td (and ) Tj ET Q q 0 0 0 rg BT 267.77 628.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 301.67 628.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 321.10 628.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 362.77 628.75 Td (in ) Tj ET Q q 0 0 0 rg BT 373.87 628.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 428.88 628.75 Td (with ) Tj ET Q q 0 0 0 rg BT 449.98 628.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 495.54 628.75 Td (regulatory ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 135.74 616.75 Td (This ) Tj ET Q q 0 0 0 rg BT 157.41 616.75 Td (information ) Tj ET Q q 0 0 0 rg BT 209.65 616.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 249.12 616.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 290.24 616.75 Td (data. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 595.75 Td (Independent ) Tj ET Q q 0 0 0 rg BT 132.80 595.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 175.24 595.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 218.78 595.75 Td 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137.02 562.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 188.15 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 199.27 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 215.95 562.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 245.41 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 256.53 562.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 299.31 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.43 562.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 343.78 562.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 363.79 562.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.34 562.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 414.60 562.75 Td (Committee) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.27 562.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 475.93 562.75 Td (has:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 541.75 Td (a. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 541.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 153.01 541.75 Td (Baytex's ) Tj ET Q q 0 0 0 rg BT 195.47 541.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 250.49 541.75 Td (for ) Tj ET Q q 0 0 0 rg BT 267.14 541.75 Td (providing ) Tj ET Q q 0 0 0 rg BT 312.71 541.75 Td (information ) Tj ET Q q 0 0 0 rg BT 367.17 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 380.49 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 399.38 541.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 459.42 541.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 501.66 541.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 529.75 Td (evaluators;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 508.75 Td (b. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 508.75 Td (met ) Tj ET Q q 0 0 0 rg BT 126.22 508.75 Td (with ) Tj ET Q q 0 0 0 rg BT 145.55 508.75 Td (the ) Tj ET Q q 0 0 0 rg BT 161.01 508.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 217.61 508.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 256.41 508.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 296.31 508.75 Td (evaluators ) Tj ET Q q 0 0 0 rg BT 344.00 508.75 Td (to ) Tj ET Q q 0 0 0 rg BT 353.89 508.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 399.91 508.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 437.03 508.75 Td (any ) Tj ET Q q 0 0 0 rg BT 454.71 508.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 504.60 508.75 Td (af) Tj ET Q q 0 0 0 rg BT 512.76 508.75 Td (fected ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 496.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.68 496.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 153.02 496.75 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 496.75 Td (the ) Tj ET Q q 0 0 0 rg BT 180.82 496.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 238.65 496.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 278.68 496.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 319.81 496.75 Td (evaluators ) Tj ET Q q 0 0 0 rg BT 368.72 496.75 Td (to ) Tj ET Q q 0 0 0 rg BT 379.84 496.75 Td (report ) Tj ET Q q 0 0 0 rg BT 408.74 496.75 Td (without ) Tj ET Q q 0 0 0 rg BT 443.21 496.75 Td (reservation; ) Tj ET Q q 0 0 0 rg BT 498.23 496.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 475.75 Td (c. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 475.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 150.80 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 167.48 475.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 208.60 475.75 Td (data ) Tj ET Q q 0 0 0 rg BT 230.84 475.75 Td (with ) Tj ET Q q 0 0 0 rg BT 251.40 475.75 Td (management ) Tj ET Q q 0 0 0 rg BT 312.55 475.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.01 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.69 475.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 406.53 475.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 446.55 475.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 487.68 475.75 Td (evaluator) Tj ET Q q 0 0 0 rg BT 528.26 475.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.39 454.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 135.78 454.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 186.28 454.75 Td (has ) Tj ET Q q 0 0 0 rg BT 204.56 454.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 246.73 454.75 Td (Baytex's ) Tj ET Q q 0 0 0 rg BT 286.37 454.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 338.56 454.75 Td (for ) Tj ET Q q 0 0 0 rg BT 352.38 454.75 Td (assembling ) Tj ET Q q 0 0 0 rg BT 405.12 454.75 Td (and ) Tj ET Q q 0 0 0 rg BT 423.96 454.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 465.58 454.75 Td (other ) Tj ET Q q 0 0 0 rg BT 490.53 454.75 Td (information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 442.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 121.74 442.75 Td (with ) Tj ET Q q 0 0 0 rg BT 141.45 442.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 153.39 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 172.01 442.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 204.51 442.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 222.57 442.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 262.85 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 281.46 442.75 Td (has ) Tj ET Q q 0 0 0 rg BT 299.52 442.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 341.47 442.75 Td (that ) Tj ET Q q 0 0 0 rg BT 360.08 442.75 Td (information ) Tj ET Q q 0 0 0 rg BT 411.48 442.75 Td (with ) Tj ET Q q 0 0 0 rg BT 431.19 442.75 Td (management. ) Tj ET Q q 0 0 0 rg BT 494.15 442.75 Td (The ) Tj ET Q q 0 0 0 rg BT 513.31 442.75 Td (Board ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 430.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 125.90 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.02 430.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 170.37 430.75 Td (has, ) Tj ET Q q 0 0 0 rg BT 192.05 430.75 Td (on ) Tj ET Q q 0 0 0 rg BT 205.95 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 222.63 430.75 Td (recommendation ) Tj ET Q q 0 0 0 rg BT 299.89 430.75 Td (of ) Tj ET Q q 0 0 0 rg BT 311.01 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.69 430.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 372.70 430.75 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 426.60 430.75 Td (approved:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 409.75 Td (a. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 409.75 Td (the ) Tj ET Q q 0 0 0 rg BT 125.15 409.75 Td (content ) Tj ET Q q 0 0 0 rg BT 161.21 409.75 Td (and ) Tj ET Q q 0 0 0 rg BT 181.14 409.75 Td (filing ) Tj ET Q q 0 0 0 rg BT 204.96 409.75 Td (with ) Tj ET Q q 0 0 0 rg BT 225.99 409.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 271.48 409.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 319.20 409.75 Td (authorities ) Tj ET Q q 0 0 0 rg BT 368.58 409.75 Td (of ) Tj ET Q q 0 0 0 rg BT 380.17 409.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 406.75 409.75 Td (51-101F1 ) Tj ET Q q 0 0 0 rg BT 452.81 409.75 Td (containing ) Tj ET Q q 0 0 0 rg BT 501.65 409.75 Td (reserves ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 397.75 Td (data ) Tj ET Q q 0 0 0 rg BT 130.24 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.70 397.75 Td (other ) Tj ET Q q 0 0 0 rg BT 175.28 397.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 188.06 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 207.52 397.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 226.42 397.75 Td (information;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 376.75 Td (b. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.57 376.75 Td (filing ) Tj ET Q q 0 0 0 rg BT 147.81 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 158.82 376.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 184.83 376.75 Td (51-101F2 ) Tj ET Q q 0 0 0 rg BT 230.31 376.75 Td (which ) Tj ET Q q 0 0 0 rg BT 258.55 376.75 Td (is ) Tj ET Q q 0 0 0 rg BT 268.44 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 285.01 376.75 Td (report ) Tj ET Q q 0 0 0 rg BT 313.81 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.82 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 341.40 376.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 399.12 376.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 439.04 376.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 480.06 376.75 Td (evaluators ) Tj ET Q q 0 0 0 rg BT 528.87 376.75 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.68 364.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 165.80 364.75 Td (data; ) Tj ET Q q 0 0 0 rg BT 190.82 364.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 343.75 Td (c. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.68 343.75 Td (content ) Tj ET Q q 0 0 0 rg BT 160.26 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 179.72 343.75 Td (filing ) Tj ET Q q 0 0 0 rg BT 203.07 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 214.19 343.75 Td (this ) Tj ET Q q 0 0 0 rg BT 232.53 343.75 Td (report. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 322.75 Td (Because ) Tj ET Q q 0 0 0 rg BT 113.34 322.75 Td (the ) Tj ET Q q 0 0 0 rg BT 129.67 322.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 170.45 322.75 Td (data ) Tj ET Q q 0 0 0 rg BT 192.34 322.75 Td (are ) Tj ET Q q 0 0 0 rg BT 209.22 322.75 Td (based ) Tj ET Q q 0 0 0 rg BT 238.89 322.75 Td (on ) Tj ET Q q 0 0 0 rg BT 252.44 322.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 301.01 322.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 345.69 322.75 Td (future ) Tj ET Q q 0 0 0 rg BT 373.69 322.75 Td (events, ) Tj ET Q q 0 0 0 rg BT 408.36 322.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 437.47 322.75 Td (results ) Tj ET Q q 0 0 0 rg BT 469.35 322.75 Td (will ) Tj ET Q q 0 0 0 rg BT 485.67 322.75 Td (vary ) Tj ET Q q 0 0 0 rg BT 506.99 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.10 322.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (variations ) Tj ET Q q 0 0 0 rg BT 117.58 310.75 Td (may ) Tj ET Q q 0 0 0 rg BT 139.25 310.75 Td (be ) Tj ET Q q 0 0 0 rg BT 153.15 310.75 Td (material. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 75 280.0439453125 m 113.90625 280.0439453125 l s q 0 0 0 rg BT 75.00 281.47 Td (\(signed\) ) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 113.90625 280.0439453125 m 202.1533203125 280.0439453125 l s q 0 0 0 rg BT 113.91 281.47 Td ("Edward ) Tj ET Q q 0 0 0 rg BT 154.14 281.47 Td (D. ) Tj ET Q q 0 0 0 rg BT 166.92 281.47 Td (LaFehr") Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 310 280.0439453125 m 348.90625 280.0439453125 l s q 0 0 0 rg BT 310.00 281.47 Td (\(signed\) ) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 348.90625 280.0439453125 m 427.7001953125 280.0439453125 l s q 0 0 0 rg BT 348.91 281.47 Td ("Rodney ) Tj ET Q q 0 0 0 rg BT 389.70 281.47 Td (D. ) Tj ET Q q 0 0 0 rg BT 402.48 281.47 Td (Gray") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.00 267.47 Td (Edward ) Tj ET Q q 0 0 0 rg BT 111.68 267.47 Td (D. ) Tj ET Q q 0 0 0 rg BT 124.46 267.47 Td (LaFehr) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.00 267.47 Td (Rodney ) Tj ET Q q 0 0 0 rg BT 347.25 267.47 Td (D. ) Tj ET Q q 0 0 0 rg BT 360.02 267.47 Td (Gray) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.00 253.47 Td (President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 222.21 253.47 Td (ficer) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.00 253.47 Td (Executive ) Tj ET Q q 0 0 0 rg BT 355.49 253.47 Td (V) Tj ET Q q 0 0 0 rg BT 361.98 253.47 Td (ice ) Tj ET Q q 0 0 0 rg BT 376.90 253.47 Td (President ) Tj ET Q q 0 0 0 rg BT 421.28 253.47 Td (and ) Tj ET Q q 0 0 0 rg BT 440.10 253.47 Td (Chief ) Tj ET Q q 0 0 0 rg BT 465.58 253.47 Td (Financial ) Tj ET Q q 0 0 0 rg BT 507.73 253.47 Td (Of) Tj ET Q q 0 0 0 rg BT 518.11 253.47 Td (ficer) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 75 214.0439453125 m 113.90625 214.0439453125 l s q 0 0 0 rg BT 75.00 215.47 Td (\(signed\) ) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 113.90625 214.0439453125 m 192.1533203125 214.0439453125 l s q 0 0 0 rg BT 113.91 215.47 Td ("David ) Tj ET Q q 0 0 0 rg BT 145.80 215.47 Td (L. ) Tj ET Q q 0 0 0 rg BT 156.92 215.47 Td (Pearce") Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 310 214.0439453125 m 348.90625 214.0439453125 l s q 0 0 0 rg BT 310.00 215.47 Td (\(signed\) ) Tj ET Q BT /F5 10.00 Tf ET 0 0 0 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 348.90625 214.0439453125 m 407.67578125 214.0439453125 l s q 0 0 0 rg BT 348.91 215.47 Td ("Mark ) Tj ET Q q 0 0 0 rg BT 377.46 215.47 Td (R. ) Tj ET Q q 0 0 0 rg BT 390.23 215.47 Td (Bly") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.00 187.47 Td (Director and Chairperson of the Reserves) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.00 177.47 Td (Committee) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.00 187.47 Td (Director and Member of the Reserves Committee) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 149.75 Td (March ) Tj ET Q q 0 0 0 rg BT 102.56 149.75 Td (12, ) Tj ET Q q 0 0 0 rg BT 119.24 149.75 Td (2019) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.28627450980392155 0.4980392156862745 rg BT 275.40 712.75 Td (APPENDIX B) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.43137254901960786 0.7490196078431373 rg BT 99.35 688.75 Td (REPORT ON RESER) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 195.85 688.75 Td (VES DA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 232.34 688.75 Td (T) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 237.70 688.75 Td (A) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 244.56 688.75 Td ( BY) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 261.04 688.75 Td ( INDEPENDENT QUALIFIED RESER) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 429.21 688.75 Td (VES EV) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 464.60 688.75 Td (ALUA) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 491.63 688.75 Td (T) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 497.56 688.75 Td (OR) Tj ET Q BT /F2 10.00 Tf ET q 0 0.43137254901960786 0.7490196078431373 rg BT 269.85 670.75 Td (Form ) Tj ET Q q 0 0.43137254901960786 0.7490196078431373 rg BT 297.63 670.75 Td (51) Tj ET Q /GS0 gs q 5.00 0 0 10.38 308.75 668.65 cm /I79 Do Q q 0 0.43137254901960786 0.7490196078431373 rg BT 313.75 670.75 Td (101F2) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 646.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 646.75 Td (o ) Tj ET Q q 0 0 0 rg BT 85.34 646.75 Td (the ) Tj ET Q q 0 0 0 rg BT 102.02 646.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 131.48 646.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.60 646.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 185.38 646.75 Td (of ) Tj ET Q q 0 0 0 rg BT 196.50 646.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 229.85 646.75 Td (Energy ) Tj ET Q q 0 0 0 rg BT 264.31 646.75 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 291.55 646.75 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.43 646.75 Td (Baytex) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.22 646.75 Td ("\):) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 625.75 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 625.75 Td (W) Tj ET Q q 0 0 0 rg BT 117.26 625.75 Td (e ) Tj ET Q q 0 0 0 rg BT 126.89 625.75 Td (have ) Tj ET Q q 0 0 0 rg BT 152.65 625.75 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 200.09 625.75 Td (Baytex's ) Tj ET Q q 0 0 0 rg BT 241.64 625.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 284.05 625.75 Td (data ) Tj ET Q q 0 0 0 rg BT 307.59 625.75 Td (as ) Tj ET Q q 0 0 0 rg BT 322.22 625.75 Td (at ) Tj ET Q q 0 0 0 rg BT 334.63 625.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 401.51 625.75 Td (2018. ) Tj ET Q q 0 0 0 rg BT 430.34 625.75 Td (The ) Tj ET Q q 0 0 0 rg BT 451.65 625.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.06 625.75 Td (data ) Tj ET Q q 0 0 0 rg BT 517.60 625.75 Td (is ) Tj ET Q q 0 0 0 rg BT 528.89 625.75 Td (an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 613.75 Td (estimate ) Tj ET Q q 0 0 0 rg BT 152.04 613.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.63 613.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 203.45 613.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 248.05 613.75 Td (and ) Tj ET Q q 0 0 0 rg BT 270.98 613.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 316.15 613.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 360.74 613.75 Td (and ) Tj ET Q q 0 0 0 rg BT 383.67 613.75 Td (related ) Tj ET Q q 0 0 0 rg BT 420.50 613.75 Td (future ) Tj ET Q q 0 0 0 rg BT 452.32 613.75 Td (net ) Tj ET Q q 0 0 0 rg BT 472.47 613.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 514.85 613.75 Td (as ) Tj ET Q q 0 0 0 rg BT 531.66 613.75 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 601.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 173.59 601.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 201.39 601.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 247.52 601.75 Td (using ) Tj ET Q q 0 0 0 rg BT 274.21 601.75 Td (forecast ) Tj ET Q q 0 0 0 rg BT 312.56 601.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 342.01 601.75 Td (and ) Tj ET Q q 0 0 0 rg BT 361.47 601.75 Td (costs. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 580.75 Td (2. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 580.75 Td (The ) Tj ET Q q 0 0 0 rg BT 127.73 580.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 168.56 580.75 Td (data ) Tj ET Q q 0 0 0 rg BT 190.52 580.75 Td (is ) Tj ET Q q 0 0 0 rg BT 200.24 580.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.63 580.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 276.93 580.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.76 580.75 Td (Baytex's ) Tj ET Q q 0 0 0 rg BT 327.73 580.75 Td (management. ) Tj ET Q q 0 0 0 rg BT 391.38 580.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 410.54 580.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 470.84 580.75 Td (is ) Tj ET Q q 0 0 0 rg BT 480.55 580.75 Td (to ) Tj ET Q q 0 0 0 rg BT 491.38 580.75 Td (express ) Tj ET Q q 0 0 0 rg BT 528.89 580.75 Td (an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 568.75 Td (opinion ) Tj ET Q q 0 0 0 rg BT 143.03 568.75 Td (on ) Tj ET Q q 0 0 0 rg BT 156.93 568.75 Td (the ) Tj ET Q q 0 0 0 rg BT 173.61 568.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 214.73 568.75 Td (data ) Tj ET Q q 0 0 0 rg BT 236.97 568.75 Td (based ) Tj ET Q q 0 0 0 rg BT 267.00 568.75 Td (on ) Tj ET Q q 0 0 0 rg BT 280.90 568.75 Td (our ) Tj ET Q q 0 0 0 rg BT 298.13 568.75 Td (evaluation. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (3. ) Tj ET Q q 0 0 0 rg BT 108.00 547.75 Td (W) Tj ET Q q 0 0 0 rg BT 117.26 547.75 Td (e ) Tj ET Q q 0 0 0 rg BT 126.10 547.75 Td (carried ) Tj ET Q q 0 0 0 rg BT 159.95 547.75 Td (out ) Tj ET Q q 0 0 0 rg BT 177.13 547.75 Td (our ) Tj ET Q q 0 0 0 rg BT 194.87 547.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 243.74 547.75 Td (in ) Tj ET Q q 0 0 0 rg BT 254.80 547.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 309.79 547.75 Td (with ) Tj ET Q q 0 0 0 rg BT 330.85 547.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 378.05 547.75 Td (set ) Tj ET Q q 0 0 0 rg BT 394.67 547.75 Td (out ) Tj ET Q q 0 0 0 rg BT 411.85 547.75 Td (in ) Tj ET Q q 0 0 0 rg BT 422.92 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 440.10 547.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 486.20 547.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 501.70 547.75 Td (and ) Tj ET Q q 0 0 0 rg BT 521.67 547.75 Td (Gas ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 535.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 157.93 535.75 Td (Handbook ) Tj ET Q q 0 0 0 rg BT 206.75 535.75 Td (as ) Tj ET Q q 0 0 0 rg BT 220.53 535.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 265.46 535.75 Td (form ) Tj ET Q q 0 0 0 rg BT 288.69 535.75 Td (time ) Tj ET Q q 0 0 0 rg BT 310.81 535.75 Td (to ) Tj ET Q q 0 0 0 rg BT 322.38 535.75 Td (time ) Tj ET Q q 0 0 0 rg BT 344.49 535.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 364.95 535.75 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.50 535.75 Td (COGE ) Tj ET Q q 0 0 0 rg BT 401.18 535.75 Td (Handbook) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.07 535.75 Td ("\) ) Tj ET Q q 0 0 0 rg BT 460.17 535.75 Td (maintained ) Tj ET Q q 0 0 0 rg BT 512.32 535.75 Td (by ) Tj ET Q q 0 0 0 rg BT 526.11 535.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 523.75 Td (Society ) Tj ET Q q 0 0 0 rg BT 143.57 523.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.69 523.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 203.04 523.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 252.52 523.75 Td (Engineers ) Tj ET Q q 0 0 0 rg BT 300.33 523.75 Td (\(Calgary ) Tj ET Q q 0 0 0 rg BT 340.90 523.75 Td (Chapter\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 502.75 Td (4. ) Tj ET Q q 0 0 0 rg BT 108.00 502.75 Td (Those ) Tj ET Q q 0 0 0 rg BT 139.00 502.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 186.13 502.75 Td (require ) Tj ET Q q 0 0 0 rg BT 220.47 502.75 Td (that ) Tj ET Q q 0 0 0 rg BT 240.36 502.75 Td (we ) Tj ET Q q 0 0 0 rg BT 256.35 502.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 278.47 502.75 Td (and ) Tj ET Q q 0 0 0 rg BT 298.37 502.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 336.03 502.75 Td (an ) Tj ET Q q 0 0 0 rg BT 350.37 502.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 399.17 502.75 Td (to ) Tj ET Q q 0 0 0 rg BT 410.72 502.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 441.17 502.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 493.87 502.75 Td (assurance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 490.75 Td (as ) Tj ET Q q 0 0 0 rg BT 122.56 490.75 Td (to ) Tj ET Q q 0 0 0 rg BT 134.89 490.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 174.46 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.35 490.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 234.69 490.75 Td (data ) Tj ET Q q 0 0 0 rg BT 258.15 490.75 Td (are ) Tj ET Q q 0 0 0 rg BT 276.60 490.75 Td (free ) Tj ET Q q 0 0 0 rg BT 297.82 490.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.15 490.75 Td (material ) Tj ET Q q 0 0 0 rg BT 349.71 490.75 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 415.16 490.75 Td (An ) Tj ET Q q 0 0 0 rg BT 431.38 490.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 480.97 490.75 Td (also ) Tj ET Q q 0 0 0 rg BT 503.30 490.75 Td (includes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 478.75 Td (assessing ) Tj ET Q q 0 0 0 rg BT 155.51 478.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 194.13 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 211.07 478.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 252.46 478.75 Td (data ) Tj ET Q q 0 0 0 rg BT 274.97 478.75 Td (is ) Tj ET Q q 0 0 0 rg BT 285.23 478.75 Td (in ) Tj ET Q q 0 0 0 rg BT 296.06 478.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 350.80 478.75 Td (with ) Tj ET Q q 0 0 0 rg BT 371.63 478.75 Td (principles ) Tj ET Q q 0 0 0 rg BT 416.91 478.75 Td (and ) Tj ET Q q 0 0 0 rg BT 436.64 478.75 Td (definitions ) Tj ET Q q 0 0 0 rg BT 484.71 478.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 532.23 478.75 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 466.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.68 466.75 Td (COGE ) Tj ET Q q 0 0 0 rg BT 156.91 466.75 Td (Handbook.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 445.75 Td (5. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 445.75 Td (The ) Tj ET Q q 0 0 0 rg BT 128.10 445.75 Td (following ) Tj ET Q q 0 0 0 rg BT 169.87 445.75 Td (table ) Tj ET Q q 0 0 0 rg BT 194.42 445.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 215.62 445.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 238.50 445.75 Td (the ) Tj ET Q q 0 0 0 rg BT 255.26 445.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 301.48 445.75 Td (future ) Tj ET Q q 0 0 0 rg BT 329.91 445.75 Td (net ) Tj ET Q q 0 0 0 rg BT 346.68 445.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 385.68 445.75 Td (\(before ) Tj ET Q q 0 0 0 rg BT 420.23 445.75 Td (deduction ) Tj ET Q q 0 0 0 rg BT 466.46 445.75 Td (of ) Tj ET Q q 0 0 0 rg BT 477.67 445.75 Td (income ) Tj ET Q q 0 0 0 rg BT 512.77 445.75 Td (taxes\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 433.75 Td (attributed ) Tj ET Q q 0 0 0 rg BT 151.37 433.75 Td (to ) Tj ET Q q 0 0 0 rg BT 161.38 433.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 193.63 433.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 213.65 433.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 254.25 433.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 297.04 433.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 342.07 433.75 Td (using ) Tj ET Q q 0 0 0 rg BT 367.65 433.75 Td (forecast ) Tj ET Q q 0 0 0 rg BT 404.90 433.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 433.24 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 451.60 433.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 476.62 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 494.97 433.75 Td (calculated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 421.75 Td (using ) Tj ET Q q 0 0 0 rg BT 134.50 421.75 Td (a ) Tj ET Q q 0 0 0 rg BT 142.66 421.75 Td (discount ) Tj ET Q q 0 0 0 rg BT 182.50 421.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 202.33 421.75 Td (of ) Tj ET Q q 0 0 0 rg BT 213.27 421.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 226.99 421.75 Td (percent, ) Tj ET Q q 0 0 0 rg BT 265.72 421.75 Td (included ) Tj ET Q q 0 0 0 rg BT 305.57 421.75 Td (in ) Tj ET Q q 0 0 0 rg BT 315.95 421.75 Td (the ) Tj ET Q q 0 0 0 rg BT 332.44 421.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 373.38 421.75 Td (data ) Tj ET Q q 0 0 0 rg BT 395.44 421.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.38 421.75 Td (Baytex ) Tj ET Q q 0 0 0 rg BT 439.55 421.75 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 485.51 421.75 Td (by ) Tj ET Q q 0 0 0 rg BT 498.67 421.75 Td (us ) Tj ET Q q 0 0 0 rg BT 511.83 421.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.10 421.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 409.75 Td (year ) Tj ET Q q 0 0 0 rg BT 129.00 409.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.35 409.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 222.70 409.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 249.26 409.75 Td (and ) Tj ET Q q 0 0 0 rg BT 267.49 409.75 Td (identifies ) Tj ET Q q 0 0 0 rg BT 308.50 409.75 Td (the ) Tj ET Q q 0 0 0 rg BT 323.94 409.75 Td (respective ) Tj ET Q q 0 0 0 rg BT 371.06 409.75 Td (portions ) Tj ET Q q 0 0 0 rg BT 408.18 409.75 Td (thereof ) Tj ET Q q 0 0 0 rg BT 440.86 409.75 Td (that ) Tj ET Q q 0 0 0 rg BT 459.08 409.75 Td (we ) Tj ET Q q 0 0 0 rg BT 473.40 409.75 Td (have ) Tj ET Q q 0 0 0 rg BT 496.63 409.75 Td (evaluated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 127.46 397.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 167.49 397.75 Td (on ) Tj ET Q q 0 0 0 rg BT 181.39 397.75 Td (to ) Tj ET Q q 0 0 0 rg BT 192.51 397.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.19 397.75 Td (management ) Tj ET Q q 0 0 0 rg BT 270.33 397.75 Td (and ) Tj ET Q q 0 0 0 rg BT 289.80 397.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 319.26 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 330.38 397.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 373.16 397.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.28 397.75 Td (Baytex:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 350.25 m 372.5 350.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 350.25 m 376.5 350.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 350.25 m 429.5 350.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 350.25 m 433.5 350.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 350.25 m 486.5 350.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 350.25 m 490.5 350.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 350.25 m 543.5 350.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108.5 337.25 m 193.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 337.25 m 315.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 337.25 m 429.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 337.25 m 543.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 337.25 m 267.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 337.25 m 372.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 337.25 m 486.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 337.25 m 543.5 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108.5 269.25 m 193.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 269.25 m 267.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 269.25 m 315.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 269.25 m 372.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 269.25 m 429.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 269.25 m 486.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 269.25 m 543.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 250.25 m 429.5 250.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 248.25 m 429.5 248.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 250.25 m 486.5 250.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 248.25 m 486.5 248.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 250.25 m 543.5 250.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 248.25 m 543.5 248.25 l s BT /F2 7.50 Tf ET q 0 0 0 rg BT 123.70 363.84 Td (Independent) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 112.20 356.34 Td (Qualified Reserves) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 124.10 348.84 Td (Evaluator or) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 132.65 341.34 Td (Auditor) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 202.60 356.34 Td (Effective Date of) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 208.20 348.84 Td (Evaluation or) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 205.90 341.34 Td (Review Report) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 277.35 356.34 Td (Location) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 289.45 348.84 Td (of) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 276.30 341.34 Td (Reserves) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 358.25 369.34 Td (Net Present V) Tj ET Q q 0 0 0 rg BT 406.61 369.34 Td (alue of Future Net Revenue) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 358.05 361.84 Td (\(before income taxes, 10% discount rate\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 402.00 354.34 Td (\(in $ thousands\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 331.50 341.34 Td (Audited) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 384.75 341.34 Td (Evaluated) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 442.15 341.34 Td (Reviewed) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 507.80 341.34 Td (T) Tj ET Q q 0 0 0 rg BT 511.82 341.34 Td (otal) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 128.05 329.29 Td (Sproule) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 122.85 321.79 Td (Associates) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 128.90 314.29 Td (Limited) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 208.40 325.09 Td (December 31,) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 223.65 317.59 Td (2018) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 279.85 321.34 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.50 321.23 Td () Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 393.05 321.34 Td (3,785,233) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.50 321.23 Td () Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 507.05 321.34 Td (3,785,233) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 121.40 301.09 Td (Ryder Scott) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 116.95 293.59 Td (Company) Tj ET Q q 0 0 0 rg BT 148.77 293.59 Td (, L.P) Tj ET Q q 0 0 0 rg BT 163.44 293.59 Td (.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 208.40 301.09 Td (December 31,) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 223.65 293.59 Td (2018) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 282.15 301.29 Td (T) Tj ET Q q 0 0 0 rg BT 285.90 301.29 Td (exas,) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 285.45 293.79 Td (USA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.50 297.23 Td () Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 393.05 297.34 Td (2,257,957) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.50 297.23 Td () Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 507.05 297.34 Td (2,257,957) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 115.95 281.09 Td (GLJ Petroleum) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 113.85 273.59 Td (Consultants Ltd.) 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571.75 Td (to ) Tj ET Q q 0 0 0 rg BT 100.90 571.75 Td (recommend ) Tj ET Q q 0 0 0 rg BT 155.63 571.75 Td (their ) Tj ET Q q 0 0 0 rg BT 177.02 571.75 Td (approval ) Tj ET Q q 0 0 0 rg BT 217.31 571.75 Td (or ) Tj ET Q q 0 0 0 rg BT 228.14 571.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 272.88 571.75 Td (to ) Tj ET Q q 0 0 0 rg BT 283.15 571.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.99 571.75 Td (Board. ) Tj ET Q q 0 0 0 rg BT 330.39 571.75 Td ( ) Tj ET Q q 0 0 0 rg BT 332.20 571.75 Td (The ) Tj ET Q q 0 0 0 rg BT 351.37 571.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 401.65 571.75 Td (is ) Tj ET Q q 0 0 0 rg BT 410.80 571.75 Td (also ) Tj ET Q q 0 0 0 rg BT 431.09 571.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 484.16 571.75 Td (for ) Tj ET Q q 0 0 0 rg BT 497.77 571.75 Td (reviewing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 559.75 Td (and ) Tj ET Q q 0 0 0 rg BT 93.88 559.75 Td (recommending ) Tj ET Q q 0 0 0 rg BT 165.22 559.75 Td (to ) Tj ET Q q 0 0 0 rg BT 178.75 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.85 559.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 229.73 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.82 559.75 Td (appointment ) Tj ET Q q 0 0 0 rg BT 309.06 559.75 Td (and ) Tj ET Q q 0 0 0 rg BT 330.94 559.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 398.39 559.75 Td (of ) Tj ET Q q 0 0 0 rg BT 411.93 559.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.02 559.75 Td (external ) Tj ET Q q 0 0 0 rg BT 471.79 559.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 512.56 559.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.10 559.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 129.48 547.75 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 180.84 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.19 547.75 Td (work ) Tj ET Q q 0 0 0 rg BT 220.75 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 231.54 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 247.89 547.75 Td (external ) Tj ET Q q 0 0 0 rg BT 285.91 547.75 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 326.71 547.75 Td (including ) Tj ET Q q 0 0 0 rg BT 368.63 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 384.98 547.75 Td (nature ) Tj ET Q q 0 0 0 rg BT 415.79 547.75 Td (and ) Tj ET Q q 0 0 0 rg BT 434.92 547.75 Td (scope ) Tj ET Q q 0 0 0 rg BT 464.05 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 474.84 547.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.18 547.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 515.32 547.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.10 547.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 535.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 103.69 535.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.04 535.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 192.62 535.75 Td (of ) Tj ET Q q 0 0 0 rg BT 202.62 535.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.19 535.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 274.88 535.75 Td (pre-approving ) Tj ET Q q 0 0 0 rg BT 338.25 535.75 Td (services ) Tj ET Q q 0 0 0 rg BT 376.58 535.75 Td (to ) Tj ET Q q 0 0 0 rg BT 386.59 535.75 Td (be ) Tj ET Q q 0 0 0 rg BT 399.37 535.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 439.40 535.75 Td (by ) Tj ET Q q 0 0 0 rg BT 451.62 535.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.18 535.75 Td (external ) Tj ET Q q 0 0 0 rg BT 504.42 535.75 Td (auditors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 523.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.15 523.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 135.87 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 152.24 523.75 Td (assessments ) Tj ET Q q 0 0 0 rg BT 213.06 523.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 255.56 523.75 Td (by ) Tj ET Q q 0 0 0 rg BT 268.59 523.75 Td (management ) Tj ET Q q 0 0 0 rg BT 329.43 523.75 Td (and ) Tj ET Q q 0 0 0 rg BT 348.59 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 364.96 523.75 Td (external ) Tj ET Q q 0 0 0 rg BT 403.01 523.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 441.05 523.75 Td (on ) Tj ET Q q 0 0 0 rg BT 454.65 523.75 Td (the ) Tj ET Q q 0 0 0 rg BT 471.02 523.75 Td (ef) Tj ET Q q 0 0 0 rg BT 479.18 523.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 531.67 523.75 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 511.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 511.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 150.62 511.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 186.19 511.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 223.99 511.75 Td (over ) Tj ET Q q 0 0 0 rg BT 246.22 511.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 285.69 511.75 Td (reporting.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.01 490.75 Td (objectives ) Tj ET Q q 0 0 0 rg BT 139.26 490.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.37 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 167.05 490.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 218.18 490.75 Td (are ) Tj ET Q q 0 0 0 rg BT 235.41 490.75 Td (to:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 469.75 Td (assist ) Tj ET Q q 0 0 0 rg BT 136.59 469.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 177.96 469.75 Td (in ) Tj ET Q q 0 0 0 rg BT 188.77 469.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 227.37 469.75 Td (their ) Tj ET Q q 0 0 0 rg BT 249.85 469.75 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 318.46 469.75 Td (in ) Tj ET Q q 0 0 0 rg BT 329.27 469.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 365.08 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.45 469.75 Td (the ) Tj ET Q q 0 0 0 rg BT 393.38 469.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 446.99 469.75 Td (and ) Tj ET Q q 0 0 0 rg BT 466.70 469.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 514.75 469.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.11 469.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 457.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.47 457.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 199.16 457.75 Td (of ) Tj ET Q q 0 0 0 rg BT 210.28 457.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.96 457.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 281.98 457.75 Td (and ) Tj ET Q q 0 0 0 rg BT 301.45 457.75 Td (related ) Tj ET Q q 0 0 0 rg BT 334.80 457.75 Td (matters;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 436.75 Td (2. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 436.75 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 147.46 436.75 Td (communication ) Tj ET Q q 0 0 0 rg BT 217.49 436.75 Td (between ) Tj ET Q q 0 0 0 rg BT 258.08 436.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 299.20 436.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.66 436.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.34 436.75 Td (external ) Tj ET Q q 0 0 0 rg BT 373.70 436.75 Td (auditors;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 415.75 Td (3. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 415.75 Td (enhance ) Tj ET Q q 0 0 0 rg BT 149.15 415.75 Td (the ) Tj ET Q q 0 0 0 rg BT 165.83 415.75 Td (external ) Tj ET Q q 0 0 0 rg BT 204.18 415.75 Td (auditors' ) Tj ET Q q 0 0 0 rg BT 244.45 415.75 Td (independence;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 394.75 Td (4. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 394.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 148.58 394.75 Td (the ) Tj ET Q q 0 0 0 rg BT 165.26 394.75 Td (credibility ) Tj ET Q q 0 0 0 rg BT 209.71 394.75 Td (and ) Tj ET Q q 0 0 0 rg BT 229.18 394.75 Td (objectivity ) Tj ET Q q 0 0 0 rg BT 275.86 394.75 Td (of ) Tj ET Q q 0 0 0 rg BT 286.98 394.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.45 394.75 Td (reports; ) Tj ET Q q 0 0 0 rg BT 363.13 394.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 373.75 Td (5. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 373.75 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 158.89 373.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.43 373.75 Td (role ) Tj ET Q q 0 0 0 rg BT 196.75 373.75 Td (of ) Tj ET Q q 0 0 0 rg BT 208.72 373.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.26 373.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 284.96 373.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 326.94 373.75 Td (by ) Tj ET Q q 0 0 0 rg BT 341.14 373.75 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 389.24 373.75 Td (in ) Tj ET Q q 0 0 0 rg BT 400.67 373.75 Td (depth ) Tj ET Q q 0 0 0 rg BT 429.33 373.75 Td (discussions ) Tj ET Q q 0 0 0 rg BT 484.66 373.75 Td (between ) Tj ET Q q 0 0 0 rg BT 526.10 373.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 361.75 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 161.90 361.75 Td (management ) Tj ET Q q 0 0 0 rg BT 223.05 361.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.51 361.75 Td (the ) Tj ET Q q 0 0 0 rg BT 259.19 361.75 Td (external ) Tj ET Q q 0 0 0 rg BT 297.55 361.75 Td (auditors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (MEMBERSHIP) Tj ET Q q 0 0 0 rg BT 139.60 340.75 Td ( ) Tj ET Q q 0 0 0 rg BT 142.38 340.75 Td (OF ) Tj ET Q q 0 0 0 rg BT 159.05 340.75 Td (THE ) Tj ET Q q 0 0 0 rg BT 181.82 340.75 Td (COMMITTEE) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 319.75 Td (The ) Tj ET Q q 0 0 0 rg BT 128.10 319.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 179.31 319.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 202.75 319.75 Td (be ) Tj ET Q q 0 0 0 rg BT 216.74 319.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 265.74 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.95 319.75 Td (not ) Tj ET Q q 0 0 0 rg BT 293.72 319.75 Td (less ) Tj ET Q q 0 0 0 rg BT 314.37 319.75 Td (than ) Tj ET Q q 0 0 0 rg BT 336.70 319.75 Td (three ) Tj ET Q q 0 0 0 rg BT 362.37 319.75 Td (members ) Tj ET Q q 0 0 0 rg BT 406.91 319.75 Td (all ) Tj ET Q q 0 0 0 rg BT 419.78 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 430.99 319.75 Td (whom ) Tj ET Q q 0 0 0 rg BT 460.54 319.75 Td (are ) Tj ET Q q 0 0 0 rg BT 477.86 319.75 Td ("independent" ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 307.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 152.32 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 174.99 307.75 Td ("financially ) Tj ET Q q 0 0 0 rg BT 228.43 307.75 Td (literate" ) Tj ET Q q 0 0 0 rg BT 267.97 307.75 Td (\(within ) Tj ET Q q 0 0 0 rg BT 302.85 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 322.73 307.75 Td (meaning ) Tj ET Q q 0 0 0 rg BT 367.07 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 381.39 307.75 Td (National ) Tj ET Q q 0 0 0 rg BT 424.06 307.75 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 477.28 307.75 Td (52-1) Tj ET Q q 0 0 0 rg BT 496.55 307.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 513.66 307.75 Td ("Audit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 295.75 Td (Committees"\). ) Tj ET Q q 0 0 0 rg BT 173.59 295.75 Td ( ) Tj ET Q q 0 0 0 rg BT 176.18 295.75 Td ( ) Tj ET Q q 0 0 0 rg BT 178.60 295.75 Td (The ) Tj ET Q q 0 0 0 rg BT 198.42 295.75 Td (members ) Tj ET Q q 0 0 0 rg BT 242.68 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 253.61 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 270.10 295.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 321.03 295.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 344.19 295.75 Td (be ) Tj ET Q q 0 0 0 rg BT 357.90 295.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 404.42 295.75 Td (by ) Tj ET Q q 0 0 0 rg BT 417.57 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 434.06 295.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 463.33 295.75 Td (from ) Tj ET Q q 0 0 0 rg BT 485.92 295.75 Td (time ) Tj ET Q q 0 0 0 rg BT 507.40 295.75 Td (to ) Tj ET Q q 0 0 0 rg BT 518.33 295.75 Td (time.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 274.75 Td (2. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 274.75 Td (The ) Tj ET Q q 0 0 0 rg BT 128.01 274.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 157.47 274.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 180.82 274.75 Td (appoint ) Tj ET Q q 0 0 0 rg BT 216.40 274.75 Td (a ) Tj ET Q q 0 0 0 rg BT 224.74 274.75 Td (Chair ) Tj ET Q q 0 0 0 rg BT 251.42 274.75 Td (of ) Tj ET Q q 0 0 0 rg BT 262.54 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 279.22 274.75 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 333.12 274.75 Td (who ) Tj ET Q q 0 0 0 rg BT 354.24 274.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 377.58 274.75 Td (be ) Tj ET Q q 0 0 0 rg BT 391.49 274.75 Td (an ) Tj ET Q q 0 0 0 rg BT 405.39 274.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 463.22 274.75 Td (director) Tj ET Q q 0 0 0 rg BT 496.01 274.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (3. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 253.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 128.74 253.75 Td (member ) Tj ET Q q 0 0 0 rg BT 168.92 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.76 253.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.17 253.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 250.02 253.75 Td (may ) Tj ET Q q 0 0 0 rg BT 272.42 253.75 Td (be ) Tj ET Q q 0 0 0 rg BT 287.04 253.75 Td (removed ) Tj ET Q q 0 0 0 rg BT 329.46 253.75 Td (or ) Tj ET Q q 0 0 0 rg BT 341.85 253.75 Td (replaced ) Tj ET Q q 0 0 0 rg BT 383.72 253.75 Td (at ) Tj ET Q q 0 0 0 rg BT 395.56 253.75 Td (any ) Tj ET Q q 0 0 0 rg BT 415.19 253.75 Td (time ) Tj ET Q q 0 0 0 rg BT 437.59 253.75 Td (by ) Tj ET Q q 0 0 0 rg BT 451.66 253.75 Td (the ) Tj ET Q q 0 0 0 rg BT 469.06 253.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 499.25 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.44 253.75 Td (shall ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 241.75 Td (cease ) Tj ET Q q 0 0 0 rg BT 138.01 241.75 Td (to ) Tj ET Q q 0 0 0 rg BT 149.67 241.75 Td (be ) Tj ET Q q 0 0 0 rg BT 164.11 241.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.00 241.75 Td (member ) Tj ET Q q 0 0 0 rg BT 213.00 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.66 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.88 241.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 293.55 241.75 Td (as ) Tj ET Q q 0 0 0 rg BT 307.43 241.75 Td (soon ) Tj ET Q q 0 0 0 rg BT 332.44 241.75 Td (as ) Tj ET Q q 0 0 0 rg BT 346.32 241.75 Td (such ) Tj ET Q q 0 0 0 rg BT 370.77 241.75 Td (member ) Tj ET Q q 0 0 0 rg BT 410.76 241.75 Td (ceases ) Tj ET Q q 0 0 0 rg BT 445.77 241.75 Td (to ) Tj ET Q q 0 0 0 rg BT 457.43 241.75 Td (be ) Tj ET Q q 0 0 0 rg BT 471.88 241.75 Td (a ) Tj ET Q q 0 0 0 rg BT 480.76 241.75 Td (director) Tj ET Q q 0 0 0 rg BT 513.56 241.75 Td (. ) Tj ET Q q 0 0 0 rg BT 519.66 241.75 Td ( ) Tj ET Q q 0 0 0 rg BT 522.76 241.75 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 229.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 136.12 229.75 Td (may ) Tj ET Q q 0 0 0 rg BT 156.44 229.75 Td (fill ) Tj ET Q q 0 0 0 rg BT 167.32 229.75 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 213.22 229.75 Td (on ) Tj ET Q q 0 0 0 rg BT 225.77 229.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.11 229.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 290.88 229.75 Td (by ) Tj ET Q q 0 0 0 rg BT 302.88 229.75 Td (appointment ) Tj ET Q q 0 0 0 rg BT 359.35 229.75 Td (from ) Tj ET Q q 0 0 0 rg BT 380.78 229.75 Td (among ) Tj ET Q q 0 0 0 rg BT 412.79 229.75 Td (its ) Tj ET Q q 0 0 0 rg BT 424.22 229.75 Td (members. ) Tj ET Q q 0 0 0 rg BT 470.11 229.75 Td ( ) Tj ET Q q 0 0 0 rg BT 471.54 229.75 Td (If ) Tj ET Q q 0 0 0 rg BT 478.53 229.75 Td (and ) Tj ET Q q 0 0 0 rg BT 496.65 229.75 Td (whenever ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 217.75 Td (a ) Tj ET Q q 0 0 0 rg BT 115.76 217.75 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 154.64 217.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 177.41 217.75 Td (exist ) Tj ET Q q 0 0 0 rg BT 200.17 217.75 Td (on ) Tj ET Q q 0 0 0 rg BT 213.49 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 229.58 217.75 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 282.91 217.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.00 217.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 345.11 217.75 Td (members ) Tj ET Q q 0 0 0 rg BT 388.99 217.75 Td (may ) Tj ET Q q 0 0 0 rg BT 410.08 217.75 Td (exercise ) Tj ET Q q 0 0 0 rg BT 449.51 217.75 Td (all ) Tj ET Q q 0 0 0 rg BT 461.71 217.75 Td (its ) Tj ET Q q 0 0 0 rg BT 473.91 217.75 Td (powers ) Tj ET Q q 0 0 0 rg BT 508.34 217.75 Td (so ) Tj ET Q q 0 0 0 rg BT 521.10 217.75 Td (long ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 205.75 Td (as ) Tj ET Q q 0 0 0 rg BT 121.94 205.75 Td (a ) Tj ET Q q 0 0 0 rg BT 130.88 205.75 Td (quorum ) Tj ET Q q 0 0 0 rg BT 168.16 205.75 Td (remains. ) Tj ET Q q 0 0 0 rg BT 209.88 205.75 Td ( ) Tj ET Q q 0 0 0 rg BT 213.26 205.75 Td (Subject ) Tj ET Q q 0 0 0 rg BT 249.99 205.75 Td (to ) Tj ET Q q 0 0 0 rg BT 261.70 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 278.98 205.75 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 326.84 205.75 Td (each ) Tj ET Q q 0 0 0 rg BT 351.90 205.75 Td (member ) Tj ET Q q 0 0 0 rg BT 391.95 205.75 Td (of ) Tj ET Q q 0 0 0 rg BT 403.66 205.75 Td (the ) Tj ET Q q 0 0 0 rg BT 420.94 205.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 472.66 205.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 496.61 205.75 Td (hold ) Tj ET Q q 0 0 0 rg BT 518.89 205.75 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 193.75 Td (of) Tj ET Q q 0 0 0 rg BT 116.16 193.75 Td (fice ) Tj ET Q q 0 0 0 rg BT 136.46 193.75 Td (until ) Tj ET Q q 0 0 0 rg BT 159.55 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.19 193.75 Td (close ) Tj ET Q q 0 0 0 rg BT 206.28 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.36 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 238.00 193.75 Td (next ) Tj ET Q q 0 0 0 rg BT 261.65 193.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 296.42 193.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 336.73 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 349.82 193.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 412.37 193.75 Td (of ) Tj ET Q q 0 0 0 rg BT 425.45 193.75 Td (the ) Tj ET Q q 0 0 0 rg BT 444.10 193.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 501.09 193.75 Td (following ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 181.75 Td (appointment ) Tj ET Q q 0 0 0 rg BT 165.82 181.75 Td (as ) Tj ET Q q 0 0 0 rg BT 179.16 181.75 Td (a ) Tj ET Q q 0 0 0 rg BT 187.50 181.75 Td (member ) Tj ET Q q 0 0 0 rg BT 226.95 181.75 Td (of ) Tj ET Q q 0 0 0 rg BT 238.07 181.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.75 181.75 Td (Committee.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 160.75 Td (MANDA) Tj ET Q q 0 0 0 rg BT 108.47 160.75 Td (TE ) Tj ET Q q 0 0 0 rg BT 123.66 160.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 148.10 160.75 Td (RESPONSIBILITIES ) Tj ET Q q 0 0 0 rg BT 243.67 160.75 Td (OF ) Tj ET Q q 0 0 0 rg BT 260.34 160.75 Td (THE ) Tj ET Q q 0 0 0 rg BT 283.12 160.75 Td (COMMITTEE) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 139.75 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 139.75 Td (It ) Tj ET Q q 0 0 0 rg BT 117.71 139.75 Td (is ) Tj ET Q q 0 0 0 rg BT 129.09 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 147.15 139.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 209.12 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.61 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 239.67 139.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 292.18 139.75 Td (to ) Tj ET Q q 0 0 0 rg BT 304.67 139.75 Td (oversee ) Tj ET Q q 0 0 0 rg BT 344.41 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.47 139.75 Td (work ) Tj ET Q q 0 0 0 rg BT 387.74 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 400.24 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 418.30 139.75 Td (external ) Tj ET Q q 0 0 0 rg BT 458.03 139.75 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 500.54 139.75 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 127.75 Td (resolution ) Tj ET Q q 0 0 0 rg BT 155.15 127.75 Td (of ) Tj ET Q q 0 0 0 rg BT 167.27 127.75 Td (disagreements ) Tj ET Q q 0 0 0 rg BT 236.65 127.75 Td (between ) Tj ET Q q 0 0 0 rg BT 278.24 127.75 Td (management ) Tj ET Q q 0 0 0 rg BT 340.40 127.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.87 127.75 Td (the ) Tj ET Q q 0 0 0 rg BT 378.56 127.75 Td (external ) Tj ET Q q 0 0 0 rg BT 417.92 127.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 457.28 127.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 503.32 127.75 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 115.75 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 153.02 115.75 Td ( ) Tj ET Q q 0 0 0 rg BT 155.62 115.75 Td (The ) Tj ET Q q 0 0 0 rg BT 175.63 115.75 Td (external ) Tj ET Q q 0 0 0 rg BT 213.99 115.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 252.34 115.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 275.69 115.75 Td (report ) Tj ET Q q 0 0 0 rg BT 304.59 115.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 339.04 115.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.16 115.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.84 115.75 Td (Committee.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 94.75 Td (2. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 94.75 Td (It ) Tj ET Q q 0 0 0 rg BT 116.87 94.75 Td (is ) Tj ET Q q 0 0 0 rg BT 127.40 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 144.61 94.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 205.72 94.75 Td (of ) Tj ET Q q 0 0 0 rg BT 217.37 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 234.58 94.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 286.24 94.75 Td (to ) Tj ET Q q 0 0 0 rg BT 297.89 94.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 329.54 94.75 Td (itself ) Tj ET Q q 0 0 0 rg BT 353.41 94.75 Td (on ) Tj ET Q q 0 0 0 rg BT 367.84 94.75 Td (behalf ) Tj ET Q q 0 0 0 rg BT 398.40 94.75 Td (of ) Tj ET Q q 0 0 0 rg BT 410.05 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 427.26 94.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 457.26 94.75 Td (with ) Tj ET Q q 0 0 0 rg BT 478.35 94.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 514.45 94.75 Td (to ) Tj ET Q q 0 0 0 rg BT 526.10 94.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 82.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 169.94 82.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 205.51 82.75 Td (control ) Tj ET Q q 0 0 0 rg BT 238.31 82.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 277.76 82.75 Td (by: ) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 712.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 712.75 Td (identifying, ) Tj ET Q q 0 0 0 rg BT 176.59 712.75 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 226.05 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 245.52 712.75 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 291.09 712.75 Td (business ) Tj ET Q q 0 0 0 rg BT 333.34 712.75 Td (risks; ) Tj ET Q q 0 0 0 rg BT 359.45 712.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 691.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 691.75 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 167.14 691.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 220.50 691.75 Td (with ) Tj ET Q q 0 0 0 rg BT 241.06 691.75 Td (legal, ) Tj ET Q q 0 0 0 rg BT 267.74 691.75 Td (ethical ) Tj ET Q q 0 0 0 rg BT 299.43 691.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.89 691.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 366.14 691.75 Td (requirements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 670.75 Td (3. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 670.75 Td (It ) Tj ET Q q 0 0 0 rg BT 116.12 670.75 Td (is ) Tj ET Q q 0 0 0 rg BT 125.91 670.75 Td (a ) Tj ET Q q 0 0 0 rg BT 134.04 670.75 Td (primary ) Tj ET Q q 0 0 0 rg BT 169.94 670.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 230.30 670.75 Td (of ) Tj ET Q q 0 0 0 rg BT 241.21 670.75 Td (the ) Tj ET Q q 0 0 0 rg BT 257.68 670.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 308.59 670.75 Td (to ) Tj ET Q q 0 0 0 rg BT 319.49 670.75 Td (review ) Tj ET Q q 0 0 0 rg BT 350.95 670.75 Td (the ) Tj ET Q q 0 0 0 rg BT 367.42 670.75 Td (interim ) Tj ET Q q 0 0 0 rg BT 399.99 670.75 Td (and ) Tj ET Q q 0 0 0 rg BT 419.24 670.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 451.84 670.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 491.09 670.75 Td (statements ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 658.75 Td (of ) Tj ET Q q 0 0 0 rg BT 119.31 658.75 Td (the ) Tj ET Q q 0 0 0 rg BT 136.18 658.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 191.41 658.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 214.38 658.75 Td (to ) Tj ET Q q 0 0 0 rg BT 225.69 658.75 Td (their ) Tj ET Q q 0 0 0 rg BT 248.12 658.75 Td (submission ) Tj ET Q q 0 0 0 rg BT 301.11 658.75 Td (to ) Tj ET Q q 0 0 0 rg BT 312.42 658.75 Td (the ) Tj ET Q q 0 0 0 rg BT 329.29 658.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 358.95 658.75 Td (for ) Tj ET Q q 0 0 0 rg BT 373.59 658.75 Td (approval. ) Tj ET Q q 0 0 0 rg BT 417.70 658.75 Td ( ) Tj ET Q q 0 0 0 rg BT 420.48 658.75 Td (The ) Tj ET Q q 0 0 0 rg BT 440.68 658.75 Td (review ) Tj ET Q q 0 0 0 rg BT 472.55 658.75 Td (process ) Tj ET Q q 0 0 0 rg BT 510.53 658.75 Td (should ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 646.75 Td (include, ) Tj ET Q q 0 0 0 rg BT 145.25 646.75 Td (without ) Tj ET Q q 0 0 0 rg BT 179.71 646.75 Td (limitation:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 625.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 625.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 171.23 625.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 212.02 625.75 Td (in ) Tj ET Q q 0 0 0 rg BT 222.79 625.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 274.14 625.75 Td (principles, ) Tj ET Q q 0 0 0 rg BT 322.14 625.75 Td (or ) Tj ET Q q 0 0 0 rg BT 334.02 625.75 Td (in ) Tj ET Q q 0 0 0 rg BT 344.79 625.75 Td (their ) Tj ET Q q 0 0 0 rg BT 367.22 625.75 Td (application, ) Tj ET Q q 0 0 0 rg BT 420.80 625.75 Td (which ) Tj ET Q q 0 0 0 rg BT 449.35 625.75 Td (may ) Tj ET Q q 0 0 0 rg BT 471.23 625.75 Td (have ) Tj ET Q q 0 0 0 rg BT 495.89 625.75 Td (a ) Tj ET Q q 0 0 0 rg BT 504.44 625.75 Td (material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 613.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 158.23 613.75 Td (on ) Tj ET Q q 0 0 0 rg BT 172.13 613.75 Td (the ) Tj ET Q q 0 0 0 rg BT 188.81 613.75 Td (current ) Tj ET Q q 0 0 0 rg BT 222.71 613.75 Td (or ) Tj ET Q q 0 0 0 rg BT 234.38 613.75 Td (future ) Tj ET Q q 0 0 0 rg BT 262.73 613.75 Td (years' ) Tj ET Q q 0 0 0 rg BT 291.87 613.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.34 613.75 Td (statements;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 592.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 592.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 171.02 592.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 218.27 592.75 Td (accruals, ) Tj ET Q q 0 0 0 rg BT 261.06 592.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 302.18 592.75 Td (or ) Tj ET Q q 0 0 0 rg BT 313.85 592.75 Td (other ) Tj ET Q q 0 0 0 rg BT 339.42 592.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 384.99 592.75 Td (such ) Tj ET Q q 0 0 0 rg BT 408.90 592.75 Td (as ) Tj ET Q q 0 0 0 rg BT 422.24 592.75 Td (the ) Tj ET Q q 0 0 0 rg BT 438.92 592.75 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 470.04 592.75 Td (test ) Tj ET Q q 0 0 0 rg BT 488.94 592.75 Td (calculation;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 571.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 571.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 171.02 571.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 222.17 571.75 Td (treatment ) Tj ET Q q 0 0 0 rg BT 267.19 571.75 Td (of ) Tj ET Q q 0 0 0 rg BT 278.30 571.75 Td (unusual ) Tj ET Q q 0 0 0 rg BT 316.11 571.75 Td (or ) Tj ET Q q 0 0 0 rg BT 327.78 571.75 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 390.03 571.75 Td (transactions;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 550.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 550.75 Td (ascertaining ) Tj ET Q q 0 0 0 rg BT 182.70 550.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 236.06 550.75 Td (with ) Tj ET Q q 0 0 0 rg BT 256.62 550.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 304.98 550.75 Td (under ) Tj ET Q q 0 0 0 rg BT 333.34 550.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 355.02 550.75 Td (agreements;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 529.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 529.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 171.02 529.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 218.82 529.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 279.96 529.75 Td (for ) Tj ET Q q 0 0 0 rg BT 294.40 529.75 Td (commitments ) Tj ET Q q 0 0 0 rg BT 356.63 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.10 529.75 Td (contingencies;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 508.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 508.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 171.18 508.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 228.04 508.75 Td (raised ) Tj ET Q q 0 0 0 rg BT 258.21 508.75 Td (by ) Tj ET Q q 0 0 0 rg BT 271.71 508.75 Td (the ) Tj ET Q q 0 0 0 rg BT 288.56 508.75 Td (external ) Tj ET Q q 0 0 0 rg BT 327.07 508.75 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 368.37 508.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 406.88 508.75 Td (or ) Tj ET Q q 0 0 0 rg BT 418.71 508.75 Td (not ) Tj ET Q q 0 0 0 rg BT 435.56 508.75 Td (included ) Tj ET Q q 0 0 0 rg BT 475.75 508.75 Td (in ) Tj ET Q q 0 0 0 rg BT 486.47 508.75 Td (the ) Tj ET Q q 0 0 0 rg BT 503.31 508.75 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 496.75 Td (statements;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 475.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 475.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 171.02 475.75 Td (unresolved ) Tj ET Q q 0 0 0 rg BT 222.72 475.75 Td (dif) Tj ET Q q 0 0 0 rg BT 233.10 475.75 Td (ferences ) Tj ET Q q 0 0 0 rg BT 274.23 475.75 Td (between ) Tj ET Q q 0 0 0 rg BT 314.82 475.75 Td (management ) Tj ET Q q 0 0 0 rg BT 375.97 475.75 Td (and ) Tj ET Q q 0 0 0 rg BT 395.43 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 412.11 475.75 Td (external ) Tj ET Q q 0 0 0 rg BT 450.46 475.75 Td (auditors;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 454.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 454.75 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 169.37 454.75 Td (explanations ) Tj ET Q q 0 0 0 rg BT 228.30 454.75 Td (of ) Tj ET Q q 0 0 0 rg BT 239.42 454.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 286.66 454.75 Td (variances ) Tj ET Q q 0 0 0 rg BT 332.24 454.75 Td (with ) Tj ET Q q 0 0 0 rg BT 352.80 454.75 Td (comparative ) Tj ET Q q 0 0 0 rg BT 410.05 454.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.29 454.75 Td (periods; ) Tj ET Q q 0 0 0 rg BT 490.65 454.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 433.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 433.75 Td (determining ) Tj ET Q q 0 0 0 rg BT 181.92 433.75 Td (through ) Tj ET Q q 0 0 0 rg BT 219.50 433.75 Td (inquiry ) Tj ET Q q 0 0 0 rg BT 252.63 433.75 Td (if ) Tj ET Q q 0 0 0 rg BT 261.29 433.75 Td (there ) Tj ET Q q 0 0 0 rg BT 287.75 433.75 Td (are ) Tj ET Q q 0 0 0 rg BT 305.87 433.75 Td (any ) Tj ET Q q 0 0 0 rg BT 325.66 433.75 Td (related ) Tj ET Q q 0 0 0 rg BT 359.91 433.75 Td (party ) Tj ET Q q 0 0 0 rg BT 385.80 433.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 443.39 433.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.74 433.75 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 505.77 433.75 Td (that ) Tj ET Q q 0 0 0 rg BT 526.11 433.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 421.75 Td (nature ) Tj ET Q q 0 0 0 rg BT 157.13 421.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.60 421.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 206.62 421.75 Td (of ) Tj ET Q q 0 0 0 rg BT 217.73 421.75 Td (such ) Tj ET Q q 0 0 0 rg BT 241.63 421.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 298.33 421.75 Td (are ) Tj ET Q q 0 0 0 rg BT 315.56 421.75 Td (properly ) Tj ET Q q 0 0 0 rg BT 354.47 421.75 Td (disclosed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 400.75 Td (4. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 400.75 Td (The ) Tj ET Q q 0 0 0 rg BT 127.65 400.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 178.41 400.75 Td (is ) Tj ET Q q 0 0 0 rg BT 188.04 400.75 Td (to ) Tj ET Q q 0 0 0 rg BT 198.80 400.75 Td (review ) Tj ET Q q 0 0 0 rg BT 230.11 400.75 Td (all ) Tj ET Q q 0 0 0 rg BT 242.53 400.75 Td (public ) Tj ET Q q 0 0 0 rg BT 271.07 400.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 318.50 400.75 Td (of ) Tj ET Q q 0 0 0 rg BT 329.26 400.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 364.48 400.75 Td (or ) Tj ET Q q 0 0 0 rg BT 375.79 400.75 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 422.13 400.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.23 400.75 Td (information ) Tj ET Q q 0 0 0 rg BT 513.12 400.75 Td (by ) Tj ET Q q 0 0 0 rg BT 526.09 400.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 388.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 162.89 388.75 Td (before ) Tj ET Q q 0 0 0 rg BT 193.88 388.75 Td (its ) Tj ET Q q 0 0 0 rg BT 206.52 388.75 Td (release ) Tj ET Q q 0 0 0 rg BT 241.95 388.75 Td (\(and, ) Tj ET Q q 0 0 0 rg BT 267.38 388.75 Td (if ) Tj ET Q q 0 0 0 rg BT 275.02 388.75 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 325.47 388.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 348.11 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 359.09 388.75 Td (its ) Tj ET Q q 0 0 0 rg BT 371.73 388.75 Td (submission ) Tj ET Q q 0 0 0 rg BT 424.38 388.75 Td (to ) Tj ET Q q 0 0 0 rg BT 435.36 388.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.90 388.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 481.22 388.75 Td (for ) Tj ET Q q 0 0 0 rg BT 495.53 388.75 Td (approval\), ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 376.75 Td (including ) Tj ET Q q 0 0 0 rg BT 149.93 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 166.30 376.75 Td (interim ) Tj ET Q q 0 0 0 rg BT 198.76 376.75 Td (and ) Tj ET Q q 0 0 0 rg BT 217.91 376.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 250.40 376.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.55 376.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 340.92 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.72 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 368.08 376.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 425.57 376.75 Td (management's ) Tj ET Q q 0 0 0 rg BT 493.31 376.75 Td (discussion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 129.86 364.75 Td (analysis ) Tj ET Q q 0 0 0 rg BT 171.17 364.75 Td (of ) Tj ET Q q 0 0 0 rg BT 184.69 364.75 Td (results ) Tj ET Q q 0 0 0 rg BT 219.32 364.75 Td (of ) Tj ET Q q 0 0 0 rg BT 232.83 364.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 284.71 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 306.57 364.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.44 364.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 396.43 364.75 Td (press ) Tj ET Q q 0 0 0 rg BT 426.06 364.75 Td (releases ) Tj ET Q q 0 0 0 rg BT 469.03 364.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.89 364.75 Td (the ) Tj ET Q q 0 0 0 rg BT 509.97 364.75 Td (annual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 352.75 Td (information ) Tj ET Q q 0 0 0 rg BT 160.45 352.75 Td (form. ) Tj ET Q q 0 0 0 rg BT 186.21 352.75 Td ( ) Tj ET Q q 0 0 0 rg BT 189.01 352.75 Td (The ) Tj ET Q q 0 0 0 rg BT 209.22 352.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 260.55 352.75 Td (must ) Tj ET Q q 0 0 0 rg BT 285.20 352.75 Td (be ) Tj ET Q q 0 0 0 rg BT 299.31 352.75 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 338.98 352.75 Td (that ) Tj ET Q q 0 0 0 rg BT 358.65 352.75 Td (adequate ) Tj ET Q q 0 0 0 rg BT 403.34 352.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 456.35 352.75 Td (are ) Tj ET Q q 0 0 0 rg BT 473.79 352.75 Td (in ) Tj ET Q q 0 0 0 rg BT 484.56 352.75 Td (place ) Tj ET Q q 0 0 0 rg BT 511.45 352.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.10 352.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 340.75 Td (review ) Tj ET Q q 0 0 0 rg BT 141.05 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.55 340.75 Td (the ) Tj ET Q q 0 0 0 rg BT 171.61 340.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 234.93 340.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 284.11 340.75 Td (of ) Tj ET Q q 0 0 0 rg BT 296.61 340.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.45 340.75 Td (information ) Tj ET Q q 0 0 0 rg BT 391.08 340.75 Td (and ) Tj ET Q q 0 0 0 rg BT 411.92 340.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 436.65 340.75 Td (periodically ) Tj ET Q q 0 0 0 rg BT 490.83 340.75 Td (assess ) Tj ET Q q 0 0 0 rg BT 526.11 340.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 328.75 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 150.79 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 161.91 328.75 Td (those ) Tj ET Q q 0 0 0 rg BT 189.15 328.75 Td (procedures.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 307.75 Td (5. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 307.75 Td (With ) Tj ET Q q 0 0 0 rg BT 130.78 307.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 166.35 307.75 Td (to ) Tj ET Q q 0 0 0 rg BT 177.47 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 194.15 307.75 Td (external ) Tj ET Q q 0 0 0 rg BT 232.50 307.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 270.86 307.75 Td (of ) Tj ET Q q 0 0 0 rg BT 281.97 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.65 307.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 356.46 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 373.14 307.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 424.26 307.75 Td (shall:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 286.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 286.75 Td (recommend ) Tj ET Q q 0 0 0 rg BT 181.73 286.75 Td (to ) Tj ET Q q 0 0 0 rg BT 193.00 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.83 286.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 239.44 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 256.27 286.75 Td (appointment ) Tj ET Q q 0 0 0 rg BT 314.24 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 325.50 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 342.33 286.75 Td (external ) Tj ET Q q 0 0 0 rg BT 380.84 286.75 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 422.12 286.75 Td (including ) Tj ET Q q 0 0 0 rg BT 464.52 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 481.35 286.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 509.28 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 520.55 286.75 Td (their ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 274.75 Td (engagement ) Tj ET Q q 0 0 0 rg BT 184.38 274.75 Td (for ) Tj ET Q q 0 0 0 rg BT 198.83 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 215.51 274.75 Td (integrated ) Tj ET Q q 0 0 0 rg BT 262.76 274.75 Td (audit;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 253.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 253.75 Td (review ) Tj ET Q q 0 0 0 rg BT 158.22 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 178.23 253.75 Td (approve ) Tj ET Q q 0 0 0 rg BT 217.69 253.75 Td (any ) Tj ET Q q 0 0 0 rg BT 237.14 253.75 Td (other ) Tj ET Q q 0 0 0 rg BT 263.26 253.75 Td (services ) Tj ET Q q 0 0 0 rg BT 303.26 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 314.93 253.75 Td (be ) Tj ET Q q 0 0 0 rg BT 329.37 253.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 371.06 253.75 Td (by ) Tj ET Q q 0 0 0 rg BT 384.95 253.75 Td (the ) Tj ET Q q 0 0 0 rg BT 402.17 253.75 Td (external ) Tj ET Q q 0 0 0 rg BT 441.07 253.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 479.97 253.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 526.10 253.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 241.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 142.68 241.75 Td (for ) Tj ET Q q 0 0 0 rg BT 157.13 241.75 Td (such ) Tj ET Q q 0 0 0 rg BT 181.03 241.75 Td (services\); ) Tj ET Q q 0 0 0 rg BT 226.59 241.75 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 220.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 220.75 Td (when ) Tj ET Q q 0 0 0 rg BT 152.84 220.75 Td (there ) Tj ET Q q 0 0 0 rg BT 178.57 220.75 Td (is ) Tj ET Q q 0 0 0 rg BT 188.72 220.75 Td (to ) Tj ET Q q 0 0 0 rg BT 199.99 220.75 Td (be ) Tj ET Q q 0 0 0 rg BT 214.05 220.75 Td (a ) Tj ET Q q 0 0 0 rg BT 222.54 220.75 Td (change ) Tj ET Q q 0 0 0 rg BT 258.28 220.75 Td (in ) Tj ET Q q 0 0 0 rg BT 269.00 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 285.84 220.75 Td (external ) Tj ET Q q 0 0 0 rg BT 324.34 220.75 Td (auditors, ) Tj ET Q q 0 0 0 rg BT 365.63 220.75 Td (review ) Tj ET Q q 0 0 0 rg BT 397.46 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.30 220.75 Td (issues ) Tj ET Q q 0 0 0 rg BT 445.57 220.75 Td (related ) Tj ET Q q 0 0 0 rg BT 479.08 220.75 Td (to ) Tj ET Q q 0 0 0 rg BT 490.36 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 507.19 220.75 Td (change ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.00 208.75 Td (and ) Tj ET Q q 0 0 0 rg BT 144.82 208.75 Td (the ) Tj ET Q q 0 0 0 rg BT 160.86 208.75 Td (information ) Tj ET Q q 0 0 0 rg BT 212.47 208.75 Td (to ) Tj ET Q q 0 0 0 rg BT 222.95 208.75 Td (be ) Tj ET Q q 0 0 0 rg BT 236.21 208.75 Td (included ) Tj ET Q q 0 0 0 rg BT 275.60 208.75 Td (in ) Tj ET Q q 0 0 0 rg BT 285.52 208.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.57 208.75 Td (required ) Tj ET Q q 0 0 0 rg BT 340.39 208.75 Td (notice ) Tj ET Q q 0 0 0 rg BT 369.22 208.75 Td (to ) Tj ET Q q 0 0 0 rg BT 379.70 208.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 424.07 208.75 Td (regulators ) Tj ET Q q 0 0 0 rg BT 470.68 208.75 Td (of ) Tj ET Q q 0 0 0 rg BT 481.16 208.75 Td (such ) Tj ET Q q 0 0 0 rg BT 504.42 208.75 Td (change.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 187.75 Td (6. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 187.75 Td (Review ) Tj ET Q q 0 0 0 rg BT 143.87 187.75 Td (with ) Tj ET Q q 0 0 0 rg BT 164.73 187.75 Td (the ) Tj ET Q q 0 0 0 rg BT 181.72 187.75 Td (external ) Tj ET Q q 0 0 0 rg BT 220.37 187.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 259.03 187.75 Td (\(and ) Tj ET Q q 0 0 0 rg BT 282.13 187.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.11 187.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 334.99 187.75 Td (auditor ) Tj ET Q q 0 0 0 rg BT 368.64 187.75 Td (if ) Tj ET Q q 0 0 0 rg BT 376.73 187.75 Td (one ) Tj ET Q q 0 0 0 rg BT 396.49 187.75 Td (is ) Tj ET Q q 0 0 0 rg BT 406.79 187.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 453.81 187.75 Td (by ) Tj ET Q q 0 0 0 rg BT 467.45 187.75 Td (the ) Tj ET Q q 0 0 0 rg BT 484.43 187.75 Td (Corporation\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 175.75 Td (their ) Tj ET Q q 0 0 0 rg BT 132.97 175.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 191.85 175.75 Td (of ) Tj ET Q q 0 0 0 rg BT 205.71 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 225.13 175.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 263.45 175.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 303.98 175.75 Td (of ) Tj ET Q q 0 0 0 rg BT 317.84 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.27 175.75 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 397.82 175.75 Td (their ) Tj ET Q q 0 0 0 rg BT 422.79 175.75 Td (written ) Tj ET Q q 0 0 0 rg BT 457.76 175.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 494.41 175.75 Td (containing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 163.75 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 191.08 163.75 Td (for ) Tj ET Q q 0 0 0 rg BT 206.35 163.75 Td (improvement, ) Tj ET Q q 0 0 0 rg BT 270.52 163.75 Td (and ) Tj ET Q q 0 0 0 rg BT 290.80 163.75 Td (management's ) Tj ET Q q 0 0 0 rg BT 359.68 163.75 Td (response ) Tj ET Q q 0 0 0 rg BT 404.42 163.75 Td (and ) Tj ET Q q 0 0 0 rg BT 424.70 163.75 Td (follow-up ) Tj ET Q q 0 0 0 rg BT 468.31 163.75 Td (to ) Tj ET Q q 0 0 0 rg BT 480.25 163.75 Td (any ) Tj ET Q q 0 0 0 rg BT 499.97 163.75 Td (identified ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 151.75 Td (weaknesses. ) Tj ET Q q 0 0 0 rg BT 168.27 151.75 Td ( ) Tj ET Q q 0 0 0 rg BT 170.57 151.75 Td (The ) Tj ET Q q 0 0 0 rg BT 190.27 151.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 241.08 151.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 264.11 151.75 Td (also ) Tj ET Q q 0 0 0 rg BT 284.92 151.75 Td (review ) Tj ET Q q 0 0 0 rg BT 316.27 151.75 Td (annually ) Tj ET Q q 0 0 0 rg BT 355.99 151.75 Td (with ) Tj ET Q q 0 0 0 rg BT 376.24 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.60 151.75 Td (external ) Tj ET Q q 0 0 0 rg BT 430.64 151.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 468.68 151.75 Td (their ) Tj ET Q q 0 0 0 rg BT 490.60 151.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 511.97 151.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.10 151.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 139.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 131.47 139.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 152.71 139.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 176.74 139.75 Td (completion ) Tj ET Q q 0 0 0 rg BT 226.88 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 237.01 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 252.69 139.75 Td (audit, ) Tj ET Q q 0 0 0 rg BT 278.94 139.75 Td (their ) Tj ET Q q 0 0 0 rg BT 300.17 139.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 333.08 139.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 357.11 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 372.79 139.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.26 139.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 461.96 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 472.08 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.76 139.75 Td (Corporation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 127.75 Td (and ) Tj ET Q q 0 0 0 rg BT 127.46 127.75 Td (its ) Tj ET Q q 0 0 0 rg BT 140.24 127.75 Td (subsidiaries. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 106.75 Td (7. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 106.75 Td (The ) Tj ET Q q 0 0 0 rg BT 128.10 106.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 179.31 106.75 Td (must ) Tj ET Q q 0 0 0 rg BT 203.85 106.75 Td (pre-approve ) Tj ET Q q 0 0 0 rg BT 260.64 106.75 Td (all ) Tj ET Q q 0 0 0 rg BT 273.51 106.75 Td (services ) Tj ET Q q 0 0 0 rg BT 313.05 106.75 Td (to ) Tj ET Q q 0 0 0 rg BT 324.26 106.75 Td (be ) Tj ET Q q 0 0 0 rg BT 338.25 106.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 379.48 106.75 Td (to ) Tj ET Q q 0 0 0 rg BT 390.69 106.75 Td (the ) Tj ET Q q 0 0 0 rg BT 407.45 106.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 462.57 106.75 Td (or ) Tj ET Q q 0 0 0 rg BT 474.33 106.75 Td (its ) Tj ET Q q 0 0 0 rg BT 487.20 106.75 Td (subsidiaries ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 94.75 Td (by ) Tj ET Q q 0 0 0 rg BT 120.72 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 136.78 94.75 Td (external ) Tj ET Q q 0 0 0 rg BT 174.51 94.75 Td (auditors. ) Tj ET Q q 0 0 0 rg BT 215.02 94.75 Td ( ) Tj ET Q q 0 0 0 rg BT 217.18 94.75 Td (In ) Tj ET Q q 0 0 0 rg BT 227.68 94.75 Td (pre-approving ) Tj ET Q q 0 0 0 rg BT 291.54 94.75 Td (any ) Tj ET Q q 0 0 0 rg BT 309.82 94.75 Td (service, ) Tj ET Q q 0 0 0 rg BT 346.43 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.49 94.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 412.99 94.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 435.71 94.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 475.67 94.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.73 94.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 523.34 94.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 82.75 Td (the ) Tj ET Q q 0 0 0 rg BT 125.28 82.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 168.68 82.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.40 82.75 Td (such ) Tj ET Q q 0 0 0 rg BT 204.90 82.75 Td (service ) Tj ET Q q 0 0 0 rg BT 239.96 82.75 Td (may ) Tj ET Q q 0 0 0 rg BT 262.23 82.75 Td (have ) Tj ET Q q 0 0 0 rg BT 287.29 82.75 Td (on ) Tj ET Q q 0 0 0 rg BT 301.79 82.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.07 82.75 Td (external ) Tj ET Q q 0 0 0 rg BT 358.03 82.75 Td (auditors' ) Tj ET Q q 0 0 0 rg BT 398.89 82.75 Td (independence. ) Tj ET Q q 0 0 0 rg BT 467.89 82.75 Td ( ) Tj ET Q q 0 0 0 rg BT 471.05 82.75 Td (The ) Tj ET Q q 0 0 0 rg BT 491.66 82.75 Td (Committee ) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 712.75 Td (may ) Tj ET Q q 0 0 0 rg BT 130.16 712.75 Td (delegate ) Tj ET Q q 0 0 0 rg BT 171.80 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 183.40 712.75 Td (one ) Tj ET Q q 0 0 0 rg BT 203.36 712.75 Td (or ) Tj ET Q q 0 0 0 rg BT 215.52 712.75 Td (more ) Tj ET Q q 0 0 0 rg BT 241.57 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 253.18 712.75 Td (its ) Tj ET Q q 0 0 0 rg BT 266.44 712.75 Td (members ) Tj ET Q q 0 0 0 rg BT 311.39 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 328.56 712.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 370.18 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 381.79 712.75 Td (pre-approve ) Tj ET Q q 0 0 0 rg BT 438.98 712.75 Td (services, ) Tj ET Q q 0 0 0 rg BT 481.70 712.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 523.32 712.75 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 125.80 700.75 Td (member ) Tj ET Q q 0 0 0 rg BT 166.37 700.75 Td (report ) Tj ET Q q 0 0 0 rg BT 196.39 700.75 Td (to ) Tj ET Q q 0 0 0 rg BT 208.63 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 226.43 700.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 278.67 700.75 Td (at ) Tj ET Q q 0 0 0 rg BT 290.91 700.75 Td (the ) Tj ET Q q 0 0 0 rg BT 308.71 700.75 Td (next ) Tj ET Q q 0 0 0 rg BT 331.50 700.75 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 380.99 700.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 420.47 700.75 Td (such ) Tj ET Q q 0 0 0 rg BT 445.49 700.75 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 505.53 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.11 700.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 688.75 Td (member ) Tj ET Q q 0 0 0 rg BT 147.39 688.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 181.78 688.75 Td (with ) Tj ET Q q 0 0 0 rg BT 202.28 688.75 Td (such ) Tj ET Q q 0 0 0 rg BT 226.11 688.75 Td (other ) Tj ET Q q 0 0 0 rg BT 251.62 688.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 304.36 688.75 Td (as ) Tj ET Q q 0 0 0 rg BT 317.64 688.75 Td (may ) Tj ET Q q 0 0 0 rg BT 339.25 688.75 Td (be ) Tj ET Q q 0 0 0 rg BT 353.08 688.75 Td (established ) Tj ET Q q 0 0 0 rg BT 406.39 688.75 Td (by ) Tj ET Q q 0 0 0 rg BT 419.66 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.28 688.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 487.34 688.75 Td (from ) Tj ET Q q 0 0 0 rg BT 510.05 688.75 Td (time ) Tj ET Q q 0 0 0 rg BT 531.66 688.75 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 676.75 Td (time.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 655.75 Td (8. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 655.75 Td (The ) Tj ET Q q 0 0 0 rg BT 127.93 655.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 178.98 655.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 202.25 655.75 Td (review ) Tj ET Q q 0 0 0 rg BT 233.85 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 250.45 655.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 268.71 655.75 Td (management ) Tj ET Q q 0 0 0 rg BT 329.78 655.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 365.83 655.75 Td (and ) Tj ET Q q 0 0 0 rg BT 385.21 655.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 437.95 655.75 Td (of ) Tj ET Q q 0 0 0 rg BT 448.99 655.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.59 655.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 520.54 655.75 Td (\(i.e., ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 643.75 Td (hedging, ) Tj ET Q q 0 0 0 rg BT 149.15 643.75 Td (litigation ) Tj ET Q q 0 0 0 rg BT 188.62 643.75 Td (and ) Tj ET Q q 0 0 0 rg BT 208.08 643.75 Td (insurance\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (9. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 622.75 Td (The ) Tj ET Q q 0 0 0 rg BT 128.90 622.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 180.91 622.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 205.15 622.75 Td (establish ) Tj ET Q q 0 0 0 rg BT 248.28 622.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 301.98 622.75 Td (for ) Tj ET Q q 0 0 0 rg BT 317.32 622.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.89 622.75 Td (receipt, ) Tj ET Q q 0 0 0 rg BT 371.35 622.75 Td (retention ) Tj ET Q q 0 0 0 rg BT 413.94 622.75 Td (and ) Tj ET Q q 0 0 0 rg BT 434.29 622.75 Td (treatment ) Tj ET Q q 0 0 0 rg BT 480.20 622.75 Td (of ) Tj ET Q q 0 0 0 rg BT 492.21 622.75 Td (complaints ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 610.75 Td (received ) Tj ET Q q 0 0 0 rg BT 148.58 610.75 Td (by ) Tj ET Q q 0 0 0 rg BT 161.93 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.62 610.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 233.66 610.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 278.70 610.75 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 332.63 610.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 368.21 610.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 419.37 610.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 457.17 610.75 Td (or ) Tj ET Q q 0 0 0 rg BT 468.85 610.75 Td (auditing ) Tj ET Q q 0 0 0 rg BT 506.67 610.75 Td (matters ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 598.75 Td (and ) Tj ET Q q 0 0 0 rg BT 128.12 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 145.46 598.75 Td (confidential, ) Tj ET Q q 0 0 0 rg BT 202.26 598.75 Td (anonymous ) Tj ET Q q 0 0 0 rg BT 257.39 598.75 Td (submission ) Tj ET Q q 0 0 0 rg BT 310.85 598.75 Td (by ) Tj ET Q q 0 0 0 rg BT 324.85 598.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 376.64 598.75 Td (of ) Tj ET Q q 0 0 0 rg BT 388.42 598.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.75 598.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 461.44 598.75 Td (and ) Tj ET Q q 0 0 0 rg BT 481.56 598.75 Td (its ) Tj ET Q q 0 0 0 rg BT 494.99 598.75 Td (subsidiary ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 586.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 142.46 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.58 586.75 Td (concerns ) Tj ET Q q 0 0 0 rg BT 196.94 586.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 241.96 586.75 Td (questionable ) Tj ET Q q 0 0 0 rg BT 301.46 586.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 352.60 586.75 Td (or ) Tj ET Q q 0 0 0 rg BT 364.27 586.75 Td (auditing ) Tj ET Q q 0 0 0 rg BT 402.08 586.75 Td (matters.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 565.75 Td (10. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 565.75 Td (The ) Tj ET Q q 0 0 0 rg BT 127.40 565.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 177.91 565.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 200.64 565.75 Td (review ) Tj ET Q q 0 0 0 rg BT 231.70 565.75 Td (and ) Tj ET Q q 0 0 0 rg BT 250.55 565.75 Td (approve ) Tj ET Q q 0 0 0 rg BT 288.85 565.75 Td (the ) Tj ET Q q 0 0 0 rg BT 304.92 565.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 366.24 565.75 Td (hiring ) Tj ET Q q 0 0 0 rg BT 392.87 565.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 428.38 565.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 472.80 565.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 523.32 565.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 553.75 Td (former ) Tj ET Q q 0 0 0 rg BT 139.67 553.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 190.81 553.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.93 553.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.61 553.75 Td (present ) Tj ET Q q 0 0 0 rg BT 254.74 553.75 Td (and ) Tj ET Q q 0 0 0 rg BT 274.20 553.75 Td (former ) Tj ET Q q 0 0 0 rg BT 305.87 553.75 Td (external ) Tj ET Q q 0 0 0 rg BT 344.23 553.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 382.58 553.75 Td (of ) Tj ET Q q 0 0 0 rg BT 393.70 553.75 Td (the ) Tj ET Q q 0 0 0 rg BT 410.38 553.75 Td (Corporation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 532.75 Td (1) Tj ET Q q 0 0 0 rg BT 76.82 532.75 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 532.75 Td (The ) Tj ET Q q 0 0 0 rg BT 128.21 532.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 179.52 532.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 203.06 532.75 Td (have ) Tj ET Q q 0 0 0 rg BT 227.72 532.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.60 532.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 285.92 532.75 Td (to ) Tj ET Q q 0 0 0 rg BT 297.24 532.75 Td (investigate ) Tj ET Q q 0 0 0 rg BT 348.02 532.75 Td (any ) Tj ET Q q 0 0 0 rg BT 367.12 532.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 406.78 532.75 Td (activity ) Tj ET Q q 0 0 0 rg BT 440.31 532.75 Td (of ) Tj ET Q q 0 0 0 rg BT 451.63 532.75 Td (the ) Tj ET Q q 0 0 0 rg BT 468.50 532.75 Td (Corporation. ) Tj ET Q q 0 0 0 rg BT 526.51 532.75 Td ( ) Tj ET Q q 0 0 0 rg BT 528.89 532.75 Td (All ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 520.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 160.57 520.75 Td (of ) Tj ET Q q 0 0 0 rg BT 173.13 520.75 Td (the ) Tj ET Q q 0 0 0 rg BT 191.24 520.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 247.71 520.75 Td (and ) Tj ET Q q 0 0 0 rg BT 268.60 520.75 Td (its ) Tj ET Q q 0 0 0 rg BT 282.82 520.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 332.05 520.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 367.95 520.75 Td (are ) Tj ET Q q 0 0 0 rg BT 386.61 520.75 Td (to ) Tj ET Q q 0 0 0 rg BT 399.17 520.75 Td (cooperate ) Tj ET Q q 0 0 0 rg BT 447.86 520.75 Td (as ) Tj ET Q q 0 0 0 rg BT 462.63 520.75 Td (requested ) Tj ET Q q 0 0 0 rg BT 511.32 520.75 Td (by ) Tj ET Q q 0 0 0 rg BT 526.10 520.75 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 508.75 Td (Committee.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 487.75 Td (12. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 487.75 Td (The ) Tj ET Q q 0 0 0 rg BT 129.56 487.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 182.23 487.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 207.12 487.75 Td (forthwith ) Tj ET Q q 0 0 0 rg BT 249.24 487.75 Td (report ) Tj ET Q q 0 0 0 rg BT 279.69 487.75 Td (the ) Tj ET Q q 0 0 0 rg BT 297.92 487.75 Td (results ) Tj ET Q q 0 0 0 rg BT 331.70 487.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.36 487.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 389.26 487.75 Td (and ) Tj ET Q q 0 0 0 rg BT 410.28 487.75 Td (reviews ) Tj ET Q q 0 0 0 rg BT 448.50 487.75 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 502.86 487.75 Td (and ) Tj ET Q q 0 0 0 rg BT 523.87 487.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 475.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 158.59 475.75 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 240.85 475.75 Td (to ) Tj ET Q q 0 0 0 rg BT 251.96 475.75 Td (the ) Tj ET Q q 0 0 0 rg BT 268.64 475.75 Td (Board.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 454.75 Td (13. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 454.75 Td (The ) Tj ET Q q 0 0 0 rg BT 127.67 454.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 178.45 454.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 201.46 454.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 226.13 454.75 Td (with ) Tj ET Q q 0 0 0 rg BT 246.35 454.75 Td (the ) Tj ET Q q 0 0 0 rg BT 262.69 454.75 Td (external ) Tj ET Q q 0 0 0 rg BT 300.71 454.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 338.72 454.75 Td (at ) Tj ET Q q 0 0 0 rg BT 349.50 454.75 Td (least ) Tj ET Q q 0 0 0 rg BT 373.06 454.75 Td (four ) Tj ET Q q 0 0 0 rg BT 392.73 454.75 Td (times ) Tj ET Q q 0 0 0 rg BT 419.06 454.75 Td (per ) Tj ET Q q 0 0 0 rg BT 435.96 454.75 Td (year ) Tj ET Q q 0 0 0 rg BT 457.85 454.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 471.40 454.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 522.21 454.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 442.75 Td (their ) Tj ET Q q 0 0 0 rg BT 130.13 442.75 Td (review ) Tj ET Q q 0 0 0 rg BT 161.71 442.75 Td (of ) Tj ET Q q 0 0 0 rg BT 172.73 442.75 Td (the ) Tj ET Q q 0 0 0 rg BT 189.31 442.75 Td (interim ) Tj ET Q q 0 0 0 rg BT 222.00 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 241.36 442.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 274.07 442.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.44 442.75 Td (statements\) ) Tj ET Q q 0 0 0 rg BT 368.37 442.75 Td (and ) Tj ET Q q 0 0 0 rg BT 387.73 442.75 Td (at ) Tj ET Q q 0 0 0 rg BT 398.75 442.75 Td (such ) Tj ET Q q 0 0 0 rg BT 422.56 442.75 Td (other ) Tj ET Q q 0 0 0 rg BT 448.03 442.75 Td (times ) Tj ET Q q 0 0 0 rg BT 474.60 442.75 Td (as ) Tj ET Q q 0 0 0 rg BT 487.84 442.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.43 442.75 Td (external ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 430.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 146.35 430.75 Td (and ) Tj ET Q q 0 0 0 rg BT 165.82 430.75 Td (the ) Tj ET Q q 0 0 0 rg BT 182.50 430.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 233.62 430.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 274.20 430.75 Td (appropriate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (MEETINGS ) Tj ET Q q 0 0 0 rg BT 126.63 409.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 150.71 409.75 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 212.74 409.75 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 237.74 409.75 Td (MA) Tj ET Q q 0 0 0 rg BT 252.55 409.75 Td (TTERS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 388.75 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 388.75 Td (At ) Tj ET Q q 0 0 0 rg BT 119.85 388.75 Td (all ) Tj ET Q q 0 0 0 rg BT 132.26 388.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 175.24 388.75 Td (of ) Tj ET Q q 0 0 0 rg BT 185.98 388.75 Td (the ) Tj ET Q q 0 0 0 rg BT 202.29 388.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 253.04 388.75 Td (every ) Tj ET Q q 0 0 0 rg BT 279.90 388.75 Td (question ) Tj ET Q q 0 0 0 rg BT 320.11 388.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 343.08 388.75 Td (be ) Tj ET Q q 0 0 0 rg BT 356.60 388.75 Td (decided ) Tj ET Q q 0 0 0 rg BT 394.04 388.75 Td (by ) Tj ET Q q 0 0 0 rg BT 407.00 388.75 Td (a ) Tj ET Q q 0 0 0 rg BT 414.97 388.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 452.38 388.75 Td (of ) Tj ET Q q 0 0 0 rg BT 463.12 388.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.42 388.75 Td (votes ) Tj ET Q q 0 0 0 rg BT 505.73 388.75 Td (cast. ) Tj ET Q q 0 0 0 rg BT 529.25 388.75 Td ( ) Tj ET Q q 0 0 0 rg BT 531.66 388.75 Td (In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 376.75 Td (case ) Tj ET Q q 0 0 0 rg BT 132.37 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 143.96 376.75 Td (an ) Tj ET Q q 0 0 0 rg BT 158.33 376.75 Td (equality ) Tj ET Q q 0 0 0 rg BT 196.04 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 207.63 376.75 Td (votes, ) Tj ET Q q 0 0 0 rg BT 237.55 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.70 376.75 Td (chairman ) Tj ET Q q 0 0 0 rg BT 299.08 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.66 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.81 376.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 366.63 376.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 390.45 376.75 Td (be ) Tj ET Q q 0 0 0 rg BT 404.81 376.75 Td (entitled ) Tj ET Q q 0 0 0 rg BT 440.31 376.75 Td (to ) Tj ET Q q 0 0 0 rg BT 451.89 376.75 Td (a ) Tj ET Q q 0 0 0 rg BT 460.70 376.75 Td (second ) Tj ET Q q 0 0 0 rg BT 496.19 376.75 Td (or ) Tj ET Q q 0 0 0 rg BT 508.33 376.75 Td (casting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 364.75 Td (vote.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (2. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 343.75 Td (The ) Tj ET Q q 0 0 0 rg BT 128.05 343.75 Td (Chair ) Tj ET Q q 0 0 0 rg BT 154.77 343.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 178.15 343.75 Td (preside ) Tj ET Q q 0 0 0 rg BT 213.77 343.75 Td (at ) Tj ET Q q 0 0 0 rg BT 224.93 343.75 Td (all ) Tj ET Q q 0 0 0 rg BT 237.75 343.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 281.15 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 292.30 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 309.02 343.75 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 362.97 343.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 394.69 343.75 Td (the ) Tj ET Q q 0 0 0 rg BT 411.41 343.75 Td (Chair ) Tj ET Q q 0 0 0 rg BT 438.13 343.75 Td (is ) Tj ET Q q 0 0 0 rg BT 448.17 343.75 Td (not ) Tj ET Q q 0 0 0 rg BT 464.89 343.75 Td (present, ) Tj ET Q q 0 0 0 rg BT 503.84 343.75 Td (in ) Tj ET Q q 0 0 0 rg BT 514.44 343.75 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 331.75 Td (case ) Tj ET Q q 0 0 0 rg BT 132.15 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 149.08 331.75 Td (members ) Tj ET Q q 0 0 0 rg BT 193.78 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 205.14 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 222.07 331.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 273.44 331.75 Td (present ) Tj ET Q q 0 0 0 rg BT 309.82 331.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 333.41 331.75 Td (designate ) Tj ET Q q 0 0 0 rg BT 379.80 331.75 Td (from ) Tj ET Q q 0 0 0 rg BT 402.83 331.75 Td (among ) Tj ET Q q 0 0 0 rg BT 436.43 331.75 Td (the ) Tj ET Q q 0 0 0 rg BT 453.36 331.75 Td (members ) Tj ET Q q 0 0 0 rg BT 498.06 331.75 Td (present ) Tj ET Q q 0 0 0 rg BT 534.44 331.75 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 319.75 Td (chairman ) Tj ET Q q 0 0 0 rg BT 151.91 319.75 Td (for ) Tj ET Q q 0 0 0 rg BT 166.35 319.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 210.27 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.39 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 238.07 319.75 Td (meeting.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 298.75 Td (3. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 298.75 Td (A) Tj ET Q q 0 0 0 rg BT 114.12 298.75 Td ( ) Tj ET Q q 0 0 0 rg BT 116.29 298.75 Td (quorum ) Tj ET Q q 0 0 0 rg BT 152.36 298.75 Td (for ) Tj ET Q q 0 0 0 rg BT 166.20 298.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 208.95 298.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.46 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 235.53 298.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 286.04 298.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 308.78 298.75 Td (be ) Tj ET Q q 0 0 0 rg BT 322.07 298.75 Td (a ) Tj ET Q q 0 0 0 rg BT 329.80 298.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 366.98 298.75 Td (of ) Tj ET Q q 0 0 0 rg BT 377.49 298.75 Td (its ) Tj ET Q q 0 0 0 rg BT 389.65 298.75 Td (members, ) Tj ET Q q 0 0 0 rg BT 436.28 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 455.13 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 471.20 298.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 495.05 298.75 Td (for ) Tj ET Q q 0 0 0 rg BT 508.89 298.75 Td (calling, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 286.75 Td (holding, ) Tj ET Q q 0 0 0 rg BT 144.82 286.75 Td (conducting ) Tj ET Q q 0 0 0 rg BT 194.98 286.75 Td (and ) Tj ET Q q 0 0 0 rg BT 213.45 286.75 Td (adjourning ) Tj ET Q q 0 0 0 rg BT 261.95 286.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 304.32 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 314.45 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.14 286.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 380.27 286.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 402.63 286.75 Td (be ) Tj ET Q q 0 0 0 rg BT 415.54 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.24 286.75 Td (same ) Tj ET Q q 0 0 0 rg BT 457.48 286.75 Td (as ) Tj ET Q q 0 0 0 rg BT 469.83 286.75 Td (those ) Tj ET Q q 0 0 0 rg BT 496.08 286.75 Td (governing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.68 274.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 154.14 274.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 185.83 274.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 231.40 274.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 284.21 274.75 Td (by ) Tj ET Q q 0 0 0 rg BT 297.55 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.23 274.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 365.35 274.75 Td (or ) Tj ET Q q 0 0 0 rg BT 377.02 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 393.70 274.75 Td (Board.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 253.75 Td (4. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 253.75 Td (Meetings ) Tj ET Q q 0 0 0 rg BT 151.75 253.75 Td (of ) Tj ET Q q 0 0 0 rg BT 163.27 253.75 Td (the ) Tj ET Q q 0 0 0 rg BT 180.34 253.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 231.87 253.75 Td (should ) Tj ET Q q 0 0 0 rg BT 264.51 253.75 Td (be ) Tj ET Q q 0 0 0 rg BT 278.81 253.75 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 327.57 253.75 Td (to ) Tj ET Q q 0 0 0 rg BT 339.09 253.75 Td (take ) Tj ET Q q 0 0 0 rg BT 361.17 253.75 Td (place ) Tj ET Q q 0 0 0 rg BT 388.25 253.75 Td (at ) Tj ET Q q 0 0 0 rg BT 399.76 253.75 Td (least ) Tj ET Q q 0 0 0 rg BT 424.06 253.75 Td (four ) Tj ET Q q 0 0 0 rg BT 444.47 253.75 Td (times ) Tj ET Q q 0 0 0 rg BT 471.54 253.75 Td (per ) Tj ET Q q 0 0 0 rg BT 489.17 253.75 Td (year ) Tj ET Q q 0 0 0 rg BT 511.80 253.75 Td (and ) Tj ET Q q 0 0 0 rg BT 531.66 253.75 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 241.75 Td (such ) Tj ET Q q 0 0 0 rg BT 131.90 241.75 Td (other ) Tj ET Q q 0 0 0 rg BT 157.47 241.75 Td (times ) Tj ET Q q 0 0 0 rg BT 184.14 241.75 Td (as ) Tj ET Q q 0 0 0 rg BT 197.48 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.16 241.75 Td (Chair ) Tj ET Q q 0 0 0 rg BT 240.84 241.75 Td (may ) Tj ET Q q 0 0 0 rg BT 262.51 241.75 Td (determine.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 220.75 Td (5. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 220.75 Td (Agendas, ) Tj ET Q q 0 0 0 rg BT 152.57 220.75 Td (approved ) Tj ET Q q 0 0 0 rg BT 196.59 220.75 Td (by ) Tj ET Q q 0 0 0 rg BT 209.46 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 225.68 220.75 Td (Chair) Tj ET Q q 0 0 0 rg BT 249.03 220.75 Td (, ) Tj ET Q q 0 0 0 rg BT 254.12 220.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 277.00 220.75 Td (be ) Tj ET Q q 0 0 0 rg BT 290.44 220.75 Td (circulated ) Tj ET Q q 0 0 0 rg BT 335.56 220.75 Td (to ) Tj ET Q q 0 0 0 rg BT 346.21 220.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 396.87 220.75 Td (members ) Tj ET Q q 0 0 0 rg BT 440.86 220.75 Td (along ) Tj ET Q q 0 0 0 rg BT 467.65 220.75 Td (with ) Tj ET Q q 0 0 0 rg BT 487.75 220.75 Td (background ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 208.75 Td (information ) Tj ET Q q 0 0 0 rg BT 160.25 208.75 Td (on ) Tj ET Q q 0 0 0 rg BT 174.15 208.75 Td (a ) Tj ET Q q 0 0 0 rg BT 182.49 208.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 211.38 208.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 237.50 208.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 260.29 208.75 Td (to ) Tj ET Q q 0 0 0 rg BT 271.40 208.75 Td (the ) Tj ET Q q 0 0 0 rg BT 288.08 208.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 339.21 208.75 Td (meetings.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 187.75 Td (6. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 187.75 Td (The ) Tj ET Q q 0 0 0 rg BT 129.87 187.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 182.86 187.75 Td (may ) Tj ET Q q 0 0 0 rg BT 206.39 187.75 Td (invite ) Tj ET Q q 0 0 0 rg BT 234.38 187.75 Td (those ) Tj ET Q q 0 0 0 rg BT 263.48 187.75 Td (of) Tj ET Q q 0 0 0 rg BT 271.64 187.75 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 302.95 187.75 Td (directors ) Tj ET Q q 0 0 0 rg BT 345.93 187.75 Td (and ) Tj ET Q q 0 0 0 rg BT 367.26 187.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 420.26 187.75 Td (of ) Tj ET Q q 0 0 0 rg BT 433.24 187.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.78 187.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 508.67 187.75 Td (and ) Tj ET Q q 0 0 0 rg BT 530.00 187.75 Td (its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 175.75 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 156.27 175.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 191.21 175.75 Td (as ) Tj ET Q q 0 0 0 rg BT 205.02 175.75 Td (it ) Tj ET Q q 0 0 0 rg BT 213.27 175.75 Td (may ) Tj ET Q q 0 0 0 rg BT 235.41 175.75 Td (see ) Tj ET Q q 0 0 0 rg BT 254.78 175.75 Td (fit ) Tj ET Q q 0 0 0 rg BT 265.81 175.75 Td (from ) Tj ET Q q 0 0 0 rg BT 289.06 175.75 Td (time ) Tj ET Q q 0 0 0 rg BT 311.20 175.75 Td (to ) Tj ET Q q 0 0 0 rg BT 322.79 175.75 Td (time ) Tj ET Q q 0 0 0 rg BT 344.94 175.75 Td (to ) Tj ET Q q 0 0 0 rg BT 356.53 175.75 Td (attend ) Tj ET Q q 0 0 0 rg BT 387.58 175.75 Td (at ) Tj ET Q q 0 0 0 rg BT 399.17 175.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 443.00 175.75 Td (of ) Tj ET Q q 0 0 0 rg BT 454.59 175.75 Td (the ) Tj ET Q q 0 0 0 rg BT 471.74 175.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 523.33 175.75 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 163.75 Td (assist ) Tj ET Q q 0 0 0 rg BT 135.43 163.75 Td (thereat ) Tj ET Q q 0 0 0 rg BT 168.44 163.75 Td (in ) Tj ET Q q 0 0 0 rg BT 178.09 163.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.87 163.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 242.43 163.75 Td (and ) Tj ET Q q 0 0 0 rg BT 260.99 163.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 322.34 163.75 Td (of ) Tj ET Q q 0 0 0 rg BT 332.55 163.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.33 163.75 Td (matters ) Tj ET Q q 0 0 0 rg BT 383.54 163.75 Td (being ) Tj ET Q q 0 0 0 rg BT 409.88 163.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 460.67 163.75 Td (by ) Tj ET Q q 0 0 0 rg BT 473.10 163.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.88 163.75 Td (Committee, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 151.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 147.93 151.75 Td (that ) Tj ET Q q 0 0 0 rg BT 166.19 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 181.67 151.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 206.59 151.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.18 151.75 Td (Of) Tj ET Q q 0 0 0 rg BT 258.56 151.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 279.02 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 288.94 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 304.42 151.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 358.24 151.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 380.38 151.75 Td (attend ) Tj ET Q q 0 0 0 rg BT 409.76 151.75 Td (all ) Tj ET Q q 0 0 0 rg BT 421.34 151.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 463.49 151.75 Td (of ) Tj ET Q q 0 0 0 rg BT 473.41 151.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.88 151.75 Td (Committee, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 139.75 Td (unless ) Tj ET Q q 0 0 0 rg BT 139.68 139.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 185.26 139.75 Td (excused ) Tj ET Q q 0 0 0 rg BT 225.29 139.75 Td (from ) Tj ET Q q 0 0 0 rg BT 248.06 139.75 Td (all ) Tj ET Q q 0 0 0 rg BT 260.85 139.75 Td (or ) Tj ET Q q 0 0 0 rg BT 272.52 139.75 Td (part ) Tj ET Q q 0 0 0 rg BT 292.53 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.64 139.75 Td (any ) Tj ET Q q 0 0 0 rg BT 322.55 139.75 Td (such ) Tj ET Q q 0 0 0 rg BT 346.45 139.75 Td (meeting ) Tj ET Q q 0 0 0 rg BT 384.80 139.75 Td (by ) Tj ET Q q 0 0 0 rg BT 398.14 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.82 139.75 Td (chairman ) Tj ET Q q 0 0 0 rg BT 458.73 139.75 Td (of ) Tj ET Q q 0 0 0 rg BT 469.85 139.75 Td (the ) Tj ET Q q 0 0 0 rg BT 486.53 139.75 Td (meeting.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 118.75 Td (7. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 118.75 Td (Minutes ) Tj ET Q q 0 0 0 rg BT 146.10 118.75 Td (of ) Tj ET Q q 0 0 0 rg BT 157.53 118.75 Td (the ) Tj ET Q q 0 0 0 rg BT 174.52 118.75 Td (Committee's ) Tj ET Q q 0 0 0 rg BT 232.86 118.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 276.52 118.75 Td (will ) Tj ET Q q 0 0 0 rg BT 293.49 118.75 Td (be ) Tj ET Q q 0 0 0 rg BT 307.70 118.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 350.25 118.75 Td (and ) Tj ET Q q 0 0 0 rg BT 370.03 118.75 Td (maintained ) Tj ET Q q 0 0 0 rg BT 422.03 118.75 Td (and ) Tj ET Q q 0 0 0 rg BT 441.80 118.75 Td (made ) Tj ET Q q 0 0 0 rg BT 469.91 118.75 Td (available ) Tj ET Q q 0 0 0 rg BT 512.46 118.75 Td (to ) Tj ET Q q 0 0 0 rg BT 523.89 118.75 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.00 106.75 Td (director ) Tj ET Q q 0 0 0 rg BT 144.12 106.75 Td (who ) Tj ET Q q 0 0 0 rg BT 165.25 106.75 Td (is ) Tj ET Q q 0 0 0 rg BT 175.25 106.75 Td (not ) Tj ET Q q 0 0 0 rg BT 191.93 106.75 Td (a ) Tj ET Q q 0 0 0 rg BT 200.27 106.75 Td (member ) Tj ET Q q 0 0 0 rg BT 239.72 106.75 Td (of ) Tj ET Q q 0 0 0 rg BT 250.84 106.75 Td (the ) Tj ET Q q 0 0 0 rg BT 267.52 106.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 318.64 106.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 343.66 106.75 Td (request.) 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